martec engineering group limited Company Information
Company Number
SC165315
Website
www.martecengineering.co.ukRegistered Address
block 7, 20 clydesmill drive, cambuslang investment park, cambuslang, glasgow, G32 8RG
Industry
Manufacture of basic iron and steel and of ferro-alloys
Telephone
01416465220
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
martin mchugh 100%
martec engineering group limited Estimated Valuation
The estimated valuation range for martec engineering group limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £858.1k to £4.2m
martec engineering group limited Estimated Valuation
The estimated valuation range for martec engineering group limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £858.1k to £4.2m
martec engineering group limited Estimated Valuation
The estimated valuation range for martec engineering group limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £858.1k to £4.2m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Martec Engineering Group Limited AI Business Plan
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Martec Engineering Group Limited Overview
Martec Engineering Group Limited is a live company located in cambuslang, glasgow, G32 8RG with a Companies House number of SC165315. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in May 1996, it's largest shareholder is martin mchugh with a 100% stake. Martec Engineering Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with healthy growth in recent years.
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Martec Engineering Group Limited Health Check
Pomanda's financial health check has awarded Martec Engineering Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
6 Weak
Size
annual sales of £12.9m, make it smaller than the average company (£24.1m)
- Martec Engineering Group Limited
£24.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.1%)
- Martec Engineering Group Limited
7.1% - Industry AVG
Production
with a gross margin of 17.4%, this company has a comparable cost of product (17.4%)
- Martec Engineering Group Limited
17.4% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (7.1%)
- Martec Engineering Group Limited
7.1% - Industry AVG
Employees
with 86 employees, this is similar to the industry average (75)
86 - Martec Engineering Group Limited
75 - Industry AVG
Pay Structure
on an average salary of £45.3k, the company has an equivalent pay structure (£45.3k)
- Martec Engineering Group Limited
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £150.4k, this is less efficient (£400.9k)
- Martec Engineering Group Limited
£400.9k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (56 days)
- Martec Engineering Group Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (60 days)
- Martec Engineering Group Limited
60 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is less than average (64 days)
- Martec Engineering Group Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Martec Engineering Group Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.3%, this is a higher level of debt than the average (51.6%)
64.3% - Martec Engineering Group Limited
51.6% - Industry AVG
martec engineering group limited Credit Report and Business Information
Martec Engineering Group Limited Competitor Analysis
Perform a competitor analysis for martec engineering group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
martec engineering group limited Ownership
MARTEC ENGINEERING GROUP LIMITED group structure
Martec Engineering Group Limited has 1 subsidiary company.
Ultimate parent company
MARTEC ENGINEERING GROUP LIMITED
SC165315
1 subsidiary
martec engineering group limited directors
Martec Engineering Group Limited currently has 5 directors. The longest serving directors include Mr Martin McHugh (May 1996) and Mr Gary Miller (Nov 2013).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Martin McHugh | 69 years | May 1996 | - | Director | |
Mr Gary Miller | 55 years | Nov 2013 | - | Director | |
Mr Mark McGuigan | 55 years | Jun 2015 | - | Director | |
Mrs Karen Dickie | Scotland | 60 years | Jul 2021 | - | Director |
Mrs Karen Dickie | Scotland | 60 years | Jul 2021 | - | Director |
MARTEC ENGINEERING GROUP LIMITED financials
Martec Engineering Group Limited's latest turnover from December 2022 is estimated at £12.9 million and the company has net assets of £1.7 million. According to their latest financial statements, Martec Engineering Group Limited has 86 employees and maintains cash reserves of £559 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 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 | 86 | 86 | 87 | 90 | 77 | 71 | 67 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 417,740 | 502,805 | 926,863 | 980,710 | 1,013,446 | 1,070,059 | 1,074,839 | 1,111,790 | 1,016,695 | 1,027,967 | 1,052,693 | 1,127,336 | 1,165,625 | 1,249,540 |
Intangible Assets | 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 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 417,740 | 502,805 | 926,863 | 980,710 | 1,013,446 | 1,070,059 | 1,074,839 | 1,111,790 | 1,016,695 | 1,027,967 | 1,052,693 | 1,127,336 | 1,165,625 | 1,249,540 |
Stock & work in progress | 1,146,122 | 1,084,546 | 781,578 | 1,001,533 | 727,089 | 552,621 | 441,762 | 294,034 | 468,452 | 282,835 | 228,597 | 279,095 | 222,551 | 149,142 |
Trade Debtors | 1,889,066 | 2,168,793 | 1,981,841 | 1,940,944 | 1,265,863 | 1,631,046 | 1,349,431 | 880,603 | 837,143 | 823,133 | 582,965 | 1,025,884 | 772,711 | 949,437 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 81,893 | 81,893 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 1,324,327 | 1,226,549 | 383,804 | 202,219 | 229,276 | 199,286 | 52,949 | 24,125 | 0 | 0 | 0 | 0 | 0 | 1,468 |
Cash | 559 | 1,084 | 229 | 128 | 667 | 185 | 948 | 483 | 573 | 244 | 98 | 185 | 55 | 214 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 4,360,074 | 4,480,972 | 3,147,452 | 3,144,824 | 2,222,895 | 2,383,138 | 1,926,983 | 1,281,138 | 1,306,168 | 1,106,212 | 811,660 | 1,305,164 | 995,317 | 1,100,261 |
total assets | 4,777,814 | 4,983,777 | 4,074,315 | 4,125,534 | 3,236,341 | 3,453,197 | 3,001,822 | 2,392,928 | 2,322,863 | 2,134,179 | 1,864,353 | 2,432,500 | 2,160,942 | 2,349,801 |
Bank overdraft | 1,058,805 | 462,051 | 449,389 | 856,187 | 546,795 | 642,269 | 633,352 | 443,178 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 811,824 | 1,222,368 | 680,963 | 1,114,013 | 761,272 | 894,832 | 944,861 | 510,079 | 1,324,672 | 1,109,619 | 863,173 | 1,428,281 | 1,103,400 | 1,561,981 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,110 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 20,626 | 16,738 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 425,562 | 445,459 | 840,095 | 741,820 | 604,898 | 587,676 | 248,149 | 239,691 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 2,296,191 | 2,129,878 | 1,970,447 | 2,712,020 | 1,912,965 | 2,124,777 | 1,846,988 | 1,238,796 | 1,324,672 | 1,109,619 | 863,173 | 1,428,281 | 1,103,400 | 1,561,981 |
loans | 388,984 | 567,265 | 531,348 | 67,813 | 178,686 | 300,243 | 408,243 | 512,020 | 0 | 66,666 | 74,688 | 170,833 | 216,666 | 400,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 46,089 | 43,513 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 289,883 | 497,154 | 13,370 | 20,509 | 46,287 | 69,717 | 0 | 0 | 612,844 | 643,176 | 777,367 | 804,953 | 835,136 | 291,111 |
provisions | 94,589 | 127,023 | 14,199 | 12,915 | 17,432 | 22,440 | 18,184 | 23,629 | 1,053 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 773,456 | 1,191,442 | 558,917 | 101,237 | 242,405 | 392,400 | 472,516 | 579,162 | 613,897 | 709,842 | 852,055 | 975,786 | 1,051,802 | 691,111 |
total liabilities | 3,069,647 | 3,321,320 | 2,529,364 | 2,813,257 | 2,155,370 | 2,517,177 | 2,319,504 | 1,817,958 | 1,938,569 | 1,819,461 | 1,715,228 | 2,404,067 | 2,155,202 | 2,253,092 |
net assets | 1,708,167 | 1,662,457 | 1,544,951 | 1,312,277 | 1,080,971 | 936,020 | 682,318 | 574,970 | 384,294 | 314,718 | 149,125 | 28,433 | 5,740 | 96,709 |
total shareholders funds | 1,708,167 | 1,662,457 | 1,544,951 | 1,312,277 | 1,080,971 | 936,020 | 682,318 | 574,970 | 384,294 | 314,718 | 149,125 | 28,433 | 5,740 | 96,709 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 96,721 | 86,217 | 65,513 | 72,401 | 78,108 | 77,359 | 78,301 | 55,067 | 48,533 | 69,377 | 79,545 | 79,254 | 90,615 | 82,500 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | 61,576 | 302,968 | -219,955 | 274,444 | 174,468 | 110,859 | 147,728 | -174,418 | 185,617 | 54,238 | -50,498 | 56,544 | 73,409 | 149,142 |
Debtors | -181,949 | 1,029,697 | 222,482 | 648,024 | -335,193 | 346,059 | 497,652 | 149,478 | 14,010 | 240,168 | -442,919 | 253,173 | -178,194 | 950,905 |
Creditors | -410,544 | 541,405 | -433,050 | 352,741 | -133,560 | -50,029 | 434,782 | -814,593 | 215,053 | 246,446 | -565,108 | 324,881 | -458,581 | 1,561,981 |
Accruals and Deferred Income | -19,897 | -394,636 | 98,275 | 136,922 | 17,222 | 339,527 | 8,458 | 239,691 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -32,434 | 112,824 | 1,284 | -4,517 | -5,008 | 4,256 | -5,445 | 22,576 | 1,053 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -29,110 | 29,110 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -178,281 | 35,917 | 463,535 | -110,873 | -121,557 | -108,000 | -103,777 | 512,020 | -66,666 | -8,022 | -96,145 | -45,833 | -183,334 | 400,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -66,715 | 6,464 | 60,251 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -207,271 | 483,784 | -7,139 | -25,778 | -23,430 | 69,717 | 0 | -612,844 | -30,332 | -134,191 | -27,586 | -30,183 | 544,025 | 291,111 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -525 | 855 | 101 | -539 | 482 | -763 | 465 | -90 | 329 | 146 | -87 | 130 | -159 | 214 |
overdraft | 596,754 | 12,662 | -406,798 | 309,392 | -95,474 | 8,917 | 190,174 | 443,178 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -597,279 | -11,807 | 406,899 | -309,931 | 95,956 | -9,680 | -189,709 | -443,268 | 329 | 146 | -87 | 130 | -159 | 214 |
P&L
December 2022turnover
12.9m
+23%
operating profit
174.1k
0%
gross margin
17.5%
-3.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.7m
+0.03%
total assets
4.8m
-0.04%
cash
559
-0.48%
net assets
Total assets minus all liabilities
martec engineering group limited company details
company number
SC165315
Type
Private limited with Share Capital
industry
24100 - Manufacture of basic iron and steel and of ferro-alloys
incorporation date
May 1996
age
28
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
block 7, 20 clydesmill drive, cambuslang investment park, cambuslang, glasgow, G32 8RG
last accounts submitted
December 2022
martec engineering group 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 6 charges/mortgages relating to martec engineering group limited. Currently there are 3 open charges and 3 have been satisfied in the past.
martec engineering group limited Companies House Filings - See Documents
date | description | view/download |
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