mjm renewables ltd
mjm renewables ltd Company Information
Company Number
NI631474
Website
-Registered Address
carnbane business park, carnbane industrial estate, newry, down, BT35 6QH
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
442830258450
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
rathbane (iom) holdings limited 100%
mjm renewables ltd Estimated Valuation
Pomanda estimates the enterprise value of MJM RENEWABLES LTD at £1.4m based on a Turnover of £430.6k and 3.14x industry multiple (adjusted for size and gross margin).
mjm renewables ltd Estimated Valuation
Pomanda estimates the enterprise value of MJM RENEWABLES LTD at £141.9k based on an EBITDA of £20.6k and a 6.88x industry multiple (adjusted for size and gross margin).
mjm renewables ltd Estimated Valuation
Pomanda estimates the enterprise value of MJM RENEWABLES LTD at £57.5k based on Net Assets of £35.9k and 1.6x industry multiple (adjusted for liquidity).
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Mjm Renewables Ltd Overview
Mjm Renewables Ltd is a live company located in newry, BT35 6QH with a Companies House number of NI631474. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2015, it's largest shareholder is rathbane (iom) holdings limited with a 100% stake. Mjm Renewables Ltd is a young, micro sized company, Pomanda has estimated its turnover at £430.6k with declining growth in recent years.
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Mjm Renewables Ltd Health Check
Pomanda's financial health check has awarded Mjm Renewables Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
0 Strong
5 Regular
5 Weak
Size
annual sales of £430.6k, make it smaller than the average company (£864k)
- Mjm Renewables Ltd
£864k - Industry AVG
Growth
3 year (CAGR) sales growth of -54%, show it is growing at a slower rate (1.3%)
- Mjm Renewables Ltd
1.3% - Industry AVG
Production
with a gross margin of 70.2%, this company has a comparable cost of product (70.2%)
- Mjm Renewables Ltd
70.2% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (34.5%)
- Mjm Renewables Ltd
34.5% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Mjm Renewables Ltd
4 - Industry AVG
Pay Structure
on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)
- Mjm Renewables Ltd
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £107.7k, this is less efficient (£187.9k)
- Mjm Renewables Ltd
£187.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mjm Renewables Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (33 days)
- Mjm Renewables Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mjm Renewables Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (13 weeks)
10 weeks - Mjm Renewables Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.5%, this is a similar level of debt than the average (70%)
75.5% - Mjm Renewables Ltd
70% - Industry AVG
MJM RENEWABLES LTD financials
Mjm Renewables Ltd's latest turnover from December 2022 is estimated at £430.6 thousand and the company has net assets of £35.9 thousand. According to their latest financial statements, Mjm Renewables Ltd has 4 employees and maintains cash reserves of £22.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 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 | 4 | 4 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,659 | 50,146 | 1,896,687 | 1,904,647 | 1,499,490 | 1,074,588 | 1,047,938 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 40,659 | 50,146 | 1,896,687 | 1,904,647 | 1,499,490 | 1,074,588 | 1,047,938 | 0 |
| Stock & work in progress | 0 | 69,135 | 69,135 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 11,172 | 4,447 | 312,619 | 181,517 | 126,564 | 14,964 | 0 |
| Group Debtors | 82,294 | 0 | 6,650 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 563 | 8,482 | 881 | 0 | 0 | 0 | 0 | 0 |
| Cash | 22,669 | 1,998 | 4,224 | 0 | 0 | 4,456 | 13,068 | 100 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 105,526 | 90,787 | 85,337 | 312,619 | 181,517 | 131,020 | 28,032 | 100 |
| total assets | 146,185 | 140,933 | 1,982,024 | 2,217,266 | 1,681,007 | 1,205,608 | 1,075,970 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,167 | 6,399 | 40,246 | 2,624,700 | 2,197,573 | 1,583,448 | 1,159,957 | 17 |
| Group/Directors Accounts | 62,626 | 57,327 | 2,511,260 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 43,514 | 50,715 | 70,480 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 110,307 | 114,441 | 2,621,986 | 2,624,700 | 2,197,573 | 1,583,448 | 1,159,957 | 17 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 70,922 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 200 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 70,922 | 0 | 200 | 0 | 0 |
| total liabilities | 110,307 | 114,441 | 2,621,986 | 2,695,622 | 2,197,573 | 1,583,648 | 1,159,957 | 17 |
| net assets | 35,878 | 26,492 | -639,962 | -478,356 | -516,566 | -378,040 | -83,987 | 83 |
| total shareholders funds | 35,878 | 26,492 | -639,962 | -478,356 | -516,566 | -378,040 | -83,987 | 83 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 9,487 | 6,436 | 0 | 1,550 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||
| Tax | ||||||||
| Stock | -69,135 | 0 | 69,135 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 63,203 | 7,676 | -300,641 | 131,102 | 54,953 | 111,600 | 14,964 | 0 |
| Creditors | -2,232 | -33,847 | -2,584,454 | 427,127 | 614,125 | 423,491 | 1,159,940 | 17 |
| Accruals and Deferred Income | -7,201 | -19,765 | -442 | 70,922 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,299 | -2,453,933 | 2,511,260 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -200 | 200 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 20,671 | -2,226 | 4,224 | 0 | -4,456 | -8,612 | 12,968 | 100 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 20,671 | -2,226 | 4,224 | 0 | -4,456 | -8,612 | 12,968 | 100 |
mjm renewables ltd Credit Report and Business Information
Mjm Renewables Ltd Competitor Analysis
Perform a competitor analysis for mjm renewables ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mjm renewables ltd Ownership
MJM RENEWABLES LTD group structure
Mjm Renewables Ltd has no subsidiary companies.
Ultimate parent company
MJM RENEWABLES LTD
NI631474
mjm renewables ltd directors
Mjm Renewables Ltd currently has 3 directors. The longest serving directors include Mr Bernard McConville (May 2015) and Mr Conleth McConville (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bernard McConville | 62 years | May 2015 | - | Director | |
| Mr Conleth McConville | Northern Ireland | 34 years | Dec 2023 | - | Director |
| Ms Naoimh McConville | Northern Ireland | 36 years | Dec 2023 | - | Director |
P&L
December 2022turnover
430.6k
+88%
operating profit
11.2k
0%
gross margin
70.2%
+2.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
35.9k
+0.35%
total assets
146.2k
+0.04%
cash
22.7k
+10.35%
net assets
Total assets minus all liabilities
Similar Companies
mjm renewables ltd company details
company number
NI631474
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
May 2015
age
9
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
carnbane business park, carnbane industrial estate, newry, down, BT35 6QH
last accounts submitted
December 2022
mjm renewables ltd 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 mjm renewables ltd.
mjm renewables ltd Companies House Filings - See Documents
| date | description | view/download |
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