manach limited

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manach limited Company Information

Share MANACH LIMITED

Company Number

NI047280

Shareholders

patrick thomas mccormack

julie mc cormack

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Group Structure

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Industry

Non-trading company

 

Registered Address

aisling house, 50 stranmillis embankment, belfast, BT9 5FL

Website

-

manach limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of MANACH LIMITED at £4.8m based on a Turnover of £7.8m and 0.61x industry multiple (adjusted for size and gross margin).

manach limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of MANACH LIMITED at £3.7m based on an EBITDA of £769.2k and a 4.84x industry multiple (adjusted for size and gross margin).

manach limited Estimated Valuation

£13.8m

Pomanda estimates the enterprise value of MANACH LIMITED at £13.8m based on Net Assets of £10.6m and 1.31x industry multiple (adjusted for liquidity).

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Manach Limited Overview

Manach Limited is a live company located in belfast, BT9 5FL with a Companies House number of NI047280. It operates in the non-trading company sector, SIC Code 74990. Founded in July 2003, it's largest shareholder is patrick thomas mccormack with a 50% stake. Manach Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.8m with healthy growth in recent years.

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Manach Limited Health Check

Pomanda's financial health check has awarded Manach Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £7.8m, make it larger than the average company (£3m)

£7.8m - Manach Limited

£3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.4%)

10% - Manach Limited

7.4% - Industry AVG

production

Production

with a gross margin of 30.6%, this company has a comparable cost of product (34.3%)

30.6% - Manach Limited

34.3% - Industry AVG

profitability

Profitability

an operating margin of 9.1% make it more profitable than the average company (5.4%)

9.1% - Manach Limited

5.4% - Industry AVG

employees

Employees

with 63 employees, this is above the industry average (38)

63 - Manach Limited

38 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.8k, the company has a higher pay structure (£41.6k)

£57.8k - Manach Limited

£41.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £124.6k, this is less efficient (£148.9k)

£124.6k - Manach Limited

£148.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 78 days, this is later than average (38 days)

78 days - Manach Limited

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 57 days, this is slower than average (41 days)

57 days - Manach Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 21 days, this is less than average (43 days)

21 days - Manach Limited

43 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (38 weeks)

21 weeks - Manach Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 35.7%, this is a lower level of debt than the average (43.8%)

35.7% - Manach Limited

43.8% - Industry AVG

MANACH LIMITED financials

EXPORTms excel logo

Manach Limited's latest turnover from April 2024 is £7.8 million and the company has net assets of £10.6 million. According to their latest financial statements, Manach Limited has 63 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover7,849,0828,006,5576,425,1075,910,6066,007,0896,267,2015,766,7885,106,9606,225,9675,146,8174,943,8704,495,6254,506,3754,587,3785,987,384
Other Income Or Grants
Cost Of Sales5,447,8525,450,5334,640,5024,555,4544,427,8034,844,5654,237,6293,895,0404,455,0223,506,9583,306,1892,997,4072,999,9443,191,8743,722,077
Gross Profit2,401,2302,556,0241,784,6051,355,1521,579,2861,422,6361,529,1591,211,9201,770,9451,639,8591,637,6811,498,2181,506,4311,395,5042,265,307
Admin Expenses1,689,5701,835,1911,197,9241,313,9601,345,4731,172,4581,332,3031,128,2541,697,8451,032,9881,125,9061,155,4931,097,2411,071,2351,155,881
Operating Profit711,660720,833586,68141,192233,813250,178196,85683,66673,100606,871511,775342,725409,190324,2691,109,426
Interest Payable84310,4161784053493,924
Interest Receivable3,8175,0852,8182,0393391,5571014821,10734,85534,10339,76982,76967,819
Pre-Tax Profit714,634725,918589,49943,231234,152217,262198,41383,76773,404607,938546,096376,828448,950407,0381,173,321
Tax-262,173-259,278-65,530-20,441-67,461-117,994-119,016-38,823-36,943-151,699-144,052-125,369-146,285-147,158-362,970
Profit After Tax452,461466,640523,96922,790166,69199,26879,39744,94436,461456,239402,044251,459302,665259,880810,351
Dividends Paid
Retained Profit452,461466,640523,96922,790166,69199,26879,39744,94436,461456,239402,044251,459302,665259,880810,351
Employee Costs3,640,5932,980,3202,756,0132,573,7512,262,4822,089,6811,924,3592,172,9452,875,7301,950,2591,942,3981,840,8881,673,2521,757,5571,797,158
Number Of Employees636561595556525254555351515158
EBITDA*769,191835,208701,272156,180349,624368,646312,622200,796199,403743,176640,914468,941527,129445,1271,234,230

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets1,622,9501,616,6931,432,9481,417,0471,245,5951,244,7111,255,4981,235,5041,249,9031,280,1411,029,3421,008,138825,588798,5061,094,908
Intangible Assets-502,299-495,231-428,379-361,527-294,675-227,823556,602659,333762,064864,795967,5261,070,2571,172,9881,275,7191,378,450
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,120,6511,121,4621,004,5691,055,520950,9201,016,8881,812,1001,894,8372,011,9672,144,9361,996,8682,078,3951,998,5762,074,2252,473,358
Stock & work in progress321,744482,365758,695497,848306,206174,185159,489132,05374,79062,46458,17551,024152,97999,03698,356
Trade Debtors1,683,2791,739,8232,026,2581,482,7551,715,8831,461,2301,416,3792,346,2242,064,6621,631,9481,280,0803,583,4583,367,1992,893,4693,277,975
Group Debtors10,692,2739,596,8018,885,2298,256,3657,974,6807,522,1277,250,1276,615,1276,083,4096,218,3285,617,1153,267,9823,269,9821,107,5831,107,583
Misc Debtors142,729231,22876,96775,760111,93641,22558,671160,502120,75523,42715,1278,476189,53128,20026,485
Cash2,441,2302,147,9692,044,4002,014,7612,102,0221,299,489801,801620,097755,225505,8091,839,6584,470,0562,683,2414,090,6833,907,285
misc current assets
total current assets15,281,25514,198,18613,791,54912,327,48912,210,72710,498,2569,686,4679,874,0039,098,8418,441,9768,810,15511,380,9969,662,9328,218,9718,417,684
total assets16,401,90615,319,64814,796,11813,383,00913,161,64711,515,14411,498,56711,768,84011,110,80810,586,91210,807,02313,459,39111,661,50810,293,19610,891,042
Bank overdraft271,531811,7781,695,210337,325840,567937,288
Bank loan
Trade Creditors 862,910879,0901,002,453783,4831,014,173773,780803,846651,210707,059645,330568,939339,263587,833468,948399,508
Group/Directors Accounts986,777782,825810,815339,04860,337123,565201,816940,863426,009335,482130,6352,670,7512,360,5871,108,1131,125,209
other short term finances
hp & lease commitments
other current liabilities3,990,5013,534,5073,361,7623,142,9702,988,8891,689,6281,666,2311,428,9591,001,257933,1991,335,1301,199,0721,084,929892,1061,422,431
total current liabilities5,840,1885,196,4225,175,0304,265,5014,063,3992,586,9732,671,8933,021,0322,405,8561,914,0112,846,4825,904,2964,370,6743,309,7343,884,436
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions9,5258,0584,8773,6826,1733,4282,4753,0065,0949,50413,40417,48014,5827,95411,012
total long term liabilities9,5258,0584,8773,6826,1733,4282,4753,0065,0949,50413,40417,48014,5827,95411,012
total liabilities5,849,7135,204,4805,179,9074,269,1834,069,5722,590,4012,674,3683,024,0382,410,9501,923,5152,859,8865,921,7764,385,2563,317,6883,895,448
net assets10,552,19310,115,1689,616,2119,113,8269,092,0758,924,7438,824,1998,744,8028,699,8588,663,3977,947,1377,537,6157,276,2526,975,5086,995,594
total shareholders funds10,552,19310,115,1689,616,2119,113,8269,092,0758,924,7438,824,1998,744,8028,699,8588,663,3977,947,1377,537,6157,276,2526,975,5086,995,594
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit711,660720,833586,68141,192233,813250,178196,85683,66673,100606,871511,775342,725409,190324,2691,109,426
Depreciation14,58411,64411,86012,25713,08015,73713,03514,39923,57233,57426,40823,48515,20818,12722,073
Amortisation42,947102,731102,731102,731102,731102,731102,731102,731102,731102,731102,731102,731102,731102,731102,731
Tax-262,173-259,278-65,530-20,441-67,461-117,994-119,016-38,823-36,943-151,699-144,052-125,369-146,285-147,158-362,970
Stock-160,621-276,330260,847191,642132,02114,69627,43657,26312,3264,2897,151-101,95553,94368098,356
Debtors950,429579,3981,173,57412,381777,917299,405-396,676853,027395,123961,38152,40633,2042,797,460-382,7914,412,043
Creditors-16,180-123,363218,970-230,690240,393-30,066152,636-55,84961,72976,391229,676-248,570118,88569,440399,508
Accruals and Deferred Income455,994172,745218,792154,0811,299,26123,397237,272427,70268,058-401,931136,058114,143192,823-530,3251,422,431
Deferred Taxes & Provisions1,4673,1811,195-2,4912,745953-531-2,088-4,410-3,900-4,0762,8986,628-3,05811,012
Cash flow from operations158,491325,425-359,722-147,384914,624-69,165952,223-378,552-119,612-703,633798,963280,794-2,152,223216,137-1,806,188
Investing Activities
capital expenditure-30,6605,999-8,000-48,830-206,035-44,858199-13,528
Change in Investments
cash flow from investments-30,6605,999-8,000-48,830-206,035-44,858199-13,528
Financing Activities
Bank loans
Group/Directors Accounts203,952-27,990471,767278,711-63,228-78,251-739,047514,85490,527204,847-2,540,116310,1641,252,474-17,0961,125,209
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-15,43632,317-21,584-1,0396411,276260,0217,4789,904-1,921-279,9666,185,243
interest2,9745,0852,8182,039339-10,4161,5571013041,06734,32134,10339,76082,76963,895
cash flow from financing191,4909,412453,001279,711-62,248-87,391-737,490514,95590,831465,935-2,498,317354,1711,290,313-214,2937,374,347
cash and cash equivalents
cash293,261103,56929,639-87,261802,533497,688181,704-135,128249,416-1,333,849-2,630,3981,786,815-1,407,442183,3983,907,285
overdraft-271,531271,531-811,778-883,4321,357,885-503,242-96,721937,288
change in cash293,261103,56929,639-87,261802,533497,688181,704136,403-22,115-522,071-1,746,966428,930-904,200280,1192,969,997

manach limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Manach Limited Competitor Analysis

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manach limited Ownership

MANACH LIMITED group structure

Manach Limited has 1 subsidiary company.

Ultimate parent company

MANACH LIMITED

NI047280

1 subsidiary

MANACH LIMITED Shareholders

patrick thomas mccormack 49.95%
julie mc cormack 47.99%
olivia hartnett 0.22%
moorland homes 0.22%
jeremy quinn 0.22%
craig blair 0.22%
michael rogan 0.22%
david thompson 0.22%
chris flynn 0.11%
michael shaw 0.11%

manach limited directors

Manach Limited currently has 2 directors. The longest serving directors include Mr Patrick McCormack (Jul 2003) and Mrs Julie Mc Cormack (Jul 2017).

officercountryagestartendrole
Mr Patrick McCormackUnited Kingdom58 years Jul 2003- Director
Mrs Julie Mc CormackNorthern Ireland59 years Jul 2017- Director

P&L

April 2024

turnover

7.8m

-2%

operating profit

711.7k

-1%

gross margin

30.6%

-4.17%

turnover

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

Balance Sheet

April 2024

net assets

10.6m

+0.04%

total assets

16.4m

+0.07%

cash

2.4m

+0.14%

net assets

Total assets minus all liabilities

manach limited company details

company number

NI047280

Type

Private limited with Share Capital

industry

74990 - Non-trading company

incorporation date

July 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Medium Company

last accounts submitted

April 2023

previous names

N/A

accountant

-

auditor

MANEELY MC CANN

address

aisling house, 50 stranmillis embankment, belfast, BT9 5FL

Bank

BANK OF IRELAND

Legal Advisor

REID BLACK DWF (NORTHERN IRELAND) LLP

manach limited Charges & Mortgages

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 did not find charges/mortgages relating to manach limited.

manach limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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manach limited Companies House Filings - See Documents

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