c/o fruition accountancy, unit 4, three spires house, station road, lichfield, WS13 6HX
Website
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mybitters limitedEstimated Valuation
£110.8k
Pomanda estimates the enterprise value of MYBITTERS LIMITED at £110.8k based on a Turnover of £188.5k and 0.59x industry multiple (adjusted for size and gross margin).
mybitters limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MYBITTERS LIMITED at £0 based on an EBITDA of £-12.3k and a 3.96x industry multiple (adjusted for size and gross margin).
mybitters limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MYBITTERS LIMITED at £0 based on Net Assets of £-11.2k and 2.03x industry multiple (adjusted for liquidity).
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Mybitters LimitedOverview
Mybitters Limited is a live company located in station road, WS13 6HX with a Companies House number of 10679957. It operates in the public houses and bars sector, SIC Code 56302. Founded in March 2017, it's largest shareholder is
matthew scriven
with a 100% stake. Mybitters Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£188.5k with
declining
growth in recent years.
Pomanda's financial health check has awarded Mybitters Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
0 Strong
3 Regular
7 Weak
Size
annual sales of £188.5k, make it smaller than the average company (£510.3k)
£188.5k - Mybitters Limited
£510.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (5.6%)
-18% - Mybitters Limited
5.6% - Industry AVG
Production
with a gross margin of 58.3%, this company has a comparable cost of product (58.3%)
58.3% - Mybitters Limited
58.3% - Industry AVG
Profitability
an operating margin of -6.5% make it less profitable than the average company (6.2%)
-6.5% - Mybitters Limited
6.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (13)
5 - Mybitters Limited
13 - Industry AVG
Pay Structure
on an average salary of £14.9k, the company has an equivalent pay structure (£14.9k)
£14.9k - Mybitters Limited
£14.9k - Industry AVG
Efficiency
resulting in sales per employee of £37.7k, this is less efficient (£48.2k)
£37.7k - Mybitters Limited
£48.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mybitters Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (50 days)
5 days - Mybitters Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mybitters Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 12 weeks, this is average cash available to meet short term requirements (15 weeks)
12 weeks - Mybitters Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 296.9%, this is a higher level of debt than the average (76.5%)
296.9% - Mybitters Limited
76.5% - Industry AVG
MYBITTERS LIMITED financials
EXPORT
Mybitters Limited's latest turnover from August 2023 is estimated at £188.5 thousand and the company has net assets of -£11.2 thousand. According to their latest financial statements, Mybitters Limited has 5 employees and maintains cash reserves of £4.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Turnover
188,526
189,325
201,033
342,687
439,987
324,603
Other Income Or Grants
Cost Of Sales
78,543
77,443
84,535
143,052
183,467
136,985
Gross Profit
109,984
111,882
116,498
199,635
256,520
187,617
Admin Expenses
122,267
111,314
113,418
190,869
271,681
176,863
Operating Profit
-12,283
568
3,080
8,766
-15,161
10,754
Interest Payable
678
2,059
1,525
Interest Receivable
387
110
14
25
207
122
Pre-Tax Profit
-11,896
1,036
7,265
-14,954
10,875
Tax
-197
-1,380
-2,066
Profit After Tax
-11,896
839
5,885
-14,954
8,809
Dividends Paid
Retained Profit
-11,896
839
5,885
-14,954
8,809
Employee Costs
74,602
85,906
132,253
143,240
169,108
130,615
Number Of Employees
5
6
10
10
11
8
EBITDA*
-12,283
568
3,080
8,766
-15,161
10,754
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
1,623
25,004
62,452
55,866
1,280
13,367
Cash
4,073
10,677
1,946
26,878
22,863
32,434
misc current assets
total current assets
5,696
35,681
64,398
82,744
24,143
45,801
total assets
5,696
35,681
64,398
82,744
24,143
45,801
Bank overdraft
3,846
2,500
Bank loan
Trade Creditors
1,093
46
528
3,521
1,470
429
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
15,820
34,956
45,691
29,383
28,718
36,463
total current liabilities
16,913
35,002
50,065
35,404
30,188
36,892
loans
13,654
47,500
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
13,654
47,500
total liabilities
16,913
35,002
63,719
82,904
30,188
36,892
net assets
-11,217
679
679
-160
-6,045
8,909
total shareholders funds
-11,217
679
679
-160
-6,045
8,909
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Operating Activities
Operating Profit
-12,283
568
3,080
8,766
-15,161
10,754
Depreciation
Amortisation
Tax
-197
-1,380
-2,066
Stock
Debtors
-23,381
-37,448
6,586
54,586
-12,087
13,367
Creditors
1,047
-482
-2,993
2,051
1,041
429
Accruals and Deferred Income
-19,136
-10,735
16,308
665
-7,745
36,463
Deferred Taxes & Provisions
Cash flow from operations
-6,991
26,799
9,612
-44,484
-9,778
32,213
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-13,654
-33,846
47,500
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
387
-568
-2,045
-1,500
207
122
cash flow from financing
387
-14,222
-35,891
46,000
207
222
cash and cash equivalents
cash
-6,604
8,731
-24,932
4,015
-9,571
32,434
overdraft
-3,846
1,346
2,500
change in cash
-6,604
12,577
-26,278
1,515
-9,571
32,434
mybitters 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 mybitters limited. Get real-time insights into mybitters limited's credit score, group structure and payment trends.
Perform a competitor analysis for mybitters limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in WS13 area or any other competitors across 12 key performance metrics.
mybitters limited Ownership
MYBITTERS LIMITED group structure
Mybitters Limited has no subsidiary companies.
Ultimate parent company
MYBITTERS LIMITED
10679957
MYBITTERS LIMITED Shareholders
The sole shareholder of Mybitters Limited is Matthew Scriven.
matthew scriven
100%
mybitters limited directors
Mybitters Limited currently has 1 director, Mr Matthew Scriven serving since Mar 2017.
c/o fruition accountancy, unit 4, three spires house, station road, lichfield, WS13 6HX
Bank
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Legal Advisor
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mybitters 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 mybitters limited.
mybitters 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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mybitters limitedCompanies House Filings - See Documents
