mtc operations limited
mtc operations limited Company Information
Company Number
08707642
Next Accounts
107 days late
Shareholders
manufacturing technology centre ltd
Group Structure
View All
Industry
Other research and experimental development on natural sciences and engineering
Registered Address
ansty park pilot way, ansty, coventry, west midlands, CV7 9JU
Website
www.the-mtc.orgmtc operations limited Estimated Valuation
Pomanda estimates the enterprise value of MTC OPERATIONS LIMITED at £231.3m based on a Turnover of £88.7m and 2.61x industry multiple (adjusted for size and gross margin).
mtc operations limited Estimated Valuation
Pomanda estimates the enterprise value of MTC OPERATIONS LIMITED at £22.3m based on an EBITDA of £1.8m and a 12.35x industry multiple (adjusted for size and gross margin).
mtc operations limited Estimated Valuation
Pomanda estimates the enterprise value of MTC OPERATIONS LIMITED at £43.8m based on Net Assets of £22.8m and 1.93x industry multiple (adjusted for liquidity).
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Mtc Operations Limited Overview
Mtc Operations Limited is a live company located in coventry, CV7 9JU with a Companies House number of 08707642. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in September 2013, it's largest shareholder is manufacturing technology centre ltd with a 100% stake. Mtc Operations Limited is a established, large sized company, Pomanda has estimated its turnover at £88.7m with healthy growth in recent years.
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Mtc Operations Limited Health Check
Pomanda's financial health check has awarded Mtc Operations 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
5 Strong
4 Regular
3 Weak
Size
annual sales of £88.7m, make it larger than the average company (£4m)
£88.7m - Mtc Operations Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.5%)
6% - Mtc Operations Limited
4.5% - Industry AVG
Production
with a gross margin of 48.1%, this company has a comparable cost of product (48.1%)
48.1% - Mtc Operations Limited
48.1% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (4.7%)
2% - Mtc Operations Limited
4.7% - Industry AVG
Employees
with 706 employees, this is above the industry average (44)
706 - Mtc Operations Limited
44 - Industry AVG
Pay Structure
on an average salary of £59.5k, the company has an equivalent pay structure (£58k)
£59.5k - Mtc Operations Limited
£58k - Industry AVG
Efficiency
resulting in sales per employee of £125.6k, this is equally as efficient (£115.2k)
£125.6k - Mtc Operations Limited
£115.2k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (50 days)
40 days - Mtc Operations Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 100 days, this is slower than average (42 days)
100 days - Mtc Operations Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (123 days)
1 days - Mtc Operations Limited
123 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (41 weeks)
0 weeks - Mtc Operations Limited
41 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.3%, this is a higher level of debt than the average (41.3%)
82.3% - Mtc Operations Limited
41.3% - Industry AVG
MTC OPERATIONS LIMITED financials
Mtc Operations Limited's latest turnover from March 2023 is £88.7 million and the company has net assets of £22.8 million. According to their latest financial statements, Mtc Operations Limited has 706 employees and maintains cash reserves of £1.4 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 88,667,000 | 88,317,000 | 86,148,000 | 75,375,000 | 54,022,000 | 38,261,000 | 31,651,000 | 26,401,000 | 22,102,000 | |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | 1,804,000 | 4,481,000 | 5,750,000 | 3,314,000 | 1,339,000 | 2,214,000 | 1,481,000 | 1,508,000 | -188,000 | |
| Interest Payable | 2,279,000 | 1,090,000 | 810,000 | 705,000 | 557,000 | 301,000 | 73,000 | 5,000 | 12,000 | |
| Interest Receivable | 3,897,000 | 2,247,000 | 1,849,000 | 1,372,000 | 765,000 | 465,000 | 241,000 | |||
| Pre-Tax Profit | 3,422,000 | 5,638,000 | 6,789,000 | 3,981,000 | 1,547,000 | 2,378,000 | 1,722,000 | 1,503,000 | -200,000 | |
| Tax | -673,000 | -1,028,000 | -1,316,000 | -576,000 | -213,000 | -244,000 | 38,000 | -356,000 | 345,000 | |
| Profit After Tax | 2,749,000 | 4,610,000 | 5,473,000 | 3,405,000 | 1,334,000 | 2,134,000 | 1,760,000 | 1,147,000 | 145,000 | |
| Dividends Paid | ||||||||||
| Retained Profit | 2,749,000 | 4,610,000 | 5,473,000 | 3,405,000 | 1,334,000 | 2,134,000 | 1,760,000 | 1,147,000 | 145,000 | |
| Employee Costs | 42,021,000 | 35,575,000 | 33,439,000 | 31,293,000 | 24,150,000 | 18,209,000 | 14,480,000 | 12,674,000 | 9,781,000 | |
| Number Of Employees | 706 | 653 | 643 | 619 | 525 | 412 | 343 | 313 | 261 | |
| EBITDA* | 1,804,000 | 4,481,000 | 5,750,000 | 3,314,000 | 1,339,000 | 2,214,000 | 1,481,000 | 1,508,000 | -188,000 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | ||||||||||
| Stock & work in progress | 163,000 | 131,000 | 69,000 | 262,000 | 262,000 | 238,000 | ||||
| Trade Debtors | 9,795,000 | 5,483,000 | 7,231,000 | 6,103,000 | 4,401,000 | 4,328,000 | 2,852,000 | 3,348,000 | 3,234,000 | |
| Group Debtors | 93,900,000 | 76,591,000 | 68,623,000 | 70,125,000 | 46,419,000 | 28,126,000 | 11,177,000 | 2,338,000 | 5,778,000 | |
| Misc Debtors | 23,581,000 | 23,961,000 | 15,682,000 | 9,331,000 | 6,845,000 | 3,981,000 | 8,464,000 | 7,692,000 | 5,114,000 | |
| Cash | 1,447,000 | 3,469,000 | 1,612,000 | 1,154,000 | 2,371,000 | 215,000 | 650,000 | 259,000 | 2,320,000 | |
| misc current assets | ||||||||||
| total current assets | 128,886,000 | 109,635,000 | 93,217,000 | 86,975,000 | 60,298,000 | 36,888,000 | 23,143,000 | 13,637,000 | 16,446,000 | |
| total assets | 128,886,000 | 109,635,000 | 93,217,000 | 86,975,000 | 60,298,000 | 36,888,000 | 23,143,000 | 13,637,000 | 16,446,000 | |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 12,681,000 | 9,207,000 | 3,450,000 | 13,650,000 | 10,877,000 | 4,031,000 | 4,927,000 | 5,959,000 | 11,041,000 | |
| Group/Directors Accounts | 56,318,000 | 36,107,000 | 25,209,000 | 21,711,000 | 18,442,000 | 13,401,000 | 4,449,000 | 333,000 | ||
| other short term finances | 4,000,000 | 4,000,000 | ||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 21,047,000 | 27,365,000 | 30,455,000 | 25,248,000 | 15,187,000 | 11,843,000 | 10,715,000 | 6,386,000 | 4,927,000 | |
| total current liabilities | 94,046,000 | 76,679,000 | 59,114,000 | 60,609,000 | 44,506,000 | 29,275,000 | 20,091,000 | 12,345,000 | 16,301,000 | |
| loans | 4,000,000 | |||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | 12,083,000 | 12,948,000 | 14,705,000 | 16,441,000 | 9,272,000 | 2,427,000 | ||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | 12,083,000 | 12,948,000 | 18,705,000 | 16,441,000 | 9,272,000 | 2,427,000 | ||||
| total liabilities | 106,129,000 | 89,627,000 | 77,819,000 | 77,050,000 | 53,778,000 | 31,702,000 | 20,091,000 | 12,345,000 | 16,301,000 | |
| net assets | 22,757,000 | 20,008,000 | 15,398,000 | 9,925,000 | 6,520,000 | 5,186,000 | 3,052,000 | 1,292,000 | 145,000 | |
| total shareholders funds | 22,757,000 | 20,008,000 | 15,398,000 | 9,925,000 | 6,520,000 | 5,186,000 | 3,052,000 | 1,292,000 | 145,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 1,804,000 | 4,481,000 | 5,750,000 | 3,314,000 | 1,339,000 | 2,214,000 | 1,481,000 | 1,508,000 | -188,000 | |
| Depreciation | ||||||||||
| Amortisation | ||||||||||
| Tax | -673,000 | -1,028,000 | -1,316,000 | -576,000 | -213,000 | -244,000 | 38,000 | -356,000 | 345,000 | |
| Stock | 32,000 | 62,000 | -193,000 | 24,000 | 238,000 | |||||
| Debtors | 21,241,000 | 14,499,000 | 5,977,000 | 27,894,000 | 21,230,000 | 13,942,000 | 9,115,000 | -748,000 | 14,126,000 | |
| Creditors | 3,474,000 | 5,757,000 | -10,200,000 | 2,773,000 | 6,846,000 | -896,000 | -1,032,000 | -5,082,000 | 11,041,000 | |
| Accruals and Deferred Income | -7,183,000 | -4,847,000 | 3,471,000 | 17,230,000 | 10,189,000 | 3,555,000 | 4,329,000 | 1,459,000 | 4,927,000 | |
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | -23,851,000 | -10,198,000 | -8,079,000 | -5,153,000 | -3,093,000 | -9,551,000 | -4,299,000 | -1,723,000 | 1,999,000 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | 20,211,000 | 10,898,000 | 3,498,000 | 3,269,000 | 5,041,000 | 8,952,000 | 4,449,000 | -333,000 | 333,000 | |
| Other Short Term Loans | 4,000,000 | |||||||||
| Long term loans | -4,000,000 | 4,000,000 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | 1,618,000 | 1,157,000 | 1,039,000 | 667,000 | 208,000 | 164,000 | 168,000 | -5,000 | -12,000 | |
| cash flow from financing | 21,829,000 | 12,055,000 | 8,537,000 | 3,936,000 | 5,249,000 | 9,116,000 | 4,617,000 | -338,000 | 321,000 | |
| cash and cash equivalents | ||||||||||
| cash | -2,022,000 | 1,857,000 | 458,000 | -1,217,000 | 2,156,000 | -435,000 | 391,000 | -2,061,000 | 2,320,000 | |
| overdraft | ||||||||||
| change in cash | -2,022,000 | 1,857,000 | 458,000 | -1,217,000 | 2,156,000 | -435,000 | 391,000 | -2,061,000 | 2,320,000 |
mtc operations limited Credit Report and Business Information
Mtc Operations Limited Competitor Analysis
Perform a competitor analysis for mtc operations limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in CV7 area or any other competitors across 12 key performance metrics.
mtc operations limited Ownership
MTC OPERATIONS LIMITED group structure
Mtc Operations Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
MTC OPERATIONS LIMITED
08707642
2 subsidiaries
mtc operations limited directors
Mtc Operations Limited currently has 3 directors. The longest serving directors include Dr Graham Hoare (Mar 2023) and Mr Ian Joesbury (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Graham Hoare | England | 59 years | Mar 2023 | - | Director |
| Mr Ian Joesbury | England | 62 years | May 2023 | - | Director |
| Mrs Victoria Sanderson | England | 58 years | May 2023 | - | Director |
P&L
March 2023turnover
88.7m
0%
operating profit
1.8m
-60%
gross margin
48.2%
-0.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
22.8m
+0.14%
total assets
128.9m
+0.18%
cash
1.4m
-0.58%
net assets
Total assets minus all liabilities
mtc operations limited company details
company number
08707642
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
September 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
the manufacturing technology centre services limited (December 2015)
accountant
-
auditor
KPMG LLP
address
ansty park pilot way, ansty, coventry, west midlands, CV7 9JU
Bank
LLOYDS TSB BANK PLC
Legal Advisor
MILLS & REEVE LLP
mtc operations 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 did not find charges/mortgages relating to mtc operations limited.
mtc operations limited 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.
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mtc operations limited Companies House Filings - See Documents
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