M.t. Drains Limited

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m.t. drains limited Company Information

Live

MatureSmallDeclining

Company Number

04937674

Website

www.mtdrains.com

Registered Address

unit 2.02 high weald house, glovers end, bexhill, east sussex, TN39 5ES

Industry

Construction of water projects

Telephone

08001696993

Next Accounts Due

July 2024

Group Structure

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Directors

Darren Morgan Owen20 Years

Roy Page20 Years

Shareholders

roy page 30%

darren john morgan owen 30%

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m.t. drains limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of M.T. DRAINS LIMITED at £1.7m based on Net Assets of £1.1m and 1.57x industry multiple (adjusted for liquidity).

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M.t. Drains Limited is a live company located in bexhill, TN39 5ES with a Companies House number of 04937674. It operates in the construction of water projects sector, SIC Code 42910. Founded in October 2003, it's largest shareholder is roy page with a 30% stake. M.t. Drains Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.

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Pomanda's financial health check has awarded M.T. Drains Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£8.8m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (0.2%)

EXPORT

M.T. Drains Limited's latest turnover from October 2022 is estimated at £2.2 million and the company has net assets of £1.1 million. According to their latest financial statements, M.T. Drains Limited has 30 employees and maintains cash reserves of £277.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	2,220,566	2,394,626	2,810,764	2,703,505	3,487,910	2,694,412	5,341,483	4,583,764	1,853,629	2,315,496	1,282,407	1,101,983	1,130,942	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,811,018	1,959,101	2,370,860	2,168,213	2,715,105	2,029,699	4,035,063	3,705,122	1,505,194	1,825,913	1,040,052	881,480	857,803	0
Gross Profit	409,548	435,525	439,903	535,292	772,804	664,713	1,306,420	878,642	348,434	489,583	242,355	220,503	273,140	0
Admin Expenses	48,068	-118,467	194,726	589,228	491,845	659,981	1,398,996	859,917	294,509	397,382	242,760	219,954	273,263	-303
Operating Profit	361,480	553,992	245,177	-53,936	280,959	4,732	-92,576	18,725	53,925	92,201	-405	549	-123	303
Interest Payable	25,596	21,708	11,133	1,916	3,249	4,083	2,850	0	0	0	0	0	0	0
Interest Receivable	6,695	397	325	2,076	2,603	802	450	135	690	731	149	74	51	36
Pre-Tax Profit	342,579	532,680	234,370	-53,776	280,312	1,451	-94,975	18,860	54,615	92,932	-256	623	-72	339
Tax	-65,090	-101,209	-44,530	0	-53,259	-276	0	-3,772	-11,469	-21,374	0	-162	0	-95
Profit After Tax	277,489	431,471	189,840	-53,776	227,053	1,175	-94,975	15,088	43,146	71,558	-256	461	-72	244
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	277,489	431,471	189,840	-53,776	227,053	1,175	-94,975	15,088	43,146	71,558	-256	461	-72	244
Employee Costs	1,669,279	1,686,817	1,850,628	1,883,729	1,748,079	1,524,624	1,614,269	1,063,502	409,480	485,003	291,942	313,898	323,099	0
Number Of Employees	30	30	37	39	37	34	38	26	10	12	7	8	9	0
EBITDA*	470,531	651,773	383,511	63,392	327,726	78,523	-32,400	18,725	63,133	106,672	16,284	19,748	20,764	21,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	609,861	314,276	398,832	481,071	342,396	221,373	199,447	94,416	26,319	25,412	32,134	40,500	47,760	46,954
Intangible Assets	0	0	0	0	0	0	0	0	0	0	6,000	12,000	18,000	24,000
Investments & Other	731,093	568,593	391,256	337,500	25,000	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	0	0	0
Total Fixed Assets	1,340,954	882,869	790,088	818,571	367,396	221,373	199,447	94,416	26,319	25,412	38,134	52,500	65,760	70,954
Stock & work in progress	180,453	183,597	178,553	189,679	215,200	67,732	100,528	167,940	31,069	37,897	29,363	36,185	79,792	43,379
Trade Debtors	192,573	228,842	201,814	264,423	261,193	251,209	987,070	655,123	413,678	455,394	267,431	230,592	179,871	196,425
Group Debtors	115,418	116,631	112,140	156,269	267,750	192,750	0	0	0	0	0	0	0	0
Misc Debtors	17,129	14,949	24,333	90,785	337,436	61,921	58,346	0	0	0	0	0	0	0
Cash	277,783	317,292	475,766	175,100	378,530	315,520	325,751	34,561	19,348	256,557	35,904	23,870	5,794	14,471
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	783,356	861,311	992,606	876,256	1,460,109	889,132	1,471,695	857,624	464,095	749,848	332,698	290,647	265,457	254,275
total assets	2,124,310	1,744,180	1,782,694	1,694,827	1,827,505	1,110,505	1,671,142	952,040	490,414	775,260	370,832	343,147	331,217	325,229
Bank overdraft	73,000	73,000	0	0	56,784	39,484	91,184	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	63,920	87,819	62,466	48,592	108,513	326,483	824,195	752,278	373,974	514,290	240,653	202,287	166,352	173,027
Group/Directors Accounts	57,008	12,505	411,606	922,420	943,911	338,729	353,173	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	138,576	80,235	100,985	93,591	86,250	74,104	53,650	0	0	0	0	0	0	0
other current liabilities	109,241	246,039	230,025	184,270	181,335	147,739	155,728	0	0	0	0	0	0	0
total current liabilities	441,745	499,598	805,082	1,248,873	1,376,793	926,539	1,477,930	752,278	373,974	514,290	240,653	202,287	166,352	173,027
loans	200,750	273,750	365,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	266,973	88,319	144,944	152,992	122,972	106,457	119,339	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	69,493	1,259	188,935	129,702	140,127	164,593	151,858
provisions	106,296	51,456	68,082	83,216	64,218	41,040	38,579	0	0	0	0	0	0	0
total long term liabilities	574,019	413,525	578,026	236,208	187,190	147,497	157,918	69,493	1,259	188,935	129,702	140,127	164,593	151,858
total liabilities	1,015,764	913,123	1,383,108	1,485,081	1,563,983	1,074,036	1,635,848	821,771	375,233	703,225	370,355	342,414	330,945	324,885
net assets	1,108,546	831,057	399,586	209,746	263,522	36,469	35,294	130,269	115,181	72,035	477	733	272	344
total shareholders funds	1,108,546	831,057	399,586	209,746	263,522	36,469	35,294	130,269	115,181	72,035	477	733	272	344

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	361,480	553,992	245,177	-53,936	280,959	4,732	-92,576	18,725	53,925	92,201	-405	549	-123	303
Depreciation	109,051	97,781	138,334	117,328	46,767	73,791	60,176	0	9,208	8,471	10,689	13,199	14,887	15,651
Amortisation	0	0	0	0	0	0	0	0	0	6,000	6,000	6,000	6,000	6,000
Tax	-65,090	-101,209	-44,530	0	-53,259	-276	0	-3,772	-11,469	-21,374	0	-162	0	-95
Stock	-3,144	5,044	-11,126	-25,521	147,468	-32,796	-67,412	136,871	-6,828	8,534	-6,822	-43,607	36,413	43,379
Debtors	-35,302	22,135	-173,190	-354,902	360,499	-539,536	390,293	241,445	-41,716	187,963	36,839	50,721	-16,554	196,425
Creditors	-23,899	25,353	13,874	-59,921	-217,970	-497,712	71,917	378,304	-140,316	273,637	38,366	35,935	-6,675	173,027
Accruals and Deferred Income	-136,798	16,014	45,755	2,935	33,596	-7,989	155,728	0	0	0	0	0	0	0
Deferred Taxes & Provisions	54,840	-16,626	-15,134	18,998	23,178	2,461	38,579	0	0	0	0	0	0	0
Cash flow from operations	338,030	548,126	567,792	405,827	-394,696	147,339	-89,057	14,941	-40,108	162,438	24,633	48,407	-5,770	-44,918
Investing Activities
capital expenditure	-404,636	-13,225	-56,095	-256,003	-167,790	-95,717	-165,207	-68,097	-10,115	-1,749	-2,323	-5,939	-15,693	-92,605
Change in Investments	162,500	177,337	53,756	312,500	25,000	0	0	0	0	0	0	0	0	0
cash flow from investments	-567,136	-190,562	-109,851	-568,503	-192,790	-95,717	-165,207	-68,097	-10,115	-1,749	-2,323	-5,939	-15,693	-92,605
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	44,503	-399,101	-510,814	-21,491	605,182	-14,444	353,173	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	-73,000	-91,250	365,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	236,995	-77,375	-654	37,361	28,661	7,572	172,989	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-69,493	68,234	-187,676	59,233	-10,425	-24,466	12,735	151,858
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-18,901	-21,311	-10,808	160	-646	-3,281	-2,400	135	690	731	149	74	51	36
cash flow from financing	189,597	-589,037	-157,276	16,030	633,197	-10,153	454,269	68,369	-186,986	59,964	-10,276	-24,392	12,786	151,994
cash and cash equivalents
cash	-39,509	-158,474	300,666	-203,430	63,010	-10,231	291,190	15,213	-237,209	220,653	12,034	18,076	-8,677	14,471
overdraft	0	73,000	0	-56,784	17,300	-51,700	91,184	0	0	0	0	0	0	0
change in cash	-39,509	-231,474	300,666	-146,646	45,710	41,469	200,006	15,213	-237,209	220,653	12,034	18,076	-8,677	14,471

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M.T. DRAINS LIMITED group structure

M.T. Drains Limited has no subsidiary companies.

Ultimate parent company

M.T. DRAINS LIMITED

04937674

M.T. DRAINS LIMITED Shareholders

roy page	30%
darren john morgan owen	30%
mirjana page	20%
kim morgan-owen	20%

M.T. Drains Limited currently has 2 directors. The longest serving directors include Mr Darren Morgan Owen (Oct 2003) and Mr Roy Page (Oct 2003).

officer	country	age	start	end	role
Mr Darren Morgan Owen	England	57 years	Oct 2003	-	Director
Mr Roy Page	England	54 years	Oct 2003	-	Director

P&L

October 2022

turnover

2.2m

-7%

operating profit

361.5k

gross margin

18.5%

+1.41%

turnover

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

Balance Sheet

October 2022

net assets

1.1m

+0.33%

total assets

2.1m

+0.22%

cash

277.8k

-0.12%

net assets

Total assets minus all liabilities

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company number

04937674

Type

Private limited with Share Capital

industry

42910 - Construction of water projects

incorporation date

October 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 2.02 high weald house, glovers end, bexhill, east sussex, TN39 5ES

last accounts submitted

October 2022

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 m.t. drains limited.

m.t. drains limited Company Information

m.t. drains limited Estimated Valuation

m.t. drains limited Estimated Valuation

m.t. drains limited Estimated Valuation

M.t. Drains Limited Overview

M.t. Drains Limited Health Check

M.T. DRAINS LIMITED financials

m.t. drains limited Credit Report and Business Information

M.t. Drains Limited Competitor Analysis

m.t. drains limited Ownership

m.t. drains limited directors

m.t. drains limited company details

m.t. drains limited Charges & Mortgages

m.t. drains limited Companies House Filings - See Documents