mtl advanced ltd
mtl advanced ltd Company Information
Company Number
07712250
Next Accounts
Sep 2025
Shareholders
wec group holdings limited
Group Structure
View All
Industry
Manufacture of metal structures and parts of structures
Registered Address
britannia house junction street, darwen, lancashire, BB3 2RB
Website
www.mtladv.commtl advanced ltd Estimated Valuation
Pomanda estimates the enterprise value of MTL ADVANCED LTD at £48.7m based on a Turnover of £48.1m and 1.01x industry multiple (adjusted for size and gross margin).
mtl advanced ltd Estimated Valuation
Pomanda estimates the enterprise value of MTL ADVANCED LTD at £44.2m based on an EBITDA of £5.7m and a 7.77x industry multiple (adjusted for size and gross margin).
mtl advanced ltd Estimated Valuation
Pomanda estimates the enterprise value of MTL ADVANCED LTD at £23.9m based on Net Assets of £11.9m and 2.02x industry multiple (adjusted for liquidity).
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Mtl Advanced Ltd Overview
Mtl Advanced Ltd is a live company located in lancashire, BB3 2RB with a Companies House number of 07712250. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in July 2011, it's largest shareholder is wec group holdings limited with a 100% stake. Mtl Advanced Ltd is a established, large sized company, Pomanda has estimated its turnover at £48.1m with high growth in recent years.
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Mtl Advanced Ltd Health Check
Pomanda's financial health check has awarded Mtl Advanced Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £48.1m, make it larger than the average company (£14.1m)
£48.1m - Mtl Advanced Ltd
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (11.7%)
19% - Mtl Advanced Ltd
11.7% - Industry AVG
Production
with a gross margin of 23%, this company has a comparable cost of product (25.4%)
23% - Mtl Advanced Ltd
25.4% - Industry AVG
Profitability
an operating margin of 9.7% make it more profitable than the average company (6.7%)
9.7% - Mtl Advanced Ltd
6.7% - Industry AVG
Employees
with 295 employees, this is above the industry average (79)
295 - Mtl Advanced Ltd
79 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£43k)
£42.1k - Mtl Advanced Ltd
£43k - Industry AVG
Efficiency
resulting in sales per employee of £163.1k, this is equally as efficient (£180.4k)
£163.1k - Mtl Advanced Ltd
£180.4k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (59 days)
83 days - Mtl Advanced Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (50 days)
81 days - Mtl Advanced Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 91 days, this is more than average (39 days)
91 days - Mtl Advanced Ltd
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (13 weeks)
7 weeks - Mtl Advanced Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.1%, this is a similar level of debt than the average (54.2%)
58.1% - Mtl Advanced Ltd
54.2% - Industry AVG
MTL ADVANCED LTD financials
Mtl Advanced Ltd's latest turnover from December 2023 is £48.1 million and the company has net assets of £11.9 million. According to their latest financial statements, Mtl Advanced Ltd has 295 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 48,127,064 | 46,031,672 | 34,862,452 | 28,523,652 | 32,353,663 | 31,718,893 | 27,922,675 | 22,683,000 | 15,912,000 | |||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 37,060,969 | 34,853,775 | 27,307,256 | 22,489,629 | 26,451,587 | 26,206,649 | 22,011,479 | 17,334,000 | 11,585,000 | |||
| Gross Profit | 11,066,095 | 11,177,897 | 7,555,196 | 6,034,023 | 5,902,076 | 5,512,244 | 5,911,196 | 5,349,000 | 4,327,000 | |||
| Admin Expenses | 6,394,946 | 6,517,789 | 4,573,744 | 3,792,007 | 4,226,010 | 3,733,258 | 3,033,421 | 2,411,000 | 2,098,000 | |||
| Operating Profit | 4,671,149 | 4,660,108 | 2,981,452 | 2,242,016 | 1,676,066 | 1,778,986 | 2,877,775 | 2,938,000 | 2,229,000 | |||
| Interest Payable | 61,426 | 49,256 | 17,873 | 105,920 | 194,124 | 149,726 | 31,681 | 110,000 | 187,000 | |||
| Interest Receivable | 173 | |||||||||||
| Pre-Tax Profit | 4,609,723 | 4,610,852 | 2,963,579 | 2,136,096 | 1,482,115 | 1,629,260 | 2,846,094 | 2,828,000 | 2,042,000 | |||
| Tax | -1,092,774 | -852,965 | -490,059 | -395,992 | -293,041 | -316,194 | -558,165 | -563,000 | -412,000 | |||
| Profit After Tax | 3,516,949 | 3,757,887 | 2,473,520 | 1,740,104 | 1,189,074 | 1,313,066 | 2,287,929 | 2,265,000 | 1,630,000 | |||
| Dividends Paid | 3,000,000 | 2,500,000 | 1,000,000 | 1,184,871 | 381,831 | 232,000 | ||||||
| Retained Profit | 516,949 | 1,257,887 | 1,473,520 | 1,740,104 | 1,189,074 | 128,195 | 1,906,098 | 2,033,000 | 1,630,000 | |||
| Employee Costs | 12,434,032 | 11,041,659 | 9,740,927 | 8,468,827 | 9,085,005 | 9,341,658 | 7,814,578 | 6,502,000 | 4,147,000 | |||
| Number Of Employees | 295 | 280 | 266 | 249 | 276 | 284 | 246 | 210 | 154 | |||
| EBITDA* | 5,687,648 | 5,532,834 | 3,757,912 | 3,079,960 | 2,677,722 | 2,576,485 | 3,474,506 | 3,417,000 | 2,493,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,197,670 | 2,379,875 | 2,869,864 | 2,058,993 | 2,514,185 | 3,126,238 | 2,730,274 | 2,352,000 | 1,894,000 | |||
| Intangible Assets | 149,379 | 69,832 | ||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 4,347,049 | 2,449,707 | 2,869,864 | 2,058,993 | 2,514,185 | 3,126,238 | 2,730,274 | 2,352,000 | 1,894,000 | |||
| Stock & work in progress | 9,254,587 | 7,262,701 | 7,221,886 | 3,912,266 | 3,244,578 | 3,980,404 | 2,965,149 | 3,110,000 | 1,611,000 | |||
| Trade Debtors | 11,012,228 | 10,278,807 | 6,571,742 | 7,490,078 | 6,026,652 | 6,074,855 | 6,201,187 | 4,253,000 | 2,619,000 | |||
| Group Debtors | 50,367 | 16,481 | 154,757 | 58,087 | 594,831 | 275,936 | 4,031 | 17,000 | 32,000 | |||
| Misc Debtors | 1,667,104 | 450,582 | 394,221 | 347,862 | 281,441 | 237,861 | 213,783 | 152,000 | 417,000 | |||
| Cash | 2,025,684 | 4,574,069 | 5,059,487 | 3,662,644 | 4,212,081 | 4,430,621 | 608,894 | 744,000 | 771,000 | |||
| misc current assets | ||||||||||||
| total current assets | 24,009,970 | 22,582,640 | 19,402,093 | 15,470,937 | 14,359,583 | 14,999,677 | 9,993,044 | 8,276,000 | 5,450,000 | |||
| total assets | 28,357,019 | 25,032,347 | 22,271,957 | 17,529,930 | 16,873,768 | 18,125,915 | 12,723,318 | 10,628,000 | 7,344,000 | |||
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 8,256,467 | 6,903,078 | 4,856,219 | 4,532,925 | 3,693,064 | 4,412,005 | 4,812,697 | 2,877,000 | 2,595,000 | |||
| Group/Directors Accounts | 335,985 | 302,922 | 1,268,703 | 358,311 | 577,310 | 383,176 | 252,452 | 123,000 | 538,000 | |||
| other short term finances | ||||||||||||
| hp & lease commitments | 423,315 | 335,594 | 353,084 | 265,127 | 333,180 | 262,130 | 115,023 | 113,000 | ||||
| other current liabilities | 5,568,565 | 5,122,169 | 4,373,467 | 3,288,979 | 1,660,476 | 1,958,652 | 1,685,166 | 1,548,000 | 1,146,000 | |||
| total current liabilities | 14,584,332 | 12,663,763 | 10,851,473 | 8,445,342 | 6,264,030 | 7,015,963 | 6,865,338 | 4,661,000 | 4,279,000 | |||
| loans | 3,000,000 | 4,700,000 | 1,900,000 | 1,434,000 | ||||||||
| hp & lease commitments | 1,326,080 | 897,207 | 1,213,339 | 457,257 | 722,511 | 711,799 | 288,022 | 403,000 | ||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 570,920 | 112,639 | 106,294 | |||||||||
| total long term liabilities | 1,897,000 | 1,009,846 | 1,319,633 | 457,257 | 3,722,511 | 5,411,799 | 288,022 | 2,303,000 | 1,434,000 | |||
| total liabilities | 16,481,332 | 13,673,609 | 12,171,106 | 8,902,599 | 9,986,541 | 12,427,762 | 7,153,360 | 6,964,000 | 5,713,000 | |||
| net assets | 11,875,687 | 11,358,738 | 10,100,851 | 8,627,331 | 6,887,227 | 5,698,153 | 5,569,958 | 3,664,000 | 1,631,000 | |||
| total shareholders funds | 11,875,687 | 11,358,738 | 10,100,851 | 8,627,331 | 6,887,227 | 5,698,153 | 5,569,958 | 3,664,000 | 1,631,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 4,671,149 | 4,660,108 | 2,981,452 | 2,242,016 | 1,676,066 | 1,778,986 | 2,877,775 | 2,938,000 | 2,229,000 | |||
| Depreciation | 990,897 | 872,726 | 776,460 | 837,944 | 1,001,656 | 797,499 | 596,731 | 479,000 | 264,000 | |||
| Amortisation | 25,602 | |||||||||||
| Tax | -1,092,774 | -852,965 | -490,059 | -395,992 | -293,041 | -316,194 | -558,165 | -563,000 | -412,000 | |||
| Stock | 1,991,886 | 40,815 | 3,309,620 | 667,688 | -735,826 | 1,015,255 | -144,851 | 1,499,000 | 1,611,000 | |||
| Debtors | 1,983,829 | 3,625,150 | -775,307 | 993,103 | 314,272 | 169,651 | 1,997,001 | 1,354,000 | 3,068,000 | |||
| Creditors | 1,353,389 | 2,046,859 | 323,294 | 839,861 | -718,941 | -400,692 | 1,935,697 | 282,000 | 2,595,000 | |||
| Accruals and Deferred Income | 446,396 | 748,702 | 1,084,488 | 1,628,503 | -298,176 | 273,486 | 137,166 | 402,000 | 1,146,000 | |||
| Deferred Taxes & Provisions | 458,281 | 6,345 | 106,294 | |||||||||
| Cash flow from operations | 2,877,225 | 3,815,810 | 2,247,616 | 3,491,541 | 1,789,118 | 948,179 | 3,137,054 | 685,000 | 1,143,000 | |||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 33,063 | -965,781 | 910,392 | -218,999 | 194,134 | 130,724 | 129,452 | -415,000 | 538,000 | |||
| Other Short Term Loans | ||||||||||||
| Long term loans | -3,000,000 | -1,700,000 | 4,700,000 | -1,900,000 | 466,000 | 1,434,000 | ||||||
| Hire Purchase and Lease Commitments | 516,594 | -333,622 | 844,039 | -333,307 | 81,762 | 570,884 | -112,955 | 516,000 | ||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -61,426 | -49,256 | -17,873 | -105,920 | -193,951 | -149,726 | -31,681 | -110,000 | -187,000 | |||
| cash flow from financing | 488,231 | -1,348,659 | 1,736,558 | -3,658,226 | -1,618,055 | 5,251,882 | -1,915,324 | 457,000 | 1,786,000 | |||
| cash and cash equivalents | ||||||||||||
| cash | -2,548,385 | -485,418 | 1,396,843 | -549,437 | -218,540 | 3,821,727 | -135,106 | -27,000 | 771,000 | |||
| overdraft | ||||||||||||
| change in cash | -2,548,385 | -485,418 | 1,396,843 | -549,437 | -218,540 | 3,821,727 | -135,106 | -27,000 | 771,000 |
mtl advanced ltd Credit Report and Business Information
Mtl Advanced Ltd Competitor Analysis
Perform a competitor analysis for mtl advanced ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BB3 area or any other competitors across 12 key performance metrics.
mtl advanced ltd Ownership
MTL ADVANCED LTD group structure
Mtl Advanced Ltd has no subsidiary companies.
Ultimate parent company
BRITANNIA METALS HOLDINGS LTD
#0041801
2 parents
MTL ADVANCED LTD
07712250
mtl advanced ltd directors
Mtl Advanced Ltd currently has 2 directors. The longest serving directors include Mr James Hartley (Jul 2011) and Mr Wayne Tierney (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Hartley | 69 years | Jul 2011 | - | Director | |
| Mr Wayne Tierney | England | 62 years | May 2018 | - | Director |
P&L
December 2023turnover
48.1m
+5%
operating profit
4.7m
0%
gross margin
23%
-5.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.9m
+0.05%
total assets
28.4m
+0.13%
cash
2m
-0.56%
net assets
Total assets minus all liabilities
mtl advanced ltd company details
company number
07712250
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
incorporation date
July 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
wec cooling limited (February 2015)
accountant
-
auditor
PM&M SOLUTIONS FOR BUSINESS LLP
address
britannia house junction street, darwen, lancashire, BB3 2RB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
mtl advanced ltd Charges & Mortgages
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 9 charges/mortgages relating to mtl advanced ltd. Currently there are 0 open charges and 9 have been satisfied in the past.
mtl advanced ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MTL ADVANCED LTD. This can take several minutes, an email will notify you when this has completed.
mtl advanced ltd Companies House Filings - See Documents
| date | description | view/download |
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