neil mackay & co ltd

3.5

neil mackay & co ltd Company Information

Share NEIL MACKAY & CO LTD
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Company Number

SC278395

Registered 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

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Directors

Neil MacKay19 Years

Gary Reynolds0 Years

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Shareholders

old range developments ltd 70%

wojciech rogowski 10%

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neil mackay & co ltd Estimated Valuation

£592.3k

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

£142.3k

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

£4.1m

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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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

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £2.9m, make it smaller than the average company (£13.1m)

£2.9m - Neil Mackay & Co Ltd

£13.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.6%)

20% - Neil Mackay & Co Ltd

5.6% - Industry AVG

production

Production

with a gross margin of 10.6%, this company has a higher cost of product (16.3%)

10.6% - Neil Mackay & Co Ltd

16.3% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (4.4%)

0.1% - Neil Mackay & Co Ltd

4.4% - Industry AVG

employees

Employees

with 40 employees, this is below the industry average (53)

40 - Neil Mackay & Co Ltd

53 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.7k, the company has an equivalent pay structure (£48.7k)

£48.7k - Neil Mackay & Co Ltd

£48.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £72.7k, this is less efficient (£250.6k)

£72.7k - Neil Mackay & Co Ltd

£250.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 35 days, this is earlier than average (57 days)

35 days - Neil Mackay & Co Ltd

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (41 days)

20 days - Neil Mackay & Co Ltd

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 138 days, this is more than average (7 days)

138 days - Neil Mackay & Co Ltd

7 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Neil Mackay & Co Ltd Competitor Analysis

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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 Shareholders

old range developments ltd 70%
wojciech rogowski 10%
gary reynolds 10%
john berry 10%

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).

officercountryagestartendrole
Mr Neil MacKayScotland60 years Jan 2005- Director
Mr Gary ReynoldsScotland35 years Dec 2023- Director
Mr John BerryScotland39 years Dec 2023- Director
Mr Wojciech RogowskiScotland41 years Dec 2023- Director

NEIL MACKAY & CO LTD financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover2,909,5832,317,8061,974,8111,697,4602,152,0921,838,8831,896,105779,772768,303373,454596,674276,931435,092394,604
Other Income Or Grants00000000000000
Cost Of Sales2,600,9982,086,7641,773,1411,514,8981,915,7811,617,1821,670,550687,062685,859331,516528,601245,346379,467344,915
Gross Profit308,585231,041201,670182,562236,310221,700225,55592,71082,44441,93868,07331,58555,62549,689
Admin Expenses305,421-438,85351,257-52,173-198,183-51,07398,373-81,318-328,768101,086-226,968-13,013136,864-499,491
Operating Profit3,164669,894150,413234,735434,493272,773127,182174,028411,212-59,148295,04144,598-81,239549,180
Interest Payable3,7851,396000000000000
Interest Receivable20,9791,7066073,9772,3991,9121,0702,3661,2021,0131,083541521328
Pre-Tax Profit20,358670,204151,020238,711436,893274,685128,253176,394412,414-58,135296,12445,139-80,718549,508
Tax-3,868-127,339-28,694-45,355-83,010-52,190-25,650-35,279-86,6070-71,070-11,7360-153,862
Profit After Tax16,490542,865122,326193,356353,883222,495102,602141,115325,807-58,135225,05433,403-80,718395,646
Dividends Paid00000000000000
Retained Profit16,490542,865122,326193,356353,883222,495102,602141,115325,807-58,135225,05433,403-80,718395,646
Employee Costs1,948,3251,937,0521,954,6112,012,3471,995,0242,256,8212,005,793115,403111,20972,809105,89469,593101,78273,812
Number Of Employees404243454655523323232
EBITDA*51,947669,894177,250261,817467,061302,299162,137208,845449,051-26,770318,71855,642-66,666563,150

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets909,157472,094400,843406,445433,527469,513429,219195,546213,015243,812213,425175,907141,043137,974
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets909,157472,094400,843406,445433,527469,513429,219195,546213,015243,812213,425175,907141,043137,974
Stock & work in progress983,695914,452893,677724,398676,050566,180492,274344,788414,664205,802115,137112,13862,04566,164
Trade Debtors279,024299,95482,68838,590187,53540,323119,115177,48964,85848,118109,70117,670120,811111,715
Group Debtors26,95626,956023,65623,65623,65623,6560000000
Misc Debtors00000000000000
Cash348,400850,377514,440700,051360,370485,346279,417576,849369,478111,300293,865139,16977,157131,294
misc current assets00000000000000
total current assets1,638,0752,091,7391,490,8051,486,6951,247,6111,115,505914,4621,099,126849,000365,220518,703268,977260,013309,173
total assets2,547,2322,563,8331,891,6481,893,1401,681,1381,585,0181,343,6811,294,6721,062,015609,032732,128444,884401,056447,147
Bank overdraft10,0000000000000000
Bank loan00000000000000
Trade Creditors 147,68156,96087,30847,56567,99073,53378,89786,549220,95793,781158,74296,55286,12751,500
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities50,856164,9920213,56184,490109,21580,009125,950000000
total current liabilities208,537221,95287,308261,126152,480182,748158,906212,499220,95793,781158,74296,55286,12751,500
loans25,00044,676000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities0050,000090,00095,000100,000100,000000000
provisions00000000000000
total long term liabilities25,00044,67650,000090,00095,000100,000100,000000000
total liabilities233,537266,628137,308261,126242,480277,748258,906312,499220,95793,781158,74296,55286,12751,500
net assets2,313,6952,297,2051,754,3401,632,0141,438,6581,307,2701,084,775982,173841,058515,251573,386348,332314,929395,647
total shareholders funds2,313,6952,297,2051,754,3401,632,0141,438,6581,307,2701,084,775982,173841,058515,251573,386348,332314,929395,647
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit3,164669,894150,413234,735434,493272,773127,182174,028411,212-59,148295,04144,598-81,239549,180
Depreciation48,783026,83727,08232,56829,52634,95534,81737,83932,37823,67711,04414,57313,970
Amortisation00000000000000
Tax-3,868-127,339-28,694-45,355-83,010-52,190-25,650-35,279-86,6070-71,070-11,7360-153,862
Stock69,24320,775169,27948,348183,77673,906147,486-69,876208,86290,6652,99950,093-4,11966,164
Debtors-20,930244,22220,442-148,94568,420-78,792-34,718112,63116,740-61,58392,031-103,1419,096111,715
Creditors90,721-30,34839,743-20,425-10,907-5,364-7,652-134,408127,176-64,96162,19010,42534,62751,500
Accruals and Deferred Income-114,136164,992-213,561129,0714,48129,206-45,941125,950000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-23,649412,202-214,983425,705125,429278,837-29,874122,353264,018-120,813214,808107,379-37,016282,909
Investing Activities
capital expenditure-485,846-71,251-21,2350-36,876-69,820-268,628-17,348-7,042-62,765-61,195-45,908-17,642-151,944
Change in Investments00000000000000
cash flow from investments-485,846-71,251-21,2350-36,876-69,820-268,628-17,348-7,042-62,765-61,195-45,908-17,642-151,944
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-19,67644,676000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities0-50,00050,000-90,000-10,000-5,0000100,000000000
share issue00000000000001
interest17,1943106073,9772,3991,9121,0702,3661,2021,0131,083541521328
cash flow from financing-2,482-5,01450,607-86,023-7,601-3,0881,070102,3661,2021,0131,083541521329
cash and cash equivalents
cash-501,977335,937-185,611339,68180,953205,929-297,432207,371258,178-182,565154,69662,012-54,137131,294
overdraft10,0000000000000000
change in cash-511,977335,937-185,611339,68180,953205,929-297,432207,371258,178-182,565154,69662,012-54,137131,294

P&L

December 2022

turnover

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 2022

net 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

None

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.

charges

neil mackay & co ltd Companies House Filings - See Documents

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