newmac contracts limited

3.5

newmac contracts limited Company Information

Share NEWMAC CONTRACTS LIMITED
Dissolved 

Company Number

NI608505

Website

-

Registered Address

unit a1, boucher business studios, belfast, BT12 6QH

Industry

Construction of domestic buildings

 

Telephone

-

Next Accounts Due

March 2024

Group Structure

View All

Directors

Stephen McConville12 Years

Michael McConville9 Years

Shareholders

stephen mcconville 50%

michael mcconville 50%

newmac contracts limited Estimated Valuation

£529.7k

Pomanda estimates the enterprise value of NEWMAC CONTRACTS LIMITED at £529.7k based on a Turnover of £1.8m and 0.29x industry multiple (adjusted for size and gross margin).

newmac contracts limited Estimated Valuation

£195.6k

Pomanda estimates the enterprise value of NEWMAC CONTRACTS LIMITED at £195.6k based on an EBITDA of £80.6k and a 2.43x industry multiple (adjusted for size and gross margin).

newmac contracts limited Estimated Valuation

£174.8k

Pomanda estimates the enterprise value of NEWMAC CONTRACTS LIMITED at £174.8k based on Net Assets of £142.8k and 1.22x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from August 2014 

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Newmac Contracts Limited Overview

Newmac Contracts Limited is a dissolved company that was located in belfast, BT12 6QH with a Companies House number of NI608505. It operated in the construction of domestic buildings sector, SIC Code 41202. Founded in August 2011, it's largest shareholder was stephen mcconville with a 50% stake. The last turnover for Newmac Contracts Limited was estimated at £1.8m.

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Newmac Contracts Limited Health Check

Pomanda's financial health check has awarded Newmac Contracts Limited a 3.5 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 Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.8m, make it larger than the average company (£651.8k)

£1.8m - Newmac Contracts Limited

£651.8k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Newmac Contracts Limited

- - Industry AVG

production

Production

with a gross margin of 12.3%, this company has a higher cost of product (22.1%)

12.3% - Newmac Contracts Limited

22.1% - Industry AVG

profitability

Profitability

an operating margin of 3.7% make it less profitable than the average company (8%)

3.7% - Newmac Contracts Limited

8% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (28)

3 - Newmac Contracts Limited

28 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.8k, the company has an equivalent pay structure (£37.8k)

£37.8k - Newmac Contracts Limited

£37.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £613.3k, this is more efficient (£419.9k)

£613.3k - Newmac Contracts Limited

£419.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is later than average (18 days)

58 days - Newmac Contracts Limited

18 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 113 days, this is slower than average (32 days)

113 days - Newmac Contracts Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 89 days, this is less than average (173 days)

89 days - Newmac Contracts Limited

173 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)

0 weeks - Newmac Contracts Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 81%, this is a similar level of debt than the average (76.9%)

81% - Newmac Contracts Limited

76.9% - Industry AVG

newmac contracts limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Newmac Contracts Limited Competitor Analysis

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newmac contracts limited Ownership

NEWMAC CONTRACTS LIMITED group structure

Newmac Contracts Limited has no subsidiary companies.

Ultimate parent company

NEWMAC CONTRACTS LIMITED

NI608505

NEWMAC CONTRACTS LIMITED Shareholders

stephen mcconville 50%
michael mcconville 50%

newmac contracts limited directors

Newmac Contracts Limited currently has 2 directors. The longest serving directors include Mr Stephen McConville (Aug 2011) and Mr Michael McConville (Apr 2014).

officercountryagestartendrole
Mr Stephen McConville38 years Aug 2011- Director
Mr Michael McConvilleNorthern Ireland35 years Apr 2014- Director

NEWMAC CONTRACTS LIMITED financials

EXPORTms excel logo

Newmac Contracts Limited's latest turnover from August 2014 is estimated at £1.8 million and the company has net assets of £142.8 thousand. According to their latest financial statements, we estimate that Newmac Contracts Limited has 3 employees and maintains cash reserves of £38 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2014Aug 2013Aug 2012
Turnover1,839,868953,936846,784
Other Income Or Grants000
Cost Of Sales1,613,181838,988743,359
Gross Profit226,686114,948103,425
Admin Expenses159,09787,37914,662
Operating Profit67,58927,56988,763
Interest Payable000
Interest Receivable87482395
Pre-Tax Profit67,67628,05189,158
Tax-14,212-6,452-21,398
Profit After Tax53,46421,59967,760
Dividends Paid000
Retained Profit53,46421,59967,760
Employee Costs113,39474,74875,205
Number Of Employees322
EBITDA*80,62537,42697,285

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2014Aug 2013Aug 2012
Tangible Assets62,23937,96734,086
Intangible Assets000
Investments & Other000
Debtors (Due After 1 year)000
Total Fixed Assets62,23937,96734,086
Stock & work in progress395,500245,86071,030
Trade Debtors295,61391,10474,382
Group Debtors000
Misc Debtors000
Cash3834,646158,154
misc current assets000
total current assets691,151371,610303,566
total assets753,390409,577337,652
Bank overdraft000
Bank loan000
Trade Creditors 499,773320,208269,882
Group/Directors Accounts000
other short term finances000
hp & lease commitments000
other current liabilities000
total current liabilities499,773320,208269,882
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities110,77400
provisions000
total long term liabilities110,77400
total liabilities610,547320,208269,882
net assets142,84389,36967,770
total shareholders funds142,84389,36967,770
Aug 2014Aug 2013Aug 2012
Operating Activities
Operating Profit67,58927,56988,763
Depreciation13,0369,8578,522
Amortisation000
Tax-14,212-6,452-21,398
Stock149,640174,83071,030
Debtors204,50916,72274,382
Creditors179,56550,326269,882
Accruals and Deferred Income000
Deferred Taxes & Provisions000
Cash flow from operations-108,171-110,252200,357
Investing Activities
capital expenditure-37,308-13,738-42,608
Change in Investments000
cash flow from investments-37,308-13,738-42,608
Financing Activities
Bank loans000
Group/Directors Accounts000
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities110,77400
share issue10010
interest87482395
cash flow from financing110,871482405
cash and cash equivalents
cash-34,608-123,508158,154
overdraft000
change in cash-34,608-123,508158,154

P&L

August 2014

turnover

1.8m

+93%

operating profit

67.6k

0%

gross margin

12.4%

+2.25%

turnover

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

Balance Sheet

August 2014

net assets

142.8k

+0.6%

total assets

753.4k

+0.84%

cash

38

-1%

net assets

Total assets minus all liabilities

newmac contracts limited company details

company number

NI608505

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

August 2011

age

13

accounts

Total Exemption Small

ultimate parent company

None

previous names

N/A

incorporated

UK

address

unit a1, boucher business studios, belfast, BT12 6QH

last accounts submitted

August 2014

newmac contracts 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 newmac contracts limited.

charges

newmac contracts limited Companies House Filings - See Documents

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