mallon & co solicitors limited
mallon & co solicitors limited Company Information
Company Number
NI623786
Next Accounts
Feb 2026
Shareholders
joseph mallon
enda mckaigue
Group Structure
View All
Industry
Solicitors
Registered Address
station master's house, 16 station road, maghera, county derry, BT46 5BS
Website
www.mallonmccormick.co.ukmallon & co solicitors limited Estimated Valuation
Pomanda estimates the enterprise value of MALLON & CO SOLICITORS LIMITED at £2.3m based on a Turnover of £3.3m and 0.7x industry multiple (adjusted for size and gross margin).
mallon & co solicitors limited Estimated Valuation
Pomanda estimates the enterprise value of MALLON & CO SOLICITORS LIMITED at £0 based on an EBITDA of £-160.2k and a 3.65x industry multiple (adjusted for size and gross margin).
mallon & co solicitors limited Estimated Valuation
Pomanda estimates the enterprise value of MALLON & CO SOLICITORS LIMITED at £1.5m based on Net Assets of £872.7k and 1.72x industry multiple (adjusted for liquidity).
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Mallon & Co Solicitors Limited Overview
Mallon & Co Solicitors Limited is a live company located in maghera, BT46 5BS with a Companies House number of NI623786. It operates in the solicitors sector, SIC Code 69102. Founded in April 2014, it's largest shareholder is joseph mallon with a 80% stake. Mallon & Co Solicitors Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with high growth in recent years.
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Mallon & Co Solicitors Limited Health Check
Pomanda's financial health check has awarded Mallon & Co Solicitors Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £3.3m, make it larger than the average company (£1.2m)
- Mallon & Co Solicitors Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (7.1%)
- Mallon & Co Solicitors Limited
7.1% - Industry AVG
Production
with a gross margin of 68.3%, this company has a comparable cost of product (68.3%)
- Mallon & Co Solicitors Limited
68.3% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (10.3%)
- Mallon & Co Solicitors Limited
10.3% - Industry AVG
Employees
with 26 employees, this is above the industry average (19)
26 - Mallon & Co Solicitors Limited
19 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
- Mallon & Co Solicitors Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £127.9k, this is more efficient (£72.9k)
- Mallon & Co Solicitors Limited
£72.9k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (66 days)
- Mallon & Co Solicitors Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 1377 days, this is slower than average (25 days)
- Mallon & Co Solicitors Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (196 days)
- Mallon & Co Solicitors Limited
196 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (28 weeks)
51 weeks - Mallon & Co Solicitors Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.7%, this is a higher level of debt than the average (48.6%)
82.7% - Mallon & Co Solicitors Limited
48.6% - Industry AVG
MALLON & CO SOLICITORS LIMITED financials
Mallon & Co Solicitors Limited's latest turnover from May 2024 is estimated at £3.3 million and the company has net assets of £872.7 thousand. According to their latest financial statements, Mallon & Co Solicitors Limited has 26 employees and maintains cash reserves of £4.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 26 | 27 | 22 | 14 | 12 | 12 | 10 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 46,995 | 65,894 | 50,101 | 35,935 | 260,590 | 268,033 | 273,318 | 272,857 | 247,198 | 1,504 |
| Intangible Assets | 251,976 | 251,474 | 249,847 | 247,095 | 265,718 | 284,341 | 277,964 | 295,336 | 312,709 | 330,082 |
| Investments & Other | 394,497 | 394,497 | 394,497 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 693,468 | 711,865 | 694,445 | 283,030 | 526,308 | 552,374 | 551,282 | 568,193 | 559,907 | 331,586 |
| Stock & work in progress | 19,958 | 24,122 | 28,379 | 32,431 | 36,483 | 45,269 | 55,286 | 48,815 | 45,269 | 26,614 |
| Trade Debtors | 237,504 | 281,736 | 314,697 | 70,689 | 70,689 | 70,689 | 70,326 | 64,958 | 64,323 | 56,314 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 25,603 | 26,225 | 48,509 | 40,632 | 21,935 | 16,889 | 10,151 | 9,954 | 10,669 | 0 |
| Cash | 4,077,539 | 2,433,053 | 3,198,159 | 2,126,929 | 1,873,276 | 2,158,537 | 1,933,741 | 1,512,654 | 735,495 | 442,561 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,360,604 | 2,765,136 | 3,589,744 | 2,270,681 | 2,002,383 | 2,291,384 | 2,069,504 | 1,636,381 | 855,756 | 525,489 |
| total assets | 5,054,072 | 3,477,001 | 4,284,189 | 2,553,711 | 2,528,691 | 2,843,758 | 2,620,786 | 2,204,574 | 1,415,663 | 857,075 |
| Bank overdraft | 21,292 | 21,292 | 21,292 | 0 | 201,919 | 11,724 | 0 | 480,681 | 213,476 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 171,747 | 0 | 0 | 0 |
| Trade Creditors | 3,981,455 | 2,344,568 | 3,083,369 | 2,006,816 | 1,522,862 | 2,075,810 | 1,679,787 | 0 | 0 | 737,659 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 138,434 | 227,732 | 240,393 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 141,517 | 143,802 | 211,644 | 269,028 | 254,320 | 216,850 | 84,951 | 1,226,839 | 750,945 | 0 |
| total current liabilities | 4,144,264 | 2,509,662 | 3,316,305 | 2,275,844 | 1,979,101 | 2,304,384 | 2,074,919 | 1,935,252 | 1,204,814 | 737,659 |
| loans | 37,078 | 56,742 | 65,400 | 50,000 | 95,357 | 105,127 | 117,851 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 37,078 | 56,742 | 65,400 | 50,000 | 95,357 | 105,127 | 117,851 | 0 | 0 | 0 |
| total liabilities | 4,181,342 | 2,566,404 | 3,381,705 | 2,325,844 | 2,074,458 | 2,409,511 | 2,192,770 | 1,935,252 | 1,204,814 | 737,659 |
| net assets | 872,730 | 910,597 | 902,484 | 227,867 | 454,233 | 434,247 | 428,016 | 269,322 | 210,849 | 119,416 |
| total shareholders funds | 872,730 | 910,597 | 902,484 | 227,867 | 454,233 | 434,247 | 428,016 | 269,322 | 210,849 | 119,416 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 18,899 | 18,377 | 13,596 | 7,067 | 12,777 | 12,692 | 7,539 | 1,066 | 668 | |
| Amortisation | 21,998 | 20,873 | 19,748 | 18,623 | 18,623 | 18,623 | 17,373 | 17,373 | 0 | |
| Tax | ||||||||||
| Stock | -4,164 | -4,257 | -4,052 | -4,052 | -8,786 | -10,017 | 6,471 | 3,546 | 18,655 | 26,614 |
| Debtors | -44,854 | -55,245 | 251,885 | 18,697 | 5,046 | 7,101 | 5,565 | -80 | 18,678 | 56,314 |
| Creditors | 1,636,887 | -738,801 | 1,076,553 | 483,954 | -552,948 | 396,023 | 1,679,787 | 0 | -737,659 | 737,659 |
| Accruals and Deferred Income | -2,285 | -67,842 | -57,384 | 14,708 | 37,470 | 131,899 | -1,141,888 | 475,894 | 750,945 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 394,497 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -171,747 | 171,747 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -138,434 | -89,298 | -12,661 | 240,393 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -19,664 | -8,658 | 15,400 | -45,357 | -9,770 | -12,724 | 117,851 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 1,644,486 | -765,106 | 1,071,230 | 253,653 | -285,261 | 224,796 | 421,087 | 777,159 | 292,934 | 442,561 |
| overdraft | 0 | 0 | 21,292 | -201,919 | 190,195 | 11,724 | -480,681 | 267,205 | 213,476 | 0 |
| change in cash | 1,644,486 | -765,106 | 1,049,938 | 455,572 | -475,456 | 213,072 | 901,768 | 509,954 | 79,458 | 442,561 |
mallon & co solicitors limited Credit Report and Business Information
Mallon & Co Solicitors Limited Competitor Analysis
Perform a competitor analysis for mallon & co solicitors limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in BT46 area or any other competitors across 12 key performance metrics.
mallon & co solicitors limited Ownership
MALLON & CO SOLICITORS LIMITED group structure
Mallon & Co Solicitors Limited has no subsidiary companies.
Ultimate parent company
MALLON & CO SOLICITORS LIMITED
NI623786
mallon & co solicitors limited directors
Mallon & Co Solicitors Limited currently has 3 directors. The longest serving directors include Mr Joseph Mallon (Apr 2014) and Mr Enda McKaigue (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joseph Mallon | 46 years | Apr 2014 | - | Director | |
| Mr Enda McKaigue | United Kingdom | 39 years | Jan 2020 | - | Director |
| Ms Louise Breen | Northern Ireland | 35 years | Jun 2021 | - | Director |
P&L
May 2024turnover
3.3m
+35%
operating profit
-201.1k
0%
gross margin
68.3%
+1.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
872.7k
-0.04%
total assets
5.1m
+0.45%
cash
4.1m
+0.68%
net assets
Total assets minus all liabilities
mallon & co solicitors limited company details
company number
NI623786
Type
Private limited with Share Capital
industry
69102 - Solicitors
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
mallon mccormick solicitors limited (March 2020)
accountant
CAVANAGHKELLY
auditor
-
address
station master's house, 16 station road, maghera, county derry, BT46 5BS
Bank
-
Legal Advisor
-
mallon & co solicitors 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 mallon & co solicitors limited.
mallon & co solicitors limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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mallon & co solicitors limited Companies House Filings - See Documents
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