M I Plant Engineering Ltd

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m i plant engineering ltd Company Information

Live

EstablishedSmallHigh

Company Number

05892540

Next Accounts

Apr 2025

Industry

Repair of machinery

Directors

Matthew Irish

Shareholders

matthew peter irish

della irish

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Group Structure

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Contact

Registered Address

five oaks bickington, newton abbot, TQ12 6LH

Website

www.miplant.co.uk

m i plant engineering ltd Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of M I PLANT ENGINEERING LTD at £3.9m based on Net Assets of £944k and 4.1x industry multiple (adjusted for liquidity).

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M I Plant Engineering Ltd is a live company located in newton abbot, TQ12 6LH with a Companies House number of 05892540. It operates in the repair of machinery sector, SIC Code 33120. Founded in August 2006, it's largest shareholder is matthew peter irish with a 58.8% stake. M I Plant Engineering Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.

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Pomanda's financial health check has awarded M I Plant Engineering Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£5.7m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (3.9%)

EXPORT

M I Plant Engineering Ltd's latest turnover from July 2023 is estimated at £1.5 million and the company has net assets of £944 thousand. According to their latest financial statements, M I Plant Engineering Ltd has 7 employees and maintains cash reserves of £175.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,483,233	1,415,063	1,207,762	760,025	1,681,969	2,081,409	1,264,881	757,953	680,059	990,574	985,522	292,410	263,152	264,642	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	996,490	973,794	823,467	525,940	1,101,504	1,324,762	759,494	461,719	461,825	677,680	674,891	187,737	164,921	153,227	0
Gross Profit	486,743	441,269	384,294	234,085	580,465	756,647	505,387	296,234	218,234	312,894	310,632	104,673	98,230	111,415	0
Admin Expenses	372,120	309,337	167,468	71,023	580,465	602,032	404,139	184,317	135,205	235,316	292,805	93,557	97,638	110,632	-3,249
Operating Profit	114,623	131,932	216,826	163,062	0	154,615	101,248	111,917	83,029	77,578	17,827	11,116	592	783	3,249
Interest Payable	5,961	6,123	5,254	2,327	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,970	2,097	209	113	0	7	108	355	170	81	139	128	96	84	36
Pre-Tax Profit	116,632	127,906	211,780	160,847	0	154,622	101,356	112,273	83,199	77,659	17,966	11,245	688	867	3,285
Tax	-29,158	-24,302	-40,238	-30,561	0	-29,378	-19,258	-22,454	-16,640	-16,308	-4,132	-2,699	-179	-243	-920
Profit After Tax	87,474	103,604	171,542	130,286	0	125,244	82,098	89,818	66,559	61,351	13,834	8,546	509	624	2,365
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	87,474	103,604	171,542	130,286	0	125,244	82,098	89,818	66,559	61,351	13,834	8,546	509	624	2,365
Employee Costs	303,226	241,438	151,265	165,279	172,571	547,096	346,206	177,298	150,039	188,106	175,753	73,736	69,522	65,166	0
Number Of Employees	7	6	4	4	4	13	9	5	4	5	5	2	2	2	0
EBITDA*	206,951	223,448	279,079	217,876	0	154,615	101,248	142,574	113,563	102,197	36,165	27,026	11,131	9,763	12,258

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	514,233	520,195	508,855	368,298	266,608	266,608	223,564	188,658	164,212	171,836	119,250	109,431	83,677	47,340	43,300
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	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	514,233	520,195	508,855	368,298	266,608	266,608	223,564	188,658	164,212	171,836	119,250	109,431	83,677	47,340	43,300
Stock & work in progress	19,000	27,400	13,400	15,300	0	0	0	6,900	5,500	5,400	4,700	4,100	5,500	3,300	2,700
Trade Debtors	447,028	412,036	322,810	198,794	431,373	431,373	298,250	169,571	164,217	233,276	191,510	65,275	64,307	64,703	54,726
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,929	3,762	3,419	3,093	0	0	0	0	0	0	0	0	0	0	0
Cash	175,475	143,326	192,248	225,107	0	0	2,938	83,320	58,745	9,189	23,212	32,317	19,012	19,210	14,300
misc current assets	0	0	0	0	2,986	2,986	0	0	0	0	0	0	0	0	0
total current assets	645,432	586,524	531,877	442,294	434,359	434,359	301,188	259,791	228,462	247,865	219,422	101,692	88,819	87,213	71,726
total assets	1,159,665	1,106,719	1,040,732	810,592	700,967	700,967	524,752	448,449	392,674	419,701	338,672	211,123	172,496	134,553	115,026
Bank overdraft	10,000	10,000	10,000	1,666	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	41,356	64,077	99,393	32,323	145,306	145,306	99,276	115,320	129,431	148,504	158,833	57,533	45,537	41,405	30,596
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	5,365	5,853	13,186	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	138,944	107,827	81,288	96,224	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	190,300	187,269	196,534	143,399	145,306	145,306	99,276	115,320	129,431	148,504	158,833	57,533	45,537	41,405	30,596
loans	25,409	62,968	85,955	74,639	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	5,365	11,218	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	2,600	2,600	2,600	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	102,113	102,113	97,172	89,423	109,355	183,868	153,861	141,446	123,361	90,059	81,965
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	25,409	62,968	91,320	85,857	104,713	104,713	99,772	89,423	109,355	183,868	153,861	141,446	123,361	90,059	81,965
total liabilities	215,709	250,237	287,854	229,256	250,019	250,019	199,048	204,743	238,786	332,372	312,694	198,979	168,898	131,464	112,561
net assets	943,956	856,482	752,878	581,336	450,948	450,948	325,704	243,706	153,888	87,329	25,978	12,144	3,598	3,089	2,465
total shareholders funds	943,956	856,482	752,878	581,336	450,948	450,948	325,704	243,706	153,888	87,329	25,978	12,144	3,598	3,089	2,465

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	114,623	131,932	216,826	163,062	0	154,615	101,248	111,917	83,029	77,578	17,827	11,116	592	783	3,249
Depreciation	92,328	91,516	62,253	54,814	0	0	0	30,657	30,534	24,619	18,338	15,910	10,539	8,980	9,009
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-29,158	-24,302	-40,238	-30,561	0	-29,378	-19,258	-22,454	-16,640	-16,308	-4,132	-2,699	-179	-243	-920
Stock	-8,400	14,000	-1,900	15,300	0	0	-6,900	1,400	100	700	600	-1,400	2,200	600	2,700
Debtors	35,159	89,569	124,342	-229,486	0	133,123	128,679	5,354	-69,059	41,766	126,235	968	-396	9,977	54,726
Creditors	-22,721	-35,316	67,070	-112,983	0	46,030	-16,044	-14,111	-19,073	-10,329	101,300	11,996	4,132	10,809	30,596
Accruals and Deferred Income	31,117	26,539	-14,936	93,624	0	0	2,600	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	159,430	86,800	168,533	382,142	0	38,144	-53,233	99,255	146,809	33,094	6,498	36,755	13,280	9,752	-15,492
Investing Activities
capital expenditure	-86,366	-102,856	-202,810	-156,504	0	-43,044	-34,906	-55,103	-22,910	-77,205	-28,157	-41,664	-46,876	-13,020	-52,309
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-86,366	-102,856	-202,810	-156,504	0	-43,044	-34,906	-55,103	-22,910	-77,205	-28,157	-41,664	-46,876	-13,020	-52,309
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	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	-37,559	-22,987	11,316	74,639	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-5,365	-5,853	-13,186	24,404	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-102,113	0	4,941	7,749	-19,932	-74,513	30,007	12,415	18,085	33,302	8,094	81,965
share issue	0	0	0	102	0	0	-100	0	0	0	0	0	0	0	100
interest	2,009	-4,026	-5,045	-2,214	0	7	108	355	170	81	139	128	96	84	36
cash flow from financing	-40,915	-32,866	-6,915	-5,182	0	4,948	7,757	-19,577	-74,343	30,088	12,554	18,213	33,398	8,178	82,101
cash and cash equivalents
cash	32,149	-48,922	-32,859	225,107	0	-2,938	-80,382	24,575	49,556	-14,023	-9,105	13,305	-198	4,910	14,300
overdraft	0	0	8,334	1,666	0	0	0	0	0	0	0	0	0	0	0
change in cash	32,149	-48,922	-41,193	223,441	0	-2,938	-80,382	24,575	49,556	-14,023	-9,105	13,305	-198	4,910	14,300

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M I PLANT ENGINEERING LTD group structure

M I Plant Engineering Ltd has no subsidiary companies.

Ultimate parent company

M I PLANT ENGINEERING LTD

05892540

M I PLANT ENGINEERING LTD Shareholders

matthew peter irish	58.82%
della irish	40.2%
matthew irish	0.98%

M I Plant Engineering Ltd currently has 1 director, Mr Matthew Irish serving since Aug 2006.

officer	country	age	start	end	role
Mr Matthew Irish	England	45 years	Aug 2006	-	Director

P&L

July 2023

turnover

1.5m

+5%

operating profit

114.6k

gross margin

32.9%

+5.24%

turnover

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

Balance Sheet

July 2023

net assets

944k

+0.1%

total assets

1.2m

+0.05%

cash

175.5k

+0.22%

net assets

Total assets minus all liabilities

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company number

05892540

Type

Private limited with Share Capital

industry

33120 - Repair of machinery

incorporation date

August 2006

ultimate parent company

None

previous names

N/A

address

five oaks bickington, newton abbot, TQ12 6LH

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m i plant engineering ltd Company Information

m i plant engineering ltd Estimated Valuation

m i plant engineering ltd Estimated Valuation

m i plant engineering ltd Estimated Valuation

M I Plant Engineering Ltd Overview

M I Plant Engineering Ltd Health Check

M I PLANT ENGINEERING LTD financials

m i plant engineering ltd Credit Report and Business Information

M I Plant Engineering Ltd Competitor Analysis

m i plant engineering ltd Ownership

m i plant engineering ltd directors

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