Migatronic Welding Equipment Limited in Loughborough, LE11 5XS

Description

Data updated on: 01-11-2023

This firm referred to as Migatronic Welding Equipment was founded on 1978-02-08 as a Private Limited Company. The enterprise's head office can be gotten hold of in Loughborough on 21 Jubilee Drive, Belton Park. Assuming you need to get in touch with the firm by mail, its zip code is LE11 5XS. The office registration number for Migatronic Welding Equipment Limited is 01352109. The enterprise's principal business activity number is 46900, that means Non-specialised wholesale trade. Saturday 31st December 2022 is the last time when the company accounts were reported.

According to the official data, this specific company is led by a solitary director: Kristian M., who was appointed in December 2020. For 5 years Niels J., had been functioning as a director for this company until the resignation four years ago. As a follow-up another director, specifically Anders J. quit 9 years ago.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	35 639	15 183	90 765	53 060	122 611	115 074	97 076
Current Assets	409 586	523 383	447 944	443 211	565 826	602 355	792 866
Debtors	275 243	373 851	249 152	308 257	353 770	359 316	423 761
Net Assets Liabilities	-15 590	-89 723	394 747	411 961	431 899	299 962	268 165
Property Plant Equipment	61 693	32 203	20 371	32 696	25 073	17 722	10 862
Total Inventories	98 704	134 349	108 027	81 894	89 445	127 965	272 029

Other Financial Data
Audit Fees Expenses	5 000	5 150
Accumulated Depreciation Impairment Property Plant Equipment	75 754	78 757	90 589	60 553	68 176	75 527	82 387
Additions Other Than Through Business Combinations Property Plant Equipment				34 300
Amounts Owed By Related Parties			56 919	165 418
Amounts Owed To Related Parties	397 613	543 946
Applicable Tax Rate	20	20	19	19
Average Number Employees During Period					2	4	6
Balances With Banks	35 639	15 183	90 765	53 060
Cash Cash Equivalents Cash Flow Value		35 639	15 183	90 765
Comprehensive Income Expense	-80 608	-74 133	-50 530	17 214
Consideration Received For Shares Issued In Period			535 000
Creditors	486 869	645 309	73 568	63 946	159 000	320 115	535 563
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	15 493	11 890	5 471
Depreciation Amortisation Expense	16 638	17 130	11 832	10 904
Depreciation Expense Property Plant Equipment	16 638	17 130	11 832
Disposals Decrease In Depreciation Impairment Property Plant Equipment		-14 127		-40 940
Disposals Property Plant Equipment		-26 487		-52 011
Distribution Average Number Employees	4	4	3	2
Financial Assets	310 167	387 666	334 552	360 566
Financial Liabilities	435 077	584 092	29 900	35 770
Finished Goods Goods For Resale	98 704	134 349	108 027	81 894
Future Minimum Lease Payments Under Non-cancellable Operating Leases			1 664	1 347
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		-158 440	571 741	9 622
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		98 608	-124 699	59 105
Gain Loss In Cash Flows From Change In Inventories		35 645	-26 322	-26 133
Gain Loss On Disposals Property Plant Equipment		2 865		-2 071
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		-20 456	75 582	-37 705
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	43 652	35 645	-26 322	-26 133
Increase From Depreciation Charge For Year Property Plant Equipment		17 130	11 832	10 904		7 351	6 860
Interest Paid Classified As Financing Activities		-15 487	-18 226
Interest Paid Classified As Operating Activities		15 487	18 226
Interest Payable Similar Charges Finance Costs	7 544	15 989	-18 659	-220
Interest Received Classified As Investing Activities				7 204
Interest Received Classified As Operating Activities				7 204
Issue Equity Instruments			535 000	535 000
Minimum Operating Lease Payments Recognised As Expense			158	317
Net Cash Flows From Used In Financing Activities		-15 487	516 774
Net Cash Flows From Used In Investing Activities				-18 096
Net Cash Flows From Used In Operating Activities		-20 194	-441 192	-19 609
Net Cash Inflow Outflow From Operations Before Movements In Working Capital		-44 381	-20 189	22 985
Net Current Assets Liabilities	-77 283	-121 926	374 376	379 265	406 826	282 240	257 303
Nominal Value Allotted Share Capital			535 000
Number Shares Issued Fully Paid	301 000	301 000
Number Shares Issued In Period- Gross			535 000
Operating Profit Loss	-73 064	-58 144	-31 588
Other Creditors	6 679	18 021	11 930	25 025
Other Interest Receivable Similar Income Finance Income				7 204
Other Operating Expenses Format2	145 998	137 418	152 100	109 329
Other Payables Accrued Expenses	7 300	8 555	11 653	9 233
Par Value Share		1
Pension Costs Defined Contribution Plan	6 762	6 312	2 446	2 432
Prepayments	715	1 368	5 365	751
Proceeds From Issuing Shares			535 000
Proceeds From Sales Property Plant Equipment		15 225		9 000
Profit Loss	-80 608	-74 133	-50 530	17 214
Profit Loss On Ordinary Activities Before Tax	-80 608	-74 133	-50 530	17 214
Property Plant Equipment Gross Cost	137 447	110 960	110 960	93 249	93 249	93 249	93 249
Purchase Property Plant Equipment				-34 300
Raw Materials Consumables Used	719 810	919 924	722 602	502 925
Redundancy Costs		6 915
Revenue From Sale Goods	959 383	1 187 117	1 007 871	757 717
Social Security Costs	13 634	18 596	9 902	5 520
Staff Costs Employee Benefits Expense	193 653	206 434	126 886	98 196
Taxation Social Security Payable	51 792	59 501	42 008	26 009
Tax Expense Credit Applicable Tax Rate	-16 122	-14 827	-9 601	3 271
Tax Increase Decrease From Changes In Pension Fund Prepayment	-886	-78	-6
Tax Increase Decrease From Effect Capital Allowances Depreciation	1 255	2 180	1 720	-4 175
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	260	835	2 416	62
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward			5 471	537
Tax Increase Decrease From Other Short-term Timing Differences			-6	305
Total Operating Lease Payments	2 724	300	125
Trade Creditors Trade Payables	21 826	13 570	6 317	1 512
Trade Debtors Trade Receivables	274 528	372 483	186 868	142 088
Turnover Revenue	959 383	1 187 117	1 007 871	757 717
Unpaid Contributions To Pension Schemes	1 659	1 716	1 660	2 167
Wages Salaries	173 257	174 611	114 538	90 244

Company staff

Kristian M.

Role: Director

Appointed: 15 December 2020

Latest update: 2 April 2024

Niels J.

Role: Director

Appointed: 30 September 2015

Resigned: 15 December 2020

Latest update: 2 April 2024

Anders J.

Role: Director

Appointed: 13 November 2014

Resigned: 30 September 2015

Latest update: 2 April 2024

Stephen M.

Role: Secretary

Appointed: 19 September 1997

Resigned: 12 March 2009

Latest update: 2 April 2024

Soeren A.

Role: Secretary

Appointed: 31 December 1994

Resigned: 19 September 1997

Latest update: 2 April 2024

Brian H.

Role: Secretary

Appointed: 20 March 1993

Resigned: 31 December 1994

Latest update: 2 April 2024

Peter R.

Role: Director

Appointed: 20 March 1993

Resigned: 13 November 2014

Latest update: 2 April 2024

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	03 April 2024
Confirmation statement last made up date	20 March 2023

Annual Accounts
Start Date For Period Covered By Report	2017-01-01
End Date For Period Covered By Report	2017-12-31
Annual Accounts
Start Date For Period Covered By Report	2018-01-01
End Date For Period Covered By Report	2018-12-31
Annual Accounts
Start Date For Period Covered By Report	2019-01-01
End Date For Period Covered By Report	2019-12-31
Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	2021-12-31
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	2022-12-31

Migatronic Welding Equipment Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Kristian M.

Niels J.

Anders J.

Stephen M.

Soeren A.

Brian H.

Peter R.

Accounts Documents

Company filings

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