Martin Contracts (ni) Ltd

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martin contracts (ni) ltd Company Information

Live

MatureSmallHealthy

Company Number

NI037962

Website

www.martincontracts.com

Registered Address

33 bridge road, dunloy, ballymena, county antrim, BT44 9AN

Industry

Electrical installation

Other building completion and finishing

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Telephone

02827657438

Next Accounts Due

December 2024

Group Structure

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Directors

Seamus Martin24 Years

Donna Martin19 Years

Shareholders

donna martin 50%

seamus og martin 50%

martin contracts (ni) ltd Estimated Valuation

£0 - £1.2m

The estimated valuation range for martin contracts (ni) ltd, derived from financial data as of March 2023 and the most recent industry multiples, is between £0 to £1.2m

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Martin Contracts (ni) Ltd is a live company located in ballymena, BT44 9AN with a Companies House number of NI037962. It operates in the electrical installation sector, SIC Code 43210. Founded in February 2000, it's largest shareholder is donna martin with a 50% stake. Martin Contracts (ni) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Martin Contracts (Ni) Ltd a 3.5 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 Rating3.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £2.1m, make it larger than the average company (£589.1k)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for martin contracts (ni) ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

MARTIN CONTRACTS (NI) LTD group structure

Martin Contracts (Ni) Ltd has no subsidiary companies.

Ultimate parent company

MARTIN CONTRACTS (NI) LTD

NI037962

MARTIN CONTRACTS (NI) LTD Shareholders

donna martin	50%
seamus og martin	50%

Martin Contracts (Ni) Ltd currently has 2 directors. The longest serving directors include Mr Seamus Martin (Feb 2000) and Mrs Donna Martin (Mar 2005).

officer	country	age	start	end	role
Mr Seamus Martin	Northern Ireland	56 years	Feb 2000	-	Director
Mrs Donna Martin	Northern Ireland	55 years	Mar 2005	-	Director

EXPORT

Martin Contracts (Ni) Ltd's latest turnover from March 2023 is estimated at £2.1 million and the company has net assets of £390.5 thousand. According to their latest financial statements, Martin Contracts (Ni) Ltd has 4 employees and maintains cash reserves of 0 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	Mar 2011	Mar 2010
Turnover	2,097,957	2,376,968	1,496,875	1,400,016	1,732,438	572,281	834,069	1,004,952	1,085,974	966,089	1,185,440	853,737	1,023,841	962,795
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,754,261	1,986,052	1,245,227	1,149,207	1,411,604	466,667	675,531	810,283	869,532	781,149	952,398	683,205	796,511	742,553
Gross Profit	343,696	390,916	251,648	250,809	320,834	105,614	158,539	194,669	216,442	184,940	233,043	170,531	227,330	220,243
Admin Expenses	377,343	383,020	281,646	203,149	420,382	53,096	130,325	187,830	124,737	130,981	195,242	170,664	199,738	-181,186
Operating Profit	-33,647	7,896	-29,998	47,660	-99,548	52,518	28,214	6,839	91,705	53,959	37,801	-133	27,592	401,429
Interest Payable	0	0	0	0	1,236	6,135	7,382	2,732	0	0	0	0	0	0
Interest Receivable	0	0	0	0	8	13	43	161	215	254	234	114	28	26
Pre-Tax Profit	-33,647	7,896	-29,998	47,660	-100,776	46,395	20,875	4,268	91,920	54,213	38,036	-19	27,619	401,456
Tax	0	-1,500	0	-9,055	0	-8,815	-4,175	-853	-19,303	-12,469	-9,129	0	-7,733	-112,408
Profit After Tax	-33,647	6,396	-29,998	38,605	-100,776	37,580	16,700	3,414	72,617	41,744	28,907	-19	19,886	289,048
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-33,647	6,396	-29,998	38,605	-100,776	37,580	16,700	3,414	72,617	41,744	28,907	-19	19,886	289,048
Employee Costs	146,923	180,196	176,777	181,771	148,057	141,845	144,120	149,136	146,111	142,085	170,742	135,276	164,653	163,919
Number Of Employees	4	5	5	5	4	4	4	4	4	4	5	4	5	5
EBITDA*	-33,647	7,896	-29,998	47,660	-99,548	81,357	57,014	33,003	108,605	76,052	53,467	11,411	39,286	415,195

* 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	Mar 2011	Mar 2010
Tangible Assets	379,148	406,453	400,519	409,059	374,206	59,173	57,734	43,603	55,982	72,882	55,069	42,881	42,374	49,862
Intangible Assets	0	0	0	0	0	498,030	511,115	524,200	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	537,285	550,370	563,455	576,540	402,125	411,460
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	379,148	406,453	400,519	409,059	374,206	557,203	568,849	567,803	593,267	623,252	618,524	619,421	444,499	461,322
Stock & work in progress	0	0	0	0	0	462,966	737,716	853,388	507,104	319,670	138,586	239,351	217,647	65,999
Trade Debtors	701,000	848,874	562,415	479,779	590,207	38,266	17,321	2,570	33,883	34,560	179,025	34,176	140,637	187,316
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	9,827	0	17,111	18,380	15,125	0	0	0	0	0	0
Cash	0	0	0	0	0	2,102	3,026	31,249	32,952	52,973	48,549	45,194	554	10,492
misc current assets	0	0	0	0	15,925	0	0	0	0	0	0	0	0	0
total current assets	701,000	848,874	562,415	489,606	606,132	520,445	776,443	902,332	573,939	407,203	366,160	318,721	358,838	263,807
total assets	1,080,148	1,255,327	962,934	898,665	980,338	1,077,648	1,345,292	1,470,135	1,167,206	1,030,455	984,684	938,142	803,337	725,129
Bank overdraft	0	0	0	0	0	36,626	152,158	84,071	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	539,758	621,847	356,197	303,018	427,719	109,554	70,786	130,748	472,961	486,460	471,138	444,843	415,593	335,189
Group/Directors Accounts	0	0	0	0	0	0	0	44,180	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	195,209	401,769	545,812	0	0	0	0	0	0
total current liabilities	539,758	621,847	356,197	303,018	427,719	341,389	624,713	804,811	472,961	486,460	471,138	444,843	415,593	335,189
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	2,475	10,661	2,250	3,532	4,000	0	0	0	0	0	0	0	0	0
other liabilities	147,458	198,715	186,779	144,409	139,518	226,380	248,280	209,725	242,060	164,427	175,722	184,382	78,808	100,890
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	149,933	209,376	189,029	147,941	143,518	226,380	248,280	209,725	242,060	164,427	175,722	184,382	78,808	100,890
total liabilities	689,691	831,223	545,226	450,959	571,237	567,769	872,993	1,014,536	715,021	650,887	646,860	629,225	494,401	436,079
net assets	390,457	424,104	417,708	447,706	409,101	509,879	472,299	455,599	452,185	379,568	337,824	308,917	308,936	289,050
total shareholders funds	390,457	424,104	417,708	447,706	409,101	509,879	472,299	455,599	452,185	379,568	337,824	308,917	308,936	289,050

	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	-33,647	7,896	-29,998	47,660	-99,548	52,518	28,214	6,839	91,705	53,959	37,801	-133	27,592	401,429
Depreciation	0	0	0	0	0	15,754	15,715	13,079	16,900	22,093	15,666	11,544	11,694	13,766
Amortisation	0	0	0	0	0	13,085	13,085	13,085	0	0	0	0	0	0
Tax	0	-1,500	0	-9,055	0	-8,815	-4,175	-853	-19,303	-12,469	-9,129	0	-7,733	-112,408
Stock	0	0	0	0	-462,966	-274,750	-115,672	346,284	187,434	181,084	-100,765	21,704	151,648	65,999
Debtors	-147,874	286,459	72,809	-100,601	534,830	19,676	18,006	-16,188	-677	-144,465	144,849	-106,461	-46,679	187,316
Creditors	-82,089	265,650	53,179	-124,701	318,165	38,768	-59,962	-342,213	-13,499	15,322	26,295	29,250	80,404	335,189
Accruals and Deferred Income	-8,186	8,411	-1,282	-468	-191,209	-206,560	-144,043	545,812	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	23,952	-6,002	-50,910	14,037	-44,456	159,824	-53,500	-94,347	-110,954	42,286	26,549	125,418	6,988	384,661
Investing Activities
capital expenditure	27,305	-5,934	8,540	-34,853	182,997	-17,193	-29,846	-537,985	0	-39,906	-27,854	-12,051	-4,206	-63,628
Change in Investments	0	0	0	0	0	0	0	-537,285	-13,085	-13,085	-13,085	174,415	-9,335	411,460
cash flow from investments	27,305	-5,934	8,540	-34,853	182,997	-17,193	-29,846	-700	13,085	-26,821	-14,769	-186,466	5,129	-475,088
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-44,180	44,180	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	-51,257	11,936	42,370	4,891	-86,862	-21,900	38,555	-32,335	77,633	-11,295	-8,660	105,574	-22,082	100,890
share issue	0	0	0	0	-2	0	0	0	0	0	0	0	0	2
interest	0	0	0	0	-1,228	-6,122	-7,339	-2,571	215	254	234	114	28	26
cash flow from financing	-51,257	11,936	42,370	4,891	-88,092	-28,022	-12,964	9,274	77,848	-11,041	-8,426	105,688	-22,054	100,918
cash and cash equivalents
cash	0	0	0	0	-2,102	-924	-28,223	-1,703	-20,021	4,424	3,355	44,640	-9,938	10,492
overdraft	0	0	0	0	-36,626	-115,532	68,087	84,071	0	0	0	0	0	0
change in cash	0	0	0	0	34,524	114,608	-96,310	-85,774	-20,021	4,424	3,355	44,640	-9,938	10,492

P&L

March 2023

turnover

2.1m

-12%

operating profit

-33.6k

gross margin

16.4%

-0.39%

turnover

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

Balance Sheet

March 2023

net assets

390.5k

-0.08%

total assets

1.1m

-0.14%

cash

net assets

Total assets minus all liabilities

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company number

NI037962

Type

Private limited with Share Capital

industry

43210 - Electrical installation

43390 - Other building completion and finishing

43220 - Plumbing, heat and air-conditioning installation

incorporation date

February 2000

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

martin mechanical & electrical ltd (July 2012)

martin mechanical ltd (October 2002)

incorporated

address

33 bridge road, dunloy, ballymena, county antrim, BT44 9AN

last accounts submitted

March 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 10 charges/mortgages relating to martin contracts (ni) ltd. Currently there are 10 open charges and 0 have been satisfied in the past.

martin contracts (ni) ltd Company Information

martin contracts (ni) ltd Estimated Valuation

martin contracts (ni) ltd Estimated Valuation

martin contracts (ni) ltd Estimated Valuation

Martin Contracts (ni) Ltd AI Business Plan

Martin Contracts (ni) Ltd Overview

Martin Contracts (ni) Ltd Health Check

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Martin Contracts (ni) Ltd Competitor Analysis

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martin contracts (ni) ltd directors

MARTIN CONTRACTS (NI) LTD financials

martin contracts (ni) ltd company details

martin contracts (ni) ltd Charges & Mortgages

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