Peter Mccormack & Sons Limited

Peter McCormack & Sons Limited is a small, holding company active in Northern Ireland, established 24 years ago in 2000. The company, with 22 employees and £4,904,904 in assets, operates from a real address in Maghera and is managed by six directors and one owner. It holds a stellar 5.0 Google rating based on three reviews. The company is an irregular importer, specializing in machinery, boilers, and mechanical appliances; parts, with recent activity in January 01, 2024.

The company's website highlights its expertise in directional drilling and utility construction, offering services like auger boring and vacuum excavation. It's a leading installer of trenchless technology, providing turnkey utility services for water, gas, electric, and telecommunications industries. The site details projects like the Foyle River Crossing HDD and the Cherrywood Drilling Project, showcasing its capabilities in HDD and civil engineering. It also features a design team and auger boring services, emphasizing its commitment to quality and innovation. The company even announces its nomination for a New Installation HDD Award, demonstrating its industry recognition.

Financially, Peter McCormack & Sons Limited presents a mixed picture. While current assets increased by 16%, to £4,900,000, net assets grew by a more substantial 33%, reaching £7,600,000. However, cash reserves declined by 56%, falling to £580,000, and bank borrowings surged by 17%, to £140,000. Trade debtors have also increased significantly, rising by 120% to £3,000,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in cash reserves and increase in debt warrants attention. The company’s accounts are unaudited, relying on director-reported data. The company is compliant with FRS 102 and the small companies regime.

Registered in Northern Ireland under the registration number NI038813, with a registered address at BT46 5SN, 17 Kilrea Road, Maghera.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.