Pomanda estimates the enterprise value of MIDWAY DESIGN SERVICES LTD at £23.4k based on a Turnover of £83.9k and 0.28x industry multiple (adjusted for size and gross margin).
midway design services ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of MIDWAY DESIGN SERVICES LTD at £0 based on an EBITDA of £-15.7k and a 2.24x industry multiple (adjusted for size and gross margin).
midway design services ltdEstimated Valuation
£14.2k
Pomanda estimates the enterprise value of MIDWAY DESIGN SERVICES LTD at £14.2k based on Net Assets of £8.1k and 1.75x industry multiple (adjusted for liquidity).
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Midway Design Services LtdOverview
Midway Design Services Ltd is a live company located in stoke-on-trent, ST3 1HZ with a Companies House number of 10749619. It operates in the specialised design activities sector, SIC Code 74100. Founded in May 2017, it's largest shareholder is
philip harper
with a 33.3% stake. Midway Design Services Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£83.9k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Midway Design Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
3 Regular
6 Weak
Size
annual sales of £83.9k, make it smaller than the average company (£194.4k)
£83.9k - Midway Design Services Ltd
£194.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (13.4%)
11% - Midway Design Services Ltd
13.4% - Industry AVG
Production
with a gross margin of 25.9%, this company has a higher cost of product (48.6%)
25.9% - Midway Design Services Ltd
48.6% - Industry AVG
Profitability
an operating margin of -18.7% make it less profitable than the average company (8.8%)
-18.7% - Midway Design Services Ltd
8.8% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Midway Design Services Ltd
2 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
£31.2k - Midway Design Services Ltd
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £42k, this is less efficient (£100k)
£42k - Midway Design Services Ltd
£100k - Industry AVG
Debtor Days
it gets paid by customers after 111 days, this is later than average (71 days)
111 days - Midway Design Services Ltd
71 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (39 days)
105 days - Midway Design Services Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midway Design Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Midway Design Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.9%, this is a higher level of debt than the average (59.3%)
73.9% - Midway Design Services Ltd
59.3% - Industry AVG
MIDWAY DESIGN SERVICES LTD financials
EXPORT
Midway Design Services Ltd's latest turnover from March 2024 is estimated at £83.9 thousand and the company has net assets of £8.1 thousand. According to their latest financial statements, Midway Design Services Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Turnover
83,937
153,295
105,614
61,678
38,642
25,860
26,452
Other Income Or Grants
Cost Of Sales
62,214
113,884
75,791
44,120
26,445
17,132
17,534
Gross Profit
21,723
39,411
29,823
17,559
12,197
8,729
8,918
Admin Expenses
37,403
27,955
24,486
17,452
5,909
16,171
-6,486
Operating Profit
-15,680
11,456
5,337
107
6,288
-7,442
15,404
Interest Payable
Interest Receivable
Pre-Tax Profit
-15,680
11,456
5,337
107
6,288
-7,442
15,404
Tax
-2,177
-1,014
-20
-1,195
-2,927
Profit After Tax
-15,680
9,279
4,323
87
5,093
-7,442
12,477
Dividends Paid
Retained Profit
-15,680
9,279
4,323
87
5,093
-7,442
12,477
Employee Costs
62,345
25,214
27,593
52,616
29,541
40,590
40,365
Number Of Employees
2
1
1
2
1
1
1
EBITDA*
-15,680
11,456
5,337
107
6,288
-7,442
15,404
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Tangible Assets
5,644
7,055
8,819
9,452
10,137
10,879
7,278
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
5,644
7,055
8,819
9,452
10,137
10,879
7,278
Stock & work in progress
Trade Debtors
25,554
70,511
49,066
20,643
11,309
3,837
10,338
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
25,554
70,511
49,066
20,643
11,309
3,837
10,338
total assets
31,198
77,566
57,885
30,095
21,446
14,716
17,616
Bank overdraft
Bank loan
Trade Creditors
17,986
46,337
33,314
7,047
11,318
9,681
3,989
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
17,986
46,337
33,314
7,047
11,318
9,681
3,989
loans
hp & lease commitments
Accruals and Deferred Income
175
1,150
other liabilities
4,900
7,412
10,033
12,833
provisions
total long term liabilities
5,075
7,412
10,033
12,833
1,150
total liabilities
23,061
53,749
43,347
19,880
11,318
9,681
5,139
net assets
8,137
23,817
14,538
10,215
10,128
5,035
12,477
total shareholders funds
8,137
23,817
14,538
10,215
10,128
5,035
12,477
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Operating Activities
Operating Profit
-15,680
11,456
5,337
107
6,288
-7,442
15,404
Depreciation
Amortisation
Tax
-2,177
-1,014
-20
-1,195
-2,927
Stock
Debtors
-44,957
21,445
28,423
9,334
7,472
-6,501
10,338
Creditors
-28,351
13,023
26,267
-4,271
1,637
5,692
3,989
Accruals and Deferred Income
175
-1,150
1,150
Deferred Taxes & Provisions
Cash flow from operations
1,101
857
2,167
-13,518
-742
3,601
7,278
Investing Activities
capital expenditure
1,411
1,764
633
685
742
-3,601
-7,278
Change in Investments
cash flow from investments
1,411
1,764
633
685
742
-3,601
-7,278
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-2,512
-2,621
-2,800
12,833
share issue
interest
cash flow from financing
-2,512
-2,621
-2,800
12,833
cash and cash equivalents
cash
overdraft
change in cash
midway design services 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 midway design services ltd. Get real-time insights into midway design services ltd's credit score, group structure and payment trends.
Perform a competitor analysis for midway design services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in ST3 area or any other competitors across 12 key performance metrics.
midway design services ltd Ownership
MIDWAY DESIGN SERVICES LTD group structure
Midway Design Services Ltd has no subsidiary companies.
Ultimate parent company
MIDWAY DESIGN SERVICES LTD
10749619
MIDWAY DESIGN SERVICES LTD Shareholders
The largest shareholders in Midway Design Services Ltd include Philip Harper and Jonathan Palk.
philip harper
33.33%
jonathan palk
33.33%
lee shaw
33.33%
midway design services ltd directors
Midway Design Services Ltd currently has 3 directors.
The longest serving directors include
Mr Philip Harper (May 2017) and
Mr Jonathan Palk (May 2017).
atlas works sutherland road, stoke-on-trent, ST3 1HZ
Bank
-
Legal Advisor
-
midway design services 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 midway design services ltd.
midway design services 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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midway design services ltdCompanies House Filings - See Documents
