Mcgowan Homes & Property Services Limited

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mcgowan homes & property services limited Company Information

Live

MatureSmallDeclining

Company Number

04807639

Website

www.mcgowanhomes.co.uk

Registered Address

43 middleton gardens, middleton, manchester, M24 1AB

Industry

Real estate agencies

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

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Telephone

01616554113

Next Accounts Due

December 2024

Group Structure

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Directors

Jonathan McGowan21 Years

Catherine McGowan15 Years

Shareholders

jonathan neil mcgowan 60%

catherine anne mcgowan 40%

mcgowan homes & property services limited Estimated Valuation

£853.8k

Pomanda estimates the enterprise value of MCGOWAN HOMES & PROPERTY SERVICES LIMITED at £853.8k based on a Turnover of £500.7k and 1.71x industry multiple (adjusted for size and gross margin).

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Mcgowan Homes & Property Services Limited is a live company located in manchester, M24 1AB with a Companies House number of 04807639. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in June 2003, it's largest shareholder is jonathan neil mcgowan with a 60% stake. Mcgowan Homes & Property Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £500.7k with declining growth in recent years.

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

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £500.7k, make it smaller than the average company (£967.3k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.2%)

EXPORT

Mcgowan Homes & Property Services Limited's latest turnover from March 2023 is estimated at £500.7 thousand and the company has net assets of £455.6 thousand. According to their latest financial statements, Mcgowan Homes & Property Services Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	500,684	329,630	405,321	545,130	691,953	712,275	623,132	439	846	1,239	943	11,895	48,261	593
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	355,247	229,891	285,065	388,110	491,173	493,514	413,389	288	569	862	666	8,418	34,545	434
Gross Profit	145,437	99,739	120,256	157,020	200,780	218,761	209,744	151	278	377	277	3,477	13,716	159
Admin Expenses	119,584	103,969	62,746	97,499	136,497	139,683	124,635	-53,859	-18,558	-94,866	9,594	45,843	-14,654	-129,297
Operating Profit	25,853	-4,230	57,510	59,521	64,283	79,078	85,109	54,010	18,836	95,243	-9,317	-42,366	28,370	129,456
Interest Payable	0	0	0	0	0	0	1,585	3,375	4,748	6,181	6,430	7,530	7,746	3,485
Interest Receivable	0	0	0	0	0	0	155	490	340	188	35	37	50	21
Pre-Tax Profit	25,853	-4,230	57,510	59,521	64,283	79,078	83,680	51,125	14,429	89,249	-15,712	-49,859	20,674	125,992
Tax	-4,912	0	-10,927	-11,309	-12,214	-15,025	-16,736	-10,225	-3,030	-20,527	0	0	-5,789	-35,278
Profit After Tax	20,941	-4,230	46,583	48,212	52,069	64,053	66,944	40,900	11,399	68,722	-15,712	-49,859	14,885	90,714
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	20,941	-4,230	46,583	48,212	52,069	64,053	66,944	40,900	11,399	68,722	-15,712	-49,859	14,885	90,714
Employee Costs	217,013	180,082	236,241	138,536	139,538	129,965	130,392	34,005	32,988	32,487	30,545	30,098	30,534	30,940
Number Of Employees	6	5	7	4	4	4	4	1	1	1	1	1	1	1
EBITDA*	25,853	-4,230	57,510	59,521	64,283	79,078	85,109	54,882	19,512	95,866	-8,500	-41,459	29,570	130,106

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	464,282	553,143	557,697	448,062	418,177	212,909	210,274	60,610	59,971	124,061	124,684	125,132	126,039	125,185
Intangible Assets	0	0	0	0	0	0	0	150,000	150,000	150,000	150,000	150,000	150,000	150,000
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	464,282	553,143	557,697	448,062	418,177	212,909	210,274	210,610	209,971	274,061	274,684	275,132	276,039	275,185
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	172,439	106,241	131,533	191,679	209,688	221,176	183,795	0	0	0	0	0	12,472	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	50,750	33,956	21,340	100	100	100	100
Cash	0	0	0	0	0	0	0	124,360	71,575	64,611	10,561	3,440	11,383	8,495
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	172,439	106,241	131,533	191,679	209,688	221,176	183,795	175,110	105,531	85,951	10,661	3,540	23,955	8,595
total assets	636,721	659,384	689,230	639,741	627,865	434,085	394,069	385,720	315,502	360,012	285,345	278,672	299,994	283,780
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	27,660	0
Bank loan	0	0	0	0	0	0	0	50,478	52,043	53,523	54,930	56,315	57,514	58,729
Trade Creditors	181,100	224,704	250,320	247,414	283,750	142,039	166,076	1,020	2,721	2,278	1,798	30,778	13,495	1,010
Group/Directors Accounts	0	0	0	0	0	0	0	33,267	28,397	48,397	48,397	11,135	16,620	57,986
other short term finances	0	0	0	0	0	0	0	232	1,098	39,423	42,314	44,275	45,932	48,504
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	139,574	110,994	107,541	97,778	80,329	33,074	26,737
total current liabilities	181,100	224,704	250,320	247,414	283,750	142,039	166,076	224,571	195,253	251,162	245,217	222,832	194,295	192,966
loans	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
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	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	181,100	224,704	250,320	247,414	283,750	142,039	166,076	224,571	195,253	251,162	245,217	222,832	194,295	192,966
net assets	455,621	434,680	438,910	392,327	344,115	292,046	227,993	161,149	120,249	108,850	40,128	55,840	105,699	90,814
total shareholders funds	455,621	434,680	438,910	392,327	344,115	292,046	227,993	161,149	120,249	108,850	40,128	55,840	105,699	90,814

	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	25,853	-4,230	57,510	59,521	64,283	79,078	85,109	54,010	18,836	95,243	-9,317	-42,366	28,370	129,456
Depreciation	0	0	0	0	0	0	0	872	676	623	817	907	1,200	650
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,912	0	-10,927	-11,309	-12,214	-15,025	-16,736	-10,225	-3,030	-20,527	0	0	-5,789	-35,278
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	66,198	-25,292	-60,146	-18,009	-11,488	37,381	133,045	16,794	12,616	21,240	0	-12,472	12,472	100
Creditors	-43,604	-25,616	2,906	-36,336	141,711	-24,037	165,056	-1,701	443	480	-28,980	17,283	12,485	1,010
Accruals and Deferred Income	0	0	0	0	0	0	-139,574	28,580	3,453	9,763	17,449	47,255	6,337	26,737
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-88,861	-4,554	109,635	29,885	205,268	2,635	-39,190	54,742	7,762	64,342	-20,031	35,551	30,131	122,475
Investing Activities
capital expenditure	88,861	4,554	-109,635	-29,885	-205,268	-2,635	336	-1,511	63,414	0	-369	0	-2,054	-275,835
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	88,861	4,554	-109,635	-29,885	-205,268	-2,635	336	-1,511	63,414	0	-369	0	-2,054	-275,835
Financing Activities
Bank loans	0	0	0	0	0	0	-50,478	-1,565	-1,480	-1,407	-1,385	-1,199	-1,215	58,729
Group/Directors Accounts	0	0	0	0	0	0	-33,267	4,870	-20,000	0	37,262	-5,485	-41,366	57,986
Other Short Term Loans	0	0	0	0	0	0	-232	-866	-38,325	-2,891	-1,961	-1,657	-2,572	48,504
Long term loans	0	0	0	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	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	-1,430	-2,885	-4,408	-5,993	-6,395	-7,493	-7,696	-3,464
cash flow from financing	0	0	0	0	0	0	-85,507	-446	-64,213	-10,291	27,521	-15,834	-52,849	161,855
cash and cash equivalents
cash	0	0	0	0	0	0	-124,360	52,785	6,964	54,050	7,121	-7,943	2,888	8,495
overdraft	0	0	0	0	0	0	0	0	0	0	0	-27,660	27,660	0
change in cash	0	0	0	0	0	0	-124,360	52,785	6,964	54,050	7,121	19,717	-24,772	8,495

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mcgowan homes & property services limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in M24 area or any other competitors across 12 key performance metrics.

MCGOWAN HOMES & PROPERTY SERVICES LIMITED group structure

Mcgowan Homes & Property Services Limited has no subsidiary companies.

Ultimate parent company

MCGOWAN HOMES & PROPERTY SERVICES LIMITED

04807639

MCGOWAN HOMES & PROPERTY SERVICES LIMITED Shareholders

jonathan neil mcgowan	60%
catherine anne mcgowan	40%

Mcgowan Homes & Property Services Limited currently has 2 directors. The longest serving directors include Mr Jonathan McGowan (Jun 2003) and Mrs Catherine McGowan (Oct 2009).

officer	country	age	start	end	role
Mr Jonathan McGowan	England	58 years	Jun 2003	-	Director
Mrs Catherine McGowan	England	58 years	Oct 2009	-	Director

P&L

March 2023

turnover

500.7k

+52%

operating profit

25.9k

gross margin

29.1%

-4%

turnover

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

Balance Sheet

March 2023

net assets

455.6k

+0.05%

total assets

636.7k

-0.03%

cash

net assets

Total assets minus all liabilities

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company number

04807639

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

68100 - Buying and selling of own real estate

incorporation date

June 2003

ultimate parent company

None

previous names

N/A

address

43 middleton gardens, middleton, manchester, M24 1AB

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 7 charges/mortgages relating to mcgowan homes & property services limited. Currently there are 5 open charges and 2 have been satisfied in the past.

mcgowan homes & property services limited Company Information

mcgowan homes & property services limited Estimated Valuation

mcgowan homes & property services limited Estimated Valuation

mcgowan homes & property services limited Estimated Valuation

Mcgowan Homes & Property Services Limited Overview

Mcgowan Homes & Property Services Limited Health Check

MCGOWAN HOMES & PROPERTY SERVICES LIMITED financials

mcgowan homes & property services limited Credit Report and Business Information

Mcgowan Homes & Property Services Limited Competitor Analysis

mcgowan homes & property services limited Ownership

mcgowan homes & property services limited directors

mcgowan homes & property services limited company details

mcgowan homes & property services limited Charges & Mortgages

mcgowan homes & property services limited Companies House Filings - See Documents