minety south storage 2 ltd
minety south storage 2 ltd Company Information
Company Number
10915188
Next Accounts
Dec 2025
Shareholders
stat-flex limited
Group Structure
View All
Industry
Production of electricity
Registered Address
4th floor 80 victoria street, london, SW1E 5JL
minety south storage 2 ltd Estimated Valuation
Pomanda estimates the enterprise value of MINETY SOUTH STORAGE 2 LTD at £5m based on a Turnover of £3m and 1.7x industry multiple (adjusted for size and gross margin).
minety south storage 2 ltd Estimated Valuation
Pomanda estimates the enterprise value of MINETY SOUTH STORAGE 2 LTD at £7.2m based on an EBITDA of £1.5m and a 4.97x industry multiple (adjusted for size and gross margin).
minety south storage 2 ltd Estimated Valuation
Pomanda estimates the enterprise value of MINETY SOUTH STORAGE 2 LTD at £0 based on Net Assets of £-1.5m and 2.75x industry multiple (adjusted for liquidity).
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Minety South Storage 2 Ltd Overview
Minety South Storage 2 Ltd is a live company located in london, SW1E 5JL with a Companies House number of 10915188. It operates in the production of electricity sector, SIC Code 35110. Founded in August 2017, it's largest shareholder is stat-flex limited with a 100% stake. Minety South Storage 2 Ltd is a young, small sized company, Pomanda has estimated its turnover at £3m with unknown growth in recent years.
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Minety South Storage 2 Ltd Health Check
Pomanda's financial health check has awarded Minety South Storage 2 Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
3 Weak
Size
annual sales of £3m, make it larger than the average company (£1.7m)
£3m - Minety South Storage 2 Ltd
£1.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Minety South Storage 2 Ltd
- - Industry AVG
Production
with a gross margin of 75.3%, this company has a comparable cost of product (67.5%)
75.3% - Minety South Storage 2 Ltd
67.5% - Industry AVG
Profitability
an operating margin of 9.4% make it less profitable than the average company (48.8%)
9.4% - Minety South Storage 2 Ltd
48.8% - Industry AVG
Employees
with 7 employees, this is above the industry average (2)
- Minety South Storage 2 Ltd
2 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Minety South Storage 2 Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £424.3k, this is equally as efficient (£446.6k)
- Minety South Storage 2 Ltd
£446.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Minety South Storage 2 Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 2000 days, this is slower than average (20 days)
2000 days - Minety South Storage 2 Ltd
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Minety South Storage 2 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)
1 weeks - Minety South Storage 2 Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.7%, this is a higher level of debt than the average (86.8%)
111.7% - Minety South Storage 2 Ltd
86.8% - Industry AVG
MINETY SOUTH STORAGE 2 LTD financials
Minety South Storage 2 Ltd's latest turnover from March 2024 is £3 million and the company has net assets of -£1.5 million. According to their latest financial statements, we estimate that Minety South Storage 2 Ltd has 7 employees and maintains cash reserves of £109 thousand 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 | 2,970,000 | 2,510,000 | |||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 734,000 | 578,000 | |||||
| Gross Profit | 2,236,000 | 1,932,000 | |||||
| Admin Expenses | 1,958,000 | 655,000 | 7,000 | ||||
| Operating Profit | 278,000 | 1,277,000 | -7,000 | ||||
| Interest Payable | 856,000 | 268,000 | |||||
| Interest Receivable | 3,000 | ||||||
| Pre-Tax Profit | -578,000 | 1,012,000 | -7,000 | ||||
| Tax | -128,000 | -1,813,000 | |||||
| Profit After Tax | -706,000 | -801,000 | -7,000 | ||||
| Dividends Paid | |||||||
| Retained Profit | -706,000 | -801,000 | -7,000 | ||||
| Employee Costs | |||||||
| Number Of Employees | |||||||
| EBITDA* | 1,458,000 | 1,633,000 | -7,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,447,000 | 13,474,000 | |||||
| Intangible Assets | |||||||
| Investments & Other | 280,000 | 1 | 1 | ||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 12,447,000 | 13,474,000 | 280,000 | 1 | 1 | ||
| Stock & work in progress | |||||||
| Trade Debtors | 1,395,000 | ||||||
| Group Debtors | |||||||
| Misc Debtors | 367,000 | 755,000 | 21,000 | ||||
| Cash | 109,000 | 203,000 | 6,000 | ||||
| misc current assets | |||||||
| total current assets | 476,000 | 2,353,000 | 27,000 | ||||
| total assets | 12,923,000 | 15,827,000 | 307,000 | 1 | 1 | ||
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 4,022,000 | ||||||
| Group/Directors Accounts | 72,000 | 159,000 | |||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 3,749,000 | 155,000 | |||||
| total current liabilities | 4,022,000 | 3,821,000 | 314,000 | ||||
| loans | 8,436,000 | 10,957,000 | |||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | 1,979,000 | 1,857,000 | |||||
| total long term liabilities | 10,415,000 | 12,814,000 | |||||
| total liabilities | 14,437,000 | 16,635,000 | 314,000 | ||||
| net assets | -1,514,000 | -808,000 | -7,000 | 1 | 1 | ||
| total shareholders funds | -1,514,000 | -808,000 | -7,000 | 1 | 1 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 278,000 | 1,277,000 | -7,000 | ||||
| Depreciation | 1,180,000 | 356,000 | |||||
| Amortisation | |||||||
| Tax | -128,000 | -1,813,000 | |||||
| Stock | |||||||
| Debtors | -1,783,000 | 2,129,000 | 21,000 | ||||
| Creditors | 4,022,000 | ||||||
| Accruals and Deferred Income | -3,749,000 | 3,594,000 | 155,000 | ||||
| Deferred Taxes & Provisions | 122,000 | 1,857,000 | |||||
| Cash flow from operations | 3,508,000 | 3,142,000 | 127,000 | ||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -280,000 | 279,999 | 1 | ||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -72,000 | -87,000 | 159,000 | ||||
| Other Short Term Loans | |||||||
| Long term loans | -2,521,000 | 10,957,000 | |||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -856,000 | -265,000 | |||||
| cash flow from financing | -3,449,000 | 10,605,000 | 158,999 | ||||
| cash and cash equivalents | |||||||
| cash | -94,000 | 197,000 | 6,000 | ||||
| overdraft | |||||||
| change in cash | -94,000 | 197,000 | 6,000 |
minety south storage 2 ltd Credit Report and Business Information
Minety South Storage 2 Ltd Competitor Analysis
Perform a competitor analysis for minety south storage 2 ltd by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in SW1E area or any other competitors across 12 key performance metrics.
minety south storage 2 ltd Ownership
MINETY SOUTH STORAGE 2 LTD group structure
Minety South Storage 2 Ltd has no subsidiary companies.
Ultimate parent company
2 parents
MINETY SOUTH STORAGE 2 LTD
10915188
minety south storage 2 ltd directors
Minety South Storage 2 Ltd currently has 3 directors. The longest serving directors include Mr Thomas Vernon (Aug 2017) and Mr Andrew Troup (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Vernon | England | 41 years | Aug 2017 | - | Director |
| Mr Andrew Troup | 67 years | Aug 2017 | - | Director | |
| Mr Benedict Wright | England | 52 years | Sep 2021 | - | Director |
P&L
March 2024turnover
3m
+18%
operating profit
278k
-78%
gross margin
75.3%
-2.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-1.5m
+0.87%
total assets
12.9m
-0.18%
cash
109k
-0.46%
net assets
Total assets minus all liabilities
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minety south storage 2 ltd company details
company number
10915188
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
minety north storage limited (February 2021)
accountant
-
auditor
BDO LLP
address
4th floor 80 victoria street, london, SW1E 5JL
Bank
-
Legal Advisor
-
minety south storage 2 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 found 1 charges/mortgages relating to minety south storage 2 ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
minety south storage 2 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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minety south storage 2 ltd Companies House Filings - See Documents
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