Mccomb Property Company Limited

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mccomb property company limited Company Information

Live

MatureSmallRapid

Company Number

03565598

Website

www.mccombproperty.com

Registered Address

9 moorgate, ormskirk, L39 4RT

Industry

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

Telephone

01695422488

Next Accounts Due

February 2025

Group Structure

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Directors

Michael McComb26 Years

Sharon McComb26 Years

View All

Shareholders

michael william mccomb 50%

sharon michelle mccomb 50%

mccomb property company limited Estimated Valuation

£24.7m

Pomanda estimates the enterprise value of MCCOMB PROPERTY COMPANY LIMITED at £24.7m based on an EBITDA of £3.3m and a 7.55x industry multiple (adjusted for size and gross margin).

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Mccomb Property Company Limited is a live company located in ormskirk, L39 4RT with a Companies House number of 03565598. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 1998, it's largest shareholder is michael william mccomb with a 50% stake. Mccomb Property Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Mccomb Property Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £3.8m, make it larger than the average company (£846k)

Growth

3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (2.2%)

EXPORT

Mccomb Property Company Limited's latest turnover from May 2023 is estimated at £3.8 million and the company has net assets of £8.3 million. According to their latest financial statements, Mccomb Property Company Limited has 15 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	3,849,776	1,446,639	1,197,648	1,207,234	1,219,986	2,146,026	2,087,954	891,272	4,693,514	5,284,818	1,088,566	940,746	1,114,608	1,211,789
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,080,120	407,934	345,500	333,412	356,508	0	313,812	245,496	1,609,208	2,379,739	368,371	308,360	378,821	385,482
Gross Profit	2,769,656	1,038,705	852,148	873,822	863,478	2,146,026	1,774,142	645,776	3,084,305	2,905,079	720,195	632,386	735,787	826,307
Admin Expenses	-487,872	-432,358	-1,532,498	-1,294,134	-1,485,247	-490,571	-1,764,524	-598,008	2,682,422	587,617	228,308	194,197	674,601	136,252
Operating Profit	3,257,528	1,471,063	2,384,646	2,167,956	2,348,725	2,636,597	3,538,666	1,243,784	401,883	2,317,462	491,887	438,189	61,186	690,055
Interest Payable	2,724,925	1,841,000	1,604,300	1,604,300	1,775,250	737,417	666,653	650,000	486,488	481,454	429,387	303,462	321,095	297,983
Interest Receivable	97,936	25,044	2,007	1,159	7,205	1,029	1,738	5,364	1,206	0	59	0	7	0
Pre-Tax Profit	630,539	-344,893	782,353	564,815	580,680	1,900,209	2,873,751	599,148	-83,399	1,836,008	62,559	134,727	-259,902	392,072
Tax	-157,635	0	-148,647	-107,315	-110,329	-301,174	-348,578	-119,829	0	-261,338	-5,648	-34,014	-91,467	-87,876
Profit After Tax	472,904	-344,893	633,706	457,500	470,351	1,599,035	2,525,173	479,318	-83,399	1,574,670	56,911	100,713	-351,369	304,196
Dividends Paid	0	0	0	0	0	10,000	0	0	0	60,000	0	0	0	0
Retained Profit	472,904	-344,893	633,706	457,500	470,351	1,589,035	2,525,173	479,318	-83,399	1,514,670	56,911	100,713	-351,369	304,196
Employee Costs	470,949	421,840	358,109	392,628	335,118	266,651	179,873	183,200	732,099	124,109	141,629	127,344	136,035	136,192
Number Of Employees	15	14	13	14	12	10	7	7	28	4	5	4	4	4
EBITDA*	3,276,212	1,471,063	2,425,492	2,212,545	2,388,016	2,669,742	3,559,814	1,254,001	409,039	2,321,355	494,683	447,789	695,023	704,201

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	11,085	26,986	36,980	74,698	116,695	82,364	91,024	35,962	24,525	18,706	2,209	4,135	11,815	18,642,415
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	36,224,657	43,454,696	43,420,586	41,676,470	35,965,667	33,694,643	30,477,045	25,688,361	15,854,270	15,635,323	14,064,404	12,185,577	15,826,278	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	36,235,742	43,481,682	43,457,566	41,751,168	36,082,362	33,777,007	30,568,069	25,724,323	15,878,795	15,654,029	14,066,613	12,189,712	15,838,093	18,642,415
Stock & work in progress	391,013	382,798	333,872	281,467	4,306,699	4,282,389	3,837,251	3,823,165	3,716,774	3,538,193	3,152,208	2,974,610	2,773,966	2,994,461
Trade Debtors	562,120	153,901	133,730	107,952	61,071	69,829	51,687	63,500	287,526	66,170	42,411	21,375	24,858	53,225
Group Debtors	0	0	0	0	0	0	0	0	0	0	18,500	138,109	18,541	0
Misc Debtors	283,242	837,350	194,451	232,131	220,182	243,844	258,762	146,145	0	196,984	177,876	202,180	153,952	105,543
Cash	1,732,105	2,620,591	2,388,170	1,626,668	691,816	1,229,626	402,878	1,851,017	294,414	188,030	55,390	9,775	93,034	122,103
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,968,480	3,994,640	3,050,223	2,248,218	5,279,768	5,825,688	4,550,578	5,883,827	4,298,714	3,989,377	3,446,385	3,346,049	3,064,351	3,275,332
total assets	39,204,222	47,476,322	46,507,789	43,999,386	41,362,130	39,602,695	35,118,647	31,608,150	20,177,509	19,643,406	17,512,998	15,535,761	18,902,444	21,917,747
Bank overdraft	0	0	0	0	0	0	0	0	0	14,968,861	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	38,291	70,765	65,094	63,628	134,367	75,258	65,624	38,857	1,979,930	103,034	438,730	248,932	84,248	53,265
Group/Directors Accounts	0	0	3,068,062	0	0	0	0	0	0	6,039,079	5,172,811	3,363,841	4,446,345	4,682,302
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	8,178	9,813	9,813	0	0	0	0	0	0	0
other current liabilities	4,431,628	5,149,940	745,691	3,470,546	1,497,991	646,196	1,495,576	3,616,466	0	251,454	203,656	298,106	241,982	260,757
total current liabilities	4,469,919	5,220,705	3,878,847	3,534,174	1,640,536	731,267	1,571,013	3,655,323	1,979,930	21,362,428	5,815,197	3,910,879	4,772,575	4,996,324
loans	25,603,341	26,300,000	26,300,000	26,300,000	26,300,000	26,300,000	22,750,000	20,000,000	0	0	14,931,493	14,915,485	16,083,518	16,659,442
hp & lease commitments	0	0	0	0	0	8,178	17,991	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	20,000,000	0	0	0	0	0
provisions	857,379	1,768,164	1,732,354	1,454,949	1,218,846	1,201,291	1,006,719	695,076	0	0	0	0	0	0
total long term liabilities	26,460,720	28,068,164	28,032,354	27,754,949	27,518,846	27,509,469	23,774,710	20,695,076	20,000,000	0	14,931,493	14,915,485	16,083,518	16,659,442
total liabilities	30,930,639	33,288,869	31,911,201	31,289,123	29,159,382	28,240,736	25,345,723	24,350,399	21,979,930	21,362,428	20,746,690	18,826,364	20,856,093	21,655,766
net assets	8,273,583	14,187,453	14,596,588	12,710,263	12,202,748	11,361,959	9,772,924	7,257,751	-1,802,421	-1,719,022	-3,233,692	-3,290,603	-1,953,649	261,981
total shareholders funds	8,273,583	14,187,453	14,596,588	12,710,263	12,202,748	11,361,959	9,772,924	7,257,751	-1,802,421	-1,719,022	-3,233,692	-3,290,603	-1,953,649	261,981

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	3,257,528	1,471,063	2,384,646	2,167,956	2,348,725	2,636,597	3,538,666	1,243,784	401,883	2,317,462	491,887	438,189	61,186	690,055
Depreciation	18,684	0	40,846	44,589	39,291	33,145	21,148	10,217	7,156	3,893	2,796	9,600	633,837	14,146
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-157,635	0	-148,647	-107,315	-110,329	-301,174	-348,578	-119,829	0	-261,338	-5,648	-34,014	-91,467	-87,876
Stock	8,215	48,926	52,405	-4,025,232	24,310	445,138	14,086	106,391	178,581	385,985	177,598	200,644	-220,495	2,994,461
Debtors	-145,889	663,070	-11,902	58,830	-32,420	3,224	100,804	-77,881	24,372	24,367	-122,877	164,313	38,583	158,768
Creditors	-32,474	5,671	1,466	-70,739	59,109	9,634	26,767	-1,941,073	1,876,896	-335,696	189,798	164,684	30,983	53,265
Accruals and Deferred Income	-718,312	4,404,249	-2,724,855	1,972,555	851,795	-849,380	-2,120,890	3,616,466	-251,454	47,798	-94,450	56,124	-18,775	260,757
Deferred Taxes & Provisions	-910,785	35,810	277,405	236,103	17,555	194,572	311,643	695,076	0	0	0	0	0	0
Cash flow from operations	1,594,680	5,204,797	-209,642	8,209,551	3,214,256	1,275,032	1,313,866	3,476,131	1,831,528	1,361,767	529,662	269,626	797,676	-2,222,882
Investing Activities
capital expenditure	-2,783	9,994	-3,128	-2,592	-73,622	-24,485	-76,210	-21,654	-12,975	-20,390	-870	-1,920	17,996,763	-18,656,561
Change in Investments	-7,230,039	34,110	1,744,116	5,710,803	2,271,024	3,217,598	4,788,684	9,834,091	218,947	1,570,919	1,878,827	-3,640,701	15,826,278	0
cash flow from investments	7,227,256	-24,116	-1,747,244	-5,713,395	-2,344,646	-3,242,083	-4,864,894	-9,855,745	-231,922	-1,591,309	-1,879,697	3,638,781	2,170,485	-18,656,561
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-3,068,062	3,068,062	0	0	0	0	0	-6,039,079	866,268	1,808,970	-1,082,504	-235,957	4,682,302
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-696,659	0	0	0	0	3,550,000	2,750,000	20,000,000	0	-14,931,493	16,008	-1,168,033	-575,924	16,659,442
Hire Purchase and Lease Commitments	0	0	0	-8,178	-9,813	-9,813	27,804	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-20,000,000	20,000,000	0	0	0	0	0
share issue	-6,386,774	-64,242	1,252,619	50,015	370,438	0	-10,000	8,580,854	0	0	0	-1,437,667	-1,864,261	-42,215
interest	-2,626,989	-1,815,956	-1,602,293	-1,603,141	-1,768,045	-736,388	-664,915	-644,636	-485,282	-481,454	-429,328	-303,462	-321,088	-297,983
cash flow from financing	-9,710,422	-4,948,260	2,718,388	-1,561,304	-1,407,420	2,803,799	2,102,889	7,936,218	13,475,639	-14,546,679	1,395,650	-3,991,666	-2,997,230	21,001,546
cash and cash equivalents
cash	-888,486	232,421	761,502	934,852	-537,810	826,748	-1,448,139	1,556,603	106,384	132,640	45,615	-83,259	-29,069	122,103
overdraft	0	0	0	0	0	0	0	0	-14,968,861	14,968,861	0	0	0	0
change in cash	-888,486	232,421	761,502	934,852	-537,810	826,748	-1,448,139	1,556,603	15,075,245	-14,836,221	45,615	-83,259	-29,069	122,103

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MCCOMB PROPERTY COMPANY LIMITED group structure

Mccomb Property Company Limited has no subsidiary companies.

Ultimate parent company

MCCOMB PROPERTY COMPANY LIMITED

03565598

MCCOMB PROPERTY COMPANY LIMITED Shareholders

michael william mccomb	50%
sharon michelle mccomb	50%

Mccomb Property Company Limited currently has 3 directors. The longest serving directors include Mr Michael McComb (May 1998) and Ms Sharon McComb (May 1998).

officer	country	age	start	end	role
Mr Michael McComb		66 years	May 1998	-	Director
Ms Sharon McComb	United Kingdom	53 years	May 1998	-	Director
Mr Paul McComb	United Kingdom	33 years	Jul 2018	-	Director

P&L

May 2023

turnover

3.8m

+166%

operating profit

3.3m

gross margin

72%

+0.2%

turnover

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

Balance Sheet

May 2023

net assets

8.3m

-0.42%

total assets

39.2m

-0.17%

cash

1.7m

-0.34%

net assets

Total assets minus all liabilities

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company number

03565598

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

May 1998

age

accounts

Small Company

ultimate parent company

None

previous names

formby hall investments limited (November 2013)

incorporated

address

9 moorgate, ormskirk, L39 4RT

last accounts submitted

May 2023

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 48 charges/mortgages relating to mccomb property company limited. Currently there are 10 open charges and 38 have been satisfied in the past.

mccomb property company limited Company Information

mccomb property company limited Estimated Valuation

mccomb property company limited Estimated Valuation

mccomb property company limited Estimated Valuation

Mccomb Property Company Limited Overview

Mccomb Property Company Limited Health Check

MCCOMB PROPERTY COMPANY LIMITED financials

mccomb property company limited Credit Report and Business Information

Mccomb Property Company Limited Competitor Analysis

mccomb property company limited Ownership

mccomb property company limited directors

mccomb property company limited company details

mccomb property company limited Charges & Mortgages

mccomb property company limited Companies House Filings - See Documents