M.i.d London Ltd

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m.i.d london ltd Company Information

Live

EstablishedLargeHealthy

Company Number

08712758

Next Accounts

Sep 2025

Industry

Other retail sale not in stores, stalls or markets

Directors

Ruben Babaev

Shareholders

yosef meirov

benjamin meirov

Group Structure

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Contact

Registered Address

new burlington house 1075, finchley road, london, NW11 0PU

Website

m.i.d london ltd Estimated Valuation

£51.3m

Pomanda estimates the enterprise value of M.I.D LONDON LTD at £51.3m based on a Turnover of £66.4m and 0.77x industry multiple (adjusted for size and gross margin).

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M.i.d London Ltd is a live company located in london, NW11 0PU with a Companies House number of 08712758. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in October 2013, it's largest shareholder is yosef meirov with a 50% stake. M.i.d London Ltd is a established, large sized company, Pomanda has estimated its turnover at £66.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded M.I.D London Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £66.4m, make it larger than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.4%)

EXPORT

M.I.D London Ltd's latest turnover from December 2023 is estimated at £66.4 million and the company has net assets of -£3.1 million. According to their latest financial statements, we estimate that M.I.D London Ltd has 286 employees and maintains cash reserves of £1.6 million 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
Turnover	66,422,439	87,051,778	80,166,199	49,088,625	28,570,430	24,763,543	18,653,404	14,771,563	8,966,047	5,285,115
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	45,616,502	60,051,131	56,134,883	33,672,633	19,146,112	16,594,878	12,351,803	9,469,793	5,884,213	3,519,261
Gross Profit	20,805,937	27,000,647	24,031,316	15,415,993	9,424,318	8,168,665	6,301,601	5,301,770	3,081,834	1,765,854
Admin Expenses	19,806,390	28,929,964	24,299,592	15,228,977	9,179,144	8,592,359	6,188,324	5,658,087	4,085,650	2,270,583
Operating Profit	999,547	-1,929,317	-268,276	187,016	245,174	-423,694	113,277	-356,317	-1,003,816	-504,729
Interest Payable	0	2,098	2,943	1,525	0	0	0	0	0	0
Interest Receivable	89,670	76,866	4,703	1,124	5,547	3,692	1,877	448	1,609	1,108
Pre-Tax Profit	1,089,216	-1,854,549	-266,516	186,615	250,721	-420,002	115,154	-355,869	-1,002,207	-503,621
Tax	-272,304	0	0	-35,457	-47,637	0	-21,879	0	0	0
Profit After Tax	816,912	-1,854,549	-266,516	151,158	203,084	-420,002	93,275	-355,869	-1,002,207	-503,621
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	816,912	-1,854,549	-266,516	151,158	203,084	-420,002	93,275	-355,869	-1,002,207	-503,621
Employee Costs	10,993,771	180,033	145,680	100,927	103,216	104,335	98,753	96,844	67,749	718,078
Number Of Employees	286	5	4	3	3	3	3	3	2	22
EBITDA*	1,002,300	-1,926,331	-265,015	190,108	248,018	-422,912	113,965	-355,779	-1,003,198	-504,504

* 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
Tangible Assets	8,630	11,383	13,130	14,450	15,023	4,326	3,900	3,049	3,500	1,277
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	8,630	11,383	13,130	14,450	15,023	4,326	3,900	3,049	3,500	1,277
Stock & work in progress	17,205,657	16,226,854	14,823,536	5,703,659	7,238,455	5,632,141	3,992,719	2,449,274	1,449,646	652,452
Trade Debtors	302,135	7,398,460	6,527,730	5,502,067	1,048,672	1,251,505	952,982	1,065,955	556,077	246,929
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	171,510	174,583	69,555	69,075	25,620	7,242	3,957	11,839	5,527	0
Cash	1,625,630	1,790,351	2,601,972	1,160,500	1,087,875	391,411	593,166	157,697	200,600	443,131
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	19,304,932	25,590,248	24,022,793	12,435,301	9,400,622	7,282,299	5,542,824	3,684,765	2,211,850	1,342,512
total assets	19,313,562	25,601,631	24,035,923	12,449,751	9,415,645	7,286,625	5,546,724	3,687,814	2,215,350	1,343,789
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	22,348,054	29,522,478	25,957,188	14,074,694	11,278,951	9,226,647	7,015,969	5,387,898	3,525,568	1,847,310
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	103,743	34,300	135,166	159,139	121,934	248,302	299,077	161,513	195,510	0
total current liabilities	22,451,797	29,556,778	26,092,354	14,233,833	11,400,885	9,474,949	7,315,046	5,549,411	3,721,078	1,847,310
loans	0	0	44,167	50,000	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	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	44,167	50,000	0	0	0	0	0	0
total liabilities	22,451,797	29,556,778	26,136,521	14,283,833	11,400,885	9,474,949	7,315,046	5,549,411	3,721,078	1,847,310
net assets	-3,138,235	-3,955,147	-2,100,598	-1,834,082	-1,985,240	-2,188,324	-1,768,322	-1,861,597	-1,505,728	-503,521
total shareholders funds	-3,138,235	-3,955,147	-2,100,598	-1,834,082	-1,985,240	-2,188,324	-1,768,322	-1,861,597	-1,505,728	-503,521

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Operating Activities
Operating Profit	999,547	-1,929,317	-268,276	187,016	245,174	-423,694	113,277	-356,317	-1,003,816	-504,729
Depreciation	2,753	2,986	3,261	3,092	2,844	782	688	538	618	225
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-272,304	0	0	-35,457	-47,637	0	-21,879	0	0	0
Stock	978,803	1,403,318	9,119,877	-1,534,796	1,606,314	1,639,422	1,543,445	999,628	797,194	652,452
Debtors	-7,099,398	975,758	1,026,143	4,496,850	-184,455	301,808	-120,855	516,190	314,675	246,929
Creditors	-7,174,424	3,565,290	11,882,494	2,795,743	2,052,304	2,210,678	1,628,071	1,862,330	1,678,258	1,847,310
Accruals and Deferred Income	69,443	-100,866	-23,973	37,205	-126,368	-50,775	137,564	-33,997	195,510	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-254,390	-840,983	1,447,486	25,545	704,458	-204,239	435,131	-43,264	-241,299	443,425
Investing Activities
capital expenditure	0	-1,239	-1,941	-2,519	-13,541	-1,208	-1,539	-87	-2,841	-1,502
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1,239	-1,941	-2,519	-13,541	-1,208	-1,539	-87	-2,841	-1,502
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	-44,167	-5,833	50,000	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	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	100
interest	89,670	74,768	1,760	-401	5,547	3,692	1,877	448	1,609	1,108
cash flow from financing	89,670	30,601	-4,073	49,599	5,547	3,692	1,877	448	1,609	1,208
cash and cash equivalents
cash	-164,721	-811,621	1,441,472	72,625	696,464	-201,755	435,469	-42,903	-242,531	443,131
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-164,721	-811,621	1,441,472	72,625	696,464	-201,755	435,469	-42,903	-242,531	443,131

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for m.i.d london ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in NW11 area or any other competitors across 12 key performance metrics.

M.I.D LONDON LTD group structure

M.I.D London Ltd has no subsidiary companies.

Ultimate parent company

M.I.D LONDON LTD

08712758

M.I.D LONDON LTD Shareholders

yosef meirov	50%
benjamin meirov	50%

M.I.D London Ltd currently has 1 director, Mr Ruben Babaev serving since Oct 2013.

officer	country	age	start	end	role
Mr Ruben Babaev	United Kingdom	48 years	Oct 2013	-	Director

P&L

December 2023

turnover

66.4m

-24%

operating profit

999.5k

gross margin

31.4%

+0.99%

turnover

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

Balance Sheet

December 2023

net assets

-3.1m

-0.21%

total assets

19.3m

-0.25%

cash

1.6m

-0.09%

net assets

Total assets minus all liabilities

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company number

08712758

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

October 2013

ultimate parent company

None

previous names

N/A

address

new burlington house 1075, finchley road, london, NW11 0PU

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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m.i.d london ltd Company Information

m.i.d london ltd Estimated Valuation

m.i.d london ltd Estimated Valuation

m.i.d london ltd Estimated Valuation

M.i.d London Ltd Overview

M.i.d London Ltd Health Check

M.I.D LONDON LTD financials

m.i.d london ltd Credit Report and Business Information

M.i.d London Ltd Competitor Analysis

m.i.d london ltd Ownership

m.i.d london ltd directors

m.i.d london ltd company details

m.i.d london ltd Charges & Mortgages

m.i.d london ltd Capital Raised & Share Issues BETA

m.i.d london ltd Companies House Filings - See Documents