meggitt limited

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meggitt limited Company Information

Share MEGGITT LIMITED

Company Number

00432989

Shareholders

parker hannifin corporation

Group Structure

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Industry

Activities of head offices

 

Registered Address

pilot way ansty business park, coventry, CV7 9JU

meggitt limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MEGGITT LIMITED at £0 based on a Turnover of £0 and 0.49x industry multiple (adjusted for size and gross margin).

meggitt limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MEGGITT LIMITED at £0 based on an EBITDA of £-104.6m and a 3.89x industry multiple (adjusted for size and gross margin).

meggitt limited Estimated Valuation

£6.1b

Pomanda estimates the enterprise value of MEGGITT LIMITED at £6.1b based on Net Assets of £2.9b and 2.11x industry multiple (adjusted for liquidity).

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Meggitt Limited Overview

Meggitt Limited is a live company located in coventry, CV7 9JU with a Companies House number of 00432989. It operates in the activities of head offices sector, SIC Code 70100. Founded in April 1947, it's largest shareholder is parker hannifin corporation with a 100% stake. Meggitt Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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Meggitt Limited Health Check

Pomanda's financial health check has awarded Meggitt Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

0 Regular

positive_score

3 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

- - Meggitt Limited

- - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (5.3%)

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production

Production

There is insufficient data available for this Key Performance Indicator!

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profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

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employees

Employees

with 292 employees, this is above the industry average (108)

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- - Industry AVG

paystructure

Pay Structure

on an average salary of £146.6k, the company has a higher pay structure (£47.5k)

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efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

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debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

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creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Meggitt Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)

- - Meggitt Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 12.9%, this is a lower level of debt than the average (56%)

- - Meggitt Limited

- - Industry AVG

MEGGITT LIMITED financials

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Meggitt Limited's latest turnover from June 2023 is 0 and the company has net assets of £2.9 billion. According to their latest financial statements, Meggitt Limited has 292 employees and maintains cash reserves of £48.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,489,200,0001,684,100,0002,276,200,0002,080,600,0001,994,400,0001,992,400,0001,647,200,0001,553,700,0001,637,300,0001,605,800,0001,455,300,0001,162,000,0001,150,500,000
Other Income Or Grants
Cost Of Sales1,016,800,0001,200,600,0001,458,000,0001,320,100,0001,235,200,0001,217,200,000997,200,000935,900,000981,100,000929,100,000839,800,000639,800,000656,300,000
Gross Profit472,400,000483,500,000818,200,000760,500,000759,200,000775,200,000650,000,000617,800,000656,200,000676,700,000615,500,000522,200,000494,200,000
Admin Expenses122,039,000409,000,000780,800,000492,900,000503,900,000486,500,000541,500,000413,400,000381,600,000355,900,000355,300,000-11,000,000302,100,000261,400,000
Operating Profit-122,039,00063,400,000-297,300,000325,300,000256,600,000272,700,000233,700,000236,600,000236,200,000300,300,000321,400,000626,500,000220,100,000232,800,000
Interest Payable33,900,00039,000,00043,600,00044,800,00045,800,00044,200,00029,100,00028,500,00031,200,00026,300,00073,400,00081,200,00080,100,000
Interest Receivable18,109,0001,800,0002,300,0005,000,0004,300,0001,400,0006,000,0002,700,0001,200,000300,0002,000,00036,900,00033,600,0001,500,000
Pre-Tax Profit-103,930,00031,300,000-334,000,000286,700,000216,100,000228,300,000195,500,000210,200,000208,900,000269,400,000281,300,000226,000,000172,500,000180,800,000
Tax-15,507,000-100,00019,800,000-64,100,000-37,100,00064,500,000-24,300,000-28,100,000-31,900,000-37,100,000-45,800,000-41,100,000-33,700,000-42,000,000
Profit After Tax-119,437,00031,200,000-314,200,000222,600,000179,000,000292,800,000171,200,000182,100,000177,000,000232,300,000235,500,000184,900,000138,800,000138,800,000
Dividends Paid130,400,000124,200,000118,600,000113,000,000111,100,000104,400,00095,600,00071,800,00048,400,00029,700,00029,600,000
Retained Profit-119,437,00031,200,000-314,200,00092,200,00054,800,000174,200,00058,200,00071,000,00072,600,000136,700,000163,700,000136,500,000109,100,000109,200,000
Employee Costs42,805,000568,200,000659,300,000815,400,000749,900,000724,400,000708,200,000590,600,000541,800,000566,100,000542,700,000469,600,000372,200,000357,800,000
Number Of Employees2929,18510,52012,22412,00911,07411,47910,85110,68511,03510,8319,3577,1887,544
EBITDA*-104,596,000258,400,000-98,900,000491,200,000423,100,000457,500,000442,100,000392,600,000388,000,000458,900,000476,100,000695,500,000280,800,000334,900,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets4,962,000581,900,000589,900,000573,600,0001,101,100,0001,075,900,0001,314,800,000388,200,000375,000,000380,000,000906,100,000496,800,000412,700,000424,600,000
Intangible Assets13,271,0002,382,100,0002,471,200,0003,064,100,0002,645,700,0002,617,000,0002,913,300,0003,291,500,0002,804,900,0002,645,500,0002,273,100,0002,793,100,0002,352,700,0002,310,300,000
Investments & Other2,093,102,00018,700,00020,800,00069,300,00022,900,00042,100,000962,000,00036,900,00029,600,00035,500,00039,700,00012,000,0001,900,000
Debtors (Due After 1 year)84,600,000110,300,00054,900,00021,500,00038,700,00062,200,00093,400,00089,900,00098,800,000114,700,00088,600,00036,200,000
Total Fixed Assets2,111,335,0002,964,000,0003,061,100,0003,637,700,0003,746,800,0003,692,900,0004,228,100,0003,679,700,0003,179,900,0003,025,500,0003,179,200,0003,289,900,0002,765,400,0002,734,900,000
Stock & work in progress455,400,000426,900,000489,800,000441,200,000393,400,000468,500,000401,600,000327,900,000299,200,000291,200,000277,500,000239,100,000236,500,000
Trade Debtors248,000,000198,800,000330,400,000344,100,000320,200,000434,500,000288,900,000287,300,000280,500,000240,200,000271,300,000194,000,000161,800,000
Group Debtors1,160,436,00014,600,000
Misc Debtors3,066,00051,300,00057,700,00049,500,00069,500,00069,500,00062,500,00044,500,00048,400,00049,400,00046,100,00044,400,00049,500,000
Cash48,341,000190,800,000178,600,000155,300,000181,900,000118,500,000173,800,000147,300,000105,500,000116,100,000104,900,00094,600,00051,900,00062,900,000
misc current assets53,700,00048,800,00081,200,00073,900,00057,300,0008,600,00013,900,0004,400,00014,000,0005,200,0006,700,0007,000,0004,700,000
total current assets1,211,843,0001,007,300,000937,000,0001,106,200,0001,110,600,000958,900,0001,085,400,000914,200,000769,600,000758,200,000705,500,000696,200,000536,400,000515,400,000
total assets3,323,178,0003,971,300,0003,998,100,0004,743,900,0004,857,400,0004,651,800,0005,313,500,0004,593,900,0003,949,500,0003,783,700,0003,884,700,0003,986,100,0003,301,800,0003,250,300,000
Bank overdraft4,000,0003,900,000127,000,0002,700,0008,200,000
Bank loan2,800,0002,200,000200,000400,00071,400,000300,00058,900,0008,100,000
Trade Creditors 1,820,000132,400,000131,400,000222,000,000195,000,000155,000,000464,000,000161,900,000127,300,000128,200,000121,600,000142,400,00089,200,00069,200,000
Group/Directors Accounts413,315,000
other short term finances105,700,00029,900,000219,200,0009,800,00017,300,000175,400,0004,000,0002,500,000
hp & lease commitments45,00015,600,00014,700,00016,400,00016,100,00016,900,000100,000100,000100,0002,400,0003,100,000700,000800,000800,000
other current liabilities9,489,000338,200,000309,100,000427,300,000396,700,000412,700,000120,400,000327,700,000322,400,000285,800,000336,100,000324,100,000270,700,000256,700,000
total current liabilities424,669,000594,700,000487,300,000885,100,000618,000,000673,300,000760,200,000493,700,000508,700,000424,300,000587,800,000469,900,000368,900,000337,300,000
loans1,772,700,0001,927,000,0001,112,900,0001,687,000,0002,211,200,0002,399,900,0002,402,500,0001,252,900,0001,342,300,0001,234,800,0001,180,300,000982,400,0001,758,800,000
hp & lease commitments90,000153,400,000129,600,000136,200,00081,400,00085,200,0006,500,0005,400,0005,300,0005,100,0005,000,0008,200,0003,900,0004,600,000
Accruals and Deferred Income220,900,0002,900,000
other liabilities3,700,0008,500,00079,100,00045,200,00028,600,0005,000,0004,200,000320,700,0005,200,000303,100,0006,500,0007,800,000
provisions3,327,000575,200,000938,200,000975,200,000909,400,0001,065,600,0001,738,200,0001,418,800,000261,000,0001,213,200,000936,000,0001,673,800,0001,420,000,0001,489,400,000
total long term liabilities3,417,0001,214,600,0001,478,200,0001,402,000,0001,747,000,0001,667,000,0002,096,900,0001,921,700,0001,300,000,0001,283,000,0001,391,500,0001,722,900,0001,494,700,0001,639,400,000
total liabilities428,086,0001,809,300,0001,965,500,0002,287,100,0002,365,000,0002,340,300,0002,857,100,0002,415,400,0001,808,700,0001,707,300,0001,979,300,0002,192,800,0001,863,600,0001,976,700,000
net assets2,895,092,0002,162,000,0002,032,600,0002,456,800,0002,492,400,0002,311,500,0002,456,400,0002,178,500,0002,140,800,0002,076,400,0001,905,400,0001,793,300,0001,438,200,0001,273,600,000
total shareholders funds2,895,092,0002,162,000,0002,032,600,0002,456,800,0002,492,400,0002,311,500,0002,456,400,0002,178,500,0002,140,800,0002,076,400,0001,905,400,0001,793,300,0001,438,200,0001,273,600,000
Jun 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-122,039,00063,400,000-297,300,000325,300,000256,600,000272,700,000233,700,000236,600,000236,200,000300,300,000321,400,000626,500,000220,100,000232,800,000
Depreciation2,195,00055,900,00056,700,00057,300,00057,200,00053,900,00041,300,00041,300,00031,200,00032,200,00031,900,00032,200,00028,800,00029,500,000
Amortisation15,248,000139,100,000141,700,000108,600,000109,300,000130,900,000167,100,000114,700,000120,600,000126,400,000122,800,00036,800,00031,900,00072,600,000
Tax-15,507,000-100,00019,800,000-64,100,000-37,100,00064,500,000-24,300,000-28,100,000-31,900,000-37,100,000-45,800,000-41,100,000-33,700,000-42,000,000
Stock28,500,000-62,900,00048,600,00047,800,000-75,100,00066,900,00073,700,00028,700,0008,000,00013,700,00038,400,0002,600,000236,500,000
Debtors1,163,502,00017,100,000-68,000,000-300,0006,700,000-6,100,00020,900,000-11,600,0006,400,00015,800,000-29,100,000105,100,00079,500,000247,500,000
Creditors1,820,0001,000,000-90,600,00027,000,00040,000,000-309,000,000302,100,00034,600,000-900,0006,600,000-20,800,00053,200,00020,000,00069,200,000
Accruals and Deferred Income9,489,00029,100,000-118,200,00030,600,000-16,000,000292,300,000-207,300,000-215,600,000257,500,000-53,200,00014,900,00053,400,00014,000,000256,700,000
Deferred Taxes & Provisions3,327,000-363,000,000-37,000,00065,800,000-156,200,000-672,600,000319,400,0001,157,800,000-952,200,000277,200,000-737,800,000253,800,000-69,400,0001,489,400,000
Cash flow from operations-1,268,969,000-120,200,000-194,000,000502,200,000199,300,000-86,100,000744,200,0001,279,200,000-374,600,000628,600,000-298,000,000871,300,000129,600,0001,624,200,000
Investing Activities
capital expenditure-35,676,000-97,900,000378,200,000-56,800,000-220,400,000350,400,000-756,800,000-655,800,000-306,200,000-4,900,000-44,000,000-593,500,000-91,200,000-2,837,000,000
Change in Investments2,093,102,000-2,100,000-48,500,00046,400,000-19,200,000-919,900,000925,100,0007,300,000-5,900,00035,500,000-39,700,00027,700,00010,100,0001,900,000
cash flow from investments-2,128,778,000-95,800,000426,700,000-103,200,000-201,200,0001,270,300,000-1,681,900,000-663,100,000-300,300,000-40,400,000-4,300,000-621,200,000-101,300,000-2,838,900,000
Financing Activities
Bank loans600,0002,000,000-200,000-71,000,00071,100,000300,000-58,900,00058,900,000-8,100,0008,100,000
Group/Directors Accounts413,315,000
Other Short Term Loans 75,800,000-189,300,000209,400,000-7,500,000-158,100,000175,400,000-4,000,0004,000,000-2,500,0002,500,000
Long term loans-154,300,000814,100,000-574,100,000-524,200,000-188,700,000-2,600,0001,149,600,000-89,400,000107,500,00054,500,000197,900,000-776,400,0001,758,800,000
Hire Purchase and Lease Commitments135,00024,700,000-8,300,00055,100,000-4,600,00095,500,0001,100,000100,000-2,100,000-600,000-800,0004,200,000-700,0005,400,000
other long term liabilities-4,800,000-70,600,00033,900,00016,600,00023,600,000800,000-316,500,000315,500,000-297,900,000296,600,000-1,300,0007,800,000
share issue3,014,529,00098,200,000-110,000,000-127,800,000126,100,000-319,100,000219,700,000-33,300,000-8,200,00034,300,000-51,600,000218,600,00055,500,0001,164,400,000
interest18,109,000-32,100,000-36,700,000-38,600,000-40,500,000-44,400,000-38,200,000-26,400,000-27,300,000-30,900,000-24,300,000-36,500,000-47,600,000-78,600,000
cash flow from financing3,446,088,0008,100,000401,200,000-442,300,000-505,100,000-520,100,000356,500,000714,600,000243,400,000-183,600,000274,400,000382,900,000-772,000,0002,860,600,000
cash and cash equivalents
cash48,341,00012,200,00023,300,000-26,600,00063,400,000-55,300,00026,500,00041,800,000-10,600,00011,200,00010,300,00042,700,000-11,000,00062,900,000
overdraft-4,000,0004,000,000-3,900,000-123,100,000124,300,000-5,500,0008,200,000
change in cash48,341,00012,200,00023,300,000-26,600,00063,400,000-55,300,00030,500,00037,800,000-6,700,000134,300,000-114,000,00048,200,000-19,200,00062,900,000

meggitt 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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Meggitt Limited Competitor Analysis

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meggitt limited Ownership

MEGGITT LIMITED Shareholders

parker hannifin corporation 100%

meggitt limited directors

Meggitt Limited currently has 4 directors. The longest serving directors include Mr James Elsey (Sep 2022) and Mr Christopher Mason (Sep 2022).

officercountryagestartendrole
Mr James ElseyUnited Kingdom54 years Sep 2022- Director
Mr Christopher MasonEngland54 years Sep 2022- Director
Mrs Jennifer WeirUnited Kingdom55 years Apr 2024- Director
Mr Craig BrackenburyEngland43 years Jun 2024- Director

P&L

June 2023

turnover

0

0%

operating profit

-122m

0%

gross margin

0%

0%

turnover

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

Balance Sheet

June 2023

net assets

2.9b

0%

total assets

3.3b

0%

cash

48.3m

0%

net assets

Total assets minus all liabilities

meggitt limited company details

company number

00432989

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

April 1947

age

78

incorporated

UK

ultimate parent company

PARKER HANNIFIN CORPORATION

accounts

Full Accounts

last accounts submitted

June 2023

previous names

meggitt plc (April 2023)

meggitt holdings public limited company (April 1989)

accountant

-

auditor

DELOITTE LLP

address

pilot way ansty business park, coventry, CV7 9JU

Bank

HSBC BANK PLC

Legal Advisor

-

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

meggitt limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for MEGGITT LIMITED. This can take several minutes, an email will notify you when this has completed.

meggitt limited Companies House Filings - See Documents

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