Megatech Limited

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megatech limited Company Information

Live

MatureSmallHigh

Company Number

01072252

Website

www.megatechlimited.co.uk

Registered Address

littleton drive, huntington, cannock, staffordshire, WS12 4TS

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Telephone

01543500044

Next Accounts Due

December 2024

Group Structure

View All

Directors

Quentin Jones9 Years

Benjamin White9 Years

View All

Shareholders

qatco limited 100%

megatech limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of MEGATECH LIMITED at £2.2m based on an EBITDA of £651.7k and a 3.45x industry multiple (adjusted for size and gross margin).

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Megatech Limited is a live company located in cannock, WS12 4TS with a Companies House number of 01072252. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in September 1972, it's largest shareholder is qatco limited with a 100% stake. Megatech Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with high growth in recent years.

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Pomanda's financial health check has awarded Megatech Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £4.9m, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (3.4%)

EXPORT

Megatech Limited's latest turnover from March 2023 is estimated at £4.9 million and the company has net assets of £1.3 million. According to their latest financial statements, Megatech Limited has 14 employees and maintains cash reserves of £384.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	4,949,884	3,496,545	2,747,555	2,473,441	3,244,644	3,090,375	1,994,889	2,072,106	5,422,523	3,122,241	4,520,179	3,733,315	4,024,441	3,148,748	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,675,641	2,662,095	2,071,556	1,877,358	2,487,182	2,351,421	1,492,220	1,494,232	3,989,787	2,318,949	3,342,633	2,765,435	2,919,013	2,291,486	0
Gross Profit	1,274,242	834,451	675,999	596,082	757,462	738,954	502,669	577,874	1,432,736	803,292	1,177,546	967,880	1,105,428	857,261	0
Admin Expenses	658,734	921,829	1,221,115	207,419	110,170	765,932	264,668	126,367	1,967,267	510,695	1,178,433	626,970	1,275,162	708,469	-142,416
Operating Profit	615,508	-87,378	-545,116	388,663	647,292	-26,978	238,001	451,507	-534,531	292,597	-887	340,910	-169,734	148,792	142,416
Interest Payable	0	1,688	1,525	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,392	2,888	328	266	2,939	2,278	796	830	1,301	3,160	4,396	3,288	2,144	2,013	941
Pre-Tax Profit	630,900	-86,178	-546,313	388,930	650,231	-24,700	238,796	452,336	-533,230	295,757	3,509	344,197	-167,590	150,806	143,357
Tax	-119,871	0	0	-73,897	-123,544	0	-45,371	-90,467	0	-62,109	-807	-82,607	0	-42,226	-40,140
Profit After Tax	511,029	-86,178	-546,313	315,033	526,687	-24,700	193,425	361,869	-533,230	233,648	2,702	261,590	-167,590	108,580	103,217
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	511,029	-86,178	-546,313	315,033	526,687	-24,700	193,425	361,869	-533,230	233,648	2,702	261,590	-167,590	108,580	103,217
Employee Costs	651,450	567,736	373,628	374,750	339,071	365,047	336,251	323,112	849,740	447,657	568,514	504,560	565,202	432,282	0
Number Of Employees	14	13	9	9	8	8	8	8	21	12	15	13	15	12	0
EBITDA*	651,741	-54,377	-526,451	399,428	658,873	-22,093	246,334	460,945	-525,715	303,055	13,379	356,748	-153,712	171,098	163,117

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	100,903	97,937	60,394	241,587	41,411	24,387	35,038	35,783	41,567	30,796	41,341	47,202	50,294	48,398	52,321
Intangible Assets	6,585	10,173	6,270	8,360	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	107,488	108,110	66,664	249,947	41,411	24,387	35,038	35,783	41,567	30,796	41,341	47,202	50,294	48,398	52,321
Stock & work in progress	471,653	264,834	156,155	166,635	192,761	149,825	204,037	173,832	121,028	247,853	85,275	56,136	90,330	43,490	69,620
Trade Debtors	878,571	619,799	646,708	465,080	653,313	711,811	382,563	486,334	960,439	593,075	647,174	622,991	811,279	509,757	159,192
Group Debtors	43,816	27,408	178,489	607,665	611,147	0	561,953	279,642	0	0	0	0	0	0	0
Misc Debtors	438,494	304,739	254,236	398,134	243,160	221,746	186,110	142,281	76,598	42,408	0	0	26,693	45,931	51,236
Cash	384,112	340,231	429,778	226,948	306,031	477,695	433,414	203,203	128,626	391,734	872,324	886,152	428,864	428,905	376,377
misc current assets	79,636	47,551	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,296,282	1,604,562	1,665,366	1,864,462	2,006,412	1,561,077	1,768,077	1,285,292	1,286,691	1,275,070	1,604,773	1,565,279	1,357,166	1,028,083	656,425
total assets	2,403,770	1,712,672	1,732,030	2,114,409	2,047,823	1,585,464	1,803,115	1,321,075	1,328,258	1,305,866	1,646,114	1,612,481	1,407,460	1,076,481	708,746
Bank overdraft	0	0	7,639	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	0
Trade Creditors	855,318	530,765	420,974	410,690	573,160	518,086	385,257	262,457	1,309,339	753,717	1,327,613	1,046,682	1,103,251	854,682	595,527
Group/Directors Accounts	212,905	201,865	129,646	31,819	0	113,495	512,065	231,279	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	1,681	1,833	1,833	0	0	0	0	0	0	0	0	0
other current liabilities	44,174	205,652	278,200	258,207	391,571	399,634	331,580	446,551	0	0	0	0	0	0	0
total current liabilities	1,112,397	938,282	836,459	702,397	966,564	1,033,048	1,228,902	940,287	1,309,339	753,717	1,327,613	1,046,682	1,103,251	854,682	595,527
loans	0	0	42,361	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	1,069	2,903	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	250,000	250,000	0	0
provisions	21,602	15,648	8,290	20,779	3,990	0	0	0	0	0	0	0	0	0	0
total long term liabilities	21,602	15,648	50,651	20,779	5,059	2,903	0	0	0	0	0	250,000	250,000	0	0
total liabilities	1,133,999	953,930	887,110	723,176	971,623	1,035,951	1,228,902	940,287	1,309,339	753,717	1,327,613	1,296,682	1,353,251	854,682	595,527
net assets	1,269,771	758,742	844,920	1,391,233	1,076,200	549,513	574,213	380,788	18,919	552,149	318,501	315,799	54,209	221,799	113,219
total shareholders funds	1,269,771	758,742	844,920	1,391,233	1,076,200	549,513	574,213	380,788	18,919	552,149	318,501	315,799	54,209	221,799	113,219

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	615,508	-87,378	-545,116	388,663	647,292	-26,978	238,001	451,507	-534,531	292,597	-887	340,910	-169,734	148,792	142,416
Depreciation	32,645	29,413	16,575	8,675	11,581	4,885	8,333	9,438	8,816	10,458	14,266	15,838	16,022	22,306	20,701
Amortisation	3,588	3,588	2,090	2,090	0	0	0	0	0	0	0	0	0	0	0
Tax	-119,871	0	0	-73,897	-123,544	0	-45,371	-90,467	0	-62,109	-807	-82,607	0	-42,226	-40,140
Stock	206,819	108,679	-10,480	-26,126	42,936	-54,212	30,205	52,804	-126,825	162,578	29,139	-34,194	46,840	-26,130	69,620
Debtors	408,935	-127,487	-391,446	-36,741	574,063	-197,069	222,369	-128,780	401,554	-11,691	24,183	-214,981	282,284	345,260	210,428
Creditors	324,553	109,791	10,284	-162,470	55,074	132,829	122,800	-1,046,882	555,622	-573,896	280,931	-56,569	248,569	259,155	595,527
Accruals and Deferred Income	-161,478	-72,548	19,993	-133,364	-8,063	68,054	-114,971	446,551	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,954	7,358	-12,489	16,789	3,990	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	85,145	9,032	-106,737	109,353	-30,669	430,071	-43,782	-153,877	-244,822	-483,837	240,181	466,747	-234,267	68,897	438,456
Investing Activities
capital expenditure	-35,611	-74,447	164,618	-219,301	-28,605	5,766	-7,588	-3,654	-19,587	87	-8,405	-12,746	-17,918	-18,383	-73,022
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-35,611	-74,447	164,618	-219,301	-28,605	5,766	-7,588	-3,654	-19,587	87	-8,405	-12,746	-17,918	-18,383	-73,022
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	11,040	72,219	97,827	31,819	-113,495	-398,570	280,786	231,279	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-42,361	42,361	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-1,681	-1,221	-1,834	4,736	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-250,000	0	250,000	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,002
interest	15,392	1,200	-1,197	266	2,939	2,278	796	830	1,301	3,160	4,396	3,288	2,144	2,013	941
cash flow from financing	26,432	31,058	137,310	30,864	-112,390	-391,556	281,582	232,109	1,301	3,160	-245,604	3,288	252,144	2,013	10,943
cash and cash equivalents
cash	43,881	-89,547	202,830	-79,083	-171,664	44,281	230,211	74,577	-263,108	-480,590	-13,828	457,288	-41	52,528	376,377
overdraft	0	-7,639	7,639	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	43,881	-81,908	195,191	-79,083	-171,664	44,281	230,211	74,577	-263,108	-480,590	-13,828	457,288	-41	52,528	376,377

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEGATECH LIMITED group structure

Megatech Limited has no subsidiary companies.

Ultimate parent company

QATCO LIMITED

09222998

1 parent

MEGATECH LIMITED

01072252

MEGATECH LIMITED Shareholders

qatco limited

100%

Megatech Limited currently has 5 directors. The longest serving directors include Mr Quentin Jones (Dec 2014) and Mr Benjamin White (Dec 2014).

officer	country	age	start	end	role
Mr Quentin Jones	United Kingdom	61 years	Dec 2014	-	Director
Mr Benjamin White	United Kingdom	34 years	Dec 2014	-	Director
Mr Alan Hasell	United Kingdom	61 years	Dec 2014	-	Director
Mr Shane Collis	Ireland	46 years	Feb 2023	-	Director
Mrs Emily Wheeler	England	35 years	Feb 2023	-	Director

P&L

March 2023

turnover

4.9m

+42%

operating profit

615.5k

gross margin

25.8%

+7.87%

turnover

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

Balance Sheet

March 2023

net assets

1.3m

+0.67%

total assets

2.4m

+0.4%

cash

384.1k

+0.13%

net assets

Total assets minus all liabilities

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company number

01072252

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

incorporation date

September 1972

age

accounts

Total Exemption Full

ultimate parent company

QATCO LIMITED

previous names

N/A

incorporated

address

littleton drive, huntington, cannock, staffordshire, WS12 4TS

last accounts submitted

March 2023

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 4 charges/mortgages relating to megatech limited. Currently there are 0 open charges and 4 have been satisfied in the past.

megatech limited Company Information

megatech limited Estimated Valuation

megatech limited Estimated Valuation

megatech limited Estimated Valuation

Megatech Limited Overview

Megatech Limited Health Check

MEGATECH LIMITED financials

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Megatech Limited Competitor Analysis

megatech limited Ownership

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megatech limited company details

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megatech limited Companies House Filings - See Documents