mwam specialist engineers limited Company Information
Company Number
10416161
Registered Address
rowan house 7 west bank, scarborough, YO12 4DX
Industry
Machining
Manufacture of other fabricated metal products n.e.c.
Telephone
01653693615
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
mwam holdings limited 100%
mwam specialist engineers limited Estimated Valuation
Pomanda estimates the enterprise value of MWAM SPECIALIST ENGINEERS LIMITED at £736.1k based on a Turnover of £1.6m and 0.47x industry multiple (adjusted for size and gross margin).
mwam specialist engineers limited Estimated Valuation
Pomanda estimates the enterprise value of MWAM SPECIALIST ENGINEERS LIMITED at £0 based on an EBITDA of £-22.3k and a 3.75x industry multiple (adjusted for size and gross margin).
mwam specialist engineers limited Estimated Valuation
Pomanda estimates the enterprise value of MWAM SPECIALIST ENGINEERS LIMITED at £1.2m based on Net Assets of £642.2k and 1.85x industry multiple (adjusted for liquidity).
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Mwam Specialist Engineers Limited Overview
Mwam Specialist Engineers Limited is a live company located in scarborough, YO12 4DX with a Companies House number of 10416161. It operates in the machining sector, SIC Code 25620. Founded in October 2016, it's largest shareholder is mwam holdings limited with a 100% stake. Mwam Specialist Engineers Limited is a young, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.
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Mwam Specialist Engineers Limited Health Check
Pomanda's financial health check has awarded Mwam Specialist Engineers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£11.5m)
- Mwam Specialist Engineers Limited
£11.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.3%)
- Mwam Specialist Engineers Limited
4.3% - Industry AVG
Production
with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)
- Mwam Specialist Engineers Limited
28.8% - Industry AVG
Profitability
an operating margin of -5.3% make it less profitable than the average company (6.6%)
- Mwam Specialist Engineers Limited
6.6% - Industry AVG
Employees
with 16 employees, this is below the industry average (78)
16 - Mwam Specialist Engineers Limited
78 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has an equivalent pay structure (£41.1k)
- Mwam Specialist Engineers Limited
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £98.1k, this is less efficient (£142.6k)
- Mwam Specialist Engineers Limited
£142.6k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (62 days)
- Mwam Specialist Engineers Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (48 days)
- Mwam Specialist Engineers Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is less than average (69 days)
- Mwam Specialist Engineers Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (12 weeks)
26 weeks - Mwam Specialist Engineers Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.9%, this is a lower level of debt than the average (47.8%)
39.9% - Mwam Specialist Engineers Limited
47.8% - Industry AVG
MWAM SPECIALIST ENGINEERS LIMITED financials
Mwam Specialist Engineers Limited's latest turnover from October 2023 is estimated at £1.6 million and the company has net assets of £642.2 thousand. According to their latest financial statements, Mwam Specialist Engineers Limited has 16 employees and maintains cash reserves of £169.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
---|---|---|---|---|---|---|---|
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 | 16 | 19 | 15 | 12 | 8 | 4 | 4 |
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 388,617 | 319,155 | 340,012 | 217,466 | 194,432 | 191,582 | 50,788 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 388,617 | 319,155 | 340,012 | 217,466 | 194,432 | 191,582 | 50,788 |
Stock & work in progress | 140,500 | 140,700 | 140,000 | 75,000 | 23,000 | 22,450 | 3,450 |
Trade Debtors | 349,123 | 384,921 | 745,603 | 351,329 | 253,832 | 125,121 | 62,862 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 20,255 | 2,127 | 2,093 | 1,796 | 3,108 | 1,885 | 1,480 |
Cash | 169,128 | 387,947 | 179,842 | 186,584 | 35,011 | 1,410 | 210 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 679,006 | 915,695 | 1,067,538 | 614,709 | 314,951 | 150,866 | 68,002 |
total assets | 1,067,623 | 1,234,850 | 1,407,550 | 832,175 | 509,383 | 342,448 | 118,790 |
Bank overdraft | 0 | 33,333 | 33,333 | 6,000 | 5,160 | 32,395 | 10,418 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 102,144 | 48,557 | 86,302 | 37,483 | 63,214 | 35,988 | 10,445 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 26,614 | 43,469 | 27,364 | 26,263 | 24,182 | 0 |
other current liabilities | 235,754 | 255,396 | 439,351 | 199,104 | 161,905 | 47,645 | 31,144 |
total current liabilities | 337,898 | 363,900 | 602,455 | 269,951 | 256,542 | 140,210 | 52,007 |
loans | 0 | 67,147 | 100,279 | 152,548 | 9,430 | 14,127 | 22,333 |
hp & lease commitments | 0 | 25,751 | 60,164 | 25,847 | 53,211 | 79,474 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 87,517 | 60,639 | 64,602 | 41,319 | 36,709 | 24,234 | 5,963 |
total long term liabilities | 87,517 | 153,537 | 225,045 | 219,714 | 99,350 | 117,835 | 28,296 |
total liabilities | 425,415 | 517,437 | 827,500 | 489,665 | 355,892 | 258,045 | 80,303 |
net assets | 642,208 | 717,413 | 580,050 | 342,510 | 153,491 | 84,403 | 38,487 |
total shareholders funds | 642,208 | 717,413 | 580,050 | 342,510 | 153,491 | 84,403 | 38,487 |
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | |||||||
Depreciation | 61,270 | 36,146 | 40,579 | 27,764 | 24,624 | 17,751 | 6,765 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||
Stock | -200 | 700 | 65,000 | 52,000 | 550 | 19,000 | 3,450 |
Debtors | -17,670 | -360,648 | 394,571 | 96,185 | 129,934 | 62,664 | 64,342 |
Creditors | 53,587 | -37,745 | 48,819 | -25,731 | 27,226 | 25,543 | 10,445 |
Accruals and Deferred Income | -19,642 | -183,955 | 240,247 | 37,199 | 114,260 | 16,501 | 31,144 |
Deferred Taxes & Provisions | 26,878 | -3,963 | 23,283 | 4,610 | 12,475 | 18,271 | 5,963 |
Cash flow from operations | |||||||
Investing Activities | |||||||
capital expenditure | |||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -67,147 | -33,132 | -52,269 | 143,118 | -4,697 | -8,206 | 22,333 |
Hire Purchase and Lease Commitments | -52,365 | -51,268 | 50,422 | -26,263 | -24,182 | 103,656 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||
interest | |||||||
cash flow from financing | |||||||
cash and cash equivalents | |||||||
cash | -218,819 | 208,105 | -6,742 | 151,573 | 33,601 | 1,200 | 210 |
overdraft | -33,333 | 0 | 27,333 | 840 | -27,235 | 21,977 | 10,418 |
change in cash | -185,486 | 208,105 | -34,075 | 150,733 | 60,836 | -20,777 | -10,208 |
mwam specialist engineers limited Credit Report and Business Information
Mwam Specialist Engineers Limited Competitor Analysis
Perform a competitor analysis for mwam specialist engineers limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in YO12 area or any other competitors across 12 key performance metrics.
mwam specialist engineers limited Ownership
MWAM SPECIALIST ENGINEERS LIMITED group structure
Mwam Specialist Engineers Limited has no subsidiary companies.
Ultimate parent company
MWAM SPECIALIST ENGINEERS LIMITED
10416161
mwam specialist engineers limited directors
Mwam Specialist Engineers Limited currently has 4 directors. The longest serving directors include Mr Michael Cook (Oct 2016) and Mr William Hodsman-Summers (Oct 2016).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Michael Cook | United Kingdom | 51 years | Oct 2016 | - | Director |
Mr William Hodsman-Summers | England | 28 years | Oct 2016 | - | Director |
Mr Matthew McGibbon | United Kingdom | 38 years | Apr 2022 | - | Director |
Mr Andrew Pratt | United Kingdom | 41 years | Apr 2022 | - | Director |
P&L
October 2023turnover
1.6m
+1%
operating profit
-83.6k
0%
gross margin
28.9%
+1.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
642.2k
-0.1%
total assets
1.1m
-0.14%
cash
169.1k
-0.56%
net assets
Total assets minus all liabilities
mwam specialist engineers limited company details
company number
10416161
Type
Private limited with Share Capital
industry
25620 - Machining
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
October 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
ASQUITH & CO ACCOUNTANTS LIMITED
auditor
-
address
rowan house 7 west bank, scarborough, YO12 4DX
Bank
-
Legal Advisor
-
mwam specialist engineers 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 mwam specialist engineers limited.
mwam specialist engineers limited Companies House Filings - See Documents
date | description | view/download |
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