memflight ltd

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memflight ltd Company Information

Share MEMFLIGHT LTD

Company Number

11599062

Directors

Mark Christy

Shareholders

mark christy

Group Structure

View All

Industry

Retail sale via mail order houses or via Internet

 +1

Registered Address

48 fletcher avenue, st. leonards-on-sea, TN37 7QX

Website

-

memflight ltd Estimated Valuation

£45.4k

Pomanda estimates the enterprise value of MEMFLIGHT LTD at £45.4k based on a Turnover of £176.1k and 0.26x industry multiple (adjusted for size and gross margin).

memflight ltd Estimated Valuation

£8.2k

Pomanda estimates the enterprise value of MEMFLIGHT LTD at £8.2k based on an EBITDA of £3.1k and a 2.63x industry multiple (adjusted for size and gross margin).

memflight ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of MEMFLIGHT LTD at £0 based on Net Assets of £-5.8k and 2.48x industry multiple (adjusted for liquidity).

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Memflight Ltd Overview

Memflight Ltd is a live company located in st. leonards-on-sea, TN37 7QX with a Companies House number of 11599062. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in October 2018, it's largest shareholder is mark christy with a 100% stake. Memflight Ltd is a young, micro sized company, Pomanda has estimated its turnover at £176.1k with healthy growth in recent years.

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Memflight Ltd Health Check

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

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £176.1k, make it smaller than the average company (£259.7k)

£176.1k - Memflight Ltd

£259.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.7%)

10% - Memflight Ltd

7.7% - Industry AVG

production

Production

with a gross margin of 18%, this company has a higher cost of product (38.8%)

18% - Memflight Ltd

38.8% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it as profitable than the average company (2.1%)

1.8% - Memflight Ltd

2.1% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (3)

1 - Memflight Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £21.1k, the company has an equivalent pay structure (£21.1k)

£21.1k - Memflight Ltd

£21.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £176.1k, this is more efficient (£118.1k)

£176.1k - Memflight Ltd

£118.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 105 days, this is later than average (39 days)

105 days - Memflight Ltd

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 143 days, this is slower than average (27 days)

143 days - Memflight Ltd

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Memflight Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Memflight Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 111.4%, this is a higher level of debt than the average (73.5%)

111.4% - Memflight Ltd

73.5% - Industry AVG

MEMFLIGHT LTD financials

EXPORTms excel logo

Memflight Ltd's latest turnover from October 2023 is estimated at £176.1 thousand and the company has net assets of -£5.8 thousand. According to their latest financial statements, Memflight Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019
Turnover176,071140,44171,505131,99482,891
Other Income Or Grants00000
Cost Of Sales144,379115,18254,266102,10957,890
Gross Profit31,69225,25917,23929,88525,002
Admin Expenses28,58530,30329,12614,68728,519
Operating Profit3,107-5,044-11,88715,198-3,517
Interest Payable00000
Interest Receivable00000
Pre-Tax Profit3,107-5,044-11,88715,198-3,517
Tax-77700-2,8880
Profit After Tax2,330-5,044-11,88712,310-3,517
Dividends Paid00000
Retained Profit2,330-5,044-11,88712,310-3,517
Employee Costs21,13921,71120,28718,96521,603
Number Of Employees11111
EBITDA*3,107-5,044-11,88715,198-3,517

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019
Tangible Assets3120000
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets3120000
Stock & work in progress00000
Trade Debtors50,66849,17433,63152,54530,048
Group Debtors00000
Misc Debtors00000
Cash00000
misc current assets00000
total current assets50,66849,17433,63152,54530,048
total assets50,98049,17433,63152,54530,048
Bank overdraft00000
Bank loan00000
Trade Creditors 56,78857,31236,72543,75233,565
Group/Directors Accounts00000
other short term finances00000
hp & lease commitments00000
other current liabilities00000
total current liabilities56,78857,31236,72543,75233,565
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions00000
total long term liabilities00000
total liabilities56,78857,31236,72543,75233,565
net assets-5,808-8,138-3,0948,793-3,517
total shareholders funds-5,808-8,138-3,0948,793-3,517
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019
Operating Activities
Operating Profit3,107-5,044-11,88715,198-3,517
Depreciation00000
Amortisation00000
Tax-77700-2,8880
Stock00000
Debtors1,49415,543-18,91422,49730,048
Creditors-52420,587-7,02710,18733,565
Accruals and Deferred Income00000
Deferred Taxes & Provisions00000
Cash flow from operations3120000
Investing Activities
capital expenditure-3120000
Change in Investments00000
cash flow from investments-3120000
Financing Activities
Bank loans00000
Group/Directors Accounts00000
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue00000
interest00000
cash flow from financing00000
cash and cash equivalents
cash00000
overdraft00000
change in cash00000

memflight 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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Memflight Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for memflight ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in TN37 area or any other competitors across 12 key performance metrics.

memflight ltd Ownership

MEMFLIGHT LTD group structure

Memflight Ltd has no subsidiary companies.

Ultimate parent company

MEMFLIGHT LTD

11599062

MEMFLIGHT LTD Shareholders

mark christy 100%

memflight ltd directors

Memflight Ltd currently has 1 director, Mr Mark Christy serving since Oct 2018.

officercountryagestartendrole
Mr Mark ChristyUnited Kingdom44 years Oct 2018- Director

P&L

October 2023

turnover

176.1k

+25%

operating profit

3.1k

0%

gross margin

18%

+0.08%

turnover

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

Balance Sheet

October 2023

net assets

-5.8k

-0.29%

total assets

51k

+0.04%

cash

0

0%

net assets

Total assets minus all liabilities

memflight ltd company details

company number

11599062

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

47650 - Retail sale of games and toys in specialised stores

incorporation date

October 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

October 2023

previous names

N/A

accountant

-

auditor

-

address

48 fletcher avenue, st. leonards-on-sea, TN37 7QX

Bank

-

Legal Advisor

-

memflight 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 memflight ltd.

memflight 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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memflight ltd Companies House Filings - See Documents

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