Mcadam Group Limited in Belfast, BT5 6BQ

Description

Data updated on: 01-11-2023

This business is known under the name of Mcadam Group Limited. This firm was originally established 4 years ago and was registered with NI671787 as its registration number. This headquarters of the company is registered in Belfast. You can contact it at Unit 1C Montgomery House Castlereagh Business Park, 478 Castlereagh Road. This business's Standard Industrial Classification Code is 70229, that means Management consultancy activities other than financial management. 2022-12-31 is the last time when account status updates were filed.

When it comes to the firm, the majority of director's tasks have so far been done by John F., Neal K., Stephen H. and 2 remaining, listed below. Amongst these five individuals, Martin H. has supervised firm for the longest period of time, having become a vital part of company's Management Board on 2020.

Fergus K. is the individual who has control over this firm, owns 1/2 or less of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 350 401	3 825	747 512
Current Assets	4 306 173	6 725 743	7 127 555
Debtors	2 955 772	4 381 903	5 092 576
Net Assets Liabilities	284 000	667 825	346 528
Other Debtors	726 966	1 200 749	1 159 323

Other Financial Data
Audit Fees Expenses	4 365	16 500	16 500
Accrued Liabilities Deferred Income	798 220	1 063 695	1 159 419
Accumulated Amortisation Impairment Intangible Assets		-33 325	-66 650
Accumulated Depreciation Impairment Property Plant Equipment	9 265	5 478	21 524
Additional Provisions Increase From New Provisions Recognised		6 888
Additions Other Than Through Business Combinations Property Plant Equipment		5 409	45 035
Administration Support Average Number Employees	5	6	6
Administrative Expenses	1 166 638	6 425 400	7 899 435
Amortisation Expense Intangible Assets		-33 325	-33 325
Amounts Owed By Directors	87
Amounts Owed To Directors		87 750	1 802 734
Amounts Owed To Group Undertakings	42 467	224 717	224 717
Applicable Tax Rate	19	19	38
Average Number Employees During Period	105	118	135
Cash Cash Equivalents Cash Flow Value	1 350 401	2 343 840	2 034 979
Cash Flows Used In Acquiring Or Obtaining Control Subsidiaries Or Other Businesses Classified As Investing Activities	-256 925
Comprehensive Income Expense	184 000	653 825	2 321 329
Corporation Tax Payable	108 400	434 031	165 576
Cost Sales	1 004 825	6 183 399	7 638 854
Creditors	302 467	572 467	2 027 451
Current Tax For Period	4 573	434 021	455 576
Debentures In Issue	260 000	260 000
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws			4 738
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		6 888	-1 112
Deferred Tax Liabilities	9 228	16 116	19 742
Depreciation Expense Property Plant Equipment	9 265	47 766	53 261
Depreciation Rate Used For Property Plant Equipment		20	20
Disposals Decrease In Depreciation Impairment Property Plant Equipment		1 285
Disposals Property Plant Equipment		1 285
Dividends Paid		270 000	2 642 626
Dividends Paid Classified As Financing Activities		270 000	2 642 626
Dividends Paid On Shares		270 000	2 642 626
Finance Lease Liabilities Present Value Total		145 354	212 800
Finance Lease Payments Owing Minimum Gross		145 354	212 800
Fixed Assets	-100 685	-35 287	-10 188
Future Minimum Lease Payments Under Non-cancellable Operating Leases	256 000	256 000	256 000
Gain Loss In Cash Flows From Change In Accrued Items		265 475	95 724
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	49 245	671 022	16 639
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-555 656	-1 426 131	-710 673
Gain Loss On Disposals Property Plant Equipment		1 285
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss		-23 171	35 265
Gross Profit Loss	1 137 082	8 755 406	10 282 343
Income Expense Recognised Directly In Equity	100 000	-270 000	-2 642 626
Income Taxes Paid Refund Classified As Operating Activities	-8 235	108 390	548 667
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 350 401	993 439	-308 861
Increase Decrease In Current Tax From Adjustment For Prior Periods			-175 364
Increase Decrease In Existing Provisions			-1 112
Increase Decrease In Net Debt From Cash Flows		-1 410 422	1 441 378
Increase From Amortisation Charge For Year Intangible Assets		-33 325	-33 325
Increase From Depreciation Charge For Year Property Plant Equipment		10 022	8 744
Intangible Assets	-166 623	-133 298	-99 973
Intangible Assets Gross Cost		-166 623	-166 623
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		8 176	14 410
Interest Income On Cash Cash Equivalents	289	65	4 826
Interest Paid Classified As Operating Activities		8 176	14 410
Interest Payable Similar Charges Finance Costs		8 176	14 410
Interest Received Classified As Operating Activities	289	65	4 826
Investments	1 626 467	1 626 467	1 626 467
Investments Fixed Assets	1 626 467	1 626 467	1 626 467
Investments In Group Undertakings	1 626 467	1 626 467	-1 516 000
Issue Equity Instruments	100 000
Key Management Personnel Compensation Total	114 457	505 250	666 290
Net Cash Flows From Used In Financing Activities	1 400 000	-686 983	-1 510 109
Net Cash Flows From Used In Investing Activities	417 727	-78 554	-45 035
Net Cash Flows From Used In Operating Activities	-467 326	1 758 976	1 246 283
Net Cash Generated From Operations	-475 850	1 875 477	1 804 534
Net Current Assets Liabilities	-302 467	-568 642	-1 279 939
Net Debt Funds	-50 401	-1 460 823	-19 445
Net Deferred Tax Liability Asset	9 228	16 116	19 742
Number Shares Issued Fully Paid	100 000	100 000	100 000
Operating Profit Loss	21 296	2 351 955	2 382 908
Other Creditors	17 797	11 167	42 554
Other Departments Average Number Employees	100	112	129
Other Increase Decrease In Provisions			4 738
Other Interest Receivable Similar Income Finance Income	289	65	4 826
Other Operating Income Format1	50 852	21 949
Other Remaining Operating Income	50 852	21 949
Other Taxation Social Security Payable	446 544	712 051	894 615
Par Value Share		1	1
Payments Finance Lease Liabilities Classified As Financing Activities		-145 354	-67 446
Pension Costs Defined Contribution Plan	30 093	177 958	275 818
Pension Other Post-employment Benefit Costs Other Pension Costs	30 093	177 958	275 818
Prepayments Accrued Income	826 079	1 110 549	977 556
Proceeds From Borrowings Classified As Financing Activities	3 000 000	-562 337	1 065 071
Proceeds From Issuing Shares	100 000
Proceeds From Sales Property Plant Equipment		1 285
Profit Loss	184 000	653 825	2 321 329
Profit Loss On Ordinary Activities Before Tax	21 585	2 343 844	2 373 324
Property Plant Equipment Gross Cost	13 169	153 757	198 792
Provisions	9 228	16 116	19 742
Purchase Intangible Assets	-166 623
Purchase Property Plant Equipment	5 821	79 839	45 035
Repayments Borrowings Classified As Financing Activities	1 700 000
Revenue From Rendering Services	2 141 907	14 938 805	17 921 197
Social Security Costs	269 555	453 962	611 254
Staff Costs Employee Benefits Expense	1 045 608	4 873 676	6 248 408
Taxation Including Deferred Taxation Balance Sheet Subtotal	9 228	16 116	19 742
Tax Decrease Increase From Effect Revenue Exempt From Taxation			6 323
Tax Decrease Increase From Effect Tax Incentives		2 578	2 568
Tax Expense Credit Applicable Tax Rate	4 101	439 007	450 932
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	472	4 480	12 423
Tax Increase Decrease From Other Tax Effects Tax Reconciliation		-2 578
Tax Tax Credit On Profit Or Loss On Ordinary Activities	4 573	440 909	283 838
Total Assets Less Current Liabilities	1 324 000	1 057 825	346 528
Total Current Tax Expense Credit		434 021	280 212
Total Deferred Tax Expense Credit		6 888	3 626
Total Operating Lease Payments	8 968	67 324	64 000
Trade Creditors Trade Payables	1 408 287	1 820 432	1 623 120
Trade Debtors Trade Receivables	1 402 640	2 070 605	2 955 697
Turnover Revenue	2 141 907	14 938 805	17 921 197
Wages Salaries	745 960	4 241 756	5 361 336
Advances Credits Directors	87	25 913	1 802 734
Advances Credits Made In Period Directors		87 750	1 715 071
Company Contributions To Money Purchase Plans Directors	4 790	29 250	58 270
Director Remuneration	41 433	462 500	633 998
Director Remuneration Benefits Excluding Payments To Third Parties	114 457	330 750	692 268
Number Directors Accruing Benefits Under Money Purchase Scheme	5	5	5