Jmg Mechanical Services Ltd

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jmg mechanical services ltd Company Information

Live

MatureMicroLow

Company Number

NI046587

Website

www.jmgmechanicalkservices.co.uk

Registered Address

11a grinan lough road, newry, co down, BT34 2PY

Industry

Plumbing, heat and air-conditioning installation

Telephone

02830262625

Next Accounts Due

September 2024

Group Structure

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Directors

Geraldine McGovern20 Years

Joseph McGovern20 Years

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Shareholders

ciaran mc govern 30%

joseph mcgovern 25.3%

View All

jmg mechanical services ltd Estimated Valuation

£0 - £668.1k

The estimated valuation range for jmg mechanical services ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £668.1k

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Jmg Mechanical Services Ltd is a live company located in co down, BT34 2PY with a Companies House number of NI046587. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in May 2003, it's largest shareholder is ciaran mc govern with a 30% stake. Jmg Mechanical Services Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £460.5k with low growth in recent years.

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Pomanda's financial health check has awarded Jmg Mechanical Services Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £460.5k, make it in line with the average company (£386.4k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a similar rate (2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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JMG MECHANICAL SERVICES LTD group structure

Jmg Mechanical Services Ltd has no subsidiary companies.

Ultimate parent company

JMG MECHANICAL SERVICES LTD

NI046587

JMG MECHANICAL SERVICES LTD Shareholders

ciaran mc govern	30%
joseph mcgovern	25.33%
geraldine mcgovern	24.67%
marie-louise mcgovern	20%

Jmg Mechanical Services Ltd currently has 3 directors. The longest serving directors include Mrs Geraldine McGovern (May 2003) and Mr Joseph McGovern (May 2003).

officer	age	start	end	role
Mrs Geraldine McGovern	67 years	May 2003	-	Director
Mr Joseph McGovern	69 years	May 2003	-	Director
Mr Ciaran McGovern	40 years	Oct 2010	-	Director

EXPORT

Jmg Mechanical Services Ltd's latest turnover from December 2022 is estimated at £460.5 thousand and the company has net assets of £197.9 thousand. According to their latest financial statements, Jmg Mechanical Services Ltd has 5 employees and maintains cash reserves of £105.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	460,509	534,965	1,401,805	434,152	1,504,709	699,809	3,513,239	1,130,488	871,212	1,151,742	859,362	704,061	866,822	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	331,420	378,802	992,516	296,552	1,009,950	466,666	2,272,304	748,378	574,839	726,523	532,720	435,903	508,408	0
Gross Profit	129,089	156,164	409,288	137,601	494,759	233,143	1,240,935	382,110	296,373	425,219	326,641	268,159	358,414	0
Admin Expenses	192,696	96,783	428,282	231,607	534,627	179,228	1,254,679	423,987	387,734	367,501	220,794	210,718	349,604	-384,889
Operating Profit	-63,607	59,381	-18,994	-94,006	-39,868	53,915	-13,744	-41,877	-91,361	57,718	105,847	57,441	8,810	384,889
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,506	478	172	1,497	2,476	938	299	1,170	1,804	2,551	2,043	1,210	1,040	553
Pre-Tax Profit	-59,101	59,859	-18,822	-92,509	-37,392	54,853	-13,445	-40,707	-89,557	60,269	107,889	58,651	9,850	385,442
Tax	0	-11,373	0	0	0	-10,422	0	0	0	-13,862	-25,893	-15,249	-2,758	-107,924
Profit After Tax	-59,101	48,486	-18,822	-92,509	-37,392	44,431	-13,445	-40,707	-89,557	46,407	81,996	43,402	7,092	277,518
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-59,101	48,486	-18,822	-92,509	-37,392	44,431	-13,445	-40,707	-89,557	46,407	81,996	43,402	7,092	277,518
Employee Costs	171,977	210,258	173,897	209,380	316,940	295,382	316,906	321,868	241,817	323,424	241,064	243,009	288,474	0
Number Of Employees	5	6	5	6	9	9	9	9	7	9	7	7	9	0
EBITDA*	-51,819	72,261	-4,413	-76,934	-19,476	53,915	-13,744	-29,256	-81,122	68,398	112,435	61,638	13,818	390,293

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	14,034	17,310	22,413	29,884	39,846	32,639	66,006	16,535	9,389	10,710	12,014	12,591	15,027	16,209
Intangible Assets	0	7,110	14,220	21,330	28,440	35,550	0	49,770	56,880	63,990	71,100	71,100	71,100	71,100
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	14,034	24,420	36,633	51,214	68,286	68,189	66,006	66,305	66,269	74,700	83,114	83,691	86,127	87,309
Stock & work in progress	87,768	82,802	226,090	26,226	108,220	34,326	0	166,637	121,682	94,545	75,012	55,775	112,364	13,597
Trade Debtors	29,552	37,619	20,623	62,253	209,912	84,754	713,090	59,508	74,016	83,349	24,859	60,144	60,906	98,522
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,840	39,085	54,119	57,990	60,175	0	0	0	0	0	0	0	0	0
Cash	105,508	151,962	230,787	114,104	285,035	375,316	0	239,112	229,051	492,501	527,968	289,034	195,025	221,009
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	236,668	311,468	531,619	260,573	663,342	494,396	713,090	465,257	424,749	670,395	627,839	404,953	368,295	333,128
total assets	250,702	335,888	568,252	311,787	731,628	562,585	779,096	531,562	491,018	745,095	710,953	488,644	454,422	420,437
Bank overdraft	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
Trade Creditors	10,795	25,523	301,833	26,812	297,101	93,292	428,512	202,408	123,148	287,012	299,379	158,996	167,973	142,769
Group/Directors Accounts	22,968	7,153	37,526	4,850	35,080	15,085	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	16,323	42,064	16,231	47,256	72,225	91,009	0	0	0	0	0	0	0	0
total current liabilities	50,086	74,740	355,590	78,918	404,406	199,386	428,512	202,408	123,148	287,012	299,379	158,996	167,973	142,769
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	37,878	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	2,667	4,098	4,098	5,483	7,327	5,912	0	2,853	862	1,518	1,416	1,486	1,689	0
total long term liabilities	2,667	4,098	4,098	5,483	7,327	5,912	37,878	2,853	862	1,518	1,416	1,486	1,689	0
total liabilities	52,753	78,838	359,688	84,401	411,733	205,298	466,390	205,261	124,010	288,530	300,795	160,482	169,662	142,769
net assets	197,949	257,050	208,564	227,386	319,895	357,287	312,706	326,301	367,008	456,565	410,158	328,162	284,760	277,668
total shareholders funds	197,949	257,050	208,564	227,386	319,895	357,287	312,706	326,301	367,008	456,565	410,158	328,162	284,760	277,668

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-63,607	59,381	-18,994	-94,006	-39,868	53,915	-13,744	-41,877	-91,361	57,718	105,847	57,441	8,810	384,889
Depreciation	4,678	5,770	7,471	9,962	13,282	0	0	5,511	3,129	3,570	6,588	4,197	5,008	5,404
Amortisation	7,110	7,110	7,110	7,110	7,110	0	0	7,110	7,110	7,110	0	0	0	0
Tax	0	-11,373	0	0	0	-10,422	0	0	0	-13,862	-25,893	-15,249	-2,758	-107,924
Stock	4,966	-143,288	199,864	-81,994	73,894	34,326	-166,637	44,955	27,137	19,533	19,237	-56,589	98,767	13,597
Debtors	-33,312	1,962	-45,501	-149,844	185,333	-628,336	653,582	-14,508	-9,333	58,490	-35,285	-762	-37,616	98,522
Creditors	-14,728	-276,310	275,021	-270,289	203,809	-335,220	226,104	79,260	-163,864	-12,367	140,383	-8,977	25,204	142,769
Accruals and Deferred Income	-25,741	25,833	-31,025	-24,969	-18,784	53,131	37,878	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,431	0	-1,385	-1,844	1,415	5,912	-2,853	1,991	-656	102	-70	-203	1,689	0
Cash flow from operations	-65,373	-48,263	83,835	-142,198	-92,263	361,326	-239,560	21,548	-263,446	-35,752	242,903	94,560	-23,198	313,019
Investing Activities
capital expenditure	-1,402	-667	0	0	-20,489	-2,183	299	-12,657	-1,808	-2,266	-6,011	-1,761	-3,826	-92,713
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,402	-667	0	0	-20,489	-2,183	299	-12,657	-1,808	-2,266	-6,011	-1,761	-3,826	-92,713
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	15,815	-30,373	32,676	-30,230	19,995	15,085	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	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	150	-150	0	0	0	0	0	0	150
interest	4,506	478	172	1,497	2,476	938	299	1,170	1,804	2,551	2,043	1,210	1,040	553
cash flow from financing	20,321	-29,895	32,848	-28,733	22,471	16,173	149	1,170	1,804	2,551	2,043	1,210	1,040	703
cash and cash equivalents
cash	-46,454	-78,825	116,683	-170,931	-90,281	375,316	-239,112	10,061	-263,450	-35,467	238,934	94,009	-25,984	221,009
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-46,454	-78,825	116,683	-170,931	-90,281	375,316	-239,112	10,061	-263,450	-35,467	238,934	94,009	-25,984	221,009

P&L

December 2022

turnover

460.5k

-14%

operating profit

-63.6k

gross margin

28.1%

-3.97%

turnover

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

Balance Sheet

December 2022

net assets

197.9k

-0.23%

total assets

250.7k

-0.25%

cash

105.5k

-0.31%

net assets

Total assets minus all liabilities

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company number

NI046587

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

May 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

11a grinan lough road, newry, co down, BT34 2PY

last accounts submitted

December 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.

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jmg mechanical services ltd Company Information

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jmg mechanical services ltd Estimated Valuation

jmg mechanical services ltd Estimated Valuation

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