Mills Maritime Ltd

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mills maritime ltd Company Information

Live

YoungMicroDeclining

Company Number

10230109

Website

https://millsmaritime.co.uk

Registered Address

brith-chy the lizard, helston, TR12 7NJ

Industry

Management consultancy activities (other than financial management)

Telephone

Next Accounts Due

March 2025

Group Structure

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Directors

Mab Mills8 Years

Nathan Mills8 Years

Shareholders

nathan mills 50.1%

mab elizabeth rose mills 49.9%

mills maritime ltd Estimated Valuation

£109.1k

Pomanda estimates the enterprise value of MILLS MARITIME LTD at £109.1k based on Net Assets of £39.1k and 2.79x industry multiple (adjusted for liquidity).

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Mills Maritime Ltd is a live company located in helston, TR12 7NJ with a Companies House number of 10230109. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in June 2016, it's largest shareholder is nathan mills with a 50.1% stake. Mills Maritime Ltd is a young, micro sized company, Pomanda has estimated its turnover at £90.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Mills Maritime Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £90.4k, make it smaller than the average company (£304.1k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.2%)

EXPORT

Mills Maritime Ltd's latest turnover from June 2023 is estimated at £90.4 thousand and the company has net assets of £39.1 thousand. According to their latest financial statements, Mills Maritime Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Turnover	90,415	109,114	60,941	103,201	41,160	47,543	30,296
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	67,028	81,821	45,984	77,801	30,457	34,067	20,932
Gross Profit	23,387	27,293	14,957	25,400	10,704	13,476	9,364
Admin Expenses	39,841	74,228	-61,029	-34,783	36,593	8,592	-7,432
Operating Profit	-16,454	-46,935	75,986	60,183	-25,889	4,884	16,796
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	482	39	0	0	0	0
Pre-Tax Profit	-16,454	-46,453	76,025	60,183	-25,889	4,884	16,796
Tax	0	0	-14,445	-11,435	0	-928	-3,191
Profit After Tax	-16,454	-46,453	61,580	48,748	-25,889	3,956	13,605
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-16,454	-46,453	61,580	48,748	-25,889	3,956	13,605
Employee Costs	83,397	81,100	80,000	71,504	92,045	46,978	44,279
Number Of Employees	2	2	2	2	2	1	1
EBITDA*	-16,454	-41,102	75,986	60,183	-25,889	4,884	16,796

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Tangible Assets	14,746	23,329	167	333	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	14,746	23,329	167	333	0	0	0
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	44,127	63,678	26,575	51,967	1,440	24,066	15,235
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	1,037	1,027	0	0	0
Cash	0	0	77,168	0	0	0	0
misc current assets	0	0	0	0	0	0	0
total current assets	44,127	63,678	104,780	52,994	1,440	24,066	15,235
total assets	58,873	87,007	104,947	53,327	1,440	24,066	15,235
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	5,009	8,459	1,147	12,257	9,118	6,505	1,630
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	800	0	0	0	0
total current liabilities	5,009	8,459	1,947	12,257	9,118	6,505	1,630
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	650	650	0	0
other liabilities	14,771	23,001	0	0	0	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	14,771	23,001	0	650	650	0	0
total liabilities	19,780	31,460	1,947	12,907	9,768	6,505	1,630
net assets	39,093	55,547	103,000	40,420	-8,328	17,561	13,605
total shareholders funds	39,093	55,547	103,000	40,420	-8,328	17,561	13,605

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Operating Profit	-16,454	-46,935	75,986	60,183	-25,889	4,884	16,796
Depreciation	0	5,833	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	0	0	-14,445	-11,435	0	-928	-3,191
Stock	0	0	0	0	0	0	0
Debtors	-19,551	36,066	-25,382	51,554	-22,626	8,831	15,235
Creditors	-3,450	7,312	-11,110	3,139	2,613	4,875	1,630
Accruals and Deferred Income	0	-800	150	0	650	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	-353	-70,656	75,963	333	0	0	0
Investing Activities
capital expenditure	8,583	-28,995	166	-333	0	0	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	8,583	-28,995	166	-333	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-8,230	23,001	0	0	0	0	0
share issue	0	-1,000	1,000	0	0	0	0
interest	0	482	39	0	0	0	0
cash flow from financing	-8,230	22,483	1,039	0	0	0	0
cash and cash equivalents
cash	0	-77,168	77,168	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	0	-77,168	77,168	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mills maritime ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TR12 area or any other competitors across 12 key performance metrics.

MILLS MARITIME LTD group structure

Mills Maritime Ltd has no subsidiary companies.

Ultimate parent company

MILLS MARITIME LTD

10230109

MILLS MARITIME LTD Shareholders

nathan mills	50.1%
mab elizabeth rose mills	49.9%

Mills Maritime Ltd currently has 2 directors. The longest serving directors include Mrs Mab Mills (Jun 2016) and Mr Nathan Mills (Jun 2016).

officer	country	age	start	end	role
Mrs Mab Mills	England	37 years	Jun 2016	-	Director
Mr Nathan Mills	England	52 years	Jun 2016	-	Director

P&L

June 2023

turnover

90.4k

-17%

operating profit

-16.5k

gross margin

25.9%

+3.41%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

39.1k

-0.3%

total assets

58.9k

-0.32%

cash

net assets

Total assets minus all liabilities

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company number

10230109

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

June 2016

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2023

address

brith-chy the lizard, helston, TR12 7NJ

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 mills maritime ltd.

mills maritime ltd Company Information

mills maritime ltd Estimated Valuation

mills maritime ltd Estimated Valuation

mills maritime ltd Estimated Valuation

Mills Maritime Ltd Overview

Mills Maritime Ltd Health Check

MILLS MARITIME LTD financials

mills maritime ltd Credit Report and Business Information

Mills Maritime Ltd Competitor Analysis

mills maritime ltd Ownership

mills maritime ltd directors

mills maritime ltd company details

mills maritime ltd Charges & Mortgages

mills maritime ltd Companies House Filings - See Documents