milmega limited
milmega limited Company Information
Company Number
02185653
Next Accounts
Sep 2025
Shareholders
frame flair ltd
Group Structure
View All
Industry
Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
Registered Address
2 new star road, leicester, leicestershire, LE4 9JD
Website
http://www.ametek-cts.commilmega limited Estimated Valuation
Pomanda estimates the enterprise value of MILMEGA LIMITED at £11.4m based on a Turnover of £10.5m and 1.09x industry multiple (adjusted for size and gross margin).
milmega limited Estimated Valuation
Pomanda estimates the enterprise value of MILMEGA LIMITED at £11.8m based on an EBITDA of £1.9m and a 6.2x industry multiple (adjusted for size and gross margin).
milmega limited Estimated Valuation
Pomanda estimates the enterprise value of MILMEGA LIMITED at £10.7m based on Net Assets of £4.3m and 2.5x industry multiple (adjusted for liquidity).
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Milmega Limited Overview
Milmega Limited is a live company located in leicestershire, LE4 9JD with a Companies House number of 02185653. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in October 1987, it's largest shareholder is frame flair ltd with a 100% stake. Milmega Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with high growth in recent years.
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Milmega Limited Health Check
Pomanda's financial health check has awarded Milmega Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
1 Weak
Size
annual sales of £10.5m, make it in line with the average company (£12.8m)
£10.5m - Milmega Limited
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (8.2%)
19% - Milmega Limited
8.2% - Industry AVG
Production
with a gross margin of 36.6%, this company has a comparable cost of product (40.8%)
36.6% - Milmega Limited
40.8% - Industry AVG
Profitability
an operating margin of 16.7% make it more profitable than the average company (8.8%)
16.7% - Milmega Limited
8.8% - Industry AVG
Employees
with 42 employees, this is below the industry average (68)
42 - Milmega Limited
68 - Industry AVG
Pay Structure
on an average salary of £55k, the company has an equivalent pay structure (£55k)
- Milmega Limited
£55k - Industry AVG
Efficiency
resulting in sales per employee of £249.1k, this is more efficient (£203.3k)
£249.1k - Milmega Limited
£203.3k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (50 days)
7 days - Milmega Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (38 days)
58 days - Milmega Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 88 days, this is in line with average (97 days)
88 days - Milmega Limited
97 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (23 weeks)
49 weeks - Milmega Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.5%, this is a lower level of debt than the average (38.5%)
32.5% - Milmega Limited
38.5% - Industry AVG
MILMEGA LIMITED financials
Milmega Limited's latest turnover from December 2023 is £10.5 million and the company has net assets of £4.3 million. According to their latest financial statements, Milmega Limited has 42 employees and maintains cash reserves of £1.9 million 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 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,464,000 | 8,881,000 | 6,553,000 | 6,155,000 | 5,354,000 | 4,130,000 | 4,210,000 | 5,396,000 | 5,197,000 | 4,570,000 | 5,614,000 | 4,962,654 | 5,484,072 | 5,094,369 | 4,349,925 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 6,638,000 | 6,213,000 | 5,152,000 | 4,263,000 | 3,285,000 | 2,606,000 | 2,786,000 | 3,104,000 | 3,689,000 | 3,364,000 | 3,558,000 | 2,920,847 | 3,109,354 | 2,985,281 | 2,780,409 |
| Gross Profit | 3,826,000 | 2,668,000 | 1,401,000 | 1,892,000 | 2,069,000 | 1,524,000 | 1,424,000 | 2,292,000 | 1,508,000 | 1,206,000 | 2,056,000 | 2,041,807 | 2,374,718 | 2,109,088 | 1,569,516 |
| Admin Expenses | 2,077,000 | 1,592,000 | 1,486,000 | 1,046,000 | 1,170,000 | 858,000 | 1,015,000 | 1,180,000 | 1,329,000 | 1,106,000 | 1,154,000 | 1,194,995 | 1,167,541 | 1,011,551 | 970,334 |
| Operating Profit | 1,749,000 | 1,076,000 | -85,000 | 846,000 | 899,000 | 666,000 | 409,000 | 1,112,000 | 179,000 | 100,000 | 902,000 | 846,812 | 1,207,177 | 1,097,537 | 599,182 |
| Interest Payable | 105,000 | 37,000 | 8,000 | 1,000 | 4,000 | 4,000 | 2,000 | 214 | 643 | 7,047 | 8,770 | ||||
| Interest Receivable | 2,000 | 7,000 | 3,000 | 1,000 | 10,066 | 2,192 | 3,019 | 5,085 | |||||||
| Pre-Tax Profit | 1,644,000 | 1,039,000 | -93,000 | 846,000 | 901,000 | 673,000 | 412,000 | 1,111,000 | 175,000 | 96,000 | 901,000 | 856,664 | 1,208,726 | 1,093,509 | 595,497 |
| Tax | 32,000 | -193,000 | 25,000 | -162,000 | -171,000 | -114,000 | -105,000 | -223,000 | -36,000 | -12,000 | -102,000 | -146,485 | -272,676 | -223,867 | -104,430 |
| Profit After Tax | 1,676,000 | 846,000 | -68,000 | 684,000 | 730,000 | 559,000 | 307,000 | 888,000 | 139,000 | 84,000 | 799,000 | 710,179 | 936,050 | 869,642 | 491,067 |
| Dividends Paid | 110,000 | 1,000,000 | 750,000 | 125,000 | 1,250,000 | 880,000 | 1,350,000 | 800,000 | 350,000 | 500,000 | |||||
| Retained Profit | 1,566,000 | 846,000 | -1,068,000 | -66,000 | 605,000 | -691,000 | -573,000 | 888,000 | 139,000 | 84,000 | -551,000 | -89,821 | 936,050 | 519,642 | -8,933 |
| Employee Costs | 60,618 | ||||||||||||||
| Number Of Employees | 42 | 39 | 31 | 23 | 22 | 24 | 27 | 30 | 32 | 33 | |||||
| EBITDA* | 1,899,000 | 1,169,000 | 97,000 | 928,000 | 992,000 | 752,000 | 512,000 | 1,233,000 | 331,000 | 171,000 | 963,000 | 893,215 | 1,270,388 | 1,176,114 | 694,684 |
* 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 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,264,000 | 756,000 | 230,000 | 297,000 | 366,000 | 395,000 | 381,000 | 423,000 | 518,000 | 511,000 | 364,000 | 252,776 | 308,572 | 384,109 | 465,649 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,264,000 | 756,000 | 230,000 | 297,000 | 366,000 | 395,000 | 381,000 | 423,000 | 518,000 | 511,000 | 364,000 | 252,776 | 308,572 | 384,109 | 465,649 |
| Stock & work in progress | 1,603,000 | 2,238,000 | 1,766,000 | 835,000 | 943,000 | 917,000 | 834,000 | 818,000 | 553,000 | 1,030,000 | 908,000 | 908,609 | 836,982 | 655,362 | 679,435 |
| Trade Debtors | 222,000 | 327,000 | 187,000 | 87,000 | 230,000 | 177,000 | 718,000 | 315,000 | 101,000 | 269,000 | 184,000 | 741,207 | 1,101,439 | 922,864 | 810,930 |
| Group Debtors | 914,000 | 307,000 | 719,000 | 651,000 | 328,000 | 319,000 | 365,000 | 1,092,000 | 1,617,000 | 993,000 | 1,577,000 | 1,115,413 | 898,560 | 402,045 | |
| Misc Debtors | 432,000 | 602,000 | 568,000 | 115,000 | 74,000 | 55,000 | 125,000 | 135,000 | 317,000 | 225,000 | 74,000 | 94,469 | 74,404 | 80,650 | 97,483 |
| Cash | 1,874,000 | 1,930,000 | 1,004,000 | 1,699,000 | 1,644,000 | 1,059,000 | 2,491,000 | 1,641,000 | 651,000 | 434,000 | 563,000 | 722,679 | 999,662 | 786,776 | 816,170 |
| misc current assets | |||||||||||||||
| total current assets | 5,045,000 | 5,404,000 | 4,244,000 | 3,387,000 | 3,219,000 | 2,527,000 | 4,533,000 | 4,001,000 | 3,239,000 | 2,951,000 | 3,306,000 | 3,582,377 | 3,911,047 | 2,847,697 | 2,404,018 |
| total assets | 6,309,000 | 6,160,000 | 4,474,000 | 3,684,000 | 3,585,000 | 2,922,000 | 4,914,000 | 4,424,000 | 3,757,000 | 3,462,000 | 3,670,000 | 3,835,153 | 4,219,619 | 3,231,806 | 2,869,667 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,055,000 | 1,181,000 | 1,165,000 | 422,000 | 249,000 | 254,000 | 421,000 | 268,000 | 488,000 | 292,000 | 395,000 | 231,708 | 502,351 | 376,817 | 293,266 |
| Group/Directors Accounts | 665,000 | 1,997,000 | 1,261,000 | 154,000 | 122,000 | 21,000 | 1,071,000 | 59,000 | 30,000 | 74,000 | 94,000 | 220,082 | |||
| other short term finances | |||||||||||||||
| hp & lease commitments | 33,000 | 2,054 | 5,712 | 61,710 | |||||||||||
| other current liabilities | 260,000 | 221,000 | 106,000 | 81,000 | 120,000 | 138,000 | 146,000 | 219,000 | 108,000 | 124,000 | 207,000 | 193,043 | 285,635 | 355,316 | 251,726 |
| total current liabilities | 1,980,000 | 3,399,000 | 2,532,000 | 657,000 | 491,000 | 413,000 | 1,638,000 | 546,000 | 626,000 | 490,000 | 729,000 | 424,751 | 790,040 | 737,845 | 826,784 |
| loans | |||||||||||||||
| hp & lease commitments | 13,000 | 42,000 | 2,054 | 7,766 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 68,000 | 70,000 | 97,000 | 114,000 | 115,000 | 129,000 | 206,000 | 250,000 | 405,000 | 383,000 | 296,000 | 256,422 | 185,778 | 184,156 | 247,008 |
| total long term liabilities | 68,000 | 70,000 | 97,000 | 114,000 | 115,000 | 129,000 | 206,000 | 250,000 | 405,000 | 396,000 | 338,000 | 256,422 | 185,778 | 186,210 | 254,774 |
| total liabilities | 2,048,000 | 3,469,000 | 2,629,000 | 771,000 | 606,000 | 542,000 | 1,844,000 | 796,000 | 1,031,000 | 886,000 | 1,067,000 | 681,173 | 975,818 | 924,055 | 1,081,558 |
| net assets | 4,261,000 | 2,691,000 | 1,845,000 | 2,913,000 | 2,979,000 | 2,380,000 | 3,070,000 | 3,628,000 | 2,726,000 | 2,576,000 | 2,603,000 | 3,153,980 | 3,243,801 | 2,307,751 | 1,788,109 |
| total shareholders funds | 4,261,000 | 2,691,000 | 1,845,000 | 2,913,000 | 2,979,000 | 2,380,000 | 3,070,000 | 3,628,000 | 2,726,000 | 2,576,000 | 2,603,000 | 3,153,980 | 3,243,801 | 2,307,751 | 1,788,109 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,749,000 | 1,076,000 | -85,000 | 846,000 | 899,000 | 666,000 | 409,000 | 1,112,000 | 179,000 | 100,000 | 902,000 | 846,812 | 1,207,177 | 1,097,537 | 599,182 |
| Depreciation | 150,000 | 93,000 | 182,000 | 82,000 | 93,000 | 86,000 | 103,000 | 121,000 | 152,000 | 71,000 | 61,000 | 46,403 | 63,211 | 78,577 | 95,502 |
| Amortisation | |||||||||||||||
| Tax | 32,000 | -193,000 | 25,000 | -162,000 | -171,000 | -114,000 | -105,000 | -223,000 | -36,000 | -12,000 | -102,000 | -146,485 | -272,676 | -223,867 | -104,430 |
| Stock | -635,000 | 472,000 | 931,000 | -108,000 | 26,000 | 83,000 | 16,000 | 265,000 | -477,000 | 122,000 | -609 | 253,247 | 181,620 | -24,073 | 679,435 |
| Debtors | 332,000 | -238,000 | 621,000 | 221,000 | 81,000 | -657,000 | -334,000 | -493,000 | 548,000 | -348,000 | -116,089 | 545,530 | 668,844 | 497,146 | 908,413 |
| Creditors | -126,000 | 16,000 | 743,000 | 173,000 | -5,000 | -167,000 | 153,000 | -220,000 | 196,000 | -103,000 | 163,292 | -145,109 | 125,534 | 83,551 | 293,266 |
| Accruals and Deferred Income | 39,000 | 115,000 | 25,000 | -39,000 | -18,000 | -8,000 | -73,000 | 111,000 | -16,000 | -83,000 | 13,957 | -162,273 | -69,681 | 103,590 | 251,726 |
| Deferred Taxes & Provisions | -2,000 | -27,000 | -17,000 | -1,000 | -14,000 | -77,000 | -44,000 | -155,000 | 22,000 | 87,000 | 39,578 | 72,266 | 1,622 | -62,852 | 247,008 |
| Cash flow from operations | 2,145,000 | 846,000 | -679,000 | 786,000 | 677,000 | 960,000 | 761,000 | 974,000 | 426,000 | 286,000 | 1,194,525 | -287,163 | 204,723 | 603,463 | -205,594 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,332,000 | 736,000 | 1,107,000 | 32,000 | 101,000 | -1,050,000 | 1,012,000 | 29,000 | -44,000 | -20,000 | 94,000 | -220,082 | 220,082 | ||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -13,000 | -62,000 | 75,000 | -7,766 | -5,712 | -61,710 | 69,476 | ||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -105,000 | -37,000 | -8,000 | 2,000 | 7,000 | 3,000 | -1,000 | -4,000 | -4,000 | -1,000 | 9,852 | 1,549 | -4,028 | -3,685 | |
| cash flow from financing | -1,433,000 | 699,000 | 1,099,000 | 32,000 | 97,000 | -1,042,000 | 1,030,000 | 42,000 | -50,000 | -197,000 | 168,020 | 938,136 | -4,163 | -285,820 | 2,082,915 |
| cash and cash equivalents | |||||||||||||||
| cash | -56,000 | 926,000 | -695,000 | 55,000 | 585,000 | -1,432,000 | 850,000 | 990,000 | 217,000 | -129,000 | -159,679 | -64,097 | 212,886 | -29,394 | 816,170 |
| overdraft | |||||||||||||||
| change in cash | -56,000 | 926,000 | -695,000 | 55,000 | 585,000 | -1,432,000 | 850,000 | 990,000 | 217,000 | -129,000 | -159,679 | -64,097 | 212,886 | -29,394 | 816,170 |
milmega limited Credit Report and Business Information
Milmega Limited Competitor Analysis
Perform a competitor analysis for milmega limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in LE4 area or any other competitors across 12 key performance metrics.
milmega limited Ownership
MILMEGA LIMITED group structure
Milmega Limited has no subsidiary companies.
Ultimate parent company
AMETEK INC
#0058373
2 parents
MILMEGA LIMITED
02185653
milmega limited directors
Milmega Limited currently has 2 directors. The longest serving directors include Mr Charles Milligan (Jan 2014) and Mr Ben Wileman (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Milligan | United Kingdom | 59 years | Jan 2014 | - | Director |
| Mr Ben Wileman | United Kingdom | 43 years | Dec 2022 | - | Director |
P&L
December 2023turnover
10.5m
+18%
operating profit
1.7m
+63%
gross margin
36.6%
+21.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.3m
+0.58%
total assets
6.3m
+0.02%
cash
1.9m
-0.03%
net assets
Total assets minus all liabilities
milmega limited company details
company number
02185653
Type
Private limited with Share Capital
industry
26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
incorporation date
October 1987
age
38
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BRIGHT GRAHAME MURRAY & CO
address
2 new star road, leicester, leicestershire, LE4 9JD
Bank
BARCLAYS BANK PLC
Legal Advisor
-
milmega 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 6 charges/mortgages relating to milmega limited. Currently there are 0 open charges and 6 have been satisfied in the past.
milmega 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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milmega limited Companies House Filings - See Documents
| date | description | view/download |
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