Mastek (uk) Ltd.

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mastek (uk) ltd. Company Information

Company Number

02731277

Next Accounts

42 days late

Directors

Abhishek Singh

Judith Halkerston

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Shareholders

mastek ltd

Group Structure

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Industry

Computer consultancy activities

Registered Address

100 brook drive, green park, reading, RG2 6UJ

Website

www.mastek.co.uk

mastek (uk) ltd. Estimated Valuation

£265m

Pomanda estimates the enterprise value of MASTEK (UK) LTD. at £265m based on Net Assets of £113.7m and 2.33x industry multiple (adjusted for liquidity).

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Mastek (uk) Ltd. is a live company located in reading, RG2 6UJ with a Companies House number of 02731277. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 1992, it's largest shareholder is mastek ltd with a 100% stake. Mastek (uk) Ltd. is a mature, mega sized company, Pomanda has estimated its turnover at £124.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mastek (Uk) 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

Health Rating5out of 5

7 Strong

2 Regular

2 Weak

Size

annual sales of £124.2m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (5.2%)

EXPORT

Mastek (Uk) Ltd.'s latest turnover from March 2023 is £124.2 million and the company has net assets of £113.7 million. According to their latest financial statements, Mastek (Uk) Ltd. has 512 employees and maintains cash reserves of £6.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	124,189,546	114,065,418	96,626,890	83,056,056	83,433,868	62,093,520	46,542,861	46,112,364	53,294,396	45,528,791	37,692,597	43,408,401	35,738,224	47,145,503
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	89,808,406	82,078,623	70,513,712	60,998,562	60,160,062	44,997,674	35,867,280	35,322,296	43,809,531	37,133,745	30,592,459	35,248,248	28,151,480	38,962,733
Gross Profit	34,381,140	31,986,795	26,113,178	22,057,494	23,273,806	17,095,846	10,675,581	10,790,068	9,484,865	8,395,046	7,100,138	8,160,153	7,586,744	8,182,770
Admin Expenses	10,186,086	8,551,435	13,943,537	10,274,284	11,166,589	7,839,823	8,001,179	8,704,605	7,321,089	6,573,895	5,650,994	6,196,862	5,980,866	5,576,902
Operating Profit	24,195,054	23,435,360	12,169,641	11,783,210	12,107,217	9,256,023	2,674,402	2,085,463	2,163,776	1,821,151	1,449,144	1,963,291	1,605,878	2,605,868
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	5,179	5,584	6,626
Interest Receivable	2,107,020	1,250,631	43,471	1,313,571	80,029	54,373	65,903	44,590	26,085	26,815	20,096	17,180	157,687	147,468
Pre-Tax Profit	26,302,074	24,685,991	12,213,112	13,096,781	9,521,760	9,310,396	2,833,716	-2,945,147	2,189,861	1,847,966	1,469,240	1,975,292	1,757,981	2,746,710
Tax	-5,012,428	-4,679,397	-2,360,437	-2,582,841	-2,226,503	-1,775,592	-600,407	0	-480,052	-419,865	-366,503	-506,356	-487,069	-778,763
Profit After Tax	21,289,646	20,006,594	9,852,675	10,513,940	7,295,257	7,534,804	2,233,309	-2,945,147	1,709,809	1,428,101	1,102,737	1,468,936	1,270,912	1,967,947
Dividends Paid	6,000,000	4,700,000	1,400,000	3,450,000	1,950,000	1,200,000	290,000	250,000	800,000	1,250,000	2,300,000	0	4,500,000	0
Retained Profit	15,289,646	15,306,594	8,452,675	7,063,940	5,345,257	6,334,804	1,943,309	-3,195,147	909,809	178,101	-1,197,263	1,468,936	-3,229,088	1,967,947
Employee Costs	34,515,979	32,392,044	30,988,930	27,234,046	28,186,168	21,100,321	17,824,392	4,966,422	4,902,372	4,988,250	4,568,875	4,388,131	4,509,244	3,425,964
Number Of Employees	512	472	472	484	472	374	320	42	42	41	46	40	39	44
EBITDA*	24,678,752	23,878,165	12,616,234	12,233,227	12,232,678	9,330,913	2,743,754	2,194,151	2,368,814	1,907,231	1,494,553	2,000,549	1,626,752	2,645,362

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,133,697	573,469	675,633	860,679	139,840	96,741	87,110	86,658	123,355	160,695	140,727	145,704	19,684	28,806
Intangible Assets	6,395	44,755	39,295	52,588	0	0	0	0	0	0	0	0	0	0
Investments & Other	112,173,857	70,973,716	70,969,561	70,965,115	43,603,332	27,455,096	27,024,608	6,608,990	4,096,682	6,721,241	6,721,241	6,721,241	6,722,241	1,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	113,313,949	71,591,940	71,684,489	71,878,382	43,743,172	27,551,837	27,111,718	6,695,648	4,220,037	6,881,936	6,861,968	6,866,945	6,741,925	29,806
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	25,590,674	25,739,037	22,361,314	15,067,761	18,103,120	10,260,314	5,063,146	8,673,371	8,658,998	8,845,505	12,417,258	11,553,970	8,896,397	13,300,769
Group Debtors	2,505,941	1,524,156	1,451,281	1,624,571	19,135	514,927	571,559	563,446	3,160,000	0	0	0	0	0
Misc Debtors	1,596,329	2,045,213	1,425,557	3,027,919	3,447,212	4,593,275	4,652,514	2,971,672	2,345,525	1,638,242	1,687,714	1,994,924	1,521,261	1,925,199
Cash	6,621,973	43,763,996	34,508,424	9,360,165	7,702,639	6,185,830	4,187,102	5,361,768	8,247,721	3,315,561	4,410,997	5,052,125	3,974,709	10,193,476
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	36,314,917	73,072,402	59,746,576	37,997,585	29,272,106	21,554,346	14,474,321	17,570,257	22,412,244	13,799,308	18,515,969	18,601,019	14,392,367	25,419,444
total assets	149,628,866	144,664,342	131,431,065	109,875,967	73,015,278	49,106,183	41,586,039	24,265,905	26,632,281	20,681,244	25,377,937	25,467,964	21,134,292	25,449,250
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	6,875,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	29,981,293	32,840,532	1,604,924	2,703,580	742,491	660,251	648,302	166,322	89,906	96,488	88,998	125,108	126,162	52,192
Group/Directors Accounts	0	0	4,079,834	2,562,750	3,110,497	2,466,597	1,120,297	4,508,345	5,577,363	1,961,160	5,328,477	4,671,731	2,646,605	3,651,455
other short term finances	0	0	0	9,875,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	955,525	246,100	194,529	217,516	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	15,875,985	10,160,589	10,108,596	8,567,567	6,250,701	5,007,112	3,668,327	2,450,091	3,965,058	3,478,458	2,636,794	2,791,784
total current liabilities	30,936,818	33,086,632	28,630,272	25,519,435	13,961,584	11,694,415	8,019,300	9,681,779	9,335,596	4,507,739	9,382,533	8,275,297	5,409,561	6,495,431
loans	5,000,000	11,875,000	18,750,000	25,625,000	7,500,000	0	0	0	0	0	0	0	1,000	1,000
hp & lease commitments	0	0	243,893	438,423	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	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
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	5,000,000	11,875,000	18,993,893	26,063,423	7,500,000	0	0	0	0	0	0	0	1,000	1,000
total liabilities	35,936,818	44,961,632	47,624,165	51,582,858	21,461,584	11,694,415	8,019,300	9,681,779	9,335,596	4,507,739	9,382,533	8,275,297	5,410,561	6,496,431
net assets	113,692,048	99,702,710	83,806,900	58,293,109	51,553,694	37,411,768	33,566,739	14,584,126	17,296,685	16,173,505	15,995,404	17,192,667	15,723,731	18,952,819
total shareholders funds	113,692,048	99,702,710	83,806,900	58,293,109	51,553,694	37,411,768	33,566,739	14,584,126	17,296,685	16,173,505	15,995,404	17,192,667	15,723,731	18,952,819

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	24,195,054	23,435,360	12,169,641	11,783,210	12,107,217	9,256,023	2,674,402	2,085,463	2,163,776	1,821,151	1,449,144	1,963,291	1,605,878	2,605,868
Depreciation	433,728	387,488	374,893	372,820	125,461	74,890	69,352	108,688	205,038	86,080	45,409	37,258	20,874	39,494
Amortisation	49,970	55,317	71,700	77,197	0	0	0	0	0	0	0	0	0	0
Tax	-5,012,428	-4,679,397	-2,360,437	-2,582,841	-2,226,503	-1,775,592	-600,407	0	-480,052	-419,865	-366,503	-506,356	-487,069	-778,763
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	384,538	4,070,254	5,517,901	-1,849,216	6,200,951	5,081,297	-1,921,270	-1,956,034	3,680,776	-3,621,225	556,078	3,131,236	-4,808,310	15,225,968
Creditors	-2,859,239	31,235,608	-1,098,656	1,961,089	82,240	11,949	481,980	76,416	-6,582	7,490	-36,110	-1,054	73,970	52,192
Accruals and Deferred Income	0	-15,875,985	5,715,396	51,993	1,541,029	2,316,866	1,243,589	1,338,785	1,218,236	-1,514,967	486,600	841,664	-154,990	2,791,784
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	16,422,547	30,488,137	9,354,636	13,512,684	5,428,493	4,802,839	5,790,186	5,565,386	-580,360	3,601,114	1,022,462	-796,433	5,866,973	-10,515,393
Investing Activities
capital expenditure	0	0	0	0	-9,931,143	-3,351,836	-224,097	-2,984,300	2,456,861	-106,049	-40,432	-163,278	-6,732,993	-21,285
Change in Investments	41,200,141	4,155	4,446	27,361,783	16,148,236	430,488	20,415,618	2,512,308	-2,624,559	0	0	-1,000	6,721,241	1,000
cash flow from investments	-41,200,141	-4,155	-4,446	-27,361,783	-26,079,379	-3,782,324	-20,639,715	-5,496,608	5,081,420	-106,049	-40,432	-162,278	-13,454,234	-22,285
Financing Activities
Bank loans	0	-6,875,000	6,875,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-4,079,834	1,517,084	-547,747	643,900	1,346,300	-3,388,048	-1,069,018	3,616,203	-3,367,317	656,746	2,025,126	-1,004,850	3,651,455
Other Short Term Loans	0	0	-9,875,000	9,875,000	0	0	0	0	0	0	0	0	0	0
Long term loans	-6,875,000	-6,875,000	-6,875,000	18,125,000	7,500,000	0	0	0	0	0	0	-1,000	0	1,000
Hire Purchase and Lease Commitments	709,425	-192,322	-217,517	655,939	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-1,300,308	589,216	17,061,116	-324,525	8,796,669	-2,489,775	17,039,304	482,588	213,371	0	0	0	0	16,984,872
interest	2,107,020	1,250,631	43,471	1,313,571	80,029	54,373	65,903	44,590	26,085	26,815	20,096	12,001	152,103	140,842
cash flow from financing	-5,358,863	-16,182,309	8,529,154	29,097,238	17,020,598	-1,089,102	13,717,159	-541,840	3,855,659	-3,340,502	676,842	2,036,127	-852,747	20,778,169
cash and cash equivalents
cash	-37,142,023	9,255,572	25,148,259	1,657,526	1,516,809	1,998,728	-1,174,666	-2,885,953	4,932,160	-1,095,436	-641,128	1,077,416	-6,218,767	10,193,476
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-37,142,023	9,255,572	25,148,259	1,657,526	1,516,809	1,998,728	-1,174,666	-2,885,953	4,932,160	-1,095,436	-641,128	1,077,416	-6,218,767	10,193,476

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MASTEK (UK) LTD. group structure

Mastek (Uk) Ltd. has 1 subsidiary company.

Ultimate parent company

MASTEK LTD

#0021156

1 parent

MASTEK (UK) LTD.

02731277

1 subsidiary

INDIGOBLUE CONSULTING LIMITED

04484635

MASTEK (UK) LTD. Shareholders

mastek ltd

100%

Mastek (Uk) Ltd. currently has 4 directors. The longest serving directors include Mr Abhishek Singh (May 2020) and Ms Judith Halkerston (Oct 2022).

officer	country	age	start	end	role
Mr Abhishek Singh		46 years	May 2020	-	Director
Ms Judith Halkerston	Scotland	70 years	Oct 2022	-	Director
Mr Rajeev Grover	United Kingdom	60 years	Apr 2023	-	Director
Mr Ashank Desai	United Kingdom	73 years	Apr 2023	-	Director

P&L

March 2023

turnover

124.2m

+9%

operating profit

24.2m

+3%

gross margin

27.7%

-1.28%

turnover

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

Balance Sheet

March 2023

net assets

113.7m

+0.14%

total assets

149.6m

+0.03%

cash

6.6m

-0.85%

net assets

Total assets minus all liabilities

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company number

02731277

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

July 1992

ultimate parent company

MASTEK LTD

previous names

mastek (uk) holdings limited (July 1996)

mastek (u.k.) limited (October 1995)

address

100 brook drive, green park, reading, RG2 6UJ

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 mastek (uk) ltd.. Currently there are 2 open charges and 3 have been satisfied in the past.

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mastek (uk) ltd. Company Information

mastek (uk) ltd. Estimated Valuation

mastek (uk) ltd. Estimated Valuation

mastek (uk) ltd. Estimated Valuation

Mastek (uk) Ltd. Overview

Mastek (uk) Ltd. Health Check

MASTEK (UK) LTD. financials

mastek (uk) ltd. Credit Report and Business Information

Mastek (uk) Ltd. Competitor Analysis

mastek (uk) ltd. Ownership

mastek (uk) ltd. directors

mastek (uk) ltd. company details

mastek (uk) ltd. Charges & Mortgages

mastek (uk) ltd. Capital Raised & Share Issues BETA

mastek (uk) ltd. Companies House Filings - See Documents