midas ndt systems ltd
midas ndt systems ltd Company Information
Company Number
04372719
Website
linleyengineering.co.ukRegistered Address
2 sovereign quay, havannah street, cardiff, CF10 5SF
Industry
Manufacture of other special-purpose machinery n.e.c.
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
trigate holdings ltd 25%
james michael boaden 21.5%
View Allmidas ndt systems ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDAS NDT SYSTEMS LTD at £868.9k based on a Turnover of £1.8m and 0.48x industry multiple (adjusted for size and gross margin).
midas ndt systems ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDAS NDT SYSTEMS LTD at £1.3m based on an EBITDA of £337.4k and a 3.85x industry multiple (adjusted for size and gross margin).
midas ndt systems ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDAS NDT SYSTEMS LTD at £627.3k based on Net Assets of £303k and 2.07x industry multiple (adjusted for liquidity).
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Midas Ndt Systems Ltd Overview
Midas Ndt Systems Ltd is a dissolved company that was located in cardiff, CF10 5SF with a Companies House number of 04372719. It operated in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in February 2002, it's largest shareholder was trigate holdings ltd with a 25% stake. The last turnover for Midas Ndt Systems Ltd was estimated at £1.8m.
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Midas Ndt Systems Ltd Health Check
Pomanda's financial health check has awarded Midas Ndt Systems Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£8.2m)
- Midas Ndt Systems Ltd
£8.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Midas Ndt Systems Ltd
- - Industry AVG
Production
with a gross margin of 23.4%, this company has a higher cost of product (32.6%)
- Midas Ndt Systems Ltd
32.6% - Industry AVG
Profitability
an operating margin of 15.5% make it more profitable than the average company (7.7%)
- Midas Ndt Systems Ltd
7.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (77)
- Midas Ndt Systems Ltd
77 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)
- Midas Ndt Systems Ltd
£37.6k - Industry AVG
Efficiency
resulting in sales per employee of £201.3k, this is more efficient (£147.8k)
- Midas Ndt Systems Ltd
£147.8k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (61 days)
- Midas Ndt Systems Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 158 days, this is slower than average (50 days)
- Midas Ndt Systems Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 117 days, this is more than average (74 days)
- Midas Ndt Systems Ltd
74 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Midas Ndt Systems Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.4%, this is a higher level of debt than the average (57.7%)
72.4% - Midas Ndt Systems Ltd
57.7% - Industry AVG
MIDAS NDT SYSTEMS LTD financials
Midas Ndt Systems Ltd's latest turnover from March 2012 is estimated at £1.8 million and the company has net assets of £303 thousand. According to their latest financial statements, we estimate that Midas Ndt Systems Ltd has 9 employees and maintains cash reserves of £1.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|
| Tangible Assets | 162,476 | 101,589 | 113,498 |
| Intangible Assets | 0 | 101,250 | 116,250 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 162,476 | 202,839 | 229,748 |
| Stock & work in progress | 447,334 | 198,579 | 101,143 |
| Trade Debtors | 485,771 | 131,673 | 238,230 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 1,222 | 1,309 | 593 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 934,327 | 331,561 | 339,966 |
| total assets | 1,096,803 | 534,400 | 569,714 |
| Bank overdraft | 0 | 0 | 173,245 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 602,097 | 327,840 | 240,702 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 18,050 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 602,097 | 327,840 | 431,997 |
| loans | 0 | 21,863 | 45,791 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 166,371 | 88,359 | 90,776 |
| provisions | 25,300 | 0 | 0 |
| total long term liabilities | 191,671 | 110,222 | 136,567 |
| total liabilities | 793,768 | 438,062 | 568,564 |
| net assets | 303,035 | 96,338 | 1,150 |
| total shareholders funds | 303,035 | 96,338 | 1,150 |
| Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 42,329 | 20,495 | 23,561 |
| Amortisation | 15,000 | 15,000 | 15,000 |
| Tax | |||
| Stock | 248,755 | 97,436 | 101,143 |
| Debtors | 354,098 | -106,557 | 238,230 |
| Creditors | 274,257 | 87,138 | 240,702 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 25,300 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -21,863 | -23,928 | 45,791 |
| Hire Purchase and Lease Commitments | 0 | -18,050 | 18,050 |
| other long term liabilities | 78,012 | -2,417 | 90,776 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -87 | 716 | 593 |
| overdraft | 0 | -173,245 | 173,245 |
| change in cash | -87 | 173,961 | -172,652 |
midas ndt systems ltd Credit Report and Business Information
Midas Ndt Systems Ltd Competitor Analysis
Perform a competitor analysis for midas ndt systems ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
midas ndt systems ltd Ownership
MIDAS NDT SYSTEMS LTD group structure
Midas Ndt Systems Ltd has no subsidiary companies.
Ultimate parent company
MIDAS NDT SYSTEMS LTD
04372719
midas ndt systems ltd directors
Midas Ndt Systems Ltd currently has 3 directors. The longest serving directors include Mr James Boaden (Jan 2004) and Mrs Dawn Boaden (Jan 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Boaden | United Kingdom | 60 years | Jan 2004 | - | Director |
| Mrs Dawn Boaden | United Kingdom | 61 years | Jan 2004 | - | Director |
| Mr Clive Snell | Wales | 80 years | Apr 2013 | - | Director |
P&L
March 2012turnover
1.8m
+173%
operating profit
280k
0%
gross margin
23.5%
-0.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2012net assets
303k
+2.15%
total assets
1.1m
+1.05%
cash
1.2k
-0.07%
net assets
Total assets minus all liabilities
Similar Companies
midas ndt systems ltd company details
company number
04372719
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
February 2002
age
22
accounts
Total Exemption Small
ultimate parent company
previous names
N/A
incorporated
UK
address
2 sovereign quay, havannah street, cardiff, CF10 5SF
last accounts submitted
March 2012
midas ndt systems 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 found 1 charges/mortgages relating to midas ndt systems ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
midas ndt systems ltd Companies House Filings - See Documents
| date | description | view/download |
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