David Mckee Contracts Limited

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david mckee contracts limited Company Information

Live

EstablishedMidDeclining

Company Number

NI603921

Website

www.davidmckeebuildingcontractors.co.uk

Registered Address

25 ballymageogh road, kilkeel, newry, county down, BT34 4HW

Industry

Construction of commercial buildings

Telephone

02841762404

Next Accounts Due

December 2024

Group Structure

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Directors

David McKee13 Years

Janice McKee13 Years

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Shareholders

janice mckee 50%

david mckee 50%

david mckee contracts limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of DAVID MCKEE CONTRACTS LIMITED at £3.8m based on Net Assets of £3m and 1.26x industry multiple (adjusted for liquidity).

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David Mckee Contracts Limited is a live company located in newry, BT34 4HW with a Companies House number of NI603921. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in July 2010, it's largest shareholder is janice mckee with a 50% stake. David Mckee Contracts Limited is a established, mid sized company, Pomanda has estimated its turnover at £5m with declining growth in recent years.

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Pomanda's financial health check has awarded David Mckee Contracts Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £5m, make it smaller than the average company (£10.7m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.5%)

EXPORT

David Mckee Contracts Limited's latest turnover from March 2023 is estimated at £5 million and the company has net assets of £3 million. According to their latest financial statements, David Mckee Contracts Limited has 5 employees and maintains cash reserves of £1.2 million 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
Turnover	5,022,595	4,597,165	4,594,904	5,956,335	4,178,934	5,046,304	1,030,290	980,790	1,564,534	1,582,176	641,726	348,800	162,923
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,302,138	3,937,752	3,968,444	5,087,461	3,565,517	4,296,478	872,675	837,266	1,337,376	1,354,442	550,963	296,760	136,131
Gross Profit	720,457	659,413	626,460	868,875	613,417	749,825	157,615	143,524	227,158	227,735	90,764	52,040	26,792
Admin Expenses	31,243	138,090	485,801	-197,616	127,595	508,308	-31,105	32,052	-58,400	156,348	41,141	35,119	24,537
Operating Profit	689,214	521,323	140,659	1,066,491	485,822	241,517	188,720	111,472	285,558	71,387	49,623	16,921	2,255
Interest Payable	9,746	8,100	7,320	16,690	54,201	54,791	16,629	0	0	10,328	21,398	13,168	2,098
Interest Receivable	39,372	3,078	344	283	0	2,343	2,019	2,735	1,039	865	1,729	946	82
Pre-Tax Profit	718,841	516,301	133,683	1,050,084	431,621	189,068	174,110	114,206	286,596	61,923	29,954	4,699	239
Tax	-136,580	-98,097	-25,400	-199,516	-82,008	-35,923	-34,822	-22,841	-60,185	-14,242	-7,189	-1,222	-67
Profit After Tax	582,261	418,204	108,283	850,568	349,613	153,145	139,288	91,365	226,411	47,681	22,765	3,477	172
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	582,261	418,204	108,283	850,568	349,613	153,145	139,288	91,365	226,411	47,681	22,765	3,477	172
Employee Costs	259,229	249,130	239,124	241,072	237,932	694,456	179,647	127,579	203,916	236,317	115,780	75,755	37,223
Number Of Employees	5	5	5	5	5	15	4	3	5	6	3	2	1
EBITDA*	745,863	547,899	165,546	1,083,983	501,635	257,424	203,616	125,319	298,144	78,986	54,742	19,921	4,255

* 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
Tangible Assets	240,537	217,703	73,440	47,827	28,964	44,777	46,934	32,415	46,262	25,948	27,747	10,000	13,000
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	0	0	0	0	0	0	0	0	0
Total Fixed Assets	240,537	217,703	73,440	47,827	28,964	44,777	46,934	32,415	46,262	25,948	27,747	10,000	13,000
Stock & work in progress	1,451,211	1,636,461	2,156,294	1,881,108	1,830,072	2,046,575	178,289	171,436	216,200	334,828	23,000	85,984	24,460
Trade Debtors	590,207	285,440	17,895	0	119,000	42,535	56,995	99,545	155,952	26,382	58,926	50,143	15,231
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	152,731	124,692	61,598	47,990	105,697	20,242	26,087	22,727	0	0	0	0	0
Cash	1,153,350	699,457	121,460	566,187	0	0	937,092	678,405	415,474	0	345,835	345,835	32,613
misc current assets	0	0	0	0	0	0	0	0	28,815	280,990	0	0	0
total current assets	3,347,499	2,746,050	2,357,247	2,495,285	2,054,769	2,109,352	1,198,463	972,113	816,441	642,200	427,761	481,962	72,304
total assets	3,588,036	2,963,753	2,430,687	2,543,112	2,083,733	2,154,129	1,245,397	1,004,528	862,703	668,148	455,508	491,962	85,304
Bank overdraft	0	0	6,311	0	95,210	285,684	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	214,741	217,857	111,524	87,945	198,928	139,932	117,615	64,920	168,528	250,384	111,315	7,059	20,579
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	140,626	0
other short term finances	95,162	95,000	95,000	95,000	357,000	335,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	224,764	198,558	50,318	228,313	143,548	168,518	56,512	55,778	0	0	0	0	0
total current liabilities	534,667	511,415	263,153	411,258	794,686	929,134	174,127	120,698	168,528	250,384	111,315	147,685	20,579
loans	0	0	43,689	0	0	533,074	532,130	0	0	0	317,777	340,626	64,551
hp & lease commitments	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
other liabilities	0	0	117,121	243,204	250,204	0	0	486,446	393,667	343,667	0	0	0
provisions	60,134	41,364	13,954	4,163	4,924	7,615	7,979	5,511	0	0	0	0	0
total long term liabilities	60,134	41,364	174,764	247,367	255,128	540,689	540,109	491,957	393,667	343,667	317,777	340,626	64,551
total liabilities	594,801	552,779	437,917	658,625	1,049,814	1,469,823	714,236	612,655	562,195	594,051	429,092	488,311	85,130
net assets	2,993,235	2,410,974	1,992,770	1,884,487	1,033,919	684,306	531,161	391,873	300,508	74,097	26,416	3,651	174
total shareholders funds	2,993,235	2,410,974	1,992,770	1,884,487	1,033,919	684,306	531,161	391,873	300,508	74,097	26,416	3,651	174

	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
Operating Activities
Operating Profit	689,214	521,323	140,659	1,066,491	485,822	241,517	188,720	111,472	285,558	71,387	49,623	16,921	2,255
Depreciation	56,649	26,576	24,887	17,492	15,813	15,907	14,896	13,847	12,586	7,599	5,119	3,000	2,000
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-136,580	-98,097	-25,400	-199,516	-82,008	-35,923	-34,822	-22,841	-60,185	-14,242	-7,189	-1,222	-67
Stock	-185,250	-519,833	275,186	51,036	-216,503	1,868,286	6,853	-44,764	-118,628	311,828	-62,984	61,524	24,460
Debtors	332,806	330,639	31,503	-176,707	161,920	-20,305	-39,190	-33,680	129,570	-32,544	8,783	34,912	15,231
Creditors	-3,116	106,333	23,579	-110,983	58,996	22,317	52,695	-103,608	-81,856	139,069	104,256	-13,520	20,579
Accruals and Deferred Income	26,206	148,240	-177,995	84,765	-24,970	112,006	734	55,778	0	0	0	0	0
Deferred Taxes & Provisions	18,770	27,410	9,791	-761	-2,691	-364	2,468	5,511	0	0	0	0	0
Cash flow from operations	503,587	920,979	-311,168	983,159	505,545	-1,492,521	257,028	138,603	145,161	-75,471	206,010	-91,257	-14,924
Investing Activities
capital expenditure	-79,483	-170,839	-50,500	-36,355	0	-13,750	-29,415	0	-32,900	-5,800	-22,866	0	-15,000
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-79,483	-170,839	-50,500	-36,355	0	-13,750	-29,415	0	-32,900	-5,800	-22,866	0	-15,000
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	-140,626	140,626	0
Other Short Term Loans	162	0	0	-262,000	22,000	335,000	0	0	0	0	0	0	0
Long term loans	0	-43,689	43,689	0	-533,074	944	532,130	0	0	-317,777	-22,849	276,075	64,551
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-117,121	-126,083	-7,000	250,204	0	-486,446	92,779	50,000	343,667	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	29,626	-5,022	-6,976	-16,407	-54,201	-52,448	-14,610	2,735	1,039	-9,463	-19,669	-12,222	-2,016
cash flow from financing	29,788	-165,832	-89,370	-285,407	-315,071	283,496	31,074	95,514	51,039	16,427	-183,144	404,479	62,537
cash and cash equivalents
cash	453,893	577,997	-444,727	566,187	0	-937,092	258,687	262,931	415,474	-345,835	0	313,222	32,613
overdraft	0	-6,311	6,311	-95,210	-190,474	285,684	0	0	0	0	0	0	0
change in cash	453,893	584,308	-451,038	661,397	190,474	-1,222,776	258,687	262,931	415,474	-345,835	0	313,222	32,613

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DAVID MCKEE CONTRACTS LIMITED group structure

David Mckee Contracts Limited has no subsidiary companies.

Ultimate parent company

DAVID MCKEE CONTRACTS LIMITED

NI603921

DAVID MCKEE CONTRACTS LIMITED Shareholders

janice mckee	50%
david mckee	50%

David Mckee Contracts Limited currently has 3 directors. The longest serving directors include Mr David McKee (Aug 2010) and Ms Janice McKee (Aug 2010).

officer	country	age	start	end	role
Mr David McKee		61 years	Aug 2010	-	Director
Ms Janice McKee	Northern Ireland	59 years	Aug 2010	-	Director
Mr William McKee	Northern Ireland	33 years	Oct 2022	-	Director

P&L

March 2023

turnover

+9%

operating profit

689.2k

gross margin

14.4%

turnover

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

Balance Sheet

March 2023

net assets

+0.24%

total assets

3.6m

+0.21%

cash

1.2m

+0.65%

net assets

Total assets minus all liabilities

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company number

NI603921

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

July 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

25 ballymageogh road, kilkeel, newry, county down, BT34 4HW

last accounts submitted

March 2023

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 4 charges/mortgages relating to david mckee contracts limited. Currently there are 2 open charges and 2 have been satisfied in the past.

david mckee contracts limited Company Information

david mckee contracts limited Estimated Valuation

david mckee contracts limited Estimated Valuation

david mckee contracts limited Estimated Valuation

David Mckee Contracts Limited Overview

David Mckee Contracts Limited Health Check

DAVID MCKEE CONTRACTS LIMITED financials

david mckee contracts limited Credit Report and Business Information

David Mckee Contracts Limited Competitor Analysis

david mckee contracts limited Ownership

david mckee contracts limited directors

david mckee contracts limited company details

david mckee contracts limited Charges & Mortgages

david mckee contracts limited Companies House Filings - See Documents