milkrite interpuls limited
milkrite interpuls limited Company Information
Company Number
12526716
Registered Address
one st peter's square, manchester, M2 3DE
Industry
Manufacture of other rubber products
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
delaval holding bv 100%
milkrite interpuls limited Estimated Valuation
Pomanda estimates the enterprise value of MILKRITE INTERPULS LIMITED at £4.2m based on a Turnover of £13.3m and 0.31x industry multiple (adjusted for size and gross margin).
milkrite interpuls limited Estimated Valuation
Pomanda estimates the enterprise value of MILKRITE INTERPULS LIMITED at £0 based on an EBITDA of £-2.3m and a 2.47x industry multiple (adjusted for size and gross margin).
milkrite interpuls limited Estimated Valuation
Pomanda estimates the enterprise value of MILKRITE INTERPULS LIMITED at £0 based on Net Assets of £-912.7k and 1.66x industry multiple (adjusted for liquidity).
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Milkrite Interpuls Limited Overview
Milkrite Interpuls Limited is a live company located in manchester, M2 3DE with a Companies House number of 12526716. It operates in the manufacture of other rubber products sector, SIC Code 22190. Founded in March 2020, it's largest shareholder is delaval holding bv with a 100% stake. Milkrite Interpuls Limited is a startup, mid sized company, Pomanda has estimated its turnover at £13.3m with rapid growth in recent years.
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Milkrite Interpuls Limited Health Check
Pomanda's financial health check has awarded Milkrite Interpuls Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £13.3m, make it in line with the average company (£15.2m)
£13.3m - Milkrite Interpuls Limited
£15.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (5.4%)
52% - Milkrite Interpuls Limited
5.4% - Industry AVG
Production
with a gross margin of 8.4%, this company has a higher cost of product (29.8%)
8.4% - Milkrite Interpuls Limited
29.8% - Industry AVG
Profitability
an operating margin of -25.6% make it less profitable than the average company (5.2%)
-25.6% - Milkrite Interpuls Limited
5.2% - Industry AVG
Employees
with 35 employees, this is below the industry average (79)
35 - Milkrite Interpuls Limited
79 - Industry AVG
Pay Structure
on an average salary of £102.4k, the company has a higher pay structure (£44.6k)
£102.4k - Milkrite Interpuls Limited
£44.6k - Industry AVG
Efficiency
resulting in sales per employee of £379k, this is more efficient (£189.1k)
£379k - Milkrite Interpuls Limited
£189.1k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (57 days)
5 days - Milkrite Interpuls Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (44 days)
25 days - Milkrite Interpuls Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (70 days)
17 days - Milkrite Interpuls Limited
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (9 weeks)
6 weeks - Milkrite Interpuls Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.6%, this is a higher level of debt than the average (40.2%)
113.6% - Milkrite Interpuls Limited
40.2% - Industry AVG
MILKRITE INTERPULS LIMITED financials
Milkrite Interpuls Limited's latest turnover from December 2023 is £13.3 million and the company has net assets of -£912.7 thousand. According to their latest financial statements, Milkrite Interpuls Limited has 35 employees and maintains cash reserves of £937.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | |
|---|---|---|---|---|
| Turnover | 13,266,060 | 8,700,309 | 12,321,922 | 3,805,084 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 12,150,306 | 7,216,903 | 9,055,170 | 2,580,725 |
| Gross Profit | 1,115,754 | 1,483,406 | 3,266,752 | 1,224,359 |
| Admin Expenses | 4,518,957 | 892,003 | 1,430,177 | 156,342 |
| Operating Profit | -3,403,203 | 591,403 | 1,836,575 | 1,068,017 |
| Interest Payable | 160,911 | 89,481 | 0 | 0 |
| Interest Receivable | 7,559 | 0 | 0 | 0 |
| Pre-Tax Profit | -3,556,555 | 501,922 | 1,836,575 | 1,068,017 |
| Tax | 228,473 | -133,922 | -344,747 | -212,422 |
| Profit After Tax | -3,328,082 | 368,000 | 1,491,828 | 855,595 |
| Dividends Paid | 300,000 | 0 | 0 | 0 |
| Retained Profit | -3,628,082 | 368,000 | 1,491,828 | 855,595 |
| Employee Costs | 3,585,597 | 3,377,209 | 3,668,147 | 1,022,589 |
| Number Of Employees | 35 | 29 | 26 | 27 |
| EBITDA* | -2,315,635 | 1,162,684 | 2,803,762 | 1,359,964 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | |
|---|---|---|---|---|
| Tangible Assets | 1,434,142 | 1,696,923 | 1,241,926 | 1,613,488 |
| Intangible Assets | 445,362 | 686,810 | 337,067 | 613,256 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,879,504 | 2,383,733 | 1,578,993 | 2,226,744 |
| Stock & work in progress | 575,419 | 470,111 | 445,829 | 480,952 |
| Trade Debtors | 185,054 | 208,358 | 179,421 | 234,739 |
| Group Debtors | 2,304,228 | 1,222,561 | 1,442,152 | 2,387,548 |
| Misc Debtors | 852,521 | 594,880 | 536,229 | 19,010 |
| Cash | 937,647 | 2,710,733 | 2,745,020 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 4,854,869 | 5,206,643 | 5,348,651 | 3,122,249 |
| total assets | 6,734,373 | 7,590,376 | 6,927,644 | 5,348,993 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 849,577 | 795,738 | 846,403 | 619,023 |
| Group/Directors Accounts | 5,304,114 | 2,146,656 | 3,029,542 | 3,029,542 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 52,871 | 44,683 | 0 | 0 |
| other current liabilities | 1,025,136 | 1,270,778 | 609,724 | 711,389 |
| total current liabilities | 7,231,698 | 4,257,855 | 4,485,669 | 4,359,954 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 415,333 | 442,204 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 174,893 | 189,102 | 266,886 |
| total long term liabilities | 415,333 | 617,097 | 94,551 | 133,443 |
| total liabilities | 7,647,031 | 4,874,952 | 4,580,220 | 4,493,397 |
| net assets | -912,658 | 2,715,424 | 2,347,424 | 855,596 |
| total shareholders funds | -912,658 | 2,715,424 | 2,347,424 | 855,596 |
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -3,403,203 | 591,403 | 1,836,575 | 1,068,017 |
| Depreciation | 1,032,157 | 454,125 | 685,339 | 195,455 |
| Amortisation | 55,411 | 117,156 | 281,848 | 96,492 |
| Tax | 228,473 | -133,922 | -344,747 | -212,422 |
| Stock | 105,308 | 24,282 | -35,123 | 480,952 |
| Debtors | 1,316,004 | -132,003 | -483,495 | 2,641,297 |
| Creditors | 53,839 | -50,665 | 227,380 | 619,023 |
| Accruals and Deferred Income | -245,642 | 661,054 | -101,665 | 711,389 |
| Deferred Taxes & Provisions | -174,893 | -14,209 | -77,784 | 266,886 |
| Cash flow from operations | -3,875,170 | 1,732,663 | 3,025,564 | -377,409 |
| 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 | 3,157,458 | -882,886 | 0 | 3,029,542 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -18,683 | 486,887 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -153,352 | -89,481 | 0 | 0 |
| cash flow from financing | 2,985,423 | -485,480 | 0 | 3,029,543 |
| cash and cash equivalents | ||||
| cash | -1,773,086 | -34,287 | 2,745,020 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -1,773,086 | -34,287 | 2,745,020 | 0 |
milkrite interpuls limited Credit Report and Business Information
Milkrite Interpuls Limited Competitor Analysis
Perform a competitor analysis for milkrite interpuls limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.
milkrite interpuls limited Ownership
MILKRITE INTERPULS LIMITED group structure
Milkrite Interpuls Limited has no subsidiary companies.
Ultimate parent company
TETRA LAVAL HOLDINGS BV
#0045284
DELAVAL HOLDING BV
#0017522
2 parents
MILKRITE INTERPULS LIMITED
12526716
milkrite interpuls limited directors
Milkrite Interpuls Limited currently has 3 directors. The longest serving directors include Mr Craig Sage (Mar 2020) and Mr Andrew Porter (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Craig Sage | United Kingdom | 53 years | Mar 2020 | - | Director |
| Mr Andrew Porter | United Kingdom | 48 years | Mar 2020 | - | Director |
| Mr Mark Bullen | United Kingdom | 58 years | Nov 2023 | - | Director |
P&L
December 2023turnover
13.3m
+52%
operating profit
-3.4m
-675%
gross margin
8.5%
-50.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-912.7k
-1.34%
total assets
6.7m
-0.11%
cash
937.6k
-0.65%
net assets
Total assets minus all liabilities
Similar Companies
milkrite interpuls limited company details
company number
12526716
Type
Private limited with Share Capital
industry
22190 - Manufacture of other rubber products
incorporation date
March 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
one st peter's square, manchester, M2 3DE
Bank
-
Legal Advisor
-
milkrite interpuls limited 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 milkrite interpuls limited.
milkrite interpuls limited Companies House Filings - See Documents
| date | description | view/download |
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