microsaic systems plc

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microsaic systems plc Company Information

Share MICROSAIC SYSTEMS PLC

Company Number

03568010

Shareholders

-

Group Structure

View All

Industry

Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

 +1

Registered Address

york eco business centre, amy johnson way, york, YO30 4AG

microsaic systems plc Estimated Valuation

£644.2k

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

£0

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

£331.1k

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

Health Check Image
Health Rating2out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

8 Weak

size

Size

annual sales of £492k, make it smaller than the average company (£8.5m)

£492k - Microsaic Systems Plc

£8.5m - Industry AVG

growth

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

production

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

profitability

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

employees

Employees

with 18 employees, this is below the industry average (55)

18 - Microsaic Systems Plc

55 - Industry AVG

paystructure

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

efficiency

Efficiency

resulting in sales per employee of £27.3k, this is less efficient (£162.7k)

£27.3k - Microsaic Systems Plc

£162.7k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010May 2010
Turnover492,0001,568,000906,876198,258872,125578,258342,514851,180782,8131,143,213908,442606,281267,999196,7371,444,860
Other Income Or Grants000000000000000
Cost Of Sales193,000618,000510,89298,348533,882336,685221,273549,179478,270700,180581,5231,486,4901,314,851700,372838,819
Gross Profit299,000950,000395,98499,910338,243241,573121,241302,001304,543443,033326,919-880,209-1,046,852-503,635606,041
Admin Expenses2,903,0003,501,0002,430,2192,631,6563,392,8313,226,9362,786,5213,415,6563,849,7783,607,1632,624,6471,179,5161,090,718394,8773,837,037
Operating Profit-2,604,000-2,551,000-2,034,235-2,531,746-3,054,588-2,985,363-2,665,280-3,113,655-3,545,235-3,164,130-2,297,728-2,059,725-2,137,570-898,512-3,230,996
Interest Payable5,0007,0004,60410,77515,6150000000000
Interest Receivable13,00023,0006,2374,39335,68631,04618,74512,53214,6545,5967,84310,49328,6056,7523,129
Pre-Tax Profit-2,597,000-2,535,000-3,396,366-2,590,369-3,103,529-3,042,504-2,888,482-3,405,804-3,884,266-3,158,534-2,405,674-2,049,232-2,108,965-891,760-3,227,867
Tax0246,000267,785217,711322,442278,543245,479303,819359,421154,414120,516182,163209,71285,1280
Profit After Tax-2,597,000-2,289,000-3,128,581-2,372,658-2,781,087-2,763,961-2,643,003-3,101,985-3,524,845-3,004,120-2,285,158-1,867,069-1,899,253-806,632-3,227,867
Dividends Paid000000000000000
Retained Profit-2,597,000-2,289,000-3,128,581-2,372,658-2,781,087-2,763,961-2,643,003-3,101,985-3,524,845-3,004,120-2,285,158-1,867,069-1,899,253-806,632-3,227,867
Employee Costs1,318,0001,520,000387,549107,4601,885,7001,769,8781,546,3242,036,1632,403,7622,284,6171,882,8101,487,4581,376,489695,278571,660
Number Of Employees1822722927283437393531282614
EBITDA*-2,394,000-2,343,000-1,925,495-2,403,742-2,834,295-2,952,853-2,512,337-3,004,236-3,370,305-2,993,054-2,147,624-1,934,043-2,029,178-830,606-3,079,165

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010May 2010
Tangible Assets113,000380,000432,220163,549282,643124,155160,743196,970175,242128,272210,54684,26587,494103,567130,361
Intangible Assets53,000123,00074,40583,76397,21195,94465,97284,377102,304116,565131,831128,885137,372129,942121,276
Investments & Other000000000000000
Debtors (Due After 1 year)00126,53349,40400000000000
Total Fixed Assets166,000503,000506,625247,312379,854220,099226,715281,347277,546244,837342,377213,150224,866233,509251,637
Stock & work in progress103,000274,000283,902569,589426,195468,753569,551694,288600,268241,175204,841190,352149,1257,30710,213
Trade Debtors2,000389,000327,061108,529267,893248,16587,66312,335119,735183,529178,13224,00037,5003,428340,193
Group Debtors000000000000000
Misc Debtors8,000205,000307,649133,929182,367161,374147,337151,396326,010331,867237,088157,529273,941180,8080
Cash174,0001,242,0003,464,876397,0692,620,7585,402,2213,182,1765,728,5443,607,5914,548,5453,239,2831,788,5791,818,319674,2121,251,686
misc current assets00000298,902245,479262,710267,374100,00080,000150,000190,000220,1280
total current assets548,0002,624,0004,651,2731,427,6843,819,6556,579,4154,232,2066,849,2734,920,9785,405,1163,939,3442,310,4602,468,8851,085,8831,602,092
total assets714,0003,127,0005,157,8981,674,9964,199,5096,799,5144,458,9217,130,6205,198,5245,649,9534,281,7212,523,6102,693,7511,319,3921,853,729
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 182,00099,000230,49463,03495,43160,54094,628185,739260,218315,748346,323286,339176,79051,121177,097
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments8,00053,00071,18752,37000000000000
other current liabilities337,000137,000126,879191,480336,186225,991280,248431,808493,024525,062366,240459,964270,842392,9520
total current liabilities527,000289,000428,560306,884431,617286,531374,876617,547753,242840,810712,563746,303447,632444,073177,097
loans26,0006,000112,3162,194329,0820000000000
hp & lease commitments13,0003,00056,1581,097164,5410000000000
Accruals and Deferred Income000000000000000
other liabilities0000066,808000000000
provisions60,000230,000199,920248,07079,908341,406368,22800000000
total long term liabilities43,000118,000156,118125,132204,495237,511184,11400000000
total liabilities570,000407,000584,678432,016636,112524,042558,990617,547753,242840,810712,563746,303447,632444,073177,097
net assets144,0002,720,0004,573,2201,242,9803,563,3976,275,4723,899,9316,513,0734,445,2824,809,1433,569,1581,777,3072,246,119875,3191,676,632
total shareholders funds144,0002,720,0004,573,2201,242,9803,563,3976,275,4723,899,9316,513,0734,445,2824,809,1433,569,1581,777,3072,246,119875,3191,676,632
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010May 2010
Operating Activities
Operating Profit-2,604,000-2,551,000-2,034,235-2,531,746-3,054,588-2,985,363-2,665,280-3,113,655-3,545,235-3,164,130-2,297,728-2,059,725-2,137,570-898,512-3,230,996
Depreciation183,000178,00070,49987,237179,5530114,186109,419126,581121,82093,26158,51355,92942,524106,671
Amortisation27,00030,00038,24140,76740,74032,51038,757048,34949,25656,84367,16952,46325,38245,160
Tax0246,000267,785217,711322,442278,543245,479303,819359,421154,414120,516182,163209,71285,1280
Stock-171,000-9,902-285,687143,394-42,558-100,798-124,73794,020359,09336,33414,48941,227141,8187,30710,213
Debtors-584,000-167,243469,381-158,39840,721174,53971,269-282,014-69,651100,176233,691-129,912127,205184,236340,193
Creditors83,000-131,494167,460-32,39734,891-34,088-91,111-74,479-55,530-30,57559,984109,549125,66951,121177,097
Accruals and Deferred Income200,00010,121-64,601-144,706110,195-54,257-151,560-61,216-32,038158,822-93,724189,122-122,110392,9520
Deferred Taxes & Provisions-170,00030,080-48,150168,162-261,498-26,822368,22800000000
Cash flow from operations-1,526,000-2,011,148-1,786,695-2,179,968-2,626,428-2,863,218-2,087,833-2,648,118-3,387,894-2,846,903-2,309,028-1,364,524-2,084,930-492,948-3,252,474
Investing Activities
capital expenditure127,000-204,375-368,0534,538-380,048-25,894-98,311-113,220-207,639-73,536-279,331-113,966-99,749-301,415-403,468
Change in Investments000000000000000
cash flow from investments127,000-204,375-368,0534,538-380,048-25,894-98,311-113,220-207,639-73,536-279,331-113,966-99,749-301,415-403,468
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans20,000-106,316110,122-326,888329,0820000000000
Hire Purchase and Lease Commitments-35,000-71,34573,878-111,074164,5410000000000
other long term liabilities0000-66,80866,808000000000
share issue21,000435,7806,458,82152,24169,0125,139,50229,8615,169,7763,160,9844,244,1054,077,0091,398,2573,270,0531,681,9514,904,499
interest8,00016,0001,633-6,38220,07131,04618,74512,53214,6545,5967,84310,49328,6056,7523,129
cash flow from financing14,000274,1196,644,454-392,103515,8985,237,35648,6065,182,3083,175,6384,249,7014,084,8521,408,7503,298,6581,688,7034,907,628
cash and cash equivalents
cash-1,068,000-2,222,8763,067,807-2,223,689-2,781,4632,220,045-2,546,3682,120,953-940,9541,309,2621,450,704-29,7401,144,107674,2121,251,686
overdraft000000000000000
change in cash-1,068,000-2,222,8763,067,807-2,223,689-2,781,4632,220,045-2,546,3682,120,953-940,9541,309,2621,450,704-29,7401,144,107674,2121,251,686

microsaic systems plc Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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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 Shareholders

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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).

officercountryagestartendrole
Dr Nigel Burton66 years Feb 2021- Director
Mr Robert Moore67 years Mar 2022- Director

P&L

December 2023

turnover

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 2023

net 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

None

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

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