Milton Gate Limited

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milton gate limited Company Information

Company Number

07281340

Next Accounts

1100 days late

Directors

Ansar Khan

Urfan Azam

Shareholders

montrose heritage ltd

ansar khan

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Group Structure

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Industry

Sale of used cars and light motor vehicles

Registered Address

10 lower thames street, london, EC3R 6AF

Website

www.wavendongatepavilion.com

milton gate limited Estimated Valuation

£13m

Pomanda estimates the enterprise value of MILTON GATE LIMITED at £13m based on a Turnover of £34.2m and 0.38x industry multiple (adjusted for size and gross margin).

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Milton Gate Limited is a live company located in london, EC3R 6AF with a Companies House number of 07281340. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in June 2010, it's largest shareholder is montrose heritage ltd with a 33.3% stake. Milton Gate Limited is a established, large sized company, Pomanda has estimated its turnover at £34.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Milton Gate Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £34.2m, make it larger than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of 60%, show it is growing at a faster rate (6.5%)

EXPORT

Milton Gate Limited's latest turnover from June 2020 is estimated at £34.2 million and the company has net assets of £2.3 million. According to their latest financial statements, Milton Gate Limited has 45 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Turnover	34,157,837	29,834,196	7,367,820	8,294,853	2,717,919	2,732,356	1,336,699	668,966	573,258	592,463
Other Income Or Grants
Cost Of Sales	31,776,527	27,719,766	6,827,299	7,681,302	2,498,307	2,497,031	1,236,680	617,108	528,079	545,097
Gross Profit	2,381,310	2,114,430	540,520	613,551	219,612	235,326	100,020	51,858	45,180	47,365
Admin Expenses	1,187,708	1,256,333	12,822	474,294	158,498	165,187	5,758	2,807	41,429	-11,310
Operating Profit	1,193,602	858,097	527,698	139,257	61,114	70,139	94,262	49,051	3,751	58,675
Interest Payable		123,984	119,392
Interest Receivable	1,229	2,688	112	94	278	141	23	104	215	120
Pre-Tax Profit	1,194,831	736,801	408,419	139,351	61,391	70,280	94,285	49,155	3,966	58,795
Tax	-227,018	-139,992	-77,600	-26,477	-12,278	-14,056	-19,800	-11,306	-952	-15,287
Profit After Tax	967,813	596,809	330,819	112,874	49,113	56,224	74,485	37,849	3,014	43,508
Dividends Paid
Retained Profit	967,813	596,809	330,819	112,874	49,113	56,224	74,485	37,849	3,014	43,508
Employee Costs	1,300,818	939,832	719,436	336,875	107,899	130,985	76,154	50,696	25,111	49,227
Number Of Employees	45	33	25	12	4	5	3	2	1	2
EBITDA*	1,270,771	883,502	547,686	142,252	64,638	74,285	99,139	54,788	10,501	59,275

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Tangible Assets	1,959,151	1,719,255	1,688,559	1,333,156	19,967	23,491	27,637	32,514	38,251	3,400
Intangible Assets
Investments & Other
Debtors (Due After 1 year)				214,610
Total Fixed Assets	1,959,151	1,719,255	1,688,559	1,547,766	19,967	23,491	27,637	32,514	38,251	3,400
Stock & work in progress	11,454,259	9,295,835	3,093,982	1,839,450	816,749	811,224	583,298	278,184	195,281	198,179
Trade Debtors	157,500	606,691					13,375	8,185	14,358	889
Group Debtors
Misc Debtors
Cash	1,771,426	686,637	30,222	14,747	60,407	50,677	5,652	3,431	38,004	47,968
misc current assets
total current assets	13,383,185	10,589,163	3,124,204	1,854,197	877,156	861,901	602,325	289,800	247,643	247,036
total assets	15,342,336	12,308,418	4,812,763	3,401,963	897,123	885,392	629,962	322,314	285,894	250,436
Bank overdraft			2,850,002
Bank loan
Trade Creditors	10,665,595	9,530,377	60,164	1,963,531	195,655	224,129	100,454	45,454	51,342	89,408
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities			163,958
total current liabilities	10,665,595	9,530,377	3,074,124	1,963,531	195,655	224,129	100,454	45,454	51,342	89,408
loans			823,590
hp & lease commitments
Accruals and Deferred Income
other liabilities	2,401,233	1,470,346	204,163	1,058,365	434,275	443,183	367,652	189,489	188,010	117,500
provisions
total long term liabilities	2,401,233	1,470,346	1,027,753	1,058,365	434,275	443,183	367,652	189,489	188,010	117,500
total liabilities	13,066,828	11,000,723	4,101,877	3,021,896	629,930	667,312	468,106	234,943	239,352	206,908
net assets	2,275,508	1,307,695	710,886	380,067	267,193	218,080	161,856	87,371	46,542	43,528
total shareholders funds	2,275,508	1,307,695	710,886	380,067	267,193	218,080	161,856	87,371	46,542	43,528

	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Operating Activities
Operating Profit	1,193,602	858,097	527,698	139,257	61,114	70,139	94,262	49,051	3,751	58,675
Depreciation	77,169	25,405	19,988	2,995	3,524	4,146	4,877	5,737	6,750	600
Amortisation
Tax	-227,018	-139,992	-77,600	-26,477	-12,278	-14,056	-19,800	-11,306	-952	-15,287
Stock	2,158,424	6,201,853	1,254,532	1,022,701	5,525	227,926	305,114	82,903	-2,898	198,179
Debtors	-449,191	606,691	-214,610	214,610		-13,375	5,190	-6,173	13,469	889
Creditors	1,135,218	9,470,213	-1,903,367	1,767,876	-28,474	123,675	55,000	-5,888	-38,066	89,408
Accruals and Deferred Income		-163,958	163,958
Deferred Taxes & Provisions
Cash flow from operations	469,738	3,241,221	-2,309,245	646,340	18,361	-30,647	-175,965	-39,136	-39,088	-65,672
Investing Activities
capital expenditure	-317,065	-56,101	-375,391	-1,316,184					-41,601	-4,000
Change in Investments
cash flow from investments	-317,065	-56,101	-375,391	-1,316,184					-41,601	-4,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans		-823,590	823,590
Hire Purchase and Lease Commitments
other long term liabilities	930,887	1,266,183	-854,202	624,090	-8,908	75,531	178,163	1,479	70,510	117,500
share issue								2,980		20
interest	1,229	-121,296	-119,280	94	278	141	23	104	215	120
cash flow from financing	932,116	321,297	-149,892	624,184	-8,630	75,672	178,186	4,563	70,725	117,640
cash and cash equivalents
cash	1,084,789	656,415	15,475	-45,660	9,730	45,025	2,221	-34,573	-9,964	47,968
overdraft		-2,850,002	2,850,002
change in cash	1,084,789	3,506,417	-2,834,527	-45,660	9,730	45,025	2,221	-34,573	-9,964	47,968

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 milton gate limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in EC3R area or any other competitors across 12 key performance metrics.

MILTON GATE LIMITED group structure

Milton Gate Limited has no subsidiary companies.

Ultimate parent company

MILTON GATE LIMITED

07281340

MILTON GATE LIMITED Shareholders

montrose heritage ltd	33.33%
ansar khan	33.33%
urfan ahmed azam	33.33%

Milton Gate Limited currently has 2 directors. The longest serving directors include Mr Ansar Khan (Jun 2010) and Mr Urfan Azam (Mar 2019).

officer	country	age	start	end	role
Mr Ansar Khan	England	39 years	Jun 2010	-	Director
Mr Urfan Azam	England	37 years	Mar 2019	-	Director

P&L

June 2020

turnover

34.2m

+14%

operating profit

1.2m

gross margin

-1.63%

turnover

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

Balance Sheet

June 2020

net assets

2.3m

+0.74%

total assets

15.3m

+0.25%

cash

1.8m

+1.58%

net assets

Total assets minus all liabilities

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3.5

company number

07281340

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

June 2010

ultimate parent company

None

previous names

sw car sales peterborough ltd (February 2013)

address

10 lower thames street, london, EC3R 6AF

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 4 charges/mortgages relating to milton gate limited. Currently there are 0 open charges and 4 have been satisfied in the past.

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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milton gate limited Company Information

milton gate limited Estimated Valuation

milton gate limited Estimated Valuation

milton gate limited Estimated Valuation

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MILTON GATE LIMITED financials

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