milehouse foods limited
milehouse foods limited Company Information
Company Number
09873444
Next Accounts
Jul 2025
Shareholders
integra (uk) investment holdings limited
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
45/49 greek street, stockport, cheshire, SK3 8AX
Website
-milehouse foods limited Estimated Valuation
Pomanda estimates the enterprise value of MILEHOUSE FOODS LIMITED at £47.1m based on a Turnover of £27.4m and 1.72x industry multiple (adjusted for size and gross margin).
milehouse foods limited Estimated Valuation
Pomanda estimates the enterprise value of MILEHOUSE FOODS LIMITED at £20.2m based on an EBITDA of £2.8m and a 7.13x industry multiple (adjusted for size and gross margin).
milehouse foods limited Estimated Valuation
Pomanda estimates the enterprise value of MILEHOUSE FOODS LIMITED at £8.5m based on Net Assets of £6.3m and 1.34x industry multiple (adjusted for liquidity).
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Milehouse Foods Limited Overview
Milehouse Foods Limited is a live company located in cheshire, SK3 8AX with a Companies House number of 09873444. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2015, it's largest shareholder is integra (uk) investment holdings limited with a 100% stake. Milehouse Foods Limited is a established, large sized company, Pomanda has estimated its turnover at £27.4m with high growth in recent years.
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Milehouse Foods Limited Health Check
Pomanda's financial health check has awarded Milehouse Foods Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £27.4m, make it larger than the average company (£18.8m)
£27.4m - Milehouse Foods Limited
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (9.1%)
19% - Milehouse Foods Limited
9.1% - Industry AVG
Production
with a gross margin of 30.4%, this company has a comparable cost of product (34.8%)
30.4% - Milehouse Foods Limited
34.8% - Industry AVG
Profitability
an operating margin of 8% make it more profitable than the average company (4.7%)
8% - Milehouse Foods Limited
4.7% - Industry AVG
Employees
with 114 employees, this is similar to the industry average (103)
114 - Milehouse Foods Limited
103 - Industry AVG
Pay Structure
on an average salary of £43k, the company has an equivalent pay structure (£43.1k)
£43k - Milehouse Foods Limited
£43.1k - Industry AVG
Efficiency
resulting in sales per employee of £240.6k, this is more efficient (£186.7k)
£240.6k - Milehouse Foods Limited
£186.7k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (45 days)
58 days - Milehouse Foods Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is close to average (45 days)
47 days - Milehouse Foods Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 61 days, this is more than average (38 days)
61 days - Milehouse Foods Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (14 weeks)
19 weeks - Milehouse Foods Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.6%, this is a lower level of debt than the average (68.9%)
57.6% - Milehouse Foods Limited
68.9% - Industry AVG
MILEHOUSE FOODS LIMITED financials
Milehouse Foods Limited's latest turnover from October 2023 is £27.4 million and the company has net assets of £6.3 million. According to their latest financial statements, Milehouse Foods Limited has 114 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 27,432,114 | 22,632,724 | 17,378,248 | 16,117,629 | 17,729,102 | 17,298,294 | 18,009,837 | 14,390,769 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 19,098,666 | 15,255,984 | 11,831,418 | 11,234,634 | 12,143,817 | 12,128,168 | 12,285,917 | 10,106,171 |
| Gross Profit | 8,333,448 | 7,376,740 | 5,546,830 | 4,882,995 | 5,585,285 | 5,170,126 | 5,723,920 | 4,284,598 |
| Admin Expenses | 6,130,323 | 5,437,495 | 4,040,030 | 3,924,634 | 4,625,502 | 4,286,074 | 4,518,882 | 3,098,474 |
| Operating Profit | 2,203,125 | 1,939,245 | 1,506,800 | 958,361 | 959,783 | 884,052 | 1,205,038 | 1,186,124 |
| Interest Payable | 79,449 | 49,741 | 37,374 | 42,322 | 56,280 | 74,025 | 74,398 | 66,851 |
| Interest Receivable | 0 | 0 | 0 | 0 | 314 | 22 | 0 | 8 |
| Pre-Tax Profit | 2,123,676 | 1,889,504 | 1,469,426 | 916,039 | 903,817 | 810,049 | 1,130,640 | 1,119,281 |
| Tax | -493,910 | -250,847 | -320,239 | -101,379 | 9,569 | -169,481 | -242,073 | -202,175 |
| Profit After Tax | 1,629,766 | 1,638,657 | 1,149,187 | 814,660 | 913,386 | 640,568 | 888,567 | 917,106 |
| Dividends Paid | 277,541 | 246,888 | 337,693 | 357,172 | 208,025 | 208,027 | 208,025 | 434,088 |
| Retained Profit | 1,352,225 | 1,391,769 | 811,494 | 457,488 | 705,361 | 432,541 | 680,542 | 483,018 |
| Employee Costs | 4,896,730 | 3,980,392 | 3,193,072 | 3,260,858 | 3,978,502 | 3,687,947 | 3,612,230 | 3,112,876 |
| Number Of Employees | 114 | 102 | 91 | 116 | 135 | 131 | 135 | 136 |
| EBITDA* | 2,840,008 | 2,524,130 | 2,039,411 | 1,472,689 | 1,444,508 | 1,362,091 | 1,859,987 | 1,564,525 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,421,913 | 3,825,038 | 3,638,433 | 3,843,869 | 4,030,318 | 3,969,560 | 4,120,019 | 4,117,953 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 15,434 | 235,887 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,421,913 | 3,825,038 | 3,638,433 | 3,843,869 | 4,030,318 | 3,969,560 | 4,135,453 | 4,353,840 |
| Stock & work in progress | 3,236,246 | 2,833,627 | 2,593,305 | 1,629,384 | 2,037,855 | 2,146,459 | 1,661,956 | 1,489,627 |
| Trade Debtors | 4,366,547 | 2,950,994 | 3,148,757 | 2,294,157 | 3,465,003 | 3,174,588 | 3,030,453 | 3,264,688 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 253,338 | 678,006 | 461,687 | 205,051 | 417,012 | 204,696 | 236,691 | 282,033 |
| Cash | 2,609,475 | 3,635,954 | 2,631,320 | 1,074,594 | 525,030 | 302,862 | 91,866 | 48,423 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,465,606 | 10,098,581 | 8,835,069 | 5,203,186 | 6,444,900 | 5,828,605 | 5,020,966 | 5,084,771 |
| total assets | 14,887,519 | 13,923,619 | 12,473,502 | 9,047,055 | 10,475,218 | 9,798,165 | 9,156,419 | 9,438,611 |
| Bank overdraft | 262,446 | 257,783 | 264,838 | 128,126 | 61,352 | 58,273 | 116,541 | 307,128 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,474,953 | 3,251,313 | 2,808,890 | 1,669,377 | 3,047,949 | 2,832,807 | 1,948,531 | 2,073,743 |
| Group/Directors Accounts | 0 | 10,545 | 32,724 | 18,074 | 80,493 | 0 | 187,516 | 302,402 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 30,510 | 110,129 | 74,892 | 145,429 | 313,437 | 400,884 | 320,748 |
| other current liabilities | 4,182,938 | 3,659,076 | 3,714,170 | 2,153,455 | 3,674,646 | 3,575,014 | 3,588,661 | 3,922,442 |
| total current liabilities | 6,920,337 | 7,209,227 | 6,930,751 | 4,043,924 | 7,009,869 | 6,779,531 | 6,242,133 | 6,926,463 |
| loans | 805,300 | 1,072,410 | 1,329,901 | 1,597,316 | 725,767 | 788,683 | 852,515 | 976,038 |
| hp & lease commitments | 0 | 0 | 29,952 | 142,625 | 0 | 145,393 | 393,202 | 516,943 |
| Accruals and Deferred Income | 94,580 | 104,006 | 113,432 | 122,857 | 132,283 | 141,709 | 151,134 | 160,560 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 752,760 | 575,659 | 498,918 | 381,279 | 305,733 | 346,644 | 353,771 | 375,485 |
| total long term liabilities | 1,652,640 | 1,752,075 | 1,972,203 | 2,244,077 | 1,163,783 | 1,422,429 | 1,750,622 | 2,029,026 |
| total liabilities | 8,572,977 | 8,961,302 | 8,902,954 | 6,288,001 | 8,173,652 | 8,201,960 | 7,992,755 | 8,955,489 |
| net assets | 6,314,542 | 4,962,317 | 3,570,548 | 2,759,054 | 2,301,566 | 1,596,205 | 1,163,664 | 483,122 |
| total shareholders funds | 6,314,542 | 4,962,317 | 3,570,548 | 2,759,054 | 2,301,566 | 1,596,205 | 1,163,664 | 483,122 |
| Oct 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,203,125 | 1,939,245 | 1,506,800 | 958,361 | 959,783 | 884,052 | 1,205,038 | 1,186,124 |
| Depreciation | 636,883 | 584,885 | 532,611 | 514,328 | 484,725 | 462,605 | 434,495 | 310,100 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 15,434 | 220,454 | 68,301 |
| Tax | -493,910 | -250,847 | -320,239 | -101,379 | 9,569 | -169,481 | -242,073 | -202,175 |
| Stock | 402,619 | 240,322 | 963,921 | -408,471 | -108,604 | 484,503 | 172,329 | 1,489,627 |
| Debtors | 990,885 | 18,556 | 1,111,236 | -1,382,807 | 502,731 | 112,140 | -279,577 | 3,546,721 |
| Creditors | -776,360 | 442,423 | 1,139,513 | -1,378,572 | 215,142 | 884,276 | -125,212 | 2,073,743 |
| Accruals and Deferred Income | 514,436 | -64,520 | 1,551,290 | -1,530,617 | 90,206 | -23,072 | -343,207 | 4,083,002 |
| Deferred Taxes & Provisions | 177,101 | 76,741 | 117,639 | 75,546 | -40,911 | -7,127 | -21,714 | 375,485 |
| Cash flow from operations | 867,771 | 2,469,049 | 2,452,457 | 328,945 | 1,324,387 | 1,450,044 | 1,235,029 | 2,858,232 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -319,977 | -436,953 | -469,742 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -319,977 | -436,953 | -469,742 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -10,545 | -22,179 | 14,650 | -62,419 | 80,493 | -187,516 | -114,886 | 302,402 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -267,110 | -257,491 | -267,415 | 871,549 | -62,916 | -63,832 | -123,523 | 976,038 |
| Hire Purchase and Lease Commitments | -30,510 | -109,571 | -77,436 | 72,088 | -313,401 | -335,256 | -43,605 | 837,691 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -79,449 | -49,741 | -37,374 | -42,322 | -55,966 | -74,003 | -74,398 | -66,843 |
| cash flow from financing | -387,614 | -438,982 | -367,575 | 838,896 | -351,790 | -660,607 | -356,412 | 2,049,392 |
| cash and cash equivalents | ||||||||
| cash | -1,026,479 | 1,004,634 | 1,556,726 | 549,564 | 222,168 | 210,996 | 43,443 | 48,423 |
| overdraft | 4,663 | -7,055 | 136,712 | 66,774 | 3,079 | -58,268 | -190,587 | 307,128 |
| change in cash | -1,031,142 | 1,011,689 | 1,420,014 | 482,790 | 219,089 | 269,264 | 234,030 | -258,705 |
milehouse foods limited Credit Report and Business Information
Milehouse Foods Limited Competitor Analysis
Perform a competitor analysis for milehouse foods limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in SK3 area or any other competitors across 12 key performance metrics.
milehouse foods limited Ownership
MILEHOUSE FOODS LIMITED group structure
Milehouse Foods Limited has 3 subsidiary companies.
Ultimate parent company
SHALLAN INVESTMENTS LTD
#0015038
2 parents
MILEHOUSE FOODS LIMITED
09873444
3 subsidiaries
milehouse foods limited directors
Milehouse Foods Limited currently has 3 directors. The longest serving directors include Mr Simon Whittaker (May 2024) and Mr Alim Somji (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Whittaker | 57 years | May 2024 | - | Director | |
| Mr Alim Somji | 65 years | May 2024 | - | Director | |
| Mr Shafin Somji | 35 years | May 2024 | - | Director |
P&L
October 2023turnover
27.4m
+21%
operating profit
2.2m
+14%
gross margin
30.4%
-6.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
6.3m
+0.27%
total assets
14.9m
+0.07%
cash
2.6m
-0.28%
net assets
Total assets minus all liabilities
milehouse foods limited company details
company number
09873444
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
November 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
DOWNHAM MORRIS MAYER & CO
address
45/49 greek street, stockport, cheshire, SK3 8AX
Bank
-
Legal Advisor
-
milehouse foods 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 3 charges/mortgages relating to milehouse foods limited. Currently there are 1 open charges and 2 have been satisfied in the past.
milehouse foods 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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milehouse foods limited Companies House Filings - See Documents
| date | description | view/download |
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