mitie telecoms assets limited
mitie telecoms assets limited Company Information
Company Number
08805053
Next Accounts
96 days late
Shareholders
mitie telecoms ventures limited
Group Structure
View All
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Registered Address
level 12 the shard, 32 london bridge street, london, SE1 9SG
Website
www.jistics.commitie telecoms assets limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE TELECOMS ASSETS LIMITED at £2.3m based on a Turnover of £2.4m and 0.98x industry multiple (adjusted for size and gross margin).
mitie telecoms assets limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE TELECOMS ASSETS LIMITED at £8.6m based on an EBITDA of £2m and a 4.27x industry multiple (adjusted for size and gross margin).
mitie telecoms assets limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE TELECOMS ASSETS LIMITED at £6m based on Net Assets of £2.6m and 2.29x industry multiple (adjusted for liquidity).
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Mitie Telecoms Assets Limited Overview
Mitie Telecoms Assets Limited is a live company located in london, SE1 9SG with a Companies House number of 08805053. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in December 2013, it's largest shareholder is mitie telecoms ventures limited with a 100% stake. Mitie Telecoms Assets Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with rapid growth in recent years.
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Mitie Telecoms Assets Limited Health Check
Pomanda's financial health check has awarded Mitie Telecoms Assets Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£9.5m)
£2.4m - Mitie Telecoms Assets Limited
£9.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 156%, show it is growing at a faster rate (4.7%)
- Mitie Telecoms Assets Limited
4.7% - Industry AVG
Production
with a gross margin of 84.2%, this company has a lower cost of product (46.2%)
84.2% - Mitie Telecoms Assets Limited
46.2% - Industry AVG
Profitability
an operating margin of 74% make it more profitable than the average company (11.5%)
74% - Mitie Telecoms Assets Limited
11.5% - Industry AVG
Employees
with 8 employees, this is below the industry average (39)
- Mitie Telecoms Assets Limited
39 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£44.1k)
- Mitie Telecoms Assets Limited
£44.1k - Industry AVG
Efficiency
resulting in sales per employee of £294.1k, this is more efficient (£192.8k)
- Mitie Telecoms Assets Limited
£192.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mitie Telecoms Assets Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mitie Telecoms Assets Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mitie Telecoms Assets Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Mitie Telecoms Assets Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.4%, this is a lower level of debt than the average (62.4%)
27.4% - Mitie Telecoms Assets Limited
62.4% - Industry AVG
MITIE TELECOMS ASSETS LIMITED financials
Mitie Telecoms Assets Limited's latest turnover from March 2023 is £2.4 million and the company has net assets of £2.6 million. According to their latest financial statements, we estimate that Mitie Telecoms Assets Limited has 8 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,353,000 | 1,464,723 | 649,107 | 559,030 | 421,440 | 320,622 | 151,300 | ||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 373,000 | 346,899 | 58,336 | 146,171 | 43,768 | 28,967 | 2,857 | ||
| Gross Profit | 1,980,000 | 1,117,824 | 590,771 | 412,859 | 377,672 | 291,655 | 148,443 | ||
| Admin Expenses | 240,000 | 210,037 | 301,992 | 228,901 | 205,170 | 133,344 | 33,595 | ||
| Operating Profit | 1,740,000 | 907,787 | 288,779 | 183,958 | 172,502 | 158,311 | 114,848 | ||
| Interest Payable | 3,684 | 9,690 | 5,235 | ||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 1,740,000 | 907,787 | 288,779 | 183,958 | 168,818 | 148,621 | 109,613 | ||
| Tax | -324,000 | -203,937 | -57,943 | 6,384 | -6,134 | -39,460 | |||
| Profit After Tax | 1,416,000 | 703,850 | 230,836 | 190,342 | 162,684 | 109,161 | 109,613 | ||
| Dividends Paid | 200,000 | ||||||||
| Retained Profit | 1,416,000 | 703,850 | 230,836 | -9,658 | 162,684 | 109,161 | 109,613 | ||
| Employee Costs | 285,000 | ||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | |||||
| EBITDA* | 2,008,000 | 1,235,922 | 460,761 | 318,818 | 291,204 | 227,964 | 147,594 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 544,000 | 812,448 | 796,719 | 297,624 | 387,227 | 313,823 | 360,477 | 376,712 | 204,644 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 544,000 | 812,448 | 796,719 | 297,624 | 387,227 | 313,823 | 360,477 | 376,712 | 204,644 |
| Stock & work in progress | |||||||||
| Trade Debtors | 4,178 | 79,253 | 1,016 | 1,440 | 163,508 | ||||
| Group Debtors | 3,046,000 | 1,003,149 | 177,853 | 433,960 | 120,211 | 156,609 | 232,799 | 250,407 | |
| Misc Debtors | 12,090 | 17,301 | 9,779 | 13,617 | 12,059 | 10,295 | |||
| Cash | 1,000 | 17,412 | 15,739 | 24,912 | 202,131 | 891 | 6,541 | 836 | 1,864 |
| misc current assets | |||||||||
| total current assets | 3,047,000 | 1,032,651 | 215,071 | 547,904 | 335,959 | 170,575 | 249,635 | 252,683 | 165,372 |
| total assets | 3,591,000 | 1,845,099 | 1,011,790 | 845,528 | 723,186 | 484,398 | 610,112 | 629,395 | 370,016 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 4,518 | 14,879 | 11,147 | 8,072 | 192 | 13,360 | 370,161 | 20,517 | |
| Group/Directors Accounts | 314,000 | 238,227 | 55,832 | 780 | 50,563 | 149,500 | 198,729 | ||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 544,000 | 227,726 | 363,496 | 37,073 | 61,518 | 16,242 | 19,200 | 40,157 | |
| total current liabilities | 858,000 | 470,471 | 378,375 | 104,052 | 70,370 | 66,997 | 182,060 | 370,161 | 259,403 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 49,180 | 44,601 | 45,594 | 39,460 | |||||
| other liabilities | 3,020 | 7,261 | |||||||
| provisions | 124,000 | 178,926 | 137,322 | 34,669 | |||||
| total long term liabilities | 124,000 | 181,946 | 144,583 | 34,669 | 49,180 | 44,601 | 45,594 | 39,460 | |
| total liabilities | 982,000 | 652,417 | 522,958 | 138,721 | 119,550 | 111,598 | 227,654 | 409,621 | 259,403 |
| net assets | 2,609,000 | 1,192,682 | 488,832 | 706,807 | 603,636 | 372,800 | 382,458 | 219,774 | 110,613 |
| total shareholders funds | 2,609,000 | 1,192,682 | 488,832 | 706,807 | 603,636 | 372,800 | 382,458 | 219,774 | 110,613 |
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,740,000 | 907,787 | 288,779 | 183,958 | 172,502 | 158,311 | 114,848 | ||
| Depreciation | 268,000 | 328,135 | 143,907 | 167,747 | 171,982 | 134,860 | 118,702 | 69,653 | 32,746 |
| Amortisation | |||||||||
| Tax | -324,000 | -203,937 | -57,943 | 6,384 | -6,134 | -39,460 | |||
| Stock | |||||||||
| Debtors | 2,030,761 | 1,015,239 | -323,660 | 389,164 | -35,856 | -73,410 | -8,753 | 88,339 | 163,508 |
| Creditors | -4,518 | 4,518 | 3,732 | 3,075 | 7,880 | -13,168 | -356,801 | 349,644 | 20,517 |
| Accruals and Deferred Income | 316,274 | 227,726 | 326,423 | -73,625 | 49,855 | -3,951 | 25,334 | -697 | 40,157 |
| Deferred Taxes & Provisions | -54,926 | 178,926 | 102,653 | 34,669 | |||||
| Cash flow from operations | -89,931 | 427,916 | 496,409 | 381,493 | -37,644 | 449,112 | 44,760 | ||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 75,773 | 238,227 | -55,832 | 55,052 | -49,783 | -98,937 | 149,500 | -198,729 | 198,729 |
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -3,020 | 3,020 | 7,261 | ||||||
| share issue | |||||||||
| interest | -3,684 | -9,690 | -5,235 | ||||||
| cash flow from financing | 73,071 | 730,079 | -49,783 | -98,937 | 145,816 | -208,419 | 194,494 | ||
| cash and cash equivalents | |||||||||
| cash | -16,412 | 17,412 | -9,173 | -177,219 | 201,240 | -5,650 | 5,705 | -1,028 | 1,864 |
| overdraft | |||||||||
| change in cash | -16,412 | 17,412 | -9,173 | -177,219 | 201,240 | -5,650 | 5,705 | -1,028 | 1,864 |
mitie telecoms assets limited Credit Report and Business Information
Mitie Telecoms Assets Limited Competitor Analysis
Perform a competitor analysis for mitie telecoms assets limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.
mitie telecoms assets limited Ownership
MITIE TELECOMS ASSETS LIMITED group structure
Mitie Telecoms Assets Limited has no subsidiary companies.
Ultimate parent company
2 parents
MITIE TELECOMS ASSETS LIMITED
08805053
mitie telecoms assets limited directors
Mitie Telecoms Assets Limited currently has 5 directors. The longest serving directors include Mr Matthew Peacock (Aug 2021) and Mr Peter Dickinson (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Peacock | England | 54 years | Aug 2021 | - | Director |
| Mr Peter Dickinson | England | 63 years | Aug 2021 | - | Director |
| Mr Peter Dickinson | England | 63 years | Aug 2021 | - | Director |
| Miss Katherine Woods | England | 41 years | Feb 2025 | - | Director |
| Mr Jeremy Williams | England | 55 years | Feb 2025 | - | Director |
P&L
March 2023turnover
2.4m
+61%
operating profit
1.7m
+92%
gross margin
84.2%
+10.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.6m
+1.19%
total assets
3.6m
+0.95%
cash
1k
-0.94%
net assets
Total assets minus all liabilities
mitie telecoms assets limited company details
company number
08805053
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
December 2013
age
12
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
jistics limited (March 2022)
accountant
-
auditor
-
address
level 12 the shard, 32 london bridge street, london, SE1 9SG
Bank
-
Legal Advisor
-
mitie telecoms assets 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 found 1 charges/mortgages relating to mitie telecoms assets limited. Currently there are 0 open charges and 1 have been satisfied in the past.
mitie telecoms assets limited 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 MITIE TELECOMS ASSETS LIMITED. This can take several minutes, an email will notify you when this has completed.
mitie telecoms assets limited Companies House Filings - See Documents
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