Michael Stewart Pressure Washers Ltd

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michael stewart pressure washers ltd Company Information

Live

MatureSmallDeclining

Company Number

NI041395

Website

www.michael-stewart.co.uk

Registered Address

lissue east industrial estate, 14 lissue walk, lisburn, BT28 2LU

Industry

Specialised cleaning services

Telephone

02892622303

Next Accounts Due

May 2024

Group Structure

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Directors

Joan Stewart22 Years

Michael Stewart22 Years

Shareholders

mrs joan stewart 50%

michael gregory stewart 50%

michael stewart pressure washers ltd Estimated Valuation

£1.1m - £3.9m

The estimated valuation range for michael stewart pressure washers ltd, derived from financial data as of August 2022 and the most recent industry multiples, is between £1.1m to £3.9m

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Michael Stewart Pressure Washers Ltd AI Business Plan

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Michael Stewart Pressure Washers Ltd is a live company located in lisburn, BT28 2LU with a Companies House number of NI041395. It operates in the specialised cleaning services sector, SIC Code 81222. Founded in August 2001, it's largest shareholder is mrs joan stewart with a 50% stake. Michael Stewart Pressure Washers Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Michael Stewart Pressure Washers Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £1.6m, make it larger than the average company (£94k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (8.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MICHAEL STEWART PRESSURE WASHERS LTD group structure

Michael Stewart Pressure Washers Ltd has no subsidiary companies.

Ultimate parent company

MICHAEL STEWART PRESSURE WASHERS LTD

NI041395

MICHAEL STEWART PRESSURE WASHERS LTD Shareholders

mrs joan stewart	50%
michael gregory stewart	50%

Michael Stewart Pressure Washers Ltd currently has 2 directors. The longest serving directors include Mrs Joan Stewart (Aug 2001) and Mr Michael Stewart (Aug 2001).

officer	country	age	start	end	role
Mrs Joan Stewart		62 years	Aug 2001	-	Director
Mr Michael Stewart		62 years	Aug 2001	-	Director

EXPORT

Michael Stewart Pressure Washers Ltd's latest turnover from August 2022 is estimated at £1.6 million and the company has net assets of £1.5 million. According to their latest financial statements, Michael Stewart Pressure Washers Ltd has 12 employees and maintains cash reserves of £865 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,580,590	1,660,219	2,033,444	1,856,017	1,402,131	1,526,426	1,514,688	2,110,390	2,546,229	1,973,566	2,264,772	1,392,182	1,883,842	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	773,091	1,018,302	1,192,535	1,169,765	821,684	802,629	849,661	1,329,745	1,499,382	1,108,576	1,268,272	755,578	935,017	0
Gross Profit	807,499	641,917	840,909	686,251	580,447	723,798	665,027	780,645	1,046,847	864,990	996,500	636,604	948,825	0
Admin Expenses	630,458	273,434	644,555	580,630	431,792	556,933	580,748	696,128	1,027,621	838,497	980,934	608,559	945,099	-457,379
Operating Profit	177,041	368,483	196,354	105,621	148,655	166,865	84,279	84,517	19,226	26,493	15,566	28,045	3,726	457,379
Interest Payable	3,541	1,530	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,872	740	404	2,049	2,338	712	629	1,077	604	475	641	585	354	178
Pre-Tax Profit	189,372	367,694	196,758	107,670	150,993	167,577	84,908	85,594	19,830	26,969	16,207	28,630	4,081	457,557
Tax	-35,981	-69,862	-37,384	-20,457	-28,689	-31,840	-16,981	-17,119	-4,164	-6,203	-3,890	-7,444	-1,143	-128,116
Profit After Tax	153,391	297,832	159,374	87,213	122,304	135,737	67,926	68,475	15,666	20,766	12,317	21,186	2,938	329,441
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	153,391	297,832	159,374	87,213	122,304	135,737	67,926	68,475	15,666	20,766	12,317	21,186	2,938	329,441
Employee Costs	189,812	247,316	315,685	309,704	351,600	370,659	311,074	841,064	956,734	914,465	1,150,732	713,482	678,087	0
Number Of Employees	12	12	13	13	13	13	13	37	45	41	50	29	45	0
EBITDA*	236,652	421,535	235,002	151,183	190,694	192,038	109,742	106,484	35,502	46,177	34,431	47,921	19,051	475,978

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	264,623	252,157	207,397	240,062	207,787	99,828	69,521	60,151	55,765	59,330	57,756	61,837	61,086	59,172
Intangible Assets	1	1	1,584	3,172	4,759	6,347	7,934	9,522	11,109	12,697	14,284	15,872	17,459	19,047
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	264,624	252,158	208,981	243,234	212,546	106,175	77,455	69,673	66,874	72,027	72,040	77,709	78,545	78,219
Stock & work in progress	369,275	234,670	265,593	323,576	238,497	189,434	187,011	146,105	255,664	168,288	210,793	167,671	220,579	203,477
Trade Debtors	317,420	338,376	367,545	309,972	298,531	316,545	246,015	239,471	200,199	217,193	187,894	128,594	153,215	165,299
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	20,497	32,170	5,848	0	0	0	0	0	0	0	0	0	0	0
Cash	864,989	948,919	531,819	276,019	270,503	352,961	216,426	286,764	144,125	97,462	92,699	163,695	70,336	71,315
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,572,181	1,554,135	1,170,805	909,567	807,531	858,940	649,452	672,340	599,988	482,943	491,386	459,960	444,130	440,091
total assets	1,836,805	1,806,293	1,379,786	1,152,801	1,020,077	965,115	726,907	742,013	666,862	554,970	563,426	537,669	522,675	518,310
Bank overdraft	41,228	50,150	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
Trade Creditors	165,395	273,295	183,940	165,725	110,871	166,025	169,631	263,282	258,322	165,474	194,686	173,028	180,850	182,269
Group/Directors Accounts	0	0	0	975	843	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	89,025	97,523	116,941	60,448	68,165	113,131	0	0	0	0	0	0	0	0
total current liabilities	295,648	420,968	300,881	227,148	179,879	279,156	169,631	263,282	258,322	165,474	194,686	173,028	180,850	182,269
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	0	0	0	0	0	3,565	10,619	0	0	0	0	0	2,846	0
provisions	46,491	44,050	35,462	41,584	43,342	7,842	7,842	7,842	6,126	2,748	2,758	10,976	6,500	6,500
total long term liabilities	46,491	44,050	35,462	41,584	43,342	11,407	18,461	7,842	6,126	2,748	2,758	10,976	9,346	6,500
total liabilities	342,139	465,018	336,343	268,732	223,221	290,563	188,092	271,124	264,448	168,222	197,444	184,004	190,196	188,769
net assets	1,494,666	1,341,275	1,043,443	884,069	796,856	674,552	538,815	470,889	402,414	386,748	365,982	353,665	332,479	329,541
total shareholders funds	1,494,666	1,341,275	1,043,443	884,069	796,856	674,552	538,815	470,889	402,414	386,748	365,982	353,665	332,479	329,541

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	177,041	368,483	196,354	105,621	148,655	166,865	84,279	84,517	19,226	26,493	15,566	28,045	3,726	457,379
Depreciation	59,611	51,469	37,060	43,975	40,451	23,586	23,875	20,380	14,688	18,097	17,277	18,289	13,737	17,012
Amortisation	0	1,583	1,588	1,587	1,588	1,587	1,588	1,587	1,588	1,587	1,588	1,587	1,588	1,587
Tax	-35,981	-69,862	-37,384	-20,457	-28,689	-31,840	-16,981	-17,119	-4,164	-6,203	-3,890	-7,444	-1,143	-128,116
Stock	134,605	-30,923	-57,983	85,079	49,063	2,423	40,906	-109,559	87,376	-42,505	43,122	-52,908	17,102	203,477
Debtors	-32,629	-2,847	63,421	11,441	-18,014	70,530	6,544	39,272	-16,994	29,299	59,300	-24,621	-12,084	165,299
Creditors	-107,900	89,355	18,215	54,854	-55,154	-3,606	-93,651	4,960	92,848	-29,212	21,658	-7,822	-1,419	182,269
Accruals and Deferred Income	-8,498	-19,418	56,493	-7,717	-44,966	113,131	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	2,441	8,588	-6,122	-1,758	35,500	0	0	1,716	3,378	-10	-8,218	4,476	0	6,500
Cash flow from operations	-15,262	463,968	260,766	79,585	66,336	196,770	-48,340	166,328	57,182	23,958	-58,441	114,660	11,471	167,855
Investing Activities
capital expenditure	-72,077	-96,229	-4,395	-76,250	-148,410	-53,893	-33,245	-24,766	-11,123	-19,671	-13,196	-19,040	-15,651	-96,818
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-72,077	-96,229	-4,395	-76,250	-148,410	-53,893	-33,245	-24,766	-11,123	-19,671	-13,196	-19,040	-15,651	-96,818
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-975	132	843	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	0	0	0	0	-3,565	-7,054	10,619	0	0	0	0	-2,846	2,846	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	12,331	-790	404	2,049	2,338	712	629	1,077	604	475	641	585	354	178
cash flow from financing	12,331	-790	-571	2,181	-384	-6,342	11,248	1,077	604	475	641	-2,261	3,200	278
cash and cash equivalents
cash	-83,930	417,100	255,800	5,516	-82,458	136,535	-70,338	142,639	46,663	4,763	-70,996	93,359	-979	71,315
overdraft	-8,922	50,150	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-75,008	366,950	255,800	5,516	-82,458	136,535	-70,338	142,639	46,663	4,763	-70,996	93,359	-979	71,315

P&L

August 2022

turnover

1.6m

-5%

operating profit

177k

gross margin

51.1%

+32.13%

turnover

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

Balance Sheet

August 2022

net assets

1.5m

+0.11%

total assets

1.8m

+0.02%

cash

865k

-0.09%

net assets

Total assets minus all liabilities

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company number

NI041395

Type

Private limited with Share Capital

industry

81222 - Specialised cleaning services

incorporation date

August 2001

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

michael stewart power cleaning systems ltd (January 2003)

incorporated

address

lissue east industrial estate, 14 lissue walk, lisburn, BT28 2LU

last accounts submitted

August 2022

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 1 charges/mortgages relating to michael stewart pressure washers ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

michael stewart pressure washers ltd Company Information

michael stewart pressure washers ltd Estimated Valuation

michael stewart pressure washers ltd Estimated Valuation

michael stewart pressure washers ltd Estimated Valuation

Michael Stewart Pressure Washers Ltd AI Business Plan

Michael Stewart Pressure Washers Ltd Overview

Michael Stewart Pressure Washers Ltd Health Check

michael stewart pressure washers ltd Credit Report and Business Information

Michael Stewart Pressure Washers Ltd Competitor Analysis

michael stewart pressure washers ltd Ownership

michael stewart pressure washers ltd directors

MICHAEL STEWART PRESSURE WASHERS LTD financials

michael stewart pressure washers ltd company details

michael stewart pressure washers ltd Charges & Mortgages

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