M A C Groundwork Contractors Ltd

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m a c groundwork contractors ltd Company Information

Live

MatureMidRapid

Company Number

04957400

Website

www.macgroundworks.co.uk

Registered Address

offices 2, & 3 bow street chambers, rugeley, staffordshire, WS15 2BT

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Construction of roads and motorways

Telephone

01889500592

Next Accounts Due

September 2024

Group Structure

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Directors

Mark Crutchley20 Years

Stuart Hoptroff5 Years

Shareholders

mcpb ltd 100%

m a c groundwork contractors ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of M A C GROUNDWORK CONTRACTORS LTD at £1.7m based on a Turnover of £7.6m and 0.22x industry multiple (adjusted for size and gross margin).

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M A C Groundwork Contractors Ltd is a live company located in rugeley, WS15 2BT with a Companies House number of 04957400. It operates in the construction of roads and motorways sector, SIC Code 42110. Founded in November 2003, it's largest shareholder is mcpb ltd with a 100% stake. M A C Groundwork Contractors Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £7.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded M A C Groundwork Contractors Ltd a 2.5 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 Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £7.6m, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of 67%, show it is growing at a faster rate (5.3%)

EXPORT

M A C Groundwork Contractors Ltd's latest turnover from December 2022 is estimated at £7.6 million and the company has net assets of -£103 thousand. According to their latest financial statements, we estimate that M A C Groundwork Contractors Ltd has 20 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,607,742	7,286,050	3,400,596	1,626,957	2,064,747	2,155,837	1,877,944	2,609,513	2,397,058	1,622,595	1,190,441	814,331	719,406	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,677,411	6,435,286	3,013,348	1,431,104	1,814,213	1,879,603	1,624,445	2,263,042	2,103,694	1,424,325	1,039,959	704,348	616,143	0
Gross Profit	930,331	850,764	387,248	195,853	250,534	276,235	253,499	346,471	293,363	198,270	150,482	109,983	103,263	0
Admin Expenses	1,129,610	880,987	470,429	47,150	273,569	307,003	249,904	402,999	294,779	205,544	87,542	59,246	13,742	-76,731
Operating Profit	-199,279	-30,223	-83,181	148,703	-23,035	-30,768	3,595	-56,528	-1,416	-7,274	62,940	50,737	89,521	76,731
Interest Payable	0	0	0	444	1,139	669	0	0	0	0	278	278	0	0
Interest Receivable	0	0	138	1,034	0	137	256	548	274	204	202	291	191	0
Pre-Tax Profit	-199,279	-30,223	-83,043	149,293	-24,174	-31,300	3,851	-55,980	-1,142	-7,070	62,864	50,750	89,713	76,731
Tax	0	0	0	-28,366	0	0	-770	0	0	0	-15,087	-13,195	-25,119	-21,485
Profit After Tax	-199,279	-30,223	-83,043	120,927	-24,174	-31,300	3,081	-55,980	-1,142	-7,070	47,777	37,555	64,593	55,246
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-199,279	-30,223	-83,043	120,927	-24,174	-31,300	3,081	-55,980	-1,142	-7,070	47,777	37,555	64,593	55,246
Employee Costs	953,771	966,525	546,037	227,108	307,761	296,390	250,013	321,269	312,877	232,675	185,923	146,573	143,581	0
Number Of Employees	20	21	12	5	7	7	6	8	8	6	5	4	4	0
EBITDA*	-199,279	-30,223	-42,146	204,229	-23,035	47,834	40,716	-30,151	18,941	14,421	81,193	63,258	110,219	100,527

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	164,937	210,292	112,684	163,288	184,217	228,398	107,138	78,182	59,649	64,943	54,759	37,564	71,315	82,086
Intangible Assets	0	0	0	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000
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	164,937	210,292	112,684	178,288	199,217	243,398	122,138	93,182	74,649	79,943	69,759	52,564	86,315	97,086
Stock & work in progress	0	0	0	1,000	51,000	26,500	0	0	0	0	0	0	0	0
Trade Debtors	1,548,115	1,704,502	1,037,788	523,029	705,895	721,490	542,429	716,189	577,830	422,449	373,850	259,196	152,284	205,000
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,486	3,329	0	2,021	4,053	0	2,181	0	0	333	0	12,938	0	0
Cash	0	0	0	275,639	5	5	54,812	150,227	68,858	40,570	40,904	39,838	76,569	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,550,601	1,707,831	1,037,788	801,689	760,953	747,995	599,422	866,416	646,688	463,352	414,754	311,972	228,853	205,000
total assets	1,715,538	1,918,123	1,150,472	979,977	960,170	991,393	721,560	959,598	721,337	543,295	484,513	364,536	315,168	302,086
Bank overdraft	0	0	0	0	13,146	20,596	0	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	1,625,236	1,575,569	834,808	286,884	287,261	343,931	276,165	423,463	520,332	325,436	171,690	117,863	187,703	231,240
Group/Directors Accounts	0	0	0	394,604	430,488	329,025	207,004	297,760	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	29,357	41,826	56,512	28,078	18,202	0	0	0	0	0	0
other current liabilities	0	0	0	26,648	36,535	23,263	42,330	55,014	0	0	84,069	80,640	0	0
total current liabilities	1,625,236	1,575,569	834,808	737,493	809,256	773,327	553,577	794,439	520,332	325,436	255,759	198,503	187,703	231,240
loans	0	0	0	0	0	0	0	0	0	0	0	8,539	0	0
hp & lease commitments	0	0	0	32,871	62,228	105,206	23,823	24,080	3,946	0	0	0	0	0
Accruals and Deferred Income	4,950	6,200	11,950	0	0	0	0	0	0	0	0	0	0	0
other liabilities	188,384	240,107	177,244	0	0	0	0	0	0	19,658	23,483	0	7,526	15,500
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	193,334	246,307	189,194	32,871	62,228	105,206	23,823	24,080	3,946	19,658	23,483	8,539	7,526	15,500
total liabilities	1,818,570	1,821,876	1,024,002	770,364	871,484	878,533	577,400	818,519	524,278	345,094	279,242	207,042	195,229	246,740
net assets	-103,032	96,247	126,470	209,613	88,686	112,860	144,160	141,079	197,059	198,201	205,271	157,494	119,939	55,346
total shareholders funds	-103,032	96,247	126,470	209,613	88,686	112,860	144,160	141,079	197,059	198,201	205,271	157,494	119,939	55,346

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-199,279	-30,223	-83,181	148,703	-23,035	-30,768	3,595	-56,528	-1,416	-7,274	62,940	50,737	89,521	76,731
Depreciation	0	0	41,035	55,526	0	78,602	37,121	26,377	20,357	21,695	18,253	12,521	20,698	23,796
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-28,366	0	0	-770	0	0	0	-15,087	-13,195	-25,119	-21,485
Stock	0	0	-1,000	-50,000	24,500	26,500	0	0	0	0	0	0	0	0
Debtors	-157,230	670,043	512,738	-184,898	-11,542	176,880	-171,579	138,359	155,048	48,932	101,716	119,850	-52,716	205,000
Creditors	49,667	740,761	547,924	-377	-56,670	67,766	-147,298	-96,869	194,896	153,746	53,827	-69,840	-43,537	231,240
Accruals and Deferred Income	-1,250	-5,750	-14,698	-9,887	13,272	-19,067	-12,684	55,014	0	-84,069	3,429	80,640	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	6,368	34,745	-20,658	400,497	-79,391	-106,847	51,543	-210,365	58,789	35,166	21,646	-58,987	94,279	105,282
Investing Activities
capital expenditure	45,355	-97,608	24,569	-34,597	44,181	-199,862	-66,077	-44,910	-15,063	-31,879	-35,448	21,230	-9,927	-120,882
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	45,355	-97,608	24,569	-34,597	44,181	-199,862	-66,077	-44,910	-15,063	-31,879	-35,448	21,230	-9,927	-120,882
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-394,604	-35,884	101,463	122,021	-90,756	297,760	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	0	0	0	0	0	0	0	0	0	0	-8,539	8,539	0	0
Hire Purchase and Lease Commitments	0	0	-62,228	-41,826	-57,664	109,817	9,619	38,336	3,946	0	0	0	0	0
other long term liabilities	-51,723	62,863	177,244	0	0	0	0	0	-19,658	-3,825	23,483	-7,526	-7,974	15,500
share issue	0	0	-100	0	0	0	0	0	0	0	0	0	0	100
interest	0	0	138	590	-1,139	-532	256	548	274	204	-76	13	191	0
cash flow from financing	-51,723	62,863	-279,550	-77,120	42,660	231,306	-80,881	336,644	-15,438	-3,621	14,868	1,026	-7,783	15,600
cash and cash equivalents
cash	0	0	-275,639	275,634	0	-54,807	-95,415	81,369	28,288	-334	1,066	-36,731	76,569	0
overdraft	0	0	0	-13,146	-7,450	20,596	0	0	0	0	0	0	0	0
change in cash	0	0	-275,639	288,780	7,450	-75,403	-95,415	81,369	28,288	-334	1,066	-36,731	76,569	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M A C GROUNDWORK CONTRACTORS LTD group structure

M A C Groundwork Contractors Ltd has no subsidiary companies.

Ultimate parent company

MCPB LTD

07757710

1 parent

M A C GROUNDWORK CONTRACTORS LTD

04957400

M A C GROUNDWORK CONTRACTORS LTD Shareholders

mcpb ltd

100%

M A C Groundwork Contractors Ltd currently has 2 directors. The longest serving directors include Mr Mark Crutchley (Nov 2003) and Mr Stuart Hoptroff (Jul 2018).

officer	country	age	start	end	role
Mr Mark Crutchley		42 years	Nov 2003	-	Director
Mr Stuart Hoptroff		35 years	Jul 2018	-	Director

P&L

December 2022

turnover

7.6m

+4%

operating profit

-199.3k

gross margin

12.3%

+4.73%

turnover

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

Balance Sheet

December 2022

net assets

-103k

-2.07%

total assets

1.7m

-0.11%

cash

net assets

Total assets minus all liabilities

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company number

04957400

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

42110 - Construction of roads and motorways

incorporation date

November 2003

age

accounts

Micro-Entity Accounts

ultimate parent company

MCPB LTD

previous names

N/A

incorporated

address

offices 2, & 3 bow street chambers, rugeley, staffordshire, WS15 2BT

last accounts submitted

December 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 3 charges/mortgages relating to m a c groundwork contractors ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

m a c groundwork contractors ltd Company Information

m a c groundwork contractors ltd Estimated Valuation

m a c groundwork contractors ltd Estimated Valuation

m a c groundwork contractors ltd Estimated Valuation

M A C Groundwork Contractors Ltd Overview

M A C Groundwork Contractors Ltd Health Check

M A C GROUNDWORK CONTRACTORS LTD financials

m a c groundwork contractors ltd Credit Report and Business Information

M A C Groundwork Contractors Ltd Competitor Analysis

m a c groundwork contractors ltd Ownership

m a c groundwork contractors ltd directors

m a c groundwork contractors ltd company details

m a c groundwork contractors ltd Charges & Mortgages

m a c groundwork contractors ltd Companies House Filings - See Documents