mtl projects limited
mtl projects limited Company Information
Company Number
11860971
Next Accounts
Dec 2025
Shareholders
christopher ryan thompson
joshua adam thompson
View AllGroup Structure
View All
Industry
Engineering related scientific and technical consulting activities
Registered Address
unit 23-25 innovation house, south church enterprise park, bishop auckland, co. durham, DL14 6XB
Website
mtlprojects.commtl projects limited Estimated Valuation
Pomanda estimates the enterprise value of MTL PROJECTS LIMITED at £779.2k based on a Turnover of £1.5m and 0.51x industry multiple (adjusted for size and gross margin).
mtl projects limited Estimated Valuation
Pomanda estimates the enterprise value of MTL PROJECTS LIMITED at £1m based on an EBITDA of £258.4k and a 4.04x industry multiple (adjusted for size and gross margin).
mtl projects limited Estimated Valuation
Pomanda estimates the enterprise value of MTL PROJECTS LIMITED at £1.4m based on Net Assets of £580.2k and 2.39x industry multiple (adjusted for liquidity).
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Mtl Projects Limited Overview
Mtl Projects Limited is a live company located in bishop auckland, DL14 6XB with a Companies House number of 11860971. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in March 2019, it's largest shareholder is christopher ryan thompson with a 33.3% stake. Mtl Projects Limited is a young, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.
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Mtl Projects Limited Health Check
Pomanda's financial health check has awarded Mtl Projects Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
1 Weak
Size
annual sales of £1.5m, make it larger than the average company (£678.9k)
- Mtl Projects Limited
£678.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.7%)
- Mtl Projects Limited
8.7% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
- Mtl Projects Limited
38.1% - Industry AVG
Profitability
an operating margin of 16% make it more profitable than the average company (6.8%)
- Mtl Projects Limited
6.8% - Industry AVG
Employees
with 9 employees, this is similar to the industry average (8)
9 - Mtl Projects Limited
8 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Mtl Projects Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £170.9k, this is more efficient (£99.6k)
- Mtl Projects Limited
£99.6k - Industry AVG
Debtor Days
it gets paid by customers after 112 days, this is later than average (73 days)
- Mtl Projects Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is slower than average (23 days)
- Mtl Projects Limited
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mtl Projects Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is average cash available to meet short term requirements (21 weeks)
23 weeks - Mtl Projects Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.8%, this is a lower level of debt than the average (56.7%)
44.8% - Mtl Projects Limited
56.7% - Industry AVG
MTL PROJECTS LIMITED financials
Mtl Projects Limited's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of £580.2 thousand. According to their latest financial statements, Mtl Projects Limited has 9 employees and maintains cash reserves of £191.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| 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 | 9 | 9 | 6 | 6 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 52,292 | 59,790 | 39,720 | 45,829 | 2,060 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 52,292 | 59,790 | 39,720 | 45,829 | 2,060 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 474,086 | 288,836 | 75,615 | 334,154 | 116,184 |
| Group Debtors | 138,410 | 65,650 | 19,650 | 0 | 0 |
| Misc Debtors | 195,428 | 162,752 | 182,803 | 0 | 0 |
| Cash | 191,450 | 80,507 | 158,746 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 999,374 | 597,745 | 436,814 | 334,154 | 116,184 |
| total assets | 1,051,666 | 657,535 | 476,534 | 379,983 | 118,244 |
| Bank overdraft | 5,789 | 5,653 | 6,720 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 80,515 | 62,084 | 52,220 | 128,170 | 81,851 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 342,805 | 150,120 | 89,360 | 0 | 0 |
| total current liabilities | 429,109 | 217,857 | 148,300 | 128,170 | 81,851 |
| loans | 29,277 | 34,820 | 39,266 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 46,667 | 0 |
| provisions | 13,073 | 11,036 | 7,547 | 0 | 0 |
| total long term liabilities | 42,350 | 45,856 | 46,813 | 46,667 | 0 |
| total liabilities | 471,459 | 263,713 | 195,113 | 174,837 | 81,851 |
| net assets | 580,207 | 393,822 | 281,421 | 205,146 | 36,393 |
| total shareholders funds | 580,207 | 393,822 | 281,421 | 205,146 | 36,393 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 12,759 | 15,727 | |||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 290,686 | 239,170 | -56,086 | 217,970 | 116,184 |
| Creditors | 18,431 | 9,864 | -75,950 | 46,319 | 81,851 |
| Accruals and Deferred Income | 192,685 | 60,760 | 89,360 | 0 | 0 |
| Deferred Taxes & Provisions | 2,037 | 3,489 | 7,547 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,543 | -4,446 | 39,266 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -46,667 | 46,667 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 110,943 | -78,239 | 158,746 | 0 | 0 |
| overdraft | 136 | -1,067 | 6,720 | 0 | 0 |
| change in cash | 110,807 | -77,172 | 152,026 | 0 | 0 |
mtl projects limited Credit Report and Business Information
Mtl Projects Limited Competitor Analysis
Perform a competitor analysis for mtl projects limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in DL14 area or any other competitors across 12 key performance metrics.
mtl projects limited Ownership
MTL PROJECTS LIMITED group structure
Mtl Projects Limited has no subsidiary companies.
Ultimate parent company
MTL PROJECTS LIMITED
11860971
mtl projects limited directors
Mtl Projects Limited currently has 6 directors. The longest serving directors include Mr Mark Thompson (Mar 2019) and Mr Joshua Thompson (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Thompson | 61 years | Mar 2019 | - | Director | |
| Mr Joshua Thompson | England | 29 years | Apr 2019 | - | Director |
| Mr Christopher Thompson | England | 29 years | Apr 2019 | - | Director |
| Ms Britt Schuurs | England | 36 years | Oct 2024 | - | Director |
| Mr Milan Portengen | England | 35 years | Oct 2024 | - | Director |
| Mr Vincent Bremmer | Netherlands | 50 years | Oct 2024 | - | Director |
P&L
March 2024turnover
1.5m
+47%
operating profit
245.6k
0%
gross margin
38.2%
+5.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
580.2k
+0.47%
total assets
1.1m
+0.6%
cash
191.5k
+1.38%
net assets
Total assets minus all liabilities
Similar Companies
mtl projects limited company details
company number
11860971
Type
Private limited with Share Capital
industry
71122 - Engineering related scientific and technical consulting activities
incorporation date
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
MOMENTUM TAXATION AND ACCOUNTANCY LTD
auditor
-
address
unit 23-25 innovation house, south church enterprise park, bishop auckland, co. durham, DL14 6XB
Bank
-
Legal Advisor
-
mtl projects 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 1 charges/mortgages relating to mtl projects limited. Currently there are 0 open charges and 1 have been satisfied in the past.
mtl projects 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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mtl projects limited Companies House Filings - See Documents
| date | description | view/download |
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