Pomanda estimates the enterprise value of MY LOCAL EXPERTS LTD at £178.4k based on a Turnover of £252.5k and 0.71x industry multiple (adjusted for size and gross margin).
my local experts ltdEstimated Valuation
£30.1k
Pomanda estimates the enterprise value of MY LOCAL EXPERTS LTD at £30.1k based on an EBITDA of £7.9k and a 3.78x industry multiple (adjusted for size and gross margin).
my local experts ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of MY LOCAL EXPERTS LTD at £0 based on Net Assets of £-50.7k and 1.94x industry multiple (adjusted for liquidity).
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My Local Experts LtdOverview
My Local Experts Ltd is a live company located in cornwall, TR7 3JZ with a Companies House number of 08910811. It operates in the web portals sector, SIC Code 63120. Founded in February 2014, it's largest shareholder is
david ingram
with a 40% stake. My Local Experts Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£252.5k with
rapid
growth in recent years.
Pomanda's financial health check has awarded My Local Experts Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £252.5k, make it smaller than the average company (£2.6m)
£252.5k - My Local Experts Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (13%)
57% - My Local Experts Ltd
13% - Industry AVG
Production
with a gross margin of 58.6%, this company has a comparable cost of product (58.6%)
58.6% - My Local Experts Ltd
58.6% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (3.9%)
-0.5% - My Local Experts Ltd
3.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (19)
3 - My Local Experts Ltd
19 - Industry AVG
Pay Structure
on an average salary of £60.6k, the company has an equivalent pay structure (£60.6k)
£60.6k - My Local Experts Ltd
£60.6k - Industry AVG
Efficiency
resulting in sales per employee of £84.2k, this is less efficient (£137.3k)
£84.2k - My Local Experts Ltd
£137.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - My Local Experts Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (40 days)
2 days - My Local Experts Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - My Local Experts Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - My Local Experts Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 312.6%, this is a higher level of debt than the average (64.3%)
312.6% - My Local Experts Ltd
64.3% - Industry AVG
MY LOCAL EXPERTS LTD financials
EXPORT
My Local Experts Ltd's latest turnover from February 2024 is estimated at £252.5 thousand and the company has net assets of -£50.7 thousand. According to their latest financial statements, My Local Experts Ltd has 3 employees and maintains cash reserves of £1.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Turnover
252,498
11,644
56,319
64,947
242,783
24,157
15,011
56,219
29,135
Other Income Or Grants
Cost Of Sales
104,659
4,800
18,327
19,874
71,118
8,597
5,163
26,436
14,719
Gross Profit
147,839
6,844
37,992
45,073
171,665
15,560
9,847
29,783
14,416
Admin Expenses
149,007
19,987
-2,163
83,140
182,399
18,007
7,341
40,552
23,665
Operating Profit
-1,168
-13,143
40,155
-38,067
-10,734
-2,447
2,506
-10,769
-9,249
Interest Payable
Interest Receivable
83
41
30
6
3
1
1
Pre-Tax Profit
-1,085
-13,102
40,185
-38,061
-10,731
-2,447
2,506
-10,769
-9,248
Tax
-7,635
-476
Profit After Tax
-1,085
-13,102
32,550
-38,061
-10,731
-2,447
2,030
-10,769
-9,248
Dividends Paid
Retained Profit
-1,085
-13,102
32,550
-38,061
-10,731
-2,447
2,030
-10,769
-9,248
Employee Costs
181,730
47,667
45,949
48,863
97,159
49,189
48,145
45,013
40,670
Number Of Employees
3
1
1
1
2
1
1
1
1
EBITDA*
7,949
-5,766
40,155
-36,487
-10,734
-2,447
2,506
-10,769
-9,249
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Tangible Assets
255
16,570
Intangible Assets
21,955
29,767
24,874
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
22,210
29,767
24,874
16,570
Stock & work in progress
Trade Debtors
1,465
91
Group Debtors
Misc Debtors
60
76
600
Cash
1,566
1,610
436
11,569
807
1
400
misc current assets
total current assets
1,626
1,610
436
11,645
1,407
1,465
91
1
400
total assets
23,836
31,377
25,310
28,215
1,407
1,465
91
1
400
Bank overdraft
Bank loan
Trade Creditors
792
3,100
15
772
21,899
18,078
19,918
9,548
Group/Directors Accounts
71,339
70,999
55,107
94,612
30,767
other short term finances
hp & lease commitments
other current liabilities
13
1,200
1,938
1,957
1,705
total current liabilities
72,144
75,299
57,060
97,341
32,472
21,899
18,078
19,918
9,548
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
2,355
5,656
4,726
total long term liabilities
2,355
5,656
4,726
total liabilities
74,499
80,955
61,786
97,341
32,472
21,899
18,078
19,918
9,548
net assets
-50,663
-49,578
-36,476
-69,126
-31,065
-20,434
-17,987
-19,917
-9,148
total shareholders funds
-50,663
-49,578
-36,476
-69,126
-31,065
-20,434
-17,987
-19,917
-9,148
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Operating Activities
Operating Profit
-1,168
-13,143
40,155
-38,067
-10,734
-2,447
2,506
-10,769
-9,249
Depreciation
45
1,580
Amortisation
9,072
7,377
Tax
-7,635
-476
Stock
Debtors
60
-76
-524
-865
1,374
91
Creditors
-2,308
3,085
-757
772
-21,899
3,821
-1,840
10,370
9,548
Accruals and Deferred Income
-1,187
-738
-19
252
1,705
Deferred Taxes & Provisions
-3,301
930
4,726
Cash flow from operations
1,093
-2,489
36,546
-34,939
-30,063
99
-399
299
Investing Activities
capital expenditure
-1,560
-12,270
-8,304
-18,150
Change in Investments
cash flow from investments
-1,560
-12,270
-8,304
-18,150
Financing Activities
Bank loans
Group/Directors Accounts
340
15,892
-39,505
63,845
30,767
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
100
-100
100
interest
83
41
30
6
3
1
1
cash flow from financing
423
15,933
-39,375
63,851
30,870
-100
1
101
cash and cash equivalents
cash
-44
1,174
-11,133
10,762
807
-1
-399
400
overdraft
change in cash
-44
1,174
-11,133
10,762
807
-1
-399
400
my local experts ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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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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my local experts ltd Capital Raised & Share Issues BETA
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my local experts ltdCompanies House Filings - See Documents
