mint bridging (2) limited

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mint bridging (2) limited Company Information

Share MINT BRIDGING (2) LIMITED

Company Number

12574069

Shareholders

delbanco meyer & company limited

mint property finance group limited

Group Structure

View All

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

 

Registered Address

peel house 30 the downs, altrincham, cheshire, WA14 2PX

Website

-

mint bridging (2) limited Estimated Valuation

£82.2m

Pomanda estimates the enterprise value of MINT BRIDGING (2) LIMITED at £82.2m based on a Turnover of £36.3m and 2.26x industry multiple (adjusted for size and gross margin).

mint bridging (2) limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MINT BRIDGING (2) LIMITED at £1.1m based on an EBITDA of £137.6k and a 7.81x industry multiple (adjusted for size and gross margin).

mint bridging (2) limited Estimated Valuation

£169.5k

Pomanda estimates the enterprise value of MINT BRIDGING (2) LIMITED at £169.5k based on Net Assets of £129.9k and 1.31x industry multiple (adjusted for liquidity).

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Mint Bridging (2) Limited Overview

Mint Bridging (2) Limited is a live company located in cheshire, WA14 2PX with a Companies House number of 12574069. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2020, it's largest shareholder is delbanco meyer & company limited with a 51% stake. Mint Bridging (2) Limited is a young, large sized company, Pomanda has estimated its turnover at £36.3m with rapid growth in recent years.

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Mint Bridging (2) Limited Health Check

Pomanda's financial health check has awarded Mint Bridging (2) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £36.3m, make it larger than the average company (£5.6m)

£36.3m - Mint Bridging (2) Limited

£5.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 251%, show it is growing at a faster rate (4.9%)

251% - Mint Bridging (2) Limited

4.9% - Industry AVG

production

Production

with a gross margin of 54%, this company has a comparable cost of product (54%)

54% - Mint Bridging (2) Limited

54% - Industry AVG

profitability

Profitability

an operating margin of 0.4% make it less profitable than the average company (9.1%)

0.4% - Mint Bridging (2) Limited

9.1% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (14)

6 - Mint Bridging (2) Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £82.9k, the company has an equivalent pay structure (£82.9k)

£82.9k - Mint Bridging (2) Limited

£82.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £6.1m, this is more efficient (£223.8k)

£6.1m - Mint Bridging (2) Limited

£223.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 76 days, this is later than average (33 days)

76 days - Mint Bridging (2) Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 161 days, this is slower than average (46 days)

161 days - Mint Bridging (2) Limited

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mint Bridging (2) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (29 weeks)

1 weeks - Mint Bridging (2) Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.4%, this is a higher level of debt than the average (71.4%)

98.4% - Mint Bridging (2) Limited

71.4% - Industry AVG

MINT BRIDGING (2) LIMITED financials

EXPORTms excel logo

Mint Bridging (2) Limited's latest turnover from December 2023 is estimated at £36.3 million and the company has net assets of £129.9 thousand. According to their latest financial statements, Mint Bridging (2) Limited has 6 employees and maintains cash reserves of £277.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020
Turnover36,312,24217,200,295875,106839,896
Other Income Or Grants
Cost Of Sales16,719,6287,568,802366,573361,595
Gross Profit19,592,6139,631,493508,533478,301
Admin Expenses19,455,0639,613,024508,553478,301
Operating Profit137,55018,469-20
Interest Payable
Interest Receivable12,1193,227
Pre-Tax Profit149,66921,696-20
Tax-37,417-4,122
Profit After Tax112,25217,574-20
Dividends Paid
Retained Profit112,25217,574-20
Employee Costs497,179396,475308,730298,401
Number Of Employees6544
EBITDA*137,55018,469-20

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors7,570,9083,594,818
Group Debtors
Misc Debtors42,82835,052100100
Cash277,277184,39420
misc current assets
total current assets7,891,0133,814,264120100
total assets7,891,0133,814,264120100
Bank overdraft
Bank loan
Trade Creditors 7,402,8113,603,203
Group/Directors Accounts40
other short term finances
hp & lease commitments
other current liabilities358,296193,407
total current liabilities7,761,1073,796,61040
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities7,761,1073,796,61040
net assets129,90617,65480100
total shareholders funds129,90617,65480100
Dec 2023Dec 2022Dec 2021Dec 2020
Operating Activities
Operating Profit137,55018,469-20
Depreciation
Amortisation
Tax-37,417-4,122
Stock
Debtors3,983,8663,629,770100
Creditors3,799,6083,603,203
Accruals and Deferred Income164,889193,407
Deferred Taxes & Provisions
Cash flow from operations80,764181,187-20-100
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-4040
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue100
interest12,1193,227
cash flow from financing12,1193,18740100
cash and cash equivalents
cash92,883184,37420
overdraft
change in cash92,883184,37420

mint bridging (2) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mint Bridging (2) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for mint bridging (2) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in WA14 area or any other competitors across 12 key performance metrics.

mint bridging (2) limited Ownership

MINT BRIDGING (2) LIMITED group structure

Mint Bridging (2) Limited has no subsidiary companies.

Ultimate parent company

1 parent

MINT BRIDGING (2) LIMITED

12574069

MINT BRIDGING (2) LIMITED Shareholders

delbanco meyer & company limited 51%
mint property finance group limited 49%

mint bridging (2) limited directors

Mint Bridging (2) Limited currently has 5 directors. The longest serving directors include Mr Andrew Lazare (Apr 2020) and Mr Richard Showman (Mar 2021).

officercountryagestartendrole
Mr Andrew LazareUnited Kingdom47 years Apr 2020- Director
Mr Richard ShowmanUnited Kingdom58 years Mar 2021- Director
Mr Jonathan RoseEngland66 years Nov 2021- Director
Mr Jonathan MillsUnited Kingdom44 years Feb 2022- Director
Mr Joel Rosenblatt57 years Sep 2022- Director

P&L

December 2023

turnover

36.3m

+111%

operating profit

137.6k

0%

gross margin

54%

-3.64%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

129.9k

+6.36%

total assets

7.9m

+1.07%

cash

277.3k

+0.5%

net assets

Total assets minus all liabilities

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mint bridging (2) limited company details

company number

12574069

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

April 2020

age

5

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

peel house 30 the downs, altrincham, cheshire, WA14 2PX

Bank

-

Legal Advisor

-

mint bridging (2) 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 found 2 charges/mortgages relating to mint bridging (2) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

mint bridging (2) limited 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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mint bridging (2) limited Companies House Filings - See Documents

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