Peter Mccormack & Sons Limited

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peter mccormack & sons limited Company Information

Company Number

NI038813

Next Accounts

Mar 2025

Directors

Martin McCormack

David Snowball

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Shareholders

caroline mccormack

greg mccormack

Group Structure

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Industry

Construction of utility projects for electricity and telecommunications

Registered Address

17 kilrea road, maghera, BT46 5SN

Website

http://mccormackdrilling.com

peter mccormack & sons limited Estimated Valuation

£16.2m

Pomanda estimates the enterprise value of PETER MCCORMACK & SONS LIMITED at £16.2m based on Net Assets of £7.6m and 2.13x industry multiple (adjusted for liquidity).

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Peter Mccormack & Sons Limited is a live company located in maghera, BT46 5SN with a Companies House number of NI038813. It operates in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in June 2000, it's largest shareholder is caroline mccormack with a 50% stake. Peter Mccormack & Sons Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Peter Mccormack & Sons Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £12.9m, make it larger than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (15.2%)

EXPORT

Peter Mccormack & Sons Limited's latest turnover from June 2023 is estimated at £12.9 million and the company has net assets of £7.6 million. According to their latest financial statements, Peter Mccormack & Sons Limited has 25 employees and maintains cash reserves of £584.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	12,890,799	9,146,273	4,929,374	12,910,450	16,274,085	11,394,566	4,077,117	6,612,377	4,520,314	3,747,705	3,156,534	3,931,777	1,833,537	2,360,149
Other Income Or Grants
Cost Of Sales	9,106,301	6,752,016	4,546,604	9,740,761	12,488,357	7,968,525	2,959,563	5,426,620	3,626,560	3,111,320	2,617,448	2,982,188	1,450,733	1,892,009
Gross Profit	3,784,499	2,394,257	382,770	3,169,689	3,785,728	3,426,041	1,117,554	1,185,757	893,755	636,384	539,086	949,589	382,804	468,140
Admin Expenses	1,256,311	1,528,720	606,288	987,194	1,079,848	2,876,681	339,410	610,941	705,374	592,293	489,564	768,865	421,967	107,211
Operating Profit	2,528,188	865,537	-223,518	2,182,495	2,705,880	549,360	778,144	574,816	188,381	44,091	49,522	180,724	-39,163	360,929
Interest Payable	76,089	59,360	108,065	84,623	89,607	19,836	1,975	1,299				4,464	9,033	4,569
Interest Receivable	47,774	16,116	52			966	742	1,173	390	146	120	65	85	42
Pre-Tax Profit	2,499,873	822,293	-331,531	2,097,872	2,616,273	530,490	776,911	574,690	188,771	44,237	49,642	176,325	-48,111	356,403
Tax	-624,968	-156,236	-58,105	-207,263	-490,049	-100,793	-147,613	-114,938	-37,754	-9,290	-11,418	-42,318		-99,793
Profit After Tax	1,874,905	666,057	-389,636	1,890,609	2,126,224	429,697	629,298	459,752	151,017	34,947	38,224	134,007	-48,111	256,610
Dividends Paid			165,000	310,000	196,000
Retained Profit	1,874,905	666,057	-554,636	1,580,609	1,930,224	429,697	629,298	459,752	151,017	34,947	38,224	134,007	-48,111	256,610
Employee Costs	1,335,565	1,146,088	1,244,496	1,499,521	1,242,099	1,196,975	1,194,985	935,542	827,307	873,041	747,787	1,065,688	530,405	627,692
Number Of Employees	25	22	22	22	27	27	24	20	16	19	17	27	13	14
EBITDA*	3,257,402	1,347,897	229,571	2,658,874	3,288,797	916,921	909,022	766,366	335,754	166,126	153,061	277,981	54,372	444,054

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	6,710,726	4,630,885	4,332,095	3,011,783	2,688,815	2,428,971	1,650,189	1,311,850	1,067,433	969,832	813,974	908,165	761,382	634,223
Intangible Assets
Investments & Other
Debtors (Due After 1 year)		110,787
Total Fixed Assets	6,710,726	4,741,672	4,332,095	3,011,783	2,688,815	2,428,971	1,650,189	1,311,850	1,067,433	969,832	813,974	908,165	761,382	634,223
Stock & work in progress	1,280,667	1,415,939	1,168,242	961,300	1,291,450	1,095,837	72,907	420,327	163,342	257,815	113,373	86,728	37,288	43,608
Trade Debtors	1,780,409	645,730	465,579	463,603	2,285,171	1,333,679	734,886	546,811	330,638	126,070	176,196	344,223	168,510	336,322
Group Debtors
Misc Debtors	1,259,098	739,282	954,523	1,354,658	851,753	323,997	40,746	60,815
Cash	584,730	1,326,211	1,252,321	3,047,197	1,459,362	124,856	261,376	332,434	136,751	19,368	38,915	8,987	17,060	16,918
misc current assets
total current assets	4,904,904	4,127,162	3,840,665	5,826,758	5,887,736	2,878,369	1,109,915	1,360,387	630,731	403,253	328,484	439,938	222,858	396,848
total assets	11,615,630	8,868,834	8,172,760	8,838,541	8,576,551	5,307,340	2,760,104	2,672,237	1,698,164	1,373,085	1,142,458	1,348,103	984,240	1,031,071
Bank overdraft			86,813	13,983	7,465	587,085	23,249	39,962					137,343	140,582
Bank loan	138,079	167,272
Trade Creditors	1,706,143	1,028,865	398,144	557,220	1,616,938	1,197,601	397,302	950,753	752,056	644,360	578,490	740,101	445,322	464,526
Group/Directors Accounts					2,907	216	44	3,942
other short term finances
hp & lease commitments	395,633	576,217			464,076	238,201	130,895	125,226
other current liabilities	440,495	188,124	840,841	1,103,482	1,048,647	192,569	311,699	244,172
total current liabilities	2,680,350	1,960,478	1,325,798	1,674,685	3,140,033	2,215,672	863,189	1,364,055	752,056	644,360	578,490	740,101	582,665	605,108
loans	470,000	608,079	775,351	250,000
hp & lease commitments			461,849	881,359	956,389	807,436	57,211	93,713
Accruals and Deferred Income
other liabilities	389,627	99,529	75,072	112,063	247,074				219,023	159,896	75,769	134,140	77,271	46,245
provisions	492,953	492,953	492,952	324,060	217,290	198,691	183,860	187,923	160,291	153,052	107,369	131,256	115,705	123,008
total long term liabilities	1,352,580	1,200,561	1,805,224	1,567,482	1,420,753	1,006,127	241,071	281,636	379,314	312,948	183,138	265,396	192,976	169,253
total liabilities	4,032,930	3,161,039	3,131,022	3,242,167	4,560,786	3,221,799	1,104,260	1,645,691	1,131,370	957,308	761,628	1,005,497	775,641	774,361
net assets	7,582,700	5,707,795	5,041,738	5,596,374	4,015,765	2,085,541	1,655,844	1,026,546	566,794	415,777	380,830	342,606	208,599	256,710
total shareholders funds	7,582,700	5,707,795	5,041,738	5,596,374	4,015,765	2,085,541	1,655,844	1,026,546	566,794	415,777	380,830	342,606	208,599	256,710

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	2,528,188	865,537	-223,518	2,182,495	2,705,880	549,360	778,144	574,816	188,381	44,091	49,522	180,724	-39,163	360,929
Depreciation	729,214	482,360	453,089	476,379	582,917	367,561	130,878	191,550	147,373	122,035	103,539	97,257	93,535	83,125
Amortisation
Tax	-624,968	-156,236	-58,105	-207,263	-490,049	-100,793	-147,613	-114,938	-37,754	-9,290	-11,418	-42,318		-99,793
Stock	-135,272	247,697	206,942	-330,150	195,613	1,022,930	-347,420	256,985	-94,473	144,442	26,645	49,440	-6,320	43,608
Debtors	1,543,708	75,697	-398,159	-1,318,663	1,479,248	882,044	168,006	276,988	204,568	-50,126	-168,027	175,713	-167,812	336,322
Creditors	677,278	630,721	-159,076	-1,059,718	419,337	800,299	-553,451	198,697	107,696	65,870	-161,611	294,779	-19,204	464,526
Accruals and Deferred Income	252,371	-652,717	-262,641	54,835	856,078	-119,130	67,527	244,172
Deferred Taxes & Provisions		1	168,892	106,770	18,599	14,831	-4,063	27,632	7,239	45,683	-23,887	15,551	-7,303	123,008
Cash flow from operations	2,153,647	846,272	109,858	3,202,311	2,417,901	-392,846	450,836	587,956	302,840	174,073	97,527	320,840	201,997	551,865
Investing Activities
capital expenditure	-2,809,055	-781,150				-1,146,343	-469,217	-435,967	-244,974	-277,893	-9,348	-244,040	-220,694	-717,348
Change in Investments
cash flow from investments	-2,809,055	-781,150				-1,146,343	-469,217	-435,967	-244,974	-277,893	-9,348	-244,040	-220,694	-717,348
Financing Activities
Bank loans	-29,193	167,272
Group/Directors Accounts				-2,907	2,691	172	-3,898	3,942
Other Short Term Loans
Long term loans	-138,079	-167,272	525,351	250,000
Hire Purchase and Lease Commitments	-180,584	114,368	-419,510	-539,106	374,828	857,531	-30,833	218,939
other long term liabilities	290,098	24,457	-36,991	-135,011	247,074			-219,023	59,127	84,127	-58,371	56,869	31,026	46,245
share issue														100
interest	-28,315	-43,244	-108,013	-84,623	-89,607	-18,870	-1,233	-126	390	146	120	-4,399	-8,948	-4,527
cash flow from financing	-86,073	95,581	-39,163	-511,647	534,986	838,833	-35,964	3,732	59,517	84,273	-58,251	52,470	22,078	41,818
cash and cash equivalents
cash	-741,481	73,890	-1,794,876	1,587,835	1,334,506	-136,520	-71,058	195,683	117,383	-19,547	29,928	-8,073	142	16,918
overdraft		-86,813	72,830	6,518	-579,620	563,836	-16,713	39,962				-137,343	-3,239	140,582
change in cash	-741,481	160,703	-1,867,706	1,581,317	1,914,126	-700,356	-54,345	155,721	117,383	-19,547	29,928	129,270	3,381	-123,664

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PETER MCCORMACK & SONS LIMITED group structure

Peter Mccormack & Sons Limited has no subsidiary companies.

Ultimate parent company

PETER MCCORMACK & SONS LIMITED

NI038813

PETER MCCORMACK & SONS LIMITED Shareholders

caroline mccormack	50%
greg mccormack	50%

Peter Mccormack & Sons Limited currently has 5 directors. The longest serving directors include Mr Martin McCormack (Oct 2022) and Mr David Snowball (Oct 2024).

officer	country	age	start	end	role
Mr Martin McCormack		39 years	Oct 2022	-	Director
Mr David Snowball	England	45 years	Oct 2024	-	Director
Mr Denis O'Sullivan	United Kingdom	52 years	Oct 2024	-	Director
Mr Michael McNulty	England	58 years	Oct 2024	-	Director
Mr Michael Hughes		56 years	Oct 2024	-	Director

P&L

June 2023

turnover

12.9m

+41%

operating profit

2.5m

gross margin

29.4%

+12.15%

turnover

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

Balance Sheet

June 2023

net assets

7.6m

+0.33%

total assets

11.6m

+0.31%

cash

584.7k

-0.56%

net assets

Total assets minus all liabilities

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company number

NI038813

Type

Private limited with Share Capital

industry

42220 - Construction of utility projects for electricity and telecommunications

incorporation date

June 2000

ultimate parent company

None

previous names

N/A

address

17 kilrea road, maghera, BT46 5SN

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 2 charges/mortgages relating to peter mccormack & sons limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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peter mccormack & sons limited Company Information

peter mccormack & sons limited Estimated Valuation

peter mccormack & sons limited Estimated Valuation

peter mccormack & sons limited Estimated Valuation

Peter Mccormack & Sons Limited Overview

Peter Mccormack & Sons Limited Health Check

PETER MCCORMACK & SONS LIMITED financials

peter mccormack & sons limited Credit Report and Business Information

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peter mccormack & sons limited Ownership

peter mccormack & sons limited directors

peter mccormack & sons limited company details

peter mccormack & sons limited Charges & Mortgages

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