Mills Commercial Limited

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mills commercial limited Company Information

Live

MatureSmallDeclining

Company Number

03595616

Website

Registered Address

mill stream farm, 17 brighton road, redhill, surrey, RH1 5BT

Industry

Sale of new cars and light motor vehicles

Telephone

Next Accounts Due

10 days late

Group Structure

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Directors

Robert Lammas25 Years

Kenneth Lammas25 Years

Shareholders

mr kenneth john lammas 51%

robert james lammas 49%

mills commercial limited Estimated Valuation

£23.2m

Pomanda estimates the enterprise value of MILLS COMMERCIAL LIMITED at £23.2m based on Net Assets of £8m and 2.89x industry multiple (adjusted for liquidity).

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Mills Commercial Limited is a live company located in redhill, RH1 5BT with a Companies House number of 03595616. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in July 1998, it's largest shareholder is mr kenneth john lammas with a 51% stake. Mills Commercial Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Mills Commercial Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£46.7m)

Growth

3 year (CAGR) sales growth of -71%, show it is growing at a slower rate (1.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILLS COMMERCIAL LIMITED group structure

Mills Commercial Limited has no subsidiary companies.

Ultimate parent company

MILLS COMMERCIAL LIMITED

03595616

MILLS COMMERCIAL LIMITED Shareholders

mr kenneth john lammas	51%
robert james lammas	49%

Mills Commercial Limited currently has 2 directors. The longest serving directors include Mr Robert Lammas (Jul 1998) and Mr Kenneth Lammas (Jul 1998).

officer	country	age	start	end	role
Mr Robert Lammas		84 years	Jul 1998	-	Director
Mr Kenneth Lammas	United Kingdom	64 years	Jul 1998	-	Director

EXPORT

Mills Commercial Limited's latest turnover from August 2022 is estimated at £2.2 million and the company has net assets of £8 million. According to their latest financial statements, we estimate that Mills Commercial Limited has 3 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	2,199,870	3,287,830	95,018,058	93,561,675	1,862,196	101,476	181,516	485,823	499,865	496,548	430,868	356,662	319,138	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,037,673	3,084,604	88,938,885	87,578,270	1,740,887	94,585	169,258	452,342	464,083	461,299	399,333	329,223	293,372	0
Gross Profit	162,197	203,226	6,079,173	5,983,405	121,308	6,891	12,258	33,481	35,783	35,249	31,535	27,439	25,766	0
Admin Expenses	457,109	560,755	6,169,459	-4,188,341	-172,758	61,413	23,989	43,399	33,931	41,940	38,268	33,982	27,607	-14,150
Operating Profit	-294,912	-357,529	-90,286	10,171,746	294,066	-54,522	-11,731	-9,918	1,852	-6,691	-6,733	-6,543	-1,841	14,150
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	69,738	3,270	0	0	331	192	191	386	382	375	256	186	147	57
Pre-Tax Profit	-225,174	-354,259	-90,286	10,171,746	294,398	-54,330	-11,540	-9,532	2,234	-6,316	-6,478	-6,357	-1,694	14,207
Tax	0	0	0	-1,932,632	-55,936	0	0	0	-469	0	0	0	0	-3,978
Profit After Tax	-225,174	-354,259	-90,286	8,239,114	238,462	-54,330	-11,540	-9,532	1,765	-6,316	-6,478	-6,357	-1,694	10,229
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-225,174	-354,259	-90,286	8,239,114	238,462	-54,330	-11,540	-9,532	1,765	-6,316	-6,478	-6,357	-1,694	10,229
Employee Costs	106,902	63,901	63,950	30,804	120,233	29,589	28,579	27,943	27,650	53,103	26,033	26,069	25,700	0
Number Of Employees	3	2	2	1	4	1	1	1	1	2	1	1	1	0
EBITDA*	-223,330	-357,529	-90,286	10,171,746	294,066	-46,352	-2,563	235	11,336	-616	-658	-468	-1,841	17,550

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	6,417,310	3,325,557	351,374	91,200	490,914	497,964	504,034	500,702	510,855	504,026	510,101	516,176	522,251	515,620
Intangible Assets	124,328	130,872	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,541,638	3,456,429	351,374	91,200	490,914	497,964	504,034	500,702	510,855	504,026	510,101	516,176	522,251	515,620
Stock & work in progress	223,739	158,106	0	0	0	8,850	24,011	16,861	5,248	5,535	5,535	7,996	10,045	15,990
Trade Debtors	115,294	113,920	9,899,806	10,641,431	76,749	7,756	14,646	22,681	31,609	28,209	24,965	21,922	16,788	25,981
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	19,661	14,381	0	0	0	0	0	0	0
Cash	1,430,316	6,539,746	0	0	0	88,326	65,591	87,413	66,809	86,124	63,714	38,486	35,901	22,780
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,769,349	6,811,772	9,899,806	10,641,431	76,749	124,593	118,629	126,955	103,666	119,868	94,214	68,404	62,734	64,751
total assets	8,310,987	10,268,201	10,251,180	10,732,631	567,663	622,557	622,663	627,657	614,521	623,894	604,315	584,580	584,985	580,371
Bank overdraft	0	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	0
Trade Creditors	217,108	2,019,322	1,948,143	2,157,608	231,754	13,417	12,093	149,640	126,972	138,110	112,215	86,002	84,425	74,617
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	210,593	157,693	0	0	0	0	0	0	0
total current liabilities	217,108	2,019,322	1,948,143	2,157,608	231,754	224,010	169,786	149,640	126,972	138,110	112,215	86,002	84,425	74,617
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	181,700	181,700	182,700	182,700	196,300	196,300	196,300	196,300	196,300	191,925	195,425
provisions	70,174	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	70,174	0	0	181,700	181,700	182,700	182,700	196,300	196,300	196,300	196,300	196,300	191,925	195,425
total liabilities	287,282	2,019,322	1,948,143	2,339,308	413,454	406,710	352,486	345,940	323,272	334,410	308,515	282,302	276,350	270,042
net assets	8,023,705	8,248,879	8,303,037	8,393,323	154,209	215,847	270,177	281,717	291,249	289,484	295,800	302,278	308,635	310,329
total shareholders funds	8,023,705	8,248,879	8,303,037	8,393,323	154,209	215,847	270,177	281,717	291,249	289,484	295,800	302,278	308,635	310,329

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-294,912	-357,529	-90,286	10,171,746	294,066	-54,522	-11,731	-9,918	1,852	-6,691	-6,733	-6,543	-1,841	14,150
Depreciation	65,038	0	0	0	0	8,170	9,168	10,153	9,484	6,075	6,075	6,075	0	3,400
Amortisation	6,544	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-1,932,632	-55,936	0	0	0	-469	0	0	0	0	-3,978
Stock	65,633	158,106	0	0	-8,850	-15,161	7,150	11,613	-287	0	-2,461	-2,049	-5,945	15,990
Debtors	1,374	-9,785,886	-741,625	10,564,682	49,332	-1,610	6,346	-8,928	3,400	3,244	3,043	5,134	-9,193	25,981
Creditors	-1,802,214	71,179	-209,465	1,925,854	218,337	1,324	-137,547	22,668	-11,138	25,895	26,213	1,577	9,808	74,617
Accruals and Deferred Income	0	0	0	0	-210,593	52,900	157,693	0	0	0	0	0	0	0
Deferred Taxes & Provisions	70,174	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,022,377	9,341,430	441,874	-399,714	205,392	24,643	4,087	20,218	-3,384	22,035	24,973	-1,976	23,105	46,218
Investing Activities
capital expenditure	-3,156,791	-3,105,055	-260,174	399,714	7,050	-2,100	-12,500	0	-16,313	0	0	0	-6,631	-519,020
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,156,791	-3,105,055	-260,174	399,714	7,050	-2,100	-12,500	0	-16,313	0	0	0	-6,631	-519,020
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-181,700	0	-1,000	0	-13,600	0	0	0	0	4,375	-3,500	195,425
share issue	0	300,101	0	0	-300,100	0	0	0	0	0	0	0	0	300,100
interest	69,738	3,270	0	0	331	192	191	386	382	375	256	186	147	57
cash flow from financing	69,738	303,371	-181,700	0	-300,769	192	-13,409	386	382	375	256	4,561	-3,353	495,582
cash and cash equivalents
cash	-5,109,430	6,539,746	0	0	-88,326	22,735	-21,822	20,604	-19,315	22,410	25,228	2,585	13,121	22,780
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-5,109,430	6,539,746	0	0	-88,326	22,735	-21,822	20,604	-19,315	22,410	25,228	2,585	13,121	22,780

P&L

August 2022

turnover

2.2m

-33%

operating profit

-294.9k

gross margin

7.4%

+19.28%

turnover

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

Balance Sheet

August 2022

net assets

-0.03%

total assets

8.3m

-0.19%

cash

1.4m

-0.78%

net assets

Total assets minus all liabilities

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company number

03595616

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

incorporation date

July 1998

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

mill stream farm, 17 brighton road, redhill, surrey, RH1 5BT

last accounts submitted

August 2022

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 mills commercial limited.

mills commercial limited Company Information

mills commercial limited Estimated Valuation

mills commercial limited Estimated Valuation

mills commercial limited Estimated Valuation

Mills Commercial Limited AI Business Plan

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MILLS COMMERCIAL LIMITED financials

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