metlase limited
metlase limited Company Information
Company Number
09462667
Website
www.metlase.comRegistered Address
unipart house garsington road, cowley, oxford, OX4 2PG
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
01143830610
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
unipart group of companies ltd 80%
rolls-royce plc 20%
metlase limited Estimated Valuation
Pomanda estimates the enterprise value of METLASE LIMITED at £1.8m based on a Turnover of £2.2m and 0.81x industry multiple (adjusted for size and gross margin).
metlase limited Estimated Valuation
Pomanda estimates the enterprise value of METLASE LIMITED at £0 based on an EBITDA of £-1.1m and a 5.83x industry multiple (adjusted for size and gross margin).
metlase limited Estimated Valuation
Pomanda estimates the enterprise value of METLASE LIMITED at £0 based on Net Assets of £-2.3m and 2.2x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Metlase Limited Overview
Metlase Limited is a live company located in oxford, OX4 2PG with a Companies House number of 09462667. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in February 2015, it's largest shareholder is unipart group of companies ltd with a 80% stake. Metlase Limited is a young, small sized company, Pomanda has estimated its turnover at £2.2m with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Metlase Limited Health Check
Pomanda's financial health check has awarded Metlase Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 10 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
10 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£14m)
£2.2m - Metlase Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.6%)
2% - Metlase Limited
6.6% - Industry AVG
Production
with a gross margin of 49.5%, this company has a lower cost of product (29.5%)
49.5% - Metlase Limited
29.5% - Industry AVG
Profitability
an operating margin of -57% make it less profitable than the average company (6.6%)
-57% - Metlase Limited
6.6% - Industry AVG
Employees
with 29 employees, this is below the industry average (83)
29 - Metlase Limited
83 - Industry AVG
Pay Structure
on an average salary of £57.2k, the company has a higher pay structure (£39.9k)
£57.2k - Metlase Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £75.2k, this is less efficient (£161k)
£75.2k - Metlase Limited
£161k - Industry AVG
Debtor Days
it gets paid by customers after 152 days, this is later than average (60 days)
152 days - Metlase Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (46 days)
5 days - Metlase Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (69 days)
7 days - Metlase Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Metlase Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 194.7%, this is a higher level of debt than the average (46.3%)
194.7% - Metlase Limited
46.3% - Industry AVG
METLASE LIMITED financials
Metlase Limited's latest turnover from December 2023 is £2.2 million and the company has net assets of -£2.3 million. According to their latest financial statements, Metlase Limited has 29 employees and maintains cash reserves of £51 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,182,000 | 4,247,000 | 1,926,000 | 2,070,000 | 2,296,000 | 2,045,000 | 1,631,000 | 1,222,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 1,101,000 | 740,000 | 1,044,000 | 1,010,000 | 1,026,000 | 849,000 | 779,000 | 837,000 | |
| Gross Profit | 1,081,000 | 3,507,000 | 882,000 | 1,060,000 | 1,270,000 | 1,196,000 | 852,000 | 385,000 | |
| Admin Expenses | 2,325,000 | 2,174,000 | 1,183,000 | 1,236,000 | 1,509,000 | 1,285,000 | 1,182,000 | 1,236,000 | |
| Operating Profit | -1,244,000 | 1,333,000 | -301,000 | -176,000 | -239,000 | -89,000 | -330,000 | -851,000 | |
| Interest Payable | 308,000 | 160,000 | 184,000 | 159,000 | 167,000 | 137,000 | 101,000 | 66,000 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -1,552,000 | 1,173,000 | -485,000 | -335,000 | -406,000 | -226,000 | -431,000 | -917,000 | |
| Tax | 488,000 | -157,000 | 54,000 | 28,000 | 56,000 | 8,000 | 53,000 | 184,000 | |
| Profit After Tax | -1,064,000 | 1,016,000 | -431,000 | -307,000 | -350,000 | -218,000 | -378,000 | -733,000 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -1,064,000 | 1,016,000 | -431,000 | -307,000 | -350,000 | -218,000 | -378,000 | -733,000 | |
| Employee Costs | 1,660,000 | 1,375,000 | 1,362,000 | 1,501,000 | 1,407,000 | 1,232,000 | 1,187,000 | 1,230,000 | |
| Number Of Employees | 29 | 23 | 26 | 28 | 27 | 23 | 20 | 13 | |
| EBITDA* | -1,122,000 | 1,457,000 | -254,000 | -89,000 | -118,000 | 48,000 | -206,000 | -759,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,000 | 59,000 | 93,000 | 140,000 | 227,000 | 294,000 | 431,000 | 418,000 | 0 |
| Intangible Assets | 106,000 | 203,000 | 293,000 | 115,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 167,000 | 262,000 | 386,000 | 255,000 | 227,000 | 294,000 | 431,000 | 418,000 | 0 |
| Stock & work in progress | 24,000 | 25,000 | 25,000 | 30,000 | 30,000 | 0 | 0 | 0 | 0 |
| Trade Debtors | 912,000 | 883,000 | 735,000 | 618,000 | 758,000 | 919,000 | 371,000 | 142,000 | 0 |
| Group Debtors | 290,000 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 947,000 | 553,000 | 138,000 | 164,000 | 388,000 | 499,000 | 322,000 | 268,000 | 0 |
| Cash | 51,000 | 1,207,000 | 249,000 | 90,000 | 228,000 | 108,000 | 121,000 | 220,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,224,000 | 2,818,000 | 1,147,000 | 902,000 | 1,404,000 | 1,526,000 | 814,000 | 630,000 | 0 |
| total assets | 2,391,000 | 3,080,000 | 1,533,000 | 1,157,000 | 1,631,000 | 1,820,000 | 1,245,000 | 1,048,000 | 0 |
| Bank overdraft | 1,190,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 16,000 | 205,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,228,000 | 3,440,000 | 3,403,000 | 2,667,000 | 2,662,000 | 2,559,000 | 1,808,000 | 1,266,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 162,000 | 539,000 | 253,000 | 238,000 | 418,000 | 375,000 | 333,000 | 300,000 | 0 |
| total current liabilities | 4,596,000 | 4,184,000 | 3,656,000 | 2,905,000 | 3,080,000 | 2,934,000 | 2,141,000 | 1,566,000 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 44,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 60,000 | 53,000 | 49,000 | 38,000 | 30,000 | 15,000 | 15,000 | 15,000 | 0 |
| total long term liabilities | 60,000 | 97,000 | 94,000 | 38,000 | 30,000 | 15,000 | 15,000 | 15,000 | 0 |
| total liabilities | 4,656,000 | 4,281,000 | 3,750,000 | 2,943,000 | 3,110,000 | 2,949,000 | 2,156,000 | 1,581,000 | 0 |
| net assets | -2,265,000 | -1,201,000 | -2,217,000 | -1,786,000 | -1,479,000 | -1,129,000 | -911,000 | -533,000 | 0 |
| total shareholders funds | -2,265,000 | -1,201,000 | -2,217,000 | -1,786,000 | -1,479,000 | -1,129,000 | -911,000 | -533,000 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -1,244,000 | 1,333,000 | -301,000 | -176,000 | -239,000 | -89,000 | -330,000 | -851,000 | |
| Depreciation | 25,000 | 34,000 | 47,000 | 87,000 | 121,000 | 137,000 | 124,000 | 92,000 | |
| Amortisation | 97,000 | 90,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 488,000 | -157,000 | 54,000 | 28,000 | 56,000 | 8,000 | 53,000 | 184,000 | |
| Stock | -1,000 | 0 | -5,000 | 0 | 30,000 | 0 | 0 | 0 | 0 |
| Debtors | 563,000 | 713,000 | 91,000 | -364,000 | -272,000 | 725,000 | 283,000 | 410,000 | 0 |
| Creditors | -189,000 | 205,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -377,000 | 286,000 | 15,000 | -180,000 | 43,000 | 42,000 | 33,000 | 300,000 | 0 |
| Deferred Taxes & Provisions | 7,000 | 4,000 | 11,000 | 8,000 | 15,000 | 0 | 0 | 15,000 | 0 |
| Cash flow from operations | -1,755,000 | 1,082,000 | -260,000 | 131,000 | 238,000 | -627,000 | -403,000 | -670,000 | |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -212,000 | 37,000 | 736,000 | 5,000 | 103,000 | 751,000 | 542,000 | 1,266,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -44,000 | -1,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -308,000 | -160,000 | -184,000 | -159,000 | -167,000 | -137,000 | -101,000 | -66,000 | |
| cash flow from financing | -564,000 | -124,000 | 597,000 | -154,000 | -64,000 | 614,000 | 441,000 | 1,400,000 | |
| cash and cash equivalents | |||||||||
| cash | -1,156,000 | 958,000 | 159,000 | -138,000 | 120,000 | -13,000 | -99,000 | 220,000 | 0 |
| overdraft | 1,190,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,346,000 | 958,000 | 159,000 | -138,000 | 120,000 | -13,000 | -99,000 | 220,000 | 0 |
metlase limited Credit Report and Business Information
Metlase Limited Competitor Analysis
Perform a competitor analysis for metlase limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in OX4 area or any other competitors across 12 key performance metrics.
metlase limited Ownership
METLASE LIMITED group structure
Metlase Limited has no subsidiary companies.
metlase limited directors
Metlase Limited currently has 4 directors. The longest serving directors include Mr David McGorman (Nov 2019) and Mr Darren Leigh (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David McGorman | United Kingdom | 44 years | Nov 2019 | - | Director |
| Mr Darren Leigh | United Kingdom | 52 years | May 2021 | - | Director |
| Mr James MacAulay | England | 41 years | Jun 2023 | - | Director |
| Mr Christopher Weldon | England | 46 years | Jun 2023 | - | Director |
P&L
December 2023turnover
2.2m
-49%
operating profit
-1.2m
-193%
gross margin
49.6%
-40%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.3m
+0.89%
total assets
2.4m
-0.22%
cash
51k
-0.96%
net assets
Total assets minus all liabilities
metlase limited company details
company number
09462667
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
February 2015
age
9
accounts
Full Accounts
ultimate parent company
previous names
meta-lase limited (July 2015)
ferrogami limited (June 2015)
incorporated
UK
address
unipart house garsington road, cowley, oxford, OX4 2PG
last accounts submitted
December 2023
metlase 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 3 charges/mortgages relating to metlase limited. Currently there are 2 open charges and 1 have been satisfied in the past.
metlase limited Companies House Filings - See Documents
| date | description | view/download |
|---|
