Millbak Limited

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millbak limited Company Information

Live

EstablishedMicroDeclining

Company Number

07044763

Next Accounts

Nov 2025

Industry

Other business support service activities n.e.c.

Directors

Stuart Gibbons

Shareholders

janet gibbons

stuart gibbons

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Group Structure

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Contact

Registered Address

220 the vale, london, NW11 8SR

Website

www.millbak.com

millbak limited Estimated Valuation

£265.1k

Pomanda estimates the enterprise value of MILLBAK LIMITED at £265.1k based on Net Assets of £112k and 2.37x industry multiple (adjusted for liquidity).

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Millbak Limited is a live company located in london, NW11 8SR with a Companies House number of 07044763. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2009, it's largest shareholder is janet gibbons with a 45.8% stake. Millbak Limited is a established, micro sized company, Pomanda has estimated its turnover at £132.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Millbak Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

6 Weak

Size

annual sales of £132.2k, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of -55%, show it is growing at a slower rate (8.1%)

EXPORT

Millbak Limited's latest turnover from February 2024 is estimated at £132.2 thousand and the company has net assets of £112 thousand. According to their latest financial statements, we estimate that Millbak Limited has 1 employee and maintains cash reserves of £372 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Oct 2013	Oct 2012	Oct 2011
Turnover	132,241	126,815	1,487,849	1,458,350	1,231,761	1,084,901	1,729,173	980,277	1,079,553	996,940	744,714	1,306,569	297,902
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	81,709	77,409	924,081	916,396	766,849	677,107	1,078,016	597,738	676,820	632,704	478,473	817,751	182,645
Gross Profit	50,532	49,406	563,767	541,954	464,913	407,793	651,157	382,539	402,734	364,235	266,241	488,818	115,256
Admin Expenses	66,015	234,156	601,128	557,571	436,855	383,234	499,425	330,370	379,392	387,038	324,534	479,190	111,293
Operating Profit	-15,483	-184,750	-37,361	-15,617	28,058	24,559	151,732	52,169	23,342	-22,803	-58,293	9,628	3,963
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13	3	0	0	0	0	16	13	42	32	5	8	8
Pre-Tax Profit	-15,470	-184,747	-37,361	-15,617	28,058	24,559	151,748	52,183	23,384	-22,771	-58,288	9,636	3,970
Tax	0	0	0	0	-5,331	-4,666	-28,832	-10,436	-4,677	0	0	-2,313	-1,032
Profit After Tax	-15,470	-184,747	-37,361	-15,617	22,727	19,893	122,916	41,746	18,707	-22,771	-58,288	7,323	2,938
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-15,470	-184,747	-37,361	-15,617	22,727	19,893	122,916	41,746	18,707	-22,771	-58,288	7,323	2,938
Employee Costs	49,471	47,412	497,071	512,641	421,431	327,665	542,413	306,865	305,445	303,068	222,954	367,847	108,605
Number Of Employees	1	1	11	12	10	8	14	8	8	8	6	10	3
EBITDA*	-14,410	-184,750	-37,361	-15,617	28,058	24,559	151,732	52,169	28,378	-17,818	-58,005	9,853	3,963

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Oct 2013	Oct 2012	Oct 2011
Tangible Assets	3,219	4,292	5,288	4,698	5,063	4,244	9,047	13,848	16,819	21,655	26,386	675	0
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,219	4,292	5,288	4,698	5,063	4,244	9,047	13,848	16,819	21,655	26,386	675	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	247,273	242,717	227,524	218,104	212,119	192,787	124,995	164,562	124,123	192,720	55,653
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	365,681	358,103	0	0	0	0	0	0	0	0	0	0	0
Cash	372	142	0	0	0	0	0	6,547	4,005	12,661	1,895	139	3,060
misc current assets	0	0	0	0	0	0	0	0	13,676	0	0	0	0
total current assets	366,053	358,245	247,273	242,717	227,524	218,104	212,119	199,334	142,676	177,223	126,018	192,859	58,713
total assets	369,272	362,537	252,561	247,415	232,587	222,348	221,166	213,182	159,495	198,878	152,404	193,534	58,713
Bank overdraft	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
Trade Creditors	19,368	19,369	102,321	59,814	29,369	10,714	0	8,301	0	59,659	38,441	125,783	4,785
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	230,535	208,329	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	249,903	227,698	102,321	59,814	29,369	10,714	0	8,301	0	59,659	38,441	125,783	4,785
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	7,356	7,356	0	0	0	31,143	60,568	5,209	1,569	0	0	6,500	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	7,356	7,356	0	0	0	31,143	60,568	5,209	1,569	0	0	6,500	0
total liabilities	257,259	235,054	102,321	59,814	29,369	41,857	60,568	13,510	1,569	59,659	38,441	132,283	4,785
net assets	112,013	127,483	150,240	187,601	203,218	180,491	160,598	199,672	157,926	139,219	113,963	61,251	53,928
total shareholders funds	112,013	127,483	150,240	187,601	203,218	180,491	160,598	199,672	157,926	139,219	113,963	61,251	53,928

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Operating Activities
Operating Profit	-15,483	-184,750	-37,361	-15,617	28,058	24,559	151,732	52,169	23,342	-22,803	-58,293	9,628	3,963	0
Depreciation	1,073	0	0	0	0	0	0	0	5,036	4,985	288	225	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-5,331	-4,666	-28,832	-10,436	-4,677	0	0	-2,313	-1,032	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	7,578	110,830	4,556	15,193	9,420	5,985	19,332	67,792	-39,567	164,562	-68,597	137,067	55,653	0
Creditors	-1	-82,952	42,507	30,445	18,655	10,714	-8,301	8,301	-59,659	59,659	-87,342	120,998	4,785	0
Accruals and Deferred Income	22,206	208,329	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	217	-170,203	590	-365	31,962	24,622	95,267	-17,758	3,609	-122,721	-76,750	-8,529	-47,937	0
Investing Activities
capital expenditure	0	996	-590	365	-819	4,803	4,801	2,971	-200	-26,640	-25,999	-900	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	996	-590	365	-819	4,803	4,801	2,971	-200	-26,640	-25,999	-900	0	0
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	0	7,356	0	0	-31,143	-29,425	55,359	3,640	1,569	0	-6,500	6,500	0	0
share issue	0	161,990	0	0	0	0	-161,990	0	0	161,990	111,000	0	50,990	0
interest	13	3	0	0	0	0	16	13	42	32	5	8	8	0
cash flow from financing	13	169,349	0	0	-31,143	-29,425	-106,615	3,653	1,611	162,022	104,505	6,508	50,998	0
cash and cash equivalents
cash	230	142	0	0	0	0	-6,547	2,542	-8,656	12,661	1,756	-2,921	3,060	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	230	142	0	0	0	0	-6,547	2,542	-8,656	12,661	1,756	-2,921	3,060	0

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 millbak limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in NW11 area or any other competitors across 12 key performance metrics.

MILLBAK LIMITED group structure

Millbak Limited has no subsidiary companies.

Ultimate parent company

MILLBAK LIMITED

07044763

MILLBAK LIMITED Shareholders

janet gibbons	45.79%
stuart gibbons	45.79%
rowanmoor trustees limited re: gallini - m0002413	2.66%
trustee of the jasmine family pension trust	2.56%
rowanmoor trustees limited re: quealy - m0000742	1.65%
rowanmoor trustees limited re: innes - m0001119	1.56%

Millbak Limited currently has 1 director, Mr Stuart Gibbons serving since Oct 2010.

officer	country	age	start	end	role
Mr Stuart Gibbons	England	78 years	Oct 2010	-	Director

P&L

February 2024

turnover

132.2k

+4%

operating profit

-15.5k

gross margin

38.3%

-1.92%

turnover

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

Balance Sheet

February 2024

net assets

112k

-0.12%

total assets

369.3k

+0.02%

cash

372

+1.62%

net assets

Total assets minus all liabilities

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company number

07044763

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

October 2009

ultimate parent company

None

previous names

millback ltd (February 2011)

address

220 the vale, london, NW11 8SR

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millbak limited Company Information

millbak limited Estimated Valuation

millbak limited Estimated Valuation

millbak limited Estimated Valuation

Millbak Limited Overview

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MILLBAK LIMITED financials

millbak limited Credit Report and Business Information

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