Mnb Precision Limited

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mnb precision limited Company Information

Company Number

02475539

Next Accounts

Nov 2025

Directors

Elliot Benton

Luke Benton

Shareholders

mnb precision (holdings) ltd

Group Structure

View All

Industry

Manufacture of tools

Registered Address

3-5 binns close, torrington avenue, coventry, CV4 9TB

Website

www.mnbprecision.com

mnb precision limited Estimated Valuation

£65.4m

Pomanda estimates the enterprise value of MNB PRECISION LIMITED at £65.4m based on an EBITDA of £8.6m and a 7.58x industry multiple (adjusted for size and gross margin).

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Mnb Precision Limited is a live company located in coventry, CV4 9TB with a Companies House number of 02475539. It operates in the manufacture of tools sector, SIC Code 25730. Founded in February 1990, it's largest shareholder is mnb precision (holdings) ltd with a 100% stake. Mnb Precision Limited is a mature, large sized company, Pomanda has estimated its turnover at £30.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Mnb Precision Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

1 Regular

3 Weak

Size

annual sales of £30.9m, make it larger than the average company (£11.4m)

Growth

3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (8%)

EXPORT

Mnb Precision Limited's latest turnover from February 2024 is £30.9 million and the company has net assets of £8.3 million. According to their latest financial statements, Mnb Precision Limited has 125 employees and maintains cash reserves of £978.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	30,921,888	23,394,301	13,922,745	11,753,476	18,262,130	7,414,135	3,984,020	6,691,717	6,277,351	10,306,830	8,627,651	10,577,225	8,631,919	5,940,774	3,927,295
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	18,259,102	15,080,302	9,820,477	7,600,402	13,148,589	4,668,540	2,539,825	4,461,632	4,279,467	6,777,281	5,722,133	6,825,201	5,793,709	4,928,082	3,411,894
Gross Profit	12,662,786	8,313,999	4,102,268	4,153,074	5,113,541	2,745,596	1,444,195	2,230,085	1,997,884	3,529,549	2,905,518	3,752,024	2,838,210	1,012,692	515,401
Admin Expenses	4,867,977	3,942,814	2,471,898	2,449,657	3,038,346	2,526,343	1,508,843	2,040,361	2,306,841	2,933,479	2,643,288	2,562,132	2,026,753	813,613	775,910
Operating Profit	7,794,809	4,371,185	1,630,370	1,703,417	2,075,195	219,253	-64,648	189,724	-308,957	596,070	262,230	1,189,892	811,457	199,079	-260,509
Interest Payable	231,778	223,071	174,778	193,876	125,779	8,552	5,144	32,889	142,053	73,859	91,732	87,509	83,025	60,727	29,056
Interest Receivable	501	18,983	15,360	47	0	402	176	95	0	532	0	0	0	0	0
Pre-Tax Profit	7,563,532	4,167,097	1,470,952	1,509,588	1,949,416	211,102	-69,616	156,929	-451,012	522,743	170,498	1,102,383	728,432	138,352	-289,565
Tax	-1,861,869	-871,867	-168,883	-185,812	-103,012	-40,109	0	-31,386	159,209	-11,477	-35,967	-289,413	-136,173	-29,084	111,511
Profit After Tax	5,701,663	3,295,230	1,302,069	1,323,776	1,846,404	170,993	-69,616	125,543	-291,803	511,266	134,531	812,970	592,259	109,268	-178,054
Dividends Paid	2,482,500	1,250,000	1,000,000	1,000,000	1,000,000	0	0	0	360,000	460,000	360,000	360,000	177,777	200,000	0
Retained Profit	3,219,163	2,045,230	302,069	323,776	846,404	170,993	-69,616	125,543	-651,803	51,266	-225,469	452,970	414,482	-90,732	-178,054
Employee Costs	6,490,745	5,667,200	4,201,992	4,199,176	5,112,938	3,301,469	2,205,019	1,341,764	2,371,489	3,250,476	3,045,878	3,110,907	3,005,799	2,036,971	1,666,571
Number Of Employees	125	104	83	86	106	83	58	37	63	84	70	75	71	56	55
EBITDA*	8,635,982	4,986,286	2,075,385	2,138,695	2,571,978	550,050	228,432	513,903	335,844	932,329	588,386	1,445,872	994,201	396,270	-75,604

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	3,783,626	3,886,387	1,825,058	1,766,525	2,161,287	1,498,348	1,518,570	1,322,299	3,333,234	2,565,480	1,422,124	1,438,082	1,166,764	1,263,659	883,619
Intangible Assets	0	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	2	2	2	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,783,626	3,886,387	1,825,058	1,766,525	2,161,287	1,498,348	1,518,570	1,322,299	3,333,234	2,565,482	1,422,126	1,438,084	1,166,766	1,263,661	883,621
Stock & work in progress	4,800,639	3,926,247	2,034,414	1,507,403	1,460,573	1,659,196	669,453	403,306	280,377	893,548	1,202,052	1,438,254	1,322,840	752,057	422,584
Trade Debtors	9,576,052	6,638,008	3,171,980	2,166,064	3,371,557	690,678	433,340	2,102,715	74,650	439,724	411,977	941,060	889,571	1,263,638	949,525
Group Debtors	491,068	96,820	2,082,575	1,853,522	1,511,244	1,470,031	1,409,867	0	1,358,516	1,505,725	1,714,422	1,581,414	1,206,422	1,025,961	987,426
Misc Debtors	244,757	481,068	299,265	252,371	213,573	118,677	40,662	0	74,183	191,096	152,345	81,163	429	15,138	7,374
Cash	978,509	645,151	267,548	145,916	10,345	68,571	38,595	31,998	43,611	30,127	12,164	64,074	81,767	69,074	2
misc current assets	0	50,000	50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
total current assets	16,091,025	11,837,294	7,905,782	5,975,276	6,567,292	4,007,153	2,591,917	2,538,019	1,831,337	3,060,220	3,492,960	4,105,965	3,501,029	3,125,868	2,366,911
total assets	19,874,651	15,723,681	9,730,840	7,741,801	8,728,579	5,505,501	4,110,487	3,860,318	5,164,571	5,625,702	4,915,086	5,544,049	4,667,795	4,389,529	3,250,532
Bank overdraft	2,999,516	2,708,369	1,367,240	1,226,226	1,790,718	70,089	63,165	0	0	0	0	0	0	0	357,748
Bank loan	0	0	0	0	0	0	0	0	56,708	29,333	0	0	0	0	0
Trade Creditors	2,555,083	2,310,565	2,084,540	890,923	2,248,631	2,051,602	1,142,822	1,725,876	650,376	1,717,398	1,440,077	1,509,884	1,445,737	797,859	682,475
Group/Directors Accounts	0	90,096	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	0
hp & lease commitments	582,460	645,693	392,377	507,184	596,148	0	0	0	797,687	471,131	232,231	242,877	178,338	285,336	171,500
other current liabilities	2,794,290	1,215,917	726,614	620,001	630,331	1,097,031	998,388	0	236,408	429,962	283,551	840,153	604,929	1,101,340	454,703
total current liabilities	8,931,349	6,970,640	4,570,771	3,244,334	5,265,828	3,218,722	2,204,375	1,725,876	1,741,179	2,647,824	1,955,859	2,592,914	2,229,004	2,184,535	1,666,426
loans	395,341	790,498	1,161,224	1,036,602	0	25,030	95,119	0	995,754	410,667	0	0	0	249,160	0
hp & lease commitments	1,397,755	2,011,254	658,033	532,937	805,405	0	0	0	722,567	364,417	623,772	602,976	199,123	632,050	190,810
Accruals and Deferred Income	0	0	53,475	59,150	64,825	0	0	0	77,197	0	0	0	0	0	0
other liabilities	0	0	0	0	0	638,890	392,360	630,291	186,917	58,591	310,404	133,606	487,805	0	0
provisions	841,569	861,816	243,094	208,510	256,029	132,771	99,538	115,440	173,045	224,488	156,602	120,635	110,915	97,318	76,098
total long term liabilities	2,634,665	3,663,568	2,115,826	1,837,199	1,126,259	796,691	587,017	745,731	2,155,480	1,058,163	1,090,778	857,217	797,843	978,528	266,908
total liabilities	11,566,014	10,634,208	6,686,597	5,081,533	6,392,087	4,015,413	2,791,392	2,471,607	3,896,659	3,705,987	3,046,637	3,450,131	3,026,847	3,163,063	1,933,334
net assets	8,308,637	5,089,473	3,044,243	2,660,268	2,336,492	1,490,088	1,319,095	1,388,711	1,267,912	1,919,715	1,868,449	2,093,918	1,640,948	1,226,466	1,317,198
total shareholders funds	8,308,637	5,089,473	3,044,243	2,660,268	2,336,492	1,490,088	1,319,095	1,388,711	1,267,912	1,919,715	1,868,449	2,093,918	1,640,948	1,226,466	1,317,198

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	7,794,809	4,371,185	1,630,370	1,703,417	2,075,195	219,253	-64,648	189,724	-308,957	596,070	262,230	1,189,892	811,457	199,079	-260,509
Depreciation	841,173	615,101	445,015	435,278	496,783	330,797	293,080	324,179	644,801	336,259	326,156	255,980	182,744	197,191	184,905
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,861,869	-871,867	-168,883	-185,812	-103,012	-40,109	0	-31,386	159,209	-11,477	-35,967	-289,413	-136,173	-29,084	111,511
Stock	874,392	1,891,833	527,011	46,830	-198,623	989,743	266,147	122,929	-613,171	-308,504	-236,202	115,414	570,783	329,473	422,584
Debtors	3,095,981	1,662,076	1,281,863	-824,417	2,816,988	395,517	-218,846	595,366	-629,196	-142,199	-324,893	507,215	-208,315	360,412	1,944,325
Creditors	244,518	226,025	1,193,617	-1,357,708	197,029	908,780	-583,054	1,075,500	-1,067,022	277,321	-69,807	64,147	647,878	115,384	682,475
Accruals and Deferred Income	1,578,373	435,828	100,938	-16,005	-401,875	98,643	998,388	-313,605	-116,357	146,411	-556,602	235,224	-496,411	646,637	454,703
Deferred Taxes & Provisions	-20,247	618,722	34,584	-47,519	123,258	33,233	-15,902	-57,605	-51,443	67,886	35,967	9,720	13,597	21,220	76,098
Cash flow from operations	4,606,384	1,841,085	1,426,767	1,309,238	-230,987	165,337	580,563	468,512	502,598	1,863,173	523,072	842,921	660,624	460,542	-1,117,726
Investing Activities
capital expenditure	0	0	-503,548	-40,516	-1,159,722	-310,575	-489,351	1,686,756	-1,373,326	-1,471,103	-246,690	-507,664	-85,850	-577,231	-52,249
Change in Investments	0	0	0	0	0	0	0	0	-2	0	0	0	0	0	2
cash flow from investments	0	0	-503,548	-40,516	-1,159,722	-310,575	-489,351	1,686,756	-1,373,324	-1,471,103	-246,690	-507,664	-85,850	-577,231	-52,251
Financing Activities
Bank loans	0	0	0	0	0	0	0	-56,708	27,375	29,333	0	0	0	0	0
Group/Directors Accounts	-90,096	90,096	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	0
Long term loans	-395,157	-370,726	124,622	1,036,602	-25,030	-70,089	95,119	-995,754	585,087	410,667	0	0	-249,160	249,160	0
Hire Purchase and Lease Commitments	-676,732	1,606,537	10,289	-361,432	1,401,553	0	0	-1,520,254	684,706	-20,455	10,150	468,392	-539,925	555,076	362,310
other long term liabilities	0	0	0	0	-638,890	246,530	-237,931	443,374	128,326	-251,813	176,798	-354,199	487,805	0	0
share issue	1	0	81,906	0	0	0	0	-4,744	0	0	0	0	0	0	1,495,252
interest	-231,277	-204,088	-159,418	-193,829	-125,779	-8,150	-4,968	-32,794	-142,053	-73,327	-91,732	-87,509	-83,025	-60,727	-29,056
cash flow from financing	-1,393,261	1,121,819	57,399	481,341	611,854	168,291	-147,780	-2,166,880	1,283,441	94,405	95,216	26,684	-384,305	743,509	1,828,506
cash and cash equivalents
cash	333,358	377,603	121,632	135,571	-58,226	29,976	6,597	-11,613	13,484	17,963	-51,910	-17,693	12,693	69,072	2
overdraft	291,147	1,341,129	141,014	-564,492	1,720,629	6,924	63,165	0	0	0	0	0	0	-357,748	357,748
change in cash	42,211	-963,526	-19,382	700,063	-1,778,855	23,052	-56,568	-11,613	13,484	17,963	-51,910	-17,693	12,693	426,820	-357,746

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MNB PRECISION LIMITED group structure

Mnb Precision Limited has no subsidiary companies.

Ultimate parent company

PROPEL ENGINEERING LIMITED

15093979

MNB PRECISION (HOLDINGS) LIMITED

06504313

2 parents

MNB PRECISION LIMITED

02475539

MNB PRECISION LIMITED Shareholders

mnb precision (holdings) ltd

100%

Mnb Precision Limited currently has 2 directors. The longest serving directors include Mr Elliot Benton (Feb 2011) and Mr Luke Benton (Feb 2011).

officer	country	age	start	end	role
Mr Elliot Benton	England	39 years	Feb 2011	-	Director
Mr Luke Benton	England	42 years	Feb 2011	-	Director

P&L

February 2024

turnover

30.9m

+32%

operating profit

7.8m

+78%

gross margin

41%

+15.23%

turnover

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

Balance Sheet

February 2024

net assets

8.3m

+0.63%

total assets

19.9m

+0.26%

cash

978.5k

+0.52%

net assets

Total assets minus all liabilities

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company number

02475539

Type

Private limited with Share Capital

industry

25730 - Manufacture of tools

incorporation date

February 1990

ultimate parent company

PROPEL ENGINEERING LIMITED

previous names

timemind limited (May 1990)

address

3-5 binns close, torrington avenue, coventry, CV4 9TB

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 18 charges/mortgages relating to mnb precision limited. Currently there are 3 open charges and 15 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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mnb precision limited Company Information

mnb precision limited Estimated Valuation

mnb precision limited Estimated Valuation

mnb precision limited Estimated Valuation

Mnb Precision Limited Overview

Mnb Precision Limited Health Check

MNB PRECISION LIMITED financials

mnb precision limited Credit Report and Business Information

Mnb Precision Limited Competitor Analysis

mnb precision limited Ownership

mnb precision limited directors

mnb precision limited company details

mnb precision limited Charges & Mortgages

mnb precision limited Capital Raised & Share Issues BETA

mnb precision limited Companies House Filings - See Documents