mectec engineering ltd Company Information
Company Number
04202851
Website
www.mectec.co.ukRegistered Address
7400 daresbury park, daresbury, warrington, cheshire, WA4 4BS
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Paul Morgan6 Years
Shareholders
tregynon industries limited 100%
mectec engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of MECTEC ENGINEERING LTD at £1.2m based on a Turnover of £2.2m and 0.54x industry multiple (adjusted for size and gross margin).
mectec engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of MECTEC ENGINEERING LTD at £1.5m based on an EBITDA of £350.3k and a 4.17x industry multiple (adjusted for size and gross margin).
mectec engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of MECTEC ENGINEERING LTD at £837.6k based on Net Assets of £1.6m and 0.51x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mectec Engineering Ltd Overview
Mectec Engineering Ltd is a dissolved company that was located in warrington, WA4 4BS with a Companies House number of 04202851. It operated in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in April 2001, it's largest shareholder was tregynon industries limited with a 100% stake. The last turnover for Mectec Engineering Ltd was estimated at £2.2m.
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Mectec Engineering Ltd Health Check
Pomanda's financial health check has awarded Mectec Engineering Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
3 Strong
![positive_score](/assets/images/scoreRate1.png)
3 Regular
![positive_score](/assets/images/scoreRate0.png)
6 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £2.2m, make it smaller than the average company (£10.6m)
- Mectec Engineering Ltd
£10.6m - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3.4%)
- Mectec Engineering Ltd
3.4% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 29.8%, this company has a comparable cost of product (29.8%)
- Mectec Engineering Ltd
29.8% - Industry AVG
![profitability](/assets/images/scoreRate2.png)
Profitability
an operating margin of 14% make it more profitable than the average company (4.4%)
- Mectec Engineering Ltd
4.4% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 43 employees, this is below the industry average (78)
43 - Mectec Engineering Ltd
78 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £35.7k, the company has an equivalent pay structure (£35.7k)
- Mectec Engineering Ltd
£35.7k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £51.4k, this is less efficient (£124.5k)
- Mectec Engineering Ltd
£124.5k - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 45 days, this is earlier than average (61 days)
- Mectec Engineering Ltd
61 days - Industry AVG
![creditordays](/assets/images/scoreRate0.png)
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (44 days)
- Mectec Engineering Ltd
44 days - Industry AVG
![stockdays](/assets/images/scoreRate1.png)
Stock Days
it holds stock equivalent to 69 days, this is in line with average (63 days)
- Mectec Engineering Ltd
63 days - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Mectec Engineering Ltd
13 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate2.png)
Debt Level
it has a ratio of liabilities to total assets of 30.1%, this is a lower level of debt than the average (49.2%)
30.1% - Mectec Engineering Ltd
49.2% - Industry AVG
MECTEC ENGINEERING LTD financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Mectec Engineering Ltd's latest turnover from June 2020 is estimated at £2.2 million and the company has net assets of £1.6 million. According to their latest financial statements, Mectec Engineering Ltd has 43 employees and maintains cash reserves of £64.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2020 | Jun 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||
Other Income Or Grants | |||||||||||
Cost Of Sales | |||||||||||
Gross Profit | |||||||||||
Admin Expenses | |||||||||||
Operating Profit | |||||||||||
Interest Payable | |||||||||||
Interest Receivable | |||||||||||
Pre-Tax Profit | |||||||||||
Tax | |||||||||||
Profit After Tax | |||||||||||
Dividends Paid | |||||||||||
Retained Profit | |||||||||||
Employee Costs | |||||||||||
Number Of Employees | 43 | 55 | 40 | ||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2020 | Jun 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 61,094 | 76,968 | 87,604 | 81,001 | 75,161 | 47,023 | 8,169 | 11,137 | 12,548 | 9,892 | 20,192 |
Intangible Assets | 39,085 | 54,085 | 63,750 | 78,750 | 93,750 | 108,750 | 123,750 | 138,750 | 153,750 | 168,750 | 183,750 |
Investments & Other | 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 |
Total Fixed Assets | 100,179 | 131,053 | 151,354 | 159,751 | 168,911 | 155,773 | 131,919 | 149,887 | 166,298 | 178,642 | 203,942 |
Stock & work in progress | 293,737 | 384,347 | 26,800 | 31,400 | 16,649 | 74,202 | 15,500 | 11,683 | 38,392 | 14,971 | 8,539 |
Trade Debtors | 273,927 | 529,794 | 691,344 | 980,330 | 791,310 | 611,775 | 548,288 | 613,289 | 656,009 | 363,294 | 385,399 |
Group Debtors | 1,245,425 | 1,129,592 | 958,722 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 357,031 | 70,609 | 56,669 | 10,322 | 7,065 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 64,913 | 67,819 | 101,417 | 412,393 | 519,087 | 265,678 | 172,998 | 283,915 | 180,452 | 221,887 | 168,091 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,235,033 | 2,182,161 | 1,834,952 | 1,434,445 | 1,334,111 | 951,655 | 736,786 | 908,887 | 874,853 | 600,152 | 562,029 |
total assets | 2,335,212 | 2,313,214 | 1,986,306 | 1,594,196 | 1,503,022 | 1,107,428 | 868,705 | 1,058,774 | 1,041,151 | 778,794 | 765,971 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 93,862 | 217,400 | 208,034 | 179,086 | 172,706 | 406,127 | 381,766 | 508,332 | 564,746 | 310,618 | 319,320 |
Group/Directors Accounts | 0 | 6,843 | 0 | 40,129 | 40,129 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 8,073 | 8,879 | 7,950 | 3,112 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 459,920 | 508,806 | 507,555 | 271,247 | 295,424 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 561,855 | 741,928 | 723,539 | 493,574 | 508,259 | 406,127 | 381,766 | 508,332 | 564,746 | 310,618 | 319,320 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 10,346 | 18,419 | 29,402 | 9,131 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213 | 1,066 | 0 | 0 |
other liabilities | 123,175 | 166,667 | 0 | 0 | 12,352 | 15,800 | 0 | 0 | 0 | 0 | 0 |
provisions | 7,041 | 4,144 | 9,529 | 10,600 | 10,325 | 8,204 | 1,016 | 1,474 | 2,098 | 1,316 | 694 |
total long term liabilities | 140,562 | 189,230 | 38,931 | 19,731 | 22,677 | 24,004 | 1,016 | 1,687 | 3,164 | 1,316 | 694 |
total liabilities | 702,417 | 931,158 | 762,470 | 513,305 | 530,936 | 430,131 | 382,782 | 510,019 | 567,910 | 311,934 | 320,014 |
net assets | 1,632,795 | 1,382,056 | 1,223,836 | 1,080,891 | 972,086 | 677,297 | 485,923 | 548,755 | 473,241 | 466,860 | 445,957 |
total shareholders funds | 1,632,795 | 1,382,056 | 1,223,836 | 1,080,891 | 972,086 | 677,297 | 485,923 | 548,755 | 473,241 | 466,860 | 445,957 |
Jun 2020 | Jun 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||
Operating Profit | |||||||||||
Depreciation | 25,781 | 30,564 | 23,423 | 19,370 | 15,888 | 9,584 | 1,831 | 2,405 | 4,599 | 3,642 | 11,021 |
Amortisation | 15,000 | 18,750 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 |
Tax | |||||||||||
Stock | -90,610 | 357,547 | -4,600 | 14,751 | -57,553 | 58,702 | 3,817 | -26,709 | 23,421 | 6,432 | 8,539 |
Debtors | 146,388 | 23,260 | 716,083 | 192,277 | 186,600 | 63,487 | -65,001 | -42,720 | 292,715 | -22,105 | 385,399 |
Creditors | -123,538 | 9,366 | 28,948 | 6,380 | -233,421 | 24,361 | -126,566 | -56,414 | 254,128 | -8,702 | 319,320 |
Accruals and Deferred Income | -48,886 | 1,251 | 236,308 | -24,177 | 295,424 | 0 | -213 | -853 | 1,066 | 0 | 0 |
Deferred Taxes & Provisions | 2,897 | -5,385 | -1,071 | 275 | 2,121 | 7,188 | -458 | -624 | 782 | 622 | 694 |
Cash flow from operations | |||||||||||
Investing Activities | |||||||||||
capital expenditure | |||||||||||
Change in Investments | 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 |
Group/Directors Accounts | -6,843 | 6,843 | -40,129 | 0 | 40,129 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 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 |
Hire Purchase and Lease Commitments | -8,879 | -10,054 | 25,109 | 12,243 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -43,492 | 166,667 | 0 | -12,352 | -3,448 | 15,800 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||
interest | |||||||||||
cash flow from financing | |||||||||||
cash and cash equivalents | |||||||||||
cash | -2,906 | -33,598 | -310,976 | -106,694 | 253,409 | 92,680 | -110,917 | 103,463 | -41,435 | 53,796 | 168,091 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -2,906 | -33,598 | -310,976 | -106,694 | 253,409 | 92,680 | -110,917 | 103,463 | -41,435 | 53,796 | 168,091 |
mectec engineering ltd Credit Report and Business Information
Mectec Engineering Ltd Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for mectec engineering ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in WA4 area or any other competitors across 12 key performance metrics.
mectec engineering ltd Ownership
MECTEC ENGINEERING LTD group structure
Mectec Engineering Ltd has no subsidiary companies.
mectec engineering ltd directors
Mectec Engineering Ltd currently has 1 director, Mr Paul Morgan serving since Sep 2017.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paul Morgan | England | 51 years | Sep 2017 | - | Director |
P&L
June 2020turnover
2.2m
-32%
operating profit
309.5k
0%
gross margin
29.8%
+0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2020net assets
1.6m
+0.18%
total assets
2.3m
+0.01%
cash
64.9k
-0.04%
net assets
Total assets minus all liabilities
mectec engineering ltd company details
company number
04202851
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
April 2001
age
23
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
north wales engineering limited (March 2002)
last accounts submitted
June 2020
address
7400 daresbury park, daresbury, warrington, cheshire, WA4 4BS
accountant
-
auditor
-
mectec engineering ltd 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 did not find charges/mortgages relating to mectec engineering ltd.
![charges](/assets/images/company_charges.png)
mectec engineering ltd Companies House Filings - See Documents
date | description | view/download |
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