Momentum Circuits Ltd

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momentum circuits ltd Company Information

Live

EstablishedSmallDeclining

Company Number

08349597

Website

www.momentumcircuits.com

Registered Address

unit 3 the hermitage, desborough road, market harborough, LE16 8GP

Industry

Other personal service activities n.e.c.

Telephone

441858345801

Next Accounts Due

October 2024

Group Structure

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Directors

Keith Wrigley11 Years

Steve Fry11 Years

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Shareholders

steve fry 20%

keith wrigley 20%

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momentum circuits ltd Estimated Valuation

£1m

Pomanda estimates the enterprise value of MOMENTUM CIRCUITS LTD at £1m based on Net Assets of £338.6k and 2.99x industry multiple (adjusted for liquidity).

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Momentum Circuits Ltd is a live company located in market harborough, LE16 8GP with a Companies House number of 08349597. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in January 2013, it's largest shareholder is steve fry with a 20% stake. Momentum Circuits Ltd is a established, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.

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Pomanda's financial health check has awarded Momentum Circuits Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £1m, make it larger than the average company (£823k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.3%)

EXPORT

Momentum Circuits Ltd's latest turnover from January 2023 is estimated at £1 million and the company has net assets of £338.6 thousand. According to their latest financial statements, Momentum Circuits Ltd has 5 employees and maintains cash reserves of £150.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014
Turnover	1,037,479	981,579	1,043,692	1,147,795	1,134,886	1,239,513	1,451,289	2,187,621	1,079,025	723,787
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	836,265	797,628	854,498	916,483	914,657	984,155	1,148,529	1,716,691	847,524	570,458
Gross Profit	201,214	183,951	189,194	231,312	220,229	255,358	302,760	470,930	231,501	153,330
Admin Expenses	229,137	116,683	92,642	239,226	131,073	261,580	235,962	371,324	180,974	161,068
Operating Profit	-27,923	67,268	96,552	-7,914	89,156	-6,222	66,798	99,606	50,527	-7,738
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,108	468	128	836	499	735	421	372	163	16
Pre-Tax Profit	-20,815	67,736	96,680	-7,078	89,656	-5,487	67,219	99,979	50,690	-7,722
Tax	0	-12,870	-18,369	0	-17,035	0	-13,444	-19,996	-10,645	0
Profit After Tax	-20,815	54,866	78,311	-7,078	72,621	-5,487	53,775	79,983	40,045	-7,722
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-20,815	54,866	78,311	-7,078	72,621	-5,487	53,775	79,983	40,045	-7,722
Employee Costs	146,595	171,374	162,722	160,797	159,028	152,553	153,254	354,545	188,418	130,034
Number Of Employees	5	6	6	6	6	6	6	13	7	5
EBITDA*	-26,034	69,570	98,987	-4,644	91,700	-3,919	68,696	99,925	50,845	-7,738

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014
Tangible Assets	2,690	3,381	3,194	4,053	4,417	4,724	5,407	636	955	1,273
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	2,690	3,381	3,194	4,053	4,417	4,724	5,407	636	955	1,273
Stock & work in progress	217,345	154,752	209,782	192,836	230,538	150,485	109,014	118,496	62,132	22,824
Trade Debtors	353,213	363,785	371,193	374,140	380,968	438,296	480,588	489,937	233,068	157,706
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,719	1,630	1,977	2,440	0	0	0	0	0	0
Cash	150,660	255,526	119,111	137,371	85,495	47,619	246,280	90,168	58,804	6,449
misc current assets	0	0	0	0	0	34,182	0	0	0	0
total current assets	722,937	775,693	702,063	706,787	697,001	670,582	835,882	698,601	354,004	186,979
total assets	725,627	779,074	705,257	710,840	701,418	675,306	841,289	699,237	354,959	188,252
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	385,528	419,660	400,709	484,603	468,103	514,612	675,108	586,831	322,536	195,874
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	385,528	419,660	400,709	484,603	468,103	514,612	675,108	586,831	322,536	195,874
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	1,500	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,500	0	0	0	0	0	0	0	0	0
total liabilities	387,028	419,660	400,709	484,603	468,103	514,612	675,108	586,831	322,536	195,874
net assets	338,599	359,414	304,548	226,237	233,315	160,694	166,181	112,406	32,423	-7,622
total shareholders funds	338,599	359,414	304,548	226,237	233,315	160,694	166,181	112,406	32,423	-7,622

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014
Operating Activities
Operating Profit	-27,923	67,268	96,552	-7,914	89,156	-6,222	66,798	99,606	50,527	-7,738
Depreciation	1,889	2,302	2,435	3,270	2,544	2,303	1,898	319	318	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-12,870	-18,369	0	-17,035	0	-13,444	-19,996	-10,645	0
Stock	62,593	-55,030	16,946	-37,702	80,053	41,471	-9,482	56,364	39,308	22,824
Debtors	-10,483	-7,755	-3,410	-4,388	-57,328	-42,292	-9,349	256,869	75,362	157,706
Creditors	-34,132	18,951	-83,894	16,500	-46,509	-160,496	88,277	264,295	126,662	195,874
Accruals and Deferred Income	1,500	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-110,776	138,436	-16,812	53,946	5,431	-163,594	162,360	30,991	52,192	7,606
Investing Activities
capital expenditure	-1,198	-2,489	-1,576	-2,906	-2,237	-1,620	-6,669	0	0	-1,273
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,198	-2,489	-1,576	-2,906	-2,237	-1,620	-6,669	0	0	-1,273
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	100
interest	7,108	468	128	836	499	735	421	372	163	16
cash flow from financing	7,108	468	128	836	499	735	421	372	163	116
cash and cash equivalents
cash	-104,866	136,415	-18,260	51,876	37,876	-198,661	156,112	31,364	52,355	6,449
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-104,866	136,415	-18,260	51,876	37,876	-198,661	156,112	31,364	52,355	6,449

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MOMENTUM CIRCUITS LTD group structure

Momentum Circuits Ltd has no subsidiary companies.

Ultimate parent company

MOMENTUM CIRCUITS LTD

08349597

MOMENTUM CIRCUITS LTD Shareholders

steve fry	20%
keith wrigley	20%
verto holdings limited	20%
craig sutherland	20%
winston holdings limited	20%

Momentum Circuits Ltd currently has 5 directors. The longest serving directors include Mr Keith Wrigley (Jan 2013) and Mr Steve Fry (Jan 2013).

officer	country	age	start	end	role
Mr Keith Wrigley	England	55 years	Jan 2013	-	Director
Mr Steve Fry	England	46 years	Jan 2013	-	Director
Mr David Hummel-Newell	United Kingdom	47 years	Jan 2013	-	Director
Mr David Hummel-Newell	England	47 years	Jan 2013	-	Director
Mr Craig Sutherland	England	55 years	Nov 2013	-	Director

P&L

January 2023

turnover

+6%

operating profit

-27.9k

gross margin

19.4%

+3.49%

turnover

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

Balance Sheet

January 2023

net assets

338.6k

-0.06%

total assets

725.6k

-0.07%

cash

150.7k

-0.41%

net assets

Total assets minus all liabilities

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company number

08349597

Type

Private limited with Share Capital

industry

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

incorporation date

January 2013

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

unit 3 the hermitage, desborough road, market harborough, LE16 8GP

last accounts submitted

January 2023

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.

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momentum circuits ltd Company Information

momentum circuits ltd Estimated Valuation

momentum circuits ltd Estimated Valuation

momentum circuits ltd Estimated Valuation

Momentum Circuits Ltd Overview

Momentum Circuits Ltd Health Check

MOMENTUM CIRCUITS LTD financials

momentum circuits ltd Credit Report and Business Information

Momentum Circuits Ltd Competitor Analysis

momentum circuits ltd Ownership

momentum circuits ltd directors

momentum circuits ltd company details

momentum circuits ltd Charges & Mortgages

momentum circuits ltd Companies House Filings - See Documents