mjr controls limited

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mjr controls limited Company Information

Share MJR CONTROLS LIMITED

Company Number

03514991

Directors

Malcolm Cairns

Mark Cairns

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Shareholders

mec marine & offshore ltd

paul robert cairns

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Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

 

Registered Address

unit 85 willows court, thornaby industrial estate, stockton on tees, TS17 9PP

mjr controls limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of MJR CONTROLS LIMITED at £3.4m based on a Turnover of £5.5m and 0.61x industry multiple (adjusted for size and gross margin).

mjr controls limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of MJR CONTROLS LIMITED at £1.5m based on an EBITDA of £299.7k and a 5.09x industry multiple (adjusted for size and gross margin).

mjr controls limited Estimated Valuation

£6m

Pomanda estimates the enterprise value of MJR CONTROLS LIMITED at £6m based on Net Assets of £2.3m and 2.56x industry multiple (adjusted for liquidity).

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Mjr Controls Limited Overview

Mjr Controls Limited is a live company located in stockton on tees, TS17 9PP with a Companies House number of 03514991. It operates in the other engineering activities sector, SIC Code 71129. Founded in February 1998, it's largest shareholder is mec marine & offshore ltd with a 26% stake. Mjr Controls Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.5m with high growth in recent years.

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Mjr Controls Limited Health Check

Pomanda's financial health check has awarded Mjr Controls Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £5.5m, make it larger than the average company (£3.2m)

£5.5m - Mjr Controls Limited

£3.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (9.8%)

27% - Mjr Controls Limited

9.8% - Industry AVG

production

Production

with a gross margin of 34.5%, this company has a comparable cost of product (34.5%)

34.5% - Mjr Controls Limited

34.5% - Industry AVG

profitability

Profitability

an operating margin of 4.9% make it less profitable than the average company (6.2%)

4.9% - Mjr Controls Limited

6.2% - Industry AVG

employees

Employees

with 36 employees, this is above the industry average (25)

36 - Mjr Controls Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £54k, the company has an equivalent pay structure (£54k)

£54k - Mjr Controls Limited

£54k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £151.5k, this is more efficient (£130.7k)

£151.5k - Mjr Controls Limited

£130.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 91 days, this is later than average (69 days)

91 days - Mjr Controls Limited

69 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is slower than average (27 days)

49 days - Mjr Controls Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 42 days, this is in line with average (39 days)

42 days - Mjr Controls Limited

39 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 57 weeks, this is more cash available to meet short term requirements (21 weeks)

57 weeks - Mjr Controls Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.3%, this is a similar level of debt than the average (56.2%)

55.3% - Mjr Controls Limited

56.2% - Industry AVG

MJR CONTROLS LIMITED financials

EXPORTms excel logo

Mjr Controls Limited's latest turnover from March 2024 is estimated at £5.5 million and the company has net assets of £2.3 million. According to their latest financial statements, Mjr Controls Limited has 36 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover5,453,6723,008,6453,302,2862,668,1666,366,7703,777,6692,724,3902,423,3351,896,2973,119,6773,905,2933,274,3842,907,7123,144,5903,291,085
Other Income Or Grants000000000000000
Cost Of Sales3,571,0541,969,2142,179,4331,745,6964,306,3152,447,7141,734,6431,524,3231,191,2081,958,2222,510,2922,130,9411,790,8241,906,2612,002,063
Gross Profit1,882,6191,039,4311,122,853922,4702,060,4551,329,956989,747899,012705,0891,161,4551,395,0011,143,4431,116,8881,238,3281,289,021
Admin Expenses1,616,6761,123,059887,4701,212,1101,061,4581,164,819692,284694,310430,7241,201,8131,216,203789,4101,098,1531,117,2191,098,079
Operating Profit265,943-83,628235,383-289,640998,997165,137297,463204,702274,365-40,358178,798354,03318,735121,109190,942
Interest Payable000000000000000
Interest Receivable109,21341,3967,6138117176,2394,0091,179389199185236204870
Pre-Tax Profit375,156-42,232242,996-288,829999,714171,377301,472205,881274,754-40,159178,983354,26818,939121,196190,942
Tax-93,7890-46,1690-189,946-32,562-57,280-41,176-54,9510-41,166-85,024-4,924-33,935-53,464
Profit After Tax281,367-42,232196,827-288,829809,768138,815244,192164,705219,803-40,159137,817269,24414,01587,261137,478
Dividends Paid000000000000000
Retained Profit281,367-42,232196,827-288,829809,768138,815244,192164,705219,803-40,159137,817269,24414,01587,261137,478
Employee Costs1,943,5671,645,0091,342,3471,389,4431,669,4551,229,6591,010,137774,075823,5351,152,3321,441,7441,277,1451,158,0571,336,3701,335,707
Number Of Employees363227303626221718253230283434
EBITDA*299,691-43,915276,837-238,2631,044,382199,668324,616225,084295,782-7,636204,589376,13452,577150,028215,871

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets136,84583,552112,045117,551169,079131,964103,04279,14770,07481,79182,26077,26290,780101,14787,369
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets136,84583,552112,045117,551169,079131,964103,04279,14770,07481,79182,26077,26290,780101,14787,369
Stock & work in progress414,551485,680287,934245,204479,496328,371156,652210,848142,420132,531140,020160,601160,760148,86775,425
Trade Debtors1,370,792596,955793,567549,7211,632,110784,372603,770381,802369,779636,351824,303617,896514,241554,809547,951
Group Debtors249301202281600,0000000000000
Misc Debtors142,537383,093607,568278,665183,18650,30348,19238,724447,21701,4421,220000
Cash3,153,0361,007,473940,5961,089,572531,953901,119762,662840,862102,58752,97226,75747,23547,02134,61527
misc current assets000000000000000
total current assets5,081,1652,473,5022,629,8672,163,4433,426,7452,064,1651,571,2761,472,2361,062,003821,854992,522826,952722,022738,291623,403
total assets5,218,0102,557,0542,741,9122,280,9943,595,8242,196,1291,674,3181,551,3831,132,077903,6451,074,782904,214812,802839,438710,772
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 482,546233,279293,237171,209708,830551,895338,967449,742145,018295,504401,689379,768546,471587,384545,343
Group/Directors Accounts0000080,000050,00050,699000000
other short term finances000000000000000
hp & lease commitments000000002,385000000
other current liabilities2,373,187274,970330,956193,936673,228169,315100,89561,37794,747000000
total current liabilities2,855,733508,249624,193365,1451,382,058801,210439,862561,119292,849295,504401,689379,768546,471587,384545,343
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000000002,38511,9262,32311,10511,60116,537
provisions32,105026,68221,63930,72721,6480013,669015,25214,02516,37215,61411,314
total long term liabilities32,105026,68221,63930,72721,6480013,6692,38527,17816,34827,47727,21527,851
total liabilities2,887,838508,249650,875386,7841,412,785822,858439,862561,119306,518297,889428,867396,116573,948614,599573,194
net assets2,330,1722,048,8052,091,0371,894,2102,183,0391,373,2711,234,456990,264825,559605,756645,915508,098238,854224,839137,578
total shareholders funds2,330,1722,048,8052,091,0371,894,2102,183,0391,373,2711,234,456990,264825,559605,756645,915508,098238,854224,839137,578
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit265,943-83,628235,383-289,640998,997165,137297,463204,702274,365-40,358178,798354,03318,735121,109190,942
Depreciation33,74839,71341,45451,37745,38534,53127,15320,38221,41732,72225,79122,10133,84228,91924,929
Amortisation000000000000000
Tax-93,7890-46,1690-189,946-32,562-57,280-41,176-54,9510-41,166-85,024-4,924-33,935-53,464
Stock-71,129197,74642,730-234,292151,125171,719-54,19668,4289,889-7,489-20,581-15911,89373,44275,425
Debtors533,229-420,988572,670-1,586,6291,580,621182,713231,436-396,470180,645-189,394206,629104,875-40,5686,858547,951
Creditors249,267-59,958122,028-537,621156,935212,928-110,775304,724-150,486-106,18521,921-166,703-40,91342,041545,343
Accruals and Deferred Income2,098,217-55,986137,020-479,292503,91368,42039,518-33,37094,747000000
Deferred Taxes & Provisions32,105-26,6825,043-9,0889,07921,6480-13,66913,669-15,2521,227-2,3477584,30011,314
Cash flow from operations2,123,39136,701-120,641556,657-207,383115,67018,839769,6358,22767,81052317,34436,17382,13495,688
Investing Activities
capital expenditure-87,041-11,220-35,948151-82,500-63,453-51,048-29,455-9,700-32,253-30,789-8,583-23,475-42,697-112,298
Change in Investments000000000000000
cash flow from investments-87,041-11,220-35,948151-82,500-63,453-51,048-29,455-9,700-32,253-30,789-8,583-23,475-42,697-112,298
Financing Activities
Bank loans000000000000000
Group/Directors Accounts0000-80,00080,000-50,000-69950,699000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments0000000-2,3852,385000000
other long term liabilities00000000-2,385-9,5419,603-8,782-496-4,93616,537
share issue00000000000000100
interest109,21341,3967,6138117176,2394,0091,179389199185236204870
cash flow from financing109,21341,3967,613811-79,28386,239-45,991-1,90551,088-9,3429,788-8,546-292-4,84916,637
cash and cash equivalents
cash2,145,56366,877-148,976557,619-369,166138,457-78,200738,27549,61526,215-20,47821412,40634,58827
overdraft000000000000000
change in cash2,145,56366,877-148,976557,619-369,166138,457-78,200738,27549,61526,215-20,47821412,40634,58827

mjr controls limited 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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Mjr Controls Limited Competitor Analysis

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Perform a competitor analysis for mjr controls limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in TS17 area or any other competitors across 12 key performance metrics.

mjr controls limited Ownership

MJR CONTROLS LIMITED group structure

Mjr Controls Limited has no subsidiary companies.

Ultimate parent company

MJR CONTROLS LIMITED

03514991

MJR CONTROLS LIMITED Shareholders

mec marine & offshore ltd 26%
paul robert cairns 25%
mark cairns 25%
malcolm cairns 24%

mjr controls limited directors

Mjr Controls Limited currently has 5 directors. The longest serving directors include Mr Malcolm Cairns (Feb 1998) and Mr Mark Cairns (Feb 1998).

officercountryagestartendrole
Mr Malcolm Cairns86 years Feb 1998- Director
Mr Mark Cairns54 years Feb 1998- Director
Mr Christopher MilnerEngland52 years Feb 2011- Director
Mr Paul CairnsUnited Kingdom57 years Apr 2014- Director
Mrs Diane Cairns62 years Apr 2014- Director

P&L

March 2024

turnover

5.5m

+81%

operating profit

265.9k

0%

gross margin

34.6%

-0.08%

turnover

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

Balance Sheet

March 2024

net assets

2.3m

+0.14%

total assets

5.2m

+1.04%

cash

3.2m

+2.13%

net assets

Total assets minus all liabilities

mjr controls limited company details

company number

03514991

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

February 1998

age

27

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

CLIVE OWEN LLP

auditor

-

address

unit 85 willows court, thornaby industrial estate, stockton on tees, TS17 9PP

Bank

-

Legal Advisor

-

mjr controls 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 found 7 charges/mortgages relating to mjr controls limited. Currently there are 2 open charges and 5 have been satisfied in the past.

mjr controls limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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mjr controls limited Companies House Filings - See Documents

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