Pomanda estimates the enterprise value of MIR PACKAGING LTD at £4m based on a Turnover of £6.5m and 0.61x industry multiple (adjusted for size and gross margin).
mir packaging ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of MIR PACKAGING LTD at £0 based on an EBITDA of £-65.4k and a 3.77x industry multiple (adjusted for size and gross margin).
mir packaging ltdEstimated Valuation
£2.3m
Pomanda estimates the enterprise value of MIR PACKAGING LTD at £2.3m based on Net Assets of £1.1m and 2.02x industry multiple (adjusted for liquidity).
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Mir Packaging LtdOverview
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
ozgur nayir
with a 70% stake. Mir Packaging Ltd is a established,
mid sized company, Pomanda has estimated its turnover at
£6.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded Mir Packaging Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £6.5m, make it smaller than the average company (£13.2m)
£6.5m - Mir Packaging Ltd
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5.3%)
-2% - Mir Packaging Ltd
5.3% - Industry AVG
Production
with a gross margin of 20.8%, this company has a higher cost of product (30.1%)
20.8% - Mir Packaging Ltd
30.1% - Industry AVG
Profitability
an operating margin of -1% make it less profitable than the average company (6.2%)
-1% - Mir Packaging Ltd
6.2% - Industry AVG
Employees
with 8 employees, this is below the industry average (70)
8 - Mir Packaging Ltd
70 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has an equivalent pay structure (£41.1k)
£41.1k - Mir Packaging Ltd
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £816.8k, this is more efficient (£175.9k)
£816.8k - Mir Packaging Ltd
£175.9k - Industry AVG
Debtor Days
it gets paid by customers after 155 days, this is later than average (56 days)
155 days - Mir Packaging Ltd
56 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (44 days)
40 days - Mir Packaging Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mir Packaging Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mir Packaging Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.6%, this is a higher level of debt than the average (49.6%)
71.6% - Mir Packaging Ltd
49.6% - Industry AVG
MIR PACKAGING LTD financials
EXPORT
Mir Packaging Ltd's latest turnover from October 2023 is estimated at £6.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Mir Packaging Ltd has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
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
6,534,245
3,911,502
6,097,309
6,986,691
1,593,251
1,034,525
1,145,874
181,310
165,779
339,847
199,964
595,161
327,404
Other Income Or Grants
Cost Of Sales
5,173,398
2,780,428
4,895,385
5,620,186
1,265,704
811,648
887,334
139,612
128,664
263,715
155,391
461,812
254,031
Gross Profit
1,360,847
1,131,074
1,201,924
1,366,505
327,546
222,878
258,540
41,698
37,115
76,132
44,574
133,350
73,373
Admin Expenses
1,426,291
957,913
1,215,532
808,845
170,200
75,943
86,414
120,498
-47,158
47,791
-159,118
68,862
167,821
Operating Profit
-65,444
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
Interest Receivable
68,244
41
79
198
70
47
88
71
1
Pre-Tax Profit
2,800
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
-700
-105,955
-29,896
-27,918
-32,719
-16,868
-5,962
-46,870
-15,494
Profit After Tax
2,100
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
Retained Profit
2,100
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
328,539
283,431
391,750
1,294,991
253,079
177,600
204,828
33,336
32,753
63,446
31,191
94,453
60,951
Number Of Employees
8
7
10
34
7
5
6
1
1
2
1
3
2
EBITDA*
-65,444
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
Oct 2023
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
1,178,331
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
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,178,331
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
230,700
165,500
124,500
24,300
42,500
18,500
Trade Debtors
2,775,512
2,611,762
2,611,762
520,189
334,969
363,730
4,199
4,639
30,596
56,328
8,563
Group Debtors
Misc Debtors
Cash
2,599,762
62,876
16,126
11,820
7,040
28,247
319
misc current assets
total current assets
2,775,512
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
3,953,843
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
Bank loan
Trade Creditors
576,713
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
other short term finances
hp & lease commitments
other current liabilities
40,439
total current liabilities
576,713
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
hp & lease commitments
Accruals and Deferred Income
other liabilities
2,255,050
2,255,050
1,762,553
1,748,945
193,540
190,430
310,607
485,380
337,140
300,590
88,513
provisions
total long term liabilities
2,255,050
2,255,050
1,762,553
1,748,945
193,540
190,430
310,607
485,380
337,140
300,590
88,513
total liabilities
2,831,763
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
1,122,080
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
1,122,080
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
Oct 2023
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
-65,444
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
59,775
69,381
81,517
18,438
29,392
31,414
Amortisation
Tax
-700
-105,955
-29,896
-27,918
-32,719
-16,868
-5,962
-46,870
-15,494
Stock
-175,750
175,750
-230,700
65,200
41,000
100,200
-18,200
24,000
18,500
Debtors
2,775,512
-2,611,762
2,091,573
185,220
-28,761
359,531
-440
-25,957
-25,732
56,328
-8,563
8,563
Creditors
40,439
20,074
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
40,439
Deferred Taxes & Provisions
Cash flow from operations
-2,665,906
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
-2,000
-781,726
-379,987
41,273
11,468
50,769
-4,552
-377,569
-17,828
-17,932
-209,428
Change in Investments
cash flow from investments
-2,000
-781,726
-379,987
41,273
11,468
50,769
-4,552
-377,569
-17,828
-17,932
-209,428
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
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
share issue
-100
-1
1
interest
68,244
41
79
198
70
47
88
71
1
cash flow from financing
68,144
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
2,599,762
-62,876
46,750
4,306
4,780
-21,207
27,928
319
overdraft
change in cash
-2,599,762
2,599,762
-62,876
46,750
4,306
4,780
-21,207
27,928
319
mir packaging ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mir packaging ltd. Get real-time insights into mir packaging ltd's credit score, group structure and payment trends.
Perform a competitor analysis for mir packaging ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EN6 area or any other competitors across 12 key performance metrics.
mir packaging ltd Ownership
MIR PACKAGING LTD group structure
Mir Packaging Ltd has no subsidiary companies.
Ultimate parent company
MIR PACKAGING LTD
07123931
MIR PACKAGING LTD Shareholders
The largest shareholders in Mir Packaging Ltd include Ozgur Nayir and Zulfu Nayir.
ozgur nayir
70%
zulfu nayir
30%
mir packaging ltd directors
Mir Packaging Ltd currently has 1 director, Mr Zulfu Nayir serving since Nov 2011.
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 Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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mir packaging ltdCompanies House Filings - See Documents
