M I Parrott Ltd

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m i parrott ltd Company Information

Live

EstablishedSmallLow

Company Number

08444874

Website

www.miparrott.co.uk

Registered Address

the granary crowhill farm, ravensden road, wilden, bedfordshire, MK44 2QS

Industry

Site preparation

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01767691638

Next Accounts Due

December 2024

Group Structure

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Directors

Mark Parrott11 Years

Joanna Goffe9 Years

Shareholders

mark parrott 51%

joanna louise goffe 49%

m i parrott ltd Estimated Valuation

£604k

Pomanda estimates the enterprise value of M I PARROTT LTD at £604k based on a Turnover of £2.1m and 0.29x industry multiple (adjusted for size and gross margin).

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M I Parrott Ltd is a live company located in wilden, MK44 2QS with a Companies House number of 08444874. It operates in the site preparation sector, SIC Code 43120. Founded in March 2013, it's largest shareholder is mark parrott with a 51% stake. M I Parrott Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.1m with low growth in recent years.

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Pomanda's financial health check has awarded M I Parrott Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

4 Regular

8 Weak

Size

annual sales of £2.1m, make it smaller than the average company (£9.1m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.9%)

EXPORT

M I Parrott Ltd's latest turnover from March 2023 is estimated at £2.1 million and the company has net assets of £40.6 thousand. According to their latest financial statements, M I Parrott Ltd has 9 employees and maintains cash reserves of £41 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
Turnover	2,113,455	1,747,141	1,832,828	1,947,064	1,812,098	1,531,827	1,125,597	823,725	958,485	149,380
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,627,385	1,344,475	1,398,975	1,423,154	1,312,672	1,115,814	829,632	618,787	727,094	110,745
Gross Profit	486,070	402,666	433,854	523,910	499,426	416,013	295,965	204,939	231,391	38,635
Admin Expenses	471,182	389,812	405,335	572,649	471,957	385,523	289,591	179,447	234,800	34,234
Operating Profit	14,888	12,854	28,519	-48,739	27,469	30,490	6,374	25,492	-3,409	4,401
Interest Payable	10,227	7,634	6,774	5,227	3,022	1,215	724	222	0	0
Interest Receivable	117	178	21	5	131	113	59	106	40	1
Pre-Tax Profit	4,778	5,399	21,767	-53,961	24,578	29,388	5,709	25,376	-3,369	4,401
Tax	-908	-1,026	-4,136	0	-4,670	-5,584	-1,142	-5,075	0	-1,012
Profit After Tax	3,870	4,373	17,631	-53,961	19,908	23,804	4,567	20,301	-3,369	3,389
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,870	4,373	17,631	-53,961	19,908	23,804	4,567	20,301	-3,369	3,389
Employee Costs	408,004	343,999	256,102	254,200	329,741	314,931	151,898	184,202	219,617	36,405
Number Of Employees	9	8	6	6	8	8	4	5	6	1
EBITDA*	56,713	66,534	108,635	26,133	102,341	88,514	44,171	43,398	8,166	12,342

* 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
Tangible Assets	266,166	300,741	406,015	425,181	376,875	217,372	165,254	184,083	42,225	32,621
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	266,166	300,741	406,015	425,181	376,875	217,372	165,254	184,083	42,225	32,621
Stock & work in progress	224,951	260,911	240,485	235,850	133,462	101,226	170,546	36,075	51,012	0
Trade Debtors	319,484	282,779	325,253	324,948	352,557	272,155	143,402	128,535	112,439	18,332
Group Debtors	61,456	124,114	121,035	40,061	106,247	0	0	0	0	0
Misc Debtors	1,162	603	603	550	8,373	19,317	7,207	6,547	0	8,113
Cash	41	5,488	42,003	9	10,432	24,494	20,523	26,614	15,949	242
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	607,094	673,895	729,379	601,418	611,071	417,192	341,678	197,771	179,400	26,687
total assets	873,260	974,636	1,135,394	1,026,599	987,946	634,564	506,932	381,854	221,625	59,308
Bank overdraft	19,653	0	13,216	20,291	11,363	21,050	16,339	6,821	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	162,789	108,658	174,158	180,910	127,983	153,147	128,803	122,989	196,923	31,952
Group/Directors Accounts	113,141	153,177	157,756	187,229	200,190	154,511	113,704	20,002	0	0
other short term finances	26,937	34,059	31,033	41,006	57,138	0	0	0	0	0
hp & lease commitments	67,834	84,723	102,268	112,875	111,131	47,214	30,845	29,945	0	0
other current liabilities	316,973	335,586	319,955	171,750	129,302	56,181	79,140	59,877	0	0
total current liabilities	707,327	716,203	798,386	714,061	637,107	432,103	368,831	239,634	196,923	31,952
loans	45,985	72,922	74,955	41,589	0	0	0	0	0	0
hp & lease commitments	28,763	92,247	176,970	208,700	221,700	122,093	93,677	107,799	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	16,326	17,576
provisions	50,572	56,521	52,713	47,510	60,439	31,576	19,436	14,000	8,256	6,291
total long term liabilities	125,320	221,690	304,638	297,799	282,139	153,669	113,113	121,799	24,582	23,867
total liabilities	832,647	937,893	1,103,024	1,011,860	919,246	585,772	481,944	361,433	221,505	55,819
net assets	40,613	36,743	32,370	14,739	68,700	48,792	24,988	20,421	120	3,489
total shareholders funds	40,613	36,743	32,370	14,739	68,700	48,792	24,988	20,421	120	3,489

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	14,888	12,854	28,519	-48,739	27,469	30,490	6,374	25,492	-3,409	4,401
Depreciation	41,825	53,680	80,116	74,872	74,872	58,024	37,797	17,906	11,575	7,941
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-908	-1,026	-4,136	0	-4,670	-5,584	-1,142	-5,075	0	-1,012
Stock	-35,960	20,426	4,635	102,388	32,236	-69,320	134,471	-14,937	51,012	0
Debtors	-25,394	-39,395	81,332	-101,618	175,705	140,863	15,527	22,643	85,994	26,445
Creditors	54,131	-65,500	-6,752	52,927	-25,164	24,344	5,814	-73,934	164,971	31,952
Accruals and Deferred Income	-18,613	15,631	148,205	42,448	73,121	-22,959	19,263	59,877	0	0
Deferred Taxes & Provisions	-5,949	3,808	5,203	-12,929	28,863	12,140	5,436	5,744	1,965	6,291
Cash flow from operations	146,728	38,416	165,188	107,809	-33,450	24,912	-76,456	22,304	38,096	23,128
Investing Activities
capital expenditure	-7,250	51,594	-60,950	-123,178	-234,375	-110,142	-18,968	-159,764	-21,179	-40,562
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,250	51,594	-60,950	-123,178	-234,375	-110,142	-18,968	-159,764	-21,179	-40,562
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-40,036	-4,579	-29,473	-12,961	45,679	40,807	93,702	20,002	0	0
Other Short Term Loans	-7,122	3,026	-9,973	-16,132	57,138	0	0	0	0	0
Long term loans	-26,937	-2,033	33,366	41,589	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-80,373	-102,268	-42,337	-11,256	163,524	44,785	-13,222	137,744	0	0
other long term liabilities	0	0	0	0	0	0	0	-16,326	-1,250	17,576
share issue	0	0	0	0	0	0	0	0	0	100
interest	-10,110	-7,456	-6,753	-5,222	-2,891	-1,102	-665	-116	40	1
cash flow from financing	-164,578	-113,310	-55,170	-3,982	263,450	84,490	79,815	141,304	-1,210	17,677
cash and cash equivalents
cash	-5,447	-36,515	41,994	-10,423	-14,062	3,971	-6,091	10,665	15,707	242
overdraft	19,653	-13,216	-7,075	8,928	-9,687	4,711	9,518	6,821	0	0
change in cash	-25,100	-23,299	49,069	-19,351	-4,375	-740	-15,609	3,844	15,707	242

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M I PARROTT LTD group structure

M I Parrott Ltd has no subsidiary companies.

Ultimate parent company

M I PARROTT LTD

08444874

M I PARROTT LTD Shareholders

mark parrott	51%
joanna louise goffe	49%

M I Parrott Ltd currently has 2 directors. The longest serving directors include Mr Mark Parrott (Mar 2013) and Ms Joanna Goffe (May 2015).

officer	country	age	start	end	role
Mr Mark Parrott	England	35 years	Mar 2013	-	Director
Ms Joanna Goffe	England	49 years	May 2015	-	Director

P&L

March 2023

turnover

2.1m

+21%

operating profit

14.9k

gross margin

23%

-0.21%

turnover

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

Balance Sheet

March 2023

net assets

40.6k

+0.11%

total assets

873.3k

-0.1%

cash

-0.99%

net assets

Total assets minus all liabilities

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company number

08444874

Type

Private limited with Share Capital

industry

43120 - Site preparation

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

March 2013

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

the granary crowhill farm, ravensden road, wilden, bedfordshire, MK44 2QS

last accounts submitted

March 2023

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 m i parrott ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

m i parrott ltd Company Information

m i parrott ltd Estimated Valuation

m i parrott ltd Estimated Valuation

m i parrott ltd Estimated Valuation

M I Parrott Ltd Overview

M I Parrott Ltd Health Check

M I PARROTT LTD financials

m i parrott ltd Credit Report and Business Information

M I Parrott Ltd Competitor Analysis

m i parrott ltd Ownership

m i parrott ltd directors

m i parrott ltd company details

m i parrott ltd Charges & Mortgages

m i parrott ltd Companies House Filings - See Documents