Millgap Limited

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millgap limited Company Information

Live

EstablishedSmallDeclining

Company Number

07844527

Next Accounts

Dec 2024

Industry

Management of real estate on a fee or contract basis

Directors

Chris Philp

Shareholders

chris ian philp

Group Structure

View All

Contact

Registered Address

15-19 cavendish place, 2nd floor, london, W1G 0DD

Website

millgap limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of MILLGAP LIMITED at £1.4m based on a Turnover of £803.4k and 1.69x industry multiple (adjusted for size and gross margin).

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Millgap Limited is a live company located in london, W1G 0DD with a Companies House number of 07844527. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in November 2011, it's largest shareholder is chris ian philp with a 100% stake. Millgap Limited is a established, small sized company, Pomanda has estimated its turnover at £803.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Millgap Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £803.4k, make it smaller than the average company (£1m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.8%)

EXPORT

Millgap Limited's latest turnover from March 2023 is estimated at £803.4 thousand and the company has net assets of £207.8 thousand. According to their latest financial statements, we estimate that Millgap Limited has 4 employees 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	803,370	733,438	875,451	982,235	970,176	865,710	732,962	95,593	197,214	245,377	398,065	325,846
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	699,951	644,326	786,604	868,236	844,500	745,371	622,344	78,441	168,203	212,125	353,352	289,064
Gross Profit	103,419	89,112	88,848	113,999	125,676	120,339	110,619	17,152	29,011	33,252	44,713	36,782
Admin Expenses	104,557	113,212	32,295	114,789	114,261	91,187	104,337	-3,804	54,322	-57,271	57,070	-97,916
Operating Profit	-1,138	-24,100	56,553	-790	11,415	29,152	6,282	20,956	-25,311	90,523	-12,357	134,698
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	191	718	471	323	210	23
Pre-Tax Profit	-1,138	-24,100	56,553	-790	11,415	29,152	6,474	21,674	-24,840	90,847	-12,147	134,720
Tax	0	0	-10,745	0	-2,169	-5,539	-1,295	-4,335	0	-20,895	0	-35,027
Profit After Tax	-1,138	-24,100	45,808	-790	9,246	23,613	5,179	17,339	-24,840	69,952	-12,147	99,693
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,138	-24,100	45,808	-790	9,246	23,613	5,179	17,339	-24,840	69,952	-12,147	99,693
Employee Costs	162,500	152,889	182,124	175,260	138,348	135,474	135,060	35,521	33,080	32,792	63,288	63,901
Number Of Employees	4	4	5	5	4	4	4	1	1	1	2	2
EBITDA*	-1,138	-24,100	56,553	-790	11,415	29,152	6,282	21,035	-25,205	90,663	-12,169	134,948

* 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	18	23	31	42	56	74	118	237	316	422	562	750
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	18	23	31	42	56	74	118	237	316	422	562	750
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	297,689	298,589	332,709	335,908	337,748	305,157	275,865	4,487	0	62,604	95,352	109,700
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	153,184	134,106	54,463	74,899	9,098
misc current assets	0	0	0	0	0	0	0	81,875	81,875	112,183	30,120	9,302
total current assets	297,689	298,589	332,709	335,908	337,748	305,157	275,865	239,546	215,981	229,250	200,371	128,100
total assets	297,707	298,612	332,740	335,950	337,804	305,231	275,983	239,783	216,297	229,672	200,933	128,850
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	89,892	89,659	99,687	148,705	149,769	126,442	120,807	89,686	83,539	72,074	113,287	29,057
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	89,892	89,659	99,687	148,705	149,769	126,442	120,807	89,686	83,539	72,074	113,287	29,057
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	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	89,892	89,659	99,687	148,705	149,769	126,442	120,807	89,686	83,539	72,074	113,287	29,057
net assets	207,815	208,953	233,053	187,245	188,035	178,789	155,176	150,097	132,758	157,598	87,646	99,793
total shareholders funds	207,815	208,953	233,053	187,245	188,035	178,789	155,176	150,097	132,758	157,598	87,646	99,793

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	-1,138	-24,100	56,553	-790	11,415	29,152	6,282	20,956	-25,311	90,523	-12,357	134,698
Depreciation	0	0	0	0	0	0	0	79	106	140	188	250
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-10,745	0	-2,169	-5,539	-1,295	-4,335	0	-20,895	0	-35,027
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-900	-34,120	-3,199	-1,840	32,591	29,292	271,378	4,487	-62,604	-32,748	-14,348	109,700
Creditors	233	-10,028	-49,018	-1,064	23,327	5,635	31,121	6,147	11,465	-41,213	84,230	29,057
Accruals and Deferred Income	0	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
Cash flow from operations	-5	-8	-11	-14	-18	-44	-235,270	18,360	48,864	61,303	86,409	19,278
Investing Activities
capital expenditure	5	8	11	14	18	44	119	0	0	0	0	-1,000
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	5	8	11	14	18	44	119	0	0	0	0	-1,000
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	-100	0	0	0	0	100
interest	0	0	0	0	0	0	191	718	471	323	210	23
cash flow from financing	0	0	0	0	0	0	91	718	471	323	210	123
cash and cash equivalents
cash	0	0	0	0	0	0	-153,184	19,078	79,643	-20,436	65,801	9,098
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-153,184	19,078	79,643	-20,436	65,801	9,098

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 millgap limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W1G area or any other competitors across 12 key performance metrics.

MILLGAP LIMITED group structure

Millgap Limited has no subsidiary companies.

Ultimate parent company

MILLGAP LIMITED

07844527

MILLGAP LIMITED Shareholders

chris ian philp

100%

Millgap Limited currently has 1 director, Mr Chris Philp serving since Nov 2011.

officer	country	age	start	end	role
Mr Chris Philp	England	48 years	Nov 2011	-	Director

P&L

March 2023

turnover

803.4k

+10%

operating profit

-1.1k

gross margin

12.9%

+5.95%

turnover

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

Balance Sheet

March 2023

net assets

207.8k

-0.01%

total assets

297.7k

cash

net assets

Total assets minus all liabilities

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company number

07844527

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

November 2011

ultimate parent company

None

previous names

N/A

address

15-19 cavendish place, 2nd floor, london, W1G 0DD

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 millgap limited.

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millgap limited Company Information

millgap limited Estimated Valuation

millgap limited Estimated Valuation

millgap limited Estimated Valuation

Millgap Limited Overview

Millgap Limited Health Check

MILLGAP LIMITED financials

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