cormac leonard commercials ltd
cormac leonard commercials ltd Company Information
Company Number
NI025839
Website
www.cormacleonard.comRegistered Address
drumcairn drumcairn, loughgall road, armagh, BT61 7NN
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Sale of other motor vehicles
Telephone
02837524731
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
drumcairn holdings ltd 100%
cormac leonard commercials ltd Estimated Valuation
Pomanda estimates the enterprise value of CORMAC LEONARD COMMERCIALS LTD at £7.3m based on a Turnover of £17.4m and 0.42x industry multiple (adjusted for size and gross margin).
cormac leonard commercials ltd Estimated Valuation
Pomanda estimates the enterprise value of CORMAC LEONARD COMMERCIALS LTD at £2m based on an EBITDA of £744.5k and a 2.65x industry multiple (adjusted for size and gross margin).
cormac leonard commercials ltd Estimated Valuation
Pomanda estimates the enterprise value of CORMAC LEONARD COMMERCIALS LTD at £10.5m based on Net Assets of £4.3m and 2.46x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cormac Leonard Commercials Ltd AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
Cormac Leonard Commercials Ltd Overview
Cormac Leonard Commercials Ltd is a live company located in armagh, BT61 7NN with a Companies House number of NI025839. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in August 1991, it's largest shareholder is drumcairn holdings ltd with a 100% stake. Cormac Leonard Commercials Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £17.4m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Cormac Leonard Commercials Ltd Health Check
Pomanda's financial health check has awarded Cormac Leonard Commercials Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £17.4m, make it in line with the average company (£16.8m)
£17.4m - Cormac Leonard Commercials Ltd
£16.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (5.2%)
6% - Cormac Leonard Commercials Ltd
5.2% - Industry AVG
Production
with a gross margin of 7%, this company has a higher cost of product (30.2%)
7% - Cormac Leonard Commercials Ltd
30.2% - Industry AVG
Profitability
an operating margin of 3.3% make it less profitable than the average company (8.4%)
3.3% - Cormac Leonard Commercials Ltd
8.4% - Industry AVG
Employees
with 16 employees, this is below the industry average (51)
16 - Cormac Leonard Commercials Ltd
51 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£41.9k)
£34.2k - Cormac Leonard Commercials Ltd
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£333.4k)
£1.1m - Cormac Leonard Commercials Ltd
£333.4k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is earlier than average (39 days)
31 days - Cormac Leonard Commercials Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (45 days)
19 days - Cormac Leonard Commercials Ltd
45 days - Industry AVG
Stock Days
it holds stock equivalent to 65 days, this is more than average (51 days)
65 days - Cormac Leonard Commercials Ltd
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (10 weeks)
8 weeks - Cormac Leonard Commercials Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.2%, this is a lower level of debt than the average (61.7%)
34.2% - Cormac Leonard Commercials Ltd
61.7% - Industry AVG
cormac leonard commercials ltd Credit Report and Business Information
Cormac Leonard Commercials Ltd Competitor Analysis
Perform a competitor analysis for cormac leonard commercials ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cormac leonard commercials ltd Ownership
CORMAC LEONARD COMMERCIALS LTD group structure
Cormac Leonard Commercials Ltd has no subsidiary companies.
Ultimate parent company
1 parent
CORMAC LEONARD COMMERCIALS LTD
NI025839
cormac leonard commercials ltd directors
Cormac Leonard Commercials Ltd currently has 4 directors. The longest serving directors include Mr Cormac Leonard (Aug 1991) and Mr Leon Leonard (Aug 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Cormac Leonard | United Kingdom | 73 years | Aug 1991 | - | Director |
| Mr Leon Leonard | 70 years | Aug 1991 | - | Director | |
| Mr Cormac Leonard | United Kingdom | 73 years | Aug 1991 | - | Director |
| Mr Cormac Leonard | United Kingdom | 38 years | May 2014 | - | Director |
CORMAC LEONARD COMMERCIALS LTD financials
Cormac Leonard Commercials Ltd's latest turnover from March 2023 is £17.4 million and the company has net assets of £4.3 million. According to their latest financial statements, Cormac Leonard Commercials Ltd has 16 employees and maintains cash reserves of £350.4 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 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | May 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,391,201 | 20,011,869 | 20,350,806 | 14,423,311 | 18,459,506 | 18,472,696 | 17,795,347 | 15,979,808 | 14,513,109 | 14,799,460 | 13,216,775 | 13,585,534 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 16,167,420 | 18,447,257 | 19,251,915 | 13,292,670 | 17,015,410 | 17,192,207 | 16,503,155 | 14,846,900 | 13,277,738 | 13,356,065 | 12,129,193 | 12,550,927 | ||
| Gross Profit | 1,223,781 | 1,564,612 | 1,098,891 | 1,130,641 | 1,444,096 | 1,280,489 | 1,292,192 | 1,132,908 | 1,235,371 | 1,443,395 | 1,087,582 | 1,034,607 | ||
| Admin Expenses | 643,899 | 777,324 | 560,968 | 768,730 | 996,839 | 861,482 | 956,375 | 742,259 | 603,538 | 873,418 | 699,120 | 682,823 | ||
| Operating Profit | 579,882 | 787,288 | 537,923 | 361,911 | 447,257 | 419,007 | 335,817 | 390,649 | 631,833 | 569,977 | 388,462 | 351,784 | ||
| Interest Payable | 24,250 | 26,532 | 35,485 | 56,960 | 49,687 | 46,743 | 57,160 | 51,589 | 57,233 | 62,932 | 40,377 | 47,099 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113 | ||
| Pre-Tax Profit | 555,632 | 760,756 | 502,438 | 304,951 | 397,570 | 372,264 | 278,657 | 339,060 | 574,600 | 507,045 | 348,085 | 304,798 | ||
| Tax | -153,802 | -83,543 | -89,127 | -28,821 | -89,769 | -84,981 | -69,025 | -81,763 | -139,336 | -144,566 | -85,805 | -97,827 | ||
| Profit After Tax | 401,830 | 677,213 | 413,311 | 276,130 | 307,801 | 287,283 | 209,632 | 257,297 | 435,264 | 362,479 | 262,280 | 206,971 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 401,830 | 677,213 | 413,311 | 276,130 | 307,801 | 287,283 | 209,632 | 257,297 | 435,264 | 362,479 | 262,280 | 206,971 | ||
| Employee Costs | 547,614 | 482,861 | 354,456 | 374,531 | 1,047,593 | 1,019,186 | 1,032,754 | 1,032,881 | 295,270 | 357,890 | 299,009 | 288,060 | ||
| Number Of Employees | 16 | 16 | 16 | 16 | 16 | 13 | 13 | 13 | 13 | 12 | 11 | |||
| EBITDA* | 744,471 | 950,606 | 676,835 | 491,562 | 551,873 | 540,566 | 451,517 | 515,567 | 754,135 | 671,949 | 472,847 | 436,169 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | May 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,014,694 | 987,316 | 724,620 | 577,554 | 429,956 | 456,347 | 434,953 | 474,133 | 511,054 | 558,016 | 91,157 | 37,542 | 0 | 0 |
| Intangible Assets | 600,000 | 675,000 | 750,000 | 825,000 | 900,000 | 975,000 | 1,050,000 | 1,125,000 | 1,200,000 | 1,275,000 | 1,350,000 | 1,425,000 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 1,614,694 | 1,662,316 | 1,474,620 | 1,402,554 | 1,329,956 | 1,431,347 | 1,484,953 | 1,599,133 | 1,711,054 | 1,833,016 | 1,441,157 | 1,462,542 | 0 | 0 |
| Stock & work in progress | 2,909,900 | 3,671,814 | 4,452,575 | 4,907,720 | 4,971,825 | 3,409,140 | 3,817,410 | 3,426,119 | 3,183,310 | 3,216,052 | 2,494,360 | 3,007,428 | 0 | 0 |
| Trade Debtors | 1,490,210 | 1,434,367 | 901,560 | 813,329 | 1,121,999 | 1,493,605 | 1,021,579 | 980,152 | 321,614 | 605,957 | 351,548 | 562,987 | 302,644 | 131,226 |
| Group Debtors | 110,500 | 110,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,227 | 225,299 | 293,263 | 136,961 | 173,370 | 174,091 | 196,904 | 23,605 | 13,727 | 107,086 | 98,866 | 126,817 | 8,582 | 0 |
| Cash | 350,400 | 60,228 | 354,363 | 32,078 | 79,492 | 124,675 | 10,203 | 47,023 | 283,539 | 133,292 | 421,805 | 83,015 | 20,812 | 4 |
| misc current assets | 0 | 0 | 20,380 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,867,237 | 5,502,208 | 6,022,141 | 5,890,088 | 6,346,686 | 5,201,511 | 5,046,096 | 4,476,899 | 3,802,190 | 4,062,387 | 3,366,579 | 3,780,247 | 332,038 | 131,230 |
| total assets | 6,481,931 | 7,164,524 | 7,496,761 | 7,292,642 | 7,676,642 | 6,632,858 | 6,531,049 | 6,076,032 | 5,513,244 | 5,895,403 | 4,807,736 | 5,242,789 | 332,038 | 131,230 |
| Bank overdraft | 0 | 976,536 | 1,344,671 | 1,573,059 | 1,429,143 | 1,004,179 | 1,417,264 | 1,789,327 | 1,427,590 | 2,065,669 | 1,666,267 | 1,855,280 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 847,911 | 1,513,685 | 2,795,745 | 2,364,443 | 2,838,033 | 2,529,284 | 2,233,312 | 1,420,612 | 706,266 | 874,024 | 563,429 | 1,155,657 | 163,692 | 104,978 |
| Group/Directors Accounts | 1,080,191 | 616,536 | 0 | 526,380 | 794,312 | 555,428 | 461,767 | 446,432 | 1,721,957 | 150,000 | 150,000 | 642,094 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 199,294 | 165,063 | 140,854 | 24,986 | 116,331 | 348,186 | 507,238 | 710,919 | 195,966 | 153,300 | 126,313 | 164,441 | 0 | 0 |
| total current liabilities | 2,127,396 | 3,271,820 | 4,281,270 | 4,488,868 | 5,177,819 | 4,437,077 | 4,619,581 | 4,367,290 | 4,051,779 | 3,242,993 | 2,506,009 | 3,817,472 | 163,692 | 104,978 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,618,902 | 1,664,130 | 1,050,000 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 88,698 | 28,697 | 28,697 | 30,291 | 1,470 | 6,229 | 9,199 | 16,105 | 26,125 | 33,432 | 0 | 0 | 0 | 0 |
| total long term liabilities | 88,698 | 28,697 | 28,697 | 30,291 | 1,470 | 6,229 | 9,199 | 16,105 | 26,125 | 1,652,334 | 1,664,130 | 1,050,000 | 0 | 0 |
| total liabilities | 2,216,094 | 3,300,517 | 4,309,967 | 4,519,159 | 5,179,289 | 4,443,306 | 4,628,780 | 4,383,395 | 4,077,904 | 4,895,327 | 4,170,139 | 4,867,472 | 163,692 | 104,978 |
| net assets | 4,265,837 | 3,864,007 | 3,186,794 | 2,773,483 | 2,497,353 | 2,189,552 | 1,902,269 | 1,692,637 | 1,435,340 | 1,000,076 | 637,597 | 375,317 | 168,346 | 26,252 |
| total shareholders funds | 4,265,837 | 3,864,007 | 3,186,794 | 2,773,483 | 2,497,353 | 2,189,552 | 1,902,269 | 1,692,637 | 1,435,340 | 1,000,076 | 637,597 | 375,317 | 168,346 | 26,252 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | May 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 579,882 | 787,288 | 537,923 | 361,911 | 447,257 | 419,007 | 335,817 | 390,649 | 631,833 | 569,977 | 388,462 | 351,784 | ||
| Depreciation | 89,589 | 88,318 | 63,912 | 54,651 | 29,616 | 46,559 | 40,700 | 49,918 | 47,302 | 26,972 | 9,385 | 9,385 | 0 | 0 |
| Amortisation | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 0 | 0 |
| Tax | -153,802 | -83,543 | -89,127 | -28,821 | -89,769 | -84,981 | -69,025 | -81,763 | -139,336 | -144,566 | -85,805 | -97,827 | ||
| Stock | -761,914 | -780,761 | -455,145 | -64,105 | 1,562,685 | -408,270 | 391,291 | 242,809 | -32,742 | 721,692 | -513,068 | 3,007,428 | 0 | 0 |
| Debtors | -163,229 | 575,343 | 244,533 | -345,079 | -372,327 | 449,213 | 214,726 | 668,416 | -377,702 | 262,629 | -239,390 | 378,578 | 180,000 | 131,226 |
| Creditors | -665,774 | -1,282,060 | 431,302 | -473,590 | 308,749 | 295,972 | 812,700 | 714,346 | -167,758 | 310,595 | -592,228 | 991,965 | 58,714 | 104,978 |
| Accruals and Deferred Income | 34,231 | 24,209 | 115,868 | -91,345 | -231,855 | -159,052 | -203,681 | 514,953 | 42,666 | 26,987 | -38,128 | 164,441 | 0 | 0 |
| Deferred Taxes & Provisions | 60,001 | 0 | -1,594 | 28,821 | -4,759 | -2,970 | -6,906 | -10,020 | -7,307 | 33,432 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 944,270 | -185,370 | 1,343,896 | 335,811 | -656,119 | 548,592 | 378,588 | 741,858 | 892,844 | -85,924 | 509,144 | -1,891,258 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -67,953 | -1,520 | -12,997 | -340 | -493,831 | -63,000 | -1,546,927 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -67,953 | -1,520 | -12,997 | -340 | -493,831 | -63,000 | -1,546,927 | ||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 463,655 | 616,536 | -526,380 | -267,932 | 238,884 | 93,661 | 15,335 | -1,275,525 | 1,571,957 | 0 | -492,094 | 642,094 | 0 | 0 |
| Other Short Term Loans | 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 | -1,618,902 | -45,228 | 614,130 | 1,050,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -24,250 | -26,532 | -35,485 | -56,960 | -49,687 | -46,743 | -57,160 | -51,589 | -57,233 | -62,932 | -40,377 | -46,986 | ||
| cash flow from financing | 439,405 | 590,004 | -561,865 | -324,892 | 189,197 | 46,918 | -41,825 | -1,327,114 | -104,178 | -108,160 | 81,659 | 1,645,108 | ||
| cash and cash equivalents | ||||||||||||||
| cash | 290,172 | -294,135 | 322,285 | -47,414 | -45,183 | 114,472 | -36,820 | -236,516 | 150,247 | -288,513 | 338,790 | 62,203 | 20,808 | 4 |
| overdraft | -976,536 | -368,135 | -228,388 | 143,916 | 424,964 | -413,085 | -372,063 | 361,737 | -638,079 | 399,402 | -189,013 | 1,855,280 | 0 | 0 |
| change in cash | 1,266,708 | 74,000 | 550,673 | -191,330 | -470,147 | 527,557 | 335,243 | -598,253 | 788,326 | -687,915 | 527,803 | -1,793,077 | 20,808 | 4 |
P&L
March 2023turnover
17.4m
-13%
operating profit
579.9k
-26%
gross margin
7.1%
-10%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.3m
+0.1%
total assets
6.5m
-0.1%
cash
350.4k
+4.82%
net assets
Total assets minus all liabilities
Similar Companies
cormac leonard commercials ltd company details
company number
NI025839
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
45190 - Sale of other motor vehicles
incorporation date
August 1991
age
33
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
drumcairn drumcairn, loughgall road, armagh, BT61 7NN
last accounts submitted
March 2023
cormac leonard commercials 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 cormac leonard commercials ltd.
cormac leonard commercials ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
