Multi-tech Engineering (uk) Limited

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multi-tech engineering (uk) limited Company Information

Live

EstablishedSmallHealthy

Company Number

05779644

Website

http://mteuk.com

Registered Address

multi-tech engineering (uk) ltd, kirkhaw lane, knottingley, west yorkshire, WF11 8RD

Industry

Machining

Manufacture of other special-purpose machinery n.e.c.

Telephone

01977670514

Next Accounts Due

July 2025

Group Structure

View All

Directors

Deborah Smith18 Years

Richard Smith18 Years

Shareholders

richard donald smith 50%

deborah ann smith 50%

multi-tech engineering (uk) limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of MULTI-TECH ENGINEERING (UK) LIMITED at £3.8m based on Net Assets of £2m and 1.88x industry multiple (adjusted for liquidity).

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Multi-tech Engineering (uk) Limited is a live company located in knottingley, WF11 8RD with a Companies House number of 05779644. It operates in the machining sector, SIC Code 25620. Founded in April 2006, it's largest shareholder is richard donald smith with a 50% stake. Multi-tech Engineering (uk) Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Multi-Tech Engineering (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£10.8m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (3%)

EXPORT

Multi-Tech Engineering (Uk) Limited's latest turnover from October 2023 is estimated at £2.6 million and the company has net assets of £2 million. According to their latest financial statements, Multi-Tech Engineering (Uk) Limited has 17 employees and maintains cash reserves of £3.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	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	2,633,740	2,066,659	2,065,084	2,314,382	1,783,170	2,296,528	2,076,832	1,975,998	2,704,376	2,607,761	3,376,768	2,222,498	2,352,691	1,988,394	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,853,899	1,463,003	1,478,972	1,643,812	1,253,627	1,592,631	1,417,503	1,358,038	1,862,057	1,783,530	2,314,984	1,525,026	1,583,892	1,327,259	0
Gross Profit	779,842	603,656	586,112	670,570	529,543	703,897	659,330	617,961	842,319	824,231	1,061,784	697,472	768,799	661,135	0
Admin Expenses	613,021	319,219	479,661	736,275	512,658	358,578	640,745	555,316	630,888	662,862	497,013	619,617	303,437	254,094	-1,150,983
Operating Profit	166,821	284,437	106,451	-65,705	16,885	345,319	18,585	62,645	211,431	161,369	564,771	77,855	465,362	407,041	1,150,983
Interest Payable	117,824	93,081	78,362	74,889	75,024	82,246	82,994	88,894	102,790	112,777	121,799	78,578	31,955	34,151	17,914
Interest Receivable	1,969	1,530	55	26	26	26	9	73	285	417	350	295	1,231	1,662	647
Pre-Tax Profit	50,967	192,886	28,143	-140,567	-58,112	263,099	-64,400	-26,176	108,926	49,010	443,322	-428	434,638	374,551	1,133,717
Tax	-12,742	-36,648	-5,347	0	0	-49,989	0	0	-21,785	-10,292	-101,964	0	-113,006	-104,874	-317,441
Profit After Tax	38,225	156,238	22,796	-140,567	-58,112	213,110	-64,400	-26,176	87,141	38,718	341,358	-428	321,632	269,677	816,276
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	38,225	156,238	22,796	-140,567	-58,112	213,110	-64,400	-26,176	87,141	38,718	341,358	-428	321,632	269,677	816,276
Employee Costs	787,668	655,983	885,182	878,983	850,678	907,002	1,116,234	1,053,225	785,857	750,496	912,955	615,492	624,958	577,434	0
Number Of Employees	17	15	21	21	21	23	29	28	21	20	25	17	18	17	0
EBITDA*	386,016	384,812	209,650	40,046	137,603	481,279	181,496	258,609	446,970	358,659	802,869	311,085	528,629	483,145	1,221,687

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	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	2,884,994	2,568,260	2,558,498	2,604,836	2,690,839	2,756,999	2,865,212	3,008,152	3,157,670	3,115,733	3,277,713	3,387,320	1,762,108	1,139,485	1,107,213
Intangible Assets	58,019	76,362	94,705	113,047	131,390	149,732	168,075	186,417	204,760	223,102	241,445	259,787	278,130	296,472	314,815
Investments & Other	0	0	0	0	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	0	0	0	0
Total Fixed Assets	2,943,013	2,644,622	2,653,203	2,717,883	2,822,229	2,906,731	3,033,287	3,194,569	3,362,430	3,338,835	3,519,158	3,647,107	2,040,238	1,435,957	1,422,028
Stock & work in progress	161,223	325,550	312,120	250,942	218,528	145,736	160,599	169,656	199,636	246,496	309,799	199,288	122,810	114,548	92,993
Trade Debtors	754,396	507,538	447,231	471,189	342,657	613,661	398,825	339,862	540,841	505,584	608,856	356,799	477,009	349,956	386,740
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	56,375	72,429	128,646	142,646	35,959	33,588	33,688	29,446	0	0	0	0	0	0	0
Cash	3,518	75,255	60,787	48,629	3,625	3,430	3,422	3,399	55,369	58,528	108,431	31,493	86,400	405,891	258,814
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	975,512	980,772	948,784	913,406	600,769	796,415	596,534	542,363	795,846	810,608	1,027,086	587,580	686,219	870,395	738,547
total assets	3,918,525	3,625,394	3,601,987	3,631,289	3,422,998	3,703,146	3,629,821	3,736,932	4,158,276	4,149,443	4,546,244	4,234,687	2,726,457	2,306,352	2,160,575
Bank overdraft	0	0	0	0	172,403	95,545	167,516	11,685	0	0	0	0	32,241	63,956	63,956
Bank loan	465,481	111,111	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	172,362	248,136	164,225	256,334	107,883	94,413	134,119	132,843	598,383	655,030	869,352	740,695	766,804	657,271	719,070
Group/Directors Accounts	0	0	0	0	0	0	0	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	504,635	330,778	384,435	215,176	258,406	455,029	314,178	291,309	0	0	0	0	0	0	0
total current liabilities	1,142,478	690,025	548,660	471,510	538,692	644,987	615,813	435,837	598,383	655,030	869,352	740,695	799,045	721,227	783,026
loans	637,559	928,106	1,217,302	1,351,950	931,010	1,023,972	1,149,881	1,326,718	1,506,211	1,656,556	1,813,493	1,934,164	451,377	435,659	487,231
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	20,479	57,144	91,879	133,028	31,674	87,034	123,221	22,685	36,513	54,042
provisions	122,000	29,000	14,000	8,600	13,500	15,800	22,185	33,300	45,280	17,950	26,850	28,450	44,765	26,000	19,000
total long term liabilities	759,559	957,106	1,231,302	1,360,550	944,510	1,060,251	1,229,210	1,451,897	1,684,519	1,706,180	1,927,377	2,085,835	518,827	498,172	560,273
total liabilities	1,902,037	1,647,131	1,779,962	1,832,060	1,483,202	1,705,238	1,845,023	1,887,734	2,282,902	2,361,210	2,796,729	2,826,530	1,317,872	1,219,399	1,343,299
net assets	2,016,488	1,978,263	1,822,025	1,799,229	1,939,796	1,997,908	1,784,798	1,849,198	1,875,374	1,788,233	1,749,515	1,408,157	1,408,585	1,086,953	817,276
total shareholders funds	2,016,488	1,978,263	1,822,025	1,799,229	1,939,796	1,997,908	1,784,798	1,849,198	1,875,374	1,788,233	1,749,515	1,408,157	1,408,585	1,086,953	817,276

	Oct 2023	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	166,821	284,437	106,451	-65,705	16,885	345,319	18,585	62,645	211,431	161,369	564,771	77,855	465,362	407,041	1,150,983
Depreciation	200,852	82,032	84,857	87,408	102,376	117,617	144,569	177,621	217,197	178,947	219,756	214,887	44,925	57,761	52,362
Amortisation	18,343	18,343	18,342	18,343	18,342	18,343	18,342	18,343	18,342	18,343	18,342	18,343	18,342	18,343	18,342
Tax	-12,742	-36,648	-5,347	0	0	-49,989	0	0	-21,785	-10,292	-101,964	0	-113,006	-104,874	-317,441
Stock	-164,327	13,430	61,178	32,414	72,792	-14,863	-9,057	-29,980	-46,860	-63,303	110,511	76,478	8,262	21,555	92,993
Debtors	230,804	4,090	-37,958	235,219	-268,633	214,736	63,205	-171,533	35,257	-103,272	252,057	-120,210	127,053	-36,784	386,740
Creditors	-75,774	83,911	-92,109	148,451	13,470	-39,706	1,276	-465,540	-56,647	-214,322	128,657	-26,109	109,533	-61,799	719,070
Accruals and Deferred Income	173,857	-53,657	169,259	-43,230	-196,623	140,851	22,869	291,309	0	0	0	0	0	0	0
Deferred Taxes & Provisions	93,000	15,000	5,400	-4,900	-2,300	-6,385	-11,115	-11,980	27,330	-8,900	-1,600	-16,315	18,765	7,000	19,000
Cash flow from operations	497,880	375,898	263,633	-127,266	147,991	326,177	140,378	273,911	407,471	291,720	465,394	312,393	408,606	338,701	1,162,583
Investing Activities
capital expenditure	-517,586	-91,794	-38,519	-1,405	-36,216	-9,404	-1,629	-28,103	-259,134	-16,967	-110,149	-1,840,099	-667,548	-90,033	-1,492,732
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-517,586	-91,794	-38,519	-1,405	-36,216	-9,404	-1,629	-28,103	-259,134	-16,967	-110,149	-1,840,099	-667,548	-90,033	-1,492,732
Financing Activities
Bank loans	354,370	111,111	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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	-290,547	-289,196	-134,648	420,940	-92,962	-125,909	-176,837	-179,493	-150,345	-156,937	-120,671	1,482,787	15,718	-51,572	487,231
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	-20,479	-36,665	-34,735	-41,149	101,354	-55,360	-36,187	100,536	-13,828	-17,529	54,042
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-115,855	-91,551	-78,307	-74,863	-74,998	-82,220	-82,985	-88,821	-102,505	-112,360	-121,449	-78,283	-30,724	-32,489	-17,267
cash flow from financing	-52,032	-269,636	-212,955	346,077	-188,439	-244,794	-294,557	-309,463	-151,496	-324,657	-278,307	1,505,040	-28,834	-101,590	525,006
cash and cash equivalents
cash	-71,737	14,468	12,158	45,004	195	8	23	-51,970	-3,159	-49,903	76,938	-54,907	-319,491	147,077	258,814
overdraft	0	0	0	-172,403	76,858	-71,971	155,831	11,685	0	0	0	-32,241	-31,715	0	63,956
change in cash	-71,737	14,468	12,158	217,407	-76,663	71,979	-155,808	-63,655	-3,159	-49,903	76,938	-22,666	-287,776	147,077	194,858

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MULTI-TECH ENGINEERING (UK) LIMITED group structure

Multi-Tech Engineering (Uk) Limited has no subsidiary companies.

Ultimate parent company

MULTI-TECH ENGINEERING (UK) LIMITED

05779644

MULTI-TECH ENGINEERING (UK) LIMITED Shareholders

richard donald smith	50%
deborah ann smith	50%

Multi-Tech Engineering (Uk) Limited currently has 2 directors. The longest serving directors include Mrs Deborah Smith (Apr 2006) and Mr Richard Smith (Apr 2006).

officer	country	age	start	end	role
Mrs Deborah Smith	United Kingdom	66 years	Apr 2006	-	Director
Mr Richard Smith	England	67 years	Apr 2006	-	Director

P&L

October 2023

turnover

2.6m

+27%

operating profit

166.8k

gross margin

29.7%

+1.37%

turnover

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

Balance Sheet

October 2023

net assets

+0.02%

total assets

3.9m

+0.08%

cash

3.5k

-0.95%

net assets

Total assets minus all liabilities

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company number

05779644

Type

Private limited with Share Capital

industry

25620 - Machining

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

April 2006

ultimate parent company

None

previous names

N/A

address

multi-tech engineering (uk) ltd, kirkhaw lane, knottingley, west yorkshire, WF11 8RD

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 5 charges/mortgages relating to multi-tech engineering (uk) limited. Currently there are 3 open charges and 2 have been satisfied in the past.

multi-tech engineering (uk) limited Company Information

multi-tech engineering (uk) limited Estimated Valuation

multi-tech engineering (uk) limited Estimated Valuation

multi-tech engineering (uk) limited Estimated Valuation

Multi-tech Engineering (uk) Limited Overview

Multi-tech Engineering (uk) Limited Health Check

MULTI-TECH ENGINEERING (UK) LIMITED financials

multi-tech engineering (uk) limited Credit Report and Business Information

Multi-tech Engineering (uk) Limited Competitor Analysis

multi-tech engineering (uk) limited Ownership

multi-tech engineering (uk) limited directors

multi-tech engineering (uk) limited company details

multi-tech engineering (uk) limited Charges & Mortgages

multi-tech engineering (uk) limited Companies House Filings - See Documents