micron research limited
micron research limited Company Information
Company Number
03285611
Website
www.micron-group.comRegistered Address
109b, lancaster way business park, ely, CB6 3NX
Industry
Other research and experimental development on natural sciences and engineering
Telephone
01353654500
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
micron group ltd 100%
micron research limited Estimated Valuation
Pomanda estimates the enterprise value of MICRON RESEARCH LIMITED at £6m based on a Turnover of £5.7m and 1.06x industry multiple (adjusted for size and gross margin).
micron research limited Estimated Valuation
Pomanda estimates the enterprise value of MICRON RESEARCH LIMITED at £2.6m based on an EBITDA of £532.9k and a 4.8x industry multiple (adjusted for size and gross margin).
micron research limited Estimated Valuation
Pomanda estimates the enterprise value of MICRON RESEARCH LIMITED at £1.4m based on Net Assets of £598.4k and 2.3x industry multiple (adjusted for liquidity).
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Micron Research Limited Overview
Micron Research Limited is a live company located in ely, CB6 3NX with a Companies House number of 03285611. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in November 1996, it's largest shareholder is micron group ltd with a 100% stake. Micron Research Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.7m with rapid growth in recent years.
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Micron Research Limited Health Check
Pomanda's financial health check has awarded Micron Research Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £5.7m, make it larger than the average company (£3.8m)
- Micron Research Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (3.9%)
- Micron Research Limited
3.9% - Industry AVG
Production
with a gross margin of 49%, this company has a comparable cost of product (49%)
- Micron Research Limited
49% - Industry AVG
Profitability
an operating margin of 9.2% make it more profitable than the average company (4.5%)
- Micron Research Limited
4.5% - Industry AVG
Employees
with 24 employees, this is below the industry average (46)
24 - Micron Research Limited
46 - Industry AVG
Pay Structure
on an average salary of £55.5k, the company has an equivalent pay structure (£55.5k)
- Micron Research Limited
£55.5k - Industry AVG
Efficiency
resulting in sales per employee of £237.2k, this is more efficient (£106.3k)
- Micron Research Limited
£106.3k - Industry AVG
Debtor Days
it gets paid by customers after 96 days, this is later than average (49 days)
- Micron Research Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (51 days)
- Micron Research Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Micron Research Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is less cash available to meet short term requirements (43 weeks)
24 weeks - Micron Research Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.7%, this is a higher level of debt than the average (38.7%)
88.7% - Micron Research Limited
38.7% - Industry AVG
MICRON RESEARCH LIMITED financials
Micron Research Limited's latest turnover from March 2023 is estimated at £5.7 million and the company has net assets of £598.4 thousand. According to their latest financial statements, Micron Research Limited has 24 employees and maintains cash reserves of £2.2 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 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,567,456 | 2,708,179 | 2,277,358 | 2,485,677 | 3,203,554 | 2,061,255 | 2,405,415 | 2,600,482 | 2,017,082 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | ||||||||||
| Gross Profit | 2,567,456 | 2,708,179 | 2,277,358 | 2,485,677 | ||||||||||
| Admin Expenses | 2,567,228 | 2,821,612 | 2,389,055 | 2,360,404 | ||||||||||
| Operating Profit | 228 | -113,433 | -111,697 | 125,273 | 110,558 | 10,715 | 11,161 | 208,873 | -171,300 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 | |||||
| Interest Receivable | 72 | 7 | 0 | 120 | 292 | 285 | 1,525 | 761 | 50 | |||||
| Pre-Tax Profit | 300 | -113,426 | -111,697 | 125,393 | 110,850 | 11,000 | 12,686 | 209,634 | -171,300 | |||||
| Tax | -7,180 | 20,808 | 0 | -22,620 | -20,864 | -7,535 | -3,366 | -4,668 | 0 | |||||
| Profit After Tax | -6,880 | -92,618 | -111,697 | 102,773 | 89,986 | 3,465 | 9,320 | 204,966 | -171,300 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | -6,880 | -92,618 | -111,697 | 102,773 | 89,986 | 3,465 | 9,320 | 204,966 | -171,300 | |||||
| Employee Costs | 1,397,484 | |||||||||||||
| Number Of Employees | 24 | 24 | 25 | 24 | 26 | 28 | 31 | 29 | ||||||
| EBITDA* | 19,376 | -102,799 | -102,139 | 138,152 | 120,499 | 15,927 | 21,824 | 233,287 | -138,891 |
* 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 | 20,625 | 22,347 | 15,392 | 26,975 | 8,067 | 14,718 | 4,599 | 14,157 | 15,886 | 8,302 | 3,550 | 11,879 | 33,262 | 53,747 |
| 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 | 20,625 | 22,347 | 15,392 | 26,975 | 8,067 | 14,718 | 4,599 | 14,157 | 15,886 | 8,302 | 3,550 | 11,879 | 33,262 | 53,747 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,748 | 36,260 | 51,520 |
| Trade Debtors | 1,499,199 | 666,063 | 584,895 | 714,768 | 686,180 | 683,669 | 200,186 | 204,897 | 415,177 | 181,808 | 81,103 | 67,841 | 22,112 | 984,484 |
| Group Debtors | 329,619 | 277,430 | 1,975,765 | 1,853,578 | 1,926,211 | 1,329,010 | 1,425,267 | 1,403,660 | 817,737 | 685,921 | 775,729 | 284,993 | 920,953 | 0 |
| Misc Debtors | 1,215,618 | 931,494 | 189,041 | 35,546 | 260,677 | 75,299 | 421,772 | 273,246 | 143,850 | 104,164 | 79,757 | 119,480 | 101,272 | 0 |
| Cash | 2,249,864 | 1,994,924 | 240,718 | 416,398 | 336,986 | 315,580 | 1,090,355 | 247,452 | 661,597 | 508,712 | 783,691 | 1,165,231 | 74,065 | 142,485 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,294,300 | 3,869,911 | 2,990,419 | 3,020,290 | 3,210,054 | 2,403,558 | 3,137,580 | 2,129,255 | 2,038,361 | 1,480,605 | 1,720,280 | 1,663,293 | 1,154,662 | 1,178,489 |
| total assets | 5,314,925 | 3,892,258 | 3,005,811 | 3,047,265 | 3,218,121 | 2,418,276 | 3,142,179 | 2,143,412 | 2,054,247 | 1,488,907 | 1,723,830 | 1,675,172 | 1,187,924 | 1,232,236 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 636,738 | 259,331 | 136,381 | 92,513 | 231,095 | 43,132 | 80,879 | 47,687 | 100,642 | 108,253 | 237,473 | 260,922 | 288,804 | 1,015,506 |
| Group/Directors Accounts | 1,290,742 | 1,024,705 | 2,353,589 | 2,364,778 | 2,370,034 | 2,078,241 | 2,283,723 | 1,123,233 | 1,016,299 | 632,362 | 761,899 | 686,629 | 681,733 | 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 | 2,749,032 | 2,452,745 | 480,723 | 173,260 | 190,278 | 65,509 | 453,565 | 536,783 | 584,139 | 485,111 | 448,865 | 477,225 | 171,957 | 0 |
| total current liabilities | 4,686,512 | 3,746,781 | 2,970,693 | 2,630,551 | 2,791,407 | 2,186,882 | 2,818,167 | 1,707,703 | 1,701,080 | 1,225,726 | 1,448,237 | 1,424,776 | 1,142,494 | 1,015,506 |
| loans | 30,000 | 40,000 | 50,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,877 | 0 | 0 | 0 |
| total long term liabilities | 30,000 | 40,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,877 | 0 | 0 | 0 |
| total liabilities | 4,716,512 | 3,786,781 | 3,020,693 | 2,630,551 | 2,791,407 | 2,186,882 | 2,818,167 | 1,707,703 | 1,701,080 | 1,225,726 | 1,464,114 | 1,424,776 | 1,142,494 | 1,015,506 |
| net assets | 598,413 | 105,477 | -14,882 | 416,714 | 426,714 | 231,394 | 324,012 | 435,709 | 353,167 | 263,181 | 259,716 | 250,396 | 45,430 | 216,730 |
| total shareholders funds | 598,413 | 105,477 | -14,882 | 416,714 | 426,714 | 231,394 | 324,012 | 435,709 | 353,167 | 263,181 | 259,716 | 250,396 | 45,430 | 216,730 |
| 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 | 228 | -113,433 | -111,697 | 125,273 | 110,558 | 10,715 | 11,161 | 208,873 | -171,300 | |||||
| Depreciation | 9,963 | 16,545 | 14,464 | 19,148 | 7,051 | 10,634 | 9,558 | 12,879 | 9,941 | 5,212 | 10,663 | 24,414 | 32,409 | 36,691 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -7,180 | 20,808 | 0 | -22,620 | -20,864 | -7,535 | -3,366 | -4,668 | 0 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,748 | -10,512 | -15,260 | 51,520 |
| Debtors | 1,169,449 | -874,714 | 145,809 | -269,176 | 785,090 | 40,753 | 165,422 | 505,039 | 404,871 | 35,304 | 464,275 | -572,023 | 59,853 | 984,484 |
| Creditors | 377,407 | 122,950 | 43,868 | -138,582 | 187,963 | -37,747 | 33,192 | -52,955 | -7,611 | -129,220 | -23,449 | -27,882 | -726,702 | 1,015,506 |
| Accruals and Deferred Income | 296,287 | 1,972,022 | 307,463 | -17,018 | 124,769 | -388,056 | -83,218 | -47,356 | 99,028 | 36,246 | -28,360 | 305,268 | 171,957 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,877 | 15,877 | 0 | 0 | 0 |
| Cash flow from operations | 125,772 | -548,547 | -317,587 | -489,818 | -213,819 | -135,763 | -456,001 | 1,088,540 | -738,229 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 266,037 | -1,328,884 | -11,189 | -5,256 | 291,793 | -205,482 | 1,160,490 | 106,934 | 383,937 | -129,537 | 75,270 | 4,896 | 681,733 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -10,000 | 50,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 72 | 7 | 0 | 120 | 292 | 285 | 1,525 | 761 | 0 | |||||
| cash flow from financing | -8,304 | -205,475 | 1,160,490 | 86,823 | 384,229 | -129,252 | 76,795 | 5,657 | 681,733 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | 254,940 | 1,754,206 | -175,680 | 79,412 | 21,406 | -774,775 | 842,903 | -414,145 | 152,885 | -274,979 | -381,540 | 1,091,166 | -68,420 | 142,485 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 254,940 | 1,754,206 | -175,680 | 79,412 | 21,406 | -774,775 | 842,903 | -414,145 | 152,885 | -274,979 | -381,540 | 1,091,166 | -68,420 | 142,485 |
micron research limited Credit Report and Business Information
Micron Research Limited Competitor Analysis
Perform a competitor analysis for micron research limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
micron research limited Ownership
MICRON RESEARCH LIMITED group structure
Micron Research Limited has no subsidiary companies.
micron research limited directors
Micron Research Limited currently has 2 directors. The longest serving directors include Dr Ian Harding (Feb 1997) and Mrs Miriam O'Hare (Feb 1997).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Ian Harding | 67 years | Feb 1997 | - | Director | |
| Mrs Miriam O'Hare | 67 years | Feb 1997 | - | Director |
P&L
March 2023turnover
5.7m
+76%
operating profit
523k
0%
gross margin
49.1%
+1.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
598.4k
+4.67%
total assets
5.3m
+0.37%
cash
2.2m
+0.13%
net assets
Total assets minus all liabilities
micron research limited company details
company number
03285611
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
November 1996
age
28
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
109b, lancaster way business park, ely, CB6 3NX
last accounts submitted
March 2023
micron research limited 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 did not find charges/mortgages relating to micron research limited.
micron research limited Companies House Filings - See Documents
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