mcguinness plumbing ltd

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mcguinness plumbing ltd Company Information

Share MCGUINNESS PLUMBING LTD

Company Number

NI638962

Shareholders

thomas mcguinness

Group Structure

View All

Industry

Plumbing, heat and air-conditioning installation

 

Registered Address

11 ballinalack road camlough, newry, co. down, BT35 7HU

mcguinness plumbing ltd Estimated Valuation

£6.1m

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

£143.2k

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

£10.2m

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £8.9m, make it larger than the average company (£319.6k)

£8.9m - Mcguinness Plumbing Ltd

£319.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (12.6%)

15% - Mcguinness Plumbing Ltd

12.6% - Industry AVG

production

Production

with a gross margin of 31.3%, this company has a comparable cost of product (31.3%)

31.3% - Mcguinness Plumbing Ltd

31.3% - Industry AVG

profitability

Profitability

an operating margin of -0.5% make it less profitable than the average company (6.3%)

-0.5% - Mcguinness Plumbing Ltd

6.3% - Industry AVG

employees

Employees

with 50 employees, this is above the industry average (4)

50 - Mcguinness Plumbing Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.3k, the company has an equivalent pay structure (£37.3k)

£37.3k - Mcguinness Plumbing Ltd

£37.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £179k, this is more efficient (£120.1k)

£179k - Mcguinness Plumbing Ltd

£120.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is near the average (51 days)

49 days - Mcguinness Plumbing Ltd

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is quicker than average (46 days)

39 days - Mcguinness Plumbing Ltd

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 74 days, this is more than average (10 days)

74 days - Mcguinness Plumbing Ltd

10 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Turnover8,947,9179,930,6796,300,4275,903,7724,119,8712,810,0731,009,2391,766,835
Other Income Or Grants00000000
Cost Of Sales6,148,2487,212,0784,435,6614,223,0452,863,4041,885,203679,0841,151,714
Gross Profit2,799,6682,718,6001,864,7651,680,7271,256,467924,870330,154615,121
Admin Expenses2,848,9381,556,7191,230,8201,026,025142,223192,685217,501606,764
Operating Profit-49,2701,161,881633,945654,7021,114,244732,185112,6538,357
Interest Payable9,02212,2114,8083,0812,1962,0901,2980
Interest Receivable49,60848,8569,4253043692,1056920
Pre-Tax Profit-8,6841,198,527638,562651,9251,112,417732,200111,4238,377
Tax0-299,632-121,327-123,866-211,359-139,118-21,170-1,592
Profit After Tax-8,684898,895517,235528,059901,058593,08290,2536,785
Dividends Paid00000000
Retained Profit-8,684898,895517,235528,059901,058593,08290,2536,785
Employee Costs1,864,4131,376,3001,153,6241,212,047974,034348,684353,497200,020
Number Of Employees504234362910106
EBITDA*26,2221,237,041689,616700,5881,170,280767,586136,59623,042

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Tangible Assets237,056234,496177,234146,882178,949111,69177,86950,775
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets237,056234,496177,234146,882178,949111,69177,86950,775
Stock & work in progress1,259,269684,8381,494,630730,220605,906205,140202,150217,825
Trade Debtors1,216,3652,372,423206,109720,675265,519473,4235,5760
Group Debtors72,3470000000
Misc Debtors493,007531,577449,074788,677939,906224,86219,86049,215
Cash1,025,243864,5911,089,655418,354189,033549,68711,74715,704
misc current assets00000000
total current assets4,066,2314,453,4293,239,4682,657,9262,000,3641,453,112239,333282,744
total assets4,303,2874,687,9253,416,7022,804,8082,179,3131,564,803317,202333,519
Bank overdraft0112,41042,7641,020021,98939,9390
Bank loan20,00027,97938,86450,00050,000000
Trade Creditors 662,305737,744462,456545,225386,656490,679135,618275,581
Group/Directors Accounts00000194,96300
other short term finances00000000
hp & lease commitments009,31421,35427,52114,36000
other current liabilities94,199274,325226,73258,55792,339138,90131,41047,720
total current liabilities776,5041,152,458780,130676,156556,516860,892206,967323,301
loans00000000
hp & lease commitments0009,31531,51913,69100
Accruals and Deferred Income00000000
other liabilities00000013,0973,333
provisions00000000
total long term liabilities0009,31531,51913,69113,0973,333
total liabilities776,5041,152,458780,130685,471588,035874,583220,064326,634
net assets3,526,7833,535,4672,636,5722,119,3371,591,278690,22097,1386,885
total shareholders funds3,526,7833,535,4672,636,5722,119,3371,591,278690,22097,1386,885
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Operating Activities
Operating Profit-49,2701,161,881633,945654,7021,114,244732,185112,6538,357
Depreciation75,49275,16055,67145,88656,03635,40123,94314,685
Amortisation00000000
Tax0-299,632-121,327-123,866-211,359-139,118-21,170-1,592
Stock574,431-809,792764,410124,314400,7662,990-15,675217,825
Debtors-1,122,2812,248,817-854,169303,927507,140672,849-23,77949,215
Creditors-75,439275,288-82,769158,569-104,023355,061-139,963275,581
Accruals and Deferred Income-180,12647,593168,175-33,782-46,562107,491-16,31047,720
Deferred Taxes & Provisions00000000
Cash flow from operations318,507-178,735743,454273,268-99,570415,181-1,39377,711
Investing Activities
capital expenditure-78,052-132,422-86,023-13,819-123,294-69,223-51,037-65,460
Change in Investments00000000
cash flow from investments-78,052-132,422-86,023-13,819-123,294-69,223-51,037-65,460
Financing Activities
Bank loans-7,979-10,885-11,136050,000000
Group/Directors Accounts0000-194,963194,96300
Other Short Term Loans 00000000
Long term loans00000000
Hire Purchase and Lease Commitments0-9,314-21,355-28,37130,98928,05100
other long term liabilities00000-13,0979,7643,333
share issue0000000100
interest40,58636,6454,617-2,777-1,82715-1,22920
cash flow from financing32,60716,446-27,874-31,148-115,801209,9328,5353,453
cash and cash equivalents
cash160,652-225,064671,301229,321-360,654537,940-3,95715,704
overdraft-112,41069,64641,7441,020-21,989-17,95039,9390
change in cash273,062-294,710629,557228,301-338,665555,890-43,89615,704

mcguinness plumbing ltd 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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Mcguinness Plumbing Ltd Competitor Analysis

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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 Shareholders

thomas mcguinness 100%

mcguinness plumbing ltd directors

Mcguinness Plumbing Ltd currently has 1 director, Mr Thomas McGuinness serving since Jun 2016.

officercountryagestartendrole
Mr Thomas McGuinnessUnited Kingdom41 years Jun 2016- Director

P&L

June 2024

turnover

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 2024

net 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

None

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

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