migatronic welding equipment limited
migatronic welding equipment limited Company Information
Company Number
01352109
Next Accounts
Sep 2025
Directors
Shareholders
svejsemaskinefabrikken migatronic a/s
Group Structure
View All
Industry
Non-specialised wholesale trade
Registered Address
1 sarah court, armthorpe, doncaster, DN3 3FD
Website
www.migatronic.co.ukmigatronic welding equipment limited Estimated Valuation
Pomanda estimates the enterprise value of MIGATRONIC WELDING EQUIPMENT LIMITED at £1.7m based on a Turnover of £4.8m and 0.35x industry multiple (adjusted for size and gross margin).
migatronic welding equipment limited Estimated Valuation
Pomanda estimates the enterprise value of MIGATRONIC WELDING EQUIPMENT LIMITED at £362.6k based on an EBITDA of £84k and a 4.32x industry multiple (adjusted for size and gross margin).
migatronic welding equipment limited Estimated Valuation
Pomanda estimates the enterprise value of MIGATRONIC WELDING EQUIPMENT LIMITED at £834.6k based on Net Assets of £318.7k and 2.62x industry multiple (adjusted for liquidity).
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Migatronic Welding Equipment Limited Overview
Migatronic Welding Equipment Limited is a live company located in doncaster, DN3 3FD with a Companies House number of 01352109. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in February 1978, it's largest shareholder is svejsemaskinefabrikken migatronic a/s with a 100% stake. Migatronic Welding Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with rapid growth in recent years.
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Migatronic Welding Equipment Limited Health Check
Pomanda's financial health check has awarded Migatronic Welding Equipment Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £4.8m, make it smaller than the average company (£16.2m)
- Migatronic Welding Equipment Limited
£16.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (6.3%)
- Migatronic Welding Equipment Limited
6.3% - Industry AVG
Production
with a gross margin of 27.6%, this company has a comparable cost of product (27.6%)
- Migatronic Welding Equipment Limited
27.6% - Industry AVG
Profitability
an operating margin of 1.3% make it less profitable than the average company (5.1%)
- Migatronic Welding Equipment Limited
5.1% - Industry AVG
Employees
with 6 employees, this is below the industry average (41)
6 - Migatronic Welding Equipment Limited
41 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
- Migatronic Welding Equipment Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £795.2k, this is more efficient (£376.5k)
- Migatronic Welding Equipment Limited
£376.5k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (52 days)
- Migatronic Welding Equipment Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (31 days)
- Migatronic Welding Equipment Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (78 days)
- Migatronic Welding Equipment Limited
78 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Migatronic Welding Equipment Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.2%, this is a higher level of debt than the average (47.3%)
75.2% - Migatronic Welding Equipment Limited
47.3% - Industry AVG
MIGATRONIC WELDING EQUIPMENT LIMITED financials
Migatronic Welding Equipment Limited's latest turnover from December 2023 is estimated at £4.8 million and the company has net assets of £318.7 thousand. According to their latest financial statements, Migatronic Welding Equipment Limited has 6 employees and maintains cash reserves of £71.4 thousand 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 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 967,739 | 757,717 | 1,007,871 | 1,187,117 | 959,383 | 1,183,783 | 973,137 | 842,051 | 967,467 | 1,093,347 | 800,228 | 702,585 | |||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -58,144 | -73,064 | 19,789 | 74,533 | -34,955 | -45,674 | -108,132 | 200,628 | -198,646 | ||||||
| Interest Payable | 177 | 220 | 18,659 | 15,989 | 7,544 | 7,837 | 10,207 | 8,497 | 10,175 | 10,215 | 6,594 | 16,135 | |||
| Interest Receivable | 7,204 | 12 | 2,372 | 838 | 7 | 170 | |||||||||
| Pre-Tax Profit | 19,938 | 17,214 | -50,530 | -74,133 | -80,608 | 11,952 | 64,338 | -41,080 | -55,011 | -116,934 | 194,034 | -214,611 | |||
| Tax | |||||||||||||||
| Profit After Tax | 19,938 | 17,214 | -50,530 | -74,133 | -80,608 | 11,952 | 64,338 | -41,080 | -55,011 | -116,934 | 194,034 | -214,611 | |||
| Dividends Paid | |||||||||||||||
| Retained Profit | 19,938 | 17,214 | -50,530 | -74,133 | -80,608 | 11,952 | 64,338 | -41,080 | -55,011 | -116,934 | 194,034 | -214,611 | |||
| Employee Costs | 115,264 | 98,196 | 126,886 | 206,434 | 193,653 | 184,960 | 94,971 | 90,321 | 97,468 | 119,044 | 96,985 | 218,405 | |||
| Number Of Employees | 6 | 6 | 4 | 2 | 2 | 3 | 4 | 4 | 2 | 3 | 3 | 4 | |||
| EBITDA* | -41,506 | -56,426 | 30,176 | 78,629 | -30,779 | -40,622 | -102,836 | 206,280 | -180,120 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 27,749 | 10,862 | 17,722 | 25,073 | 32,696 | 20,371 | 32,203 | 61,693 | 75,381 | 3,070 | 7,166 | 11,342 | 16,394 | 21,690 | 203,157 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 27,749 | 10,862 | 17,722 | 25,073 | 32,696 | 20,371 | 32,203 | 61,693 | 75,381 | 3,070 | 7,166 | 11,342 | 16,394 | 21,690 | 203,157 |
| Stock & work in progress | 244,534 | 272,029 | 127,965 | 89,445 | 81,894 | 108,027 | 134,349 | 98,704 | 55,053 | 32,342 | 38,743 | 35,163 | 74,710 | 76,982 | 57,773 |
| Trade Debtors | 943,099 | 423,761 | 359,316 | 288,959 | 142,088 | 186,868 | 372,483 | 274,528 | 419,050 | 208,270 | 309,653 | 187,588 | 294,980 | 296,671 | 202,958 |
| Group Debtors | 63,679 | 165,418 | 56,919 | ||||||||||||
| Misc Debtors | 1,132 | 751 | 5,365 | 1,368 | 715 | 6,433 | 8,100 | 10,096 | 1,618 | 2,841 | 11,570 | 9,078 | |||
| Cash | 71,429 | 97,076 | 115,074 | 122,611 | 53,060 | 90,765 | 15,183 | 35,639 | 19,701 | 48,061 | 37,307 | 47,506 | 69,597 | 51,954 | 57,141 |
| misc current assets | |||||||||||||||
| total current assets | 1,259,062 | 792,866 | 602,355 | 565,826 | 443,211 | 447,944 | 523,383 | 409,586 | 500,237 | 296,773 | 395,799 | 271,875 | 442,128 | 437,177 | 326,950 |
| total assets | 1,286,811 | 803,728 | 620,077 | 590,899 | 475,907 | 468,315 | 555,586 | 471,279 | 575,618 | 299,843 | 402,965 | 283,217 | 458,522 | 458,867 | 530,107 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 968,139 | 535,563 | 320,115 | 112 | 1,512 | 6,317 | 13,570 | 21,826 | 5,056 | 6,964 | 2,799 | 7,378 | 14,686 | 12,947 | 5,409 |
| Group/Directors Accounts | 543,946 | 397,613 | 392,649 | 181,519 | 352,163 | 178,866 | 287,465 | 195,196 | 489,801 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 158,888 | 62,434 | 67,251 | 87,793 | 67,430 | 112,895 | 58,294 | 59,275 | 67,165 | 71,554 | 48,973 | 27,180 | |||
| total current liabilities | 968,139 | 535,563 | 320,115 | 159,000 | 63,946 | 73,568 | 645,309 | 486,869 | 510,600 | 246,777 | 414,237 | 253,409 | 373,705 | 257,116 | 522,390 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 968,139 | 535,563 | 320,115 | 159,000 | 63,946 | 73,568 | 645,309 | 486,869 | 510,600 | 246,777 | 414,237 | 253,409 | 373,705 | 257,116 | 522,390 |
| net assets | 318,672 | 268,165 | 299,962 | 431,899 | 411,961 | 394,747 | -89,723 | -15,590 | 65,018 | 53,066 | -11,272 | 29,808 | 84,817 | 201,751 | 7,717 |
| total shareholders funds | 318,672 | 268,165 | 299,962 | 431,899 | 411,961 | 394,747 | -89,723 | -15,590 | 65,018 | 53,066 | -11,272 | 29,808 | 84,817 | 201,751 | 7,717 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -58,144 | -73,064 | 19,789 | 74,533 | -34,955 | -45,674 | -108,132 | 200,628 | -198,646 | ||||||
| Depreciation | 21,108 | 6,860 | 7,351 | 7,623 | 10,904 | 11,832 | 16,638 | 16,638 | 10,387 | 4,096 | 4,176 | 5,052 | 5,296 | 5,652 | 18,526 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -27,495 | 144,064 | 38,520 | 7,551 | -26,133 | -26,322 | 35,645 | 43,651 | 22,711 | -6,401 | 3,580 | -39,547 | -2,272 | 19,209 | 57,773 |
| Debtors | 519,338 | 64,445 | 5,546 | 45,513 | 59,105 | -124,699 | 98,608 | -150,240 | 209,113 | -103,379 | 130,543 | -108,615 | -10,420 | 96,205 | 212,036 |
| Creditors | 432,576 | 215,448 | 320,003 | -1,400 | -4,805 | -7,253 | -8,256 | 16,770 | -1,908 | 4,165 | -4,579 | -7,308 | 1,739 | 7,538 | 5,409 |
| Accruals and Deferred Income | -158,888 | 96,454 | -4,817 | -20,542 | 20,363 | -45,465 | 54,601 | -981 | -7,890 | -4,389 | 22,581 | 21,793 | 27,180 | ||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -163,652 | 21,468 | -148,955 | 191,593 | -177,371 | 95,843 | -65,824 | 120,197 | -417,340 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 15,225 | 175,815 | |||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | 15,225 | 175,815 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -543,946 | 146,333 | 4,964 | 211,130 | -170,644 | 173,297 | -108,599 | 92,269 | -294,605 | 489,801 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -177 | 6,984 | -18,659 | -15,989 | -7,544 | -7,837 | -10,195 | -6,125 | -9,337 | -10,208 | -6,594 | -15,965 | |||
| cash flow from financing | -177 | 6,984 | -27,605 | 130,344 | -2,580 | 203,293 | -180,839 | 167,172 | -117,934 | 82,061 | -301,199 | 696,164 | |||
| cash and cash equivalents | |||||||||||||||
| cash | -25,647 | -17,998 | -7,537 | 69,551 | -37,705 | 75,582 | -20,456 | 15,938 | -28,360 | 10,754 | -10,199 | -22,091 | 17,643 | -5,187 | 57,141 |
| overdraft | |||||||||||||||
| change in cash | -25,647 | -17,998 | -7,537 | 69,551 | -37,705 | 75,582 | -20,456 | 15,938 | -28,360 | 10,754 | -10,199 | -22,091 | 17,643 | -5,187 | 57,141 |
migatronic welding equipment limited Credit Report and Business Information
Migatronic Welding Equipment Limited Competitor Analysis
Perform a competitor analysis for migatronic welding equipment limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in DN3 area or any other competitors across 12 key performance metrics.
migatronic welding equipment limited Ownership
MIGATRONIC WELDING EQUIPMENT LIMITED group structure
Migatronic Welding Equipment Limited has no subsidiary companies.
Ultimate parent company
SVEJSEMASKINE-FABRIKKEN MIGATRONIC AS
#0010065
1 parent
MIGATRONIC WELDING EQUIPMENT LIMITED
01352109
migatronic welding equipment limited directors
Migatronic Welding Equipment Limited currently has 1 director, Mr Kristian Madsen serving since Dec 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kristian Madsen | England | 54 years | Dec 2020 | - | Director |
P&L
December 2023turnover
4.8m
+85%
operating profit
62.9k
0%
gross margin
27.6%
-0.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
318.7k
+0.19%
total assets
1.3m
+0.6%
cash
71.4k
-0.26%
net assets
Total assets minus all liabilities
migatronic welding equipment limited company details
company number
01352109
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
February 1978
age
47
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
PAGE KIRK LLP
auditor
-
address
1 sarah court, armthorpe, doncaster, DN3 3FD
Bank
BARCLAYS BANK PLC
Legal Advisor
-
migatronic welding equipment 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 did not find charges/mortgages relating to migatronic welding equipment limited.
migatronic welding equipment 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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migatronic welding equipment limited Companies House Filings - See Documents
| date | description | view/download |
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