mib management services limited
mib management services limited Company Information
Company Number
07068849
Website
http://mib.org.ukRegistered Address
linford wood house, 6-12 capital drive, milton keynes, buckinghamshire, MK14 6XT
Industry
Financial management
Telephone
01908830001
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
motor insurers' bureau 100%
mib management services limited Estimated Valuation
Pomanda estimates the enterprise value of MIB MANAGEMENT SERVICES LIMITED at £4.4m based on a Turnover of £4.5m and 0.99x industry multiple (adjusted for size and gross margin).
mib management services limited Estimated Valuation
Pomanda estimates the enterprise value of MIB MANAGEMENT SERVICES LIMITED at £0 based on an EBITDA of £0 and a 6.67x industry multiple (adjusted for size and gross margin).
mib management services limited Estimated Valuation
Pomanda estimates the enterprise value of MIB MANAGEMENT SERVICES LIMITED at £3 based on Net Assets of £1 and 3.73x industry multiple (adjusted for liquidity).
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Mib Management Services Limited Overview
Mib Management Services Limited is a live company located in milton keynes, MK14 6XT with a Companies House number of 07068849. It operates in the financial management sector, SIC Code 70221. Founded in November 2009, it's largest shareholder is motor insurers' bureau with a 100% stake. Mib Management Services Limited is a established, small sized company, Pomanda has estimated its turnover at £4.5m with declining growth in recent years.
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Mib Management Services Limited Health Check
Pomanda's financial health check has awarded Mib Management Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £4.5m, make it larger than the average company (£972.8k)
£4.5m - Mib Management Services Limited
£972.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (7.2%)
-10% - Mib Management Services Limited
7.2% - Industry AVG
Production
with a gross margin of 83.3%, this company has a comparable cost of product (83.3%)
83.3% - Mib Management Services Limited
83.3% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Mib Management Services Limited
- - Industry AVG
Employees
with 32 employees, this is above the industry average (6)
- Mib Management Services Limited
6 - Industry AVG
Pay Structure
on an average salary of £56.1k, the company has an equivalent pay structure (£56.1k)
- Mib Management Services Limited
£56.1k - Industry AVG
Efficiency
resulting in sales per employee of £140.7k, this is equally as efficient (£144.3k)
- Mib Management Services Limited
£144.3k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (61 days)
52 days - Mib Management Services Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (46 days)
10 days - Mib Management Services Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mib Management Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (33 weeks)
10 weeks - Mib Management Services Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (51.7%)
100% - Mib Management Services Limited
51.7% - Industry AVG
mib management services limited Credit Report and Business Information
Mib Management Services Limited Competitor Analysis
Perform a competitor analysis for mib management services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mib management services limited Ownership
MIB MANAGEMENT SERVICES LIMITED group structure
Mib Management Services Limited has no subsidiary companies.
Ultimate parent company
1 parent
MIB MANAGEMENT SERVICES LIMITED
07068849
mib management services limited directors
Mib Management Services Limited currently has 2 directors. The longest serving directors include Mr Dominic Clayden (Jun 2018) and Mr Christopher Makomereh (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dominic Clayden | United Kingdom | 57 years | Jun 2018 | - | Director |
| Mr Christopher Makomereh | United Kingdom | 37 years | Jul 2023 | - | Director |
MIB MANAGEMENT SERVICES LIMITED financials
Mib Management Services Limited's latest turnover from December 2022 is £4.5 million and the company has net assets of £1. According to their latest financial statements, we estimate that Mib Management Services Limited has 32 employees and maintains cash reserves of £158.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,503,365 | 6,355,260 | 5,903,970 | 6,088,688 | 5,702,720 | 4,950,238 | 4,287,660 | 3,575,915 | 3,171,710 | 2,721,434 | 2,358,492 | 1,432,560 | 464,008 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Costs | 0 | 0 | |||||||||||
| Number Of Employees | |||||||||||||
| EBITDA* | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 652,929 | 107,783 | 778,085 | 2,057,538 | 1,198,599 | 1,584,731 | 1,269,056 | 2,972,831 | 2,158,912 | 1,716,274 | 1,952,520 | 1,510,634 | 1,472,649 |
| Group Debtors | 0 | 316,155 | 405,805 | 299,258 | 366,578 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 601 | 0 | 0 | 0 | 0 | 18 | 0 | 18 | 6 | 0 | 0 | 0 | 0 |
| Cash | 158,433 | 403,447 | 1,075,119 | 304,542 | 229,597 | 344,048 | 281,870 | 3,594,980 | 124,546 | 723,975 | 138,136 | 83,955 | 31,823 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 811,963 | 827,385 | 2,259,009 | 2,661,338 | 1,794,774 | 1,928,797 | 1,550,926 | 6,567,829 | 2,283,464 | 2,440,249 | 2,090,656 | 1,594,589 | 1,504,472 |
| total assets | 811,963 | 827,385 | 2,259,009 | 2,661,338 | 1,794,774 | 1,928,797 | 1,550,926 | 6,567,829 | 2,283,464 | 2,440,249 | 2,090,656 | 1,594,589 | 1,504,472 |
| 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 | 20,991 | 6,480 | 426 | 213,202 | 89,352 | 1,474,163 | 1,022,534 | 2,121,460 | 1,654,761 | 1,207,130 | 958,720 | 601,457 | 380,030 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325,570 |
| 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 | 790,971 | 820,904 | 2,258,582 | 2,448,135 | 1,705,421 | 454,633 | 528,391 | 4,446,368 | 628,702 | 1,233,118 | 1,131,935 | 993,131 | 798,871 |
| total current liabilities | 811,962 | 827,384 | 2,259,008 | 2,661,337 | 1,794,773 | 1,928,796 | 1,550,925 | 6,567,828 | 2,283,463 | 2,440,248 | 2,090,655 | 1,594,588 | 1,504,471 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 811,962 | 827,384 | 2,259,008 | 2,661,337 | 1,794,773 | 1,928,796 | 1,550,925 | 6,567,828 | 2,283,463 | 2,440,248 | 2,090,655 | 1,594,588 | 1,504,471 |
| net assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| total shareholders funds | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 229,592 | -759,952 | -1,172,906 | 791,619 | -19,572 | 315,693 | -1,703,793 | 813,931 | 442,644 | -236,246 | 441,886 | 37,985 | 1,472,649 |
| Creditors | 14,511 | 6,054 | -212,776 | 123,850 | -1,384,811 | 451,629 | -1,098,926 | 466,699 | 447,631 | 248,410 | 357,263 | 221,427 | 380,030 |
| Accruals and Deferred Income | -29,933 | -1,437,678 | -189,553 | 742,714 | 1,250,788 | -73,758 | -3,917,977 | 3,817,666 | -604,416 | 101,183 | 138,804 | 194,260 | 798,871 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -245,014 | -671,672 | 770,577 | 74,945 | -114,451 | 62,178 | -3,313,110 | 3,470,434 | -599,429 | 585,839 | 54,181 | ||
| Investing Activities | |||||||||||||
| capital expenditure | 0 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 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 | -325,570 | 325,570 |
| 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 | |||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -325,570 | 325,571 |
| cash and cash equivalents | |||||||||||||
| cash | -245,014 | -671,672 | 770,577 | 74,945 | -114,451 | 62,178 | -3,313,110 | 3,470,434 | -599,429 | 585,839 | 54,181 | 52,132 | 31,823 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -245,014 | -671,672 | 770,577 | 74,945 | -114,451 | 62,178 | -3,313,110 | 3,470,434 | -599,429 | 585,839 | 54,181 | 52,132 | 31,823 |
P&L
December 2022turnover
4.5m
-29%
operating profit
0
0%
gross margin
83.3%
-6.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1
0%
total assets
812k
-0.02%
cash
158.4k
-0.61%
net assets
Total assets minus all liabilities
Similar Companies
mib management services limited company details
company number
07068849
Type
Private limited with Share Capital
industry
70221 - Financial management
incorporation date
November 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
weightco 2009 (8) limited (May 2010)
incorporated
UK
address
linford wood house, 6-12 capital drive, milton keynes, buckinghamshire, MK14 6XT
last accounts submitted
December 2022
mib management 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 found 1 charges/mortgages relating to mib management services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
mib management services limited Companies House Filings - See Documents
| date | description | view/download |
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