connolly scaffolding limited

connolly scaffolding limited Company Information

Share CONNOLLY SCAFFOLDING LIMITED
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MatureMidHigh

Company Number

04426746

Industry

Scaffold erection

 

Shareholders

wayne connolly holdings ltd

Group Structure

View All

Contact

Registered Address

e1-e2 lyntown trading estate, eccles, manchester, M30 9QG

connolly scaffolding limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of CONNOLLY SCAFFOLDING LIMITED at £3.7m based on a Turnover of £7m and 0.53x industry multiple (adjusted for size and gross margin).

connolly scaffolding limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of CONNOLLY SCAFFOLDING LIMITED at £6.4m based on an EBITDA of £1.3m and a 5.09x industry multiple (adjusted for size and gross margin).

connolly scaffolding limited Estimated Valuation

£10.5m

Pomanda estimates the enterprise value of CONNOLLY SCAFFOLDING LIMITED at £10.5m based on Net Assets of £4.6m and 2.3x industry multiple (adjusted for liquidity).

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Connolly Scaffolding Limited Overview

Connolly Scaffolding Limited is a live company located in manchester, M30 9QG with a Companies House number of 04426746. It operates in the scaffold erection sector, SIC Code 43991. Founded in April 2002, it's largest shareholder is wayne connolly holdings ltd with a 100% stake. Connolly Scaffolding Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7m with high growth in recent years.

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Connolly Scaffolding Limited Health Check

Pomanda's financial health check has awarded Connolly Scaffolding Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £7m, make it larger than the average company (£1.1m)

£7m - Connolly Scaffolding Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (10.6%)

21% - Connolly Scaffolding Limited

10.6% - Industry AVG

production

Production

with a gross margin of 38.3%, this company has a comparable cost of product (37.1%)

38.3% - Connolly Scaffolding Limited

37.1% - Industry AVG

profitability

Profitability

an operating margin of 17.8% make it more profitable than the average company (11.2%)

17.8% - Connolly Scaffolding Limited

11.2% - Industry AVG

employees

Employees

with 137 employees, this is above the industry average (7)

137 - Connolly Scaffolding Limited

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £23.6k, the company has a lower pay structure (£37.3k)

£23.6k - Connolly Scaffolding Limited

£37.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £51.4k, this is less efficient (£93k)

£51.4k - Connolly Scaffolding Limited

£93k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 64 days, this is near the average (62 days)

64 days - Connolly Scaffolding Limited

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 42 days, this is slower than average (18 days)

42 days - Connolly Scaffolding Limited

18 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (24 days)

0 days - Connolly Scaffolding Limited

24 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)

0 weeks - Connolly Scaffolding Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.5%, this is a similar level of debt than the average (44.2%)

41.5% - Connolly Scaffolding Limited

44.2% - Industry AVG

CONNOLLY SCAFFOLDING LIMITED financials

EXPORTms excel logo

Connolly Scaffolding Limited's latest turnover from April 2024 is £7 million and the company has net assets of £4.6 million. According to their latest financial statements, Connolly Scaffolding Limited has 137 employees and maintains cash reserves of £7.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover7,036,2186,718,2945,396,7333,948,5365,204,6155,524,5374,501,6516,456,4694,743,6216,739,9878,916,2259,589,4327,966,6419,869,5386,525,465
Other Income Or Grants000000000000000
Cost Of Sales4,341,9734,200,6363,226,9462,714,7433,780,1212,606,1562,956,1243,878,8292,831,8774,054,5015,166,2145,526,7804,525,2735,548,5963,519,261
Gross Profit2,694,2452,517,6582,169,7871,233,7931,424,4942,918,3811,545,5272,577,6411,911,7442,685,4853,750,0114,062,6523,441,3684,320,9433,006,204
Admin Expenses1,439,7901,320,3471,586,7591,063,230953,4031,844,597715,7072,018,2651,252,6892,221,4813,667,8833,975,0923,379,1604,283,1172,400,876
Operating Profit1,254,4551,197,311583,028170,563471,0911,073,784829,820559,376659,055464,00482,12887,56062,20837,826605,328
Interest Payable323,037252,617163,298147,789137,23593,730109,21554,86922,559000014,64414,644
Interest Receivable000000036711281280000
Pre-Tax Profit931,418944,694419,73022,774333,856980,054720,605504,542636,568464,13182,25687,56062,20823,182590,685
Tax-8,211-72,5660188,187164-118,216-124,424-95,863-127,313-92,826-17,274-20,139-14,930-6,027-165,392
Profit After Tax923,207872,128419,730210,961334,020861,838596,181408,679509,254371,30564,98267,42147,27817,155425,293
Dividends Paid300,000380,000200,000200,000200,000250,00030,00000000000
Retained Profit623,207492,128219,73010,961134,020611,838566,181408,679509,254371,30564,98267,42147,27817,155425,293
Employee Costs3,238,2533,361,6542,654,4532,315,2423,090,9222,632,3572,185,3422,477,3122,674,8423,548,3454,568,4455,577,5685,082,3555,481,0553,739,943
Number Of Employees13714316915319217576696590122160143150103
EBITDA*1,255,6691,197,311770,493248,403471,7261,179,042858,398846,629830,812597,56182,128226,657224,864267,266807,195

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets6,205,0676,277,7365,647,5724,859,5563,913,4993,093,7082,220,4211,530,9811,092,614976,2141,045,468810,020876,863816,379713,826
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets6,205,0676,277,7365,647,5724,859,5563,913,4993,093,7082,220,4211,530,9811,092,614976,2141,045,468810,020876,863816,379713,826
Stock & work in progress10,41411,65714,45514,87614,87614,876194,646198,11345,92276,792249,994165,000490,082177,6720
Trade Debtors1,242,755999,6411,447,1421,327,8131,144,1871,679,5891,206,6811,182,658915,4711,375,0201,596,0501,745,4091,341,2431,618,7841,125,294
Group Debtors265,772325,871579,409941,472409,602406,6531,085,2471,077,770766,728000000
Misc Debtors73,82180,307114,945270,592986,409776,679449,87158,70465,459000000
Cash7,5270000001928,4052051,004102200
misc current assets000000000000000
total current assets1,600,2891,417,4762,155,9512,554,7532,555,0742,877,7972,936,4452,517,2641,821,9851,451,8321,897,0481,910,4191,831,3471,796,4561,125,294
total assets7,805,3567,695,2127,803,5237,414,3096,468,5735,971,5055,156,8664,048,2452,914,5992,428,0462,942,5162,720,4392,708,2102,612,8351,839,120
Bank overdraft607,414660,936798,726630,260256,339627,875704,832619,790327,29100000574
Bank loan601,271637,458655,010628,872593,886380,127377,440287,865238,487000000
Trade Creditors 508,861858,0931,035,302622,584357,972224,542413,982538,018178,4221,116,8921,646,9031,550,3011,695,8221,664,085782,682
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments183,87250,562213,340241,164154,74174,15174,151018,280000000
other current liabilities251,904214,787251,460467,545611,809728,552418,613380,922463,087000000
total current liabilities2,153,3222,421,8362,953,8382,590,4251,974,7472,035,2471,989,0181,826,5951,225,5671,116,8921,646,9031,550,3011,695,8221,664,085783,256
loans526,196913,772954,9391,118,447980,412481,979244,395154,048128,33300000450,000
hp & lease commitments286,259151,443251,279281,70173,481148,367220,6490000000131,846
Accruals and Deferred Income0000000000057,91159,24950,6490
other liabilities000000000259,709615,473554,980463,313455,5530
provisions270,046261,835189,269189,268216,426216,425225,157156,13557,91157,91157,91100048,625
total long term liabilities1,082,5011,327,0501,395,4871,589,4161,270,319846,771690,201310,183186,244317,620673,384612,891522,562506,202630,471
total liabilities3,235,8233,748,8864,349,3254,179,8413,245,0662,882,0182,679,2192,136,7781,411,8111,434,5122,320,2872,163,1922,218,3842,170,2871,413,727
net assets4,569,5333,946,3263,454,1983,234,4683,223,5073,089,4872,477,6471,911,4671,502,788993,534622,229557,247489,826442,548425,393
total shareholders funds4,569,5333,946,3263,454,1983,234,4683,223,5073,089,4872,477,6471,911,4671,502,788993,534622,229557,247489,826442,548425,393
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit1,254,4551,197,311583,028170,563471,0911,073,784829,820559,376659,055464,00482,12887,56062,20837,826605,328
Depreciation1,2140187,46577,840635105,25828,578287,253171,757133,5570139,097162,656229,440201,867
Amortisation000000000000000
Tax-8,211-72,5660188,187164-118,216-124,424-95,863-127,313-92,826-17,274-20,139-14,930-6,027-165,392
Stock-1,243-2,798-42100-179,770-3,467152,191-30,870-173,20284,994-325,082312,410177,6720
Debtors176,529-735,677-398,381-321-322,723121,122422,667571,474372,638-221,030-149,359404,166-277,541493,4901,125,294
Creditors-349,232-177,209412,718264,612133,430-189,440-124,036359,596-938,470-530,01196,602-145,52131,737881,403782,682
Accruals and Deferred Income37,117-36,673-216,085-144,264-116,743309,93937,691-82,165463,0870-57,911-1,3388,60050,6490
Deferred Taxes & Provisions8,21172,5661-27,1581-8,73269,02298,2240057,91100-48,62548,625
Cash flow from operations768,2681,721,9041,365,929530,101811,3011,231,241297,451402,756-113,652368,956225,821-19,425215,402473,504347,816
Investing Activities
capital expenditure00-975,481-1,023,897-820,426-978,545-718,018-725,620-288,157-64,303-235,448-72,254-223,140-331,993-915,693
Change in Investments000000000000000
cash flow from investments00-975,481-1,023,897-820,426-978,545-718,018-725,620-288,157-64,303-235,448-72,254-223,140-331,993-915,693
Financing Activities
Bank loans-36,187-17,55226,13834,986213,7592,68789,57549,378238,487000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-387,576-41,167-163,508138,035498,433237,58490,34725,715128,3330000-450,000450,000
Hire Purchase and Lease Commitments268,126-262,614-58,246294,6435,704-72,282294,800-18,28018,2800000-131,846131,846
other long term liabilities00000000-259,709-355,76460,49391,6677,760455,5530
share issue000002-10000000100
interest-323,037-252,617-163,298-147,789-137,235-93,730-109,215-54,833-22,48812812800-14,644-14,644
cash flow from financing-478,674-573,950-358,914319,875580,66174,261365,5061,980102,903-355,63660,62191,6677,760-140,937567,302
cash and cash equivalents
cash7,52700000-19-28,38628,385-50,98450,994-122200
overdraft-53,522-137,790168,466373,921-371,536-76,95785,042292,499327,2910000-574574
change in cash61,049137,790-168,466-373,921371,53676,957-85,061-320,885-298,906-50,98450,994-1222574-574

connolly scaffolding limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Connolly Scaffolding Limited Competitor Analysis

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Perform a competitor analysis for connolly scaffolding limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in M30 area or any other competitors across 12 key performance metrics.

connolly scaffolding limited Ownership

CONNOLLY SCAFFOLDING LIMITED group structure

Connolly Scaffolding Limited has no subsidiary companies.

Ultimate parent company

1 parent

CONNOLLY SCAFFOLDING LIMITED

04426746

CONNOLLY SCAFFOLDING LIMITED Shareholders

wayne connolly holdings ltd 100%

connolly scaffolding limited directors

Connolly Scaffolding Limited currently has 3 directors. The longest serving directors include Mr Wayne Connolly (May 2002) and Mr Andrew Barton (May 2016).

officercountryagestartendrole
Mr Wayne Connolly54 years May 2002- Director
Mr Andrew BartonEngland54 years May 2016- Director
Mr Craig PriceEngland55 years May 2016- Director

P&L

April 2024

turnover

7m

+5%

operating profit

1.3m

+5%

gross margin

38.3%

+2.18%

turnover

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

Balance Sheet

April 2024

net assets

4.6m

+0.16%

total assets

7.8m

+0.01%

cash

7.5k

0%

net assets

Total assets minus all liabilities

connolly scaffolding limited company details

company number

04426746

Type

Private limited with Share Capital

industry

43991 - Scaffold erection

incorporation date

April 2002

age

22

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

April 2024

previous names

connect manchester limited (May 2002)

accountant

-

auditor

HARDY AND COMPANY HYDE LTD

address

e1-e2 lyntown trading estate, eccles, manchester, M30 9QG

Bank

VIRGIN MONEY

Legal Advisor

-

connolly scaffolding limited 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 12 charges/mortgages relating to connolly scaffolding limited. Currently there are 2 open charges and 10 have been satisfied in the past.

connolly scaffolding limited 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.

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connolly scaffolding limited Companies House Filings - See Documents

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