minelec limited
minelec limited Company Information
Company Number
12596059
Website
-Registered Address
181-183 summer road, erdington, birmingham, B23 6DX
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Directors
Jeffrey Gore4 Years
Shareholders
jeffrey gore 100%
minelec limited Estimated Valuation
Pomanda estimates the enterprise value of MINELEC LIMITED at £16.6k based on a Turnover of £49.5k and 0.33x industry multiple (adjusted for size and gross margin).
minelec limited Estimated Valuation
Pomanda estimates the enterprise value of MINELEC LIMITED at £11.3k based on an EBITDA of £3.4k and a 3.35x industry multiple (adjusted for size and gross margin).
minelec limited Estimated Valuation
Pomanda estimates the enterprise value of MINELEC LIMITED at £0 based on Net Assets of £-11.6k and 2.14x industry multiple (adjusted for liquidity).
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Minelec Limited Overview
Minelec Limited is a live company located in birmingham, B23 6DX with a Companies House number of 12596059. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in May 2020, it's largest shareholder is jeffrey gore with a 100% stake. Minelec Limited is a startup, micro sized company, Pomanda has estimated its turnover at £49.5k with unknown growth in recent years.
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Minelec Limited Health Check
Pomanda's financial health check has awarded Minelec Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £49.5k, make it smaller than the average company (£6.2m)
- Minelec Limited
£6.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Minelec Limited
- - Industry AVG
Production
with a gross margin of 13.5%, this company has a higher cost of product (24.1%)
- Minelec Limited
24.1% - Industry AVG
Profitability
an operating margin of 6.8% make it as profitable than the average company (5.8%)
- Minelec Limited
5.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (28)
1 - Minelec Limited
28 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- Minelec Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £49.5k, this is less efficient (£186.7k)
- Minelec Limited
£186.7k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (58 days)
- Minelec Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 119 days, this is slower than average (39 days)
- Minelec Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Minelec Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Minelec Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 489.7%, this is a higher level of debt than the average (62.3%)
489.7% - Minelec Limited
62.3% - Industry AVG
MINELEC LIMITED financials
Minelec Limited's latest turnover from May 2023 is estimated at £49.5 thousand and the company has net assets of -£11.6 thousand. According to their latest financial statements, Minelec Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| 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 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 2,971 | 3,586 | 4,298 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 2,971 | 3,586 | 4,298 |
| total assets | 2,971 | 3,586 | 4,298 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 13,978 | 17,143 | 8,223 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 13,978 | 17,143 | 8,223 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 570 | 550 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 570 | 550 | 0 |
| total liabilities | 14,548 | 17,693 | 8,223 |
| net assets | -11,577 | -14,107 | -3,925 |
| total shareholders funds | -11,577 | -14,107 | -3,925 |
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -615 | -712 | 4,298 |
| Creditors | -3,165 | 8,920 | 8,223 |
| Accruals and Deferred Income | 20 | 550 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
minelec limited Credit Report and Business Information
Minelec Limited Competitor Analysis
Perform a competitor analysis for minelec limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in B23 area or any other competitors across 12 key performance metrics.
minelec limited Ownership
MINELEC LIMITED group structure
Minelec Limited has no subsidiary companies.
Ultimate parent company
MINELEC LIMITED
12596059
minelec limited directors
Minelec Limited currently has 1 director, Mr Jeffrey Gore serving since May 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeffrey Gore | England | 60 years | May 2020 | - | Director |
P&L
May 2023turnover
49.5k
-6%
operating profit
3.4k
0%
gross margin
13.5%
-4.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-11.6k
-0.18%
total assets
3k
-0.17%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
minelec limited company details
company number
12596059
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
May 2020
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
R & A BURNS LTD
auditor
-
address
181-183 summer road, erdington, birmingham, B23 6DX
Bank
-
Legal Advisor
-
minelec 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 minelec limited.
minelec limited Companies House Filings - See Documents
| date | description | view/download |
|---|
