mcafee security uk ltd
mcafee security uk ltd Company Information
Company Number
10472868
Next Accounts
118 days late
Industry
Other information service activities n.e.c.
Shareholders
mcafee llc
mcafee security holdings llc
Group Structure
View All
Contact
Registered Address
c/o company secretarial departme, 280 bishopsgate, london, EC2M 4AG
Website
www.mcafee.commcafee security uk ltd Estimated Valuation
Pomanda estimates the enterprise value of MCAFEE SECURITY UK LTD at £976.3m based on a Turnover of £624.2m and 1.56x industry multiple (adjusted for size and gross margin).
mcafee security uk ltd Estimated Valuation
Pomanda estimates the enterprise value of MCAFEE SECURITY UK LTD at £288.6m based on an EBITDA of £35.6m and a 8.11x industry multiple (adjusted for size and gross margin).
mcafee security uk ltd Estimated Valuation
Pomanda estimates the enterprise value of MCAFEE SECURITY UK LTD at £1.7b based on Net Assets of £668.7m and 2.57x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mcafee Security Uk Ltd Overview
Mcafee Security Uk Ltd is a live company located in london, EC2M 4AG with a Companies House number of 10472868. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in November 2016, it's largest shareholder is mcafee llc with a 99% stake. Mcafee Security Uk Ltd is a young, mega sized company, Pomanda has estimated its turnover at £624.2m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Mcafee Security Uk Ltd Health Check
Pomanda's financial health check has awarded Mcafee Security Uk Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £624.2m, make it larger than the average company (£1.1m)
£624.2m - Mcafee Security Uk Ltd
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (7%)
-14% - Mcafee Security Uk Ltd
7% - Industry AVG
Production
with a gross margin of 32.9%, this company has a higher cost of product (62.6%)
32.9% - Mcafee Security Uk Ltd
62.6% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (6.4%)
2.9% - Mcafee Security Uk Ltd
6.4% - Industry AVG
Employees
with 1349 employees, this is above the industry average (19)
1349 - Mcafee Security Uk Ltd
19 - Industry AVG
Pay Structure
on an average salary of £82.1k, the company has a higher pay structure (£34.6k)
£82.1k - Mcafee Security Uk Ltd
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £462.7k, this is more efficient (£76.1k)
£462.7k - Mcafee Security Uk Ltd
£76.1k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (38 days)
20 days - Mcafee Security Uk Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (32 days)
45 days - Mcafee Security Uk Ltd
32 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (24 days)
0 days - Mcafee Security Uk Ltd
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is less cash available to meet short term requirements (72 weeks)
18 weeks - Mcafee Security Uk Ltd
72 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.9%, this is a higher level of debt than the average (36.9%)
46.9% - Mcafee Security Uk Ltd
36.9% - Industry AVG
MCAFEE SECURITY UK LTD financials
Mcafee Security Uk Ltd's latest turnover from December 2022 is £624.2 million and the company has net assets of £668.7 million. According to their latest financial statements, Mcafee Security Uk Ltd has 1,349 employees and maintains cash reserves of £190.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 624,241,934 | 1,012,371,634 | 60,839,676 | 968,424,352 | 918,279,401 | 648,804,617 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 418,856,635 | 642,839,816 | 338,478,414 | 347,097,077 | 168,178,071 | |
| Gross Profit | 205,385,300 | 369,531,819 | 629,945,937 | 571,182,324 | 480,626,546 | |
| Admin Expenses | 187,596,022 | 430,985,688 | 557,862,571 | 519,470,344 | 399,010,717 | |
| Operating Profit | 17,789,278 | -61,453,869 | 7,648,098 | 72,083,366 | 51,711,980 | 81,615,829 |
| Interest Payable | 0 | 0 | 2,801,056 | 0 | 0 | 0 |
| Interest Receivable | 46,090,401 | 26,683,916 | 4,182,366 | 0 | 0 | |
| Pre-Tax Profit | 34,769,952 | 83,286,165 | 9,029,409 | 75,217,425 | 58,763,614 | 84,913,438 |
| Tax | -22,640,899 | -58,219,455 | -2,225,698 | -44,660,346 | -13,319,752 | -18,136,851 |
| Profit After Tax | 12,129,053 | 25,066,710 | 6,803,711 | 30,557,079 | 45,443,861 | 66,776,587 |
| Dividends Paid | 478,693,297 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -466,564,244 | 25,066,710 | 6,803,711 | 30,557,079 | 45,443,861 | 66,776,587 |
| Employee Costs | 110,778,685 | 281,394,033 | 38,912,259 | 347,097,077 | 347,880,592 | 279,472,383 |
| Number Of Employees | 1,349 | 4,301 | 265 | 4,661 | 3,878 | 4,350 |
| EBITDA* | 35,578,556 | -33,152,745 | 11,467,248 | 97,155,841 | 61,897,673 | 89,035,449 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 37,195,763 | 76,008,733 | 7,352,637 | 129,279,950 | 95,588,811 | 76,669,415 |
| Intangible Assets | 397,832,943 | 464,947,036 | 65,960,143 | 731,019,353 | 731,019,353 | 772,464,963 |
| Investments & Other | 0 | 0 | 856,546,235 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 15,363,467 | 31,535,538 | 0 | 7,835,148 | 7,051,633 | 0 |
| Total Fixed Assets | 419,665,238 | 509,420,231 | 929,859,016 | 860,299,302 | 826,608,164 | 849,134,378 |
| Stock & work in progress | 808,603 | 0 | 0 | 3,917,574 | 5,484,603 | 7,419,621 |
| Trade Debtors | 34,769,952 | 42,855,988 | 2,405,769 | 148,084,306 | 128,496,435 | 138,499,588 |
| Group Debtors | 473,841,675 | 759,278,725 | 168,724,437 | 589,986,680 | 413,695,839 | 0 |
| Misc Debtors | 136,653,998 | 74,391,525 | 4,046,402 | 209,198,464 | 152,785,395 | 0 |
| Cash | 190,830,435 | 208,619,713 | 5,016,484 | 83,836,088 | 108,125,048 | 130,255,565 |
| misc current assets | 1,617,207 | 6,468,828 | 0 | 0 | 0 | 0 |
| total current assets | 838,521,873 | 1,091,614,781 | 180,193,093 | 1,035,023,114 | 808,587,323 | 597,691,674 |
| total assets | 1,258,187,111 | 1,601,035,012 | 1,110,052,109 | 1,895,322,416 | 1,635,195,487 | 1,446,826,051 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 52,559,230 | 85,711,975 | 2,590,185 | 119,877,772 | 104,990,990 | 117,889,530 |
| Group/Directors Accounts | 0 | 1 | 108,185,529 | 1 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 63,478,978 |
| hp & lease commitments | 808,603 | 2,425,810 | 2,385,962 | 14,886,782 | 0 | 0 |
| other current liabilities | 491,630,951 | 327,484,432 | 9,954,664 | 733,369,895 | 581,368,015 | 0 |
| total current liabilities | 544,998,787 | 415,622,220 | 123,116,341 | 868,134,451 | 686,359,007 | 558,944,765 |
| loans | 79,243,146 | 77,625,939 | 0 | 61,114,158 | 0 | 0 |
| hp & lease commitments | 1,617,207 | 2,425,810 | 2,795,085 | 30,557,079 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 271,879,652 | 255,425,840 | 0 |
| other liabilities | 4,043,017 | 8,894,638 | 0 | 0 | 0 | 0 |
| provisions | 1,617,206 | 3,234,414 | 811,863 | 21,938,413 | 21,938,413 | 0 |
| total long term liabilities | 44,473,194 | 49,324,815 | 3,606,948 | 313,405,938 | 266,395,048 | 210,222,589 |
| total liabilities | 589,471,981 | 464,947,035 | 126,723,289 | 1,181,540,389 | 952,754,055 | 769,167,354 |
| net assets | 668,715,130 | 1,135,279,373 | 983,328,820 | 712,998,512 | 681,657,917 | 677,658,697 |
| total shareholders funds | 668,715,129 | 1,135,279,373 | 983,328,820 | 712,998,511 | 681,657,917 | 677,658,697 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 17,789,278 | -61,453,869 | 7,648,098 | 72,083,366 | 51,711,980 | 81,615,829 |
| Depreciation | 4,043,018 | 4,043,018 | 3,819,150 | 25,072,475 | 10,185,693 | 7,419,621 |
| Amortisation | 13,746,260 | 24,258,106 | 0 | 0 | ||
| Tax | -22,640,899 | -58,219,455 | -2,225,698 | -44,660,346 | -13,319,752 | -18,136,851 |
| Stock | 808,603 | 0 | -3,917,574 | -1,567,029 | -1,935,018 | 7,419,621 |
| Debtors | -247,432,684 | 732,885,168 | -779,927,989 | 253,075,296 | 556,478,081 | 138,499,588 |
| Creditors | -33,152,745 | 83,121,790 | -117,287,586 | 14,886,782 | -12,898,541 | 117,889,530 |
| Accruals and Deferred Income | 164,146,519 | 317,529,768 | -995,294,883 | 168,455,692 | 836,793,855 | 0 |
| Deferred Taxes & Provisions | -1,617,208 | 2,422,551 | -21,126,550 | 0 | 21,938,413 | 0 |
| Cash flow from operations | 388,938,304 | -421,183,259 | -340,621,906 | -15,670,298 | ||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | -856,546,235 | 856,546,235 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1 | -108,185,528 | 108,185,528 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -63,478,978 | 63,478,978 |
| Long term loans | 1,617,207 | 77,625,939 | -61,114,158 | 61,114,158 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,425,810 | -329,427 | -40,262,814 | 45,443,861 | 0 | 0 |
| other long term liabilities | -4,851,621 | 8,894,638 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 46,090,401 | 26,683,916 | 1,381,310 | 0 | 0 | |
| cash flow from financing | 40,430,176 | 131,573,380 | 271,716,464 | 107,341,534 | -104,923,619 | |
| cash and cash equivalents | ||||||
| cash | -17,789,278 | 203,603,229 | -78,819,604 | -24,288,960 | -22,130,517 | 130,255,565 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -17,789,278 | 203,603,229 | -78,819,604 | -24,288,960 | -22,130,517 | 130,255,565 |
mcafee security uk ltd Credit Report and Business Information
Mcafee Security Uk Ltd Competitor Analysis
Perform a competitor analysis for mcafee security uk ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in EC2M area or any other competitors across 12 key performance metrics.
mcafee security uk ltd Ownership
MCAFEE SECURITY UK LTD group structure
Mcafee Security Uk Ltd has 2 subsidiary companies.
Ultimate parent company
MCAFEE LLC
#0112178
1 parent
MCAFEE SECURITY UK LTD
10472868
2 subsidiaries
mcafee security uk ltd directors
Mcafee Security Uk Ltd currently has 5 directors. The longest serving directors include Mr James McGowan (Sep 2019) and Mr Alan Kohn (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James McGowan | United Kingdom | 52 years | Sep 2019 | - | Director |
| Mr Alan Kohn | United States | 55 years | Jan 2022 | - | Director |
| Mr Andrew Nicholson | 53 years | Feb 2023 | - | Director | |
| Mr Adam Hankins | United States | 46 years | Feb 2023 | - | Director |
| Ms Fiona Murphy-Gerlich | Ireland | 48 years | Feb 2023 | - | Director |
P&L
December 2022turnover
624.2m
-38%
operating profit
17.8m
-129%
gross margin
33%
-9.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
668.7m
-0.41%
total assets
1.3b
-0.21%
cash
190.8m
-0.09%
net assets
Total assets minus all liabilities
mcafee security uk ltd company details
company number
10472868
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS
address
c/o company secretarial departme, 280 bishopsgate, london, EC2M 4AG
Bank
CITIBANK
Legal Advisor
DAC BEACHCROFT
mcafee security uk 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 mcafee security uk ltd.
mcafee security uk 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.
Click to start generating capital raising & share issue transactions for MCAFEE SECURITY UK LTD. This can take several minutes, an email will notify you when this has completed.
mcafee security uk ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
