millar & matchett limited Company Information
Company Number
NI005214
Website
millar_matchett.co.ukRegistered Address
12 twinburn gardens, newtownabbey, county antrim, BT37 0EW
Industry
Electrical installation
Telephone
02890848271
Next Accounts Due
March 2024
Group Structure
View All
Directors
Kenneth Ginnett20 Years
Shareholders
kenneth ginnett 100%
millar & matchett limited Estimated Valuation
Pomanda estimates the enterprise value of MILLAR & MATCHETT LIMITED at £368.3k based on a Turnover of £1.1m and 0.34x industry multiple (adjusted for size and gross margin).
millar & matchett limited Estimated Valuation
Pomanda estimates the enterprise value of MILLAR & MATCHETT LIMITED at £0 based on an EBITDA of £-28.2k and a 3.9x industry multiple (adjusted for size and gross margin).
millar & matchett limited Estimated Valuation
Pomanda estimates the enterprise value of MILLAR & MATCHETT LIMITED at £431.9k based on Net Assets of £129k and 3.35x industry multiple (adjusted for liquidity).
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Millar & Matchett Limited Overview
Millar & Matchett Limited is a dissolved company that was located in county antrim, BT37 0EW with a Companies House number of NI005214. It operated in the electrical installation sector, SIC Code 43210. Founded in April 1962, it's largest shareholder was kenneth ginnett with a 100% stake. The last turnover for Millar & Matchett Limited was estimated at £1.1m.
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Millar & Matchett Limited Health Check
Pomanda's financial health check has awarded Millar & Matchett Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £1.1m, make it larger than the average company (£463.7k)
- Millar & Matchett Limited
£463.7k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Millar & Matchett Limited
- - Industry AVG
Production
with a gross margin of 19.3%, this company has a higher cost of product (32%)
- Millar & Matchett Limited
32% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (5.6%)
- Millar & Matchett Limited
5.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (83)
- Millar & Matchett Limited
83 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)
- Millar & Matchett Limited
£37.6k - Industry AVG
Efficiency
resulting in sales per employee of £182k, this is more efficient (£128.4k)
- Millar & Matchett Limited
£128.4k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (52 days)
- Millar & Matchett Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 158 days, this is slower than average (45 days)
- Millar & Matchett Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Millar & Matchett Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (15 weeks)
24 weeks - Millar & Matchett Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.8%, this is a similar level of debt than the average (73%)
74.8% - Millar & Matchett Limited
73% - Industry AVG
millar & matchett limited Credit Report and Business Information
Millar & Matchett Limited Competitor Analysis
Perform a competitor analysis for millar & matchett limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
millar & matchett limited Ownership
MILLAR & MATCHETT LIMITED group structure
Millar & Matchett Limited has no subsidiary companies.
Ultimate parent company
MILLAR & MATCHETT LIMITED
NI005214
millar & matchett limited directors
Millar & Matchett Limited currently has 1 director, Mr Kenneth Ginnett serving since Oct 2003.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Kenneth Ginnett | Northern Ireland | 56 years | Oct 2003 | - | Director |
MILLAR & MATCHETT LIMITED financials
Millar & Matchett Limited's latest turnover from December 2011 is estimated at £1.1 million and the company has net assets of £129 thousand. According to their latest financial statements, we estimate that Millar & Matchett Limited has 6 employees and maintains cash reserves of £179.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|
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
Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|
Tangible Assets | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 |
Investments & Other | 135,000 | 135,000 | 135,000 |
Debtors (Due After 1 year) | 0 | 0 | 0 |
Total Fixed Assets | 135,000 | 135,000 | 135,000 |
Stock & work in progress | 0 | 0 | 0 |
Trade Debtors | 195,981 | 137,874 | 260,549 |
Group Debtors | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 |
Cash | 179,897 | 260,142 | 291,652 |
misc current assets | 0 | 0 | 0 |
total current assets | 375,878 | 398,016 | 552,201 |
total assets | 510,878 | 533,016 | 687,201 |
Bank overdraft | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 |
Trade Creditors | 381,885 | 376,874 | 560,532 |
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 | 381,885 | 376,874 | 560,532 |
loans | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 |
provisions | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 |
total liabilities | 381,885 | 376,874 | 560,532 |
net assets | 128,993 | 156,142 | 126,669 |
total shareholders funds | 128,993 | 156,142 | 126,669 |
Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|
Operating Activities | |||
Operating Profit | |||
Depreciation | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 |
Tax | |||
Stock | 0 | 0 | 0 |
Debtors | 58,107 | -122,675 | 260,549 |
Creditors | 5,011 | -183,658 | 560,532 |
Accruals and Deferred Income | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 |
Cash flow from operations | |||
Investing Activities | |||
capital expenditure | |||
Change in Investments | 0 | 0 | 135,000 |
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 | -80,245 | -31,510 | 291,652 |
overdraft | 0 | 0 | 0 |
change in cash | -80,245 | -31,510 | 291,652 |
P&L
December 2011turnover
1.1m
+29%
operating profit
-28.2k
0%
gross margin
19.3%
-9.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2011net assets
129k
-0.17%
total assets
510.9k
-0.04%
cash
179.9k
-0.31%
net assets
Total assets minus all liabilities
millar & matchett limited company details
company number
NI005214
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
April 1962
age
62
accounts
Total Exemption Small
ultimate parent company
previous names
millar and matchett limited (September 1990)
miller and matchett limited (September 1990)
incorporated
UK
address
12 twinburn gardens, newtownabbey, county antrim, BT37 0EW
last accounts submitted
December 2011
millar & matchett 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 4 charges/mortgages relating to millar & matchett limited. Currently there are 1 open charges and 3 have been satisfied in the past.
millar & matchett limited Companies House Filings - See Documents
date | description | view/download |
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