metrode products limited
metrode products limited Company Information
Company Number
00769971
Website
metrode.comRegistered Address
30 finsbury square, london, EC2P 2YU
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
lincoln electric uk holdings ltd 100%
metrode products limited Estimated Valuation
Pomanda estimates the enterprise value of METRODE PRODUCTS LIMITED at £10m based on a Turnover of £14.1m and 0.71x industry multiple (adjusted for size and gross margin).
metrode products limited Estimated Valuation
Pomanda estimates the enterprise value of METRODE PRODUCTS LIMITED at £2.3m based on an EBITDA of £419k and a 5.54x industry multiple (adjusted for size and gross margin).
metrode products limited Estimated Valuation
Pomanda estimates the enterprise value of METRODE PRODUCTS LIMITED at £16.7m based on Net Assets of £8.5m and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Metrode Products Limited Overview
Metrode Products Limited is a dissolved company that was located in london, EC2P 2YU with a Companies House number of 00769971. It operated in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in August 1963, it's largest shareholder was lincoln electric uk holdings ltd with a 100% stake. The last turnover for Metrode Products Limited was estimated at £14.1m.
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Metrode Products Limited Health Check
Pomanda's financial health check has awarded Metrode Products Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £14.1m, make it larger than the average company (£7.7m)
£14.1m - Metrode Products Limited
£7.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (1.7%)
-10% - Metrode Products Limited
1.7% - Industry AVG
Production
with a gross margin of 31.4%, this company has a comparable cost of product (30.8%)
31.4% - Metrode Products Limited
30.8% - Industry AVG
Profitability
an operating margin of -0.6% make it less profitable than the average company (5.2%)
-0.6% - Metrode Products Limited
5.2% - Industry AVG
Employees
with 70 employees, this is similar to the industry average (71)
70 - Metrode Products Limited
71 - Industry AVG
Pay Structure
on an average salary of £39.5k, the company has an equivalent pay structure (£33.2k)
£39.5k - Metrode Products Limited
£33.2k - Industry AVG
Efficiency
resulting in sales per employee of £200.8k, this is more efficient (£120.6k)
£200.8k - Metrode Products Limited
£120.6k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is near the average (64 days)
67 days - Metrode Products Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (49 days)
70 days - Metrode Products Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 223 days, this is more than average (52 days)
223 days - Metrode Products Limited
52 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (12 weeks)
20 weeks - Metrode Products Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.9%, this is a higher level of debt than the average (51%)
66.9% - Metrode Products Limited
51% - Industry AVG
METRODE PRODUCTS LIMITED financials
Metrode Products Limited's latest turnover from December 2016 is £14.1 million and the company has net assets of £8.5 million. According to their latest financial statements, Metrode Products Limited has 70 employees and maintains cash reserves of £6.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 14,055,000 | 18,240,000 | 19,146,000 | 19,598,000 | 21,709,000 | 22,512,000 | 17,487,000 | 18,303,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 9,636,000 | 12,984,000 | 13,632,000 | 14,884,000 | 16,927,000 | 17,792,000 | 12,477,000 | 12,780,000 |
| Gross Profit | 4,419,000 | 5,256,000 | 5,514,000 | 4,714,000 | 4,782,000 | 4,720,000 | 5,010,000 | 5,523,000 |
| Admin Expenses | 4,501,000 | 4,668,000 | 4,164,000 | 3,662,000 | 4,012,000 | 4,168,000 | 3,203,000 | 3,101,000 |
| Operating Profit | -82,000 | 588,000 | 1,350,000 | 1,052,000 | 770,000 | 552,000 | 1,807,000 | 2,422,000 |
| Interest Payable | 94,000 | 83,000 | 65,000 | 97,000 | 182,000 | 98,000 | 0 | 2,000 |
| Interest Receivable | 7,000 | 8,000 | 6,000 | 8,000 | 4,000 | 2,000 | 19,000 | 7,000 |
| Pre-Tax Profit | -169,000 | 513,000 | 1,291,000 | 963,000 | 592,000 | 456,000 | 1,826,000 | 2,427,000 |
| Tax | 3,000 | -140,000 | -369,000 | -262,000 | -166,000 | -114,000 | -528,000 | -714,000 |
| Profit After Tax | -166,000 | 373,000 | 922,000 | 701,000 | 426,000 | 342,000 | 1,298,000 | 1,713,000 |
| Dividends Paid | 0 | 0 | 546,000 | 1,736,000 | 1,600,000 | 1,500,000 | 5,300,000 | 0 |
| Retained Profit | -166,000 | 373,000 | 376,000 | -1,035,000 | -1,174,000 | -1,158,000 | -4,002,000 | 1,713,000 |
| Employee Costs | 2,765,000 | 2,958,000 | 2,656,000 | 3,047,000 | 3,449,000 | 3,542,000 | 2,750,000 | 2,599,000 |
| Number Of Employees | 70 | 82 | 78 | 76 | 93 | 100 | 88 | 78 |
| EBITDA* | 419,000 | 1,057,000 | 1,868,000 | 1,546,000 | 1,255,000 | 994,000 | 2,225,000 | 2,806,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,522,000 | 5,278,000 | 5,580,000 | 5,890,000 | 6,198,000 | 6,388,000 | 6,564,000 | 6,260,000 |
| Intangible Assets | 10,000 | 33,000 | 58,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,532,000 | 5,311,000 | 5,638,000 | 5,890,000 | 6,198,000 | 6,388,000 | 6,564,000 | 6,260,000 |
| Stock & work in progress | 5,896,000 | 5,962,000 | 6,254,000 | 6,272,000 | 8,435,000 | 9,641,000 | 6,328,000 | 5,067,000 |
| Trade Debtors | 2,594,000 | 3,617,000 | 4,002,000 | 3,751,000 | 4,566,000 | 4,875,000 | 3,577,000 | 3,217,000 |
| Group Debtors | 4,579,000 | 4,648,000 | 3,831,000 | 2,101,000 | 248,000 | 326,000 | 198,000 | 2,187,000 |
| Misc Debtors | 349,000 | 375,000 | 258,000 | 294,000 | 440,000 | 654,000 | 422,000 | 280,000 |
| Cash | 6,752,000 | 3,863,000 | 3,513,000 | 2,709,000 | 1,011,000 | 1,624,000 | 1,247,000 | 2,038,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,170,000 | 18,465,000 | 17,858,000 | 15,127,000 | 14,700,000 | 17,120,000 | 11,772,000 | 12,789,000 |
| total assets | 25,702,000 | 23,776,000 | 23,496,000 | 21,017,000 | 20,898,000 | 23,508,000 | 18,336,000 | 19,049,000 |
| Bank overdraft | 87,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,867,000 | 2,890,000 | 2,826,000 | 2,318,000 | 1,802,000 | 2,479,000 | 2,083,000 | 1,970,000 |
| Group/Directors Accounts | 14,967,000 | 11,538,000 | 11,521,000 | 10,077,000 | 9,415,000 | 9,948,000 | 3,587,000 | 271,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 96,000 | 442,000 | 598,000 | 468,000 | 507,000 | 695,000 | 622,000 | 793,000 |
| total current liabilities | 17,017,000 | 14,870,000 | 14,945,000 | 12,863,000 | 11,724,000 | 13,122,000 | 6,292,000 | 3,034,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 183,000 | 238,000 | 256,000 | 235,000 | 220,000 | 258,000 | 240,000 | 209,000 |
| total long term liabilities | 183,000 | 238,000 | 256,000 | 235,000 | 220,000 | 258,000 | 240,000 | 209,000 |
| total liabilities | 17,200,000 | 15,108,000 | 15,201,000 | 13,098,000 | 11,944,000 | 13,380,000 | 6,532,000 | 3,243,000 |
| net assets | 8,502,000 | 8,668,000 | 8,295,000 | 7,919,000 | 8,954,000 | 10,128,000 | 11,804,000 | 15,806,000 |
| total shareholders funds | 8,502,000 | 8,668,000 | 8,295,000 | 7,919,000 | 8,954,000 | 10,128,000 | 11,804,000 | 15,806,000 |
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -82,000 | 588,000 | 1,350,000 | 1,052,000 | 770,000 | 552,000 | 1,807,000 | 2,422,000 |
| Depreciation | 476,000 | 444,000 | 518,000 | 494,000 | 485,000 | 442,000 | 418,000 | 384,000 |
| Amortisation | 25,000 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 3,000 | -140,000 | -369,000 | -262,000 | -166,000 | -114,000 | -528,000 | -714,000 |
| Stock | -66,000 | -292,000 | -18,000 | -2,163,000 | -1,206,000 | 3,313,000 | 1,261,000 | 5,067,000 |
| Debtors | -1,118,000 | 549,000 | 1,945,000 | 892,000 | -601,000 | 1,658,000 | -1,487,000 | 5,684,000 |
| Creditors | -1,023,000 | 64,000 | 508,000 | 516,000 | -677,000 | 396,000 | 113,000 | 1,970,000 |
| Accruals and Deferred Income | -346,000 | -156,000 | 130,000 | -39,000 | -188,000 | 73,000 | -171,000 | 793,000 |
| Deferred Taxes & Provisions | -55,000 | -18,000 | 21,000 | 15,000 | -38,000 | 18,000 | 31,000 | 209,000 |
| Cash flow from operations | 182,000 | 550,000 | 231,000 | 3,047,000 | 1,993,000 | -3,604,000 | 1,896,000 | -5,687,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,429,000 | 17,000 | 1,444,000 | 662,000 | -533,000 | 6,361,000 | 3,316,000 | 271,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -87,000 | -75,000 | -59,000 | -89,000 | -178,000 | -96,000 | 19,000 | 5,000 |
| cash flow from financing | 3,342,000 | -58,000 | 1,385,000 | 573,000 | -711,000 | 5,747,000 | 3,335,000 | 14,369,000 |
| cash and cash equivalents | ||||||||
| cash | 2,889,000 | 350,000 | 804,000 | 1,698,000 | -613,000 | 377,000 | -791,000 | 2,038,000 |
| overdraft | 87,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,802,000 | 350,000 | 804,000 | 1,698,000 | -613,000 | 377,000 | -791,000 | 2,038,000 |
metrode products limited Credit Report and Business Information
Metrode Products Limited Competitor Analysis
Perform a competitor analysis for metrode products limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in EC2P area or any other competitors across 12 key performance metrics.
metrode products limited Ownership
METRODE PRODUCTS LIMITED group structure
Metrode Products Limited has no subsidiary companies.
Ultimate parent company
LINCOLN ELECTRIC HOLDINGS INC
#0068876
2 parents
METRODE PRODUCTS LIMITED
00769971
metrode products limited directors
Metrode Products Limited currently has 2 directors. The longest serving directors include Mr Charles Fielden (Feb 2015) and Mr Daniel Marascalchi (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Fielden | England | 54 years | Feb 2015 | - | Director |
| Mr Daniel Marascalchi | United Kingdom | 67 years | Mar 2018 | - | Director |
P&L
December 2016turnover
14.1m
-23%
operating profit
-82k
-114%
gross margin
31.5%
+9.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
8.5m
-0.02%
total assets
25.7m
+0.08%
cash
6.8m
+0.75%
net assets
Total assets minus all liabilities
Similar Companies
metrode products limited company details
company number
00769971
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
August 1963
age
61
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2016
address
30 finsbury square, london, EC2P 2YU
accountant
-
auditor
-
metrode products 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 metrode products limited. Currently there are 0 open charges and 2 have been satisfied in the past.
metrode products limited Companies House Filings - See Documents
| date | description | view/download |
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