Wallace, Mcdowall Limited

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wallace, mcdowall limited Company Information

Company Number

SC046491

Next Accounts

Sep 2025

Directors

Yvonne Ward

John Gemmell

Shareholders

the wallace steel group limited

Group Structure

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Industry

Manufacture of other fabricated metal products n.e.c.

Registered Address

bld 11c spirit aerosystems, tarbolton road, monkton, ayrshire, KA9 2RR

Website

www.wallacemcdowall.com

wallace, mcdowall limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of WALLACE, MCDOWALL LIMITED at £6.1m based on a Turnover of £14m and 0.44x industry multiple (adjusted for size and gross margin).

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Wallace, Mcdowall Limited is a live company located in ayrshire, KA9 2RR with a Companies House number of SC046491. It operates in the cold forming or folding sector, SIC Code 24330. Founded in April 1969, it's largest shareholder is the wallace steel group limited with a 100% stake. Wallace, Mcdowall Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14m with high growth in recent years.

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Pomanda's financial health check has awarded Wallace, Mcdowall Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £14m, make it in line with the average company (£14.6m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (9.5%)

EXPORT

Wallace, Mcdowall Limited's latest turnover from December 2023 is £14 million and the company has net assets of £3.3 million. According to their latest financial statements, Wallace, Mcdowall Limited has 169 employees and maintains cash reserves of £534.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	13,968,890	13,567,882	11,670,026	8,634,513	12,248,037	11,280,487	11,317,351	10,177,152	11,680,252	9,867,685	9,182,999	9,081,533	8,528,961	7,055,795	5,093,803
Other Income Or Grants
Cost Of Sales	11,040,882	10,989,995	10,196,271	8,559,147	10,831,601	10,415,154	10,358,474	9,150,586	9,881,848	8,636,272	7,931,523	7,953,988	7,243,043	6,018,725	4,285,475
Gross Profit	2,928,008	2,577,887	1,473,755	75,366	1,416,436	865,333	958,877	1,026,566	1,798,404	1,231,413	1,251,476	1,127,545	1,285,918	1,037,070	808,328
Admin Expenses	2,294,197	1,930,022	1,399,212	447,666	1,172,733	1,065,725	1,105,273	1,091,814	1,147,561	1,025,025	978,423	878,035	841,019	769,816	739,572
Operating Profit	633,811	647,865	74,543	-372,300	243,703	-200,392	-146,396	-65,248	650,843	206,388	273,053	249,510	444,899	267,254	68,756
Interest Payable	242,155	201,344	149,972	169,292	178,157	89,030	78,860	89,207	103,376	88,388	78,755	82,550	80,003	72,966	68,750
Interest Receivable	159					279	83	2,401	2,673	1,655	4,064	8,964	8,077	7,457	17,483
Pre-Tax Profit	391,815	446,521	-75,429	-541,592	65,546	-289,143	-225,173	-152,054	550,140	119,655	198,362	175,924	372,973	201,745	17,489
Tax	99,128	102,605	-53,265	-194,396	190,044	238,730	17,942	37,217	-110,641	-44,478	-21,478	-28,218	-83,284	-82,874	39,256
Profit After Tax	490,943	549,126	-128,694	-735,988	255,590	-50,413	-207,231	-114,837	439,499	75,177	176,884	147,706	289,689	118,871	56,745
Dividends Paid												288,326	308,000	220,000
Retained Profit	490,943	549,126	-128,694	-735,988	255,590	-50,413	-207,231	-114,837	439,499	75,177	176,884	-140,620	-18,311	-101,129	56,745
Employee Costs	5,099,839	4,854,064	4,413,462	4,778,865	5,295,519	4,873,414	4,943,455	4,476,238	4,487,246	3,828,440	3,528,624	3,499,193	3,124,764	2,588,389	2,059,932
Number Of Employees	169	170	169	177	196	199	194	190	185	171	159	155	140	117	96
EBITDA*	994,432	981,119	427,979	-11,088	603,335	556,886	524,155	281,658	1,380,506	905,689	862,928	826,466	949,893	728,603	530,121

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	2,492,928	2,506,478	2,820,612	3,148,477	3,475,961	2,320,775	2,733,317	2,130,681	2,749,805	2,623,964	2,466,682	2,163,011	1,836,717	1,435,727	1,712,612
Intangible Assets	132,472
Investments & Other	250,100	250,100	250,100	250,100	100	100	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)											448,293	343,795	457,266	453,626	450,000
Total Fixed Assets	2,875,500	2,756,578	3,070,712	3,398,577	3,476,061	2,320,875	2,733,417	2,130,781	2,749,905	2,624,064	2,915,075	2,506,906	2,294,083	1,889,453	2,162,712
Stock & work in progress	896,460	643,740	1,326,800	758,814	818,260	810,366	759,310	640,105	284,506	259,441	192,787	176,225	502,484	427,971	368,217
Trade Debtors	2,330,392	2,611,207	2,253,828	1,595,334	2,181,788	2,102,407	2,185,651	1,583,190	2,376,793	2,834,099	2,136,022	1,697,075	1,835,732	1,378,599	933,576
Group Debtors	2,678,416	2,701,701	2,225,101	2,915,969	3,020,663	665,588	802,293	931,893	1,104,599	521,293
Misc Debtors	682,421	611,178	760,629	379,684	542,324	388,795	204,286	167,650	177,867	208,087	138,994	434,845	60,250	80,890	61,540
Cash	534,498	548,336	218,477	153,594	46,952	187,791	413,138	410,372	1,035,274	761,502	661,910	602,183	980,056	869,591	892,132
misc current assets
total current assets	7,122,187	7,116,162	6,784,835	5,803,395	6,609,987	4,154,947	4,364,678	3,733,210	4,979,039	4,584,422	3,129,713	2,910,328	3,378,522	2,757,051	2,255,465
total assets	9,997,687	9,872,740	9,855,547	9,201,972	10,086,048	6,475,822	7,098,095	5,863,991	7,728,944	7,208,486	6,044,788	5,417,234	5,672,605	4,646,504	4,418,177
Bank overdraft						1,878,653	1,936,308	1,421,004	1,897,748	1,961,141		63,205	33,630		10,882
Bank loan											1,591,616	1,506,212	1,512,649	1,212,034	813,704
Trade Creditors	1,604,053	1,175,665	1,616,080	1,122,083	1,303,363	1,152,807	1,288,935	929,114	1,320,431	1,234,797	973,304	915,933	1,079,852	920,264	691,680
Group/Directors Accounts				614,268	764,268	21,458	2,298	2,298	2,298	2,298	2,298	2,298	2,298	2,298	2,298
other short term finances	116,665	116,665
hp & lease commitments	294,813	294,813	278,600	314,800	314,800	377,642	471,115	343,412	463,953	464,590	381,128	300,172	291,666	180,544	212,677
other current liabilities	3,673,693	3,864,093	3,603,752	3,164,091	3,024,195	546,684	420,315	480,394	694,373	615,174	394,276	334,686	480,883	423,229	486,649
total current liabilities	5,689,224	5,451,236	5,498,432	5,215,242	5,406,626	3,977,244	4,118,971	3,176,222	4,378,803	4,278,000	3,342,622	3,122,506	3,400,978	2,738,369	2,217,890
loans	198,613	315,280	441,667	50,000
hp & lease commitments	348,230	648,700	951,883	865,700	1,101,800	505,843	837,459	446,170	999,419	803,536	769,871	670,605	464,438	214,922	372,132
Accruals and Deferred Income												201,667
other liabilities			2,671	128,170	89,835
provisions	463,539	400,386	452,882	306,154	115,093	124,609	149,460	133,830	204,619	148,678	104,200	101,246	134,192	154,872	136,818
total long term liabilities	1,010,382	1,364,366	1,849,103	1,350,024	1,306,728	630,452	986,919	580,000	1,204,038	952,214	874,071	973,518	598,630	369,794	508,950
total liabilities	6,699,606	6,815,602	7,347,535	6,565,266	6,713,354	4,607,696	5,105,890	3,756,222	5,582,841	5,230,214	4,216,693	4,096,024	3,999,608	3,108,163	2,726,840
net assets	3,298,081	3,057,138	2,508,012	2,636,706	3,372,694	1,868,126	1,992,205	2,107,769	2,146,103	1,978,272	1,828,095	1,321,210	1,672,997	1,538,341	1,691,337
total shareholders funds	3,298,081	3,057,138	2,508,012	2,636,706	3,372,694	1,868,126	1,992,205	2,107,769	2,146,103	1,978,272	1,828,095	1,321,210	1,672,997	1,538,341	1,691,337

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	633,811	647,865	74,543	-372,300	243,703	-200,392	-146,396	-65,248	650,843	206,388	273,053	249,510	444,899	267,254	68,756
Depreciation	360,621	333,254	353,436	361,212	359,632	757,278	670,551	346,906	729,663	699,301	589,875	576,956	504,994	461,349	461,365
Amortisation
Tax	99,128	102,605	-53,265	-194,396	190,044	238,730	17,942	37,217	-110,641	-44,478	-21,478	-28,218	-83,284	-82,874	39,256
Stock	252,720	-683,060	567,986	-59,446	7,894	51,056	119,205	355,599	25,065	66,654	16,562	-326,259	74,513	59,754	368,217
Debtors	-232,857	684,528	348,571	-853,788	2,587,985	-35,440	509,497	-976,526	95,780	840,170	247,594	122,467	440,133	467,999	1,445,116
Creditors	428,388	-440,415	493,997	-181,280	150,556	-136,128	359,821	-391,317	85,634	261,493	57,371	-163,919	159,588	228,584	691,680
Accruals and Deferred Income	-190,400	260,341	439,661	139,896	2,477,511	126,369	-60,079	-213,979	79,199	220,898	-142,077	55,470	57,654	-63,420	486,649
Deferred Taxes & Provisions	63,153	-52,496	146,728	191,061	-9,516	-24,851	15,630	-70,789	55,941	44,478	2,954	-32,946	-20,680	18,054	136,818
Cash flow from operations	1,374,838	849,686	538,543	857,427	816,051	745,390	228,767	263,717	1,369,794	481,256	495,542	860,645	548,525	301,194	71,191
Investing Activities
capital expenditure	-479,543	-19,120	-25,571	-33,728	-1,514,818	-344,736	-1,273,187	-95,233	-338,008	-197,997	-364,403	-283,064	-260,953	-180,988	-469,249
Change in Investments				250,000											100
cash flow from investments	-479,543	-19,120	-25,571	-283,728	-1,514,818	-344,736	-1,273,187	-95,233	-338,008	-197,997	-364,403	-283,064	-260,953	-180,988	-469,349
Financing Activities
Bank loans										-1,591,616	85,404	-6,437	300,615	398,330	813,704
Group/Directors Accounts			-614,268	-150,000	742,810	19,160									2,298
Other Short Term Loans		116,665
Long term loans	-116,667	-126,387	391,667	50,000
Hire Purchase and Lease Commitments	-300,470	-286,970	49,983	-236,100	533,115	-425,089	518,992	-673,790	195,246	117,127	180,222	214,673	360,638	-189,343	584,809
other long term liabilities		-2,671	-125,499	38,335	89,835
share issue	-250,000				1,248,978	-73,666	91,667	76,503	-271,668	75,000	330,001	-211,167	152,967	-51,867	1,634,592
interest	-241,996	-201,344	-149,972	-169,292	-178,157	-88,751	-78,777	-86,806	-100,703	-86,733	-74,691	-73,586	-71,926	-65,509	-51,267
cash flow from financing	-909,133	-500,707	-448,089	-467,057	2,436,581	-568,346	531,882	-684,093	-177,125	-1,486,222	520,936	-76,517	742,294	91,611	2,984,136
cash and cash equivalents
cash	-13,838	329,859	64,883	106,642	-140,839	-225,347	2,766	-624,902	273,772	99,592	59,727	-377,873	110,465	-22,541	892,132
overdraft					-1,878,653	-57,655	515,304	-476,744	-63,393	1,961,141	-63,205	29,575	33,630	-10,882	10,882
change in cash	-13,838	329,859	64,883	106,642	1,737,814	-167,692	-512,538	-148,158	337,165	-1,861,549	122,932	-407,448	76,835	-11,659	881,250

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WALLACE, MCDOWALL LIMITED group structure

Wallace, Mcdowall Limited has 1 subsidiary company.

Ultimate parent company

DEMLIN LLP

OC433658

TARBOLTON ESTATES LIMITED

SC315711

2 parents

WALLACE, MCDOWALL LIMITED

SC046491

1 subsidiary

SPS (AYR) LIMITED

SC265805

WALLACE, MCDOWALL LIMITED Shareholders

the wallace steel group limited

100%

Wallace, Mcdowall Limited currently has 2 directors. The longest serving directors include Ms Yvonne Ward (Jul 2019) and Mr John Gemmell (Apr 2022).

officer	country	age	start	end	role
Ms Yvonne Ward		51 years	Jul 2019	-	Director
Mr John Gemmell		57 years	Apr 2022	-	Director

P&L

December 2023

turnover

14m

+3%

operating profit

633.8k

-2%

gross margin

21%

+10.32%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

3.3m

+0.08%

total assets

10m

+0.01%

cash

534.5k

-0.03%

net assets

Total assets minus all liabilities

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company number

SC046491

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

24330 - Cold forming or folding

incorporation date

April 1969

ultimate parent company

DEMLIN LLP

previous names

N/A

address

bld 11c spirit aerosystems, tarbolton road, monkton, ayrshire, KA9 2RR

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 16 charges/mortgages relating to wallace, mcdowall limited. Currently there are 1 open charges and 15 have been satisfied in the past.

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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wallace, mcdowall limited Company Information

wallace, mcdowall limited Estimated Valuation

wallace, mcdowall limited Estimated Valuation

wallace, mcdowall limited Estimated Valuation

Wallace, Mcdowall Limited Overview

Wallace, Mcdowall Limited Health Check

WALLACE, MCDOWALL LIMITED financials

wallace, mcdowall limited Credit Report and Business Information

Wallace, Mcdowall Limited Competitor Analysis

wallace, mcdowall limited Ownership

wallace, mcdowall limited directors

wallace, mcdowall limited company details

wallace, mcdowall limited Charges & Mortgages

wallace, mcdowall limited Capital Raised & Share Issues BETA

wallace, mcdowall limited Companies House Filings - See Documents