Muirden 1 Limited

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muirden 1 limited Company Information

Live

EstablishedLargeRapid

Company Number

SC372838

Website

Registered Address

muirden farm, turriff, aberdeenshire, AB53 4NH

Industry

Production of electricity

Telephone

01888569310

Next Accounts Due

September 2024

Group Structure

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Directors

Alfred Duncan14 Years

Rachael Duncan1 Years

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Shareholders

culbirnie parks renewables (2016) ltd 100%

alfred john duncan 0%

muirden 1 limited Estimated Valuation

£129.4m

Pomanda estimates the enterprise value of MUIRDEN 1 LIMITED at £129.4m based on a Turnover of £47m and 2.76x industry multiple (adjusted for size and gross margin).

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Muirden 1 Limited is a live company located in aberdeenshire, AB53 4NH with a Companies House number of SC372838. It operates in the production of electricity sector, SIC Code 35110. Founded in February 2010, it's largest shareholder is culbirnie parks renewables (2016) ltd with a 100% stake. Muirden 1 Limited is a established, large sized company, Pomanda has estimated its turnover at £47m with rapid growth in recent years.

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Pomanda's financial health check has awarded Muirden 1 Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £47m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 85%, show it is growing at a faster rate (4.9%)

EXPORT

Muirden 1 Limited's latest turnover from December 2022 is estimated at £47 million and the company has net assets of £8.2 million. According to their latest financial statements, we estimate that Muirden 1 Limited has 45 employees and maintains cash reserves of £523.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Turnover	46,952,623	18,341,548	11,895,541	10,776,507	7,455,631	689,130	1,014,470	1,779,444	43,210	40,092	38,988	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	24,973,569	10,750,330	7,085,596	6,375,396	4,484,547	446,525	713,605	1,147,919	29,915	28,372	28,707	0	0
Gross Profit	21,979,054	7,591,218	4,809,944	4,401,112	2,971,084	242,605	300,865	631,524	13,295	11,720	10,282	0	0
Admin Expenses	17,464,905	5,776,520	4,868,642	1,119,233	1,968,150	2,777,801	-2,436,070	753,770	13,295	11,720	-169,975	138,798	63,583
Operating Profit	4,514,149	1,814,698	-58,698	3,281,879	1,002,934	-2,535,196	2,736,935	-122,246	0	0	180,257	-138,798	-63,583
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,183	227	8	4	32	1	0	0	0	0	0	0	0
Pre-Tax Profit	4,526,332	1,814,925	-58,690	3,281,883	1,002,967	-2,535,195	2,736,935	-122,246	0	0	180,257	-138,798	-63,583
Tax	-860,003	-344,836	0	-623,558	-190,564	0	-520,018	0	0	0	-41,459	0	0
Profit After Tax	3,666,329	1,470,089	-58,690	2,658,325	812,403	-2,535,195	2,216,917	-122,246	0	0	138,798	-138,798	-63,583
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,666,329	1,470,089	-58,690	2,658,325	812,403	-2,535,195	2,216,917	-122,246	0	0	138,798	-138,798	-63,583
Employee Costs	3,202,922	1,739,622	66,891	60,439	772,778	116,300	124,000	120,123	56,098	59,051	58,833	0	0
Number Of Employees	45	26	1	1	13	2	2	2	1	1	1	0	0
EBITDA*	4,514,149	1,814,698	-58,698	3,281,879	1,002,934	-2,535,196	2,736,935	-122,246	0	0	180,257	-138,798	-63,583

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Tangible Assets	0	0	0	1,228,128	0	0	4,388,096	0	0	0	0	0	0
Intangible Assets	2,205,717	2,357,016	1,072,696	0	1,812,501	3,474,608	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	5,062,461	100	100	101	100	100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,205,717	2,357,016	1,072,696	1,228,128	1,812,501	3,474,608	4,388,096	5,062,461	100	100	101	100	100
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	6,512,592	2,836,716	2,815,841	2,585,581	2,139,657	2	2	2	2	2	2	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	2	2
Cash	523,101	173,060	8,159	0	8,214	375	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,035,693	3,009,776	2,824,000	2,585,581	2,147,871	377	2	2	2	2	2	2	2
total assets	9,241,410	5,366,792	3,896,696	3,813,709	3,960,372	3,474,985	4,388,098	5,062,463	102	102	103	102	102
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	271,979	63,690	63,683	63,683	68,669	1,279,090	2,353,290	5,248,290	63,683	63,683	63,684	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	202,481	63,683
total current liabilities	271,979	63,690	63,683	63,683	68,669	1,279,090	2,353,290	5,248,290	63,683	63,683	63,684	202,481	63,683
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	3,720	0	0	0	0	0	0
other liabilities	783,405	783,405	783,405	783,405	783,405	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	783,405	783,405	783,405	783,405	783,405	0	3,720	0	0	0	0	0	0
total liabilities	1,055,384	847,095	847,088	847,088	852,074	1,279,090	2,357,010	5,248,290	63,683	63,683	63,684	202,481	63,683
net assets	8,186,026	4,519,697	3,049,608	2,966,621	3,108,298	2,195,895	2,031,088	-185,827	-63,581	-63,581	-63,581	-202,379	-63,581
total shareholders funds	8,186,026	4,519,697	3,049,608	2,966,621	3,108,298	2,195,895	2,031,088	-185,827	-63,581	-63,581	-63,581	-202,379	-63,581

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Operating Activities
Operating Profit	4,514,149	1,814,698	-58,698	3,281,879	1,002,934	-2,535,196	2,736,935	-122,246	0	0	180,257	-138,798	-63,583
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-860,003	-344,836	0	-623,558	-190,564	0	-520,018	0	0	0	-41,459	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	3,675,876	20,875	676,184	445,924	2,139,655	0	0	0	0	0	0	0	2
Creditors	208,289	7	-4,986	-4,986	-1,210,421	-1,074,200	-2,895,000	5,184,607	0	-1	63,684	0	0
Accruals and Deferred Income	0	0	0	0	0	-3,720	3,720	0	0	0	-202,481	138,798	63,683
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	186,559	1,448,994	-739,868	2,207,411	-2,537,706	-3,613,116	-674,363	5,062,361	0	-1	1	0	98
Investing Activities
capital expenditure	151,299	-1,284,320	739,805	584,373	1,662,107	913,488	-4,388,096	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	-5,062,461	5,062,361	0	-1	1	0	100
cash flow from investments	151,299	-1,284,320	739,805	584,373	1,662,107	913,488	674,365	-5,062,361	0	1	-1	0	-100
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	783,405	0	0	0	0	0	0	0	0
share issue	0	0	0	-2,800,002	100,000	2,700,002	-2	0	0	0	0	0	2
interest	12,183	227	8	4	32	1	0	0	0	0	0	0	0
cash flow from financing	12,183	227	8	-2,799,998	883,437	2,700,003	-2	0	0	0	0	0	2
cash and cash equivalents
cash	350,041	164,901	-55	-8,214	7,839	375	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	350,041	164,901	-55	-8,214	7,839	375	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for muirden 1 limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other large companies, companies in AB53 area or any other competitors across 12 key performance metrics.

MUIRDEN 1 LIMITED group structure

Muirden 1 Limited has no subsidiary companies.

Ultimate parent company

MUIRDEN 1 LIMITED

SC372838

MUIRDEN 1 LIMITED Shareholders

culbirnie parks renewables (2016) ltd	100%
alfred john duncan	0%

Muirden 1 Limited currently has 3 directors. The longest serving directors include Mr Alfred Duncan (Apr 2010) and Miss Rachael Duncan (Jun 2023).

officer	country	age	start	end	role
Mr Alfred Duncan		81 years	Apr 2010	-	Director
Miss Rachael Duncan		32 years	Jun 2023	-	Director
Mr David Green	United Kingdom	57 years	Aug 2023	-	Director

P&L

December 2022

turnover

47m

+156%

operating profit

4.5m

gross margin

46.9%

+13.1%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

8.2m

+0.81%

total assets

9.2m

+0.72%

cash

523.1k

+2.02%

net assets

Total assets minus all liabilities

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company number

SC372838

Type

Private limited with Share Capital

industry

35110 - Production of electricity

incorporation date

February 2010

accounts

Unaudited Abridged

ultimate parent company

None

previous names

mm&s (5582) limited (March 2010)

last accounts submitted

December 2022

address

muirden farm, turriff, aberdeenshire, AB53 4NH

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 2 charges/mortgages relating to muirden 1 limited. Currently there are 2 open charges and 0 have been satisfied in the past.

muirden 1 limited Company Information

muirden 1 limited Estimated Valuation

muirden 1 limited Estimated Valuation

muirden 1 limited Estimated Valuation

Muirden 1 Limited Overview

Muirden 1 Limited Health Check

MUIRDEN 1 LIMITED financials

muirden 1 limited Credit Report and Business Information

Muirden 1 Limited Competitor Analysis

muirden 1 limited Ownership

muirden 1 limited directors

muirden 1 limited company details

muirden 1 limited Charges & Mortgages

muirden 1 limited Companies House Filings - See Documents