mycronic ltd

5

mycronic ltd Company Information

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Company Number

02524693

Registered Address

unit 2 concept park, innovation close, poole, dorset, BH12 4QT

Industry

Manufacture of other special-purpose machinery n.e.c.

 

Telephone

01202723585

Next Accounts Due

September 2024

Group Structure

View All

Directors

Clemens Jargon3 Years

Anthony Bradbury2 Years

View All

Shareholders

mycronic ab 100%

mycronic ltd Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of MYCRONIC LTD at £4.4m based on a Turnover of £7.1m and 0.62x industry multiple (adjusted for size and gross margin).

mycronic ltd Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of MYCRONIC LTD at £3.3m based on an EBITDA of £648.7k and a 5.01x industry multiple (adjusted for size and gross margin).

mycronic ltd Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of MYCRONIC LTD at £7.3m based on Net Assets of £3.5m and 2.11x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Mycronic Ltd Overview

Mycronic Ltd is a live company located in poole, BH12 4QT with a Companies House number of 02524693. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in July 1990, it's largest shareholder is mycronic ab with a 100% stake. Mycronic Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £7.1m with healthy growth in recent years.

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Mycronic Ltd Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £7.1m, make it smaller than the average company (£10.6m)

£7.1m - Mycronic Ltd

£10.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (-0.1%)

11% - Mycronic Ltd

-0.1% - Industry AVG

production

Production

with a gross margin of 27.8%, this company has a comparable cost of product (30.9%)

27.8% - Mycronic Ltd

30.9% - Industry AVG

profitability

Profitability

an operating margin of 7.8% make it more profitable than the average company (5.4%)

7.8% - Mycronic Ltd

5.4% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (63)

13 - Mycronic Ltd

63 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.4k, the company has a higher pay structure (£48.7k)

£61.4k - Mycronic Ltd

£48.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £549.8k, this is more efficient (£173.4k)

£549.8k - Mycronic Ltd

£173.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 125 days, this is later than average (61 days)

125 days - Mycronic Ltd

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (45 days)

2 days - Mycronic Ltd

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 71 days, this is in line with average (85 days)

71 days - Mycronic Ltd

85 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 48 weeks, this is more cash available to meet short term requirements (14 weeks)

48 weeks - Mycronic Ltd

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 42.4%, this is a lower level of debt than the average (48.7%)

42.4% - Mycronic Ltd

48.7% - Industry AVG

mycronic ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mycronic Ltd Competitor Analysis

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Perform a competitor analysis for mycronic ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

mycronic ltd Ownership

MYCRONIC LTD group structure

Mycronic Ltd has no subsidiary companies.

Ultimate parent company

MYCRONIC AB

#0102204

1 parent

MYCRONIC LTD

02524693

MYCRONIC LTD Shareholders

mycronic ab 100%

mycronic ltd directors

Mycronic Ltd currently has 3 directors. The longest serving directors include Mr Clemens Jargon (Apr 2020) and Mr Anthony Bradbury (Jul 2021).

officercountryagestartendrole
Mr Clemens Jargon58 years Apr 2020- Director
Mr Anthony BradburyEngland51 years Jul 2021- Director
Mr Pierre Brorsson51 years Apr 2023- Director

MYCRONIC LTD financials

EXPORTms excel logo

Mycronic Ltd's latest turnover from December 2022 is £7.1 million and the company has net assets of £3.5 million. According to their latest financial statements, Mycronic Ltd has 13 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover7,147,4236,474,6124,253,6785,223,4695,753,3995,268,5112,555,4495,538,6105,811,4062,881,9624,455,3624,035,2773,554,6632,464,237
Other Income Or Grants00000000000000
Cost Of Sales5,160,9994,624,1782,726,4183,502,1173,796,8743,266,1261,207,5643,750,2924,181,8041,720,9683,217,0622,786,6222,479,7591,454,240
Gross Profit1,986,4241,850,4341,527,2601,721,3521,956,5252,002,3851,347,8851,788,3181,629,6021,160,9941,238,3001,248,6551,074,9041,009,997
Admin Expenses1,432,0331,223,1531,170,1131,408,6451,605,9521,649,9141,263,3181,371,9581,221,774994,4441,053,0831,034,3591,021,330817,366
Operating Profit554,391627,281357,147312,707350,573352,47184,567416,360407,828166,550185,217214,29653,574192,631
Interest Payable2,6751,6863,3434,65800010825005832,2622,6622,724
Interest Receivable01100259287981,4068451,4131,183720358817
Pre-Tax Profit551,716625,606353,804308,049350,598353,39985,365417,658408,423167,963185,817212,75451,270190,724
Tax-105,364-118,538-67,676-59,929-64,182-68,671-18,797-86,958-88,319-38,239-48,694-60,262-25,547-18,009
Profit After Tax446,352507,068286,128248,120286,416284,72866,568330,700320,104129,724137,123152,49225,723172,715
Dividends Paid00000000000000
Retained Profit446,352507,068286,128248,120286,416284,72866,568330,700320,104129,724137,123152,49225,723172,715
Employee Costs798,841680,128688,781788,599909,195931,395733,229784,589657,820585,330597,159568,769530,735445,045
Number Of Employees1313131413131211111010999
EBITDA*648,716739,939481,583437,964365,508367,40697,281419,217410,251173,989211,592240,29584,413223,139

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets316,267124,115201,340265,60030,09745,03259,96769,0691,4343,5479,74630,56356,56284,341
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets316,267124,115201,340265,60030,09745,03259,96769,0691,4343,5479,74630,56356,56284,341
Stock & work in progress1,006,7261,162,875979,0961,137,732900,780683,960706,162747,119579,500285,287436,806605,789351,066490,161
Trade Debtors2,457,3482,154,299578,4081,388,6551,381,3752,130,1361,221,7701,447,0241,421,762836,9751,062,180718,216880,277258,551
Group Debtors89,07662,267000000000000
Misc Debtors019,89969,51773,24692,98371,88991,878112,671100,39774,83291,39092,77159,49275,527
Cash2,188,4171,067,7181,972,413834,9531,479,7911,533,043382,9211,186,837796,8101,589,079844,693591,425356,819187,805
misc current assets00000000000000
total current assets5,741,5674,467,0583,599,4343,434,5863,854,9294,419,0282,402,7313,493,6512,898,4692,786,1732,435,0692,008,2011,647,6541,012,044
total assets6,057,8344,591,1733,800,7743,700,1863,885,0264,464,0602,462,6983,562,7202,899,9032,789,7202,444,8152,038,7641,704,2161,096,385
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 33,65937,88032,84029,525108,31970,27842,275106,76049,3717,26629,42142,81855,17830,523
Group/Directors Accounts1,007,928438,464139,885384,278847,5241,168,767303,4421,082,6161,088,7261,388,5131,198,843804,468692,208366,020
other short term finances00000000000000
hp & lease commitments77,38778,838141,011108,9100000000000
other current liabilities1,204,438942,526889,072785,974916,8991,499,863679,341999,274715,996671,792628,664669,893583,627357,679
total current liabilities2,323,4121,497,7081,202,8081,308,6871,872,7422,738,9081,025,0582,188,6501,854,0932,067,5711,856,9281,517,1791,331,013754,222
loans0000000000068,34068,34068,340
hp & lease commitments222,92227,48542,724123,2230000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions22,52623,35819,68818,85010,97810,2627,47810,47612,9169,3594,8217,30211,4126,095
total long term liabilities245,44850,84362,412142,07310,97810,2627,47810,47612,9169,3594,82175,64279,75274,435
total liabilities2,568,8601,548,5511,265,2201,450,7601,883,7202,749,1701,032,5362,199,1261,867,0092,076,9301,861,7491,592,8211,410,765828,657
net assets3,488,9743,042,6222,535,5542,249,4262,001,3061,714,8901,430,1621,363,5941,032,894712,790583,066445,943293,451267,728
total shareholders funds3,488,9743,042,6222,535,5542,249,4262,001,3061,714,8901,430,1621,363,5941,032,894712,790583,066445,943293,451267,728
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit554,391627,281357,147312,707350,573352,47184,567416,360407,828166,550185,217214,29653,574192,631
Depreciation94,325112,658124,436125,25714,93514,93512,7142,8572,4237,43926,37525,99930,83930,508
Amortisation00000000000000
Tax-105,364-118,538-67,676-59,929-64,182-68,671-18,797-86,958-88,319-38,239-48,694-60,262-25,547-18,009
Stock-156,149183,779-158,636236,952216,820-22,202-40,957167,619294,213-151,519-168,983254,723-139,095490,161
Debtors309,9591,588,540-813,976-12,457-727,667888,377-246,04737,536610,352-241,763342,583-128,782605,691334,078
Creditors-4,2215,0403,315-78,79438,04128,003-64,48557,38942,105-22,155-13,397-12,36024,65530,523
Accruals and Deferred Income261,91253,454103,098-130,925-582,964820,522-319,933283,27844,20443,128-41,22986,266225,948357,679
Deferred Taxes & Provisions-8323,6708387,8727162,784-2,998-2,4403,5574,538-2,481-4,1105,3176,095
Cash flow from operations646,401-1,088,7541,493,770-48,307267,966283,869-21,928465,331-492,767554,543-67,809123,888-151,810-224,812
Investing Activities
capital expenditure-286,477-35,433-60,176-360,76000-3,612-70,492-310-1,240-5,5580-3,060-114,849
Change in Investments00000000000000
cash flow from investments-286,477-35,433-60,176-360,76000-3,612-70,492-310-1,240-5,5580-3,060-114,849
Financing Activities
Bank loans00000000000000
Group/Directors Accounts569,464298,579-244,393-463,246-321,243865,325-779,174-6,110-299,787189,670394,375112,260326,188366,020
Other Short Term Loans 00000000000000
Long term loans0000000000-68,3400068,340
Hire Purchase and Lease Commitments193,986-77,412-48,398232,1330000000000
other long term liabilities00000000000000
share issue000000000000095,013
interest-2,675-1,675-3,343-4,658259287981,2985951,413600-1,542-2,304-1,907
cash flow from financing760,775219,492-296,134-235,771-321,218866,253-778,376-4,812-299,192191,083326,635110,718323,884527,466
cash and cash equivalents
cash1,120,699-904,6951,137,460-644,838-53,2521,150,122-803,916390,027-792,269744,386253,268234,606169,014187,805
overdraft00000000000000
change in cash1,120,699-904,6951,137,460-644,838-53,2521,150,122-803,916390,027-792,269744,386253,268234,606169,014187,805

P&L

December 2022

turnover

7.1m

+10%

operating profit

554.4k

-12%

gross margin

27.8%

-2.76%

turnover

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

Balance Sheet

December 2022

net assets

3.5m

+0.15%

total assets

6.1m

+0.32%

cash

2.2m

+1.05%

net assets

Total assets minus all liabilities

mycronic ltd company details

company number

02524693

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

July 1990

age

34

accounts

Small Company

ultimate parent company

MYCRONIC AB

previous names

mydata automation ltd (June 2014)

mydata (great britain) limited (February 1998)

incorporated

UK

address

unit 2 concept park, innovation close, poole, dorset, BH12 4QT

last accounts submitted

December 2022

mycronic 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 2 charges/mortgages relating to mycronic ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

charges

mycronic ltd Companies House Filings - See Documents

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