mccrea services limited Company Information
Company Number
NI058621
Website
www.mccreafs.co.ukRegistered Address
56 tullyrush road, omagh, county tyrone, BT78 1RJ
Industry
Electrical installation
Telephone
01415721340
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
celwyn mccrea 50%
karen teresa mccrea 50%
mccrea services limited Estimated Valuation
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
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
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).
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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
7 Strong
2 Regular
3 Weak
Size
annual sales of £1.5m, make it larger than the average company (£876.9k)
- Mccrea Services Limited
£876.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.3%)
- Mccrea Services Limited
6.3% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (25.3%)
- Mccrea Services Limited
25.3% - Industry AVG
Profitability
an operating margin of 11.2% make it more profitable than the average company (6.4%)
- Mccrea Services Limited
6.4% - Industry AVG
Employees
with 17 employees, this is above the industry average (12)
17 - Mccrea Services Limited
12 - Industry AVG
Pay Structure
on an average salary of £41.2k, the company has an equivalent pay structure (£41.2k)
- Mccrea Services Limited
£41.2k - Industry AVG
Efficiency
resulting in sales per employee of £89.2k, this is less efficient (£130.1k)
- Mccrea Services Limited
£130.1k - Industry AVG
Debtor Days
it gets paid by customers after 161 days, this is later than average (60 days)
- Mccrea Services Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (43 days)
- Mccrea Services Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (7 days)
- Mccrea Services Limited
7 days - Industry AVG
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
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
Mccrea Services Limited Competitor Analysis
Perform a competitor analysis for mccrea services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 directors
Mccrea Services Limited currently has 2 directors. The longest serving directors include Mr Celwyn McCrea (Mar 2006) and Mrs Karen McCrea (Mar 2006).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Celwyn McCrea | Northern Ireland | 47 years | Mar 2006 | - | Director |
Mrs Karen McCrea | Northern Ireland | 49 years | Mar 2006 | - | Director |
MCCREA SERVICES LIMITED financials
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 House, Pomanda Estimates
Mar 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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 17 | 21 | 18 | 15 | 14 | 14 | 16 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 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 | 186,843 | 149,916 | 144,509 | 124,019 | 153,713 | 143,236 | 121,822 | 114,984 | 91,696 | 67,685 | 37,078 | 43,812 | 39,092 | 29,921 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,600 |
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 | 186,843 | 149,916 | 144,509 | 124,019 | 153,713 | 143,236 | 121,822 | 114,984 | 91,696 | 67,685 | 37,078 | 43,812 | 39,092 | 45,521 |
Stock & work in progress | 6,086 | 25,297 | 3,000 | 3,000 | 12,800 | 13,590 | 56,175 | 3,000 | 3,000 | 1,000 | 1,000 | 76,000 | 24,739 | 1,200 |
Trade Debtors | 670,258 | 501,806 | 335,830 | 232,919 | 466,514 | 383,021 | 260,383 | 233,069 | 142,092 | 147,169 | 274,639 | 20,952 | 51,417 | 136,736 |
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 | 151,848 | 240,195 | 204,944 | 196,930 | 123,807 | 36,449 | 65,502 | 102,534 | 237,757 | 122,409 | 35,634 | 117,396 | 109,667 | 88,897 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 828,192 | 767,298 | 543,774 | 432,849 | 603,121 | 433,060 | 382,060 | 338,603 | 382,849 | 270,578 | 311,273 | 214,348 | 185,823 | 226,833 |
total assets | 1,015,035 | 917,214 | 688,283 | 556,868 | 756,834 | 576,296 | 503,882 | 453,587 | 474,545 | 338,263 | 348,351 | 258,160 | 224,915 | 272,354 |
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 | 148,659 | 273,536 | 200,580 | 174,322 | 334,669 | 197,811 | 178,930 | 188,314 | 225,389 | 155,545 | 205,849 | 175,471 | 151,055 | 183,646 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 148,659 | 273,536 | 200,580 | 174,322 | 334,669 | 197,811 | 178,930 | 188,314 | 225,389 | 155,545 | 205,849 | 175,471 | 151,055 | 183,646 |
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 | 80,789 | 19,482 | 26,668 | 7,376 | 13,364 | 5,000 | 3,056 | 10,722 | 9,553 | 11,958 | 0 | 3,076 | 13,151 | 4,604 |
provisions | 47,000 | 30,000 | 27,000 | 24,000 | 29,000 | 27,000 | 24,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 127,789 | 49,482 | 53,668 | 31,376 | 42,364 | 32,000 | 27,056 | 10,722 | 9,553 | 11,958 | 0 | 3,076 | 13,151 | 4,604 |
total liabilities | 276,448 | 323,018 | 254,248 | 205,698 | 377,033 | 229,811 | 205,986 | 199,036 | 234,942 | 167,503 | 205,849 | 178,547 | 164,206 | 188,250 |
net assets | 738,587 | 594,196 | 434,035 | 351,170 | 379,801 | 346,485 | 297,896 | 254,551 | 239,603 | 170,760 | 142,502 | 79,613 | 60,709 | 84,104 |
total shareholders funds | 738,587 | 594,196 | 434,035 | 351,170 | 379,801 | 346,485 | 297,896 | 254,551 | 239,603 | 170,760 | 142,502 | 79,613 | 60,709 | 84,104 |
Mar 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 | ||||||||||||||
Depreciation | 38,805 | 33,892 | 32,450 | 27,237 | 34,569 | 31,861 | 26,418 | 20,999 | 20,196 | 16,807 | 9,153 | 10,832 | 9,650 | 7,354 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,600 | 15,600 |
Tax | ||||||||||||||
Stock | -19,211 | 22,297 | 0 | -9,800 | -790 | -42,585 | 53,175 | 0 | 2,000 | 0 | -75,000 | 51,261 | 23,539 | 1,200 |
Debtors | 168,452 | 165,976 | 102,911 | -233,595 | 83,493 | 122,638 | 27,314 | 90,977 | -5,077 | -127,470 | 253,687 | -30,465 | -85,319 | 136,736 |
Creditors | -124,877 | 72,956 | 26,258 | -160,347 | 136,858 | 18,881 | -9,384 | -37,075 | 69,844 | -50,304 | 30,378 | 24,416 | -32,591 | 183,646 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 17,000 | 3,000 | 3,000 | -5,000 | 2,000 | 3,000 | 24,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
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 | 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 | 61,307 | -7,186 | 19,292 | -5,988 | 8,364 | 1,944 | -7,666 | 1,169 | -2,405 | 11,958 | -3,076 | -10,075 | 8,547 | 4,604 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -88,347 | 35,251 | 8,014 | 73,123 | 87,358 | -29,053 | -37,032 | -135,223 | 115,348 | 86,775 | -81,762 | 7,729 | 20,770 | 88,897 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -88,347 | 35,251 | 8,014 | 73,123 | 87,358 | -29,053 | -37,032 | -135,223 | 115,348 | 86,775 | -81,762 | 7,729 | 20,770 | 88,897 |
P&L
March 2023turnover
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 2023net 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
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.
mccrea services limited Companies House Filings - See Documents
date | description | view/download |
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