millar & matchett limited

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millar & matchett limited Company Information

Share MILLAR & MATCHETT LIMITED
Dissolved 

Company Number

NI005214

Registered 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

£368.3k

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

£0

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

£431.9k

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2011 

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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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £1.1m, make it larger than the average company (£463.7k)

£1.1m - Millar & Matchett Limited

£463.7k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Millar & Matchett Limited

- - Industry AVG

production

Production

with a gross margin of 19.3%, this company has a higher cost of product (32%)

19.3% - Millar & Matchett Limited

32% - Industry AVG

profitability

Profitability

an operating margin of -2.6% make it less profitable than the average company (5.6%)

-2.6% - Millar & Matchett Limited

5.6% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (83)

6 - Millar & Matchett Limited

83 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)

£37.6k - Millar & Matchett Limited

£37.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £182k, this is more efficient (£128.4k)

£182k - Millar & Matchett Limited

£128.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 65 days, this is later than average (52 days)

65 days - Millar & Matchett Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 158 days, this is slower than average (45 days)

158 days - Millar & Matchett Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Millar & Matchett Limited

- - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Millar & Matchett Limited Competitor Analysis

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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 Shareholders

kenneth ginnett 100%

millar & matchett limited directors

Millar & Matchett Limited currently has 1 director, Mr Kenneth Ginnett serving since Oct 2003.

officercountryagestartendrole
Mr Kenneth GinnettNorthern Ireland56 years Oct 2003- Director

MILLAR & MATCHETT LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2011Dec 2010Dec 2009
Turnover1,092,202846,7900
Other Income Or Grants000
Cost Of Sales881,941667,3380
Gross Profit210,261179,4520
Admin Expenses238,510139,897-169,644
Operating Profit-28,24939,555169,644
Interest Payable000
Interest Receivable1,1001,379729
Pre-Tax Profit-27,14940,935170,374
Tax0-11,462-47,705
Profit After Tax-27,14929,473122,669
Dividends Paid000
Retained Profit-27,14929,473122,669
Employee Costs225,651183,4190
Number Of Employees650
EBITDA*-28,24939,555169,644

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2011Dec 2010Dec 2009
Tangible Assets000
Intangible Assets000
Investments & Other135,000135,000135,000
Debtors (Due After 1 year)000
Total Fixed Assets135,000135,000135,000
Stock & work in progress000
Trade Debtors195,981137,874260,549
Group Debtors000
Misc Debtors000
Cash179,897260,142291,652
misc current assets000
total current assets375,878398,016552,201
total assets510,878533,016687,201
Bank overdraft000
Bank loan000
Trade Creditors 381,885376,874560,532
Group/Directors Accounts000
other short term finances000
hp & lease commitments000
other current liabilities000
total current liabilities381,885376,874560,532
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities000
provisions000
total long term liabilities000
total liabilities381,885376,874560,532
net assets128,993156,142126,669
total shareholders funds128,993156,142126,669
Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-28,24939,555169,644
Depreciation000
Amortisation000
Tax0-11,462-47,705
Stock000
Debtors58,107-122,675260,549
Creditors5,011-183,658560,532
Accruals and Deferred Income000
Deferred Taxes & Provisions000
Cash flow from operations-81,345-32,890421,922
Investing Activities
capital expenditure000
Change in Investments00135,000
cash flow from investments00-135,000
Financing Activities
Bank loans000
Group/Directors Accounts000
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities000
share issue004,000
interest1,1001,379729
cash flow from financing1,1001,3794,729
cash and cash equivalents
cash-80,245-31,510291,652
overdraft000
change in cash-80,245-31,510291,652

P&L

December 2011

turnover

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 2011

net 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

None

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.

charges

millar & matchett limited Companies House Filings - See Documents

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