mackays stores group limited
mackays stores group limited Company Information
Company Number
SC223864
Next Accounts
May 2025
Shareholders
trustees of the iain mcgeoch 2020 n trust
trustees of the iain mcgeoch 2020 a trust
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
lochlea farm craigie, kilmarnock, KA1 5NN
Website
http://mandco.commackays stores group limited Estimated Valuation
Pomanda estimates the enterprise value of MACKAYS STORES GROUP LIMITED at £150.8m based on a Turnover of £120m and 1.26x industry multiple (adjusted for size and gross margin).
mackays stores group limited Estimated Valuation
Pomanda estimates the enterprise value of MACKAYS STORES GROUP LIMITED at £0 based on an EBITDA of £-22m and a 9.95x industry multiple (adjusted for size and gross margin).
mackays stores group limited Estimated Valuation
Pomanda estimates the enterprise value of MACKAYS STORES GROUP LIMITED at £30.6m based on Net Assets of £14.5m and 2.11x industry multiple (adjusted for liquidity).
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Mackays Stores Group Limited Overview
Mackays Stores Group Limited is a live company located in kilmarnock, KA1 5NN with a Companies House number of SC223864. It operates in the activities of head offices sector, SIC Code 70100. Founded in October 2001, it's largest shareholder is trustees of the iain mcgeoch 2020 n trust with a 28.2% stake. Mackays Stores Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £120m with declining growth in recent years.
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Mackays Stores Group Limited Health Check
Pomanda's financial health check has awarded Mackays Stores Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £120m, make it larger than the average company (£19.6m)
£120m - Mackays Stores Group Limited
£19.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (5.5%)
-6% - Mackays Stores Group Limited
5.5% - Industry AVG
Production
with a gross margin of 41.6%, this company has a lower cost of product (33.4%)
41.6% - Mackays Stores Group Limited
33.4% - Industry AVG
Profitability
an operating margin of -20.8% make it less profitable than the average company (5.8%)
-20.8% - Mackays Stores Group Limited
5.8% - Industry AVG
Employees
with 608 employees, this is above the industry average (110)
- Mackays Stores Group Limited
110 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has an equivalent pay structure (£47.2k)
- Mackays Stores Group Limited
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £197.3k, this is equally as efficient (£197.5k)
- Mackays Stores Group Limited
£197.5k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (46 days)
0 days - Mackays Stores Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (44 days)
0 days - Mackays Stores Group Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mackays Stores Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Mackays Stores Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.8%, this is a similar level of debt than the average (56.2%)
53.8% - Mackays Stores Group Limited
56.2% - Industry AVG
MACKAYS STORES GROUP LIMITED financials
Mackays Stores Group Limited's latest turnover from August 2023 is £120 million and the company has net assets of £14.5 million. According to their latest financial statements, we estimate that Mackays Stores Group Limited has 608 employees and maintains cash reserves of £691 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 119,954,000 | 110,263,000 | 62,094,000 | 143,012,000 | 167,655,000 | 174,214,000 | 165,611,000 | 163,177,000 | 160,403,000 | 158,289,000 | 168,911,000 | 173,339,000 | 186,939,000 | 181,905,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 70,035,000 | 80,205,000 | 67,622,000 | 130,524,000 | 140,792,000 | 146,060,000 | 134,765,000 | 134,848,000 | 135,387,000 | 134,468,000 | 150,129,000 | 155,696,000 | 150,482,000 | 147,961,000 |
| Gross Profit | 49,919,000 | 30,058,000 | -5,528,000 | 12,488,000 | 26,863,000 | 28,154,000 | 30,846,000 | 28,329,000 | 25,016,000 | 23,821,000 | 18,782,000 | 17,643,000 | 36,457,000 | 33,944,000 |
| Admin Expenses | 74,832,000 | 21,653,000 | 14,827,000 | 22,765,000 | 26,526,000 | 23,493,000 | 26,182,000 | 25,310,000 | 25,341,000 | 18,896,000 | 19,677,000 | 23,982,000 | 23,039,000 | 21,170,000 |
| Operating Profit | -24,913,000 | 8,405,000 | -20,355,000 | -10,277,000 | 337,000 | 4,661,000 | 4,664,000 | 3,019,000 | -325,000 | 4,925,000 | -895,000 | -6,339,000 | 13,418,000 | 12,774,000 |
| Interest Payable | 1,512,000 | 1,364,000 | 1,345,000 | 635,000 | 3,459,000 | 3,821,000 | 872,000 | 1,374,000 | 5,494,000 | 6,131,000 | 6,318,000 | 5,890,000 | 5,587,000 | 4,940,000 |
| Interest Receivable | 100,000 | 31,000 | 2,760,000 | 2,711,000 | 2,000 | 5,000 | 3,494,000 | 4,031,000 | 3,946,000 | 3,897,000 | 3,599,000 | 2,893,000 | ||
| Pre-Tax Profit | -26,425,000 | 6,320,000 | -25,308,000 | -11,751,000 | 361,000 | 3,637,000 | 3,316,000 | 1,510,000 | -2,903,000 | 2,026,000 | -2,335,000 | -8,622,000 | 11,484,000 | 10,404,000 |
| Tax | 991,000 | -2,068,000 | 1,297,000 | -141,000 | -747,000 | -1,419,000 | -1,423,000 | -1,160,000 | -325,000 | -1,973,000 | -446,000 | 1,202,000 | -4,498,000 | -4,298,000 |
| Profit After Tax | -25,434,000 | 4,252,000 | -24,011,000 | -11,892,000 | -386,000 | 2,218,000 | 1,893,000 | 350,000 | -3,228,000 | 53,000 | -2,781,000 | -7,420,000 | 6,986,000 | 6,106,000 |
| Dividends Paid | 1,973,000 | 1,954,000 | ||||||||||||
| Retained Profit | -25,434,000 | 4,252,000 | -24,011,000 | -11,892,000 | -386,000 | 2,218,000 | 1,893,000 | 350,000 | -3,228,000 | 53,000 | -2,781,000 | -9,393,000 | 5,032,000 | 6,106,000 |
| Employee Costs | 26,869,000 | 32,400,000 | 32,472,000 | 41,600,000 | 45,083,000 | 47,096,000 | 43,972,000 | 43,244,000 | 42,942,000 | 41,219,000 | 41,359,000 | 45,074,000 | 44,925,000 | 42,926,000 |
| Number Of Employees | 952 | 1,121 | 1,337 | 1,476 | 1,556 | 1,523 | 1,557 | 1,636 | 1,654 | 1,740 | 3,852 | 3,794 | 3,463 | |
| EBITDA* | -21,961,000 | 12,859,000 | -15,121,000 | -4,114,000 | 6,766,000 | 10,844,000 | 12,560,000 | 9,604,000 | 6,627,000 | 12,804,000 | 9,215,000 | 4,922,000 | 24,772,000 | 23,974,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 51,198,000 | 55,912,000 | 73,088,000 | 77,012,000 | 85,849,000 | 78,600,000 | 77,984,000 | 80,561,000 | 82,089,000 | 88,927,000 | 99,312,000 | 105,780,000 | 106,051,000 | |
| Intangible Assets | 10,796,000 | 13,319,000 | 2,590,000 | 3,929,000 | 5,268,000 | 6,607,000 | 7,946,000 | 9,285,000 | 10,624,000 | 11,963,000 | 13,302,000 | 14,641,000 | 15,980,000 | |
| Investments & Other | 28,190,000 | 9,815,000 | 421,000 | 421,000 | 421,000 | 421,000 | 94,000 | |||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 28,190,000 | 71,809,000 | 69,231,000 | 75,678,000 | 81,362,000 | 91,538,000 | 85,628,000 | 86,351,000 | 89,940,000 | 92,713,000 | 100,890,000 | 112,614,000 | 120,421,000 | 122,031,000 |
| Stock & work in progress | 23,715,000 | 14,928,000 | 28,028,000 | 26,070,000 | 29,027,000 | 24,732,000 | 22,787,000 | 23,321,000 | 22,179,000 | 24,810,000 | 25,599,000 | 24,434,000 | 21,799,000 | |
| Trade Debtors | 148,000 | 1,151,000 | 1,048,000 | 450,000 | 575,000 | 797,000 | 1,362,000 | 1,129,000 | 1,236,000 | 1,081,000 | 592,000 | 656,000 | 734,000 | 617,000 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 2,420,000 | 2,265,000 | 3,378,000 | 3,516,000 | 3,355,000 | 2,933,000 | 3,171,000 | 2,976,000 | 3,746,000 | 3,972,000 | 3,536,000 | 4,786,000 | 3,476,000 | 3,463,000 |
| Cash | 691,000 | 4,705,000 | 4,560,000 | 125,000 | 3,531,000 | 498,000 | 150,000 | 1,678,000 | 954,000 | 317,000 | 98,000 | 1,194,000 | 1,502,000 | 10,307,000 |
| misc current assets | 264,000 | 720,000 | 1,123,000 | 633,000 | 222,000 | 187,000 | ||||||||
| total current assets | 3,259,000 | 31,836,000 | 23,914,000 | 32,119,000 | 33,795,000 | 33,255,000 | 30,135,000 | 29,693,000 | 29,890,000 | 27,771,000 | 29,223,000 | 32,235,000 | 30,146,000 | 36,186,000 |
| total assets | 31,449,000 | 103,645,000 | 93,145,000 | 107,797,000 | 115,157,000 | 124,793,000 | 115,763,000 | 116,044,000 | 119,830,000 | 120,484,000 | 130,113,000 | 144,849,000 | 150,567,000 | 158,217,000 |
| Bank overdraft | 3,386,000 | 10,550,000 | 2,042,000 | 298,000 | 417,000 | 168,000 | ||||||||
| Bank loan | 996,000 | 4,889,000 | 441,000 | 3,387,000 | ||||||||||
| Trade Creditors | 110,000 | 4,676,000 | 7,093,000 | 4,319,000 | 4,098,000 | 7,522,000 | 6,975,000 | 5,540,000 | 5,217,000 | 5,384,000 | 5,114,000 | 5,822,000 | 6,706,000 | 7,580,000 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | 541,000 | 963,000 | ||||||||||||
| hp & lease commitments | 137,000 | 227,000 | 159,000 | 149,000 | 257,000 | 243,000 | 233,000 | 214,000 | 203,000 | |||||
| other current liabilities | 16,535,000 | 13,019,000 | 12,968,000 | 7,498,000 | 11,097,000 | 8,694,000 | 9,768,000 | 9,099,000 | 8,765,000 | 8,260,000 | 8,842,000 | 9,345,000 | 11,879,000 | 13,344,000 |
| total current liabilities | 16,645,000 | 21,218,000 | 30,838,000 | 14,559,000 | 15,642,000 | 17,436,000 | 17,403,000 | 15,040,000 | 15,192,000 | 18,736,000 | 14,397,000 | 18,554,000 | 18,585,000 | 20,924,000 |
| loans | 20,050,000 | 13,950,000 | 19,198,000 | 11,943,000 | 19,713,000 | 10,209,000 | 13,152,000 | 18,189,000 | 11,764,000 | 22,434,000 | 30,000,000 | 25,000,000 | 36,008,000 | |
| hp & lease commitments | 86,000 | 237,000 | 379,000 | 629,000 | 641,000 | 111,000 | 326,000 | |||||||
| Accruals and Deferred Income | 7,000 | 23,000 | 39,000 | 67,000 | 95,000 | 123,000 | 151,000 | 179,000 | 207,000 | |||||
| other liabilities | ||||||||||||||
| provisions | 264,000 | 835,000 | 186,000 | 956,000 | 1,273,000 | 1,545,000 | 1,599,000 | 2,210,000 | 2,061,000 | 1,719,000 | 1,597,000 | 2,239,000 | 3,856,000 | 3,895,000 |
| total long term liabilities | 264,000 | 20,885,000 | 15,334,000 | 23,434,000 | 18,829,000 | 26,055,000 | 22,705,000 | 27,467,000 | 33,814,000 | 24,593,000 | 36,952,000 | 45,606,000 | 36,271,000 | 47,772,000 |
| total liabilities | 16,909,000 | 42,103,000 | 46,172,000 | 37,993,000 | 34,471,000 | 43,491,000 | 40,108,000 | 42,507,000 | 49,006,000 | 43,329,000 | 51,349,000 | 64,160,000 | 54,856,000 | 68,696,000 |
| net assets | 14,540,000 | 61,542,000 | 46,973,000 | 69,804,000 | 80,686,000 | 81,302,000 | 75,655,000 | 73,537,000 | 70,824,000 | 77,155,000 | 78,764,000 | 80,689,000 | 95,711,000 | 89,521,000 |
| total shareholders funds | 14,540,000 | 61,542,000 | 46,973,000 | 69,804,000 | 80,686,000 | 81,302,000 | 75,655,000 | 73,537,000 | 70,824,000 | 77,155,000 | 78,764,000 | 80,689,000 | 95,711,000 | 89,521,000 |
| Aug 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -24,913,000 | 8,405,000 | -20,355,000 | -10,277,000 | 337,000 | 4,661,000 | 4,664,000 | 3,019,000 | -325,000 | 4,925,000 | -895,000 | -6,339,000 | 13,418,000 | 12,774,000 |
| Depreciation | 1,973,000 | 1,931,000 | 3,240,000 | 4,824,000 | 5,090,000 | 4,844,000 | 6,557,000 | 5,231,000 | 5,613,000 | 6,540,000 | 8,771,000 | 9,922,000 | 10,015,000 | 9,861,000 |
| Amortisation | 979,000 | 2,523,000 | 1,994,000 | 1,339,000 | 1,339,000 | 1,339,000 | 1,339,000 | 1,354,000 | 1,339,000 | 1,339,000 | 1,339,000 | 1,339,000 | 1,339,000 | 1,339,000 |
| Tax | 991,000 | -2,068,000 | 1,297,000 | -141,000 | -747,000 | -1,419,000 | -1,423,000 | -1,160,000 | -325,000 | -1,973,000 | -446,000 | 1,202,000 | -4,498,000 | -4,298,000 |
| Stock | -23,715,000 | 8,787,000 | -13,100,000 | 1,958,000 | -2,957,000 | 4,295,000 | 1,945,000 | -534,000 | 1,142,000 | -2,631,000 | -789,000 | 1,165,000 | 2,635,000 | 21,799,000 |
| Debtors | -848,000 | -1,010,000 | 460,000 | 36,000 | 200,000 | -803,000 | 428,000 | -877,000 | -71,000 | 925,000 | -1,314,000 | 1,232,000 | 130,000 | 4,080,000 |
| Creditors | -4,566,000 | -2,417,000 | 2,774,000 | 221,000 | -3,424,000 | 547,000 | 1,435,000 | 323,000 | -167,000 | 270,000 | -708,000 | -884,000 | -874,000 | 7,580,000 |
| Accruals and Deferred Income | 3,516,000 | 51,000 | 5,470,000 | -3,599,000 | 2,396,000 | -1,090,000 | 653,000 | 306,000 | 477,000 | -610,000 | -531,000 | -2,562,000 | -1,493,000 | 13,551,000 |
| Deferred Taxes & Provisions | -571,000 | 649,000 | -770,000 | -317,000 | -272,000 | -54,000 | -611,000 | 149,000 | 342,000 | 122,000 | -642,000 | -1,617,000 | -39,000 | 3,895,000 |
| Cash flow from operations | 1,972,000 | 1,297,000 | 6,290,000 | -9,944,000 | 7,476,000 | 5,336,000 | 10,241,000 | 10,633,000 | 5,883,000 | 12,319,000 | 8,991,000 | -1,336,000 | 15,103,000 | 18,823,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 4,346,000 | -12,338,000 | -6,198,000 | -1,544,000 | -4,615,000 | -501,000 | 2,438,000 | -3,702,000 | -9,847,000 | -5,456,000 | ||||
| Change in Investments | 18,375,000 | 9,815,000 | -421,000 | 327,000 | 94,000 | |||||||||
| cash flow from investments | -18,375,000 | -9,815,000 | 421,000 | 4,346,000 | -12,338,000 | -6,198,000 | -1,871,000 | -4,709,000 | -501,000 | 2,438,000 | -3,702,000 | -9,847,000 | -5,456,000 | |
| Financing Activities | ||||||||||||||
| Bank loans | -996,000 | -3,893,000 | 4,448,000 | -2,946,000 | 3,387,000 | |||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | -541,000 | 541,000 | -963,000 | 963,000 | ||||||||||
| Long term loans | -20,050,000 | 6,100,000 | -5,248,000 | 7,255,000 | -7,770,000 | 9,504,000 | -2,943,000 | -5,037,000 | 6,425,000 | -10,670,000 | -7,566,000 | 5,000,000 | -11,008,000 | 36,008,000 |
| Hire Purchase and Lease Commitments | -137,000 | -90,000 | -18,000 | -141,000 | -250,000 | -236,000 | -2,000 | 549,000 | -204,000 | 529,000 | ||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -1,512,000 | -1,264,000 | -1,314,000 | -635,000 | -699,000 | -1,110,000 | -870,000 | -1,369,000 | -2,000,000 | -2,100,000 | -2,372,000 | -1,993,000 | -1,988,000 | -2,047,000 |
| cash flow from financing | -43,267,000 | 15,063,000 | -5,941,000 | 8,030,000 | -9,912,000 | 12,550,000 | -3,590,000 | -4,490,000 | -2,775,000 | -9,455,000 | -12,028,000 | 765,000 | -11,838,000 | 117,376,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -4,014,000 | 145,000 | 4,435,000 | -3,406,000 | 3,033,000 | 348,000 | -1,528,000 | 724,000 | 637,000 | 219,000 | -1,096,000 | -308,000 | -8,805,000 | 10,307,000 |
| overdraft | -3,386,000 | -7,164,000 | 8,508,000 | 1,744,000 | 298,000 | -417,000 | 249,000 | 168,000 | ||||||
| change in cash | -628,000 | 7,309,000 | -4,073,000 | -5,150,000 | 2,735,000 | 765,000 | -1,777,000 | 556,000 | 637,000 | 219,000 | -1,096,000 | -308,000 | -8,805,000 | 10,307,000 |
mackays stores group limited Credit Report and Business Information
Mackays Stores Group Limited Competitor Analysis
Perform a competitor analysis for mackays stores group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in KA1 area or any other competitors across 12 key performance metrics.
mackays stores group limited Ownership
MACKAYS STORES GROUP LIMITED group structure
Mackays Stores Group Limited has 7 subsidiary companies.
Ultimate parent company
MACKAYS STORES GROUP LIMITED
SC223864
7 subsidiaries
mackays stores group limited directors
Mackays Stores Group Limited currently has 2 directors. The longest serving directors include Mr Andrew McGeoch (Feb 2009) and Mr Neil McGeoch (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew McGeoch | Scotland | 45 years | Feb 2009 | - | Director |
| Mr Neil McGeoch | Scotland | 47 years | May 2015 | - | Director |
P&L
August 2023turnover
120m
+9%
operating profit
-24.9m
-396%
gross margin
41.7%
+52.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
14.5m
-0.76%
total assets
31.4m
-0.7%
cash
691k
-0.85%
net assets
Total assets minus all liabilities
mackays stores group limited company details
company number
SC223864
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
October 2001
age
24
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
pacific shelf 1080 limited (November 2001)
accountant
-
auditor
FRENCH DUNCAN LLP
address
lochlea farm craigie, kilmarnock, KA1 5NN
Bank
-
Legal Advisor
-
mackays stores group 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 9 charges/mortgages relating to mackays stores group limited. Currently there are 2 open charges and 7 have been satisfied in the past.
mackays stores group 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 MACKAYS STORES GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
mackays stores group limited Companies House Filings - See Documents
| date | description | view/download |
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