mccrea services limited

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mccrea services limited Company Information

Share MCCREA SERVICES LIMITED
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Company Number

NI058621

Registered Address

56 tullyrush road, omagh, county tyrone, BT78 1RJ

Industry

Electrical installation

 

Telephone

01415721340

Next Accounts Due

December 2024

Group Structure

View All

Directors

Celwyn McCrea18 Years

Karen McCrea18 Years

Shareholders

celwyn mccrea 50%

karen teresa mccrea 50%

mccrea services limited Estimated Valuation

£490.3k

Pomanda estimates the enterprise value of MCCREA SERVICES LIMITED at £490.3k based on a Turnover of £1.5m and 0.32x industry multiple (adjusted for size and gross margin).

mccrea services limited Estimated Valuation

£780.2k

Pomanda estimates the enterprise value of MCCREA SERVICES LIMITED at £780.2k based on an EBITDA of £208.7k and a 3.74x industry multiple (adjusted for size and gross margin).

mccrea services limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of MCCREA SERVICES LIMITED at £2.5m based on Net Assets of £738.6k and 3.35x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Mccrea Services Limited Overview

Mccrea Services Limited is a live company located in county tyrone, BT78 1RJ with a Companies House number of NI058621. It operates in the electrical installation sector, SIC Code 43210. Founded in March 2006, it's largest shareholder is celwyn mccrea with a 50% stake. Mccrea Services Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.

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Mccrea Services Limited Health Check

Pomanda's financial health check has awarded Mccrea Services Limited 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 Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £1.5m, make it larger than the average company (£876.9k)

£1.5m - Mccrea Services Limited

£876.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.3%)

22% - Mccrea Services Limited

6.3% - Industry AVG

production

Production

with a gross margin of 16.9%, this company has a higher cost of product (25.3%)

16.9% - Mccrea Services Limited

25.3% - Industry AVG

profitability

Profitability

an operating margin of 11.2% make it more profitable than the average company (6.4%)

11.2% - Mccrea Services Limited

6.4% - Industry AVG

employees

Employees

with 17 employees, this is above the industry average (12)

17 - Mccrea Services Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.2k, the company has an equivalent pay structure (£41.2k)

£41.2k - Mccrea Services Limited

£41.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £89.2k, this is less efficient (£130.1k)

£89.2k - Mccrea Services Limited

£130.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 161 days, this is later than average (60 days)

161 days - Mccrea Services Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 43 days, this is close to average (43 days)

43 days - Mccrea Services Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (7 days)

1 days - Mccrea Services Limited

7 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 53 weeks, this is more cash available to meet short term requirements (23 weeks)

53 weeks - Mccrea Services Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 27.2%, this is a lower level of debt than the average (64.1%)

27.2% - Mccrea Services Limited

64.1% - Industry AVG

mccrea services limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mccrea Services Limited Competitor Analysis

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mccrea services limited Ownership

MCCREA SERVICES LIMITED group structure

Mccrea Services Limited has no subsidiary companies.

Ultimate parent company

MCCREA SERVICES LIMITED

NI058621

MCCREA SERVICES LIMITED Shareholders

celwyn mccrea 50%
karen teresa mccrea 50%

mccrea services limited directors

Mccrea Services Limited currently has 2 directors. The longest serving directors include Mr Celwyn McCrea (Mar 2006) and Mrs Karen McCrea (Mar 2006).

officercountryagestartendrole
Mr Celwyn McCreaNorthern Ireland47 years Mar 2006- Director
Mrs Karen McCreaNorthern Ireland49 years Mar 2006- Director

MCCREA SERVICES LIMITED financials

EXPORTms excel logo

Mccrea Services Limited's latest turnover from March 2023 is estimated at £1.5 million and the company has net assets of £738.6 thousand. According to their latest financial statements, Mccrea Services Limited has 17 employees and maintains cash reserves of £151.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover1,516,1321,413,508957,743827,0961,385,8261,095,036942,899797,336627,701518,519871,407346,878302,050545,322
Other Income Or Grants00000000000000
Cost Of Sales1,259,4411,176,146810,738689,9461,134,305897,115769,772644,821510,596424,029698,998279,071234,331420,962
Gross Profit256,691237,362147,005137,150251,521197,921173,127152,516117,10494,491172,40967,80867,719124,360
Admin Expenses86,76141,30244,903165,941210,991138,189119,825134,68231,95159,11691,11843,50291,6107,774
Operating Profit169,930196,060102,102-28,79140,53059,73253,30217,83485,15335,37581,29124,306-23,891116,586
Interest Payable00000000000000
Interest Receivable8,3311,669201160601255210851900395383568496222
Pre-Tax Profit178,260197,730102,302-28,63141,13159,98653,51218,68586,05435,77081,67424,874-23,395116,808
Tax-33,869-37,569-19,4370-7,815-11,397-10,167-3,737-17,211-7,512-18,785-5,9700-32,706
Profit After Tax144,391160,16182,865-28,63133,31648,58943,34514,94868,84328,25862,88918,904-23,39584,102
Dividends Paid00000000000000
Retained Profit144,391160,16182,865-28,63133,31648,58943,34514,94868,84328,25862,88918,904-23,39584,102
Employee Costs700,642823,131683,293579,795567,987545,191636,366159,414120,077115,098148,16474,25872,080146,391
Number Of Employees172118151414164334224
EBITDA*208,735229,952134,552-1,55475,09991,59379,72038,833105,34952,18290,44435,1381,359139,540

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets186,843149,916144,509124,019153,713143,236121,822114,98491,69667,68537,07843,81239,09229,921
Intangible Assets000000000000015,600
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets186,843149,916144,509124,019153,713143,236121,822114,98491,69667,68537,07843,81239,09245,521
Stock & work in progress6,08625,2973,0003,00012,80013,59056,1753,0003,0001,0001,00076,00024,7391,200
Trade Debtors670,258501,806335,830232,919466,514383,021260,383233,069142,092147,169274,63920,95251,417136,736
Group Debtors00000000000000
Misc Debtors00000000000000
Cash151,848240,195204,944196,930123,80736,44965,502102,534237,757122,40935,634117,396109,66788,897
misc current assets00000000000000
total current assets828,192767,298543,774432,849603,121433,060382,060338,603382,849270,578311,273214,348185,823226,833
total assets1,015,035917,214688,283556,868756,834576,296503,882453,587474,545338,263348,351258,160224,915272,354
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 148,659273,536200,580174,322334,669197,811178,930188,314225,389155,545205,849175,471151,055183,646
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities148,659273,536200,580174,322334,669197,811178,930188,314225,389155,545205,849175,471151,055183,646
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities80,78919,48226,6687,37613,3645,0003,05610,7229,55311,95803,07613,1514,604
provisions47,00030,00027,00024,00029,00027,00024,0000000000
total long term liabilities127,78949,48253,66831,37642,36432,00027,05610,7229,55311,95803,07613,1514,604
total liabilities276,448323,018254,248205,698377,033229,811205,986199,036234,942167,503205,849178,547164,206188,250
net assets738,587594,196434,035351,170379,801346,485297,896254,551239,603170,760142,50279,61360,70984,104
total shareholders funds738,587594,196434,035351,170379,801346,485297,896254,551239,603170,760142,50279,61360,70984,104
Mar 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit169,930196,060102,102-28,79140,53059,73253,30217,83485,15335,37581,29124,306-23,891116,586
Depreciation38,80533,89232,45027,23734,56931,86126,41820,99920,19616,8079,15310,8329,6507,354
Amortisation00000000000015,60015,600
Tax-33,869-37,569-19,4370-7,815-11,397-10,167-3,737-17,211-7,512-18,785-5,9700-32,706
Stock-19,21122,2970-9,800-790-42,58553,17502,0000-75,00051,26123,5391,200
Debtors168,452165,976102,911-233,59583,493122,63827,31490,977-5,077-127,470253,687-30,465-85,319136,736
Creditors-124,87772,95626,258-160,347136,85818,881-9,384-37,07569,844-50,30430,37824,416-32,591183,646
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions17,0003,0003,000-5,0002,0003,00024,0000000000
Cash flow from operations-82,25280,06641,46276,494123,43922,0243,680-92,956161,059121,836-76,65032,78830,548152,544
Investing Activities
capital expenditure-75,732-39,299-52,9402,457-45,046-53,275-33,256-44,287-44,207-47,414-2,419-15,552-18,821-68,475
Change in Investments00000000000000
cash flow from investments-75,732-39,299-52,9402,457-45,046-53,275-33,256-44,287-44,207-47,414-2,419-15,552-18,821-68,475
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities61,307-7,18619,292-5,9888,3641,944-7,6661,169-2,40511,958-3,076-10,0758,5474,604
share issue00000000000002
interest8,3311,669201160601255210851900395383568496222
cash flow from financing69,638-5,51719,493-5,8288,9652,199-7,4562,020-1,50512,353-2,693-9,5079,0434,828
cash and cash equivalents
cash-88,34735,2518,01473,12387,358-29,053-37,032-135,223115,34886,775-81,7627,72920,77088,897
overdraft00000000000000
change in cash-88,34735,2518,01473,12387,358-29,053-37,032-135,223115,34886,775-81,7627,72920,77088,897

P&L

March 2023

turnover

1.5m

+7%

operating profit

169.9k

0%

gross margin

17%

+0.82%

turnover

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

Balance Sheet

March 2023

net assets

738.6k

+0.24%

total assets

1m

+0.11%

cash

151.8k

-0.37%

net assets

Total assets minus all liabilities

mccrea services limited company details

company number

NI058621

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

March 2006

age

18

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

56 tullyrush road, omagh, county tyrone, BT78 1RJ

last accounts submitted

March 2023

mccrea services 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 mccrea services limited.

charges

mccrea services limited Companies House Filings - See Documents

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