Mjr Controls Limited

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mjr controls limited Company Information

Live

MatureSmallDeclining

Company Number

03514991

Website

www.mjrcontrols.com

Registered Address

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

Industry

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

Telephone

01642762151

Next Accounts Due

December 2024

Group Structure

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Directors

Malcolm Cairns26 Years

Mark Cairns26 Years

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Shareholders

mec marine & offshore ltd 26%

mark cairns 25%

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mjr controls limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of MJR CONTROLS LIMITED at £6.5m based on Net Assets of £2m and 3.18x industry multiple (adjusted for liquidity).

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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, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Pomanda's financial health check has awarded Mjr Controls 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

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3m, make it larger than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (3.2%)

EXPORT

Mjr Controls Limited's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £2 million. According to their latest financial statements, Mjr Controls Limited has 32 employees and maintains cash reserves of £1 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	2,967,995	3,244,215	2,621,709	6,363,642	3,763,043	2,742,584	2,410,288	1,885,724	3,118,671	3,886,378	3,274,414	2,903,179	3,204,736	3,362,834
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,958,809	2,148,956	1,750,062	4,375,160	2,478,135	1,754,296	1,504,162	1,182,791	1,953,258	2,478,918	2,106,231	1,781,481	1,929,683	2,045,710
Gross Profit	1,009,186	1,095,258	871,648	1,988,482	1,284,908	988,288	906,126	702,933	1,165,413	1,407,460	1,168,183	1,121,698	1,275,053	1,317,123
Admin Expenses	1,092,814	859,875	1,161,288	989,485	1,119,771	690,825	701,424	428,568	1,205,771	1,228,662	814,150	1,102,963	1,153,944	1,126,181
Operating Profit	-83,628	235,383	-289,640	998,997	165,137	297,463	204,702	274,365	-40,358	178,798	354,033	18,735	121,109	190,942
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	41,396	7,613	811	717	6,239	4,009	1,179	389	199	185	236	204	87	0
Pre-Tax Profit	-42,232	242,996	-288,829	999,714	171,377	301,472	205,881	274,754	-40,159	178,983	354,268	18,939	121,196	190,942
Tax	0	-46,169	0	-189,946	-32,562	-57,280	-41,176	-54,951	0	-41,166	-85,024	-4,924	-33,935	-53,464
Profit After Tax	-42,232	196,827	-288,829	809,768	138,815	244,192	164,705	219,803	-40,159	137,817	269,244	14,015	87,261	137,478
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-42,232	196,827	-288,829	809,768	138,815	244,192	164,705	219,803	-40,159	137,817	269,244	14,015	87,261	137,478
Employee Costs	1,567,388	1,285,720	1,326,917	1,607,924	1,208,606	956,510	742,364	815,029	1,192,048	1,472,711	1,270,392	1,152,443	1,368,153	1,379,770
Number Of Employees	32	27	30	36	26	22	17	18	26	33	30	28	35	35
EBITDA*	-43,915	276,837	-238,263	1,044,382	199,668	324,616	225,084	295,782	-7,636	204,589	376,134	52,577	150,028	215,871

* 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	83,552	112,045	117,551	169,079	131,964	103,042	79,147	70,074	81,791	82,260	77,262	90,780	101,147	87,369
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	83,552	112,045	117,551	169,079	131,964	103,042	79,147	70,074	81,791	82,260	77,262	90,780	101,147	87,369
Stock & work in progress	485,680	287,934	245,204	479,496	328,371	156,652	210,848	142,420	132,531	140,020	160,601	160,760	148,867	75,425
Trade Debtors	596,955	793,567	549,721	1,632,110	784,372	603,770	381,802	369,779	636,351	824,303	617,896	514,241	554,809	547,951
Group Debtors	301	202	281	600,000	0	0	0	0	0	0	0	0	0	0
Misc Debtors	383,093	607,568	278,665	183,186	50,303	48,192	38,724	447,217	0	1,442	1,220	0	0	0
Cash	1,007,473	940,596	1,089,572	531,953	901,119	762,662	840,862	102,587	52,972	26,757	47,235	47,021	34,615	27
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,473,502	2,629,867	2,163,443	3,426,745	2,064,165	1,571,276	1,472,236	1,062,003	821,854	992,522	826,952	722,022	738,291	623,403
total assets	2,557,054	2,741,912	2,280,994	3,595,824	2,196,129	1,674,318	1,551,383	1,132,077	903,645	1,074,782	904,214	812,802	839,438	710,772
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	233,279	293,237	171,209	708,830	551,895	338,967	449,742	145,018	295,504	401,689	379,768	546,471	587,384	545,343
Group/Directors Accounts	0	0	0	0	80,000	0	50,000	50,699	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	2,385	0	0	0	0	0	0
other current liabilities	274,970	330,956	193,936	673,228	169,315	100,895	61,377	94,747	0	0	0	0	0	0
total current liabilities	508,249	624,193	365,145	1,382,058	801,210	439,862	561,119	292,849	295,504	401,689	379,768	546,471	587,384	545,343
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	2,385	11,926	2,323	11,105	11,601	16,537
provisions	0	26,682	21,639	30,727	21,648	0	0	13,669	0	15,252	14,025	16,372	15,614	11,314
total long term liabilities	0	26,682	21,639	30,727	21,648	0	0	13,669	2,385	27,178	16,348	27,477	27,215	27,851
total liabilities	508,249	650,875	386,784	1,412,785	822,858	439,862	561,119	306,518	297,889	428,867	396,116	573,948	614,599	573,194
net assets	2,048,805	2,091,037	1,894,210	2,183,039	1,373,271	1,234,456	990,264	825,559	605,756	645,915	508,098	238,854	224,839	137,578
total shareholders funds	2,048,805	2,091,037	1,894,210	2,183,039	1,373,271	1,234,456	990,264	825,559	605,756	645,915	508,098	238,854	224,839	137,578

	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	-83,628	235,383	-289,640	998,997	165,137	297,463	204,702	274,365	-40,358	178,798	354,033	18,735	121,109	190,942
Depreciation	39,713	41,454	51,377	45,385	34,531	27,153	20,382	21,417	32,722	25,791	22,101	33,842	28,919	24,929
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-46,169	0	-189,946	-32,562	-57,280	-41,176	-54,951	0	-41,166	-85,024	-4,924	-33,935	-53,464
Stock	197,746	42,730	-234,292	151,125	171,719	-54,196	68,428	9,889	-7,489	-20,581	-159	11,893	73,442	75,425
Debtors	-420,988	572,670	-1,586,629	1,580,621	182,713	231,436	-396,470	180,645	-189,394	206,629	104,875	-40,568	6,858	547,951
Creditors	-59,958	122,028	-537,621	156,935	212,928	-110,775	304,724	-150,486	-106,185	21,921	-166,703	-40,913	42,041	545,343
Accruals and Deferred Income	-55,986	137,020	-479,292	503,913	68,420	39,518	-33,370	94,747	0	0	0	0	0	0
Deferred Taxes & Provisions	-26,682	5,043	-9,088	9,079	21,648	0	-13,669	13,669	-15,252	1,227	-2,347	758	4,300	11,314
Cash flow from operations	36,701	-120,641	556,657	-207,383	115,670	18,839	769,635	8,227	67,810	523	17,344	36,173	82,134	95,688
Investing Activities
capital expenditure	-11,220	-35,948	151	-82,500	-63,453	-51,048	-29,455	-9,700	-32,253	-30,789	-8,583	-23,475	-42,697	-112,298
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-11,220	-35,948	151	-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 loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-80,000	80,000	-50,000	-699	50,699	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	-2,385	2,385	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-2,385	-9,541	9,603	-8,782	-496	-4,936	16,537
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	41,396	7,613	811	717	6,239	4,009	1,179	389	199	185	236	204	87	0
cash flow from financing	41,396	7,613	811	-79,283	86,239	-45,991	-1,905	51,088	-9,342	9,788	-8,546	-292	-4,849	16,637
cash and cash equivalents
cash	66,877	-148,976	557,619	-369,166	138,457	-78,200	738,275	49,615	26,215	-20,478	214	12,406	34,588	27
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	66,877	-148,976	557,619	-369,166	138,457	-78,200	738,275	49,615	26,215	-20,478	214	12,406	34,588	27

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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%
mark cairns	25%
paul robert cairns	25%
malcolm cairns	24%

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

officer	country	age	start	end	role
Mr Malcolm Cairns		86 years	Feb 1998	-	Director
Mr Mark Cairns		54 years	Feb 1998	-	Director
Mr Christopher Milner	England	51 years	Feb 2011	-	Director
Mr Paul Cairns	United Kingdom	56 years	Apr 2014	-	Director
Mrs Diane Cairns		61 years	Apr 2014	-	Director

P&L

March 2023

turnover

-9%

operating profit

-83.6k

gross margin

34.1%

+0.72%

turnover

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

Balance Sheet

March 2023

net assets

-0.02%

total assets

2.6m

-0.07%

cash

+0.07%

net assets

Total assets minus all liabilities

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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

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

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

last accounts submitted

March 2023

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 mjr controls limited. Currently there are 0 open charges and 5 have been satisfied in the past.

mjr controls limited Company Information

mjr controls limited Estimated Valuation

mjr controls limited Estimated Valuation

mjr controls limited Estimated Valuation

Mjr Controls Limited Overview

Mjr Controls Limited Health Check

MJR CONTROLS LIMITED financials

mjr controls limited Credit Report and Business Information

Mjr Controls Limited Competitor Analysis

mjr controls limited Ownership

mjr controls limited directors

mjr controls limited company details

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mjr controls limited Companies House Filings - See Documents