mid argyll community enterprises limited
mid argyll community enterprises limited Company Information
Group Structure
View All
Industry
Operation of sports facilities
Registered Address
mid argyll swimming pool, oban road, lochgilphead, PA31 8NG
Website
https://www.macpool.org.ukmid argyll community enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of MID ARGYLL COMMUNITY ENTERPRISES LIMITED at £285.8k based on a Turnover of £362.5k and 0.79x industry multiple (adjusted for size and gross margin).
mid argyll community enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of MID ARGYLL COMMUNITY ENTERPRISES LIMITED at £0 based on an EBITDA of £-42.3k and a 3.53x industry multiple (adjusted for size and gross margin).
mid argyll community enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of MID ARGYLL COMMUNITY ENTERPRISES LIMITED at £4.2m based on Net Assets of £2.3m and 1.82x industry multiple (adjusted for liquidity).
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Mid Argyll Community Enterprises Limited Overview
Mid Argyll Community Enterprises Limited is a live company located in lochgilphead, PA31 8NG with a Companies House number of SC137229. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in March 1992, it's largest shareholder is unknown. Mid Argyll Community Enterprises Limited is a mature, micro sized company, Pomanda has estimated its turnover at £362.5k with declining growth in recent years.
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Mid Argyll Community Enterprises Limited Health Check
Pomanda's financial health check has awarded Mid Argyll Community Enterprises Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £362.5k, make it smaller than the average company (£746.6k)
£362.5k - Mid Argyll Community Enterprises Limited
£746.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (12.8%)
-15% - Mid Argyll Community Enterprises Limited
12.8% - Industry AVG
Production
with a gross margin of 56.8%, this company has a comparable cost of product (56.8%)
56.8% - Mid Argyll Community Enterprises Limited
56.8% - Industry AVG
Profitability
an operating margin of -31% make it less profitable than the average company (2.3%)
-31% - Mid Argyll Community Enterprises Limited
2.3% - Industry AVG
Employees
with 14 employees, this is below the industry average (25)
14 - Mid Argyll Community Enterprises Limited
25 - Industry AVG
Pay Structure
on an average salary of £14.1k, the company has a lower pay structure (£19k)
£14.1k - Mid Argyll Community Enterprises Limited
£19k - Industry AVG
Efficiency
resulting in sales per employee of £25.9k, this is less efficient (£42.9k)
£25.9k - Mid Argyll Community Enterprises Limited
£42.9k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (7 days)
5 days - Mid Argyll Community Enterprises Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (42 days)
34 days - Mid Argyll Community Enterprises Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mid Argyll Community Enterprises Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 195 weeks, this is more cash available to meet short term requirements (47 weeks)
195 weeks - Mid Argyll Community Enterprises Limited
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.2%, this is a lower level of debt than the average (38.8%)
6.2% - Mid Argyll Community Enterprises Limited
38.8% - Industry AVG
MID ARGYLL COMMUNITY ENTERPRISES LIMITED financials
Mid Argyll Community Enterprises Limited's latest turnover from March 2024 is £362.5 thousand and the company has net assets of £2.3 million. According to their latest financial statements, Mid Argyll Community Enterprises Limited has 14 employees and maintains cash reserves of £185.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 362,480 | 307,466 | 1,552,983 | 591,080 | 617,770 | 328,449 | 300,216 | 270,454 | 241,302 | 233,704 | 235,032 | 219,798 | 244,825 | 250,177 | 183,290 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 4,367 | 1,743 | 155 | ||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -100,586 | -149,515 | 1,336,013 | 323,529 | 301,316 | 16,262 | -12,851 | 9,564 | 5,255 | -1,345 | -4,266 | -4,833 | 20,352 | 36,079 | 9,653 |
| Tax | |||||||||||||||
| Profit After Tax | -100,586 | -149,515 | 1,336,013 | 323,529 | 301,316 | 16,262 | -12,851 | 9,564 | 5,255 | -1,345 | -4,266 | -4,833 | 20,352 | 36,079 | 9,653 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -100,586 | -149,515 | 1,336,013 | 323,529 | 301,316 | 16,262 | -12,851 | 9,564 | 5,255 | -1,345 | -4,266 | -4,833 | 20,352 | 36,079 | 9,653 |
| Employee Costs | 196,804 | 196,038 | 122,968 | 133,204 | 150,685 | 137,721 | 136,302 | 130,568 | 115,272 | 108,472 | 102,306 | 103,651 | 116,447 | 113,557 | 86,107 |
| Number Of Employees | 14 | 15 | 7 | 10 | 13 | 13 | 12 | 13 | 13 | 25 | 11 | 13 | 10 | 9 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,239,938 | 2,330,980 | 2,197,099 | 919,344 | 807,763 | 544,554 | 569,887 | 589,030 | 463,937 | 452,418 | 471,307 | 490,196 | 505,792 | 508,836 | 522,811 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 800 | ||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,239,938 | 2,330,980 | 2,197,099 | 919,344 | 807,763 | 544,554 | 569,887 | 589,830 | 463,937 | 452,418 | 471,307 | 490,196 | 505,792 | 508,836 | 522,811 |
| Stock & work in progress | 133 | 421 | 191 | 333 | 146 | 136 | 232 | 253 | 122 | 164 | |||||
| Trade Debtors | 5,183 | 22,524 | 60,339 | 30,463 | 9,543 | 6,537 | 6,456 | 6,847 | 2,087 | 2,830 | 4,920 | 965 | 1,511 | 9,028 | 1,578 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 18,094 | 14,109 | 59,754 | 16,378 | 4,456 | 8,010 | 12,445 | 6,264 | 1,520 | 1,239 | 1,384 | 5,104 | |||
| Cash | 185,871 | 265,521 | 578,898 | 317,394 | 147,665 | 128,286 | 88,498 | 93,767 | 175,512 | 145,437 | 111,442 | 94,639 | 80,209 | 69,694 | 22,460 |
| misc current assets | |||||||||||||||
| total current assets | 209,148 | 302,154 | 698,991 | 364,235 | 161,664 | 142,966 | 107,820 | 107,069 | 179,452 | 149,652 | 116,498 | 97,220 | 87,077 | 78,844 | 24,202 |
| total assets | 2,449,086 | 2,633,134 | 2,896,090 | 1,283,579 | 969,427 | 687,520 | 677,707 | 696,899 | 643,389 | 602,070 | 587,805 | 587,416 | 592,869 | 587,680 | 547,013 |
| Bank overdraft | |||||||||||||||
| Bank loan | 4,599 | ||||||||||||||
| Trade Creditors | 14,607 | 78,975 | 313,683 | 19,684 | 1,792 | 18,924 | 3,197 | 29,654 | 6,101 | 11,734 | 7,385 | 2,971 | 2,839 | 413 | |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 18,318 | 17,928 | 17,056 | 15,436 | 13,870 | 8,748 | |||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 34,711 | 34,896 | 15,673 | 15,546 | 13,074 | 5,121 | 5,177 | 9,018 | 13,850 | 8,277 | 10,863 | 10,622 | 11,374 | 29,376 | 12,276 |
| total current liabilities | 49,318 | 113,871 | 347,674 | 53,158 | 31,922 | 39,481 | 22,244 | 47,420 | 24,550 | 20,011 | 18,248 | 13,593 | 14,213 | 29,376 | 12,689 |
| loans | 18,318 | 36,246 | 54,092 | 71,093 | 56,839 | 32,325 | |||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 9,165 | 16,815 | 1,116 | 816 | 13,501 | 7,505 | 13,047 | 13,847 | |||||||
| other liabilities | 93,404 | 104,663 | |||||||||||||
| provisions | 12,099 | ||||||||||||||
| total long term liabilities | 102,569 | 121,478 | 1,116 | 19,134 | 49,747 | 61,597 | 71,093 | 56,839 | 45,372 | 13,847 | 12,099 | ||||
| total liabilities | 151,887 | 235,349 | 348,790 | 72,292 | 81,669 | 101,078 | 93,337 | 104,259 | 69,922 | 33,858 | 18,248 | 13,593 | 14,213 | 29,376 | 24,788 |
| net assets | 2,297,199 | 2,397,785 | 2,547,300 | 1,211,287 | 887,758 | 586,442 | 584,370 | 592,640 | 573,467 | 568,212 | 569,557 | 573,823 | 578,656 | 558,304 | 522,225 |
| total shareholders funds | 2,297,199 | 2,397,785 | 2,547,300 | 1,211,287 | 887,758 | 586,442 | 584,370 | 592,640 | 573,467 | 568,212 | 569,557 | 573,823 | 578,656 | 558,304 | 522,225 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 70,168 | 70,617 | 31,297 | 33,883 | 37,012 | 37,012 | 34,676 | 25,156 | 25,777 | 18,889 | 18,889 | 18,889 | 19,078 | 16,813 | 16,278 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -133 | -288 | 230 | -142 | 187 | 10 | -96 | -21 | 131 | -42 | 164 | ||||
| Debtors | -13,356 | -83,460 | 73,252 | 32,842 | -548 | -4,354 | 5,790 | 9,504 | -462 | -851 | 2,571 | -4,266 | -2,413 | 7,450 | 1,578 |
| Creditors | -64,368 | -234,708 | 293,999 | 17,892 | -17,132 | 15,727 | -26,457 | 23,553 | -5,633 | 4,349 | 4,414 | 132 | 2,839 | -413 | 413 |
| Accruals and Deferred Income | -7,835 | 34,922 | 427 | -10,213 | 13,949 | 7,449 | -3,841 | -17,879 | 4,773 | 11,261 | 241 | -752 | -18,002 | 17,100 | 12,276 |
| Deferred Taxes & Provisions | -12,099 | 12,099 | |||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -800 | 800 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -4,599 | 4,599 | |||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -18,318 | 390 | 872 | 1,620 | 1,566 | 5,122 | 8,748 | ||||||||
| Long term loans | -18,318 | -17,928 | -17,846 | -17,001 | 14,254 | 24,514 | 32,325 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -11,259 | 104,663 | |||||||||||||
| share issue | |||||||||||||||
| interest | -4,367 | -1,743 | -155 | ||||||||||||
| cash flow from financing | -11,259 | 86,345 | -17,928 | -17,056 | -16,226 | -29,625 | 19,590 | 36,529 | 36,769 | 512,572 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | -79,650 | -313,377 | 261,504 | 169,729 | 19,379 | 39,788 | -5,269 | -81,745 | 30,075 | 33,995 | 16,803 | 14,430 | 10,515 | 47,234 | 22,460 |
| overdraft | |||||||||||||||
| change in cash | -79,650 | -313,377 | 261,504 | 169,729 | 19,379 | 39,788 | -5,269 | -81,745 | 30,075 | 33,995 | 16,803 | 14,430 | 10,515 | 47,234 | 22,460 |
mid argyll community enterprises limited Credit Report and Business Information
Mid Argyll Community Enterprises Limited Competitor Analysis
Perform a competitor analysis for mid argyll community enterprises limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in PA31 area or any other competitors across 12 key performance metrics.
mid argyll community enterprises limited Ownership
MID ARGYLL COMMUNITY ENTERPRISES LIMITED group structure
Mid Argyll Community Enterprises Limited has no subsidiary companies.
Ultimate parent company
MID ARGYLL COMMUNITY ENTERPRISES LIMITED
SC137229
mid argyll community enterprises limited directors
Mid Argyll Community Enterprises Limited currently has 9 directors. The longest serving directors include Mr Colin Campbell (Mar 2017) and Mr Mark Cameron (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Campbell | Scotland | 79 years | Mar 2017 | - | Director |
| Mr Mark Cameron | Scotland | 45 years | Oct 2021 | - | Director |
| Mrs Alison Whitefield | Scotland | 60 years | Oct 2021 | - | Director |
| Mr Stewart Turner | Scotland | 65 years | Nov 2022 | - | Director |
| Mrs Kate MacAulay | Scotland | 60 years | Nov 2022 | - | Director |
| Ms Fiorna Cairns Smith | Scotland | 71 years | Apr 2024 | - | Director |
| Mr Andrew Milne | Scotland | 64 years | Jan 2025 | - | Director |
| Miss Jane Smee | Scotland | 72 years | Jan 2025 | - | Director |
| Miss Fiona MacAlpine | Scotland | 52 years | Jan 2025 | - | Director |
P&L
March 2024turnover
362.5k
+18%
operating profit
-112.4k
0%
gross margin
56.8%
-0.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
2.3m
-0.04%
total assets
2.4m
-0.07%
cash
185.9k
-0.3%
net assets
Total assets minus all liabilities
mid argyll community enterprises limited company details
company number
SC137229
Type
Private Ltd By Guarantee w/o Share Cap
industry
93110 - Operation of sports facilities
incorporation date
March 1992
age
33
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
LIAN D C WEBSTER
auditor
-
address
mid argyll swimming pool, oban road, lochgilphead, PA31 8NG
Bank
THE COOPERATIVE BANK
Legal Advisor
-
mid argyll community enterprises limited 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 2 charges/mortgages relating to mid argyll community enterprises limited. Currently there are 2 open charges and 0 have been satisfied in the past.
mid argyll community enterprises limited 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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mid argyll community enterprises limited Companies House Filings - See Documents
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