micromech limited

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micromech limited Company Information

Share MICROMECH LIMITED

Company Number

01597518

Shareholders

micromech holdings ltd

Group Structure

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Industry

Manufacture of other special-purpose machinery n.e.c.

 

Registered Address

3 warners mill, silks way, braintree, essex, CM7 3GB

micromech limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of MICROMECH LIMITED at £4m based on a Turnover of £6.7m and 0.59x industry multiple (adjusted for size and gross margin).

micromech limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of MICROMECH LIMITED at £3.1m based on an EBITDA of £753.2k and a 4.12x industry multiple (adjusted for size and gross margin).

micromech limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of MICROMECH LIMITED at £2.7m based on Net Assets of £1.4m and 1.96x industry multiple (adjusted for liquidity).

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Micromech Limited Overview

Micromech Limited is a live company located in braintree, CM7 3GB with a Companies House number of 01597518. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in November 1981, it's largest shareholder is micromech holdings ltd with a 100% stake. Micromech Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.7m with high growth in recent years.

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Micromech Limited Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £6.7m, make it smaller than the average company (£12.5m)

£6.7m - Micromech Limited

£12.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (5.3%)

19% - Micromech Limited

5.3% - Industry AVG

production

Production

with a gross margin of 32.2%, this company has a comparable cost of product (30.7%)

32.2% - Micromech Limited

30.7% - Industry AVG

profitability

Profitability

an operating margin of 10.6% make it more profitable than the average company (6.1%)

10.6% - Micromech Limited

6.1% - Industry AVG

employees

Employees

with 24 employees, this is below the industry average (66)

24 - Micromech Limited

66 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)

£51.9k - Micromech Limited

£51.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £280.9k, this is more efficient (£187.1k)

£280.9k - Micromech Limited

£187.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 26 days, this is earlier than average (58 days)

26 days - Micromech Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 46 days, this is close to average (42 days)

46 days - Micromech Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 88 days, this is in line with average (88 days)

88 days - Micromech Limited

88 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (13 weeks)

27 weeks - Micromech Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 53.1%, this is a similar level of debt than the average (48.5%)

53.1% - Micromech Limited

48.5% - Industry AVG

MICROMECH LIMITED financials

EXPORTms excel logo

Micromech Limited's latest turnover from December 2023 is £6.7 million and the company has net assets of £1.4 million. According to their latest financial statements, Micromech Limited has 24 employees and maintains cash reserves of £812.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,741,3414,596,7504,292,4933,972,7473,775,0174,386,9233,940,0663,197,6632,803,7243,141,0962,747,9672,705,2432,702,5212,756,4092,387,264
Other Income Or Grants
Cost Of Sales4,569,6203,293,2262,973,6822,882,3612,754,6563,120,8072,800,8492,307,4981,999,2472,295,2201,986,7301,926,3621,890,3001,987,9321,706,219
Gross Profit2,171,7211,303,5241,318,8111,090,3861,020,3611,266,1161,139,217890,165804,477845,876761,237778,881812,221768,477681,045
Admin Expenses1,455,1901,154,1381,074,127946,463932,166965,379960,034849,705768,134818,462752,564764,784806,080704,387673,533
Operating Profit716,531149,386244,684143,92388,195300,737179,18340,46036,34327,4148,67314,0976,14164,0907,512
Interest Payable3,798845522702,4871,39229112,011
Interest Receivable432
Pre-Tax Profit725,167161,863248,983144,28290,132301,658178,47539,96036,34327,3858,67314,0866,14164,522-29,109
Tax-170,566-34,203-50,138-27,539-17,594-57,673-34,660-8,402-2,667-5,463-2,475-2,340-218-12,6423,362
Profit After Tax554,601127,660198,845116,74372,538243,985143,81531,55833,67621,9226,19811,7465,92351,880-25,747
Dividends Paid168,32050,00075,00060,000180,00080,00012,00030,74220,00030,00013,010
Retained Profit386,28177,660123,845116,74312,53863,98563,81519,5582,9341,9226,19811,746-24,07738,870-25,747
Employee Costs1,244,4771,119,1551,034,223961,751962,875943,552868,527743,968576,969779,851687,469665,825646,630692,584
Number Of Employees2423222121212018141917171719
EBITDA*753,154173,628263,106176,286117,738330,606209,28570,97861,26650,82028,05933,21123,23082,46028,953

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets74,692104,30039,85447,67357,84346,87240,88447,10721,19232,91611,19115,26713,3039,36312,080
Intangible Assets13,20033,04846,24859,44872,64885,84899,048112,248125,448138,648151,848165,048
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets74,692104,30039,85460,87390,89193,120100,332119,755107,040131,964123,439140,715151,951161,211177,128
Stock & work in progress1,107,0291,285,886579,870594,072578,304523,273340,991293,073274,161218,562322,292255,544251,801230,684265,164
Trade Debtors497,661408,245667,167481,418497,895464,133684,144413,733349,429309,681300,220326,698223,270335,084311,882
Group Debtors416,951396,42354643,17534,79059,717171,257312,694192,574109,34554690,51666,80954673,941
Misc Debtors43,85766,24984,09125,03227,81125,01430,69623,93020,09421,04358,44327,18758,78442,52254,253
Cash812,647207,977367,834274,959133,958228,28775,672103,017188,713114,507124,170173,209283,65135,115
misc current assets
total current assets2,878,1452,364,7801,699,5081,418,6561,272,7581,300,4241,302,7601,043,430939,275847,344796,008824,115773,873892,487740,355
total assets2,952,8372,469,0801,739,3621,479,5291,363,6491,393,5441,403,0921,163,1851,046,315979,308919,447964,830925,8241,053,698917,483
Bank overdraft
Bank loan
Trade Creditors 577,2211,069,543426,691368,115384,812362,851401,898348,921349,825302,163293,623292,895301,647345,903305,168
Group/Directors Accounts21,38115,22221,865
other short term finances15,18016,948
hp & lease commitments9,7089,1844,3875,0345,034
other current liabilities934,382328,327367,278310,793293,675356,536376,638236,575162,289140,84293,840161,372125,362163,038128,294
total current liabilities1,521,3111,407,054815,350678,908678,487723,774793,716602,444517,148448,039402,685454,267427,009530,806433,462
loans29,40639,1114,38719,567
hp & lease commitments7,55112,585
Accruals and Deferred Income
other liabilities
provisions16,07923,1551,9122,3663,650796
total long term liabilities45,48562,2661,9122,3663,6507964,38719,5677,55112,585
total liabilities1,566,7961,469,320817,262681,274682,137724,570798,103622,011524,699460,624402,685454,267427,009530,806433,462
net assets1,386,041999,760922,100798,255681,512668,974604,989541,174521,616518,684516,762510,563498,815522,892484,021
total shareholders funds1,386,041999,760922,100798,255681,512668,974604,989541,174521,616518,684516,762510,563498,815522,892484,021
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit716,531149,386244,684143,92388,195300,737179,18340,46036,34327,4148,67314,0976,14164,0907,512
Depreciation36,62324,24218,42219,16316,34316,66916,90217,31811,72310,2066,1865,9143,8895,1708,241
Amortisation13,20013,20013,20013,20013,20013,20013,20013,20013,20013,20013,20013,200
Tax-170,566-34,203-50,138-27,539-17,594-57,673-34,660-8,402-2,667-5,463-2,475-2,340-218-12,6423,362
Stock-178,857706,016-14,20215,76855,031182,28247,91818,91255,599-103,73066,7483,74321,117-34,480265,164
Debtors87,552119,113202,179-10,87111,632-337,233135,740188,260122,02880,860-85,19295,538-29,289-61,924440,076
Creditors-492,322642,85258,576-16,69721,961-39,04752,977-90447,6628,540728-8,752-44,25640,735305,168
Accruals and Deferred Income606,055-38,95156,48517,118-62,861-20,102140,06374,28621,44747,002-67,53236,010-37,67634,744128,294
Deferred Taxes & Provisions-7,07621,243-454-1,2842,854796
Cash flow from operations780,550-60,560139,598142,987-4,565369,531184,007-71,214-49,919123,769-22,776-41,152-50,748241,701-239,463
Investing Activities
capital expenditure-7,015-88,6882,597-2,345-27,314-22,657-10,679-43,2331-31,931-2,110-7,878-7,829-2,453-198,569
Change in Investments
cash flow from investments-7,015-88,6882,597-2,345-27,314-22,657-10,679-43,2331-31,931-2,110-7,878-7,829-2,453-198,569
Financing Activities
Bank loans
Group/Directors Accounts-21,38121,381-15,22215,222-21,86521,865
Other Short Term Loans -15,180-1,76816,948
Long term loans-9,70539,111-4,387-15,18019,567
Hire Purchase and Lease Commitments5249,184-4,3874,387-12,585-5,03417,619
other long term liabilities
share issue-2121509,768
interest-3,798-845-52-270-2,487-1,392-29-11432-2,011
cash flow from financing-12,97926,06921,381-4,439-15,450-19,43522,538-5,0362,36815,223-9-21,86522,298507,757
cash and cash equivalents
cash604,670-159,85792,875141,001-94,329152,61575,672-103,017-85,69674,206-9,663-49,039-110,442248,53635,115
overdraft
change in cash604,670-159,85792,875141,001-94,329152,61575,672-103,017-85,69674,206-9,663-49,039-110,442248,53635,115

micromech limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Micromech Limited Competitor Analysis

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Perform a competitor analysis for micromech limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in CM7 area or any other competitors across 12 key performance metrics.

micromech limited Ownership

MICROMECH LIMITED group structure

Micromech Limited has no subsidiary companies.

Ultimate parent company

1 parent

MICROMECH LIMITED

01597518

MICROMECH LIMITED Shareholders

micromech holdings ltd 100%

micromech limited directors

Micromech Limited currently has 4 directors. The longest serving directors include Mr Peter Searle (Sep 2001) and Mr Jonathan Harding (Jan 2012).

officercountryagestartendrole
Mr Peter SearleEngland64 years Sep 2001- Director
Mr Jonathan HardingEngland58 years Jan 2012- Director
Mr Mark HallEngland64 years Apr 2013- Director
Mr Richard MatthewsEngland44 years Jan 2016- Director

P&L

December 2023

turnover

6.7m

+47%

operating profit

716.5k

0%

gross margin

32.3%

+13.6%

turnover

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

Balance Sheet

December 2023

net assets

1.4m

+0.39%

total assets

3m

+0.2%

cash

812.6k

+2.91%

net assets

Total assets minus all liabilities

micromech limited company details

company number

01597518

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

November 1981

age

44

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

LAMBERT CHAPMAN LLP

address

3 warners mill, silks way, braintree, essex, CM7 3GB

Bank

BARCLAYS BANK PLC

Legal Advisor

STEED & STEED SOLICITORS LLP

micromech 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 found 3 charges/mortgages relating to micromech limited. Currently there are 1 open charges and 2 have been satisfied in the past.

micromech 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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micromech limited Companies House Filings - See Documents

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