the summit woodwater park, pynes hill, exeter, devon, EX2 5WS
Website
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millco farming limitedEstimated Valuation
£653.4k
Pomanda estimates the enterprise value of MILLCO FARMING LIMITED at £653.4k based on a Turnover of £1.1m and 0.59x industry multiple (adjusted for size and gross margin).
millco farming limitedEstimated Valuation
£564.2k
Pomanda estimates the enterprise value of MILLCO FARMING LIMITED at £564.2k based on an EBITDA of £149.4k and a 3.78x industry multiple (adjusted for size and gross margin).
millco farming limitedEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of MILLCO FARMING LIMITED at £1.1m based on Net Assets of £767.3k and 1.41x industry multiple (adjusted for liquidity).
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Millco Farming LimitedOverview
Millco Farming Limited is a live company located in exeter, EX2 5WS with a Companies House number of 09082479. It operates in the raising of dairy cattle sector, SIC Code 01410. Founded in June 2014, it's largest shareholder is
henry gordon miller & diana mary elizabeth miller
with a 52% stake. Millco Farming Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1.1m with
declining
growth in recent years.
Pomanda's financial health check has awarded Millco Farming Limited a 4.5 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
Health Rating4.5out of 5
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.1m, make it larger than the average company (£593.9k)
£1.1m - Millco Farming Limited
£593.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (10.2%)
-6% - Millco Farming Limited
10.2% - Industry AVG
Production
with a gross margin of 25.2%, this company has a comparable cost of product (25.2%)
25.2% - Millco Farming Limited
25.2% - Industry AVG
Profitability
an operating margin of 9.8% make it more profitable than the average company (8%)
9.8% - Millco Farming Limited
8% - Industry AVG
Employees
with 8 employees, this is above the industry average (4)
8 - Millco Farming Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.3k, the company has an equivalent pay structure (£33.3k)
£33.3k - Millco Farming Limited
£33.3k - Industry AVG
Efficiency
resulting in sales per employee of £139.2k, this is less efficient (£192.6k)
£139.2k - Millco Farming Limited
£192.6k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (26 days)
46 days - Millco Farming Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (41 days)
3 days - Millco Farming Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (211 days)
15 days - Millco Farming Limited
211 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 40 weeks, this is more cash available to meet short term requirements (17 weeks)
40 weeks - Millco Farming Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.6%, this is a similar level of debt than the average (47.1%)
45.6% - Millco Farming Limited
47.1% - Industry AVG
MILLCO FARMING LIMITED financials
EXPORT
Millco Farming Limited's latest turnover from March 2024 is estimated at £1.1 million and the company has net assets of £767.3 thousand. According to their latest financial statements, Millco Farming Limited has 8 employees and maintains cash reserves of £223.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Turnover
1,113,773
1,475,103
1,309,096
1,350,616
938,603
1,076,896
1,053,118
477,316
253,779
Other Income Or Grants
Cost Of Sales
832,798
978,145
761,233
675,941
492,881
703,877
706,217
291,367
169,386
Gross Profit
280,975
496,958
547,863
674,675
445,722
373,020
346,901
185,948
84,393
Admin Expenses
172,276
227,723
410,093
528,150
354,666
268,749
259,690
198,958
-97,743
Operating Profit
108,699
269,235
137,770
146,525
91,056
104,271
87,211
-13,010
182,136
Interest Payable
40,065
46,215
30,232
22,052
20,791
11,498
Interest Receivable
8,768
3,267
1,095
154
60
598
489
290
338
Pre-Tax Profit
77,403
226,286
108,633
124,627
70,325
93,372
87,700
-12,720
182,474
Tax
-19,351
-42,994
-20,640
-23,679
-13,362
-17,741
-16,663
-36,495
Profit After Tax
58,052
183,292
87,993
100,948
56,963
75,631
71,037
-12,720
145,979
Dividends Paid
Retained Profit
58,052
183,292
87,993
100,948
56,963
75,631
71,037
-12,720
145,979
Employee Costs
266,480
187,402
223,341
153,616
198,194
219,795
213,347
136,548
80,051
Number Of Employees
8
8
8
7
7
7
7
6
3
EBITDA*
149,446
317,740
177,813
173,315
104,793
114,642
96,725
-4,439
184,359
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Tangible Assets
365,084
736,549
688,058
560,073
538,201
468,587
331,150
59,347
38,703
Intangible Assets
244,800
238,560
Investments & Other
643,042
258,323
272,583
Debtors (Due After 1 year)
Total Fixed Assets
1,008,126
994,872
960,641
560,073
538,201
468,587
331,150
304,147
277,263
Stock & work in progress
35,460
66,390
55,670
69,120
77,950
83,450
83,304
78,216
80,965
Trade Debtors
141,805
219,949
193,957
161,628
149,321
134,725
146,400
50,425
20,514
Group Debtors
Misc Debtors
1,463
1,946
696
206
1,344
9,981
3,181
11,333
2,024
Cash
223,677
110,351
43,385
248,685
58,944
60,641
98,785
96,964
135,045
misc current assets
total current assets
402,405
398,636
293,708
479,639
287,559
288,797
331,670
236,938
238,548
total assets
1,410,531
1,393,508
1,254,349
1,039,712
825,760
757,384
662,820
541,085
515,811
Bank overdraft
20,079
24,383
22,830
22,534
Bank loan
17,005
9,022
Trade Creditors
8,307
17,769
6,127
10,450
12,019
14,826
6,944
2,341
11,873
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
258,236
217,251
171,177
178,885
113,518
109,076
434,825
379,334
318,853
total current liabilities
286,622
259,403
200,134
206,340
134,559
146,436
441,769
381,675
330,726
loans
304,185
363,615
490,935
364,992
331,997
318,134
hp & lease commitments
Accruals and Deferred Income
other liabilities
6,511
15,962
31,265
provisions
52,449
61,267
37,349
30,442
22,214
12,787
10,144
10,089
7,741
total long term liabilities
356,634
424,882
528,284
395,434
354,211
330,921
16,655
26,051
39,006
total liabilities
643,256
684,285
728,418
601,774
488,770
477,357
458,424
407,726
369,732
net assets
767,275
709,223
525,931
437,938
336,990
280,027
204,396
133,359
146,079
total shareholders funds
767,275
709,223
525,931
437,938
336,990
280,027
204,396
133,359
146,079
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Operating Activities
Operating Profit
108,699
269,235
137,770
146,525
91,056
104,271
87,211
-13,010
182,136
Depreciation
40,747
48,505
40,043
26,790
13,737
10,371
9,514
8,571
2,223
Amortisation
Tax
-19,351
-42,994
-20,640
-23,679
-13,362
-17,741
-16,663
-36,495
Stock
-30,930
10,720
-13,450
-8,830
-5,500
146
5,088
-2,749
80,965
Debtors
-78,627
27,242
32,819
11,169
5,959
-4,875
87,823
39,220
22,538
Creditors
-9,462
11,642
-4,323
-1,569
-2,807
7,882
4,603
-9,532
11,873
Accruals and Deferred Income
40,985
46,074
-7,708
65,367
4,442
-325,749
55,491
60,481
318,853
Deferred Taxes & Provisions
-8,818
23,918
6,907
8,228
9,427
2,643
55
2,348
7,741
Cash flow from operations
262,357
318,418
132,680
219,323
102,034
-213,594
47,300
12,387
382,828
Investing Activities
capital expenditure
330,718
-96,996
-168,028
-48,662
-83,351
-147,808
-36,517
-35,455
-279,486
Change in Investments
384,719
-14,260
272,583
cash flow from investments
-54,001
-82,736
-440,611
-48,662
-83,351
-147,808
-36,517
-35,455
-279,486
Financing Activities
Bank loans
-17,005
7,983
9,022
Group/Directors Accounts
Other Short Term Loans
Long term loans
-59,430
-127,320
125,943
32,995
13,863
318,134
Hire Purchase and Lease Commitments
other long term liabilities
-6,511
-9,451
-15,303
31,265
share issue
100
interest
-31,297
-42,948
-29,137
-21,898
-20,731
-10,900
489
290
338
cash flow from financing
-90,727
-170,268
79,801
19,080
2,154
300,723
-8,962
-15,013
31,703
cash and cash equivalents
cash
113,326
66,966
-205,300
189,741
-1,697
-38,144
1,821
-38,081
135,045
overdraft
-4,304
1,553
22,830
-22,534
22,534
change in cash
117,630
65,413
-228,130
189,741
20,837
-60,678
1,821
-38,081
135,045
millco farming limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for millco farming limited. Get real-time insights into millco farming limited's credit score, group structure and payment trends.
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millco farming limited Ownership
MILLCO FARMING LIMITED group structure
Millco Farming Limited has no subsidiary companies.
Ultimate parent company
MILLCO FARMING LIMITED
09082479
MILLCO FARMING LIMITED Shareholders
The largest shareholders in Millco Farming Limited include Henry Gordon Miller & Diana Mary Elizabeth Miller and Christopher Jack Miller.
henry gordon miller & diana mary elizabeth miller
52%
christopher jack miller
26%
henry gordon miller
22%
millco farming limited directors
Millco Farming Limited currently has 4 directors.
The longest serving directors include
Ms Diana Miller (Jun 2014) and
Mr Henry Miller (Jun 2014).
the summit woodwater park, pynes hill, exeter, devon, EX2 5WS
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millco farming 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 did not find charges/mortgages relating to millco farming limited.
millco farming 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.
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millco farming limitedCompanies House Filings - See Documents
