Mec Com Limited in Stafford, ST18 0PF

Description

Data updated on: 01-11-2023

This Mec Com Limited business has been operating in this business for 24 years, having started in 2000. Started with Registered No. 03954360, Mec is categorised as a Private Limited Company with office in Units 15 A-c Airfield Industrial Estate, Stafford ST18 0PF. The firm has a history in business name changes. Previously this company had two other names. Until 2004 this company was prospering as Ai Mec and up to that point its official company name was Ingleby (1296). The enterprise's declared SIC number is 25990, that means Manufacture of other fabricated metal products n.e.c.. Its most recent accounts cover the period up to 31st December 2022 and the most current annual confirmation statement was released on 30th November 2022.

On July 28, 2015, the corporation was recruiting a Quality Inspector to fill a full time vacancy in Stafford, Midlands. They offered a full time job with salary from £13650 to £15600 per year. The offered job required no experience and a CSE or its equivalent. Candidates for the post were asked to or call the corporation on the following phone number: 01889 272143including reference code QUALINSP1.

In order to satisfy its clients, the business is consistently developed by a number of two directors who are Richard B. and Nicholas L.. Their mutual commitment has been of utmost use to this specific business for 19 years. To provide support to the directors, this specific business has been utilizing the skillset of Nicholas L. as a secretary since 2005.

Previous company's names
Mec Com Limited 2004-12-24
Ai Mec Com Limited 2000-08-16
Ingleby (1296) Limited 2000-03-22

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	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	118 762	254 500	228 257	52 469	210 803	140 990	209 754	335 700
Current Assets	4 434 353	5 017 245	5 267 809	6 345 528	5 811 155	5 105 679	5 994 337	6 095 857
Debtors	2 131 827	2 612 493	2 415 839	3 124 083	2 311 059	1 909 465	2 791 626	2 214 257
Net Assets Liabilities	1 055 511	1 643 079	2 527 324	2 774 764	2 619 665	2 801 732	2 732 240	2 904 426
Other Debtors	13 020	69 367	24 322	27	28 521	43 012	816 018	467 865
Property Plant Equipment	661 876	1 022 360	1 604 222	1 410 523	1 220 919	950 543	589 427	338 523
Total Inventories	2 183 764	2 150 252	2 623 713	3 168 976	3 289 293	3 055 224	2 992 957	3 545 900

Other Financial Data
Audit Fees Expenses	15 860	15 963	16 300	16 500	16 500	16 500	17 325	17 675
Company Contributions To Money Purchase Plans Directors			248 600
Director Remuneration	34 552	32 647	32 057	33 535	33 075	33 564	32 228	29 369
Dividend Recommended By Directors		236 564	376 625	447 705	383 553	305 322	292 155	199 223
Number Directors Accruing Benefits Under Money Purchase Scheme			2
Accrued Liabilities	78 379	157 374	97 001	162 269	231 097	210 357	77 289	92 515
Accumulated Depreciation Impairment Property Plant Equipment	3 035 582	3 304 955	3 605 406	3 977 457	4 307 083	3 945 521	4 319 637	4 560 723
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		20 217	28 904	-10 282	5 316	23 168	-47 594	-28 019
Administrative Expenses	1 865 292	2 060 177	2 763 712	2 680 942	2 421 067	2 014 403	2 169 821	2 206 555
Applicable Tax Rate	20	20	19	19	19	19	19	19
Average Number Employees During Period	121	150	169	139	113	102	103	104
Bank Borrowings	7 778			118 809	872 532	467 461	1 137 066	1 360 457
Bank Borrowings Overdrafts	264 250			118 809	875 019	530 379	1 137 066	1 515 442
Bank Overdrafts	256 472				2 487	62 918		154 985
Cash Cash Equivalents Cash Flow Value	-137 710	254 500		52 469	208 316	78 072	209 754	180 715
Comprehensive Income Expense	458 861	824 132	1 260 870	695 145	228 454	487 389	222 663	371 409
Corporation Tax Payable	167 222	182 392	209 490	279 495	72 488	42 447	76 086	67 853
Cost Sales	9 240 599	10 279 595	13 720 144	12 493 615	10 280 958	10 759 598	10 574 663	11 668 259
Creditors	20 151	331 688	502 112	266 478	59 759	136 689	56 540	3 510 201
Current Tax For Period	114 808	172 546	215 066	147 417	-28 521	42 447	43 414	41 313
Depreciation Amortisation Expense	249 974	269 373	321 081	372 052	385 626	384 986	389 635	268 397
Depreciation Expense Property Plant Equipment	236 860	238 219	202 310	189 718	165 940	124 520	321 473	216 187
Disposals Decrease In Depreciation Impairment Property Plant Equipment			20 629		56 000	746 548	15 519	27 311
Disposals Property Plant Equipment			20 629		56 000	866 790	15 519	27 634
Distribution Costs	444 670	371 329	396 451	356 632	226 209	202 421	190 094	172 628
Dividends Paid	192 643	236 564	376 625	447 705	383 553	305 322	292 155	199 223
Dividends Paid On Shares	192 643	236 564	376 625	447 705	383 553	305 322	292 155	199 223
Dividends Paid On Shares Interim	86 271	101 197	172 975	186 253	160 635	121 467	113 289	77 630
Finance Lease Liabilities Present Value Total	20 151	331 688	502 112	266 478	59 759	93 190	78 065	56 540
Finance Lease Payments Owing Minimum Gross	36 058	261 379	421 825	603 520	395 713	98 927	81 571	57 398
Further Item Cash Flow From Used In Investing Activities Component Net Cash Flows From Used In Investing Activities		48 500
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities	-192 643	-236 564	-376 625	-447 705	-383 552	-305 322	-292 156	-199 223
Further Item Interest Expense Component Total Interest Expense	49 389	45 460	16 829	33 921	50 108	49 020	33 105	67 993
Further Operating Expense Item Component Total Operating Expenses	168 251	186 309	-267 156	231 789	-27 933	153 846	252 328	242 915
Future Finance Charges On Finance Leases	1 775	8 104	14 750	30 097	15 927	5 737	3 506	858
Future Minimum Lease Payments Under Non-cancellable Operating Leases	176 425	101 375	239 289	226 355	238 268	255 378	253 203	257 504
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-6 484		267 156	-99 907	-132 897	91 409	-27 191	-104 671
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-85 873	87 304	-381 932	941 505	-173 276	-815 618	524 637	-373 563
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	275 371	-480 666	196 654	-708 244	813 024	444 996	-109 545	220 066
Gain Loss On Disposal Assets Income Statement Subtotal			7 500		21 850	159 302	8 300	7 427
Gain Loss On Disposals Property Plant Equipment			7 500		21 850	159 302	8 300	7 427
Gross Profit Loss	2 924 782	3 350 715	4 376 828	3 684 208	2 806 988	2 586 676	2 540 214	2 798 083
Income Taxes Paid Refund Classified As Operating Activities	-11 592	-157 376	-187 969	54 517	-106 197	-105 204	43 403	-31 965
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-125 755	392 210	-26 243	-175 788	155 847	-130 244	131 682	-29 039
Increase Decrease In Current Tax From Adjustment For Prior Periods		-15 423	-48 857	-131 929	-72 289	-14 881
Increase Decrease In Property Plant Equipment		545 000	619 800	75 293	148 356	189 301
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	565 801	-33 512	473 461	545 263	120 317	-234 069	-62 267	552 943
Increase From Depreciation Charge For Year Property Plant Equipment		269 373	321 080	372 051	385 626	384 986	389 635	268 397
Interest Expense On Bank Loans Similar Borrowings	5 784	964
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	5 508	2 987	11 154	15 291	16 904	13 912	4 153	3 785
Interest Paid Classified As Operating Activities	-55 173	-46 424	-16 829	-33 921	-50 108	-49 020	-33 105	-67 993
Interest Payable Similar Charges Finance Costs	60 681	49 411	27 983	49 212	67 012	62 932	37 258	71 778
Issue Equity Instruments	-440	-220
Merchandise	1 023 896	891 461	1 010 392	1 643 194	2 017 450	1 643 933	1 616 571	2 142 843
Net Cash Flows From Used In Financing Activities	251 360	103 911	469 649	463 109	344 755	336 421	911 292	-290 563
Net Cash Flows From Used In Investing Activities	126 365	36 357	151 682	79 892	25 816	10 551	-224 325	10 066
Net Cash Flows From Used In Operating Activities	-251 970	-532 478	-595 088	-367 213	-526 418	-216 728	-818 649	309 536
Net Cash Generated From Operations	-516 886	-975 829	-1 187 665	-809 613	-1 083 179	-690 186	-1 104 660	6 570
Net Current Assets Liabilities	441 829	1 000 667	1 502 378	1 697 601	1 530 703	2 083 244	2 247 125	2 585 656
Number Shares Issued Fully Paid		340	120	120	120	120	120	120
Operating Profit Loss	643 215	1 066 306	1 532 823	749 563	199 972	601 055	245 966	438 900
Other Creditors	77 170	19 767	28 520	21 364	31 988	31 935	33 227	15 343
Other Deferred Tax Expense Credit	8 865	20 217	28 904	-10 282	5 316	23 168	-47 594	-28 019
Other Operating Income Format1	28 395	147 097	316 158	102 929	40 260	231 203	65 667	20 000
Other Taxation Social Security Payable	63 385	85 473	120 207	95 724	72 054	50 223	71 936	66 781
Par Value Share		1	1	1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-117 463	-62 971	-419 536	-434 224	-344 770	-336 432	-95 274	-78 065
Payments To Redeem Own Shares	-95 000	-70 000
Pension Other Post-employment Benefit Costs Other Pension Costs	19 524	24 487	288 253	62 265	70 039	67 172	123 786	86 669
Prepayments Accrued Income	58 100	79 491	106 986	136 881	76 210	96 694	86 289	89 142
Proceeds From Sales Property Plant Equipment			-7 500		-21 850	-35 000	-252 844	-7 750
Profit Loss	458 861	824 132	1 260 870	695 145	228 454	487 389	222 663	371 409
Profit Loss On Ordinary Activities Before Tax	582 534	1 016 895	1 504 840	700 351	132 960	538 123	208 708	367 122
Property Plant Equipment Gross Cost	3 697 458	4 327 315	5 209 628	5 387 980	5 528 002	4 896 064	4 909 064	4 899 246
Provisions	28 043	48 260	77 164	66 882	72 198	95 366	47 772	19 753
Provisions For Liabilities Balance Sheet Subtotal	28 043	48 260	77 164	66 882	72 198	95 366	47 772	19 753
Purchase Property Plant Equipment	-126 365	-84 857	-159 182	-79 892	-47 666	-45 551	-28 519	-17 816
Repayments Borrowings Classified As Financing Activities	-46 667	-7 778
Social Security Costs	185 610	222 639	283 247	253 200	213 722	207 342	219 636	246 494
Staff Costs Employee Benefits Expense	2 662 106	3 300 051	4 255 719	3 444 970	2 926 600	2 821 323	2 944 976	3 222 853
Tax Expense Credit Applicable Tax Rate	116 507	203 379	285 920	133 067	25 262	102 243	39 655	69 753
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	5 878	4 807	3 512	4 068	1 533	1 372	1 165	-1 200
Tax Increase Decrease From Other Tax Effects Tax Reconciliation			3 395
Tax Tax Credit On Profit Or Loss On Ordinary Activities	123 673	192 763	243 970	5 206	-95 494	50 734	-13 955	-4 287
Total Additions Including From Business Combinations Property Plant Equipment		629 857	902 942	178 352	196 022	234 852	28 519	17 816
Total Assets Less Current Liabilities	1 103 705	2 023 027	3 106 600	3 108 124	2 751 622	3 033 787	2 836 552	2 924 179
Total Borrowings	2 084 643	2 336 263	1 969 198	2 791 650	2 890 484	530 379	1 137 066	1 515 442
Total Current Tax Expense Credit			215 066	15 488	-100 810	27 566	33 639	23 732
Total Operating Lease Payments	21 205	32 673	31 713	29 420	34 603	29 424	28 085	33 400
Trade Creditors Trade Payables	1 498 512	1 486 795	1 813 038	1 503 111	944 904	822 572	1 217 068	962 477
Trade Debtors Trade Receivables	2 060 707	2 463 635	2 284 531	2 987 175	2 206 328	1 769 759	1 889 319	1 657 250
Turnover Revenue	12 165 381	13 630 310	18 096 972	16 177 823	13 087 946	13 346 274	13 114 877	14 466 342
Wages Salaries	2 456 972	3 052 925	3 684 219	3 129 505	2 642 839	2 546 809	2 601 554	2 889 690
Work In Progress	1 159 868	1 258 791	1 613 321	1 525 782	1 271 843	1 411 291	1 376 386	1 403 057
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities							816 018	-357 303