Mettex Fasteners Limited

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mettex fasteners limited Company Information

Live

MatureSmallDeclining

Company Number

02418855

Website

www.mettex.co.uk

Registered Address

c/o troy (uk) limited, skypark 1 tiger moth road, exeter, EX5 2FW

Industry

Wholesale of other machinery and equipment

Telephone

01782712345

Next Accounts Due

September 2024

Group Structure

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Directors

David Jackson2 Years

Paul Kilbride2 Years

View All

Shareholders

united tooling solutions limited 100%

mettex fasteners limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of METTEX FASTENERS LIMITED at £3.7m based on Net Assets of £1.3m and 2.75x industry multiple (adjusted for liquidity).

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Mettex Fasteners Limited AI Business Plan

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Mettex Fasteners Limited is a live company located in exeter, EX5 2FW with a Companies House number of 02418855. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in September 1989, it's largest shareholder is united tooling solutions limited with a 100% stake. Mettex Fasteners Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Mettex Fasteners Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

1 Regular

6 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (3.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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METTEX FASTENERS LIMITED group structure

Mettex Fasteners Limited has no subsidiary companies.

Ultimate parent company

TROY GROUP HOLDINGS LIMITED

14475692

UNITED TOOLING SOLUTIONS LIMITED

09845718

2 parents

METTEX FASTENERS LIMITED

02418855

METTEX FASTENERS LIMITED Shareholders

united tooling solutions limited

100%

Mettex Fasteners Limited currently has 4 directors. The longest serving directors include Mr David Jackson (Mar 2022) and Mr Paul Kilbride (Mar 2022).

officer	country	age	start	end	role
Mr David Jackson	Scotland	58 years	Mar 2022	-	Director
Mr Paul Kilbride	Wales	60 years	Mar 2022	-	Director
Mr Christopher Taylor	Scotland	43 years	Mar 2022	-	Director
Mr Paul Kilbride	Scotland	60 years	Mar 2022	-	Director

EXPORT

Mettex Fasteners Limited's latest turnover from December 2022 is estimated at £1.6 million and the company has net assets of £1.3 million. According to their latest financial statements, Mettex Fasteners Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,585,306	4,710,932	4,307,806	4,580,043	4,783,728	3,933,558	3,517,897	3,163,947	3,717,864	3,276,586	3,410,730	2,804,142	2,664,767	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,264,938	3,754,928	3,432,842	3,666,095	3,921,670	3,143,050	2,809,059	2,471,761	2,954,810	2,558,782	2,742,116	2,263,025	2,136,766	0
Gross Profit	320,368	956,004	874,964	913,947	862,058	790,508	708,838	692,186	763,054	717,804	668,614	541,117	528,001	0
Admin Expenses	318,486	498,181	1,070,038	838,588	666,269	464,603	641,322	611,522	618,401	640,107	497,043	445,654	538,781	-272,932
Operating Profit	1,882	457,823	-195,074	75,359	195,789	325,905	67,516	80,664	144,653	77,697	171,571	95,463	-10,780	272,932
Interest Payable	0	0	1,159	4,275	3,012	18	0	0	0	0	0	0	0	0
Interest Receivable	5,754	291	159	426	874	388	233	163	13	8	5	5	80	78
Pre-Tax Profit	7,636	458,114	-196,074	71,510	193,651	326,275	67,749	80,828	144,666	77,705	171,576	95,468	-10,700	273,010
Tax	-1,451	-87,042	0	-13,587	-36,794	-61,992	-13,550	-16,165	-30,380	-17,872	-41,178	-24,822	0	-76,443
Profit After Tax	6,185	371,072	-196,074	57,923	156,857	264,283	54,199	64,662	114,286	59,833	130,398	70,646	-10,700	196,567
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,185	371,072	-196,074	57,923	156,857	264,283	54,199	64,662	114,286	59,833	130,398	70,646	-10,700	196,567
Employee Costs	338,048	1,390,455	1,544,750	1,572,352	1,365,953	1,142,740	1,102,548	325,009	393,743	349,264	332,430	254,265	280,000	0
Number Of Employees	7	31	35	35	32	29	28	8	10	9	9	7	8	0
EBITDA*	1,882	475,943	-194,138	76,403	211,847	338,241	83,530	98,386	169,381	91,831	184,282	98,338	-7,333	276,905

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	0	56,975	78,844	80,338	85,420	45,930	56,583	55,547	71,908	44,967	44,300	20,068	22,943	25,944
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	56,975	78,844	80,338	85,420	45,930	56,583	55,547	71,908	44,967	44,300	20,068	22,943	25,944
Stock & work in progress	0	712,406	586,600	722,872	692,142	517,127	518,273	407,088	448,310	350,602	368,565	296,433	281,336	308,080
Trade Debtors	0	1,554,668	1,159,716	1,295,315	1,520,383	1,287,344	946,586	954,760	1,175,109	1,064,141	1,044,398	922,000	834,046	656,054
Group Debtors	1,341,137	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	200,776	129,423	14,427	503	1,150	1,670	0	0	0	3	0	0	0
Cash	0	328,788	252,360	66,574	47,027	185,992	124,470	62,092	3,125	2,198	1,047	977	841	31,144
misc current assets	0	0	0	0	11,415	11,748	9,506	0	0	0	0	0	0	0
total current assets	1,341,137	2,796,638	2,128,099	2,099,188	2,271,470	2,003,361	1,600,505	1,423,940	1,626,544	1,416,941	1,414,013	1,219,410	1,116,223	995,278
total assets	1,341,137	2,853,613	2,206,943	2,179,526	2,356,890	2,049,291	1,657,088	1,479,487	1,698,452	1,461,908	1,458,313	1,239,478	1,139,166	1,021,222
Bank overdraft	0	0	0	38,009	88,671	580	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	875,931	682,907	760,110	924,863	826,001	728,528	835,277	1,102,301	1,001,536	1,055,974	978,497	944,034	810,049
Group/Directors Accounts	0	0	0	0	0	0	0	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
hp & lease commitments	0	0	955	1,273	1,273	1,273	2,107	0	0	0	0	0	0	0
other current liabilities	0	616,262	537,610	200,375	218,756	258,875	221,845	0	0	0	0	0	0	0
total current liabilities	0	1,492,193	1,221,472	999,767	1,233,563	1,086,729	952,480	835,277	1,102,301	1,001,536	1,055,974	978,497	944,034	810,049
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	955	2,229	3,502	4,775	0	0	0	0	0	0	0
Accruals and Deferred Income	0	16,828	7,857	5,106	4,692	5,505	8,296	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	7,402	20,664	4,833	6,833	0	4,598	9,597
provisions	0	9,640	13,734	13,744	14,375	8,381	10,646	10,116	13,457	7,795	7,595	3,468	3,667	4,009
total long term liabilities	0	26,468	21,591	19,805	21,296	17,388	23,717	17,518	34,121	12,628	14,428	3,468	8,265	13,606
total liabilities	0	1,518,661	1,243,063	1,019,572	1,254,859	1,104,117	976,197	852,795	1,136,422	1,014,164	1,070,402	981,965	952,299	823,655
net assets	1,341,137	1,334,952	963,880	1,159,954	1,102,031	945,174	680,891	626,692	562,030	447,744	387,911	257,513	186,867	197,567
total shareholders funds	1,341,137	1,334,952	963,880	1,159,954	1,102,031	945,174	680,891	626,692	562,030	447,744	387,911	257,513	186,867	197,567

	Dec 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	1,882	457,823	-195,074	75,359	195,789	325,905	67,516	80,664	144,653	77,697	171,571	95,463	-10,780	272,932
Depreciation	0	18,120	936	1,044	16,058	12,336	16,014	17,722	24,728	14,134	12,711	2,875	3,447	3,973
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,451	-87,042	0	-13,587	-36,794	-61,992	-13,550	-16,165	-30,380	-17,872	-41,178	-24,822	0	-76,443
Stock	-712,406	125,806	-136,272	30,730	175,015	-1,146	111,185	-41,222	97,708	-17,963	72,132	15,097	-26,744	308,080
Debtors	-414,307	466,305	-20,603	-211,144	232,392	340,238	-6,504	-220,349	110,968	19,740	122,401	87,954	177,992	656,054
Creditors	-875,931	193,024	-77,203	-164,753	98,862	97,473	-106,749	-267,024	100,765	-54,438	77,477	34,463	133,985	810,049
Accruals and Deferred Income	-633,090	87,623	339,986	-17,967	-40,932	34,239	230,141	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-9,640	-4,094	-10	-631	5,994	-2,265	530	-3,341	5,662	200	4,127	-199	-342	4,009
Cash flow from operations	-391,517	73,343	225,510	59,879	-168,430	66,604	89,221	73,427	36,752	17,944	30,175	4,729	-24,938	50,386
Investing Activities
capital expenditure	56,975	3,749	558	4,038	-55,548	-1,683	-17,050	-1,361	-51,669	-14,801	-36,943	0	-446	-29,917
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	56,975	3,749	558	4,038	-55,548	-1,683	-17,050	-1,361	-51,669	-14,801	-36,943	0	-446	-29,917
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-955	-1,273	-1,274	-1,273	-2,107	6,882	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-7,402	-13,262	15,831	-2,000	6,833	-4,598	-4,999	9,597
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	5,754	291	-1,000	-3,849	-2,138	370	233	163	13	8	5	5	80	78
cash flow from financing	5,754	-664	-2,273	-5,123	-3,411	-1,737	-287	-13,099	15,844	-1,992	6,838	-4,593	-4,919	10,675
cash and cash equivalents
cash	-328,788	76,428	185,786	19,547	-138,965	61,522	62,378	58,967	927	1,151	70	136	-30,303	31,144
overdraft	0	0	-38,009	-50,662	88,091	580	0	0	0	0	0	0	0	0
change in cash	-328,788	76,428	223,795	70,209	-227,056	60,942	62,378	58,967	927	1,151	70	136	-30,303	31,144

P&L

December 2022

turnover

1.6m

-66%

operating profit

1.9k

gross margin

20.3%

-0.42%

turnover

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

Balance Sheet

December 2022

net assets

1.3m

total assets

1.3m

-0.53%

cash

-1%

net assets

Total assets minus all liabilities

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company number

02418855

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

September 1989

age

accounts

Audit Exemption Subsidiary

ultimate parent company

TROY GROUP HOLDINGS LIMITED

previous names

N/A

incorporated

address

c/o troy (uk) limited, skypark 1 tiger moth road, exeter, EX5 2FW

last accounts submitted

December 2022

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 4 charges/mortgages relating to mettex fasteners limited. Currently there are 3 open charges and 1 have been satisfied in the past.

mettex fasteners limited Company Information

mettex fasteners limited Estimated Valuation

mettex fasteners limited Estimated Valuation

mettex fasteners limited Estimated Valuation

Mettex Fasteners Limited AI Business Plan

Mettex Fasteners Limited Overview

Mettex Fasteners Limited Health Check

mettex fasteners limited Credit Report and Business Information

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mettex fasteners limited Ownership

mettex fasteners limited directors

METTEX FASTENERS LIMITED financials

mettex fasteners limited company details

mettex fasteners limited Charges & Mortgages

mettex fasteners limited Companies House Filings - See Documents