mccann homes (mk) ltd
mccann homes (mk) ltd Company Information
Company Number
07033708
Website
www.mccannhomes.co.ukRegistered Address
the coach house lower end road, wavendon, milton keynes, MK17 8AU
Industry
Development of building projects
Telephone
01908282523
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
james christopher mccann 60%
mrs emma mccann 40%
mccann homes (mk) ltd Estimated Valuation
Pomanda estimates the enterprise value of MCCANN HOMES (MK) LTD at £1.3m based on a Turnover of £2.6m and 0.48x industry multiple (adjusted for size and gross margin).
mccann homes (mk) ltd Estimated Valuation
Pomanda estimates the enterprise value of MCCANN HOMES (MK) LTD at £0 based on an EBITDA of £-135.5k and a 3.57x industry multiple (adjusted for size and gross margin).
mccann homes (mk) ltd Estimated Valuation
Pomanda estimates the enterprise value of MCCANN HOMES (MK) LTD at £6.9m based on Net Assets of £5.3m and 1.31x industry multiple (adjusted for liquidity).
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Mccann Homes (mk) Ltd Overview
Mccann Homes (mk) Ltd is a live company located in milton keynes, MK17 8AU with a Companies House number of 07033708. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2009, it's largest shareholder is james christopher mccann with a 60% stake. Mccann Homes (mk) Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.
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Mccann Homes (mk) Ltd Health Check
Pomanda's financial health check has awarded Mccann Homes (Mk) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £2.6m, make it in line with the average company (£2.3m)
- Mccann Homes (mk) Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (1.7%)
- Mccann Homes (mk) Ltd
1.7% - Industry AVG
Production
with a gross margin of 25.8%, this company has a comparable cost of product (25.8%)
- Mccann Homes (mk) Ltd
25.8% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (9.6%)
- Mccann Homes (mk) Ltd
9.6% - Industry AVG
Employees
with 10 employees, this is above the industry average (6)
10 - Mccann Homes (mk) Ltd
6 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
- Mccann Homes (mk) Ltd
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £263.4k, this is equally as efficient (£286.8k)
- Mccann Homes (mk) Ltd
£286.8k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (30 days)
- Mccann Homes (mk) Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (30 days)
- Mccann Homes (mk) Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 1065 days, this is more than average (166 days)
- Mccann Homes (mk) Ltd
166 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 117 weeks, this is more cash available to meet short term requirements (13 weeks)
117 weeks - Mccann Homes (mk) Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.6%, this is a lower level of debt than the average (75.1%)
34.6% - Mccann Homes (mk) Ltd
75.1% - Industry AVG
mccann homes (mk) ltd Credit Report and Business Information
Mccann Homes (mk) Ltd Competitor Analysis
Perform a competitor analysis for mccann homes (mk) ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mccann homes (mk) ltd Ownership
MCCANN HOMES (MK) LTD group structure
Mccann Homes (Mk) Ltd has 1 subsidiary company.
Ultimate parent company
MCCANN HOMES (MK) LTD
07033708
1 subsidiary
mccann homes (mk) ltd directors
Mccann Homes (Mk) Ltd currently has 3 directors. The longest serving directors include Mr James McCann (Oct 2009) and Mrs Emma McCann (Jan 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James McCann | England | 50 years | Oct 2009 | - | Director |
| Mrs Emma McCann | England | 45 years | Jan 2010 | - | Director |
| Mr Andrew Inchbald | 62 years | Jan 2010 | - | Director |
MCCANN HOMES (MK) LTD financials
Mccann Homes (Mk) Ltd's latest turnover from December 2022 is estimated at £2.6 million and the company has net assets of £5.3 million. According to their latest financial statements, Mccann Homes (Mk) Ltd has 10 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,958,718 | 5,839,201 | 0 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 6,825,623 | 4,989,065 | 3,586 | ||||||||||
| Gross Profit | 1,133,095 | 850,136 | -3,586 | ||||||||||
| Admin Expenses | 237,330 | 121,749 | 124,872 | ||||||||||
| Operating Profit | 895,765 | 728,387 | -128,458 | ||||||||||
| Interest Payable | 322,909 | 351,802 | 30,000 | ||||||||||
| Interest Receivable | 589 | 1,393 | 955 | ||||||||||
| Pre-Tax Profit | 573,445 | 377,978 | -157,503 | ||||||||||
| Tax | -118,976 | -77,003 | 0 | ||||||||||
| Profit After Tax | 454,469 | 300,975 | -157,503 | ||||||||||
| Dividends Paid | 183,333 | 50,000 | 0 | ||||||||||
| Retained Profit | 271,136 | 250,975 | -157,503 | ||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 10 | 10 | 11 | 10 | 10 | 9 | 7 | ||||||
| EBITDA* | 897,368 | 729,144 | -128,458 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 250,344 | 276,180 | 322,555 | 145,625 | 106,334 | 13,290 | 14,106 | 4,534 | 1,805 | 787 | 1,195 | 1,892 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 250,344 | 276,180 | 322,555 | 145,625 | 106,334 | 13,290 | 14,106 | 4,534 | 1,805 | 787 | 1,195 | 1,892 | 0 |
| Stock & work in progress | 5,708,390 | 1,472,841 | 6,296,055 | 5,424,380 | 7,131,523 | 8,409,806 | 5,256,721 | 6,982,270 | 7,183,471 | 6,388,816 | 1,820,562 | 4,342,713 | 2,392,940 |
| Trade Debtors | 64,254 | 22,280 | 49,990 | 0 | 130,742 | 0 | 0 | 0 | 47,170 | 110,470 | 30,902 | 139,963 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 610,579 | 492,795 | 598,086 | 253,562 | 137,042 | 407,622 | 97,687 | 96,984 | 124,093 | 0 | 0 | 27,367 | 79,580 |
| Cash | 1,478,282 | 4,684,257 | 2,771,585 | 1,476,816 | 1,818,205 | 525,908 | 129,081 | 137,809 | 230,575 | 260,170 | 60,590 | 47,028 | 318,024 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,861,505 | 6,672,173 | 9,715,716 | 7,154,758 | 9,217,512 | 9,343,336 | 5,483,489 | 7,217,063 | 7,585,309 | 6,759,456 | 1,912,054 | 4,557,071 | 2,790,544 |
| total assets | 8,111,849 | 6,948,353 | 10,038,271 | 7,300,383 | 9,323,846 | 9,356,626 | 5,497,595 | 7,221,597 | 7,587,114 | 6,760,243 | 1,913,249 | 4,558,963 | 2,790,544 |
| Bank overdraft | 236,693 | 122,738 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 1,289,603 | 913,068 | 2,680,252 | 2,039,342 | 476,599 | 1,765,234 | 973,352 | 0 | 0 | 0 | 0 |
| Trade Creditors | 214,558 | 621,781 | 803,035 | 420,443 | 732,461 | 548,394 | 505,376 | 595,004 | 551,931 | 5,144,212 | 1,533,624 | 4,812,192 | 204,977 |
| Group/Directors Accounts | 0 | 0 | 0 | 396,264 | 241,696 | 113,464 | 105,074 | 132,172 | 207,743 | 0 | 0 | 0 | 602,256 |
| other short term finances | 0 | 0 | 0 | 2,006,944 | 2,006,944 | 4,206,944 | 2,152,169 | 2,438,050 | 3,898,250 | 0 | 0 | 0 | 2,130,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 200,272 | 564,715 | 3,504,749 | 190,768 | 398,387 | 318,950 | 442,953 | 1,081,995 | 1,018,832 | 0 | 0 | 0 | 10,714 |
| total current liabilities | 651,523 | 1,309,234 | 5,597,387 | 3,927,487 | 6,059,740 | 7,227,094 | 3,682,171 | 6,012,455 | 6,650,108 | 5,144,212 | 1,533,624 | 4,812,192 | 2,947,947 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 132,445 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 2,129,207 | 116,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 930,000 | 0 | 0 | 0 |
| provisions | 21,744 | 127,934 | 27,500 | 5,750 | 2,500 | 1,000 | 1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,150,951 | 244,149 | 159,945 | 5,750 | 2,500 | 1,000 | 1,000 | 1,000 | 0 | 930,000 | 0 | 0 | 0 |
| total liabilities | 2,802,474 | 1,553,383 | 5,757,332 | 3,933,237 | 6,062,240 | 7,228,094 | 3,683,171 | 6,013,455 | 6,650,108 | 6,074,212 | 1,533,624 | 4,812,192 | 2,947,947 |
| net assets | 5,309,375 | 5,394,970 | 4,280,939 | 3,367,146 | 3,261,606 | 2,128,532 | 1,814,424 | 1,208,142 | 937,006 | 686,031 | 379,625 | -253,229 | -157,403 |
| total shareholders funds | 5,309,375 | 5,394,970 | 4,280,939 | 3,367,146 | 3,261,606 | 2,128,532 | 1,814,424 | 1,208,142 | 937,006 | 686,031 | 379,625 | -253,229 | -157,403 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 895,765 | 728,387 | -128,458 | ||||||||||
| Depreciation | 40,850 | 51,254 | 35,532 | 12,550 | 9,088 | 6,267 | 4,293 | 1,603 | 757 | 808 | 697 | 208 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -118,976 | -77,003 | 0 | ||||||||||
| Stock | 4,235,549 | -4,823,214 | 871,675 | -1,707,143 | -1,278,283 | 3,153,085 | -1,725,549 | -201,201 | 794,655 | 4,568,254 | -2,522,151 | 1,949,773 | 2,392,940 |
| Debtors | 159,758 | -133,001 | 394,514 | -14,222 | -139,838 | 309,935 | 703 | -74,279 | 60,793 | 79,568 | -136,428 | 87,750 | 79,580 |
| Creditors | -407,223 | -181,254 | 382,592 | -312,018 | 184,067 | 43,018 | -89,628 | 43,073 | -4,592,281 | 3,610,588 | -3,278,568 | 4,607,215 | 204,977 |
| Accruals and Deferred Income | -364,443 | -2,940,034 | 3,313,981 | -207,619 | 79,437 | -124,003 | -639,042 | 63,163 | 1,018,832 | 0 | 0 | -10,714 | 10,714 |
| Deferred Taxes & Provisions | -106,190 | 100,434 | 21,750 | 3,250 | 1,500 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,161,108 | -3,776,756 | -2,385,287 | ||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | -1,289,603 | 376,535 | -1,767,184 | 640,910 | 1,562,743 | -1,288,635 | 791,882 | 973,352 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -396,264 | 154,568 | 128,232 | 8,390 | -27,098 | -75,571 | 207,743 | 0 | 0 | -602,256 | 602,256 |
| Other Short Term Loans | 0 | 0 | -2,006,944 | 0 | -2,200,000 | 2,054,775 | -285,881 | -1,460,200 | 3,898,250 | 0 | 0 | -2,130,000 | 2,130,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -132,445 | 132,445 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 2,012,992 | 116,215 | 0 | 0 | 0 | 0 | 0 | 0 | -930,000 | 930,000 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -322,320 | -350,409 | -29,045 | ||||||||||
| cash flow from financing | -1,066,209 | 3,798,936 | 2,703,311 | ||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -3,205,975 | 1,912,672 | 1,294,769 | -341,389 | 1,292,297 | 396,827 | -8,728 | -92,766 | -29,595 | 199,580 | 13,562 | -270,996 | 318,024 |
| overdraft | 113,955 | 122,738 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,319,930 | 1,789,934 | 1,294,769 | -341,389 | 1,292,297 | 396,827 | -8,728 | -92,766 | -29,595 | 199,580 | 13,562 | -270,996 | 318,024 |
P&L
December 2022turnover
2.6m
-6%
operating profit
-176.4k
0%
gross margin
25.8%
+7.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.3m
-0.02%
total assets
8.1m
+0.17%
cash
1.5m
-0.68%
net assets
Total assets minus all liabilities
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mccann homes (mk) ltd company details
company number
07033708
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
September 2009
age
15
accounts
Group
ultimate parent company
previous names
christopher james homes limited (December 2011)
incorporated
UK
address
the coach house lower end road, wavendon, milton keynes, MK17 8AU
last accounts submitted
December 2022
mccann homes (mk) ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 16 charges/mortgages relating to mccann homes (mk) ltd. Currently there are 1 open charges and 15 have been satisfied in the past.
mccann homes (mk) ltd Companies House Filings - See Documents
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