the military mutual limited
the military mutual limited Company Information
Group Structure
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Industry
Activities of insurance agents and brokers
Registered Address
30 old bailey, london, EC4M 7AU
Website
www.themilitarymutual.comthe military mutual limited Estimated Valuation
Pomanda estimates the enterprise value of THE MILITARY MUTUAL LIMITED at £1.1m based on a Turnover of £1.1m and 1.01x industry multiple (adjusted for size and gross margin).
the military mutual limited Estimated Valuation
Pomanda estimates the enterprise value of THE MILITARY MUTUAL LIMITED at £0 based on an EBITDA of £-875.6k and a 6.13x industry multiple (adjusted for size and gross margin).
the military mutual limited Estimated Valuation
Pomanda estimates the enterprise value of THE MILITARY MUTUAL LIMITED at £0 based on Net Assets of £-52.1m and 1.9x industry multiple (adjusted for liquidity).
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The Military Mutual Limited Overview
The Military Mutual Limited is a dissolved company that was located in london, EC4M 7AU with a Companies House number of 07147130. It operated in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in February 2010, it's largest shareholder was unknown. The last turnover for The Military Mutual Limited was estimated at £1.1m.
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The Military Mutual Limited Health Check
Pomanda's financial health check has awarded The Military Mutual Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£3.1m)
£1.1m - The Military Mutual Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (4.1%)
-19% - The Military Mutual Limited
4.1% - Industry AVG
Production
with a gross margin of 99%, this company has a comparable cost of product (89.8%)
99% - The Military Mutual Limited
89.8% - Industry AVG
Profitability
an operating margin of -77.6% make it less profitable than the average company (15.1%)
-77.6% - The Military Mutual Limited
15.1% - Industry AVG
Employees
with 11 employees, this is below the industry average (24)
11 - The Military Mutual Limited
24 - Industry AVG
Pay Structure
on an average salary of £69.9k, the company has a higher pay structure (£50.6k)
£69.9k - The Military Mutual Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £102.6k, this is equally as efficient (£113.4k)
£102.6k - The Military Mutual Limited
£113.4k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is earlier than average (77 days)
58 days - The Military Mutual Limited
77 days - Industry AVG
Creditor Days
its suppliers are paid after 574 days, this is slower than average (112 days)
574 days - The Military Mutual Limited
112 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Military Mutual Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (34 weeks)
0 weeks - The Military Mutual Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9530.9%, this is a higher level of debt than the average (65%)
9530.9% - The Military Mutual Limited
65% - Industry AVG
THE MILITARY MUTUAL LIMITED financials
The Military Mutual Limited's latest turnover from December 2021 is £1.1 million and the company has net assets of -£52.1 million. According to their latest financial statements, The Military Mutual Limited has 11 employees and maintains cash reserves of £48.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,128,504 | 2,337,342 | 4,773,984 | 2,114,385 | 744,707 | 99,840 | 5,993 | 0 | |||
| Other Income Or Grants | 278,537 | ||||||||||
| Cost Of Sales | 290,035 | ||||||||||
| Gross Profit | 1,117,006 | ||||||||||
| Admin Expenses | 1,992,637 | ||||||||||
| Operating Profit | -875,631 | 688,402 | -1,596,358 | -7,266,445 | -7,258,452 | -7,333,710 | -8,354,876 | -1,875,297 | |||
| Interest Payable | 1,741,541 | 1,681,433 | 5,375,436 | 2,917,150 | 2,358,070 | 1,473,585 | 618,840 | 160,000 | |||
| Interest Receivable | 0 | 1,734,798 | 40 | 16 | 16 | 29 | 1,940 | 4,381 | |||
| Pre-Tax Profit | -2,617,172 | 741,767 | -6,971,754 | -9,768,430 | -9,908,477 | -12,149,040 | -9,391,422 | -2,030,916 | |||
| Tax | 0 | 0 | 0 | -3 | -3 | -6 | -338 | -459 | |||
| Profit After Tax | -2,617,172 | 741,767 | -6,971,754 | -9,768,433 | -9,908,480 | -12,149,046 | -9,391,760 | -2,031,375 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -2,617,172 | 741,767 | -6,971,754 | -9,768,433 | -9,908,480 | -12,149,046 | -9,391,760 | -2,031,375 | |||
| Employee Costs | 768,729 | 667,449 | 1,454,231 | ||||||||
| Number Of Employees | 11 | 9 | 9 | ||||||||
| EBITDA* | -875,631 | 688,402 | -1,596,358 | -7,266,445 | -7,258,452 | -7,333,710 | -8,354,876 | -1,875,297 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 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 |
| Trade Debtors | 181,637 | 78,614 | 213,186 | 279,749 | 109,924 | 25,848 | 9,105 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 500,000 | 500,000 | 500,000 | 0 | 0 | 0 |
| Misc Debtors | 249,407 | 0 | 0 | 0 | 500,000 | 0 | 4,061 | 0 | 0 | 0 | 0 |
| Cash | 48,250 | 38,773 | 603,542 | 794,245 | 1,055,946 | 1,571,417 | 1,742,961 | 2,004,901 | 0 | 0 | 0 |
| misc current assets | 73,104 | 159,835 | 400,548 | 480,930 | 222,754 | 55,401 | 9,352 | 0 | 0 | 0 | 0 |
| total current assets | 552,398 | 277,222 | 1,217,276 | 1,554,924 | 1,888,624 | 2,152,666 | 2,265,479 | 2,504,901 | 0 | 0 | 0 |
| total assets | 552,398 | 277,222 | 1,217,276 | 1,554,924 | 1,888,624 | 2,152,666 | 2,265,479 | 2,504,901 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 456,601 | 264,833 | 1,837,659 | 1,656,380 | 933,845 | 745,982 | 710,067 | 369,381 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 2,049,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,438,439 | 884,401 | 3,062,864 | 2,003,016 | 1,136,728 | 306,122 | 77,282 | 19,221 | 0 | 0 | 0 |
| total current liabilities | 3,944,040 | 1,149,234 | 4,900,523 | 3,659,396 | 2,070,573 | 1,052,104 | 787,349 | 388,602 | 0 | 0 | 0 |
| loans | 48,704,610 | 48,607,069 | 39,484,260 | 39,351,213 | 28,372,958 | 22,074,049 | 12,082,594 | 3,987,674 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 7,053,341 | 1,793,409 | 4,925,754 | 2,598,694 | 818,671 | 160,000 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 48,704,610 | 48,607,069 | 46,537,601 | 41,144,622 | 33,298,712 | 24,672,743 | 12,901,265 | 4,147,674 | 0 | 0 | 0 |
| total liabilities | 52,648,650 | 49,756,303 | 51,438,124 | 44,804,018 | 35,369,285 | 25,724,847 | 13,688,614 | 4,536,276 | 0 | 0 | 0 |
| net assets | -52,096,252 | -49,479,081 | -50,220,848 | -43,249,094 | -33,480,661 | -23,572,181 | -11,423,135 | -2,031,375 | 0 | 0 | 0 |
| total shareholders funds | -52,096,252 | -49,479,081 | -50,220,848 | -43,249,094 | -33,480,661 | -23,572,181 | -11,423,135 | -2,031,375 | 0 | 0 | 0 |
| Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -875,631 | 688,402 | -1,596,358 | -7,266,445 | -7,258,452 | -7,333,710 | -8,354,876 | -1,875,297 | |||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | 0 | 0 | 0 | -3 | -3 | -6 | -338 | -459 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 352,430 | -134,572 | -66,563 | -330,175 | 84,076 | 12,682 | 13,166 | 500,000 | 0 | 0 | 0 |
| Creditors | 191,768 | -1,572,826 | 181,279 | 722,535 | 187,863 | 35,915 | 340,686 | 369,381 | 0 | 0 | 0 |
| Accruals and Deferred Income | 554,038 | -9,231,804 | 6,319,780 | -2,266,057 | 3,157,666 | 2,008,863 | 716,732 | 179,221 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -482,255 | -9,981,656 | 4,971,264 | -8,479,795 | -3,997,002 | -5,301,620 | -7,310,962 | -1,827,154 | |||
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | |||||||||
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 2,049,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 97,541 | 9,122,809 | 133,047 | 10,978,255 | 6,298,909 | 9,991,455 | 8,094,920 | 3,987,674 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | -1,741,541 | 53,365 | -5,375,396 | -2,917,134 | -2,358,054 | -1,473,556 | -616,900 | -155,619 | |||
| cash flow from financing | 405,001 | 9,176,174 | -5,242,349 | 8,061,121 | 3,940,855 | 8,517,899 | 7,478,020 | 3,832,055 | |||
| cash and cash equivalents | |||||||||||
| cash | 9,477 | -564,769 | -190,703 | -261,701 | -515,471 | -171,544 | -261,940 | 2,004,901 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 9,477 | -564,769 | -190,703 | -261,701 | -515,471 | -171,544 | -261,940 | 2,004,901 | 0 | 0 | 0 |
the military mutual limited Credit Report and Business Information
The Military Mutual Limited Competitor Analysis
Perform a competitor analysis for the military mutual limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in EC4M area or any other competitors across 12 key performance metrics.
the military mutual limited Ownership
THE MILITARY MUTUAL LIMITED group structure
The Military Mutual Limited has no subsidiary companies.
Ultimate parent company
THE MILITARY MUTUAL LIMITED
07147130
the military mutual limited directors
The Military Mutual Limited currently has 2 directors. The longest serving directors include Mr Michael Harwood (Aug 2014) and Mr Michael Tripp (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Harwood | United Kingdom | 66 years | Aug 2014 | - | Director |
| Mr Michael Tripp | 69 years | Mar 2023 | - | Director |
P&L
December 2021turnover
1.1m
-52%
operating profit
-875.6k
-227%
gross margin
99%
%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-52.1m
+0.05%
total assets
552.4k
+0.99%
cash
48.3k
+0.24%
net assets
Total assets minus all liabilities
the military mutual limited company details
company number
07147130
Type
Private Ltd By Guarantee w/o Share Cap
industry
66220 - Activities of insurance agents and brokers
incorporation date
February 2010
age
15
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
BUZZACOTT LLP
address
30 old bailey, london, EC4M 7AU
Bank
CLYDESDALE BANK
Legal Advisor
-
the military mutual 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 did not find charges/mortgages relating to the military mutual limited.
the military mutual limited 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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the military mutual limited Companies House Filings - See Documents
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