mitmas developments limited
mitmas developments limited Company Information
Company Number
09163705
Website
-Registered Address
5 technology park, colindeep lane, colindale, london, NW9 6BX
Industry
Development of building projects
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Directors
Timothy Lipton10 Years
Shareholders
timothy peter lipton 100%
mitmas developments limited Estimated Valuation
Pomanda estimates the enterprise value of MITMAS DEVELOPMENTS LIMITED at £197.3k based on a Turnover of £368.7k and 0.54x industry multiple (adjusted for size and gross margin).
mitmas developments limited Estimated Valuation
Pomanda estimates the enterprise value of MITMAS DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-912.9k and a 4.06x industry multiple (adjusted for size and gross margin).
mitmas developments limited Estimated Valuation
Pomanda estimates the enterprise value of MITMAS DEVELOPMENTS LIMITED at £0 based on Net Assets of £-1.1m and 1.55x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mitmas Developments Limited Overview
Mitmas Developments Limited is a live company located in colindale, NW9 6BX with a Companies House number of 09163705. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2014, it's largest shareholder is timothy peter lipton with a 100% stake. Mitmas Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £368.7k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Mitmas Developments Limited Health Check
Pomanda's financial health check has awarded Mitmas Developments Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
9 Weak
Size
annual sales of £368.7k, make it smaller than the average company (£2.3m)
- Mitmas Developments Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (3.2%)
- Mitmas Developments Limited
3.2% - Industry AVG
Production
with a gross margin of 26.5%, this company has a comparable cost of product (26.5%)
- Mitmas Developments Limited
26.5% - Industry AVG
Profitability
an operating margin of -247.6% make it less profitable than the average company (7.1%)
- Mitmas Developments Limited
7.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Mitmas Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- Mitmas Developments Limited
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £184.3k, this is less efficient (£281.1k)
- Mitmas Developments Limited
£281.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mitmas Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (30 days)
- Mitmas Developments Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 776 days, this is more than average (162 days)
- Mitmas Developments Limited
162 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Mitmas Developments Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 287.9%, this is a higher level of debt than the average (74.6%)
287.9% - Mitmas Developments Limited
74.6% - Industry AVG
MITMAS DEVELOPMENTS LIMITED financials
Mitmas Developments Limited's latest turnover from August 2023 is estimated at £368.7 thousand and the company has net assets of -£1.1 million. According to their latest financial statements, Mitmas Developments Limited has 2 employees and maintains cash reserves of £1 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 576,871 | 1,798,534 | 1,758,911 | 1,680,679 | 1,623,791 | 262,500 | 498,101 | 201,058 | 34,656 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 48,000 | 0 | 0 | 7,006 |
| Group Debtors | 0 | 0 | 12,657 | 170,350 | 168,640 | 102,950 | 0 | 0 | 0 |
| Misc Debtors | 19,193 | 187,201 | 180,151 | 7,580 | 228,883 | 3,042 | 494,268 | 42,313 | 0 |
| Cash | 1 | 345 | 159 | 77 | 1,262 | 444 | 198 | 128 | 80 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 596,065 | 1,986,080 | 1,951,878 | 1,858,686 | 2,022,576 | 416,936 | 992,567 | 243,499 | 41,742 |
| total assets | 596,065 | 1,986,080 | 1,951,878 | 1,858,686 | 2,022,576 | 416,936 | 992,567 | 243,499 | 41,742 |
| Bank overdraft | 0 | 0 | 1,475,199 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 1,618,199 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,661 | 21,288 | 13,166 | 1,746 | 185,815 | 343,555 | 35,143 | 30,600 | 47,840 |
| Group/Directors Accounts | 0 | 0 | 0 | 1,801,490 | 1,708,134 | 50,408 | 30,370 | 76,025 | 0 |
| other short term finances | 126,712 | 31,372 | 23,899 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,586,904 | 424,854 | 534,424 | 8,794 | 105,651 | 10,768 | 919,932 | 152,395 | 0 |
| total current liabilities | 1,716,277 | 2,095,713 | 2,046,688 | 1,812,030 | 1,999,600 | 404,731 | 985,445 | 259,020 | 47,840 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,716,277 | 2,095,713 | 2,046,688 | 1,812,030 | 1,999,600 | 404,731 | 985,445 | 259,020 | 47,840 |
| net assets | -1,120,212 | -109,633 | -94,810 | 46,656 | 22,976 | 12,205 | 7,122 | -15,521 | -6,098 |
| total shareholders funds | -1,120,212 | -109,633 | -94,810 | 46,656 | 22,976 | 12,205 | 7,122 | -15,521 | -6,098 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -1,221,663 | 39,623 | 78,232 | 56,888 | 1,361,291 | -235,601 | 297,043 | 166,402 | 34,656 |
| Debtors | -168,008 | -5,607 | 14,878 | -219,593 | 243,531 | -340,276 | 451,955 | 35,307 | 7,006 |
| Creditors | -18,627 | 8,122 | 11,420 | -184,069 | -157,740 | 308,412 | 4,543 | -17,240 | 47,840 |
| Accruals and Deferred Income | 1,162,050 | -109,570 | 525,630 | -96,857 | 94,883 | -909,164 | 767,537 | 152,395 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | -1,618,199 | 1,618,199 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -1,801,490 | 93,356 | 1,657,726 | 20,038 | -45,655 | 76,025 | 0 |
| Other Short Term Loans | 95,340 | 7,473 | 23,899 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -344 | 186 | 82 | -1,185 | 818 | 246 | 70 | 48 | 80 |
| overdraft | 0 | -1,475,199 | 1,475,199 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -344 | 1,475,385 | -1,475,117 | -1,185 | 818 | 246 | 70 | 48 | 80 |
mitmas developments limited Credit Report and Business Information
Mitmas Developments Limited Competitor Analysis
Perform a competitor analysis for mitmas developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in NW9 area or any other competitors across 12 key performance metrics.
mitmas developments limited Ownership
MITMAS DEVELOPMENTS LIMITED group structure
Mitmas Developments Limited has no subsidiary companies.
Ultimate parent company
MITMAS DEVELOPMENTS LIMITED
09163705
mitmas developments limited directors
Mitmas Developments Limited currently has 1 director, Mr Timothy Lipton serving since Aug 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Lipton | United Kingdom | 47 years | Aug 2014 | - | Director |
P&L
August 2023turnover
368.7k
-52%
operating profit
-912.9k
0%
gross margin
26.5%
+7.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-1.1m
+9.22%
total assets
596.1k
-0.7%
cash
1
-1%
net assets
Total assets minus all liabilities
mitmas developments limited company details
company number
09163705
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
mitmas limited (March 2018)
accountant
-
auditor
-
address
5 technology park, colindeep lane, colindale, london, NW9 6BX
Bank
-
Legal Advisor
-
mitmas developments 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 2 charges/mortgages relating to mitmas developments limited. Currently there are 2 open charges and 0 have been satisfied in the past.
mitmas developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
