Rmc Mechanical Services Limited

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rmc mechanical services limited Company Information

Live

EstablishedSmallRapid

Company Number

05470580

Website

www.rmcmechanical.co.uk

Registered Address

unit 1,steelhouse lane, steelhouse lane, wolverhampton, west midlands, WV2 2AF

Industry

Plumbing, heat and air-conditioning installation

Telephone

01902451541

Next Accounts Due

July 2025

Group Structure

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Directors

Clive Jones19 Years

Martin Jones19 Years

Shareholders

martin issac jones 39%

clive william jones 39%

View All

rmc mechanical services limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of RMC MECHANICAL SERVICES LIMITED at £4m based on Net Assets of £1.3m and 3.13x industry multiple (adjusted for liquidity).

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Rmc Mechanical Services Limited is a live company located in wolverhampton, WV2 2AF with a Companies House number of 05470580. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in June 2005, it's largest shareholder is martin issac jones with a 39% stake. Rmc Mechanical Services Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Rmc Mechanical Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

2 Regular

1 Weak

Size

annual sales of £3.4m, make it larger than the average company (£323.1k)

Growth

3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (8.5%)

EXPORT

Rmc Mechanical Services Limited's latest turnover from October 2023 is estimated at £3.4 million and the company has net assets of £1.3 million. According to their latest financial statements, Rmc Mechanical Services Limited has 15 employees and maintains cash reserves of £839.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	3,370,018	1,355,392	835,599	672,951	1,560,188	1,018,652	905,038	1,241,961	653,858	1,991,070	1,370,914	681,202	1,453,866	664,762
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,427,646	958,568	600,909	468,175	1,044,961	685,418	589,008	803,817	432,596	1,266,292	850,343	420,711	890,577	387,800
Gross Profit	942,372	396,824	234,691	204,776	515,227	333,234	316,030	438,144	221,262	724,778	520,571	260,490	563,289	276,962
Admin Expenses	596,349	399,345	329,248	-122,759	-110,922	489,048	270,000	399,728	394,221	543,611	437,568	221,978	538,851	-143,800
Operating Profit	346,023	-2,521	-94,557	327,535	626,149	-155,814	46,030	38,416	-172,959	181,167	83,003	38,512	24,438	420,762
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	40,275	16,732	839	979	4,939	1,627	906	1,613	1,886	2,371	1,988	1,472	1,042	449
Pre-Tax Profit	386,299	14,211	-93,718	328,514	631,088	-154,187	46,936	40,029	-171,073	183,538	84,991	39,984	25,480	421,211
Tax	-96,575	-2,700	0	-62,418	-119,907	0	-8,918	-8,006	0	-38,543	-19,548	-9,596	-6,625	-117,939
Profit After Tax	289,724	11,511	-93,718	266,096	511,181	-154,187	38,018	32,023	-171,073	144,995	65,443	30,388	18,855	303,272
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	289,724	11,511	-93,718	266,096	511,181	-154,187	38,018	32,023	-171,073	144,995	65,443	30,388	18,855	303,272
Employee Costs	493,425	249,358	265,347	264,000	346,156	316,940	265,101	365,166	177,546	529,951	353,375	206,804	451,302	224,712
Number Of Employees	15	8	8	8	10	9	8	10	5	15	10	6	13	7
EBITDA*	377,375	36,271	-56,221	364,551	654,924	-127,542	64,424	58,530	-131,250	225,832	113,179	68,676	50,883	450,039

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	225,501	229,889	237,685	197,798	203,730	206,389	176,760	176,769	184,911	72,188	42,917	28,697	19,986	25,831
Intangible Assets	0	0	0	0	0	0	0	0	1,717	22,317	28,726	63,517	84,117	104,717
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	225,501	229,889	237,685	197,798	203,730	206,389	176,760	176,769	186,628	94,505	71,643	92,214	104,103	130,548
Stock & work in progress	15,020	11,483	44,869	3,045	12,174	11,594	11,042	9,715	8,465	8,240	6,895	5,715	0	0
Trade Debtors	896,645	351,680	130,918	117,014	257,758	179,464	162,236	199,346	93,108	327,878	192,389	83,181	197,988	90,415
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	21,339	12,445	12,502	24	24	24	24	24	0	0	0	0	0	0
Cash	839,096	771,922	715,408	962,952	994,814	322,151	328,635	395,944	249,342	504,924	443,434	351,798	237,054	179,735
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,772,100	1,147,530	903,697	1,083,035	1,264,770	513,233	501,937	605,029	350,915	841,042	642,718	440,694	435,042	270,150
total assets	1,997,601	1,377,419	1,141,382	1,280,833	1,468,500	719,622	678,697	781,798	537,543	935,547	714,361	532,908	539,145	400,698
Bank overdraft	0	0	0	0	0	0	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	376,990	192,996	111,488	80,738	378,479	174,451	100,689	233,286	145,564	372,495	296,304	180,294	216,919	97,327
Group/Directors Accounts	17,285	2,569	0	0	126	0	0	31,232	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	8,321	8,321	0	0	16,063	0	0	0	0	0	0	0	0	0
other current liabilities	298,911	158,842	38,502	114,985	233,596	200,052	115,988	93,278	0	0	0	0	0	0
total current liabilities	701,507	362,728	149,990	195,723	628,264	374,503	216,677	357,796	145,564	372,495	296,304	180,294	216,919	97,327
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,467	11,788	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	21,222	37,286	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	3,467	11,788	0	0	21,222	37,286	0	0	0	0	0	0	0	0
total liabilities	704,974	374,516	149,990	195,723	649,486	411,789	216,677	357,796	145,564	372,495	296,304	180,294	216,919	97,327
net assets	1,292,627	1,002,903	991,392	1,085,110	819,014	307,833	462,020	424,002	391,979	563,052	418,057	352,614	322,226	303,371
total shareholders funds	1,292,627	1,002,903	991,392	1,085,110	819,014	307,833	462,020	424,002	391,979	563,052	418,057	352,614	322,226	303,371

	Oct 2023	Oct 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	346,023	-2,521	-94,557	327,535	626,149	-155,814	46,030	38,416	-172,959	181,167	83,003	38,512	24,438	420,762
Depreciation	31,352	38,792	38,336	37,016	28,775	28,272	18,394	18,397	21,109	24,065	20,600	9,564	5,845	8,677
Amortisation	0	0	0	0	0	0	0	1,717	20,600	20,600	9,576	20,600	20,600	20,600
Tax	-96,575	-2,700	0	-62,418	-119,907	0	-8,918	-8,006	0	-38,543	-19,548	-9,596	-6,625	-117,939
Stock	3,537	-33,386	41,824	-9,129	580	552	1,327	1,250	225	1,345	1,180	5,715	0	0
Debtors	553,859	220,705	26,382	-140,744	78,294	17,228	-37,110	106,262	-234,770	135,489	109,208	-114,807	107,573	90,415
Creditors	183,994	81,508	30,750	-297,741	204,028	73,762	-132,597	87,722	-226,931	76,191	116,010	-36,625	119,592	97,327
Accruals and Deferred Income	140,069	120,340	-76,483	-118,611	33,544	84,064	22,710	93,278	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	47,467	48,100	-170,160	35,654	693,715	12,504	-18,598	124,012	-123,636	126,646	99,253	131,547	56,277	339,012
Investing Activities
capital expenditure	-26,964	-30,996	-78,223	-31,084	-26,116	-57,901	-18,385	-10,255	-133,832	-67,527	-9,605	-18,275	0	-159,825
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-26,964	-30,996	-78,223	-31,084	-26,116	-57,901	-18,385	-10,255	-133,832	-67,527	-9,605	-18,275	0	-159,825
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	14,716	2,569	0	-126	126	0	-31,232	31,232	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	0	0	0	0
Hire Purchase and Lease Commitments	-8,321	20,109	0	-16,063	16,063	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-21,222	-16,064	37,286	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	99
interest	40,275	16,732	839	979	4,939	1,627	906	1,613	1,886	2,371	1,988	1,472	1,042	449
cash flow from financing	46,670	39,410	839	-36,432	5,064	38,913	-30,326	32,845	1,886	2,371	1,988	1,472	1,042	548
cash and cash equivalents
cash	67,174	56,514	-247,544	-31,862	672,663	-6,484	-67,309	146,602	-255,582	61,490	91,636	114,744	57,319	179,735
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	67,174	56,514	-247,544	-31,862	672,663	-6,484	-67,309	146,602	-255,582	61,490	91,636	114,744	57,319	179,735

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RMC MECHANICAL SERVICES LIMITED group structure

Rmc Mechanical Services Limited has no subsidiary companies.

Ultimate parent company

RMC MECHANICAL SERVICES LIMITED

05470580

RMC MECHANICAL SERVICES LIMITED Shareholders

martin issac jones	39%
clive william jones	39%
paula jones	11%
ann louise jones	11%

Rmc Mechanical Services Limited currently has 2 directors. The longest serving directors include Mr Clive Jones (Jun 2005) and Mr Martin Jones (Jun 2005).

officer	country	age	start	end	role
Mr Clive Jones		56 years	Jun 2005	-	Director
Mr Martin Jones		58 years	Jun 2005	-	Director

P&L

October 2023

turnover

3.4m

+149%

operating profit

346k

gross margin

28%

-4.49%

turnover

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

Balance Sheet

October 2023

net assets

1.3m

+0.29%

total assets

+0.45%

cash

839.1k

+0.09%

net assets

Total assets minus all liabilities

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company number

05470580

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

June 2005

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

October 2023

address

unit 1,steelhouse lane, steelhouse lane, wolverhampton, west midlands, WV2 2AF

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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rmc mechanical services limited Company Information

rmc mechanical services limited Estimated Valuation

rmc mechanical services limited Estimated Valuation

rmc mechanical services limited Estimated Valuation

Rmc Mechanical Services Limited Overview

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RMC MECHANICAL SERVICES LIMITED financials

rmc mechanical services limited Credit Report and Business Information

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rmc mechanical services limited Ownership

rmc mechanical services limited directors

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