mills & reeve services limited
mills & reeve services limited Company Information
Company Number
06935207
Next Accounts
Feb 2026
Shareholders
mills & reeve llp
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
1 st. james court, whitefriars, norwich, norfolk, NR3 1RU
Website
www.mills-reeve.commills & reeve services limited Estimated Valuation
Pomanda estimates the enterprise value of MILLS & REEVE SERVICES LIMITED at £81m based on a Turnover of £66.8m and 1.21x industry multiple (adjusted for size and gross margin).
mills & reeve services limited Estimated Valuation
Pomanda estimates the enterprise value of MILLS & REEVE SERVICES LIMITED at £24.3m based on an EBITDA of £2.7m and a 8.87x industry multiple (adjusted for size and gross margin).
mills & reeve services limited Estimated Valuation
Pomanda estimates the enterprise value of MILLS & REEVE SERVICES LIMITED at £11.1m based on Net Assets of £5.2m and 2.13x industry multiple (adjusted for liquidity).
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Mills & Reeve Services Limited Overview
Mills & Reeve Services Limited is a live company located in norwich, NR3 1RU with a Companies House number of 06935207. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2009, it's largest shareholder is mills & reeve llp with a 100% stake. Mills & Reeve Services Limited is a established, large sized company, Pomanda has estimated its turnover at £66.8m with healthy growth in recent years.
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Mills & Reeve Services Limited Health Check
Pomanda's financial health check has awarded Mills & Reeve Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
2 Weak
Size
annual sales of £66.8m, make it larger than the average company (£4.3m)
£66.8m - Mills & Reeve Services Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (9.1%)
12% - Mills & Reeve Services Limited
9.1% - Industry AVG
Production
with a gross margin of 37.8%, this company has a comparable cost of product (37.8%)
37.8% - Mills & Reeve Services Limited
37.8% - Industry AVG
Profitability
an operating margin of 4.1% make it less profitable than the average company (5.5%)
4.1% - Mills & Reeve Services Limited
5.5% - Industry AVG
Employees
with 1154 employees, this is above the industry average (25)
1154 - Mills & Reeve Services Limited
25 - Industry AVG
Pay Structure
on an average salary of £55.1k, the company has an equivalent pay structure (£50.7k)
£55.1k - Mills & Reeve Services Limited
£50.7k - Industry AVG
Efficiency
resulting in sales per employee of £57.9k, this is less efficient (£156.8k)
£57.9k - Mills & Reeve Services Limited
£156.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mills & Reeve Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mills & Reeve Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mills & Reeve Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is average cash available to meet short term requirements (24 weeks)
28 weeks - Mills & Reeve Services Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63%, this is a similar level of debt than the average (60.3%)
63% - Mills & Reeve Services Limited
60.3% - Industry AVG
MILLS & REEVE SERVICES LIMITED financials
Mills & Reeve Services Limited's latest turnover from May 2024 is £66.8 million and the company has net assets of £5.2 million. According to their latest financial statements, Mills & Reeve Services Limited has 1,154 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 66,839,000 | 57,198,000 | 49,250,000 | 47,041,000 | 42,679,000 | 40,802,000 | 38,454,000 | 33,864,000 | 31,812,000 | 30,950,000 | 29,626,000 | 26,207,000 | 25,856,000 | 25,118,000 | 24,386,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 2,734,000 | 2,751,000 | 2,857,000 | 2,754,000 | 2,482,000 | 2,363,000 | 2,283,000 | 1,916,000 | 1,581,000 | 1,798,000 | 1,104,000 | 311,000 | 324,000 | 347,000 | 336,000 |
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 2,734,000 | 2,751,000 | 2,857,000 | 2,754,000 | 2,482,000 | 2,363,000 | 2,283,000 | 1,916,000 | 1,581,000 | 1,798,000 | 1,104,000 | 311,000 | 324,000 | 347,000 | 336,000 |
| Tax | -685,000 | -563,000 | -542,000 | -523,000 | -472,000 | -466,000 | -479,000 | -318,000 | -359,000 | -308,000 | -324,000 | -311,000 | -324,000 | -347,000 | -336,000 |
| Profit After Tax | 2,049,000 | 2,188,000 | 2,315,000 | 2,231,000 | 2,010,000 | 1,897,000 | 1,804,000 | 1,598,000 | 1,222,000 | 1,490,000 | 780,000 | ||||
| Dividends Paid | 3,457,000 | 1,426,000 | 1,426,000 | 1,805,000 | 1,300,000 | 1,944,000 | 1,258,000 | 506,000 | 460,000 | 1,448,000 | 780,000 | ||||
| Retained Profit | -1,408,000 | 762,000 | 889,000 | 426,000 | 710,000 | -47,000 | 546,000 | 1,092,000 | 762,000 | 42,000 | |||||
| Employee Costs | 63,563,000 | 54,447,000 | 46,393,000 | 44,630,000 | 40,197,000 | 38,439,000 | 36,171,000 | 31,948,000 | 30,231,000 | 29,152,000 | 28,522,000 | 25,895,000 | 25,382,000 | 24,771,000 | 24,050,000 |
| Number Of Employees | 1,154 | 939 | 892 | 828 | 838 | 822 | 771 | 730 | 706 | 696 | 695 | 639 | 638 | 634 | 629 |
| EBITDA* | 2,734,000 | 2,751,000 | 2,857,000 | 2,754,000 | 2,482,000 | 2,363,000 | 2,283,000 | 1,916,000 | 1,581,000 | 1,798,000 | 1,104,000 | 311,000 | 324,000 | 347,000 | 336,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | |||||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 9,198,000 | 8,887,000 | 8,056,000 | 8,759,000 | 7,402,000 | 4,643,000 | 5,135,000 | 4,501,000 | 3,702,000 | 2,680,000 | 2,655,000 | 2,411,000 | 2,548,000 | 2,382,000 | 3,121,000 |
| Misc Debtors | |||||||||||||||
| Cash | 4,857,000 | 5,701,000 | 5,123,000 | 2,711,000 | 2,496,000 | 3,209,000 | 3,017,000 | 1,854,000 | 1,126,000 | 388,000 | 103,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| misc current assets | |||||||||||||||
| total current assets | 14,055,000 | 14,588,000 | 13,179,000 | 11,470,000 | 9,898,000 | 7,852,000 | 8,152,000 | 6,355,000 | 4,828,000 | 3,068,000 | 2,758,000 | 2,412,000 | 2,549,000 | 2,383,000 | 3,122,000 |
| total assets | 14,055,000 | 14,588,000 | 13,179,000 | 11,470,000 | 9,898,000 | 7,852,000 | 8,152,000 | 6,355,000 | 4,828,000 | 3,068,000 | 2,758,000 | 2,412,000 | 2,549,000 | 2,383,000 | 3,122,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 8,855,000 | 7,980,000 | 7,333,000 | 7,939,000 | 6,793,000 | 5,457,000 | 5,710,000 | 4,459,000 | 4,024,000 | 3,026,000 | 2,758,000 | 2,412,000 | 2,549,000 | 2,383,000 | 3,122,000 |
| total current liabilities | 8,855,000 | 7,980,000 | 7,333,000 | 7,939,000 | 6,793,000 | 5,457,000 | 5,710,000 | 4,459,000 | 4,024,000 | 3,026,000 | 2,758,000 | 2,412,000 | 2,549,000 | 2,383,000 | 3,122,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 8,855,000 | 7,980,000 | 7,333,000 | 7,939,000 | 6,793,000 | 5,457,000 | 5,710,000 | 4,459,000 | 4,024,000 | 3,026,000 | 2,758,000 | 2,412,000 | 2,549,000 | 2,383,000 | 3,122,000 |
| net assets | 5,200,000 | 6,608,000 | 5,846,000 | 3,531,000 | 3,105,000 | 2,395,000 | 2,442,000 | 1,896,000 | 804,000 | 42,000 | |||||
| total shareholders funds | 5,200,000 | 6,608,000 | 5,846,000 | 3,531,000 | 3,105,000 | 2,395,000 | 2,442,000 | 1,896,000 | 804,000 | 42,000 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,734,000 | 2,751,000 | 2,857,000 | 2,754,000 | 2,482,000 | 2,363,000 | 2,283,000 | 1,916,000 | 1,581,000 | 1,798,000 | 1,104,000 | 311,000 | 324,000 | 347,000 | 336,000 |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -685,000 | -563,000 | -542,000 | -523,000 | -472,000 | -466,000 | -479,000 | -318,000 | -359,000 | -308,000 | -324,000 | -311,000 | -324,000 | -347,000 | -336,000 |
| Stock | |||||||||||||||
| Debtors | 311,000 | 831,000 | -703,000 | 1,357,000 | 2,759,000 | -492,000 | 634,000 | 799,000 | 1,022,000 | 25,000 | 244,000 | -137,000 | 166,000 | -739,000 | 3,121,000 |
| Creditors | |||||||||||||||
| Accruals and Deferred Income | 875,000 | 647,000 | -606,000 | 1,146,000 | 1,336,000 | -253,000 | 1,251,000 | 435,000 | 998,000 | 268,000 | 346,000 | -137,000 | 166,000 | -739,000 | 3,122,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 2,613,000 | 2,004,000 | 2,412,000 | 2,020,000 | 587,000 | 2,136,000 | 2,421,000 | 1,234,000 | 1,198,000 | 1,733,000 | 882,000 | 1,000 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 1,426,000 | ||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -844,000 | 578,000 | 2,412,000 | 215,000 | -713,000 | 192,000 | 1,163,000 | 728,000 | 738,000 | 285,000 | 102,000 | 1,000 | |||
| overdraft | |||||||||||||||
| change in cash | -844,000 | 578,000 | 2,412,000 | 215,000 | -713,000 | 192,000 | 1,163,000 | 728,000 | 738,000 | 285,000 | 102,000 | 1,000 |
mills & reeve services limited Credit Report and Business Information
Mills & Reeve Services Limited Competitor Analysis
Perform a competitor analysis for mills & reeve services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in NR3 area or any other competitors across 12 key performance metrics.
mills & reeve services limited Ownership
MILLS & REEVE SERVICES LIMITED group structure
Mills & Reeve Services Limited has no subsidiary companies.
mills & reeve services limited directors
Mills & Reeve Services Limited currently has 3 directors. The longest serving directors include Mrs Maureen Pooley (Jun 2009) and Claire Clarke (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Maureen Pooley | 78 years | Jun 2009 | - | Director | |
| Claire Clarke | United Kingdom | 56 years | Jul 2015 | - | Director |
| Mr Charles Staveley | United Kingdom | 55 years | Sep 2023 | - | Director |
P&L
May 2024turnover
66.8m
+17%
operating profit
2.7m
-1%
gross margin
37.8%
-0.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
5.2m
-0.21%
total assets
14.1m
-0.04%
cash
4.9m
-0.15%
net assets
Total assets minus all liabilities
mills & reeve services limited company details
company number
06935207
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2024
previous names
friars 616 limited (June 2009)
accountant
-
auditor
DELOITTE LLP
address
1 st. james court, whitefriars, norwich, norfolk, NR3 1RU
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
mills & reeve services limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to mills & reeve services limited.
mills & reeve services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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mills & reeve services limited Companies House Filings - See Documents
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