Optimill Ltd

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optimill ltd Company Information

Company Number

08119545

Next Accounts

Mar 2025

Directors

Stephen Coates

Kathleen Coates

Shareholders

stephen michael coates

kathleen anne coates

Group Structure

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Industry

Machining

Registered Address

73 albert road, colne, lancashire, BB8 0BP

Website

www.optimill-ltd.co.uk

optimill ltd Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of OPTIMILL LTD at £1.4m based on Net Assets of £823.6k and 1.71x industry multiple (adjusted for liquidity).

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Optimill Ltd is a live company located in lancashire, BB8 0BP with a Companies House number of 08119545. It operates in the machining sector, SIC Code 25620. Founded in June 2012, it's largest shareholder is stephen michael coates with a 58% stake. Optimill Ltd is a established, small sized company, Pomanda has estimated its turnover at £1m with healthy growth in recent years.

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

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1m, make it smaller than the average company (£9.8m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.4%)

EXPORT

Optimill Ltd's latest turnover from June 2023 is estimated at £1 million and the company has net assets of £823.6 thousand. According to their latest financial statements, Optimill Ltd has 14 employees and maintains cash reserves of £586.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013
Turnover	1,019,563	893,914	865,991	697,311	752,108	724,813	521,425	420,757	286,570	257,316	155,955
Other Income Or Grants
Cost Of Sales	835,284	746,585	720,159	564,769	612,676	578,897	412,798	325,491	221,391	199,841	121,407
Gross Profit	184,279	147,329	145,832	132,542	139,433	145,916	108,627	95,266	65,179	57,475	34,548
Admin Expenses	-130,607	129,494	-191,210	18,422	104,242	55,613	78,740	66,942	28,713	24,021	55,406
Operating Profit	314,886	17,835	337,042	114,120	35,191	90,303	29,887	28,324	36,466	33,454	-20,858
Interest Payable
Interest Receivable	25,482	5,329	256	59	305	220	58	50	18	4	4
Pre-Tax Profit	340,368	23,164	337,298	114,179	35,496	90,522	29,946	28,374	36,484	33,458	-20,854
Tax	-85,092	-4,401	-64,087	-21,694	-6,744	-17,199	-5,690	-5,675	-7,297	-7,026
Profit After Tax	255,276	18,763	273,211	92,485	28,752	73,323	24,256	22,699	29,187	26,432	-20,854
Dividends Paid
Retained Profit	255,276	18,763	273,211	92,485	28,752	73,323	24,256	22,699	29,187	26,432	-20,854
Employee Costs	613,739	552,573	444,393	488,825	460,364	411,688	335,054	280,963	69,777	69,271	34,382
Number Of Employees	14	13	11	12	12	11	9	8	2	2	1
EBITDA*	397,324	127,044	408,811	199,087	132,931	207,775	138,237	92,960	91,335	73,756	1,712

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013
Tangible Assets	301,573	381,514	369,030	153,216	233,237	300,283	447,338	303,943	219,579	184,733	209,663
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	301,573	381,514	369,030	153,216	233,237	300,283	447,338	303,943	219,579	184,733	209,663
Stock & work in progress	129,630	98,500	54,604	41,290	44,676	54,000	50,000	30,000	20,500	500	500
Trade Debtors	231,373	196,282	272,969	171,620	177,946	156,131	60,063	50,125	45,177	53,679	18,552
Group Debtors
Misc Debtors
Cash	586,764	432,524	420,175	90,828	27,384	53,966	33,889	12,797	7,197		1,597
misc current assets
total current assets	947,767	727,306	747,748	303,738	250,006	264,097	143,952	92,922	72,874	54,179	20,649
total assets	1,249,340	1,108,820	1,116,778	456,954	483,243	564,380	591,290	396,865	292,453	238,912	230,312
Bank overdraft
Bank loan
Trade Creditors	332,440	310,204	213,442	153,669	252,618	283,849	269,208	181,038	158,542	134,204	104,191
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	332,440	310,204	213,442	153,669	252,618	283,849	269,208	181,038	158,542	134,204	104,191
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	40,625	163,450	290,551	8,087	12,708	80,887	204,473	126,053	86,249	93,008	146,924
provisions	52,645	66,812	63,194	18,818	34,022	44,501	35,789	32,210	12,797	6,022
total long term liabilities	93,270	230,262	353,745	26,905	46,730	125,388	240,262	158,263	99,046	99,030	146,924
total liabilities	425,710	540,466	567,187	180,574	299,348	409,237	509,470	339,301	257,588	233,234	251,115
net assets	823,630	568,354	549,591	276,380	183,895	155,143	81,820	57,564	34,865	5,678	-20,803
total shareholders funds	823,630	568,354	549,591	276,380	183,895	155,143	81,820	57,564	34,865	5,678	-20,803

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013
Operating Activities
Operating Profit	314,886	17,835	337,042	114,120	35,191	90,303	29,887	28,324	36,466	33,454	-20,858
Depreciation	82,438	109,209	71,769	84,967	97,740	117,472	108,350	64,636	54,869	40,302	22,570
Amortisation
Tax	-85,092	-4,401	-64,087	-21,694	-6,744	-17,199	-5,690	-5,675	-7,297	-7,026
Stock	31,130	43,896	13,314	-3,386	-9,324	4,000	20,000	9,500	20,000		500
Debtors	35,091	-76,687	101,349	-6,326	21,815	96,068	9,938	4,948	-8,502	35,127	18,552
Creditors	22,236	96,762	59,773	-98,949	-31,231	14,641	88,170	22,496	24,338	30,013	104,191
Accruals and Deferred Income
Deferred Taxes & Provisions	-14,167	3,618	44,376	-15,204	-10,479	8,712	3,579	19,413	6,775	6,022
Cash flow from operations	254,080	255,814	334,210	72,952	71,986	113,861	194,358	114,746	103,653	67,638	86,851
Investing Activities
capital expenditure	-2,497	-121,693	-287,583	-4,946	-30,694	29,583	-251,745	-149,000	-89,715	-15,372	-232,233
Change in Investments
cash flow from investments	-2,497	-121,693	-287,583	-4,946	-30,694	29,583	-251,745	-149,000	-89,715	-15,372	-232,233
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-122,825	-127,101	282,464	-4,621	-68,179	-123,586	78,420	39,804	-6,759	-53,916	146,924
share issue										49	51
interest	25,482	5,329	256	59	305	220	58	50	18	4	4
cash flow from financing	-97,343	-121,772	282,720	-4,562	-67,874	-123,366	78,478	39,854	-6,741	-53,863	146,979
cash and cash equivalents
cash	154,240	12,349	329,347	63,444	-26,582	20,077	21,092	5,600	7,197	-1,597	1,597
overdraft
change in cash	154,240	12,349	329,347	63,444	-26,582	20,077	21,092	5,600	7,197	-1,597	1,597

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPTIMILL LTD group structure

Optimill Ltd has no subsidiary companies.

Ultimate parent company

OPTIMILL LTD

08119545

OPTIMILL LTD Shareholders

stephen michael coates	58%
kathleen anne coates	42%

Optimill Ltd currently has 2 directors. The longest serving directors include Mr Stephen Coates (Jun 2012) and Mrs Kathleen Coates (Jul 2013).

officer	country	age	start	end	role
Mr Stephen Coates	England	63 years	Jun 2012	-	Director
Mrs Kathleen Coates	England	58 years	Jul 2013	-	Director

P&L

June 2023

turnover

+14%

operating profit

314.9k

gross margin

18.1%

+9.67%

turnover

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

Balance Sheet

June 2023

net assets

823.6k

+0.45%

total assets

1.2m

+0.13%

cash

586.8k

+0.36%

net assets

Total assets minus all liabilities

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company number

08119545

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

June 2012

ultimate parent company

None

previous names

N/A

address

73 albert road, colne, lancashire, BB8 0BP

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 1 charges/mortgages relating to optimill ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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optimill ltd Company Information

optimill ltd Estimated Valuation

optimill ltd Estimated Valuation

optimill ltd Estimated Valuation

Optimill Ltd Overview

Optimill Ltd Health Check

OPTIMILL LTD financials

optimill ltd Credit Report and Business Information

Optimill Ltd Competitor Analysis

optimill ltd Ownership

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optimill ltd company details

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optimill ltd Companies House Filings - See Documents