midland motor fuels ltd
midland motor fuels ltd Company Information
Company Number
08911875
Next Accounts
68 days late
Shareholders
shailesh chandra kantilal parekh
Group Structure
View All
Industry
Retail sale of automotive fuel in specialised stores
Registered Address
288-298 tyburn rd, birmingham, B24 8LY
Website
-midland motor fuels ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND MOTOR FUELS LTD at £15.7m based on a Turnover of £30.7m and 0.51x industry multiple (adjusted for size and gross margin).
midland motor fuels ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND MOTOR FUELS LTD at £6.1m based on an EBITDA of £1.1m and a 5.31x industry multiple (adjusted for size and gross margin).
midland motor fuels ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND MOTOR FUELS LTD at £5.8m based on Net Assets of £2.9m and 2.03x industry multiple (adjusted for liquidity).
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Midland Motor Fuels Ltd Overview
Midland Motor Fuels Ltd is a live company located in birmingham, B24 8LY with a Companies House number of 08911875. It operates in the retail sale of automotive fuel in specialised stores sector, SIC Code 47300. Founded in February 2014, it's largest shareholder is shailesh chandra kantilal parekh with a 100% stake. Midland Motor Fuels Ltd is a established, large sized company, Pomanda has estimated its turnover at £30.7m with healthy growth in recent years.
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Midland Motor Fuels Ltd Health Check
Pomanda's financial health check has awarded Midland Motor Fuels Ltd a 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
4 Regular
3 Weak
Size
annual sales of £30.7m, make it larger than the average company (£20.8m)
- Midland Motor Fuels Ltd
£20.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.5%)
- Midland Motor Fuels Ltd
7.5% - Industry AVG
Production
with a gross margin of 12.3%, this company has a comparable cost of product (12.3%)
- Midland Motor Fuels Ltd
12.3% - Industry AVG
Profitability
an operating margin of 3.6% make it as profitable than the average company (4%)
- Midland Motor Fuels Ltd
4% - Industry AVG
Employees
with 49 employees, this is similar to the industry average (53)
49 - Midland Motor Fuels Ltd
53 - Industry AVG
Pay Structure
on an average salary of £17.1k, the company has an equivalent pay structure (£17.1k)
- Midland Motor Fuels Ltd
£17.1k - Industry AVG
Efficiency
resulting in sales per employee of £626.6k, this is more efficient (£392.8k)
- Midland Motor Fuels Ltd
£392.8k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (4 days)
- Midland Motor Fuels Ltd
4 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (22 days)
- Midland Motor Fuels Ltd
22 days - Industry AVG
Stock Days
it holds stock equivalent to 21 days, this is more than average (8 days)
- Midland Motor Fuels Ltd
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (26 weeks)
40 weeks - Midland Motor Fuels Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.5%, this is a lower level of debt than the average (50%)
38.5% - Midland Motor Fuels Ltd
50% - Industry AVG
MIDLAND MOTOR FUELS LTD financials
Midland Motor Fuels Ltd's latest turnover from March 2023 is estimated at £30.7 million and the company has net assets of £2.9 million. According to their latest financial statements, Midland Motor Fuels Ltd has 49 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 49 | 64 | 49 | 49 | 58 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 403,571 | 406,257 | 328,301 | 331,355 | 368,173 | 376,082 | 363,869 | 404,318 | 214,243 |
| Intangible Assets | 225,000 | 237,500 | 117,647 | ||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 628,571 | 643,757 | 445,948 | 331,355 | 368,173 | 376,082 | 363,869 | 404,318 | 214,243 |
| Stock & work in progress | 1,561,799 | 1,323,559 | 1,309,669 | 890,152 | 1,090,824 | 858,838 | 585,146 | 543,892 | 418,365 |
| Trade Debtors | 257,302 | 196,570 | 127,484 | 568,562 | 385,941 | 365,951 | 262,547 | 250,765 | 196,539 |
| Group Debtors | |||||||||
| Misc Debtors | 826,450 | 486,384 | 485,061 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
| Cash | 1,396,288 | 202,747 | 396,440 | 115,820 | 60,563 | 51,451 | 26,061 | 24,359 | 40,366 |
| misc current assets | |||||||||
| total current assets | 4,041,839 | 2,209,260 | 2,318,654 | 1,589,534 | 1,552,328 | 1,291,240 | 888,754 | 834,016 | 655,270 |
| total assets | 4,670,410 | 2,853,017 | 2,764,602 | 1,920,889 | 1,920,501 | 1,667,322 | 1,252,623 | 1,238,334 | 869,513 |
| Bank overdraft | |||||||||
| Bank loan | 10,000 | 10,000 | 8,333 | ||||||
| Trade Creditors | 1,292,478 | 594,157 | 620,869 | 216,948 | 252,871 | 256,890 | 220,451 | 228,295 | 685,512 |
| Group/Directors Accounts | 175,147 | 186,711 | 186,711 | 172,711 | 358,711 | ||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 470,715 | 259,454 | 530,428 | 218,646 | 264,947 | 248,017 | 153,287 | 129,771 | |
| total current liabilities | 1,773,193 | 863,611 | 1,159,630 | 610,741 | 704,529 | 691,618 | 546,449 | 716,777 | 685,512 |
| loans | 22,500 | 32,048 | 41,667 | ||||||
| hp & lease commitments | 25,558 | 38,337 | 118,502 | 148,554 | |||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 22,500 | 32,048 | 41,667 | 25,558 | 38,337 | 118,502 | 148,554 | ||
| total liabilities | 1,795,693 | 895,659 | 1,201,297 | 610,741 | 730,087 | 729,955 | 664,951 | 865,331 | 685,512 |
| net assets | 2,874,717 | 1,957,358 | 1,563,305 | 1,310,148 | 1,190,414 | 937,367 | 587,672 | 373,003 | 184,001 |
| total shareholders funds | 2,874,717 | 1,957,358 | 1,563,305 | 1,310,148 | 1,190,414 | 937,367 | 587,672 | 373,003 | 184,001 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 44,841 | 45,140 | 36,478 | 36,818 | 40,909 | 41,787 | 40,449 | 44,925 | 23,804 |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | 238,240 | 13,890 | 419,517 | -200,672 | 231,986 | 273,692 | 41,254 | 125,527 | 418,365 |
| Debtors | 400,798 | 70,409 | 28,983 | 182,621 | 19,990 | 103,404 | 11,782 | 69,226 | 196,539 |
| Creditors | 698,321 | -26,712 | 403,921 | -35,923 | -4,019 | 36,439 | -7,844 | -457,217 | 685,512 |
| Accruals and Deferred Income | 211,261 | -270,974 | 311,782 | -46,301 | 16,930 | 94,730 | 23,516 | 129,771 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 1,667 | 8,333 | |||||||
| Group/Directors Accounts | -175,147 | -11,564 | 14,000 | -186,000 | 358,711 | ||||
| Other Short Term Loans | |||||||||
| Long term loans | -9,548 | -9,619 | 41,667 | ||||||
| Hire Purchase and Lease Commitments | -25,558 | -12,779 | -80,165 | -30,052 | 148,554 | ||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 1,193,541 | -193,693 | 280,620 | 55,257 | 9,112 | 25,390 | 1,702 | -16,007 | 40,366 |
| overdraft | |||||||||
| change in cash | 1,193,541 | -193,693 | 280,620 | 55,257 | 9,112 | 25,390 | 1,702 | -16,007 | 40,366 |
midland motor fuels ltd Credit Report and Business Information
Midland Motor Fuels Ltd Competitor Analysis
Perform a competitor analysis for midland motor fuels 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 B24 area or any other competitors across 12 key performance metrics.
midland motor fuels ltd Ownership
MIDLAND MOTOR FUELS LTD group structure
Midland Motor Fuels Ltd has no subsidiary companies.
Ultimate parent company
MIDLAND MOTOR FUELS LTD
08911875
midland motor fuels ltd directors
Midland Motor Fuels Ltd currently has 2 directors. The longest serving directors include Mr Shailesh Parekh (Feb 2014) and Mrs Hamaben Parekh (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shailesh Parekh | England | 60 years | Feb 2014 | - | Director |
| Mrs Hamaben Parekh | United Kingdom | 54 years | Apr 2016 | - | Director |
P&L
March 2023turnover
30.7m
+38%
operating profit
1.1m
0%
gross margin
12.3%
-3.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.9m
+0.47%
total assets
4.7m
+0.64%
cash
1.4m
+5.89%
net assets
Total assets minus all liabilities
midland motor fuels ltd company details
company number
08911875
Type
Private limited with Share Capital
industry
47300 - Retail sale of automotive fuel in specialised stores
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
288-298 tyburn rd, birmingham, B24 8LY
Bank
-
Legal Advisor
-
midland motor fuels 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 midland motor fuels ltd.
midland motor fuels 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.
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midland motor fuels ltd Companies House Filings - See Documents
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