David Mcclements & Sons Limited

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david mcclements & sons limited Company Information

Live

MatureSmallLow

Company Number

NI013626

Next Accounts

Dec 2025

Industry

Growing of cereals (except rice), leguminous crops and oil seeds

Raising of other cattle and buffaloes

Directors

Andrew McClements

Ronald McClements

Shareholders

mr ronald mcclements

mrs jennifer mcgladdery

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Group Structure

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Contact

Registered Address

13 ardminnan road, portaferry, newtownards, county down, BT22 1QJ

Website

david mcclements & sons limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of DAVID MCCLEMENTS & SONS LIMITED at £1.6m based on Net Assets of £1.1m and 1.45x industry multiple (adjusted for liquidity).

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David Mcclements & Sons Limited is a live company located in newtownards, BT22 1QJ with a Companies House number of NI013626. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in May 1979, it's largest shareholder is mr ronald mcclements with a 49.6% stake. David Mcclements & Sons Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with low growth in recent years.

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Pomanda's financial health check has awarded David Mcclements & Sons Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £2.1m, make it in line with the average company (£2.5m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.4%)

EXPORT

David Mcclements & Sons Limited's latest turnover from March 2024 is estimated at £2.1 million and the company has net assets of £1.1 million. According to their latest financial statements, David Mcclements & Sons Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,135,555	2,427,046	2,675,271	2,045,351	1,502,477	980,963	1,110,224	891,510	268,376	204,169	158,251	155,510	171,981	116,150	121,199
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,744,822	1,826,061	2,318,798	1,744,532	1,312,547	904,420	939,039	716,923	219,784	147,073	122,070	120,990	132,149	90,788	97,229
Gross Profit	390,732	600,984	356,472	300,820	189,930	76,543	171,186	174,586	48,593	57,096	36,181	34,520	39,832	25,362	23,970
Admin Expenses	370,852	484,757	190,105	177,636	128,584	51,542	86,467	-96,330	52,767	83,518	12,683	-48,203	88,106	56,906	-552,578
Operating Profit	19,880	116,227	166,367	123,184	61,346	25,001	84,719	270,916	-4,174	-26,422	23,498	82,723	-48,274	-31,544	576,548
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	122	504	514	576	474	429	627	349
Pre-Tax Profit	19,880	116,227	166,367	123,184	61,346	25,001	84,719	271,038	-3,670	-25,908	24,074	83,196	-47,845	-30,917	576,897
Tax	-4,970	-22,083	-31,610	-23,405	-11,656	-4,750	-16,097	-54,207	0	0	-5,537	-19,967	0	0	-161,531
Profit After Tax	14,910	94,144	134,757	99,779	49,690	20,251	68,622	216,830	-3,670	-25,908	18,537	63,229	-47,845	-30,917	415,366
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	14,910	94,144	134,757	99,779	49,690	20,251	68,622	216,830	-3,670	-25,908	18,537	63,229	-47,845	-30,917	415,366
Employee Costs	237,148	213,688	216,641	167,562	109,751	110,811	148,371	104,192	80,504	48,034	46,374	50,787	73,805	45,684	44,240
Number Of Employees	6	6	6	6	5	5	5	4	3	2	2	2	3	2	2
EBITDA*	19,880	116,227	166,367	123,184	61,346	25,001	84,719	270,916	40,073	25,810	71,080	124,359	4,428	3,361	618,998

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	703,088	787,192	651,912	547,058	574,630	631,132	540,124	518,406	552,189	564,141	547,178	548,145	573,307	505,058	494,206
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	703,088	787,192	651,912	547,058	574,630	631,132	540,124	518,406	552,189	564,141	547,178	548,145	573,307	505,058	494,206
Stock & work in progress	0	0	0	0	0	0	0	0	164,778	149,379	130,780	118,940	120,555	106,260	110,680
Trade Debtors	668,589	604,199	702,202	587,770	419,477	330,368	348,113	296,913	24,699	5,538	38,134	21,488	2,309	4,817	5,103
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	97,436	104,040	101,481	128,937	60,480	111,060	139,680
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	668,589	604,199	702,202	587,770	419,477	330,368	348,113	296,913	286,913	258,957	270,395	269,365	183,344	222,137	255,463
total assets	1,371,677	1,391,391	1,354,114	1,134,828	994,107	961,500	888,237	815,319	839,102	823,098	817,573	817,510	756,651	727,195	749,669
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	261,634	233,451	288,642	290,864	237,822	239,874	213,993	209,697	243,966	224,292	192,859	211,333	213,703	136,402	127,959
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	261,634	233,451	288,642	290,864	237,822	239,874	213,993	209,697	243,966	224,292	192,859	211,333	213,703	136,402	127,959
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	22,268	85,075	86,751	0	12,100	27,131	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	22,268	85,075	86,751	0	12,100	27,131	0	0	0	0	0	0	0	0	0
total liabilities	283,902	318,526	375,393	290,864	249,922	267,005	213,993	209,697	243,966	224,292	192,859	211,333	213,703	136,402	127,959
net assets	1,087,775	1,072,865	978,721	843,964	744,185	694,495	674,244	605,622	595,136	598,806	624,714	606,177	542,948	590,793	621,710
total shareholders funds	1,087,775	1,072,865	978,721	843,964	744,185	694,495	674,244	605,622	595,136	598,806	624,714	606,177	542,948	590,793	621,710

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	19,880	116,227	166,367	123,184	61,346	25,001	84,719	270,916	-4,174	-26,422	23,498	82,723	-48,274	-31,544	576,548
Depreciation	0	0	0	0	0	0	0	0	44,247	52,232	47,582	41,636	52,702	34,905	40,679
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,771
Tax	-4,970	-22,083	-31,610	-23,405	-11,656	-4,750	-16,097	-54,207	0	0	-5,537	-19,967	0	0	-161,531
Stock	0	0	0	0	0	0	0	-164,778	15,399	18,599	11,840	-1,615	14,295	-4,420	110,680
Debtors	64,390	-98,003	114,432	168,293	89,109	-17,745	51,200	272,214	19,161	-32,596	16,646	19,179	-2,508	-286	5,103
Creditors	28,183	-55,191	-2,222	53,042	-2,052	25,881	4,296	-34,269	19,674	31,433	-18,474	-2,370	77,301	8,443	127,959
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-21,297	136,956	18,103	-15,472	-41,471	63,877	21,718	75,004	25,187	71,240	18,583	84,458	69,942	16,510	469,643
Investing Activities
capital expenditure	84,104	-135,280	-104,854	27,572	56,502	-91,008	-21,718	33,783	-32,295	-69,195	-46,615	-16,474	-120,951	-45,757	-536,656
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	84,104	-135,280	-104,854	27,572	56,502	-91,008	-21,718	33,783	-32,295	-69,195	-46,615	-16,474	-120,951	-45,757	-536,656
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-62,807	-1,676	86,751	-12,100	-15,031	27,131	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-206,344	0	0	0	0	0	0	206,344
interest	0	0	0	0	0	0	0	122	504	514	576	474	429	627	349
cash flow from financing	-62,807	-1,676	86,751	-12,100	-15,031	27,131	0	-206,222	504	514	576	474	429	627	206,693
cash and cash equivalents
cash	0	0	0	0	0	0	0	-97,436	-6,604	2,559	-27,456	68,457	-50,580	-28,620	139,680
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-97,436	-6,604	2,559	-27,456	68,457	-50,580	-28,620	139,680

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DAVID MCCLEMENTS & SONS LIMITED group structure

David Mcclements & Sons Limited has no subsidiary companies.

Ultimate parent company

DAVID MCCLEMENTS & SONS LIMITED

NI013626

DAVID MCCLEMENTS & SONS LIMITED Shareholders

mr ronald mcclements	49.6%
mrs jennifer mcgladdery	37.15%
andrew mcclements	13.25%

David Mcclements & Sons Limited currently has 2 directors. The longest serving directors include Mr Andrew McClements (May 1979) and Mr Ronald McClements (May 1979).

officer	country	age	start	end	role
Mr Andrew McClements		54 years	May 1979	-	Director
Mr Ronald McClements		82 years	May 1979	-	Director

P&L

March 2024

turnover

2.1m

-12%

operating profit

19.9k

gross margin

18.3%

-26.11%

turnover

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

Balance Sheet

March 2024

net assets

1.1m

+0.01%

total assets

1.4m

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

NI013626

Type

Private limited with Share Capital

industry

01110 - Growing of cereals (except rice), leguminous crops and oil seeds

01420 - Raising of other cattle and buffaloes

incorporation date

May 1979

ultimate parent company

None

previous names

N/A

address

13 ardminnan road, portaferry, newtownards, county down, BT22 1QJ

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 1 charges/mortgages relating to david mcclements & sons limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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david mcclements & sons limited Company Information

david mcclements & sons limited Estimated Valuation

david mcclements & sons limited Estimated Valuation

david mcclements & sons limited Estimated Valuation

David Mcclements & Sons Limited Overview

David Mcclements & Sons Limited Health Check

DAVID MCCLEMENTS & SONS LIMITED financials

david mcclements & sons limited Credit Report and Business Information

David Mcclements & Sons Limited Competitor Analysis

david mcclements & sons limited Ownership

david mcclements & sons limited directors

david mcclements & sons limited company details

david mcclements & sons limited Charges & Mortgages

david mcclements & sons limited Capital Raised & Share Issues BETA

david mcclements & sons limited Companies House Filings - See Documents