M H Engineering (fife) Limited

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m h engineering (fife) limited Company Information

Live

MatureSmallDeclining

Company Number

SC160302

Website

www.mhengineering.co.uk

Registered Address

unit 6 buko business centre, southfield industrial estate, glenrothes, KY6 2SE

Industry

Machining

Telephone

441592770755

Next Accounts Due

June 2025

Group Structure

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Directors

Mark Hoskisson15 Years

Shareholders

mark hoskisson 90%

forbes hoskisson 10%

m h engineering (fife) limited Estimated Valuation

£775.2k

Pomanda estimates the enterprise value of M H ENGINEERING (FIFE) LIMITED at £775.2k based on Net Assets of £451k and 1.72x industry multiple (adjusted for liquidity).

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M H Engineering (fife) Limited is a live company located in glenrothes, KY6 2SE with a Companies House number of SC160302. It operates in the machining sector, SIC Code 25620. Founded in September 1995, it's largest shareholder is mark hoskisson with a 90% stake. M H Engineering (fife) Limited is a mature, small sized company, Pomanda has estimated its turnover at £847.9k with declining growth in recent years.

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Pomanda's financial health check has awarded M H Engineering (Fife) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £847.9k, make it smaller than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (3.2%)

EXPORT

M H Engineering (Fife) Limited's latest turnover from September 2023 is estimated at £847.9 thousand and the company has net assets of £451 thousand. According to their latest financial statements, M H Engineering (Fife) Limited has 8 employees and maintains cash reserves of £477.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	847,903	698,266	2,633,695	2,016,328	1,272,432	918,560	1,029,239	1,582,709	565,879	483,902	473,924	515,142	293,696	246,823	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	606,890	510,691	1,906,905	1,435,998	910,326	627,973	713,223	1,103,088	393,826	335,602	332,195	362,512	202,102	166,768	0
Gross Profit	241,013	187,575	726,790	580,330	362,105	290,586	316,016	479,621	172,053	148,299	141,729	152,630	91,594	80,056	0
Admin Expenses	119,752	216,464	705,722	466,298	302,152	288,881	327,312	486,222	-108,391	199,189	89,824	23,594	124,341	147,660	-10,729
Operating Profit	121,261	-28,889	21,068	114,032	59,953	1,705	-11,296	-6,601	280,444	-50,890	51,905	129,036	-32,747	-67,604	10,729
Interest Payable	22,894	9,926	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	24,712	5,745	0	0	0	0	0	385	841	175	126	37	17	2	0
Pre-Tax Profit	123,079	-33,069	21,068	114,032	59,953	1,705	-11,296	-6,216	281,285	-50,715	52,031	129,074	-32,730	-67,602	10,729
Tax	-30,770	0	-4,003	-21,666	-11,391	-324	0	0	-56,257	0	-11,967	-30,978	0	0	-3,004
Profit After Tax	92,309	-33,069	17,065	92,366	48,562	1,381	-11,296	-6,216	225,028	-50,715	40,064	98,096	-32,730	-67,602	7,725
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	92,309	-33,069	17,065	92,366	48,562	1,381	-11,296	-6,216	225,028	-50,715	40,064	98,096	-32,730	-67,602	7,725
Employee Costs	342,895	369,066	351,900	349,831	331,366	321,991	289,270	561,221	210,405	171,854	135,726	171,541	99,234	98,253	0
Number Of Employees	8	9	9	9	9	9	8	16	6	5	4	5	3	3	0
EBITDA*	156,090	-28,889	21,068	114,032	59,953	1,705	-11,296	-6,601	322,760	-7,053	66,373	141,627	-22,258	-52,650	21,054

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	182,957	103,136	49,638	54,063	60,917	73,385	99,763	136,475	175,089	176,642	120,829	99,447	36,273	46,762	51,520
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	182,957	103,136	49,638	54,063	60,917	73,385	99,763	136,475	175,089	176,642	120,829	99,447	36,273	46,762	51,520
Stock & work in progress	47,018	51,196	0	0	0	0	0	0	12,630	13,290	3,430	3,265	3,060	2,134	4,928
Trade Debtors	248,455	177,831	744,742	567,920	346,668	192,901	234,016	279,266	23,654	55,587	75,533	117,147	43,379	36,553	68,098
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	186,103	145,782	0	4,271	0	89,059	89,163	89,788	111,523	30,079	30,321	0	0	0	79,465
Cash	477,769	510,696	0	0	0	0	0	0	307,870	28,581	41,419	8,919	6,000	801	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	959,345	885,505	744,742	572,191	346,668	281,960	323,179	369,054	455,677	127,537	150,703	129,331	52,439	39,488	152,491
total assets	1,142,302	988,641	794,380	626,254	407,585	355,345	422,942	505,529	630,766	304,179	271,532	228,778	88,712	86,250	204,011
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	70,090	64,991	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	29,674	21,567	424,611	202,956	134,904	132,923	177,929	249,220	299,849	214,989	162,354	149,327	144,897	102,298	138,711
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	23,341	13,979	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	302,916	287,014	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	426,021	387,551	424,611	202,956	134,904	132,923	177,929	249,220	299,849	214,989	162,354	149,327	144,897	102,298	138,711
loans	105,543	175,632	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	116,205	66,790	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	7,234	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	8,041	71,401	20,384	18,687	42,659	42,659	81,042	64,348	33,621	43,958	6,418	13,825	27,571
provisions	43,556	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	265,304	242,422	8,041	78,635	20,384	18,687	42,659	42,659	81,042	64,348	33,621	43,958	6,418	13,825	27,571
total liabilities	691,325	629,973	432,652	281,591	155,288	151,610	220,588	291,879	380,891	279,337	195,975	193,285	151,315	116,123	166,282
net assets	450,977	358,668	361,728	344,663	252,297	203,735	202,354	213,650	249,875	24,842	75,557	35,493	-62,603	-29,873	37,729
total shareholders funds	450,977	358,668	361,728	344,663	252,297	203,735	202,354	213,650	249,875	24,842	75,557	35,493	-62,603	-29,873	37,729

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	121,261	-28,889	21,068	114,032	59,953	1,705	-11,296	-6,601	280,444	-50,890	51,905	129,036	-32,747	-67,604	10,729
Depreciation	34,829	0	0	0	0	0	0	0	42,316	43,837	14,468	12,591	10,489	14,954	10,325
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-30,770	0	-4,003	-21,666	-11,391	-324	0	0	-56,257	0	-11,967	-30,978	0	0	-3,004
Stock	-4,178	51,196	0	0	0	0	0	-12,630	-660	9,860	165	205	926	-2,794	4,928
Debtors	110,945	-421,129	172,551	225,523	64,708	-41,219	-45,875	233,877	49,511	-20,188	-11,293	73,768	6,826	-111,010	147,563
Creditors	8,107	-403,044	221,655	68,052	1,981	-45,006	-71,291	-50,629	84,860	52,635	13,027	4,430	42,599	-36,413	138,711
Accruals and Deferred Income	15,902	287,014	-7,234	7,234	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	43,556	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	86,118	225,014	58,935	-57,871	-14,165	-2,406	-36,712	-278,477	302,512	55,910	78,561	41,106	12,589	24,741	4,270
Investing Activities
capital expenditure	-114,650	-53,498	4,425	6,854	12,468	26,378	36,712	38,614	-40,763	-99,650	-35,850	-75,765	0	-10,196	-61,845
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-114,650	-53,498	4,425	6,854	12,468	26,378	36,712	38,614	-40,763	-99,650	-35,850	-75,765	0	-10,196	-61,845
Financing Activities
Bank loans	5,099	64,991	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	-70,089	175,632	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	58,777	80,769	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-8,041	-63,360	51,017	1,697	-23,972	0	-38,383	16,694	30,727	-10,337	37,540	-7,407	-13,746	27,571
share issue	0	30,009	0	0	0	0	0	-30,009	5	0	0	0	0	0	30,004
interest	1,818	-4,181	0	0	0	0	0	385	841	175	126	37	17	2	0
cash flow from financing	-4,395	339,179	-63,360	51,017	1,697	-23,972	0	-68,007	17,540	30,902	-10,211	37,577	-7,390	-13,744	57,575
cash and cash equivalents
cash	-32,927	510,696	0	0	0	0	0	-307,870	279,289	-12,838	32,500	2,919	5,199	801	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-32,927	510,696	0	0	0	0	0	-307,870	279,289	-12,838	32,500	2,919	5,199	801	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for m h engineering (fife) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in KY6 area or any other competitors across 12 key performance metrics.

M H ENGINEERING (FIFE) LIMITED group structure

M H Engineering (Fife) Limited has no subsidiary companies.

Ultimate parent company

M H ENGINEERING (FIFE) LIMITED

SC160302

M H ENGINEERING (FIFE) LIMITED Shareholders

mark hoskisson	90%
forbes hoskisson	10%

M H Engineering (Fife) Limited currently has 1 director, Mr Mark Hoskisson serving since Mar 2009.

officer	country	age	start	end	role
Mr Mark Hoskisson	United Kingdom	55 years	Mar 2009	-	Director

P&L

September 2023

turnover

847.9k

+21%

operating profit

121.3k

gross margin

28.5%

+5.81%

turnover

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

Balance Sheet

September 2023

net assets

451k

+0.26%

total assets

1.1m

+0.16%

cash

477.8k

-0.06%

net assets

Total assets minus all liabilities

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company number

SC160302

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

September 1995

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

unit 6 buko business centre, southfield industrial estate, glenrothes, KY6 2SE

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 4 charges/mortgages relating to m h engineering (fife) limited. Currently there are 4 open charges and 0 have been satisfied in the past.

m h engineering (fife) limited Company Information

m h engineering (fife) limited Estimated Valuation

m h engineering (fife) limited Estimated Valuation

m h engineering (fife) limited Estimated Valuation

M H Engineering (fife) Limited Overview

M H Engineering (fife) Limited Health Check

M H ENGINEERING (FIFE) LIMITED financials

m h engineering (fife) limited Credit Report and Business Information

M H Engineering (fife) Limited Competitor Analysis

m h engineering (fife) limited Ownership

m h engineering (fife) limited directors

m h engineering (fife) limited company details

m h engineering (fife) limited Charges & Mortgages

m h engineering (fife) limited Companies House Filings - See Documents