Moog Reading Limited

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moog reading limited Company Information

Company Number

00586505

Next Accounts

Jun 2025

Directors

Miranda Layne

Joseph Dascano

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Shareholders

moog controls ltd

Group Structure

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Industry

Manufacture of other electronic and electric wires and cables

Registered Address

30 suttons park avenue, suttons business park, reading, berkshire, RG6 1AW

Website

www.moog.com

moog reading limited Estimated Valuation

£21.4m

Pomanda estimates the enterprise value of MOOG READING LIMITED at £21.4m based on Net Assets of £10.9m and 1.97x industry multiple (adjusted for liquidity).

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Moog Reading Limited is a live company located in reading, RG6 1AW with a Companies House number of 00586505. It operates in the manufacture of other electronic and electric wires and cables sector, SIC Code 27320. Founded in July 1957, it's largest shareholder is moog controls ltd with a 100% stake. Moog Reading Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Moog Reading Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £20.4m, make it in line with the average company (£17.6m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.1%)

EXPORT

Moog Reading Limited's latest turnover from September 2023 is £20.4 million and the company has net assets of £10.9 million. According to their latest financial statements, Moog Reading Limited has 127 employees and maintains cash reserves of £167.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Oct 2022	Oct 2021	Oct 2020	Sep 2019	Sep 2018	Sep 2017	Oct 2016	Oct 2015	Sep 2014	Sep 2013	Sep 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	20,441,482	18,376,851	20,906,820	22,198,153	21,779,851	21,872,494	18,058,674	13,438,466	11,825,932	12,157,225	14,016,115	15,538,685	17,447,787	17,357,403	10,653,080
Other Income Or Grants
Cost Of Sales	18,751,981	15,696,395	16,966,744	20,926,145	16,487,514	16,467,374	13,553,771	10,633,422	9,670,117	10,607,596	12,532,464	12,893,656	13,377,187	13,388,282	8,858,551
Gross Profit	1,689,501	2,680,456	3,940,076	1,272,008	5,292,337	5,405,120	4,504,903	2,805,044	2,155,815	1,549,629	1,483,651	2,645,029	4,070,600	3,969,121	1,794,529
Admin Expenses	3,626,569	4,562,123	2,796,393	2,187,378	2,966,050	2,295,200	2,268,833	2,036,855	1,639,565	1,219,995	1,349,239	1,464,506	1,218,397	1,125,313	1,019,635
Operating Profit	-1,937,068	-1,881,667	1,143,683	-915,370	2,326,287	3,109,920	2,236,070	768,189	516,250	329,634	134,412	1,180,523	2,852,203	2,843,808	774,894
Interest Payable	306,397	813,217	780,338	805,380	655,741	633,910	601,086	562,649	563,151	568,138	323,330	64,653	374		761
Interest Receivable		5,000,000	4,402	152	7			4,177	312	685	805	420	811	634	15,329
Pre-Tax Profit	-2,243,465	-5,518,967	367,747	-1,720,598	1,670,553	2,476,010	1,634,984	209,717	-46,589	-237,819	-188,113	1,116,290	2,852,640	2,844,442	789,462
Tax	-903	43,992	-128,350	436,209	-327,576	-480,186	-331,086	-66,335	5,243	44,789	26,530	-273,410	-763,423	-803,261	-215,691
Profit After Tax	-2,244,368	-5,474,975	239,397	-1,284,389	1,342,977	1,995,824	1,303,898	143,382	-41,346	-193,030	-161,583	842,880	2,089,217	2,041,181	573,771
Dividends Paid
Retained Profit	-2,244,368	-5,474,975	239,397	-1,284,389	1,342,977	1,995,824	1,303,898	143,382	-41,346	-193,030	-161,583	842,880	2,089,217	2,041,181	573,771
Employee Costs	6,428,969	5,570,028	6,294,741	6,459,803	6,124,832	5,735,757	5,213,582	4,184,616	3,432,464	3,335,238	3,423,376	3,305,838	2,794,504	2,518,729	2,422,844
Number Of Employees	127	117	123	120	114	111	99	96	94	92	100	97	84	84	81
EBITDA*	-1,056,516	-902,600	1,896,729	-179,340	2,761,794	3,416,599	2,534,425	1,044,867	788,895	601,823	426,427	1,352,515	2,981,564	3,006,350	915,417

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Oct 2022	Oct 2021	Oct 2020	Sep 2019	Sep 2018	Sep 2017	Oct 2016	Oct 2015	Sep 2014	Sep 2013	Sep 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	1,672,779	4,432,166	5,194,000	5,539,836	1,926,116	1,394,885	1,177,110	1,211,467	1,203,685	1,280,475	1,465,314	1,656,470	624,892	689,504	567,190
Intangible Assets	2,371,470
Investments & Other			22,051,382	22,051,382	22,051,382	22,051,382	22,051,382	22,051,382	22,051,382	22,051,382	22,051,382	22,007,618
Debtors (Due After 1 year)
Total Fixed Assets	4,044,249	4,432,166	27,245,382	27,591,218	23,977,498	23,446,267	23,228,492	23,262,849	23,255,067	23,331,857	23,516,696	23,664,088	624,892	689,504	567,190
Stock & work in progress	5,340,339	4,345,667	3,774,725	4,312,154	6,822,942	4,991,275	4,262,221	3,473,191	2,537,486	2,190,646	2,575,954	3,235,902	2,795,425	2,061,238	1,810,433
Trade Debtors	10,669,318	9,935,442	8,807,694	6,753,456	7,175,978	5,065,988	4,202,123	2,311,708	1,714,813	1,790,140	1,848,949	1,716,168	1,968,547	1,718,317	1,181,824
Group Debtors	60,242	10,907,949	119,636	86,968	143,942	359,340	26,479	49,988	252,765	703,675	1,562,418	4,791,001	5,595,772	4,382,763	2,173,605
Misc Debtors	2,300,270	3,159,725	1,036,829	682,799	555,840	602,547	315,367	271,769	343,565	348,329	323,462	189,720	263,257	150,907	114,840
Cash	167,465	584,142	313,473	451,010	332,404	419,834	344,700	438,654	1,441,636	1,079,738	537,209	609,671	528,044	726,461	610,402
misc current assets				159,085
total current assets	18,537,634	28,932,925	14,052,357	12,445,472	15,031,106	11,438,984	9,150,890	6,545,310	6,290,265	6,112,528	6,847,992	10,542,462	11,151,045	9,039,686	5,891,104
total assets	22,581,883	33,365,091	41,297,739	40,036,690	39,008,604	34,885,251	32,379,382	29,808,159	29,545,332	29,444,385	30,364,688	34,206,550	11,775,937	9,729,190	6,458,294
Bank overdraft
Bank loan
Trade Creditors	1,226,064	4,492,268	6,653,244	4,959,703	1,703,263	1,350,488	1,004,315	1,086,531	622,660	960,701	758,369	1,375,995	1,344,689	1,150,216	1,209,663
Group/Directors Accounts	4,042,110	11,000,000			3,651,000	1,367,479	1,606,695	170,862	1,048,264	196,895	373,317	222,658	230,362	260,597	90,975
other short term finances
hp & lease commitments	455,393	428,271	411,165	375,800
other current liabilities	1,799,024	559,715	243,602	128,469	1,623,318	1,505,893	1,244,485	1,066,904	626,964	773,671	1,616,064	2,308,070	1,888,460	2,054,660	1,248,254
total current liabilities	7,522,591	16,480,254	7,308,011	5,463,972	6,977,581	4,223,860	3,855,495	2,324,297	2,297,888	1,931,267	2,747,750	3,906,723	3,463,511	3,465,473	2,548,892
loans			11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	14,000,000
hp & lease commitments	2,303,472	2,701,545	3,115,190	3,477,608
Accruals and Deferred Income
other liabilities
provisions	1,888,143	1,071,247	1,287,518	1,747,487	771,368	744,713	603,033	866,906	773,870	998,198	908,988	430,294	485,773	526,281	213,148
total long term liabilities	4,191,615	3,772,792	15,402,708	16,225,095	11,771,368	11,744,713	11,603,033	11,866,906	11,773,870	11,998,198	11,908,988	14,430,294	485,773	526,281	213,148
total liabilities	11,714,206	20,253,046	22,710,719	21,689,067	18,748,949	15,968,573	15,458,528	14,191,203	14,071,758	13,929,465	14,656,738	18,337,017	3,949,284	3,991,754	2,762,040
net assets	10,867,677	13,112,045	18,587,020	18,347,623	20,259,655	18,916,678	16,920,854	15,616,956	15,473,574	15,514,920	15,707,950	15,869,533	7,826,653	5,737,436	3,696,254
total shareholders funds	10,867,677	13,112,045	18,587,020	18,347,623	20,259,655	18,916,678	16,920,854	15,616,956	15,473,574	15,514,920	15,707,950	15,869,533	7,826,653	5,737,436	3,696,254

	Sep 2023	Oct 2022	Oct 2021	Oct 2020	Sep 2019	Sep 2018	Sep 2017	Oct 2016	Oct 2015	Sep 2014	Sep 2013	Sep 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-1,937,068	-1,881,667	1,143,683	-915,370	2,326,287	3,109,920	2,236,070	768,189	516,250	329,634	134,412	1,180,523	2,852,203	2,843,808	774,894
Depreciation	880,552	979,067	753,046	736,030	435,507	306,679	298,355	276,678	272,645	272,189	292,015	171,992	129,361	162,542	140,523
Amortisation
Tax	-903	43,992	-128,350	436,209	-327,576	-480,186	-331,086	-66,335	5,243	44,789	26,530	-273,410	-763,423	-803,261	-215,691
Stock	994,672	570,942	-537,429	-2,510,788	1,831,667	729,054	789,030	935,705	346,840	-385,308	-659,948	440,477	734,187	250,805	1,810,433
Debtors	-10,973,286	14,038,957	2,440,936	-352,537	1,847,885	1,483,906	1,910,504	322,322	-531,001	-892,685	-2,962,060	-1,130,687	1,575,589	2,781,718	3,470,269
Creditors	-3,266,204	-2,160,976	1,693,541	3,256,440	352,775	346,173	-82,216	463,871	-338,041	202,332	-617,626	31,306	194,473	-59,447	1,209,663
Accruals and Deferred Income	1,239,309	316,113	115,133	-1,494,849	117,425	261,408	177,581	439,940	-146,707	-842,393	-692,006	419,610	-166,200	806,406	1,248,254
Deferred Taxes & Provisions	816,896	-216,271	-459,969	976,119	26,655	141,680	-263,873	93,036	-224,328	89,210	478,694	-55,479	-40,508	313,133	213,148
Cash flow from operations	7,711,196	-17,529,641	1,213,577	5,857,904	-748,479	1,472,714	-664,703	717,352	269,223	1,373,754	3,244,027	2,164,752	-103,870	230,658	-1,909,911
Investing Activities
capital expenditure	-492,635	-217,233	-407,210	-4,349,750	-966,738	-524,454	-263,998	-284,460	-195,855	-87,350	-100,859	-1,203,570	-64,749	-284,856	-707,713
Change in Investments		-22,051,382									43,764	22,007,618
cash flow from investments	-492,635	21,834,149	-407,210	-4,349,750	-966,738	-524,454	-263,998	-284,460	-195,855	-87,350	-144,623	-23,211,188	-64,749	-284,856	-707,713
Financing Activities
Bank loans
Group/Directors Accounts	-6,957,890	11,000,000		-3,651,000	2,283,521	-239,216	1,435,833	-877,402	851,369	-176,422	150,659	-7,704	-30,235	169,622	90,975
Other Short Term Loans
Long term loans		-11,000,000									-3,000,000	14,000,000
Hire Purchase and Lease Commitments	-370,951	-396,539	-327,053	3,853,408
other long term liabilities
share issue				-627,643								7,200,000		1	3,122,483
interest	-306,397	4,186,783	-775,936	-805,228	-655,734	-633,910	-601,086	-558,472	-562,839	-567,453	-322,525	-64,233	437	634	14,568
cash flow from financing	-7,635,238	3,790,244	-1,102,989	-1,230,463	1,627,787	-873,126	834,747	-1,435,874	288,530	-743,875	-3,171,866	21,128,063	-29,798	170,257	3,228,026
cash and cash equivalents
cash	-416,677	270,669	-137,537	118,606	-87,430	75,134	-93,954	-1,002,982	361,898	542,529	-72,462	81,627	-198,417	116,059	610,402
overdraft
change in cash	-416,677	270,669	-137,537	118,606	-87,430	75,134	-93,954	-1,002,982	361,898	542,529	-72,462	81,627	-198,417	116,059	610,402

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MOOG READING LIMITED group structure

Moog Reading Limited has no subsidiary companies.

Ultimate parent company

MOOG INC

#0000354

MOOG CONTROLS LIMITED

01171948

2 parents

MOOG READING LIMITED

00586505

MOOG READING LIMITED Shareholders

moog controls ltd

100%

Moog Reading Limited currently has 3 directors. The longest serving directors include Mrs Miranda Layne (Oct 2019) and Mr Joseph Dascano (Nov 2024).

officer	country	age	start	end	role
Mrs Miranda Layne	United States	64 years	Oct 2019	-	Director
Mr Joseph Dascano	United States	43 years	Nov 2024	-	Director
Mr Robert Woodman		49 years	Nov 2024	-	Director

P&L

September 2023

turnover

20.4m

+11%

operating profit

-1.9m

+3%

gross margin

8.3%

-43.34%

turnover

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

Balance Sheet

September 2023

net assets

10.9m

-0.17%

total assets

22.6m

-0.32%

cash

167.5k

-0.71%

net assets

Total assets minus all liabilities

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company number

00586505

Type

Private limited with Share Capital

industry

27320 - Manufacture of other electronic and electric wires and cables

incorporation date

July 1957

ultimate parent company

MOOG INC

previous names

moog components group limited (October 2017)

i.d.m. electronics limited (March 2006)

address

30 suttons park avenue, suttons business park, reading, berkshire, RG6 1AW

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 moog reading limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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moog reading limited Company Information

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moog reading limited Estimated Valuation

moog reading limited Estimated Valuation

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