Mach-tech Services Ltd

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mach-tech services ltd Company Information

Live

EstablishedMidHealthy

Company Number

06302988

Website

www.machtechservices.com

Registered Address

trent industrial estate, duchess street, oldham, OL2 7UT

Industry

Other personal service activities n.e.c.

Telephone

01706838246

Next Accounts Due

July 2024

Group Structure

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Directors

Joseph Hoyle16 Years

David Ingham13 Years

Shareholders

joseph kevin hoyle 51%

alida petronella wood 30%

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mach-tech services ltd Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of MACH-TECH SERVICES LTD at £6.4m based on a Turnover of £6.9m and 0.93x industry multiple (adjusted for size and gross margin).

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Mach-tech Services Ltd is a live company located in oldham, OL2 7UT with a Companies House number of 06302988. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in July 2007, it's largest shareholder is joseph kevin hoyle with a 51% stake. Mach-tech Services Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mach-Tech Services Ltd a 3.5 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 Rating3.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £6.9m, make it larger than the average company (£791.2k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.1%)

EXPORT

Mach-Tech Services Ltd's latest turnover from October 2022 is estimated at £6.9 million and the company has net assets of £2 million. According to their latest financial statements, Mach-Tech Services Ltd has 32 employees and maintains cash reserves of £921.5 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	Jul 2011	Jul 2010	Jul 2009
Turnover	6,882,063	10,356,933	6,468,747	5,821,303	6,655,921	4,769,454	7,377,757	4,493,666	4,082,249	7,076,074	6,109,716	1,545,887	860,248	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,123,109	6,258,215	3,924,867	3,480,582	3,982,874	2,805,699	4,294,741	2,661,538	2,478,700	4,134,237	3,534,728	870,284	479,339	0
Gross Profit	2,758,954	4,098,718	2,543,880	2,340,721	2,673,047	1,963,756	3,083,016	1,832,128	1,603,549	2,941,836	2,574,987	675,603	380,909	0
Admin Expenses	2,415,644	3,732,631	2,136,886	2,031,348	2,360,617	1,904,398	3,035,001	1,811,440	1,758,869	2,680,917	2,298,456	629,641	369,603	-313,848
Operating Profit	343,310	366,087	406,994	309,373	312,430	59,358	48,015	20,688	-155,320	260,919	276,531	45,962	11,306	313,848
Interest Payable	35,234	22,398	7,625	4,441	4,937	459	0	0	0	0	0	0	0	0
Interest Receivable	13,813	865	773	469	806	322	62	47	348	1,133	1,895	1,387	1,051	738
Pre-Tax Profit	321,888	344,553	400,142	305,401	308,299	59,221	48,076	20,735	-154,972	262,052	278,426	47,349	12,357	314,586
Tax	-61,159	-65,465	-76,027	-58,026	-58,577	-11,252	-9,615	-4,147	0	-60,272	-66,822	-12,311	-3,460	-88,084
Profit After Tax	260,729	279,088	324,115	247,375	249,722	47,969	38,461	16,588	-154,972	201,780	211,604	35,038	8,897	226,502
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	260,729	279,088	324,115	247,375	249,722	47,969	38,461	16,588	-154,972	201,780	211,604	35,038	8,897	226,502
Employee Costs	918,568	750,173	789,273	715,624	644,306	615,509	2,581,722	1,515,687	1,365,031	2,444,987	2,123,779	539,463	300,000	0
Number Of Employees	32	27	30	27	25	25	97	57	52	94	82	21	12	0
EBITDA*	433,711	472,555	462,184	369,561	355,334	85,157	128,257	99,663	-89,693	339,813	364,070	116,575	98,529	330,368

* 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	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	500,825	520,951	289,741	310,390	202,219	91,662	107,508	102,436	93,823	86,684	115,578	130,278	96,201	50,164
Intangible Assets	0	0	0	0	0	0	0	50,000	100,000	150,000	200,000	475,821	503,810	559,789
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	500,825	520,951	289,741	310,390	202,219	91,662	107,508	152,436	193,823	236,684	315,578	606,099	600,011	609,953
Stock & work in progress	1,539,809	2,312,870	1,725,533	1,294,159	1,060,268	866,670	945,675	585,498	466,796	109,614	473,812	200,867	0	0
Trade Debtors	1,159,704	1,721,011	850,359	962,282	1,081,102	818,357	888,319	462,563	429,686	887,223	593,758	4,219	4,901	4,494
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	401,638	37,714	0	6,800	105,278	108,343	0	0	0	0	0	0	0	0
Cash	921,509	306,272	1,423,249	123,081	2,077	212,750	44,581	4,710	14,285	124,729	328,387	429,715	125,078	295,329
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,022,660	4,377,867	3,999,141	2,386,322	2,248,725	2,006,120	1,878,575	1,052,771	910,767	1,121,566	1,395,957	634,801	129,979	299,823
total assets	4,523,485	4,898,818	4,288,882	2,696,712	2,450,944	2,097,782	1,986,083	1,205,207	1,104,590	1,358,250	1,711,535	1,240,900	729,990	909,776
Bank overdraft	125,000	125,000	12,000	0	131,593	14,679	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	597,762	1,233,351	790,271	397,597	789,546	380,753	478,592	615,056	546,331	657,054	1,207,022	921,853	458,526	9,567
Group/Directors Accounts	0	0	0	0	0	139,256	108,152	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	77,738	150,885	213,636	213,636	213,636	134,222	18,622	0	0	0	0	0	0	0
other current liabilities	1,334,359	1,051,849	1,369,916	779,958	226,859	754,517	750,506	0	0	0	0	0	0	0
total current liabilities	2,134,859	2,561,085	2,385,823	1,391,191	1,361,634	1,423,427	1,355,872	615,056	546,331	657,054	1,207,022	921,853	458,526	9,567
loans	244,792	359,375	238,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	150,838	246,091	211,880	176,457	207,621	42,388	46,213	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	44,614	29,310	17,275	22,372	48,510	35,965	673,607
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	395,630	605,466	449,880	176,457	207,621	42,388	46,213	44,614	29,310	17,275	22,372	48,510	35,965	673,607
total liabilities	2,530,489	3,166,551	2,835,703	1,567,648	1,569,255	1,465,815	1,402,085	659,670	575,641	674,329	1,229,394	970,363	494,491	683,174
net assets	1,992,996	1,732,267	1,453,179	1,129,064	881,689	631,967	583,998	545,537	528,949	683,921	482,141	270,537	235,499	226,602
total shareholders funds	1,992,996	1,732,267	1,453,179	1,129,064	881,689	631,967	583,998	545,537	528,949	683,921	482,141	270,537	235,499	226,602

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	343,310	366,087	406,994	309,373	312,430	59,358	48,015	20,688	-155,320	260,919	276,531	45,962	11,306	313,848
Depreciation	90,401	106,468	55,190	60,188	42,904	25,799	30,242	28,975	15,627	28,894	37,539	42,624	31,244	16,520
Amortisation	0	0	0	0	0	0	50,000	50,000	50,000	50,000	50,000	27,989	55,979	0
Tax	-61,159	-65,465	-76,027	-58,026	-58,577	-11,252	-9,615	-4,147	0	-60,272	-66,822	-12,311	-3,460	-88,084
Stock	-773,061	587,337	431,374	233,891	193,598	-79,005	360,177	118,702	357,182	-364,198	272,945	200,867	0	0
Debtors	-197,383	908,366	-118,723	-217,298	259,680	38,381	425,756	32,877	-457,537	293,465	589,539	-682	407	4,494
Creditors	-635,589	443,080	392,674	-391,949	408,793	-97,839	-136,464	68,725	-110,723	-549,968	285,169	463,327	448,959	9,567
Accruals and Deferred Income	282,510	-318,067	589,958	553,099	-527,658	4,011	750,506	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	989,917	-963,600	1,056,138	456,092	-275,386	20,701	-53,249	12,662	-100,061	-199,694	-280,067	367,406	543,621	247,357
Investing Activities
capital expenditure	-70,275	-337,678	-34,541	-168,359	-153,461	-9,953	-35,314	-37,588	-22,766	0	202,982	-76,701	-77,281	-626,473
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-70,275	-337,678	-34,541	-168,359	-153,461	-9,953	-35,314	-37,588	-22,766	0	202,982	-76,701	-77,281	-626,473
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	-139,256	31,104	108,152	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	-114,583	121,375	238,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-168,400	-28,540	35,423	-31,164	244,647	111,775	64,835	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-44,614	15,304	12,035	-5,097	-26,138	12,545	-637,642	673,607
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-21,421	-21,533	-6,852	-3,972	-4,131	-137	62	47	348	1,133	1,895	1,387	1,051	738
cash flow from financing	-304,404	71,302	266,571	-35,136	101,260	142,742	128,435	15,351	12,383	-3,964	-24,243	13,932	-636,591	674,445
cash and cash equivalents
cash	615,237	-1,116,977	1,300,168	121,004	-210,673	168,169	39,871	-9,575	-110,444	-203,658	-101,328	304,637	-170,251	295,329
overdraft	0	113,000	12,000	-131,593	116,914	14,679	0	0	0	0	0	0	0	0
change in cash	615,237	-1,229,977	1,288,168	252,597	-327,587	153,490	39,871	-9,575	-110,444	-203,658	-101,328	304,637	-170,251	295,329

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MACH-TECH SERVICES LTD group structure

Mach-Tech Services Ltd has no subsidiary companies.

Ultimate parent company

MACH-TECH SERVICES LTD

06302988

MACH-TECH SERVICES LTD Shareholders

joseph kevin hoyle	51%
alida petronella wood	30%
david ingham	19%

Mach-Tech Services Ltd currently has 2 directors. The longest serving directors include Mr Joseph Hoyle (Apr 2008) and Mr David Ingham (Mar 2011).

officer	country	age	start	end	role
Mr Joseph Hoyle	United Kingdom	48 years	Apr 2008	-	Director
Mr David Ingham	United Kingdom	56 years	Mar 2011	-	Director

P&L

October 2022

turnover

6.9m

-34%

operating profit

343.3k

gross margin

40.1%

+1.3%

turnover

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

Balance Sheet

October 2022

net assets

+0.15%

total assets

4.5m

-0.08%

cash

921.5k

+2.01%

net assets

Total assets minus all liabilities

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company number

06302988

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

July 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

trent industrial estate, duchess street, oldham, OL2 7UT

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 found 2 charges/mortgages relating to mach-tech services ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

mach-tech services ltd Company Information

mach-tech services ltd Estimated Valuation

mach-tech services ltd Estimated Valuation

mach-tech services ltd Estimated Valuation

Mach-tech Services Ltd Overview

Mach-tech Services Ltd Health Check

MACH-TECH SERVICES LTD financials

mach-tech services ltd Credit Report and Business Information

Mach-tech Services Ltd Competitor Analysis

mach-tech services ltd Ownership

mach-tech services ltd directors

mach-tech services ltd company details

mach-tech services ltd Charges & Mortgages

mach-tech services ltd Companies House Filings - See Documents