meteor inkjet limited
meteor inkjet limited Company Information
Company Number
09397756
Website
www.meteorinkjet.comRegistered Address
harston mill royston road, harston, cambridge, CB22 7GG
Industry
Other research and experimental development on natural sciences and engineering
Telephone
03458440012
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
hybrid software group plc 100%
meteor inkjet limited Estimated Valuation
Pomanda estimates the enterprise value of METEOR INKJET LIMITED at £8.2m based on a Turnover of £7.4m and 1.1x industry multiple (adjusted for size and gross margin).
meteor inkjet limited Estimated Valuation
Pomanda estimates the enterprise value of METEOR INKJET LIMITED at £0 based on an EBITDA of £-90k and a 5.3x industry multiple (adjusted for size and gross margin).
meteor inkjet limited Estimated Valuation
Pomanda estimates the enterprise value of METEOR INKJET LIMITED at £14.1m based on Net Assets of £6.3m and 2.25x industry multiple (adjusted for liquidity).
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Meteor Inkjet Limited Overview
Meteor Inkjet Limited is a live company located in cambridge, CB22 7GG with a Companies House number of 09397756. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in January 2015, it's largest shareholder is hybrid software group plc with a 100% stake. Meteor Inkjet Limited is a young, mid sized company, Pomanda has estimated its turnover at £7.4m with healthy growth in recent years.
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Meteor Inkjet Limited Health Check
Pomanda's financial health check has awarded Meteor Inkjet Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £7.4m, make it larger than the average company (£4.4m)
£7.4m - Meteor Inkjet Limited
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3.8%)
7% - Meteor Inkjet Limited
3.8% - Industry AVG
Production
with a gross margin of 55.2%, this company has a comparable cost of product (47%)
55.2% - Meteor Inkjet Limited
47% - Industry AVG
Profitability
an operating margin of -6.1% make it less profitable than the average company (4.7%)
-6.1% - Meteor Inkjet Limited
4.7% - Industry AVG
Employees
with 34 employees, this is below the industry average (48)
34 - Meteor Inkjet Limited
48 - Industry AVG
Pay Structure
on an average salary of £67.2k, the company has an equivalent pay structure (£60.6k)
£67.2k - Meteor Inkjet Limited
£60.6k - Industry AVG
Efficiency
resulting in sales per employee of £217.9k, this is more efficient (£108.1k)
£217.9k - Meteor Inkjet Limited
£108.1k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (54 days)
42 days - Meteor Inkjet Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (48 days)
56 days - Meteor Inkjet Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 354 days, this is more than average (113 days)
354 days - Meteor Inkjet Limited
113 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (36 weeks)
21 weeks - Meteor Inkjet Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.4%, this is a lower level of debt than the average (44.4%)
30.4% - Meteor Inkjet Limited
44.4% - Industry AVG
METEOR INKJET LIMITED financials
Meteor Inkjet Limited's latest turnover from December 2022 is £7.4 million and the company has net assets of £6.3 million. According to their latest financial statements, Meteor Inkjet Limited has 34 employees and maintains cash reserves of £1 million 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 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 7,409,000 | 12,036,000 | 8,746,000 | 6,028,000 | 8,128,000 | 6,731,000 | 3,195,000 | 2,471,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,317,000 | 5,161,000 | 3,723,000 | 2,234,000 | 2,981,000 | 2,679,000 | 1,113,000 | 747,000 |
| Gross Profit | 4,092,000 | 6,875,000 | 5,023,000 | 3,794,000 | 5,147,000 | 4,052,000 | 2,082,000 | 1,724,000 |
| Admin Expenses | 4,544,000 | 4,119,000 | 3,878,000 | 3,944,000 | 3,908,000 | |||
| Operating Profit | -452,000 | 2,756,000 | 1,145,000 | -150,000 | 1,239,000 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 1,000 | 0 | 1,000 | 2,000 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -451,000 | 2,756,000 | 1,146,000 | -148,000 | 1,240,000 | 1,315,000 | 479,000 | -223,000 |
| Tax | -78,000 | -368,000 | 224,000 | 0 | 0 | -9,000 | 0 | 2,000 |
| Profit After Tax | -529,000 | 2,388,000 | 1,370,000 | -148,000 | 1,240,000 | 1,306,000 | 479,000 | -221,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -529,000 | 2,388,000 | 1,370,000 | -148,000 | 1,240,000 | 1,306,000 | 479,000 | -221,000 |
| Employee Costs | 2,284,000 | 2,317,000 | 2,113,000 | 1,906,000 | 1,889,000 | 1,512,000 | 984,000 | 1,169,000 |
| Number Of Employees | 34 | 32 | 28 | 27 | 24 | 19 | 16 | |
| EBITDA* | -90,000 | 2,930,000 | 1,235,000 | -52,000 | 1,302,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 277,000 | 396,000 | 74,000 | 133,000 | 172,000 | 73,000 | 15,000 | 1,000 |
| Intangible Assets | 664,000 | 318,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 80,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,121,000 | 2,171,000 | 1,533,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,142,000 | 2,885,000 | 1,607,000 | 133,000 | 172,000 | 73,000 | 15,000 | 1,000 |
| Stock & work in progress | 3,223,000 | 1,754,000 | 901,000 | 870,000 | 1,100,000 | 649,000 | 360,000 | 240,000 |
| Trade Debtors | 871,000 | 1,057,000 | 757,000 | 451,000 | 379,000 | 389,000 | 216,000 | 53,000 |
| Group Debtors | 0 | 0 | 0 | 1,078,000 | 740,000 | 740,000 | 0 | 12,000 |
| Misc Debtors | 736,000 | 852,000 | 717,000 | 533,000 | 502,000 | 198,000 | 31,000 | 59,000 |
| Cash | 1,040,000 | 2,175,000 | 2,055,000 | 949,000 | 1,257,000 | 562,000 | 548,000 | 6,000 |
| misc current assets | 0 | 0 | 0 | 2,000 | 2,000 | 2,000 | 2,000 | 0 |
| total current assets | 5,870,000 | 5,838,000 | 4,430,000 | 3,883,000 | 3,980,000 | 2,540,000 | 1,157,000 | 370,000 |
| total assets | 9,012,000 | 8,723,000 | 6,037,000 | 4,016,000 | 4,152,000 | 2,613,000 | 1,172,000 | 371,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 510,000 | 505,000 | 648,000 | 58,000 | 62,000 | 257,000 | 496,000 | 174,000 |
| Group/Directors Accounts | 997,000 | 93,000 | 54,000 | 23,000 | 143,000 | 0 | 21,000 | 189,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 107,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 902,000 | 1,178,000 | 927,000 | 897,000 | 886,000 | 694,000 | 345,000 | 177,000 |
| total current liabilities | 2,516,000 | 1,776,000 | 1,629,000 | 978,000 | 1,091,000 | 951,000 | 862,000 | 540,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 220,000 | 142,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 220,000 | 142,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,736,000 | 1,918,000 | 1,629,000 | 978,000 | 1,091,000 | 951,000 | 862,000 | 540,000 |
| net assets | 6,276,000 | 6,805,000 | 4,408,000 | 3,038,000 | 3,061,000 | 1,662,000 | 310,000 | -169,000 |
| total shareholders funds | 6,276,000 | 6,805,000 | 4,408,000 | 3,038,000 | 3,061,000 | 1,662,000 | 310,000 | -169,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -452,000 | 2,756,000 | 1,145,000 | -150,000 | 1,239,000 | |||
| Depreciation | 171,000 | 122,000 | 90,000 | 98,000 | 63,000 | 25,000 | 4,000 | 0 |
| Amortisation | 191,000 | 52,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -78,000 | -368,000 | 224,000 | 0 | 0 | -9,000 | 0 | 2,000 |
| Stock | 1,469,000 | 853,000 | 31,000 | -230,000 | 451,000 | 289,000 | 360,000 | 240,000 |
| Debtors | -352,000 | 1,073,000 | 945,000 | 441,000 | 294,000 | 1,080,000 | 247,000 | 124,000 |
| Creditors | 5,000 | -143,000 | 590,000 | -4,000 | -195,000 | -239,000 | 496,000 | 174,000 |
| Accruals and Deferred Income | -276,000 | 251,000 | 30,000 | 11,000 | 192,000 | 349,000 | 345,000 | 177,000 |
| Deferred Taxes & Provisions | 78,000 | 142,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,478,000 | 886,000 | 1,103,000 | -256,000 | 554,000 | |||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 80,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 904,000 | 39,000 | 31,000 | -120,000 | 143,000 | -21,000 | 21,000 | 189,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 107,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 1,000 | 0 | 1,000 | 2,000 | 0 | 0 | 0 | 0 |
| cash flow from financing | 1,012,000 | 48,000 | 32,000 | 7,000 | 302,000 | 25,000 | -148,000 | 241,000 |
| cash and cash equivalents | ||||||||
| cash | -1,135,000 | 120,000 | 1,106,000 | -308,000 | 695,000 | 14,000 | 548,000 | 6,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,135,000 | 120,000 | 1,106,000 | -308,000 | 695,000 | 14,000 | 548,000 | 6,000 |
meteor inkjet limited Credit Report and Business Information
Meteor Inkjet Limited Competitor Analysis
Perform a competitor analysis for meteor inkjet limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
meteor inkjet limited Ownership
METEOR INKJET LIMITED group structure
Meteor Inkjet Limited has no subsidiary companies.
meteor inkjet limited directors
Meteor Inkjet Limited currently has 5 directors. The longest serving directors include Mr Clive Ayling (Dec 2016) and Mr Michael Rottenborn (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clive Ayling | United Kingdom | 57 years | Dec 2016 | - | Director |
| Mr Michael Rottenborn | 57 years | Jan 2020 | - | Director | |
| Mr Michael Rottenborn | 57 years | Jan 2020 | - | Director | |
| Mr Joachim Van Hemelen | Belgium | 37 years | Sep 2022 | - | Director |
| Mr Joachim Van Hemelen | Belgium | 37 years | Sep 2022 | - | Director |
P&L
December 2022turnover
7.4m
-38%
operating profit
-452k
-116%
gross margin
55.3%
-3.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.3m
-0.08%
total assets
9m
+0.03%
cash
1m
-0.52%
net assets
Total assets minus all liabilities
meteor inkjet limited company details
company number
09397756
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
January 2015
age
9
accounts
Full Accounts
ultimate parent company
previous names
ttp meteor limited (December 2016)
incorporated
UK
address
harston mill royston road, harston, cambridge, CB22 7GG
last accounts submitted
December 2022
meteor inkjet 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 meteor inkjet limited.
meteor inkjet limited Companies House Filings - See Documents
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