mountfitchet group limited
mountfitchet group limited Company Information
Company Number
14301223
Website
-Registered Address
millbank house, 171-185 ewell road, surbiton, KT6 6AP
Industry
Activities of head offices
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
christine leach 17.5%
christopher leach 17.5%
View Allmountfitchet group limited Estimated Valuation
Pomanda estimates the enterprise value of MOUNTFITCHET GROUP LIMITED at £2.2b based on a Turnover of £178m and 12.18x industry multiple (adjusted for size and gross margin).
mountfitchet group limited Estimated Valuation
Pomanda estimates the enterprise value of MOUNTFITCHET GROUP LIMITED at £1.4b based on an EBITDA of £69m and a 20.87x industry multiple (adjusted for size and gross margin).
mountfitchet group limited Estimated Valuation
Pomanda estimates the enterprise value of MOUNTFITCHET GROUP LIMITED at £0 based on Net Assets of £-86m and 3.95x industry multiple (adjusted for liquidity).
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Mountfitchet Group Limited Overview
Mountfitchet Group Limited is a live company located in surbiton, KT6 6AP with a Companies House number of 14301223. It operates in the activities of head offices sector, SIC Code 70100. Founded in August 2022, it's largest shareholder is christine leach with a 17.5% stake. Mountfitchet Group Limited is a startup, mega sized company, Pomanda has estimated its turnover at £178m with unknown growth in recent years.
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Mountfitchet Group Limited Health Check
Pomanda's financial health check has awarded Mountfitchet Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
3 Weak
Size
annual sales of £178m, make it larger than the average company (£20.6m)
£178m - Mountfitchet Group Limited
£20.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mountfitchet Group Limited
- - Industry AVG
Production
with a gross margin of 95.8%, this company has a lower cost of product (33%)
95.8% - Mountfitchet Group Limited
33% - Industry AVG
Profitability
an operating margin of 38.8% make it more profitable than the average company (5.9%)
38.8% - Mountfitchet Group Limited
5.9% - Industry AVG
Employees
with 589 employees, this is above the industry average (121)
589 - Mountfitchet Group Limited
121 - Industry AVG
Pay Structure
on an average salary of £112.2k, the company has a higher pay structure (£45k)
£112.2k - Mountfitchet Group Limited
£45k - Industry AVG
Efficiency
resulting in sales per employee of £302.2k, this is more efficient (£183.1k)
£302.2k - Mountfitchet Group Limited
£183.1k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (46 days)
79 days - Mountfitchet Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 751 days, this is slower than average (45 days)
751 days - Mountfitchet Group Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mountfitchet Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (16 weeks)
21 weeks - Mountfitchet Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 154.6%, this is a higher level of debt than the average (57.1%)
154.6% - Mountfitchet Group Limited
57.1% - Industry AVG
MOUNTFITCHET GROUP LIMITED financials
Mountfitchet Group Limited's latest turnover from January 2023 is £178 million and the company has net assets of -£86 million. According to their latest financial statements, Mountfitchet Group Limited has 589 employees and maintains cash reserves of £37.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | |
|---|---|---|
| Turnover | 178,004,000 | 150,644,000 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 7,472,000 | 6,981,000 |
| Gross Profit | 170,532,000 | 143,663,000 |
| Admin Expenses | 101,559,000 | 77,143,000 |
| Operating Profit | 68,973,000 | 66,520,000 |
| Interest Payable | 5,924,000 | 1,346,000 |
| Interest Receivable | 97,000 | 10,000 |
| Pre-Tax Profit | 63,146,000 | 65,184,000 |
| Tax | -16,373,000 | -13,806,000 |
| Profit After Tax | 46,773,000 | 51,378,000 |
| Dividends Paid | 22,322,000 | 42,540,000 |
| Retained Profit | 24,306,000 | 8,708,000 |
| Employee Costs | 66,078,000 | 53,407,000 |
| Number Of Employees | 589 | 523 |
| EBITDA* | 68,973,000 | 66,520,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | |
|---|---|---|
| Tangible Assets | 24,841,000 | 25,646,000 |
| Intangible Assets | 40,843,000 | 39,079,000 |
| Investments & Other | 725,000 | 278,000 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 66,409,000 | 65,003,000 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 38,651,000 | 42,818,000 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 14,682,000 | 45,697,000 |
| Cash | 37,604,000 | 66,766,000 |
| misc current assets | 0 | 0 |
| total current assets | 90,937,000 | 155,281,000 |
| total assets | 157,346,000 | 220,284,000 |
| Bank overdraft | 0 | 0 |
| Bank loan | 5,190,000 | 17,179,000 |
| Trade Creditors | 15,384,000 | 16,242,000 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 1,737,000 | 1,997,000 |
| other current liabilities | 68,784,000 | 138,114,000 |
| total current liabilities | 91,095,000 | 173,532,000 |
| loans | 143,003,000 | 0 |
| hp & lease commitments | 5,079,000 | 5,127,000 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 4,038,000 | 2,211,000 |
| total long term liabilities | 152,120,000 | 7,338,000 |
| total liabilities | 243,215,000 | 180,870,000 |
| net assets | -86,027,000 | 39,094,000 |
| total shareholders funds | -86,027,000 | 39,094,000 |
| Jan 2023 | Jan 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 68,973,000 | 66,520,000 |
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | -16,373,000 | -13,806,000 |
| Stock | 0 | 0 |
| Debtors | -35,182,000 | 88,515,000 |
| Creditors | -858,000 | 16,242,000 |
| Accruals and Deferred Income | -69,330,000 | 138,114,000 |
| Deferred Taxes & Provisions | 1,827,000 | 2,211,000 |
| Cash flow from operations | 19,421,000 | 120,766,000 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 447,000 | 278,000 |
| cash flow from investments | -447,000 | -278,000 |
| Financing Activities | ||
| Bank loans | -11,989,000 | 17,179,000 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 143,003,000 | 0 |
| Hire Purchase and Lease Commitments | -308,000 | 7,124,000 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -5,827,000 | -1,336,000 |
| cash flow from financing | -24,548,000 | 53,353,000 |
| cash and cash equivalents | ||
| cash | -29,162,000 | 66,766,000 |
| overdraft | 0 | 0 |
| change in cash | -29,162,000 | 66,766,000 |
mountfitchet group limited Credit Report and Business Information
Mountfitchet Group Limited Competitor Analysis
Perform a competitor analysis for mountfitchet group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mountfitchet group limited Ownership
MOUNTFITCHET GROUP LIMITED group structure
Mountfitchet Group Limited has 1 subsidiary company.
Ultimate parent company
MOUNTFITCHET GROUP LIMITED
14301223
1 subsidiary
mountfitchet group limited directors
Mountfitchet Group Limited currently has 6 directors. The longest serving directors include Mr Stewart Pitt (Aug 2022) and Mr Justin Bowman (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stewart Pitt | United Kingdom | 52 years | Aug 2022 | - | Director |
| Mr Justin Bowman | England | 51 years | Aug 2022 | - | Director |
| Mr Richard Carrick | England | 69 years | Sep 2022 | - | Director |
| Mr Mark Storey | 62 years | Sep 2022 | - | Director | |
| Mr James Leach | United Kingdom | 40 years | Sep 2022 | - | Director |
| Mr Christopher Leach | England | 75 years | Sep 2022 | - | Director |
P&L
January 2023turnover
178m
+18%
operating profit
69m
+4%
gross margin
95.9%
+0.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-86m
-3.2%
total assets
157.3m
-0.29%
cash
37.6m
-0.44%
net assets
Total assets minus all liabilities
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mountfitchet group limited company details
company number
14301223
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
August 2022
age
2
accounts
Group
ultimate parent company
previous names
airlift topco limited (January 2024)
incorporated
UK
address
millbank house, 171-185 ewell road, surbiton, KT6 6AP
last accounts submitted
January 2023
mountfitchet group 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 mountfitchet group limited.
mountfitchet group limited Companies House Filings - See Documents
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