myonex limited

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myonex limited Company Information

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Company Number

07393390

Registered Address

1 meer end, birstall, leicester, LE4 3EH

Industry

Other business support service activities n.e.c.

 

Telephone

01163033530

Next Accounts Due

33 days late

Group Structure

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Directors

Michael Cohen14 Years

James Lovett2 Years

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Shareholders

myonex llc 100%

myonex limited Estimated Valuation

£70.6m

Pomanda estimates the enterprise value of MYONEX LIMITED at £70.6m based on a Turnover of £56.6m and 1.25x industry multiple (adjusted for size and gross margin).

myonex limited Estimated Valuation

£155.3m

Pomanda estimates the enterprise value of MYONEX LIMITED at £155.3m based on an EBITDA of £16.3m and a 9.54x industry multiple (adjusted for size and gross margin).

myonex limited Estimated Valuation

£73.9m

Pomanda estimates the enterprise value of MYONEX LIMITED at £73.9m based on Net Assets of £28.8m and 2.57x industry multiple (adjusted for liquidity).

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Myonex Limited Overview

Myonex Limited is a live company located in leicester, LE4 3EH with a Companies House number of 07393390. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2010, it's largest shareholder is myonex llc with a 100% stake. Myonex Limited is a established, large sized company, Pomanda has estimated its turnover at £56.6m with healthy growth in recent years.

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Myonex Limited Health Check

Pomanda's financial health check has awarded Myonex Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £56.6m, make it larger than the average company (£3.7m)

£56.6m - Myonex Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3%)

11% - Myonex Limited

3% - Industry AVG

production

Production

with a gross margin of 37.7%, this company has a comparable cost of product (38.8%)

37.7% - Myonex Limited

38.8% - Industry AVG

profitability

Profitability

an operating margin of 28.4% make it more profitable than the average company (6.3%)

28.4% - Myonex Limited

6.3% - Industry AVG

employees

Employees

with 60 employees, this is above the industry average (25)

60 - Myonex Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £89.3k, the company has a higher pay structure (£50.4k)

£89.3k - Myonex Limited

£50.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £942.9k, this is more efficient (£157.4k)

£942.9k - Myonex Limited

£157.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 94 days, this is later than average (44 days)

94 days - Myonex Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (33 days)

3 days - Myonex Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (32 days)

4 days - Myonex Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (24 weeks)

13 weeks - Myonex Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 20.2%, this is a lower level of debt than the average (63.8%)

20.2% - Myonex Limited

63.8% - Industry AVG

MYONEX LIMITED financials

EXPORTms excel logo

Myonex Limited's latest turnover from December 2022 is £56.6 million and the company has net assets of £28.8 million. According to their latest financial statements, Myonex Limited has 60 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011
Turnover56,572,40244,471,31067,072,68341,422,93321,710,74743,265,31659,082,12734,856,54821,167,04220,309,20211,021,0582,882,632
Other Income Or Grants000000000000
Cost Of Sales35,235,40833,318,77058,264,95536,877,42920,171,92839,273,45855,658,45232,904,31120,030,53519,323,24810,552,3632,771,553
Gross Profit21,336,99411,152,5408,807,7284,545,5041,538,8193,991,8583,423,6751,952,2371,136,507985,954468,695111,079
Admin Expenses5,292,7294,711,7734,605,1612,797,1741,786,7011,886,955838,916330,926512,185298,327201,67438,905
Operating Profit16,044,2656,440,7674,202,5671,748,330-247,8822,104,9032,584,7591,621,311624,322687,627267,02172,174
Interest Payable19,88621,0295,43575,43887,78380,5977,20200000
Interest Receivable001,7133,0361,73002,77434401224177
Pre-Tax Profit16,024,3796,419,7384,198,8451,675,928-333,9352,024,3062,580,3311,621,655624,322687,639267,04572,351
Tax-3,049,260-1,224,517-873,030-330,87559,880-397,917-504,572-377,018-119,743-160,251-63,240-15,844
Profit After Tax12,975,1195,195,2213,325,8151,345,053-274,0551,626,3892,075,7591,244,637504,579527,388203,80556,507
Dividends Paid000000000000
Retained Profit12,975,1195,195,2213,325,8151,345,053-274,0551,626,3892,075,7591,244,637504,579527,388203,80556,507
Employee Costs5,357,3673,380,6512,249,7201,734,7241,256,9421,043,456806,784446,006207,7855,630,8933,000,957830,836
Number Of Employees60502923181310551377521
EBITDA*16,281,8826,654,5434,418,8781,943,583-58,0212,280,5632,588,1211,624,799626,382688,362267,63372,591

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011
Tangible Assets677,885893,707966,5771,172,5131,359,6131,529,3041,561,7134,9818,4698108061,418
Intangible Assets000000000000
Investments & Other000000000000
Debtors (Due After 1 year)000000000000
Total Fixed Assets677,885893,707966,5771,172,5131,359,6131,529,3041,561,7134,9818,4698108061,418
Stock & work in progress403,407162,97168,331675,745255,72383,188831,86934,30497,56531,26123,0730
Trade Debtors14,702,33713,173,5653,840,44014,320,0015,010,7922,452,4167,508,4611,649,6583,454,750469,3943,4050
Group Debtors18,223,06916,325,6327,179,4140000907,65900029,947
Misc Debtors129,4784,141,655993,3332,665,7491,290,8561,227,4971,264,6423,088,568200,283371,8381,974,5950
Cash1,944,8523,567,8512,541,4321,215,1712,943,4477,174,2265,675,1484,357,532622,582411,703567,74070,712
misc current assets000000000000
total current assets35,403,14337,371,67414,622,95018,876,6669,500,81810,937,32715,280,12010,037,7214,375,1801,284,1962,568,813100,659
total assets36,081,02838,265,38115,589,52720,049,17910,860,43112,466,63116,841,83310,042,7024,383,6491,285,0062,569,619102,077
Bank overdraft000000000000
Bank loan000000000000
Trade Creditors 373,3944,759,130979,9811,719,1041,654,371244,7792,940,0703,148,09799,4314,64718,7607,366
Group/Directors Accounts1,865,51215,531,397143,3307,699,9342,500,9674,315,9556,396,19402,353,554280,37000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities5,028,2452,111,5463,809,2413,279,917687,3101,599,3682,840,7664,357,689638,384212,288110,71138,203
total current liabilities7,267,15122,402,0734,932,55212,698,9554,842,6486,160,10212,177,0307,505,7863,091,369497,305129,47145,569
loans00000000002,179,8350
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities000000000000
provisions7,66032,21021,09840,16252,77467,46552,12800000
total long term liabilities7,66032,21021,09840,16252,77467,46552,1280002,179,8350
total liabilities7,274,81122,434,2834,953,65012,739,1174,895,4226,227,56712,229,1587,505,7863,091,369497,3052,309,30645,569
net assets28,806,21715,831,09810,635,8777,310,0625,965,0096,239,0644,612,6752,536,9161,292,280787,701260,31356,508
total shareholders funds28,806,21715,831,09810,635,8777,310,0625,965,0096,239,0644,612,6752,536,9161,292,280787,701260,31356,508
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011
Operating Activities
Operating Profit16,044,2656,440,7674,202,5671,748,330-247,8822,104,9032,584,7591,621,311624,322687,627267,02172,174
Depreciation237,617213,776216,311195,253189,861175,6603,3623,4882,060735612417
Amortisation000000000000
Tax-3,049,260-1,224,517-873,030-330,87559,880-397,917-504,572-377,018-119,743-160,251-63,240-15,844
Stock240,43694,640-607,414420,022172,535-748,681797,565-63,26166,3048,18823,0730
Debtors-585,96821,627,665-4,972,56310,684,1022,621,735-5,093,1903,127,2181,990,8522,813,801-1,136,7681,948,05329,947
Creditors-4,385,7363,779,149-739,12364,7331,409,592-2,695,291-208,0273,048,66694,784-14,11311,3947,366
Accruals and Deferred Income2,916,699-1,697,695529,3242,592,607-912,058-1,241,398-1,516,9233,719,305426,096101,57772,50838,203
Deferred Taxes & Provisions-24,55011,112-19,064-12,612-14,69115,33752,12800000
Cash flow from operations12,084,567-14,199,7138,896,962-6,846,688-2,309,5683,803,165-3,514,0566,088,161-1,852,5861,744,155-1,682,83172,369
Investing Activities
capital expenditure0000-20,170-143,252-1,560,0940-9,719-7390-1,835
Change in Investments000000000000
cash flow from investments0000-20,170-143,252-1,560,0940-9,719-7390-1,835
Financing Activities
Bank loans000000000000
Group/Directors Accounts-13,665,88515,388,067-7,556,6045,198,967-1,814,988-2,080,2396,396,194-2,353,5542,073,184280,37000
Other Short Term Loans 000000000000
Long term loans000000000-2,179,8352,179,8350
Hire Purchase and Lease Commitments000000000000
other long term liabilities000000000000
share issue0000000-10001
interest-19,886-21,029-3,722-72,402-86,053-80,597-4,42834401224177
cash flow from financing-13,685,77115,367,038-7,560,3265,126,565-1,901,041-2,160,8366,391,766-2,353,2112,073,184-1,899,4532,179,859178
cash and cash equivalents
cash-1,622,9991,026,4191,326,261-1,728,276-4,230,7791,499,0781,317,6163,734,950210,879-156,037497,02870,712
overdraft000000000000
change in cash-1,622,9991,026,4191,326,261-1,728,276-4,230,7791,499,0781,317,6163,734,950210,879-156,037497,02870,712

myonex limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Myonex Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for myonex limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in LE4 area or any other competitors across 12 key performance metrics.

myonex limited Ownership

MYONEX LIMITED group structure

Myonex Limited has no subsidiary companies.

Ultimate parent company

MYONEX INC

#0134779

1 parent

MYONEX LIMITED

07393390

MYONEX LIMITED Shareholders

myonex llc 100%

myonex limited directors

Myonex Limited currently has 3 directors. The longest serving directors include Mr Michael Cohen (Oct 2010) and Mr James Lovett (Oct 2022).

officercountryagestartendrole
Mr Michael Cohen54 years Oct 2010- Director
Mr James Lovett60 years Oct 2022- Director
Mr Gregory Lavin50 years Oct 2022- Director

P&L

December 2022

turnover

56.6m

+27%

operating profit

16m

+149%

gross margin

37.8%

+50.4%

turnover

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

Balance Sheet

December 2022

net assets

28.8m

+0.82%

total assets

36.1m

-0.06%

cash

1.9m

-0.45%

net assets

Total assets minus all liabilities

myonex limited company details

company number

07393390

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 2010

age

14

incorporated

UK

ultimate parent company

MYONEX INC

accounts

Full Accounts

last accounts submitted

December 2022

previous names

myoderm limited (September 2020)

accountant

-

auditor

MHA

address

1 meer end, birstall, leicester, LE4 3EH

Bank

-

Legal Advisor

-

myonex 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 found 6 charges/mortgages relating to myonex limited. Currently there are 4 open charges and 2 have been satisfied in the past.

charges

myonex limited Companies House Filings - See Documents

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