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Mechatronics Systems Wales Ltd

12668376

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

C/O JTEKT AUTOMOTIVE UK LTD NEATH VALE SUPPLIER PARK, NEATH, SA11 4SP
Incorporated 13/06/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26110
Manufacture of electronic components

Officers

Mr Paul Anthony Mcnally

director · Since 12/03/2024

DIRECTOR/PRESIDENT

BRITISH · ENGLAND · Age 56

Also on 1 other board

Mitsuki Toyohara

director · Since 12/03/2024

PRESIDENT

JAPANESE · FRANCE · Age 52

Persons with Significant Control

Jtekt Automotive Uk Limited

75–100% shares
75–100% votes
Appoint directors

Neath Vale Supplier Park, Resolven, Neath, SA11 4SP

Reg: 03345292 · Companies House · Corporate

Notified 13/06/2020

CompanyRankvs 347+ SIC 26110 peers
61

Financial strength93th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.39× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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347Mechatronics Systems Wales Ltd
71
How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw your attention to note 21 in the financial statements, which indicates that the company has lost a significant part of its contract, with the remaining contract being transferred to its par

Key FinancialsYear ending 31/03/2023

Turnover

£10.9M

Annual revenue

Net Worth

£3.0M

Balance sheet strength

Cash

—

Cash in the bank

Profit Before Tax

-£109k

Bottom line earnings

Net Current Assets

—

Working capital

Current Assets

£4.3M

Current Liabilities

£3.1M

Debtors

£407k

Cost of Sales

£8.9M

Gross Profit

£2.0M

Admin Expenses

£2.1M

Operating Profit

-£30k

Profit After Tax

-£109k

60avg. employees+1

People Costs

Wages & salaries£1.5M
NI contributions£149k

Balance Sheet

Total assets£5.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20231.39+£0
20221.47+£0
20211.50—

Derived from filed accounts. Not audited figures.