technical metals limited

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technical metals limited Company Information

Share TECHNICAL METALS LIMITED

Company Number

NI029892

Directors

Anne Callaghan

Kieron Kent

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Shareholders

anne marie callaghan

Group Structure

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Industry

Machining

 

Registered Address

unit 3, kiltonga industrial estate, newtownards, BT23 4TJ

technical metals limited Estimated Valuation

£1.3m

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

£563.5k

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

£2m

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

Health Check Image
Health Rating1.5out of 5
positive_score

0 Strong

positive_score

4 Regular

positive_score

8 Weak

size

Size

annual sales of £3m, make it smaller than the average company (£9.8m)

£3m - Technical Metals Limited

£9.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.5%)

2% - Technical Metals Limited

3.5% - Industry AVG

production

Production

with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)

28.3% - Technical Metals Limited

28.3% - Industry AVG

profitability

Profitability

an operating margin of 2.3% make it less profitable than the average company (6.2%)

2.3% - Technical Metals Limited

6.2% - Industry AVG

employees

Employees

with 24 employees, this is below the industry average (78)

24 - Technical Metals Limited

78 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)

£43.8k - Technical Metals Limited

£43.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £126.8k, this is equally as efficient (£135.6k)

£126.8k - Technical Metals Limited

£135.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 70 days, this is near the average (66 days)

70 days - Technical Metals Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is quicker than average (50 days)

32 days - Technical Metals Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 210 days, this is more than average (69 days)

210 days - Technical Metals Limited

69 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover3,043,9962,294,8621,884,4102,867,7016,404,6644,292,8392,508,9962,318,1996,650,2506,806,8415,269,9855,271,0369,058,1864,884,9260
Other Income Or Grants000000000000000
Cost Of Sales2,182,9321,675,8741,377,1562,067,4444,615,1523,007,0391,765,8841,624,5134,628,2744,720,7763,715,8153,732,4376,272,6723,335,8460
Gross Profit861,064618,988507,254800,2571,789,5131,285,800743,113693,6862,021,9762,086,0651,554,1701,538,5992,785,5141,549,0790
Admin Expenses790,023515,3811,081,672791,8741,466,8151,316,740641,424152,5002,006,3652,093,9541,516,3661,499,6942,860,6371,543,971-1,252,736
Operating Profit71,041103,607-574,4188,383322,698-30,940101,689541,18615,611-7,88937,80438,905-75,1235,1081,252,736
Interest Payable54,77425,87523,34812,349060455900000000
Interest Receivable5,6845,61546231178349040647140421424525916711
Pre-Tax Profit21,95183,347-597,305-3,655323,480-31,054101,536541,65616,015-7,67538,04939,164-74,9565,1081,252,736
Tax-5,488-15,83600-61,4610-19,292-108,331-3,2030-8,751-9,3990-1,430-350,766
Profit After Tax16,46367,511-597,305-3,655262,019-31,05482,244433,32512,812-7,67529,29829,765-74,9563,678901,970
Dividends Paid000000000000000
Retained Profit16,46367,511-597,305-3,655262,019-31,05482,244433,32512,812-7,67529,29829,765-74,9563,678901,970
Employee Costs1,052,124642,441771,9041,058,682995,929963,278965,862911,9842,128,1962,164,7321,494,3631,531,3642,631,2311,461,0690
Number Of Employees24151926262626266163444580450
EBITDA*163,172185,411-468,891141,220397,31550,225186,089628,17769,79039,95675,46290,673-42,06745,5231,312,280

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets576,784488,700542,544646,084704,593205,788276,611299,526306,747216,403217,173238,649244,69080,044125,905
Intangible Assets000000000000000
Investments & Other1,331,0701,331,0701,331,0701,331,0701,331,0701,331,0701,331,0701,331,0701,355,1581,355,1581,355,1581,355,1581,355,1581,355,1581,355,158
Debtors (Due After 1 year)000000000000000
Total Fixed Assets1,907,8541,819,7701,873,6141,977,1542,035,6631,536,8581,607,6811,630,5961,661,9051,571,5611,572,3311,593,8071,599,8481,435,2021,481,063
Stock & work in progress1,259,1641,003,112937,8721,283,8451,283,987926,198800,248486,927496,274568,723454,497400,783284,538248,738112,270
Trade Debtors588,180384,397198,122277,056855,831548,392430,922364,163944,8891,030,597643,711810,1251,951,986839,344338,841
Group Debtors000000000000000
Misc Debtors32,70867,23723,89847,6210012,58469,3970000000
Cash39,550176,971464,754459,102163,20045,48785,072239,517136,96324,52660,98637,14866,57944239
misc current assets000000000000000
total current assets1,919,6021,631,7171,624,6462,067,6242,303,0181,520,0771,328,8261,160,0041,578,1261,623,8461,159,1941,248,0562,303,1031,088,126451,350
total assets3,827,4563,451,4873,498,2604,044,7784,338,6813,056,9352,936,5072,790,6003,240,0313,195,4072,731,5252,841,8633,902,9512,523,3281,932,413
Bank overdraft371,66353,78251,48046,214007,44000000000
Bank loan000000000000000
Trade Creditors 195,687315,469178,830326,2652,650,8291,632,024272,491351,8932,257,9792,261,2721,802,9221,937,0963,029,1131,602,6561,012,396
Group/Directors Accounts1,633,3901,522,8231,778,3621,507,296001,046,148893,2390000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities149,563139,48274,23296,14000132,390137,1000000000
total current liabilities2,350,3032,031,5562,082,9041,975,9152,650,8291,632,0241,458,4691,382,2322,257,9792,261,2721,802,9221,937,0963,029,1131,602,6561,012,396
loans294,994253,320309,162358,6680010,44400000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities09158,00914,7052847,1131,3208,9916,88114,67308307,3817,44012,086
provisions57,61957,61957,61957,61946,04238,29155,81171,15855,35037,38038,84643,47835,7637,5825,959
total long term liabilities352,613311,854374,790430,99246,32645,40467,57580,14962,23152,05338,84644,30843,14415,02218,045
total liabilities2,702,9162,343,4102,457,6942,406,9072,697,1551,677,4281,526,0441,462,3812,320,2102,313,3251,841,7681,981,4043,072,2571,617,6781,030,441
net assets1,124,5401,108,0771,040,5661,637,8711,641,5261,379,5071,410,4631,328,219919,821882,082889,757860,459830,694905,650901,972
total shareholders funds1,124,5401,108,0771,040,5661,637,8711,641,5261,379,5071,410,4631,328,219919,821882,082889,757860,459830,694905,650901,972
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit71,041103,607-574,4188,383322,698-30,940101,689541,18615,611-7,88937,80438,905-75,1235,1081,252,736
Depreciation92,13181,804105,527132,83774,61781,16584,40086,99154,17947,84537,65851,76833,05640,41559,544
Amortisation000000000000000
Tax-5,488-15,83600-61,4610-19,292-108,331-3,2030-8,751-9,3990-1,430-350,766
Stock256,05265,240-345,973-142357,789125,950313,321-9,347-72,449114,22653,714116,24535,800136,468112,270
Debtors169,254229,614-102,657-531,154307,439104,8869,946-511,329-85,708386,886-166,414-1,141,8611,112,642500,503338,841
Creditors-119,782136,639-147,435-2,324,5641,018,8051,359,533-79,402-1,906,086-3,293458,350-134,174-1,092,0171,426,457590,2601,012,396
Accruals and Deferred Income10,08165,250-21,90896,1400-132,390-4,710137,1000000000
Deferred Taxes & Provisions00011,5777,751-17,520-15,34715,80817,970-1,466-4,6327,71528,1811,6235,959
Cash flow from operations-377,32376,610-189,604-1,544,331697,1821,029,012-255,929-712,656239,421-4,27240,60522,588264,129-9951,528,758
Investing Activities
capital expenditure-180,215-27,960-1,987-74,328-573,422-10,342-61,485-79,770-144,523-47,075-16,182-45,727-197,7025,446-185,449
Change in Investments0000000-24,0880000001,355,158
cash flow from investments-180,215-27,960-1,987-74,328-573,422-10,342-61,485-55,682-144,523-47,075-16,182-45,727-197,7025,446-1,540,607
Financing Activities
Bank loans000000000000000
Group/Directors Accounts110,567-255,539271,0661,507,2960-1,046,148152,909893,2390000000
Other Short Term Loans 000000000000000
Long term loans41,674-55,842-49,506358,6680-10,44410,44400000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-915-7,094-6,69614,421-6,8295,793-7,6712,110-7,79214,673-830-6,551-59-4,64612,086
share issue00000980-24,92724,927000002
interest-49,090-20,260-22,886-12,038783-114-15347140421424525916711
cash flow from financing102,236-338,735191,9781,868,347-6,046-1,050,815155,529870,89317,53914,887-585-6,292108-4,64512,089
cash and cash equivalents
cash-137,421-287,7835,652295,902117,713-39,585-154,445102,554112,437-36,46023,838-29,43166,535-195239
overdraft317,8812,3025,26646,2140-7,4407,44000000000
change in cash-455,302-290,085386249,688117,713-32,145-161,885102,554112,437-36,46023,838-29,43166,535-195239

technical metals limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Technical Metals Limited Competitor Analysis

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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 Shareholders

anne marie callaghan 100%

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).

officercountryagestartendrole
Mrs Anne Callaghan72 years Aug 2008- Director
Mr Kieron KentNorthern Ireland63 years Mar 2022- Director
Mrs Ursula MageeNorthern Ireland57 years Feb 2023- Director
Mr Connor JordanNorthern Ireland56 years Feb 2023- Director

P&L

August 2023

turnover

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 2023

net assets

1.1m

+0.01%

total assets

3.8m

+0.11%

cash

39.6k

-0.78%

net assets

Total assets minus all liabilities

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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

None

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

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