impression technologies limited
impression technologies limited Company Information
Company Number
08013870
Website
http://hfqtechnology.comRegistered Address
4th floor, abbey house, 32 booth street, manchester, M2 4AB
Industry
Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Telephone
02036673593
Next Accounts Due
35 days late
Group Structure
View All
Shareholders
mercia (general partner) limited as general partner of mercia investment plan lp 75.4%
uk ff nominees limited 12.9%
View Allimpression technologies limited Estimated Valuation
Pomanda estimates the enterprise value of IMPRESSION TECHNOLOGIES LIMITED at £5.6m based on a Turnover of £15.7m and 0.36x industry multiple (adjusted for size and gross margin).
impression technologies limited Estimated Valuation
Pomanda estimates the enterprise value of IMPRESSION TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-2.5m and a 3.34x industry multiple (adjusted for size and gross margin).
impression technologies limited Estimated Valuation
Pomanda estimates the enterprise value of IMPRESSION TECHNOLOGIES LIMITED at £12.6m based on Net Assets of £6.3m and 1.99x industry multiple (adjusted for liquidity).
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Impression Technologies Limited Overview
Impression Technologies Limited is a live company located in manchester, M2 4AB with a Companies House number of 08013870. It operates in the forging, pressing, stamping and roll-forming of metal sector, SIC Code 25500. Founded in March 2012, it's largest shareholder is mercia (general partner) limited as general partner of mercia investment plan lp with a 75.4% stake. Impression Technologies Limited is a established, mid sized company, Pomanda has estimated its turnover at £15.7m with declining growth in recent years.
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Impression Technologies Limited Health Check
Pomanda's financial health check has awarded Impression Technologies Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £15.7m, make it in line with the average company (£19.5m)
- Impression Technologies Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a faster rate (-2.6%)
- Impression Technologies Limited
-2.6% - Industry AVG
Production
with a gross margin of 5.7%, this company has a higher cost of product (15.4%)
- Impression Technologies Limited
15.4% - Industry AVG
Profitability
an operating margin of -15.9% make it less profitable than the average company (3.9%)
- Impression Technologies Limited
3.9% - Industry AVG
Employees
with 41 employees, this is below the industry average (117)
41 - Impression Technologies Limited
117 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- Impression Technologies Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £383.9k, this is more efficient (£155k)
- Impression Technologies Limited
£155k - Industry AVG
Debtor Days
it gets paid by customers after 173 days, this is later than average (58 days)
- Impression Technologies Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (56 days)
- Impression Technologies Limited
56 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Impression Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (7 weeks)
24 weeks - Impression Technologies Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.3%, this is a lower level of debt than the average (54.9%)
27.3% - Impression Technologies Limited
54.9% - Industry AVG
IMPRESSION TECHNOLOGIES LIMITED financials
Impression Technologies Limited's latest turnover from December 2022 is estimated at £15.7 million and the company has net assets of £6.3 million. According to their latest financial statements, Impression Technologies Limited has 41 employees and maintains cash reserves of £454.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 41 | 36 | 39 | 42 | 41 | 26 | 17 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 107,508 | 123,510 | 57,048 | 70,245 | 108,670 | 49,688 | 19,634 | 1,034 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 363,780 | 303,225 | 303,255 | 363,780 | 363,780 | 363,780 | 363,780 | 1,290,991 | 0 | 0 | 0 |
| Total Fixed Assets | 471,289 | 426,736 | 360,304 | 434,026 | 472,451 | 413,469 | 383,415 | 1,292,026 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,491,930 | 6,779,570 | 5,494,154 | 5,309,278 | 4,134,537 | 13,163 | 21,405 | 436,276 | 56,210 | 46,565 | 5,517 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 2,901,685 | 2,312,317 | 0 | 0 | 0 | 0 |
| Misc Debtors | 276,689 | 70,929 | 166,886 | 0 | 0 | 138,742 | 103,945 | 0 | 0 | 0 | 0 |
| Cash | 454,393 | 167,992 | 2,594,421 | 475,063 | 806,474 | 1,351,066 | 637,442 | 210,447 | 370,343 | 16,136 | 90,784 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,223,012 | 7,018,491 | 8,255,461 | 5,784,341 | 4,941,011 | 4,404,656 | 3,075,109 | 646,723 | 426,553 | 62,701 | 96,301 |
| total assets | 8,694,301 | 7,445,227 | 8,615,765 | 6,218,367 | 5,413,462 | 4,818,125 | 3,458,524 | 1,938,749 | 426,553 | 62,701 | 96,301 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 954,447 | 1,276,043 | 1,297,515 | 4,377,223 | 824,515 | 282,509 | 82,945 | 76,943 | 31,888 | 37,642 | 50,665 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 81,671 | 40,416 | 0 | 0 | 0 | 0 |
| total current liabilities | 954,447 | 1,276,043 | 1,297,515 | 4,377,223 | 824,515 | 364,180 | 123,361 | 76,943 | 31,888 | 37,642 | 50,665 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 4,000,000 | 0 | 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 | 142,718 | 279,254 | 310,004 | 0 | 0 | 0 | 0 |
| other liabilities | 1,397,733 | 8,682,930 | 7,558,437 | 186,242 | 23,522 | 0 | 0 | 2,000,000 | 0 | 463,754 | 224,111 |
| provisions | 20,427 | 23,467 | 10,839 | 13,346 | 20,648 | 9,441 | 3,927 | 207 | 0 | 0 | 0 |
| total long term liabilities | 1,418,160 | 8,706,397 | 7,569,276 | 199,588 | 186,888 | 288,695 | 4,313,931 | 2,000,207 | 0 | 463,754 | 224,111 |
| total liabilities | 2,372,607 | 9,982,440 | 8,866,791 | 4,576,811 | 1,011,403 | 652,875 | 4,437,292 | 2,077,150 | 31,888 | 501,396 | 274,776 |
| net assets | 6,321,694 | -2,537,213 | -251,026 | 1,641,556 | 4,402,059 | 4,165,250 | -978,768 | -138,401 | 394,665 | -438,695 | -178,475 |
| total shareholders funds | 6,321,694 | -2,537,213 | -251,026 | 1,641,556 | 4,402,059 | 4,165,250 | -978,768 | -138,401 | 394,665 | -438,695 | -178,475 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 35,173 | 31,503 | 27,399 | 48,753 | 31,592 | 12,902 | 2,480 | 94 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 978,675 | 1,189,429 | 291,237 | 1,174,741 | 1,080,947 | 615,923 | 1,074,180 | 1,671,057 | 50,693 | 41,048 | 5,517 |
| Creditors | -321,596 | -21,472 | -3,079,708 | 3,552,708 | 542,006 | 199,564 | 6,002 | 45,055 | -18,777 | -13,023 | 50,665 |
| Accruals and Deferred Income | 0 | 0 | 0 | -142,718 | -218,207 | 10,505 | 350,420 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -3,040 | 12,628 | -2,507 | -7,302 | 11,207 | 5,514 | 3,720 | 207 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -4,000,000 | 4,000,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -7,285,197 | 1,124,493 | 7,372,195 | 162,720 | 23,522 | 0 | -2,000,000 | 2,000,000 | -224,111 | 239,643 | 224,111 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 286,401 | -2,426,429 | 2,119,358 | -331,411 | -544,592 | 713,624 | 426,995 | -159,896 | 279,559 | -74,648 | 90,784 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 286,401 | -2,426,429 | 2,119,358 | -331,411 | -544,592 | 713,624 | 426,995 | -159,896 | 279,559 | -74,648 | 90,784 |
impression technologies limited Credit Report and Business Information
Impression Technologies Limited Competitor Analysis
Perform a competitor analysis for impression technologies limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.
impression technologies limited Ownership
IMPRESSION TECHNOLOGIES LIMITED group structure
Impression Technologies Limited has 1 subsidiary company.
Ultimate parent company
2 parents
IMPRESSION TECHNOLOGIES LIMITED
08013870
1 subsidiary
impression technologies limited directors
Impression Technologies Limited currently has 4 directors. The longest serving directors include Professor Jianguo Lin (Sep 2012) and Mr Jonathan Watkins (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Professor Jianguo Lin | 66 years | Sep 2012 | - | Director | |
| Mr Jonathan Watkins | England | 55 years | Sep 2016 | - | Director |
| Mr Rawdon Vevers | 66 years | Oct 2017 | - | Director | |
| Mr Alan Peel | Scotland | 61 years | Feb 2022 | - | Director |
P&L
December 2022turnover
15.7m
+13%
operating profit
-2.5m
0%
gross margin
5.7%
-26.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.3m
-3.49%
total assets
8.7m
+0.17%
cash
454.4k
+1.7%
net assets
Total assets minus all liabilities
impression technologies limited company details
company number
08013870
Type
Private limited with Share Capital
industry
25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
incorporation date
March 2012
age
12
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2022
previous names
imperial innovations assetco limited (May 2012)
accountant
SILVESTER PARKER LIMITED
auditor
-
address
4th floor, abbey house, 32 booth street, manchester, M2 4AB
Bank
-
Legal Advisor
-
impression technologies limited 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 4 charges/mortgages relating to impression technologies limited. Currently there are 2 open charges and 2 have been satisfied in the past.
impression technologies limited Companies House Filings - See Documents
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