Pomanda estimates the enterprise value of METEK PLC at £10.6m based on a Turnover of £14.9m and 0.72x industry multiple (adjusted for size and gross margin).
metek plcEstimated Valuation
£2.7m
Pomanda estimates the enterprise value of METEK PLC at £2.7m based on an EBITDA of £618.4k and a 4.43x industry multiple (adjusted for size and gross margin).
metek plcEstimated Valuation
£7.4m
Pomanda estimates the enterprise value of METEK PLC at £7.4m based on Net Assets of £3.7m and 2.02x industry multiple (adjusted for liquidity).
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Metek PlcOverview
Metek Plc is a live company located in gloucestershire, GL10 3UT with a Companies House number of 04123370. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in December 2000, it's largest shareholder is
metek holdings ltd
with a 100% stake. Metek Plc is a mature,
mid sized company, Pomanda has estimated its turnover at
£14.9m with
declining
growth in recent years.
Pomanda's financial health check has awarded Metek Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £14.9m, make it in line with the average company (£13.5m)
£14.9m - Metek Plc
£13.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.6%)
-3% - Metek Plc
8.6% - Industry AVG
Production
with a gross margin of 20.7%, this company has a higher cost of product (30.3%)
20.7% - Metek Plc
30.3% - Industry AVG
Profitability
an operating margin of 3.9% make it less profitable than the average company (6.4%)
3.9% - Metek Plc
6.4% - Industry AVG
Employees
with 30 employees, this is below the industry average (70)
30 - Metek Plc
70 - Industry AVG
Pay Structure
on an average salary of £67.1k, the company has a higher pay structure (£42.3k)
£67.1k - Metek Plc
£42.3k - Industry AVG
Efficiency
resulting in sales per employee of £495.7k, this is more efficient (£175.2k)
£495.7k - Metek Plc
£175.2k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (53 days)
0 days - Metek Plc
53 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (42 days)
19 days - Metek Plc
42 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is less than average (66 days)
45 days - Metek Plc
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 37 weeks, this is more cash available to meet short term requirements (14 weeks)
37 weeks - Metek Plc
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.3%, this is a similar level of debt than the average (46.8%)
43.3% - Metek Plc
46.8% - Industry AVG
METEK PLC financials
EXPORT
Metek Plc's latest turnover from March 2024 is £14.9 million and the company has net assets of £3.7 million. According to their latest financial statements, Metek Plc has 30 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
14,871,979
9,988,339
12,879,247
16,477,339
27,322,905
16,806,995
11,380,660
10,630,480
7,677,348
1,801,638
4,498,041
3,160,056
3,240,158
4,745,357
2,666,110
Other Income Or Grants
Cost Of Sales
11,794,331
7,356,661
10,093,521
13,489,185
21,503,929
13,620,225
8,130,656
7,541,827
6,029,910
1,227,472
3,048,590
2,143,026
2,186,158
3,762,545
2,041,974
Gross Profit
3,077,648
2,631,678
2,785,726
2,988,154
5,818,976
3,186,770
3,250,004
3,088,653
1,647,438
574,166
1,449,451
1,017,030
1,054,000
982,812
624,136
Admin Expenses
2,503,313
2,187,299
2,220,464
2,392,241
3,424,640
2,459,395
2,055,834
1,010,028
786,735
78,553
640,739
956,328
848,822
788,188
401,858
Operating Profit
574,335
444,379
565,262
595,913
2,394,336
727,375
1,194,170
2,078,625
860,703
495,613
808,712
60,702
205,178
194,624
222,278
Interest Payable
74
67
234
Interest Receivable
226
2,703
2,464
2,879
1,866
83
20
14
Pre-Tax Profit
574,335
444,379
565,262
595,913
2,394,562
730,078
1,194,170
2,078,551
860,788
498,076
811,591
62,568
205,261
194,996
222,058
Tax
-110,055
-85,088
-48,633
-68,138
-404,741
-112,288
-202,692
-418,848
-173,786
-99,615
-170,434
-14,391
-53,368
-24,690
-55,481
Profit After Tax
464,280
359,291
516,629
527,775
1,989,821
617,790
991,478
1,659,703
687,002
398,461
641,157
48,177
151,893
170,306
166,577
Dividends Paid
443,916
443,916
366,624
289,564
80,000
680,700
856,698
993,700
85,099
7,500
Retained Profit
20,364
-84,625
150,005
238,211
1,909,821
-62,910
134,780
666,003
687,002
398,461
641,157
48,177
151,893
85,207
159,077
Employee Costs
2,014,201
1,891,963
1,990,325
2,193,233
2,623,806
2,200,261
1,512,300
692,825
1,932,828
425,460
1,051,602
747,562
785,583
1,158,579
682,342
Number Of Employees
30
31
59
62
64
57
37
24
58
13
33
24
25
38
23
EBITDA*
618,389
498,474
624,514
656,890
2,441,907
774,169
1,239,007
2,104,854
903,569
525,399
840,375
112,690
243,797
257,671
239,781
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
74,970
103,587
134,660
127,052
161,165
89,508
77,736
108,821
144,280
64,175
68,866
72,652
96,859
184,425
45,547
Intangible Assets
Investments & Other
13,000
Debtors (Due After 1 year)
235,220
278,288
146,688
761,482
756,753
296,211
261,776
330,293
300,002
300,002
300,002
Total Fixed Assets
310,190
381,875
281,348
888,534
917,918
385,719
339,512
439,114
144,280
64,175
368,868
372,654
396,861
184,425
58,547
Stock & work in progress
1,480,523
1,561,348
951,326
2,703,055
3,773,953
2,914,041
2,044,191
1,624,412
1,721,720
556,622
676,991
318,753
322,912
1,272,912
19,000
Trade Debtors
20,729
196,427
215,125
410,988
135,022
30,839
548,959
670,242
300,168
295,721
748,601
314,384
580,745
159,658
59,692
Group Debtors
1,833,213
1,954,099
1,346,960
1,208,755
1,092,082
22,622
55,212
537,055
537,055
1,295,848
Misc Debtors
812,870
796,428
782,065
865,170
461,223
1,136,796
502,309
402,322
767,838
409,442
333,261
574,985
Cash
1,994,020
1,240,682
2,539,201
707,882
994,439
15,247
246,803
628,167
31
579,154
406,307
745,346
1,004
32,028
160,367
misc current assets
total current assets
6,141,355
5,748,984
5,834,677
5,895,850
6,456,719
4,119,545
3,397,474
3,862,198
3,326,812
3,136,787
1,831,899
1,378,483
904,661
1,797,859
814,044
total assets
6,451,545
6,130,859
6,116,025
6,784,384
7,374,637
4,505,264
3,736,986
4,301,312
3,471,092
3,200,962
2,200,767
1,751,137
1,301,522
1,982,284
872,591
Bank overdraft
86,068
Bank loan
Trade Creditors
622,492
589,952
202,358
379,149
848,591
941,843
333,930
501,356
876,657
202,678
1,048,269
1,224,520
799,583
425,325
454,466
Group/Directors Accounts
861,125
906,572
810,068
671,590
591,644
1,148,944
429,219
689,454
1,038,541
other short term finances
hp & lease commitments
other current liabilities
1,264,608
911,384
581,611
1,363,201
2,153,787
835,164
1,317,156
1,737,973
758,594
854,296
1,189,193
144,779
total current liabilities
2,748,225
2,407,908
1,594,037
2,413,940
3,594,022
2,925,951
2,080,305
2,928,783
2,759,860
1,056,974
1,048,269
1,224,520
799,583
1,614,518
599,245
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
44,732
84,727
799,139
797,600
445,982
154,501
168,959
19,587
24,293
7,567
8,055
8,263
9,160
11,813
2,600
total long term liabilities
44,732
84,727
799,139
797,600
445,982
154,501
168,959
19,587
24,293
7,567
8,055
8,263
9,160
11,813
2,600
total liabilities
2,792,957
2,492,635
2,393,176
3,211,540
4,040,004
3,080,452
2,249,264
2,948,370
2,784,153
1,064,541
1,056,324
1,232,783
808,743
1,626,331
601,845
net assets
3,658,588
3,638,224
3,722,849
3,572,844
3,334,633
1,424,812
1,487,722
1,352,942
686,939
2,136,421
1,144,443
518,354
492,779
355,953
270,746
total shareholders funds
3,658,588
3,638,224
3,722,849
3,572,844
3,334,633
1,424,812
1,487,722
1,352,942
686,939
2,136,421
1,144,443
518,354
492,779
355,953
270,746
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
574,335
444,379
565,262
595,913
2,394,336
727,375
1,194,170
2,078,625
860,703
495,613
808,712
60,702
205,178
194,624
222,278
Depreciation
44,054
54,095
59,252
60,977
47,571
46,794
44,837
26,229
42,866
29,786
31,663
51,988
38,619
63,047
17,503
Amortisation
Tax
-110,055
-85,088
-48,633
-68,138
-404,741
-112,288
-202,692
-418,848
-173,786
-99,615
-170,434
-14,391
-53,368
-24,690
-55,481
Stock
-80,825
610,022
-1,751,729
-1,070,898
859,912
869,850
419,779
-97,308
1,165,098
-120,369
358,238
-4,159
-950,000
1,253,912
19,000
Debtors
-323,210
734,404
-755,557
801,315
958,612
118,212
-571,656
334,851
-395,950
952,408
434,217
-266,361
387,828
-141,758
634,677
Creditors
32,540
387,594
-176,791
-469,442
-93,252
607,913
-167,426
-375,301
673,979
-845,591
-176,251
424,937
374,258
-29,141
454,466
Accruals and Deferred Income
353,224
329,773
-781,590
-790,586
1,318,623
-481,992
-420,817
979,379
-95,702
854,296
-1,189,193
1,044,414
144,779
Deferred Taxes & Provisions
-39,995
-714,412
1,539
351,618
291,481
-14,458
149,372
-4,706
16,726
-488
-208
-897
-2,653
9,213
2,600
Cash flow from operations
1,258,138
-928,085
2,126,325
-50,075
1,735,494
-214,718
749,321
2,047,835
555,638
-398,038
-298,973
792,859
-64,987
145,313
132,468
Investing Activities
capital expenditure
-14,119
-3,513
-122,971
-25,095
-27,877
-27,781
48,947
-201,925
-63,050
Change in Investments
-13,000
13,000
cash flow from investments
-14,119
-3,513
-122,971
-25,095
-27,877
-27,781
48,947
-188,925
-76,050
Financing Activities
Bank loans
Group/Directors Accounts
-45,447
96,504
138,478
79,946
-557,300
719,725
-260,235
-349,087
1,038,541
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-2,136,484
593,517
-15,068
-22,602
-15,067
111,669
interest
226
2,703
-74
2,464
2,879
1,866
83
-47
-220
cash flow from financing
-45,447
96,504
138,478
79,946
-557,074
722,428
-260,235
-349,161
-1,097,943
595,981
-12,189
-20,736
-14,984
-47
111,449
cash and cash equivalents
cash
753,338
-1,298,519
1,831,319
-286,557
979,192
-231,556
-381,364
628,136
-579,123
172,847
-339,039
744,342
-31,024
-128,339
160,367
overdraft
-86,068
86,068
change in cash
753,338
-1,298,519
1,831,319
-286,557
979,192
-231,556
-381,364
714,204
-665,191
172,847
-339,039
744,342
-31,024
-128,339
160,367
metek plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for metek plc. Get real-time insights into metek plc's credit score, group structure and payment trends.
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unit 602 sperry way, stonehouse, gloucestershire, GL10 3UT
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HSBC BANK PLC
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metek 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 metek plc. Currently there are 1 open charges and 3 have been satisfied in the past.
metek 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.
Click to start generating capital raising & share issue transactions for METEK PLC. This can take several minutes, an email will notify you when this has completed.
