millicom services uk limited
millicom services uk limited Company Information
Company Number
08330497
Website
www.millicom.comRegistered Address
610 chiswick high road, 2nd floor, london, W4 5RU
Industry
Other business support service activities n.e.c.
Telephone
02032492100
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
millicom international cellular sa 100%
millicom services uk limited Estimated Valuation
Pomanda estimates the enterprise value of MILLICOM SERVICES UK LIMITED at £1m based on a Turnover of £1.8m and 0.57x industry multiple (adjusted for size and gross margin).
millicom services uk limited Estimated Valuation
Pomanda estimates the enterprise value of MILLICOM SERVICES UK LIMITED at £2.1m based on an EBITDA of £458.7k and a 4.5x industry multiple (adjusted for size and gross margin).
millicom services uk limited Estimated Valuation
Pomanda estimates the enterprise value of MILLICOM SERVICES UK LIMITED at £629.6k based on Net Assets of £1.2m and 0.52x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Millicom Services Uk Limited Overview
Millicom Services Uk Limited is a live company located in london, W4 5RU with a Companies House number of 08330497. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2012, it's largest shareholder is millicom international cellular sa with a 100% stake. Millicom Services Uk Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.
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Millicom Services Uk Limited Health Check
Pomanda's financial health check has awarded Millicom Services Uk Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£4.2m)
£1.8m - Millicom Services Uk Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (5.9%)
-34% - Millicom Services Uk Limited
5.9% - Industry AVG
Production
with a gross margin of 37.1%, this company has a comparable cost of product (37.1%)
37.1% - Millicom Services Uk Limited
37.1% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (5.7%)
-3.5% - Millicom Services Uk Limited
5.7% - Industry AVG
Employees
with 12 employees, this is below the industry average (24)
- Millicom Services Uk Limited
24 - Industry AVG
Pay Structure
on an average salary of £52.3k, the company has an equivalent pay structure (£51.1k)
- Millicom Services Uk Limited
£51.1k - Industry AVG
Efficiency
resulting in sales per employee of £148k, this is equally as efficient (£160.7k)
- Millicom Services Uk Limited
£160.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Millicom Services Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 148 days, this is slower than average (32 days)
148 days - Millicom Services Uk Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Millicom Services Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (24 weeks)
14 weeks - Millicom Services Uk Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.1%, this is a higher level of debt than the average (61.7%)
83.1% - Millicom Services Uk Limited
61.7% - Industry AVG
MILLICOM SERVICES UK LIMITED financials
Millicom Services Uk Limited's latest turnover from December 2023 is £1.8 million and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Millicom Services Uk Limited has 12 employees and maintains cash reserves of £783.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,776,492 | 7,577,787 | 6,158,528 | 6,220,766 | 15,497,288 | 21,104,029 | 21,691,195 | 26,999,146 | 41,497,674 | 40,894,919 | 7,958,031 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | -61,378 | 359,695 | 673,984 | 667,832 | 941,986 | 709,385 | 1,229,969 | 1,554,123 | 2,730,669 | 2,129,140 | 441,235 |
| Interest Payable | 194,270 | 236,152 | 277,330 | 314,149 | 0 | 0 | 0 | 0 | 0 | 0 | 105 |
| Interest Receivable | 12,517 | 4,115 | 0 | 1,838 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -242,589 | 94,080 | 347,096 | 359,843 | 639,438 | 662,869 | 1,258,316 | 1,473,955 | 2,692,676 | 2,129,140 | 441,130 |
| Tax | 74,783 | -82,966 | -355 | -521,424 | 147,472 | -977,379 | -289,315 | -794,760 | -739,146 | -723,216 | -160,013 |
| Profit After Tax | -167,806 | 11,114 | 346,741 | -161,581 | 786,910 | -314,510 | 969,001 | 679,195 | 1,953,530 | 1,405,924 | 281,117 |
| Dividends Paid | 0 | 0 | 1,500,000 | 4,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -167,806 | 11,114 | -1,153,259 | -4,161,581 | -1,213,090 | -3,314,510 | -3,030,999 | 679,195 | 1,953,530 | 1,405,924 | 281,117 |
| Employee Costs | 627,790 | 4,931,156 | 3,878,489 | 3,884,825 | 11,613,023 | 16,783,049 | 16,515,925 | 19,708,764 | 20,279,678 | 20,136,152 | 4,381,090 |
| Number Of Employees | 2 | 4 | 5 | 9 | 38 | 65 | 85 | 121 | 26 | ||
| EBITDA* | 458,710 | 1,096,377 | 1,497,772 | 1,560,807 | 1,094,012 | 918,589 | 1,477,477 | 1,554,123 | 2,991,167 | 2,332,601 | 510,893 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 67 | 67 | 3,112,064 | 4,137,537 | 6,794,629 | 792,202 | 1,689,409 | 901,749 | 788,086 | 754,729 | 828,128 |
| Intangible Assets | 1,291,980 | 1,721,949 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 508,249 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,292,047 | 1,722,016 | 3,112,064 | 4,137,537 | 6,794,629 | 792,202 | 1,689,409 | 901,749 | 788,086 | 754,729 | 828,128 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 126,828 | 0 | 0 | 0 |
| Group Debtors | 4,489,596 | 5,257,076 | 8,378,121 | 7,143,692 | 10,146,603 | 11,401,559 | 14,663,988 | 18,052,656 | 23,169,531 | 44,612,662 | 0 |
| Misc Debtors | 581,807 | 1,130,636 | 743,235 | 828,006 | 1,488,628 | 923,974 | 699,550 | 512,462 | 79,929 | 262,754 | 221,439 |
| Cash | 783,425 | 3,308,869 | 697,669 | 1,389,912 | 629,870 | 577,486 | 369,103 | 62,036 | 954,539 | 5,323,628 | 618,637 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,854,828 | 9,696,581 | 9,819,025 | 9,361,610 | 12,265,101 | 12,903,019 | 15,732,641 | 18,753,982 | 24,203,999 | 50,199,044 | 840,076 |
| total assets | 7,146,875 | 11,418,597 | 12,931,089 | 13,499,147 | 19,059,730 | 13,695,221 | 17,422,050 | 19,655,731 | 24,992,085 | 50,953,773 | 1,668,204 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 455,830 | 528,293 | 2,307,730 | 1,210,565 | 25,981 | 96,894 | 170,948 | 279,252 | 215,238 | 851,868 | 355,991 |
| Group/Directors Accounts | 612,321 | 305,388 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,157 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,752,033 | 1,685,399 | 926,484 | 887,854 | 949,564 | 131,311 | 131,311 | 179,782 | 0 | 0 | 0 |
| other current liabilities | 22,501 | 1,276,629 | 2,742,614 | 2,764,585 | 4,815,102 | 8,627,434 | 11,844,538 | 13,303,288 | 19,272,783 | 48,519,593 | 953,260 |
| total current liabilities | 2,842,685 | 3,795,709 | 5,976,828 | 4,863,004 | 5,790,647 | 8,855,639 | 12,146,797 | 13,762,322 | 19,488,021 | 49,371,461 | 1,347,408 |
| loans | 0 | 0 | 9,816,961 | 12,079,144 | 15,718,424 | 2,921,332 | 2,991,140 | 3,156,822 | 0 | 0 | 0 |
| hp & lease commitments | 2,834,989 | 3,843,409 | 4,825,963 | 6,039,572 | 7,859,212 | 1,460,666 | 1,495,570 | 1,578,411 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 213,075 | 154,074 | 0 | 0 | 0 | 0 | 0 | 0 | 1,923,772 | 0 | 0 |
| provisions | 50,000 | 50,000 | 100,000 | 0 | 0 | 0 | 1,000,170 | 2,381,976 | 9,544 | 0 | 39,678 |
| total long term liabilities | 3,098,064 | 4,047,483 | 5,040,998 | 6,039,572 | 7,859,212 | 1,460,666 | 1,995,655 | 2,769,399 | 1,928,544 | 0 | 39,678 |
| total liabilities | 5,940,749 | 7,843,192 | 11,017,826 | 10,902,576 | 13,649,859 | 10,316,305 | 14,142,452 | 16,531,721 | 21,416,565 | 49,371,461 | 1,387,086 |
| net assets | 1,206,126 | 3,575,405 | 1,913,263 | 2,596,571 | 5,409,871 | 3,378,916 | 3,279,598 | 3,124,010 | 3,575,520 | 1,582,312 | 281,118 |
| total shareholders funds | 1,206,126 | 3,575,405 | 1,913,263 | 2,596,571 | 5,409,871 | 3,378,916 | 3,279,598 | 3,124,010 | 3,575,520 | 1,582,312 | 281,118 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -61,378 | 359,695 | 673,984 | 667,832 | 941,986 | 709,385 | 1,229,969 | 1,554,123 | 2,730,669 | 2,129,140 | 441,235 |
| Depreciation | 0 | 66,338 | 823,788 | 892,975 | 152,026 | 209,204 | 247,508 | 0 | 260,498 | 203,461 | 69,658 |
| Amortisation | 520,088 | 670,344 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 74,783 | -82,966 | -355 | -521,424 | 147,472 | -977,379 | -289,315 | -794,760 | -739,146 | -723,216 | -160,013 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,316,309 | -2,733,644 | 1,149,658 | -4,171,782 | -182,053 | -3,038,005 | -3,328,408 | -4,557,514 | -21,625,956 | 44,653,977 | 221,439 |
| Creditors | -72,463 | -1,779,437 | 1,097,165 | 1,184,584 | -70,913 | -74,054 | -108,304 | 64,014 | -636,630 | 495,877 | 355,991 |
| Accruals and Deferred Income | -1,254,128 | -1,465,985 | -21,971 | -2,050,517 | -3,812,332 | -3,217,104 | -1,458,750 | -5,969,495 | -29,246,810 | 47,566,333 | 953,260 |
| Deferred Taxes & Provisions | 0 | -50,000 | 100,000 | 0 | 0 | -1,000,170 | -1,381,806 | 2,372,432 | 9,544 | -39,678 | 39,678 |
| Cash flow from operations | 523,211 | 451,633 | 1,522,953 | 4,345,232 | -2,459,708 | -1,312,113 | 1,567,710 | 1,783,828 | -5,995,919 | 1,478,370 | |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100 | 100 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 306,933 | 305,388 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -38,157 | 38,157 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -9,816,961 | -2,262,183 | -3,639,280 | 12,797,092 | -69,808 | -165,682 | 3,156,822 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -941,786 | -223,639 | -1,174,979 | -1,881,350 | 7,216,799 | -34,904 | -131,312 | 1,758,193 | 0 | 0 | 0 |
| other long term liabilities | 59,001 | 154,074 | 0 | 0 | 0 | 0 | 0 | -1,923,772 | 1,923,772 | 0 | 0 |
| share issue | |||||||||||
| interest | -181,753 | -232,037 | -277,330 | -312,311 | 0 | 0 | 0 | 0 | 0 | 0 | -105 |
| cash flow from financing | -2,959,078 | -8,162,147 | -3,244,541 | -4,484,660 | 23,257,936 | 3,309,116 | 2,889,593 | 1,860,538 | 1,963,450 | -142,887 | 38,053 |
| cash and cash equivalents | |||||||||||
| cash | -2,525,444 | 2,611,200 | -692,243 | 760,042 | 52,384 | 208,383 | 307,067 | -892,503 | -4,369,089 | 4,704,991 | 618,637 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,525,444 | 2,611,200 | -692,243 | 760,042 | 52,384 | 208,383 | 307,067 | -892,503 | -4,369,089 | 4,704,991 | 618,637 |
millicom services uk limited Credit Report and Business Information
Millicom Services Uk Limited Competitor Analysis
Perform a competitor analysis for millicom services uk limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in W 4 area or any other competitors across 12 key performance metrics.
millicom services uk limited Ownership
MILLICOM SERVICES UK LIMITED group structure
Millicom Services Uk Limited has no subsidiary companies.
Ultimate parent company
MILLICOM INTERNATIONAL CELLULAR SA
#0022535
1 parent
MILLICOM SERVICES UK LIMITED
08330497
millicom services uk limited directors
Millicom Services Uk Limited currently has 2 directors. The longest serving directors include Ms Carolina Bernal (Apr 2024) and Mr Gustavo Zandona (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Carolina Bernal | England | 48 years | Apr 2024 | - | Director |
| Mr Gustavo Zandona | Luxembourg | 44 years | Aug 2024 | - | Director |
P&L
December 2023turnover
1.8m
-77%
operating profit
-61.4k
-117%
gross margin
37.2%
-4.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.2m
-0.66%
total assets
7.1m
-0.37%
cash
783.4k
-0.76%
net assets
Total assets minus all liabilities
millicom services uk limited company details
company number
08330497
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2012
age
12
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2023
address
610 chiswick high road, 2nd floor, london, W4 5RU
accountant
-
auditor
CROWE U K LLP
millicom services uk 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 millicom services uk limited.
millicom services uk limited Companies House Filings - See Documents
| date | description | view/download |
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