Pomanda estimates the enterprise value of M 1 ENGINEERING LIMITED at £5.4m based on a Turnover of £8.2m and 0.66x industry multiple (adjusted for size and gross margin).
m 1 engineering limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of M 1 ENGINEERING LIMITED at £0 based on an EBITDA of £-167.9k and a 4.07x industry multiple (adjusted for size and gross margin).
m 1 engineering limitedEstimated Valuation
£755.6k
Pomanda estimates the enterprise value of M 1 ENGINEERING LIMITED at £755.6k based on Net Assets of £374.8k and 2.02x industry multiple (adjusted for liquidity).
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M 1 Engineering LimitedOverview
M 1 Engineering Limited is a live company located in bradford, BD4 6SQ with a Companies House number of 01059299. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in June 1972, it's largest shareholder is
m1 engineering holdings ltd
with a 100% stake. M 1 Engineering Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£8.2m with
healthy
growth in recent years.
Pomanda's financial health check has awarded M 1 Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
1 Strong
5 Regular
6 Weak
Size
annual sales of £8.2m, make it smaller than the average company (£14m)
£8.2m - M 1 Engineering Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.3%)
7% - M 1 Engineering Limited
6.3% - Industry AVG
Production
with a gross margin of 23.2%, this company has a higher cost of product (30.3%)
23.2% - M 1 Engineering Limited
30.3% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (6.3%)
-2.9% - M 1 Engineering Limited
6.3% - Industry AVG
Employees
with 57 employees, this is similar to the industry average (70)
57 - M 1 Engineering Limited
70 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£42.9k)
£44.8k - M 1 Engineering Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £143.6k, this is less efficient (£185.9k)
£143.6k - M 1 Engineering Limited
£185.9k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (53 days)
59 days - M 1 Engineering Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is close to average (40 days)
39 days - M 1 Engineering Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is less than average (68 days)
48 days - M 1 Engineering Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - M 1 Engineering Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.1%, this is a higher level of debt than the average (47.8%)
86.1% - M 1 Engineering Limited
47.8% - Industry AVG
M 1 ENGINEERING LIMITED financials
EXPORT
M 1 Engineering Limited's latest turnover from December 2023 is £8.2 million and the company has net assets of £374.8 thousand. According to their latest financial statements, M 1 Engineering Limited has 57 employees and maintains cash reserves of £162 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
8,186,984
5,597,998
5,695,018
6,753,099
7,435,558
6,758,899
5,944,753
4,269,873
5,508,337
5,833,381
6,747,268
8,373,627
8,351,883
7,635,682
9,072,302
Other Income Or Grants
Cost Of Sales
6,289,720
4,721,042
4,359,062
5,298,789
5,859,052
5,104,026
4,579,415
3,355,657
4,332,178
3,953,630
4,575,733
5,655,925
5,652,685
5,120,380
Gross Profit
1,897,264
876,956
1,335,956
1,454,310
1,576,506
1,654,873
1,365,338
914,216
1,176,159
1,879,752
2,171,535
2,717,702
2,699,198
2,515,302
Admin Expenses
2,135,173
1,415,230
1,218,292
1,342,888
1,458,585
1,412,642
1,269,644
1,220,269
1,552,733
2,299,114
2,400,327
2,700,646
2,407,938
2,258,172
-461,957
Operating Profit
-237,909
-538,274
117,664
111,422
117,921
242,231
95,694
-306,053
-376,574
-419,362
-228,792
17,056
291,260
257,130
461,957
Interest Payable
222
618
1,014
4,788
2,921
3,404
3,029
208
1,393
3,070
5,219
Interest Receivable
4,935
114
2,409
7,017
1,963
518
1,247
2,318
91
13,439
8,773
12,086
Pre-Tax Profit
-232,974
-538,160
117,442
113,213
123,924
239,406
92,773
-308,939
-378,356
-417,044
-228,792
16,939
303,306
262,833
468,824
Tax
-26,516
-23,103
17,057
-14,250
6,890
71,289
23,273
49,054
15,019
-63,163
-41,204
-136,878
Profit After Tax
-259,490
-561,263
134,499
98,963
130,814
310,695
116,046
-308,939
-378,356
-417,044
-179,738
31,958
240,143
221,629
331,946
Dividends Paid
75,000
125,000
150,000
Retained Profit
-259,490
-561,263
134,499
98,963
130,814
310,695
116,046
-308,939
-378,356
-417,044
-179,738
-43,042
115,143
221,629
181,946
Employee Costs
2,552,097
1,886,182
1,833,850
2,225,281
2,176,037
2,096,164
1,733,576
1,421,790
1,773,559
1,823,364
1,868,020
2,025,123
2,006,918
1,801,860
2,037,598
Number Of Employees
57
57
61
70
68
66
58
49
59
71
68
76
74
71
79
EBITDA*
-167,850
-491,464
168,359
157,568
163,615
284,752
132,340
-265,553
-324,376
-350,463
-145,678
102,801
379,686
347,463
549,026
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
201,355
198,810
188,303
185,371
199,832
157,860
139,883
144,619
181,430
269,068
331,487
387,865
366,645
376,997
345,542
Intangible Assets
20,719
21,981
21,867
21,250
21,315
20,596
20,276
19,779
20,647
Investments & Other
Debtors (Due After 1 year)
18,333
Total Fixed Assets
222,074
220,791
210,170
206,621
221,147
178,456
160,159
164,398
202,077
287,401
331,487
387,865
366,645
376,997
345,542
Stock & work in progress
829,529
1,021,853
1,030,941
823,736
1,317,150
1,094,263
1,014,003
973,878
946,256
1,430,604
1,457,029
1,632,852
1,720,912
1,768,936
1,377,244
Trade Debtors
1,323,586
1,506,867
1,539,689
1,376,135
1,626,677
1,928,633
1,515,520
1,387,431
903,145
1,491,899
1,162,809
1,220,319
1,640,142
1,933,358
1,705,714
Group Debtors
178,908
305,619
289,669
Misc Debtors
155,191
200,673
97,375
192,475
255,122
183,632
173,542
69,412
107,736
194,673
273,679
197,533
306,372
161,960
206,358
Cash
161,967
303,892
470,240
594,669
1,164,871
1,941,923
314,603
576,293
121,900
156,226
317,544
333,044
360,265
729,800
1,533,056
misc current assets
total current assets
2,470,273
3,033,285
3,138,245
2,987,015
4,363,820
5,148,451
3,017,668
3,007,014
2,079,037
3,273,402
3,211,061
3,383,748
4,206,599
4,899,673
5,112,041
total assets
2,692,347
3,254,076
3,348,415
3,193,636
4,584,967
5,326,907
3,177,827
3,171,412
2,281,114
3,560,803
3,542,548
3,771,613
4,573,244
5,276,670
5,457,583
Bank overdraft
368,169
44,943
78,844
143,694
Bank loan
Trade Creditors
683,297
494,924
437,163
490,278
773,032
690,599
546,585
465,605
377,506
634,538
622,181
800,062
977,824
1,019,033
1,474,607
Group/Directors Accounts
746,353
803,040
808,106
795,823
799,474
834,458
837,687
831,751
854,252
829,364
811,329
133,668
other short term finances
hp & lease commitments
546
6,226
5,823
5,424
11,990
14,648
17,767
29,381
other current liabilities
832,972
1,152,821
845,846
839,717
2,037,786
2,952,565
1,272,972
1,101,350
335,880
1,005,069
600,162
1,088,225
1,728,728
2,458,250
2,358,199
total current liabilities
2,262,622
2,450,785
2,091,661
2,132,044
3,616,115
4,483,046
2,657,244
2,766,875
1,567,638
2,468,971
2,033,672
2,033,945
2,766,143
3,573,894
4,005,881
loans
hp & lease commitments
537
6,760
12,583
10,900
25,070
4,688
Accruals and Deferred Income
other liabilities
provisions
54,924
169,000
61,200
49,054
64,545
61,193
52,130
total long term liabilities
54,924
169,000
61,200
537
6,760
12,583
49,054
75,445
86,263
56,818
total liabilities
2,317,546
2,619,785
2,152,861
2,132,581
3,622,875
4,495,629
2,657,244
2,766,875
1,567,638
2,468,971
2,033,672
2,082,999
2,841,588
3,660,157
4,062,699
net assets
374,801
634,291
1,195,554
1,061,055
962,092
831,278
520,583
404,537
713,476
1,091,832
1,508,876
1,688,614
1,731,656
1,616,513
1,394,884
total shareholders funds
374,801
634,291
1,195,554
1,061,055
962,092
831,278
520,583
404,537
713,476
1,091,832
1,508,876
1,688,614
1,731,656
1,616,513
1,394,884
Dec 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
-237,909
-538,274
117,664
111,422
117,921
242,231
95,694
-306,053
-376,574
-419,362
-228,792
17,056
291,260
257,130
461,957
Depreciation
63,717
41,844
45,802
41,293
40,601
37,966
32,000
40,500
52,198
68,899
83,114
85,745
88,426
90,333
87,069
Amortisation
6,342
4,966
4,893
4,853
5,093
4,555
4,646
Tax
-26,516
-23,103
17,057
-14,250
6,890
71,289
23,273
49,054
15,019
-63,163
-41,204
-136,878
Stock
-192,324
-9,088
207,205
-493,414
222,887
80,260
40,125
27,622
-484,348
-26,425
-175,823
-88,060
-48,024
391,692
1,377,244
Debtors
-228,763
70,476
68,454
-313,189
-230,466
423,203
232,219
445,962
-694,024
268,417
18,636
-707,570
-275,515
199,196
2,201,741
Creditors
188,373
57,761
-53,115
-282,754
82,433
144,014
80,980
88,099
-257,032
12,357
-177,881
-177,762
-41,209
-455,574
1,474,607
Accruals and Deferred Income
-319,849
306,975
6,129
-1,198,069
-914,779
1,679,593
171,622
765,470
-669,189
404,907
-488,063
-640,503
-729,522
100,051
2,358,199
Deferred Taxes & Provisions
-114,076
107,800
61,200
-49,054
-15,491
3,352
9,063
52,130
Cash flow from operations
-18,831
-103,419
-76,029
-530,902
-654,262
1,676,185
135,871
114,432
-72,225
-175,191
-654,435
79,694
-127,317
-631,089
718,099
Investing Activities
capital expenditure
-71,342
-57,431
-54,244
-31,620
-88,385
-60,818
-32,407
-2,821
14,793
-6,480
-26,736
-106,965
-78,074
-121,788
-432,611
Change in Investments
cash flow from investments
-71,342
-57,431
-54,244
-31,620
-88,385
-60,818
-32,407
-2,821
14,793
-6,480
-26,736
-106,965
-78,074
-121,788
-432,611
Financing Activities
Bank loans
Group/Directors Accounts
-56,687
-5,066
12,283
-3,651
-34,984
-3,229
5,936
-22,501
24,888
18,035
677,661
133,668
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-546
-6,217
-5,820
-5,424
18,007
-11,990
-13,558
-17,289
8,768
34,069
other long term liabilities
share issue
1,212,938
interest
4,935
114
-222
1,791
6,003
-2,825
-2,921
-2,886
-1,782
2,318
-117
12,046
5,703
6,867
cash flow from financing
-51,752
-5,498
5,844
-7,680
-34,405
11,953
3,015
-25,387
23,106
20,353
665,671
119,993
-5,243
14,471
1,253,874
cash and cash equivalents
cash
-141,925
-166,348
-124,429
-570,202
-777,052
1,627,320
-261,690
454,393
-34,326
-161,318
-15,500
-27,221
-369,535
-803,256
1,533,056
overdraft
-368,169
368,169
-44,943
-33,901
-64,850
143,694
change in cash
-141,925
-166,348
-124,429
-570,202
-777,052
1,627,320
106,479
86,224
-34,326
-161,318
-15,500
17,722
-335,634
-738,406
1,389,362
m 1 engineering 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 m 1 engineering limited. Get real-time insights into m 1 engineering limited's credit score, group structure and payment trends.
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m 1 engineering limited Ownership
M 1 ENGINEERING LIMITED group structure
M 1 Engineering Limited has no subsidiary companies.
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 m 1 engineering limited. Currently there are 2 open charges and 7 have been satisfied in the past.
m 1 engineering 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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m 1 engineering limitedCompanies House Filings - See Documents
