mce electrical contractors ltd Company Information
Company Number
09646975
Next Accounts
Sep 2025
Shareholders
peter gaines
varley group (bradford) limited
Group Structure
View All
Industry
Electrical installation
Registered Address
progress works hall lane, bradford, west yorkshire, BD4 7DN
Website
mce-electrical.co.ukmce electrical contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of MCE ELECTRICAL CONTRACTORS LTD at £464.7k based on a Turnover of £1.2m and 0.4x industry multiple (adjusted for size and gross margin).
mce electrical contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of MCE ELECTRICAL CONTRACTORS LTD at £49.3k based on an EBITDA of £11k and a 4.48x industry multiple (adjusted for size and gross margin).
mce electrical contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of MCE ELECTRICAL CONTRACTORS LTD at £1.1m based on Net Assets of £412.9k and 2.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mce Electrical Contractors Ltd Overview
Mce Electrical Contractors Ltd is a live company located in west yorkshire, BD4 7DN with a Companies House number of 09646975. It operates in the electrical installation sector, SIC Code 43210. Founded in June 2015, it's largest shareholder is peter gaines with a 50% stake. Mce Electrical Contractors Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.
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Mce Electrical Contractors Ltd Health Check
Pomanda's financial health check has awarded Mce Electrical Contractors Ltd a 4.5 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
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5 Strong
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3 Regular
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4 Weak
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Size
annual sales of £1.2m, make it smaller than the average company (£3.7m)
- Mce Electrical Contractors Ltd
£3.7m - Industry AVG
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Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (9.3%)
- Mce Electrical Contractors Ltd
9.3% - Industry AVG
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Production
with a gross margin of 25.6%, this company has a comparable cost of product (25.6%)
- Mce Electrical Contractors Ltd
25.6% - Industry AVG
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Profitability
an operating margin of -1.1% make it less profitable than the average company (6.5%)
- Mce Electrical Contractors Ltd
6.5% - Industry AVG
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Employees
with 12 employees, this is below the industry average (27)
12 - Mce Electrical Contractors Ltd
27 - Industry AVG
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Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- Mce Electrical Contractors Ltd
£45.7k - Industry AVG
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Efficiency
resulting in sales per employee of £98k, this is less efficient (£154.8k)
- Mce Electrical Contractors Ltd
£154.8k - Industry AVG
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Debtor Days
it gets paid by customers after 58 days, this is near the average (57 days)
- Mce Electrical Contractors Ltd
57 days - Industry AVG
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Creditor Days
its suppliers are paid after 61 days, this is slower than average (41 days)
- Mce Electrical Contractors Ltd
41 days - Industry AVG
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Stock Days
it holds stock equivalent to 2 days, this is less than average (11 days)
- Mce Electrical Contractors Ltd
11 days - Industry AVG
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Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (22 weeks)
35 weeks - Mce Electrical Contractors Ltd
22 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 37.7%, this is a lower level of debt than the average (58.8%)
37.7% - Mce Electrical Contractors Ltd
58.8% - Industry AVG
MCE ELECTRICAL CONTRACTORS LTD financials
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Mce Electrical Contractors Ltd's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £412.9 thousand. According to their latest financial statements, Mce Electrical Contractors Ltd has 12 employees and maintains cash reserves of £147.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||
Other Income Or Grants | |||||||||
Cost Of Sales | |||||||||
Gross Profit | |||||||||
Admin Expenses | |||||||||
Operating Profit | |||||||||
Interest Payable | |||||||||
Interest Receivable | |||||||||
Pre-Tax Profit | |||||||||
Tax | |||||||||
Profit After Tax | |||||||||
Dividends Paid | |||||||||
Retained Profit | |||||||||
Employee Costs | |||||||||
Number Of Employees | 12 | 13 | 11 | 11 | 12 | 9 | 6 | 5 | 3 |
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 131,362 | 138,834 | 61,787 | 38,977 | 51,136 | 52,296 | 17,473 | 22,497 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 131,362 | 138,834 | 61,787 | 38,977 | 51,136 | 52,296 | 17,473 | 22,497 | 0 |
Stock & work in progress | 5,400 | 5,400 | 5,400 | 5,400 | 5,400 | 5,400 | 5,400 | 5,400 | 5,400 |
Trade Debtors | 187,074 | 156,802 | 72,796 | 121,540 | 190,273 | 31,305 | 20,711 | 14,614 | 1,560 |
Group Debtors | 191,749 | 208,971 | 438,881 | 240,862 | 188,799 | 40,271 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 147,633 | 189,735 | 14,811 | 105,779 | 13,462 | 27,754 | 24,803 | 9,450 | 1,977 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 309 |
total current assets | 531,856 | 560,908 | 531,888 | 473,581 | 397,934 | 104,730 | 50,914 | 29,464 | 9,246 |
total assets | 663,218 | 699,742 | 593,675 | 512,558 | 449,070 | 157,026 | 68,387 | 51,961 | 9,246 |
Bank overdraft | 10,056 | 9,808 | 9,566 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 147,087 | 112,613 | 126,260 | 46,841 | 31,270 | 32,697 | 15,226 | 18,300 | 9,496 |
Group/Directors Accounts | 11,990 | 11,990 | 11,990 | 11,990 | 22,900 | 9,259 | 10,914 | 30,878 | 5,437 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 46,811 | 103,901 | 69,789 | 97,947 | 137,697 | 43,725 | 16,067 | 10,428 | 1,199 |
total current liabilities | 215,944 | 238,312 | 217,605 | 156,778 | 191,867 | 85,681 | 42,207 | 59,606 | 16,132 |
loans | 18,214 | 28,271 | 38,079 | 50,000 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 16,122 | 11,870 | 11,739 | 7,406 | 9,716 | 9,936 | 3,320 | 0 | 0 |
total long term liabilities | 34,336 | 40,141 | 49,818 | 57,406 | 9,716 | 9,936 | 3,320 | 0 | 0 |
total liabilities | 250,280 | 278,453 | 267,423 | 214,184 | 201,583 | 95,617 | 45,527 | 59,606 | 16,132 |
net assets | 412,938 | 421,289 | 326,252 | 298,374 | 247,487 | 61,409 | 22,860 | -7,645 | -6,886 |
total shareholders funds | 412,938 | 421,289 | 326,252 | 298,374 | 247,487 | 61,409 | 22,860 | -7,645 | -6,886 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | |||||||||
Depreciation | 24,472 | 24,551 | 21,024 | 13,193 | 17,179 | 17,498 | 5,824 | 7,499 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,400 |
Debtors | 13,050 | -145,904 | 149,275 | -16,670 | 307,496 | 50,865 | 6,097 | 13,054 | 1,560 |
Creditors | 34,474 | -13,647 | 79,419 | 15,571 | -1,427 | 17,471 | -3,074 | 8,804 | 9,496 |
Accruals and Deferred Income | -57,090 | 34,112 | -28,158 | -39,750 | 93,972 | 27,658 | 5,639 | 9,229 | 1,199 |
Deferred Taxes & Provisions | 4,252 | 131 | 4,333 | -2,310 | -220 | 6,616 | 3,320 | 0 | 0 |
Cash flow from operations | |||||||||
Investing Activities | |||||||||
capital expenditure | |||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||
Financing Activities | |||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -10,910 | 13,641 | -1,655 | -19,964 | 25,441 | 5,437 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -10,057 | -9,808 | -11,921 | 50,000 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||
interest | |||||||||
cash flow from financing | |||||||||
cash and cash equivalents | |||||||||
cash | -42,102 | 174,924 | -90,968 | 92,317 | -14,292 | 2,951 | 15,353 | 7,473 | 1,977 |
overdraft | 248 | 242 | 9,566 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -42,350 | 174,682 | -100,534 | 92,317 | -14,292 | 2,951 | 15,353 | 7,473 | 1,977 |
mce electrical contractors ltd Credit Report and Business Information
Mce Electrical Contractors Ltd Competitor Analysis
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Perform a competitor analysis for mce electrical contractors ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BD4 area or any other competitors across 12 key performance metrics.
mce electrical contractors ltd Ownership
MCE ELECTRICAL CONTRACTORS LTD group structure
Mce Electrical Contractors Ltd has no subsidiary companies.
Ultimate parent company
MCE ELECTRICAL CONTRACTORS LTD
09646975
mce electrical contractors ltd directors
Mce Electrical Contractors Ltd currently has 3 directors. The longest serving directors include Mr Peter Gaines (Jun 2015) and Mr Daniel Varley (Jun 2015).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Peter Gaines | England | 47 years | Jun 2015 | - | Director |
Mr Daniel Varley | United Kingdom | 46 years | Jun 2015 | - | Director |
Mr Nathan Varley | United Kingdom | 48 years | Jun 2015 | - | Director |
P&L
December 2023turnover
1.2m
+17%
operating profit
-13.5k
0%
gross margin
25.6%
+2.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
412.9k
-0.02%
total assets
663.2k
-0.05%
cash
147.6k
-0.22%
net assets
Total assets minus all liabilities
mce electrical contractors ltd company details
company number
09646975
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
metalcraft electrical ltd (June 2016)
accountant
-
auditor
-
address
progress works hall lane, bradford, west yorkshire, BD4 7DN
Bank
-
Legal Advisor
-
mce electrical contractors ltd 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 did not find charges/mortgages relating to mce electrical contractors ltd.
mce electrical contractors ltd 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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mce electrical contractors ltd Companies House Filings - See Documents
date | description | view/download |
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