a c plc
a c plc Company Information
Company Number
06526121
Website
www.acplc.netRegistered Address
5th floor grove house, 248a marylebone road, london, NW1 6BB
Industry
Construction of commercial buildings
Other construction installation
Telephone
01234765552
Next Accounts Due
282 days late
Group Structure
View All
Shareholders
andrew colin laing 100%
a c plc Estimated Valuation
Pomanda estimates the enterprise value of A C PLC at £41.8m based on a Turnover of £49.1m and 0.85x industry multiple (adjusted for size and gross margin).
a c plc Estimated Valuation
Pomanda estimates the enterprise value of A C PLC at £17.7m based on an EBITDA of £2m and a 8.74x industry multiple (adjusted for size and gross margin).
a c plc Estimated Valuation
Pomanda estimates the enterprise value of A C PLC at £52.6m based on Net Assets of £22.9m and 2.3x 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 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £49.1m, make it larger than the average company (£6m)
£49.1m - A C Plc
£6m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3%)
-3% - A C Plc
3% - Industry AVG
Production
with a gross margin of 22.8%, this company has a comparable cost of product (21.1%)
22.8% - A C Plc
21.1% - Industry AVG
Profitability
an operating margin of 3.1% make it less profitable than the average company (5.3%)
3.1% - A C Plc
5.3% - Industry AVG
Employees
with 193 employees, this is above the industry average (21)
193 - A C Plc
21 - Industry AVG
Pay Structure
on an average salary of £31.5k, the company has a lower pay structure (£44.3k)
£31.5k - A C Plc
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £254.6k, this is equally as efficient (£237.6k)
£254.6k - A C Plc
£237.6k - Industry AVG
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
Creditor Days
its suppliers are paid after 48 days, this is slower than average (39 days)
48 days - A C Plc
39 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is more than average (13 days)
17 days - A C Plc
13 days - Industry AVG
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
Debt Level
it has a ratio of liabilities to total assets of 48.1%, this is a lower level of debt than the average (69.4%)
48.1% - A C Plc
69.4% - Industry AVG
A C PLC financials
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 House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Apr 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 49,146,000 | 13,842,000 | 45,687,000 | 54,143,000 | 50,129,000 | 32,048,147 | 26,132,623 | 33,362,513 | 22,462,990 | 17,655,386 | 13,941,959 | 8,744,482 | 10,793,706 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 37,924,000 | 8,789,000 | 33,520,000 | 37,844,000 | 41,345,000 | 24,333,030 | 19,794,172 | 27,596,005 | 17,850,148 | 13,782,114 | 11,606,104 | 6,968,142 | 9,210,444 |
| Gross Profit | 11,222,000 | 5,053,000 | 12,167,000 | 16,299,000 | 8,784,000 | 7,715,117 | 6,338,451 | 5,766,508 | 4,612,842 | 3,873,272 | 2,335,855 | 1,776,340 | 1,583,262 |
| Admin Expenses | 9,694,000 | 3,534,000 | 6,742,000 | 7,247,000 | 5,677,000 | 6,073,283 | 5,531,264 | 5,096,288 | 3,385,930 | 3,228,660 | 1,834,927 | 1,375,139 | 1,673,862 |
| Operating Profit | 1,528,000 | 1,519,000 | 5,425,000 | 9,052,000 | 3,107,000 | 1,641,834 | 807,187 | 670,220 | 1,226,912 | 644,612 | 500,928 | 401,201 | -90,600 |
| Interest Payable | 201,000 | 117,000 | 0 | 0 | 107,000 | 149,480 | 169,365 | 63,897 | 18,452 | 44,976 | 19,775 | 14,254 | 10,585 |
| Interest Receivable | 0 | 11,000 | 1,000 | 22,000 | 0 | 0 | 0 | 0 | 6,869 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 946,000 | 4,532,000 | 5,489,000 | 9,074,000 | 3,000,000 | 1,492,354 | 637,822 | 606,323 | 1,215,329 | 599,636 | 481,153 | 386,947 | -101,185 |
| Tax | 529,000 | -451,000 | -466,000 | 1,502,000 | -626,000 | -327,529 | -127,564 | -120,171 | -276,966 | -169,248 | -90,679 | -85,258 | 19,479 |
| Profit After Tax | 1,475,000 | 4,081,000 | 5,023,000 | 10,576,000 | 2,374,000 | 1,164,825 | 510,258 | 486,152 | 938,363 | 430,388 | 390,474 | 301,689 | -81,706 |
| Dividends Paid | 0 | 1,000,000 | 2,000,000 | 0 | 500,000 | 300,000 | 0 | 0 | 0 | 81,000 | 230,000 | 180,000 | 0 |
| Retained Profit | 1,475,000 | 3,081,000 | 3,023,000 | 10,576,000 | 1,874,000 | 864,825 | 510,258 | 486,152 | 938,363 | 349,388 | 160,474 | 121,689 | -81,706 |
| Employee Costs | 6,083,000 | 5,592,000 | 6,884,000 | 4,782,000 | 3,978,000 | 3,474,497 | 4,128,040 | 3,457,613 | 2,364,270 | 1,939,337 | 1,189,270 | 801,018 | 1,031,533 |
| Number Of Employees | 193 | 64 | 103 | 76 | 75 | 66 | 89 | 87 | 57 | 36 | 23 | 23 | 34 |
| EBITDA* | 2,027,000 | 1,818,000 | 5,425,000 | 9,121,000 | 225,408,000 | 1,769,469 | 936,494 | 679,688 | 1,226,912 | 644,612 | 559,827 | 443,864 | -19,302 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Apr 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,566,000 | 1,495,000 | 1,302,000 | 1,781,000 | 352,000 | 240,521 | 333,092 | 417,768 | 0 | 0 | 183,838 | 128,961 | 152,497 |
| Intangible Assets | 106,000 | 47,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 1,672,000 | 1,542,000 | 1,302,000 | 1,781,000 | 352,000 | 240,521 | 333,092 | 417,768 | 0 | 0 | 183,838 | 128,961 | 152,497 |
| Stock & work in progress | 1,782,000 | 1,016,000 | 1,811,000 | 936,000 | 98,000 | 276,323 | 634,649 | 355,184 | 457,446 | 174,166 | 206,097 | 202,514 | 231,788 |
| Trade Debtors | 36,425,000 | 26,006,000 | 16,313,000 | 16,233,000 | 19,013,000 | 8,900,641 | 8,761,189 | 7,989,387 | 7,044,776 | 659,200 | 3,828,040 | 2,755,997 | 2,144,241 |
| Group Debtors | 64,000 | 33,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,440,000 | 3,072,000 | 3,846,000 | 4,582,000 | 1,557,000 | 475,941 | 1,231,536 | 1,102,657 | 60,087 | 3,560,404 | 297,311 | 154,853 | 120,730 |
| Cash | 692,000 | 4,516,000 | 5,884,000 | 1,875,000 | 2,112,000 | 625,918 | 515,651 | 89,849 | 31,724 | 787,066 | 16,068 | 4,507 | 4,668 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 42,403,000 | 34,643,000 | 27,854,000 | 23,626,000 | 22,780,000 | 10,278,823 | 11,143,025 | 9,537,077 | 7,594,033 | 5,180,836 | 4,347,516 | 3,117,871 | 2,501,427 |
| total assets | 44,075,000 | 36,185,000 | 29,156,000 | 25,407,000 | 23,132,000 | 10,519,344 | 11,476,117 | 9,954,845 | 7,594,033 | 5,180,836 | 4,531,354 | 3,246,832 | 2,653,924 |
| Bank overdraft | 0 | 0 | 0 | 250,000 | 0 | 405,825 | 1,811,224 | 1,372,193 | 807,187 | 0 | 688,132 | 586,063 | 425,201 |
| Bank loan | 2,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,915 | 91,774 | 0 | 0 | 0 |
| Trade Creditors | 5,075,000 | 1,550,000 | 3,252,000 | 3,781,000 | 11,211,000 | 2,672,893 | 2,897,687 | 3,720,702 | 3,057,190 | 1,902,184 | 1,648,427 | 1,068,237 | 766,206 |
| Group/Directors Accounts | 225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 517,037 | 57,156 | 895,334 | 485,171 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 120,000 | 120,000 | 120,000 | 120,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 16,000 | 309,000 | 0 | 0 | 72,832 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,739,000 | 4,867,000 | 7,609,000 | 6,139,000 | 6,306,000 | 3,618,055 | 3,279,325 | 2,243,756 | 843,142 | 1,570,383 | 257,483 | 217,575 | 692,395 |
| total current liabilities | 12,539,000 | 6,417,000 | 10,861,000 | 10,186,000 | 17,826,000 | 6,696,773 | 8,108,236 | 7,529,483 | 5,433,471 | 3,741,497 | 3,489,376 | 2,357,046 | 1,883,802 |
| loans | 8,500,000 | 8,500,000 | 0 | 0 | 0 | 431,859 | 841,994 | 409,733 | 631,085 | 848,226 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 16,000 | 41,000 | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 137,000 | 65,000 | 82,000 | 84,000 | 0 | 0 | 0 | 0 | 0 | 0 | 253 | 8,535 | 10,560 |
| total long term liabilities | 8,637,000 | 8,565,000 | 82,000 | 100,000 | 41,000 | 431,859 | 841,994 | 409,733 | 631,085 | 848,226 | 253 | 8,535 | 10,560 |
| total liabilities | 21,176,000 | 14,982,000 | 10,943,000 | 10,286,000 | 17,867,000 | 7,128,632 | 8,950,230 | 7,939,216 | 6,064,556 | 4,589,723 | 3,489,629 | 2,365,581 | 1,894,362 |
| net assets | 22,899,000 | 21,203,000 | 18,213,000 | 15,121,000 | 5,265,000 | 3,390,712 | 2,525,887 | 2,015,629 | 1,529,477 | 591,113 | 1,041,725 | 881,251 | 759,562 |
| total shareholders funds | 22,899,000 | 21,203,000 | 18,213,000 | 15,121,000 | 5,265,000 | 3,390,712 | 2,525,887 | 2,015,629 | 1,529,477 | 591,113 | 1,041,725 | 881,251 | 759,562 |
| Mar 2022 | Mar 2021 | Apr 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 | 1,528,000 | 1,519,000 | 5,425,000 | 9,052,000 | 3,107,000 | 1,641,834 | 807,187 | 670,220 | 1,226,912 | 644,612 | 500,928 | 401,201 | -90,600 |
| Depreciation | 469,000 | 299,000 | 0 | 69,000 | 222,301,000 | 127,635 | 129,307 | 9,468 | 0 | 0 | 58,899 | 42,663 | 71,298 |
| Amortisation | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 529,000 | -451,000 | -466,000 | 1,502,000 | -626,000 | -327,529 | -127,564 | -120,171 | -276,966 | -169,248 | -90,679 | -85,258 | 19,479 |
| Stock | 766,000 | -795,000 | 875,000 | 838,000 | -178,323 | -358,326 | 279,465 | -102,262 | 283,280 | -31,931 | 3,583 | -29,274 | 231,788 |
| Debtors | 10,818,000 | 8,952,000 | -656,000 | 245,000 | 11,193,418 | -616,143 | 900,681 | 1,987,181 | 2,885,259 | 94,253 | 1,214,501 | 645,879 | 2,264,971 |
| Creditors | 3,525,000 | -1,702,000 | -529,000 | -7,430,000 | 8,538,107 | -224,794 | -823,015 | 663,512 | 1,155,006 | 253,757 | 580,190 | 302,031 | 766,206 |
| Accruals and Deferred Income | -128,000 | -2,742,000 | 1,470,000 | -167,000 | 2,687,945 | 338,730 | 1,035,569 | 1,400,614 | -727,241 | 1,312,900 | 39,908 | -474,820 | 692,395 |
| Deferred Taxes & Provisions | 72,000 | -17,000 | -2,000 | 84,000 | 0 | 0 | 0 | 0 | 0 | -253 | -8,282 | -2,025 | 10,560 |
| Cash flow from operations | -5,559,000 | -11,251,000 | 5,679,000 | 2,027,000 | 224,992,957 | 2,530,345 | -158,662 | 738,724 | -1,790,828 | 1,979,446 | -137,120 | -432,813 | -1,027,421 |
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -693,000 | -37,263 | -50,584 | -426,403 | -20,650 | 183,838 | -128,122 | -19,127 | -50,513 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -693,000 | -37,263 | -50,584 | -426,403 | -20,650 | 183,838 | -128,122 | -19,127 | -50,513 |
| Financing Activities | |||||||||||||
| Bank loans | 2,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | -88,915 | -2,859 | 91,774 | 0 | 0 | 0 |
| Group/Directors Accounts | 225,000 | 0 | 0 | 0 | 0 | 0 | 0 | -517,037 | 459,881 | -838,178 | 410,163 | 485,171 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -120,000 | 0 | 0 | 0 | 120,000 | 0 | 0 | 0 |
| Long term loans | 0 | 8,500,000 | 0 | 0 | -431,859 | -410,135 | 432,261 | -221,352 | -217,141 | 848,226 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | -32,000 | -318,000 | 350,000 | 0 | -72,832 | 72,832 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -201,000 | -106,000 | 1,000 | 22,000 | -107,000 | -149,480 | -169,365 | -63,897 | -11,583 | -44,976 | -19,775 | -14,254 | -10,585 |
| cash flow from financing | 2,745,000 | 8,303,000 | 38,000 | -1,016,000 | -188,571 | -679,615 | 190,064 | -818,369 | 228,299 | -623,154 | 390,388 | 470,917 | 830,683 |
| cash and cash equivalents | |||||||||||||
| cash | -3,824,000 | -1,368,000 | 4,009,000 | -237,000 | 1,486,082 | 110,267 | 425,802 | 58,125 | -755,342 | 770,998 | 11,561 | -161 | 4,668 |
| overdraft | 0 | 0 | -250,000 | 250,000 | -405,825 | -1,405,399 | 439,031 | 565,006 | 807,187 | -688,132 | 102,069 | 160,862 | 425,201 |
| change in cash | -3,824,000 | -1,368,000 | 4,259,000 | -487,000 | 1,891,907 | 1,515,666 | -13,229 | -506,881 | -1,562,529 | 1,459,130 | -90,508 | -161,023 | -420,533 |
a c plc Credit Report and Business Information
A C Plc Competitor Analysis
Perform a competitor analysis for a c plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
a c plc Ownership
A C PLC group structure
A C Plc has 4 subsidiary companies.
Ultimate parent company
A C PLC
06526121
4 subsidiaries
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Laing | England | 55 years | Mar 2008 | - | Director |
| Ms Angela Douty | England | 60 years | Aug 2012 | - | Director |
| Mr Stuart Carss | 51 years | Nov 2019 | - | Director | |
| Mr Mark Thompson | United Kingdom | 57 years | Jul 2020 | - | Director |
P&L
March 2022turnover
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 2022net 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
16
accounts
Group
ultimate parent company
previous names
a. c. flooring (marston moretaine) limited (May 2008)
incorporated
UK
address
5th floor grove house, 248a marylebone road, london, NW1 6BB
last accounts submitted
March 2022
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 Companies House Filings - See Documents
| date | description | view/download |
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