mychips limited
mychips limited Company Information
Company Number
10659038
Website
-Registered Address
77 holyhead road, birmingham, B21 0LG
Industry
Take away food shops and mobile food stands
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mandeep kumar sharma 50%
harminder sandhu 50%
mychips limited Estimated Valuation
Pomanda estimates the enterprise value of MYCHIPS LIMITED at £92.6k based on a Turnover of £170.8k and 0.54x industry multiple (adjusted for size and gross margin).
mychips limited Estimated Valuation
Pomanda estimates the enterprise value of MYCHIPS LIMITED at £0 based on an EBITDA of £-6.3k and a 4.01x industry multiple (adjusted for size and gross margin).
mychips limited Estimated Valuation
Pomanda estimates the enterprise value of MYCHIPS LIMITED at £0 based on Net Assets of £-28.7k and 2.36x industry multiple (adjusted for liquidity).
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Mychips Limited Overview
Mychips Limited is a live company located in birmingham, B21 0LG with a Companies House number of 10659038. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in March 2017, it's largest shareholder is mandeep kumar sharma with a 50% stake. Mychips Limited is a young, micro sized company, Pomanda has estimated its turnover at £170.8k with unknown growth in recent years.
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Mychips Limited Health Check
Pomanda's financial health check has awarded Mychips Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £170.8k, make it in line with the average company (£148.6k)
- Mychips Limited
£148.6k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mychips Limited
- - Industry AVG
Production
with a gross margin of 32%, this company has a higher cost of product (52.9%)
- Mychips Limited
52.9% - Industry AVG
Profitability
an operating margin of -3.7% make it less profitable than the average company (3.4%)
- Mychips Limited
3.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Mychips Limited
5 - Industry AVG
Pay Structure
on an average salary of £11.4k, the company has an equivalent pay structure (£11.4k)
- Mychips Limited
£11.4k - Industry AVG
Efficiency
resulting in sales per employee of £85.4k, this is more efficient (£37.6k)
- Mychips Limited
£37.6k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (19 days)
- Mychips Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 347 days, this is slower than average (20 days)
- Mychips Limited
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mychips Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mychips Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 135.1%, this is a higher level of debt than the average (88.9%)
135.1% - Mychips Limited
88.9% - Industry AVG
MYCHIPS LIMITED financials
Mychips Limited's latest turnover from March 2023 is estimated at £170.8 thousand and the company has net assets of -£28.7 thousand. According to their latest financial statements, Mychips Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| 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 | 2 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 58,084 | 68,333 | 19,177 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 58,084 | 68,333 | 19,177 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,636 | 23,264 | 6,399 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 1 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,636 | 23,264 | 6,399 | 1 | 0 | 0 |
| total assets | 81,720 | 91,597 | 25,576 | 1 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 110,427 | 114,025 | 38,859 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 110,427 | 114,025 | 38,859 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 110,427 | 114,025 | 38,859 | 0 | 0 | 0 |
| net assets | -28,707 | -22,428 | -13,283 | 1 | 0 | 0 |
| total shareholders funds | -28,707 | -22,428 | -13,283 | 1 | 0 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | |||||
| Amortisation | 0 | |||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 372 | 16,865 | 6,399 | 0 | 0 | 0 |
| Creditors | -3,598 | 75,166 | 38,859 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | -1 | 1 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -1 | 1 | 0 | 0 |
mychips limited Credit Report and Business Information
Mychips Limited Competitor Analysis
Perform a competitor analysis for mychips limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in B21 area or any other competitors across 12 key performance metrics.
mychips limited Ownership
MYCHIPS LIMITED group structure
Mychips Limited has no subsidiary companies.
Ultimate parent company
MYCHIPS LIMITED
10659038
mychips limited directors
Mychips Limited currently has 2 directors. The longest serving directors include Mr Harminder Sandhu (Jan 2023) and Mr Mandeep Sharma (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Harminder Sandhu | England | 43 years | Jan 2023 | - | Director |
| Mr Mandeep Sharma | England | 47 years | Jul 2024 | - | Director |
P&L
March 2023turnover
170.8k
-1%
operating profit
-6.3k
0%
gross margin
32.1%
-8.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-28.7k
+0.28%
total assets
81.7k
-0.11%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
mychips limited company details
company number
10659038
Type
Private limited with Share Capital
industry
56103 - Take away food shops and mobile food stands
incorporation date
March 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
77 holyhead road, birmingham, B21 0LG
Bank
-
Legal Advisor
-
mychips 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 mychips limited.
mychips limited Companies House Filings - See Documents
| date | description | view/download |
|---|
