m.j. allen precision ltd
m.j. allen precision ltd Company Information
Company Number
02196037
Website
https://www.rydaltooling.comRegistered Address
javelin house, henwood industrial estate, ashford, kent, TN24 8DE
Industry
Manufacture of tools
Telephone
01322614661
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
m j allen holdings ltd 99%
timothy john allen 1%
m.j. allen precision ltd Estimated Valuation
Pomanda estimates the enterprise value of M.J. ALLEN PRECISION LTD at £151.6k based on a Turnover of £1.1m and 0.14x industry multiple (adjusted for size and gross margin).
m.j. allen precision ltd Estimated Valuation
Pomanda estimates the enterprise value of M.J. ALLEN PRECISION LTD at £0 based on an EBITDA of £-367.9k and a 1.11x industry multiple (adjusted for size and gross margin).
m.j. allen precision ltd Estimated Valuation
Pomanda estimates the enterprise value of M.J. ALLEN PRECISION LTD at £454.5k based on Net Assets of £210.4k and 2.16x industry multiple (adjusted for liquidity).
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M.j. Allen Precision Ltd Overview
M.j. Allen Precision Ltd is a live company located in ashford, TN24 8DE with a Companies House number of 02196037. It operates in the manufacture of tools sector, SIC Code 25730. Founded in November 1987, it's largest shareholder is m j allen holdings ltd with a 99% stake. M.j. Allen Precision Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.
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M.j. Allen Precision Ltd Health Check
Pomanda's financial health check has awarded M.J. Allen Precision Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£8.5m)
£1.1m - M.j. Allen Precision Ltd
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (1.3%)
10% - M.j. Allen Precision Ltd
1.3% - Industry AVG
Production
with a gross margin of -15.2%, this company has a higher cost of product (34.3%)
-15.2% - M.j. Allen Precision Ltd
34.3% - Industry AVG
Profitability
an operating margin of -43.2% make it less profitable than the average company (4.1%)
-43.2% - M.j. Allen Precision Ltd
4.1% - Industry AVG
Employees
with 24 employees, this is below the industry average (52)
24 - M.j. Allen Precision Ltd
52 - Industry AVG
Pay Structure
on an average salary of £31.3k, the company has a lower pay structure (£44.8k)
£31.3k - M.j. Allen Precision Ltd
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £45.7k, this is less efficient (£152k)
£45.7k - M.j. Allen Precision Ltd
£152k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is near the average (78 days)
80 days - M.j. Allen Precision Ltd
78 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (31 days)
58 days - M.j. Allen Precision Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 172 days, this is more than average (133 days)
172 days - M.j. Allen Precision Ltd
133 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (15 weeks)
3 weeks - M.j. Allen Precision Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.2%, this is a higher level of debt than the average (35.1%)
85.2% - M.j. Allen Precision Ltd
35.1% - Industry AVG
M.J. ALLEN PRECISION LTD financials
M.J. Allen Precision Ltd's latest turnover from September 2023 is £1.1 million and the company has net assets of £210.4 thousand. According to their latest financial statements, M.J. Allen Precision Ltd has 24 employees and maintains cash reserves of £63.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,097,771 | 1,146,269 | 938,109 | 827,537 | 1,037,338 | 1,198,834 | 1,242,447 | 1,171,061 | 1,109,192 | 1,386,829 | 1,223,356 | 1,283,560 | 1,505,823 | 1,319,128 | 1,264,183 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,264,817 | 1,062,394 | 841,791 | 930,710 | 1,118,741 | 995,982 | 847,006 | 930,172 | 943,277 | 1,124,265 | 990,464 | 1,008,299 | 1,410,356 | 1,205,867 | 1,208,876 |
| Gross Profit | -167,046 | 83,875 | 96,318 | -103,173 | -81,403 | 202,852 | 395,441 | 240,889 | 165,915 | 262,564 | 232,892 | 275,261 | 95,467 | 113,261 | 55,307 |
| Admin Expenses | 306,899 | 303,975 | 225,364 | 276,137 | 325,420 | 287,878 | 321,424 | 267,909 | 216,154 | 236,277 | 220,470 | 222,786 | 216,789 | 232,779 | 224,248 |
| Operating Profit | -473,945 | -220,100 | -129,046 | -379,310 | -406,823 | -85,026 | 74,017 | -27,020 | -50,239 | 26,287 | 12,422 | 52,475 | -121,322 | -119,518 | -168,941 |
| Interest Payable | 24,414 | 11,099 | 3,090 | 4,838 | 4,676 | 7,041 | 9,421 | 19,203 | 17,024 | 22,872 | 18,627 | 21,787 | 17,423 | 8,605 | 20,045 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -105,826 | 2,305 | 126,209 | -85,045 | 188,260 | -773 | 146,259 | 149,576 | -22,021 | 28,423 | -37,922 | 39,878 | 61,255 | 271,877 | -188,986 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,694 |
| Profit After Tax | -105,826 | 2,305 | 126,209 | -85,045 | 188,260 | -773 | 146,259 | 149,576 | -22,021 | 28,423 | -37,922 | 39,878 | 61,255 | 271,877 | -176,292 |
| Dividends Paid | 230,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -335,826 | 2,305 | 126,209 | -85,045 | 188,260 | -773 | 146,259 | 149,576 | -22,021 | 28,423 | -37,922 | 39,878 | 61,255 | 271,877 | -176,292 |
| Employee Costs | 751,191 | 656,167 | 598,710 | 619,052 | 690,044 | 625,730 | 606,011 | 596,053 | 607,409 | 627,145 | 601,567 | 631,488 | 630,370 | 594,807 | 559,659 |
| Number Of Employees | 24 | 19 | 18 | 19 | 20 | 20 | 21 | 19 | 18 | 18 | 21 | 22 | 26 | 26 | 23 |
| EBITDA* | -367,898 | -145,064 | -82,662 | -335,692 | -355,613 | -33,252 | 125,841 | 28,022 | -30,254 | 68,048 | 51,906 | 75,978 | -69,103 | -53,698 | -72,852 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 481,275 | 555,545 | 340,494 | 122,381 | 172,213 | 134,787 | 135,407 | 177,740 | 101,880 | 167,070 | 140,591 | 177,294 | 40,989 | 66,998 | 117,015 |
| Intangible Assets | 401 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 5,000 | 7,500 | 2,221 | 7,393 |
| 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 | 481,676 | 555,545 | 340,494 | 122,381 | 172,213 | 134,787 | 135,407 | 177,740 | 101,880 | 167,070 | 143,091 | 182,294 | 48,489 | 69,219 | 124,408 |
| Stock & work in progress | 597,989 | 321,452 | 313,503 | 225,674 | 287,139 | 388,706 | 451,758 | 446,528 | 497,750 | 536,082 | 552,512 | 550,620 | 562,502 | 745,550 | 867,487 |
| Trade Debtors | 241,690 | 225,728 | 170,864 | 139,413 | 171,851 | 224,422 | 179,489 | 207,908 | 156,158 | 203,191 | 261,415 | 277,342 | 347,755 | 354,245 | 272,296 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 60 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 40,168 | 26,473 | 31,002 | 29,230 | 30,150 | 18,846 | 19,879 | 18,983 | 18,037 | 17,186 | 17,744 | 27,018 | 14,952 | 14,396 | 15,139 |
| Cash | 63,663 | 51,154 | 47,209 | 23,871 | 639 | 15,352 | 599 | 5,754 | 39,355 | 1,293 | 16,200 | 9,229 | 10,835 | 7,941 | 9,996 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 943,510 | 624,807 | 562,578 | 418,188 | 489,779 | 647,326 | 651,785 | 679,173 | 711,300 | 757,752 | 847,871 | 864,209 | 936,044 | 1,122,132 | 1,164,918 |
| total assets | 1,425,186 | 1,180,352 | 903,072 | 540,569 | 661,992 | 782,113 | 787,192 | 856,913 | 813,180 | 924,822 | 990,962 | 1,046,503 | 984,533 | 1,191,351 | 1,289,326 |
| Bank overdraft | 0 | 0 | 0 | 0 | 15,869 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 204,138 | 158,494 | 77,890 | 48,688 | 68,528 | 89,872 | 60,606 | 79,238 | 64,804 | 56,650 | 69,641 | 60,265 | 122,077 | 108,700 | 98,742 |
| Group/Directors Accounts | 655,875 | 96,754 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000 | 973 | 0 | 0 | 1,106,321 | 1,488,668 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 98,559 | 119,157 | 114,880 | 20,378 | 18,816 | 2,589 | 30,649 | 29,886 | 2,701 | 35,110 | 31,050 | 31,050 | 0 | 0 | 0 |
| other current liabilities | 52,103 | 57,675 | 41,299 | 30,588 | 23,349 | 25,118 | 24,895 | 14,762 | 26,203 | 21,569 | 14,759 | 16,783 | 21,539 | 26,467 | 23,934 |
| total current liabilities | 1,010,675 | 432,080 | 234,069 | 99,654 | 126,562 | 117,579 | 116,150 | 123,886 | 93,708 | 133,329 | 116,423 | 108,098 | 143,620 | 1,241,492 | 1,611,344 |
| loans | 0 | 0 | 0 | 0 | 0 | 350,000 | 350,060 | 525,000 | 700,000 | 750,000 | 825,000 | 825,000 | 829,799 | 0 | 0 |
| hp & lease commitments | 204,074 | 202,009 | 125,045 | 23,166 | 32,636 | 0 | 5,675 | 38,979 | 0 | 0 | 36,469 | 62,413 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 204,074 | 202,009 | 125,045 | 23,166 | 32,636 | 350,000 | 355,735 | 563,979 | 700,000 | 750,000 | 861,469 | 887,413 | 829,799 | 0 | 0 |
| total liabilities | 1,214,749 | 634,089 | 359,114 | 122,820 | 159,198 | 467,579 | 471,885 | 687,865 | 793,708 | 883,329 | 977,892 | 995,511 | 973,419 | 1,241,492 | 1,611,344 |
| net assets | 210,437 | 546,263 | 543,958 | 417,749 | 502,794 | 314,534 | 315,307 | 169,048 | 19,472 | 41,493 | 13,070 | 50,992 | 11,114 | -50,141 | -322,018 |
| total shareholders funds | 210,437 | 546,263 | 543,958 | 417,749 | 502,794 | 314,534 | 315,307 | 169,048 | 19,472 | 41,493 | 13,070 | 50,992 | 11,114 | -50,141 | -322,018 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -473,945 | -220,100 | -129,046 | -379,310 | -406,823 | -85,026 | 74,017 | -27,020 | -50,239 | 26,287 | 12,422 | 52,475 | -121,322 | -119,518 | -168,941 |
| Depreciation | 106,047 | 75,036 | 46,384 | 43,618 | 51,210 | 51,774 | 51,824 | 55,042 | 19,985 | 39,261 | 36,984 | 21,003 | 44,998 | 60,648 | 90,864 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 2,500 | 2,500 | 7,221 | 5,172 | 5,225 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,694 |
| Stock | 276,537 | 7,949 | 87,829 | -61,465 | -101,567 | -63,052 | 5,230 | -51,222 | -38,332 | -16,430 | 1,892 | -11,882 | -183,048 | -121,937 | 867,487 |
| Debtors | 29,657 | 50,335 | 33,223 | -33,358 | -41,267 | 43,840 | -27,463 | 52,696 | -46,182 | -58,782 | -25,201 | -58,347 | -5,934 | 81,206 | 287,435 |
| Creditors | 45,644 | 80,604 | 29,202 | -19,840 | -21,344 | 29,266 | -18,632 | 14,434 | 8,154 | -12,991 | 9,376 | -61,812 | 13,377 | 9,958 | 98,742 |
| Accruals and Deferred Income | -5,572 | 16,376 | 10,711 | 7,239 | -1,769 | 223 | 10,133 | -11,441 | 4,634 | 6,810 | -2,024 | -4,756 | -4,928 | 2,533 | 23,934 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -634,020 | -106,368 | -163,801 | -253,470 | -235,892 | 15,449 | 139,575 | 29,541 | 67,048 | 137,079 | 82,567 | 79,639 | 128,328 | -476 | -1,092,404 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 559,121 | 96,754 | 0 | 0 | 0 | 0 | 0 | 0 | -20,000 | 19,027 | 973 | 0 | -1,106,321 | -382,347 | 1,488,668 |
| 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 | -350,000 | -60 | -174,940 | -175,000 | -50,000 | -75,000 | 0 | -4,799 | 829,799 | 0 | 0 |
| Hire Purchase and Lease Commitments | -18,533 | 81,241 | 196,381 | -7,908 | 48,863 | -33,735 | -32,541 | 66,164 | -32,409 | -32,409 | -25,944 | 93,463 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -24,414 | -11,099 | -3,090 | -4,838 | -4,676 | -7,041 | -9,421 | -19,203 | -17,024 | -22,872 | -18,627 | -21,787 | -17,423 | -8,605 | -20,045 |
| cash flow from financing | 516,174 | 166,896 | 193,291 | -12,746 | -305,813 | -40,836 | -216,902 | -128,039 | -119,433 | -111,254 | -43,598 | 66,877 | -293,945 | -390,952 | 1,322,897 |
| cash and cash equivalents | |||||||||||||||
| cash | 12,509 | 3,945 | 23,338 | 23,232 | -14,713 | 14,753 | -5,155 | -33,601 | 38,062 | -14,907 | 6,971 | -1,606 | 2,894 | -2,055 | 9,996 |
| overdraft | 0 | 0 | 0 | -15,869 | 15,869 | 0 | 0 | 0 | 0 | 0 | 0 | -4 | 0 | 4 | 0 |
| change in cash | 12,509 | 3,945 | 23,338 | 39,101 | -30,582 | 14,753 | -5,155 | -33,601 | 38,062 | -14,907 | 6,971 | -1,602 | 2,894 | -2,059 | 9,996 |
m.j. allen precision ltd Credit Report and Business Information
M.j. Allen Precision Ltd Competitor Analysis
Perform a competitor analysis for m.j. allen precision ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in TN24 area or any other competitors across 12 key performance metrics.
m.j. allen precision ltd Ownership
M.J. ALLEN PRECISION LTD group structure
M.J. Allen Precision Ltd has no subsidiary companies.
m.j. allen precision ltd directors
M.J. Allen Precision Ltd currently has 5 directors. The longest serving directors include Mr Michael Allen (Jun 1992) and Mr Ben Allen (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Allen | England | 87 years | Jun 1992 | - | Director |
| Mr Ben Allen | England | 33 years | Feb 2019 | - | Director |
| Mr Paul Rhodes | 56 years | Feb 2021 | - | Director | |
| Mr Clive Croucher | 52 years | Sep 2021 | - | Director | |
| Mr Michael Allen | 36 years | Feb 2024 | - | Director |
P&L
September 2023turnover
1.1m
-4%
operating profit
-473.9k
+115%
gross margin
-15.2%
-307.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
210.4k
-0.61%
total assets
1.4m
+0.21%
cash
63.7k
+0.24%
net assets
Total assets minus all liabilities
m.j. allen precision ltd company details
company number
02196037
Type
Private limited with Share Capital
industry
25730 - Manufacture of tools
incorporation date
November 1987
age
37
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
rydal precision engineering ltd (August 2023)
rydal precision tools limited (December 2020)
accountant
-
auditor
KRESTON REEVES LLP
address
javelin house, henwood industrial estate, ashford, kent, TN24 8DE
Bank
-
Legal Advisor
-
m.j. allen precision ltd 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 m.j. allen precision ltd. Currently there are 1 open charges and 5 have been satisfied in the past.
m.j. allen precision ltd Companies House Filings - See Documents
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