MACKAY STEELWORK & CLADDING LIMITED Financials
- Company number
- SC161195CopyCopy
- Registered office
- Delny Industrial Estate, Invergordon, Ross-Shire IV18 0QW
- Incorporated
- 25/10/1995
Company snapshot
- Status
- Active
- Employees
- 25 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
12.95%vs 20232023: £6.26M
Total Assets
3.21%vs 20232023: £7.77M
Cash in Bank
18.26%vs 20232023: £4.75M
Total Liabilities
-37.22%vs 20232023: £1.51M
Employees
-2vs 20232023: 27
In 2024, MACKAY STEELWORK & CLADDING LIMITED reported net assets of £7.07M. The same filing shows total assets of £8.02M, cash in bank of £5.62M and total liabilities of £946.68K. Reported headcount was 25 in 2024. Cash in Bank rose from £4.75M in 2023 to £5.62M in 2024 (18.26%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
12.95%from £6.26M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures MACKAY STEELWORK & CLADDING LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+36%vs 2022+16.6% a year compound (CAGR)
Cash in Bank
+73.1%vs 2022+31.6% a year compound (CAGR)
Total Assets
+19.7%vs 2022+9.4% a year compound (CAGR)
Total Liabilities
-36.9%vs 2022-20.6% a year compound (CAGR)
Employees
-10.7%vs 2022-3Biggest increase
Cash in Bank+73.1%
£3.25M in 2022 to £5.62M in 2024
Biggest decrease
Total Liabilities-36.9%
£1.50M in 2022 to £946.68K in 2024
MACKAY STEELWORK & CLADDING LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MACKAY STEELWORK & CLADDING LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 88.20%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 11.80%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 594.00%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 70.11%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MACKAY STEELWORK & CLADDING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 4.42M | 5.20M | 6.26M | 7.07M |
| Total Assets£ | 6.54M | 6.70M | 7.77M | 8.02M |
| Cash in Bank£ | 3.42M | 3.25M | 4.75M | 5.62M |
| Total Liabilities£ | 1.00M | 1.50M | 1.51M | 946.68K |
| Employees | 30 | 28 | 27 | 25 |
MACKAY STEELWORK & CLADDING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MACKAY STEELWORK & CLADDING LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
MACKAY STEELWORK & CLADDING LIMITED reported net assets of £7.07M for 2024. That compares with £6.26M in 2023, a change of 12.95%.
MACKAY STEELWORK & CLADDING LIMITED reported total assets of £8.02M for 2024. That compares with £7.77M in 2023, a change of 3.21%.
MACKAY STEELWORK & CLADDING LIMITED reported cash in bank of £5.62M for 2024. That compares with £4.75M in 2023, a change of 18.26%.
MACKAY STEELWORK & CLADDING LIMITED reported 25 employees in 2024, compared with 27 in 2023.
Between 2022 and 2024, MACKAY STEELWORK & CLADDING LIMITED's net assets rose by 36%, cash in bank rose by 73.1%, total assets rose by 19.7% and total liabilities fell by 36.9%. Net assets compounded at 16.6% a year across the two years to 2024, from £5.20M to £7.07M. Reported headcount went from 28 in 2022 to 25 in 2024 (-3).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.