Midwest Precast Limited

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midwest precast limited Company Information

Live

YoungMidRapid

Company Number

10389924

Website

https://midwest-precast.com

Registered Address

suite 1, arrow business centre, 19-21 aintree road, greenford, UB6 7LA

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

02089981177

Next Accounts Due

May 2025

Group Structure

View All

Directors

Martin Corcoran7 Years

Shane Corcoran7 Years

Shareholders

martin thomas corcoran 50%

shane corcoran 50%

midwest precast limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of MIDWEST PRECAST LIMITED at £2.6m based on Net Assets of £1.3m and 1.94x industry multiple (adjusted for liquidity).

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Midwest Precast Limited is a live company located in greenford, UB6 7LA with a Companies House number of 10389924. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in September 2016, it's largest shareholder is martin thomas corcoran with a 50% stake. Midwest Precast Limited is a young, mid sized company, Pomanda has estimated its turnover at £6.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Midwest Precast Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

6 Regular

2 Weak

Size

annual sales of £6.4m, make it in line with the average company (£6.5m)

Growth

3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (8.2%)

EXPORT

Midwest Precast Limited's latest turnover from August 2023 is estimated at £6.4 million and the company has net assets of £1.3 million. According to their latest financial statements, we estimate that Midwest Precast Limited has 35 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Sep 2017
Turnover	6,448,158	8,734,923	3,852,970	1,964,083	3,551,108	8,449,760	6,979,895
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	4,945,953	6,612,112	2,973,835	1,502,115	2,681,295	6,349,862	5,199,136
Gross Profit	1,502,205	2,122,811	879,135	461,968	869,813	2,099,898	1,780,759
Admin Expenses	1,210,910	2,161,455	673,115	181,098	781,457	1,843,496	1,287,998
Operating Profit	291,295	-38,644	206,020	280,870	88,356	256,402	492,761
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	53,317	22,328	1,974	1,025	6,134	10,688	1,972
Pre-Tax Profit	344,612	-16,316	207,994	281,895	94,490	267,090	494,733
Tax	-86,153	0	-39,519	-53,560	-17,953	-50,747	-93,999
Profit After Tax	258,459	-16,316	168,475	228,335	76,537	216,343	400,734
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	258,459	-16,316	168,475	228,335	76,537	216,343	400,734
Employee Costs	1,613,447	2,191,497	1,052,676	552,535	939,591	2,225,569	1,757,528
Number Of Employees	35	51	25	13	22	53	44
EBITDA*	492,511	194,511	249,730	295,642	94,170	256,402	492,761

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Sep 2017
Tangible Assets	804,867	932,616	367,013	59,090	73,862	2,032	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	804,867	932,616	367,013	59,090	73,862	2,032	0
Stock & work in progress	1,090,991	1,758,370	740,158	275,000	0	0	0
Trade Debtors	375,483	533,551	180,944	176,281	639,097	2,164,191	570,879
Group Debtors	0	0	0	577,581	212,787	0	0
Misc Debtors	84,477	89,170	76,353	63,545	49,174	4,425	0
Cash	1,841,848	290,815	2,260,957	1,687,342	363,447	1,272,206	1,577,995
misc current assets	0	0	0	0	0	0	0
total current assets	3,392,799	2,671,906	3,258,412	2,779,749	1,264,505	3,440,822	2,148,874
total assets	4,197,666	3,604,522	3,625,425	2,838,839	1,338,367	3,442,854	2,148,874
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	855,108	675,561	433,210	218,382	449,029	234,834	1,748,040
Group/Directors Accounts	1,854,562	1,828,712	2,020,528	1,355,791	0	2,131,461	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	155,329	26,041	81,163	342,617	195,624	459,382	0
total current liabilities	2,864,999	2,530,314	2,534,901	1,916,790	644,653	2,825,677	1,748,040
loans	0	0	0	0	0	0	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	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0
total liabilities	2,864,999	2,530,314	2,534,901	1,916,790	644,653	2,825,677	1,748,040
net assets	1,332,667	1,074,208	1,090,524	922,049	693,714	617,177	400,834
total shareholders funds	1,332,667	1,074,208	1,090,524	922,049	693,714	617,177	400,834

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Sep 2017
Operating Activities
Operating Profit	291,295	-38,644	206,020	280,870	88,356	256,402	492,761
Depreciation	201,216	233,155	43,710	14,772	5,814	0	0
Amortisation	0	0	0	0	0	0	0
Tax	-86,153	0	-39,519	-53,560	-17,953	-50,747	-93,999
Stock	-667,379	1,018,212	465,158	275,000	0	0	0
Debtors	-162,761	365,424	-560,110	-83,651	-1,267,558	1,597,737	570,879
Creditors	179,547	242,351	214,828	-230,647	214,195	-1,513,206	1,748,040
Accruals and Deferred Income	129,288	-55,122	-261,454	146,993	-263,758	459,382	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	1,545,333	-1,001,896	258,537	-32,921	1,294,212	-2,445,906	1,575,923
Investing Activities
capital expenditure	-73,467	-798,758	-351,633	0	-77,644	-2,032	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-73,467	-798,758	-351,633	0	-77,644	-2,032	0
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	25,850	-191,816	664,737	1,355,791	-2,131,461	2,131,461	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	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	0	0	0	0	0	0	100
interest	53,317	22,328	1,974	1,025	6,134	10,688	1,972
cash flow from financing	79,167	-169,488	666,711	1,356,816	-2,125,327	2,142,149	2,072
cash and cash equivalents
cash	1,551,033	-1,970,142	573,615	1,323,895	-908,759	-305,789	1,577,995
overdraft	0	0	0	0	0	0	0
change in cash	1,551,033	-1,970,142	573,615	1,323,895	-908,759	-305,789	1,577,995

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDWEST PRECAST LIMITED group structure

Midwest Precast Limited has no subsidiary companies.

Ultimate parent company

MIDWEST PRECAST LIMITED

10389924

MIDWEST PRECAST LIMITED Shareholders

martin thomas corcoran	50%
shane corcoran	50%

Midwest Precast Limited currently has 2 directors. The longest serving directors include Mr Martin Corcoran (Sep 2016) and Mr Shane Corcoran (Sep 2016).

officer	country	age	start	end	role
Mr Martin Corcoran	England	45 years	Sep 2016	-	Director
Mr Shane Corcoran	England	46 years	Sep 2016	-	Director

P&L

August 2023

turnover

6.4m

-26%

operating profit

291.3k

gross margin

23.3%

-4.14%

turnover

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

Balance Sheet

August 2023

net assets

1.3m

+0.24%

total assets

4.2m

+0.16%

cash

1.8m

+5.33%

net assets

Total assets minus all liabilities

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company number

10389924

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

September 2016

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

suite 1, arrow business centre, 19-21 aintree road, greenford, UB6 7LA

last accounts submitted

August 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 did not find charges/mortgages relating to midwest precast limited.

midwest precast limited Company Information

midwest precast limited Estimated Valuation

midwest precast limited Estimated Valuation

midwest precast limited Estimated Valuation

Midwest Precast Limited Overview

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MIDWEST PRECAST LIMITED financials

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