neil mackay & co ltd Company Information
Company Number
SC278395
Website
www.neil-mackay.co.ukRegistered Address
1 unit 1, parkend industrial estate, stornoway, isle of lewis, HS2 0AN
Industry
Construction of other civil engineering projects n.e.c.
Telephone
01851702063
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
old range developments ltd 70%
wojciech rogowski 10%
View Allneil mackay & co ltd Estimated Valuation
Pomanda estimates the enterprise value of NEIL MACKAY & CO LTD at £592.3k based on a Turnover of £2.9m and 0.2x industry multiple (adjusted for size and gross margin).
neil mackay & co ltd Estimated Valuation
Pomanda estimates the enterprise value of NEIL MACKAY & CO LTD at £142.3k based on an EBITDA of £51.9k and a 2.74x industry multiple (adjusted for size and gross margin).
neil mackay & co ltd Estimated Valuation
Pomanda estimates the enterprise value of NEIL MACKAY & CO LTD at £4.1m based on Net Assets of £2.3m and 1.76x industry multiple (adjusted for liquidity).
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Neil Mackay & Co Ltd Overview
Neil Mackay & Co Ltd is a live company located in stornoway, HS2 0AN with a Companies House number of SC278395. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in January 2005, it's largest shareholder is old range developments ltd with a 70% stake. Neil Mackay & Co Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.9m with high growth in recent years.
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Neil Mackay & Co Ltd Health Check
Pomanda's financial health check has awarded Neil Mackay & Co Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £2.9m, make it smaller than the average company (£13.1m)
- Neil Mackay & Co Ltd
£13.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.6%)
- Neil Mackay & Co Ltd
5.6% - Industry AVG
Production
with a gross margin of 10.6%, this company has a higher cost of product (16.3%)
- Neil Mackay & Co Ltd
16.3% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (4.4%)
- Neil Mackay & Co Ltd
4.4% - Industry AVG
Employees
with 40 employees, this is below the industry average (53)
40 - Neil Mackay & Co Ltd
53 - Industry AVG
Pay Structure
on an average salary of £48.7k, the company has an equivalent pay structure (£48.7k)
- Neil Mackay & Co Ltd
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £72.7k, this is less efficient (£250.6k)
- Neil Mackay & Co Ltd
£250.6k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (57 days)
- Neil Mackay & Co Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (41 days)
- Neil Mackay & Co Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 138 days, this is more than average (7 days)
- Neil Mackay & Co Ltd
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 86 weeks, this is more cash available to meet short term requirements (20 weeks)
86 weeks - Neil Mackay & Co Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.2%, this is a lower level of debt than the average (62.4%)
9.2% - Neil Mackay & Co Ltd
62.4% - Industry AVG
neil mackay & co ltd Credit Report and Business Information
Neil Mackay & Co Ltd Competitor Analysis
Perform a competitor analysis for neil mackay & co ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
neil mackay & co ltd Ownership
NEIL MACKAY & CO LTD group structure
Neil Mackay & Co Ltd has no subsidiary companies.
Ultimate parent company
NEIL MACKAY & CO LTD
SC278395
neil mackay & co ltd directors
Neil Mackay & Co Ltd currently has 4 directors. The longest serving directors include Mr Neil MacKay (Jan 2005) and Mr Gary Reynolds (Dec 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Neil MacKay | Scotland | 60 years | Jan 2005 | - | Director |
Mr Gary Reynolds | Scotland | 35 years | Dec 2023 | - | Director |
Mr John Berry | Scotland | 39 years | Dec 2023 | - | Director |
Mr Wojciech Rogowski | Scotland | 41 years | Dec 2023 | - | Director |
NEIL MACKAY & CO LTD financials
Neil Mackay & Co Ltd's latest turnover from December 2022 is estimated at £2.9 million and the company has net assets of £2.3 million. According to their latest financial statements, Neil Mackay & Co Ltd has 40 employees and maintains cash reserves of £348.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 40 | 42 | 43 | 45 | 46 | 55 | 52 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 909,157 | 472,094 | 400,843 | 406,445 | 433,527 | 469,513 | 429,219 | 195,546 | 213,015 | 243,812 | 213,425 | 175,907 | 141,043 | 137,974 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 909,157 | 472,094 | 400,843 | 406,445 | 433,527 | 469,513 | 429,219 | 195,546 | 213,015 | 243,812 | 213,425 | 175,907 | 141,043 | 137,974 |
Stock & work in progress | 983,695 | 914,452 | 893,677 | 724,398 | 676,050 | 566,180 | 492,274 | 344,788 | 414,664 | 205,802 | 115,137 | 112,138 | 62,045 | 66,164 |
Trade Debtors | 279,024 | 299,954 | 82,688 | 38,590 | 187,535 | 40,323 | 119,115 | 177,489 | 64,858 | 48,118 | 109,701 | 17,670 | 120,811 | 111,715 |
Group Debtors | 26,956 | 26,956 | 0 | 23,656 | 23,656 | 23,656 | 23,656 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 348,400 | 850,377 | 514,440 | 700,051 | 360,370 | 485,346 | 279,417 | 576,849 | 369,478 | 111,300 | 293,865 | 139,169 | 77,157 | 131,294 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,638,075 | 2,091,739 | 1,490,805 | 1,486,695 | 1,247,611 | 1,115,505 | 914,462 | 1,099,126 | 849,000 | 365,220 | 518,703 | 268,977 | 260,013 | 309,173 |
total assets | 2,547,232 | 2,563,833 | 1,891,648 | 1,893,140 | 1,681,138 | 1,585,018 | 1,343,681 | 1,294,672 | 1,062,015 | 609,032 | 732,128 | 444,884 | 401,056 | 447,147 |
Bank overdraft | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 147,681 | 56,960 | 87,308 | 47,565 | 67,990 | 73,533 | 78,897 | 86,549 | 220,957 | 93,781 | 158,742 | 96,552 | 86,127 | 51,500 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 50,856 | 164,992 | 0 | 213,561 | 84,490 | 109,215 | 80,009 | 125,950 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 208,537 | 221,952 | 87,308 | 261,126 | 152,480 | 182,748 | 158,906 | 212,499 | 220,957 | 93,781 | 158,742 | 96,552 | 86,127 | 51,500 |
loans | 25,000 | 44,676 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 50,000 | 0 | 90,000 | 95,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 25,000 | 44,676 | 50,000 | 0 | 90,000 | 95,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 233,537 | 266,628 | 137,308 | 261,126 | 242,480 | 277,748 | 258,906 | 312,499 | 220,957 | 93,781 | 158,742 | 96,552 | 86,127 | 51,500 |
net assets | 2,313,695 | 2,297,205 | 1,754,340 | 1,632,014 | 1,438,658 | 1,307,270 | 1,084,775 | 982,173 | 841,058 | 515,251 | 573,386 | 348,332 | 314,929 | 395,647 |
total shareholders funds | 2,313,695 | 2,297,205 | 1,754,340 | 1,632,014 | 1,438,658 | 1,307,270 | 1,084,775 | 982,173 | 841,058 | 515,251 | 573,386 | 348,332 | 314,929 | 395,647 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 48,783 | 0 | 26,837 | 27,082 | 32,568 | 29,526 | 34,955 | 34,817 | 37,839 | 32,378 | 23,677 | 11,044 | 14,573 | 13,970 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | 69,243 | 20,775 | 169,279 | 48,348 | 183,776 | 73,906 | 147,486 | -69,876 | 208,862 | 90,665 | 2,999 | 50,093 | -4,119 | 66,164 |
Debtors | -20,930 | 244,222 | 20,442 | -148,945 | 68,420 | -78,792 | -34,718 | 112,631 | 16,740 | -61,583 | 92,031 | -103,141 | 9,096 | 111,715 |
Creditors | 90,721 | -30,348 | 39,743 | -20,425 | -10,907 | -5,364 | -7,652 | -134,408 | 127,176 | -64,961 | 62,190 | 10,425 | 34,627 | 51,500 |
Accruals and Deferred Income | -114,136 | 164,992 | -213,561 | 129,071 | 4,481 | 29,206 | -45,941 | 125,950 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -19,676 | 44,676 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | -50,000 | 50,000 | -90,000 | -10,000 | -5,000 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -501,977 | 335,937 | -185,611 | 339,681 | 80,953 | 205,929 | -297,432 | 207,371 | 258,178 | -182,565 | 154,696 | 62,012 | -54,137 | 131,294 |
overdraft | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -511,977 | 335,937 | -185,611 | 339,681 | 80,953 | 205,929 | -297,432 | 207,371 | 258,178 | -182,565 | 154,696 | 62,012 | -54,137 | 131,294 |
P&L
December 2022turnover
2.9m
+26%
operating profit
3.2k
0%
gross margin
10.7%
+6.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.3m
+0.01%
total assets
2.5m
-0.01%
cash
348.4k
-0.59%
net assets
Total assets minus all liabilities
neil mackay & co ltd company details
company number
SC278395
Type
Private limited with Share Capital
industry
42990 - Construction of other civil engineering projects n.e.c.
incorporation date
January 2005
age
19
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
1 unit 1, parkend industrial estate, stornoway, isle of lewis, HS2 0AN
last accounts submitted
December 2022
neil mackay & co ltd 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 did not find charges/mortgages relating to neil mackay & co ltd.
neil mackay & co ltd Companies House Filings - See Documents
date | description | view/download |
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