may estates ltd
may estates ltd Company Information
Company Number
NI028339
Website
www.may-estates.comRegistered Address
12 market square, antrim, BT41 4AW
Industry
Development of building projects
Telephone
02894464844
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
mr russell james simpson 51%
ivm pcc with respect to ivm 022 49%
may estates ltd Estimated Valuation
Pomanda estimates the enterprise value of MAY ESTATES LTD at £50.6k based on a Turnover of £94.9k and 0.53x industry multiple (adjusted for size and gross margin).
may estates ltd Estimated Valuation
Pomanda estimates the enterprise value of MAY ESTATES LTD at £3m based on an EBITDA of £732.5k and a 4.05x industry multiple (adjusted for size and gross margin).
may estates ltd Estimated Valuation
Pomanda estimates the enterprise value of MAY ESTATES LTD at £566.7k based on Net Assets of £366.1k and 1.55x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
May Estates Ltd Overview
May Estates Ltd is a live company located in antrim, BT41 4AW with a Companies House number of NI028339. It operates in the development of building projects sector, SIC Code 41100. Founded in April 1994, it's largest shareholder is mr russell james simpson with a 51% stake. May Estates Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £94.9k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
May Estates Ltd Health Check
Pomanda's financial health check has awarded May Estates Ltd 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
4 Strong
2 Regular
4 Weak
Size
annual sales of £94.9k, make it smaller than the average company (£2.2m)
- May Estates Ltd
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -54%, show it is growing at a slower rate (2.6%)
- May Estates Ltd
2.6% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- May Estates Ltd
26.2% - Industry AVG
Profitability
an operating margin of 771.8% make it more profitable than the average company (7.6%)
- May Estates Ltd
7.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- May Estates Ltd
6 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
- May Estates Ltd
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £94.9k, this is less efficient (£280.2k)
- May Estates Ltd
£280.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- May Estates Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (31 days)
- May Estates Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- May Estates Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1006 weeks, this is more cash available to meet short term requirements (13 weeks)
1006 weeks - May Estates Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.9%, this is a lower level of debt than the average (73.7%)
4.9% - May Estates Ltd
73.7% - Industry AVG
MAY ESTATES LTD financials
May Estates Ltd's latest turnover from April 2023 is estimated at £94.9 thousand and the company has net assets of £366.1 thousand. According to their latest financial statements, we estimate that May Estates Ltd has 1 employee and maintains cash reserves of £366.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,262,857 | 11,726,519 | 10,964,581 | |||||||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 1,262,173 | 10,444,668 | 10,028,711 | |||||||||||
| Gross Profit | 3,000,684 | 1,281,851 | 935,870 | |||||||||||
| Admin Expenses | 2,778,045 | 837,381 | 1,048,854 | |||||||||||
| Operating Profit | 222,639 | 444,470 | -112,984 | |||||||||||
| Interest Payable | 289,491 | 223,059 | 199,135 | |||||||||||
| Interest Receivable | 698 | 9,826 | 31,880 | |||||||||||
| Pre-Tax Profit | -65,954 | 231,237 | -280,239 | |||||||||||
| Tax | -7,832 | -15,002 | 40,062 | |||||||||||
| Profit After Tax | -73,786 | 216,235 | -240,177 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||||
| Retained Profit | -26,798 | 218,421 | -114,790 | |||||||||||
| Employee Costs | 355,502 | 407,150 | 382,865 | |||||||||||
| Number Of Employees | 12 | 19 | 15 | 50 | 50 | |||||||||
| EBITDA* | 340,823 | 575,991 | 29,174 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 800,000 | 800,000 | 800,000 | 3,252,500 | 2,930,699 | 5,364,664 | 5,376,917 | 5,448,023 | 5,482,885 | 5,423,813 | 6,269,472 | 6,236,245 | 5,705,415 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222,509 | 235,547 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,602 | 0 | 248,585 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 800,000 | 800,000 | 800,000 | 3,252,500 | 2,930,699 | 5,364,664 | 5,376,917 | 5,448,023 | 5,482,885 | 5,423,813 | 6,531,583 | 6,471,792 | 5,954,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 300,292 | 2,627,996 | 259,673 | 405,552 | 918,705 | 387,160 | 309,491 | 738,631 | 1,523,166 | 947,375 |
| Trade Debtors | 0 | 6,154 | 384 | 114,189 | 39,534 | 747,011 | 1,077,248 | 792,713 | 860,133 | 809,259 | 835,482 | 80,816 | 2,839,897 | 2,055,517 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 301,500 | 170,000 |
| Misc Debtors | 14,076 | 30,545 | 79,333 | 107,971 | 73,437 | 0 | 0 | 0 | 0 | 0 | 0 | 1,881,869 | 2,090,272 | 972,701 |
| Cash | 366,726 | 19,546 | 70,450 | 18,430 | 77,492 | 37,675 | 37,789 | 181,319 | 153,557 | 124,578 | 33,002 | 244,304 | 1,006,756 | 822,274 |
| misc current assets | 4,200 | 4,200 | 4,200 | 4,200 | 4,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 385,002 | 60,445 | 154,367 | 244,790 | 494,955 | 3,412,682 | 1,374,710 | 1,379,584 | 1,932,395 | 1,320,997 | 1,177,975 | 2,945,620 | 7,761,591 | 4,967,867 |
| total assets | 385,002 | 860,445 | 954,367 | 1,044,790 | 3,747,455 | 6,343,381 | 6,739,374 | 6,756,501 | 7,380,418 | 6,803,882 | 6,601,788 | 9,477,203 | 14,233,383 | 10,921,867 |
| Bank overdraft | 0 | 0 | 2,883 | 0 | 0 | 211,454 | 0 | 0 | 0 | 0 | 0 | 0 | 499,081 | 262,169 |
| Bank loan | 0 | 0 | 0 | 0 | 67,318 | 288,076 | 0 | 0 | 0 | 0 | 0 | 210,000 | 210,000 | 210,000 |
| Trade Creditors | 11,049 | 17,210 | 6,226 | 56,367 | 201,772 | 2,605,892 | 926,090 | 716,760 | 967,535 | 368,084 | 291,621 | 1,350,272 | 4,015,260 | 2,770,212 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169,249 | 1,241,514 | 659,775 |
| 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 | 16,776 | 0 | 0 | 0 | 0 | 0 | 11,448 | 25,892 | 66,939 |
| other current liabilities | 7,900 | 600,312 | 313,271 | 316,798 | 2,082,118 | 299,263 | 0 | 0 | 0 | 0 | 0 | 297,474 | 349,897 | 111,353 |
| total current liabilities | 18,949 | 617,522 | 322,380 | 373,165 | 2,351,208 | 3,421,461 | 926,090 | 716,760 | 967,535 | 368,084 | 291,621 | 2,038,443 | 6,341,644 | 4,080,448 |
| loans | 0 | 0 | 515,475 | 515,475 | 1,095,459 | 2,322,084 | 0 | 0 | 0 | 0 | 0 | 5,829,849 | 6,137,364 | 5,070,926 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 45,588 | 0 | 0 | 0 | 0 | 0 | 14,014 | 25,294 | 51,186 |
| 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 | 3,211,201 | 3,457,985 | 3,971,699 | 3,968,490 | 3,866,763 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 515,475 | 515,475 | 1,095,459 | 2,367,672 | 3,211,201 | 3,457,985 | 3,971,699 | 3,968,490 | 3,866,763 | 5,843,863 | 6,162,658 | 5,122,112 |
| total liabilities | 18,949 | 617,522 | 837,855 | 888,640 | 3,446,667 | 5,789,133 | 4,137,291 | 4,174,745 | 4,939,234 | 4,336,574 | 4,158,384 | 7,882,306 | 12,504,302 | 9,202,560 |
| net assets | 366,053 | 242,923 | 116,512 | 156,150 | 300,788 | 554,248 | 2,602,083 | 2,581,756 | 2,441,184 | 2,467,308 | 2,443,404 | 1,594,897 | 1,721,695 | 1,709,735 |
| total shareholders funds | 366,053 | 242,923 | 116,512 | 156,150 | 300,788 | 554,248 | 2,602,083 | 2,581,756 | 2,441,184 | 2,467,308 | 2,443,404 | 1,594,897 | 1,721,695 | 1,709,735 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 222,639 | 444,470 | -112,984 | |||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 9,295 | 35,274 | 496,474 | 38,121 | 66,409 | 71,882 | 45,172 | 105,146 | 118,483 | 129,075 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,038 | 13,038 | 13,083 |
| Tax | -7,832 | -15,002 | 40,062 | |||||||||||
| Stock | 0 | 0 | 0 | -300,292 | -2,327,704 | 2,368,323 | -145,879 | -513,153 | 531,545 | 77,669 | -429,140 | -784,535 | 575,791 | 947,375 |
| Debtors | -22,623 | -43,018 | -142,443 | 109,189 | -634,040 | -330,237 | 284,535 | -67,420 | 50,874 | -26,223 | -1,127,203 | -3,268,984 | 2,033,451 | 3,198,218 |
| Creditors | -6,161 | 10,984 | -50,141 | -145,405 | -2,404,120 | 1,679,802 | 209,330 | -250,775 | 599,451 | 76,463 | -1,058,651 | -2,664,988 | 1,245,048 | 2,770,212 |
| Accruals and Deferred Income | -592,412 | 287,041 | -3,527 | -1,765,320 | 1,782,855 | 299,263 | 0 | 0 | 0 | 0 | -297,474 | -52,423 | 238,544 | 111,353 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,669,099 | -564,661 | -1,194,792 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -239,887 | -634,483 | -54,397 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39,602 | 39,602 | -248,585 | 248,585 |
| cash flow from investments | -279,489 | -385,898 | -302,982 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | -67,318 | -220,758 | 288,076 | 0 | 0 | 0 | 0 | -210,000 | 0 | 0 | 210,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -169,249 | -1,072,265 | 581,739 | 659,775 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -515,475 | 0 | -579,984 | -1,226,625 | 2,322,084 | 0 | 0 | 0 | 0 | -5,829,849 | -307,515 | 1,066,438 | 5,070,926 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -62,364 | 62,364 | 0 | 0 | 0 | 0 | -25,462 | -25,724 | -66,939 | 118,125 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -3,211,201 | -246,784 | -513,714 | 3,209 | 101,727 | 3,866,763 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -288,793 | -213,233 | -167,255 | |||||||||||
| cash flow from financing | -1,794,297 | 1,161,544 | 7,716,096 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 347,180 | -50,904 | 52,020 | -59,062 | 39,817 | -114 | -143,530 | 27,762 | 28,979 | 91,576 | -211,302 | -762,452 | 184,482 | 822,274 |
| overdraft | 0 | -2,883 | 2,883 | 0 | -211,454 | 211,454 | 0 | 0 | 0 | 0 | 0 | -499,081 | 236,912 | 262,169 |
| change in cash | 347,180 | -48,021 | 49,137 | -59,062 | 251,271 | -211,568 | -143,530 | 27,762 | 28,979 | 91,576 | -211,302 | -263,371 | -52,430 | 560,105 |
may estates ltd Credit Report and Business Information
May Estates Ltd Competitor Analysis
Perform a competitor analysis for may estates ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in BT41 area or any other competitors across 12 key performance metrics.
may estates ltd Ownership
MAY ESTATES LTD group structure
May Estates Ltd has 1 subsidiary company.
Ultimate parent company
MAY ESTATES LTD
NI028339
1 subsidiary
may estates ltd directors
May Estates Ltd currently has 3 directors. The longest serving directors include Miss Rebecca Simpson (Apr 2014) and Mr Gilbert Graham (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Rebecca Simpson | 33 years | Apr 2014 | - | Director | |
| Mr Gilbert Graham | Northern Ireland | 75 years | Apr 2018 | - | Director |
| Mrs Rhonda Simpson | Northern Ireland | 48 years | May 2018 | - | Director |
P&L
April 2023turnover
94.9k
-14%
operating profit
732.5k
0%
gross margin
26.2%
+7.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
366.1k
+0.51%
total assets
385k
-0.55%
cash
366.7k
+17.76%
net assets
Total assets minus all liabilities
may estates ltd company details
company number
NI028339
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 1994
age
30
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
EXCHANGE ACCOUNTANTS LIMITED
auditor
-
address
12 market square, antrim, BT41 4AW
Bank
ULSTER BANK LTD
Legal Advisor
-
may estates 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 found 18 charges/mortgages relating to may estates ltd. Currently there are 1 open charges and 17 have been satisfied in the past.
may estates ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
