midland housing rooms ltd

midland housing rooms ltd Company Information

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Company Number

11056322

Industry

Management of real estate on a fee or contract basis

 

Shareholders

mohammed qureshi

soviba idrees

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Group Structure

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Contact

Registered Address

81 stoney lane, balsall heath, birmingham, B12 8EQ

midland housing rooms ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of MIDLAND HOUSING ROOMS LTD at £1.7m based on a Turnover of £1.3m and 1.35x industry multiple (adjusted for size and gross margin).

midland housing rooms ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MIDLAND HOUSING ROOMS LTD at £1.1m based on an EBITDA of £223.7k and a 4.73x industry multiple (adjusted for size and gross margin).

midland housing rooms ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of MIDLAND HOUSING ROOMS LTD at £1.7m based on Net Assets of £1m and 1.62x industry multiple (adjusted for liquidity).

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Midland Housing Rooms Ltd Overview

Midland Housing Rooms Ltd is a live company located in birmingham, B12 8EQ with a Companies House number of 11056322. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in November 2017, it's largest shareholder is mohammed qureshi with a 30% stake. Midland Housing Rooms Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.

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Midland Housing Rooms Ltd Health Check

Pomanda's financial health check has awarded Midland Housing Rooms Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £1.3m, make it in line with the average company (£1.1m)

£1.3m - Midland Housing Rooms Ltd

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (4.5%)

48% - Midland Housing Rooms Ltd

4.5% - Industry AVG

production

Production

with a gross margin of 13.1%, this company has a higher cost of product (45.5%)

13.1% - Midland Housing Rooms Ltd

45.5% - Industry AVG

profitability

Profitability

an operating margin of 17.3% make it more profitable than the average company (8%)

17.3% - Midland Housing Rooms Ltd

8% - Industry AVG

employees

Employees

with 54 employees, this is above the industry average (10)

54 - Midland Housing Rooms Ltd

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.4k, the company has an equivalent pay structure (£42.4k)

£42.4k - Midland Housing Rooms Ltd

£42.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £23.9k, this is less efficient (£104.8k)

£23.9k - Midland Housing Rooms Ltd

£104.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 62 days, this is later than average (33 days)

62 days - Midland Housing Rooms Ltd

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 59 days, this is slower than average (30 days)

59 days - Midland Housing Rooms Ltd

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Midland Housing Rooms Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Midland Housing Rooms Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15.2%, this is a lower level of debt than the average (80.1%)

15.2% - Midland Housing Rooms Ltd

80.1% - Industry AVG

MIDLAND HOUSING ROOMS LTD financials

EXPORTms excel logo

Midland Housing Rooms Ltd's latest turnover from November 2023 is estimated at £1.3 million and the company has net assets of £1 million. According to their latest financial statements, Midland Housing Rooms Ltd has 54 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018
Turnover1,290,8761,100,639804,786397,122115,2032,429
Other Income Or Grants000000
Cost Of Sales1,122,437967,281730,590357,410101,8922,116
Gross Profit168,439133,35874,19639,71313,311313
Admin Expenses-55,245-196,232-261,867-379,90427,4547,172
Operating Profit223,684329,590336,063419,617-14,143-6,859
Interest Payable000000
Interest Receivable00001616
Pre-Tax Profit223,684329,590336,063419,617-14,127-6,843
Tax-55,921-62,622-63,852-79,72700
Profit After Tax167,763266,968272,211339,890-14,127-6,843
Dividends Paid000000
Retained Profit167,763266,968272,211339,890-14,127-6,843
Employee Costs2,289,8921,454,3281,733,027583,88135,46234,732
Number Of Employees5436451611
EBITDA*223,684329,590336,063419,617-14,143-6,859

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018
Tangible Assets963,286780,950640,950375,95000
Intangible Assets000000
Investments & Other010100
Debtors (Due After 1 year)000000
Total Fixed Assets963,286780,951640,950375,95100
Stock & work in progress000000
Trade Debtors220,534291,52192,46671,23025,1880
Group Debtors000000
Misc Debtors25,93620,86121,22513,39700
Cash000004,183
misc current assets000000
total current assets246,470312,382113,69184,62725,1884,183
total assets1,209,7561,093,333754,641460,57825,1884,183
Bank overdraft000000
Bank loan000000
Trade Creditors 183,894235,234163,51091,65846,158900
Group/Directors Accounts0000010,002
other short term finances000000
hp & lease commitments000000
other current liabilities00000121
total current liabilities183,894235,234163,51091,65846,15811,023
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities00050,00000
provisions000000
total long term liabilities00050,00000
total liabilities183,894235,234163,510141,65846,15811,023
net assets1,025,862858,099591,131318,920-20,970-6,840
total shareholders funds1,025,862858,099591,131318,920-20,970-6,840
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018
Operating Activities
Operating Profit223,684329,590336,063419,617-14,143-6,859
Depreciation000000
Amortisation000000
Tax-55,921-62,622-63,852-79,72700
Stock000000
Debtors-65,912198,69129,06459,43925,1880
Creditors-51,34071,72471,85245,50045,258900
Accruals and Deferred Income0000-121121
Deferred Taxes & Provisions000000
Cash flow from operations182,335140,001314,999325,9515,806-5,838
Investing Activities
capital expenditure-182,336-140,000-265,000-375,95000
Change in Investments-11-1100
cash flow from investments-182,335-140,001-264,999-375,95100
Financing Activities
Bank loans000000
Group/Directors Accounts0000-10,00210,002
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities00-50,00050,00000
share issue0000-33
interest00001616
cash flow from financing00-50,00050,000-9,98910,021
cash and cash equivalents
cash0000-4,1834,183
overdraft000000
change in cash0000-4,1834,183

midland housing rooms ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Midland Housing Rooms Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for midland housing rooms ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in B12 area or any other competitors across 12 key performance metrics.

midland housing rooms ltd Ownership

MIDLAND HOUSING ROOMS LTD group structure

Midland Housing Rooms Ltd has no subsidiary companies.

Ultimate parent company

MIDLAND HOUSING ROOMS LTD

11056322

MIDLAND HOUSING ROOMS LTD Shareholders

mohammed qureshi 30%
soviba idrees 26%
qayum alam 24%
sajida qureshi 20%

midland housing rooms ltd directors

Midland Housing Rooms Ltd currently has 2 directors. The longest serving directors include Mr Mohammed Qureshi (Nov 2017) and Mr Qayum Alam (Nov 2017).

officercountryagestartendrole
Mr Mohammed QureshiUnited Kingdom36 years Nov 2017- Director
Mr Qayum AlamEngland44 years Nov 2017- Director

P&L

November 2023

turnover

1.3m

+17%

operating profit

223.7k

0%

gross margin

13.1%

+7.69%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2023

net assets

1m

+0.2%

total assets

1.2m

+0.11%

cash

0

0%

net assets

Total assets minus all liabilities

midland housing rooms ltd company details

company number

11056322

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

November 2017

age

7

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

81 stoney lane, balsall heath, birmingham, B12 8EQ

Bank

-

Legal Advisor

-

midland housing rooms 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 midland housing rooms ltd.

charges

midland housing rooms ltd Companies House Filings - See Documents

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