Mulrose Developments Limited

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mulrose developments limited Company Information

Company Number

NI029398

Next Accounts

Dec 2025

Directors

Kevin McMullan

Rosemary McMullan

Shareholders

rosemary mcmullan

kevin mcmullan

Group Structure

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Industry

Construction of commercial buildings

Registered Address

145 bendooragh road, ballymoney, BT53 7NR

Website

mulrose developments limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MULROSE DEVELOPMENTS LIMITED at £1.1m based on a Turnover of £1.2m and 0.9x industry multiple (adjusted for size and gross margin).

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Mulrose Developments Limited is a live company located in ballymoney, BT53 7NR with a Companies House number of NI029398. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in April 1995, it's largest shareholder is rosemary mcmullan with a 50% stake. Mulrose Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Mulrose Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£4.2m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (7.4%)

EXPORT

Mulrose Developments Limited's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of £594.4 thousand. According to their latest financial statements, Mulrose Developments Limited has 1 employee 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	1,197,512	1,571,437	1,303,167	1,374,480	1,343,222	1,428,961	3,743,562	3,919,966	111,550	417,107	105,987	113,436	91,441	93,625	80,922
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,022,409	1,341,772	1,116,177	1,194,260	1,168,707	1,216,496	3,182,096	3,331,201	94,650	358,554	91,998	98,160	78,931	80,938	70,655
Gross Profit	175,104	229,665	186,990	180,219	174,516	212,464	561,467	588,765	16,900	58,553	13,989	15,276	12,510	12,687	10,267
Admin Expenses	282,635	159,061	245,851	76,952	249,281	655,648	636,927	647,877	75,881	87,239	40,739	41,212	42,133	9,105	-1,938,377
Operating Profit	-107,531	70,604	-58,861	103,267	-74,765	-443,184	-75,460	-59,112	-58,981	-28,686	-26,750	-25,936	-29,623	3,582	1,948,644
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	1,559	6,003	6,123	6,457	6,095	5,686	4,795	1,987
Pre-Tax Profit	-107,531	70,604	-58,861	103,267	-74,765	-443,184	-75,460	-57,553	-52,978	-22,563	-20,293	-19,841	-23,937	8,378	1,950,631
Tax	0	-13,415	0	-19,621	0	0	0	0	0	0	0	0	0	-2,346	-546,177
Profit After Tax	-107,531	57,189	-58,861	83,646	-74,765	-443,184	-75,460	-57,553	-52,978	-22,563	-20,293	-19,841	-23,937	6,032	1,404,454
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-107,531	57,189	-58,861	83,646	-74,765	-443,184	-75,460	-57,553	-52,978	-22,563	-20,293	-19,841	-23,937	6,032	1,404,454
Employee Costs	45,211	43,963	42,537	40,335	41,953	42,753	243,177	273,486	39,989	38,188	37,481	36,308	35,343	34,993	34,360
Number Of Employees	1	1	1	1	1	1	6	7	1	1	1	1	1	1	1
EBITDA*	-107,531	70,604	-58,861	103,267	-74,765	-443,184	-75,460	-59,112	-48,741	-16,137	-15,295	-12,555	-14,588	21,688	1,966,350

* 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	22,017	28,267	36,408	21,122	33,638	41,617	34,098	40,983	49,367	59,607	60,354	70,359	78,062	93,096	98,628
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	22,017	28,267	36,408	21,122	33,638	41,617	34,098	40,983	49,367	59,607	60,354	70,359	78,062	93,096	98,628
Stock & work in progress	0	0	0	0	0	0	0	0	115,000	115,000	85,000	117,000	254,350	305,000	591,500
Trade Debtors	582,549	774,247	683,112	736,252	648,758	690,892	1,304,815	1,340,409	348	115,953	1,764	5,190	2,227	3,832	4,805
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	1,247,318	1,153,702	1,295,584	1,287,308	1,150,731	1,123,538	794,616
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	582,549	774,247	683,112	736,252	648,758	690,892	1,304,815	1,340,409	1,362,666	1,384,655	1,382,348	1,409,498	1,407,308	1,432,370	1,390,921
total assets	604,566	802,514	719,520	757,374	682,396	732,509	1,338,913	1,381,392	1,412,033	1,444,262	1,442,702	1,479,857	1,485,370	1,525,466	1,489,549
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	9,111	99,528	73,723	52,191	60,784	36,132	199,352	166,196	141,157	120,408	96,285	113,147	98,819	114,978	85,093
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	9,111	99,528	73,723	52,191	60,784	36,132	199,352	166,196	141,157	120,408	96,285	113,147	98,819	114,978	85,093
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	1,100	1,100	1,100	1,625	1,700	1,700	1,700	1,875	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	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	1,100	1,100	1,100	1,625	1,700	1,700	1,700	1,875	0	0	0	0	0	0	0
total liabilities	10,211	100,628	74,823	53,816	62,484	37,832	201,052	168,071	141,157	120,408	96,285	113,147	98,819	114,978	85,093
net assets	594,355	701,886	644,697	703,558	619,912	694,677	1,137,861	1,213,321	1,270,876	1,323,854	1,346,417	1,366,710	1,386,551	1,410,488	1,404,456
total shareholders funds	594,355	701,886	644,697	703,558	619,912	694,677	1,137,861	1,213,321	1,270,876	1,323,854	1,346,417	1,366,710	1,386,551	1,410,488	1,404,456

	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	-107,531	70,604	-58,861	103,267	-74,765	-443,184	-75,460	-59,112	-58,981	-28,686	-26,750	-25,936	-29,623	3,582	1,948,644
Depreciation	0	0	0	0	0	0	0	0	10,240	12,549	11,455	13,381	15,035	18,106	17,706
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-13,415	0	-19,621	0	0	0	0	0	0	0	0	0	-2,346	-546,177
Stock	0	0	0	0	0	0	0	-115,000	0	30,000	-32,000	-137,350	-50,650	-286,500	591,500
Debtors	-191,698	91,135	-53,140	87,494	-42,134	-613,923	-35,594	1,340,061	-115,605	114,189	-3,426	2,963	-1,605	-973	4,805
Creditors	-90,417	25,805	21,532	-8,593	24,652	-163,220	33,156	25,039	20,749	24,123	-16,862	14,328	-16,159	29,885	85,093
Accruals and Deferred Income	0	0	-525	-75	0	0	-175	1,875	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	-6,250	-8,141	15,286	-12,516	-7,979	7,519	-6,885	-1,257,259	87,613	-136,203	3,269	136,160	21,508	336,700	908,961
Investing Activities
capital expenditure	6,250	8,141	-15,286	12,516	7,979	-7,519	6,885	8,384	0	-11,802	-1,450	-5,678	-1	-12,574	-116,334
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,250	8,141	-15,286	12,516	7,979	-7,519	6,885	8,384	0	-11,802	-1,450	-5,678	-1	-12,574	-116,334
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-2	0	0	0	0	0	0	2
interest	0	0	0	0	0	0	0	1,559	6,003	6,123	6,457	6,095	5,686	4,795	1,987
cash flow from financing	0	0	0	0	0	0	0	1,557	6,003	6,123	6,457	6,095	5,686	4,795	1,989
cash and cash equivalents
cash	0	0	0	0	0	0	0	-1,247,318	93,616	-141,882	8,276	136,577	27,193	328,922	794,616
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	-1,247,318	93,616	-141,882	8,276	136,577	27,193	328,922	794,616

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MULROSE DEVELOPMENTS LIMITED group structure

Mulrose Developments Limited has no subsidiary companies.

Ultimate parent company

MULROSE DEVELOPMENTS LIMITED

NI029398

MULROSE DEVELOPMENTS LIMITED Shareholders

rosemary mcmullan	50%
kevin mcmullan	50%

Mulrose Developments Limited currently has 2 directors. The longest serving directors include Mr Kevin McMullan (Apr 1995) and Mrs Rosemary McMullan (Apr 1995).

officer	country	age	start	end	role
Mr Kevin McMullan		67 years	Apr 1995	-	Director
Mrs Rosemary McMullan		65 years	Apr 1995	-	Director

P&L

March 2024

turnover

1.2m

-24%

operating profit

-107.5k

gross margin

14.7%

+0.05%

turnover

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

Balance Sheet

March 2024

net assets

594.4k

-0.15%

total assets

604.6k

-0.25%

cash

net assets

Total assets minus all liabilities

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company number

NI029398

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

41201 - Construction of commercial buildings

68100 - Buying and selling of own real estate

incorporation date

April 1995

ultimate parent company

None

previous names

N/A

address

145 bendooragh road, ballymoney, BT53 7NR

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mulrose developments limited Company Information

mulrose developments limited Estimated Valuation

mulrose developments limited Estimated Valuation

mulrose developments limited Estimated Valuation

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MULROSE DEVELOPMENTS LIMITED financials

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