Machineworks Limited

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machineworks limited Company Information

Live

MatureSmallHealthy

Company Number

04561671

Next Accounts

Sep 2025

Industry

Business and domestic software development

Directors

Fenqiang Lin

Claus Hardebusch

Shareholders

westec holding company limited

Group Structure

View All

Contact

Registered Address

rutledge house, 78 clarkehouse road, sheffield, south yorkshire, S10 2LJ

Website

www.machineworks.com

machineworks limited Estimated Valuation

£12.1m

Pomanda estimates the enterprise value of MACHINEWORKS LIMITED at £12.1m based on Net Assets of £5.1m and 2.37x industry multiple (adjusted for liquidity).

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Machineworks Limited is a live company located in sheffield, S10 2LJ with a Companies House number of 04561671. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2002, it's largest shareholder is westec holding company limited with a 100% stake. Machineworks Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Machineworks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £2.1m, make it smaller than the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (10.1%)

EXPORT

Machineworks Limited's latest turnover from December 2023 is estimated at £2.1 million and the company has net assets of £5.1 million. According to their latest financial statements, Machineworks Limited has 28 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,073,376	2,060,786	1,606,721	1,607,511	1,762,663	1,808,365	1,762,902	3,382,401	2,611,858	2,402,865	2,485,352	3,088,680	2,802,307	19,344,458	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	580,727	580,586	433,447	442,864	475,279	491,743	482,305	935,419	707,899	647,242	708,936	853,883	749,841	4,880,690	0
Gross Profit	1,492,649	1,480,200	1,173,274	1,164,648	1,287,384	1,316,621	1,280,597	2,446,982	1,903,959	1,755,623	1,776,416	2,234,797	2,052,466	14,463,768	0
Admin Expenses	2,437,893	910,045	897,523	-1,263,962	2,257,278	125,669	664,061	1,246,017	1,487,935	1,620,315	1,223,625	1,462,314	1,382,048	13,641,684	-3,758,339
Operating Profit	-945,244	570,155	275,751	2,428,610	-969,894	1,190,952	616,536	1,200,965	416,024	135,308	552,791	772,483	670,418	822,084	3,758,339
Interest Payable	0	0	0	0	0	0	0	0	0	149	0	0	0	0	0
Interest Receivable	265,951	174,574	11,570	3,550	22,459	21,433	10,847	189	10	1,129	2,711	2,195	1,775	1,655	733
Pre-Tax Profit	-679,293	744,728	287,321	2,432,160	-947,435	1,212,385	627,383	1,201,154	416,034	136,288	555,502	774,678	672,193	823,739	3,759,072
Tax	0	-141,498	-54,591	-462,110	0	-230,353	-119,203	-224,200	2,500	55,439	81,461	-185,923	-174,770	-230,647	-1,052,540
Profit After Tax	-679,293	603,230	232,730	1,970,050	-947,435	982,032	508,180	976,954	418,534	191,727	636,963	588,755	497,423	593,092	2,706,532
Dividends Paid	0	0	0	0	0	0	0	0	0	4,428,273	82,919	0	0	0	0
Retained Profit	-679,293	603,230	232,730	1,970,050	-947,435	982,032	508,180	976,954	418,534	-4,236,546	554,044	588,755	497,423	593,092	2,706,532
Employee Costs	2,017,971	1,831,625	1,769,933	1,626,477	1,610,794	1,599,044	1,421,299	1,363,918	1,661,347	1,521,160	1,281,039	1,620,990	1,450,960	9,769,690	0
Number Of Employees	28	27	28	27	26	26	24	24	25	22	24	31	28	192	0
EBITDA*	-868,986	653,414	370,970	2,513,325	-851,602	1,294,484	679,485	1,211,693	431,789	158,689	577,488	795,709	686,368	833,186	3,770,808

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	114,327	89,512	153,104	115,592	174,842	209,388	257,613	34,312	14,195	14,092	27,892	22,980	18,907	9,313	11,117
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	1	1	1	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	4,469,297	4,469,297	0	0
Total Fixed Assets	114,327	89,512	153,104	115,592	174,842	209,388	257,613	34,312	14,195	14,092	27,893	4,492,278	4,488,205	9,313	11,117
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	217,050	269,530	130,873	160,535	219,800	232,126	257,977	231,321	72,339	59,760	153,378	545,726	487,730	3,566,017	3,041,552
Group Debtors	0	0	0	0	0	0	0	250,052	215,814	207,912	4,469,297	0	0	0	0
Misc Debtors	591,029	729,176	707,764	519,244	517,100	572,872	517,575	242,017	368,200	606,068	475,078	0	0	0	0
Cash	4,853,544	5,277,936	4,697,710	4,558,244	2,542,147	3,446,910	2,268,677	2,070,167	1,067,468	534,930	616,862	536,482	341,338	368,793	293,345
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,661,623	6,276,642	5,536,347	5,238,023	3,279,047	4,251,908	3,044,229	2,793,557	1,723,821	1,408,670	5,714,615	1,082,208	829,068	3,934,810	3,334,897
total assets	5,775,950	6,366,154	5,689,451	5,353,615	3,453,889	4,461,296	3,301,842	2,827,869	1,738,016	1,422,762	5,742,508	5,574,486	5,317,273	3,944,123	3,346,014
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,654	5,126	9,049	32,743	45,895	44,590	28,426	12,281	7,264	32,692	5,429	840,540	1,172,882	297,155	292,138
Group/Directors Accounts	0	0	0	0	0	0	37,734	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	647,583	566,109	488,713	361,913	419,085	480,362	281,370	369,456	261,574	336,926	447,389	0	0	0	0
total current liabilities	649,237	571,235	497,762	394,656	464,980	524,952	347,530	381,737	268,838	369,618	452,818	840,540	1,172,882	297,155	292,138
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	11,087	0	0	0	0	0	0	0	0	2,500	2,500	800	0	0	0
total long term liabilities	11,087	0	0	0	0	0	0	0	0	2,500	2,500	800	0	0	0
total liabilities	660,324	571,235	497,762	394,656	464,980	524,952	347,530	381,737	268,838	372,118	455,318	841,340	1,172,882	297,155	292,138
net assets	5,115,626	5,794,919	5,191,689	4,958,959	2,988,909	3,936,344	2,954,312	2,446,132	1,469,178	1,050,644	5,287,190	4,733,146	4,144,391	3,646,968	3,053,876
total shareholders funds	5,115,626	5,794,919	5,191,689	4,958,959	2,988,909	3,936,344	2,954,312	2,446,132	1,469,178	1,050,644	5,287,190	4,733,146	4,144,391	3,646,968	3,053,876

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-945,244	570,155	275,751	2,428,610	-969,894	1,190,952	616,536	1,200,965	416,024	135,308	552,791	772,483	670,418	822,084	3,758,339
Depreciation	76,258	83,259	95,219	84,715	118,292	103,532	62,949	10,728	15,765	23,381	24,697	23,226	15,950	11,102	12,469
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-141,498	-54,591	-462,110	0	-230,353	-119,203	-224,200	2,500	55,439	81,461	-185,923	-174,770	-230,647	-1,052,540
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-190,627	160,069	158,858	-57,121	-68,098	29,446	52,162	67,037	-217,387	-4,224,013	82,730	57,996	1,391,010	524,465	3,041,552
Creditors	-3,472	-3,923	-23,694	-13,152	1,305	16,164	16,145	5,017	-25,428	27,263	-835,111	-332,342	875,727	5,017	292,138
Accruals and Deferred Income	81,474	77,396	126,800	-57,172	-61,277	198,992	-88,086	107,882	-75,352	-110,463	447,389	0	0	0	0
Deferred Taxes & Provisions	11,087	0	0	0	0	0	0	0	-2,500	0	1,700	800	0	0	0
Cash flow from operations	-589,270	425,320	260,627	2,038,012	-843,476	1,249,841	436,179	1,033,355	548,396	4,354,941	190,197	220,248	-3,685	83,091	-31,146
Investing Activities
capital expenditure	-101,073	-19,667	-132,731	-25,465	-83,746	-55,307	-286,250	-30,845	-15,868	-9,580	-29,609	-27,299	-25,544	-9,298	-23,586
Change in Investments	0	0	0	0	0	0	0	0	0	-1	0	0	1	0	0
cash flow from investments	-101,073	-19,667	-132,731	-25,465	-83,746	-55,307	-286,250	-30,845	-15,868	-9,579	-29,609	-27,299	-25,545	-9,298	-23,586
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-37,734	37,734	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	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	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	347,344
interest	265,951	174,574	11,570	3,550	22,459	21,433	10,847	189	10	980	2,711	2,195	1,775	1,655	733
cash flow from financing	265,951	174,574	11,570	3,550	22,459	-16,301	48,581	189	10	980	2,711	2,195	1,775	1,655	348,077
cash and cash equivalents
cash	-424,392	580,226	139,466	2,016,097	-904,763	1,178,233	198,510	1,002,699	532,538	-81,932	80,380	195,144	-27,455	75,448	293,345
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-424,392	580,226	139,466	2,016,097	-904,763	1,178,233	198,510	1,002,699	532,538	-81,932	80,380	195,144	-27,455	75,448	293,345

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MACHINEWORKS LIMITED group structure

Machineworks Limited has no subsidiary companies.

Ultimate parent company

DR JOHANNES HEIDENHAIN STIFTUNG GMBH

#0087655

WESTEC HOLDING COMPANY LIMITED

03871242

2 parents

MACHINEWORKS LIMITED

04561671

MACHINEWORKS LIMITED Shareholders

westec holding company limited

100%

Machineworks Limited currently has 2 directors. The longest serving directors include Dr Fenqiang Lin (Nov 2015) and Dr Claus Hardebusch (Nov 2015).

officer	country	age	start	end	role
Dr Fenqiang Lin		62 years	Nov 2015	-	Director
Dr Claus Hardebusch		58 years	Nov 2015	-	Director

P&L

December 2023

turnover

2.1m

+1%

operating profit

-945.2k

gross margin

72%

+0.23%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

5.1m

-0.12%

total assets

5.8m

-0.09%

cash

4.9m

-0.08%

net assets

Total assets minus all liabilities

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company number

04561671

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

October 2002

ultimate parent company

DR JOHANNES HEIDENHAIN STIFTUNG GMBH

previous names

imco (282002) limited (December 2002)

address

rutledge house, 78 clarkehouse road, sheffield, south yorkshire, S10 2LJ

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We found 3 charges/mortgages relating to machineworks limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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machineworks limited Company Information

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