Mir Packaging Ltd

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mir packaging ltd Company Information

Live

EstablishedSmallHigh

Company Number

07123931

Website

www.mirpackaging.co.uk

Registered Address

cuffley gate sopers road, potters bar, EN6 4RY

Industry

Other manufacturing n.e.c.

Telephone

01707878778

Next Accounts Due

September 2024

Group Structure

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Directors

Zulfu Nayir12 Years

Shareholders

omer nayir 35%

nadiye nayir 35%

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mir packaging ltd Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of MIR PACKAGING LTD at £2.5m based on a Turnover of £3.9m and 0.63x industry multiple (adjusted for size and gross margin).

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Mir Packaging Ltd is a live company located in potters bar, EN6 4RY with a Companies House number of 07123931. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in January 2010, it's largest shareholder is omer nayir with a 35% stake. Mir Packaging Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.9m with high growth in recent years.

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Pomanda's financial health check has awarded Mir Packaging Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £3.9m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (2.4%)

EXPORT

Mir Packaging Ltd's latest turnover from December 2022 is £3.9 million and the company has net assets of £1.1 million. According to their latest financial statements, Mir Packaging Ltd has 7 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jan 2011
Turnover	3,911,502	8,515,622	9,793,189	2,112,969	1,399,357	1,555,524	307,822	272,248	534,254	275,515	896,464	484,576
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,780,428	6,019,914	6,997,060	1,472,553	974,352	1,058,876	208,346	186,016	364,528	187,773	610,597	327,642
Gross Profit	1,131,074	2,495,708	2,796,129	640,417	425,005	496,648	99,476	86,233	169,725	87,742	285,867	156,934
Admin Expenses	957,913	2,509,316	2,238,469	483,071	278,070	324,522	178,276	1,960	141,384	-115,950	221,379	251,382
Operating Profit	173,161	-13,608	557,660	157,346	146,935	172,126	-78,800	84,273	28,341	203,692	64,488	-94,448
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	41	0	0	0	0	79	198	70	47	88	71	1
Pre-Tax Profit	173,202	-13,608	557,660	157,346	146,935	172,205	-78,602	84,343	28,389	203,781	64,559	-94,447
Tax	0	0	-105,955	-29,896	-27,918	-32,719	0	-16,868	-5,962	-46,870	-15,494	0
Profit After Tax	173,202	-13,608	451,705	127,450	119,017	139,486	-78,602	67,474	22,427	156,911	49,065	-94,447
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	173,202	-13,608	451,705	127,450	119,017	139,486	-78,602	67,474	22,427	156,911	49,065	-94,447
Employee Costs	280,952	389,364	1,282,359	536,778	385,245	404,552	99,866	65,335	126,906	93,362	219,631	121,051
Number Of Employees	7	10	34	15	11	12	3	2	4	3	7	4
EBITDA*	392,425	-13,608	557,660	157,346	146,935	172,126	-19,025	153,654	109,858	222,130	93,880	-63,034

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jan 2011
Tangible Assets	1,176,331	613,869	613,869	233,882	275,155	286,623	337,392	397,167	461,996	165,944	166,554	178,014
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,176,331	613,869	613,869	233,882	275,155	286,623	337,392	397,167	461,996	165,944	166,554	178,014
Stock & work in progress	175,750	0	0	0	0	0	230,700	165,500	124,500	24,300	42,500	18,500
Trade Debtors	0	2,611,762	2,611,762	520,189	334,969	363,730	4,199	4,639	30,596	56,328	0	8,563
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	2,599,762	0	0	0	0	0	62,876	16,126	11,820	7,040	28,247	319
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,775,512	2,611,762	2,611,762	520,189	334,969	363,730	297,775	186,265	166,916	87,668	70,747	27,382
total assets	3,951,843	3,225,631	3,225,631	754,071	610,124	650,353	635,167	583,432	628,912	253,612	237,301	205,396
Bank overdraft	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
Trade Creditors	536,274	516,200	516,200	51,750	38,363	77,432	26,958	44,861	194,365	53,569	282,682	299,842
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	40,439	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	576,713	516,200	516,200	51,750	38,363	77,432	26,958	44,861	194,365	53,569	282,682	299,842
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	2,255,050	1,762,553	1,748,945	193,540	190,430	310,607	485,380	337,140	300,590	88,513	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,255,050	1,762,553	1,748,945	193,540	190,430	310,607	485,380	337,140	300,590	88,513	0	0
total liabilities	2,831,763	2,278,753	2,265,145	245,290	228,793	388,039	512,338	382,001	494,955	142,082	282,682	299,842
net assets	1,120,080	946,878	960,486	508,781	381,331	262,314	122,829	201,431	133,957	111,530	-45,381	-94,446
total shareholders funds	1,120,080	946,878	960,486	508,781	381,331	262,314	122,829	201,431	133,957	111,530	-45,381	-94,446

	Dec 2022	Dec 2021	Dec 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jan 2011
Operating Activities
Operating Profit	173,161	-13,608	557,660	157,346	146,935	172,126	-78,800	84,273	28,341	203,692	64,488	-94,448
Depreciation	219,264	0	0	0	0	0	59,775	69,381	81,517	18,438	29,392	31,414
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-105,955	-29,896	-27,918	-32,719	0	-16,868	-5,962	-46,870	-15,494	0
Stock	175,750	0	0	0	0	-230,700	65,200	41,000	100,200	-18,200	24,000	18,500
Debtors	-2,611,762	0	2,091,573	185,220	-28,761	359,531	-440	-25,957	-25,732	56,328	-8,563	8,563
Creditors	20,074	0	464,450	13,387	-39,069	50,474	-17,903	-149,504	140,796	-229,113	-17,160	299,842
Accruals and Deferred Income	40,439	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
Cash flow from operations	2,888,950	-13,608	-1,175,418	-44,383	108,709	61,050	-101,688	-27,761	170,224	-91,981	45,789	209,745
Investing Activities
capital expenditure	-781,726	0	-379,987	41,273	11,468	50,769	0	-4,552	-377,569	-17,828	-17,932	-209,428
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-781,726	0	-379,987	41,273	11,468	50,769	0	-4,552	-377,569	-17,828	-17,932	-209,428
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	492,497	13,608	1,555,405	3,110	-120,177	-174,773	148,240	36,550	212,077	88,513	0	0
share issue	0	0	0	0	0	-1	0	0	0	0	0	1
interest	41	0	0	0	0	79	198	70	47	88	71	1
cash flow from financing	492,538	13,608	1,555,405	3,110	-120,177	-174,695	148,438	36,620	212,124	88,601	71	2
cash and cash equivalents
cash	2,599,762	0	0	0	0	-62,876	46,750	4,306	4,780	-21,207	27,928	319
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	2,599,762	0	0	0	0	-62,876	46,750	4,306	4,780	-21,207	27,928	319

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 mir packaging ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in EN6 area or any other competitors across 12 key performance metrics.

MIR PACKAGING LTD group structure

Mir Packaging Ltd has no subsidiary companies.

Ultimate parent company

MIR PACKAGING LTD

07123931

MIR PACKAGING LTD Shareholders

omer nayir	35%
nadiye nayir	35%
zulfu nayir	30%

Mir Packaging Ltd currently has 1 director, Mr Zulfu Nayir serving since Nov 2011.

officer	country	age	start	end	role
Mr Zulfu Nayir	England	40 years	Nov 2011	-	Director

P&L

December 2022

turnover

3.9m

operating profit

173.2k

gross margin

29%

turnover

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

Balance Sheet

December 2022

net assets

1.1m

+0.18%

total assets

+0.23%

cash

2.6m

net assets

Total assets minus all liabilities

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company number

07123931

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

January 2010

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

cuffley gate sopers road, potters bar, EN6 4RY

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 mir packaging ltd.

mir packaging ltd Company Information

mir packaging ltd Estimated Valuation

mir packaging ltd Estimated Valuation

mir packaging ltd Estimated Valuation

Mir Packaging Ltd Overview

Mir Packaging Ltd Health Check

MIR PACKAGING LTD financials

mir packaging ltd Credit Report and Business Information

Mir Packaging Ltd Competitor Analysis

mir packaging ltd Ownership

mir packaging ltd directors

mir packaging ltd company details

mir packaging ltd Charges & Mortgages

mir packaging ltd Companies House Filings - See Documents