Michrome Electro-plating Limited

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michrome electro-plating limited Company Information

Live

MatureSmallLow

Company Number

00812534

Website

www.michrome.co.uk

Registered Address

plot 19 harrowbrook road, hinckley, leicestershire, LE10 3DJ

Industry

Manufacture of basic iron and steel and of ferro-alloys

Telephone

01455637156

Next Accounts Due

March 2025

Group Structure

View All

Directors

Andrew Walker28 Years

Darryl Norton3 Years

Shareholders

latesco limited 100%

michrome electro-plating limited Estimated Valuation

£261.4k

Pomanda estimates the enterprise value of MICHROME ELECTRO-PLATING LIMITED at £261.4k based on Net Assets of £204.6k and 1.28x industry multiple (adjusted for liquidity).

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Michrome Electro-plating Limited is a live company located in leicestershire, LE10 3DJ with a Companies House number of 00812534. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in July 1964, it's largest shareholder is latesco limited with a 100% stake. Michrome Electro-plating Limited is a mature, small sized company, Pomanda has estimated its turnover at £794.9k with low growth in recent years.

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Pomanda's financial health check has awarded Michrome Electro-Plating Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £794.9k, make it smaller than the average company (£24.1m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (9%)

EXPORT

Michrome Electro-Plating Limited's latest turnover from June 2023 is estimated at £794.9 thousand and the company has net assets of £204.6 thousand. According to their latest financial statements, Michrome Electro-Plating Limited has 7 employees and maintains cash reserves of 0 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	794,852	620,984	547,502	789,332	1,143,783	1,093,014	1,056,014	455,355	412,539	270,294	404,714	323,352	234,432	178,352
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	703,040	543,386	491,928	708,608	1,026,933	978,653	911,945	412,954	382,369	242,517	362,633	290,645	206,478	156,302
Gross Profit	91,812	77,599	55,574	80,724	116,850	114,361	144,068	42,401	30,170	27,777	42,081	32,707	27,954	22,051
Admin Expenses	-14,981	42,671	177,188	45,171	116,609	113,820	139,607	42,464	29,551	27,904	41,894	34,199	28,314	-229,277
Operating Profit	106,793	34,928	-121,614	35,553	241	541	4,461	-63	619	-127	187	-1,492	-360	251,328
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	251	988	966	992	984	857	801	418
Pre-Tax Profit	106,793	34,928	-121,614	35,553	241	541	4,712	925	1,585	865	1,171	-635	442	251,746
Tax	-26,698	-6,636	0	-6,755	-46	-103	-895	-185	-317	-182	-269	0	-115	-70,489
Profit After Tax	80,095	28,292	-121,614	28,798	195	438	3,817	740	1,268	683	902	-635	327	181,257
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	80,095	28,292	-121,614	28,798	195	438	3,817	740	1,268	683	902	-635	327	181,257
Employee Costs	324,198	303,605	274,888	237,910	238,016	221,204	214,103	259,908	35,486	34,198	33,973	33,286	32,673	31,062
Number Of Employees	7	7	7	6	6	6	6	7	1	1	1	1	1	1
EBITDA*	106,793	34,928	-121,614	35,553	241	541	4,461	4,736	5,592	5,423	4,859	2,421	2,736	253,768

* 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	14,999	17,232	18,835	13,688	16,104	15,023	20,088	19,657	20,346	24,631	29,422	33,806	25,952	25,706
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	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	14,999	17,232	18,835	13,688	16,104	15,023	20,088	19,657	20,346	24,631	29,422	33,806	25,952	25,706
Stock & work in progress	0	0	0	0	0	0	0	10,741	13,979	8,796	8,804	7,526	6,040	6,517
Trade Debtors	234,358	153,084	147,444	266,999	362,628	364,451	376,486	97,625	102,633	70,004	96,391	87,285	83,555	73,563
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,719	3,843	7,172	7,285	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	201,129	193,908	192,476	204,304	189,381	153,580	167,006
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	245,077	156,927	154,616	274,284	362,628	364,451	376,486	309,495	310,520	271,276	309,499	284,192	243,175	247,086
total assets	260,076	174,159	173,451	287,972	378,732	379,474	396,574	329,152	330,866	295,907	338,921	317,998	269,127	272,792
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	47,181	45,481	72,022	64,948	189,740	190,677	208,215	141,604	144,357	110,328	153,551	132,772	71,892	35,225
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	11,955	52,490
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	47,181	45,481	72,022	64,948	189,740	190,677	208,215	141,604	144,357	110,328	153,551	132,772	83,847	87,715
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	8,332	4,210	5,253	5,234	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	2,806	2,507	2,845	3,319	4,077	3,496	3,620
total long term liabilities	8,332	4,210	5,253	5,234	0	0	0	2,806	2,507	2,845	3,319	4,077	3,496	3,620
total liabilities	55,513	49,691	77,275	70,182	189,740	190,677	208,215	144,410	146,864	113,173	156,870	136,849	87,343	91,335
net assets	204,563	124,468	96,176	217,790	188,992	188,797	188,359	184,742	184,002	182,734	182,051	181,149	181,784	181,457
total shareholders funds	204,563	124,468	96,176	217,790	188,992	188,797	188,359	184,742	184,002	182,734	182,051	181,149	181,784	181,457

	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	106,793	34,928	-121,614	35,553	241	541	4,461	-63	619	-127	187	-1,492	-360	251,328
Depreciation	0	0	0	0	0	0	0	4,799	4,973	5,550	4,672	3,913	3,096	2,440
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-26,698	-6,636	0	-6,755	-46	-103	-895	-185	-317	-182	-269	0	-115	-70,489
Stock	0	0	0	0	0	0	-10,741	-3,238	5,183	-8	1,278	1,486	-477	6,517
Debtors	88,150	2,311	-119,668	-88,344	-1,823	-12,035	278,861	-5,008	32,629	-26,387	9,106	3,730	9,992	73,563
Creditors	1,700	-26,541	7,074	-124,792	-937	-17,538	66,611	-2,753	34,029	-43,223	20,779	60,880	36,667	35,225
Accruals and Deferred Income	4,122	-1,043	19	5,234	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-2,806	299	-338	-474	-758	581	-124	3,620
Cash flow from operations	-2,233	-1,603	5,147	-2,416	1,081	-5,065	-200,749	10,343	1,154	-12,061	14,227	58,666	29,649	142,044
Investing Activities
capital expenditure	2,233	1,603	-5,147	2,416	-1,081	5,065	-431	-4,110	-688	-759	-288	-11,767	-3,342	-28,146
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,233	1,603	-5,147	2,416	-1,081	5,065	-431	-4,110	-688	-759	-288	-11,767	-3,342	-28,146
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	-11,955	-40,535	52,490
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	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-200	0	0	0	0	0	0	200
interest	0	0	0	0	0	0	251	988	966	992	984	857	801	418
cash flow from financing	0	0	0	0	0	0	51	988	966	992	984	-11,098	-39,734	53,108
cash and cash equivalents
cash	0	0	0	0	0	0	-201,129	7,221	1,432	-11,828	14,923	35,801	-13,426	167,006
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-201,129	7,221	1,432	-11,828	14,923	35,801	-13,426	167,006

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MICHROME ELECTRO-PLATING LIMITED group structure

Michrome Electro-Plating Limited has no subsidiary companies.

Ultimate parent company

AUGEMUS LTD

#0124554

LATESCO LIMITED

12782679

2 parents

MICHROME ELECTRO-PLATING LIMITED

00812534

MICHROME ELECTRO-PLATING LIMITED Shareholders

latesco limited

100%

Michrome Electro-Plating Limited currently has 2 directors. The longest serving directors include Mr Andrew Walker (Apr 1996) and Mr Darryl Norton (Feb 2021).

officer	country	age	start	end	role
Mr Andrew Walker		67 years	Apr 1996	-	Director
Mr Darryl Norton	England	63 years	Feb 2021	-	Director

P&L

June 2023

turnover

794.9k

+28%

operating profit

106.8k

gross margin

11.6%

-7.56%

turnover

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

Balance Sheet

June 2023

net assets

204.6k

+0.64%

total assets

260.1k

+0.49%

cash

net assets

Total assets minus all liabilities

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company number

00812534

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

July 1964

ultimate parent company

AUGEMUS LTD

previous names

N/A

address

plot 19 harrowbrook road, hinckley, leicestershire, LE10 3DJ

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 3 charges/mortgages relating to michrome electro-plating limited. Currently there are 2 open charges and 1 have been satisfied in the past.

michrome electro-plating limited Company Information

michrome electro-plating limited Estimated Valuation

michrome electro-plating limited Estimated Valuation

michrome electro-plating limited Estimated Valuation

Michrome Electro-plating Limited Overview

Michrome Electro-plating Limited Health Check

MICHROME ELECTRO-PLATING LIMITED financials

michrome electro-plating limited Credit Report and Business Information

Michrome Electro-plating Limited Competitor Analysis

michrome electro-plating limited Ownership

michrome electro-plating limited directors

michrome electro-plating limited company details

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