technical metals limited Company Information
Company Number
NI029892
Next Accounts
May 2025
Shareholders
anne marie callaghan
Group Structure
View All
Industry
Machining
Registered Address
unit 3, kiltonga industrial estate, newtownards, BT23 4TJ
Website
https://www.techmetals.co.uktechnical metals limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL METALS LIMITED at £1.3m based on a Turnover of £3m and 0.43x industry multiple (adjusted for size and gross margin).
technical metals limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL METALS LIMITED at £563.5k based on an EBITDA of £163.2k and a 3.45x industry multiple (adjusted for size and gross margin).
technical metals limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL METALS LIMITED at £2m based on Net Assets of £1.1m and 1.8x industry multiple (adjusted for liquidity).
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Technical Metals Limited Overview
Technical Metals Limited is a live company located in newtownards, BT23 4TJ with a Companies House number of NI029892. It operates in the machining sector, SIC Code 25620. Founded in August 1995, it's largest shareholder is anne marie callaghan with a 100% stake. Technical Metals Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with low growth in recent years.
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Technical Metals Limited Health Check
Pomanda's financial health check has awarded Technical Metals Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
4 Regular
8 Weak
Size
annual sales of £3m, make it smaller than the average company (£9.8m)
- Technical Metals Limited
£9.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.5%)
- Technical Metals Limited
3.5% - Industry AVG
Production
with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)
- Technical Metals Limited
28.3% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (6.2%)
- Technical Metals Limited
6.2% - Industry AVG
Employees
with 24 employees, this is below the industry average (78)
24 - Technical Metals Limited
78 - Industry AVG
Pay Structure
on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)
- Technical Metals Limited
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £126.8k, this is equally as efficient (£135.6k)
- Technical Metals Limited
£135.6k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is near the average (66 days)
- Technical Metals Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (50 days)
- Technical Metals Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 210 days, this is more than average (69 days)
- Technical Metals 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 (12 weeks)
0 weeks - Technical Metals Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.6%, this is a higher level of debt than the average (47.4%)
70.6% - Technical Metals Limited
47.4% - Industry AVG
TECHNICAL METALS LIMITED financials
Technical Metals Limited's latest turnover from August 2023 is estimated at £3 million and the company has net assets of £1.1 million. According to their latest financial statements, Technical Metals Limited has 24 employees and maintains cash reserves of £39.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 24 | 15 | 19 | 26 | 26 | 26 | 26 | 26 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 576,784 | 488,700 | 542,544 | 646,084 | 704,593 | 205,788 | 276,611 | 299,526 | 306,747 | 216,403 | 217,173 | 238,649 | 244,690 | 80,044 | 125,905 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 1,331,070 | 1,331,070 | 1,331,070 | 1,331,070 | 1,331,070 | 1,331,070 | 1,331,070 | 1,331,070 | 1,355,158 | 1,355,158 | 1,355,158 | 1,355,158 | 1,355,158 | 1,355,158 | 1,355,158 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,907,854 | 1,819,770 | 1,873,614 | 1,977,154 | 2,035,663 | 1,536,858 | 1,607,681 | 1,630,596 | 1,661,905 | 1,571,561 | 1,572,331 | 1,593,807 | 1,599,848 | 1,435,202 | 1,481,063 |
Stock & work in progress | 1,259,164 | 1,003,112 | 937,872 | 1,283,845 | 1,283,987 | 926,198 | 800,248 | 486,927 | 496,274 | 568,723 | 454,497 | 400,783 | 284,538 | 248,738 | 112,270 |
Trade Debtors | 588,180 | 384,397 | 198,122 | 277,056 | 855,831 | 548,392 | 430,922 | 364,163 | 944,889 | 1,030,597 | 643,711 | 810,125 | 1,951,986 | 839,344 | 338,841 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 32,708 | 67,237 | 23,898 | 47,621 | 0 | 0 | 12,584 | 69,397 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 39,550 | 176,971 | 464,754 | 459,102 | 163,200 | 45,487 | 85,072 | 239,517 | 136,963 | 24,526 | 60,986 | 37,148 | 66,579 | 44 | 239 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,919,602 | 1,631,717 | 1,624,646 | 2,067,624 | 2,303,018 | 1,520,077 | 1,328,826 | 1,160,004 | 1,578,126 | 1,623,846 | 1,159,194 | 1,248,056 | 2,303,103 | 1,088,126 | 451,350 |
total assets | 3,827,456 | 3,451,487 | 3,498,260 | 4,044,778 | 4,338,681 | 3,056,935 | 2,936,507 | 2,790,600 | 3,240,031 | 3,195,407 | 2,731,525 | 2,841,863 | 3,902,951 | 2,523,328 | 1,932,413 |
Bank overdraft | 371,663 | 53,782 | 51,480 | 46,214 | 0 | 0 | 7,440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 195,687 | 315,469 | 178,830 | 326,265 | 2,650,829 | 1,632,024 | 272,491 | 351,893 | 2,257,979 | 2,261,272 | 1,802,922 | 1,937,096 | 3,029,113 | 1,602,656 | 1,012,396 |
Group/Directors Accounts | 1,633,390 | 1,522,823 | 1,778,362 | 1,507,296 | 0 | 0 | 1,046,148 | 893,239 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 149,563 | 139,482 | 74,232 | 96,140 | 0 | 0 | 132,390 | 137,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 2,350,303 | 2,031,556 | 2,082,904 | 1,975,915 | 2,650,829 | 1,632,024 | 1,458,469 | 1,382,232 | 2,257,979 | 2,261,272 | 1,802,922 | 1,937,096 | 3,029,113 | 1,602,656 | 1,012,396 |
loans | 294,994 | 253,320 | 309,162 | 358,668 | 0 | 0 | 10,444 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 915 | 8,009 | 14,705 | 284 | 7,113 | 1,320 | 8,991 | 6,881 | 14,673 | 0 | 830 | 7,381 | 7,440 | 12,086 |
provisions | 57,619 | 57,619 | 57,619 | 57,619 | 46,042 | 38,291 | 55,811 | 71,158 | 55,350 | 37,380 | 38,846 | 43,478 | 35,763 | 7,582 | 5,959 |
total long term liabilities | 352,613 | 311,854 | 374,790 | 430,992 | 46,326 | 45,404 | 67,575 | 80,149 | 62,231 | 52,053 | 38,846 | 44,308 | 43,144 | 15,022 | 18,045 |
total liabilities | 2,702,916 | 2,343,410 | 2,457,694 | 2,406,907 | 2,697,155 | 1,677,428 | 1,526,044 | 1,462,381 | 2,320,210 | 2,313,325 | 1,841,768 | 1,981,404 | 3,072,257 | 1,617,678 | 1,030,441 |
net assets | 1,124,540 | 1,108,077 | 1,040,566 | 1,637,871 | 1,641,526 | 1,379,507 | 1,410,463 | 1,328,219 | 919,821 | 882,082 | 889,757 | 860,459 | 830,694 | 905,650 | 901,972 |
total shareholders funds | 1,124,540 | 1,108,077 | 1,040,566 | 1,637,871 | 1,641,526 | 1,379,507 | 1,410,463 | 1,328,219 | 919,821 | 882,082 | 889,757 | 860,459 | 830,694 | 905,650 | 901,972 |
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 92,131 | 81,804 | 105,527 | 132,837 | 74,617 | 81,165 | 84,400 | 86,991 | 54,179 | 47,845 | 37,658 | 51,768 | 33,056 | 40,415 | 59,544 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | 256,052 | 65,240 | -345,973 | -142 | 357,789 | 125,950 | 313,321 | -9,347 | -72,449 | 114,226 | 53,714 | 116,245 | 35,800 | 136,468 | 112,270 |
Debtors | 169,254 | 229,614 | -102,657 | -531,154 | 307,439 | 104,886 | 9,946 | -511,329 | -85,708 | 386,886 | -166,414 | -1,141,861 | 1,112,642 | 500,503 | 338,841 |
Creditors | -119,782 | 136,639 | -147,435 | -2,324,564 | 1,018,805 | 1,359,533 | -79,402 | -1,906,086 | -3,293 | 458,350 | -134,174 | -1,092,017 | 1,426,457 | 590,260 | 1,012,396 |
Accruals and Deferred Income | 10,081 | 65,250 | -21,908 | 96,140 | 0 | -132,390 | -4,710 | 137,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 11,577 | 7,751 | -17,520 | -15,347 | 15,808 | 17,970 | -1,466 | -4,632 | 7,715 | 28,181 | 1,623 | 5,959 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,088 | 0 | 0 | 0 | 0 | 0 | 0 | 1,355,158 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 110,567 | -255,539 | 271,066 | 1,507,296 | 0 | -1,046,148 | 152,909 | 893,239 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 41,674 | -55,842 | -49,506 | 358,668 | 0 | -10,444 | 10,444 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -915 | -7,094 | -6,696 | 14,421 | -6,829 | 5,793 | -7,671 | 2,110 | -7,792 | 14,673 | -830 | -6,551 | -59 | -4,646 | 12,086 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -137,421 | -287,783 | 5,652 | 295,902 | 117,713 | -39,585 | -154,445 | 102,554 | 112,437 | -36,460 | 23,838 | -29,431 | 66,535 | -195 | 239 |
overdraft | 317,881 | 2,302 | 5,266 | 46,214 | 0 | -7,440 | 7,440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -455,302 | -290,085 | 386 | 249,688 | 117,713 | -32,145 | -161,885 | 102,554 | 112,437 | -36,460 | 23,838 | -29,431 | 66,535 | -195 | 239 |
technical metals limited Credit Report and Business Information
Technical Metals Limited Competitor Analysis
Perform a competitor analysis for technical metals limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BT23 area or any other competitors across 12 key performance metrics.
technical metals limited Ownership
TECHNICAL METALS LIMITED group structure
Technical Metals Limited has 2 subsidiary companies.
Ultimate parent company
TECHNICAL METALS LIMITED
NI029892
2 subsidiaries
technical metals limited directors
Technical Metals Limited currently has 4 directors. The longest serving directors include Mrs Anne Callaghan (Aug 2008) and Mr Kieron Kent (Mar 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mrs Anne Callaghan | 72 years | Aug 2008 | - | Director | |
Mr Kieron Kent | Northern Ireland | 63 years | Mar 2022 | - | Director |
Mrs Ursula Magee | Northern Ireland | 57 years | Feb 2023 | - | Director |
Mr Connor Jordan | Northern Ireland | 56 years | Feb 2023 | - | Director |
P&L
August 2023turnover
3m
+33%
operating profit
71k
0%
gross margin
28.3%
+4.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
1.1m
+0.01%
total assets
3.8m
+0.11%
cash
39.6k
-0.78%
net assets
Total assets minus all liabilities
Similar Companies
technical metals limited company details
company number
NI029892
Type
Private limited with Share Capital
industry
25620 - Machining
incorporation date
August 1995
age
30
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
clara limited (September 1995)
accountant
FEB CHARTERED ACCOUNTANTS
auditor
-
address
unit 3, kiltonga industrial estate, newtownards, BT23 4TJ
Bank
DANSKE BANK
Legal Advisor
MKB LAW
technical metals 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 9 charges/mortgages relating to technical metals limited. Currently there are 3 open charges and 6 have been satisfied in the past.
technical metals 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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technical metals limited Companies House Filings - See Documents
date | description | view/download |
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