m.j. allen castings and machining ltd
m.j. allen castings and machining ltd Company Information
Company Number
02378447
Website
https://www.mjallen.group/Registered Address
javelin house, henwood industrial estate, ashford, kent, TN24 8DE
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Telephone
01233622214
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
m j allen holdings ltd 50%
michael john allen & unallocated 50%
m.j. allen castings and machining ltd Estimated Valuation
Pomanda estimates the enterprise value of M.J. ALLEN CASTINGS AND MACHINING LTD at £5.8m based on a Turnover of £10m and 0.58x industry multiple (adjusted for size and gross margin).
m.j. allen castings and machining ltd Estimated Valuation
Pomanda estimates the enterprise value of M.J. ALLEN CASTINGS AND MACHINING LTD at £11m based on an EBITDA of £2.2m and a 4.91x industry multiple (adjusted for size and gross margin).
m.j. allen castings and machining ltd Estimated Valuation
Pomanda estimates the enterprise value of M.J. ALLEN CASTINGS AND MACHINING LTD at £9m based on Net Assets of £3.1m and 2.93x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
M.j. Allen Castings And Machining Ltd Overview
M.j. Allen Castings And Machining Ltd is a live company located in ashford, TN24 8DE with a Companies House number of 02378447. It operates in the other engineering activities sector, SIC Code 71129. Founded in May 1989, it's largest shareholder is m j allen holdings ltd with a 50% stake. M.j. Allen Castings And Machining Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £10m with healthy growth in recent years.
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M.j. Allen Castings And Machining Ltd Health Check
Pomanda's financial health check has awarded M.J. Allen Castings And Machining Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £10m, make it larger than the average company (£3.1m)
£10m - M.j. Allen Castings And Machining Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.5%)
13% - M.j. Allen Castings And Machining Ltd
5.5% - Industry AVG
Production
with a gross margin of 23.8%, this company has a higher cost of product (32%)
23.8% - M.j. Allen Castings And Machining Ltd
32% - Industry AVG
Profitability
an operating margin of 15% make it more profitable than the average company (5.7%)
15% - M.j. Allen Castings And Machining Ltd
5.7% - Industry AVG
Employees
with 92 employees, this is above the industry average (24)
92 - M.j. Allen Castings And Machining Ltd
24 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has a lower pay structure (£50.9k)
£30.6k - M.j. Allen Castings And Machining Ltd
£50.9k - Industry AVG
Efficiency
resulting in sales per employee of £108.2k, this is equally as efficient (£120.6k)
£108.2k - M.j. Allen Castings And Machining Ltd
£120.6k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is near the average (68 days)
76 days - M.j. Allen Castings And Machining Ltd
68 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is slower than average (28 days)
32 days - M.j. Allen Castings And Machining Ltd
28 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is in line with average (43 days)
39 days - M.j. Allen Castings And Machining Ltd
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - M.j. Allen Castings And Machining Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.6%, this is a lower level of debt than the average (57.3%)
31.6% - M.j. Allen Castings And Machining Ltd
57.3% - Industry AVG
M.J. ALLEN CASTINGS AND MACHINING LTD financials
M.J. Allen Castings And Machining Ltd's latest turnover from September 2023 is £10 million and the company has net assets of £3.1 million. According to their latest financial statements, M.J. Allen Castings And Machining Ltd has 92 employees and maintains cash reserves of £13.4 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 | 9,952,763 | 7,634,807 | 6,487,967 | 6,921,704 | 6,993,622 | 6,099,976 | 5,511,769 | 5,661,647 | 4,882,282 | 3,631,685 | 4,123,788 | 3,541,636 | 2,577,295 | 2,254,547 | 3,420,833 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 7,583,981 | 7,241,415 | 6,617,135 | 7,678,682 | 6,711,113 | 6,066,331 | 5,779,220 | 6,264,438 | 4,641,506 | 3,748,390 | 3,660,586 | 3,185,746 | 2,523,147 | 2,221,847 | 2,844,250 |
| Gross Profit | 2,368,782 | 393,392 | -129,168 | -756,978 | 282,509 | 33,645 | -267,451 | -602,791 | 240,776 | -116,705 | 463,202 | 355,890 | 54,148 | 32,700 | 576,583 |
| Admin Expenses | 879,837 | 1,022,548 | 620,834 | 663,784 | 845,279 | 752,091 | 792,784 | 830,768 | 342,217 | 342,365 | 281,575 | 296,010 | 279,162 | 248,290 | 958,601 |
| Operating Profit | 1,488,945 | -629,156 | -750,002 | -1,420,762 | -562,770 | -718,446 | -1,060,235 | -1,433,559 | -101,441 | -459,070 | 181,627 | 59,880 | -225,014 | -215,590 | -382,018 |
| Interest Payable | 100,939 | 59,510 | 23,676 | 34,670 | 19,762 | 13,790 | 19,636 | 43,227 | 25,982 | 26,481 | 26,257 | 28,291 | 31,612 | 17,092 | 27,408 |
| Interest Receivable | 0 | 0 | 6 | 0 | 0 | 86 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,207,251 | -702,741 | 1,726,328 | -455,432 | -82,532 | 267,884 | -685,367 | 747,886 | 440,460 | 226,725 | 201,434 | 1,780,589 | -706,626 | 3,367,318 | -409,426 |
| Tax | 0 | 55,028 | 0 | 22,732 | 21 | 129,553 | 69,640 | 0 | 0 | 0 | -4,614 | 0 | 0 | -29,898 | 6,434 |
| Profit After Tax | 1,207,251 | -647,713 | 1,726,328 | -432,700 | -82,511 | 397,437 | -615,727 | 747,886 | 440,460 | 226,725 | 196,820 | 1,780,589 | -706,626 | 3,337,420 | -402,992 |
| Dividends Paid | 500,000 | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 707,251 | -647,713 | 1,226,328 | -432,700 | -82,511 | 397,437 | -615,727 | 747,886 | 440,460 | 226,725 | 196,820 | 1,780,589 | -706,626 | 3,337,420 | -402,992 |
| Employee Costs | 2,810,768 | 3,018,877 | 3,355,138 | 3,776,678 | 3,223,240 | 2,927,175 | 2,846,837 | 3,130,016 | 1,380,376 | 1,195,774 | 1,041,194 | 857,742 | 650,748 | 650,748 | 867,244 |
| Number Of Employees | 92 | 88 | 99 | 102 | 97 | 88 | 91 | 99 | 38 | 33 | 31 | 25 | 23 | 22 | 26 |
| EBITDA* | 2,243,933 | -5,824 | -147,078 | -740,356 | 43,599 | -177,084 | -499,290 | -932,681 | 252,443 | -132,839 | 417,828 | 331,394 | 66,491 | -5,929 | -190,132 |
* 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 | 1,485,998 | 2,120,186 | 2,538,854 | 2,537,205 | 2,456,704 | 1,560,307 | 1,604,358 | 1,597,648 | 1,274,450 | 1,192,774 | 1,040,291 | 790,139 | 1,002,750 | 1,079,784 | 698,170 |
| Intangible Assets | 5,214 | 6,078 | 6,942 | 7,806 | 4,020 | 0 | 0 | 0 | 0 | 237 | 808 | 1,872 | 6,036 | 15,610 | 22,095 |
| 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 | 29,898 |
| Total Fixed Assets | 1,491,212 | 2,126,264 | 2,545,796 | 2,545,011 | 2,460,724 | 1,560,307 | 1,604,358 | 1,597,648 | 1,274,450 | 1,193,011 | 1,041,099 | 792,011 | 1,008,786 | 1,095,394 | 750,163 |
| Stock & work in progress | 823,896 | 1,600,507 | 1,459,890 | 1,107,270 | 1,299,007 | 1,339,266 | 1,253,106 | 1,241,787 | 904,821 | 1,015,046 | 792,153 | 686,268 | 553,844 | 574,458 | 708,242 |
| Trade Debtors | 2,075,054 | 1,272,288 | 1,265,394 | 1,260,014 | 1,438,685 | 944,544 | 970,187 | 642,451 | 1,048,852 | 762,496 | 879,013 | 772,484 | 330,474 | 1,007,601 | 933,043 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 79,458 | 573,775 | 102,645 | 188,112 | 98,302 | 169,939 | 93,222 | 29,037 | 19,204 | 25,312 | 222,602 | 1,091 | 2,164 | 29,029 | 9,883 |
| Cash | 13,434 | 230,661 | 4,746 | 60,339 | 32 | 33,063 | 120 | 18,268 | 36,003 | 0 | 9,115 | 4,871 | 3,473 | 17,114 | 34,255 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,991,842 | 3,677,231 | 2,832,675 | 2,615,735 | 2,836,026 | 2,486,812 | 2,316,635 | 1,931,543 | 2,008,880 | 1,802,854 | 1,902,883 | 1,464,714 | 889,955 | 1,628,202 | 1,685,423 |
| total assets | 4,483,054 | 5,803,495 | 5,378,471 | 5,160,746 | 5,296,750 | 4,047,119 | 3,920,993 | 3,529,191 | 3,283,330 | 2,995,865 | 2,943,982 | 2,256,725 | 1,898,741 | 2,723,596 | 2,435,586 |
| Bank overdraft | 64,518 | 0 | 0 | 0 | 149,966 | 0 | 0 | 0 | 0 | 474 | 5 | 5 | 5 | 4,996 | 5 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 681,903 | 792,540 | 595,452 | 443,842 | 776,750 | 394,018 | 528,454 | 400,243 | 332,529 | 278,554 | 397,373 | 268,801 | 200,880 | 367,256 | 164,448 |
| Group/Directors Accounts | 235,652 | 1,989,128 | 1,079,313 | 1,766,138 | 1,015,977 | 0 | 1,183,952 | 157,443 | 0 | 130,000 | 130,000 | 268,502 | 276,527 | 1,794,444 | 5,271,651 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 174,561 | 168,856 | 204,010 | 295,862 | 310,506 | 100,914 | 47,155 | 131,516 | 267,097 | 185,444 | 107,510 | 121,882 | 155,045 | 222,450 | 147,100 |
| other current liabilities | 193,473 | 241,868 | 88,424 | 298,797 | 133,889 | 101,688 | 69,057 | 82,242 | 60,534 | 82,564 | 162,223 | 31,324 | 29,614 | 30,109 | 39,674 |
| total current liabilities | 1,350,107 | 3,192,392 | 1,967,199 | 2,804,639 | 2,387,088 | 596,620 | 1,828,618 | 771,444 | 660,160 | 677,036 | 797,111 | 690,514 | 662,071 | 2,419,255 | 5,622,878 |
| loans | 0 | 0 | 0 | 0 | 0 | 819,644 | 0 | 0 | 500,000 | 570,000 | 600,000 | 470,000 | 1,794,000 | 0 | 0 |
| hp & lease commitments | 65,042 | 250,449 | 402,905 | 574,068 | 694,923 | 141,043 | 0 | 49,645 | 162,954 | 229,073 | 253,840 | 0 | 127,048 | 282,093 | 127,880 |
| 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 | 65,042 | 250,449 | 402,905 | 574,068 | 694,923 | 960,687 | 0 | 49,645 | 662,954 | 799,073 | 853,840 | 470,000 | 1,921,048 | 282,093 | 127,880 |
| total liabilities | 1,415,149 | 3,442,841 | 2,370,104 | 3,378,707 | 3,082,011 | 1,557,307 | 1,828,618 | 821,089 | 1,323,114 | 1,476,109 | 1,650,951 | 1,160,514 | 2,583,119 | 2,701,348 | 5,750,758 |
| net assets | 3,067,905 | 2,360,654 | 3,008,367 | 1,782,039 | 2,214,739 | 2,489,812 | 2,092,375 | 2,708,102 | 1,960,216 | 1,519,756 | 1,293,031 | 1,096,211 | -684,378 | 22,248 | -3,315,172 |
| total shareholders funds | 3,067,905 | 2,360,654 | 3,008,367 | 1,782,039 | 2,214,739 | 2,489,812 | 2,092,375 | 2,708,102 | 1,960,216 | 1,519,756 | 1,293,031 | 1,096,211 | -684,378 | 22,248 | -3,315,172 |
| 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 | 1,488,945 | -629,156 | -750,002 | -1,420,762 | -562,770 | -718,446 | -1,060,235 | -1,433,559 | -101,441 | -459,070 | 181,627 | 59,880 | -225,014 | -215,590 | -382,018 |
| Depreciation | 754,124 | 622,468 | 602,060 | 679,741 | 606,199 | 541,362 | 560,945 | 500,878 | 353,647 | 325,660 | 235,137 | 267,350 | 281,931 | 200,325 | 182,801 |
| Amortisation | 864 | 864 | 864 | 665 | 170 | 0 | 0 | 0 | 237 | 571 | 1,064 | 4,164 | 9,574 | 9,336 | 9,085 |
| Tax | 0 | 55,028 | 0 | 22,732 | 21 | 129,553 | 69,640 | 0 | 0 | 0 | -4,614 | 0 | 0 | -29,898 | 6,434 |
| Stock | -776,611 | 140,617 | 352,620 | -191,737 | -40,259 | 86,160 | 11,319 | 336,966 | -110,225 | 222,893 | 105,885 | 132,424 | -20,614 | -133,784 | 708,242 |
| Debtors | 308,449 | 478,024 | -80,087 | -88,861 | 422,504 | 51,074 | 391,921 | -396,568 | 280,248 | -313,807 | 328,040 | 440,937 | -703,992 | 63,806 | 972,824 |
| Creditors | -110,637 | 197,088 | 151,610 | -332,908 | 382,732 | -134,436 | 128,211 | 67,714 | 53,975 | -118,819 | 128,572 | 67,921 | -166,376 | 202,808 | 164,448 |
| Accruals and Deferred Income | -48,395 | 153,444 | -210,373 | 164,908 | 32,201 | 32,631 | -13,185 | 21,708 | -22,030 | -79,659 | 130,899 | 1,710 | -495 | -9,565 | 39,674 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,553,063 | -218,905 | -478,374 | -605,026 | 76,308 | -286,570 | -717,864 | -783,657 | 114,365 | -240,403 | 238,760 | -172,336 | 624,226 | 227,394 | -1,660,642 |
| 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 | -1,753,476 | 909,815 | -686,825 | 750,161 | 1,015,977 | -1,183,952 | 1,026,509 | 157,443 | -130,000 | 0 | -138,502 | -8,025 | -1,517,917 | -3,477,207 | 5,271,651 |
| 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 | -819,644 | 819,644 | 0 | -500,000 | -70,000 | -30,000 | 130,000 | -1,324,000 | 1,794,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | -179,702 | -187,610 | -263,015 | -135,499 | 763,472 | 194,802 | -134,006 | -248,890 | 15,534 | 53,167 | 239,468 | -160,211 | -222,450 | 229,563 | 274,980 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -100,939 | -59,510 | -23,670 | -34,670 | -19,762 | -13,704 | -19,636 | -43,227 | -25,982 | -26,481 | -26,257 | -28,291 | -31,612 | -17,092 | -27,408 |
| cash flow from financing | -2,034,117 | 662,695 | -973,510 | 579,992 | 747,481 | -183,210 | 872,867 | -634,674 | -210,448 | -3,314 | 204,709 | -1,520,527 | 22,021 | -3,264,736 | 2,607,043 |
| cash and cash equivalents | |||||||||||||||
| cash | -217,227 | 225,915 | -55,593 | 60,307 | -33,031 | 32,943 | -18,148 | -17,735 | 36,003 | -9,115 | 4,244 | 1,398 | -13,641 | -17,141 | 34,255 |
| overdraft | 64,518 | 0 | 0 | -149,966 | 149,966 | 0 | 0 | 0 | -474 | 469 | 0 | 0 | -4,991 | 4,991 | 5 |
| change in cash | -281,745 | 225,915 | -55,593 | 210,273 | -182,997 | 32,943 | -18,148 | -17,735 | 36,477 | -9,584 | 4,244 | 1,398 | -8,650 | -22,132 | 34,250 |
m.j. allen castings and machining ltd Credit Report and Business Information
M.j. Allen Castings And Machining Ltd Competitor Analysis
Perform a competitor analysis for m.j. allen castings and machining ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in TN24 area or any other competitors across 12 key performance metrics.
m.j. allen castings and machining ltd Ownership
M.J. ALLEN CASTINGS AND MACHINING LTD group structure
M.J. Allen Castings And Machining Ltd has no subsidiary companies.
Ultimate parent company
M.J. ALLEN CASTINGS AND MACHINING LTD
02378447
m.j. allen castings and machining ltd directors
M.J. Allen Castings And Machining 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 Aaron Walsh | England | 37 years | Mar 2021 | - | Director |
| Mr Clive Croucher | 52 years | Sep 2021 | - | Director | |
| Mr Michael Allen | 36 years | Feb 2024 | - | Director |
P&L
September 2023turnover
10m
+30%
operating profit
1.5m
-337%
gross margin
23.9%
+361.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
3.1m
+0.3%
total assets
4.5m
-0.23%
cash
13.4k
-0.94%
net assets
Total assets minus all liabilities
m.j. allen castings and machining ltd company details
company number
02378447
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
May 1989
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
m.j. allen - e.n.c. limited (December 2015)
tolhawk limited (August 1989)
accountant
-
auditor
KRESTON REEVES LLP
address
javelin house, henwood industrial estate, ashford, kent, TN24 8DE
Bank
-
Legal Advisor
-
m.j. allen castings and machining 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 5 charges/mortgages relating to m.j. allen castings and machining ltd. Currently there are 1 open charges and 4 have been satisfied in the past.
m.j. allen castings and machining ltd Companies House Filings - See Documents
| date | description | view/download |
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