Mike Thelwell Flooring Ltd.

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mike thelwell flooring ltd. Company Information

Live

EstablishedSmallHigh

Company Number

07617309

Website

http://thelwellflooring.co.uk

Registered Address

unit 27, canal bridge enterprise centre, ellesmere port, cheshire, CH65 4EH

Industry

Floor and wall covering

Telephone

Next Accounts Due

March 2026

Group Structure

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Directors

Michael Thelwell13 Years

Linda Thelwell11 Years

Shareholders

michael thelwell 50%

linda thelwell 50%

mike thelwell flooring ltd. Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of MIKE THELWELL FLOORING LTD. at £1.7m based on Net Assets of £905.7k and 1.85x industry multiple (adjusted for liquidity).

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Mike Thelwell Flooring Ltd. is a live company located in ellesmere port, CH65 4EH with a Companies House number of 07617309. It operates in the floor and wall covering sector, SIC Code 43330. Founded in April 2011, it's largest shareholder is michael thelwell with a 50% stake. Mike Thelwell Flooring Ltd. is a established, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.

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Pomanda's financial health check has awarded Mike Thelwell Flooring Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £2.3m, make it larger than the average company (£263.1k)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (8.6%)

EXPORT

Mike Thelwell Flooring Ltd.'s latest turnover from June 2024 is estimated at £2.3 million and the company has net assets of £905.7 thousand. According to their latest financial statements, Mike Thelwell Flooring Ltd. has 3 employees and maintains cash reserves of £433.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Apr 2012
Turnover	2,337,145	1,647,898	1,891,153	1,159,988	1,269,748	1,889,815	3,049,643	1,273,748	2,390,650	1,205,149	1,612,734	121,622	854,671
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,514,129	1,165,015	1,314,437	813,401	881,834	1,320,211	2,045,148	883,089	1,648,864	823,942	1,091,305	81,786	574,686
Gross Profit	823,016	482,884	576,717	346,587	387,914	569,604	1,004,495	390,659	741,786	381,207	521,429	39,835	279,985
Admin Expenses	833,819	384,547	-114,969	229,352	295,069	648,644	1,049,910	455,751	610,830	341,613	433,010	-25,111	243,612
Operating Profit	-10,803	98,337	691,686	117,235	92,845	-79,040	-45,415	-65,092	130,956	39,594	88,419	64,946	36,373
Interest Payable	2,788	3,846	3,202	3,025	1,525	0	0	0	0	0	5,839	9,514	3,675
Interest Receivable	23,034	23,420	3,987	195	148	454	159	338	919	751	509	159	64
Pre-Tax Profit	9,443	117,911	692,470	114,405	91,468	-78,586	-45,256	-64,754	131,875	40,345	83,090	55,592	32,762
Tax	-2,361	-29,478	-131,569	-21,737	-17,379	0	0	0	-26,375	-8,069	-17,449	-12,786	-7,863
Profit After Tax	7,082	88,433	560,901	92,668	74,089	-78,586	-45,256	-64,754	105,500	32,276	65,641	42,806	24,899
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,082	88,433	560,901	92,668	74,089	-78,586	-45,256	-64,754	105,500	32,276	65,641	42,806	24,899
Employee Costs	115,853	82,191	63,140	83,065	73,774	97,292	688,356	268,198	490,665	287,980	301,778	39,478	195,109
Number Of Employees	3	3	3	3	3	3	20	8	13	7	8	1	5
EBITDA*	47,238	116,425	711,398	131,815	108,093	-55,769	-20,614	-40,822	150,054	46,107	88,419	71,261	37,311

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Apr 2012
Tangible Assets	173,746	103,621	58,414	14,300	21,606	36,481	67,330	52,994	59,827	5,578	11,596	13,870	15,785
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	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	179,651	0
Total Fixed Assets	173,746	103,621	58,414	14,300	21,606	36,481	67,330	52,994	59,827	5,578	11,596	193,521	15,785
Stock & work in progress	20,459	10,300	21,110	12,200	7,000	169,000	10,000	210,280	3,000	100,000	4,000	0	0
Trade Debtors	530,492	457,928	548,292	303,312	293,314	322,431	601,060	156,855	389,019	141,031	290,757	15,595	96,657
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	172,005	145,411	124,458	88,169	15,309	0	0	0	0	0	0	0	0
Cash	433,948	487,393	449,387	188,461	200,970	95,446	25,673	38,031	232,573	134,843	165,485	38,241	25,534
misc current assets	0	0	0	0	0	0	0	0	0	0	4,257	0	0
total current assets	1,156,904	1,101,032	1,143,247	592,142	516,593	586,877	636,733	405,166	624,592	375,874	464,499	53,836	122,191
total assets	1,330,650	1,204,653	1,201,661	606,442	538,199	623,358	704,063	458,160	684,419	381,452	476,095	247,357	137,976
Bank overdraft	10,000	10,000	10,000	10,000	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	325,293	202,141	237,794	259,654	211,864	398,690	505,418	180,612	413,287	215,820	300,053	0	0
Group/Directors Accounts	0	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	179,651	113,076
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	77,133	70,536	104,145	31,633	95,944	110,557	0	71,170	0	0	0	0	0
total current liabilities	412,426	282,677	351,939	301,287	307,808	509,247	505,418	251,782	413,287	215,820	300,053	179,651	113,076
loans	9,925	20,759	29,167	39,167	50,000	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	42,686	0	0
other liabilities	2,590	2,590	10,361	16,695	23,766	31,575	37,523	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	12,515	23,349	39,528	55,862	73,766	31,575	37,523	0	0	0	42,686	0	0
total liabilities	424,941	306,026	391,467	357,149	381,574	540,822	542,941	251,782	413,287	215,820	342,739	179,651	113,076
net assets	905,709	898,627	810,194	249,293	156,625	82,536	161,122	206,378	271,132	165,632	133,356	67,706	24,900
total shareholders funds	905,709	898,627	810,194	249,293	156,625	82,536	161,122	206,378	271,132	165,632	133,356	67,706	24,900

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Apr 2012
Operating Activities
Operating Profit	-10,803	98,337	691,686	117,235	92,845	-79,040	-45,415	-65,092	130,956	39,594	88,419	64,946	36,373
Depreciation	58,041	18,088	19,712	14,580	15,248	23,271	24,801	24,270	19,098	6,513	0	6,315	938
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,361	-29,478	-131,569	-21,737	-17,379	0	0	0	-26,375	-8,069	-17,449	-12,786	-7,863
Stock	10,159	-10,810	8,910	5,200	-162,000	159,000	-200,280	207,280	-97,000	96,000	4,000	0	0
Debtors	99,158	-69,411	281,269	82,858	-13,808	-278,629	444,205	-232,164	247,988	-149,726	95,511	98,589	96,657
Creditors	123,152	-35,653	-21,860	47,790	-186,826	-106,728	324,806	-232,675	197,467	-84,233	300,053	0	0
Accruals and Deferred Income	6,597	-33,609	72,512	-64,311	-14,613	110,557	-71,170	71,170	0	-42,686	42,686	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	65,309	97,906	340,302	5,499	65,083	67,689	-10,903	-177,443	170,158	-35,155	314,198	-40,114	-67,209
Investing Activities
capital expenditure	-128,166	-63,295	-63,826	-7,274	-373	7,578	-39,137	-17,437	-73,347	-495	2,274	-4,400	-16,723
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-128,166	-63,295	-63,826	-7,274	-373	7,578	-39,137	-17,437	-73,347	-495	2,274	-4,400	-16,723
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	-179,651	66,575	113,076
Long term loans	-10,834	-8,408	-10,000	-10,833	50,000	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	-7,771	-6,334	-7,071	-7,809	-5,948	37,523	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	9	0	1
interest	20,246	19,574	785	-2,830	-1,377	454	159	338	919	751	-5,330	-9,355	-3,611
cash flow from financing	9,412	3,395	-15,549	-20,734	40,814	-5,494	37,682	338	919	751	-184,972	57,220	109,466
cash and cash equivalents
cash	-53,445	38,006	260,926	-12,509	105,524	69,773	-12,358	-194,542	97,730	-30,642	127,244	12,707	25,534
overdraft	0	0	0	10,000	0	0	0	0	0	0	0	0	0
change in cash	-53,445	38,006	260,926	-22,509	105,524	69,773	-12,358	-194,542	97,730	-30,642	127,244	12,707	25,534

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIKE THELWELL FLOORING LTD. group structure

Mike Thelwell Flooring Ltd. has no subsidiary companies.

Ultimate parent company

MIKE THELWELL FLOORING LTD.

07617309

MIKE THELWELL FLOORING LTD. Shareholders

michael thelwell	50%
linda thelwell	50%

Mike Thelwell Flooring Ltd. currently has 2 directors. The longest serving directors include Mr Michael Thelwell (Apr 2011) and Mrs Linda Thelwell (Jul 2013).

officer	country	age	start	end	role
Mr Michael Thelwell	United Kingdom	39 years	Apr 2011	-	Director
Mrs Linda Thelwell	England	40 years	Jul 2013	-	Director

P&L

June 2024

turnover

2.3m

+42%

operating profit

-10.8k

gross margin

35.3%

+20.17%

turnover

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

Balance Sheet

June 2024

net assets

905.7k

+0.01%

total assets

1.3m

+0.1%

cash

433.9k

-0.11%

net assets

Total assets minus all liabilities

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company number

07617309

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

incorporation date

April 2011

ultimate parent company

None

previous names

N/A

address

unit 27, canal bridge enterprise centre, ellesmere port, cheshire, CH65 4EH

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.

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mike thelwell flooring ltd. Company Information

mike thelwell flooring ltd. Estimated Valuation

mike thelwell flooring ltd. Estimated Valuation

mike thelwell flooring ltd. Estimated Valuation

Mike Thelwell Flooring Ltd. Overview

Mike Thelwell Flooring Ltd. Health Check

MIKE THELWELL FLOORING LTD. financials

mike thelwell flooring ltd. Credit Report and Business Information

Mike Thelwell Flooring Ltd. Competitor Analysis

mike thelwell flooring ltd. Ownership

mike thelwell flooring ltd. directors

mike thelwell flooring ltd. company details

mike thelwell flooring ltd. Charges & Mortgages

mike thelwell flooring ltd. Companies House Filings - See Documents