Microbore Tooling Systems Limited

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microbore tooling systems limited Company Information

Company Number

02587290

Next Accounts

Sep 2025

Directors

Christopher Atkinson

William Atkinson

Shareholders

christopher david atkinson

william atkinson

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Group Structure

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Industry

Manufacture of metal forming machinery

Registered Address

manor court chambers, townsend drive, nuneaton, warwickshire, CV11 6RU

Website

www.microbore.com

microbore tooling systems limited Estimated Valuation

£829.1k

Pomanda estimates the enterprise value of MICROBORE TOOLING SYSTEMS LIMITED at £829.1k based on a Turnover of £1.6m and 0.52x industry multiple (adjusted for size and gross margin).

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Microbore Tooling Systems Limited is a live company located in nuneaton, CV11 6RU with a Companies House number of 02587290. It operates in the manufacture of metal forming machinery sector, SIC Code 28410. Founded in March 1991, it's largest shareholder is christopher david atkinson with a 78.4% stake. Microbore Tooling Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with low growth in recent years.

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Pomanda's financial health check has awarded Microbore Tooling Systems Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £1.6m, make it larger than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (-0.3%)

EXPORT

Microbore Tooling Systems Limited's latest turnover from December 2023 is estimated at £1.6 million and the company has net assets of £397 thousand. According to their latest financial statements, Microbore Tooling Systems Limited has 20 employees and maintains cash reserves of £25.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,588,112	1,164,896	1,141,979	1,455,502	1,569,625	1,476,109	1,149,655	1,289,876	450,651	1,119,503	1,149,919	1,011,348	853,007	770,443
Other Income Or Grants
Cost Of Sales	1,151,171	825,014	855,535	1,087,983	1,145,511	1,013,752	769,687	840,283	307,599	787,412	818,029	711,901	599,028	539,769
Gross Profit	436,941	339,883	286,444	367,519	424,113	462,356	379,968	449,592	143,052	332,092	331,890	299,446	253,979	230,674
Admin Expenses	455,158	295,722	306,623	378,501	366,586	422,293	359,767	386,336	149,406	320,494	319,108	245,701	105,998	245,303	-278,298
Operating Profit	-18,217	44,161	-20,179	-10,982	57,527	40,063	20,201	63,256	-6,354	11,598	12,782	53,745	147,981	-14,629	278,298
Interest Payable	17,840	21,889	20,773	17,642	8,661	5,328	5,728	4,646	1,820
Interest Receivable	3,076	5,066	594	148	236	337	317	160	179	97	80	161	128	15	4
Pre-Tax Profit	-32,981	27,338	-40,359	-28,476	49,102	35,072	14,790	58,770	-7,995	11,695	12,862	53,905	148,109	-14,614	278,301
Tax		-5,194			-9,329	-6,664	-2,810	-11,754		-2,456	-2,958	-12,937	-38,508		-77,924
Profit After Tax	-32,981	22,144	-40,359	-28,476	39,773	28,408	11,980	47,016	-7,995	9,239	9,904	40,968	109,601	-14,614	200,377
Dividends Paid
Retained Profit	-32,981	22,144	-40,359	-28,476	39,773	28,408	11,980	47,016	-7,995	9,239	9,904	40,968	109,601	-14,614	200,377
Employee Costs	944,081	974,819	890,544	947,926	1,021,083	887,493	794,485	774,692	156,654	390,160	350,887	315,633	223,614	183,812
Number Of Employees	20	22	22	21	21	21	20	20	4	10	9	8	6	5
EBITDA*	5,288	73,820	15,388	32,024	100,274	86,345	67,092	96,854	29,217	34,207	37,290	73,909	161,058	-1,794	304,937

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	191,403	214,908	239,067	264,577	277,108	304,264	338,482	349,933	284,406	227,809	208,266	232,774	115,005	106,953	94,950
Intangible Assets	4,188	4,188	4,188	4,188	4,188	3,351	3,040	2,405	2,405	2,000	2,000	2,000	2,000	2,000	2,000
Investments & Other	51	51	51	51	51
Debtors (Due After 1 year)
Total Fixed Assets	195,642	219,147	243,306	268,816	281,347	307,615	341,522	352,338	286,811	229,809	210,266	234,774	117,005	108,953	96,950
Stock & work in progress	205,751	204,483	204,634	206,643	206,075	171,533	152,523	141,824	138,949	127,376	134,341	150,795	142,970	150,669	148,263
Trade Debtors	276,510	213,022	252,404	242,234	299,218	236,118	268,636	212,974	171,406	314,097	255,941	227,655	182,519	125,704	89,266
Group Debtors
Misc Debtors	147,727	131,232	133,288	118,472	111,932	114,048	126,275	156,668	120,259
Cash	25,321	91,865	197,630	277,172	19,032	44,009	45,897	80,957	47,031	24,395	14,537	17,470	46,780	4,421	1,514
misc current assets
total current assets	655,309	640,602	787,956	844,521	636,257	565,708	593,331	592,423	477,645	465,868	404,819	395,920	372,269	280,794	239,043
total assets	850,951	859,749	1,031,262	1,113,337	917,604	873,323	934,853	944,761	764,456	695,677	615,085	630,694	489,274	389,747	335,993
Bank overdraft	62,500	67,162	76,487	29,631	19,256	9,301	8,431	8,807	12,953
Bank loan
Trade Creditors	75,345	89,183	58,749	47,048	68,975	64,510	57,200	35,913	21,693	184,820	192,671	203,445	188,446	199,077	133,616
Group/Directors Accounts									36,605
other short term finances					103,767
hp & lease commitments		3,809	9,143	22,943	24,445	24,445	33,403	53,357	44,395
other current liabilities	209,754	107,410	242,492	141,660	105,736	185,594	235,441	212,621	121,893
total current liabilities	347,599	267,564	386,871	241,282	322,179	283,850	334,475	310,698	237,539	184,820	192,671	203,445	188,446	199,077	133,616
loans	62,500	125,000	192,162	366,456	59,310	64,999	75,137	83,861	43,035
hp & lease commitments			3,809	12,952	13,800	38,245	62,689	96,092	80,484
Accruals and Deferred Income
other liabilities										126,221	54,965	75,000	3,464	2,907
provisions	43,827	37,179	40,598	44,466	45,658	49,345	54,076	57,614	40,248	27,161	19,213	13,917
total long term liabilities	106,327	162,179	236,569	423,874	118,768	152,589	191,902	237,567	163,767	153,382	74,178	88,917	3,464	2,907
total liabilities	453,926	429,743	623,440	665,156	440,947	436,439	526,377	548,265	401,306	338,202	266,849	292,362	191,910	201,984	133,616
net assets	397,025	430,006	407,822	448,181	476,657	436,884	408,476	396,496	363,150	357,475	348,236	338,332	297,364	187,763	202,377
total shareholders funds	397,025	430,006	407,822	448,181	476,657	436,884	408,476	396,496	363,150	357,475	348,236	338,332	297,364	187,763	202,377

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-18,217	44,161	-20,179	-10,982	57,527	40,063	20,201	63,256	-6,354	11,598	12,782	53,745	147,981	-14,629	278,298
Depreciation	23,505	29,659	35,567	43,006	42,747	46,282	46,891	33,598	35,571	22,609	24,508	20,164	13,077	12,835	6,876
Amortisation															19,763
Tax		-5,194			-9,329	-6,664	-2,810	-11,754		-2,456	-2,958	-12,937	-38,508		-77,924
Stock	1,268	-151	-2,009	568	34,542	19,010	10,699	2,875	11,573	-6,965	-16,454	7,825	-7,699	2,406	148,263
Debtors	79,983	-41,438	24,986	-50,444	60,984	-44,745	25,269	77,977	-22,432	58,156	28,286	45,136	56,815	36,438	89,266
Creditors	-13,838	30,434	11,701	-21,927	4,465	7,310	21,287	14,220	-163,127	-7,851	-10,774	14,999	-10,631	65,461	133,616
Accruals and Deferred Income	102,344	-135,082	100,832	35,924	-79,858	-49,847	22,820	90,728	121,893
Deferred Taxes & Provisions	6,648	-3,419	-3,868	-1,192	-3,687	-4,731	-3,538	17,366	13,087	7,948	5,296	13,917
Cash flow from operations	19,191	2,148	101,076	94,705	-83,661	58,148	68,883	126,562	11,929	-19,343	17,022	36,927	62,803	24,823	123,100
Investing Activities
capital expenditure		-5,500	-10,057	-30,475	-16,428	-12,375	-36,075	-99,125	-92,573	-42,152		-137,933	-21,129	-24,838	-123,589
Change in Investments					51
cash flow from investments		-5,500	-10,057	-30,475	-16,479	-12,375	-36,075	-99,125	-92,573	-42,152		-137,933	-21,129	-24,838	-123,589
Financing Activities
Bank loans
Group/Directors Accounts								-36,605	36,605
Other Short Term Loans				-103,767	103,767
Long term loans	-62,500	-67,162	-174,294	307,146	-5,689	-10,138	-8,724	40,826	43,035
Hire Purchase and Lease Commitments	-3,809	-9,143	-22,943	-2,350	-24,445	-33,402	-53,357	24,570	124,879
other long term liabilities									-126,221	71,256	-20,035	71,536	557	2,907
share issue		40						-13,670	13,670						2,000
interest	-14,764	-16,823	-20,179	-17,494	-8,425	-4,991	-5,411	-4,486	-1,641	97	80	161	128	15	4
cash flow from financing	-81,073	-93,088	-217,416	183,535	65,208	-48,531	-67,492	10,635	90,327	71,353	-19,955	71,697	685	2,922	2,004
cash and cash equivalents
cash	-66,544	-105,765	-79,542	258,140	-24,977	-1,888	-35,060	33,926	22,636	9,858	-2,933	-29,310	42,359	2,907	1,514
overdraft	-4,662	-9,325	46,856	10,375	9,955	870	-376	-4,146	12,953
change in cash	-61,882	-96,440	-126,398	247,765	-34,932	-2,758	-34,684	38,072	9,683	9,858	-2,933	-29,310	42,359	2,907	1,514

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MICROBORE TOOLING SYSTEMS LIMITED group structure

Microbore Tooling Systems Limited has no subsidiary companies.

Ultimate parent company

MICROBORE TOOLING SYSTEMS LIMITED

02587290

MICROBORE TOOLING SYSTEMS LIMITED Shareholders

christopher david atkinson	78.43%
william atkinson	9.8%
yvonne atkinson	9.8%
adam edwin atkinson	0.49%
michelle atkinson	0.49%
caroline alice atkinson	0.49%
william john atkinson	0.49%

Microbore Tooling Systems Limited currently has 2 directors. The longest serving directors include Mr Christopher Atkinson (Sep 2004) and Mr William Atkinson (Jan 2014).

officer	country	age	start	end	role
Mr Christopher Atkinson	England	72 years	Sep 2004	-	Director
Mr William Atkinson	England	64 years	Jan 2014	-	Director

P&L

December 2023

turnover

1.6m

+36%

operating profit

-18.2k

gross margin

27.6%

-5.7%

turnover

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

Balance Sheet

December 2023

net assets

397k

-0.08%

total assets

851k

-0.01%

cash

25.3k

-0.72%

net assets

Total assets minus all liabilities

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company number

02587290

Type

Private limited with Share Capital

industry

28410 - Manufacture of metal forming machinery

incorporation date

March 1991

ultimate parent company

None

previous names

meaujo (80) limited (May 1991)

address

manor court chambers, townsend drive, nuneaton, warwickshire, CV11 6RU

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 3 charges/mortgages relating to microbore tooling systems limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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microbore tooling systems limited Company Information

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microbore tooling systems limited Estimated Valuation

microbore tooling systems limited Estimated Valuation

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