Surelock Mcgill Limited

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surelock mcgill limited Company Information

Live

MatureLargeHealthy

Company Number

00684463

Website

http://www.surelockmcgill.com

Registered Address

26 the business centre, molly millars lane, wokingham, berkshire, RG41 2QY

Industry

Machining

Telephone

01189772525

Next Accounts Due

December 2024

Group Structure

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Directors

John McGill32 Years

David Dunbar-Jones24 Years

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Shareholders

john mcgill 74.1%

stephen john mcgill 13%

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surelock mcgill limited Estimated Valuation

£26.1m

Pomanda estimates the enterprise value of SURELOCK MCGILL LIMITED at £26.1m based on a Turnover of £28m and 0.93x industry multiple (adjusted for size and gross margin).

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Surelock Mcgill Limited is a live company located in wokingham, RG41 2QY with a Companies House number of 00684463. It operates in the machining sector, SIC Code 25620. Founded in February 1961, it's largest shareholder is john mcgill with a 74.1% stake. Surelock Mcgill Limited is a mature, large sized company, Pomanda has estimated its turnover at £28m with healthy growth in recent years.

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Pomanda's financial health check has awarded Surelock Mcgill Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £28m, make it larger than the average company (£9.1m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (0.8%)

EXPORT

Surelock Mcgill Limited's latest turnover from March 2023 is £28 million and the company has net assets of £6.1 million. According to their latest financial statements, Surelock Mcgill Limited has 230 employees and maintains cash reserves of £154.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	28,000,057	25,760,845	18,304,485	18,511,994	14,627,956	14,472,356	13,461,722	14,468,214	14,116,008	10,901,693	9,412,808	9,118,511	7,178,964	6,820,394
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	13,653,858	13,287,095	9,176,684	8,654,531	7,405,594	7,563,494	6,852,574	7,587,821	7,715,427	5,667,970	4,899,527	4,659,695	4,045,431	3,495,524
Gross Profit	14,346,199	12,473,750	9,127,801	9,857,463	7,222,362	6,908,862	6,609,148	6,880,393	6,400,581	5,233,723	4,513,281	4,458,816	3,133,533	3,324,870
Admin Expenses	13,554,951	11,125,270	7,884,552	7,831,249	6,545,225	6,623,025	7,050,445	6,543,790	6,164,821	4,980,244	3,926,322	3,636,751	2,929,033	2,884,036
Operating Profit	791,248	1,348,480	1,243,249	2,026,214	677,137	285,837	-441,297	336,603	235,760	253,479	586,959	822,065	204,500	440,834
Interest Payable	96,634	60,021	30,678	27,835	23,724	21,700	43,075	35,477	18,463	8,237	7,972	8,220	16,393	21,163
Interest Receivable	765	42	0	0	229	2	22	7	1,067	170	699	101	58	65
Pre-Tax Profit	695,379	1,288,501	1,212,571	1,998,379	653,642	264,139	-484,350	301,133	218,364	245,412	579,686	813,946	188,165	419,736
Tax	-19,826	-53,095	-289,543	-103,786	-55,877	-68,829	60,793	-68,266	-80,415	-29,751	-145,842	-208,943	-74,856	-104,933
Profit After Tax	675,553	1,235,406	923,028	1,894,593	597,765	195,310	-423,557	232,867	137,949	215,661	433,844	605,003	113,309	314,803
Dividends Paid	362,262	362,262	362,262	341,502	320,742	311,394	321,780	249,120	0	0	0	30	20,000	0
Retained Profit	313,291	873,144	560,766	1,553,091	277,023	-116,084	-745,337	-16,253	137,949	215,661	433,844	604,973	93,309	314,803
Employee Costs	10,413,941	8,606,352	7,354,346	6,173,755	5,473,002	5,179,291	5,787,034	5,950,625	5,616,938	4,620,273	3,798,555	3,745,809	3,075,758	2,971,743
Number Of Employees	230	225	184	165	155	157	157	155	155	121	127	102	94	85
EBITDA*	1,630,217	2,102,469	1,629,498	2,355,959	1,030,687	801,968	83,479	774,086	627,279	571,275	804,928	975,539	357,975	606,115

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	3,383,479	3,084,441	2,263,261	1,595,656	1,208,962	1,324,893	1,569,641	1,559,753	1,280,638	1,018,776	744,492	542,618	579,160	586,498
Intangible Assets	332,300	472,115	46,667	0	0	0	47,240	128,221	209,202	290,184	371,165	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	3,715,779	3,556,556	2,309,928	1,595,656	1,208,962	1,324,893	1,616,881	1,687,974	1,489,840	1,308,960	1,115,657	542,618	579,160	586,498
Stock & work in progress	4,763,237	4,048,468	2,940,826	3,292,972	2,422,991	2,538,969	2,762,108	2,788,244	2,188,858	2,048,237	1,386,453	967,228	1,107,570	1,354,827
Trade Debtors	4,953,624	4,926,055	3,640,727	4,057,523	3,415,075	3,428,738	2,741,085	3,378,192	3,353,935	2,742,379	2,721,393	2,629,555	1,933,689	1,765,730
Group Debtors	0	0	0	0	56,351	0	0	0	0	0	0	0	0	0
Misc Debtors	1,255,023	638,262	818,674	389,342	321,299	295,120	368,644	229,861	363,086	277,450	232,002	113,396	175,286	138,544
Cash	154,764	954,326	767,980	539,154	543,846	223,919	214,615	262,487	590,803	345,034	854,368	686,259	285,603	146,845
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	11,126,648	10,567,111	8,168,207	8,278,991	6,703,211	6,486,746	6,086,452	6,658,784	6,496,682	5,413,100	5,194,216	4,396,438	3,502,148	3,405,946
total assets	14,842,427	14,123,667	10,478,135	9,874,647	7,912,173	7,811,639	7,703,333	8,346,758	7,986,522	6,722,060	6,309,873	4,939,056	4,081,308	3,992,444
Bank overdraft	2,057,702	1,533,850	396,322	1,477,370	1,709,997	1,670,024	1,212,579	719,154	498,727	181,338	0	13,819	40,958	92,545
Bank loan	0	0	0	35,306	0	0	158,344	288,171	240,449	154,940	120,000	0	4,338	0
Trade Creditors	2,370,091	2,095,276	1,713,214	1,504,276	1,234,944	1,538,044	1,551,166	1,657,806	1,668,701	1,257,620	1,024,866	779,089	745,638	544,929
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	300,000	347,997	0	0	0	0	0	0	0	0	0	0	0	70,000
hp & lease commitments	494,117	439,884	348,690	156,500	103,991	103,139	146,840	115,333	76,037	54,293	62,869	74,976	83,134	109,982
other current liabilities	1,702,990	1,716,685	1,610,828	1,391,599	1,386,045	1,207,633	1,168,119	1,150,925	1,159,998	950,501	1,114,152	996,102	684,207	678,674
total current liabilities	6,924,900	6,133,692	4,069,054	4,565,051	4,434,977	4,518,840	4,237,048	3,931,389	3,643,912	2,598,692	2,321,887	1,863,986	1,558,275	1,496,130
loans	618,296	701,119	351,851	0	35,977	77,795	123,664	272,824	346,152	386,726	440,000	0	0	6,819
hp & lease commitments	638,979	783,135	504,158	365,407	154,511	136,139	233,590	236,718	125,351	16,242	62,090	14,987	74,956	107,380
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	599,961	548,655	328,990	208,165	99,268	80,877	103,036	158,761	91,813	55,321	36,478	44,509	37,477	43,749
total long term liabilities	1,857,236	2,032,909	1,184,999	573,572	289,756	294,811	460,290	668,303	563,316	458,289	538,568	59,496	112,433	157,948
total liabilities	8,782,136	8,166,601	5,254,053	5,138,623	4,724,733	4,813,651	4,697,338	4,599,692	4,207,228	3,056,981	2,860,455	1,923,482	1,670,708	1,654,078
net assets	6,060,291	5,957,066	5,224,082	4,736,024	3,187,440	2,997,988	3,005,995	3,747,066	3,779,294	3,665,079	3,449,418	3,015,574	2,410,600	2,338,366
total shareholders funds	6,060,291	5,957,066	5,224,082	4,736,024	3,187,440	2,997,988	3,005,995	3,747,066	3,779,294	3,665,079	3,449,418	3,015,574	2,410,600	2,338,366

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	791,248	1,348,480	1,243,249	2,026,214	677,137	285,837	-441,297	336,603	235,760	253,479	586,959	822,065	204,500	440,834
Depreciation	731,673	568,013	382,916	329,745	353,550	468,891	443,795	356,502	310,538	236,815	184,227	153,474	153,475	165,281
Amortisation	107,296	185,976	3,333	0	0	47,240	80,981	80,981	80,981	80,981	33,742	0	0	0
Tax	-19,826	-53,095	-289,543	-103,786	-55,877	-68,829	60,793	-68,266	-80,415	-29,751	-145,842	-208,943	-74,856	-104,933
Stock	714,769	1,107,642	-352,146	869,981	-115,978	-223,139	-26,136	599,386	140,621	661,784	419,225	-140,342	-247,257	1,354,827
Debtors	644,330	1,104,916	12,536	654,140	68,867	614,129	-498,324	-108,968	697,192	66,434	210,444	633,976	204,701	1,904,274
Creditors	274,815	382,062	208,938	269,332	-303,100	-13,122	-106,640	-10,895	411,081	232,754	245,777	33,451	200,709	544,929
Accruals and Deferred Income	-13,695	105,857	219,229	5,554	178,412	39,514	17,194	-9,073	209,497	-163,651	118,050	311,895	5,533	678,674
Deferred Taxes & Provisions	51,306	219,665	120,825	108,897	18,391	-22,159	-55,725	66,948	36,492	18,843	-8,031	7,032	-6,272	43,749
Cash flow from operations	563,718	544,400	2,228,557	1,111,835	915,624	346,382	523,561	262,382	366,121	-98,748	385,213	625,340	525,645	-1,490,567
Investing Activities
capital expenditure	0	0	0	0	-229,898	-215,543	-454,143	-629,164	-571,902	-511,279	-791,009	-114,934	-142,534	-190,384
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-229,898	-215,543	-454,143	-629,164	-571,902	-511,279	-791,009	-114,934	-142,534	-190,384
Financing Activities
Bank loans	0	0	-35,306	35,306	0	-158,344	-129,827	47,722	85,509	34,940	120,000	-4,338	4,338	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	-47,997	347,997	0	0	0	0	0	0	0	0	0	0	-70,000	70,000
Long term loans	-82,823	349,268	351,851	-35,977	-41,818	-45,869	-149,160	-73,328	-40,574	-53,274	440,000	0	-6,819	6,819
Hire Purchase and Lease Commitments	-89,923	370,171	330,941	263,405	19,224	-141,152	28,379	150,663	130,853	-54,424	34,996	-68,127	-59,272	217,362
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-210,066	-140,160	-72,708	-4,507	-87,571	108,077	4,266	-15,975	-23,734	0	0	1	-21,075	2,023,563
interest	-95,869	-59,979	-30,678	-27,835	-23,495	-21,698	-43,053	-35,470	-17,396	-8,067	-7,273	-8,119	-16,335	-21,098
cash flow from financing	-526,678	867,297	544,100	230,392	-133,660	-258,986	-289,395	73,612	134,658	-80,825	587,723	-80,583	-169,163	2,296,646
cash and cash equivalents
cash	-799,562	186,346	228,826	-4,692	319,927	9,304	-47,872	-328,316	245,769	-509,334	168,109	400,656	138,758	146,845
overdraft	523,852	1,137,528	-1,081,048	-232,627	39,973	457,445	493,425	220,427	317,389	181,338	-13,819	-27,139	-51,587	92,545
change in cash	-1,323,414	-951,182	1,309,874	227,935	279,954	-448,141	-541,297	-548,743	-71,620	-690,672	181,928	427,795	190,345	54,300

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for surelock mcgill limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in RG41 area or any other competitors across 12 key performance metrics.

SURELOCK MCGILL LIMITED group structure

Surelock Mcgill Limited has 12 subsidiary companies.

Ultimate parent company

SURELOCK MCGILL LIMITED

00684463

12 subsidiaries

247 NATIONAL LIMITED

08422472

STAFFORD BRIDGE DOORS LIMITED

03884200

SURELOCK GROUP LIMITED

04394780

TINDALL ENGINEERING LIMITED

02019054

AMESBURY LOCKS LIMITED

07906562

MICO TINDALL LTD

14011507

SURELOCK MICO LIMITED

14006589

SAFE LOCKING LIMITED

08401904

WALLIS HOUSE MANAGEMENT LIMITED

13987868

SURELOCK MCGILL GROUP LIMITED

04394811

BENWELDSECURE LTD

07639343

BENWELD HOLDINGS LIMITED

11641397

SURELOCK MCGILL LIMITED Shareholders

john mcgill	74.07%
stephen john mcgill	12.97%
caroline yvonne hough	12.97%

Surelock Mcgill Limited currently has 7 directors. The longest serving directors include Mr John McGill (Dec 1991) and Mr David Dunbar-Jones (Jun 2000).

officer	country	age	start	end	role
Mr John McGill		80 years	Dec 1991	-	Director
Mr David Dunbar-Jones	England	59 years	Jun 2000	-	Director
Mr David Milne	England	45 years	Jan 2013	-	Director
Mr Marko Popov	England	46 years	Aug 2014	-	Director
Mrs Caroline Hough	United Kingdom	58 years	May 2015	-	Director
Mr Alan Swan		64 years	Apr 2016	-	Director
Mr Stephen McGill	United Kingdom	55 years	Jun 2020	-	Director

P&L

March 2023

turnover

28m

+9%

operating profit

791.2k

-41%

gross margin

51.3%

+5.81%

turnover

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

Balance Sheet

March 2023

net assets

6.1m

+0.02%

total assets

14.8m

+0.05%

cash

154.8k

-0.84%

net assets

Total assets minus all liabilities

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company number

00684463

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

February 1961

ultimate parent company

None

previous names

N/A

address

26 the business centre, molly millars lane, wokingham, berkshire, RG41 2QY

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 6 charges/mortgages relating to surelock mcgill limited. Currently there are 5 open charges and 1 have been satisfied in the past.

surelock mcgill limited Company Information

surelock mcgill limited Estimated Valuation

surelock mcgill limited Estimated Valuation

surelock mcgill limited Estimated Valuation

Surelock Mcgill Limited Overview

Surelock Mcgill Limited Health Check

SURELOCK MCGILL LIMITED financials

surelock mcgill limited Credit Report and Business Information

Surelock Mcgill Limited Competitor Analysis

surelock mcgill limited Ownership

surelock mcgill limited directors

surelock mcgill limited company details

surelock mcgill limited Charges & Mortgages

surelock mcgill limited Companies House Filings - See Documents