Mi Life Care Services Limited

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mi life care services limited Company Information

Live

EstablishedSmallHealthy

Company Number

07063861

Website

www.milife-group.com

Registered Address

61 the broadway, oadby, leicester, LE2 2HF

Industry

Other residential care activities

Telephone

01162698844

Next Accounts Due

December 2024

Group Structure

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Directors

Dinesh Gandhi3 Years

View All

Shareholders

ampco 148 limited 100%

mi life care services limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of MI LIFE CARE SERVICES LIMITED at £1.6m based on a Turnover of £2.3m and 0.69x industry multiple (adjusted for size and gross margin).

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Mi Life Care Services Limited is a live company located in leicester, LE2 2HF with a Companies House number of 07063861. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in November 2009, it's largest shareholder is ampco 148 limited with a 100% stake. Mi Life Care Services Limited is a established, small sized company, Pomanda has estimated its turnover at £2.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mi Life Care Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

5 Regular

3 Weak

Size

annual sales of £2.3m, make it in line with the average company (£2m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.6%)

EXPORT

Mi Life Care Services Limited's latest turnover from March 2023 is estimated at £2.3 million and the company has net assets of £279.1 thousand. According to their latest financial statements, Mi Life Care Services Limited has 70 employees and maintains cash reserves of £179.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	2,314,780	2,340,390	2,146,439	1,816,409	2,074,013	1,944,006	2,096,130	2,254,309	3,510,419	2,892,992	1,755,754	1,622,351	204,635
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,393,662	1,449,564	1,359,496	1,118,504	1,294,476	1,177,966	1,255,063	1,391,588	2,180,227	1,785,378	1,065,601	979,883	119,494
Gross Profit	921,117	890,826	786,943	697,905	779,537	766,040	841,067	862,721	1,330,192	1,107,615	690,153	642,467	85,141
Admin Expenses	941,911	668,705	1,396,617	561,017	650,195	652,754	699,348	774,067	1,216,700	1,013,465	640,537	600,624	91,764
Operating Profit	-20,794	222,121	-609,674	136,888	129,342	113,286	141,719	88,654	113,492	94,150	49,616	41,843	-6,623
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,675	779	294	456	2,660	1,293	613	1,313	805	347	181	42	1
Pre-Tax Profit	-14,119	222,900	-609,380	137,344	132,002	114,579	142,333	89,966	114,297	94,496	49,797	41,885	-6,622
Tax	0	-42,351	0	-26,095	-25,080	-21,770	-28,466	-17,993	-24,002	-21,734	-11,951	-10,890	0
Profit After Tax	-14,119	180,549	-609,380	111,249	106,922	92,809	113,866	71,973	90,295	72,762	37,846	30,995	-6,622
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,119	180,549	-609,380	111,249	106,922	92,809	113,866	71,973	90,295	72,762	37,846	30,995	-6,622
Employee Costs	1,779,685	1,923,590	1,779,091	1,555,691	1,630,743	1,523,862	1,437,910	1,328,872	2,082,955	1,701,600	1,031,768	965,946	137,545
Number Of Employees	70	80	76	71	76	72	69	65	102	84	52	49	7
EBITDA*	-11,948	228,223	-608,026	138,678	131,118	113,911	142,427	89,700	114,953	95,539	51,341	42,495	-6,280

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	2,256	1,513	2,615	2,940	4,303	3,182	675	1,083	1,975	3,073	4,462	1,603	2,255
Intangible Assets	62,500	70,000	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	64,756	71,513	2,615	2,940	4,303	3,182	675	1,083	1,975	3,073	4,462	1,603	2,255
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	132,802	111,603	99,452	71,678	107,348	95,713	139,637	180,917	162,040	151,911	84,563	76,609	6,182
Group Debtors	5,000	117,216	19,018	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,466	5,577	1,092	250,482	324,611	312,524	287,850	39,266	0	0	0	0	0
Cash	179,810	134,308	73,328	515,414	397,144	312,201	205,053	285,514	239,572	82,487	56,139	16,282	501
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	322,078	368,704	192,890	837,574	829,103	720,438	632,540	505,697	401,612	234,398	140,702	92,891	6,683
total assets	386,834	440,217	195,505	840,514	833,406	723,620	633,215	506,780	403,587	237,471	145,164	94,494	8,938
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	1,521	983	1,114	3,795	3,070	16,226	9,373	4,063	178,310	102,489	82,944	70,120	15,559
Group/Directors Accounts	1,727	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	104,153	145,682	81,179	114,064	218,671	202,864	212,598	205,467	0	0	0	0	0
total current liabilities	107,401	146,665	82,293	117,859	221,741	219,090	221,971	209,530	178,310	102,489	82,944	70,120	15,559
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	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	287	287	496	559	818	605	128	0	0	0	0	0	0
total long term liabilities	287	287	496	559	818	605	128	0	0	0	0	0	0
total liabilities	107,688	146,952	82,789	118,418	222,559	219,695	222,099	209,530	178,310	102,489	82,944	70,120	15,559
net assets	279,146	293,265	112,716	722,096	610,847	503,925	411,116	297,250	225,277	134,982	62,220	24,374	-6,621
total shareholders funds	279,146	293,265	112,716	722,096	610,847	503,925	411,116	297,250	225,277	134,982	62,220	24,374	-6,621

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	-20,794	222,121	-609,674	136,888	129,342	113,286	141,719	88,654	113,492	94,150	49,616	41,843	-6,623
Depreciation	1,346	1,102	1,648	1,790	1,776	625	708	1,046	1,461	1,389	1,725	652	343
Amortisation	7,500	5,000	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-42,351	0	-26,095	-25,080	-21,770	-28,466	-17,993	-24,002	-21,734	-11,951	-10,890	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-92,128	114,834	-202,598	-109,799	23,722	-19,250	207,304	58,143	10,129	67,348	7,954	70,427	6,182
Creditors	538	-131	-2,681	725	-13,156	6,853	5,310	-174,247	75,821	19,545	12,824	54,561	15,559
Accruals and Deferred Income	-41,529	64,503	-32,885	-104,607	15,807	-9,734	7,131	205,467	0	0	0	0	0
Deferred Taxes & Provisions	0	-209	-63	-259	213	477	128	0	0	0	0	0	0
Cash flow from operations	39,189	135,201	-441,057	118,241	85,180	108,987	-80,774	44,784	156,643	26,002	44,260	15,739	3,097
Investing Activities
capital expenditure	-2,089	-75,000	-1,323	-427	-2,897	-3,132	-300	-154	-363	0	-4,584	0	-2,598
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,089	-75,000	-1,323	-427	-2,897	-3,132	-300	-154	-363	0	-4,584	0	-2,598
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,727	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
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	6,675	779	294	456	2,660	1,293	613	1,313	805	347	181	42	1
cash flow from financing	8,402	779	294	456	2,660	1,293	613	1,313	805	347	181	42	2
cash and cash equivalents
cash	45,502	60,980	-442,086	118,270	84,943	107,148	-80,461	45,942	157,085	26,348	39,857	15,781	501
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	45,502	60,980	-442,086	118,270	84,943	107,148	-80,461	45,942	157,085	26,348	39,857	15,781	501

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MI LIFE CARE SERVICES LIMITED group structure

Mi Life Care Services Limited has no subsidiary companies.

Ultimate parent company

MI LIFE CARE SERVICES LIMITED

07063861

MI LIFE CARE SERVICES LIMITED Shareholders

ampco 148 limited

100%

Mi Life Care Services Limited currently has 3 directors. The longest serving directors include Dinesh Gandhi (Dec 2020) and Mr Dinesh Gandhi (Dec 2020).

officer	country	age	start	end	role
Dinesh Gandhi	England	60 years	Dec 2020	-	Director
Mr Dinesh Gandhi	United Kingdom	60 years	Dec 2020	-	Director
Mr Kushal Gandhi	England	29 years	Dec 2020	-	Director

P&L

March 2023

turnover

2.3m

-1%

operating profit

-20.8k

gross margin

39.8%

+4.54%

turnover

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

Balance Sheet

March 2023

net assets

279.1k

-0.05%

total assets

386.8k

-0.12%

cash

179.8k

+0.34%

net assets

Total assets minus all liabilities

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company number

07063861

Type

Private limited with Share Capital

industry

87900 - Other residential care activities

incorporation date

November 2009

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

61 the broadway, oadby, leicester, LE2 2HF

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 found 1 charges/mortgages relating to mi life care services limited. Currently there are 1 open charges and 0 have been satisfied in the past.

mi life care services limited Company Information

mi life care services limited Estimated Valuation

mi life care services limited Estimated Valuation

mi life care services limited Estimated Valuation

Mi Life Care Services Limited Overview

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MI LIFE CARE SERVICES LIMITED financials

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