5th floor, 130, st. vincent street, glasgow, G2 5HF
Website
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mccormack developments limitedEstimated Valuation
£580.2k
Pomanda estimates the enterprise value of MCCORMACK DEVELOPMENTS LIMITED at £580.2k based on a Turnover of £3m and 0.2x industry multiple (adjusted for size and gross margin).
mccormack developments limitedEstimated Valuation
£454k
Pomanda estimates the enterprise value of MCCORMACK DEVELOPMENTS LIMITED at £454k based on an EBITDA of £148k and a 3.07x industry multiple (adjusted for size and gross margin).
mccormack developments limitedEstimated Valuation
£1m
Pomanda estimates the enterprise value of MCCORMACK DEVELOPMENTS LIMITED at £1m based on Net Assets of £543.2k and 1.9x industry multiple (adjusted for liquidity).
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Mccormack Developments LimitedOverview
Mccormack Developments Limited is a dissolved company that was located in glasgow, G2 5HF with a Companies House number of SC184565. It operated in the construction of roads and motorways sector, SIC Code 42110. Founded in April 1998, it's largest shareholder was
david mccormack
with a 99% stake. The last turnover for Mccormack Developments Limited was estimated at £3m.
Pomanda's financial health check has awarded Mccormack Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £3m, make it smaller than the average company (£9.5m)
£3m - Mccormack Developments Limited
£9.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Mccormack Developments Limited
- - Industry AVG
Production
with a gross margin of 10.6%, this company has a higher cost of product (16.1%)
10.6% - Mccormack Developments Limited
16.1% - Industry AVG
Profitability
an operating margin of 3.7% make it as profitable than the average company (4.3%)
3.7% - Mccormack Developments Limited
4.3% - Industry AVG
Employees
with 13 employees, this is below the industry average (77)
13 - Mccormack Developments Limited
77 - Industry AVG
Pay Structure
on an average salary of £35.7k, the company has an equivalent pay structure (£35.7k)
£35.7k - Mccormack Developments Limited
£35.7k - Industry AVG
Efficiency
resulting in sales per employee of £228.1k, this is more efficient (£169.7k)
£228.1k - Mccormack Developments Limited
£169.7k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (57 days)
71 days - Mccormack Developments Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (43 days)
99 days - Mccormack Developments Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is more than average (10 days)
45 days - Mccormack Developments Limited
10 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mccormack Developments Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.8%, this is a lower level of debt than the average (70%)
60.8% - Mccormack Developments Limited
70% - Industry AVG
MCCORMACK DEVELOPMENTS LIMITED financials
EXPORT
Mccormack Developments Limited's latest turnover from April 2012 is estimated at £3 million and the company has net assets of £543.2 thousand. According to their latest financial statements, we estimate that Mccormack Developments Limited has 13 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2012
Apr 2011
Apr 2010
Turnover
2,965,339
2,236,878
1,577,256
Other Income Or Grants
Cost Of Sales
2,651,560
1,972,101
1,402,495
Gross Profit
313,779
264,777
174,762
Admin Expenses
203,536
157,309
-352,042
Operating Profit
110,243
107,468
526,804
Interest Payable
Interest Receivable
260
297
37
Pre-Tax Profit
110,503
107,765
526,840
Tax
-26,521
-28,019
-147,515
Profit After Tax
83,982
79,746
379,325
Dividends Paid
Retained Profit
83,982
79,746
379,325
Employee Costs
464,494
386,105
256,458
Number Of Employees
13
11
7
EBITDA*
147,984
144,189
556,005
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
478,274
373,770
265,517
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
478,274
373,770
265,517
Stock & work in progress
330,514
91,943
77,945
Trade Debtors
577,342
499,925
422,091
Group Debtors
Misc Debtors
Cash
103,981
14,621
misc current assets
total current assets
907,856
695,849
514,657
total assets
1,386,130
1,069,619
780,174
Bank overdraft
Bank loan
Trade Creditors
722,838
502,951
318,145
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
722,838
502,951
318,145
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
120,139
107,497
82,604
provisions
total long term liabilities
120,139
107,497
82,604
total liabilities
842,977
610,448
400,749
net assets
543,153
459,171
379,425
total shareholders funds
543,153
459,171
379,425
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
110,243
107,468
526,804
Depreciation
37,741
36,721
29,201
Amortisation
Tax
-26,521
-28,019
-147,515
Stock
238,571
13,998
77,945
Debtors
77,417
77,834
422,091
Creditors
219,887
184,806
318,145
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
25,362
209,144
226,599
Investing Activities
capital expenditure
-142,245
-144,974
-294,718
Change in Investments
cash flow from investments
-142,245
-144,974
-294,718
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
12,642
24,893
82,604
share issue
100
interest
260
297
37
cash flow from financing
12,902
25,190
82,741
cash and cash equivalents
cash
-103,981
89,360
14,621
overdraft
change in cash
-103,981
89,360
14,621
mccormack developments limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mccormack developments limited. Get real-time insights into mccormack developments limited's credit score, group structure and payment trends.
Perform a competitor analysis for mccormack developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in G 2 area or any other competitors across 12 key performance metrics.
mccormack developments limited Ownership
MCCORMACK DEVELOPMENTS LIMITED group structure
Mccormack Developments Limited has no subsidiary companies.
Ultimate parent company
MCCORMACK DEVELOPMENTS LIMITED
SC184565
MCCORMACK DEVELOPMENTS LIMITED Shareholders
The largest shareholders in Mccormack Developments Limited include David Mccormack and Janie Mccormack.
david mccormack
99%
janie mccormack
1%
mccormack developments limited directors
Mccormack Developments Limited currently has 2 directors.
The longest serving directors include
Mr David McCormack (Apr 1998) and
Mrs Janie McCormack (Sep 2002).
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 5 charges/mortgages relating to mccormack developments limited. Currently there are 4 open charges and 1 have been satisfied in the past.
mccormack developments 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.
Click to start generating capital raising & share issue transactions for MCCORMACK DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
mccormack developments limitedCompanies House Filings - See Documents
