mi-generation limited
mi-generation limited Company Information
Company Number
08000061
Website
-Registered Address
c/o lameys, first floor, envoy h, longbridge road, plymouth, devon, PL6 8LU
Industry
Plumbing, heat and air-conditioning installation
Telephone
-
Next Accounts Due
2359 days late
Group Structure
View All
Directors
John Black12 Years
Shareholders
john anthony black 47.5%
amaze developments limited 25%
View Allmi-generation limited Estimated Valuation
Pomanda estimates the enterprise value of MI-GENERATION LIMITED at £1.3m based on a Turnover of £3.5m and 0.37x industry multiple (adjusted for size and gross margin).
mi-generation limited Estimated Valuation
Pomanda estimates the enterprise value of MI-GENERATION LIMITED at £0 based on an EBITDA of £-934.9k and a 4.21x industry multiple (adjusted for size and gross margin).
mi-generation limited Estimated Valuation
Pomanda estimates the enterprise value of MI-GENERATION LIMITED at £0 based on Net Assets of £-416k and 3.25x industry multiple (adjusted for liquidity).
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Mi-generation Limited Overview
Mi-generation Limited is a live company located in plymouth, PL6 8LU with a Companies House number of 08000061. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in March 2012, it's largest shareholder is john anthony black with a 47.5% stake. Mi-generation Limited is a established, small sized company, Pomanda has estimated its turnover at £3.5m with healthy growth in recent years.
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Mi-generation Limited Health Check
Pomanda's financial health check has awarded Mi-Generation Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £3.5m, make it larger than the average company (£235.1k)
- Mi-generation Limited
£235.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3.8%)
- Mi-generation Limited
3.8% - Industry AVG
Production
with a gross margin of 21.5%, this company has a higher cost of product (35.7%)
- Mi-generation Limited
35.7% - Industry AVG
Profitability
an operating margin of -35.1% make it less profitable than the average company (9.4%)
- Mi-generation Limited
9.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (44)
- Mi-generation Limited
44 - Industry AVG
Pay Structure
on an average salary of £35.5k, the company has an equivalent pay structure (£35.5k)
- Mi-generation Limited
£35.5k - Industry AVG
Efficiency
resulting in sales per employee of £230.6k, this is more efficient (£124k)
- Mi-generation Limited
£124k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (43 days)
- Mi-generation Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 248 days, this is slower than average (47 days)
- Mi-generation Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 21 days, this is more than average (11 days)
- Mi-generation Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Mi-generation Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 122%, this is a higher level of debt than the average (73.1%)
122% - Mi-generation Limited
73.1% - Industry AVG
MI-GENERATION LIMITED financials
Mi-Generation Limited's latest turnover from March 2016 is estimated at £3.5 million and the company has net assets of -£416 thousand. According to their latest financial statements, we estimate that Mi-Generation Limited has 15 employees and maintains cash reserves of £133 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2016 | Nov 2014 | Nov 2013 | Dec 2012 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2016 | Nov 2014 | Nov 2013 | Dec 2012 | |
|---|---|---|---|---|
| Tangible Assets | 1,277,355 | 1,416,337 | 771,599 | 270,166 |
| Intangible Assets | 250 | 250 | 250 | 0 |
| Investments & Other | 0 | 0 | 100,000 | 100,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,277,605 | 1,416,587 | 871,849 | 370,166 |
| Stock & work in progress | 159,777 | 281,973 | 89,661 | 76,087 |
| Trade Debtors | 450,305 | 757,910 | 579,467 | 154,901 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 133 | 4,156 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 610,215 | 1,044,039 | 669,128 | 230,988 |
| total assets | 1,887,820 | 2,460,626 | 1,540,977 | 601,154 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,850,034 | 1,280,926 | 606,331 | 502,604 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 1,850,034 | 1,280,926 | 606,331 | 502,604 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 136,730 | 150,911 | 106,826 | 0 |
| other liabilities | 317,080 | 295,594 | 302,882 | 0 |
| provisions | 0 | 78,905 | 30,874 | 7,068 |
| total long term liabilities | 453,810 | 525,410 | 440,582 | 7,068 |
| total liabilities | 2,303,844 | 1,806,336 | 1,046,913 | 509,672 |
| net assets | -416,024 | 654,290 | 494,064 | 91,482 |
| total shareholders funds | -416,024 | 654,290 | 494,064 | 91,482 |
| Mar 2016 | Nov 2014 | Nov 2013 | Dec 2012 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 281,223 | 89,163 | 51,592 | |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 159,777 | 192,312 | 13,574 | 76,087 |
| Debtors | 450,305 | 178,443 | 424,566 | 154,901 |
| Creditors | 1,850,034 | 674,595 | 103,727 | 502,604 |
| Accruals and Deferred Income | 136,730 | 44,085 | 106,826 | 0 |
| Deferred Taxes & Provisions | 0 | 48,031 | 23,806 | 7,068 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | -100,000 | 0 | 100,000 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 317,080 | -7,288 | 302,882 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 133 | 4,156 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 133 | 4,156 | 0 | 0 |
mi-generation limited Credit Report and Business Information
Mi-generation Limited Competitor Analysis
Perform a competitor analysis for mi-generation limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mi-generation limited Ownership
MI-GENERATION LIMITED group structure
Mi-Generation Limited has no subsidiary companies.
Ultimate parent company
MI-GENERATION LIMITED
08000061
mi-generation limited directors
Mi-Generation Limited currently has 1 director, Mr John Black serving since Mar 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Black | England | 65 years | Mar 2012 | - | Director |
P&L
March 2016turnover
3.5m
0%
operating profit
-1.2m
0%
gross margin
21.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2016net assets
-416k
0%
total assets
1.9m
0%
cash
133
0%
net assets
Total assets minus all liabilities
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mi-generation limited company details
company number
08000061
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
March 2012
age
12
accounts
Total Exemption Small
ultimate parent company
previous names
mi-generation consultancy limited (October 2013)
incorporated
UK
address
c/o lameys, first floor, envoy h, longbridge road, plymouth, devon, PL6 8LU
last accounts submitted
March 2016
mi-generation 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 did not find charges/mortgages relating to mi-generation limited.
mi-generation limited Companies House Filings - See Documents
| date | description | view/download |
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