M.j. Allen Precision Ltd

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m.j. allen precision ltd Company Information

Live

MatureSmallHealthy

Company Number

02196037

Next Accounts

Jun 2025

Industry

Manufacture of tools

Directors

Michael Allen

Ben Allen

View All

Shareholders

m j allen holdings ltd

timothy john allen

Group Structure

View All

Contact

Registered Address

javelin house, henwood industrial estate, ashford, kent, TN24 8DE

Website

https://www.rydaltooling.com

m.j. allen precision ltd Estimated Valuation

£465.9k

Pomanda estimates the enterprise value of M.J. ALLEN PRECISION LTD at £465.9k based on Net Assets of £210.4k and 2.21x industry multiple (adjusted for liquidity).

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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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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

Health Rating2out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£8.5m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (1.3%)

EXPORT

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	-32,178	-290,087	-264,497	6,214	-88,636	-51,154	-9,491	-130,902	45,205	-65,740	-281	-157,308	-31,489	-10,631	-220,497
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-32,178	-290,087	-264,497	6,214	-88,636	-51,154	-9,491	-130,902	45,205	-65,740	-281	-157,308	-31,489	-10,631	-220,497
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-145,726
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 group structure

M.J. Allen Precision Ltd has no subsidiary companies.

Ultimate parent company

M.J. ALLEN HOLDINGS LIMITED

00699347

1 parent

M.J. ALLEN PRECISION LTD

02196037

M.J. ALLEN PRECISION LTD Shareholders

m j allen holdings ltd	99%
timothy john allen	1%

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	88 years	Jun 1992	-	Director
Mr Ben Allen	England	33 years	Feb 2019	-	Director
Mr Paul Rhodes		57 years	Feb 2021	-	Director
Mr Clive Croucher	England	53 years	Sep 2021	-	Director
Mr Michael Allen	England	36 years	Feb 2024	-	Director

P&L

September 2023

turnover

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 2023

net assets

210.4k

-0.61%

total assets

1.4m

+0.21%

cash

63.7k

+0.24%

net assets

Total assets minus all liabilities

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4.5

company number

02196037

Type

Private limited with Share Capital

industry

25730 - Manufacture of tools

incorporation date

November 1987

ultimate parent company

M.J. ALLEN HOLDINGS LIMITED

previous names

rydal precision engineering ltd (August 2023)

rydal precision tools limited (December 2020)

address

javelin house, henwood industrial estate, ashford, kent, TN24 8DE

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.

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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m.j. allen precision ltd Company Information

m.j. allen precision ltd Estimated Valuation

m.j. allen precision ltd Estimated Valuation

m.j. allen precision ltd Estimated Valuation

M.j. Allen Precision Ltd Overview

M.j. Allen Precision Ltd Health Check

M.J. ALLEN PRECISION LTD financials

m.j. allen precision ltd Credit Report and Business Information

M.j. Allen Precision Ltd Competitor Analysis

m.j. allen precision ltd Ownership

m.j. allen precision ltd directors

m.j. allen precision ltd company details

m.j. allen precision ltd Charges & Mortgages

m.j. allen precision ltd Capital Raised & Share Issues BETA

m.j. allen precision ltd Companies House Filings - See Documents