Minhoco 21 Limited

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minhoco 21 limited Company Information

Live

EstablishedSmallHigh

Company Number

08500000

Website

Registered Address

unit 3b, airport industrial estate, newcastle upon tyne, NE3 2EF

Industry

Manufacture of bread; manufacture of fresh pastry goods and cakes

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Jon Liddicoat7 Years

Gareth Whyte0 Years

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Shareholders

norma henderson 56%

joanne henderson 22%

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minhoco 21 limited Estimated Valuation

£870.7k

Pomanda estimates the enterprise value of MINHOCO 21 LIMITED at £870.7k based on a Turnover of £2m and 0.44x industry multiple (adjusted for size and gross margin).

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Minhoco 21 Limited is a live company located in newcastle upon tyne, NE3 2EF with a Companies House number of 08500000. It operates in the manufacture of bread sector, SIC Code 10710. Founded in April 2013, it's largest shareholder is norma henderson with a 56% stake. Minhoco 21 Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.

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Pomanda's financial health check has awarded Minhoco 21 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £2m, make it smaller than the average company (£18.2m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (9.3%)

EXPORT

Minhoco 21 Limited's latest turnover from December 2023 is estimated at £2 million and the company has net assets of £338.3 thousand. According to their latest financial statements, Minhoco 21 Limited has 43 employees and maintains cash reserves of £122.3 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	1,962,024	1,216,896	1,346,377	1,129,416	1,229,895	654,283	686,632	704,836	795,883	649,249	532,172
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,376,824	842,739	946,126	782,375	841,320	441,887	448,690	467,607	523,570	440,762	352,038
Gross Profit	585,200	374,157	400,251	347,041	388,575	212,396	237,942	237,229	272,313	208,487	180,134
Admin Expenses	645,359	341,524	155,916	151,833	354,839	195,537	224,698	250,961	171,202	216,748	256,007
Operating Profit	-60,159	32,633	244,335	195,208	33,736	16,859	13,244	-13,732	101,111	-8,261	-75,873
Interest Payable	2,585	4,277	4,218	3,687	2,214	5,117	9,151	4,587	0	0	0
Interest Receivable	7,162	4,635	295	70	47	60	52	51	102	55	22
Pre-Tax Profit	-55,582	32,991	240,412	191,591	31,569	11,801	4,146	-18,268	101,213	-8,206	-75,851
Tax	0	-6,268	-45,678	-36,402	-5,998	-2,242	-788	0	-20,242	0	0
Profit After Tax	-55,582	26,723	194,734	155,189	25,571	9,559	3,358	-18,268	80,970	-8,206	-75,851
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-55,582	26,723	194,734	155,189	25,571	9,559	3,358	-18,268	80,970	-8,206	-75,851
Employee Costs	1,258,028	605,443	583,321	571,541	507,803	225,723	211,171	211,273	217,609	168,040	143,351
Number Of Employees	43	22	22	22	20	9	9	9	10	8	7
EBITDA*	-5,435	76,255	286,105	216,455	55,917	40,036	38,041	3,297	113,888	3,480	-69,092

* 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	126,262	84,218	116,570	132,888	121,310	136,064	129,590	118,072	73,669	63,849	55,742
Intangible Assets	12,367	12,367	12,367	7,567	7,567	1	8,319	10,577	12,835	15,093	17,352
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	64,839	85,282	0	0	0	0	0	0	0	0
Total Fixed Assets	138,629	161,424	214,219	140,455	128,877	136,065	137,909	128,649	86,504	78,942	73,094
Stock & work in progress	37,000	14,000	14,000	19,000	18,000	14,000	15,000	7,000	7,500	8,000	6,500
Trade Debtors	204,369	180,200	264,603	152,279	196,433	101,311	116,342	128,301	147,912	110,233	79,272
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	56,398	69,091	64,132	22,973	21,365	28,102	20,252	19,354	0	0	0
Cash	122,322	164,147	100,706	135,420	4,088	8,357	7,614	13,336	27,480	13,238	8,839
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	420,089	427,438	443,441	329,672	239,886	151,770	159,208	167,991	182,892	131,471	94,611
total assets	558,718	588,862	657,660	470,127	368,763	287,835	297,117	296,640	269,396	210,413	167,705
Bank overdraft	19,497	27,185	62,849	72,130	48,751	16,844	1,060	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	108,199	92,415	81,602	92,953	148,271	135,731	127,991	102,942	110,797	88,746	104,307
Group/Directors Accounts	0	0	24,830	64,580	101,868	114,384	0	0	0	0	0
other short term finances	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
other current liabilities	72,918	65,319	105,176	52,588	39,386	29,214	48,579	64,847	0	0	0
total current liabilities	200,614	184,919	274,457	282,251	338,276	296,173	177,630	167,789	110,797	88,746	104,307
loans	312	0	0	0	0	0	133,718	146,794	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	161,586	205,624	139,149
provisions	19,495	10,064	16,047	15,454	13,254	0	3,666	3,312	0	0	0
total long term liabilities	19,807	10,064	16,047	15,454	13,254	0	137,384	150,106	161,586	205,624	139,149
total liabilities	220,421	194,983	290,504	297,705	351,530	296,173	315,014	317,895	272,383	294,370	243,456
net assets	338,297	393,879	367,156	172,422	17,233	-8,338	-17,897	-21,255	-2,987	-83,957	-75,751
total shareholders funds	338,297	393,879	367,156	172,422	17,233	-8,338	-17,897	-21,255	-2,987	-83,957	-75,751

	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	-60,159	32,633	244,335	195,208	33,736	16,859	13,244	-13,732	101,111	-8,261	-75,873
Depreciation	54,724	43,622	41,770	21,247	22,181	22,425	22,539	14,771	10,519	9,482	5,276
Amortisation	0	0	0	0	0	752	2,258	2,258	2,258	2,259	1,505
Tax	0	-6,268	-45,678	-36,402	-5,998	-2,242	-788	0	-20,242	0	0
Stock	23,000	0	-5,000	1,000	4,000	-1,000	8,000	-500	-500	1,500	6,500
Debtors	-53,363	-99,887	238,765	-42,546	88,385	-7,181	-11,061	-257	37,679	30,961	79,272
Creditors	15,784	10,813	-11,351	-55,318	12,540	7,740	25,049	-7,855	22,051	-15,561	104,307
Accruals and Deferred Income	7,599	-39,857	52,588	13,202	10,172	-19,365	-16,268	64,847	0	0	0
Deferred Taxes & Provisions	9,431	-5,983	593	2,200	13,254	-3,666	354	3,312	0	0	0
Cash flow from operations	57,742	134,847	48,492	181,683	-6,500	30,684	49,449	64,358	78,518	-44,542	-50,557
Investing Activities
capital expenditure	-96,768	-11,270	-30,252	-32,825	-14,993	-21,333	-34,057	-59,174	-20,339	-17,589	-79,875
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-96,768	-11,270	-30,252	-32,825	-14,993	-21,333	-34,057	-59,174	-20,339	-17,589	-79,875
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-24,830	-39,750	-37,288	-12,516	114,384	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	312	0	0	0	0	-133,718	-13,076	146,794	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-161,586	-44,038	66,475	139,149
share issue	0	0	0	0	0	0	0	0	0	0	100
interest	4,577	358	-3,923	-3,617	-2,167	-5,057	-9,099	-4,536	102	55	22
cash flow from financing	4,889	-24,472	-43,673	-40,905	-14,683	-24,391	-22,175	-19,328	-43,936	66,530	139,271
cash and cash equivalents
cash	-41,825	63,441	-34,714	131,332	-4,269	743	-5,722	-14,144	14,242	4,399	8,839
overdraft	-7,688	-35,664	-9,281	23,379	31,907	15,784	1,060	0	0	0	0
change in cash	-34,137	99,105	-25,433	107,953	-36,176	-15,041	-6,782	-14,144	14,242	4,399	8,839

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MINHOCO 21 LIMITED group structure

Minhoco 21 Limited has no subsidiary companies.

Ultimate parent company

MINHOCO 21 LIMITED

08500000

MINHOCO 21 LIMITED Shareholders

norma henderson	56%
joanne henderson	22%
ruth liddicoat	11%
jon liddicoat	11%

Minhoco 21 Limited currently has 4 directors. The longest serving directors include Mr Jon Liddicoat (Jun 2017) and Mr Gareth Whyte (May 2024).

officer	country	age	start	end	role
Mr Jon Liddicoat	United Kingdom	45 years	Jun 2017	-	Director
Mr Gareth Whyte	England	38 years	May 2024	-	Director
Mr Stephen Haley	England	56 years	Jun 2024	-	Director
Mr Andrew Marsh	United Kingdom	51 years	Jun 2024	-	Director

P&L

December 2023

turnover

+61%

operating profit

-60.2k

gross margin

29.9%

-2.99%

turnover

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

Balance Sheet

December 2023

net assets

338.3k

-0.14%

total assets

558.7k

-0.05%

cash

122.3k

-0.25%

net assets

Total assets minus all liabilities

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company number

08500000

Type

Private limited with Share Capital

industry

10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes

incorporation date

April 2013

ultimate parent company

None

previous names

N/A

address

unit 3b, airport industrial estate, newcastle upon tyne, NE3 2EF

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.

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minhoco 21 limited Company Information

minhoco 21 limited Estimated Valuation

minhoco 21 limited Estimated Valuation

minhoco 21 limited Estimated Valuation

Minhoco 21 Limited Overview

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MINHOCO 21 LIMITED financials

minhoco 21 limited Credit Report and Business Information

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