mcmenon engineering services limited
mcmenon engineering services limited Company Information
Company Number
SC575305
Next Accounts
Sep 2025
Directors
Shareholders
mcmenon associates limited
Group Structure
View All
Industry
Manufacture of tools
Registered Address
5 carden place, aberdeen, AB10 1UT
Website
www.mcmenon.commcmenon engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of MCMENON ENGINEERING SERVICES LIMITED at £4.6m based on a Turnover of £7.8m and 0.6x industry multiple (adjusted for size and gross margin).
mcmenon engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of MCMENON ENGINEERING SERVICES LIMITED at £796.9k based on an EBITDA of £172.3k and a 4.62x industry multiple (adjusted for size and gross margin).
mcmenon engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of MCMENON ENGINEERING SERVICES LIMITED at £5.9m based on Net Assets of £2.8m and 2.08x industry multiple (adjusted for liquidity).
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Mcmenon Engineering Services Limited Overview
Mcmenon Engineering Services Limited is a live company located in aberdeen, AB10 1UT with a Companies House number of SC575305. It operates in the manufacture of tools sector, SIC Code 25730. Founded in September 2017, it's largest shareholder is mcmenon associates limited with a 100% stake. Mcmenon Engineering Services Limited is a young, mid sized company, Pomanda has estimated its turnover at £7.8m with healthy growth in recent years.
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Mcmenon Engineering Services Limited Health Check
Pomanda's financial health check has awarded Mcmenon Engineering Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £7.8m, make it smaller than the average company (£10.8m)
£7.8m - Mcmenon Engineering Services Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.7%)
- Mcmenon Engineering Services Limited
4.7% - Industry AVG
Production
with a gross margin of 33.3%, this company has a comparable cost of product (33.3%)
33.3% - Mcmenon Engineering Services Limited
33.3% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (5.1%)
0.6% - Mcmenon Engineering Services Limited
5.1% - Industry AVG
Employees
with 68 employees, this is similar to the industry average (60)
68 - Mcmenon Engineering Services Limited
60 - Industry AVG
Pay Structure
on an average salary of £40k, the company has an equivalent pay structure (£45.5k)
£40k - Mcmenon Engineering Services Limited
£45.5k - Industry AVG
Efficiency
resulting in sales per employee of £114.3k, this is less efficient (£184k)
£114.3k - Mcmenon Engineering Services Limited
£184k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is earlier than average (75 days)
47 days - Mcmenon Engineering Services Limited
75 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (31 days)
67 days - Mcmenon Engineering Services Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 135 days, this is in line with average (129 days)
135 days - Mcmenon Engineering Services Limited
129 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (16 weeks)
27 weeks - Mcmenon Engineering Services Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.1%, this is a higher level of debt than the average (33.9%)
50.1% - Mcmenon Engineering Services Limited
33.9% - Industry AVG
MCMENON ENGINEERING SERVICES LIMITED financials
Mcmenon Engineering Services Limited's latest turnover from December 2023 is £7.8 million and the company has net assets of £2.8 million. According to their latest financial statements, Mcmenon Engineering Services Limited has 68 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 7,770,272 | |||||
| Other Income Or Grants | ||||||
| Cost Of Sales | 5,179,934 | |||||
| Gross Profit | 2,590,338 | |||||
| Admin Expenses | 2,541,807 | |||||
| Operating Profit | 48,531 | |||||
| Interest Payable | 53,377 | |||||
| Interest Receivable | 2,815 | |||||
| Pre-Tax Profit | -2,031 | |||||
| Tax | 160,633 | |||||
| Profit After Tax | 158,602 | |||||
| Dividends Paid | ||||||
| Retained Profit | 158,602 | |||||
| Employee Costs | 2,718,162 | |||||
| Number Of Employees | 68 | 59 | 60 | 54 | 60 | 54 |
| EBITDA* | 172,303 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 864,361 | 660,777 | 724,080 | 852,165 | 976,852 | 1,090,771 |
| Intangible Assets | 3 | 350,003 | 200,003 | 3 | 3 | 3 |
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 864,364 | 1,010,780 | 924,083 | 852,168 | 976,855 | 1,090,774 |
| Stock & work in progress | 1,920,103 | 1,442,270 | 727,683 | 699,445 | 687,303 | 539,615 |
| Trade Debtors | 1,017,503 | 1,568,927 | 1,664,688 | 1,483,909 | 1,760,089 | 1,018,852 |
| Group Debtors | 10,351 | 37,109 | ||||
| Misc Debtors | 839,425 | 707,876 | 319,761 | 202,208 | 245,873 | 66,015 |
| Cash | 1,056,617 | 1,139,051 | 699,310 | 1,367,887 | 1,313,094 | 1,625,355 |
| misc current assets | ||||||
| total current assets | 4,843,999 | 4,895,233 | 3,411,442 | 3,753,449 | 4,006,359 | 3,249,837 |
| total assets | 5,708,363 | 5,906,013 | 4,335,525 | 4,605,617 | 4,983,214 | 4,340,611 |
| Bank overdraft | 279,207 | 182,909 | 148,743 | 105,333 | 105,333 | |
| Bank loan | 302,499 | |||||
| Trade Creditors | 957,590 | 891,709 | 473,770 | 445,862 | 898,418 | 461,486 |
| Group/Directors Accounts | 8,927 | 46,758 | 49,649 | 46,924 | 406,258 | 46,758 |
| other short term finances | 491,014 | |||||
| hp & lease commitments | 55,266 | 12,246 | 12,970 | 12,564 | 13,799 | 13,799 |
| other current liabilities | 151,428 | 594,000 | 427,272 | 999,531 | 888,144 | 1,428,787 |
| total current liabilities | 1,966,724 | 1,823,920 | 1,146,570 | 1,653,624 | 2,311,952 | 2,056,163 |
| loans | 747,472 | 661,336 | 155,197 | 196,439 | 101,556 | 206,889 |
| hp & lease commitments | 146,837 | 12,246 | 25,215 | 39,517 | 53,316 | |
| Accruals and Deferred Income | ||||||
| other liabilities | 382,029 | 300,000 | 600,000 | 900,000 | 1,200,000 | |
| provisions | ||||||
| total long term liabilities | 894,309 | 1,043,365 | 467,443 | 821,654 | 1,041,073 | 1,460,205 |
| total liabilities | 2,861,033 | 2,867,285 | 1,614,013 | 2,475,278 | 3,353,025 | 3,516,368 |
| net assets | 2,847,330 | 3,038,728 | 2,721,512 | 2,130,339 | 1,630,189 | 824,243 |
| total shareholders funds | 2,847,330 | 3,038,728 | 2,721,512 | 2,130,339 | 1,630,189 | 824,243 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 48,531 | |||||
| Depreciation | 123,772 | 164,897 | 154,574 | 151,789 | 144,365 | 112,170 |
| Amortisation | ||||||
| Tax | 160,633 | |||||
| Stock | 477,833 | 714,587 | 28,238 | 12,142 | 147,688 | 539,615 |
| Debtors | -446,633 | 329,463 | 298,332 | -319,845 | 921,095 | 1,084,867 |
| Creditors | 65,881 | 417,939 | 27,908 | -452,556 | 436,932 | 461,486 |
| Accruals and Deferred Income | -442,572 | 166,728 | -572,259 | 111,387 | -540,643 | 1,428,787 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | -74,955 | |||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 302,499 | |||||
| Group/Directors Accounts | -37,831 | -2,891 | 2,725 | -359,334 | 359,500 | 46,758 |
| Other Short Term Loans | 491,014 | |||||
| Long term loans | 86,136 | 506,139 | -41,242 | 94,883 | -105,333 | 206,889 |
| Hire Purchase and Lease Commitments | 189,857 | -12,970 | -12,563 | -15,537 | -13,799 | 67,115 |
| other long term liabilities | -382,029 | 82,029 | -300,000 | -300,000 | -300,000 | 1,200,000 |
| share issue | ||||||
| interest | -50,562 | |||||
| cash flow from financing | 249,084 | |||||
| cash and cash equivalents | ||||||
| cash | -82,434 | 439,741 | -668,577 | 54,793 | -312,261 | 1,625,355 |
| overdraft | -279,207 | 96,298 | 34,166 | 43,410 | 105,333 | |
| change in cash | 196,773 | 343,443 | -702,743 | 11,383 | -312,261 | 1,520,022 |
mcmenon engineering services limited Credit Report and Business Information
Mcmenon Engineering Services Limited Competitor Analysis
Perform a competitor analysis for mcmenon engineering services limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in AB10 area or any other competitors across 12 key performance metrics.
mcmenon engineering services limited Ownership
MCMENON ENGINEERING SERVICES LIMITED group structure
Mcmenon Engineering Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
MCMENON ENGINEERING SERVICES LIMITED
SC575305
mcmenon engineering services limited directors
Mcmenon Engineering Services Limited currently has 1 director, Mr Anand Puthran serving since Sep 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anand Puthran | 48 years | Sep 2017 | - | Director |
P&L
December 2023turnover
7.8m
0%
operating profit
48.5k
0%
gross margin
33.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.8m
-0.06%
total assets
5.7m
-0.03%
cash
1.1m
-0.07%
net assets
Total assets minus all liabilities
mcmenon engineering services limited company details
company number
SC575305
Type
Private limited with Share Capital
industry
25730 - Manufacture of tools
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ARMSTRONG WATSON AUDIT LIMITED
address
5 carden place, aberdeen, AB10 1UT
Bank
-
Legal Advisor
-
mcmenon engineering services 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 found 5 charges/mortgages relating to mcmenon engineering services limited. Currently there are 5 open charges and 0 have been satisfied in the past.
mcmenon engineering services 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.
Click to start generating capital raising & share issue transactions for MCMENON ENGINEERING SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
mcmenon engineering services limited Companies House Filings - See Documents
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