Martin Precision Ltd

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martin precision ltd Company Information

Company Number

SC145469

Next Accounts

Sep 2025

Directors

William Martin

Neil Lawson

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Shareholders

martin precision eot ltd

william george martin

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Group Structure

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Industry

Manufacture of other fabricated metal products n.e.c.

Registered Address

block 2 east faulds road, caldwellside industrial estate, lanark, south lanarkshire, ML11 7SR

Website

www.martinaerospace.com

martin precision ltd Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of MARTIN PRECISION LTD at £3.4m based on Net Assets of £1.8m and 1.96x industry multiple (adjusted for liquidity).

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Martin Precision Ltd is a live company located in lanark, ML11 7SR with a Companies House number of SC145469. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in July 1993, it's largest shareholder is martin precision eot ltd with a 98.7% stake. Martin Precision Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with unknown growth in recent years.

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Pomanda's financial health check has awarded Martin Precision Ltd a 3 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

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £4.4m, make it smaller than the average company (£14.5m)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Martin Precision Ltd's latest turnover from December 2023 is estimated at £4.4 million and the company has net assets of £1.8 million. According to their latest financial statements, Martin Precision Ltd has 48 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Jan 2022	Jan 2021	Dec 2019	Dec 2018	Dec 2017	Oct 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	4,353,162	3,927,669	3,412,574	5,196,519	6,740,983	7,285,008	6,261,272	5,208,104	5,748,997	5,605,848	5,877,932	6,676,195	5,506,590	3,918,773
Other Income Or Grants
Cost Of Sales	3,078,498	2,770,933	2,403,536	3,383,335	4,519,260	4,817,172	4,331,122	3,577,527	3,879,637	3,927,818	4,000,311	4,677,325	3,825,131	2,673,620
Gross Profit	1,274,664	1,156,737	1,009,039	1,813,184	2,221,723	2,467,836	1,930,149	1,630,577	1,869,360	1,678,030	1,877,621	1,998,870	1,681,459	1,245,153
Admin Expenses	1,558,136	598,828	1,073,413	1,506,976	2,261,762	2,411,061	2,751,267	1,506,945	1,610,003	1,603,563	1,526,777	1,931,836	1,624,760	1,066,843	-494,961
Operating Profit	-283,472	557,909	-64,374	306,208	-40,039	56,775	-821,118	123,632	259,357	74,467	350,844	67,034	56,699	178,310	494,961
Interest Payable	31,752	37,627	28,151	110,504	92,045	45,358	61,647	46,618	57,855	61,132	62,398
Interest Receivable	48,254	14,670	1,098	98		1,123	1				460	1	1	87	87
Pre-Tax Profit	-266,970	534,952	-91,427	195,802	-132,084	11,417	-882,764	77,015	201,502	13,335	288,906	67,036	56,700	178,397	495,047
Tax		-101,641		29,192	176,314	303,589		-15,403	13,757	58,377	29,221	-16,089	-14,742	-49,951	-138,613
Profit After Tax	-266,970	433,311	-91,427	224,994	44,230	315,006	-882,764	61,612	215,259	71,712	318,127	50,947	41,958	128,446	356,434
Dividends Paid									40,920	49,531	34,947
Retained Profit	-266,970	433,311	-91,427	224,994	44,230	315,006	-882,764	61,612	174,339	22,181	283,180	50,947	41,958	128,446	356,434
Employee Costs	1,978,759	1,916,788	1,954,104	2,418,601	2,975,255	3,100,614	2,585,434	1,477,895	2,546,818	2,631,224	2,342,333	1,745,834	1,456,710	1,127,854
Number Of Employees	48	49	53	66	77	82	76	45	73	73	67	57	49	39
EBITDA*	-4,917	832,937	297,047	647,687	219,294	518,850	-334,294	418,177	535,568	333,329	609,747	289,530	262,296	357,833	661,357

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Jan 2022	Jan 2021	Dec 2019	Dec 2018	Dec 2017	Oct 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	2,082,086	2,197,212	2,035,441	2,249,374	2,527,082	1,885,339	2,096,280	1,393,137	1,460,502	1,318,449	1,435,515	1,069,350	1,088,905	1,033,745	1,052,034
Intangible Assets										349	2,757	9,482	16,805	27,472	19,377
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	2,082,086	2,197,212	2,035,441	2,249,374	2,527,082	1,885,339	2,096,280	1,393,137	1,460,502	1,318,798	1,438,272	1,078,832	1,105,710	1,061,217	1,071,411
Stock & work in progress	1,113,504	581,380	635,336	661,530	842,569	762,021	677,025	939,953	1,054,324	1,142,380	1,022,069	934,361	848,047	773,993	747,757
Trade Debtors	248,067	540,221	340,640	850,082	1,742,208	1,979,304	1,249,781	1,229,885	1,294,712	1,338,731	1,488,399	1,162,756	958,683	563,625	706,821
Group Debtors
Misc Debtors	95,551	253,551	128,047	143,917	559,482	354,079	178,874	73,215	69,414	72,154	216,999
Cash	1,242,949	595,286	635,382	242,977	71,063	299,275	282	132	48	248	87	353	170	318	34,653
misc current assets
total current assets	2,700,071	1,970,438	1,739,405	1,898,506	3,215,322	3,528,305	2,105,962	2,243,185	2,418,498	2,553,513	2,727,554	2,097,470	1,806,900	1,337,936	1,489,231
total assets	4,782,157	4,167,650	3,774,846	4,147,880	5,742,404	5,413,644	4,202,242	3,636,322	3,879,000	3,872,311	4,165,826	3,176,302	2,912,610	2,399,153	2,560,642
Bank overdraft						1,604,862	1,040,763	631,160	715,344	1,052,955	980,976
Bank loan	86,465	102,751	100,666	63,720	45,653	49,303	20,342	19,346	22,930	46,275
Trade Creditors	913,551	587,274	579,431	483,744	945,754	1,008,108	861,810	503,132	547,968	509,373	687,195	1,687,377	1,505,586	1,054,641	1,237,590
Group/Directors Accounts
other short term finances				98,428	148,378	39,455	37,497
hp & lease commitments				219,306	451,036	254,662	201,925	115,381	149,023	131,234	133,717
other current liabilities	1,246,450	621,553	630,150	668,451	1,890,526	426,700	354,600	319,434	363,925	344,533	429,577
total current liabilities	2,246,466	1,311,578	1,310,247	1,533,649	3,481,347	3,403,134	2,516,937	1,588,453	1,799,190	2,084,370	2,231,465	1,687,377	1,505,586	1,054,641	1,237,590
loans	144,464	230,793	341,581	296,449	102,665	138,846	86,743	60,987	42,000	17,101	61,207
hp & lease commitments				635,037	679,630	532,778	599,640	126,865	242,245	190,959	319,229
Accruals and Deferred Income								10,225
other liabilities	283,469	440,266	600,488	88,899	117,439							238,558	222,672	205,310	311,870
provisions	356,055	361,540	223,795	203,684	196,155		7,329	100,595	107,980	66,635	62,860	42,482	50,414	47,222	45,149
total long term liabilities	783,988	1,032,599	1,165,864	1,224,069	1,095,889	671,624	693,712	298,672	392,225	274,695	443,296	281,040	273,086	252,532	357,019
total liabilities	3,030,454	2,344,177	2,476,111	2,757,718	4,577,236	4,074,758	3,210,649	1,887,125	2,191,415	2,359,065	2,674,761	1,968,417	1,778,672	1,307,173	1,594,609
net assets	1,751,703	1,823,473	1,298,735	1,390,162	1,165,168	1,338,886	991,593	1,749,197	1,687,585	1,513,246	1,491,065	1,207,885	1,133,938	1,091,980	966,033
total shareholders funds	1,751,703	1,823,473	1,298,735	1,390,162	1,165,168	1,338,886	991,593	1,749,197	1,687,585	1,513,246	1,491,065	1,207,885	1,133,938	1,091,980	966,033

	Dec 2023	Dec 2022	Jan 2022	Jan 2021	Dec 2019	Dec 2018	Dec 2017	Oct 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-283,472	557,909	-64,374	306,208	-40,039	56,775	-821,118	123,632	259,357	74,467	350,844	67,034	56,699	178,310	494,961
Depreciation	278,555	275,028	361,421	341,479	259,333	462,075	486,824	294,545	275,862	256,454	252,178	215,173	192,822	167,657	158,847
Amortisation									349	2,408	6,725	7,323	12,775	11,866	7,549
Tax		-101,641		29,192	176,314	303,589		-15,403	13,757	58,377	29,221	-16,089	-14,742	-49,951	-138,613
Stock	532,124	-80,150	-26,194	661,530	80,548	84,996	-262,928	-114,371	-88,056	120,311	87,708	86,314	74,054	26,236	747,757
Debtors	-450,154	-200,227	-525,312	993,999	-31,693	904,728	125,555	-61,026	-46,759	-294,513	542,642	204,073	395,058	-143,196	706,821
Creditors	326,277	103,530	95,687	483,744	-62,354	146,298	358,678	-44,836	38,595	-177,822	-1,000,182	181,791	450,945	-182,949	1,237,590
Accruals and Deferred Income	624,897	-46,898	-38,301	668,451	1,463,826	72,100	24,941	-34,266	19,392	-85,044	429,577
Deferred Taxes & Provisions	-5,485	157,856	20,111	203,684	196,155	-7,329	-93,266	-7,385	41,345	3,775	20,378	-7,932	3,192	2,073	45,149
Cash flow from operations	858,802	1,226,161	926,050	377,229	1,944,380	43,784	93,432	491,684	783,472	306,817	-541,609	156,913	232,579	243,966	350,905
Investing Activities
capital expenditure	-163,429	-222,866	-147,488			-251,134	-1,189,967	-227,180	-417,915	-139,388	-597,965	-195,618	-250,090	-169,329	-1,237,807
Change in Investments
cash flow from investments	-163,429	-222,866	-147,488			-251,134	-1,189,967	-227,180	-417,915	-139,388	-597,965	-195,618	-250,090	-169,329	-1,237,807
Financing Activities
Bank loans	-16,286	39,031	36,946	63,720	-3,650	28,961	996	-3,584	-23,345	46,275
Group/Directors Accounts
Other Short Term Loans		-98,428	-98,428	98,428	108,923	1,958	37,497
Long term loans	-86,329	-65,656	45,132	296,449	-36,181	52,103	25,756	18,987	24,899	-44,106	61,207
Hire Purchase and Lease Commitments		-854,343	-854,343	854,343	343,226	-14,125	559,319	-149,022	69,075	-130,753	452,946
other long term liabilities	-156,797	351,367	511,589	88,899	117,439						-238,558	15,886	17,362	-106,560	311,870
share issue	195,200			1,165,168	-217,948	32,287	125,160					23,000		-2,499	609,599
interest	16,502	-22,957	-27,053	-110,406	-92,045	-44,235	-61,646	-46,618	-57,855	-61,132	-61,938	1	1	87	87
cash flow from financing	-47,710	-650,986	-386,157	2,456,601	219,764	56,949	687,082	-180,237	12,774	-189,716	213,657	38,887	17,363	-108,972	921,556
cash and cash equivalents
cash	647,663	352,309	392,405	242,977	-228,212	298,993	150	84	-200	161	-266	183	-148	-34,335	34,653
overdraft					-1,604,862	564,099	409,603	-84,184	-337,611	71,979	980,976
change in cash	647,663	352,309	392,405	242,977	1,376,650	-265,106	-409,453	84,268	337,411	-71,818	-981,242	183	-148	-34,335	34,653

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARTIN PRECISION LTD group structure

Martin Precision Ltd has no subsidiary companies.

Ultimate parent company

MARTIN PRECISION LTD

SC145469

MARTIN PRECISION LTD Shareholders

martin precision eot ltd	98.68%
william george martin	1.32%
martin precisio eot ltd	0%

Martin Precision Ltd currently has 4 directors. The longest serving directors include Mr William Martin (Aug 1993) and Mr Neil Lawson (Jan 2017).

officer	country	age	start	end	role
Mr William Martin	Scotland	70 years	Aug 1993	-	Director
Mr Neil Lawson	Scotland	52 years	Jan 2017	-	Director
Miss Lorna Laidlaw		53 years	Jan 2017	-	Director
Mr Allan Caldwell		65 years	Mar 2018	-	Director

P&L

December 2023

turnover

4.4m

+11%

operating profit

-283.5k

gross margin

29.3%

-0.58%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.8m

-0.04%

total assets

4.8m

+0.15%

cash

1.2m

+1.09%

net assets

Total assets minus all liabilities

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company number

SC145469

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

July 1993

ultimate parent company

None

previous names

martin aerospace limited (December 2020)

g t martin & sons limited (October 2006)

address

block 2 east faulds road, caldwellside industrial estate, lanark, south lanarkshire, ML11 7SR

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 13 charges/mortgages relating to martin precision ltd. Currently there are 1 open charges and 12 have been satisfied in the past.

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martin precision ltd Company Information

martin precision ltd Estimated Valuation

martin precision ltd Estimated Valuation

martin precision ltd Estimated Valuation

Martin Precision Ltd Overview

Martin Precision Ltd Health Check

MARTIN PRECISION LTD financials

martin precision ltd Credit Report and Business Information

Martin Precision Ltd Competitor Analysis

martin precision ltd Ownership

martin precision ltd directors

martin precision ltd company details

martin precision ltd Charges & Mortgages

martin precision ltd Capital Raised & Share Issues BETA

martin precision ltd Companies House Filings - See Documents