Prospect Engineering (mia) Ltd

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prospect engineering (mia) ltd Company Information

Company Number

06851974

Next Accounts

Dec 2025

Directors

Melvyn Clarke

Paul Clarke

Shareholders

mvc pic limited

pmc investments limited

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Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Registered Address

t/as metal cages & pallets, pocket nook street, st. helens, merseyside, WA9 1LT

Website

www.prospectengineering.co.uk

prospect engineering (mia) ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of PROSPECT ENGINEERING (MIA) LTD at £2.4m based on Net Assets of £1m and 2.36x industry multiple (adjusted for liquidity).

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Prospect Engineering (mia) Ltd is a live company located in st. helens, WA9 1LT with a Companies House number of 06851974. It operates in the other engineering activities sector, SIC Code 71129. Founded in March 2009, it's largest shareholder is mvc pic limited with a 26% stake. Prospect Engineering (mia) Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (9.8%)

EXPORT

Prospect Engineering (Mia) Ltd's latest turnover from March 2024 is estimated at £1.1 million and the company has net assets of £1 million. According to their latest financial statements, Prospect Engineering (Mia) Ltd has 9 employees and maintains cash reserves of £823.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	1,129,574	1,450,832	1,684,767	1,371,542	1,013,550	1,163,884	832,777	1,145,394	907,828	894,293	695,987	344,407	354,866	340,217	297,040
Other Income Or Grants
Cost Of Sales	729,888	950,321	1,112,348	899,442	686,382	756,168	532,283	721,981	570,492	561,655	447,375	224,137	218,590	206,241	180,698
Gross Profit	399,686	500,511	572,418	472,100	327,169	407,716	300,493	423,413	337,336	332,639	248,612	120,270	136,275	133,976	116,342
Admin Expenses	320,476	99,653	483,730	478,488	220,645	275,983	129,737	332,145	349,597	321,637	147,811	150,698	116,772	78,197	99,336
Operating Profit	79,210	400,858	88,688	-6,388	106,524	131,733	170,756	91,268	-12,261	11,002	100,801	-30,428	19,503	55,779	17,006
Interest Payable	1,828	3,844	3,122	1,525
Interest Receivable	39,669	26,016	3,557	322	231	1,236	450	203	242	226	201	83	169	152	49
Pre-Tax Profit	117,051	423,031	89,123	-7,591	106,756	132,969	171,206	91,471	-12,019	11,228	101,003	-30,345	19,672	55,931	17,056
Tax	-29,263	-80,376	-16,933		-20,284	-25,264	-32,529	-18,294		-2,358	-23,231		-5,115	-15,661	-4,776
Profit After Tax	87,788	342,655	72,190	-7,591	86,472	107,705	138,677	73,177	-12,019	8,870	77,772	-30,345	14,557	40,270	12,280
Dividends Paid
Retained Profit	87,788	342,655	72,190	-7,591	86,472	107,705	138,677	73,177	-12,019	8,870	77,772	-30,345	14,557	40,270	12,280
Employee Costs	482,648	667,836	646,315	417,789	371,368	472,462	410,943	363,854	366,016	322,498	270,327	170,286	165,437	157,292	157,688
Number Of Employees	9	13	13	9	8	10	9	8	8	7	6	4	4	4	4
EBITDA*	98,721	410,952	98,498	5,845	118,276	147,185	185,408	107,964	8,675	36,396	104,664	-26,277	24,039	60,825	22,735

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	83,810	44,743	30,078	36,703	35,260	37,872	40,612	40,829	53,808	67,469	2,590	3,453	4,604	6,140	8,186
Intangible Assets							2,829	5,914	9,000	12,000	15,000	18,000	21,000	24,000	27,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	83,810	44,743	30,078	36,703	35,260	37,872	43,441	46,743	62,808	79,469	17,590	21,453	25,604	30,140	35,186
Stock & work in progress	289,587	345,811	169,855	85,250	79,550	63,700	60,000	2,000	2,000	2,000	2,000	2,000	2,000		600
Trade Debtors	86,934	168,982	233,533	251,647	178,196	239,871	192,103	233,950	132,027	168,993	125,176	59,393	71,006	49,658	32,620
Group Debtors				97,525	237,089	134,373	120,000
Misc Debtors	134,856	133,632	99,426	1,777	1,250
Cash	823,716	687,485	536,814	411,794	231,595	231,338	98,296	81,844	80,363	16,614	73,837	6,705	26,642	40,960	19,667
misc current assets
total current assets	1,335,093	1,335,910	1,039,628	847,993	727,680	669,282	470,399	317,794	214,390	187,607	201,013	68,098	99,648	90,618	52,887
total assets	1,418,903	1,380,653	1,069,706	884,696	762,940	707,154	513,840	364,537	277,198	267,076	218,603	89,551	125,252	120,758	88,073
Bank overdraft
Bank loan		10,000	10,000	7,500
Trade Creditors	237,949	264,262	345,297	218,194	160,994	157,665	60,312	172,142	146,023	109,972	103,702	52,769	58,125	68,188	75,586
Group/Directors Accounts						233	24,417
other short term finances
hp & lease commitments
other current liabilities	147,605	148,128	92,354	99,683	78,681	112,055	97,873
total current liabilities	385,554	422,390	447,651	325,377	239,675	269,953	182,602	172,142	146,023	109,972	103,702	52,769	58,125	68,188	75,586
loans		22,500	32,500	42,500
hp & lease commitments
Accruals and Deferred Income									1,738
other liabilities									6,091	20,711
provisions	20,871	11,073	7,520	6,974	5,829	6,237	7,979	7,813	11,941	12,969	347				187
total long term liabilities	20,871	33,573	40,020	49,474	5,829	6,237	7,979	7,813	19,770	33,680	347				187
total liabilities	406,425	455,963	487,671	374,851	245,504	276,190	190,581	179,955	165,793	143,652	104,049	52,769	58,125	68,188	75,773
net assets	1,012,478	924,690	582,035	509,845	517,436	430,964	323,259	184,582	111,405	123,424	114,554	36,782	67,127	52,570	12,300
total shareholders funds	1,012,478	924,690	582,035	509,845	517,436	430,964	323,259	184,582	111,405	123,424	114,554	36,782	67,127	52,570	12,300

	Mar 2024	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	79,210	400,858	88,688	-6,388	106,524	131,733	170,756	91,268	-12,261	11,002	100,801	-30,428	19,503	55,779	17,006
Depreciation	19,511	10,094	9,810	12,233	11,752	12,623	11,567	13,610	17,936	22,394	863	1,151	1,536	2,046	2,729
Amortisation						2,829	3,085	3,086	3,000	3,000	3,000	3,000	3,000	3,000	3,000
Tax	-29,263	-80,376	-16,933		-20,284	-25,264	-32,529	-18,294		-2,358	-23,231		-5,115	-15,661	-4,776
Stock	-56,224	175,956	84,605	5,700	15,850	3,700	58,000						2,000	-600	600
Debtors	-80,824	-30,345	-17,990	-65,586	42,291	62,141	78,153	101,923	-36,966	43,817	65,783	-11,613	21,348	17,038	32,620
Creditors	-26,313	-81,035	127,103	57,200	3,329	97,353	-111,830	26,119	36,051	6,270	50,933	-5,356	-10,063	-7,398	75,586
Accruals and Deferred Income	-523	55,774	-7,329	21,002	-33,374	14,182	97,873	-1,738	1,738
Deferred Taxes & Provisions	9,798	3,553	546	1,145	-408	-1,742	166	-4,128	-1,028	12,622	347			-187	187
Cash flow from operations	189,468	163,257	135,270	145,078	9,398	165,873	2,935	8,000	82,402	9,113	66,930	-20,020	-14,487	21,141	60,512
Investing Activities
capital expenditure	-58,578	-24,759	-3,185	-13,676	-9,140	-9,883	-11,350	-631	-4,275	-87,273					-40,915
Change in Investments
cash flow from investments	-58,578	-24,759	-3,185	-13,676	-9,140	-9,883	-11,350	-631	-4,275	-87,273					-40,915
Financing Activities
Bank loans	-10,000		2,500	7,500
Group/Directors Accounts					-233	-24,184	24,417
Other Short Term Loans
Long term loans	-22,500	-10,000	-10,000	42,500
Hire Purchase and Lease Commitments
other long term liabilities								-6,091	-14,620	20,711
share issue															20
interest	37,841	22,172	435	-1,203	231	1,236	450	203	242	226	201	83	169	152	49
cash flow from financing	5,341	12,172	-7,065	48,797	-2	-22,948	24,867	-5,888	-14,378	20,937	201	83	169	152	69
cash and cash equivalents
cash	136,231	150,671	125,020	180,199	257	133,042	16,452	1,481	63,749	-57,223	67,132	-19,937	-14,318	21,293	19,667
overdraft
change in cash	136,231	150,671	125,020	180,199	257	133,042	16,452	1,481	63,749	-57,223	67,132	-19,937	-14,318	21,293	19,667

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROSPECT ENGINEERING (MIA) LTD group structure

Prospect Engineering (Mia) Ltd has no subsidiary companies.

Ultimate parent company

PROSPECT ENGINEERING (MIA) LTD

06851974

PROSPECT ENGINEERING (MIA) LTD Shareholders

mvc pic limited	26%
pmc investments limited	26%
mr paul melvyn clarke	19%
mr melvyn victor clarke	19%
natalie clarke	5%
winifred clarke	5%

Prospect Engineering (Mia) Ltd currently has 2 directors. The longest serving directors include Mr Melvyn Clarke (Mar 2009) and Mr Paul Clarke (Mar 2009).

officer	country	age	start	end	role
Mr Melvyn Clarke	England	67 years	Mar 2009	-	Director
Mr Paul Clarke	United Kingdom	43 years	Mar 2009	-	Director

P&L

March 2024

turnover

1.1m

-22%

operating profit

79.2k

gross margin

35.4%

+2.57%

turnover

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

Balance Sheet

March 2024

net assets

+0.09%

total assets

1.4m

+0.03%

cash

823.7k

+0.2%

net assets

Total assets minus all liabilities

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company number

06851974

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

March 2009

ultimate parent company

None

previous names

N/A

address

t/as metal cages & pallets, pocket nook street, st. helens, merseyside, WA9 1LT

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prospect engineering (mia) ltd Company Information

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prospect engineering (mia) ltd Estimated Valuation

prospect engineering (mia) ltd Estimated Valuation

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PROSPECT ENGINEERING (MIA) LTD financials

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