mcwhinney's sausages limited
mcwhinney's sausages limited Company Information
Company Number
NI602478
Website
www.mcwhinneys.comRegistered Address
10 balloo way, balloo industrial estate, bangor, county down, BT19 7QZ
Industry
Production of meat and poultry meat products
Telephone
02891271811
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
kevin mcwhinney 50%
elaine mcwhinney 45%
View Allmcwhinney's sausages limited Estimated Valuation
Pomanda estimates the enterprise value of MCWHINNEY'S SAUSAGES LIMITED at £3.7m based on a Turnover of £12m and 0.3x industry multiple (adjusted for size and gross margin).
mcwhinney's sausages limited Estimated Valuation
Pomanda estimates the enterprise value of MCWHINNEY'S SAUSAGES LIMITED at £1.3m based on an EBITDA of £416.4k and a 3.05x industry multiple (adjusted for size and gross margin).
mcwhinney's sausages limited Estimated Valuation
Pomanda estimates the enterprise value of MCWHINNEY'S SAUSAGES LIMITED at £10.5m based on Net Assets of £6.1m and 1.73x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mcwhinney's Sausages Limited Overview
Mcwhinney's Sausages Limited is a live company located in bangor, BT19 7QZ with a Companies House number of NI602478. It operates in the production of meat and poultry meat products sector, SIC Code 10130. Founded in March 2010, it's largest shareholder is kevin mcwhinney with a 50% stake. Mcwhinney's Sausages Limited is a established, mid sized company, Pomanda has estimated its turnover at £12m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Mcwhinney's Sausages Limited Health Check
Pomanda's financial health check has awarded Mcwhinney'S Sausages Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £12m, make it smaller than the average company (£31.6m)
- Mcwhinney's Sausages Limited
£31.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (3%)
- Mcwhinney's Sausages Limited
3% - Industry AVG
Production
with a gross margin of 9.3%, this company has a higher cost of product (16.9%)
- Mcwhinney's Sausages Limited
16.9% - Industry AVG
Profitability
an operating margin of 3.5% make it as profitable than the average company (4%)
- Mcwhinney's Sausages Limited
4% - Industry AVG
Employees
with 22 employees, this is below the industry average (118)
22 - Mcwhinney's Sausages Limited
118 - Industry AVG
Pay Structure
on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)
- Mcwhinney's Sausages Limited
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £546.5k, this is more efficient (£223.4k)
- Mcwhinney's Sausages Limited
£223.4k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (35 days)
- Mcwhinney's Sausages Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (34 days)
- Mcwhinney's Sausages Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mcwhinney's Sausages Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mcwhinney's Sausages Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.6%, this is a lower level of debt than the average (53.9%)
20.6% - Mcwhinney's Sausages Limited
53.9% - Industry AVG
MCWHINNEY'S SAUSAGES LIMITED financials
Mcwhinney'S Sausages Limited's latest turnover from December 2022 is estimated at £12 million and the company has net assets of £6.1 million. According to their latest financial statements, Mcwhinney'S Sausages Limited has 22 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 22 | 22 | 21 | 20 | 18 | 27 | 29 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,183,694 | 2,871,176 | 510,927 | 634,038 | 800,919 | 874,080 | 883,491 | 788,711 | 875,531 | 927,488 | 884,271 | 553,940 | 602,438 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 1,887,672 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,183,694 | 2,871,176 | 510,927 | 634,038 | 2,688,591 | 874,080 | 883,491 | 788,711 | 875,531 | 927,488 | 884,271 | 553,940 | 602,438 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 80,307 | 24,858 | 24,858 | 15,947 | 29,349 | 12,187 | 28,068 | 32,256 |
| Trade Debtors | 3,458,014 | 4,470,635 | 7,380,860 | 5,894,051 | 865,852 | 564,152 | 336,117 | 584,147 | 531,074 | 452,961 | 559,395 | 413,308 | 280,501 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 638,829 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,886 | 0 | 0 | 0 | 2,632,258 | 2,829,766 | 2,095,628 | 387,215 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 141,880 | 7,942 | 220,120 | 332,155 | 505,393 | 222,199 | 343,117 | 86,125 | 64,803 | 14,649 | 79,283 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 71 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,467,900 | 4,470,635 | 7,522,740 | 5,901,993 | 3,718,230 | 3,806,451 | 2,961,996 | 1,857,248 | 890,138 | 568,435 | 636,385 | 456,025 | 392,040 |
| total assets | 7,651,594 | 7,341,811 | 8,033,667 | 6,536,031 | 6,406,821 | 4,680,531 | 3,845,487 | 2,645,959 | 1,765,669 | 1,495,923 | 1,520,656 | 1,009,965 | 994,478 |
| Bank overdraft | 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 |
| Trade Creditors | 973,750 | 941,921 | 2,093,486 | 1,110,367 | 811,884 | 317,290 | 148,068 | 83,040 | 339,306 | 291,384 | 498,060 | 358,222 | 390,344 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 3,176 | 20,512 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 481,729 | 308,618 | 359,239 | 371,781 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 973,750 | 941,921 | 2,093,486 | 1,110,367 | 1,293,613 | 629,084 | 527,819 | 454,821 | 339,306 | 291,384 | 498,060 | 358,222 | 390,344 |
| loans | 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 |
| Accruals and Deferred Income | 148,092 | 138,815 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 176,289 | 196,874 | 0 | 0 | 0 | 0 | 0 | 125,408 | 176,333 | 191,633 | 201,731 | 0 | 0 |
| provisions | 276,466 | 324,515 | 217,460 | 232,899 | 236,278 | 235,336 | 252,360 | 143,977 | 143,977 | 143,977 | 166,078 | 110,788 | 117,161 |
| total long term liabilities | 600,847 | 660,204 | 217,460 | 232,899 | 236,278 | 235,336 | 252,360 | 269,385 | 320,310 | 335,610 | 367,809 | 110,788 | 117,161 |
| total liabilities | 1,574,597 | 1,602,125 | 2,310,946 | 1,343,266 | 1,529,891 | 864,420 | 780,179 | 724,206 | 659,616 | 626,994 | 865,869 | 469,010 | 507,505 |
| net assets | 6,076,997 | 5,739,686 | 5,722,721 | 5,192,765 | 4,876,930 | 3,816,111 | 3,065,308 | 1,921,753 | 1,106,053 | 868,929 | 654,787 | 540,955 | 486,973 |
| total shareholders funds | 6,076,997 | 5,739,686 | 5,722,721 | 5,192,765 | 4,876,930 | 3,816,111 | 3,065,308 | 1,921,753 | 1,106,053 | 868,929 | 654,787 | 540,955 | 486,973 |
| Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 188,896 | 0 | 166,880 | 178,932 | 162,797 | 107,150 | 89,710 | 93,056 | 93,052 | 68,991 | 68,991 | 71,344 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | -80,307 | 55,449 | 0 | 8,911 | -13,402 | 17,162 | -15,881 | -4,188 | 32,256 |
| Debtors | -1,002,735 | -2,910,225 | 1,995,078 | 508,269 | 1,991,864 | 962,173 | 821,554 | 1,079,117 | 78,113 | -106,434 | 146,087 | 132,807 | 280,501 |
| Creditors | 31,829 | -1,151,565 | 1,281,602 | 298,483 | 494,594 | 169,222 | 65,028 | -256,266 | 47,922 | -206,676 | 139,838 | -32,122 | 390,344 |
| Accruals and Deferred Income | 9,277 | 138,815 | -481,729 | -481,729 | 173,111 | -50,621 | -12,542 | 371,781 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -48,049 | 107,055 | -18,818 | -3,379 | 942 | -17,024 | 108,383 | 0 | 0 | -22,101 | 55,290 | -6,373 | 117,161 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 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 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -3,176 | -17,336 | 20,512 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -20,585 | 196,874 | 0 | 0 | 0 | 0 | -125,408 | -50,925 | -15,300 | -10,098 | 201,731 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 0 | -141,880 | -78,240 | -212,178 | -112,035 | -173,238 | 283,194 | -120,918 | 256,992 | 21,322 | 50,154 | -64,634 | 79,283 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -141,880 | -78,240 | -212,178 | -112,035 | -173,238 | 283,194 | -120,918 | 256,992 | 21,322 | 50,154 | -64,634 | 79,283 |
mcwhinney's sausages limited Credit Report and Business Information
Mcwhinney's Sausages Limited Competitor Analysis
Perform a competitor analysis for mcwhinney's sausages limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mcwhinney's sausages limited Ownership
MCWHINNEY'S SAUSAGES LIMITED group structure
Mcwhinney'S Sausages Limited has no subsidiary companies.
Ultimate parent company
MCWHINNEY'S SAUSAGES LIMITED
NI602478
mcwhinney's sausages limited directors
Mcwhinney'S Sausages Limited currently has 3 directors. The longest serving directors include Mr Scott McWhinney (Mar 2010) and Mrs Elaine McWhinney (Mar 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott McWhinney | Northern Ireland | 34 years | Mar 2010 | - | Director |
| Mrs Elaine McWhinney | Northern Ireland | 58 years | Mar 2010 | - | Director |
| Mr Kevin McWhinney | Northern Ireland | 58 years | Mar 2010 | - | Director |
P&L
December 2022turnover
12m
-11%
operating profit
416.4k
0%
gross margin
9.3%
+6.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.1m
+0.06%
total assets
7.7m
+0.04%
cash
0
0%
net assets
Total assets minus all liabilities
mcwhinney's sausages limited company details
company number
NI602478
Type
Private limited with Share Capital
industry
10130 - Production of meat and poultry meat products
incorporation date
March 2010
age
14
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
10 balloo way, balloo industrial estate, bangor, county down, BT19 7QZ
last accounts submitted
December 2022
mcwhinney's sausages 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 found 2 charges/mortgages relating to mcwhinney's sausages limited. Currently there are 0 open charges and 2 have been satisfied in the past.
mcwhinney's sausages limited Companies House Filings - See Documents
| date | description | view/download |
|---|
