Pomanda estimates the enterprise value of MMP ACCOUNTING SOLUTIONS LTD at £1.3m based on a Turnover of £1.6m and 0.82x industry multiple (adjusted for size and gross margin).
mmp accounting solutions ltdEstimated Valuation
£925.2k
Pomanda estimates the enterprise value of MMP ACCOUNTING SOLUTIONS LTD at £925.2k based on an EBITDA of £187.7k and a 4.93x industry multiple (adjusted for size and gross margin).
mmp accounting solutions ltdEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of MMP ACCOUNTING SOLUTIONS LTD at £1.1m based on Net Assets of £373.3k and 3.03x industry multiple (adjusted for liquidity).
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Mmp Accounting Solutions LtdOverview
Mmp Accounting Solutions Ltd is a live company located in folkestone, CT19 4RH with a Companies House number of 11842982. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in February 2019, it's largest shareholder is
xeinadin uk professional services limited
with a 51.2% stake. Mmp Accounting Solutions Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Mmp Accounting Solutions 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 Rating3out of 5
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.6m, make it larger than the average company (£194.1k)
£1.6m - Mmp Accounting Solutions Ltd
£194.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.9%)
6% - Mmp Accounting Solutions Ltd
8.9% - Industry AVG
Production
with a gross margin of 52.1%, this company has a higher cost of product (94.1%)
52.1% - Mmp Accounting Solutions Ltd
94.1% - Industry AVG
Profitability
an operating margin of 11% make it more profitable than the average company (7.2%)
11% - Mmp Accounting Solutions Ltd
7.2% - Industry AVG
Employees
with 22 employees, this is above the industry average (3)
22 - Mmp Accounting Solutions Ltd
3 - Industry AVG
Pay Structure
on an average salary of £37.2k, the company has an equivalent pay structure (£37.2k)
£37.2k - Mmp Accounting Solutions Ltd
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £71k, this is equally as efficient (£78.9k)
£71k - Mmp Accounting Solutions Ltd
£78.9k - Industry AVG
Debtor Days
it gets paid by customers after 181 days, this is later than average (73 days)
181 days - Mmp Accounting Solutions Ltd
73 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is close to average (24 days)
24 days - Mmp Accounting Solutions Ltd
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mmp Accounting Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (29 weeks)
4 weeks - Mmp Accounting Solutions Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.9%, this is a higher level of debt than the average (51.1%)
69.9% - Mmp Accounting Solutions Ltd
51.1% - Industry AVG
MMP ACCOUNTING SOLUTIONS LTD financials
EXPORT
Mmp Accounting Solutions Ltd's latest turnover from May 2024 is estimated at £1.6 million and the company has net assets of £373.3 thousand. According to their latest financial statements, Mmp Accounting Solutions Ltd has 22 employees and maintains cash reserves of £74 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
May 2021
May 2020
Feb 2020
Turnover
1,561,357
1,477,001
1,407,805
1,297,773
351,203
1,042,157
Other Income Or Grants
Cost Of Sales
747,370
701,200
738,307
637,834
145,630
510,284
Gross Profit
813,987
775,801
669,498
659,939
205,573
531,873
Admin Expenses
641,579
616,086
592,839
482,433
97,756
289,933
Operating Profit
172,408
159,715
76,659
177,506
107,817
241,940
Interest Payable
19
17,071
Interest Receivable
2,374
1,634
4
13
Pre-Tax Profit
174,783
161,331
59,588
177,506
107,821
241,953
Tax
-43,696
-40,333
-22,086
-44,862
-20,123
-48,224
Profit After Tax
131,087
120,998
37,502
132,644
87,698
193,729
Dividends Paid
15,000
109,452
186,330
20,000
Retained Profit
131,087
120,998
22,502
23,192
-98,632
173,729
Employee Costs
817,310
943,935
827,645
723,045
180,649
536,055
Number Of Employees
22
27
22
24
27
27
EBITDA*
187,674
180,920
98,469
198,564
111,767
253,511
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
May 2021
May 2020
Feb 2020
Tangible Assets
22,639
13,541
85,931
80,363
55,640
59,449
Intangible Assets
286,652
286,652
295,474
344,084
Investments & Other
1
1
1
1
1
1
Debtors (Due After 1 year)
9,748
51,185
Total Fixed Assets
319,040
351,379
381,406
424,448
55,641
59,450
Stock & work in progress
208,561
215,640
176,914
152,021
Trade Debtors
775,281
702,596
239,913
356,404
272,612
212,552
Group Debtors
Misc Debtors
72,995
144,617
63,666
7,121
6,321
Cash
74,041
16,409
56,227
126,131
435,488
55,188
misc current assets
total current assets
922,317
863,622
568,367
705,296
891,335
419,761
total assets
1,241,357
1,215,001
949,773
1,129,744
946,976
479,211
Bank overdraft
359
Bank loan
Trade Creditors
49,852
125,331
74,337
9,542
8,220
20,744
Group/Directors Accounts
744,100
559,100
336,171
3,755
other short term finances
hp & lease commitments
8,360
19,000
19,000
20,750
11,750
11,750
other current liabilities
46,430
199,371
328,705
569,881
435,224
250,058
total current liabilities
848,742
902,802
758,572
600,173
458,949
282,552
loans
390,000
390,000
hp & lease commitments
17,243
70,000
70,000
40,770
22,520
22,520
Accruals and Deferred Income
other liabilities
102
provisions
2,086
total long term liabilities
19,329
70,000
70,000
430,872
412,520
22,520
total liabilities
868,071
972,802
828,572
1,031,045
871,469
305,072
net assets
373,286
242,199
121,201
98,699
75,507
174,139
total shareholders funds
373,286
242,199
121,201
98,699
75,507
174,139
May 2024
May 2023
May 2022
May 2021
May 2020
Feb 2020
Operating Activities
Operating Profit
172,408
159,715
76,659
177,506
107,817
241,940
Depreciation
15,266
21,205
21,810
21,058
3,950
11,571
Amortisation
Tax
-43,696
-40,333
-22,086
-44,862
-20,123
-48,224
Stock
-208,561
-7,079
38,726
176,914
152,021
Debtors
-40,374
594,819
-59,946
84,592
278,933
212,552
Creditors
-75,479
50,994
64,795
1,322
8,220
20,744
Accruals and Deferred Income
-152,941
-129,334
-241,176
134,657
435,224
250,058
Deferred Taxes & Provisions
2,086
Cash flow from operations
-41,982
-324,011
-32,973
166,363
79,241
111,516
Investing Activities
capital expenditure
-24,364
60,007
21,232
-389,865
-59,590
-71,020
Change in Investments
1
1
cash flow from investments
-24,364
60,007
21,232
-389,865
-59,591
-71,021
Financing Activities
Bank loans
Group/Directors Accounts
185,000
222,929
336,171
-3,755
3,755
Other Short Term Loans
Long term loans
-390,000
390,000
Hire Purchase and Lease Commitments
-63,397
27,480
27,250
34,270
34,270
other long term liabilities
-102
102
share issue
174,139
410
interest
2,374
1,615
-17,071
4
13
cash flow from financing
123,977
224,544
-43,522
23,597
602,168
34,693
cash and cash equivalents
cash
57,632
-39,818
-69,904
-309,357
435,488
55,188
overdraft
-359
359
change in cash
57,632
-39,459
-70,263
-309,357
435,488
55,188
mmp accounting solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mmp accounting solutions ltd. Get real-time insights into mmp accounting solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for mmp accounting solutions ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CT19 area or any other competitors across 12 key performance metrics.
mmp accounting solutions ltd Ownership
MMP ACCOUNTING SOLUTIONS LTD group structure
Mmp Accounting Solutions Ltd has 1 subsidiary company.
The largest shareholders in Mmp Accounting Solutions Ltd include Xeinadin Uk Professional Services Limited and Xeinadin Group Limited.
xeinadin uk professional services limited
51.22%
xeinadin group limited
48.78%
mmp accounting solutions ltd directors
Mmp Accounting Solutions Ltd currently has 3 directors.
The longest serving directors include
Mr Nicholas May (Apr 2019) and
Mr Alexander Ffrench (Jul 2022).
c/o xeinadin south east limited, unit 68 basepoint, folkestone, kent, CT19 4RH
Bank
-
Legal Advisor
-
mmp accounting solutions 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 found 2 charges/mortgages relating to mmp accounting solutions ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
mmp accounting solutions 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 MMP ACCOUNTING SOLUTIONS LTD. This can take several minutes, an email will notify you when this has completed.
mmp accounting solutions ltdCompanies House Filings - See Documents
