mechboards ltd
mechboards ltd Company Information
Company Number
10949647
Next Accounts
Jun 2025
Industry
Retail sale via mail order houses or via Internet
Shareholders
david hallowes
benjamin west
Group Structure
View All
Contact
Registered Address
exchange house, exchange house, exchange square, beccles, NR34 9HH
Website
mechboards.co.ukmechboards ltd Estimated Valuation
Pomanda estimates the enterprise value of MECHBOARDS LTD at £57.7k based on a Turnover of £225k and 0.26x industry multiple (adjusted for size and gross margin).
mechboards ltd Estimated Valuation
Pomanda estimates the enterprise value of MECHBOARDS LTD at £0 based on an EBITDA of £-27.4k and a 2.98x industry multiple (adjusted for size and gross margin).
mechboards ltd Estimated Valuation
Pomanda estimates the enterprise value of MECHBOARDS LTD at £0 based on Net Assets of £-106k and 2.28x industry multiple (adjusted for liquidity).
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Mechboards Ltd Overview
Mechboards Ltd is a live company located in beccles, NR34 9HH with a Companies House number of 10949647. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in September 2017, it's largest shareholder is david hallowes with a 50% stake. Mechboards Ltd is a young, micro sized company, Pomanda has estimated its turnover at £225k with high growth in recent years.
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Mechboards Ltd Health Check
Pomanda's financial health check has awarded Mechboards Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £225k, make it smaller than the average company (£356.6k)
- Mechboards Ltd
£356.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (5.5%)
- Mechboards Ltd
5.5% - Industry AVG
Production
with a gross margin of 20.2%, this company has a higher cost of product (36.6%)
- Mechboards Ltd
36.6% - Industry AVG
Profitability
an operating margin of -12.2% make it less profitable than the average company (2.4%)
- Mechboards Ltd
2.4% - Industry AVG
Employees
with 6 employees, this is above the industry average (4)
6 - Mechboards Ltd
4 - Industry AVG
Pay Structure
on an average salary of £27.9k, the company has an equivalent pay structure (£27.9k)
- Mechboards Ltd
£27.9k - Industry AVG
Efficiency
resulting in sales per employee of £37.5k, this is less efficient (£164k)
- Mechboards Ltd
£164k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (21 days)
- Mechboards Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (33 days)
- Mechboards Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mechboards Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mechboards Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 311.2%, this is a higher level of debt than the average (72.5%)
311.2% - Mechboards Ltd
72.5% - Industry AVG
MECHBOARDS LTD financials
Mechboards Ltd's latest turnover from September 2023 is estimated at £225 thousand and the company has net assets of -£106 thousand. According to their latest financial statements, Mechboards Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| 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 | 6 | 6 | 2 | 2 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 6,409 | 4,055 | 3,640 | 3,926 | 349 | 466 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,409 | 4,055 | 3,640 | 3,926 | 349 | 466 |
| Stock & work in progress | 0 | 0 | 115,750 | 0 | 0 | 0 |
| Trade Debtors | 43,216 | 86,864 | 8,574 | 43,329 | 19,481 | 8,345 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 547 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 43,591 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 43,763 | 86,864 | 167,915 | 43,329 | 19,481 | 8,345 |
| total assets | 50,172 | 90,919 | 171,555 | 47,255 | 19,830 | 8,811 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 24,007 | 34,854 | 7,052 | 6,972 | 14,447 | 11,148 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 29,717 | 0 | 0 | 0 |
| total current liabilities | 24,007 | 34,854 | 36,769 | 6,972 | 14,447 | 11,148 |
| loans | 0 | 0 | 97,487 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 132,123 | 134,621 | 0 | 35,056 | 1,189 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 132,123 | 134,621 | 97,487 | 35,056 | 1,189 | 0 |
| total liabilities | 156,130 | 169,475 | 134,256 | 42,028 | 15,636 | 11,148 |
| net assets | -105,958 | -78,556 | 37,299 | 5,227 | 4,194 | -2,337 |
| total shareholders funds | -105,958 | -78,556 | 37,299 | 5,227 | 4,194 | -2,337 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 1,013 | 0 | ||||
| Amortisation | 0 | 0 | ||||
| Tax | ||||||
| Stock | 0 | -115,750 | 115,750 | 0 | 0 | 0 |
| Debtors | -43,101 | 78,290 | -34,755 | 23,848 | 11,136 | 8,345 |
| Creditors | -10,847 | 27,802 | 80 | -7,475 | 3,299 | 11,148 |
| Accruals and Deferred Income | 0 | -29,717 | 29,717 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -97,487 | 97,487 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,498 | 134,621 | -35,056 | 33,867 | 1,189 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | -43,591 | 43,591 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -43,591 | 43,591 | 0 | 0 | 0 |
mechboards ltd Credit Report and Business Information
Mechboards Ltd Competitor Analysis
Perform a competitor analysis for mechboards ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NR34 area or any other competitors across 12 key performance metrics.
mechboards ltd Ownership
MECHBOARDS LTD group structure
Mechboards Ltd has no subsidiary companies.
Ultimate parent company
MECHBOARDS LTD
10949647
mechboards ltd directors
Mechboards Ltd currently has 2 directors. The longest serving directors include Mr Benjamin West (Sep 2017) and Mr David Hallowes (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin West | England | 34 years | Sep 2017 | - | Director |
| Mr David Hallowes | England | 33 years | Sep 2017 | - | Director |
P&L
September 2023turnover
225k
-34%
operating profit
-27.4k
0%
gross margin
20.2%
-4.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-106k
+0.35%
total assets
50.2k
-0.45%
cash
0
0%
net assets
Total assets minus all liabilities
mechboards ltd company details
company number
10949647
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
CRASL
auditor
-
address
exchange house, exchange house, exchange square, beccles, NR34 9HH
Bank
-
Legal Advisor
-
mechboards ltd 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 mechboards ltd.
mechboards ltd 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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mechboards ltd Companies House Filings - See Documents
| date | description | view/download |
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