minster developments limited
minster developments limited Company Information
Company Number
07515798
Website
wellywasher.comRegistered Address
1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ
Industry
Development of building projects
Telephone
441636858036
Next Accounts Due
990 days late
Group Structure
View All
Shareholders
jason lee lucas 60%
christopher james bex 12.4%
View Allminster developments limited Estimated Valuation
Pomanda estimates the enterprise value of MINSTER DEVELOPMENTS LIMITED at £8.1m based on a Turnover of £18.2m and 0.45x industry multiple (adjusted for size and gross margin).
minster developments limited Estimated Valuation
Pomanda estimates the enterprise value of MINSTER DEVELOPMENTS LIMITED at £7.7m based on an EBITDA of £2.3m and a 3.34x industry multiple (adjusted for size and gross margin).
minster developments limited Estimated Valuation
Pomanda estimates the enterprise value of MINSTER DEVELOPMENTS LIMITED at £4.6m based on Net Assets of £3.6m and 1.31x industry multiple (adjusted for liquidity).
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Minster Developments Limited Overview
Minster Developments Limited is a live company located in milton keynes, MK5 8PJ with a Companies House number of 07515798. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2011, it's largest shareholder is jason lee lucas with a 60% stake. Minster Developments Limited is a established, mid sized company, Pomanda has estimated its turnover at £18.2m with rapid growth in recent years.
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Minster Developments Limited Health Check
Pomanda's financial health check has awarded Minster Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £18.2m, make it larger than the average company (£2.1m)
£18.2m - Minster Developments Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 98%, show it is growing at a faster rate (3.5%)
- Minster Developments Limited
3.5% - Industry AVG
Production
with a gross margin of 10.1%, this company has a higher cost of product (26.1%)
10.1% - Minster Developments Limited
26.1% - Industry AVG
Profitability
an operating margin of 12.7% make it more profitable than the average company (10.5%)
12.7% - Minster Developments Limited
10.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (6)
4 - Minster Developments Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Minster Developments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £4.5m, this is more efficient (£289.8k)
£4.5m - Minster Developments Limited
£289.8k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (27 days)
86 days - Minster Developments Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (30 days)
18 days - Minster Developments Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is less than average (232 days)
38 days - Minster Developments Limited
232 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (10 weeks)
2 weeks - Minster Developments Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.7%, this is a lower level of debt than the average (73.8%)
62.7% - Minster Developments Limited
73.8% - Industry AVG
MINSTER DEVELOPMENTS LIMITED financials
Minster Developments Limited's latest turnover from December 2019 is £18.2 million and the company has net assets of £3.6 million. According to their latest financial statements, Minster Developments Limited has 4 employees and maintains cash reserves of £242 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 18,184,106 | 19,051,247 | |||||||
| Other Income Or Grants | 0 | 0 | |||||||
| Cost Of Sales | 16,349,575 | 17,470,765 | |||||||
| Gross Profit | 1,834,531 | 1,580,482 | |||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | 0 | 576 | |||||||
| Interest Receivable | 0 | 5 | |||||||
| Pre-Tax Profit | 2,102,401 | 2,437,790 | |||||||
| Tax | -228,082 | -236,437 | |||||||
| Profit After Tax | 1,874,319 | 2,201,353 | |||||||
| Dividends Paid | 160,000 | 369,000 | |||||||
| Retained Profit | 1,714,319 | 1,832,353 | |||||||
| Employee Costs | 0 | 0 | |||||||
| Number Of Employees | 4 | 4 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,527 | 1,235 | 448 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,527 | 1,235 | 448 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,744,225 | 250,000 | 815,148 | 0 | 0 | 0 | 5,000 | 20,000 | 0 |
| Trade Debtors | 4,289,676 | 728,140 | 13,539 | 326,523 | 10,854 | 10,854 | 1,016 | 1,322 | 383 |
| Group Debtors | 2,981,327 | 3,402,734 | 1,256,540 | 66,993 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 255,967 | 32,351 | 9,347 | 231,006 | 0 | 0 | 0 | 0 | 0 |
| Cash | 242,037 | 1,783,930 | 602,162 | 165,130 | 5,148 | 5,148 | 5,428 | 1,764 | 1,026 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,513,232 | 6,197,155 | 2,696,736 | 789,652 | 16,002 | 16,002 | 11,444 | 23,086 | 1,409 |
| total assets | 9,523,759 | 6,198,390 | 2,697,184 | 789,652 | 16,002 | 16,002 | 11,444 | 23,086 | 1,409 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 842,957 | 422,055 | 42,294 | 8,394 | 18,826 | 18,499 | 17,079 | 25,549 | 1,834 |
| Group/Directors Accounts | 738,115 | 879,670 | 238,584 | 138,236 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,392,066 | 3,060,363 | 2,412,462 | 637,581 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,973,138 | 4,362,088 | 2,693,340 | 784,211 | 18,826 | 18,499 | 17,079 | 25,549 | 1,834 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,973,138 | 4,362,088 | 2,693,340 | 784,211 | 18,826 | 18,499 | 17,079 | 25,549 | 1,834 |
| net assets | 3,550,621 | 1,836,302 | 3,844 | 5,441 | -2,824 | -2,497 | -5,635 | -2,463 | -425 |
| total shareholders funds | 3,550,621 | 1,836,302 | 3,844 | 5,441 | -2,824 | -2,497 | -5,635 | -2,463 | -425 |
| Dec 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 2,227 | 616 | 225 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -228,082 | -236,437 | |||||||
| Stock | 1,494,225 | -565,148 | 815,148 | 0 | 0 | -5,000 | -15,000 | 20,000 | 0 |
| Debtors | 3,363,745 | 2,883,799 | 654,904 | 613,668 | 0 | 9,838 | -306 | 939 | 383 |
| Creditors | 420,902 | 379,761 | 33,900 | -10,105 | 327 | 1,420 | -8,470 | 23,715 | 1,834 |
| Accruals and Deferred Income | 1,331,703 | 647,901 | 1,774,881 | 637,581 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | -11,519 | -1,403 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -11,519 | -1,403 | |||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -141,555 | 641,086 | 100,348 | 138,236 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | -571 | |||||||
| cash flow from financing | -141,555 | 640,620 | |||||||
| cash and cash equivalents | |||||||||
| cash | -1,541,893 | 1,181,768 | 437,032 | 159,982 | 0 | -280 | 3,664 | 738 | 1,026 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,541,893 | 1,181,768 | 437,032 | 159,982 | 0 | -280 | 3,664 | 738 | 1,026 |
minster developments limited Credit Report and Business Information
Minster Developments Limited Competitor Analysis
Perform a competitor analysis for minster developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
minster developments limited Ownership
MINSTER DEVELOPMENTS LIMITED group structure
Minster Developments Limited has no subsidiary companies.
Ultimate parent company
MINSTER DEVELOPMENTS LIMITED
07515798
minster developments limited directors
Minster Developments Limited currently has 2 directors. The longest serving directors include Mr Jason Lucas (Feb 2011) and Mrs Sarah Allsopp (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jason Lucas | 53 years | Feb 2011 | - | Director | |
| Mrs Sarah Allsopp | 54 years | Mar 2016 | - | Director |
P&L
December 2019turnover
18.2m
-5%
operating profit
2.3m
0%
gross margin
10.1%
+21.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
3.6m
+0.93%
total assets
9.5m
+0.54%
cash
242k
-0.86%
net assets
Total assets minus all liabilities
minster developments limited company details
company number
07515798
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 2011
age
13
accounts
Full Accounts
ultimate parent company
previous names
the wellywasher co limited (March 2016)
incorporated
UK
address
1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ
last accounts submitted
December 2019
minster developments 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 13 charges/mortgages relating to minster developments limited. Currently there are 6 open charges and 7 have been satisfied in the past.
minster developments limited Companies House Filings - See Documents
| date | description | view/download |
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