Mijit Ltd

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mijit ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06939655

Website

Registered Address

2 lawley street, hackney, london, E5 0RJ

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

Next Accounts Due

March 2025

Group Structure

View All

Directors

James Boulton15 Years

Miori Boulton8 Years

Shareholders

james glover boulton 100%

mijit ltd Estimated Valuation

£98.9k

Pomanda estimates the enterprise value of MIJIT LTD at £98.9k based on a Turnover of £72.2k and 1.37x industry multiple (adjusted for size and gross margin).

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Mijit Ltd is a live company located in london, E5 0RJ with a Companies House number of 06939655. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2009, it's largest shareholder is james glover boulton with a 100% stake. Mijit Ltd is a established, micro sized company, Pomanda has estimated its turnover at £72.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Mijit Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

2 Regular

7 Weak

Size

annual sales of £72.2k, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (4.2%)

EXPORT

Mijit Ltd's latest turnover from June 2023 is estimated at £72.2 thousand and the company has net assets of -£28.9 thousand. According to their latest financial statements, Mijit Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	72,198	51,691	72,609	120,660	233,133	204,159	78,103	207,865	106,312	21,607	5,532	0	8,431	19,919
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	52,568	38,219	54,015	86,442	167,515	145,562	54,527	145,102	76,619	15,764	4,063	0	6,095	13,905
Gross Profit	19,630	13,472	18,594	34,219	65,617	58,597	23,576	62,763	29,693	5,843	1,470	0	2,336	6,015
Admin Expenses	28,766	20,742	47,197	66,034	52,929	17,997	54,987	77,626	-21,143	5,528	-4,863	1,390	5,073	-5,657
Operating Profit	-9,136	-7,270	-28,603	-31,815	12,688	40,600	-31,411	-14,863	50,836	315	6,333	-1,390	-2,737	11,672
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	37	200	202	165	171	146	135	71
Pre-Tax Profit	-9,136	-7,270	-28,603	-31,815	12,688	40,600	-31,374	-14,663	51,038	480	6,504	-1,244	-2,602	11,743
Tax	0	0	0	0	-2,411	-7,714	0	0	-10,207	-101	-1,496	0	0	-3,288
Profit After Tax	-9,136	-7,270	-28,603	-31,815	10,277	32,886	-31,374	-14,663	40,830	379	5,008	-1,244	-2,602	8,455
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-9,136	-7,270	-28,603	-31,815	10,277	32,886	-31,374	-14,663	40,830	379	5,008	-1,244	-2,602	8,455
Employee Costs	80,899	76,883	72,535	72,010	73,356	35,431	34,098	34,667	34,818	33,765	32,641	0	30,973	31,111
Number Of Employees	2	2	2	2	2	1	1	1	1	1	1	0	1	1
EBITDA*	-9,136	-7,270	-28,603	-31,815	12,688	40,600	-31,411	-13,067	52,749	2,866	9,054	-750	-2,659	11,776

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	4,723	6,298	8,398	10,093	13,458	15,496	17,683	5,386	5,740	7,653	8,161	1,920	233	311
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,723	6,298	8,398	10,093	13,458	15,496	17,683	5,386	5,740	7,653	8,161	1,920	233	311
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	8,468	2,423	13,108	33,421	79,861	61,200	20,784	54,091	26,122	2,160	1,066	0	99	3,338
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,390	2,390	1,452	1,452	1,300	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	29,243	50,637	30,032	35,774	32,777	25,692	28,242
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	10,858	4,813	14,560	34,873	81,161	61,200	20,784	83,334	76,759	32,192	36,840	32,777	25,791	31,580
total assets	15,581	11,111	22,958	44,966	94,619	76,696	38,467	88,720	82,499	39,845	45,001	34,697	26,024	31,891
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	35,424	28,829	46,667	39,021	33,677	52,556	31,672	29,848	0	0	20,170	23,435
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	0	0	35,424	28,829	46,667	39,021	33,677	52,556	31,672	29,848	0	0	20,170	23,435
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	44,453	30,847	0	0	0	0	0	0	0	0	35,383	30,087	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	44,453	30,847	0	0	0	0	0	0	0	0	35,383	30,087	0	0
total liabilities	44,453	30,847	35,424	28,829	46,667	39,021	33,677	52,556	31,672	29,848	35,383	30,087	20,170	23,435
net assets	-28,872	-19,736	-12,466	16,137	47,952	37,675	4,790	36,164	50,827	9,997	9,618	4,610	5,854	8,456
total shareholders funds	-28,872	-19,736	-12,466	16,137	47,952	37,675	4,790	36,164	50,827	9,997	9,618	4,610	5,854	8,456

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-9,136	-7,270	-28,603	-31,815	12,688	40,600	-31,411	-14,863	50,836	315	6,333	-1,390	-2,737	11,672
Depreciation	0	0	0	0	0	0	0	1,796	1,913	2,551	2,721	640	78	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	104
Tax	0	0	0	0	-2,411	-7,714	0	0	-10,207	-101	-1,496	0	0	-3,288
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	6,045	-9,747	-20,313	-46,288	19,961	40,416	-33,307	27,969	23,962	1,094	1,066	-99	-3,239	3,338
Creditors	0	-35,424	6,595	-17,838	7,646	5,344	-18,879	20,884	1,824	29,848	0	-20,170	-3,265	23,435
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-15,181	-32,947	-1,695	-3,365	-2,038	-2,186	-16,983	-20,152	20,404	31,519	6,492	-20,821	-2,685	28,585
Investing Activities
capital expenditure	1,575	2,100	1,695	3,365	2,038	2,187	-12,297	-1,442	0	-2,043	-8,962	-2,327	0	-415
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,575	2,100	1,695	3,365	2,038	2,187	-12,297	-1,442	0	-2,043	-8,962	-2,327	0	-415
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	13,606	30,847	0	0	0	0	0	0	0	-35,383	5,296	30,087	0	0
share issue	0	0	0	0	0	-1	0	0	0	0	0	0	0	1
interest	0	0	0	0	0	0	37	200	202	165	171	146	135	71
cash flow from financing	13,606	30,847	0	0	0	-1	37	200	202	-35,218	5,467	30,233	135	72
cash and cash equivalents
cash	0	0	0	0	0	0	-29,243	-21,394	20,605	-5,742	2,997	7,085	-2,550	28,242
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-29,243	-21,394	20,605	-5,742	2,997	7,085	-2,550	28,242

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mijit ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in E 5 area or any other competitors across 12 key performance metrics.

MIJIT LTD group structure

Mijit Ltd has no subsidiary companies.

Ultimate parent company

MIJIT LTD

06939655

MIJIT LTD Shareholders

james glover boulton

100%

Mijit Ltd currently has 2 directors. The longest serving directors include Mr James Boulton (Jun 2009) and Miori Boulton (Jul 2016).

officer	country	age	start	end	role
Mr James Boulton		55 years	Jun 2009	-	Director
Miori Boulton	England	51 years	Jul 2016	-	Director

P&L

June 2023

turnover

72.2k

+40%

operating profit

-9.1k

gross margin

27.2%

+4.33%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

-28.9k

+0.46%

total assets

15.6k

+0.4%

cash

net assets

Total assets minus all liabilities

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company number

06939655

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 2009

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2023

address

2 lawley street, hackney, london, E5 0RJ

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 mijit ltd.

mijit ltd Company Information

mijit ltd Estimated Valuation

mijit ltd Estimated Valuation

mijit ltd Estimated Valuation

Mijit Ltd Overview

Mijit Ltd Health Check

MIJIT LTD financials

mijit ltd Credit Report and Business Information

Mijit Ltd Competitor Analysis

mijit ltd Ownership

mijit ltd directors

mijit ltd company details

mijit ltd Charges & Mortgages

mijit ltd Companies House Filings - See Documents