the munroe group (uk) limited
the munroe group (uk) limited Company Information
Company Number
SC453116
Next Accounts
Jan 2025
Industry
Construction of commercial buildings
Development of building projects
Directors
Shareholders
blackstone/gso capital solutions onshore funding (luxemborg) s.a.r.l.
shackleton capital partners lp acting by its general partner shackleton partners (general partners) limited
View AllGroup Structure
View All
Contact
Registered Address
miller house 2 lochside view, edinburgh park, edinburgh, EH12 9DH
Website
-the munroe group (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of THE MUNROE GROUP (UK) LIMITED at £465.5m based on a Turnover of £565.3m and 0.82x industry multiple (adjusted for size and gross margin).
the munroe group (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of THE MUNROE GROUP (UK) LIMITED at £420m based on an EBITDA of £70.6m and a 5.95x industry multiple (adjusted for size and gross margin).
the munroe group (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of THE MUNROE GROUP (UK) LIMITED at £407.6m based on Net Assets of £300.9m and 1.35x industry multiple (adjusted for liquidity).
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The Munroe Group (uk) Limited Overview
The Munroe Group (uk) Limited is a dissolved company that was located in edinburgh, EH12 9DH with a Companies House number of SC453116. It operated in the development of building projects sector, SIC Code 41100. Founded in June 2013, it's largest shareholder was blackstone/gso capital solutions onshore funding (luxemborg) s.a.r.l. with a 41.3% stake. The last turnover for The Munroe Group (uk) Limited was estimated at £565.3m.
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The Munroe Group (uk) Limited Health Check
Pomanda's financial health check has awarded The Munroe Group (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £565.3m, make it larger than the average company (£6.8m)
£565.3m - The Munroe Group (uk) Limited
£6.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (5.9%)
-9% - The Munroe Group (uk) Limited
5.9% - Industry AVG
Production
with a gross margin of 25.3%, this company has a lower cost of product (18.6%)
25.3% - The Munroe Group (uk) Limited
18.6% - Industry AVG
Profitability
an operating margin of 12.5% make it more profitable than the average company (5.9%)
12.5% - The Munroe Group (uk) Limited
5.9% - Industry AVG
Employees
with 740 employees, this is above the industry average (56)
740 - The Munroe Group (uk) Limited
56 - Industry AVG
Pay Structure
on an average salary of £62.4k, the company has a higher pay structure (£42.6k)
£62.4k - The Munroe Group (uk) Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £763.9k, this is more efficient (£274.9k)
£763.9k - The Munroe Group (uk) Limited
£274.9k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (37 days)
6 days - The Munroe Group (uk) Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (31 days)
53 days - The Munroe Group (uk) Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 470 days, this is more than average (113 days)
470 days - The Munroe Group (uk) Limited
113 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (34 weeks)
13 weeks - The Munroe Group (uk) Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.8%, this is a lower level of debt than the average (76.3%)
57.8% - The Munroe Group (uk) Limited
76.3% - Industry AVG
THE MUNROE GROUP (UK) LIMITED financials
The Munroe Group (Uk) Limited's latest turnover from December 2016 is £565.3 million and the company has net assets of £300.9 million. According to their latest financial statements, The Munroe Group (Uk) Limited has 740 employees and maintains cash reserves of £41.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|
| Turnover | 565,300,000 | 525,600,000 | 611,100,000 | 754,900,000 | 574,100,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 422,500,000 | 404,200,000 | 520,300,000 | 690,000,000 | 513,600,000 |
| Gross Profit | 142,800,000 | 121,400,000 | 90,800,000 | 64,900,000 | 60,500,000 |
| Admin Expenses | 72,300,000 | 48,900,000 | 66,300,000 | 54,300,000 | 49,100,000 |
| Operating Profit | 70,500,000 | 72,500,000 | 24,500,000 | 10,600,000 | 11,400,000 |
| Interest Payable | 15,570,000 | 19,800,000 | 13,100,000 | 25,800,000 | 28,300,000 |
| Interest Receivable | 2,400,000 | 3,000,000 | 1,100,000 | 8,300,000 | 5,700,000 |
| Pre-Tax Profit | 85,600,000 | 56,400,000 | 32,700,000 | 10,400,000 | 6,600,000 |
| Tax | -17,900,000 | -12,700,000 | 12,300,000 | -300,000 | -600,000 |
| Profit After Tax | 67,700,000 | 43,700,000 | 45,000,000 | 10,100,000 | 6,000,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 67,700,000 | 43,700,000 | 45,000,000 | 10,100,000 | 6,000,000 |
| Employee Costs | 46,200,000 | 46,600,000 | 68,000,000 | 81,400,000 | 70,800,000 |
| Number Of Employees | 740 | 722 | 1,045 | 1,306 | 1,236 |
| EBITDA* | 70,600,000 | 72,600,000 | 24,800,000 | 11,000,000 | 11,800,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|
| Tangible Assets | 300,000 | 11,900,000 | 11,800,000 | 12,600,000 | 12,500,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 21,000,000 | 45,400,000 | 43,000,000 | 51,400,000 | 60,300,000 |
| Debtors (Due After 1 year) | 79,900,000 | 100,200,000 | 119,600,000 | 115,900,000 | 119,100,000 |
| Total Fixed Assets | 101,200,000 | 157,500,000 | 174,400,000 | 179,900,000 | 191,900,000 |
| Stock & work in progress | 544,400,000 | 455,100,000 | 418,700,000 | 392,800,000 | 362,500,000 |
| Trade Debtors | 10,600,000 | 2,900,000 | 2,800,000 | 72,800,000 | 50,100,000 |
| Group Debtors | 0 | 0 | 400,000 | 800,000 | 4,100,000 |
| Misc Debtors | 16,200,000 | 19,600,000 | 22,600,000 | 32,000,000 | 22,900,000 |
| Cash | 41,300,000 | 25,000,000 | 39,100,000 | 62,900,000 | 49,100,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 612,500,000 | 502,600,000 | 483,600,000 | 561,300,000 | 488,700,000 |
| total assets | 713,700,000 | 660,100,000 | 658,000,000 | 741,200,000 | 680,600,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 5,000,000 | 1,500,000 | 29,800,000 | 21,100,000 | 1,600,000 |
| Trade Creditors | 62,300,000 | 48,200,000 | 49,200,000 | 145,800,000 | 107,400,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 86,200,000 | 94,800,000 | 89,500,000 | 91,200,000 | 71,400,000 |
| total current liabilities | 153,500,000 | 144,500,000 | 168,500,000 | 258,100,000 | 180,400,000 |
| loans | 157,800,000 | 152,700,000 | 164,000,000 | 206,300,000 | 243,800,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 300,000 | 400,000 | 1,500,000 |
| other liabilities | 33,400,000 | 12,700,000 | 21,500,000 | 21,400,000 | 8,000,000 |
| provisions | 21,700,000 | 20,200,000 | 14,000,000 | 0 | 0 |
| total long term liabilities | 259,300,000 | 215,300,000 | 230,500,000 | 246,400,000 | 263,700,000 |
| total liabilities | 412,800,000 | 359,800,000 | 399,000,000 | 504,500,000 | 444,100,000 |
| net assets | 300,900,000 | 300,300,000 | 259,000,000 | 236,700,000 | 236,500,000 |
| total shareholders funds | 300,900,000 | 300,300,000 | 259,000,000 | 236,700,000 | 236,500,000 |
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 70,500,000 | 72,500,000 | 24,500,000 | 10,600,000 | 11,400,000 |
| Depreciation | 100,000 | 100,000 | 300,000 | 400,000 | 400,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -17,900,000 | -12,700,000 | 12,300,000 | -300,000 | -600,000 |
| Stock | 89,300,000 | 36,400,000 | 25,900,000 | 30,300,000 | 362,500,000 |
| Debtors | -16,000,000 | -22,700,000 | -76,100,000 | 25,300,000 | 196,200,000 |
| Creditors | 14,100,000 | -1,000,000 | -96,600,000 | 38,400,000 | 107,400,000 |
| Accruals and Deferred Income | -8,600,000 | 5,000,000 | -1,800,000 | 18,700,000 | 72,900,000 |
| Deferred Taxes & Provisions | 1,500,000 | 6,200,000 | 14,000,000 | 0 | 0 |
| Cash flow from operations | -13,600,000 | 56,400,000 | 2,900,000 | 12,200,000 | -367,200,000 |
| Investing Activities | |||||
| capital expenditure | 4,500,000 | 0 | -3,100,000 | -2,700,000 | 7,100,000 |
| Change in Investments | -24,400,000 | 2,400,000 | -8,400,000 | -8,900,000 | 60,300,000 |
| cash flow from investments | 28,900,000 | -2,400,000 | 5,300,000 | 6,200,000 | -53,200,000 |
| Financing Activities | |||||
| Bank loans | 3,500,000 | -28,300,000 | 8,700,000 | 19,500,000 | 1,600,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 5,100,000 | -11,300,000 | -42,300,000 | -37,500,000 | 243,800,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 20,700,000 | -8,800,000 | 100,000 | 13,400,000 | 8,000,000 |
| share issue | |||||
| interest | -13,170,000 | -16,800,000 | -12,000,000 | -17,500,000 | -22,600,000 |
| cash flow from financing | -50,970,000 | -67,600,000 | -68,200,000 | -32,000,000 | 461,300,000 |
| cash and cash equivalents | |||||
| cash | 16,300,000 | -14,100,000 | -23,800,000 | 13,800,000 | 49,100,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 16,300,000 | -14,100,000 | -23,800,000 | 13,800,000 | 49,100,000 |
the munroe group (uk) limited Credit Report and Business Information
The Munroe Group (uk) Limited Competitor Analysis
Perform a competitor analysis for the munroe group (uk) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in EH12 area or any other competitors across 12 key performance metrics.
the munroe group (uk) limited Ownership
THE MUNROE GROUP (UK) LIMITED group structure
The Munroe Group (Uk) Limited has 1 subsidiary company.
Ultimate parent company
THE MUNROE GROUP (UK) LIMITED
SC453116
1 subsidiary
the munroe group (uk) limited directors
The Munroe Group (Uk) Limited currently has 1 director, Mr Michael Carruthers serving since Sep 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Carruthers | 44 years | Sep 2013 | - | Director |
P&L
December 2016turnover
565.3m
+8%
operating profit
70.5m
-3%
gross margin
25.3%
+9.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
300.9m
0%
total assets
713.7m
+0.08%
cash
41.3m
+0.65%
net assets
Total assets minus all liabilities
the munroe group (uk) limited company details
company number
SC453116
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
41100 - Development of building projects
05102 - Mining of hard coal from open cast coal working (surface mining)
incorporation date
June 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2016
previous names
the miller homes group (uk) limited (October 2017)
the miller group (uk) limited (April 2016)
accountant
-
auditor
-
address
miller house 2 lochside view, edinburgh park, edinburgh, EH12 9DH
Bank
THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
the munroe group (uk) 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 did not find charges/mortgages relating to the munroe group (uk) limited.
the munroe group (uk) 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.
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the munroe group (uk) limited Companies House Filings - See Documents
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