Midrobe Housing Ltd

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midrobe housing ltd Company Information

Live

EstablishedMicroHealthy

Company Number

07259643

Website

Registered Address

4 halifax street, ashton-under-lyne, OL6 8PQ

Industry

Development of building projects

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Joseph Meehan14 Years

Shareholders

joseph william meehan 100%

midrobe housing ltd Estimated Valuation

£32.6k

Pomanda estimates the enterprise value of MIDROBE HOUSING LTD at £32.6k based on an EBITDA of £11.9k and a 2.73x industry multiple (adjusted for size and gross margin).

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Midrobe Housing Ltd is a live company located in ashton-under-lyne, OL6 8PQ with a Companies House number of 07259643. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2010, it's largest shareholder is joseph william meehan with a 100% stake. Midrobe Housing Ltd is a established, micro sized company, Pomanda has estimated its turnover at £73.1k with healthy growth in recent years.

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Pomanda's financial health check has awarded Midrobe Housing Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

5 Weak

Size

annual sales of £73.1k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (2.1%)

EXPORT

Midrobe Housing Ltd's latest turnover from March 2023 is estimated at £73.1 thousand and the company has net assets of £11.6 thousand. According to their latest financial statements, Midrobe Housing Ltd has 1 employee and maintains cash reserves of 0 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
Turnover	73,133	25,934	37,703	49,755	161,709	252,624	384,788	219,772	155,578	65,486	94,945	14,808
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	66,438	23,691	34,447	44,867	145,051	225,606	340,401	195,193	138,568	58,379	84,847	13,354
Gross Profit	6,695	2,243	3,256	4,888	16,658	27,018	44,387	24,578	17,010	7,107	10,098	1,454
Admin Expenses	-5,222	15,138	16,237	11,691	23,978	7,445	13,111	23,359	18,136	7,016	10,024	330
Operating Profit	11,917	-12,895	-12,981	-6,803	-7,320	19,573	31,276	1,219	-1,126	91	74	1,124
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	64	139	76	0
Pre-Tax Profit	11,917	-12,895	-12,981	-6,803	-7,320	19,573	31,276	1,219	-1,062	230	150	1,124
Tax	-2,264	0	0	0	0	-3,719	-6,255	-244	0	-53	-36	-292
Profit After Tax	9,653	-12,895	-12,981	-6,803	-7,320	15,854	25,021	975	-1,062	177	114	832
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	9,653	-12,895	-12,981	-6,803	-7,320	15,854	25,021	975	-1,062	177	114	832
Employee Costs	46,579	45,039	43,818	44,009	43,458	42,253	41,599	39,930	38,415	36,868	35,678	34,800
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	11,917	-12,895	-12,981	-6,803	-7,320	19,573	31,276	1,219	-1,126	285	74	1,124

* 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
Tangible Assets	899	2,799	13,817	16,930	10,883	10,883	10,528	15,099	17,810	772	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	1,193	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	899	2,799	13,817	16,930	10,883	10,883	10,528	15,099	19,003	772	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	11,510	153	231	11,271	45,734	69,125	93,101	44,335	28,209	5,200	10,663	3,600
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	0	0	0	0	0	0	0	0	0	25,414	30,232	0
misc current assets	1	0	759	0	0	0	0	0	0	0	0	0
total current assets	11,511	153	990	11,271	45,734	69,125	93,101	44,335	28,209	30,614	40,895	3,600
total assets	12,410	2,952	14,807	28,201	56,617	80,008	103,629	59,434	47,212	31,386	40,895	3,600
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	0	195	0	413	22,026	38,097	77,572	58,398	47,147	30,259	39,945	2,764
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	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	0	195	0	413	22,026	38,097	77,572	58,398	47,147	30,259	39,945	2,764
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	845	845	0	0	0	0	0	0	0	0	0	0
other liabilities	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
total long term liabilities	845	845	0	0	0	0	0	0	0	0	0	0
total liabilities	845	1,040	0	413	22,026	38,097	77,572	58,398	47,147	30,259	39,945	2,764
net assets	11,565	1,912	14,807	27,788	34,591	41,911	26,057	1,036	65	1,127	950	836
total shareholders funds	11,565	1,912	14,807	27,788	34,591	41,911	26,057	1,036	65	1,127	950	836

	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	11,917	-12,895	-12,981	-6,803	-7,320	19,573	31,276	1,219	-1,126	91	74	1,124	0
Depreciation	0	0	0	0	0	0	0	0	0	194	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,264	0	0	0	0	-3,719	-6,255	-244	0	-53	-36	-292	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	11,357	-78	-11,040	-34,463	-23,391	-23,976	48,766	16,126	23,009	-5,463	7,063	3,600	0
Creditors	-195	195	-413	-21,613	-16,071	-39,475	19,174	11,251	16,888	-9,686	37,181	2,764	0
Accruals and Deferred Income	0	845	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	0
Cash flow from operations	-1,899	-11,777	-2,354	6,047	0	355	-4,571	-3,900	-7,247	-3,991	30,156	-4	0
Investing Activities
capital expenditure	1,900	11,018	3,113	-6,047	0	-355	4,571	2,711	-17,038	-966	0	0	0
Change in Investments	0	0	0	0	0	0	0	-1,193	1,193	0	0	0	0
cash flow from investments	1,900	11,018	3,113	-6,047	0	-355	4,571	3,904	-18,231	-966	0	0	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	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	-4	0	0	0	4	0
interest	0	0	0	0	0	0	0	0	64	139	76	0	0
cash flow from financing	0	0	0	0	0	0	0	-4	64	139	76	4	0
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	-25,414	-4,818	30,232	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	-25,414	-4,818	30,232	0	0

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 midrobe housing ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in OL6 area or any other competitors across 12 key performance metrics.

MIDROBE HOUSING LTD group structure

Midrobe Housing Ltd has no subsidiary companies.

Ultimate parent company

MIDROBE HOUSING LTD

07259643

MIDROBE HOUSING LTD Shareholders

joseph william meehan

100%

Midrobe Housing Ltd currently has 1 director, Mr Joseph Meehan serving since May 2010.

officer	country	age	start	end	role
Mr Joseph Meehan	England	56 years	May 2010	-	Director

P&L

March 2023

turnover

73.1k

+182%

operating profit

11.9k

gross margin

9.2%

+5.84%

turnover

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

Balance Sheet

March 2023

net assets

11.6k

+5.05%

total assets

12.4k

+3.2%

cash

net assets

Total assets minus all liabilities

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company number

07259643

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

May 2010

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

4 halifax street, ashton-under-lyne, OL6 8PQ

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 midrobe housing ltd.

midrobe housing ltd Company Information

midrobe housing ltd Estimated Valuation

midrobe housing ltd Estimated Valuation

midrobe housing ltd Estimated Valuation

Midrobe Housing Ltd Overview

Midrobe Housing Ltd Health Check

MIDROBE HOUSING LTD financials

midrobe housing ltd Credit Report and Business Information

Midrobe Housing Ltd Competitor Analysis

midrobe housing ltd Ownership

midrobe housing ltd directors

midrobe housing ltd company details

midrobe housing ltd Charges & Mortgages

midrobe housing ltd Companies House Filings - See Documents