mchugh engineering ltd.
mchugh engineering ltd. Company Information
Group Structure
View All
Industry
Non-specialised wholesale trade
Registered Address
13 bridgewater road, hertburn industrial estate, washington, tyne and wear, NE37 2SG
Website
www.mchughchains.co.ukmchugh engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of MCHUGH ENGINEERING LTD. at £149k based on a Turnover of £530.9k and 0.28x industry multiple (adjusted for size and gross margin).
mchugh engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of MCHUGH ENGINEERING LTD. at £0 based on an EBITDA of £-27.3k and a 3.3x industry multiple (adjusted for size and gross margin).
mchugh engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of MCHUGH ENGINEERING LTD. at £197.1k based on Net Assets of £71.1k and 2.77x industry multiple (adjusted for liquidity).
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Mchugh Engineering Ltd. Overview
Mchugh Engineering Ltd. is a live company located in washington, NE37 2SG with a Companies House number of 01882847. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in February 1985, it's largest shareholder is jeffrey mckinley with a 100% stake. Mchugh Engineering Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £530.9k with healthy growth in recent years.
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Mchugh Engineering Ltd. Health Check
Pomanda's financial health check has awarded Mchugh Engineering Ltd. a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £530.9k, make it smaller than the average company (£16m)
- Mchugh Engineering Ltd.
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8%)
- Mchugh Engineering Ltd.
8% - Industry AVG
Production
with a gross margin of 17.9%, this company has a higher cost of product (27.3%)
- Mchugh Engineering Ltd.
27.3% - Industry AVG
Profitability
an operating margin of -5.1% make it less profitable than the average company (5.1%)
- Mchugh Engineering Ltd.
5.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (38)
2 - Mchugh Engineering Ltd.
38 - Industry AVG
Pay Structure
on an average salary of £44.4k, the company has an equivalent pay structure (£44.4k)
- Mchugh Engineering Ltd.
£44.4k - Industry AVG
Efficiency
resulting in sales per employee of £265.5k, this is less efficient (£373.1k)
- Mchugh Engineering Ltd.
£373.1k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (50 days)
- Mchugh Engineering Ltd.
50 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (32 days)
- Mchugh Engineering Ltd.
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mchugh Engineering Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mchugh Engineering Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.9%, this is a similar level of debt than the average (45.1%)
48.9% - Mchugh Engineering Ltd.
45.1% - Industry AVG
MCHUGH ENGINEERING LTD. financials
Mchugh Engineering Ltd.'s latest turnover from February 2024 is estimated at £530.9 thousand and the company has net assets of £71.1 thousand. According to their latest financial statements, Mchugh Engineering Ltd. has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 3 | 3 | 1 | 1 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,694 | 2,116 | 2,646 | 2,842 | 733 | 916 | 1,145 | 1,431 | 1,789 | 2,565 | 3,831 | 5,457 | 7,239 | 9,216 | 5,829 |
| Intangible Assets | 875 | 3,500 | |||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,694 | 2,116 | 2,646 | 2,842 | 733 | 916 | 1,145 | 1,431 | 1,789 | 2,565 | 3,831 | 5,457 | 7,239 | 10,091 | 9,329 |
| Stock & work in progress | 4,550 | 10,470 | 19,325 | 28,375 | 30,450 | 49,950 | 54,000 | ||||||||
| Trade Debtors | 134,516 | 137,526 | 128,627 | 127,632 | 17,881 | 32,891 | 19,022 | 16,670 | 11,132 | 37,636 | 31,635 | 26,875 | 66,370 | 51,229 | 46,196 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 3,032 | 2,736 | 1,683 | ||||||||||||
| Cash | 6,724 | 7,266 | 7,502 | 13,224 | 294 | 3,205 | 1,279 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 137,548 | 140,262 | 130,310 | 127,632 | 17,881 | 32,891 | 19,022 | 16,670 | 22,406 | 55,372 | 58,462 | 68,474 | 97,114 | 104,384 | 101,475 |
| total assets | 139,242 | 142,378 | 132,956 | 130,474 | 18,614 | 33,807 | 20,167 | 18,101 | 24,195 | 57,937 | 62,293 | 73,931 | 104,353 | 114,475 | 110,804 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 66,294 | 42,942 | 40,158 | 58,103 | 1,684 | 5,760 | 1,961 | 4,583 | 12,212 | 50,233 | 50,858 | 53,911 | 59,055 | 70,992 | 62,776 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 66,294 | 42,942 | 40,158 | 58,103 | 1,684 | 5,760 | 1,961 | 4,583 | 12,212 | 50,233 | 50,858 | 53,911 | 59,055 | 70,992 | 62,776 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 1,844 | 1,003 | 1,042 | 500 | 500 | 900 | 902 | 900 | |||||||
| other liabilities | 20,294 | 24,900 | 29,425 | 33,796 | 38,088 | 42,044 | 47,985 | ||||||||
| provisions | 447 | 447 | 626 | 626 | 782 | ||||||||||
| total long term liabilities | 1,844 | 1,003 | 1,042 | 500 | 500 | 900 | 902 | 900 | 20,741 | 25,347 | 30,051 | 34,422 | 38,870 | 42,044 | 47,985 |
| total liabilities | 68,138 | 43,945 | 41,200 | 58,603 | 2,184 | 6,660 | 2,863 | 5,483 | 32,953 | 75,580 | 80,909 | 88,333 | 97,925 | 113,036 | 110,761 |
| net assets | 71,104 | 98,433 | 91,756 | 71,871 | 16,430 | 27,147 | 17,304 | 12,618 | -8,758 | -17,643 | -18,616 | -14,402 | 6,428 | 1,439 | 43 |
| total shareholders funds | 71,104 | 98,433 | 91,756 | 71,871 | 16,430 | 27,147 | 17,304 | 12,618 | -8,758 | -17,643 | -18,616 | -14,402 | 6,428 | 1,439 | 43 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 776 | 1,266 | 1,626 | 1,782 | 1,977 | 1,773 | 1,022 | ||||||||
| Amortisation | 875 | 2,625 | 2,625 | ||||||||||||
| Tax | |||||||||||||||
| Stock | -4,550 | -5,920 | -8,855 | -9,050 | -2,075 | -19,500 | -4,050 | 54,000 | |||||||
| Debtors | -2,714 | 9,952 | 2,678 | 109,751 | -15,010 | 13,869 | 2,352 | 5,538 | -26,504 | 6,001 | 4,760 | -39,495 | 15,141 | 5,033 | 46,196 |
| Creditors | 23,352 | 2,784 | -17,945 | 56,419 | -4,076 | 3,799 | -2,622 | -7,629 | -38,021 | -625 | -3,053 | -5,144 | -11,937 | 8,216 | 62,776 |
| Accruals and Deferred Income | 841 | -39 | 542 | -400 | -2 | 2 | 900 | ||||||||
| Deferred Taxes & Provisions | -447 | -179 | -156 | 782 | |||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -20,294 | -4,606 | -4,525 | -4,371 | -4,292 | -3,956 | -5,941 | 47,985 | |||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -6,724 | -542 | -236 | -5,722 | 12,930 | -2,911 | 1,926 | 1,279 | |||||||
| overdraft | |||||||||||||||
| change in cash | -6,724 | -542 | -236 | -5,722 | 12,930 | -2,911 | 1,926 | 1,279 |
mchugh engineering ltd. Credit Report and Business Information
Mchugh Engineering Ltd. Competitor Analysis
Perform a competitor analysis for mchugh engineering ltd. by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NE37 area or any other competitors across 12 key performance metrics.
mchugh engineering ltd. Ownership
MCHUGH ENGINEERING LTD. group structure
Mchugh Engineering Ltd. has no subsidiary companies.
Ultimate parent company
MCHUGH ENGINEERING LTD.
01882847
mchugh engineering ltd. directors
Mchugh Engineering Ltd. currently has 1 director, Mr Jeffrey McKinley serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeffrey McKinley | England | 56 years | Feb 2017 | - | Director |
P&L
February 2024turnover
530.9k
-1%
operating profit
-27.3k
0%
gross margin
18%
-2.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
71.1k
-0.28%
total assets
139.2k
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
mchugh engineering ltd. company details
company number
01882847
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
February 1985
age
40
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
richday limited (April 1985)
accountant
-
auditor
-
address
13 bridgewater road, hertburn industrial estate, washington, tyne and wear, NE37 2SG
Bank
-
Legal Advisor
-
mchugh engineering 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 3 charges/mortgages relating to mchugh engineering ltd.. Currently there are 3 open charges and 0 have been satisfied in the past.
mchugh engineering ltd. 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.
Click to start generating capital raising & share issue transactions for MCHUGH ENGINEERING LTD.. This can take several minutes, an email will notify you when this has completed.
mchugh engineering ltd. Companies House Filings - See Documents
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