wallace contracts (ni) limited
wallace contracts (ni) limited Company Information
Company Number
NI064425
Website
www.wallacecontracts.comRegistered Address
. murdocks lane, bangor, county down, BT19 7QQ
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Construction of other civil engineering projects n.e.c.
Telephone
02891466666
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
grace wallace 50%
graeme wallace 50%
wallace contracts (ni) limited Estimated Valuation
Pomanda estimates the enterprise value of WALLACE CONTRACTS (NI) LIMITED at £2.1m based on a Turnover of £7m and 0.3x industry multiple (adjusted for size and gross margin).
wallace contracts (ni) limited Estimated Valuation
Pomanda estimates the enterprise value of WALLACE CONTRACTS (NI) LIMITED at £3m based on an EBITDA of £759.4k and a 3.9x industry multiple (adjusted for size and gross margin).
wallace contracts (ni) limited Estimated Valuation
Pomanda estimates the enterprise value of WALLACE CONTRACTS (NI) LIMITED at £3.5m based on Net Assets of £1.9m and 1.81x industry multiple (adjusted for liquidity).
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Wallace Contracts (ni) Limited Overview
Wallace Contracts (ni) Limited is a live company located in county down, BT19 7QQ with a Companies House number of NI064425. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in May 2007, it's largest shareholder is grace wallace with a 50% stake. Wallace Contracts (ni) Limited is a established, mid sized company, Pomanda has estimated its turnover at £7m with high growth in recent years.
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Wallace Contracts (ni) Limited Health Check
Pomanda's financial health check has awarded Wallace Contracts (Ni) 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
4 Strong
4 Regular
4 Weak
Size
annual sales of £7m, make it smaller than the average company (£9.6m)
- Wallace Contracts (ni) Limited
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.3%)
- Wallace Contracts (ni) Limited
6.3% - Industry AVG
Production
with a gross margin of 20.3%, this company has a comparable cost of product (20.3%)
- Wallace Contracts (ni) Limited
20.3% - Industry AVG
Profitability
an operating margin of 7.4% make it more profitable than the average company (5.3%)
- Wallace Contracts (ni) Limited
5.3% - Industry AVG
Employees
with 40 employees, this is similar to the industry average (40)
40 - Wallace Contracts (ni) Limited
40 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
- Wallace Contracts (ni) Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £174.4k, this is less efficient (£209.5k)
- Wallace Contracts (ni) Limited
£209.5k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (57 days)
- Wallace Contracts (ni) Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (40 days)
- Wallace Contracts (ni) Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 41 days, this is more than average (10 days)
- Wallace Contracts (ni) Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (19 weeks)
32 weeks - Wallace Contracts (ni) Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.8%, this is a lower level of debt than the average (61.9%)
43.8% - Wallace Contracts (ni) Limited
61.9% - Industry AVG
wallace contracts (ni) limited Credit Report and Business Information
Wallace Contracts (ni) Limited Competitor Analysis
Perform a competitor analysis for wallace contracts (ni) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
wallace contracts (ni) limited Ownership
WALLACE CONTRACTS (NI) LIMITED group structure
Wallace Contracts (Ni) Limited has no subsidiary companies.
Ultimate parent company
WALLACE CONTRACTS (NI) LIMITED
NI064425
wallace contracts (ni) limited directors
Wallace Contracts (Ni) Limited currently has 2 directors. The longest serving directors include Mrs Grace Wallace (May 2007) and Mr Graeme Wallace (May 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Grace Wallace | Northern Ireland | 64 years | May 2007 | - | Director |
| Mr Graeme Wallace | Northern Ireland | 57 years | May 2007 | - | Director |
WALLACE CONTRACTS (NI) LIMITED financials
Wallace Contracts (Ni) Limited's latest turnover from March 2023 is estimated at £7 million and the company has net assets of £1.9 million. According to their latest financial statements, Wallace Contracts (Ni) Limited has 40 employees and maintains cash reserves of £614.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 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 | 40 | 33 | 28 | 23 | 23 | 21 | 18 | 20 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 914,748 | 845,962 | 446,176 | 327,622 | 338,441 | 282,049 | 217,697 | 203,851 | 171,831 | 188,691 | 247,374 | 420,275 | 361,672 | 299,828 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,250 | 93,750 | 156,250 | 218,750 | 281,250 | 343,750 |
| 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 | 914,748 | 845,962 | 446,176 | 327,622 | 338,441 | 282,049 | 217,697 | 203,851 | 203,081 | 282,441 | 403,624 | 639,025 | 642,922 | 643,578 |
| Stock & work in progress | 625,000 | 385,000 | 295,000 | 220,000 | 415,000 | 195,000 | 200,000 | 200,000 | 200,000 | 210,000 | 290,000 | 370,000 | 470,000 | 450,000 |
| Trade Debtors | 1,278,448 | 689,924 | 753,867 | 861,005 | 714,669 | 923,519 | 488,241 | 784,018 | 753,562 | 751,482 | 740,720 | 676,032 | 818,510 | 1,161,850 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 1,219 | 57,236 | 8,530 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 614,256 | 817,549 | 742,236 | 339,087 | 424,649 | 313,374 | 214,492 | 178,832 | 131,794 | 10,498 | 171,530 | 753 | 475,186 | 1,272 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,517,704 | 1,892,473 | 1,791,103 | 1,420,092 | 1,555,537 | 1,489,129 | 911,263 | 1,162,850 | 1,085,356 | 971,980 | 1,202,250 | 1,046,785 | 1,763,696 | 1,613,122 |
| total assets | 3,432,452 | 2,738,435 | 2,237,279 | 1,747,714 | 1,893,978 | 1,771,178 | 1,128,960 | 1,366,701 | 1,288,437 | 1,254,421 | 1,605,874 | 1,685,810 | 2,406,618 | 2,256,700 |
| Bank overdraft | 0 | 475 | 1,445 | 11,467 | 6,767 | 0 | 0 | 0 | 31,154 | 34,533 | 33,968 | 38,583 | 110,208 | 116,138 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 389,712 | 345,930 | 353,380 | 211,873 | 306,465 | 283,894 | 182,555 | 333,263 | 361,152 | 248,460 | 588,901 | 622,666 | 1,161,705 | 1,118,583 |
| 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 | 194,529 | 135,303 | 78,593 | 69,783 | 75,915 | 62,844 | 0 | 0 | 7,183 | 13,700 | 39,385 | 69,844 | 74,113 | 38,818 |
| other current liabilities | 403,304 | 257,935 | 276,691 | 201,274 | 183,726 | 244,775 | 168,620 | 332,964 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 987,545 | 739,643 | 710,109 | 494,397 | 572,873 | 591,513 | 351,175 | 666,227 | 399,489 | 296,693 | 662,254 | 731,093 | 1,346,026 | 1,273,539 |
| loans | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 92,345 | 96,172 | 66,591 | 25,368 | 11,645 | 1,050 | 12,291 | 70,480 | 87,133 | 41,787 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 295,319 | 311,646 | 98,422 | 101,954 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 |
| provisions | 221,304 | 201,082 | 79,925 | 57,505 | 60,000 | 46,000 | 35,000 | 30,000 | 23,000 | 23,000 | 29,000 | 46,000 | 57,000 | 33,000 |
| total long term liabilities | 516,623 | 512,728 | 228,347 | 159,459 | 152,345 | 142,172 | 101,591 | 55,368 | 34,645 | 24,050 | 41,291 | 116,480 | 144,133 | 574,787 |
| total liabilities | 1,504,168 | 1,252,371 | 938,456 | 653,856 | 725,218 | 733,685 | 452,766 | 721,595 | 434,134 | 320,743 | 703,545 | 847,573 | 1,490,159 | 1,848,326 |
| net assets | 1,928,284 | 1,486,064 | 1,298,823 | 1,093,858 | 1,168,760 | 1,037,493 | 676,194 | 645,106 | 854,303 | 933,678 | 902,329 | 838,237 | 916,459 | 408,374 |
| total shareholders funds | 1,928,284 | 1,486,064 | 1,298,823 | 1,093,858 | 1,168,760 | 1,037,493 | 676,194 | 645,106 | 854,303 | 933,678 | 902,329 | 838,237 | 916,459 | 408,374 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 243,859 | 161,721 | 102,769 | 96,854 | 85,717 | 63,121 | 57,976 | 56,605 | 51,377 | 60,593 | 95,802 | 109,927 | 81,764 | 70,062 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,250 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 |
| Tax | ||||||||||||||
| Stock | 240,000 | 90,000 | 75,000 | -195,000 | 220,000 | -5,000 | 0 | 0 | -10,000 | -80,000 | -80,000 | -100,000 | 20,000 | 450,000 |
| Debtors | 588,524 | -63,943 | -107,138 | 145,117 | -264,867 | 483,984 | -287,247 | 30,456 | 2,080 | 10,762 | 64,688 | -142,478 | -343,340 | 1,161,850 |
| Creditors | 43,782 | -7,450 | 141,507 | -94,592 | 22,571 | 101,339 | -150,708 | -27,889 | 112,692 | -340,441 | -33,765 | -539,039 | 43,122 | 1,118,583 |
| Accruals and Deferred Income | 145,369 | -18,756 | 75,417 | 17,548 | -61,049 | 76,155 | -164,344 | 332,964 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 20,222 | 121,157 | 22,420 | -2,495 | 14,000 | 11,000 | 5,000 | 7,000 | 0 | -6,000 | -17,000 | -11,000 | 24,000 | 33,000 |
| 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 | -50,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 59,226 | 56,710 | 8,810 | -98,477 | 9,244 | 92,425 | 41,223 | 6,540 | 4,078 | -36,926 | -88,648 | -20,922 | 80,641 | 80,605 |
| other long term liabilities | -16,327 | 213,224 | -3,532 | 101,954 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500,000 | 500,000 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -203,293 | 75,313 | 403,149 | -85,562 | 111,275 | 98,882 | 35,660 | 47,038 | 121,296 | -161,032 | 170,777 | -474,433 | 473,914 | 1,272 |
| overdraft | -475 | -970 | -10,022 | 4,700 | 6,767 | 0 | 0 | -31,154 | -3,379 | 565 | -4,615 | -71,625 | -5,930 | 116,138 |
| change in cash | -202,818 | 76,283 | 413,171 | -90,262 | 104,508 | 98,882 | 35,660 | 78,192 | 124,675 | -161,597 | 175,392 | -402,808 | 479,844 | -114,866 |
P&L
March 2023turnover
7m
+52%
operating profit
515.5k
0%
gross margin
20.4%
-0.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.9m
+0.3%
total assets
3.4m
+0.25%
cash
614.3k
-0.25%
net assets
Total assets minus all liabilities
wallace contracts (ni) limited company details
company number
NI064425
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
42990 - Construction of other civil engineering projects n.e.c.
incorporation date
May 2007
age
17
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
. murdocks lane, bangor, county down, BT19 7QQ
last accounts submitted
March 2023
wallace contracts (ni) 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 wallace contracts (ni) limited.
wallace contracts (ni) limited Companies House Filings - See Documents
| date | description | view/download |
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