mcguinness plumbing ltd Company Information
Group Structure
View All
Industry
Plumbing, heat and air-conditioning installation
Registered Address
11 ballinalack road camlough, newry, co. down, BT35 7HU
Website
www.mcguinnessplumbing.commcguinness plumbing ltd Estimated Valuation
Pomanda estimates the enterprise value of MCGUINNESS PLUMBING LTD at £6.1m based on a Turnover of £8.9m and 0.68x industry multiple (adjusted for size and gross margin).
mcguinness plumbing ltd Estimated Valuation
Pomanda estimates the enterprise value of MCGUINNESS PLUMBING LTD at £143.2k based on an EBITDA of £26.2k and a 5.46x industry multiple (adjusted for size and gross margin).
mcguinness plumbing ltd Estimated Valuation
Pomanda estimates the enterprise value of MCGUINNESS PLUMBING LTD at £10.2m based on Net Assets of £3.5m and 2.89x industry multiple (adjusted for liquidity).
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Mcguinness Plumbing Ltd Overview
Mcguinness Plumbing Ltd is a live company located in co. down, BT35 7HU with a Companies House number of NI638962. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in June 2016, it's largest shareholder is thomas mcguinness with a 100% stake. Mcguinness Plumbing Ltd is a young, mid sized company, Pomanda has estimated its turnover at £8.9m with healthy growth in recent years.
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Mcguinness Plumbing Ltd Health Check
Pomanda's financial health check has awarded Mcguinness Plumbing Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £8.9m, make it larger than the average company (£319.6k)
- Mcguinness Plumbing Ltd
£319.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (12.6%)
- Mcguinness Plumbing Ltd
12.6% - Industry AVG
Production
with a gross margin of 31.3%, this company has a comparable cost of product (31.3%)
- Mcguinness Plumbing Ltd
31.3% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (6.3%)
- Mcguinness Plumbing Ltd
6.3% - Industry AVG
Employees
with 50 employees, this is above the industry average (4)
50 - Mcguinness Plumbing Ltd
4 - Industry AVG
Pay Structure
on an average salary of £37.3k, the company has an equivalent pay structure (£37.3k)
- Mcguinness Plumbing Ltd
£37.3k - Industry AVG
Efficiency
resulting in sales per employee of £179k, this is more efficient (£120.1k)
- Mcguinness Plumbing Ltd
£120.1k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (51 days)
- Mcguinness Plumbing Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is quicker than average (46 days)
- Mcguinness Plumbing Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 74 days, this is more than average (10 days)
- Mcguinness Plumbing Ltd
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 68 weeks, this is more cash available to meet short term requirements (21 weeks)
68 weeks - Mcguinness Plumbing Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18%, this is a lower level of debt than the average (63.4%)
18% - Mcguinness Plumbing Ltd
63.4% - Industry AVG
MCGUINNESS PLUMBING LTD financials
Mcguinness Plumbing Ltd's latest turnover from June 2024 is estimated at £8.9 million and the company has net assets of £3.5 million. According to their latest financial statements, Mcguinness Plumbing Ltd has 50 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 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 | 50 | 42 | 34 | 36 | 29 | 10 | 10 | 6 |
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 237,056 | 234,496 | 177,234 | 146,882 | 178,949 | 111,691 | 77,869 | 50,775 |
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 | 237,056 | 234,496 | 177,234 | 146,882 | 178,949 | 111,691 | 77,869 | 50,775 |
Stock & work in progress | 1,259,269 | 684,838 | 1,494,630 | 730,220 | 605,906 | 205,140 | 202,150 | 217,825 |
Trade Debtors | 1,216,365 | 2,372,423 | 206,109 | 720,675 | 265,519 | 473,423 | 5,576 | 0 |
Group Debtors | 72,347 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 493,007 | 531,577 | 449,074 | 788,677 | 939,906 | 224,862 | 19,860 | 49,215 |
Cash | 1,025,243 | 864,591 | 1,089,655 | 418,354 | 189,033 | 549,687 | 11,747 | 15,704 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 4,066,231 | 4,453,429 | 3,239,468 | 2,657,926 | 2,000,364 | 1,453,112 | 239,333 | 282,744 |
total assets | 4,303,287 | 4,687,925 | 3,416,702 | 2,804,808 | 2,179,313 | 1,564,803 | 317,202 | 333,519 |
Bank overdraft | 0 | 112,410 | 42,764 | 1,020 | 0 | 21,989 | 39,939 | 0 |
Bank loan | 20,000 | 27,979 | 38,864 | 50,000 | 50,000 | 0 | 0 | 0 |
Trade Creditors | 662,305 | 737,744 | 462,456 | 545,225 | 386,656 | 490,679 | 135,618 | 275,581 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 194,963 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 9,314 | 21,354 | 27,521 | 14,360 | 0 | 0 |
other current liabilities | 94,199 | 274,325 | 226,732 | 58,557 | 92,339 | 138,901 | 31,410 | 47,720 |
total current liabilities | 776,504 | 1,152,458 | 780,130 | 676,156 | 556,516 | 860,892 | 206,967 | 323,301 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 9,315 | 31,519 | 13,691 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 13,097 | 3,333 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 9,315 | 31,519 | 13,691 | 13,097 | 3,333 |
total liabilities | 776,504 | 1,152,458 | 780,130 | 685,471 | 588,035 | 874,583 | 220,064 | 326,634 |
net assets | 3,526,783 | 3,535,467 | 2,636,572 | 2,119,337 | 1,591,278 | 690,220 | 97,138 | 6,885 |
total shareholders funds | 3,526,783 | 3,535,467 | 2,636,572 | 2,119,337 | 1,591,278 | 690,220 | 97,138 | 6,885 |
Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | ||||||||
Depreciation | 75,492 | 75,160 | 55,671 | 45,886 | 56,036 | 35,401 | 23,943 | 14,685 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||
Stock | 574,431 | -809,792 | 764,410 | 124,314 | 400,766 | 2,990 | -15,675 | 217,825 |
Debtors | -1,122,281 | 2,248,817 | -854,169 | 303,927 | 507,140 | 672,849 | -23,779 | 49,215 |
Creditors | -75,439 | 275,288 | -82,769 | 158,569 | -104,023 | 355,061 | -139,963 | 275,581 |
Accruals and Deferred Income | -180,126 | 47,593 | 168,175 | -33,782 | -46,562 | 107,491 | -16,310 | 47,720 |
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 | -7,979 | -10,885 | -11,136 | 0 | 50,000 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | -194,963 | 194,963 | 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 | -9,314 | -21,355 | -28,371 | 30,989 | 28,051 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | -13,097 | 9,764 | 3,333 |
share issue | ||||||||
interest | ||||||||
cash flow from financing | ||||||||
cash and cash equivalents | ||||||||
cash | 160,652 | -225,064 | 671,301 | 229,321 | -360,654 | 537,940 | -3,957 | 15,704 |
overdraft | -112,410 | 69,646 | 41,744 | 1,020 | -21,989 | -17,950 | 39,939 | 0 |
change in cash | 273,062 | -294,710 | 629,557 | 228,301 | -338,665 | 555,890 | -43,896 | 15,704 |
mcguinness plumbing ltd Credit Report and Business Information
Mcguinness Plumbing Ltd Competitor Analysis
Perform a competitor analysis for mcguinness plumbing ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in BT35 area or any other competitors across 12 key performance metrics.
mcguinness plumbing ltd Ownership
MCGUINNESS PLUMBING LTD group structure
Mcguinness Plumbing Ltd has no subsidiary companies.
Ultimate parent company
MCGUINNESS PLUMBING LTD
NI638962
mcguinness plumbing ltd directors
Mcguinness Plumbing Ltd currently has 1 director, Mr Thomas McGuinness serving since Jun 2016.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Thomas McGuinness | United Kingdom | 41 years | Jun 2016 | - | Director |
P&L
June 2024turnover
8.9m
-10%
operating profit
-49.3k
0%
gross margin
31.3%
+14.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
3.5m
0%
total assets
4.3m
-0.08%
cash
1m
+0.19%
net assets
Total assets minus all liabilities
mcguinness plumbing ltd company details
company number
NI638962
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
June 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2024
previous names
N/A
accountant
DALY PARK & CO LTD
auditor
-
address
11 ballinalack road camlough, newry, co. down, BT35 7HU
Bank
-
Legal Advisor
-
mcguinness plumbing 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 mcguinness plumbing ltd.
mcguinness plumbing ltd 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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mcguinness plumbing ltd Companies House Filings - See Documents
date | description | view/download |
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