Medical Wire & Equipment Co.(bath)limited

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medical wire & equipment co.(bath)limited Company Information

Live

MatureMidHealthy

Company Number

00571118

Website

http://mwe.co.uk

Registered Address

potley lane, corsham, wilts, SN13 9RT

Industry

Other manufacturing n.e.c.

Telephone

01225810361

Next Accounts Due

March 2025

Group Structure

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Directors

Andrew Broggio22 Years

David Skaug-Ellis18 Years

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Shareholders

andrew nigel broggio 52.4%

temuka limited 31.5%

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medical wire & equipment co.(bath)limited Estimated Valuation

£45.2m

Pomanda estimates the enterprise value of MEDICAL WIRE & EQUIPMENT CO.(BATH)LIMITED at £45.2m based on Net Assets of £22m and 2.05x industry multiple (adjusted for liquidity).

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Medical Wire & Equipment Co.(bath)limited is a live company located in wilts, SN13 9RT with a Companies House number of 00571118. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in September 1956, it's largest shareholder is andrew nigel broggio with a 52.4% stake. Medical Wire & Equipment Co.(bath)limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Medical Wire & Equipment Co.(Bath)Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £15.1m, make it in line with the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.7%)

EXPORT

Medical Wire & Equipment Co.(Bath)Limited's latest turnover from June 2023 is £15.1 million and the company has net assets of £22 million. According to their latest financial statements, Medical Wire & Equipment Co.(Bath)Limited has 131 employees and maintains cash reserves of £17.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	15,134,037	40,507,224	37,232,328	12,791,921	7,551,544	7,231,458	6,324,702	3,690,645	9,535,264	7,968,876	7,294,198	5,317,645	5,240,894	4,358,812
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,732,714	16,690,736	15,445,084	7,438,293	5,265,136	5,038,509	4,312,251	2,502,369	6,519,153	5,442,402	4,974,380	3,625,789	3,559,352	2,924,096
Gross Profit	6,401,323	23,816,488	21,787,244	5,353,628	2,286,408	2,192,949	2,012,451	1,188,277	3,016,111	2,526,474	2,319,817	1,691,855	1,681,542	1,434,716
Admin Expenses	5,750,258	6,428,839	4,479,212	2,891,321	2,166,258	2,209,589	1,748,878	1,056,877	3,618,549	1,986,490	1,923,131	1,440,256	1,481,742	-30,665
Operating Profit	651,065	17,387,649	17,308,032	2,462,307	120,150	-16,640	263,573	131,400	-602,438	539,984	396,686	251,599	199,800	1,465,381
Interest Payable	2,993	9,604	20,239	27,601	24,430	19,753	16,438	8,352	0	0	0	0	21,826	21,826
Interest Receivable	372,873	44,991	16,115	20,431	1,345	990	412	205	15	90	254	191	422	410
Pre-Tax Profit	1,020,945	17,423,036	17,303,908	2,455,137	97,065	-35,403	247,547	123,254	-602,423	540,073	396,940	251,789	178,396	1,443,965
Tax	-232,618	-3,269,634	-3,189,684	-417,256	-18,442	0	-47,034	-24,651	0	-113,415	-91,296	-60,429	-46,383	-404,310
Profit After Tax	788,327	14,153,402	14,114,224	2,037,881	78,623	-35,403	200,513	98,603	-602,423	426,658	305,644	191,360	132,013	1,039,655
Dividends Paid	4,326,528	3,957,938	1,531,388	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,538,201	10,195,464	12,582,836	2,037,881	78,623	-35,403	200,513	98,603	-602,423	426,658	305,644	191,360	132,013	1,039,655
Employee Costs	4,569,287	5,574,826	4,075,312	3,875,955	3,217,059	3,149,650	2,861,449	898,737	2,158,042	1,808,208	1,712,164	1,256,336	1,251,972	1,083,406
Number Of Employees	131	182	141	107	90	90	85	27	66	57	55	40	41	37
EBITDA*	1,536,489	18,510,071	18,070,403	2,720,391	292,362	161,704	391,052	341,699	-495,021	680,092	483,561	299,899	287,885	1,526,740

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	4,354,342	4,752,923	5,197,856	1,370,640	818,395	540,021	611,611	360,987	516,728	515,788	450,186	242,000	248,155	187,837
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	743,454	709,176	671,710	654,794	637,124
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,354,342	4,752,923	5,197,856	1,370,640	818,395	540,021	611,611	360,987	516,728	1,259,242	1,159,362	913,710	902,949	824,961
Stock & work in progress	1,429,243	2,388,397	2,214,769	715,476	414,911	487,246	274,142	223,964	195,000	195,000	246,000	79,300	80,090	81,297
Trade Debtors	1,081,189	2,635,761	4,942,967	2,169,856	1,239,316	1,143,398	1,081,868	849,666	2,532,160	2,168,586	1,777,222	1,364,205	1,348,691	1,023,114
Group Debtors	1,188,840	1,606,386	256,232	365,169	572,000	954,337	993,337	1,059,950	0	0	0	0	0	0
Misc Debtors	848,777	1,312,412	729,721	221,200	989,019	870,558	659,589	655,808	0	0	0	163,163	82,870	0
Cash	17,546,146	19,418,188	9,095,920	1,843,246	210,199	148,447	247,485	81,781	173	5,631	30,253	71,271	4,982	164,004
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	22,094,195	27,361,144	17,239,609	5,314,947	3,425,445	3,603,986	3,256,421	2,871,169	2,727,333	2,369,217	2,053,475	1,677,939	1,516,633	1,268,415
total assets	26,448,537	32,114,067	22,437,465	6,685,587	4,243,840	4,144,007	3,868,032	3,232,156	3,244,061	3,628,459	3,212,837	2,591,649	2,419,582	2,093,376
Bank overdraft	0	0	0	25,777	372,018	292,549	237,670	207,930	0	0	0	0	0	0
Bank loan	10,526	14,785	15,486	0	13,091	32,993	0	0	0	0	0	0	0	671,575
Trade Creditors	1,122,233	2,137,122	3,001,594	2,387,451	992,115	1,022,501	805,725	573,394	1,283,926	1,041,842	1,170,125	874,363	887,899	0
Group/Directors Accounts	178,480	89,076	7,493	77,604	40,025	32,277	40,848	39,812	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	28,437	99,368	132,458	60,508	56,587	67,493	86,092	57,247	0	0	0	0	0	0
other current liabilities	2,482,361	3,604,381	3,197,160	1,003,730	497,762	525,304	407,123	360,953	0	0	0	0	0	0
total current liabilities	3,822,037	5,944,732	6,354,191	3,555,070	1,971,598	1,973,117	1,577,458	1,239,336	1,283,926	1,041,842	1,170,125	874,363	887,899	671,575
loans	0	0	0	0	0	13,196	31,374	49,043	0	0	0	0	0	0
hp & lease commitments	0	28,588	141,939	115,938	123,999	121,542	187,645	94,594	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	0	0	0	0	0	202,842	232,378	126,732	125,991	159,115	181,246
provisions	586,176	562,222	558,274	214,354	107,605	74,137	74,137	53,278	63,386	58,009	46,408	27,367	0	0
total long term liabilities	586,176	590,810	700,213	330,292	231,604	208,875	293,156	196,915	266,228	290,387	173,140	153,358	159,115	181,246
total liabilities	4,408,213	6,535,542	7,054,404	3,885,362	2,203,202	2,181,992	1,870,614	1,436,251	1,550,154	1,332,229	1,343,265	1,027,721	1,047,014	852,821
net assets	22,040,324	25,578,525	15,383,061	2,800,225	2,040,638	1,962,015	1,997,418	1,795,905	1,693,907	2,296,230	1,869,572	1,563,928	1,372,568	1,240,555
total shareholders funds	22,040,324	25,578,525	15,383,061	2,800,225	2,040,638	1,962,015	1,997,418	1,795,905	1,693,907	2,296,230	1,869,572	1,563,928	1,372,568	1,240,555

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	651,065	17,387,649	17,308,032	2,462,307	120,150	-16,640	263,573	131,400	-602,438	539,984	396,686	251,599	199,800	1,465,381
Depreciation	885,424	1,122,422	762,371	258,084	172,212	178,344	127,479	210,299	107,417	140,108	86,875	48,300	88,085	61,359
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-232,618	-3,269,634	-3,189,684	-417,256	-18,442	0	-47,034	-24,651	0	-113,415	-91,296	-60,429	-46,383	-404,310
Stock	-959,154	173,628	1,499,293	300,565	-72,335	213,104	50,178	28,964	0	-51,000	166,700	-790	-1,207	81,297
Debtors	-2,435,753	-374,361	3,172,695	-44,110	-167,958	233,499	169,370	33,264	363,574	391,364	249,854	95,807	408,447	1,023,114
Creditors	-1,014,889	-864,472	614,143	1,395,336	-30,386	216,776	232,331	-710,532	242,084	-128,283	295,762	-13,536	887,899	0
Accruals and Deferred Income	-1,122,020	407,221	2,193,430	505,968	-27,542	118,181	46,170	360,953	0	0	0	0	0	0
Deferred Taxes & Provisions	23,954	3,948	343,920	106,749	33,468	0	20,859	-10,108	5,377	11,601	19,041	27,367	0	0
Cash flow from operations	2,585,823	14,987,867	13,360,224	4,054,733	489,753	50,058	423,830	-104,867	-611,134	109,631	290,514	158,284	722,161	18,019
Investing Activities
capital expenditure	0	0	0	-810,329	-450,586	-106,754	-378,103	-54,558	-108,357	-205,710	-295,061	-42,145	-148,403	-249,196
Change in Investments	0	0	0	0	0	0	0	0	-743,454	34,278	37,466	16,916	17,670	637,124
cash flow from investments	0	0	0	-810,329	-450,586	-106,754	-378,103	-54,558	635,097	-239,988	-332,527	-59,061	-166,073	-886,320
Financing Activities
Bank loans	-4,259	-701	15,486	-13,091	-19,902	32,993	0	0	0	0	0	0	-671,575	671,575
Group/Directors Accounts	89,404	81,583	-70,111	37,579	7,748	-8,571	1,036	39,812	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	-13,196	-18,178	-17,669	49,043	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-99,519	-146,441	97,951	-4,140	-8,449	-84,702	121,896	151,841	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-202,842	-29,536	105,646	741	-33,124	-22,131	181,246
share issue	0	0	0	-1,278,294	0	0	1,000	3,395	100	0	0	0	0	200,900
interest	369,880	35,387	-4,124	-7,170	-23,085	-18,763	-16,026	-8,147	15	90	254	191	-21,404	-21,416
cash flow from financing	355,506	-30,172	39,202	-1,265,116	-56,884	-97,221	90,237	33,102	-29,421	105,736	995	-32,933	-715,110	1,032,305
cash and cash equivalents
cash	-1,872,042	10,322,268	7,252,674	1,633,047	61,752	-99,038	165,704	81,608	-5,458	-24,622	-41,018	66,289	-159,022	164,004
overdraft	0	0	-25,777	-346,241	79,469	54,879	29,740	207,930	0	0	0	0	0	0
change in cash	-1,872,042	10,322,268	7,278,451	1,979,288	-17,717	-153,917	135,964	-126,322	-5,458	-24,622	-41,018	66,289	-159,022	164,004

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEDICAL WIRE & EQUIPMENT CO.(BATH)LIMITED group structure

Medical Wire & Equipment Co.(Bath)Limited has no subsidiary companies.

Ultimate parent company

TEMUKA LIMITED

01362374

1 parent

MEDICAL WIRE & EQUIPMENT CO.(BATH)LIMITED

00571118

MEDICAL WIRE & EQUIPMENT CO.(BATH)LIMITED Shareholders

andrew nigel broggio	52.35%
temuka limited	31.53%
louise mary richards	6.52%
david william skaug-ellis	6.52%
hannah joanne broggio	2.72%
nicola kempton	0.35%

Medical Wire & Equipment Co.(Bath)Limited currently has 3 directors. The longest serving directors include Mr Andrew Broggio (Aug 2001) and Mr David Skaug-Ellis (Mar 2006).

officer	country	age	start	end	role
Mr Andrew Broggio	United Kingdom	53 years	Aug 2001	-	Director
Mr David Skaug-Ellis		60 years	Mar 2006	-	Director
Mrs Hannah Broggio	United Kingdom	50 years	Aug 2006	-	Director

P&L

June 2023

turnover

15.1m

-63%

operating profit

651.1k

-96%

gross margin

42.3%

-28.06%

turnover

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

Balance Sheet

June 2023

net assets

22m

-0.14%

total assets

26.4m

-0.18%

cash

17.5m

-0.1%

net assets

Total assets minus all liabilities

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company number

00571118

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

September 1956

age

accounts

Full Accounts

ultimate parent company

TEMUKA LIMITED

previous names

N/A

incorporated

address

potley lane, corsham, wilts, SN13 9RT

last accounts submitted

June 2023

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 9 charges/mortgages relating to medical wire & equipment co.(bath)limited. Currently there are 2 open charges and 7 have been satisfied in the past.

medical wire & equipment co.(bath)limited Company Information

medical wire & equipment co.(bath)limited Estimated Valuation

medical wire & equipment co.(bath)limited Estimated Valuation

medical wire & equipment co.(bath)limited Estimated Valuation

Medical Wire & Equipment Co.(bath)limited Overview

Medical Wire & Equipment Co.(bath)limited Health Check

MEDICAL WIRE & EQUIPMENT CO.(BATH)LIMITED financials

medical wire & equipment co.(bath)limited Credit Report and Business Information

Medical Wire & Equipment Co.(bath)limited Competitor Analysis

medical wire & equipment co.(bath)limited Ownership

medical wire & equipment co.(bath)limited directors

medical wire & equipment co.(bath)limited company details

medical wire & equipment co.(bath)limited Charges & Mortgages

medical wire & equipment co.(bath)limited Companies House Filings - See Documents