Mowtec Limited

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mowtec limited Company Information

Live

EstablishedSmallHealthy

Company Number

05797607

Website

www.mowtec.co.uk

Registered Address

unit 3, garden court gee road, coalville, leicestershire, LE67 4NB

Industry

Manufacture of other rubber products

Telephone

01455251324

Next Accounts Due

December 2024

Group Structure

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Directors

Malcolm Lord18 Years

Andrew Holmes18 Years

View All

Shareholders

clinipol holdings ltd 100%

mowtec limited Estimated Valuation

£440.2k

Pomanda estimates the enterprise value of MOWTEC LIMITED at £440.2k based on Net Assets of £382.1k and 1.15x industry multiple (adjusted for liquidity).

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Mowtec Limited is a live company located in leicestershire, LE67 4NB with a Companies House number of 05797607. It operates in the manufacture of other rubber products sector, SIC Code 22190. Founded in April 2006, it's largest shareholder is clinipol holdings ltd with a 100% stake. Mowtec Limited is a established, small sized company, Pomanda has estimated its turnover at £591.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded Mowtec Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £591.8k, make it smaller than the average company (£14.6m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3%)

EXPORT

Mowtec Limited's latest turnover from March 2023 is estimated at £591.8 thousand and the company has net assets of £382.1 thousand. According to their latest financial statements, Mowtec Limited has 7 employees and maintains cash reserves of £292.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	591,797	738,883	778,131	436,199	442,335	457,551	736,562	611,818	533,737	434,174	488,379	406,038	512,362	363,643
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	460,767	595,134	614,502	348,427	356,818	366,110	551,353	475,856	415,371	343,572	392,757	315,300	386,963	271,309
Gross Profit	131,030	143,748	163,629	87,772	85,517	91,441	185,209	135,962	118,367	90,602	95,622	90,738	125,400	92,334
Admin Expenses	105,498	137,431	157,036	89,199	59,671	30,055	125,861	70,119	112,862	47,444	71,457	51,485	98,077	3,973
Operating Profit	25,532	6,317	6,593	-1,427	25,846	61,386	59,348	65,843	5,505	43,158	24,165	39,253	27,323	88,361
Interest Payable	0	0	2	2	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,588	385	68	220	2,477	1,464	567	1,103	946	470	442	435	200	46
Pre-Tax Profit	33,120	6,702	6,658	-1,210	28,322	62,849	59,915	66,946	6,451	43,627	24,607	39,688	27,522	88,407
Tax	-6,293	-1,273	-1,265	0	-5,381	-11,941	-11,983	-13,389	-1,355	-10,034	-5,906	-10,319	-7,706	-24,754
Profit After Tax	26,827	5,429	5,393	-1,210	22,941	50,908	47,932	53,557	5,096	33,593	18,701	29,369	19,816	63,653
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,827	5,429	5,393	-1,210	22,941	50,908	47,932	53,557	5,096	33,593	18,701	29,369	19,816	63,653
Employee Costs	287,605	232,077	252,510	279,930	410,689	398,091	544,651	531,569	95,211	62,234	62,778	62,592	86,128	55,550
Number Of Employees	7	6	7	8	12	12	16	16	3	2	2	2	3	2
EBITDA*	25,852	9,314	12,961	7,418	34,672	73,610	70,155	72,859	10,955	44,873	24,916	39,682	27,323	88,361

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,109	1	2,998	9,366	18,211	27,037	39,261	22,728	23,744	13,476	4,811	2,646	0	0
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	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	1,109	1	2,998	9,366	18,211	27,037	39,261	22,728	23,744	13,476	4,811	2,646	0	0
Stock & work in progress	33,623	10,354	13,948	19,095	14,977	37,861	42,565	23,086	33,587	26,978	26,791	27,591	17,180	28,111
Trade Debtors	172,927	337,305	357,855	141,031	96,318	112,795	153,367	113,262	111,550	134,743	155,391	113,524	171,056	123,221
Group Debtors	0	0	0	180,789	0	0	0	0	0	0	0	0	0	0
Misc Debtors	51,517	3,940	1,040	1,138	16,746	1,010	0	0	0	0	0	0	0	0
Cash	292,499	64,584	38,137	97,708	341,819	318,630	266,774	186,703	254,583	123,764	64,123	112,567	61,543	18,298
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	550,566	416,183	410,980	439,761	469,860	470,296	462,706	323,051	399,720	285,485	246,305	253,682	249,779	169,630
total assets	551,675	416,184	413,978	449,127	488,071	497,333	501,967	345,779	423,464	298,961	251,116	256,328	249,779	169,630
Bank overdraft	0	0	0	81	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	163,493	55,601	58,257	35,628	17,312	22,609	210,873	117,348	248,486	131,988	118,614	142,960	166,309	85,011
Group/Directors Accounts	0	0	0	0	88,238	90,592	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	0	0	0	67,182	33,395	51,700	0	0	0	0	0	0	0	20,965
total current liabilities	163,493	55,601	58,257	102,891	138,945	164,901	210,873	117,348	248,486	131,988	118,614	142,960	166,309	105,976
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	5,866	5,305	5,303	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	4,570	11,425	0	0	0	0	0	0	0
provisions	211	0	569	1,780	3,460	5,137	7,852	4,546	4,749	1,840	962	529	0	0
total long term liabilities	6,077	5,305	5,872	1,780	3,460	9,707	19,277	4,546	4,749	1,840	962	529	0	0
total liabilities	169,570	60,906	64,129	104,671	142,405	174,608	230,150	121,894	253,235	133,828	119,576	143,489	166,309	105,976
net assets	382,105	355,278	349,849	344,456	345,666	322,725	271,817	223,885	170,229	165,133	131,540	112,839	83,470	63,654
total shareholders funds	382,105	355,278	349,849	344,456	345,666	322,725	271,817	223,885	170,229	165,133	131,540	112,839	83,470	63,654

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	25,532	6,317	6,593	-1,427	25,846	61,386	59,348	65,843	5,505	43,158	24,165	39,253	27,323	88,361
Depreciation	320	2,997	6,368	8,845	8,826	12,224	10,807	7,016	5,450	1,715	751	429	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,293	-1,273	-1,265	0	-5,381	-11,941	-11,983	-13,389	-1,355	-10,034	-5,906	-10,319	-7,706	-24,754
Stock	23,269	-3,594	-5,147	4,118	-22,884	-4,704	19,479	-10,501	6,609	187	-800	10,411	-10,931	28,111
Debtors	-116,801	-17,650	35,937	209,894	-741	-39,562	40,105	1,712	-23,193	-20,648	41,867	-57,532	47,835	123,221
Creditors	107,892	-2,656	22,629	18,316	-5,297	-188,264	93,525	-131,138	116,498	13,374	-24,346	-23,349	81,298	85,011
Accruals and Deferred Income	561	2	-61,879	33,787	-18,305	51,700	0	0	0	0	0	0	-20,965	20,965
Deferred Taxes & Provisions	211	-569	-1,211	-1,680	-1,677	-2,715	3,306	-203	2,909	878	433	529	0	0
Cash flow from operations	221,755	26,062	-59,555	-156,171	27,637	-33,344	95,419	-63,082	145,591	69,552	-45,970	53,664	43,046	18,251
Investing Activities
capital expenditure	-1,428	0	0	0	0	0	-27,340	-6,000	-15,718	-10,380	-2,916	-3,075	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,428	0	0	0	0	0	-27,340	-6,000	-15,718	-10,380	-2,916	-3,075	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-88,238	-2,354	90,592	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	-4,570	-6,855	11,425	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	99	0	0	0	0	0	1
interest	7,588	385	66	218	2,477	1,464	567	1,103	946	470	442	435	200	46
cash flow from financing	7,588	385	66	-88,020	-4,447	85,201	11,992	1,202	946	470	442	435	200	47
cash and cash equivalents
cash	227,915	26,447	-59,571	-244,111	23,189	51,856	80,071	-67,880	130,819	59,641	-48,444	51,024	43,245	18,298
overdraft	0	0	-81	81	0	0	0	0	0	0	0	0	0	0
change in cash	227,915	26,447	-59,490	-244,192	23,189	51,856	80,071	-67,880	130,819	59,641	-48,444	51,024	43,245	18,298

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MOWTEC LIMITED group structure

Mowtec Limited has no subsidiary companies.

Ultimate parent company

CLINIPOL HOLDINGS LTD

09230340

CLINICAL POLYMER TECHNOLOGIES LTD.

05651620

2 parents

MOWTEC LIMITED

05797607

MOWTEC LIMITED Shareholders

clinipol holdings ltd

100%

Mowtec Limited currently has 5 directors. The longest serving directors include Mr Malcolm Lord (Apr 2006) and Mr Andrew Holmes (Apr 2006).

officer	country	age	start	end	role
Mr Malcolm Lord		68 years	Apr 2006	-	Director
Mr Andrew Holmes		61 years	Apr 2006	-	Director
Mr Garry Shaw	England	60 years	May 2006	-	Director
Ms Debbie McClellan		61 years	Jul 2020	-	Director
Mr Alexander Hooley		35 years	Jul 2020	-	Director

P&L

March 2023

turnover

591.8k

-20%

operating profit

25.5k

gross margin

22.2%

+13.81%

turnover

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

Balance Sheet

March 2023

net assets

382.1k

+0.08%

total assets

551.7k

+0.33%

cash

292.5k

+3.53%

net assets

Total assets minus all liabilities

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company number

05797607

Type

Private limited with Share Capital

industry

22190 - Manufacture of other rubber products

incorporation date

April 2006

age

accounts

Unaudited Abridged

ultimate parent company

CLINIPOL HOLDINGS LTD

previous names

N/A

incorporated

address

unit 3, garden court gee road, coalville, leicestershire, LE67 4NB

last accounts submitted

March 2023

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 mowtec limited. Currently there are 2 open charges and 1 have been satisfied in the past.

mowtec limited Company Information

mowtec limited Estimated Valuation

mowtec limited Estimated Valuation

mowtec limited Estimated Valuation

Mowtec Limited Overview

Mowtec Limited Health Check

MOWTEC LIMITED financials

mowtec limited Credit Report and Business Information

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mowtec limited Ownership

mowtec limited directors

mowtec limited company details

mowtec limited Charges & Mortgages

mowtec limited Companies House Filings - See Documents