mirox (rye) ltd
mirox (rye) ltd Company Information
Company Number
12929550
Next Accounts
Jul 2025
Shareholders
mirox holdings ltd
bright develop holdings ltd
Group Structure
View All
Industry
Buying and selling of own real estate
+2Registered Address
30/34 north street, hailsham, east sussex, BN27 1DW
Website
-mirox (rye) ltd Estimated Valuation
Pomanda estimates the enterprise value of MIROX (RYE) LTD at £4.3m based on a Turnover of £1.4m and 3.09x industry multiple (adjusted for size and gross margin).
mirox (rye) ltd Estimated Valuation
Pomanda estimates the enterprise value of MIROX (RYE) LTD at £973.7k based on an EBITDA of £137.4k and a 7.09x industry multiple (adjusted for size and gross margin).
mirox (rye) ltd Estimated Valuation
Pomanda estimates the enterprise value of MIROX (RYE) LTD at £0 based on Net Assets of £-65.5k and 1.72x industry multiple (adjusted for liquidity).
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Mirox (rye) Ltd Overview
Mirox (rye) Ltd is a live company located in east sussex, BN27 1DW with a Companies House number of 12929550. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2020, it's largest shareholder is mirox holdings ltd with a 50% stake. Mirox (rye) Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.4m with unknown growth in recent years.
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Mirox (rye) Ltd Health Check
Pomanda's financial health check has awarded Mirox (Rye) Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £1.4m, make it larger than the average company (£670.9k)
- Mirox (rye) Ltd
£670.9k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mirox (rye) Ltd
- - Industry AVG
Production
with a gross margin of 70.8%, this company has a comparable cost of product (70.8%)
- Mirox (rye) Ltd
70.8% - Industry AVG
Profitability
an operating margin of 10% make it less profitable than the average company (19.7%)
- Mirox (rye) Ltd
19.7% - Industry AVG
Employees
with 10 employees, this is above the industry average (4)
- Mirox (rye) Ltd
4 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- Mirox (rye) Ltd
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £137.5k, this is equally as efficient (£154.1k)
- Mirox (rye) Ltd
£154.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mirox (rye) Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mirox (rye) Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 1709 days, this is more than average (152 days)
- Mirox (rye) Ltd
152 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)
0 weeks - Mirox (rye) Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.5%, this is a higher level of debt than the average (62.2%)
103.5% - Mirox (rye) Ltd
62.2% - Industry AVG
MIROX (RYE) LTD financials
Mirox (Rye) Ltd's latest turnover from October 2023 is estimated at £1.4 million and the company has net assets of -£65.5 thousand. According to their latest financial statements, we estimate that Mirox (Rye) Ltd has 10 employees and maintains cash reserves of £161 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | 1,880,588 | 2,158,781 | 911,911 |
| Trade Debtors | |||
| Group Debtors | |||
| Misc Debtors | 367 | 13,115 | |
| Cash | 161 | 660 | 1,230 |
| misc current assets | |||
| total current assets | 1,880,749 | 2,159,808 | 926,256 |
| total assets | 1,880,749 | 2,159,808 | 926,256 |
| Bank overdraft | 1,052,292 | 1,467,795 | 328,649 |
| Bank loan | |||
| Trade Creditors | |||
| Group/Directors Accounts | 143,300 | 146,500 | 146,500 |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 750,667 | 606,700 | 484,699 |
| total current liabilities | 1,946,259 | 2,220,995 | 959,848 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 1,946,259 | 2,220,995 | 959,848 |
| net assets | -65,510 | -61,187 | -33,592 |
| total shareholders funds | -65,510 | -61,187 | -33,592 |
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | -278,193 | 1,246,870 | 911,911 |
| Debtors | -367 | -12,748 | 13,115 |
| Creditors | |||
| Accruals and Deferred Income | 143,967 | 122,001 | 484,699 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | -3,200 | 146,500 | |
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -499 | -570 | 1,230 |
| overdraft | -415,503 | 1,139,146 | 328,649 |
| change in cash | 415,004 | -1,139,716 | -327,419 |
mirox (rye) ltd Credit Report and Business Information
Mirox (rye) Ltd Competitor Analysis
Perform a competitor analysis for mirox (rye) ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in BN27 area or any other competitors across 12 key performance metrics.
mirox (rye) ltd Ownership
MIROX (RYE) LTD group structure
Mirox (Rye) Ltd has no subsidiary companies.
Ultimate parent company
MIROX (RYE) LTD
12929550
mirox (rye) ltd directors
Mirox (Rye) Ltd currently has 2 directors. The longest serving directors include Ms Esther Sefaah (Oct 2020) and Mr George Beal (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Esther Sefaah | England | 47 years | Oct 2020 | - | Director |
| Mr George Beal | United Kingdom | 39 years | Oct 2020 | - | Director |
P&L
October 2023turnover
1.4m
+2%
operating profit
137.4k
0%
gross margin
70.9%
-0.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-65.5k
+0.07%
total assets
1.9m
-0.13%
cash
161
-0.76%
net assets
Total assets minus all liabilities
Similar Companies
mirox (rye) ltd company details
company number
12929550
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68100 - Buying and selling of own real estate
68320 - Management of real estate on a fee or contract basis
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
WATSON ASSOCIATES (PROFESSIONAL SERVICES) LIMITED
auditor
-
address
30/34 north street, hailsham, east sussex, BN27 1DW
Bank
-
Legal Advisor
-
mirox (rye) 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 7 charges/mortgages relating to mirox (rye) ltd. Currently there are 7 open charges and 0 have been satisfied in the past.
mirox (rye) 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 MIROX (RYE) LTD. This can take several minutes, an email will notify you when this has completed.
mirox (rye) ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
