Metsi Technologies Limited

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metsi technologies limited Company Information

Company Number

07992172

Next Accounts

33 days late

Directors

Paul Thompson

Ghufran Shah

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Shareholders

metsi group limited

muhammed mayet

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Group Structure

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Industry

Computer consultancy activities

Registered Address

c/o marshall peters ltd, heskin, wood lane, heskin, preston, PR7 5PA

Website

www.metsi.co.uk

metsi technologies limited Estimated Valuation

£4.7m

Pomanda estimates the enterprise value of METSI TECHNOLOGIES LIMITED at £4.7m based on a Turnover of £5.7m and 0.82x industry multiple (adjusted for size and gross margin).

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Metsi Technologies Limited is a live company located in heskin, PR7 5PA with a Companies House number of 07992172. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2012, it's largest shareholder is metsi group limited with a 94% stake. Metsi Technologies Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.7m with high growth in recent years.

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Pomanda's financial health check has awarded Metsi Technologies Limited a 4 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

Health Rating4out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £5.7m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (5.2%)

EXPORT

Metsi Technologies Limited's latest turnover from March 2023 is estimated at £5.7 million and the company has net assets of £58.8 thousand. According to their latest financial statements, Metsi Technologies Limited has 23 employees and maintains cash reserves of £123.9 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
Turnover	5,736,503	6,225,332	4,892,949	3,188,765	2,884,978	1,944,204	1,679,913	1,292,904	1,916,322	1,575,116	444,899
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,009,630	3,416,306	2,501,438	1,516,978	1,362,686	864,170	712,673	532,657	800,288	603,075	158,892
Gross Profit	2,726,873	2,809,027	2,391,511	1,671,787	1,522,292	1,080,034	967,240	760,247	1,116,034	972,041	286,006
Admin Expenses	2,375,831	2,510,654	2,525,583	1,778,101	1,737,651	791,094	909,271	413,928	1,310,243	1,113,113	348,025
Operating Profit	351,042	298,373	-134,072	-106,314	-215,359	288,940	57,969	346,319	-194,209	-141,072	-62,019
Interest Payable	45,341	31,576	26,272	23,709	23,975	21,934	23,105	12,501	0	0	0
Interest Receivable	8,144	1,162	85	136	1,169	574	235	577	366	213	131
Pre-Tax Profit	313,844	267,959	-160,259	-129,887	-238,165	267,579	35,099	334,395	-193,844	-140,859	-61,888
Tax	-59,630	-50,912	0	0	0	-50,840	-7,020	-66,879	0	0	0
Profit After Tax	254,214	217,047	-160,259	-129,887	-238,165	216,739	28,079	267,516	-193,844	-140,859	-61,888
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	254,214	217,047	-160,259	-129,887	-238,165	216,739	28,079	267,516	-193,844	-140,859	-61,888
Employee Costs	1,294,969	1,036,153	1,016,864	1,013,571	1,391,114	844,055	774,991	575,170	807,123	671,719	216,283
Number Of Employees	23	20	21	21	26	16	14	10	14	12	4
EBITDA*	357,833	308,559	-125,334	-102,803	-211,648	294,074	60,265	346,319	-192,838	-139,791	-61,712

* 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
Tangible Assets	18,998	20,375	17,467	7,010	7,425	5,968	2,502	4,384	1,195	2,566	624
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	28,576	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	18,998	20,375	17,467	7,010	7,425	5,968	31,078	4,384	1,195	2,566	624
Stock & work in progress	0	71,823	97,817	0	64,195	16,363	16,363	27,500	0	0	0
Trade Debtors	1,394,508	1,470,223	1,187,474	735,382	590,470	479,268	327,854	226,751	260,643	232,545	56,283
Group Debtors	299,046	220,273	52,428	115,965	124,428	6,327	0	0	0	0	0
Misc Debtors	64,093	19,670	14,320	10,479	10,469	102,001	134,498	124,357	0	0	0
Cash	123,896	259,347	50,603	119,193	152,826	158,895	70,540	117,278	113,597	32,604	52,565
misc current assets	20,000	0	0	152,734	0	0	0	0	0	0	0
total current assets	1,901,543	2,041,336	1,402,642	1,133,753	942,388	762,854	549,255	495,886	374,240	265,149	108,848
total assets	1,920,541	2,061,711	1,420,109	1,140,763	949,813	768,822	580,333	500,270	375,435	267,715	109,472
Bank overdraft	10,000	10,000	8,333	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	788,818	1,261,220	904,258	522,393	396,279	207,920	250,446	201,778	615,889	314,325	170,028
Group/Directors Accounts	36,380	0	0	154,531	10,601	29	0	0	0	0	0
other short term finances	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
other current liabilities	613,232	534,555	454,125	328,886	275,093	124,847	76,100	42,832	0	0	0
total current liabilities	1,448,430	1,805,775	1,366,716	1,005,810	681,973	332,796	326,546	244,610	615,889	314,325	170,028
loans	413,333	451,372	465,876	387,177	390,177	320,198	354,698	384,658	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	1,620	1,620	1,250
other liabilities	0	0	0	0	0	0	0	0	154,440	154,440	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	413,333	451,372	465,876	387,177	390,177	320,198	354,698	384,658	156,060	156,060	1,250
total liabilities	1,861,763	2,257,147	1,832,592	1,392,987	1,072,150	652,994	681,244	629,268	771,949	470,385	171,278
net assets	58,778	-195,436	-412,483	-252,224	-122,337	115,828	-100,911	-128,998	-396,514	-202,670	-61,806
total shareholders funds	58,778	-195,436	-412,483	-252,224	-122,337	115,828	-100,911	-128,998	-396,514	-202,670	-61,806

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	351,042	298,373	-134,072	-106,314	-215,359	288,940	57,969	346,319	-194,209	-141,072	-62,019
Depreciation	6,791	10,186	8,738	3,511	3,711	5,134	2,296	0	1,371	1,281	307
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-59,630	-50,912	0	0	0	-50,840	-7,020	-66,879	0	0	0
Stock	-71,823	-25,994	97,817	-64,195	47,832	0	-11,137	27,500	0	0	0
Debtors	47,481	455,944	392,396	136,459	137,771	125,244	111,244	90,465	28,098	176,262	56,283
Creditors	-472,402	356,962	381,865	126,114	188,359	-42,526	48,668	-414,111	301,564	144,297	170,028
Accruals and Deferred Income	78,677	80,430	125,239	53,793	150,246	48,747	33,268	41,212	0	370	1,250
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-71,180	265,089	-108,443	4,840	-58,646	124,211	35,074	-211,424	80,628	-171,386	53,283
Investing Activities
capital expenditure	-5,414	-13,094	-19,195	-3,096	-5,168	-8,600	-414	-3,189	0	-3,223	-931
Change in Investments	0	0	0	0	0	-28,576	28,576	0	0	0	0
cash flow from investments	-5,414	-13,094	-19,195	-3,096	-5,168	19,976	-28,990	-3,189	0	-3,223	-931
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	36,380	0	-154,531	143,930	10,572	29	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-38,039	-14,504	78,699	-3,000	69,979	-34,500	-29,960	384,658	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-154,440	0	154,440	0
share issue	0	0	0	0	0	0	8	0	0	-5	82
interest	-37,197	-30,414	-26,187	-23,573	-22,806	-21,360	-22,870	-11,924	366	213	131
cash flow from financing	-38,856	-44,918	-102,019	117,357	57,745	-55,831	-52,822	218,294	366	154,648	213
cash and cash equivalents
cash	-135,451	208,744	-68,590	-33,633	-6,069	88,355	-46,738	3,681	80,993	-19,961	52,565
overdraft	0	1,667	8,333	0	0	0	0	0	0	0	0
change in cash	-135,451	207,077	-76,923	-33,633	-6,069	88,355	-46,738	3,681	80,993	-19,961	52,565

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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METSI TECHNOLOGIES LIMITED group structure

Metsi Technologies Limited has no subsidiary companies.

Ultimate parent company

METSI GROUP LIMITED

11090101

1 parent

METSI TECHNOLOGIES LIMITED

07992172

METSI TECHNOLOGIES LIMITED Shareholders

metsi group limited	94%
muhammed mayet	4.95%
vestd nominees ltd	1.05%

Metsi Technologies Limited currently has 4 directors. The longest serving directors include Mr Paul Thompson (Mar 2012) and Mr Ghufran Shah (Mar 2012).

officer	country	age	start	end	role
Mr Paul Thompson	United Kingdom	63 years	Mar 2012	-	Director
Mr Ghufran Shah	England	52 years	Mar 2012	-	Director
Mr Steven James	United Kingdom	59 years	Mar 2012	-	Director
Mr Michael Hillewaert		57 years	Dec 2015	-	Director

P&L

March 2023

turnover

5.7m

-8%

operating profit

351k

gross margin

47.6%

+5.35%

turnover

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

Balance Sheet

March 2023

net assets

58.8k

-1.3%

total assets

1.9m

-0.07%

cash

123.9k

-0.52%

net assets

Total assets minus all liabilities

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company number

07992172

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

March 2012

ultimate parent company

METSI GROUP LIMITED

previous names

N/A

address

c/o marshall peters ltd, heskin, wood lane, heskin, preston, PR7 5PA

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metsi technologies limited Company Information

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metsi technologies limited Estimated Valuation

metsi technologies limited Estimated Valuation

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