msi-defence systems ltd
msi-defence systems ltd Company Information
Company Number
00954839
Next Accounts
Jan 2026
Shareholders
ms international plc
michael james bell
Group Structure
View All
Industry
Manufacture of other special-purpose machinery n.e.c.
Registered Address
salhouse road, norwich, NR7 9AY
Website
https://www.msi-dsl.commsi-defence systems ltd Estimated Valuation
Pomanda estimates the enterprise value of MSI-DEFENCE SYSTEMS LTD at £80.9m based on a Turnover of £66.9m and 1.21x industry multiple (adjusted for size and gross margin).
msi-defence systems ltd Estimated Valuation
Pomanda estimates the enterprise value of MSI-DEFENCE SYSTEMS LTD at £131.5m based on an EBITDA of £14.6m and a 9.01x industry multiple (adjusted for size and gross margin).
msi-defence systems ltd Estimated Valuation
Pomanda estimates the enterprise value of MSI-DEFENCE SYSTEMS LTD at £49.8m based on Net Assets of £22.5m and 2.21x industry multiple (adjusted for liquidity).
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Msi-defence Systems Ltd Overview
Msi-defence Systems Ltd is a live company located in norwich, NR7 9AY with a Companies House number of 00954839. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in May 1969, it's largest shareholder is ms international plc with a 100% stake. Msi-defence Systems Ltd is a mature, large sized company, Pomanda has estimated its turnover at £66.9m with rapid growth in recent years.
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Msi-defence Systems Ltd Health Check
Pomanda's financial health check has awarded Msi-Defence Systems Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £66.9m, make it larger than the average company (£13.4m)
£66.9m - Msi-defence Systems Ltd
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (9.9%)
36% - Msi-defence Systems Ltd
9.9% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (32%)
29.5% - Msi-defence Systems Ltd
32% - Industry AVG
Profitability
an operating margin of 20.5% make it more profitable than the average company (7%)
20.5% - Msi-defence Systems Ltd
7% - Industry AVG
Employees
with 170 employees, this is above the industry average (71)
170 - Msi-defence Systems Ltd
71 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has an equivalent pay structure (£52k)
£58.2k - Msi-defence Systems Ltd
£52k - Industry AVG
Efficiency
resulting in sales per employee of £393.6k, this is more efficient (£191.9k)
£393.6k - Msi-defence Systems Ltd
£191.9k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (57 days)
22 days - Msi-defence Systems Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 292 days, this is slower than average (41 days)
292 days - Msi-defence Systems Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 149 days, this is more than average (89 days)
149 days - Msi-defence Systems Ltd
89 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (14 weeks)
32 weeks - Msi-defence Systems Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.2%, this is a higher level of debt than the average (46.3%)
71.2% - Msi-defence Systems Ltd
46.3% - Industry AVG
MSI-DEFENCE SYSTEMS LTD financials
Msi-Defence Systems Ltd's latest turnover from April 2024 is £66.9 million and the company has net assets of £22.5 million. According to their latest financial statements, Msi-Defence Systems Ltd has 170 employees and maintains cash reserves of £29.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | May 2015 | May 2014 | Apr 2013 | Apr 2012 | Apr 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 66,918,000 | 29,238,000 | 26,915,000 | 26,784,000 | 23,464,000 | 26,678,000 | 21,900,000 | ||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 47,210,000 | 21,639,000 | 19,104,000 | 19,093,000 | 18,509,000 | 18,440,000 | 15,280,000 | ||||||||
| Gross Profit | 19,708,000 | 7,599,000 | 7,811,000 | 7,691,000 | 4,955,000 | 8,238,000 | 6,620,000 | ||||||||
| Admin Expenses | 5,992,000 | 5,087,000 | 3,854,000 | 4,729,000 | 4,688,000 | 5,455,000 | 5,148,000 | ||||||||
| Operating Profit | 13,716,000 | 2,512,000 | 3,957,000 | 2,962,000 | 267,000 | 2,783,000 | 1,472,000 | ||||||||
| Interest Payable | 207,000 | 134,000 | 142,000 | 152,000 | 162,000 | 13,000 | |||||||||
| Interest Receivable | 712,000 | 71,000 | 6,000 | 92,000 | 50,000 | ||||||||||
| Pre-Tax Profit | 14,221,000 | 2,449,000 | 3,815,000 | 2,816,000 | 233,000 | 2,875,000 | 1,509,000 | ||||||||
| Tax | -3,109,000 | 8,000 | -463,000 | -328,000 | 337,000 | -407,000 | -34,000 | ||||||||
| Profit After Tax | 11,112,000 | 2,457,000 | 3,352,000 | 2,488,000 | 570,000 | 2,468,000 | 1,475,000 | ||||||||
| Dividends Paid | 3,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||
| Retained Profit | 8,112,000 | 457,000 | 2,352,000 | 1,488,000 | -430,000 | 2,468,000 | 1,475,000 | ||||||||
| Employee Costs | 9,898,000 | 8,102,000 | 7,059,000 | 6,313,000 | 6,559,000 | 6,852,000 | 6,235,000 | ||||||||
| Number Of Employees | 170 | 152 | 145 | 141 | 141 | 147 | 138 | ||||||||
| EBITDA* | 14,604,000 | 3,129,000 | 4,496,000 | 3,509,000 | 778,000 | 2,860,000 | 1,559,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | May 2015 | May 2014 | Apr 2013 | Apr 2012 | Apr 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,649,000 | 955,000 | 5,025,000 | 5,195,000 | 276,000 | 310,000 | 305,000 | ||||||||
| Intangible Assets | 5,091,000 | 3,921,000 | 44,000 | 5,095,000 | |||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 7,740,000 | 4,876,000 | 5,069,000 | 5,195,000 | 5,371,000 | 310,000 | 305,000 | ||||||||
| Stock & work in progress | 19,398,000 | 18,689,000 | 9,527,000 | 6,877,000 | 9,608,000 | 7,690,000 | 7,436,000 | ||||||||
| Trade Debtors | 4,077,000 | 2,362,000 | 3,989,000 | 4,740,000 | 723,000 | 922,000 | 5,511,000 | ||||||||
| Group Debtors | 4,653,000 | 2,267,000 | 2,467,000 | 4,000 | 3,000 | 18,000 | 5,000 | 6,580,000 | 6,580,000 | 6,580,000 | |||||
| Misc Debtors | 12,923,000 | 1,316,000 | 2,552,000 | 3,086,000 | 2,020,000 | 1,466,000 | 654,000 | ||||||||
| Cash | 29,400,000 | 4,564,000 | 12,685,000 | 19,282,000 | 14,380,000 | 19,523,000 | 15,101,000 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 70,451,000 | 29,198,000 | 31,220,000 | 33,989,000 | 26,734,000 | 29,619,000 | 28,707,000 | 6,580,000 | 6,580,000 | 6,580,000 | |||||
| total assets | 78,191,000 | 34,074,000 | 36,289,000 | 39,184,000 | 32,105,000 | 29,929,000 | 29,012,000 | 6,580,000 | 6,580,000 | 6,580,000 | |||||
| Bank overdraft | 32,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 37,871,000 | 13,653,000 | 1,915,000 | 1,967,000 | 1,952,000 | 764,000 | 823,000 | ||||||||
| Group/Directors Accounts | 172,000 | 17,000 | 21,000 | 6,000 | 8,000 | 1,616,000 | 1,616,000 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 527,000 | 359,000 | 350,000 | 344,000 | 345,000 | ||||||||||
| other current liabilities | 8,858,000 | 1,893,000 | 15,949,000 | 20,815,000 | 14,854,000 | 17,026,000 | 18,518,000 | ||||||||
| total current liabilities | 47,428,000 | 15,922,000 | 18,235,000 | 23,132,000 | 17,191,000 | 19,406,000 | 20,957,000 | ||||||||
| loans | |||||||||||||||
| hp & lease commitments | 4,834,000 | 3,761,000 | 4,120,000 | 4,471,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,122,000 | 4,821,000 | |||||||||||||
| provisions | 304,000 | ||||||||||||||
| total long term liabilities | 8,260,000 | 3,761,000 | 4,120,000 | 4,471,000 | 4,821,000 | ||||||||||
| total liabilities | 55,688,000 | 19,683,000 | 22,355,000 | 27,603,000 | 22,012,000 | 19,406,000 | 20,957,000 | ||||||||
| net assets | 22,503,000 | 14,391,000 | 13,934,000 | 11,581,000 | 10,093,000 | 10,523,000 | 8,055,000 | 6,580,000 | 6,580,000 | 6,580,000 | |||||
| total shareholders funds | 22,503,000 | 14,391,000 | 13,934,000 | 11,581,000 | 10,093,000 | 10,523,000 | 8,055,000 | 6,580,000 | 6,580,000 | 6,580,000 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | May 2015 | May 2014 | Apr 2013 | Apr 2012 | Apr 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 13,716,000 | 2,512,000 | 3,957,000 | 2,962,000 | 267,000 | 2,783,000 | 1,472,000 | ||||||||
| Depreciation | 888,000 | 617,000 | 539,000 | 547,000 | 511,000 | 77,000 | 87,000 | ||||||||
| Amortisation | |||||||||||||||
| Tax | -3,109,000 | 8,000 | -463,000 | -328,000 | 337,000 | -407,000 | -34,000 | ||||||||
| Stock | 709,000 | 9,162,000 | 2,650,000 | -2,731,000 | 1,918,000 | 254,000 | 7,436,000 | ||||||||
| Debtors | 15,708,000 | -3,063,000 | 1,178,000 | 5,084,000 | 340,000 | -3,764,000 | -410,000 | 6,580,000 | -6,580,000 | 6,580,000 | |||||
| Creditors | 24,218,000 | 11,738,000 | -52,000 | 15,000 | 1,188,000 | -59,000 | 823,000 | ||||||||
| Accruals and Deferred Income | 6,965,000 | -14,056,000 | -4,866,000 | 5,961,000 | -2,172,000 | -1,492,000 | 18,518,000 | ||||||||
| Deferred Taxes & Provisions | 304,000 | ||||||||||||||
| Cash flow from operations | 26,565,000 | -5,280,000 | -4,713,000 | 6,804,000 | -2,127,000 | 4,412,000 | 13,840,000 | -6,580,000 | -6,580,000 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 155,000 | -4,000 | 15,000 | -2,000 | -1,608,000 | 1,616,000 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 1,241,000 | -350,000 | -345,000 | 4,470,000 | 345,000 | ||||||||||
| other long term liabilities | 3,122,000 | -4,821,000 | 4,821,000 | ||||||||||||
| share issue | |||||||||||||||
| interest | 505,000 | -63,000 | -142,000 | -146,000 | -162,000 | 92,000 | 37,000 | ||||||||
| cash flow from financing | 5,023,000 | -417,000 | -471,000 | -499,000 | 3,396,000 | 92,000 | 1,653,000 | 6,580,000 | 6,580,000 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | 24,836,000 | -8,121,000 | -6,597,000 | 4,902,000 | -5,143,000 | 4,422,000 | 15,101,000 | ||||||||
| overdraft | -32,000 | 32,000 | |||||||||||||
| change in cash | 24,836,000 | -8,121,000 | -6,597,000 | 4,934,000 | -5,175,000 | 4,422,000 | 15,101,000 |
msi-defence systems ltd Credit Report and Business Information
Msi-defence Systems Ltd Competitor Analysis
Perform a competitor analysis for msi-defence systems ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NR7 area or any other competitors across 12 key performance metrics.
msi-defence systems ltd Ownership
MSI-DEFENCE SYSTEMS LTD group structure
Msi-Defence Systems Ltd has no subsidiary companies.
msi-defence systems ltd directors
Msi-Defence Systems Ltd currently has 11 directors. The longest serving directors include Mr Michael O'Connell (Sep 1991) and Mr Michael Bell (Sep 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael O'Connell | 75 years | Sep 1991 | - | Director | |
| Mr Michael Bell | 79 years | Sep 1991 | - | Director | |
| Mr Barry Larke | 78 years | Nov 2008 | - | Director | |
| Mr Philip Gentle | 61 years | Nov 2008 | - | Director | |
| Mr John Meldrum | 56 years | Aug 2017 | - | Director | |
| Mr Thomas West | 49 years | Apr 2019 | - | Director | |
| Mr John Gibbons | 49 years | Nov 2019 | - | Director | |
| Mr David Codling | 54 years | Nov 2020 | - | Director | |
| Ms Leonie James | 39 years | May 2022 | - | Director | |
| Mrs Theresa Dean | 40 years | May 2024 | - | Director |
P&L
April 2024turnover
66.9m
+129%
operating profit
13.7m
+446%
gross margin
29.5%
+13.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
22.5m
+0.56%
total assets
78.2m
+1.29%
cash
29.4m
+5.44%
net assets
Total assets minus all liabilities
msi-defence systems ltd company details
company number
00954839
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
May 1969
age
56
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
defence equipment and systems limited (August 1991)
notchlook limited (April 1988)
See moreaccountant
-
auditor
GRANT THORNTON UK LLP
address
salhouse road, norwich, NR7 9AY
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
msi-defence systems ltd 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 18 charges/mortgages relating to msi-defence systems ltd. Currently there are 15 open charges and 3 have been satisfied in the past.
msi-defence systems ltd 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.
Click to start generating capital raising & share issue transactions for MSI-DEFENCE SYSTEMS LTD. This can take several minutes, an email will notify you when this has completed.
msi-defence systems ltd Companies House Filings - See Documents
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