memflight ltd Company Information
Group Structure
View All
Industry
Retail sale via mail order houses or via Internet
+1Registered Address
48 fletcher avenue, st. leonards-on-sea, TN37 7QX
Website
-memflight ltd Estimated Valuation
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
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
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
3 Strong
2 Regular
5 Weak
Size
annual sales of £176.1k, make it smaller than the average company (£259.7k)
- Memflight Ltd
£259.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.7%)
- Memflight Ltd
7.7% - Industry AVG
Production
with a gross margin of 18%, this company has a higher cost of product (38.8%)
- Memflight Ltd
38.8% - Industry AVG
Profitability
an operating margin of 1.8% make it as profitable than the average company (2.1%)
- Memflight Ltd
2.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
1 - Memflight Ltd
3 - Industry AVG
Pay Structure
on an average salary of £21.1k, the company has an equivalent pay structure (£21.1k)
- Memflight Ltd
£21.1k - Industry AVG
Efficiency
resulting in sales per employee of £176.1k, this is more efficient (£118.1k)
- Memflight Ltd
£118.1k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (39 days)
- Memflight Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 143 days, this is slower than average (27 days)
- Memflight Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Memflight Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Memflight Ltd
- - Industry AVG
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
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 House, Pomanda Estimates
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
---|---|---|---|---|---|
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 | 1 | 1 | 1 | 1 | 1 |
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
---|---|---|---|---|---|
Tangible Assets | 312 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 312 | 0 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 50,668 | 49,174 | 33,631 | 52,545 | 30,048 |
Group Debtors | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 |
total current assets | 50,668 | 49,174 | 33,631 | 52,545 | 30,048 |
total assets | 50,980 | 49,174 | 33,631 | 52,545 | 30,048 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 56,788 | 57,312 | 36,725 | 43,752 | 33,565 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 56,788 | 57,312 | 36,725 | 43,752 | 33,565 |
loans | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 |
total liabilities | 56,788 | 57,312 | 36,725 | 43,752 | 33,565 |
net assets | -5,808 | -8,138 | -3,094 | 8,793 | -3,517 |
total shareholders funds | -5,808 | -8,138 | -3,094 | 8,793 | -3,517 |
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
---|---|---|---|---|---|
Operating Activities | |||||
Operating Profit | |||||
Depreciation | 0 | 0 | 0 | 0 | |
Amortisation | 0 | 0 | 0 | 0 | |
Tax | |||||
Stock | 0 | 0 | 0 | 0 | 0 |
Debtors | 1,494 | 15,543 | -18,914 | 22,497 | 30,048 |
Creditors | -524 | 20,587 | -7,027 | 10,187 | 33,565 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||
Investing Activities | |||||
capital expenditure | |||||
Change in Investments | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||
Financing Activities | |||||
Bank loans | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 |
share issue | |||||
interest | |||||
cash flow from financing | |||||
cash and cash equivalents | |||||
cash | 0 | 0 | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 |
memflight ltd Credit Report and Business Information
Memflight Ltd Competitor Analysis
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 directors
Memflight Ltd currently has 1 director, Mr Mark Christy serving since Oct 2018.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Mark Christy | United Kingdom | 44 years | Oct 2018 | - | Director |
P&L
October 2023turnover
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 2023net 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
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.
Click to start generating capital raising & share issue transactions for MEMFLIGHT LTD. This can take several minutes, an email will notify you when this has completed.
memflight ltd Companies House Filings - See Documents
date | description | view/download |
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