Pomanda estimates the enterprise value of MECHAN LIMITED at £1.5m based on a Turnover of £3.2m and 0.48x industry multiple (adjusted for size and gross margin).
mechan limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MECHAN LIMITED at £0 based on an EBITDA of £-103.5k and a 3.65x industry multiple (adjusted for size and gross margin).
mechan limitedEstimated Valuation
£1.9m
Pomanda estimates the enterprise value of MECHAN LIMITED at £1.9m based on Net Assets of £979.8k and 1.98x industry multiple (adjusted for liquidity).
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Mechan LimitedOverview
Mechan Limited is a live company located in sheffield, S9 4EX with a Companies House number of 00947728. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in February 1969, it's largest shareholder is
mechan group ltd
with a 100% stake. Mechan Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£3.2m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Mechan Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£15m)
£3.2m - Mechan Limited
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.8%)
6% - Mechan Limited
6.8% - Industry AVG
Production
with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)
28.7% - Mechan Limited
28.7% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (6%)
-3.3% - Mechan Limited
6% - Industry AVG
Employees
with 20 employees, this is below the industry average (80)
20 - Mechan Limited
80 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£47.9k)
£47.9k - Mechan Limited
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £160.2k, this is equally as efficient (£179.7k)
£160.2k - Mechan Limited
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (60 days)
78 days - Mechan Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (49 days)
93 days - Mechan Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 40 days, this is less than average (64 days)
40 days - Mechan Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 39 weeks, this is more cash available to meet short term requirements (13 weeks)
39 weeks - Mechan Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.2%, this is a higher level of debt than the average (54.9%)
67.2% - Mechan Limited
54.9% - Industry AVG
MECHAN LIMITED financials
EXPORT
Mechan Limited's latest turnover from December 2023 is estimated at £3.2 million and the company has net assets of £979.8 thousand. According to their latest financial statements, Mechan Limited has 20 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
3,203,881
4,235,819
3,327,927
2,657,520
3,367,686
2,822,934
2,843,429
3,692,953
4,144,706
8,657,216
4,520,717
4,762,030
3,535,625
2,025,323
2,845,626
Other Income Or Grants
Cost Of Sales
2,283,148
2,983,459
2,335,621
1,883,304
2,371,576
2,013,068
2,011,188
2,570,469
2,852,838
6,069,882
3,130,531
3,236,464
2,362,138
1,362,581
1,906,573
Gross Profit
920,734
1,252,361
992,306
774,216
996,111
809,867
832,241
1,122,484
1,291,869
2,587,334
1,390,186
1,525,565
1,173,487
662,742
939,053
Admin Expenses
1,027,955
1,321,751
992,084
338,040
824,674
1,102,180
969,702
942,835
903,217
2,322,678
1,314,379
1,345,225
1,272,044
714,937
536,517
Operating Profit
-107,221
-69,390
222
436,176
171,437
-292,313
-137,461
179,649
388,652
264,656
75,807
180,340
-98,557
-52,195
402,536
Interest Payable
339
242
539
2,680
6,594
6,649
3,375
938
Interest Receivable
71,798
50,762
3,667
1,078
7,282
5,173
2,235
1,889
2,543
2,358
1,857
1,518
803
291
289
Pre-Tax Profit
-35,423
-18,628
3,889
437,254
178,719
-287,140
-135,226
181,200
390,953
266,475
74,984
175,264
-104,403
-55,279
401,888
Tax
-739
-83,078
-33,957
-36,240
-78,190
-55,960
-17,246
-42,063
-112,528
Profit After Tax
-35,423
-18,628
3,150
354,176
144,762
-287,140
-135,226
144,960
312,762
210,515
57,738
133,201
-104,403
-55,279
289,359
Dividends Paid
Retained Profit
-35,423
-18,628
3,150
354,176
144,762
-287,140
-135,226
144,960
312,762
210,515
57,738
133,201
-104,403
-55,279
289,359
Employee Costs
958,764
903,396
812,139
839,091
919,633
894,237
947,255
868,317
845,563
2,227,538
1,063,273
1,130,290
867,600
524,898
723,806
Number Of Employees
20
20
19
20
22
22
24
22
22
57
28
30
24
15
22
EBITDA*
-103,534
-63,998
12,810
447,850
181,860
-273,104
-118,753
206,622
388,652
269,616
89,079
195,982
-77,337
-32,837
413,735
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
60,902
64,589
69,981
82,568
78,260
28,589
33,905
57,183
70,860
38,924
31,568
50,877
66,519
104,673
62,257
Intangible Assets
668
668
668
Investments & Other
Debtors (Due After 1 year)
66,401
Total Fixed Assets
60,902
64,589
69,981
82,568
78,260
28,589
100,306
57,183
70,860
38,924
31,568
51,545
67,187
105,341
62,257
Stock & work in progress
252,269
540,600
369,354
237,408
459,110
258,719
196,487
172,978
1,134,914
995,824
458,750
509,990
94,598
84,986
115,457
Trade Debtors
689,123
1,173,594
789,733
640,118
614,701
609,683
568,409
944,714
657,081
1,520,755
838,461
924,757
894,050
606,557
629,311
Group Debtors
76,707
76,707
76,707
76,707
76,707
76,707
106,707
102,967
277,870
Misc Debtors
372,434
54,929
47,518
157,435
221,197
446,217
426,573
343,109
423,953
15,000
24,711
Cash
1,537,086
1,198,060
1,702,642
1,230,624
926,243
1,015,564
363,979
981,597
529,998
487,155
455,979
286,752
320,480
598
115,796
misc current assets
932
932
total current assets
2,927,619
3,043,890
2,985,954
2,342,292
2,297,958
2,406,890
1,663,087
2,546,297
3,023,816
3,003,734
1,768,190
1,721,499
1,309,128
716,852
860,564
total assets
2,988,521
3,108,479
3,055,935
2,424,860
2,376,218
2,435,479
1,763,393
2,603,480
3,094,676
3,042,658
1,799,758
1,773,044
1,376,315
822,193
922,821
Bank overdraft
10,842
7,456
9,132
42,623
39,915
28,859
Bank loan
Trade Creditors
585,543
577,487
624,525
308,087
699,659
490,216
488,166
711,774
924,652
2,390,661
1,356,219
1,319,781
997,566
390,453
486,908
Group/Directors Accounts
other short term finances
28,037
27,882
22,081
hp & lease commitments
other current liabilities
1,418,622
1,511,213
1,393,003
1,083,196
997,158
1,408,109
366,131
773,350
1,204,956
total current liabilities
2,004,165
2,088,700
2,017,528
1,391,283
1,696,817
1,898,325
854,297
1,495,966
2,129,608
2,398,117
1,365,351
1,390,441
1,065,363
412,534
515,767
loans
2,660
61,778
52,919
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
4,597
4,597
4,597
2,917
2,917
5,432
90,234
8,466
10,980
3,215
3,596
6,870
9,302
12,465
7,500
total long term liabilities
4,597
4,597
4,597
2,917
2,917
5,432
90,234
8,466
10,980
3,215
3,596
9,530
71,080
65,384
7,500
total liabilities
2,008,762
2,093,297
2,022,125
1,394,200
1,699,734
1,903,757
944,531
1,504,432
2,140,588
2,401,332
1,368,947
1,399,971
1,136,443
477,918
523,267
net assets
979,759
1,015,182
1,033,810
1,030,660
676,484
531,722
818,862
1,099,048
954,088
641,326
430,811
373,073
239,872
344,275
399,554
total shareholders funds
979,759
1,015,182
1,033,810
1,030,660
676,484
531,722
818,862
1,099,048
954,088
641,326
430,811
373,073
239,872
344,275
399,554
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-107,221
-69,390
222
436,176
171,437
-292,313
-137,461
179,649
388,652
264,656
75,807
180,340
-98,557
-52,195
402,536
Depreciation
3,687
5,392
12,588
11,674
10,423
19,209
18,708
26,973
4,960
12,604
15,642
21,220
19,358
11,199
Amortisation
668
Tax
-739
-83,078
-33,957
-36,240
-78,190
-55,960
-17,246
-42,063
-112,528
Stock
-288,331
171,246
131,946
-221,702
200,391
62,232
-938,427
-961,936
139,090
537,074
-51,240
415,392
9,612
-30,471
115,457
Debtors
-166,966
391,272
39,698
-38,345
-220,002
-35,483
-190,814
31,886
-161,851
667,294
-71,296
30,707
262,782
1,957
629,311
Creditors
8,056
-47,038
316,438
-391,572
209,443
2,050
-436,486
-212,878
-1,466,009
1,034,442
36,438
322,215
607,113
-96,455
486,908
Accruals and Deferred Income
-92,591
118,210
309,807
86,038
-410,951
1,041,978
-838,825
-431,606
1,204,956
Deferred Taxes & Provisions
1,680
-2,515
-84,802
79,254
-2,514
7,765
-381
-3,274
-2,432
-3,163
4,965
7,500
Cash flow from operations
267,228
-555,344
468,352
319,285
-36,509
659,373
-185,569
453,434
79,935
43,349
227,533
27,603
254,219
-95,813
50,847
Investing Activities
capital expenditure
-1
-15,982
-60,094
-13,893
18,247
-13,296
-31,936
-12,316
6,705
16,934
-62,442
-73,456
Change in Investments
cash flow from investments
-1
-15,982
-60,094
-13,893
18,247
-13,296
-31,936
-12,316
6,705
16,934
-62,442
-73,456
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-28,037
155
5,801
22,081
Long term loans
-2,660
-59,118
8,859
52,919
Hire Purchase and Lease Commitments
other long term liabilities
share issue
110,195
interest
71,798
50,762
3,667
1,078
7,282
5,173
2,235
1,550
2,301
1,819
-823
-5,076
-5,846
-3,084
-649
cash flow from financing
71,798
50,762
3,667
1,078
7,282
5,173
2,235
1,550
2,301
1,819
-31,520
-64,039
8,814
71,916
109,546
cash and cash equivalents
cash
339,026
-504,582
472,018
304,381
-89,321
651,585
-166,019
451,599
42,843
31,176
169,227
-33,728
319,882
-115,198
115,796
overdraft
10,842
-7,456
-1,676
-33,491
2,708
39,915
-28,859
28,859
change in cash
339,026
-504,582
472,018
304,381
-89,321
651,585
-166,019
440,757
50,299
32,852
202,718
-36,436
279,967
-86,339
86,937
mechan limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mechan limited. Get real-time insights into mechan limited's credit score, group structure and payment trends.
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28220 - Manufacture of lifting and handling equipment
incorporation date
February 1969
age
56
incorporated
UK
ultimate parent company
EBENIS SA
accounts
Small Company
last accounts submitted
December 2023
previous names
mechan (materials handling) limited (April 1992)
accountant
LB GROUP
auditor
-
address
building number 5, davy industrial park, sheffield, S9 4EX
Bank
-
Legal Advisor
-
mechan 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 12 charges/mortgages relating to mechan limited. Currently there are 2 open charges and 10 have been satisfied in the past.
mechan limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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mechan limitedCompanies House Filings - See Documents
