Medway Civils & Utilities Ltd

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medway civils & utilities ltd Company Information

Live

EstablishedSmallLow

Company Number

07120671

Website

Registered Address

70 chatham road, nr aylesford, maidstone, kent, ME20 7EQ

Industry

Construction of utility projects for fluids

Telephone

Next Accounts Due

November 2024

Group Structure

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Directors

Michael Convey14 Years

Paul O Connell14 Years

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Shareholders

michael convey 70%

kevin moran 30%

medway civils & utilities ltd Estimated Valuation

£564k

Pomanda estimates the enterprise value of MEDWAY CIVILS & UTILITIES LTD at £564k based on a Turnover of £2.6m and 0.22x industry multiple (adjusted for size and gross margin).

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Medway Civils & Utilities Ltd is a live company located in maidstone, ME20 7EQ with a Companies House number of 07120671. It operates in the construction of utility projects for fluids sector, SIC Code 42210. Founded in January 2010, it's largest shareholder is michael convey with a 70% stake. Medway Civils & Utilities Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.6m with low growth in recent years.

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Pomanda's financial health check has awarded Medway Civils & Utilities Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £2.6m, make it in line with the average company (£2.5m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a faster rate (0.6%)

EXPORT

Medway Civils & Utilities Ltd's latest turnover from February 2023 is estimated at £2.6 million and the company has net assets of -£1.3 million. According to their latest financial statements, Medway Civils & Utilities Ltd has 10 employees and maintains cash reserves of £24.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Turnover	2,590,581	1,394,069	2,968,815	2,524,846	3,545,025	3,132,339	5,482,841	6,137,254	8,494,977	5,555,215	8,717,749	6,346,471	1,059,008
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,074,593	1,015,524	2,162,665	1,837,353	2,408,985	2,121,102	3,782,324	4,608,741	5,894,280	3,774,723	5,948,522	4,418,557	733,700
Gross Profit	515,988	378,545	806,151	687,493	1,136,040	1,011,237	1,700,517	1,528,513	2,600,698	1,780,492	2,769,227	1,927,914	325,308
Admin Expenses	507,909	1,072,578	1,276,315	1,320,882	1,316,074	609,457	511,160	813,553	2,030,230	2,001,453	4,095,416	2,005,378	260,653
Operating Profit	8,079	-694,033	-470,164	-633,389	-180,034	401,780	1,189,357	714,960	570,468	-220,961	-1,326,189	-77,464	64,655
Interest Payable	42,497	13,594	985	3,259	3,386	3,150	4,225	2,164	0	0	0	0	0
Interest Receivable	2,558	1,229	423	4,420	5,397	2,884	677	264	0	0	115	240	125
Pre-Tax Profit	-31,860	-706,397	-470,726	-632,228	-178,023	401,514	1,185,810	713,060	570,468	-220,961	-1,326,074	-77,224	64,779
Tax	0	0	0	0	0	-76,288	-237,162	-142,612	-119,798	0	0	0	-18,138
Profit After Tax	-31,860	-706,397	-470,726	-632,228	-178,023	325,226	948,648	570,448	450,670	-220,961	-1,326,074	-77,224	46,641
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-31,860	-706,397	-470,726	-632,228	-178,023	325,226	948,648	570,448	450,670	-220,961	-1,326,074	-77,224	46,641
Employee Costs	443,540	388,158	729,317	683,349	673,823	699,907	616,122	1,695,106	2,007,002	1,662,390	2,547,606	2,224,808	282,298
Number Of Employees	10	10	15	15	17	18	16	45	54	43	81	55	8
EBITDA*	32,431	-674,231	-445,435	-600,261	-141,646	470,748	1,197,328	724,421	580,534	-211,500	-1,317,830	-71,564	70,555

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Tangible Assets	65,862	90,214	73,157	95,988	126,524	164,912	9,132	7,103	16,314	23,956	29,013	31,334	33,434
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	42,000	42,000	42,000	42,000	42,000	36,500	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	107,862	132,214	115,157	137,988	168,524	201,412	9,132	7,103	16,314	23,956	29,013	31,334	33,434
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	252,471	48,024	362,099	346,867	880,898	526,205	1,253,455	1,022,796	890,062	712,092	752,656	1,029,013	171,461
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	245,756	376,519	280,300	375,493	771,112	821,112	1,298,655	515,174	0	0	0	0	0
Cash	24,820	103,078	388,592	456,869	721,726	717,417	436,253	105,694	0	0	0	46,178	49,867
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	523,047	527,621	1,030,991	1,179,229	2,373,736	2,064,734	2,988,363	1,643,664	890,062	712,092	752,656	1,075,191	221,328
total assets	630,909	659,835	1,146,148	1,317,217	2,542,260	2,266,146	2,997,495	1,650,767	906,376	736,048	781,669	1,106,525	254,762
Bank overdraft	68,612	74,670	7,716	24,568	71,990	28,333	68,596	66,591	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	532,724	403,816	752,092	448,929	185,077	499,463	436,032	441,526	1,823,324	2,103,666	1,928,326	962,768	149,885
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	578,373	682,226	660,491	686,597	1,495,842	928,413	1,403,518	1,091,949	0	0	0	0	0
total current liabilities	1,179,709	1,160,712	1,420,299	1,160,094	1,752,909	1,456,209	1,908,146	1,600,066	1,823,324	2,103,666	1,928,326	962,768	149,885
loans	370,778	335,878	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	382,282	433,245	289,452	250,000	250,000	92,563	697,201	607,201	210,000	210,000	210,000	174,340	58,235
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	753,060	769,123	289,452	250,000	250,000	92,563	697,201	607,201	210,000	210,000	210,000	174,340	58,235
total liabilities	1,932,769	1,929,835	1,709,751	1,410,094	2,002,909	1,548,772	2,605,347	2,207,267	2,033,324	2,313,666	2,138,326	1,137,108	208,120
net assets	-1,301,860	-1,270,000	-563,603	-92,877	539,351	717,374	392,148	-556,500	-1,126,948	-1,577,618	-1,356,657	-30,583	46,642
total shareholders funds	-1,301,860	-1,270,000	-563,603	-92,877	539,351	717,374	392,148	-556,500	-1,126,948	-1,577,618	-1,356,657	-30,583	46,642

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Operating Activities
Operating Profit	8,079	-694,033	-470,164	-633,389	-180,034	401,780	1,189,357	714,960	570,468	-220,961	-1,326,189	-77,464	64,655
Depreciation	24,352	19,802	24,729	33,128	38,388	68,968	7,971	9,461	10,066	9,461	8,359	5,900	5,900
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-76,288	-237,162	-142,612	-119,798	0	0	0	-18,138
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	73,684	-217,856	-79,961	-929,650	304,693	-1,204,793	1,014,140	647,908	177,970	-40,564	-276,357	857,552	171,461
Creditors	128,908	-348,276	303,163	263,852	-314,386	63,431	-5,494	-1,381,798	-280,342	175,340	965,558	812,883	149,885
Accruals and Deferred Income	-103,853	21,735	-26,106	-809,245	567,429	-475,105	311,569	1,091,949	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-16,198	-782,916	-88,417	-216,004	-193,296	1,187,579	252,101	-355,948	2,424	4,404	-75,915	-116,233	30,841
Investing Activities
capital expenditure	0	-36,859	-1,898	-2,592	0	-224,748	-10,000	-250	-2,424	-4,404	-6,038	-3,800	-39,334
Change in Investments	0	0	0	0	5,500	36,500	0	0	0	0	0	0	0
cash flow from investments	0	-36,859	-1,898	-2,592	-5,500	-261,248	-10,000	-250	-2,424	-4,404	-6,038	-3,800	-39,334
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	34,900	335,878	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
other long term liabilities	-50,963	143,793	39,452	0	157,437	-604,638	90,000	397,201	0	0	35,660	116,105	58,235
share issue	0	0	0	0	0	0	0	0	0	0	0	-1	1
interest	-39,939	-12,365	-562	1,161	2,011	-266	-3,548	-1,900	0	0	115	240	125
cash flow from financing	-56,002	467,306	38,890	1,161	159,448	-604,904	86,452	395,301	0	0	35,775	116,344	58,361
cash and cash equivalents
cash	-78,258	-285,514	-68,277	-264,857	4,309	281,164	330,559	105,694	0	0	-46,178	-3,689	49,867
overdraft	-6,058	66,954	-16,852	-47,422	43,657	-40,263	2,005	66,591	0	0	0	0	0
change in cash	-72,200	-352,468	-51,425	-217,435	-39,348	321,427	328,554	39,103	0	0	-46,178	-3,689	49,867

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEDWAY CIVILS & UTILITIES LTD group structure

Medway Civils & Utilities Ltd has no subsidiary companies.

Ultimate parent company

MEDWAY CIVILS & UTILITIES LTD

07120671

MEDWAY CIVILS & UTILITIES LTD Shareholders

michael convey	70%
kevin moran	30%

Medway Civils & Utilities Ltd currently has 3 directors. The longest serving directors include Mr Michael Convey (Jan 2010) and Mr Paul O Connell (Jan 2010).

officer	country	age	start	end	role
Mr Michael Convey		63 years	Jan 2010	-	Director
Mr Paul O Connell	United Kingdom	69 years	Jan 2010	-	Director
Mr Kevin Moran	United Kingdom	60 years	Jan 2010	-	Director

P&L

February 2023

turnover

2.6m

+86%

operating profit

8.1k

gross margin

20%

-26.65%

turnover

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

Balance Sheet

February 2023

net assets

-1.3m

+0.03%

total assets

630.9k

-0.04%

cash

24.8k

-0.76%

net assets

Total assets minus all liabilities

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company number

07120671

Type

Private limited with Share Capital

industry

42210 - Construction of utility projects for fluids

incorporation date

January 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

70 chatham road, nr aylesford, maidstone, kent, ME20 7EQ

last accounts submitted

February 2023

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 1 charges/mortgages relating to medway civils & utilities ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

medway civils & utilities ltd Company Information

medway civils & utilities ltd Estimated Valuation

medway civils & utilities ltd Estimated Valuation

medway civils & utilities ltd Estimated Valuation

Medway Civils & Utilities Ltd Overview

Medway Civils & Utilities Ltd Health Check

MEDWAY CIVILS & UTILITIES LTD financials

medway civils & utilities ltd Credit Report and Business Information

Medway Civils & Utilities Ltd Competitor Analysis

medway civils & utilities ltd Ownership

medway civils & utilities ltd directors

medway civils & utilities ltd company details

medway civils & utilities ltd Charges & Mortgages

medway civils & utilities ltd Companies House Filings - See Documents