Mag 2020 Limited

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mag 2020 limited Company Information

Live

MatureMidHealthy

Company Number

01362671

Website

www.mechtechautomationgroup.com

Registered Address

57 melchett road, kings norton business centre, birmingham, B30 3HP

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

Telephone

03302235333

Next Accounts Due

December 2025

Group Structure

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Directors

Tony Parker-Watkins1 Years

Shareholders

mechtech automation group 100%

mag 2020 limited Estimated Valuation

£16.9m

Pomanda estimates the enterprise value of MAG 2020 LIMITED at £16.9m based on a Turnover of £10.8m and 1.56x industry multiple (adjusted for size and gross margin).

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Mag 2020 Limited is a live company located in birmingham, B30 3HP with a Companies House number of 01362671. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 1978, it's largest shareholder is mechtech automation group with a 100% stake. Mag 2020 Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mag 2020 Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £10.8m, make it smaller than the average company (£20m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (10.5%)

EXPORT

Mag 2020 Limited's latest turnover from March 2024 is estimated at £10.8 million and the company has net assets of £225.5 thousand. According to their latest financial statements, we estimate that Mag 2020 Limited has 57 employees and maintains cash reserves of £4.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	10,834,269	10,453,643	6,957,214	7,272,206	7,815,181	5,376,541	6,000,609	5,014,044	113,242	2,523,930	1,129,812	416,348	184,091	254,395	83,811
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,214,532	6,792,904	4,535,658	4,843,429	5,154,696	3,579,616	4,002,449	3,314,043	75,773	1,711,084	768,491	285,710	124,063	170,549	56,277
Gross Profit	3,619,737	3,660,739	2,421,556	2,428,776	2,660,486	1,796,926	1,998,160	1,700,001	37,468	812,846	361,321	130,638	60,027	83,846	27,534
Admin Expenses	3,615,899	3,662,048	2,422,521	2,669,779	5,878,579	1,519,062	754,199	-788,104	-29,400	698,496	351,368	141,061	54,064	66,727	-69,545
Operating Profit	3,838	-1,309	-965	-241,003	-3,218,093	277,864	1,243,961	2,488,105	66,868	114,350	9,953	-10,423	5,963	17,119	97,079
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	262	2,692	905	126	1,223	18,749	12,296	3,341	3,152	3,921	2,417	1,185	1,244	1,218	609
Pre-Tax Profit	4,100	1,383	-60	-240,877	-3,216,870	296,614	1,256,257	2,491,446	70,020	118,271	12,370	-9,238	7,207	18,338	97,688
Tax	-1,025	-263	0	0	0	-56,357	-238,689	-498,289	-14,004	-24,837	-2,845	0	-1,874	-5,134	-27,352
Profit After Tax	3,075	1,120	-60	-240,877	-3,216,870	240,257	1,017,568	1,993,157	56,016	93,434	9,525	-9,238	5,333	13,203	70,335
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,075	1,120	-60	-240,877	-3,216,870	240,257	1,017,568	1,993,157	56,016	93,434	9,525	-9,238	5,333	13,203	70,335
Employee Costs	2,477,957	2,467,662	156,201	149,595	36,835	1,810,085	2,010,473	1,887,147	32,920	556,155	259,229	97,211	65,077	65,472	33,156
Number Of Employees	57	59	4	4	1	43	42	50	1	17	8	3	2	2	1
EBITDA*	3,838	-1,309	-965	-241,003	-3,218,093	353,584	1,284,133	2,488,105	66,868	114,350	9,953	-10,423	5,963	17,119	103,604

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	46,658	170,525	156,194	0	0	0	0	0	0	19,575
Intangible Assets	0	0	0	0	0	190,876	41,167	0	0	0	0	0	0	0	0
Investments & Other	100,720	100,720	100,720	100,720	100,720	0	0	0	190	90	90	90	90	90	90
Debtors (Due After 1 year)	0	0	0	0	0	9,000	14,000	3,000	0	0	0	0	0	0	0
Total Fixed Assets	100,720	100,720	100,720	100,720	100,720	246,534	225,692	159,194	190	90	90	90	90	90	19,665
Stock & work in progress	0	0	0	0	0	269,047	46,977	19,034	0	0	0	0	0	0	0
Trade Debtors	1,601,700	1,600,000	1,600,000	1,600,000	1,844,612	1,173,429	1,430,145	991,045	0	0	5,603	75,891	32,807	46,065	8,563
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	728,506	534,264	91,387	0	0	0	0	0	0	0
Cash	4,391	6,103	120,571	120,631	131,458	2,315,074	2,684,776	2,233,486	439,427	821,531	746,878	220,042	253,848	243,775	243,504
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,606,091	1,606,103	1,720,571	1,720,631	1,976,070	4,486,056	4,696,162	3,334,952	439,427	821,531	752,481	295,933	286,655	289,840	252,067
total assets	1,706,811	1,706,823	1,821,291	1,821,351	2,076,790	4,732,590	4,921,854	3,494,146	439,617	821,621	752,571	296,023	286,745	289,930	271,732
Bank overdraft	0	0	0	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	1,481,325	1,484,412	1,600,000	1,600,000	1,614,562	253,966	508,012	340,260	21,009	459,028	483,413	36,390	17,874	26,392	21,397
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	751,626	968,001	729,446	0	1	0	0	0	0	0
total current liabilities	1,481,325	1,484,412	1,600,000	1,600,000	1,614,562	1,005,592	1,476,013	1,069,706	21,009	459,029	483,413	36,390	17,874	26,392	21,397
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	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	6,900	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	41,000	7,000	12,650	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	47,900	7,000	12,650	0	0	0	0	0	0	0
total liabilities	1,481,325	1,484,412	1,600,000	1,600,000	1,614,562	1,053,492	1,483,013	1,082,356	21,009	459,029	483,413	36,390	17,874	26,392	21,397
net assets	225,486	222,411	221,291	221,351	462,228	3,679,098	3,438,841	2,411,790	418,608	362,592	269,158	259,633	268,871	263,538	250,335
total shareholders funds	225,486	222,411	221,291	221,351	462,228	3,679,098	3,438,841	2,411,790	418,608	362,592	269,158	259,633	268,871	263,538	250,335

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	3,838	-1,309	-965	-241,003	-3,218,093	277,864	1,243,961	2,488,105	66,868	114,350	9,953	-10,423	5,963	17,119	97,079
Depreciation	0	0	0	0	0	25,429	29,880	0	0	0	0	0	0	0	6,525
Amortisation	0	0	0	0	0	50,291	10,292	0	0	0	0	0	0	0	0
Tax	-1,025	-263	0	0	0	-56,357	-238,689	-498,289	-14,004	-24,837	-2,845	0	-1,874	-5,134	-27,352
Stock	0	0	0	0	-269,047	222,070	27,943	19,034	0	0	0	0	0	0	0
Debtors	1,700	0	0	-244,612	-66,323	-67,474	892,977	1,085,432	0	-5,603	-70,288	43,084	-13,258	37,502	8,563
Creditors	-3,087	-115,588	0	-14,562	1,360,596	-254,046	167,752	319,251	-438,019	-24,385	447,023	18,516	-8,518	4,995	21,397
Accruals and Deferred Income	0	0	0	0	-751,626	-216,375	238,555	729,446	-1	1	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-41,000	34,000	-5,650	12,650	0	0	0	0	0	0	0
Cash flow from operations	-1,974	-117,160	-965	-10,953	-2,314,753	-293,790	525,181	1,946,697	-385,156	70,732	524,419	-34,991	8,829	-20,522	89,086
Investing Activities
capital expenditure	0	0	0	0	237,534	-101,562	-95,670	-156,194	0	0	0	0	0	19,575	-26,100
Change in Investments	0	0	0	0	100,720	0	0	-190	100	0	0	0	0	0	90
cash flow from investments	0	0	0	0	136,814	-101,562	-95,670	-156,004	-100	0	0	0	0	19,575	-26,190
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-6,900	6,900	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	9,483	25	0	0	0	0	0	0	180,000
interest	262	2,692	905	126	1,223	18,749	12,296	3,341	3,152	3,921	2,417	1,185	1,244	1,218	609
cash flow from financing	262	2,692	905	126	-5,677	25,649	21,779	3,366	3,152	3,921	2,417	1,185	1,244	1,218	180,609
cash and cash equivalents
cash	-1,712	-114,468	-60	-10,827	-2,183,616	-369,702	451,290	1,794,059	-382,104	74,653	526,836	-33,806	10,073	271	243,504
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,712	-114,468	-60	-10,827	-2,183,616	-369,702	451,290	1,794,059	-382,104	74,653	526,836	-33,806	10,073	271	243,504

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MAG 2020 LIMITED group structure

Mag 2020 Limited has 2 subsidiary companies.

Ultimate parent company

MECHTECH AUTOMATION GROUP LIMITED

12493937

1 parent

MAG 2020 LIMITED

01362671

2 subsidiaries

ROBOPOD LIMITED

09768798

MECHATRONIC PRODUCTION SYSTEMS LIMITED

01309678

MAG 2020 LIMITED Shareholders

mechtech automation group

100%

Mag 2020 Limited currently has 1 director, Mr Tony Parker-Watkins serving since Nov 2022.

officer	country	age	start	end	role
Mr Tony Parker-Watkins		47 years	Nov 2022	-	Director

P&L

March 2024

turnover

10.8m

+4%

operating profit

3.8k

gross margin

33.5%

-4.59%

turnover

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

Balance Sheet

March 2024

net assets

225.5k

+0.01%

total assets

1.7m

cash

4.4k

-0.28%

net assets

Total assets minus all liabilities

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company number

01362671

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

April 1978

age

accounts

Total Exemption Full

ultimate parent company

MECHTECH AUTOMATION GROUP LIMITED

previous names

mechtech automation group limited (July 2020)

mechtec automation group limited (September 2017)

incorporated

address

57 melchett road, kings norton business centre, birmingham, B30 3HP

last accounts submitted

March 2024

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 mag 2020 limited. Currently there are 2 open charges and 7 have been satisfied in the past.

mag 2020 limited Company Information

mag 2020 limited Estimated Valuation

mag 2020 limited Estimated Valuation

mag 2020 limited Estimated Valuation

Mag 2020 Limited Overview

Mag 2020 Limited Health Check

MAG 2020 LIMITED financials

mag 2020 limited Credit Report and Business Information

Mag 2020 Limited Competitor Analysis

mag 2020 limited Ownership

mag 2020 limited directors

mag 2020 limited company details

mag 2020 limited Charges & Mortgages

mag 2020 limited Companies House Filings - See Documents