Padon Contracts Limited

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padon contracts limited Company Information

Company Number

04376235

Next Accounts

Dec 2025

Directors

Ian MacKie

Melanie MacKie

Shareholders

mr ian mackie

mrs melanie kay mackie

Group Structure

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Industry

Construction of commercial buildings

Registered Address

west view, otterburn, northumberland, NE19 1HA

Website

padon contracts limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of PADON CONTRACTS LIMITED at £1.4m based on a Turnover of £4.2m and 0.34x industry multiple (adjusted for size and gross margin).

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Padon Contracts Limited is a live company located in northumberland, NE19 1HA with a Companies House number of 04376235. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in February 2002, it's largest shareholder is mr ian mackie with a 60% stake. Padon Contracts Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Padon Contracts Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£11.3m)

Growth

3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (9.2%)

EXPORT

Padon Contracts Limited's latest turnover from March 2024 is estimated at £4.2 million and the company has net assets of £83.8 thousand. According to their latest financial statements, Padon Contracts Limited has 2 employees and maintains cash reserves of £218.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	4,157,708	3,248,221	1,210,100	1,395,128	853,726	1,564,008	603,210	548,608	565,413	2,636,755	706,957	1,487,293	2,302,206	1,155,067	1,741,289
Other Income Or Grants
Cost Of Sales	3,491,562	2,743,142	1,021,944	1,188,484	719,066	1,311,925	507,204	459,648	482,892	2,257,557	607,109	1,279,397	1,964,133	965,380	1,459,595
Gross Profit	666,146	505,079	188,156	206,643	134,660	252,083	96,006	88,960	82,522	379,198	99,848	207,896	338,073	189,688	281,694
Admin Expenses	613,295	458,261	194,396	222,180	131,247	230,128	114,270	102,331	72,255	341,822	101,244	216,852	347,468	167,415	278,889
Operating Profit	52,851	46,818	-6,240	-15,537	3,413	21,955	-18,264	-13,371	10,267	37,376	-1,396	-8,956	-9,395	22,273	2,805
Interest Payable	1,677	2,932	1,107
Interest Receivable	7,189	1,536	210	39	22	18	5	19	203	189	43	160	183	52	5
Pre-Tax Profit	58,363	45,422	-7,138	-15,498	3,435	21,973	-18,259	-13,352	10,470	37,565	-1,353	-8,796	-9,212	22,325	2,810
Tax	-14,591	-8,630			-653	-4,175			-2,094	-7,889				-6,251	-787
Profit After Tax	43,772	36,792	-7,138	-15,498	2,782	17,798	-18,259	-13,352	8,376	29,676	-1,353	-8,796	-9,212	16,074	2,023
Dividends Paid
Retained Profit	43,772	36,792	-7,138	-15,498	2,782	17,798	-18,259	-13,352	8,376	29,676	-1,353	-8,796	-9,212	16,074	2,023
Employee Costs	110,100	105,826	101,423	96,020	146,792	143,435	93,701	89,631	84,847	366,373	118,028	231,426	378,834	224,169	327,522
Number Of Employees	2	2	2	2	3	3	2	2	2	9	3	6	10	6	9
EBITDA*	57,711	47,960	-3,144	-11,062	9,371	26,684	-13,146	-7,038	15,203	41,966	2,595	-4,296	-3,880	24,348	7,195

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	50,440	37,902	9,373	12,469	16,950	22,908	15,134	18,913	24,772	13,971	17,154	12,528	16,651	19,899	9,878
Intangible Assets
Investments & Other
Debtors (Due After 1 year)												1,485
Total Fixed Assets	50,440	37,902	9,373	12,469	16,950	22,908	15,134	18,913	24,772	13,971	17,154	14,013	16,651	19,899	9,878
Stock & work in progress
Trade Debtors	738,274	593,881	236,168	202,255	88,037	232,807	72,266	72,132	72,374	337,454	87,056	180,345	282,160	142,427	209,927
Group Debtors
Misc Debtors	2,569	570	450
Cash	218,469	55,388	16,903	38,987	39,223	4,695	84	1,798	13,248	67,890	7,523	9,702	54,430	18,642	1,982
misc current assets
total current assets	959,312	649,839	253,521	241,242	127,260	237,502	72,350	73,930	85,622	405,344	94,579	190,047	336,590	161,069	211,909
total assets	1,009,752	687,741	262,894	253,711	144,210	260,410	87,484	92,843	110,394	419,315	111,733	204,060	353,241	180,968	221,787
Bank overdraft		7,500	7,570
Bank loan
Trade Creditors	628,092	460,807	152,353	197,650	115,132	232,982	79,332	65,524	68,552	388,009	109,466	201,365	341,119	158,860	218,947
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	285,265	155,320	72,735
total current liabilities	913,357	623,627	232,658	197,650	115,132	232,982	79,332	65,524	68,552	388,009	109,466	201,365	341,119	158,860	218,947
loans	5,409	16,900	25,234
hp & lease commitments
Accruals and Deferred Income
other liabilities				43,333
provisions	7,201	7,201	1,781	2,369	3,221	4,353	2,875	3,783	4,954	2,794	3,431	2,506	3,137	3,911	717
total long term liabilities	12,610	24,101	27,015	45,702	3,221	4,353	2,875	3,783	4,954	2,794	3,431	2,506	3,137	3,911	717
total liabilities	925,967	647,728	259,673	243,352	118,353	237,335	82,207	69,307	73,506	390,803	112,897	203,871	344,256	162,771	219,664
net assets	83,785	40,013	3,221	10,359	25,857	23,075	5,277	23,536	36,888	28,512	-1,164	189	8,985	18,197	2,123
total shareholders funds	83,785	40,013	3,221	10,359	25,857	23,075	5,277	23,536	36,888	28,512	-1,164	189	8,985	18,197	2,123

	Mar 2024	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	52,851	46,818	-6,240	-15,537	3,413	21,955	-18,264	-13,371	10,267	37,376	-1,396	-8,956	-9,395	22,273	2,805
Depreciation	4,860	1,142	3,096	4,475	5,958	4,729	5,118	6,333	4,936	4,590	3,991	4,660	5,515	2,075	4,390
Amortisation
Tax	-14,591	-8,630			-653	-4,175			-2,094	-7,889				-6,251	-787
Stock
Debtors	146,392	357,833	34,363	114,218	-144,770	160,541	134	-242	-265,080	250,398	-94,774	-100,330	139,733	-67,500	209,927
Creditors	167,285	308,454	-45,297	82,518	-117,850	153,650	13,808	-3,028	-319,457	278,543	-91,899	-139,754	182,259	-60,087	218,947
Accruals and Deferred Income	129,945	82,585	72,735
Deferred Taxes & Provisions		5,420	-588	-852	-1,132	1,478	-908	-1,171	2,160	-637	925	-631	-774	3,194	717
Cash flow from operations	193,958	77,956	-10,657	-43,614	34,506	17,096	-380	-10,995	-39,108	61,585	6,395	-44,351	37,872	28,704	16,145
Investing Activities
capital expenditure	-17,398	-29,671		6		-12,503	-1,339	-474	-15,737	-1,407	-8,617	-537	-2,267	-12,096	-14,268
Change in Investments
cash flow from investments	-17,398	-29,671		6		-12,503	-1,339	-474	-15,737	-1,407	-8,617	-537	-2,267	-12,096	-14,268
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-11,491	-8,334	25,234
Hire Purchase and Lease Commitments
other long term liabilities			-43,333	43,333
share issue															100
interest	5,512	-1,396	-897	39	22	18	5	19	203	189	43	160	183	52	5
cash flow from financing	-5,979	-9,730	-18,996	43,372	22	18	5	19	203	189	43	160	183	52	105
cash and cash equivalents
cash	163,081	38,485	-22,084	-236	34,528	4,611	-1,714	-11,450	-54,642	60,367	-2,179	-44,728	35,788	16,660	1,982
overdraft	-7,500	-70	7,570
change in cash	170,581	38,555	-29,654	-236	34,528	4,611	-1,714	-11,450	-54,642	60,367	-2,179	-44,728	35,788	16,660	1,982

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PADON CONTRACTS LIMITED group structure

Padon Contracts Limited has no subsidiary companies.

Ultimate parent company

PADON CONTRACTS LIMITED

04376235

PADON CONTRACTS LIMITED Shareholders

mr ian mackie	60%
mrs melanie kay mackie	40%

Padon Contracts Limited currently has 2 directors. The longest serving directors include Mr Ian MacKie (Feb 2002) and Ms Melanie MacKie (Dec 2004).

officer	country	age	start	end	role
Mr Ian MacKie	United Kingdom	62 years	Feb 2002	-	Director
Ms Melanie MacKie		61 years	Dec 2004	-	Director

P&L

March 2024

turnover

4.2m

+28%

operating profit

52.9k

gross margin

16.1%

+3.04%

turnover

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

Balance Sheet

March 2024

net assets

83.8k

+1.09%

total assets

+0.47%

cash

218.5k

+2.94%

net assets

Total assets minus all liabilities

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company number

04376235

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

February 2002

ultimate parent company

None

previous names

N/A

address

west view, otterburn, northumberland, NE19 1HA

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.

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padon contracts limited Company Information

padon contracts limited Estimated Valuation

padon contracts limited Estimated Valuation

padon contracts limited Estimated Valuation

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