Pomanda estimates the enterprise value of MINOAN PROJECTS LTD at £797.7k based on a Turnover of £1.9m and 0.41x industry multiple (adjusted for size and gross margin).
minoan projects ltdEstimated Valuation
£3.3m
Pomanda estimates the enterprise value of MINOAN PROJECTS LTD at £3.3m based on an EBITDA of £1.1m and a 3.02x industry multiple (adjusted for size and gross margin).
minoan projects ltdEstimated Valuation
£1.6m
Pomanda estimates the enterprise value of MINOAN PROJECTS LTD at £1.6m based on Net Assets of £756.5k and 2.13x industry multiple (adjusted for liquidity).
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Minoan Projects LtdOverview
Minoan Projects Ltd is a live company located in whitley bay, NE26 3QR with a Companies House number of 10023232. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2016, it's largest shareholder is
christopher harding
with a 100% stake. Minoan Projects Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.9m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Minoan Projects Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
2 Regular
4 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£4m)
£1.9m - Minoan Projects Ltd
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.1%)
7% - Minoan Projects Ltd
8.1% - Industry AVG
Production
with a gross margin of 17.1%, this company has a higher cost of product (38.5%)
17.1% - Minoan Projects Ltd
38.5% - Industry AVG
Profitability
an operating margin of 55.7% make it more profitable than the average company (5.6%)
55.7% - Minoan Projects Ltd
5.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (24)
10 - Minoan Projects Ltd
24 - Industry AVG
Pay Structure
on an average salary of £49.9k, the company has an equivalent pay structure (£49.9k)
£49.9k - Minoan Projects Ltd
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £193.1k, this is more efficient (£153.8k)
£193.1k - Minoan Projects Ltd
£153.8k - Industry AVG
Debtor Days
it gets paid by customers after 150 days, this is later than average (39 days)
150 days - Minoan Projects Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is slower than average (33 days)
49 days - Minoan Projects Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Minoan Projects Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Minoan Projects Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.5%, this is a lower level of debt than the average (60.7%)
22.5% - Minoan Projects Ltd
60.7% - Industry AVG
MINOAN PROJECTS LTD financials
EXPORT
Minoan Projects Ltd's latest turnover from February 2024 is estimated at £1.9 million and the company has net assets of £756.5 thousand. According to their latest financial statements, Minoan Projects Ltd has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Turnover
1,930,842
4,174,083
2,043,357
1,592,399
1,137,638
286,107
102,633
26,369
Other Income Or Grants
Cost Of Sales
1,600,807
3,440,159
1,711,140
1,339,572
940,650
238,492
85,066
21,556
Gross Profit
330,034
733,924
332,217
252,828
196,988
47,614
17,567
4,813
Admin Expenses
-745,954
739,147
382,794
257,085
137,187
49,590
54,391
6,967
Operating Profit
1,075,988
-5,223
-50,577
-4,257
59,801
-1,976
-36,824
-2,154
Interest Payable
Interest Receivable
77
428
217
1,300
331
19
Pre-Tax Profit
1,075,988
-5,146
-50,149
-4,040
61,101
-1,645
-36,805
-2,154
Tax
-268,997
-11,609
Profit After Tax
806,991
-5,146
-50,149
-4,040
49,492
-1,645
-36,805
-2,154
Dividends Paid
Retained Profit
806,991
-5,146
-50,149
-4,040
49,492
-1,645
-36,805
-2,154
Employee Costs
499,098
474,118
315,846
127,827
42,143
40,846
38,718
38,407
Number Of Employees
10
10
7
3
1
1
1
1
EBITDA*
1,075,988
1,397
-43,776
2,335
65,531
-1,976
-36,544
-1,873
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Tangible Assets
179,033
1,935
8,555
14,001
17,187
289
569
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
179,033
1,935
8,555
14,001
17,187
289
569
Stock & work in progress
1,209,614
1,027,514
615,812
13,727
Trade Debtors
796,511
1,482,321
131,766
164,239
110,325
65,515
1,873
Group Debtors
Misc Debtors
Cash
3,847
167,231
266,092
80,530
7,680
104
misc current assets
total current assets
796,511
1,482,321
1,345,227
1,358,984
992,229
159,772
7,680
1,977
total assets
975,544
1,484,256
1,353,782
1,372,985
1,009,416
159,772
7,969
2,546
Bank overdraft
Bank loan
Trade Creditors
219,000
1,534,703
1,346,323
1,315,377
997,459
200,276
46,828
4,600
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
219,000
1,534,703
1,346,323
1,315,377
997,459
200,276
46,828
4,600
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
50,000
50,000
provisions
2,660
2,660
2,969
total long term liabilities
52,660
52,660
2,969
total liabilities
219,000
1,534,703
1,398,983
1,368,037
1,000,428
200,276
46,828
4,600
net assets
756,544
-50,447
-45,201
4,948
8,988
-40,504
-38,859
-2,054
total shareholders funds
756,544
-50,447
-45,201
4,948
8,988
-40,504
-38,859
-2,054
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Operating Activities
Operating Profit
1,075,988
-5,223
-50,577
-4,257
59,801
-1,976
-36,824
-2,154
Depreciation
6,620
6,801
6,592
5,730
280
281
Amortisation
Tax
-268,997
-11,609
Stock
-1,209,614
182,100
411,702
602,085
13,727
Debtors
-685,810
1,350,555
-32,473
53,914
44,810
65,515
-1,873
1,873
Creditors
-1,315,703
188,380
30,946
317,918
797,183
153,448
42,228
4,600
Accruals and Deferred Income
Deferred Taxes & Provisions
-2,660
-309
2,969
Cash flow from operations
177,098
46,176
-162,457
-145,672
207,179
72,230
7,557
854
Investing Activities
capital expenditure
-177,098
-1,355
-3,406
-22,917
289
-850
Change in Investments
cash flow from investments
-177,098
-1,355
-3,406
-22,917
289
-850
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-50,000
50,000
share issue
-100
100
interest
77
428
217
1,300
331
19
cash flow from financing
-50,023
428
50,217
1,300
331
19
100
cash and cash equivalents
cash
-3,847
-163,384
-98,861
185,562
72,850
7,576
104
overdraft
change in cash
-3,847
-163,384
-98,861
185,562
72,850
7,576
104
minoan projects ltd 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 minoan projects ltd. Get real-time insights into minoan projects ltd's credit score, group structure and payment trends.
Perform a competitor analysis for minoan projects ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NE26 area or any other competitors across 12 key performance metrics.
minoan projects ltd Ownership
MINOAN PROJECTS LTD group structure
Minoan Projects Ltd has no subsidiary companies.
Ultimate parent company
MINOAN PROJECTS LTD
10023232
MINOAN PROJECTS LTD Shareholders
The sole shareholder of Minoan Projects Ltd is Christopher Harding.
christopher harding
100%
minoan projects ltd directors
Minoan Projects Ltd currently has 1 director, Mr Christopher Harding serving since Dec 2024.
82990 - Other business support service activities n.e.c.
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
verdemar house 230 park view, whitley bay, NE26 3QR
Bank
-
Legal Advisor
-
minoan projects ltd 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 minoan projects ltd.
minoan projects ltd 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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minoan projects ltdCompanies House Filings - See Documents
