mckay securities limited

mckay securities limited Company Information

Share MCKAY SECURITIES LIMITED
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MatureLargeDeclining

Company Number

00421479

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Shareholders

workspace group plc

Group Structure

View All

Contact

Registered Address

canterbury court, kennington park, london, SW9 6DE

mckay securities limited Estimated Valuation

£127.3m

Pomanda estimates the enterprise value of MCKAY SECURITIES LIMITED at £127.3m based on a Turnover of £24.3m and 5.23x industry multiple (adjusted for size and gross margin).

mckay securities limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MCKAY SECURITIES LIMITED at £0 based on an EBITDA of £-32.6m and a 10.34x industry multiple (adjusted for size and gross margin).

mckay securities limited Estimated Valuation

£260.7m

Pomanda estimates the enterprise value of MCKAY SECURITIES LIMITED at £260.7m based on Net Assets of £152.5m and 1.71x industry multiple (adjusted for liquidity).

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Mckay Securities Limited Overview

Mckay Securities Limited is a live company located in london, SW9 6DE with a Companies House number of 00421479. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 1946, it's largest shareholder is workspace group plc with a 100% stake. Mckay Securities Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.3m with declining growth in recent years.

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Mckay Securities Limited Health Check

Pomanda's financial health check has awarded Mckay Securities Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £24.3m, make it larger than the average company (£917k)

£24.3m - Mckay Securities Limited

£917k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.9%)

-5% - Mckay Securities Limited

4.9% - Industry AVG

production

Production

with a gross margin of 64.9%, this company has a comparable cost of product (75.3%)

64.9% - Mckay Securities Limited

75.3% - Industry AVG

profitability

Profitability

an operating margin of -134.3% make it less profitable than the average company (29.8%)

-134.3% - Mckay Securities Limited

29.8% - Industry AVG

employees

Employees

with 138 employees, this is above the industry average (4)

138 - Mckay Securities Limited

4 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Mckay Securities Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £176.3k, this is equally as efficient (£177.5k)

£176.3k - Mckay Securities Limited

£177.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 67 days, this is later than average (31 days)

67 days - Mckay Securities Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (38 days)

20 days - Mckay Securities Limited

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mckay Securities Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Mckay Securities Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 43.3%, this is a lower level of debt than the average (63.6%)

43.3% - Mckay Securities Limited

63.6% - Industry AVG

MCKAY SECURITIES LIMITED financials

EXPORTms excel logo

Mckay Securities Limited's latest turnover from March 2024 is £24.3 million and the company has net assets of £152.5 million. According to their latest financial statements, we estimate that Mckay Securities Limited has 138 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover24,326,10627,106,63027,322,00028,589,00029,296,00025,417,00026,292,00025,760,00023,689,00021,409,00016,897,00020,053,00020,888,00019,636,00019,988,000
Other Income Or Grants00401,000157,00069,0000000000000
Cost Of Sales8,541,3619,188,0827,304,0007,112,0007,384,0006,321,0005,838,0005,888,0006,686,2836,487,0004,110,0005,680,0006,899,0004,893,0006,242,693
Gross Profit15,784,74517,918,54820,419,00021,634,00021,981,00019,096,00020,454,00019,872,00017,002,71714,922,00012,787,00014,373,00013,989,00014,743,00013,745,307
Admin Expenses48,459,078102,772,441-21,088,00031,874,0005,694,0001,412,000-24,507,000-1,822,000-38,453,283-37,337,000-18,847,000-1,048,0003,269,0003,157,000-4,672,693
Operating Profit-32,674,333-84,853,89341,507,000-10,240,00016,287,00017,684,00044,961,00021,694,00055,456,00052,259,00031,634,00015,421,00010,720,00011,586,00018,418,000
Interest Payable3,084,7298,907,6276,247,0006,351,0007,356,0006,135,00020,100,00011,040,0004,478,00020,469,0006,651,00011,859,00022,533,0006,668,0002,320,000
Interest Receivable277,55358,8801,0008,000556,0001,641,00018,581,0007,321,0002,182,00032,0005,00012,000148,0007,9905,497,000
Pre-Tax Profit-35,481,509-94,308,92035,261,000-16,583,0009,487,00013,190,00043,442,00017,594,00053,160,00033,282,00038,290,0001,745,000-11,560,0004,497,00015,382,000
Tax-5,935-21,800143,000133,000-1,392,0000000000000
Profit After Tax-35,487,444-94,330,72035,404,000-16,450,0008,095,00013,190,00043,442,00017,594,00053,160,00033,282,00038,290,0001,745,000-11,560,0004,497,00015,382,000
Dividends Paid007,772,0006,790,0009,604,0009,400,0008,541,0008,216,0008,061,0007,910,0003,900,00003,808,0003,758,0005,586,000
Retained Profit-35,487,444-94,330,72027,632,000-23,240,000-1,509,0003,790,00034,901,0009,378,00045,099,00025,372,00034,390,0001,745,000-16,221,000739,0009,796,000
Employee Costs03,764,7555,175,0004,086,0002,232,0002,127,0002,212,0003,451,0001,614,0003,956,0002,705,0002,400,0002,336,0002,317,0003,035,000
Number Of Employees13811201819201918165161414141818
EBITDA*-32,630,091-84,825,81541,562,000-10,193,00016,337,00017,730,00044,995,00021,726,00055,456,00052,303,00031,649,00015,437,00010,735,00011,594,00018,440,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets124,648151,931470,236,000428,208,000431,531,000474,741,000451,841,000427,625,000399,137,000351,060,000252,658,000211,792,000215,123,000209,257,000207,216,000
Intangible Assets000000000000000
Investments & Other201,273,698265,249,208462,705,000420,680,000424,401,000464,378,000445,938,000422,833,000399,046,000350,997,000252,645,000211,768,000215,101,0000207,200,000
Debtors (Due After 1 year)4,142,3326,724,7727,477,0007,403,0006,982,00010,292,0005,861,0004,730,0000000000
Total Fixed Assets205,540,678272,125,911470,236,000428,208,000431,531,000474,741,000451,841,000427,625,000399,137,000351,060,000252,658,000211,792,000215,123,000209,257,000207,216,000
Stock & work in progress000000000000000
Trade Debtors4,476,9912,943,2582,443,0002,072,0002,360,000000010,339,00033,00020,00089,00059,00056,000
Group Debtors19,456,4808,548,2010000000000000
Misc Debtors2,521,4902,404,584535,000991,000840,0003,501,0001,617,0002,186,00015,641,00006,919,0005,814,0005,233,00006,257,000
Cash0113,9927,890,0002,249,0002,245,0004,363,0001,725,0004,485,000002,100,0002,893,0002,584,0002,519,000677,000
misc current assets36,900,000116,250,0000083,020,00014,400,00011,925,0005,500,000000005,036,0000
total current assets63,354,961130,260,03539,868,00018,812,00088,465,00022,264,00015,267,00012,171,00015,641,00010,339,0009,052,0008,727,0007,906,0008,498,0006,990,000
total assets268,895,639402,385,946510,104,000447,020,000519,996,000497,005,000467,108,000439,796,000414,778,000361,399,000261,710,000220,519,000223,029,000217,755,000214,206,000
Bank overdraft000000034,973,000261,000572,00000000
Bank loan0000000000000013,000,000
Trade Creditors 483,0910005,389,0004,975,0004,238,0005,328,00000003,519,0003,737,0000
Group/Directors Accounts34,951,926125,874,6040000000000000
other short term finances00000000003,510,0004,196,0003,795,000286,0003,297,000
hp & lease commitments229,337227,377229,000229,000180,000285,000285,000285,000286,000286,000286,000286,000286,0000286,000
other current liabilities8,862,9549,673,61918,381,0009,887,0008,564,00011,259,0005,263,0008,129,00013,882,00016,102,0006,555,0007,163,0004,607,00007,869,000
total current liabilities44,527,308135,775,60018,610,00010,116,00014,133,00016,519,0009,786,00048,715,00014,429,00016,960,00010,351,00011,645,00012,207,00011,170,00024,452,000
loans68,502,90975,520,688359,442,000289,644,000386,416,000334,590,000297,436,000221,252,000235,644,000222,427,000101,821,000233,053,000269,644,0000198,998,000
hp & lease commitments3,393,9203,396,5033,453,0003,453,0002,703,0004,119,0004,120,0004,120,0004,121,0004,121,0004,121,0004,122,0004,122,00004,123,000
Accruals and Deferred Income000000000000000
other liabilities0000000019,465,0001,940,00000000
provisions002,850,0004,360,0006,978,0004,216,0004,328,0004,568,0003,678,00003,380,0004,438,0003,680,00002,192,000
total long term liabilities71,896,82978,917,191181,146,000147,002,000196,697,000169,403,000150,882,000120,289,000139,126,000128,944,00062,124,000136,941,000136,662,000116,414,000100,595,000
total liabilities116,424,137214,692,791199,756,000157,118,000210,830,000185,922,000160,668,000169,004,000153,555,000145,904,00072,475,000148,586,000148,869,000127,584,000125,047,000
net assets152,471,502187,693,155310,348,000289,902,000309,166,000311,083,000306,440,000270,792,000261,223,000215,495,000189,235,00071,933,00074,160,00090,171,00089,159,000
total shareholders funds152,471,502187,693,155310,348,000289,902,000309,166,000311,083,000306,440,000270,792,000261,223,000215,495,000189,235,00071,933,00074,160,00090,171,00089,159,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-32,674,333-84,853,89341,507,000-10,240,00016,287,00017,684,00044,961,00021,694,00055,456,00052,259,00031,634,00015,421,00010,720,00011,586,00018,418,000
Depreciation44,24228,07855,00047,00050,00046,00034,00032,000044,00015,00016,00015,0008,00022,000
Amortisation000000000000000
Tax-5,935-21,800143,000133,000-1,392,0000000000000
Stock000000000000000
Debtors9,976,47810,165,815-11,000284,000-3,611,0006,315,000562,000-8,725,0005,302,0003,387,0001,118,000512,0005,263,000-6,254,0006,313,000
Creditors483,09100-5,389,000414,000737,000-1,090,0005,328,000000-3,519,000-218,0003,737,0000
Accruals and Deferred Income-810,665-8,707,3818,494,0001,323,000-2,695,0005,996,000-2,866,000-5,753,000-2,220,0009,547,000-608,0002,556,0004,607,000-7,869,0007,869,000
Deferred Taxes & Provisions0-2,850,000-1,510,000-2,618,0002,762,000-112,000-240,000890,0003,678,000-3,380,000-1,058,000758,0003,680,000-2,192,0002,192,000
Cash flow from operations-42,940,078-106,570,81148,700,000-17,028,00019,037,00018,036,00040,237,00030,916,00051,612,00055,083,00028,865,00014,720,00013,541,00011,524,00022,188,000
Investing Activities
capital expenditure-16,959470,055,991-42,083,0003,276,00043,160,000-22,946,000-24,250,000-28,520,000-48,077,000-98,446,000-40,881,0003,315,000-5,881,000-2,049,000-207,238,000
Change in Investments-63,975,510-197,455,79242,025,000-3,721,000-39,977,00018,440,00023,105,00023,787,00048,049,00098,352,00040,877,000-3,333,000215,101,000-207,200,000207,200,000
cash flow from investments63,958,551667,511,783-84,108,0006,997,00083,137,000-41,386,000-47,355,000-52,307,000-96,126,000-196,798,000-81,758,0006,648,000-220,982,000205,151,000-414,438,000
Financing Activities
Bank loans0000000000000-13,000,00013,000,000
Group/Directors Accounts-90,922,678125,874,6040000000000000
Other Short Term Loans 000000000-3,510,000-686,000401,0003,509,000-3,011,0003,297,000
Long term loans-7,017,779-283,921,31269,798,000-96,772,00051,826,00037,154,00076,184,000-14,392,00013,217,000120,606,000-131,232,000-36,591,000269,644,000-198,998,000198,998,000
Hire Purchase and Lease Commitments-623-58,1200799,000-1,521,000-1,0000-2,00000-1,00004,408,000-4,409,0004,409,000
other long term liabilities0000000-19,465,00017,525,0001,940,00000000
share issue265,791-28,324,125-7,186,0003,976,000-408,000853,000747,000191,000629,000888,00082,912,000-3,972,000210,000273,00079,363,000
interest-2,807,176-8,848,747-6,246,000-6,343,000-6,800,000-4,494,000-1,519,000-3,719,000-2,296,000-20,437,000-6,646,000-11,847,000-22,385,000-6,660,0103,177,000
cash flow from financing-100,482,465-195,277,70056,366,000-98,340,00043,097,00033,512,00075,412,000-37,387,00029,075,00099,487,000-55,653,000-52,009,000255,386,000-225,805,010302,244,000
cash and cash equivalents
cash-113,992-7,776,0085,641,0004,000-2,118,0002,638,000-2,760,0004,485,0000-2,100,000-793,000309,00065,0001,842,000677,000
overdraft000000-34,973,00034,712,000-311,000572,00000000
change in cash-113,992-7,776,0085,641,0004,000-2,118,0002,638,00032,213,000-30,227,000311,000-2,672,000-793,000309,00065,0001,842,000677,000

mckay securities limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mckay Securities Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for mckay securities limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in SW9 area or any other competitors across 12 key performance metrics.

mckay securities limited Ownership

MCKAY SECURITIES LIMITED group structure

Mckay Securities Limited has 1 subsidiary company.

Ultimate parent company

1 parent

MCKAY SECURITIES LIMITED

00421479

1 subsidiary

MCKAY SECURITIES LIMITED Shareholders

workspace group plc 100%

mckay securities limited directors

Mckay Securities Limited currently has 5 directors. The longest serving directors include Mr David Benson (May 2022) and Mr Graham Clemett (May 2022).

officercountryagestartendrole
Mr David BensonEngland54 years May 2022- Director
Mr Graham ClemettEngland64 years May 2022- Director
Mr William AbbottUnited Kingdom49 years Jul 2022- Director
Mr Leo ShaplandUnited Kingdom42 years Jul 2022- Director
Mr Richard SwayneEngland36 years Jul 2022- Director

P&L

March 2024

turnover

24.3m

-10%

operating profit

-32.7m

-61%

gross margin

64.9%

-1.84%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

152.5m

-0.19%

total assets

268.9m

-0.33%

cash

0

-1%

net assets

Total assets minus all liabilities

mckay securities limited company details

company number

00421479

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

October 1946

age

79

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

KPMG LLP

address

canterbury court, kennington park, london, SW9 6DE

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

mckay securities limited 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 78 charges/mortgages relating to mckay securities limited. Currently there are 4 open charges and 74 have been satisfied in the past.

mckay securities limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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mckay securities limited Companies House Filings - See Documents

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