midlands nautique limited
midlands nautique limited Company Information
Company Number
09446987
Next Accounts
Dec 2025
Shareholders
midlands nautique holdings limited
Group Structure
View All
Industry
Retail sale of sporting equipment in specialised stores
Registered Address
unit 2 walsall road, norton canes, cannock, staffs, WS11 9TA
Website
www.midlandsnautique.co.ukmidlands nautique limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS NAUTIQUE LIMITED at £498.7k based on a Turnover of £1.3m and 0.39x industry multiple (adjusted for size and gross margin).
midlands nautique limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS NAUTIQUE LIMITED at £405.3k based on an EBITDA of £102.4k and a 3.96x industry multiple (adjusted for size and gross margin).
midlands nautique limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS NAUTIQUE LIMITED at £441.9k based on Net Assets of £220.2k and 2.01x industry multiple (adjusted for liquidity).
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Midlands Nautique Limited Overview
Midlands Nautique Limited is a live company located in cannock, WS11 9TA with a Companies House number of 09446987. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in February 2015, it's largest shareholder is midlands nautique holdings limited with a 100% stake. Midlands Nautique Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.
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Midlands Nautique Limited Health Check
Pomanda's financial health check has awarded Midlands Nautique Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £1.3m, make it larger than the average company (£474.7k)
- Midlands Nautique Limited
£474.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8%)
- Midlands Nautique Limited
8% - Industry AVG
Production
with a gross margin of 30.3%, this company has a comparable cost of product (30.3%)
- Midlands Nautique Limited
30.3% - Industry AVG
Profitability
an operating margin of 3.1% make it more profitable than the average company (0.8%)
- Midlands Nautique Limited
0.8% - Industry AVG
Employees
with 10 employees, this is above the industry average (8)
10 - Midlands Nautique Limited
8 - Industry AVG
Pay Structure
on an average salary of £24k, the company has an equivalent pay structure (£24k)
- Midlands Nautique Limited
£24k - Industry AVG
Efficiency
resulting in sales per employee of £129.4k, this is equally as efficient (£123.8k)
- Midlands Nautique Limited
£123.8k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (28 days)
- Midlands Nautique Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (23 days)
- Midlands Nautique Limited
23 days - Industry AVG
Stock Days
it holds stock equivalent to 237 days, this is more than average (112 days)
- Midlands Nautique Limited
112 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (18 weeks)
7 weeks - Midlands Nautique Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.4%, this is a higher level of debt than the average (64.3%)
82.4% - Midlands Nautique Limited
64.3% - Industry AVG
MIDLANDS NAUTIQUE LIMITED financials
Midlands Nautique Limited's latest turnover from March 2024 is estimated at £1.3 million and the company has net assets of £220.2 thousand. According to their latest financial statements, Midlands Nautique Limited has 10 employees and maintains cash reserves of £143.1 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 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 10 | 8 | 7 | 6 | 5 | 5 | 4 | ||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 254,062 | 284,132 | 178,878 | 122,416 | 98,649 | 108,020 | 76,180 | 59,017 | 27,928 |
| Intangible Assets | 1,467 | 5,867 | 10,267 | 14,667 | 19,067 | ||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 254,062 | 284,132 | 178,878 | 122,416 | 100,116 | 113,887 | 86,447 | 73,684 | 46,995 |
| Stock & work in progress | 587,625 | 732,927 | 1,061,803 | 1,138,998 | 1,080,775 | 352,929 | 601,054 | 49,368 | 104,622 |
| Trade Debtors | 219,210 | 240,859 | 352,994 | 51,350 | 3,623 | 30,541 | 42,544 | 173,193 | 193,372 |
| Group Debtors | 39,029 | 40,623 | 67,074 | ||||||
| Misc Debtors | 7,234 | 10,197 | 12,485 | 30,060 | 14,952 | 6,942 | 5,617 | 7,170 | 9,974 |
| Cash | 143,062 | 315,667 | 473,270 | 436,866 | 231,969 | 167,710 | 196,016 | 105,537 | 36,045 |
| misc current assets | |||||||||
| total current assets | 996,160 | 1,340,273 | 1,967,626 | 1,657,274 | 1,331,319 | 558,122 | 845,231 | 335,268 | 344,013 |
| total assets | 1,250,222 | 1,624,405 | 2,146,504 | 1,779,690 | 1,431,435 | 672,009 | 931,678 | 408,952 | 391,008 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 3,117 | 42,696 | 124,927 | 1,497 | 2,492 | 4,632 | 56,687 | 81,358 | |
| Group/Directors Accounts | 6,813 | 5,184 | 3,132 | 32,123 | 60,510 | 79,806 | 95,326 | 100,503 | |
| other short term finances | 301,758 | 429,704 | 297,552 | 295,340 | 660,399 | 236,878 | 157,350 | ||
| hp & lease commitments | 52,294 | 21,899 | 9,105 | 13,685 | 13,685 | 3,285 | 8,957 | 10,500 | 10,500 |
| other current liabilities | 593,965 | 778,229 | 1,464,469 | 1,241,402 | 585,475 | 249,444 | 604,266 | 178,096 | 169,890 |
| total current liabilities | 957,947 | 1,277,712 | 1,899,185 | 1,550,427 | 1,293,179 | 552,609 | 855,011 | 340,609 | 362,251 |
| loans | |||||||||
| hp & lease commitments | 24,281 | 63,996 | 2,133 | 11,239 | 22,616 | 18,301 | 13,642 | 7,000 | 17,500 |
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 47,830 | 71,034 | 34,056 | 23,259 | 18,744 | 20,524 | 13,474 | 11,803 | 5,586 |
| total long term liabilities | 72,111 | 135,030 | 36,189 | 34,498 | 41,360 | 38,825 | 27,116 | 18,803 | 23,086 |
| total liabilities | 1,030,058 | 1,412,742 | 1,935,374 | 1,584,925 | 1,334,539 | 591,434 | 882,127 | 359,412 | 385,337 |
| net assets | 220,164 | 211,663 | 211,130 | 194,765 | 96,896 | 80,575 | 49,551 | 49,540 | 5,671 |
| total shareholders funds | 220,164 | 211,663 | 211,130 | 194,765 | 96,896 | 80,575 | 49,551 | 49,540 | 5,671 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 61,976 | 53,132 | 42,191 | 24,958 | 27,467 | 23,253 | 13,698 | 13,740 | 9,335 |
| Amortisation | 1,467 | 4,400 | 4,400 | 4,400 | 4,400 | 2,933 | |||
| Tax | |||||||||
| Stock | -145,302 | -328,876 | -77,195 | 58,223 | 727,846 | -248,125 | 551,686 | -55,254 | 104,622 |
| Debtors | -26,206 | -140,874 | 351,143 | 62,835 | -18,908 | -10,678 | -132,202 | -22,983 | 203,346 |
| Creditors | -39,579 | -82,231 | 124,927 | -1,497 | -995 | -2,140 | -52,055 | -24,671 | 81,358 |
| Accruals and Deferred Income | -184,264 | -686,240 | 223,067 | 655,927 | 336,031 | -354,822 | 426,170 | 8,206 | 169,890 |
| Deferred Taxes & Provisions | -23,204 | 36,978 | 10,797 | 4,515 | -1,780 | 7,050 | 1,671 | 6,217 | 5,586 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 1,629 | 2,052 | 3,132 | -32,123 | -28,387 | -19,296 | -15,520 | -5,177 | 100,503 |
| Other Short Term Loans | -127,946 | 132,152 | 2,212 | -365,059 | 423,521 | 79,528 | 157,350 | ||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | -9,320 | 74,657 | -13,686 | -11,377 | 14,715 | -1,013 | 5,099 | -10,500 | 28,000 |
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -172,605 | -157,603 | 36,404 | 204,897 | 64,259 | -28,306 | 90,479 | 69,492 | 36,045 |
| overdraft | |||||||||
| change in cash | -172,605 | -157,603 | 36,404 | 204,897 | 64,259 | -28,306 | 90,479 | 69,492 | 36,045 |
midlands nautique limited Credit Report and Business Information
Midlands Nautique Limited Competitor Analysis
Perform a competitor analysis for midlands nautique limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WS11 area or any other competitors across 12 key performance metrics.
midlands nautique limited Ownership
MIDLANDS NAUTIQUE LIMITED group structure
Midlands Nautique Limited has no subsidiary companies.
Ultimate parent company
1 parent
MIDLANDS NAUTIQUE LIMITED
09446987
midlands nautique limited directors
Midlands Nautique Limited currently has 2 directors. The longest serving directors include Mr Jason Bates (Feb 2015) and Mr Anthony Gittings (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jason Bates | United Kingdom | 51 years | Feb 2015 | - | Director |
| Mr Anthony Gittings | United Kingdom | 52 years | Feb 2015 | - | Director |
P&L
March 2024turnover
1.3m
-14%
operating profit
40.4k
0%
gross margin
30.3%
-2.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
220.2k
+0.04%
total assets
1.3m
-0.23%
cash
143.1k
-0.55%
net assets
Total assets minus all liabilities
midlands nautique limited company details
company number
09446987
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
February 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
MICHAEL DUFTY PARTNERSHIP LTD
auditor
-
address
unit 2 walsall road, norton canes, cannock, staffs, WS11 9TA
Bank
HSBC BANK PLC
Legal Advisor
-
midlands nautique 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 midlands nautique limited.
midlands nautique 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 MIDLANDS NAUTIQUE LIMITED. This can take several minutes, an email will notify you when this has completed.
midlands nautique limited Companies House Filings - See Documents
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