Mechanical Installations & Maintenance (n.i.) Limited

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mechanical installations & maintenance (n.i.) limited Company Information

Live

MatureMidLow

Company Number

NI028109

Website

https://www.mim.co.uk

Registered Address

6 carrakeel industrial park, maydown, londonderry, BT47 6SZ

Industry

Installation of industrial machinery and equipment

Telephone

02871861244

Next Accounts Due

November 2024

Group Structure

View All

Directors

John Deery30 Years

Catherine Deery2 Years

Shareholders

john deery 53.3%

catherine deery 46.7%

mechanical installations & maintenance (n.i.) limited Estimated Valuation

£9.3m

Pomanda estimates the enterprise value of MECHANICAL INSTALLATIONS & MAINTENANCE (N.I.) LIMITED at £9.3m based on Net Assets of £2.7m and 3.43x industry multiple (adjusted for liquidity).

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Mechanical Installations & Maintenance (n.i.) Limited is a live company located in londonderry, BT47 6SZ with a Companies House number of NI028109. It operates in the installation of industrial machinery and equipment sector, SIC Code 33200. Founded in January 1994, it's largest shareholder is john deery with a 53.3% stake. Mechanical Installations & Maintenance (n.i.) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with low growth in recent years.

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Pomanda's financial health check has awarded Mechanical Installations & Maintenance (N.I.) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£8.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a similar rate (1.9%)

EXPORT

Mechanical Installations & Maintenance (N.I.) Limited's latest turnover from February 2023 is estimated at £5.1 million and the company has net assets of £2.7 million. According to their latest financial statements, Mechanical Installations & Maintenance (N.I.) Limited has 56 employees and maintains cash reserves of £889.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	5,139,391	4,215,287	3,575,538	4,886,793	4,319,440	3,773,436	4,356,427	3,183,878	2,585,426	2,567,109	2,427,692	1,212,827	901,963	1,488,913
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,239,335	3,395,663	2,852,447	3,875,479	3,354,269	2,942,150	3,394,475	2,469,267	1,976,875	1,961,856	1,921,247	921,676	687,180	1,155,773
Gross Profit	900,056	819,625	723,090	1,011,314	965,171	831,286	961,951	714,611	608,551	605,253	506,445	291,151	214,783	333,140
Admin Expenses	760,955	736,539	209,110	828,436	357,113	382,953	431,949	730,520	716,902	666,691	429,849	111,451	-520,393	165,494
Operating Profit	139,101	83,086	513,980	182,878	608,058	448,333	530,002	-15,909	-108,351	-61,438	76,596	179,700	735,176	167,646
Interest Payable	0	0	0	0	0	0	0	0	0	0	6,446	9,091	2,645	0
Interest Receivable	33,919	4,302	1,077	9,725	7,752	3,221	910	655	1,045	1,672	2,033	2,288	1,346	193
Pre-Tax Profit	173,020	87,388	515,057	192,604	615,810	451,554	530,913	-15,254	-107,306	-59,766	72,183	172,897	733,876	167,839
Tax	-32,874	-16,604	-97,861	-36,595	-117,004	-85,795	-106,182	0	0	0	-17,324	-44,953	-205,485	-46,995
Profit After Tax	140,146	70,784	417,196	156,009	498,806	365,759	424,730	-15,254	-107,306	-59,766	54,859	127,944	528,391	120,844
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	140,146	70,784	417,196	156,009	498,806	365,759	424,730	-15,254	-107,306	-59,766	54,859	127,944	528,391	120,844
Employee Costs	2,840,250	2,757,175	2,598,687	2,610,853	654,731	480,278	2,264,658	1,656,373	305,001	339,961	332,365	204,671	153,456	236,432
Number Of Employees	56	56	56	56	15	11	53	38	7	8	8	5	4	6
EBITDA*	233,603	148,971	569,784	251,935	685,033	511,069	569,653	24,507	-65,161	-17,303	117,744	216,793	766,894	189,338

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	802,718	685,984	709,362	723,237	750,900	256,659	132,831	104,116	104,703	134,311	169,121	148,109	83,166	77,989
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	802,718	685,984	709,362	723,237	750,900	256,659	132,831	104,116	104,703	134,311	169,121	148,109	83,166	77,989
Stock & work in progress	511,916	95,141	304,169	142,005	50,231	121,419	121,869	135,022	180,761	68,232	45,416	45,836	92,388	34,958
Trade Debtors	1,489,762	1,441,601	1,098,607	1,258,122	1,256,463	1,353,850	1,317,829	805,690	796,914	817,976	811,917	410,957	288,790	451,674
Group Debtors	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	370,542	251,223	0
Cash	889,173	806,787	914,050	1,240,234	1,353,170	713,966	574,470	153,764	108,040	309,942	359,052	454,020	461,176	77,123
misc current assets	125,000	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,015,851	2,343,529	2,316,826	2,640,361	2,659,864	2,189,235	2,014,168	1,094,476	1,085,715	1,196,150	1,216,385	1,281,355	1,093,577	563,755
total assets	3,818,569	3,029,513	3,026,188	3,363,598	3,410,764	2,445,894	2,146,999	1,198,592	1,190,418	1,330,461	1,385,506	1,429,464	1,176,743	641,744
Bank overdraft	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	198,325	81,392	0
Trade Creditors	1,065,038	444,765	508,058	1,261,582	1,448,505	980,656	1,059,514	543,059	520,395	539,242	521,696	261,485	182,584	520,885
Group/Directors Accounts	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
hp & lease commitments	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	170,806	263,517	0
total current liabilities	1,065,038	444,765	508,058	1,261,582	1,448,505	980,656	1,059,514	543,059	520,395	539,242	521,696	630,616	527,493	520,885
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	30,374	1,737	5,903	6,985	23,237	25,022	13,028	5,806	5,042	18,932	31,757	21,654	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	30,374	1,737	5,903	6,985	23,237	25,022	13,028	5,806	5,042	18,932	31,757	21,654	0	0
total liabilities	1,095,412	446,502	513,961	1,268,567	1,471,742	1,005,678	1,072,542	548,865	525,437	558,174	553,453	652,270	527,493	520,885
net assets	2,723,157	2,583,011	2,512,227	2,095,031	1,939,022	1,440,216	1,074,457	649,727	664,981	772,287	832,053	777,194	649,250	120,859
total shareholders funds	2,723,157	2,583,011	2,512,227	2,095,031	1,939,022	1,440,216	1,074,457	649,727	664,981	772,287	832,053	777,194	649,250	120,859

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	139,101	83,086	513,980	182,878	608,058	448,333	530,002	-15,909	-108,351	-61,438	76,596	179,700	735,176	167,646
Depreciation	94,502	65,885	55,804	69,057	76,975	62,736	39,651	40,416	43,190	44,135	41,148	37,093	31,718	21,692
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-32,874	-16,604	-97,861	-36,595	-117,004	-85,795	-106,182	0	0	0	-17,324	-44,953	-205,485	-46,995
Stock	416,775	-209,028	162,164	91,774	-71,188	-450	-13,153	-45,739	112,529	22,816	-420	-46,552	57,430	34,958
Debtors	48,161	342,994	-159,515	1,659	-97,387	36,021	512,139	8,776	-21,062	6,059	30,418	241,486	88,339	451,674
Creditors	620,273	-63,293	-753,524	-186,923	467,849	-78,858	516,455	22,664	-18,847	17,546	260,211	78,901	-338,301	520,885
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	-170,806	-92,711	263,517	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	356,066	-64,892	-284,250	-65,016	1,204,453	310,845	480,940	84,134	-175,475	-28,632	159,827	-36,904	340,856	176,596
Investing Activities
capital expenditure	-211,236	-42,507	-41,929	-41,394	-571,216	-186,564	-68,366	-39,829	-13,582	-9,325	-62,160	-102,036	-36,895	-99,681
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-211,236	-42,507	-41,929	-41,394	-571,216	-186,564	-68,366	-39,829	-13,582	-9,325	-62,160	-102,036	-36,895	-99,681
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	-198,325	116,933	81,392	0
Group/Directors Accounts	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
Long term loans	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
other long term liabilities	28,637	-4,166	-1,082	-16,252	-1,785	11,994	7,222	764	-13,890	-12,825	10,103	21,654	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	15
interest	33,919	4,302	1,077	9,725	7,752	3,221	910	655	1,045	1,672	-4,413	-6,803	-1,299	193
cash flow from financing	62,556	136	-5	-6,527	5,967	15,215	8,132	1,419	-12,845	-11,153	-192,635	131,784	80,093	208
cash and cash equivalents
cash	82,386	-107,263	-326,184	-112,936	639,204	139,496	420,706	45,724	-201,902	-49,110	-94,968	-7,156	384,053	77,123
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	82,386	-107,263	-326,184	-112,936	639,204	139,496	420,706	45,724	-201,902	-49,110	-94,968	-7,156	384,053	77,123

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MECHANICAL INSTALLATIONS & MAINTENANCE (N.I.) LIMITED group structure

Mechanical Installations & Maintenance (N.I.) Limited has no subsidiary companies.

Ultimate parent company

MECHANICAL INSTALLATIONS & MAINTENANCE (N.I.) LIMITED

NI028109

MECHANICAL INSTALLATIONS & MAINTENANCE (N.I.) LIMITED Shareholders

john deery	53.33%
catherine deery	46.67%

Mechanical Installations & Maintenance (N.I.) Limited currently has 2 directors. The longest serving directors include Mr John Deery (Jan 1994) and Mrs Catherine Deery (Nov 2021).

officer	country	age	start	end	role
Mr John Deery		61 years	Jan 1994	-	Director
Mrs Catherine Deery	Northern Ireland	61 years	Nov 2021	-	Director

P&L

February 2023

turnover

5.1m

+22%

operating profit

139.1k

gross margin

17.6%

-9.93%

turnover

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

Balance Sheet

February 2023

net assets

2.7m

+0.05%

total assets

3.8m

+0.26%

cash

889.2k

+0.1%

net assets

Total assets minus all liabilities

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company number

NI028109

Type

Private limited with Share Capital

industry

33200 - Installation of industrial machinery and equipment

incorporation date

January 1994

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

forgemore limited (February 1994)

incorporated

address

6 carrakeel industrial park, maydown, londonderry, BT47 6SZ

last accounts submitted

February 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 found 3 charges/mortgages relating to mechanical installations & maintenance (n.i.) limited. Currently there are 2 open charges and 1 have been satisfied in the past.

mechanical installations & maintenance (n.i.) limited Company Information

mechanical installations & maintenance (n.i.) limited Estimated Valuation

mechanical installations & maintenance (n.i.) limited Estimated Valuation

mechanical installations & maintenance (n.i.) limited Estimated Valuation

Mechanical Installations & Maintenance (n.i.) Limited Overview

Mechanical Installations & Maintenance (n.i.) Limited Health Check

MECHANICAL INSTALLATIONS & MAINTENANCE (N.I.) LIMITED financials

mechanical installations & maintenance (n.i.) limited Credit Report and Business Information

Mechanical Installations & Maintenance (n.i.) Limited Competitor Analysis

mechanical installations & maintenance (n.i.) limited Ownership

mechanical installations & maintenance (n.i.) limited directors

mechanical installations & maintenance (n.i.) limited company details

mechanical installations & maintenance (n.i.) limited Charges & Mortgages

mechanical installations & maintenance (n.i.) limited Companies House Filings - See Documents