metrics engineering co limited

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metrics engineering co limited Company Information

Share METRICS ENGINEERING CO LIMITED

Company Number

01768761

Shareholders

metrics engineering holding company ltd

julie helen sandrey

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Group Structure

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Industry

Machining

 

Registered Address

107 north street, martock, somerset, TA12 6EJ

metrics engineering co limited Estimated Valuation

£238.6k

Pomanda estimates the enterprise value of METRICS ENGINEERING CO LIMITED at £238.6k based on a Turnover of £731.7k and 0.33x industry multiple (adjusted for size and gross margin).

metrics engineering co limited Estimated Valuation

£140.8k

Pomanda estimates the enterprise value of METRICS ENGINEERING CO LIMITED at £140.8k based on an EBITDA of £54.9k and a 2.56x industry multiple (adjusted for size and gross margin).

metrics engineering co limited Estimated Valuation

£974.6k

Pomanda estimates the enterprise value of METRICS ENGINEERING CO LIMITED at £974.6k based on Net Assets of £579.1k and 1.68x industry multiple (adjusted for liquidity).

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Metrics Engineering Co Limited Overview

Metrics Engineering Co Limited is a live company located in somerset, TA12 6EJ with a Companies House number of 01768761. It operates in the machining sector, SIC Code 25620. Founded in November 1983, it's largest shareholder is metrics engineering holding company ltd with a 99.9% stake. Metrics Engineering Co Limited is a mature, small sized company, Pomanda has estimated its turnover at £731.7k with declining growth in recent years.

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Metrics Engineering Co Limited Health Check

Pomanda's financial health check has awarded Metrics Engineering Co Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £731.7k, make it smaller than the average company (£10m)

£731.7k - Metrics Engineering Co Limited

£10m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.4%)

-3% - Metrics Engineering Co Limited

6.4% - Industry AVG

production

Production

with a gross margin of 18.1%, this company has a higher cost of product (28.5%)

18.1% - Metrics Engineering Co Limited

28.5% - Industry AVG

profitability

Profitability

an operating margin of 3.5% make it less profitable than the average company (6.5%)

3.5% - Metrics Engineering Co Limited

6.5% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (80)

13 - Metrics Engineering Co Limited

80 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.8k, the company has an equivalent pay structure (£45.8k)

£45.8k - Metrics Engineering Co Limited

£45.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £56.3k, this is less efficient (£142k)

£56.3k - Metrics Engineering Co Limited

£142k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 65 days, this is near the average (61 days)

65 days - Metrics Engineering Co Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 75 days, this is slower than average (47 days)

75 days - Metrics Engineering Co Limited

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 106 days, this is more than average (68 days)

106 days - Metrics Engineering Co Limited

68 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (13 weeks)

45 weeks - Metrics Engineering Co Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 35.1%, this is a lower level of debt than the average (48.6%)

35.1% - Metrics Engineering Co Limited

48.6% - Industry AVG

METRICS ENGINEERING CO LIMITED financials

EXPORTms excel logo

Metrics Engineering Co Limited's latest turnover from February 2024 is estimated at £731.7 thousand and the company has net assets of £579.1 thousand. According to their latest financial statements, Metrics Engineering Co Limited has 13 employees and maintains cash reserves of £234.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover731,662691,675703,840811,853652,980757,910700,228730,553499,8491,085,057973,1091,150,8221,263,9491,170,766580,541
Other Income Or Grants
Cost Of Sales599,049575,069583,517677,100522,362610,454550,692567,135382,928837,144753,949900,024974,565900,774448,734
Gross Profit132,613116,606120,323134,753130,617147,455149,536163,418116,921247,913219,161250,798289,384269,991131,808
Admin Expenses106,811138,213179,812150,656176,108150,808389,860157,352138,632218,573104,982115,319204,680279,554-780,081
Operating Profit25,802-21,607-59,489-15,903-45,491-3,353-240,3246,066-21,71129,340114,179135,47984,704-9,563911,889
Interest Payable1,3971,311
Interest Receivable11,3335,7978212081,6941,9221,5851,0442,2772,2881,9751,6681,6631,555700
Pre-Tax Profit37,135-15,810-60,066-17,006-43,797-1,431-238,7397,110-19,43431,628116,155137,14786,368-8,008912,589
Tax-9,284-1,422-6,642-26,716-32,915-22,456-255,525
Profit After Tax27,851-15,810-60,066-17,006-43,797-1,431-238,7395,688-19,43424,98689,439104,23263,912-8,008657,064
Dividends Paid
Retained Profit27,851-15,810-60,066-17,006-43,797-1,431-238,7395,688-19,43424,98689,439104,23263,912-8,008657,064
Employee Costs595,346519,289464,803480,230480,597458,629453,474434,108139,602240,596203,869246,657234,866261,605132,321
Number Of Employees13121112121212124767784
EBITDA*54,9368,862-25,00324,248-7,56837,305-209,47047,70223,26670,928161,004174,298128,82632,777955,089

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets246,365237,499253,478287,964328,116326,545336,759345,519375,799416,150383,587427,807326,866360,810319,196
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets246,365237,499253,478287,964328,116326,545336,759345,519375,799416,150383,587427,807326,866360,810319,196
Stock & work in progress175,503188,807155,479101,451103,755109,894100,976142,446151,337137,233153,724166,168151,969145,372130,913
Trade Debtors130,528143,546198,575255,830154,650176,640189,846213,391139,884296,223272,965312,505404,848345,876160,227
Group Debtors101,285101,285101,285
Misc Debtors4,4332,5463,2053,639107,146104,016103,694104,622114,194
Cash234,688197,03692,828235,379180,209271,562241,055393,120441,794469,121446,140343,881323,420341,959279,846
misc current assets
total current assets646,437633,220551,372596,299545,760662,112635,571853,579847,209902,577872,829822,554880,237833,207570,986
total assets892,802870,719804,850884,263873,876988,657972,3301,199,0981,223,0081,318,7271,256,4161,250,3611,207,1031,194,017890,182
Bank overdraft
Bank loan
Trade Creditors 123,413126,070108,37399,23597,578208,705129,060103,91687,137306,380276,139347,431411,813439,450127,934
Group/Directors Accounts4,5004,5004,5004,500
other short term finances
hp & lease commitments
other current liabilities140,721145,89879,34558,85973,67735,45696,597109,569148,741
total current liabilities268,634276,468192,218162,594171,255244,161225,657213,485235,878306,380276,139347,431411,813439,450127,934
loans42,991
hp & lease commitments
Accruals and Deferred Income
other liabilities19,21345,836
provisions45,07243,00645,57751,56258,49956,57757,31857,51964,72470,50963,42575,51772,10976,08549,135
total long term liabilities45,07243,00645,57794,55358,49956,57757,31857,51964,72470,50963,42575,51772,10995,29894,971
total liabilities313,706319,474237,795257,147229,754300,738282,975271,004300,602376,889339,564422,948483,922534,748222,905
net assets579,096551,245567,055627,116644,122687,919689,355928,094922,406941,838916,852827,413723,181659,269667,277
total shareholders funds579,096551,245567,055627,116644,122687,919689,355928,094922,406941,838916,852827,413723,181659,269667,277
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit25,802-21,607-59,489-15,903-45,491-3,353-240,3246,066-21,71129,340114,179135,47984,704-9,563911,889
Depreciation29,13430,46934,48640,15137,92340,65830,85441,63644,97741,58846,82538,81944,12242,34043,200
Amortisation
Tax-9,284-1,422-6,642-26,716-32,915-22,456-255,525
Stock-13,30433,32854,028-2,304-6,1398,918-41,470-8,89114,104-16,491-12,44414,1996,59714,459130,913
Debtors-11,131-55,68843,596-2,327-18,860-12,884-24,47363,935-42,14523,258-39,540-92,34358,972185,649160,227
Creditors-2,65717,6979,1381,657-111,12779,64525,14416,779-219,24330,241-71,292-64,382-27,637311,516127,934
Accruals and Deferred Income-5,17766,55320,486-14,81838,221-61,141-12,972-39,172148,741
Deferred Taxes & Provisions2,066-2,571-5,985-6,9371,922-741-201-7,205-5,7857,084-12,0923,408-3,97626,95049,135
Cash flow from operations64,319112,901-98,9888,781-53,55359,034-131,556-38,362-24,98094,844102,888158,5539,188171,135585,493
Investing Activities
capital expenditure-38,000-14,4901-39,494-30,444-22,094-11,356-4,626-74,151-2,605-139,760-10,178-83,954-362,396
Change in Investments
cash flow from investments-38,000-14,4901-39,494-30,444-22,094-11,356-4,626-74,151-2,605-139,760-10,178-83,954-362,396
Financing Activities
Bank loans
Group/Directors Accounts4,500
Other Short Term Loans
Long term loans-42,99142,991
Hire Purchase and Lease Commitments
other long term liabilities-19,213-26,62345,836
share issue5-5210,213
interest11,3335,797-576-1,1031,6941,9221,5851,0442,2772,2881,9751,6681,6631,555700
cash flow from financing11,3335,797-43,56246,3881,6941,9171,5851,0442,2792,2881,9751,668-17,550-25,06856,749
cash and cash equivalents
cash37,652104,208-142,55155,170-91,35330,507-152,065-48,674-27,32722,981102,25920,461-18,53962,113279,846
overdraft
change in cash37,652104,208-142,55155,170-91,35330,507-152,065-48,674-27,32722,981102,25920,461-18,53962,113279,846

metrics engineering co 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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Metrics Engineering Co Limited Competitor Analysis

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Perform a competitor analysis for metrics engineering co limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in TA12 area or any other competitors across 12 key performance metrics.

metrics engineering co limited Ownership

METRICS ENGINEERING CO LIMITED group structure

Metrics Engineering Co Limited has no subsidiary companies.

Ultimate parent company

1 parent

METRICS ENGINEERING CO LIMITED

01768761

METRICS ENGINEERING CO LIMITED Shareholders

metrics engineering holding company ltd 99.88%
julie helen sandrey 0.05%
julian martin sandrey 0.05%
mark edwin sandrey 0.02%

metrics engineering co limited directors

Metrics Engineering Co Limited currently has 2 directors. The longest serving directors include Mr Julian Sandrey (Jan 2004) and Mrs Julie Sandrey (May 2006).

officercountryagestartendrole
Mr Julian SandreyEngland55 years Jan 2004- Director
Mrs Julie SandreyEngland56 years May 2006- Director

P&L

February 2024

turnover

731.7k

+6%

operating profit

25.8k

0%

gross margin

18.2%

+7.51%

turnover

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

Balance Sheet

February 2024

net assets

579.1k

+0.05%

total assets

892.8k

+0.03%

cash

234.7k

+0.19%

net assets

Total assets minus all liabilities

metrics engineering co limited company details

company number

01768761

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

November 1983

age

42

incorporated

UK

accounts

Unaudited Abridged

last accounts submitted

February 2024

previous names

goldleigh enterprises limited (April 1996)

accountant

-

auditor

-

address

107 north street, martock, somerset, TA12 6EJ

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

metrics engineering co 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 2 charges/mortgages relating to metrics engineering co limited. Currently there are 1 open charges and 1 have been satisfied in the past.

metrics engineering co 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.

Click to start generating capital raising & share issue transactions for METRICS ENGINEERING CO LIMITED. This can take several minutes, an email will notify you when this has completed.

metrics engineering co limited Companies House Filings - See Documents

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