milegate rentals ltd
milegate rentals ltd Company Information
Company Number
11637695
Website
-Registered Address
36 ravensdale road, london, N16 6SH
Industry
Management of real estate on a fee or contract basis
Telephone
-
Next Accounts Due
July 2025
Group Structure
View All
Directors
Isaac Margolis6 Years
Shareholders
isaac margolis 100%
milegate rentals ltd Estimated Valuation
Pomanda estimates the enterprise value of MILEGATE RENTALS LTD at £213.7k based on a Turnover of £169.3k and 1.26x industry multiple (adjusted for size and gross margin).
milegate rentals ltd Estimated Valuation
Pomanda estimates the enterprise value of MILEGATE RENTALS LTD at £44.5k based on an EBITDA of £9.8k and a 4.52x industry multiple (adjusted for size and gross margin).
milegate rentals ltd Estimated Valuation
Pomanda estimates the enterprise value of MILEGATE RENTALS LTD at £39.4k based on Net Assets of £24k and 1.64x industry multiple (adjusted for liquidity).
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Milegate Rentals Ltd Overview
Milegate Rentals Ltd is a live company located in london, N16 6SH with a Companies House number of 11637695. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in October 2018, it's largest shareholder is isaac margolis with a 100% stake. Milegate Rentals Ltd is a young, micro sized company, Pomanda has estimated its turnover at £169.3k with high growth in recent years.
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Milegate Rentals Ltd Health Check
Pomanda's financial health check has awarded Milegate Rentals Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £169.3k, make it smaller than the average company (£1.1m)
- Milegate Rentals Ltd
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (4.5%)
- Milegate Rentals Ltd
4.5% - Industry AVG
Production
with a gross margin of 12.9%, this company has a higher cost of product (45.5%)
- Milegate Rentals Ltd
45.5% - Industry AVG
Profitability
an operating margin of 5.8% make it less profitable than the average company (8.1%)
- Milegate Rentals Ltd
8.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (10)
3 - Milegate Rentals Ltd
10 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£42.5k)
- Milegate Rentals Ltd
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.4k, this is less efficient (£104.9k)
- Milegate Rentals Ltd
£104.9k - Industry AVG
Debtor Days
it gets paid by customers after 126 days, this is later than average (33 days)
- Milegate Rentals Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (30 days)
- Milegate Rentals Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Milegate Rentals Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Milegate Rentals Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.8%, this is a lower level of debt than the average (80.4%)
68.8% - Milegate Rentals Ltd
80.4% - Industry AVG
MILEGATE RENTALS LTD financials
Milegate Rentals Ltd's latest turnover from October 2023 is estimated at £169.3 thousand and the company has net assets of £24 thousand. According to their latest financial statements, Milegate Rentals Ltd has 3 employees 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 | 3 | 3 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 18,560 | 921 | 0 | 10,680 | 13,350 |
| 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 | 18,560 | 921 | 0 | 10,680 | 13,350 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 58,515 | 34,319 | 26,175 | 13,367 | 13,593 |
| 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 | 8,644 | 12,633 | 0 |
| total current assets | 58,515 | 34,319 | 34,819 | 26,000 | 13,593 |
| total assets | 77,075 | 35,240 | 34,819 | 36,680 | 26,943 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 24,640 | 2,596 | 0 | 0 | 8,586 |
| 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 | 24,640 | 2,596 | 0 | 0 | 8,586 |
| 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 | 28,405 | 16,000 | 20,000 | 20,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 28,405 | 16,000 | 20,000 | 20,000 | 0 |
| total liabilities | 53,045 | 18,596 | 20,000 | 20,000 | 8,586 |
| net assets | 24,030 | 16,644 | 14,819 | 16,680 | 18,357 |
| total shareholders funds | 24,030 | 16,644 | 14,819 | 16,680 | 18,357 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 24,196 | 8,144 | 12,808 | -226 | 13,593 |
| Creditors | 22,044 | 2,596 | 0 | -8,586 | 8,586 |
| 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 | 12,405 | -4,000 | 0 | 20,000 | 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 |
milegate rentals ltd Credit Report and Business Information
Milegate Rentals Ltd Competitor Analysis
Perform a competitor analysis for milegate rentals ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in N16 area or any other competitors across 12 key performance metrics.
milegate rentals ltd Ownership
MILEGATE RENTALS LTD group structure
Milegate Rentals Ltd has no subsidiary companies.
Ultimate parent company
MILEGATE RENTALS LTD
11637695
milegate rentals ltd directors
Milegate Rentals Ltd currently has 1 director, Mr Isaac Margolis serving since Oct 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Isaac Margolis | England | 30 years | Oct 2018 | - | Director |
P&L
October 2023turnover
169.3k
+76%
operating profit
9.8k
0%
gross margin
12.9%
+9.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
24k
+0.44%
total assets
77.1k
+1.19%
cash
0
0%
net assets
Total assets minus all liabilities
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milegate rentals ltd company details
company number
11637695
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
October 2018
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
pointview rentals ltd (May 2023)
accountant
FINER ACCOUNTING LTD
auditor
-
address
36 ravensdale road, london, N16 6SH
Bank
-
Legal Advisor
-
milegate rentals 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 milegate rentals ltd.
milegate rentals ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
