Mectec Engineering Ltd

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mectec engineering ltd Company Information

Dissolved

Company Number

04202851

Website

www.mectec.co.uk

Registered 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

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Directors

Paul Morgan6 Years

Shareholders

tregynon industries limited 100%

mectec engineering ltd Estimated Valuation

£1.5m

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).

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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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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 Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3.4%)

EXPORT

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	2,211,048	3,260,245	2,712,280	2,808,999	2,365,992	2,304,330	1,972,716	2,388,520	2,509,864	1,348,252	1,549,286
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,552,474	2,295,154	1,878,017	1,935,261	1,627,054	1,583,997	1,375,432	1,666,585	1,747,811	931,829	1,069,535
Gross Profit	658,574	965,091	834,264	873,738	738,938	720,333	597,284	721,935	762,054	416,423	479,750
Admin Expenses	349,086	770,392	659,073	738,896	372,414	479,184	661,258	623,735	751,625	386,792	-134,748
Operating Profit	309,488	194,699	175,191	134,842	366,524	241,149	-63,974	98,200	10,429	29,631	614,498
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	66	635	1,285	1,164	1,962	1,097	1,142	1,161	1,006	975	420
Pre-Tax Profit	309,554	195,333	176,475	136,006	368,486	242,246	-62,832	99,361	11,435	30,606	614,918
Tax	-58,815	-37,113	-33,530	-27,201	-73,697	-50,872	0	-23,847	-2,973	-8,570	-172,177
Profit After Tax	250,739	158,220	142,945	108,805	294,789	191,374	-62,832	75,514	8,462	22,036	442,741
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	250,739	158,220	142,945	108,805	294,789	191,374	-62,832	75,514	8,462	22,036	442,741
Employee Costs	1,537,114	1,916,071	1,332,395	854,057	680,372	635,172	567,819	620,078	672,643	384,367	436,958
Number Of Employees	43	55	40	26	21	20	18	20	22	13	15
EBITDA*	350,269	244,013	213,614	169,212	397,412	265,733	-47,143	115,605	30,028	48,273	640,519

* 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	309,488	194,699	175,191	134,842	366,524	241,149	-63,974	98,200	10,429	29,631	614,498
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	-58,815	-37,113	-33,530	-27,201	-73,697	-50,872	0	-23,847	-2,973	-8,570	-172,177
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	66,149	-168,675	-267,214	-82,539	258,792	124,221	-113,196	103,296	-33,105	47,296	394,418
Investing Activities
capital expenditure	-9,907	-29,013	-30,026	-25,210	-44,026	-48,438	1,137	-994	-7,255	6,658	-229,963
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,907	-29,013	-30,026	-25,210	-44,026	-48,438	1,137	-994	-7,255	6,658	-229,963
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	0	0	0	0	0	0	0	0	-2,081	-1,133	3,216
interest	66	635	1,285	1,164	1,962	1,097	1,142	1,161	1,006	975	420
cash flow from financing	-59,148	164,091	-13,735	1,055	38,643	16,897	1,142	1,161	-1,075	-158	3,636
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MECTEC ENGINEERING LTD group structure

Mectec Engineering Ltd has no subsidiary companies.

Ultimate parent company

TREGYNON INDUSTRIES LIMITED

10591906

1 parent

MECTEC ENGINEERING LTD

04202851

MECTEC ENGINEERING LTD Shareholders

tregynon industries limited

100%

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 2020

turnover

2.2m

-32%

operating profit

309.5k

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 2020

net assets

1.6m

+0.18%

total assets

2.3m

+0.01%

cash

64.9k

-0.04%

net assets

Total assets minus all liabilities

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company number

04202851

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

April 2001

accounts

Total Exemption Full

ultimate parent company

TREGYNON INDUSTRIES LIMITED

previous names

north wales engineering limited (March 2002)

last accounts submitted

June 2020

address

7400 daresbury park, daresbury, warrington, cheshire, WA4 4BS

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.

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mectec engineering ltd Company Information

mectec engineering ltd Estimated Valuation

mectec engineering ltd Estimated Valuation

mectec engineering ltd Estimated Valuation

Mectec Engineering Ltd Overview

Mectec Engineering Ltd Health Check

MECTEC ENGINEERING LTD financials

mectec engineering ltd Credit Report and Business Information

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mectec engineering ltd Ownership

mectec engineering ltd directors

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