machineworks limited
machineworks limited Company Information
Company Number
04561671
Website
www.machineworks.comRegistered Address
rutledge house, 78 clarkehouse road, sheffield, south yorkshire, S10 2LJ
Industry
Business and domestic software development
Telephone
01142231370
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
westec holding company limited 100%
machineworks limited Estimated Valuation
Pomanda estimates the enterprise value of MACHINEWORKS LIMITED at £1.8m based on a Turnover of £2.1m and 0.85x industry multiple (adjusted for size and gross margin).
machineworks limited Estimated Valuation
Pomanda estimates the enterprise value of MACHINEWORKS LIMITED at £3.9m based on an EBITDA of £653.4k and a 5.9x industry multiple (adjusted for size and gross margin).
machineworks limited Estimated Valuation
Pomanda estimates the enterprise value of MACHINEWORKS LIMITED at £13.4m based on Net Assets of £5.8m and 2.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Machineworks Limited Overview
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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Machineworks Limited Health Check
Pomanda's financial health check has awarded Machineworks Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£3.7m)
- Machineworks Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.7%)
- Machineworks Limited
7.7% - Industry AVG
Production
with a gross margin of 71.2%, this company has a comparable cost of product (71.2%)
- Machineworks Limited
71.2% - Industry AVG
Profitability
an operating margin of 27.7% make it more profitable than the average company (3.6%)
- Machineworks Limited
3.6% - Industry AVG
Employees
with 27 employees, this is below the industry average (34)
27 - Machineworks Limited
34 - Industry AVG
Pay Structure
on an average salary of £67.6k, the company has an equivalent pay structure (£67.6k)
- Machineworks Limited
£67.6k - Industry AVG
Efficiency
resulting in sales per employee of £76.4k, this is less efficient (£114k)
- Machineworks Limited
£114k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is earlier than average (60 days)
- Machineworks Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (46 days)
- Machineworks Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Machineworks Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 480 weeks, this is more cash available to meet short term requirements (19 weeks)
480 weeks - Machineworks Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9%, this is a lower level of debt than the average (62%)
9% - Machineworks Limited
62% - Industry AVG
MACHINEWORKS LIMITED financials
Machineworks Limited's latest turnover from December 2022 is estimated at £2.1 million and the company has net assets of £5.8 million. According to their latest financial statements, Machineworks Limited has 27 employees and maintains cash reserves of £5.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 3,382,401 | 2,611,858 | 2,402,865 | 2,485,352 | ||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 1,200,965 | 416,024 | 135,308 | 552,791 | ||||||||||
| Interest Payable | 0 | 0 | 149 | 0 | ||||||||||
| Interest Receivable | 189 | 10 | 1,129 | 2,711 | ||||||||||
| Pre-Tax Profit | 1,201,154 | 416,034 | 136,288 | 555,502 | ||||||||||
| Tax | -224,200 | 2,500 | 55,439 | 81,461 | ||||||||||
| Profit After Tax | 976,954 | 418,534 | 191,727 | 636,963 | ||||||||||
| Dividends Paid | 0 | 0 | 4,428,273 | 82,919 | ||||||||||
| Retained Profit | 976,954 | 418,534 | -4,236,546 | 554,044 | ||||||||||
| Employee Costs | 1,661,347 | 1,521,160 | ||||||||||||
| Number Of Employees | 27 | 28 | 27 | 26 | 26 | 24 | 24 | 25 | 22 | |||||
| EBITDA* | 1,211,693 | 431,789 | 158,689 | 577,488 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 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 |
| Investments & Other | 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 | 4,469,297 | 4,469,297 | 0 | 0 |
| Total Fixed Assets | 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 |
| Trade Debtors | 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 | 250,052 | 215,814 | 207,912 | 4,469,297 | 0 | 0 | 0 | 0 |
| Misc Debtors | 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 | 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 |
| total current assets | 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 | 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 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 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 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 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 | 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 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 2,500 | 800 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 2,500 | 800 | 0 | 0 | 0 |
| total liabilities | 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 | 5,794,919 | 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 | 5,794,919 | 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 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 | 1,200,965 | 416,024 | 135,308 | 552,791 | ||||||||||
| Depreciation | 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 |
| Tax | -224,200 | 2,500 | 55,439 | 81,461 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 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 | -3,923 | -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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,500 | 0 | 1,700 | 800 | 0 | 0 | 0 |
| Cash flow from operations | 1,033,355 | 548,396 | 4,354,941 | 190,197 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -15,868 | -9,580 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 1 | 0 | 0 |
| cash flow from investments | -15,868 | -9,579 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 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 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 189 | 10 | 980 | 2,711 | ||||||||||
| cash flow from financing | 189 | 10 | 980 | 2,711 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 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 |
| change in cash | 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 |
machineworks limited Credit Report and Business Information
Machineworks Limited Competitor Analysis
Perform a competitor analysis for machineworks limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in S10 area or any other competitors across 12 key performance metrics.
machineworks limited Ownership
MACHINEWORKS LIMITED group structure
Machineworks Limited has no subsidiary companies.
Ultimate parent company
DR JOHANNES HEIDENHAIN STIFTUNG GMBH
#0087655
2 parents
MACHINEWORKS LIMITED
04561671
machineworks limited directors
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 | 57 years | Nov 2015 | - | Director |
P&L
December 2022turnover
2.1m
+29%
operating profit
570.2k
0%
gross margin
71.3%
-2.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.8m
+0.12%
total assets
6.4m
+0.12%
cash
5.3m
+0.12%
net assets
Total assets minus all liabilities
Similar Companies
machineworks limited company details
company number
04561671
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
October 2002
age
22
accounts
Small Company
ultimate parent company
previous names
imco (282002) limited (December 2002)
incorporated
UK
address
rutledge house, 78 clarkehouse road, sheffield, south yorkshire, S10 2LJ
last accounts submitted
December 2022
machineworks limited 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 3 charges/mortgages relating to machineworks limited. Currently there are 0 open charges and 3 have been satisfied in the past.
machineworks limited Companies House Filings - See Documents
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