mce electrical contractors ltd

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mce electrical contractors ltd Company Information

Share MCE ELECTRICAL CONTRACTORS LTD

Company Number

09646975

Directors

Peter Gaines

Daniel Varley

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Shareholders

peter gaines

varley group (bradford) limited

Group Structure

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Industry

Electrical installation

 

Registered Address

progress works hall lane, bradford, west yorkshire, BD4 7DN

mce electrical contractors ltd Estimated Valuation

£464.7k

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

£49.3k

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

£1.1m

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).

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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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £1.2m, make it smaller than the average company (£3.7m)

£1.2m - Mce Electrical Contractors Ltd

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (9.3%)

20% - Mce Electrical Contractors Ltd

9.3% - Industry AVG

production

Production

with a gross margin of 25.6%, this company has a comparable cost of product (25.6%)

25.6% - Mce Electrical Contractors Ltd

25.6% - Industry AVG

profitability

Profitability

an operating margin of -1.1% make it less profitable than the average company (6.5%)

-1.1% - Mce Electrical Contractors Ltd

6.5% - Industry AVG

employees

Employees

with 12 employees, this is below the industry average (27)

12 - Mce Electrical Contractors Ltd

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)

£45.7k - Mce Electrical Contractors Ltd

£45.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £98k, this is less efficient (£154.8k)

£98k - Mce Electrical Contractors Ltd

£154.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is near the average (57 days)

58 days - Mce Electrical Contractors Ltd

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 61 days, this is slower than average (41 days)

61 days - Mce Electrical Contractors Ltd

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (11 days)

2 days - Mce Electrical Contractors Ltd

11 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Turnover1,176,3711,004,036707,524679,196895,984410,449259,770237,104138,186
Other Income Or Grants000000000
Cost Of Sales875,637752,580533,377509,237672,619302,270188,921171,12299,816
Gross Profit300,734251,456174,147169,959223,365108,17970,84965,98238,370
Admin Expenses314,209133,634136,829105,670-6,20660,78533,27466,75545,361
Operating Profit-13,475117,82237,31864,289229,57147,39437,575-773-6,991
Interest Payable3,7324,0723,0511,52500000
Interest Receivable8,8563,5801516015519786145
Pre-Tax Profit-8,351117,33034,41762,823229,72647,59137,660-759-6,986
Tax0-22,293-6,539-11,936-43,648-9,042-7,15500
Profit After Tax-8,35195,03727,87850,887186,07838,54930,505-759-6,986
Dividends Paid000000000
Retained Profit-8,35195,03727,87850,887186,07838,54930,505-759-6,986
Employee Costs548,130559,844458,965451,703502,412375,794241,162202,772120,537
Number Of Employees12131111129653
EBITDA*10,997142,37358,34277,482246,75064,89243,3996,726-6,991

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Tangible Assets131,362138,83461,78738,97751,13652,29617,47322,4970
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets131,362138,83461,78738,97751,13652,29617,47322,4970
Stock & work in progress5,4005,4005,4005,4005,4005,4005,4005,4005,400
Trade Debtors187,074156,80272,796121,540190,27331,30520,71114,6141,560
Group Debtors191,749208,971438,881240,862188,79940,271000
Misc Debtors000000000
Cash147,633189,73514,811105,77913,46227,75424,8039,4501,977
misc current assets00000000309
total current assets531,856560,908531,888473,581397,934104,73050,91429,4649,246
total assets663,218699,742593,675512,558449,070157,02668,38751,9619,246
Bank overdraft10,0569,8089,566000000
Bank loan000000000
Trade Creditors 147,087112,613126,26046,84131,27032,69715,22618,3009,496
Group/Directors Accounts11,99011,99011,99011,99022,9009,25910,91430,8785,437
other short term finances000000000
hp & lease commitments000000000
other current liabilities46,811103,90169,78997,947137,69743,72516,06710,4281,199
total current liabilities215,944238,312217,605156,778191,86785,68142,20759,60616,132
loans18,21428,27138,07950,00000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions16,12211,87011,7397,4069,7169,9363,32000
total long term liabilities34,33640,14149,81857,4069,7169,9363,32000
total liabilities250,280278,453267,423214,184201,58395,61745,52759,60616,132
net assets412,938421,289326,252298,374247,48761,40922,860-7,645-6,886
total shareholders funds412,938421,289326,252298,374247,48761,40922,860-7,645-6,886
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Operating Activities
Operating Profit-13,475117,82237,31864,289229,57147,39437,575-773-6,991
Depreciation24,47224,55121,02413,19317,17917,4985,8247,4990
Amortisation000000000
Tax0-22,293-6,539-11,936-43,648-9,042-7,15500
Stock000000005,400
Debtors13,050-145,904149,275-16,670307,49650,8656,09713,0541,560
Creditors34,474-13,64779,41915,571-1,42717,471-3,0748,8049,496
Accruals and Deferred Income-57,09034,112-28,158-39,75093,97227,6585,6399,2291,199
Deferred Taxes & Provisions4,2521314,333-2,310-2206,6163,32000
Cash flow from operations-20,417286,580-41,87855,727-12,06956,73036,03211,705-3,256
Investing Activities
capital expenditure-17,000-101,598-43,834-1,034-16,019-52,321-800-29,9960
Change in Investments000000000
cash flow from investments-17,000-101,598-43,834-1,034-16,019-52,321-800-29,9960
Financing Activities
Bank loans000000000
Group/Directors Accounts000-10,91013,641-1,655-19,96425,4415,437
Other Short Term Loans 000000000
Long term loans-10,057-9,808-11,92150,00000000
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue00000000100
interest5,124-492-2,900-1,46515519786145
cash flow from financing-4,933-10,300-14,82137,62513,796-1,458-19,87825,4555,542
cash and cash equivalents
cash-42,102174,924-90,96892,317-14,2922,95115,3537,4731,977
overdraft2482429,566000000
change in cash-42,350174,682-100,53492,317-14,2922,95115,3537,4731,977

mce electrical contractors ltd 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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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 Shareholders

peter gaines 50%
varley group (bradford) limited 50%

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).

officercountryagestartendrole
Mr Peter GainesEngland47 years Jun 2015- Director
Mr Daniel VarleyUnited Kingdom46 years Jun 2015- Director
Mr Nathan VarleyUnited Kingdom48 years Jun 2015- Director

P&L

December 2023

turnover

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 2023

net 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

None

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

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