mciver homes limited
mciver homes limited Company Information
Company Number
09859653
Website
www.mciverhomes.co.ukRegistered Address
189 vine street , wallsend, tyne, vine street, wallsend, NE28 6JB
Industry
Development of building projects
Telephone
01912626514
Next Accounts Due
December 2024
Group Structure
View All
Directors
James McIver8 Years
Shareholders
mr james mciver 100%
mciver homes limited Estimated Valuation
Pomanda estimates the enterprise value of MCIVER HOMES LIMITED at £66.7k based on a Turnover of £152k and 0.44x industry multiple (adjusted for size and gross margin).
mciver homes limited Estimated Valuation
Pomanda estimates the enterprise value of MCIVER HOMES LIMITED at £1.5m based on an EBITDA of £437.1k and a 3.46x industry multiple (adjusted for size and gross margin).
mciver homes limited Estimated Valuation
Pomanda estimates the enterprise value of MCIVER HOMES LIMITED at £3.6m based on Net Assets of £2.7m and 1.31x industry multiple (adjusted for liquidity).
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Mciver Homes Limited Overview
Mciver Homes Limited is a live company located in wallsend, NE28 6JB with a Companies House number of 09859653. It operates in the development of building projects sector, SIC Code 41100. Founded in November 2015, it's largest shareholder is mr james mciver with a 100% stake. Mciver Homes Limited is a young, micro sized company, Pomanda has estimated its turnover at £152k with declining growth in recent years.
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Mciver Homes Limited Health Check
Pomanda's financial health check has awarded Mciver Homes Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £152k, make it smaller than the average company (£2.2m)
- Mciver Homes Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (2%)
- Mciver Homes Limited
2% - Industry AVG
Production
with a gross margin of 25.7%, this company has a comparable cost of product (25.7%)
- Mciver Homes Limited
25.7% - Industry AVG
Profitability
an operating margin of 287.5% make it more profitable than the average company (8.8%)
- Mciver Homes Limited
8.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Mciver Homes Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
- Mciver Homes Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £152k, this is less efficient (£277.5k)
- Mciver Homes Limited
£277.5k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (28 days)
- Mciver Homes Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (31 days)
- Mciver Homes Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mciver Homes Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Mciver Homes Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.1%, this is a higher level of debt than the average (74.9%)
88.1% - Mciver Homes Limited
74.9% - Industry AVG
mciver homes limited Credit Report and Business Information
Mciver Homes Limited Competitor Analysis
Perform a competitor analysis for mciver homes limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mciver homes limited Ownership
MCIVER HOMES LIMITED group structure
Mciver Homes Limited has 2 subsidiary companies.
Ultimate parent company
MCIVER HOMES LIMITED
09859653
2 subsidiaries
mciver homes limited directors
Mciver Homes Limited currently has 1 director, Mr James McIver serving since Nov 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James McIver | England | 43 years | Nov 2015 | - | Director |
MCIVER HOMES LIMITED financials
Mciver Homes Limited's latest turnover from March 2023 is estimated at £152 thousand and the company has net assets of £2.7 million. According to their latest financial statements, we estimate that Mciver Homes Limited has 1 employee and maintains cash reserves of £46.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,729,716 | 8,530,886 | 4,986,316 | 2,910,456 | 4,970,368 | 4,130,806 | 0 |
| Intangible Assets | 9 | 9 | 9 | 9 | 9 | 9 | 0 |
| Investments & Other | 21,081,887 | 7,505,570 | 7,505,570 | 7,490,376 | 2,310,000 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,811,612 | 16,036,465 | 12,491,895 | 10,400,841 | 7,280,377 | 4,130,815 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,678 | 46,888 | 44,943 | 35,940 | 14,600 | 14,150 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 43,312 | 84,327 | 72,777 | 147,780 | 91,312 | 51,540 | 0 |
| Cash | 46,897 | 645,768 | 16,554 | 22,193 | 2,011 | 6,531 | 26,638 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 113,887 | 776,983 | 134,274 | 205,913 | 107,923 | 72,221 | 26,638 |
| total assets | 22,925,499 | 16,813,448 | 12,626,169 | 10,606,754 | 7,388,300 | 4,203,036 | 26,638 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 6,291,908 | 3,223,091 | 208,333 | 200,000 | 31,323 | 31,644 | 0 |
| Trade Creditors | 446 | 11,564 | 36,909 | 24,128 | 14,221 | 3,274 | 0 |
| Group/Directors Accounts | 200 | 200 | 200 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,005,058 | 6,208,190 | 5,320,544 | 4,346,836 | 2,917,483 | 1,635,330 | 26,637 |
| total current liabilities | 16,297,612 | 9,443,045 | 5,565,986 | 4,570,964 | 2,963,027 | 1,670,248 | 26,637 |
| loans | 3,845,049 | 4,008,097 | 3,948,261 | 3,275,406 | 1,887,537 | 397,356 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 58,243 | 199,377 | 150,968 | 158,210 | 124,475 | 1,233 | 0 |
| total long term liabilities | 3,903,292 | 4,207,474 | 4,099,229 | 3,433,616 | 2,012,012 | 398,589 | 0 |
| total liabilities | 20,200,904 | 13,650,519 | 9,665,215 | 8,004,580 | 4,975,039 | 2,068,837 | 26,637 |
| net assets | 2,724,595 | 3,162,929 | 2,960,954 | 2,602,174 | 2,413,261 | 2,134,199 | 1 |
| total shareholders funds | 2,724,595 | 3,162,929 | 2,960,954 | 2,602,174 | 2,413,261 | 2,134,199 | 1 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 54,765 | 29,872 | 24,893 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -64,225 | 13,495 | -66,000 | 77,808 | 40,222 | 65,690 | 0 |
| Creditors | -11,118 | -25,345 | 12,781 | 9,907 | 10,947 | 3,274 | 0 |
| Accruals and Deferred Income | 3,796,868 | 887,646 | 973,708 | 1,429,353 | 1,282,153 | 1,608,693 | 26,637 |
| Deferred Taxes & Provisions | -141,134 | 48,409 | -7,242 | 33,735 | 123,242 | 1,233 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 13,576,317 | 0 | 15,194 | 5,180,376 | 2,310,000 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 3,068,817 | 3,014,758 | 8,333 | 168,677 | -321 | 31,644 | 0 |
| Group/Directors Accounts | 0 | 0 | 200 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -163,048 | 59,836 | 672,855 | 1,387,869 | 1,490,181 | 397,356 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -598,871 | 629,214 | -5,639 | 20,182 | -4,520 | -20,107 | 26,638 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -598,871 | 629,214 | -5,639 | 20,182 | -4,520 | -20,107 | 26,638 |
P&L
March 2023turnover
152k
-53%
operating profit
437.1k
0%
gross margin
25.8%
+8.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.7m
-0.14%
total assets
22.9m
+0.36%
cash
46.9k
-0.93%
net assets
Total assets minus all liabilities
mciver homes limited company details
company number
09859653
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
November 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
189 vine street , wallsend, tyne, vine street, wallsend, NE28 6JB
last accounts submitted
March 2023
mciver homes limited 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 14 charges/mortgages relating to mciver homes limited. Currently there are 7 open charges and 7 have been satisfied in the past.
mciver homes limited Companies House Filings - See Documents
| date | description | view/download |
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