Megan Mechanical Services Ltd

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megan mechanical services ltd Company Information

Live

MatureMidDeclining

Company Number

03443166

Website

www.megan-mechanical.co.uk

Registered Address

unit 4 blackbushe business park, yateley, hampshire, GU46 6GA

Industry

Plumbing, heat and air-conditioning installation

Telephone

01252874738

Next Accounts Due

July 2024

Group Structure

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Directors

Gerald Ley26 Years

Peter Dunphy0 Years

Shareholders

w jacobs holdings ltd 100%

megan mechanical services ltd Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of MEGAN MECHANICAL SERVICES LTD at £3.5m based on Net Assets of £1.1m and 3.25x industry multiple (adjusted for liquidity).

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Megan Mechanical Services Ltd is a live company located in hampshire, GU46 6GA with a Companies House number of 03443166. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in October 1997, it's largest shareholder is w jacobs holdings ltd with a 100% stake. Megan Mechanical Services Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Megan Mechanical Services 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

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £5.3m, make it larger than the average company (£306.4k)

Growth

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

EXPORT

Megan Mechanical Services Ltd's latest turnover from October 2022 is estimated at £5.3 million and the company has net assets of £1.1 million. According to their latest financial statements, Megan Mechanical Services Ltd has 16 employees and maintains cash reserves of £827.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	5,337,271	5,278,535	7,777,688	5,798,403	7,150,060	8,698,856	10,700,189	14,785,366	12,820,866	8,749,618	8,458,851	7,164,576	8,596,429	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,765,286	3,700,170	5,364,463	3,857,471	4,763,715	5,654,417	6,863,982	9,647,857	8,279,791	5,479,963	5,176,941	4,437,926	5,084,257	0
Gross Profit	1,571,985	1,578,366	2,413,225	1,940,932	2,386,345	3,044,440	3,836,208	5,137,509	4,541,076	3,269,655	3,281,911	2,726,650	3,512,172	0
Admin Expenses	1,461,612	1,326,726	2,197,998	1,796,723	2,264,333	2,913,153	3,712,406	5,072,182	4,484,061	3,243,921	3,259,459	2,706,506	3,488,077	-173,510
Operating Profit	110,373	251,640	215,227	144,209	122,012	131,287	123,802	65,327	57,015	25,734	22,452	20,144	24,095	173,510
Interest Payable	37,074	34,459	29,005	21,938	23,341	27,936	15,153	0	0	0	0	0	0	0
Interest Receivable	31,808	2,215	1,766	8,324	8,320	2,647	2,139	2,998	2,274	2,923	2,544	1,617	2,405	1,422
Pre-Tax Profit	105,107	219,396	187,988	130,595	106,991	105,999	110,789	68,325	59,289	28,657	24,996	21,761	26,500	174,932
Tax	-19,970	-41,685	-35,718	-24,813	-20,328	-20,140	-22,158	-13,665	-12,451	-6,591	-5,999	-5,658	-7,420	-48,981
Profit After Tax	85,137	177,711	152,270	105,782	86,663	85,859	88,631	54,660	46,838	22,066	18,997	16,103	19,080	125,951
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	85,137	177,711	152,270	105,782	86,663	85,859	88,631	54,660	46,838	22,066	18,997	16,103	19,080	125,951
Employee Costs	498,717	525,281	396,800	399,198	424,069	413,248	474,716	3,966,860	3,284,615	2,298,877	2,130,643	2,117,139	2,538,893	0
Number Of Employees	16	16	12	12	12	13	13	109	95	64	62	61	79	0
EBITDA*	131,753	264,848	229,775	149,389	129,424	138,314	127,939	70,990	64,074	31,709	33,067	37,666	31,359	178,211

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	82,943	77,267	39,343	13,146	24,049	25,045	13,541	12,180	14,424	20,286	18,561	36,407	74,409	14,479
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	82,943	77,267	39,343	13,146	24,049	25,045	13,541	12,180	14,424	20,286	18,561	36,407	74,409	14,479
Stock & work in progress	0	0	0	0	0	19,806	43,179	44,300	43,328	40,152	40,299	42,036	41,722	144,670
Trade Debtors	1,517,626	1,311,140	1,758,094	1,558,441	1,713,668	2,178,317	2,675,705	2,338,317	2,137,914	1,350,560	1,161,473	1,107,385	1,229,376	1,705,093
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	265,936	67,347	57,502	88,436	74,713	40,803	146,462	158,203	166,488	0	0	26,794	217,586	816
Cash	827,563	1,999,824	2,430,081	1,102,327	1,117,296	1,101,350	1,016,625	694,910	504,422	405,007	764,143	253,496	393,208	568,665
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,611,125	3,378,311	4,245,677	2,749,204	2,905,677	3,340,276	3,881,971	3,235,730	2,852,152	1,795,719	1,965,915	1,429,711	1,881,892	2,419,244
total assets	2,694,068	3,455,578	4,285,020	2,762,350	2,929,726	3,365,321	3,895,512	3,247,910	2,866,576	1,816,005	1,984,476	1,466,118	1,956,301	2,433,723
Bank overdraft	189,236	339,647	536,860	367,472	282,537	409,038	484,900	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	461,605	799,351	959,876	413,548	893,695	947,160	1,209,382	2,941,973	2,614,954	1,610,161	1,800,894	1,291,617	1,805,459	2,305,015
Group/Directors Accounts	105,000	115,000	238,832	614,078	394,950	496,531	229,670	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	674,881	979,396	1,672,183	693,947	789,009	1,029,608	1,576,624	0	0	0	0	0	0	0
total current liabilities	1,430,722	2,233,394	3,407,751	2,089,045	2,360,191	2,882,337	3,500,576	2,941,973	2,614,954	1,610,161	1,800,894	1,291,617	1,805,459	2,305,015
loans	163,253	206,619	46,667	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	8,678	0	0
provisions	13,345	13,954	6,702	1,675	3,687	3,799	1,610	1,242	1,587	2,647	2,451	3,689	4,811	1,757
total long term liabilities	176,598	220,573	53,369	1,675	3,687	3,799	1,610	1,242	1,587	2,647	2,451	12,367	4,811	1,757
total liabilities	1,607,320	2,453,967	3,461,120	2,090,720	2,363,878	2,886,136	3,502,186	2,943,215	2,616,541	1,612,808	1,803,345	1,303,984	1,810,270	2,306,772
net assets	1,086,748	1,001,611	823,900	671,630	565,848	479,185	393,326	304,695	250,035	203,197	181,131	162,134	146,031	126,951
total shareholders funds	1,086,748	1,001,611	823,900	671,630	565,848	479,185	393,326	304,695	250,035	203,197	181,131	162,134	146,031	126,951

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	110,373	251,640	215,227	144,209	122,012	131,287	123,802	65,327	57,015	25,734	22,452	20,144	24,095	173,510
Depreciation	21,380	13,208	14,548	5,180	7,412	7,027	4,137	5,663	7,059	5,975	10,615	17,522	7,264	4,701
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-19,970	-41,685	-35,718	-24,813	-20,328	-20,140	-22,158	-13,665	-12,451	-6,591	-5,999	-5,658	-7,420	-48,981
Stock	0	0	0	0	-19,806	-23,373	-1,121	972	3,176	-147	-1,737	314	-102,948	144,670
Debtors	405,075	-437,109	168,719	-141,504	-430,739	-603,047	325,647	192,118	953,842	189,087	27,294	-312,783	-258,947	1,705,909
Creditors	-337,746	-160,525	546,328	-480,147	-53,465	-262,222	-1,732,591	327,019	1,004,793	-190,733	509,277	-513,842	-499,556	2,305,015
Accruals and Deferred Income	-304,515	-692,787	978,236	-95,062	-240,599	-547,016	1,576,624	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-609	7,252	5,027	-2,012	-112	2,189	368	-345	-1,060	196	-1,238	-1,122	3,054	1,757
Cash flow from operations	-936,162	-185,788	1,554,929	-311,141	265,465	-62,455	-374,344	190,909	98,338	-354,359	509,550	-170,487	-110,668	585,423
Investing Activities
capital expenditure	-27,056	-51,132	-40,745	5,723	-6,416	-18,531	-5,498	-3,419	-1,197	-7,700	7,231	20,480	-67,194	-19,180
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-27,056	-51,132	-40,745	5,723	-6,416	-18,531	-5,498	-3,419	-1,197	-7,700	7,231	20,480	-67,194	-19,180
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-10,000	-123,832	-375,246	219,128	-101,581	266,861	229,670	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-43,366	159,952	46,667	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-8,678	8,678	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-5,266	-32,244	-27,239	-13,614	-15,021	-25,289	-13,014	2,998	2,274	2,923	2,544	1,617	2,405	1,422
cash flow from financing	-58,632	3,876	-355,818	205,514	-116,602	241,572	216,656	2,998	2,274	2,923	-6,134	10,295	2,405	2,422
cash and cash equivalents
cash	-1,172,261	-430,257	1,327,754	-14,969	15,946	84,725	321,715	190,488	99,415	-359,136	510,647	-139,712	-175,457	568,665
overdraft	-150,411	-197,213	169,388	84,935	-126,501	-75,862	484,900	0	0	0	0	0	0	0
change in cash	-1,021,850	-233,044	1,158,366	-99,904	142,447	160,587	-163,185	190,488	99,415	-359,136	510,647	-139,712	-175,457	568,665

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEGAN MECHANICAL SERVICES LTD group structure

Megan Mechanical Services Ltd has no subsidiary companies.

Ultimate parent company

W. JACOBS HOLDINGS LIMITED

04748065

1 parent

MEGAN MECHANICAL SERVICES LTD

03443166

MEGAN MECHANICAL SERVICES LTD Shareholders

w jacobs holdings ltd

100%

Megan Mechanical Services Ltd currently has 2 directors. The longest serving directors include Mr Gerald Ley (Oct 1997) and Mr Peter Dunphy (Aug 2023).

officer	country	age	start	end	role
Mr Gerald Ley		59 years	Oct 1997	-	Director
Mr Peter Dunphy		45 years	Aug 2023	-	Director

P&L

October 2022

turnover

5.3m

+1%

operating profit

110.4k

gross margin

29.5%

-1.5%

turnover

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

Balance Sheet

October 2022

net assets

1.1m

+0.09%

total assets

2.7m

-0.22%

cash

827.6k

-0.59%

net assets

Total assets minus all liabilities

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company number

03443166

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

October 1997

age

accounts

Total Exemption Full

ultimate parent company

W. JACOBS HOLDINGS LIMITED

previous names

N/A

incorporated

address

unit 4 blackbushe business park, yateley, hampshire, GU46 6GA

last accounts submitted

October 2022

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 1 charges/mortgages relating to megan mechanical services ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

megan mechanical services ltd Company Information

megan mechanical services ltd Estimated Valuation

megan mechanical services ltd Estimated Valuation

megan mechanical services ltd Estimated Valuation

Megan Mechanical Services Ltd Overview

Megan Mechanical Services Ltd Health Check

MEGAN MECHANICAL SERVICES LTD financials

megan mechanical services ltd Credit Report and Business Information

Megan Mechanical Services Ltd Competitor Analysis

megan mechanical services ltd Ownership

megan mechanical services ltd directors

megan mechanical services ltd company details

megan mechanical services ltd Charges & Mortgages

megan mechanical services ltd Companies House Filings - See Documents