Mechatherm International Limited
Registered name: MECHATHERM INTERNATIONAL LIMITED
Part of Platinum Equity Holdings Ltd groupMechatherm International Limited made £23.4m revenue and a £3.3m loss in the year to 29 Feb 2024. read from filing text
Mechatherm International Limited’s revenue grew 161% to £23.4m in the year to 29 Feb 2024, with a loss of £3.3m and 79 employees. The company is classified under “manufacture of ovens, furnaces and furnace burners” and is based in Leeds; we hold 2 years of its filed accounts.
- Status
- In Administration
- Location
- Leeds, Yorkshire and The Humber
- Age
- 53 yrs · since 1973
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2023 | 29 Feb 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £9m | £23.4m |
| Cost of sales | £6m | £23.2m |
| Gross profit | £3m | £153k |
| Operating profit | £43.2k | −£3.4m |
| Profit before tax | £56.8k | −£3.3m |
| Profit after tax | £114k | −£3.3m |
| Profit (best available) | £114k | −£3.3m |
| Staff costs | £3.2m | £4.7m |
| Employees (average) | 71 | 79 |
| Ratios | ||
| Profit margin | 1.3% | −14% |
| Gross margin | 33.4% | 0.7% |
| Revenue per employee | £126k | £296k |
| Profit per employee | £1.6k | −£41.3k |
| Cash conversion | −15670% | — |
| Growth (year on year) | ||
| Revenue growth | — | ▲160.5% |
| Profit growth | — | ▼2969% |
| Headcount growth | — | ▲11.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £8.6m | £3.1m |
| Net assets | £2m | −£1.2m |
| Fixed assets | £52k | £1.1m |
| Current assets | £11.1m | £8.5m |
| Debtors | £474k | £794k |
| Deferred income | £6.9m | £3.1m |
| Cash from operations | −£6.8m | £4.5m |
| Source | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2025 |
How the business works
- Profit margin
- −14%
- Profit ÷ revenue.
- Gross margin
- 0.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £296k
- Revenue ÷ average employees.
- Profit per employee
- −£41.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 13.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼162%
- Now −£1.2m
- Cash at bank
- ▼64%
- Now £3.1m
- Headcount
- ▲11%
- Now 79
- Deferred income
- ▼55%
- Now £3.1m
- Fixed assets
- ▲2044%
- Now £1.1m
Group structure
Ownership chain
- Platinum Equity Holdings Ltdultimate parent75–100%
- Mechatherm International Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Carbolite Gero LimitedHope Valley · Manufacture of ovens, furnaces and furnace burners
- Revenue
- £23m
- Profit
- £2.1m
- Staff
- 165
- Therser (UK) LimitedStoke on Trent · Manufacture of ovens, furnaces and furnace burners
- Revenue
- £12.8m
- Profit
- £1.7m
- Staff
- 61
- Wykes Engineering Co. (Rushden) LimitedNR Rushden · Manufacture of ovens, furnaces and furnace burners
- Revenue
- £46.6m
- Profit
- £195k
- Staff
- —
Sources
Latest figures from FullAccounts for the year to 29 Feb 2024 (profit −£3.3m), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.