microsaic systems plc Company Information
Group Structure
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Industry
Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
+1Registered Address
york eco business centre, amy johnson way, york, YO30 4AG
Website
www.microsaic.commicrosaic systems plc Estimated Valuation
Pomanda estimates the enterprise value of MICROSAIC SYSTEMS PLC at £644.2k based on a Turnover of £492k and 1.31x industry multiple (adjusted for size and gross margin).
microsaic systems plc Estimated Valuation
Pomanda estimates the enterprise value of MICROSAIC SYSTEMS PLC at £0 based on an EBITDA of £-2.4m and a 6.7x industry multiple (adjusted for size and gross margin).
microsaic systems plc Estimated Valuation
Pomanda estimates the enterprise value of MICROSAIC SYSTEMS PLC at £331.1k based on Net Assets of £144k and 2.3x industry multiple (adjusted for liquidity).
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Microsaic Systems Plc Overview
Microsaic Systems Plc is a live company located in york, YO30 4AG with a Companies House number of 03568010. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in May 1998, it's largest shareholder is unknown. Microsaic Systems Plc is a mature, micro sized company, Pomanda has estimated its turnover at £492k with rapid growth in recent years.
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Microsaic Systems Plc Health Check
Pomanda's financial health check has awarded Microsaic Systems Plc a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs
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4 Strong
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0 Regular
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8 Weak
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Size
annual sales of £492k, make it smaller than the average company (£8.5m)
£492k - Microsaic Systems Plc
£8.5m - Industry AVG
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Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (7.6%)
35% - Microsaic Systems Plc
7.6% - Industry AVG
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Production
with a gross margin of 60.8%, this company has a lower cost of product (43.8%)
60.8% - Microsaic Systems Plc
43.8% - Industry AVG
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Profitability
an operating margin of -529.3% make it less profitable than the average company (6.2%)
-529.3% - Microsaic Systems Plc
6.2% - Industry AVG
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Employees
with 18 employees, this is below the industry average (55)
18 - Microsaic Systems Plc
55 - Industry AVG
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Pay Structure
on an average salary of £73.2k, the company has a higher pay structure (£59.5k)
£73.2k - Microsaic Systems Plc
£59.5k - Industry AVG
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Efficiency
resulting in sales per employee of £27.3k, this is less efficient (£162.7k)
£27.3k - Microsaic Systems Plc
£162.7k - Industry AVG
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Debtor Days
it gets paid by customers after 1 days, this is earlier than average (53 days)
1 days - Microsaic Systems Plc
53 days - Industry AVG
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Creditor Days
its suppliers are paid after 344 days, this is slower than average (41 days)
344 days - Microsaic Systems Plc
41 days - Industry AVG
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Stock Days
it holds stock equivalent to 194 days, this is more than average (109 days)
194 days - Microsaic Systems Plc
109 days - Industry AVG
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Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (27 weeks)
17 weeks - Microsaic Systems Plc
27 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 79.8%, this is a higher level of debt than the average (41.6%)
79.8% - Microsaic Systems Plc
41.6% - Industry AVG
MICROSAIC SYSTEMS PLC financials
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Microsaic Systems Plc's latest turnover from December 2023 is £492 thousand and the company has net assets of £144 thousand. According to their latest financial statements, Microsaic Systems Plc has 18 employees and maintains cash reserves of £174 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 492,000 | 1,568,000 | 906,876 | 198,258 | 872,125 | 578,258 | 342,514 | 851,180 | 782,813 | 1,143,213 | 908,442 | 606,281 | 267,999 | 196,737 | |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Cost Of Sales | 193,000 | 618,000 | 510,892 | 98,348 | 533,882 | 336,685 | 221,273 | 549,179 | 478,270 | 700,180 | 581,523 | 1,486,490 | 1,314,851 | 700,372 | |
Gross Profit | 299,000 | 950,000 | 395,984 | 99,910 | 338,243 | 241,573 | 121,241 | 302,001 | 304,543 | 443,033 | 326,919 | -880,209 | -1,046,852 | -503,635 | |
Admin Expenses | 2,903,000 | 3,501,000 | 2,430,219 | 2,631,656 | 3,392,831 | 3,226,936 | 3,607,163 | 1,179,516 | 1,090,718 | 394,877 | |||||
Operating Profit | -2,604,000 | -2,551,000 | -2,034,235 | -2,531,746 | -3,054,588 | -2,985,363 | -3,164,130 | -2,059,725 | -2,137,570 | -898,512 | |||||
Interest Payable | 5,000 | 7,000 | 4,604 | 10,775 | 15,615 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest Receivable | 13,000 | 23,000 | 6,237 | 4,393 | 35,686 | 31,046 | 18,745 | 12,532 | 14,654 | 5,596 | 7,843 | 10,493 | 28,605 | 6,752 | |
Pre-Tax Profit | -2,597,000 | -2,535,000 | -3,396,366 | -2,590,369 | -3,103,529 | -3,042,504 | -2,888,482 | -3,405,804 | -3,884,266 | -3,158,534 | -2,405,674 | -2,049,232 | -2,108,965 | -891,760 | |
Tax | 0 | 246,000 | 267,785 | 217,711 | 322,442 | 278,543 | 245,479 | 303,819 | 359,421 | 154,414 | 120,516 | 182,163 | 209,712 | 85,128 | |
Profit After Tax | -2,597,000 | -2,289,000 | -3,128,581 | -2,372,658 | -2,781,087 | -2,763,961 | -2,643,003 | -3,101,985 | -3,524,845 | -3,004,120 | -2,285,158 | -1,867,069 | -1,899,253 | -806,632 | |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Retained Profit | -2,597,000 | -2,289,000 | -3,128,581 | -2,372,658 | -2,781,087 | -2,763,961 | -2,643,003 | -3,101,985 | -3,524,845 | -3,004,120 | -2,285,158 | -1,867,069 | -1,899,253 | -806,632 | |
Employee Costs | 1,318,000 | 1,520,000 | 1,885,700 | 1,769,878 | 1,546,324 | 2,036,163 | 2,403,762 | 2,284,617 | 1,882,810 | 1,487,458 | 1,376,489 | 695,278 | |||
Number Of Employees | 18 | 22 | 29 | 27 | 28 | 34 | 37 | 39 | 35 | 31 | 28 | 26 | |||
EBITDA* | -2,394,000 | -2,343,000 | -1,925,495 | -2,403,742 | -2,834,295 | -2,952,853 | -2,993,054 | -1,934,043 | -2,029,178 | -830,606 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 113,000 | 380,000 | 432,220 | 163,549 | 282,643 | 124,155 | 160,743 | 196,970 | 175,242 | 128,272 | 210,546 | 84,265 | 87,494 | 103,567 | 130,361 |
Intangible Assets | 53,000 | 123,000 | 74,405 | 83,763 | 97,211 | 95,944 | 65,972 | 84,377 | 102,304 | 116,565 | 131,831 | 128,885 | 137,372 | 129,942 | 121,276 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 126,533 | 49,404 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 166,000 | 503,000 | 506,625 | 247,312 | 379,854 | 220,099 | 226,715 | 281,347 | 277,546 | 244,837 | 342,377 | 213,150 | 224,866 | 233,509 | 251,637 |
Stock & work in progress | 103,000 | 274,000 | 283,902 | 569,589 | 426,195 | 468,753 | 569,551 | 694,288 | 600,268 | 241,175 | 204,841 | 190,352 | 149,125 | 7,307 | 10,213 |
Trade Debtors | 2,000 | 389,000 | 327,061 | 108,529 | 267,893 | 248,165 | 87,663 | 12,335 | 119,735 | 183,529 | 178,132 | 24,000 | 37,500 | 3,428 | 340,193 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 8,000 | 205,000 | 307,649 | 133,929 | 182,367 | 161,374 | 147,337 | 151,396 | 326,010 | 331,867 | 237,088 | 157,529 | 273,941 | 180,808 | 0 |
Cash | 174,000 | 1,242,000 | 3,464,876 | 397,069 | 2,620,758 | 5,402,221 | 3,182,176 | 5,728,544 | 3,607,591 | 4,548,545 | 3,239,283 | 1,788,579 | 1,818,319 | 674,212 | 1,251,686 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 298,902 | 245,479 | 262,710 | 267,374 | 100,000 | 80,000 | 150,000 | 190,000 | 220,128 | 0 |
total current assets | 548,000 | 2,624,000 | 4,651,273 | 1,427,684 | 3,819,655 | 6,579,415 | 4,232,206 | 6,849,273 | 4,920,978 | 5,405,116 | 3,939,344 | 2,310,460 | 2,468,885 | 1,085,883 | 1,602,092 |
total assets | 714,000 | 3,127,000 | 5,157,898 | 1,674,996 | 4,199,509 | 6,799,514 | 4,458,921 | 7,130,620 | 5,198,524 | 5,649,953 | 4,281,721 | 2,523,610 | 2,693,751 | 1,319,392 | 1,853,729 |
Bank overdraft | 0 | 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 | 0 |
Trade Creditors | 182,000 | 99,000 | 230,494 | 63,034 | 95,431 | 60,540 | 94,628 | 185,739 | 260,218 | 315,748 | 346,323 | 286,339 | 176,790 | 51,121 | 177,097 |
Group/Directors Accounts | 0 | 0 | 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 | 0 |
hp & lease commitments | 8,000 | 53,000 | 71,187 | 52,370 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 337,000 | 137,000 | 126,879 | 191,480 | 336,186 | 225,991 | 280,248 | 431,808 | 493,024 | 525,062 | 366,240 | 459,964 | 270,842 | 392,952 | 0 |
total current liabilities | 527,000 | 289,000 | 428,560 | 306,884 | 431,617 | 286,531 | 374,876 | 617,547 | 753,242 | 840,810 | 712,563 | 746,303 | 447,632 | 444,073 | 177,097 |
loans | 26,000 | 6,000 | 112,316 | 2,194 | 329,082 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 13,000 | 3,000 | 56,158 | 1,097 | 164,541 | 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 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 66,808 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 60,000 | 230,000 | 199,920 | 248,070 | 79,908 | 341,406 | 368,228 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 43,000 | 118,000 | 156,118 | 125,132 | 204,495 | 237,511 | 184,114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 570,000 | 407,000 | 584,678 | 432,016 | 636,112 | 524,042 | 558,990 | 617,547 | 753,242 | 840,810 | 712,563 | 746,303 | 447,632 | 444,073 | 177,097 |
net assets | 144,000 | 2,720,000 | 4,573,220 | 1,242,980 | 3,563,397 | 6,275,472 | 3,899,931 | 6,513,073 | 4,445,282 | 4,809,143 | 3,569,158 | 1,777,307 | 2,246,119 | 875,319 | 1,676,632 |
total shareholders funds | 144,000 | 2,720,000 | 4,573,220 | 1,242,980 | 3,563,397 | 6,275,472 | 3,899,931 | 6,513,073 | 4,445,282 | 4,809,143 | 3,569,158 | 1,777,307 | 2,246,119 | 875,319 | 1,676,632 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | -2,604,000 | -2,551,000 | -2,034,235 | -2,531,746 | -3,054,588 | -2,985,363 | -3,164,130 | -2,059,725 | -2,137,570 | -898,512 | |||||
Depreciation | 183,000 | 178,000 | 70,499 | 87,237 | 179,553 | 0 | 114,186 | 109,419 | 126,581 | 121,820 | 93,261 | 58,513 | 55,929 | 42,524 | 106,671 |
Amortisation | 27,000 | 30,000 | 38,241 | 40,767 | 40,740 | 32,510 | 38,757 | 0 | 48,349 | 49,256 | 56,843 | 67,169 | 52,463 | 25,382 | 45,160 |
Tax | 0 | 246,000 | 267,785 | 217,711 | 322,442 | 278,543 | 245,479 | 303,819 | 359,421 | 154,414 | 120,516 | 182,163 | 209,712 | 85,128 | |
Stock | -171,000 | -9,902 | -285,687 | 143,394 | -42,558 | -100,798 | -124,737 | 94,020 | 359,093 | 36,334 | 14,489 | 41,227 | 141,818 | 7,307 | 10,213 |
Debtors | -584,000 | -167,243 | 469,381 | -158,398 | 40,721 | 174,539 | 71,269 | -282,014 | -69,651 | 100,176 | 233,691 | -129,912 | 127,205 | 184,236 | 340,193 |
Creditors | 83,000 | -131,494 | 167,460 | -32,397 | 34,891 | -34,088 | -91,111 | -74,479 | -55,530 | -30,575 | 59,984 | 109,549 | 125,669 | 51,121 | 177,097 |
Accruals and Deferred Income | 200,000 | 10,121 | -64,601 | -144,706 | 110,195 | -54,257 | -151,560 | -61,216 | -32,038 | 158,822 | -93,724 | 189,122 | -122,110 | 392,952 | 0 |
Deferred Taxes & Provisions | -170,000 | 30,080 | -48,150 | 168,162 | -261,498 | -26,822 | 368,228 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -1,526,000 | -2,011,148 | -1,786,695 | -2,179,968 | -2,626,428 | -2,863,218 | -2,846,903 | -1,364,524 | -2,084,930 | -492,948 | |||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 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 | 0 |
Long term loans | 20,000 | -106,316 | 110,122 | -326,888 | 329,082 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -35,000 | -71,345 | 73,878 | -111,074 | 164,541 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | -66,808 | 66,808 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 8,000 | 16,000 | 1,633 | -6,382 | 20,071 | 31,046 | 18,745 | 12,532 | 14,654 | 5,596 | 7,843 | 10,493 | 28,605 | 6,752 | |
cash flow from financing | 14,000 | 274,119 | 6,644,454 | -392,103 | 515,898 | 5,237,356 | 48,606 | 5,182,308 | 3,175,638 | 4,249,701 | 4,084,852 | 1,408,750 | 3,298,658 | 1,688,703 | |
cash and cash equivalents | |||||||||||||||
cash | -1,068,000 | -2,222,876 | 3,067,807 | -2,223,689 | -2,781,463 | 2,220,045 | -2,546,368 | 2,120,953 | -940,954 | 1,309,262 | 1,450,704 | -29,740 | 1,144,107 | 674,212 | 1,251,686 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -1,068,000 | -2,222,876 | 3,067,807 | -2,223,689 | -2,781,463 | 2,220,045 | -2,546,368 | 2,120,953 | -940,954 | 1,309,262 | 1,450,704 | -29,740 | 1,144,107 | 674,212 | 1,251,686 |
microsaic systems plc Credit Report and Business Information
Microsaic Systems Plc Competitor Analysis
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Perform a competitor analysis for microsaic systems plc by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in YO30 area or any other competitors across 12 key performance metrics.
microsaic systems plc Ownership
MICROSAIC SYSTEMS PLC group structure
Microsaic Systems Plc has 2 subsidiary companies.
Ultimate parent company
MICROSAIC SYSTEMS PLC
03568010
2 subsidiaries
microsaic systems plc directors
Microsaic Systems Plc currently has 2 directors. The longest serving directors include Dr Nigel Burton (Feb 2021) and Mr Robert Moore (Mar 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Dr Nigel Burton | 66 years | Feb 2021 | - | Director | |
Mr Robert Moore | 67 years | Mar 2022 | - | Director |
P&L
December 2023turnover
492k
-69%
operating profit
-2.6m
+2%
gross margin
60.8%
+0.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
144k
-0.95%
total assets
714k
-0.77%
cash
174k
-0.86%
net assets
Total assets minus all liabilities
microsaic systems plc company details
company number
03568010
Type
Public limited with Share Capital
industry
26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
May 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
microsaic systems limited (April 2011)
dynamic jewels limited (February 2001)
accountant
-
auditor
SAFFERY LLP
address
york eco business centre, amy johnson way, york, YO30 4AG
Bank
HSBC BANK PLC
Legal Advisor
FREETHS
microsaic systems plc 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 4 charges/mortgages relating to microsaic systems plc. Currently there are 0 open charges and 4 have been satisfied in the past.
microsaic systems plc 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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microsaic systems plc Companies House Filings - See Documents
date | description | view/download |
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