Mc Geary Metals Limited

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mc geary metals limited Company Information

Live

EstablishedSmallHealthy

Company Number

NI058354

Website

www.mcgearymetals.co.uk

Registered Address

89 mullan road, ballinderry bridge, coagh, cookstown, BT80 0JF

Industry

Manufacture of basic iron and steel and of ferro-alloys

Telephone

02886736786

Next Accounts Due

January 2025

Group Structure

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Directors

Sean McGeary18 Years

Shareholders

anne mcgeary 50%

sean mcgeary 50%

mc geary metals limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of MC GEARY METALS LIMITED at £3.1m based on Net Assets of £2.5m and 1.22x industry multiple (adjusted for liquidity).

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Mc Geary Metals Limited is a live company located in coagh, BT80 0JF with a Companies House number of NI058354. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in March 2006, it's largest shareholder is anne mcgeary with a 50% stake. Mc Geary Metals Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mc Geary Metals Limited a 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 Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £4m, make it smaller than the average company (£25m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MC GEARY METALS LIMITED group structure

Mc Geary Metals Limited has no subsidiary companies.

Ultimate parent company

MC GEARY METALS LIMITED

NI058354

MC GEARY METALS LIMITED Shareholders

anne mcgeary	50%
sean mcgeary	50%

Mc Geary Metals Limited currently has 1 director, Mr Sean McGeary serving since Mar 2006.

officer	country	age	start	end	role
Mr Sean McGeary		58 years	Mar 2006	-	Director

EXPORT

Mc Geary Metals Limited's latest turnover from April 2023 is estimated at £4 million and the company has net assets of £2.5 million. According to their latest financial statements, Mc Geary Metals Limited has 9 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	4,011,312	4,888,098	4,229,349	3,089,412	2,510,666	2,039,299	1,434,228	1,220,195	1,779,135	1,681,013	1,384,245	1,108,427	987,088	1,118,202
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,547,972	4,277,159	3,815,243	2,740,105	2,246,313	1,815,965	1,236,431	1,106,687	1,629,252	1,492,884	1,223,487	988,163	867,467	980,897
Gross Profit	463,340	610,938	414,106	349,307	264,354	223,334	197,797	113,509	149,883	188,130	160,758	120,264	119,621	137,304
Admin Expenses	227,776	97,379	204,139	54,908	-37,283	130,062	39,344	-82,865	-38,191	-3,910	114,797	5,367	76,758	-441,314
Operating Profit	235,564	513,559	209,967	294,399	301,637	93,272	158,453	196,374	188,074	192,040	45,961	114,897	42,863	578,618
Interest Payable	0	0	0	0	0	1,343	1,291	0	0	0	0	0	266	266
Interest Receivable	42,604	4,885	611	802	6,470	4,340	2,160	4,009	2,967	2,222	1,937	2,015	1,921	730
Pre-Tax Profit	278,168	518,443	210,578	295,201	308,107	96,269	159,322	200,384	191,041	194,262	47,899	116,912	44,519	579,082
Tax	-69,542	-98,504	-40,010	-56,088	-58,540	-18,291	-30,271	-40,077	-38,208	-40,795	-11,017	-28,059	-11,575	-162,143
Profit After Tax	208,626	419,939	170,568	239,113	249,567	77,978	129,051	160,307	152,833	153,467	36,882	88,853	32,944	416,939
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	208,626	419,939	170,568	239,113	249,567	77,978	129,051	160,307	152,833	153,467	36,882	88,853	32,944	416,939
Employee Costs	421,088	338,643	228,479	239,184	235,755	221,587	140,235	110,721	137,773	135,047	100,713	96,294	98,826	89,244
Number Of Employees	9	8	6	6	6	6	4	3	4	4	3	3	3	3
EBITDA*	338,593	587,549	300,105	359,310	389,702	164,892	161,260	198,045	190,057	193,878	47,162	115,763	46,227	581,630

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	309,089	221,967	270,415	222,654	171,690	188,880	181,846	11,227	4,740	5,515	6,668	4,806	5,672	9,036
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	40,149	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	349,238	221,967	270,415	222,654	171,690	188,880	181,846	11,227	4,740	5,515	6,668	4,806	5,672	9,036
Stock & work in progress	382,480	367,520	539,550	392,257	148,440	150,600	145,645	86,500	84,000	62,000	110,910	97,250	58,261	144,815
Trade Debtors	1,700,985	2,322,001	1,821,858	1,193,105	1,032,871	748,996	545,122	427,792	558,511	613,714	405,072	384,091	354,242	287,391
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,177,587	827,317	475,216	747,068	857,299	868,128	867,977	860,335	743,448	443,315	445,474	329,475	476,534	291,924
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,261,052	3,516,838	2,836,624	2,332,430	2,038,610	1,767,724	1,558,744	1,374,627	1,385,959	1,119,029	961,456	810,816	889,037	724,130
total assets	3,610,290	3,738,805	3,107,039	2,555,084	2,210,300	1,956,604	1,740,590	1,385,854	1,390,699	1,124,544	968,124	815,622	894,709	733,166
Bank overdraft	0	0	0	0	0	0	41,322	0	0	0	0	0	0	8,171
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	984,933	1,410,362	1,198,535	817,148	711,477	707,348	379,428	343,627	508,779	395,457	392,504	276,884	0	308,054
Group/Directors Accounts	0	0	0	0	0	0	54,694	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	70,000	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	23,868	0	0	0	0	0	0	0
total current liabilities	984,933	1,410,362	1,198,535	817,148	711,477	707,348	569,312	343,627	508,779	395,457	392,504	276,884	0	316,225
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	88,288	0	0	0	0	0	0	0	0	0	0	0	444,824	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	88,288	0	0	0	0	0	0	0	0	0	0	0	444,824	0
total liabilities	1,073,221	1,410,362	1,198,535	817,148	711,477	707,348	569,312	343,627	508,779	395,457	392,504	276,884	444,824	316,225
net assets	2,537,069	2,328,443	1,908,504	1,737,936	1,498,823	1,249,256	1,171,278	1,042,227	881,920	729,087	575,620	538,738	449,885	416,941
total shareholders funds	2,537,069	2,328,443	1,908,504	1,737,936	1,498,823	1,249,256	1,171,278	1,042,227	881,920	729,087	575,620	538,738	449,885	416,941

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	235,564	513,559	209,967	294,399	301,637	93,272	158,453	196,374	188,074	192,040	45,961	114,897	42,863	578,618
Depreciation	103,029	73,990	90,138	64,911	88,065	71,620	2,807	1,671	1,983	1,838	1,201	866	3,364	3,012
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-69,542	-98,504	-40,010	-56,088	-58,540	-18,291	-30,271	-40,077	-38,208	-40,795	-11,017	-28,059	-11,575	-162,143
Stock	14,960	-172,030	147,293	243,817	-2,160	4,955	59,145	2,500	22,000	-48,910	13,660	38,989	-86,554	144,815
Debtors	-621,016	500,143	628,753	160,234	283,875	203,874	117,330	-130,719	-55,203	208,642	20,981	29,849	66,851	287,391
Creditors	-425,429	211,827	381,387	105,671	4,129	327,920	35,801	-165,152	113,322	2,953	115,620	276,884	-308,054	308,054
Accruals and Deferred Income	0	0	0	0	0	-23,868	23,868	0	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	449,678	372,759	-134,564	4,842	53,576	241,824	14,183	121,035	298,374	-3,696	117,124	295,750	-253,699	295,335
Investing Activities
capital expenditure	-190,151	-25,542	-137,899	-115,875	-70,875	-78,654	-173,426	-8,158	-1,208	-685	-3,063	0	0	-12,048
Change in Investments	40,149	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-230,300	-25,542	-137,899	-115,875	-70,875	-78,654	-173,426	-8,158	-1,208	-685	-3,063	0	0	-12,048
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	-54,694	54,694	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	-70,000	70,000	0	0	0	0	0	0	0
other long term liabilities	88,288	0	0	0	0	0	0	0	0	0	0	-444,824	444,824	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	42,604	4,885	611	802	6,470	2,997	869	4,009	2,967	2,222	1,937	2,015	1,655	464
cash flow from financing	130,892	4,885	611	802	6,470	-121,697	125,563	4,009	2,967	2,222	1,937	-442,809	446,479	466
cash and cash equivalents
cash	350,270	352,101	-271,852	-110,231	-10,829	151	7,642	116,887	300,133	-2,159	115,999	-147,059	184,610	291,924
overdraft	0	0	0	0	0	-41,322	41,322	0	0	0	0	0	-8,171	8,171
change in cash	350,270	352,101	-271,852	-110,231	-10,829	41,473	-33,680	116,887	300,133	-2,159	115,999	-147,059	192,781	283,753

P&L

April 2023

turnover

-18%

operating profit

235.6k

gross margin

11.6%

-7.58%

turnover

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

Balance Sheet

April 2023

net assets

2.5m

+0.09%

total assets

3.6m

-0.03%

cash

1.2m

+0.42%

net assets

Total assets minus all liabilities

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company number

NI058354

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

March 2006

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

89 mullan road, ballinderry bridge, coagh, cookstown, BT80 0JF

last accounts submitted

April 2023

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mc geary metals limited Company Information

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mc geary metals limited Estimated Valuation

mc geary metals limited Estimated Valuation

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