midas property management ltd
midas property management ltd Company Information
Company Number
08537847
Next Accounts
Feb 2025
Industry
Buying and selling of own real estate
Management of real estate on a fee or contract basis
Directors
Shareholders
louis wilkinson
Group Structure
View All
Contact
Registered Address
c/o cwa accountants first floor, 271 upper street, london, N1 2UQ
midas property management ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDAS PROPERTY MANAGEMENT LTD at £501.4k based on a Turnover of £389.3k and 1.29x industry multiple (adjusted for size and gross margin).
midas property management ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDAS PROPERTY MANAGEMENT LTD at £3.7m based on an EBITDA of £933.9k and a 3.97x industry multiple (adjusted for size and gross margin).
midas property management ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDAS PROPERTY MANAGEMENT LTD at £1.1m based on Net Assets of £700.3k and 1.62x industry multiple (adjusted for liquidity).
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Midas Property Management Ltd Overview
Midas Property Management Ltd is a live company located in london, N1 2UQ with a Companies House number of 08537847. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in May 2013, it's largest shareholder is louis wilkinson with a 100% stake. Midas Property Management Ltd is a established, micro sized company, Pomanda has estimated its turnover at £389.3k with rapid growth in recent years.
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Midas Property Management Ltd Health Check
Pomanda's financial health check has awarded Midas Property Management Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £389.3k, make it smaller than the average company (£550.2k)
- Midas Property Management Ltd
£550.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 91%, show it is growing at a faster rate (4.2%)
- Midas Property Management Ltd
4.2% - Industry AVG
Production
with a gross margin of 18.2%, this company has a higher cost of product (53.4%)
- Midas Property Management Ltd
53.4% - Industry AVG
Profitability
an operating margin of 239.9% make it more profitable than the average company (14.2%)
- Midas Property Management Ltd
14.2% - Industry AVG
Employees
with 6 employees, this is above the industry average (4)
6 - Midas Property Management Ltd
4 - Industry AVG
Pay Structure
on an average salary of £39.9k, the company has an equivalent pay structure (£39.9k)
- Midas Property Management Ltd
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £64.9k, this is less efficient (£163.8k)
- Midas Property Management Ltd
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (34 days)
- Midas Property Management Ltd
34 days - Industry AVG
Creditor Days
its suppliers are paid after 245 days, this is slower than average (32 days)
- Midas Property Management Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Midas Property Management Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Midas Property Management Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.4%, this is a lower level of debt than the average (63%)
23.4% - Midas Property Management Ltd
63% - Industry AVG
MIDAS PROPERTY MANAGEMENT LTD financials
Midas Property Management Ltd's latest turnover from May 2023 is estimated at £389.3 thousand and the company has net assets of £700.3 thousand. According to their latest financial statements, Midas Property Management Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 6 | 1 | 1 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 802,085 | 51,465 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 802,085 | 51,465 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 112,075 | 0 | 54,137 | 22,447 | 55,025 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 4,378 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 29,992 | 10,116 | 0 | 24,750 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 112,075 | 0 | 54,137 | 22,447 | 55,025 | 34,370 | 10,116 | 0 | 24,750 | 0 |
| total assets | 914,160 | 51,465 | 54,137 | 22,447 | 55,025 | 34,370 | 10,116 | 0 | 24,750 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 213,880 | 49,644 | 49,823 | 19,343 | 52,666 | 31,956 | 9,800 | 0 | 1,785 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 720 | 948 | 0 | 0 | 0 |
| total current liabilities | 213,880 | 49,644 | 49,823 | 19,343 | 52,666 | 32,676 | 10,748 | 0 | 1,785 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 0 | 0 | 22,874 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 0 | 0 | 22,874 | 0 |
| total liabilities | 213,880 | 51,644 | 51,823 | 21,343 | 54,666 | 34,676 | 10,748 | 0 | 24,659 | 0 |
| net assets | 700,280 | -179 | 2,314 | 1,104 | 359 | -306 | -632 | 0 | 91 | 0 |
| total shareholders funds | 700,280 | -179 | 2,314 | 1,104 | 359 | -306 | -632 | 0 | 91 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 112,075 | -54,137 | 31,690 | -32,578 | 50,647 | 4,378 | 0 | 0 | 0 | 0 |
| Creditors | 164,236 | -179 | 30,480 | -33,323 | 20,710 | 22,156 | 9,800 | -1,785 | 1,785 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -720 | -228 | 948 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,000 | 0 | 0 | 0 | 0 | 2,000 | 0 | -22,874 | 22,874 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | -29,992 | 19,876 | 10,116 | -24,750 | 24,750 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -29,992 | 19,876 | 10,116 | -24,750 | 24,750 | 0 |
midas property management ltd Credit Report and Business Information
Midas Property Management Ltd Competitor Analysis
Perform a competitor analysis for midas property management ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
midas property management ltd Ownership
MIDAS PROPERTY MANAGEMENT LTD group structure
Midas Property Management Ltd has no subsidiary companies.
Ultimate parent company
MIDAS PROPERTY MANAGEMENT LTD
08537847
midas property management ltd directors
Midas Property Management Ltd currently has 1 director, Mr Louis Wilkinson serving since Jul 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Louis Wilkinson | 42 years | Jul 2023 | - | Director |
P&L
May 2023turnover
389.3k
+486%
operating profit
933.9k
0%
gross margin
18.3%
-2.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
700.3k
-3913.18%
total assets
914.2k
+16.76%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
midas property management ltd company details
company number
08537847
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
68100 - Buying and selling of own real estate
68320 - Management of real estate on a fee or contract basis
incorporation date
May 2013
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
midas distribution ltd (June 2016)
recycling phone shop ltd (December 2013)
accountant
-
auditor
-
address
c/o cwa accountants first floor, 271 upper street, london, N1 2UQ
Bank
-
Legal Advisor
-
midas property management ltd 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 midas property management ltd.
midas property management ltd Capital Raised & Share Issues BETA
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.
Click to start generating capital raising & share issue transactions for MIDAS PROPERTY MANAGEMENT LTD. This can take several minutes, an email will notify you when this has completed.
midas property management ltd Companies House Filings - See Documents
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