Micross Components Limited

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micross components limited Company Information

Live

MatureLargeHealthy

Company Number

01803460

Website

www.micross.com

Registered Address

2 hellesdon park road, drayton high road, norwich, norfolk, NR6 5DR

Industry

Manufacture of electronic components

Telephone

01603788967

Next Accounts Due

September 2024

Group Structure

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Directors

Neil Davies8 Years

Vincent Buffa4 Years

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Shareholders

micross components holdings ltd 100%

micross components limited Estimated Valuation

£81.2m

Pomanda estimates the enterprise value of MICROSS COMPONENTS LIMITED at £81.2m based on an EBITDA of £7.8m and a 10.39x industry multiple (adjusted for size and gross margin).

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Micross Components Limited is a live company located in norwich, NR6 5DR with a Companies House number of 01803460. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in March 1984, it's largest shareholder is micross components holdings ltd with a 100% stake. Micross Components Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Micross Components Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

2 Regular

1 Weak

Size

annual sales of £26.1m, make it larger than the average company (£19.5m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.7%)

EXPORT

Micross Components Limited's latest turnover from December 2022 is £26.1 million and the company has net assets of £8.6 million. According to their latest financial statements, Micross Components Limited has 103 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	26,067,304	21,313,872	17,908,262	20,784,782	19,506,172	18,686,549	17,642,610	14,528,404	13,306,970	15,736,803	17,231,213	17,230,597	14,556,806	6,403,770
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,073,135	12,104,814	10,225,332	12,842,469	11,178,070	11,401,858	10,711,293	9,108,841	7,805,221	9,025,187	9,997,624	10,164,034	9,015,134	4,458,547
Gross Profit	11,994,169	9,209,058	7,682,930	7,942,313	8,328,102	7,284,691	6,931,317	5,419,563	5,501,749	6,711,616	7,233,589	7,066,563	5,541,672	1,945,223
Admin Expenses	4,775,076	4,546,344	4,087,080	4,328,841	3,921,669	4,344,629	2,725,864	3,816,086	3,240,891	4,183,971	4,365,896	4,423,916	4,429,246	1,015,022
Operating Profit	7,219,093	4,662,714	3,595,850	3,613,472	4,406,433	2,940,062	4,205,453	1,603,477	2,260,858	2,527,645	2,867,693	2,642,647	1,112,426	930,201
Interest Payable	1,061	0	2,414	2,593	3,383	900	28	156	494	4,617	2,721	4,773	18,865	3,659
Interest Receivable	0	287	0	0	1,703	8,125	0	827	0	0	51,896	59,483	0	8,558
Pre-Tax Profit	7,218,032	4,663,001	3,593,436	3,610,879	4,404,753	2,947,287	4,205,425	1,604,148	2,260,364	1,937,285	2,916,868	2,426,367	1,093,561	4,887,595
Tax	-1,314,300	-988,792	-708,114	-745,778	-888,584	-483,229	-605,560	41,508	-413,103	-125,236	-759,945	-707,061	-273,402	-256,998
Profit After Tax	5,903,732	3,674,209	2,885,322	2,865,101	3,516,169	2,464,058	3,599,865	1,645,656	1,847,261	1,812,049	2,156,923	1,719,306	820,159	4,630,597
Dividends Paid	5,565,521	3,675,007	2,660,279	2,660,279	4,627,632	0	0	0	0	0	0	0	0	0
Retained Profit	338,211	-798	225,043	204,822	-1,111,463	2,464,058	3,599,865	1,645,656	1,847,261	1,812,049	2,156,923	1,719,306	820,159	4,630,597
Employee Costs	4,856,677	4,291,841	4,388,570	4,257,846	4,053,071	3,524,695	3,127,104	2,903,289	2,986,452	3,762,052	3,692,538	3,841,584	3,493,654	615,442
Number Of Employees	103	103	108	110	107	91	91	89	97	109	109	106	105	46
EBITDA*	7,820,432	5,045,192	4,086,393	4,380,096	5,025,489	3,572,221	4,810,312	2,096,518	2,825,012	3,073,596	3,380,169	3,135,334	1,387,776	960,756

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,341,859	1,670,497	1,835,941	2,204,516	2,023,234	1,730,102	1,659,596	1,471,791	1,304,385	1,448,136	1,503,204	1,208,379	1,133,774	1,253,127
Intangible Assets	0	0	0	0	236,737	473,473	710,209	946,945	1,183,681	1,420,417	1,657,153	1,893,889	2,130,625	2,367,361
Investments & Other	20,040	0	0	0	0	0	776,417	776,417	776,417	776,417	776,417	776,417	776,417	776,417
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,361,899	1,670,497	1,835,941	2,204,516	2,259,971	2,203,575	3,146,222	3,195,153	3,264,483	3,644,970	3,936,774	3,878,685	4,040,816	4,396,905
Stock & work in progress	2,368,697	2,384,551	2,113,731	2,298,105	3,193,567	2,738,895	2,917,678	2,503,254	3,061,410	3,008,126	3,256,794	2,661,077	2,246,492	2,056,300
Trade Debtors	5,273,490	4,878,109	4,514,495	3,264,844	4,427,652	3,233,483	2,721,179	1,968,103	0	0	0	0	0	170,842
Group Debtors	147,947	157,795	124,130	331,394	361,101	240,065	15,067,087	12,350,024	9,470,200	7,271,712	5,065,977	3,009,509	3,521,015	2,375,768
Misc Debtors	291,150	262,524	448,090	227,939	512,665	424,143	455,759	296,766	305,356	538,202	182,392	442,028	249,751	196,034
Cash	2,823,962	2,452,152	1,948,172	1,307,358	306,351	2,076,545	81,928	130,054	12,629	55,605	222,340	454,500	265,974	357,358
misc current assets	0	0	0	0	0	0	0	0	2,333,410	2,094,209	2,050,014	3,165,866	1,647,517	1,815,673
total current assets	10,905,246	10,135,131	9,148,618	7,429,640	8,801,336	8,713,131	21,243,631	17,248,201	15,183,005	12,967,854	10,777,517	9,732,980	7,930,749	6,971,975
total assets	12,267,145	11,805,628	10,984,559	9,634,156	11,061,307	10,916,706	24,389,853	20,443,354	18,447,488	16,612,824	14,714,291	13,611,665	11,971,565	11,368,880
Bank overdraft	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
Trade Creditors	1,593,593	963,293	745,305	320,076	850,578	391,548	176,464	596,288	557,337	846,806	565,261	1,027,936	647,708	540,305
Group/Directors Accounts	1,106,918	1,332,596	1,244,739	959,470	1,381,914	1,221,481	981,358	480,623	102,537	45,062	19,165	118,054	1,155,495	1,825,946
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	19,819	21,620	26,609	45,365	0	0	0	0	2,889	0
other current liabilities	847,955	1,077,417	614,346	649,040	1,295,978	704,319	1,160,722	391,301	778,897	536,621	1,035,242	1,546,352	980,129	639,412
total current liabilities	3,548,466	3,373,306	2,604,390	1,928,586	3,548,289	2,338,968	2,345,153	1,513,577	1,438,771	1,428,489	1,619,668	2,692,342	2,786,221	3,005,663
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	19,819	38,945	65,554	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	146,183	198,037	145,086	153,359	165,629	98,867	41,320	499,653	289,803	312,682	35,019	16,641	1,968	0
total long term liabilities	146,183	198,037	145,086	153,359	165,629	118,686	80,265	565,207	289,803	312,682	35,019	16,641	1,968	0
total liabilities	3,694,649	3,571,343	2,749,476	2,081,945	3,713,918	2,457,654	2,425,418	2,078,784	1,728,574	1,741,171	1,654,687	2,708,983	2,788,189	3,005,663
net assets	8,572,496	8,234,285	8,235,083	7,552,211	7,347,389	8,459,052	21,964,435	18,364,570	16,718,914	14,871,653	13,059,604	10,902,682	9,183,376	8,363,217
total shareholders funds	8,572,496	8,234,285	8,235,083	7,552,211	7,347,389	8,459,052	21,964,435	18,364,570	16,718,914	14,871,653	13,059,604	10,902,682	9,183,376	8,363,217

	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	7,219,093	4,662,714	3,595,850	3,613,472	4,406,433	2,940,062	4,205,453	1,603,477	2,260,858	2,527,645	2,867,693	2,642,647	1,112,426	930,201
Depreciation	601,339	382,478	490,543	529,887	382,320	395,423	368,123	256,305	327,418	309,215	275,740	255,951	38,614	30,555
Amortisation	0	0	0	236,737	236,736	236,736	236,736	236,736	236,736	236,736	236,736	236,736	236,736	0
Tax	-1,314,300	-988,792	-708,114	-745,778	-888,584	-483,229	-605,560	41,508	-413,103	-125,236	-759,945	-707,061	-273,402	-256,998
Stock	-15,854	270,820	-184,374	-895,462	454,672	-178,783	414,424	-558,156	53,284	-248,668	595,717	414,585	190,192	2,056,300
Debtors	414,159	211,713	1,262,538	-1,477,241	1,403,727	-14,346,334	3,629,132	4,839,337	1,965,642	2,561,545	1,796,832	-319,229	1,028,122	2,742,644
Creditors	630,300	217,988	425,229	-530,502	459,030	215,084	-419,824	38,951	-289,469	281,545	-462,675	380,228	107,403	540,305
Accruals and Deferred Income	-229,462	463,071	-34,694	-646,938	591,659	-456,403	769,421	-387,596	242,276	-498,621	-511,110	566,223	340,717	639,412
Deferred Taxes & Provisions	-51,854	52,951	-8,273	-12,270	66,762	57,547	-458,333	209,850	-22,879	277,663	18,378	14,673	1,968	0
Cash flow from operations	6,456,811	4,307,877	2,682,377	4,817,311	3,395,957	17,430,337	52,460	-2,281,950	322,911	696,070	-727,732	3,294,041	346,148	-2,915,469
Investing Activities
capital expenditure	-272,701	-217,034	-121,968	-711,169	-675,452	-465,929	-555,928	-423,711	-183,667	-254,147	-570,565	-330,556	80,739	-3,651,043
Change in Investments	20,040	0	0	0	0	-776,417	0	0	0	0	0	0	0	776,417
cash flow from investments	-292,741	-217,034	-121,968	-711,169	-675,452	310,488	-555,928	-423,711	-183,667	-254,147	-570,565	-330,556	80,739	-4,427,460
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-225,678	87,857	285,269	-422,444	160,433	240,123	500,735	378,086	57,475	25,897	-98,889	-1,037,441	-670,451	1,825,946
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	-19,819	-21,620	-24,115	-45,365	110,919	0	0	0	-2,889	2,889	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	457,829	0	-200	-15,969,441	0	0	0	0	-1	0	0	3,732,620
interest	-1,061	287	-2,414	-2,593	-1,680	7,225	-28	671	-494	-4,617	49,175	54,710	-18,865	4,899
cash flow from financing	-226,739	88,144	740,684	-444,856	136,933	-15,746,208	455,342	489,676	56,981	21,280	-49,715	-985,620	-686,427	5,563,465
cash and cash equivalents
cash	371,810	503,980	640,814	1,001,007	-1,770,194	1,994,617	-48,126	117,425	-42,976	-166,735	-232,160	188,526	-91,384	357,358
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	371,810	503,980	640,814	1,001,007	-1,770,194	1,994,617	-48,126	117,425	-42,976	-166,735	-232,160	188,526	-91,384	357,358

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MICROSS COMPONENTS LIMITED group structure

Micross Components Limited has 2 subsidiary companies.

Ultimate parent company

MICROSS INVESTMENTS HOLDINGS LLC

#0007208

MICROSS COMPONENTS HOLDINGS LTD

05724927

2 parents

MICROSS COMPONENTS LIMITED

01803460

2 subsidiaries

DIE TECHNOLOGY LIMITED

01755336

TECHNOGRAPH MICROCIRCUITS LIMITED

02174118

MICROSS COMPONENTS LIMITED Shareholders

micross components holdings ltd

100%

Micross Components Limited currently has 4 directors. The longest serving directors include Mr Neil Davies (May 2016) and Mr Vincent Buffa (May 2020).

officer	country	age	start	end	role
Mr Neil Davies	England	55 years	May 2016	-	Director
Mr Vincent Buffa		61 years	May 2020	-	Director
Mr Vincent Buffa		61 years	May 2020	-	Director
Mr Graham Jefferies		67 years	Sep 2020	-	Director

P&L

December 2022

turnover

26.1m

+22%

operating profit

7.2m

+55%

gross margin

46.1%

+6.49%

turnover

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

Balance Sheet

December 2022

net assets

8.6m

+0.04%

total assets

12.3m

+0.04%

cash

2.8m

+0.15%

net assets

Total assets minus all liabilities

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company number

01803460

Type

Private limited with Share Capital

industry

26110 - Manufacture of electronic components

incorporation date

March 1984

age

accounts

Full Accounts

ultimate parent company

MICROSS INVESTMENTS HOLDINGS LLC

previous names

mintech semiconductors limited (January 2010)

bleakbridge limited (May 1984)

incorporated

address

2 hellesdon park road, drayton high road, norwich, norfolk, NR6 5DR

last accounts submitted

December 2022

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 8 charges/mortgages relating to micross components limited. Currently there are 2 open charges and 6 have been satisfied in the past.

micross components limited Company Information

micross components limited Estimated Valuation

micross components limited Estimated Valuation

micross components limited Estimated Valuation

Micross Components Limited Overview

Micross Components Limited Health Check

MICROSS COMPONENTS LIMITED financials

micross components limited Credit Report and Business Information

Micross Components Limited Competitor Analysis

micross components limited Ownership

micross components limited directors

micross components limited company details

micross components limited Charges & Mortgages

micross components limited Companies House Filings - See Documents