mif ltd
mif ltd Company Information
Company Number
10894857
Next Accounts
May 2025
Shareholders
hyo holdings limited
Group Structure
View All
Industry
Manufacture of women's outerwear, other than leather clothes and workwear
+1Registered Address
3 - 7 woodbridge road, unit 1, leicester, LE4 7RH
Website
-mif ltd Estimated Valuation
Pomanda estimates the enterprise value of MIF LTD at £14.2m based on a Turnover of £16.9m and 0.84x industry multiple (adjusted for size and gross margin).
mif ltd Estimated Valuation
Pomanda estimates the enterprise value of MIF LTD at £0 based on an EBITDA of £-81.1k and a 6.93x industry multiple (adjusted for size and gross margin).
mif ltd Estimated Valuation
Pomanda estimates the enterprise value of MIF LTD at £834.9k based on Net Assets of £386.5k and 2.16x industry multiple (adjusted for liquidity).
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Mif Ltd Overview
Mif Ltd is a live company located in leicester, LE4 7RH with a Companies House number of 10894857. It operates in the manufacture of other women's outerwear sector, SIC Code 14132. Founded in August 2017, it's largest shareholder is hyo holdings limited with a 100% stake. Mif Ltd is a young, mid sized company, Pomanda has estimated its turnover at £16.9m with high growth in recent years.
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Mif Ltd Health Check
Pomanda's financial health check has awarded Mif Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £16.9m, make it larger than the average company (£7.3m)
- Mif Ltd
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (6.8%)
- Mif Ltd
6.8% - Industry AVG
Production
with a gross margin of 25.5%, this company has a comparable cost of product (25.5%)
- Mif Ltd
25.5% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (4.4%)
- Mif Ltd
4.4% - Industry AVG
Employees
with 172 employees, this is above the industry average (18)
172 - Mif Ltd
18 - Industry AVG
Pay Structure
on an average salary of £33.7k, the company has an equivalent pay structure (£33.7k)
- Mif Ltd
£33.7k - Industry AVG
Efficiency
resulting in sales per employee of £98k, this is less efficient (£279.6k)
- Mif Ltd
£279.6k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (44 days)
- Mif Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (37 days)
- Mif Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (78 days)
- Mif Ltd
78 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (22 weeks)
6 weeks - Mif Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.7%, this is a higher level of debt than the average (53.8%)
85.7% - Mif Ltd
53.8% - Industry AVG
MIF LTD financials
Mif Ltd's latest turnover from August 2023 is estimated at £16.9 million and the company has net assets of £386.5 thousand. According to their latest financial statements, Mif Ltd has 172 employees and maintains cash reserves of £299.6 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 | ||||||
| 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 | 172 | 165 | 101 | 6 | 6 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 332,475 | 279,134 | 272,115 | 75,454 | 13,168 | |
| Intangible Assets | ||||||
| Investments & Other | 488,320 | 488,320 | 449,550 | |||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 820,795 | 767,454 | 721,665 | 75,454 | 13,168 | |
| Stock & work in progress | 200,000 | 100,000 | 40,000 | |||
| Trade Debtors | 1,047,419 | 402,540 | 190,041 | 1,290,228 | 299,237 | 117,673 |
| Group Debtors | ||||||
| Misc Debtors | 252,959 | 30,377 | 33,104 | |||
| Cash | 299,637 | 195,975 | 298,777 | |||
| misc current assets | 75,000 | 75,000 | ||||
| total current assets | 1,875,015 | 803,892 | 561,922 | 1,290,228 | 299,237 | 117,673 |
| total assets | 2,695,810 | 1,571,346 | 1,283,587 | 1,365,682 | 312,405 | 117,673 |
| Bank overdraft | 8,479 | |||||
| Bank loan | ||||||
| Trade Creditors | 1,762,704 | 540,384 | 317,454 | 915,882 | 178,050 | 75,728 |
| Group/Directors Accounts | ||||||
| other short term finances | 9,580 | 8,693 | ||||
| hp & lease commitments | ||||||
| other current liabilities | 518,291 | 500,952 | 408,817 | |||
| total current liabilities | 2,290,575 | 1,050,029 | 734,750 | 915,882 | 178,050 | 75,728 |
| loans | 18,694 | 30,741 | 39,476 | |||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | 7,315 | 4,728 | 5,400 | |||
| other liabilities | 50,004 | 1,243 | ||||
| provisions | 81 | 81 | ||||
| total long term liabilities | 18,694 | 30,741 | 39,476 | 57,400 | 6,052 | 5,400 |
| total liabilities | 2,309,269 | 1,080,770 | 774,226 | 973,282 | 184,102 | 81,128 |
| net assets | 386,541 | 490,576 | 509,361 | 392,400 | 128,303 | 36,545 |
| total shareholders funds | 386,541 | 490,576 | 509,361 | 392,400 | 128,303 | 36,545 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 32,277 | 25,836 | 22,023 | |||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 100,000 | 60,000 | 40,000 | |||
| Debtors | 867,461 | 209,772 | -1,067,083 | 990,991 | 181,564 | 117,673 |
| Creditors | 1,222,320 | 222,930 | -598,428 | 737,832 | 102,322 | 75,728 |
| Accruals and Deferred Income | 17,339 | 92,135 | 401,502 | 2,587 | -672 | 5,400 |
| Deferred Taxes & Provisions | -81 | 81 | ||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 38,770 | 449,550 | ||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | 887 | 8,693 | ||||
| Long term loans | -12,047 | -8,735 | 39,476 | |||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -50,004 | 48,761 | 1,243 | |||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 103,662 | -102,802 | 298,777 | |||
| overdraft | -8,479 | 8,479 | ||||
| change in cash | 103,662 | -94,323 | 290,298 |
mif ltd Credit Report and Business Information
Mif Ltd Competitor Analysis
Perform a competitor analysis for mif ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in LE4 area or any other competitors across 12 key performance metrics.
mif ltd Ownership
MIF LTD group structure
Mif Ltd has no subsidiary companies.
mif ltd directors
Mif Ltd currently has 2 directors. The longest serving directors include Mrs Maariyah Ismail (Aug 2017) and Mr Hamzah Omarji (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Maariyah Ismail | United Kingdom | 31 years | Aug 2017 | - | Director |
| Mr Hamzah Omarji | England | 31 years | Feb 2021 | - | Director |
P&L
August 2023turnover
16.9m
+78%
operating profit
-113.3k
0%
gross margin
25.6%
+3.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
386.5k
-0.21%
total assets
2.7m
+0.72%
cash
299.6k
+0.53%
net assets
Total assets minus all liabilities
mif ltd company details
company number
10894857
Type
Private limited with Share Capital
industry
14132 - Manufacture of women's outerwear, other than leather clothes and workwear
46160 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
UK FD LTD
auditor
-
address
3 - 7 woodbridge road, unit 1, leicester, LE4 7RH
Bank
-
Legal Advisor
-
mif 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 mif ltd.
mif 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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mif ltd Companies House Filings - See Documents
| date | description | view/download |
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