Mechatronics Systems Wales Ltd
12668376
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
full
Next accounts due
31/12/2026
Confirmation statement
Last: 03/06/2026
Due 17/06/2027
Industry
Officers
Mr Mike Hemsley
director · Since 01/07/2026
BRITISH · WALES · Age 47
Former
secretary · Resigned 28/07/2022
director · Resigned 14/05/2024
director · Resigned 01/07/2026
director · Resigned 01/07/2026
Persons with Significant Control
Jtekt Automotive Uk Limited
Neath Vale Supplier Park, Resolven, Neath, SA11 4SP
Reg: 03345292 · Companies House · Corporate
Notified 13/06/2020
Change History
Active
Private Limited Company
C/O JTEKT AUTOMOTIVE UK LTD NEATH VALE SUPPLIER PARK
NEATH
CompanyRankvs 345+ SIC 26110 peers61
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 1.39 |
Derived from filed accounts. Not audited figures.