a c plc

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a c plc Company Information

Share A C PLC

Company Number

06526121

Directors

Andrew Laing

Angela Douty

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Shareholders

andrew colin laing

Group Structure

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Industry

Construction of commercial buildings

 +1

Registered Address

5th floor grove house, 248a marylebone road, london, NW1 6BB

a c plc Estimated Valuation

£40.5m

Pomanda estimates the enterprise value of A C PLC at £40.5m based on a Turnover of £49.1m and 0.82x industry multiple (adjusted for size and gross margin).

a c plc Estimated Valuation

£16.5m

Pomanda estimates the enterprise value of A C PLC at £16.5m based on an EBITDA of £2m and a 8.13x industry multiple (adjusted for size and gross margin).

a c plc Estimated Valuation

£52.3m

Pomanda estimates the enterprise value of A C PLC at £52.3m based on Net Assets of £22.9m and 2.29x industry multiple (adjusted for liquidity).

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A C Plc Overview

A C Plc is a live company located in london, NW1 6BB with a Companies House number of 06526121. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in March 2008, it's largest shareholder is andrew colin laing with a 100% stake. A C Plc is a established, large sized company, Pomanda has estimated its turnover at £49.1m with declining growth in recent years.

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A C Plc Health Check

Pomanda's financial health check has awarded A C Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £49.1m, make it larger than the average company (£5.4m)

£49.1m - A C Plc

£5.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.3%)

-3% - A C Plc

3.3% - Industry AVG

production

Production

with a gross margin of 22.8%, this company has a comparable cost of product (21.4%)

22.8% - A C Plc

21.4% - Industry AVG

profitability

Profitability

an operating margin of 3.1% make it less profitable than the average company (5.2%)

3.1% - A C Plc

5.2% - Industry AVG

employees

Employees

with 193 employees, this is above the industry average (20)

193 - A C Plc

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.5k, the company has a lower pay structure (£45.4k)

£31.5k - A C Plc

£45.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £254.6k, this is equally as efficient (£231.6k)

£254.6k - A C Plc

£231.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 270 days, this is later than average (55 days)

270 days - A C Plc

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 48 days, this is slower than average (40 days)

48 days - A C Plc

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 17 days, this is in line with average (17 days)

17 days - A C Plc

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (24 weeks)

2 weeks - A C Plc

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48.1%, this is a lower level of debt than the average (67.8%)

48.1% - A C Plc

67.8% - Industry AVG

A C PLC financials

EXPORTms excel logo

A C Plc's latest turnover from March 2022 is £49.1 million and the company has net assets of £22.9 million. According to their latest financial statements, A C Plc has 193 employees and maintains cash reserves of £692 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2022Mar 2021Apr 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover49,146,00013,842,00045,687,00054,143,00050,129,00032,048,14726,132,62333,362,51322,462,99017,655,38613,941,9598,744,48210,793,706
Other Income Or Grants
Cost Of Sales37,924,0008,789,00033,520,00037,844,00041,345,00024,333,03019,794,17227,596,00517,850,14813,782,11411,606,1046,968,1429,210,444
Gross Profit11,222,0005,053,00012,167,00016,299,0008,784,0007,715,1176,338,4515,766,5084,612,8423,873,2722,335,8551,776,3401,583,262
Admin Expenses9,694,0003,534,0006,742,0007,247,0005,677,0006,073,2835,531,2645,096,2883,385,9303,228,6601,834,9271,375,1391,673,862
Operating Profit1,528,0001,519,0005,425,0009,052,0003,107,0001,641,834807,187670,2201,226,912644,612500,928401,201-90,600
Interest Payable201,000117,000107,000149,480169,36563,89718,45244,97619,77514,25410,585
Interest Receivable11,0001,00022,0006,869
Pre-Tax Profit946,0004,532,0005,489,0009,074,0003,000,0001,492,354637,822606,3231,215,329599,636481,153386,947-101,185
Tax529,000-451,000-466,0001,502,000-626,000-327,529-127,564-120,171-276,966-169,248-90,679-85,25819,479
Profit After Tax1,475,0004,081,0005,023,00010,576,0002,374,0001,164,825510,258486,152938,363430,388390,474301,689-81,706
Dividends Paid1,000,0002,000,000500,000300,00081,000230,000180,000
Retained Profit1,475,0003,081,0003,023,00010,576,0001,874,000864,825510,258486,152938,363349,388160,474121,689-81,706
Employee Costs6,083,0005,592,0006,884,0004,782,0003,978,0003,474,4974,128,0403,457,6132,364,2701,939,3371,189,270801,0181,031,533
Number Of Employees1936410376756689875736232334
EBITDA*2,027,0001,818,0005,425,0009,121,000225,408,0001,769,469936,494679,6881,226,912644,612559,827443,864-19,302

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2022Mar 2021Apr 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,566,0001,495,0001,302,0001,781,000352,000240,521333,092417,768183,838128,961152,497
Intangible Assets106,00047,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,672,0001,542,0001,302,0001,781,000352,000240,521333,092417,768183,838128,961152,497
Stock & work in progress1,782,0001,016,0001,811,000936,00098,000276,323634,649355,184457,446174,166206,097202,514231,788
Trade Debtors36,425,00026,006,00016,313,00016,233,00019,013,0008,900,6418,761,1897,989,3877,044,776659,2003,828,0402,755,9972,144,241
Group Debtors64,00033,000
Misc Debtors3,440,0003,072,0003,846,0004,582,0001,557,000475,9411,231,5361,102,65760,0873,560,404297,311154,853120,730
Cash692,0004,516,0005,884,0001,875,0002,112,000625,918515,65189,84931,724787,06616,0684,5074,668
misc current assets
total current assets42,403,00034,643,00027,854,00023,626,00022,780,00010,278,82311,143,0259,537,0777,594,0335,180,8364,347,5163,117,8712,501,427
total assets44,075,00036,185,00029,156,00025,407,00023,132,00010,519,34411,476,1179,954,8457,594,0335,180,8364,531,3543,246,8322,653,924
Bank overdraft250,000405,8251,811,2241,372,193807,187688,132586,063425,201
Bank loan2,500,00088,91591,774
Trade Creditors 5,075,0001,550,0003,252,0003,781,00011,211,0002,672,8932,897,6873,720,7023,057,1901,902,1841,648,4271,068,237766,206
Group/Directors Accounts225,000517,03757,156895,334485,171
other short term finances120,000120,000120,000120,000
hp & lease commitments16,000309,00072,832
other current liabilities4,739,0004,867,0007,609,0006,139,0006,306,0003,618,0553,279,3252,243,756843,1421,570,383257,483217,575692,395
total current liabilities12,539,0006,417,00010,861,00010,186,00017,826,0006,696,7738,108,2367,529,4835,433,4713,741,4973,489,3762,357,0461,883,802
loans8,500,0008,500,000431,859841,994409,733631,085848,226
hp & lease commitments16,00041,000
Accruals and Deferred Income
other liabilities
provisions137,00065,00082,00084,0002538,53510,560
total long term liabilities8,637,0008,565,00082,000100,00041,000431,859841,994409,733631,085848,2262538,53510,560
total liabilities21,176,00014,982,00010,943,00010,286,00017,867,0007,128,6328,950,2307,939,2166,064,5564,589,7233,489,6292,365,5811,894,362
net assets22,899,00021,203,00018,213,00015,121,0005,265,0003,390,7122,525,8872,015,6291,529,477591,1131,041,725881,251759,562
total shareholders funds22,899,00021,203,00018,213,00015,121,0005,265,0003,390,7122,525,8872,015,6291,529,477591,1131,041,725881,251759,562
Mar 2022Mar 2021Apr 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,528,0001,519,0005,425,0009,052,0003,107,0001,641,834807,187670,2201,226,912644,612500,928401,201-90,600
Depreciation469,000299,00069,000222,301,000127,635129,3079,46858,89942,66371,298
Amortisation30,000
Tax529,000-451,000-466,0001,502,000-626,000-327,529-127,564-120,171-276,966-169,248-90,679-85,25819,479
Stock766,000-795,000875,000838,000-178,323-358,326279,465-102,262283,280-31,9313,583-29,274231,788
Debtors10,818,0008,952,000-656,000245,00011,193,418-616,143900,6811,987,1812,885,25994,2531,214,501645,8792,264,971
Creditors3,525,000-1,702,000-529,000-7,430,0008,538,107-224,794-823,015663,5121,155,006253,757580,190302,031766,206
Accruals and Deferred Income-128,000-2,742,0001,470,000-167,0002,687,945338,7301,035,5691,400,614-727,2411,312,90039,908-474,820692,395
Deferred Taxes & Provisions72,000-17,000-2,00084,000-253-8,282-2,02510,560
Cash flow from operations-5,559,000-11,251,0005,679,0002,027,000224,992,9572,530,345-158,662738,724-1,790,8281,979,446-137,120-432,813-1,027,421
Investing Activities
capital expenditure-693,000-37,263-50,584-426,403-20,650183,838-128,122-19,127-50,513
Change in Investments
cash flow from investments-693,000-37,263-50,584-426,403-20,650183,838-128,122-19,127-50,513
Financing Activities
Bank loans2,500,000-88,915-2,85991,774
Group/Directors Accounts225,000-517,037459,881-838,178410,163485,171
Other Short Term Loans -120,000120,000
Long term loans8,500,000-431,859-410,135432,261-221,352-217,141848,226
Hire Purchase and Lease Commitments-32,000-318,000350,000-72,83272,832
other long term liabilities
share issue221,000-91,00069,000-720,0002881-800,000841,268
interest-201,000-106,0001,00022,000-107,000-149,480-169,365-63,897-11,583-44,976-19,775-14,254-10,585
cash flow from financing2,745,0008,303,00038,000-1,016,000-188,571-679,615190,064-818,369228,299-623,154390,388470,917830,683
cash and cash equivalents
cash-3,824,000-1,368,0004,009,000-237,0001,486,082110,267425,80258,125-755,342770,99811,561-1614,668
overdraft-250,000250,000-405,825-1,405,399439,031565,006807,187-688,132102,069160,862425,201
change in cash-3,824,000-1,368,0004,259,000-487,0001,891,9071,515,666-13,229-506,881-1,562,5291,459,130-90,508-161,023-420,533

a c plc 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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A C Plc Competitor Analysis

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Perform a competitor analysis for a c plc by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in NW1 area or any other competitors across 12 key performance metrics.

a c plc Ownership

A C PLC group structure

A C Plc has 4 subsidiary companies.

A C PLC Shareholders

andrew colin laing 100%

a c plc directors

A C Plc currently has 4 directors. The longest serving directors include Mr Andrew Laing (Mar 2008) and Ms Angela Douty (Aug 2012).

officercountryagestartendrole
Mr Andrew LaingEngland56 years Mar 2008- Director
Ms Angela DoutyEngland61 years Aug 2012- Director
Mr Stuart CarssEngland52 years Nov 2019- Director
Mr Mark ThompsonEngland58 years Jul 2020- Director

P&L

March 2022

turnover

49.1m

+255%

operating profit

1.5m

+1%

gross margin

22.9%

-37.45%

turnover

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

Balance Sheet

March 2022

net assets

22.9m

+0.08%

total assets

44.1m

+0.22%

cash

692k

-0.85%

net assets

Total assets minus all liabilities

a c plc company details

company number

06526121

Type

Public limited with Share Capital

industry

41201 - Construction of commercial buildings

43290 - Other construction installation

incorporation date

March 2008

age

17

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2022

previous names

a. c. flooring (marston moretaine) limited (May 2008)

accountant

-

auditor

MHA MACINTYRE HUDSON

address

5th floor grove house, 248a marylebone road, london, NW1 6BB

Bank

-

Legal Advisor

-

a c plc 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 5 charges/mortgages relating to a c plc. Currently there are 1 open charges and 4 have been satisfied in the past.

a c plc 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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a c plc Companies House Filings - See Documents

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