milim cic
milim cic Company Information
Company Number
10886269
Next Accounts
Jun 2025
Shareholders
-
Group Structure
View All
Industry
Support activities to performing arts
+3Registered Address
ground floor 6 queen street, leeds, west yorkshire, LS1 2TW
Website
-milim cic Estimated Valuation
Pomanda estimates the enterprise value of MILIM CIC at £53.9k based on a Turnover of £53k and 1.02x industry multiple (adjusted for size and gross margin).
milim cic Estimated Valuation
Pomanda estimates the enterprise value of MILIM CIC at £0 based on an EBITDA of £-1.8k and a 10.66x industry multiple (adjusted for size and gross margin).
milim cic Estimated Valuation
Pomanda estimates the enterprise value of MILIM CIC at £17.3k based on Net Assets of £11.5k and 1.5x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Milim Cic Overview
Milim Cic is a live company located in west yorkshire, LS1 2TW with a Companies House number of 10886269. It operates in the cultural education sector, SIC Code 85520. Founded in July 2017, it's largest shareholder is unknown. Milim Cic is a young, micro sized company, Pomanda has estimated its turnover at £53k with declining growth in recent years.
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Milim Cic Health Check
Pomanda's financial health check has awarded Milim Cic a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £53k, make it smaller than the average company (£269.2k)
£53k - Milim Cic
£269.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (5.4%)
- Milim Cic
5.4% - Industry AVG
Production
with a gross margin of 99.7%, this company has a lower cost of product (50.7%)
99.7% - Milim Cic
50.7% - Industry AVG
Profitability
an operating margin of -4.6% make it less profitable than the average company (3.9%)
-4.6% - Milim Cic
3.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (5)
4 - Milim Cic
5 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has an equivalent pay structure (£26.7k)
- Milim Cic
£26.7k - Industry AVG
Efficiency
resulting in sales per employee of £13.3k, this is less efficient (£70.6k)
£13.3k - Milim Cic
£70.6k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is later than average (13 days)
43 days - Milim Cic
13 days - Industry AVG
Creditor Days
its suppliers are paid after 59966 days, this is slower than average (23 days)
59966 days - Milim Cic
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Milim Cic
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (117 weeks)
15 weeks - Milim Cic
117 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.2%, this is a higher level of debt than the average (27.8%)
72.2% - Milim Cic
27.8% - Industry AVG
MILIM CIC financials
Milim Cic's latest turnover from September 2023 is £53 thousand and the company has net assets of £11.5 thousand. According to their latest financial statements, Milim Cic has 4 employees and maintains cash reserves of £8.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 53,029 | 5,278 | 14,739 | |||
| Other Income Or Grants | 0 | 0 | ||||
| Cost Of Sales | 154 | 2,978 | ||||
| Gross Profit | 52,875 | 2,300 | ||||
| Admin Expenses | 55,291 | 7,859 | ||||
| Operating Profit | -2,416 | -5,559 | ||||
| Interest Payable | 26 | 67 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | |||
| Pre-Tax Profit | -2,442 | -5,626 | 4,335 | |||
| Tax | 18,225 | 0 | -591 | |||
| Profit After Tax | 15,783 | -5,626 | 3,744 | |||
| Dividends Paid | 0 | 0 | 0 | |||
| Retained Profit | 15,783 | -5,626 | 3,744 | |||
| Employee Costs | 575 | |||||
| Number Of Employees | 4 | 4 | 4 | 4 | ||
| EBITDA* | -1,787 | -5,108 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,462 | 1,710 | 1,744 | 313 | 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 | 2,462 | 1,710 | 1,744 | 313 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,250 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 23,892 | 472 | 1,494 | 1,183 | 0 | 0 |
| Cash | 8,796 | 5,311 | 8,770 | 5,564 | 6,474 | 1,337 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 38,938 | 5,783 | 10,264 | 6,747 | 6,474 | 1,337 |
| total assets | 41,400 | 7,493 | 12,008 | 7,060 | 6,474 | 1,337 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 603 | 615 | 615 | 205 | 0 | 0 |
| Trade Creditors | 25,301 | 6,556 | 5,901 | 1,846 | 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 | 2,911 | 2,929 | 1,885 | 1,381 | 1,873 | 480 |
| total current liabilities | 28,815 | 10,100 | 8,401 | 3,432 | 1,873 | 480 |
| loans | 1,076 | 1,667 | 2,255 | 2,870 | 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 | 1,076 | 1,667 | 2,255 | 2,870 | 0 | 0 |
| total liabilities | 29,891 | 11,767 | 10,656 | 6,302 | 1,873 | 480 |
| net assets | 11,509 | -4,274 | 1,352 | 758 | 4,601 | 857 |
| total shareholders funds | 11,509 | -4,274 | 1,352 | 758 | 4,601 | 857 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -2,416 | -5,559 | ||||
| Depreciation | 629 | 451 | 99 | 30 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 18,225 | 0 | -591 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 29,670 | -1,022 | 311 | 1,183 | 0 | 0 |
| Creditors | 18,745 | 655 | 4,055 | 1,846 | 0 | 0 |
| Accruals and Deferred Income | -18 | 1,044 | 504 | -492 | 1,393 | 480 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,495 | -2,387 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | -12 | 0 | 410 | 205 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -591 | -588 | -615 | 2,870 | 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 | -26 | -67 | 0 | |||
| cash flow from financing | -629 | -655 | 0 | |||
| cash and cash equivalents | ||||||
| cash | 3,485 | -3,459 | 3,206 | -910 | 5,137 | 1,337 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,485 | -3,459 | 3,206 | -910 | 5,137 | 1,337 |
milim cic Credit Report and Business Information
Milim Cic Competitor Analysis
Perform a competitor analysis for milim cic by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in LS1 area or any other competitors across 12 key performance metrics.
milim cic Ownership
MILIM CIC group structure
Milim Cic has no subsidiary companies.
Ultimate parent company
MILIM CIC
10886269
milim cic directors
Milim Cic currently has 4 directors. The longest serving directors include Mrs Philippa Lester (Jul 2017) and Mr Alan Benstock (Jan 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Philippa Lester | England | 72 years | Jul 2017 | - | Director |
| Mr Alan Benstock | 66 years | Jan 2019 | - | Director | |
| Mr Jonathan Straight | England | 59 years | Jan 2021 | - | Director |
| Mr Philip Goldstone | 78 years | Jan 2021 | - | Director |
P&L
September 2023turnover
53k
+905%
operating profit
-2.4k
-57%
gross margin
99.8%
+128.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
11.5k
-3.69%
total assets
41.4k
+4.53%
cash
8.8k
+0.66%
net assets
Total assets minus all liabilities
milim cic company details
company number
10886269
Type
Private Ltd By Guarantee w/o Share Cap
industry
90020 - Support activities to performing arts
85520 - Cultural education
90030 - Artistic creation
incorporation date
July 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
milim limited (August 2017)
accountant
TC GROUP
auditor
-
address
ground floor 6 queen street, leeds, west yorkshire, LS1 2TW
Bank
-
Legal Advisor
-
milim cic 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 milim cic.
milim cic 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.
Click to start generating capital raising & share issue transactions for MILIM CIC. This can take several minutes, an email will notify you when this has completed.
milim cic Companies House Filings - See Documents
| date | description | view/download |
|---|
