Gillies & Mackay Limited

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gillies & mackay limited Company Information

Company Number

SC237291

Next Accounts

Jun 2025

Directors

Alastair Gillies

John MacKay

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Shareholders

natty shed life limited

alastair grant gillies

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Group Structure

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Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Registered Address

gillies and mackay ltd, east inchmichael, errol, perthshire, PH2 7SP

Website

www.gilliesandmackay.com

gillies & mackay limited Estimated Valuation

£573.2k

Pomanda estimates the enterprise value of GILLIES & MACKAY LIMITED at £573.2k based on a Turnover of £1.4m and 0.41x industry multiple (adjusted for size and gross margin).

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Gillies & Mackay Limited is a live company located in errol, PH2 7SP with a Companies House number of SC237291. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in September 2002, it's largest shareholder is natty shed life limited with a 51% stake. Gillies & Mackay Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.

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

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£7m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.7%)

EXPORT

Gillies & Mackay Limited's latest turnover from September 2023 is estimated at £1.4 million and the company has net assets of £88.4 thousand. According to their latest financial statements, Gillies & Mackay Limited has 20 employees and maintains cash reserves of £268 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,392,869	656,322	1,245,523	803,141	868,426	311,896	371,548	323,717	264,367	330,914	298,745	402,275	263,899	308,703
Other Income Or Grants
Cost Of Sales	1,046,490	492,811	956,121	612,187	649,142	231,693	274,547	240,488	199,172	246,197	219,978	292,106	186,444	218,979
Gross Profit	346,379	163,511	289,401	190,955	219,284	80,204	97,001	83,229	65,195	84,717	78,767	110,170	77,456	89,725
Admin Expenses	427,317	53,558	229,906	130,272	218,643	79,489	96,482	83,090	70,666	79,134	98,956	89,957	85,516	69,148
Operating Profit	-80,938	109,953	59,495	60,683	641	715	519	139	-5,471	5,583	-20,189	20,213	-8,060	20,577
Interest Payable	17,853	12,301	8,750	5,590	839	1,236	995
Interest Receivable	15,376	8,003	327	152	225	48	12	69	64	35	122	101	81	81
Pre-Tax Profit	-83,414	105,654	51,072	55,246	27	-473	-464	208	-5,407	5,618	-20,067	20,314	-7,979	20,658
Tax		-20,074	-9,704	-10,497	-5			-41		-1,292		-5,282		-5,784
Profit After Tax	-83,414	85,580	41,368	44,749	22	-473	-464	166	-5,407	4,326	-20,067	15,032	-7,979	14,874
Dividends Paid
Retained Profit	-83,414	85,580	41,368	44,749	22	-473	-464	166	-5,407	4,326	-20,067	15,032	-7,979	14,874
Employee Costs	956,812	174,396	339,021	592,239	588,483	81,558	120,217	77,661	75,589	110,449	72,455	107,329	102,556	104,960
Number Of Employees	20	4	8	14	14	2	3	2	2	3	2	3	3	3
EBITDA*	-28,435	138,615	75,515	94,178	16,752	14,461	519	4,598	2,066	18,042	-8,045	28,213	4,076	32,834

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	107,039	123,567	48,797	36,171	47,311	25,503	38,320	19,966	8,230	15,767	26,651	38,795	46,795	37,881
Intangible Assets	51,250	878	2,228	3,578
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	158,289	124,445	51,025	39,749	47,311	25,503	38,320	19,966	8,230	15,767	26,651	38,795	46,795	37,881
Stock & work in progress	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	30,000	25,000	25,000	32,000	28,500	23,800
Trade Debtors	35,186	63,282		13,354	34,368	11,824		2,505	4,686	28,297	16,186	22,303	13,369	14,443
Group Debtors
Misc Debtors	96	6,316	1,301	125	7,493	97,805	32,504
Cash	268,042	317,724	393,619	261,159	43,192	16,799	2,307	7,532	19,935	5,543	8,643	40,270	76	32,464
misc current assets
total current assets	348,324	432,322	439,920	319,638	130,053	171,428	79,811	55,037	54,621	58,840	49,829	94,573	41,945	70,707
total assets	506,613	556,767	490,945	359,387	177,364	196,931	118,131	75,003	62,851	74,607	76,480	133,368	88,740	108,588
Bank overdraft	813			9,963	18,671	3,229	14,077
Bank loan
Trade Creditors	182,119	131,214	205,245	86,289	94,081	61,340	26,244	65,342	61,972	68,321	74,520	103,846	67,165	88,345
Group/Directors Accounts						64,730
other short term finances						2,951	14,540
hp & lease commitments
other current liabilities	94,611	77,815	77,156	63,621	38,391	45,537	34,733
total current liabilities	277,543	209,029	282,401	159,873	151,143	177,787	89,594	65,342	61,972	68,321	74,520	103,846	67,165	88,345
loans	140,657	175,911	122,297	154,635			3,229
hp & lease commitments					26,091	19,036	24,727
Accruals and Deferred Income
other liabilities								8,616				7,495	14,580	5,269
provisions
total long term liabilities	140,657	175,911	122,297	154,635	26,091	19,036	27,956	8,616				7,495	14,580	5,269
total liabilities	418,200	384,940	404,698	314,508	177,234	196,823	117,550	73,958	61,972	68,321	74,520	111,341	81,745	93,614
net assets	88,413	171,827	86,247	44,879	130	108	581	1,045	879	6,286	1,960	22,027	6,995	14,974
total shareholders funds	88,413	171,827	86,247	44,879	130	108	581	1,045	879	6,286	1,960	22,027	6,995	14,974

	Sep 2023	Sep 2022	Sep 2021	Sep 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	-80,938	109,953	59,495	60,683	641	715	519	139	-5,471	5,583	-20,189	20,213	-8,060	20,577
Depreciation	46,715	27,312	14,670	31,672	16,111	13,746		4,459	7,537	12,459	12,144	8,000	12,136	12,257
Amortisation	5,788	1,350	1,350	1,823
Tax		-20,074	-9,704	-10,497	-5			-41		-1,292		-5,282		-5,784
Stock								15,000	5,000		-7,000	3,500	4,700	23,800
Debtors	-34,316	68,297	-12,178	-28,382	-67,768	77,125	29,999	-2,181	-23,611	12,111	-6,117	8,934	-1,074	14,443
Creditors	50,905	-74,031	118,956	-7,792	32,741	35,096	-39,098	3,370	-6,349	-6,199	-29,326	36,681	-21,180	88,345
Accruals and Deferred Income	16,796	659	13,535	25,230	-7,146	10,804	34,733
Deferred Taxes & Provisions
Cash flow from operations	73,582	-23,128	210,480	129,501	110,110	-16,764	-33,845	-4,892	14,328	-1,560	-24,254	47,178	-20,730	77,152
Investing Activities
capital expenditure	-86,347	-102,082	-27,296	-25,933	-37,919	-929	-18,354	-16,195		-1,575			-21,050	-50,138
Change in Investments
cash flow from investments	-86,347	-102,082	-27,296	-25,933	-37,919	-929	-18,354	-16,195		-1,575			-21,050	-50,138
Financing Activities
Bank loans
Group/Directors Accounts					-64,730	64,730
Other Short Term Loans					-2,951	-11,589	14,540
Long term loans	-35,254	53,614	-32,338	154,635		-3,229	3,229
Hire Purchase and Lease Commitments				-26,091	7,055	-5,691	24,727
other long term liabilities							-8,616	8,616			-7,495	-7,085	9,311	5,269
share issue														100
interest	-2,477	-4,298	-8,423	-5,438	-614	-1,188	-983	69	64	35	122	101	81	81
cash flow from financing	-37,731	49,316	-40,761	123,106	-61,240	43,033	32,897	8,685	64	35	-7,373	-6,984	9,392	5,450
cash and cash equivalents
cash	-49,682	-75,895	132,460	217,967	26,393	14,492	-5,225	-12,403	14,392	-3,100	-31,627	40,194	-32,388	32,464
overdraft	813		-9,963	-8,708	15,442	-10,848	14,077
change in cash	-50,495	-75,895	142,423	226,675	10,951	25,340	-19,302	-12,403	14,392	-3,100	-31,627	40,194	-32,388	32,464

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GILLIES & MACKAY LIMITED group structure

Gillies & Mackay Limited has no subsidiary companies.

Ultimate parent company

GILLIES & MACKAY LIMITED

SC237291

GILLIES & MACKAY LIMITED Shareholders

natty shed life limited	51%
alastair grant gillies	24.5%
john neil mackay	24.5%

Gillies & Mackay Limited currently has 4 directors. The longest serving directors include Mr Alastair Gillies (Sep 2002) and Mr John MacKay (Sep 2002).

officer	country	age	start	end	role
Mr Alastair Gillies		64 years	Sep 2002	-	Director
Mr John MacKay	Scotland	64 years	Sep 2002	-	Director
Ms Cara-Anne MacKay	Scotland	38 years	Apr 2016	-	Director
Mr Gordon Sinclair		52 years	Apr 2022	-	Director

P&L

September 2023

turnover

1.4m

+112%

operating profit

-80.9k

gross margin

24.9%

-0.18%

turnover

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

Balance Sheet

September 2023

net assets

88.4k

-0.49%

total assets

506.6k

-0.09%

cash

268k

-0.16%

net assets

Total assets minus all liabilities

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company number

SC237291

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

September 2002

ultimate parent company

None

previous names

N/A

address

gillies and mackay ltd, east inchmichael, errol, perthshire, PH2 7SP

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gillies & mackay limited Company Information

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gillies & mackay limited Estimated Valuation

gillies & mackay limited Estimated Valuation

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