Mechanics' Centre Limited

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mechanics' centre limited Company Information

Live

MatureMicroRapid

Company Number

01983373

Website

www.mechanicsinstitute.co.uk

Registered Address

103 princess st, manchester, M1 6DD

Industry

Operation of historical sites and buildings and similar visitor attractions

Telephone

01612369336

Next Accounts Due

December 2025

Group Structure

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Directors

Harry Spooner33 Years

Alan Manning33 Years

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Shareholders

-0%

mechanics' centre limited Estimated Valuation

£410.8k

Pomanda estimates the enterprise value of MECHANICS' CENTRE LIMITED at £410.8k based on a Turnover of £427.8k and 0.96x industry multiple (adjusted for size and gross margin).

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Mechanics' Centre Limited is a live company located in manchester, M1 6DD with a Companies House number of 01983373. It operates in the operation of historical sites and buildings and similar visitor attractions sector, SIC Code 91030. Founded in January 1986, it's largest shareholder is unknown. Mechanics' Centre Limited is a mature, micro sized company, Pomanda has estimated its turnover at £427.8k with rapid growth in recent years.

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Pomanda's financial health check has awarded Mechanics' Centre Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £427.8k, make it in line with the average company (£483.9k)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (7.6%)

EXPORT

Mechanics' Centre Limited's latest turnover from March 2024 is estimated at £427.8 thousand and the company has net assets of £67.8 thousand. According to their latest financial statements, Mechanics' Centre Limited has 6 employees and maintains cash reserves of £60.8 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	427,831	328,493	358,562	175,434	533,759	600,130	750,230	533,359	463,760	685,845	1,152,855	445,208	496,653	591,073	721,486
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	202,560	156,006	174,781	97,101	273,313	297,348	269,235	174,887	153,369	210,389	345,823	114,876	137,993	210,029	264,897
Gross Profit	225,271	172,487	183,781	78,333	260,446	302,782	480,995	358,472	310,391	475,456	807,033	330,332	358,660	381,044	456,589
Admin Expenses	284,531	127,290	198,016	85,432	261,594	290,516	472,578	359,823	307,916	473,915	794,508	324,862	375,558	379,090	337,060
Operating Profit	-59,260	45,197	-14,235	-7,099	-1,148	12,266	8,417	-1,351	2,475	1,541	12,525	5,470	-16,898	1,954	119,529
Interest Payable	0	0	0	0	0	0	772	742	0	0	0	0	0	0	0
Interest Receivable	4,510	4,234	645	93	93	665	363	149	299	328	357	290	287	323	143
Pre-Tax Profit	-54,750	49,431	-13,590	-7,006	-1,055	12,931	8,007	-1,945	2,774	1,870	12,882	5,761	-16,611	2,276	119,672
Tax	0	-9,392	0	0	0	-2,457	-1,521	0	-555	-393	-2,963	-1,383	0	-637	-33,508
Profit After Tax	-54,750	40,039	-13,590	-7,006	-1,055	10,474	6,486	-1,945	2,219	1,477	9,919	4,378	-16,611	1,639	86,164
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-54,750	40,039	-13,590	-7,006	-1,055	10,474	6,486	-1,945	2,219	1,477	9,919	4,378	-16,611	1,639	86,164
Employee Costs	128,291	122,909	81,961	123,154	136,446	131,700	258,247	177,721	153,685	226,168	360,278	153,283	161,151	199,150	222,830
Number Of Employees	6	6	4	6	7	7	14	10	9	13	19	8	9	11	13
EBITDA*	-52,239	51,858	-8,127	460	6,411	14,767	10,701	933	4,759	2,771	14,455	7,419	-14,748	5,677	123,545

* 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	41,584	48,605	46,462	50,155	57,714	64,275	51,490	46,974	49,258	48,020	50,650	51,180	53,129	55,279	55,276
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	41,584	48,605	46,462	50,155	57,714	64,275	51,490	46,974	49,258	48,020	50,650	51,180	53,129	55,279	55,276
Stock & work in progress	2,407	3,043	1,714	1,623	2,089	1,288	2,428	1,777	2,284	2,364	1,950	2,042	1,177	2,233	1,445
Trade Debtors	19,143	11,185	15,966	681	26,575	42,903	33,338	25,297	25,875	38,461	54,341	20,653	25,093	29,737	30,541
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,666	4,230	1,168	6,261	2,504	2,063	2,307	2,115	2,393	0	0	0	0	0	0
Cash	60,774	119,638	79,589	92,466	92,660	93,749	83,587	61,530	57,389	62,032	69,297	73,550	42,646	72,008	57,117
misc current assets	0	0	0	0	0	0	0	0	7,584	0	0	0	0	0	0
total current assets	86,990	138,096	98,437	101,031	123,828	140,003	121,660	90,719	95,525	102,857	125,588	96,245	68,916	103,978	89,103
total assets	128,574	186,701	144,899	151,186	181,542	204,278	173,150	137,693	144,783	150,877	176,238	147,425	122,045	159,257	144,379
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	6,009	11,642	4,005	2,286	9,469	16,174	17,302	5,527	6,312	38,940	65,172	45,672	22,721	41,172	24,488
Group/Directors Accounts	16,723	8,532	19,373	1,944	17,022	28,013	20,053	637	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	15,190	19,297	16,412	28,257	26,927	30,244	18,916	20,530	24,921	0	0	0	0	0	0
total current liabilities	37,922	39,471	39,790	32,487	53,418	74,431	56,271	26,694	31,233	38,940	65,172	45,672	22,721	41,172	24,488
loans	0	0	0	0	0	0	0	23,759	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	21,335	21,335	21,335	21,335	21,941	22,547	23,153	0	24,365	24,971	25,577	26,183	28,132	30,282	33,727
provisions	1,479	3,307	1,225	1,225	3,038	3,100	0	0	0	0	0	0	0	0	0
total long term liabilities	22,814	24,642	22,560	22,560	24,979	25,647	23,153	23,759	24,365	24,971	25,577	26,183	28,132	30,282	33,727
total liabilities	60,736	64,113	62,350	55,047	78,397	100,078	79,424	50,453	55,598	63,911	90,749	71,855	50,853	71,454	58,215
net assets	67,838	122,588	82,549	96,139	103,145	104,200	93,726	87,240	89,185	86,966	85,489	75,570	71,192	87,803	86,164
total shareholders funds	67,838	122,588	82,549	96,139	103,145	104,200	93,726	87,240	89,185	86,966	85,489	75,570	71,192	87,803	86,164

	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	-59,260	45,197	-14,235	-7,099	-1,148	12,266	8,417	-1,351	2,475	1,541	12,525	5,470	-16,898	1,954	119,529
Depreciation	7,021	6,661	6,108	7,559	7,559	2,501	2,284	2,284	2,284	1,230	1,930	1,949	2,150	3,723	4,016
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-9,392	0	0	0	-2,457	-1,521	0	-555	-393	-2,963	-1,383	0	-637	-33,508
Stock	-636	1,329	91	-466	801	-1,140	651	-507	-80	414	-92	865	-1,056	788	1,445
Debtors	8,394	-1,719	10,192	-22,137	-15,887	9,321	8,233	-856	-10,193	-15,880	33,688	-4,440	-4,644	-804	30,541
Creditors	-5,633	7,637	1,719	-7,183	-6,705	-1,128	11,775	-785	-32,628	-26,232	19,500	22,951	-18,451	16,684	24,488
Accruals and Deferred Income	-4,107	2,885	-11,845	1,330	-3,317	11,328	-1,614	-4,391	24,921	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,828	2,082	0	-1,813	-62	3,100	0	0	0	0	0	0	0	0	0
Cash flow from operations	-71,565	55,460	-28,536	15,397	11,413	17,429	10,457	-2,880	6,770	-8,388	-2,604	32,562	-27,499	21,740	82,539
Investing Activities
capital expenditure	0	-8,804	-2,415	0	-998	-15,286	-6,800	0	-3,522	1,400	-1,400	0	0	-3,726	-59,292
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-8,804	-2,415	0	-998	-15,286	-6,800	0	-3,522	1,400	-1,400	0	0	-3,726	-59,292
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	8,191	-10,841	17,429	-15,078	-10,991	7,960	19,416	637	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	-23,759	23,759	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	-606	-606	-606	23,153	-24,365	-606	-606	-606	-1,949	-2,150	-3,445	33,727
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
interest	4,510	4,234	645	93	93	665	-409	-593	299	328	357	290	287	323	143
cash flow from financing	12,701	-6,607	18,074	-15,591	-11,504	8,019	18,401	-562	-307	-278	-249	-1,659	-1,863	-3,122	33,870
cash and cash equivalents
cash	-58,864	40,049	-12,877	-194	-1,089	10,162	22,057	4,141	-4,643	-7,265	-4,253	30,904	-29,362	14,891	57,117
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-58,864	40,049	-12,877	-194	-1,089	10,162	22,057	4,141	-4,643	-7,265	-4,253	30,904	-29,362	14,891	57,117

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MECHANICS' CENTRE LIMITED group structure

Mechanics' Centre Limited has no subsidiary companies.

Ultimate parent company

MECHANICS' CENTRE LIMITED

01983373

MECHANICS' CENTRE LIMITED Shareholders

Mechanics' Centre Limited currently has 19 directors. The longest serving directors include Mr Harry Spooner (May 1991) and Mr Alan Manning (May 1991).

officer	country	age	start	end	role
Mr Harry Spooner		73 years	May 1991	-	Director
Mr Alan Manning		73 years	May 1991	-	Director
Mr Peter Dodd		70 years	Jun 1994	-	Director
Mr Terence Morley		77 years	Jun 1994	-	Director
Mr Gerald Cooney		66 years	Oct 1997	-	Director
Mr James McNicholls		60 years	Jun 1999	-	Director
Councillor Paul Andrews		69 years	Jun 1999	-	Director
Mr Kevin Morley	England	71 years	Nov 2004	-	Director
Mr John McDonnell		91 years	Jul 2008	-	Director
Mr Carl Webb		63 years	Aug 2011	-	Director

P&L

March 2024

turnover

427.8k

+30%

operating profit

-59.3k

gross margin

52.7%

+0.28%

turnover

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

Balance Sheet

March 2024

net assets

67.8k

-0.45%

total assets

128.6k

-0.31%

cash

60.8k

-0.49%

net assets

Total assets minus all liabilities

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company number

01983373

Type

Private Ltd By Guarantee w/o Share Cap

industry

91030 - Operation of historical sites and buildings and similar visitor attractions

incorporation date

January 1986

ultimate parent company

None

previous names

N/A

address

103 princess st, manchester, M1 6DD

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 1 charges/mortgages relating to mechanics' centre limited. Currently there are 0 open charges and 1 have been satisfied in the past.

mechanics' centre limited Company Information

mechanics' centre limited Estimated Valuation

mechanics' centre limited Estimated Valuation

mechanics' centre limited Estimated Valuation

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MECHANICS' CENTRE LIMITED financials

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