
Company Number
01597518
Next Accounts
Sep 2025
Shareholders
micromech holdings ltd
Group Structure
View All
Industry
Manufacture of other special-purpose machinery n.e.c.
Registered Address
3 warners mill, silks way, braintree, essex, CM7 3GB
Website
www.micromech.co.ukPomanda 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).
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).
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 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.
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
5 Strong
5 Regular
2 Weak
Size
annual sales of £6.7m, make it smaller than the average company (£12.5m)
£6.7m - Micromech Limited
£12.5m - Industry AVG
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
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
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
with 24 employees, this is below the industry average (66)
24 - Micromech Limited
66 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
- Micromech Limited
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £280.9k, this is more efficient (£187.1k)
£280.9k - Micromech Limited
£187.1k - Industry AVG
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
Creditor Days
its suppliers are paid after 46 days, this is close to average (42 days)
46 days - Micromech Limited
42 days - Industry AVG
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
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
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'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 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 | 6,741,341 | 4,596,750 | 4,292,493 | 3,972,747 | 3,775,017 | 4,386,923 | 3,940,066 | 3,197,663 | 2,803,724 | 3,141,096 | 2,747,967 | 2,705,243 | 2,702,521 | 2,756,409 | 2,387,264 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | 4,569,620 | 3,293,226 | 2,973,682 | 2,882,361 | 2,754,656 | 3,120,807 | 2,800,849 | 2,307,498 | 1,999,247 | 2,295,220 | 1,986,730 | 1,926,362 | 1,890,300 | 1,987,932 | 1,706,219 |
Gross Profit | 2,171,721 | 1,303,524 | 1,318,811 | 1,090,386 | 1,020,361 | 1,266,116 | 1,139,217 | 890,165 | 804,477 | 845,876 | 761,237 | 778,881 | 812,221 | 768,477 | 681,045 |
Admin Expenses | 768,134 | 818,462 | 752,564 | 764,784 | 806,080 | 704,387 | 673,533 | ||||||||
Operating Profit | 36,343 | 27,414 | 8,673 | 14,097 | 6,141 | 64,090 | 7,512 | ||||||||
Interest Payable | 3,798 | 845 | 52 | 270 | 2,487 | 1,392 | 29 | 11 | 2,011 | ||||||
Interest Receivable | 432 | ||||||||||||||
Pre-Tax Profit | 725,167 | 161,863 | 248,983 | 144,282 | 90,132 | 301,658 | 178,475 | 39,960 | 36,343 | 27,385 | 8,673 | 14,086 | 6,141 | 64,522 | -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 | -12,642 | 3,362 |
Profit After Tax | 554,601 | 127,660 | 198,845 | 116,743 | 72,538 | 243,985 | 143,815 | 31,558 | 33,676 | 21,922 | 6,198 | 11,746 | 5,923 | 51,880 | -25,747 |
Dividends Paid | 168,320 | 50,000 | 75,000 | 60,000 | 180,000 | 80,000 | 12,000 | 30,742 | 20,000 | 30,000 | 13,010 | ||||
Retained Profit | 386,281 | 77,660 | 123,845 | 116,743 | 12,538 | 63,985 | 63,815 | 19,558 | 2,934 | 1,922 | 6,198 | 11,746 | -24,077 | 38,870 | -25,747 |
Employee Costs | |||||||||||||||
Number Of Employees | 24 | 23 | 22 | 21 | 21 | 21 | 20 | 18 | 14 | ||||||
EBITDA* | 61,266 | 50,820 | 28,059 | 33,211 | 23,230 | 82,460 | 28,953 |
* 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 | 74,692 | 104,300 | 39,854 | 47,673 | 57,843 | 46,872 | 40,884 | 47,107 | 21,192 | 32,916 | 11,191 | 15,267 | 13,303 | 9,363 | 12,080 |
Intangible Assets | 13,200 | 33,048 | 46,248 | 59,448 | 72,648 | 85,848 | 99,048 | 112,248 | 125,448 | 138,648 | 151,848 | 165,048 | |||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 74,692 | 104,300 | 39,854 | 60,873 | 90,891 | 93,120 | 100,332 | 119,755 | 107,040 | 131,964 | 123,439 | 140,715 | 151,951 | 161,211 | 177,128 |
Stock & work in progress | 1,107,029 | 1,285,886 | 579,870 | 594,072 | 578,304 | 523,273 | 340,991 | 293,073 | 274,161 | 218,562 | 322,292 | 255,544 | 251,801 | 230,684 | 265,164 |
Trade Debtors | 497,661 | 408,245 | 667,167 | 481,418 | 497,895 | 464,133 | 684,144 | 413,733 | 349,429 | 309,681 | 300,220 | 326,698 | 223,270 | 335,084 | 311,882 |
Group Debtors | 416,951 | 396,423 | 546 | 43,175 | 34,790 | 59,717 | 171,257 | 312,694 | 192,574 | 109,345 | 546 | 90,516 | 66,809 | 546 | 73,941 |
Misc Debtors | 43,857 | 66,249 | 84,091 | 25,032 | 27,811 | 25,014 | 30,696 | 23,930 | 20,094 | 21,043 | 58,443 | 27,187 | 58,784 | 42,522 | 54,253 |
Cash | 812,647 | 207,977 | 367,834 | 274,959 | 133,958 | 228,287 | 75,672 | 103,017 | 188,713 | 114,507 | 124,170 | 173,209 | 283,651 | 35,115 | |
misc current assets | |||||||||||||||
total current assets | 2,878,145 | 2,364,780 | 1,699,508 | 1,418,656 | 1,272,758 | 1,300,424 | 1,302,760 | 1,043,430 | 939,275 | 847,344 | 796,008 | 824,115 | 773,873 | 892,487 | 740,355 |
total assets | 2,952,837 | 2,469,080 | 1,739,362 | 1,479,529 | 1,363,649 | 1,393,544 | 1,403,092 | 1,163,185 | 1,046,315 | 979,308 | 919,447 | 964,830 | 925,824 | 1,053,698 | 917,483 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 577,221 | 1,069,543 | 426,691 | 368,115 | 384,812 | 362,851 | 401,898 | 348,921 | 349,825 | 302,163 | 293,623 | 292,895 | 301,647 | 345,903 | 305,168 |
Group/Directors Accounts | 21,381 | 15,222 | 21,865 | ||||||||||||
other short term finances | 15,180 | 16,948 | |||||||||||||
hp & lease commitments | 9,708 | 9,184 | 4,387 | 5,034 | 5,034 | ||||||||||
other current liabilities | 934,382 | 328,327 | 367,278 | 310,793 | 293,675 | 356,536 | 376,638 | 236,575 | 162,289 | 140,842 | 93,840 | 161,372 | 125,362 | 163,038 | 128,294 |
total current liabilities | 1,521,311 | 1,407,054 | 815,350 | 678,908 | 678,487 | 723,774 | 793,716 | 602,444 | 517,148 | 448,039 | 402,685 | 454,267 | 427,009 | 530,806 | 433,462 |
loans | 29,406 | 39,111 | 4,387 | 19,567 | |||||||||||
hp & lease commitments | 7,551 | 12,585 | |||||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | |||||||||||||||
provisions | 16,079 | 23,155 | 1,912 | 2,366 | 3,650 | 796 | |||||||||
total long term liabilities | 45,485 | 62,266 | 1,912 | 2,366 | 3,650 | 796 | 4,387 | 19,567 | 7,551 | 12,585 | |||||
total liabilities | 1,566,796 | 1,469,320 | 817,262 | 681,274 | 682,137 | 724,570 | 798,103 | 622,011 | 524,699 | 460,624 | 402,685 | 454,267 | 427,009 | 530,806 | 433,462 |
net assets | 1,386,041 | 999,760 | 922,100 | 798,255 | 681,512 | 668,974 | 604,989 | 541,174 | 521,616 | 518,684 | 516,762 | 510,563 | 498,815 | 522,892 | 484,021 |
total shareholders funds | 1,386,041 | 999,760 | 922,100 | 798,255 | 681,512 | 668,974 | 604,989 | 541,174 | 521,616 | 518,684 | 516,762 | 510,563 | 498,815 | 522,892 | 484,021 |
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 | 36,343 | 27,414 | 8,673 | 14,097 | 6,141 | 64,090 | 7,512 | ||||||||
Depreciation | 36,623 | 24,242 | 18,422 | 19,163 | 16,343 | 16,669 | 16,902 | 17,318 | 11,723 | 10,206 | 6,186 | 5,914 | 3,889 | 5,170 | 8,241 |
Amortisation | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | 13,200 | |||
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 | -12,642 | 3,362 |
Stock | -178,857 | 706,016 | -14,202 | 15,768 | 55,031 | 182,282 | 47,918 | 18,912 | 55,599 | -103,730 | 66,748 | 3,743 | 21,117 | -34,480 | 265,164 |
Debtors | 87,552 | 119,113 | 202,179 | -10,871 | 11,632 | -337,233 | 135,740 | 188,260 | 122,028 | 80,860 | -85,192 | 95,538 | -29,289 | -61,924 | 440,076 |
Creditors | -492,322 | 642,852 | 58,576 | -16,697 | 21,961 | -39,047 | 52,977 | -904 | 47,662 | 8,540 | 728 | -8,752 | -44,256 | 40,735 | 305,168 |
Accruals and Deferred Income | 606,055 | -38,951 | 56,485 | 17,118 | -62,861 | -20,102 | 140,063 | 74,286 | 21,447 | 47,002 | -67,532 | 36,010 | -37,676 | 34,744 | 128,294 |
Deferred Taxes & Provisions | -7,076 | 21,243 | -454 | -1,284 | 2,854 | 796 | |||||||||
Cash flow from operations | -49,919 | 123,769 | -22,776 | -41,152 | -50,748 | 241,701 | -239,463 | ||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | -21,381 | 21,381 | -15,222 | 15,222 | -21,865 | 21,865 | |||||||||
Other Short Term Loans | -15,180 | -1,768 | 16,948 | ||||||||||||
Long term loans | -9,705 | 39,111 | -4,387 | -15,180 | 19,567 | ||||||||||
Hire Purchase and Lease Commitments | 524 | 9,184 | -4,387 | 4,387 | -12,585 | -5,034 | 17,619 | ||||||||
other long term liabilities | |||||||||||||||
share issue | |||||||||||||||
interest | -3,798 | -845 | -52 | -270 | -2,487 | -1,392 | -29 | -11 | 432 | -2,011 | |||||
cash flow from financing | -12,979 | 26,069 | 21,381 | -4,439 | -15,450 | -19,435 | 22,538 | -5,036 | 2,368 | 15,223 | -9 | -21,865 | 22,298 | 507,757 | |
cash and cash equivalents | |||||||||||||||
cash | 604,670 | -159,857 | 92,875 | 141,001 | -94,329 | 152,615 | 75,672 | -103,017 | -85,696 | 74,206 | -9,663 | -49,039 | -110,442 | 248,536 | 35,115 |
overdraft | |||||||||||||||
change in cash | 604,670 | -159,857 | 92,875 | 141,001 | -94,329 | 152,615 | 75,672 | -103,017 | -85,696 | 74,206 | -9,663 | -49,039 | -110,442 | 248,536 | 35,115 |
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 group structure
Micromech Limited has no subsidiary companies.
Micromech Limited currently has 4 directors. The longest serving directors include Mr Peter Searle (Sep 2001) and Mr Jonathan Harding (Jan 2012).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Peter Searle | England | 64 years | Sep 2001 | - | Director |
Mr Jonathan Harding | England | 58 years | Jan 2012 | - | Director |
Mr Mark Hall | England | 64 years | Apr 2013 | - | Director |
Mr Richard Matthews | England | 44 years | Jan 2016 | - | Director |
P&L
December 2023turnover
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 2023net assets
1.4m
+0.39%
total assets
3m
+0.2%
cash
812.6k
+2.91%
net assets
Total assets minus all liabilities
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
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.
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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