Mechatronics Systems Wales Ltd
Registered name: MECHATRONICS SYSTEMS WALES LTD
Part of Jtekt Corporation groupMechatronics Systems Wales Ltd made £10.9m revenue and a £109k loss in the year to 31 Mar 2023.
Mechatronics Systems Wales Ltd’s revenue grew 1% to £10.9m in the year to 31 Mar 2023, with a loss of £109k and 60 employees. The company is classified under “manufacture of electronic components” and is based in Neath; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Neath, Wales
- Age
- 6 yrs · since 2020
- 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 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £10.8m | £10.9m |
| Cost of sales | £8.8m | £8.9m |
| Gross profit | £1.9m | £2m |
| Operating profit | −£379k | −£30k |
| Profit after tax | −£448k | −£109k |
| Profit (best available) | −£448k | −£109k |
| Staff costs | £1.7m | £1.8m |
| Employees (average) | 59 | 60 |
| Ratios | ||
| Profit margin | −4.2% | −1% |
| Gross margin | 17.9% | 18.3% |
| Revenue per employee | £183k | £182k |
| Profit per employee | −£7.6k | −£1.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲1.2% |
| Headcount growth | — | ▲1.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.4m | £1.1m |
| Net assets | £2.1m | £2m |
| Current assets | £3.7m | £4.3m |
| Debtors | £452k | £407k |
| Cash from operations | −£1.3m | £242k |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 |
How the business works
- Profit margin
- −1%
- Profit ÷ revenue.
- Gross margin
- 18.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £182k
- Revenue ÷ average employees.
- Profit per employee
- −£1.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.7%
- 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
- ▼5%
- Now £2m
- Cash at bank
- ▼18%
- Now £1.1m
- Headcount
- ▲2%
- Now 60
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Jtekt Corporation (registered outside the UK register)ultimate parent75–100%
- Jtekt Automotive UK Limited75–100%
- Mechatronics Systems Wales 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).
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Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit −£109k), from the Companies House accounts bulk data published Mar 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.