mississippi connecticut ltd
mississippi connecticut ltd Company Information
Group Structure
View All
Industry
Agents involved in the sale of a variety of goods
Registered Address
vernon mill mersey street, stockport, SK1 2HX
Website
-mississippi connecticut ltd Estimated Valuation
Pomanda estimates the enterprise value of MISSISSIPPI CONNECTICUT LTD at £5.8m based on a Turnover of £7.9m and 0.73x industry multiple (adjusted for size and gross margin).
mississippi connecticut ltd Estimated Valuation
Pomanda estimates the enterprise value of MISSISSIPPI CONNECTICUT LTD at £20m based on an EBITDA of £3.2m and a 6.24x industry multiple (adjusted for size and gross margin).
mississippi connecticut ltd Estimated Valuation
Pomanda estimates the enterprise value of MISSISSIPPI CONNECTICUT LTD at £10.2m based on Net Assets of £4.1m and 2.48x industry multiple (adjusted for liquidity).
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Mississippi Connecticut Ltd Overview
Mississippi Connecticut Ltd is a live company located in stockport, SK1 2HX with a Companies House number of 11757670. It operates in the agents involved in the sale of a variety of goods sector, SIC Code 46190. Founded in January 2019, it's largest shareholder is john aaron with a 100% stake. Mississippi Connecticut Ltd is a young, mid sized company, Pomanda has estimated its turnover at £7.9m with rapid growth in recent years.
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Mississippi Connecticut Ltd Health Check
Pomanda's financial health check has awarded Mississippi Connecticut Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £7.9m, make it larger than the average company (£3.7m)
£7.9m - Mississippi Connecticut Ltd
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 225%, show it is growing at a faster rate (12.5%)
- Mississippi Connecticut Ltd
12.5% - Industry AVG
Production
with a gross margin of 53.3%, this company has a lower cost of product (26.8%)
53.3% - Mississippi Connecticut Ltd
26.8% - Industry AVG
Profitability
an operating margin of 38.9% make it more profitable than the average company (6%)
38.9% - Mississippi Connecticut Ltd
6% - Industry AVG
Employees
with 10 employees, this is similar to the industry average (12)
10 - Mississippi Connecticut Ltd
12 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£38.3k)
- Mississippi Connecticut Ltd
£38.3k - Industry AVG
Efficiency
resulting in sales per employee of £791.6k, this is more efficient (£330.2k)
£791.6k - Mississippi Connecticut Ltd
£330.2k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (49 days)
35 days - Mississippi Connecticut Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is close to average (25 days)
23 days - Mississippi Connecticut Ltd
25 days - Industry AVG
Stock Days
it holds stock equivalent to 140 days, this is more than average (61 days)
140 days - Mississippi Connecticut Ltd
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (27 weeks)
14 weeks - Mississippi Connecticut Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.6%, this is a lower level of debt than the average (52%)
16.6% - Mississippi Connecticut Ltd
52% - Industry AVG
MISSISSIPPI CONNECTICUT LTD financials
Mississippi Connecticut Ltd's latest turnover from January 2024 is £7.9 million and the company has net assets of £4.1 million. According to their latest financial statements, Mississippi Connecticut Ltd has 10 employees and maintains cash reserves of £228.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2021 | Jan 2020 | |
|---|---|---|---|---|
| Turnover | 7,916,455 | 5,473,902 | ||
| Other Income Or Grants | 0 | 0 | ||
| Cost Of Sales | 3,697,460 | 2,845,030 | ||
| Gross Profit | 4,218,995 | 2,628,872 | ||
| Admin Expenses | 1,143,450 | 617,576 | ||
| Operating Profit | 3,075,545 | 2,011,296 | ||
| Interest Payable | 0 | 0 | ||
| Interest Receivable | 0 | 0 | ||
| Pre-Tax Profit | 3,075,545 | 2,011,296 | ||
| Tax | -584,354 | -382,146 | ||
| Profit After Tax | 2,491,191 | 1,629,150 | ||
| Dividends Paid | 0 | 0 | ||
| Retained Profit | 2,491,191 | 1,629,150 | ||
| Employee Costs | ||||
| Number Of Employees | 10 | 8 | 2 | 1 |
| EBITDA* | 3,210,047 | 2,054,909 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2021 | Jan 2020 | |
|---|---|---|---|---|
| Tangible Assets | 2,519,350 | 1,164,930 | 33,426 | 9,121 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,519,350 | 1,164,930 | 33,426 | 9,121 |
| Stock & work in progress | 1,427,584 | 795,944 | 0 | 0 |
| Trade Debtors | 764,595 | 890,317 | 28,541 | 3,779 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 1,209 | 453 |
| Cash | 228,467 | 193,779 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 2,420,646 | 1,880,040 | 29,750 | 4,232 |
| total assets | 4,939,996 | 3,044,970 | 63,176 | 13,353 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 235,301 | 277,731 | 9,845 | 600 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 584,354 | 382,146 | 0 | 0 |
| total current liabilities | 819,655 | 659,877 | 9,845 | 600 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 2,172 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 25,000 | 10,000 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 2,172 | 25,000 | 10,000 |
| total liabilities | 819,655 | 662,049 | 34,845 | 10,600 |
| net assets | 4,120,341 | 2,382,921 | 28,331 | 2,753 |
| total shareholders funds | 4,120,341 | 2,382,921 | 28,331 | 2,753 |
| Jan 2024 | Jan 2023 | Jan 2021 | Jan 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 3,075,545 | 2,011,296 | ||
| Depreciation | 134,502 | 43,613 | ||
| Amortisation | 0 | 0 | ||
| Tax | -584,354 | -382,146 | ||
| Stock | 631,640 | 795,944 | 0 | 0 |
| Debtors | -125,722 | 890,317 | 25,518 | 4,232 |
| Creditors | -42,430 | 277,731 | 9,245 | 600 |
| Accruals and Deferred Income | 202,208 | 382,146 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,279,553 | 646,379 | ||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,172 | 2,172 | 0 | 0 |
| other long term liabilities | 0 | 0 | 15,000 | 10,000 |
| share issue | ||||
| interest | 0 | 0 | ||
| cash flow from financing | -755,943 | 755,943 | ||
| cash and cash equivalents | ||||
| cash | 34,688 | 193,779 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 34,688 | 193,779 | 0 | 0 |
mississippi connecticut ltd Credit Report and Business Information
Mississippi Connecticut Ltd Competitor Analysis
Perform a competitor analysis for mississippi connecticut ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in SK1 area or any other competitors across 12 key performance metrics.
mississippi connecticut ltd Ownership
MISSISSIPPI CONNECTICUT LTD group structure
Mississippi Connecticut Ltd has no subsidiary companies.
Ultimate parent company
MISSISSIPPI CONNECTICUT LTD
11757670
mississippi connecticut ltd directors
Mississippi Connecticut Ltd currently has 1 director, Mr John Aaron serving since Aug 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Aaron | England | 61 years | Aug 2023 | - | Director |
P&L
January 2024turnover
7.9m
+45%
operating profit
3.1m
+53%
gross margin
53.3%
+10.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
4.1m
+0.73%
total assets
4.9m
+0.62%
cash
228.5k
+0.18%
net assets
Total assets minus all liabilities
mississippi connecticut ltd company details
company number
11757670
Type
Private limited with Share Capital
industry
46190 - Agents involved in the sale of a variety of goods
incorporation date
January 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
sharp project support ltd (July 2023)
accountant
-
auditor
-
address
vernon mill mersey street, stockport, SK1 2HX
Bank
-
Legal Advisor
-
mississippi connecticut 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 mississippi connecticut ltd.
mississippi connecticut 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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mississippi connecticut ltd Companies House Filings - See Documents
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