Bruce Mccormack Limited

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bruce mccormack limited Company Information

Live

EstablishedSmallHealthy

Company Number

SC311766

Website

www.brucethelawyers.co.uk

Registered Address

4d auchingramont road, hamilton, ML3 6JT

Industry

Solicitors

Telephone

01698260033

Next Accounts Due

December 2024

Group Structure

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Directors

Diarmid Bruce17 Years

Ian Scott1 Years

Shareholders

diarmid bruce 100%

bruce mccormack limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of BRUCE MCCORMACK LIMITED at £6.1m based on Net Assets of £3.1m and 1.98x industry multiple (adjusted for liquidity).

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Bruce Mccormack Limited is a live company located in hamilton, ML3 6JT with a Companies House number of SC311766. It operates in the solicitors sector, SIC Code 69102. Founded in November 2006, it's largest shareholder is diarmid bruce with a 100% stake. Bruce Mccormack Limited is a established, small sized company, Pomanda has estimated its turnover at £652k with healthy growth in recent years.

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Pomanda's financial health check has awarded Bruce Mccormack Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £652k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.2%)

EXPORT

Bruce Mccormack Limited's latest turnover from March 2023 is estimated at £652 thousand and the company has net assets of £3.1 million. According to their latest financial statements, Bruce Mccormack Limited has 12 employees and maintains cash reserves of £836.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	651,977	463,993	478,392	553,349	584,437	542,181	579,687	294,294	351,066	375,237	563,835	447,079	489,110	487,070
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	204,973	168,497	207,645	211,114	221,088	163,105	197,759	115,567	144,284	164,588	233,176	165,860	179,300	155,889
Gross Profit	447,004	295,496	270,747	342,235	363,350	379,076	381,928	178,728	206,782	210,649	330,659	281,219	309,810	331,181
Admin Expenses	-156,023	154,257	-19,535	23,311	-21,789	89,625	262,011	140,332	62,621	145,163	304,126	27,161	-35,546	-599,258
Operating Profit	603,027	141,239	290,282	318,924	385,139	289,451	119,917	38,396	144,161	65,486	26,533	254,058	345,356	930,439
Interest Payable	0	0	0	264	1,078	758	0	0	0	0	0	0	0	0
Interest Receivable	23,310	1,739	115	14	9	219	139	594	1,241	1,260	1,129	819	498	257
Pre-Tax Profit	626,337	142,978	290,398	318,674	384,069	288,912	120,056	38,990	145,403	66,745	27,662	254,877	345,854	930,696
Tax	-119,004	-27,166	-55,176	-60,548	-72,973	-54,893	-24,011	-7,798	-30,535	-15,351	-6,639	-66,268	-96,839	-260,595
Profit After Tax	507,333	115,812	235,222	258,126	311,096	234,019	96,045	31,192	114,868	51,394	21,023	188,609	249,015	670,101
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	507,333	115,812	235,222	258,126	311,096	234,019	96,045	31,192	114,868	51,394	21,023	188,609	249,015	670,101
Employee Costs	417,995	390,069	333,982	406,950	424,799	402,471	429,202	181,240	203,071	233,314	344,886	302,620	333,653	336,962
Number Of Employees	12	12	11	13	14	14	15	6	7	8	12	10	11	11
EBITDA*	605,739	143,951	293,619	320,526	386,505	312,377	292,793	210,910	316,601	216,533	176,799	404,325	496,427	1,081,341

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	48,773	51,485	52,990	1,875	1,719,678	1,597,444	1,223,965	498,701	66,447	2,642	172	438	705	1,098
Intangible Assets	0	0	0	0	0	0	0	150,000	300,000	450,000	600,000	750,000	900,000	1,050,000
Investments & Other	2,369,315	2,339,065	2,339,065	1,999,450	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	2,418,088	2,390,550	2,392,055	2,001,325	1,719,678	1,597,444	1,223,965	648,701	366,447	452,642	600,172	750,438	900,705	1,051,098
Stock & work in progress	143,734	92,837	141,855	151,348	147,956	141,986	142,845	142,742	142,301	103,146	103,783	102,493	101,573	99,461
Trade Debtors	0	41,790	57,100	63,206	61,729	59,246	62,184	61,783	68,839	63,489	91,643	63,543	62,372	62,997
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	24,176	3,888	3,888	114,744	145,927	3,575	24,540	557,358	599,152	392,695	219,812	109,530	0	0
Cash	836,748	260,210	203,543	26,736	1,464	840	86,937	24,499	213,208	283,220	220,582	230,986	96,753	102,621
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,004,658	398,725	406,386	356,034	357,076	205,647	316,506	786,382	1,023,500	842,550	635,820	506,552	260,698	265,079
total assets	3,422,746	2,789,275	2,798,441	2,357,359	2,076,754	1,803,091	1,540,471	1,435,083	1,389,947	1,295,192	1,235,992	1,256,990	1,161,403	1,316,177
Bank overdraft	0	0	0	0	8,642	23,311	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	65,747	15,027	22,367	26,529	8,089	30,207	22,810	28,698	81,620	114,488	107,144	149,165	182,509	134,688
Group/Directors Accounts	2,672	29,860	157,317	0	0	12,789	0	0	0	0	0	0	59,678	511,269
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	270,060	167,132	157,221	104,911	92,168	79,773	90,810	71,004	0	0	0	0	0	0
total current liabilities	338,479	212,019	336,905	131,440	108,899	146,080	113,620	99,702	81,620	114,488	107,144	149,165	242,187	645,957
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	312	634	726	331	393	645	4,504	9,079	13,217	462	0	0	0	19
total long term liabilities	312	634	726	331	393	645	4,504	9,079	13,217	462	0	0	0	19
total liabilities	338,791	212,653	337,631	131,771	109,292	146,725	118,124	108,781	94,837	114,950	107,144	149,165	242,187	645,976
net assets	3,083,955	2,576,622	2,460,810	2,225,588	1,967,462	1,656,366	1,422,347	1,326,302	1,295,110	1,180,242	1,128,848	1,107,825	919,216	670,201
total shareholders funds	3,083,955	2,576,622	2,460,810	2,225,588	1,967,462	1,656,366	1,422,347	1,326,302	1,295,110	1,180,242	1,128,848	1,107,825	919,216	670,201

	Mar 2023	Mar 2022	Mar 2021	Mar 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	603,027	141,239	290,282	318,924	385,139	289,451	119,917	38,396	144,161	65,486	26,533	254,058	345,356	930,439
Depreciation	2,712	2,712	3,337	1,602	1,366	22,926	22,876	22,514	22,440	1,047	266	267	1,071	902
Amortisation	0	0	0	0	0	0	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000
Tax	-119,004	-27,166	-55,176	-60,548	-72,973	-54,893	-24,011	-7,798	-30,535	-15,351	-6,639	-66,268	-96,839	-260,595
Stock	50,897	-49,018	-9,493	3,392	5,970	-859	103	441	39,155	-637	1,290	920	2,112	99,461
Debtors	-21,502	-15,310	-116,962	-29,706	144,835	-23,903	-532,417	-48,850	211,807	144,729	138,382	110,701	-625	62,997
Creditors	50,720	-7,340	-4,162	18,440	-22,118	7,397	-5,888	-52,922	-32,868	7,344	-42,021	-33,344	47,821	134,688
Accruals and Deferred Income	102,928	9,911	52,310	12,743	12,395	-11,037	19,806	71,004	0	0	0	0	0	0
Deferred Taxes & Provisions	-322	-92	395	-62	-252	-3,859	-4,575	-4,138	12,755	462	0	0	-19	19
Cash flow from operations	610,666	183,592	413,441	317,413	152,752	274,747	810,439	265,465	14,991	64,896	-11,533	193,092	445,903	792,995
Investing Activities
capital expenditure	0	-1,207	-54,452	1,716,201	-123,600	-396,405	-748,140	-454,768	-86,245	-3,517	0	0	-678	-1,202,000
Change in Investments	30,250	0	339,615	1,999,450	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,250	-1,207	-394,067	-283,249	-123,600	-396,405	-748,140	-454,768	-86,245	-3,517	0	0	-678	-1,202,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-27,188	-127,457	157,317	0	-12,789	12,789	0	0	0	0	0	-59,678	-451,591	511,269
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	23,310	1,739	115	-250	-1,069	-539	139	594	1,241	1,260	1,129	819	498	257
cash flow from financing	-3,878	-125,718	157,432	-250	-13,858	12,250	139	594	1,241	1,260	1,129	-58,859	-451,093	511,626
cash and cash equivalents
cash	576,538	56,667	176,807	25,272	624	-86,097	62,438	-188,709	-70,012	62,638	-10,404	134,233	-5,868	102,621
overdraft	0	0	0	-8,642	-14,669	23,311	0	0	0	0	0	0	0	0
change in cash	576,538	56,667	176,807	33,914	15,293	-109,408	62,438	-188,709	-70,012	62,638	-10,404	134,233	-5,868	102,621

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BRUCE MCCORMACK LIMITED group structure

Bruce Mccormack Limited has no subsidiary companies.

Ultimate parent company

BRUCE MCCORMACK LIMITED

SC311766

BRUCE MCCORMACK LIMITED Shareholders

diarmid bruce

100%

Bruce Mccormack Limited currently has 2 directors. The longest serving directors include Mr Diarmid Bruce (Nov 2006) and Mr Ian Scott (Aug 2022).

officer	country	age	start	end	role
Mr Diarmid Bruce	United Kingdom	54 years	Nov 2006	-	Director
Mr Ian Scott	United Kingdom	55 years	Aug 2022	-	Director

P&L

March 2023

turnover

652k

+41%

operating profit

603k

gross margin

68.6%

+7.66%

turnover

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

Balance Sheet

March 2023

net assets

3.1m

+0.2%

total assets

3.4m

+0.23%

cash

836.7k

+2.22%

net assets

Total assets minus all liabilities

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company number

SC311766

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

November 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

4d auchingramont road, hamilton, ML3 6JT

last accounts submitted

March 2023

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.

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bruce mccormack limited Company Information

bruce mccormack limited Estimated Valuation

bruce mccormack limited Estimated Valuation

bruce mccormack limited Estimated Valuation

Bruce Mccormack Limited Overview

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BRUCE MCCORMACK LIMITED financials

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bruce mccormack limited Ownership

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