Comac Machinery Ltd

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comac machinery ltd Company Information

Live

MatureSmallLow

Company Number

03183067

Next Accounts

Dec 2024

Industry

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

Directors

Terry Deane

Christopher Eagle

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Shareholders

gerald st. clair cameron deane

Group Structure

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Contact

Registered Address

unit 3 vicarage farm, 712 main road, dovercourt harwich, essex, CO12 4LT

Website

www.comacmachinery.com

comac machinery ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of COMAC MACHINERY LTD at £2.1m based on Net Assets of £1m and 2.07x industry multiple (adjusted for liquidity).

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Comac Machinery Ltd is a live company located in dovercourt harwich, CO12 4LT with a Companies House number of 03183067. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in April 1996, it's largest shareholder is gerald st. clair cameron deane with a 100% stake. Comac Machinery Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with low growth in recent years.

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Pomanda's financial health check has awarded Comac Machinery 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 Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£11.3m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2.2%)

EXPORT

Comac Machinery Ltd's latest turnover from March 2023 is estimated at £2.4 million and the company has net assets of £1 million. According to their latest financial statements, Comac Machinery Ltd has 11 employees and maintains cash reserves of £528.8 thousand 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	Mar 2012	Mar 2011	Mar 2010
Turnover	2,384,144	2,214,273	1,763,109	2,379,731	3,126,598	2,614,766	984,440	708,475	2,365,995	1,854,968	614,973	369,727	279,571	849,494
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,651,156	1,507,709	1,239,581	1,750,101	2,139,792	1,792,826	857,812	564,506	1,618,036	1,244,469	412,403	294,060	257,512	791,837
Gross Profit	732,988	706,565	523,529	629,630	986,807	821,941	126,628	143,969	747,959	610,499	202,570	75,667	22,059	57,657
Admin Expenses	626,540	518,312	475,722	315,394	832,442	742,814	86,325	106,391	805,792	428,832	183,441	66,636	33,669	37,396
Operating Profit	106,448	188,253	47,807	314,236	154,365	79,127	40,303	37,578	-57,833	181,667	19,129	9,031	-11,610	20,261
Interest Payable	177	181	82	0	0	0	0	0	0	0	11	0	0	0
Interest Receivable	21,861	2,744	170	0	835	575	0	0	213	145	16	0	0	0
Pre-Tax Profit	128,131	190,816	47,895	314,236	155,200	79,702	40,303	37,578	-57,620	181,812	19,134	9,031	-11,610	20,261
Tax	-24,345	-36,255	-9,100	-62,974	-29,488	-15,143	-8,550	-7,541	0	-41,817	-4,592	-1,900	0	-4,189
Profit After Tax	103,786	154,561	38,795	251,262	125,712	64,559	31,753	30,037	-57,620	139,995	14,542	7,131	-11,610	16,072
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	103,786	154,561	38,795	251,262	125,712	64,559	31,753	30,037	-57,620	139,995	14,542	7,131	-11,610	16,072
Employee Costs	535,510	512,332	490,379	493,735	832,024	734,846	286,200	201,177	638,251	479,631	156,487	112,562	72,477	254,600
Number Of Employees	11	11	11	11	19	17	7	5	16	12	4	3	2	7
EBITDA*	112,192	189,050	48,394	315,020	157,900	80,494	40,303	37,958	-57,453	181,667	19,129	9,031	-11,610	20,261

* 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	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	22,973	2,393	1,763	2,350	3,134	4,484	381	381	761	1	1	1	1	566
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	22,973	2,393	1,763	2,350	3,134	4,484	381	381	761	1	1	1	1	566
Stock & work in progress	230,000	234,145	95,000	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	754,590	671,183	519,964	665,953	673,751	564,432	293,234	165,027	403,101	320,576	152,687	125,793	157,631	166,942
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	8,000	79,393	81,660	0	0	0	0	0	0	0	0	0	0
Cash	528,821	499,910	231,905	107,344	165,026	57,719	172,418	99,311	33,662	51,501	6,405	2	1,812	19,771
misc current assets	0	0	37,474	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,513,411	1,413,238	963,736	854,957	838,777	622,151	465,652	264,338	436,763	372,077	159,092	125,795	159,443	186,713
total assets	1,536,384	1,415,631	965,499	857,307	841,911	626,635	466,033	264,719	437,524	372,078	159,093	125,796	159,444	187,279
Bank overdraft	778	2,685	2,685	0	0	0	0	0	0	0	0	338	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	264,609	294,205	194,041	24,408	371,962	282,398	186,355	18,792	0	0	25,578	2,821	7,268	27,236
Group/Directors Accounts	6,392	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	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	246,253	203,584	8,768	111,689	0	0	0	0	0	0	0	3,664	40,338	36,595
total current liabilities	518,032	500,474	205,494	136,097	371,962	282,398	186,355	18,792	0	0	25,578	6,823	47,606	63,831
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	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	221,634	98,568	0	0	0	0
provisions	0	591	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	591	0	0	0	0	0	0	221,634	98,568	0	0	0	0
total liabilities	518,032	501,065	205,494	136,097	371,962	282,398	186,355	18,792	221,634	98,568	25,578	6,823	47,606	63,831
net assets	1,018,352	914,566	760,005	721,210	469,949	344,237	279,678	245,927	215,890	273,510	133,515	118,973	111,838	123,448
total shareholders funds	1,018,352	914,566	760,005	721,210	469,949	344,237	279,678	245,927	215,890	273,510	133,515	118,973	111,838	123,448

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	106,448	188,253	47,807	314,236	154,365	79,127	40,303	37,578	-57,833	181,667	19,129	9,031	-11,610	20,261
Depreciation	5,744	797	587	784	3,535	1,367	0	380	380	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-24,345	-36,255	-9,100	-62,974	-29,488	-15,143	-8,550	-7,541	0	-41,817	-4,592	-1,900	0	-4,189
Stock	-4,145	139,145	95,000	0	0	0	0	0	0	0	0	0	0	0
Debtors	75,407	79,826	-148,256	73,862	109,319	271,198	128,207	-238,074	82,525	167,889	26,894	-31,838	-9,311	166,942
Creditors	-29,596	100,164	169,633	-347,554	89,564	96,043	167,563	18,792	0	-25,578	22,757	-4,447	-19,968	27,236
Accruals and Deferred Income	42,669	194,816	-102,921	111,689	0	0	0	0	0	0	-3,664	-36,674	3,743	36,595
Deferred Taxes & Provisions	-591	591	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	29,067	229,395	159,262	-57,681	108,657	-109,804	71,109	287,283	-139,978	-53,617	6,736	-2,152	-18,524	-87,039
Investing Activities
capital expenditure	-26,324	-1,427	0	0	-2,185	-5,470	0	0	-1,140	0	0	0	565	-566
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-26,324	-1,427	0	0	-2,185	-5,470	0	0	-1,140	0	0	0	565	-566
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	6,392	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	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-221,634	123,066	98,568	0	0	0	0
share issue	0	0	0	-1	0	0	1,998	0	0	0	0	4	0	107,376
interest	21,684	2,563	88	0	835	575	0	0	213	145	5	0	0	0
cash flow from financing	28,076	2,563	88	-1	835	575	1,998	-221,634	123,279	98,713	5	4	0	107,376
cash and cash equivalents
cash	28,911	268,005	124,561	-57,682	107,307	-114,699	73,107	65,649	-17,839	45,096	6,403	-1,810	-17,959	19,771
overdraft	-1,907	0	2,685	0	0	0	0	0	0	0	-338	338	0	0
change in cash	30,818	268,005	121,876	-57,682	107,307	-114,699	73,107	65,649	-17,839	45,096	6,741	-2,148	-17,959	19,771

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMAC MACHINERY LTD group structure

Comac Machinery Ltd has no subsidiary companies.

Ultimate parent company

COMAC MACHINERY LTD

03183067

COMAC MACHINERY LTD Shareholders

gerald st. clair cameron deane

100%

Comac Machinery Ltd currently has 3 directors. The longest serving directors include Terry Deane (Apr 1996) and Mr Christopher Eagle (Apr 1996).

officer	country	age	start	end	role
Terry Deane	England	50 years	Apr 1996	-	Director
Mr Christopher Eagle		66 years	Apr 1996	-	Director
Mr Gerald Deane		75 years	Apr 1996	-	Director

P&L

March 2023

turnover

2.4m

+8%

operating profit

106.4k

gross margin

30.8%

-3.65%

turnover

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

Balance Sheet

March 2023

net assets

+0.11%

total assets

1.5m

+0.09%

cash

528.8k

+0.06%

net assets

Total assets minus all liabilities

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company number

03183067

Type

Private limited with Share Capital

industry

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

incorporation date

April 1996

ultimate parent company

None

previous names

N/A

address

unit 3 vicarage farm, 712 main road, dovercourt harwich, essex, CO12 4LT

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 comac machinery ltd. Currently there are 4 open charges and 0 have been satisfied in the past.

comac machinery ltd Company Information

comac machinery ltd Estimated Valuation

comac machinery ltd Estimated Valuation

comac machinery ltd Estimated Valuation

Comac Machinery Ltd Overview

Comac Machinery Ltd Health Check

COMAC MACHINERY LTD financials

comac machinery ltd Credit Report and Business Information

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comac machinery ltd directors

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