mayfair homes (ni) (no. 2) ltd
mayfair homes (ni) (no. 2) ltd Company Information
Company Number
NI635215
Website
-Registered Address
jefferson house 42 queen street, belfast, BT1 6HL
Industry
Development of building projects
Telephone
-
Next Accounts Due
18 days late
Group Structure
View All
Shareholders
mayfair homes (ni) holdings limited 100%
mayfair homes (ni) (no. 2) ltd Estimated Valuation
Pomanda estimates the enterprise value of MAYFAIR HOMES (NI) (NO. 2) LTD at £453.5k based on a Turnover of £977.7k and 0.46x industry multiple (adjusted for size and gross margin).
mayfair homes (ni) (no. 2) ltd Estimated Valuation
Pomanda estimates the enterprise value of MAYFAIR HOMES (NI) (NO. 2) LTD at £414.2k based on an EBITDA of £114.1k and a 3.63x industry multiple (adjusted for size and gross margin).
mayfair homes (ni) (no. 2) ltd Estimated Valuation
Pomanda estimates the enterprise value of MAYFAIR HOMES (NI) (NO. 2) LTD at £2.4m based on Net Assets of £1.8m and 1.33x industry multiple (adjusted for liquidity).
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Mayfair Homes (ni) (no. 2) Ltd Overview
Mayfair Homes (ni) (no. 2) Ltd is a live company located in belfast, BT1 6HL with a Companies House number of NI635215. It operates in the development of building projects sector, SIC Code 41100. Founded in December 2015, it's largest shareholder is mayfair homes (ni) holdings limited with a 100% stake. Mayfair Homes (ni) (no. 2) Ltd is a young, small sized company, Pomanda has estimated its turnover at £977.7k with declining growth in recent years.
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Mayfair Homes (ni) (no. 2) Ltd Health Check
Pomanda's financial health check has awarded Mayfair Homes (Ni) (No. 2) Ltd a 4.5 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
5 Regular
4 Weak
Size
annual sales of £977.7k, make it smaller than the average company (£2m)
- Mayfair Homes (ni) (no. 2) Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (1.1%)
- Mayfair Homes (ni) (no. 2) Ltd
1.1% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)
- Mayfair Homes (ni) (no. 2) Ltd
24.5% - Industry AVG
Profitability
an operating margin of 11% make it as profitable than the average company (11.6%)
- Mayfair Homes (ni) (no. 2) Ltd
11.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Mayfair Homes (ni) (no. 2) Ltd
6 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- Mayfair Homes (ni) (no. 2) Ltd
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £977.7k, this is more efficient (£270.3k)
- Mayfair Homes (ni) (no. 2) Ltd
£270.3k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (32 days)
- Mayfair Homes (ni) (no. 2) Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (31 days)
- Mayfair Homes (ni) (no. 2) Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 820 days, this is more than average (180 days)
- Mayfair Homes (ni) (no. 2) Ltd
180 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (14 weeks)
16 weeks - Mayfair Homes (ni) (no. 2) Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.6%, this is a lower level of debt than the average (74.9%)
56.6% - Mayfair Homes (ni) (no. 2) Ltd
74.9% - Industry AVG
MAYFAIR HOMES (NI) (NO. 2) LTD financials
Mayfair Homes (Ni) (No. 2) Ltd's latest turnover from August 2022 is estimated at £977.7 thousand and the company has net assets of £1.8 million. According to their latest financial statements, Mayfair Homes (Ni) (No. 2) Ltd has 1 employee and maintains cash reserves of £720.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 54,201 | 47,600 | 42,911 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 54,201 | 47,600 | 42,911 | 0 | 0 | 0 |
| Stock & work in progress | 1,658,841 | 2,006,472 | 4,223,668 | 3,240,994 | 4,070,012 | 2,847,175 |
| Trade Debtors | 70,624 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 1,546,608 | 1,234,527 | 2,281,869 | 0 | 0 | 0 |
| Misc Debtors | 30,502 | 25,480 | 49,550 | 8,132 | 43,100 | 49,470 |
| Cash | 720,569 | 1,320,620 | 427,373 | 634,161 | 131,407 | 152,305 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,027,144 | 4,587,099 | 6,982,460 | 3,883,287 | 4,244,519 | 3,048,950 |
| total assets | 4,081,345 | 4,634,699 | 7,025,371 | 3,883,287 | 4,244,519 | 3,048,950 |
| Bank overdraft | 215,303 | 47,661 | 589,884 | 65,000 | 98,372 | 935,896 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 122,245 | 140,174 | 74,650 | 7,560 | 0 | 0 |
| Group/Directors Accounts | 1,423,180 | 2,170,544 | 4,915,454 | 2,283,327 | 3,573,860 | 1,914,825 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 33,810 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 514,905 | 597,341 | 165,084 | 411,658 | 388,716 | 116,733 |
| total current liabilities | 2,309,443 | 2,955,720 | 5,745,072 | 2,767,545 | 4,060,948 | 2,967,454 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 100,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 100,000 |
| total liabilities | 2,309,443 | 2,955,720 | 5,745,072 | 2,767,545 | 4,060,948 | 3,067,454 |
| net assets | 1,771,902 | 1,678,979 | 1,280,299 | 1,115,742 | 183,571 | -18,504 |
| total shareholders funds | 1,771,902 | 1,678,979 | 1,280,299 | 1,115,742 | 183,571 | -18,504 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 7,012 | 5,650 | 4,768 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | -347,631 | -2,217,196 | 982,674 | -829,018 | 1,222,837 | 2,847,175 |
| Debtors | 387,727 | -1,071,412 | 2,323,287 | -34,968 | -6,370 | 49,470 |
| Creditors | -17,929 | 65,524 | 67,090 | 7,560 | 0 | 0 |
| Accruals and Deferred Income | -82,436 | 432,257 | -246,574 | 22,942 | 271,983 | 116,733 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -747,364 | -2,744,910 | 2,632,127 | -1,290,533 | 1,659,035 | 1,914,825 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 33,810 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -100,000 | 100,000 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -600,051 | 893,247 | -206,788 | 502,754 | -20,898 | 152,305 |
| overdraft | 167,642 | -542,223 | 524,884 | -33,372 | -837,524 | 935,896 |
| change in cash | -767,693 | 1,435,470 | -731,672 | 536,126 | 816,626 | -783,591 |
mayfair homes (ni) (no. 2) ltd Credit Report and Business Information
Mayfair Homes (ni) (no. 2) Ltd Competitor Analysis
Perform a competitor analysis for mayfair homes (ni) (no. 2) ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mayfair homes (ni) (no. 2) ltd Ownership
MAYFAIR HOMES (NI) (NO. 2) LTD group structure
Mayfair Homes (Ni) (No. 2) Ltd has no subsidiary companies.
Ultimate parent company
2 parents
MAYFAIR HOMES (NI) (NO. 2) LTD
NI635215
mayfair homes (ni) (no. 2) ltd directors
Mayfair Homes (Ni) (No. 2) Ltd currently has 4 directors. The longest serving directors include Mr James Patterson (Dec 2015) and Mr Wayne Horwood (Dec 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Patterson | Northern Ireland | 56 years | Dec 2015 | - | Director |
| Mr Wayne Horwood | Northern Ireland | 49 years | Dec 2015 | - | Director |
| Mr Alexander Steele | Northern Ireland | 48 years | Mar 2022 | - | Director |
| Mr Alexander Steele | Northern Ireland | 48 years | Mar 2022 | - | Director |
P&L
August 2022turnover
977.7k
-17%
operating profit
107k
0%
gross margin
24.5%
+6.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
1.8m
+0.06%
total assets
4.1m
-0.12%
cash
720.6k
-0.45%
net assets
Total assets minus all liabilities
mayfair homes (ni) (no. 2) ltd company details
company number
NI635215
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
December 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
jefferson house 42 queen street, belfast, BT1 6HL
last accounts submitted
August 2022
mayfair homes (ni) (no. 2) 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 found 9 charges/mortgages relating to mayfair homes (ni) (no. 2) ltd. Currently there are 3 open charges and 6 have been satisfied in the past.
mayfair homes (ni) (no. 2) ltd Companies House Filings - See Documents
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