Pomanda estimates the enterprise value of HORIBA MIRA LIMITED at £135.5m based on a Turnover of £71.6m and 1.89x industry multiple (adjusted for size and gross margin).
horiba mira limitedEstimated Valuation
£90.6m
Pomanda estimates the enterprise value of HORIBA MIRA LIMITED at £90.6m based on an EBITDA of £10.3m and a 8.83x industry multiple (adjusted for size and gross margin).
horiba mira limitedEstimated Valuation
£68.7m
Pomanda estimates the enterprise value of HORIBA MIRA LIMITED at £68.7m based on Net Assets of £39.4m and 1.75x industry multiple (adjusted for liquidity).
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Horiba Mira LimitedOverview
Horiba Mira Limited is a live company located in warwickshire, CV10 0TU with a Companies House number of 09626352. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in June 2015, it's largest shareholder is
horiba uk finance ltd
with a 100% stake. Horiba Mira Limited is a established,
large sized company, Pomanda has estimated its turnover at
£71.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Horiba Mira Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £71.6m, make it larger than the average company (£4.3m)
£71.6m - Horiba Mira Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.7%)
7% - Horiba Mira Limited
6.7% - Industry AVG
Production
with a gross margin of 28.3%, this company has a higher cost of product (46.9%)
28.3% - Horiba Mira Limited
46.9% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (3.6%)
2% - Horiba Mira Limited
3.6% - Industry AVG
Employees
with 536 employees, this is above the industry average (44)
536 - Horiba Mira Limited
44 - Industry AVG
Pay Structure
on an average salary of £67.4k, the company has an equivalent pay structure (£64.5k)
£67.4k - Horiba Mira Limited
£64.5k - Industry AVG
Efficiency
resulting in sales per employee of £133.7k, this is equally as efficient (£121.7k)
£133.7k - Horiba Mira Limited
£121.7k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (55 days)
60 days - Horiba Mira Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (44 days)
20 days - Horiba Mira Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (123 days)
8 days - Horiba Mira Limited
123 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (32 weeks)
3 weeks - Horiba Mira Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.5%, this is a higher level of debt than the average (44.4%)
72.5% - Horiba Mira Limited
44.4% - Industry AVG
HORIBA MIRA LIMITED financials
EXPORT
Horiba Mira Limited's latest turnover from December 2023 is £71.6 million and the company has net assets of £39.4 million. According to their latest financial statements, Horiba Mira Limited has 536 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Turnover
71,649,000
65,797,000
54,230,000
57,792,000
61,958,000
63,172,000
56,464,000
43,060,000
20,783,000
Other Income Or Grants
Cost Of Sales
51,362,000
46,896,000
39,805,000
43,076,000
53,416,000
51,923,000
48,028,000
37,486,000
16,514,000
Gross Profit
20,287,000
18,901,000
14,425,000
14,716,000
8,542,000
11,249,000
8,436,000
5,574,000
4,269,000
Admin Expenses
18,886,000
20,149,000
20,342,000
18,460,000
12,572,000
10,667,000
27,676,000
11,056,000
7,265,000
Operating Profit
1,401,000
-1,248,000
-5,917,000
-3,744,000
-4,030,000
582,000
-19,240,000
-5,482,000
-2,996,000
Interest Payable
3,491,000
1,780,000
729,000
808,000
1,042,000
805,000
684,000
571,000
250,000
Interest Receivable
Pre-Tax Profit
-2,090,000
-3,028,000
-6,646,000
-4,552,000
-5,072,000
-223,000
-19,924,000
-6,053,000
-3,246,000
Tax
45,000
102,000
58,000
131,000
-22,000
98,000
1,631,000
2,512,000
230,000
Profit After Tax
-2,045,000
-2,926,000
-6,588,000
-4,421,000
-5,094,000
-125,000
-18,293,000
-3,541,000
-3,016,000
Dividends Paid
Retained Profit
-33,252,000
-4,128,000
-6,588,000
-4,421,000
-5,094,000
-125,000
-18,293,000
-3,541,000
-3,016,000
Employee Costs
36,104,000
35,563,000
31,014,000
33,214,000
34,719,000
31,632,000
30,936,000
20,150,000
6,976,000
Number Of Employees
536
561
588
627
658
617
596
403
322
EBITDA*
10,258,000
7,377,000
3,555,000
4,063,000
3,077,000
6,628,000
-12,071,000
-1,560,000
-1,331,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Tangible Assets
105,339,000
102,667,000
105,929,000
108,104,000
102,131,000
87,810,000
85,121,000
14,651,000
9,547,000
Intangible Assets
1,425,000
1,473,000
19,725,000
22,021,000
Investments & Other
9,356,000
34,000
40,000
14,485,000
14,485,000
Debtors (Due After 1 year)
Total Fixed Assets
116,120,000
104,140,000
105,929,000
108,104,000
102,131,000
87,844,000
85,161,000
48,861,000
46,053,000
Stock & work in progress
1,136,000
1,829,000
230,000
660,000
526,000
582,000
578,000
245,000
162,000
Trade Debtors
11,837,000
15,688,000
10,950,000
17,424,000
18,799,000
19,128,000
15,389,000
12,204,000
8,294,000
Group Debtors
3,220,000
5,188,000
3,521,000
46,127,000
38,113,000
Misc Debtors
4,566,000
4,264,000
3,762,000
4,994,000
5,104,000
3,615,000
2,029,000
1,943,000
976,000
Cash
6,088,000
11,387,000
7,059,000
4,103,000
4,288,000
4,863,000
3,730,000
4,157,000
8,919,000
misc current assets
total current assets
26,847,000
38,356,000
25,522,000
27,181,000
28,717,000
28,188,000
21,726,000
64,676,000
56,464,000
total assets
142,967,000
142,496,000
131,451,000
135,285,000
130,848,000
116,032,000
106,887,000
113,537,000
102,517,000
Bank overdraft
Bank loan
31,250,000
25,750,000
23,000,000
22,500,000
17,000,000
Trade Creditors
2,839,000
2,411,000
1,630,000
1,993,000
2,711,000
2,277,000
1,350,000
3,335,000
2,919,000
Group/Directors Accounts
700,000
273,000
54,918,000
54,000,000
40,400,000
39,000,000
35,906,000
35,149,000
other short term finances
59,500,000
85,249,000
84,742,000
hp & lease commitments
420,000
391,000
508,000
453,000
414,000
73,000
97,000
93,000
other current liabilities
23,586,000
30,613,000
18,079,000
14,864,000
18,017,000
17,566,000
15,570,000
11,759,000
12,941,000
total current liabilities
86,345,000
119,364,000
105,232,000
103,478,000
100,892,000
83,316,000
78,517,000
68,093,000
51,009,000
loans
hp & lease commitments
1,171,000
1,251,000
1,424,000
1,719,000
1,770,000
82,000
188,000
289,000
Accruals and Deferred Income
other liabilities
16,094,000
11,686,000
12,876,000
11,581,000
5,258,000
4,694,000
141,000
181,000
92,000
provisions
1,632,000
4,143,000
total long term liabilities
17,265,000
12,937,000
14,300,000
13,300,000
7,028,000
4,694,000
223,000
2,001,000
4,524,000
total liabilities
103,610,000
132,301,000
119,532,000
116,778,000
107,920,000
88,010,000
78,740,000
70,094,000
55,533,000
net assets
39,357,000
10,195,000
11,919,000
18,507,000
22,928,000
28,022,000
28,147,000
43,443,000
46,984,000
total shareholders funds
39,357,000
10,195,000
11,919,000
18,507,000
22,928,000
28,022,000
28,147,000
43,443,000
46,984,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Operating Activities
Operating Profit
1,401,000
-1,248,000
-5,917,000
-3,744,000
-4,030,000
582,000
-19,240,000
-5,482,000
-2,996,000
Depreciation
8,358,000
8,625,000
9,472,000
7,807,000
7,107,000
6,046,000
4,871,000
1,626,000
517,000
Amortisation
499,000
2,298,000
2,296,000
1,148,000
Tax
45,000
102,000
58,000
131,000
-22,000
98,000
1,631,000
2,512,000
230,000
Stock
-693,000
1,599,000
-430,000
134,000
-56,000
4,000
333,000
83,000
162,000
Debtors
-5,517,000
6,907,000
-4,185,000
-1,485,000
1,160,000
5,325,000
-42,856,000
12,891,000
47,383,000
Creditors
428,000
781,000
-363,000
-718,000
434,000
927,000
-1,985,000
416,000
2,919,000
Accruals and Deferred Income
-7,027,000
12,534,000
3,215,000
-3,153,000
451,000
1,996,000
3,811,000
-1,182,000
12,941,000
Deferred Taxes & Provisions
-1,632,000
-2,511,000
4,143,000
Cash flow from operations
9,914,000
12,288,000
11,080,000
1,674,000
2,836,000
4,320,000
32,277,000
-15,299,000
-28,643,000
Investing Activities
capital expenditure
-13,780,000
-21,428,000
-8,735,000
-57,914,000
-6,730,000
-33,233,000
Change in Investments
9,356,000
-34,000
-6,000
-14,445,000
14,485,000
cash flow from investments
-9,356,000
-13,780,000
-21,394,000
-8,729,000
-43,469,000
-6,730,000
-47,718,000
Financing Activities
Bank loans
-31,250,000
5,500,000
2,750,000
500,000
5,500,000
17,000,000
Group/Directors Accounts
-700,000
427,000
-54,645,000
918,000
13,600,000
1,400,000
3,094,000
757,000
35,149,000
Other Short Term Loans
-25,749,000
507,000
84,742,000
Long term loans
Hire Purchase and Lease Commitments
-51,000
-290,000
-240,000
-12,000
2,111,000
-106,000
-102,000
-8,000
289,000
other long term liabilities
4,408,000
-1,190,000
1,295,000
6,323,000
564,000
4,553,000
-40,000
89,000
92,000
share issue
62,414,000
2,404,000
2,997,000
50,000,000
interest
-3,491,000
-1,780,000
-729,000
-808,000
-1,042,000
-805,000
-684,000
-571,000
-250,000
cash flow from financing
36,831,000
78,000
-827,000
11,921,000
17,983,000
5,542,000
10,765,000
17,267,000
85,280,000
cash and cash equivalents
cash
-5,299,000
4,328,000
2,956,000
-185,000
-575,000
1,133,000
-427,000
-4,762,000
8,919,000
overdraft
change in cash
-5,299,000
4,328,000
2,956,000
-185,000
-575,000
1,133,000
-427,000
-4,762,000
8,919,000
horiba mira 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 horiba mira limited. Get real-time insights into horiba mira limited's credit score, group structure and payment trends.
Perform a competitor analysis for horiba mira limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in CV10 area or any other competitors across 12 key performance metrics.
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
HORIBA LTD
accounts
Group
last accounts submitted
December 2023
previous names
hra international limited (July 2015)
accountant
-
auditor
GRANT THORNTON UK LLP
address
watling street nuneaton, warwickshire, CV10 0TU
Bank
-
Legal Advisor
-
horiba mira 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 1 charges/mortgages relating to horiba mira limited. Currently there are 1 open charges and 0 have been satisfied in the past.
horiba mira 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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horiba mira limitedCompanies House Filings - See Documents
