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Company No. 03840106 · Incorporated 13 Sep 1999

Metaltech Precision Ltd

Registered name: METALTECH PRECISION LTD

Part of Expromet Technologies Group Limited group

Metaltech Precision Ltd made £7.3m revenue and £38.7k profit in the year to 31 Dec 2023.

Metaltech Precision Ltd’s revenue grew 9% to £7.3m in the year to 31 Dec 2023, with £38.7k profit and 67 employees. The company is classified under “machining” and is based in Ilfracombe; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25620Machining
Status
Active
Location
Ilfracombe, South West
Age
27 yrs · since 1999
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.

Latest accounts · year to 31 Dec 2023

Key figures

Revenue
£7.3m
Growth ▲8.8%
Profit
£38.7k
Growth —
Profit margin
0.5%
Gross 32.9%
Employees
67
Change 0%
Profit / employee
£578
Revenue/employee £109k
Profitable streak
1yr
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£6.7m£7.3m
Cost of sales£5m£4.9m
Gross profit£1.7m£2.4m
Operating profit£116k£108k
Profit before tax£64k£38.2k
Profit after tax−£96k£38.7k
Profit (best available)−£96k£38.7k
Staff costs£2.5m£2.5m
Employees (average)6767
Ratios
Profit margin−1.4%0.5%
Gross margin25.4%32.9%
Revenue per employee£99.8k£109k
Profit per employee−£1.4k£578
Growth (year on year)
Revenue growth—▲8.8%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank£73.6k£30.5k
Net assets£3.8m£3.9m
Fixed assets£3.6m£3m
Current assets£5m£5.2m
Debtors£1.3m£1.5m
Deferred income£255k£154k
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024
Derived from the latest filing

How the business works

Profit margin
0.5%
Profit ÷ revenue.
Gross margin
32.9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£109k
Revenue ÷ average employees.
Profit per employee
£578
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
41.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
20.6%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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
▲1%
Now £3.9m
Cash at bank
▼58%
Now £30.5k
Headcount
0%
Now 67
Deferred income
▼40%
Now £154k
Fixed assets
▼15%
Now £3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Expromet Technologies Group Limitedultimate parent75–100%
  2. MPL Holdings (SW) Limited75–100%
  3. Metaltech Precision Ltdthis 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).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £38.7k), from the Companies House accounts bulk data published Sep 2024. 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.