miagee limited

miagee limited Company Information

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Company Number

11311138

Industry

Development of building projects

 

Shareholders

andrew howard

simon leslie howard

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Group Structure

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Contact

Registered Address

69b church road, alphington, exeter, devon, EX2 8SW

Website

-

miagee limited Estimated Valuation

£281.4k

Pomanda estimates the enterprise value of MIAGEE LIMITED at £281.4k based on a Turnover of £574.5k and 0.49x industry multiple (adjusted for size and gross margin).

miagee limited Estimated Valuation

£721.7k

Pomanda estimates the enterprise value of MIAGEE LIMITED at £721.7k based on an EBITDA of £193.8k and a 3.72x industry multiple (adjusted for size and gross margin).

miagee limited Estimated Valuation

£478.3k

Pomanda estimates the enterprise value of MIAGEE LIMITED at £478.3k based on Net Assets of £322.1k and 1.49x industry multiple (adjusted for liquidity).

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Miagee Limited Overview

Miagee Limited is a live company located in exeter, EX2 8SW with a Companies House number of 11311138. It operates in the development of building projects sector, SIC Code 41100. Founded in April 2018, it's largest shareholder is andrew howard with a 50% stake. Miagee Limited is a young, small sized company, Pomanda has estimated its turnover at £574.5k with unknown growth in recent years.

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Miagee Limited Health Check

Pomanda's financial health check has awarded Miagee Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £574.5k, make it smaller than the average company (£2.2m)

£574.5k - Miagee Limited

£2.2m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Miagee Limited

- - Industry AVG

production

Production

with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)

25.9% - Miagee Limited

25.9% - Industry AVG

profitability

Profitability

an operating margin of 33.4% make it more profitable than the average company (6.8%)

33.4% - Miagee Limited

6.8% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (6)

2 - Miagee Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.8k, the company has an equivalent pay structure (£48.8k)

£48.8k - Miagee Limited

£48.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £287.2k, this is equally as efficient (£287.2k)

£287.2k - Miagee Limited

£287.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Miagee Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Miagee Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Miagee Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)

0 weeks - Miagee Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 87%, this is a higher level of debt than the average (73.7%)

87% - Miagee Limited

73.7% - Industry AVG

MIAGEE LIMITED financials

EXPORTms excel logo

Miagee Limited's latest turnover from September 2023 is estimated at £574.5 thousand and the company has net assets of £322.1 thousand. According to their latest financial statements, Miagee Limited has 2 employees and maintains cash reserves of £2.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019
Turnover574,453551,170544,2110568,369
Other Income Or Grants00000
Cost Of Sales425,617416,594421,6070420,465
Gross Profit148,835134,576122,6030147,904
Admin Expenses-43,14144,15528,437-164,469130,007
Operating Profit191,97690,42194,166164,46917,897
Interest Payable87,44032,061018,86920,880
Interest Receivable4,0361,733477561
Pre-Tax Profit108,57260,09394,170145,677-2,423
Tax-27,143-11,418-17,892-27,6790
Profit After Tax81,42948,67576,278117,998-2,423
Dividends Paid00000
Retained Profit81,42948,67576,278117,998-2,423
Employee Costs97,60191,47689,431087,524
Number Of Employees22202
EBITDA*193,83392,28095,977165,85917,897

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019
Tangible Assets10,52912,38613,82311,3610
Intangible Assets00000
Investments & Other2,419,4592,438,5692,458,5522,576,1761,458,292
Debtors (Due After 1 year)00000
Total Fixed Assets2,429,9882,450,9552,472,3752,587,5371,458,292
Stock & work in progress00000
Trade Debtors00000
Group Debtors000020,000
Misc Debtors50,0000000
Cash2,464151,2822,7335,440149,495
misc current assets00000
total current assets52,464151,2822,7335,440169,495
total assets2,482,4522,602,2372,475,1082,592,9771,627,787
Bank overdraft00000
Bank loan00000
Trade Creditors 00000
Group/Directors Accounts1,028,9381,192,1162,001,9041,409,4991,009,999
other short term finances000011,171
hp & lease commitments00000
other current liabilities151,440151,4401,440394,1111,440
total current liabilities1,180,3781,343,5562,003,3441,803,6101,022,610
loans777,242777,24200607,500
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities202,775240,811279,811574,5000
provisions00099,1920
total long term liabilities980,0171,018,053279,811673,692607,500
total liabilities2,160,3952,361,6092,283,1552,477,3021,630,110
net assets322,057240,628191,953115,675-2,323
total shareholders funds322,057240,628191,953115,675-2,323
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019
Operating Activities
Operating Profit191,97690,42194,166164,46917,897
Depreciation1,8571,8591,8111,3900
Amortisation00000
Tax-27,143-11,418-17,892-27,6790
Stock00000
Debtors50,00000-20,00020,000
Creditors00000
Accruals and Deferred Income0150,000-392,671392,6711,440
Deferred Taxes & Provisions00-99,19299,1920
Cash flow from operations116,690230,862-413,778650,043-663
Investing Activities
capital expenditure0-422-4,273-12,7510
Change in Investments-19,110-19,983-117,6241,117,8841,458,292
cash flow from investments19,11019,561113,351-1,130,635-1,458,292
Financing Activities
Bank loans00000
Group/Directors Accounts-163,178-809,788592,405399,5001,009,999
Other Short Term Loans 000-11,17111,171
Long term loans0777,2420-607,500607,500
Hire Purchase and Lease Commitments00000
other long term liabilities-38,036-39,000-294,689574,5000
share issue0000100
interest-83,404-30,3284-18,792-20,319
cash flow from financing-284,618-101,874297,720336,5371,608,451
cash and cash equivalents
cash-148,818148,549-2,707-144,055149,495
overdraft00000
change in cash-148,818148,549-2,707-144,055149,495

miagee limited 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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Miagee Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for miagee limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EX2 area or any other competitors across 12 key performance metrics.

miagee limited Ownership

MIAGEE LIMITED group structure

Miagee Limited has no subsidiary companies.

Ultimate parent company

MIAGEE LIMITED

11311138

MIAGEE LIMITED Shareholders

andrew howard 50%
simon leslie howard 25%
charlotte howard 25%

miagee limited directors

Miagee Limited currently has 2 directors. The longest serving directors include Mr Simon Howard (Apr 2018) and Mr Andrew Howard (Apr 2018).

officercountryagestartendrole
Mr Simon HowardUnited Kingdom51 years Apr 2018- Director
Mr Andrew HowardUnited Kingdom49 years Apr 2018- Director

P&L

September 2023

turnover

574.5k

+4%

operating profit

192k

0%

gross margin

26%

+6.11%

turnover

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

Balance Sheet

September 2023

net assets

322.1k

+0.34%

total assets

2.5m

-0.05%

cash

2.5k

-0.98%

net assets

Total assets minus all liabilities

miagee limited company details

company number

11311138

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

April 2018

age

6

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

N/A

accountant

PEPLOWS

auditor

-

address

69b church road, alphington, exeter, devon, EX2 8SW

Bank

-

Legal Advisor

-

miagee limited 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 miagee limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

miagee limited Companies House Filings - See Documents

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