johnson matthey davy technologies limited

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johnson matthey davy technologies limited Company Information

Share JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED
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Company Number

00635311

Registered Address

5th floor 25 farringdon street, london, EC4A 4AB

Industry

Engineering design activities for industrial process and production

 

Telephone

02079574120

Next Accounts Due

December 2024

Group Structure

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Directors

Mark Danks5 Years

David Heginbottom1 Years

View All

Shareholders

johnson matthey plc 100%

johnson matthey davy technologies limited Estimated Valuation

£97.2m

Pomanda estimates the enterprise value of JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED at £97.2m based on a Turnover of £74.7m and 1.3x industry multiple (adjusted for size and gross margin).

johnson matthey davy technologies limited Estimated Valuation

£271.8m

Pomanda estimates the enterprise value of JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED at £271.8m based on an EBITDA of £22.9m and a 11.85x industry multiple (adjusted for size and gross margin).

johnson matthey davy technologies limited Estimated Valuation

£71.5m

Pomanda estimates the enterprise value of JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED at £71.5m based on Net Assets of £38.6m and 1.85x industry multiple (adjusted for liquidity).

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Johnson Matthey Davy Technologies Limited Overview

Johnson Matthey Davy Technologies Limited is a live company located in london, EC4A 4AB with a Companies House number of 00635311. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in August 1959, it's largest shareholder is johnson matthey plc with a 100% stake. Johnson Matthey Davy Technologies Limited is a mature, large sized company, Pomanda has estimated its turnover at £74.7m with healthy growth in recent years.

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Johnson Matthey Davy Technologies Limited Health Check

Pomanda's financial health check has awarded Johnson Matthey Davy Technologies Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £74.7m, make it larger than the average company (£1.1m)

£74.7m - Johnson Matthey Davy Technologies Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.8%)

7% - Johnson Matthey Davy Technologies Limited

4.8% - Industry AVG

production

Production

with a gross margin of 49.1%, this company has a lower cost of product (31.3%)

49.1% - Johnson Matthey Davy Technologies Limited

31.3% - Industry AVG

profitability

Profitability

an operating margin of 28.7% make it more profitable than the average company (6.3%)

28.7% - Johnson Matthey Davy Technologies Limited

6.3% - Industry AVG

employees

Employees

with 164 employees, this is above the industry average (20)

164 - Johnson Matthey Davy Technologies Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £88.5k, the company has a higher pay structure (£55.3k)

£88.5k - Johnson Matthey Davy Technologies Limited

£55.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £455.6k, this is more efficient (£103.2k)

£455.6k - Johnson Matthey Davy Technologies Limited

£103.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 60 days, this is earlier than average (78 days)

60 days - Johnson Matthey Davy Technologies Limited

78 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (50 days)

2 days - Johnson Matthey Davy Technologies Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 30 days, this is in line with average (35 days)

30 days - Johnson Matthey Davy Technologies Limited

35 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)

0 weeks - Johnson Matthey Davy Technologies Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66%, this is a higher level of debt than the average (52%)

66% - Johnson Matthey Davy Technologies Limited

52% - Industry AVG

JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Johnson Matthey Davy Technologies Limited's latest turnover from March 2023 is £74.7 million and the company has net assets of £38.6 million. According to their latest financial statements, Johnson Matthey Davy Technologies Limited has 164 employees and maintains cash reserves of £596 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover74,724,00039,179,00050,195,00061,454,00045,296,00047,767,00044,464,00055,778,00077,835,00083,792,000101,699,00095,301,00066,342,00043,954,000
Other Income Or Grants00000000000000
Cost Of Sales38,074,00027,375,00028,150,00032,783,00030,042,00033,220,00024,658,00027,181,00038,135,00037,955,00042,487,00045,130,00033,986,00023,232,000
Gross Profit36,650,00011,804,00022,045,00028,671,00015,254,00014,547,00019,806,00028,597,00039,700,00045,837,00059,212,00050,171,00032,356,00020,722,000
Admin Expenses15,232,000-33,134,0009,595,0006,449,00015,109,00018,398,00017,185,00020,575,00018,254,00017,824,00016,018,00017,479,00013,690,00012,411,000
Operating Profit21,418,00044,938,00012,450,00022,222,000145,000-3,851,0002,621,0008,022,00021,446,00028,013,00043,194,00032,692,00018,666,0008,311,000
Interest Payable10,00025,000366,00094,000123,000159,000127,000125,00034,00063,00070,00078,00070,000127,000
Interest Receivable1,421,000331,0000131,0001,433,00049,00034,000159,000287,000348,000458,000462,000306,000254,000
Pre-Tax Profit22,829,00045,244,00012,084,00022,259,0001,455,000-3,869,0002,798,0008,091,00021,814,00028,298,00043,957,00033,227,00019,723,0008,438,000
Tax-4,653,000-7,757,000-2,177,000-2,622,000-1,438,0002,190,000-1,502,000-1,382,000-3,994,000-4,105,000-5,163,000-3,094,000-4,844,000-2,264,000
Profit After Tax18,176,00037,487,0009,907,00019,637,00017,000-1,679,0001,296,0006,709,00017,820,00024,193,00038,794,00030,133,00014,879,0006,174,000
Dividends Paid000001,296,0006,619,00018,024,00024,193,00038,794,00030,133,00014,879,00037,452,0000
Retained Profit18,176,00037,487,0009,907,00019,637,00017,000-2,975,000-5,323,000-11,315,000-6,373,000-14,601,0008,661,00015,254,000-22,573,0006,174,000
Employee Costs14,514,00013,217,00013,159,00013,993,00014,223,00015,974,00017,441,00021,858,00020,583,00019,565,00018,711,00017,043,00015,675,00014,389,000
Number Of Employees164133165169164192227273288252237217208202
EBITDA*22,934,00046,417,00013,950,00023,365,0002,832,0001,220,0005,730,00010,987,00023,976,00030,703,00045,806,00035,200,00020,972,00010,673,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets8,200,00010,587,00010,575,00012,367,0008,420,00012,300,00016,777,00018,533,00013,607,00011,766,00011,726,00011,677,00011,132,00011,233,000
Intangible Assets1,717,00057,00015,0007,00094,0001,212,0001,991,0002,785,0003,547,0003,577,0004,285,0005,001,0005,730,0006,459,000
Investments & Other01,191,0001,191,0001,191,00004,221,0004,622,0004,622,0004,622,0004,622,0004,622,0004,622,0004,622,0004,622,000
Debtors (Due After 1 year)751,0001,127,0002,034,000938,000529,000000000000
Total Fixed Assets9,166,0009,517,0009,896,00011,436,0008,514,00013,512,00018,768,00021,318,00021,776,00019,965,00020,633,00021,300,00021,484,00022,314,000
Stock & work in progress3,173,00003,426,0001,048,00091,00087,000201,000200,0002,026,000158,000152,00032,000277,0001,043,000
Trade Debtors12,375,00019,421,00016,272,00022,105,00018,668,00019,300,00016,222,0002,375,00012,559,00016,808,00022,834,00013,175,00014,081,0008,626,000
Group Debtors78,863,000103,297,00055,752,00047,474,00016,556,0005,511,00018,605,00045,749,00059,215,00088,485,000104,415,000104,651,00058,507,00070,429,000
Misc Debtors9,255,0008,266,0001,376,0002,744,0002,425,0003,549,0003,629,0004,455,0004,843,0003,750,0006,792,0008,491,0002,922,0002,188,000
Cash596,00023,00017,0000909,000000298,000391,00012,000526,000172,000282,000
misc current assets000005,312,0001,133,000108,000000000
total current assets104,262,000131,007,00076,843,00073,371,00038,649,00033,759,00039,790,00052,887,00078,941,000109,592,000134,205,000126,875,00075,959,00082,568,000
total assets113,428,000140,524,00086,739,00084,807,00047,163,00047,271,00058,558,00074,205,000100,717,000129,557,000154,838,000148,175,00097,443,000104,882,000
Bank overdraft000276,0000544,0002,706,0003,346,00000607,00085,00011,0000
Bank loan00000000000000
Trade Creditors 288,0001,294,00026,524,00026,449,00021,017,0001,895,0001,579,000880,000571,0001,610,0001,304,0001,103,000757,000343,000
Group/Directors Accounts000000003,399,0002,381,0005,860,0001,509,0001,192,0001,324,000
other short term finances000001,779,0002,007,0001,779,0001,692,0001,500,0001,648,0001,252,000936,000659,000
hp & lease commitments0622,000606,000601,0000000000000
other current liabilities67,688,00055,704,00013,396,00020,116,00010,859,00025,972,00032,610,00040,313,00055,308,00075,734,00082,001,00084,947,00051,472,00040,938,000
total current liabilities67,976,00057,620,00040,526,00047,442,00031,876,00030,190,00038,902,00046,318,00060,970,00081,225,00091,420,00088,896,00054,368,00043,264,000
loans001,244,0002,456,0000000000313,000624,000989,000
hp & lease commitments00622,0001,228,0000000000000
Accruals and Deferred Income432,000466,000500,000542,000450,000506,000583,000726,000867,0001,009,0001,151,0001,426,0001,701,0000
other liabilities00000000000000
provisions12,922,00014,106,00014,286,00015,404,00012,966,00012,414,00011,514,00017,978,0009,381,00011,130,00011,473,00015,407,00013,871,0009,325,000
total long term liabilities6,893,0007,519,0008,265,0009,472,0006,933,0006,713,0006,340,0009,715,00010,248,00012,139,00012,624,00017,146,00016,196,00010,314,000
total liabilities74,869,00065,139,00048,791,00056,914,00038,809,00036,903,00045,242,00056,033,00071,218,00093,364,000104,044,000106,042,00070,564,00053,578,000
net assets38,559,00075,385,00037,948,00027,893,0008,354,00010,368,00013,316,00018,172,00029,499,00036,193,00050,794,00042,133,00026,879,00051,304,000
total shareholders funds38,559,00075,385,00037,948,00027,893,0008,354,00010,368,00013,316,00018,172,00029,499,00036,193,00050,794,00042,133,00026,879,00051,304,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit21,418,00044,938,00012,450,00022,222,000145,000-3,851,0002,621,0008,022,00021,446,00028,013,00043,194,00032,692,00018,666,0008,311,000
Depreciation1,516,0001,475,0001,496,0001,046,0001,569,0004,278,0002,280,0002,116,0001,812,0001,982,0001,896,0001,779,0001,577,0001,647,000
Amortisation04,0004,00097,0001,118,000793,000829,000849,000718,000708,000716,000729,000729,000715,000
Tax-4,653,000-7,757,000-2,177,000-2,622,000-1,438,0002,190,000-1,502,000-1,382,000-3,994,000-4,105,000-5,163,000-3,094,000-4,844,000-2,264,000
Stock3,173,000-3,426,0002,378,000957,0004,000-114,0001,000-1,826,0001,868,0006,000120,000-245,000-766,0001,043,000
Debtors-30,867,00056,677,0002,173,00035,083,0009,818,000-10,096,000-14,123,000-24,038,000-32,426,000-24,998,0007,724,00050,807,000-5,733,00081,243,000
Creditors-1,006,000-25,230,00075,0005,432,00019,122,000316,000699,000309,000-1,039,000306,000201,000346,000414,000343,000
Accruals and Deferred Income11,950,00042,274,000-6,762,0009,349,000-15,169,000-6,715,000-7,846,000-15,136,000-20,568,000-6,409,000-3,221,00033,200,00012,235,00040,938,000
Deferred Taxes & Provisions-1,184,000-180,000-1,118,0002,438,000552,000900,000-6,464,0008,597,000-1,749,000-343,000-3,934,0001,536,0004,546,0009,325,000
Cash flow from operations55,735,0002,273,000-583,0001,922,000-3,923,0008,121,0004,739,00029,239,00027,184,00045,144,00025,845,00016,626,00039,822,000-23,271,000
Investing Activities
capital expenditure-789,000-1,533,000284,000-5,003,0002,311,000185,000-559,000-7,129,000-4,341,000-2,022,000-1,945,000-2,324,000-1,476,000-20,054,000
Change in Investments-1,191,000001,191,000-4,221,000-401,00000000004,622,000
cash flow from investments402,000-1,533,000284,000-6,194,0006,532,000586,000-559,000-7,129,000-4,341,000-2,022,000-1,945,000-2,324,000-1,476,000-24,676,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000000-3,399,0001,018,000-3,479,0004,351,000317,000-132,0001,324,000
Other Short Term Loans 0000-1,779,000-228,000228,00087,000192,000-148,000396,000316,000277,000659,000
Long term loans0-1,244,000-1,212,0002,456,000000000-313,000-311,000-365,000989,000
Hire Purchase and Lease Commitments-622,000-606,000-601,0001,829,0000000000000
other long term liabilities00000000000000
share issue-55,002,000-50,000148,000-98,000-2,031,00027,000467,000-12,000-321,000000-1,852,00045,130,000
interest1,411,000306,000-366,00037,0001,310,000-110,000-93,00034,000253,000285,000388,000384,000236,000127,000
cash flow from financing-54,213,000-1,594,000-2,031,0004,224,000-2,500,000-311,000602,000-3,290,0001,142,000-3,342,0004,822,000706,000-1,836,00048,229,000
cash and cash equivalents
cash573,0006,00017,000-909,000909,00000-298,000-93,000379,000-514,000354,000-110,000282,000
overdraft00-276,000276,000-544,000-2,162,000-640,0003,346,0000-607,000522,00074,00011,0000
change in cash573,0006,000293,000-1,185,0001,453,0002,162,000640,000-3,644,000-93,000986,000-1,036,000280,000-121,000282,000

johnson matthey davy technologies limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Johnson Matthey Davy Technologies Limited Competitor Analysis

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Perform a competitor analysis for johnson matthey davy technologies limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in EC4A area or any other competitors across 12 key performance metrics.

johnson matthey davy technologies limited Ownership

JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED group structure

Johnson Matthey Davy Technologies Limited has 1 subsidiary company.

Ultimate parent company

1 parent

JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED

00635311

1 subsidiary

JOHNSON MATTHEY DAVY TECHNOLOGIES LIMITED Shareholders

johnson matthey plc 100%

johnson matthey davy technologies limited directors

Johnson Matthey Davy Technologies Limited currently has 4 directors. The longest serving directors include Dr Mark Danks (Sep 2019) and Mr David Heginbottom (Nov 2022).

officercountryagestartendrole
Dr Mark Danks48 years Sep 2019- Director
Mr David Heginbottom53 years Nov 2022- Director
Mr Ross Paterson44 years Nov 2022- Director
Mr David Sutton59 years Dec 2022- Director

P&L

March 2023

turnover

74.7m

+91%

operating profit

21.4m

-52%

gross margin

49.1%

+62.79%

turnover

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

Balance Sheet

March 2023

net assets

38.6m

-0.49%

total assets

113.4m

-0.19%

cash

596k

+24.91%

net assets

Total assets minus all liabilities

johnson matthey davy technologies limited company details

company number

00635311

Type

Private limited with Share Capital

industry

71121 - Engineering design activities for industrial process and production

incorporation date

August 1959

age

65

incorporated

UK

accounts

Full Accounts

ultimate parent company

previous names

davy process technology limited (September 2013)

kvaerner process technology limited (November 2001)

See more

last accounts submitted

March 2023

address

5th floor 25 farringdon street, london, EC4A 4AB

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

johnson matthey davy technologies 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 9 charges/mortgages relating to johnson matthey davy technologies limited. Currently there are 7 open charges and 2 have been satisfied in the past.

charges

johnson matthey davy technologies limited Companies House Filings - See Documents

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