Arona Developments Limited

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arona developments limited Company Information

Live

MatureSmallDeclining

Company Number

NI046329

Website

Registered Address

15 new line, waringstown, co armagh, BT66 7RY

Industry

Construction of domestic buildings

Telephone

02838820150

Next Accounts Due

December 2024

Group Structure

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Directors

Judith McDowell21 Years

Aaron McDowell21 Years

Shareholders

banoge holdings ltd 100%

arona developments limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of ARONA DEVELOPMENTS LIMITED at £3.6m based on Net Assets of £2.8m and 1.26x industry multiple (adjusted for liquidity).

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Arona Developments Limited is a live company located in co armagh, BT66 7RY with a Companies House number of NI046329. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in April 2003, it's largest shareholder is banoge holdings ltd with a 100% stake. Arona Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Arona Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £1.4m, make it larger than the average company (£558.5k)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (7.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARONA DEVELOPMENTS LIMITED group structure

Arona Developments Limited has no subsidiary companies.

Ultimate parent company

BANOGE HOLDINGS LTD

NI631145

1 parent

ARONA DEVELOPMENTS LIMITED

NI046329

ARONA DEVELOPMENTS LIMITED Shareholders

banoge holdings ltd

100%

Arona Developments Limited currently has 2 directors. The longest serving directors include Mrs Judith McDowell (Apr 2003) and Mr Aaron McDowell (Apr 2003).

officer	country	age	start	end	role
Mrs Judith McDowell		47 years	Apr 2003	-	Director
Mr Aaron McDowell		45 years	Apr 2003	-	Director

EXPORT

Arona Developments Limited's latest turnover from March 2023 is estimated at £1.4 million and the company has net assets of £2.8 million. According to their latest financial statements, Arona Developments Limited has 8 employees and maintains cash reserves of £942.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,431,785	3,695,520	1,779,584	2,285,710	2,407,698	2,849,149	1,521,978	679,083	2,837,137	4,752,090	1,871,937	6,186,762	660,835	2,134,792
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,147,117	3,009,749	1,454,771	1,843,562	1,891,325	2,225,052	1,176,161	527,740	2,219,797	3,743,952	1,479,750	4,894,845	520,041	1,666,316
Gross Profit	284,668	685,772	324,813	442,147	516,374	624,097	345,817	151,344	617,340	1,008,138	392,187	1,291,918	140,794	468,476
Admin Expenses	-750,449	108,218	157,007	330,375	-95,204	724,491	5,073	1,675,967	182,338	604,331	357,566	1,440,698	123,006	-1,700,854
Operating Profit	1,035,117	577,554	167,806	111,772	611,578	-100,394	340,744	-1,524,623	435,002	403,807	34,621	-148,780	17,788	2,169,330
Interest Payable	571	376	1,266	4,687	6,558	5,067	3,977	1,739	0	0	0	0	0	0
Interest Receivable	29,518	4,897	717	445	1,177	0	411	3,474	4,229	2,062	6,165	7,579	4,492	2,593
Pre-Tax Profit	1,064,064	582,075	167,257	107,530	606,198	-105,461	337,178	-1,522,889	439,230	405,869	40,786	-141,201	22,281	2,171,924
Tax	-202,172	-110,594	-31,779	-20,431	-115,178	0	-67,435	0	-92,238	-93,350	-9,789	0	-6,239	-608,139
Profit After Tax	861,892	471,481	135,478	87,099	491,020	-105,461	269,742	-1,522,889	346,992	312,519	30,997	-141,201	16,042	1,563,785
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	861,892	471,481	135,478	87,099	491,020	-105,461	269,742	-1,522,889	346,992	312,519	30,997	-141,201	16,042	1,563,785
Employee Costs	347,152	324,162	298,598	305,528	334,936	197,965	228,464	243,810	270,717	486,901	223,059	781,084	102,837	272,575
Number Of Employees	8	8	8	8	8	5	6	6	7	13	6	22	3	8
EBITDA*	1,136,050	646,141	225,873	176,498	649,051	-56,077	395,400	-1,477,108	472,956	424,279	61,151	-117,664	52,935	2,193,861

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	522,377	333,835	244,135	282,266	279,844	190,817	159,833	114,549	317,986	288,249	234,948	255,561	287,701	285,700
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	522,377	333,835	244,135	282,266	279,844	190,817	159,833	114,549	317,986	288,249	234,948	255,561	287,701	285,700
Stock & work in progress	2,205,300	1,910,032	1,391,518	1,228,300	1,307,819	1,351,321	805,000	353,152	778,500	602,184	1,108,250	0	614,750	651,946
Trade Debtors	9,540	438,540	13,700	171,384	172,895	313,461	140,199	1,500	292,976	573,039	128,774	21,974	33,514	101,977
Group Debtors	0	0	0	0	0	0	35,520	45,645	0	0	0	0	0	0
Misc Debtors	419,539	501,141	459,696	99,063	87,482	71,200	37,776	6,502	0	0	0	0	0	0
Cash	942,152	446,936	859,007	575,266	313,914	5	3	328,791	1,060,607	630,904	193,970	2,271,969	759,521	1,037,370
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,576,531	3,296,649	2,723,921	2,074,013	1,882,110	1,735,987	1,018,498	735,590	2,132,083	1,806,127	1,430,994	2,293,943	1,407,785	1,791,293
total assets	4,098,908	3,630,484	2,968,056	2,356,279	2,161,954	1,926,804	1,178,331	850,139	2,450,069	2,094,376	1,665,942	2,549,504	1,695,486	2,076,993
Bank overdraft	0	11,145	0	41,513	112,146	82,155	73,752	53,518	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	184,716	342,903	319,071	298,692	316,594	333,342	106,730	58,776	183,514	196,855	132,803	1,080,878	71,319	283,220
Group/Directors Accounts	875,193	853,820	823,359	166,050	162,000	86,841	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	191,503	437,012	311,503	471,379	279,668	623,940	91,862	101,600	0	0	0	0	0	0
total current liabilities	1,251,412	1,644,880	1,453,933	977,634	870,408	1,126,278	272,344	213,894	183,514	196,855	132,803	1,080,878	71,319	283,220
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	107,421	85,379	33,516	0	14,340	199,988
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	107,421	85,379	33,516	0	14,340	199,988
total liabilities	1,251,412	1,644,880	1,453,933	977,634	870,408	1,126,278	272,344	213,894	290,935	282,234	166,319	1,080,878	85,659	483,208
net assets	2,847,496	1,985,604	1,514,123	1,378,645	1,291,546	800,526	905,987	636,245	2,159,134	1,812,142	1,499,623	1,468,626	1,609,827	1,593,785
total shareholders funds	2,847,496	1,985,604	1,514,123	1,378,645	1,291,546	800,526	905,987	636,245	2,159,134	1,812,142	1,499,623	1,468,626	1,609,827	1,593,785

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,035,117	577,554	167,806	111,772	611,578	-100,394	340,744	-1,524,623	435,002	403,807	34,621	-148,780	17,788	2,169,330
Depreciation	100,933	68,587	58,067	64,726	37,473	44,317	54,656	47,515	37,954	20,472	26,530	31,116	35,147	24,531
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-202,172	-110,594	-31,779	-20,431	-115,178	0	-67,435	0	-92,238	-93,350	-9,789	0	-6,239	-608,139
Stock	295,268	518,514	163,218	-79,519	-43,502	546,321	451,848	-425,348	176,316	-506,066	1,108,250	-614,750	-37,196	651,946
Debtors	-510,602	466,285	202,949	10,070	-124,284	171,166	159,848	-239,329	-280,063	444,265	106,800	-11,540	-68,463	101,977
Creditors	-158,187	23,832	20,379	-17,902	-16,748	226,612	47,954	-124,738	-13,341	64,052	-948,075	1,009,559	-211,901	283,220
Accruals and Deferred Income	-245,509	125,509	-159,876	191,711	-344,272	532,078	-9,738	101,600	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	745,516	-299,911	-311,570	399,325	340,639	-14,874	-245,515	-835,569	471,124	456,782	-2,111,763	1,518,185	-59,546	1,115,019
Investing Activities
capital expenditure	-289,475	-158,287	-19,936	-67,148	-126,500	-75,301	-99,940	155,922	-67,691	-73,773	-5,917	1,024	-37,148	-310,231
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-289,475	-158,287	-19,936	-67,148	-126,500	-75,301	-99,940	155,922	-67,691	-73,773	-5,917	1,024	-37,148	-310,231
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	21,373	30,461	657,309	4,050	75,159	86,841	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-107,421	22,042	51,863	33,516	-14,340	-185,648	199,988
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	30,000
interest	28,947	4,521	-549	-4,242	-5,381	-5,067	-3,566	1,735	4,229	2,062	6,165	7,579	4,492	2,593
cash flow from financing	50,320	34,982	656,760	-192	69,778	81,774	-3,566	-105,686	26,271	53,925	39,681	-6,761	-181,156	232,581
cash and cash equivalents
cash	495,216	-412,071	283,741	261,352	313,909	2	-328,788	-731,816	429,703	436,934	-2,077,999	1,512,448	-277,849	1,037,370
overdraft	-11,145	11,145	-41,513	-70,633	29,991	8,403	20,234	53,518	0	0	0	0	0	0
change in cash	506,361	-423,216	325,254	331,985	283,918	-8,401	-349,022	-785,334	429,703	436,934	-2,077,999	1,512,448	-277,849	1,037,370

P&L

March 2023

turnover

1.4m

-61%

operating profit

gross margin

19.9%

+7.14%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

2.8m

+0.43%

total assets

4.1m

+0.13%

cash

942.2k

+1.11%

net assets

Total assets minus all liabilities

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company number

NI046329

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

April 2003

age

accounts

Total Exemption Full

ultimate parent company

BANOGE HOLDINGS LTD

previous names

N/A

incorporated

address

15 new line, waringstown, co armagh, BT66 7RY

last accounts submitted

March 2023

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 1 charges/mortgages relating to arona developments limited. Currently there are 1 open charges and 0 have been satisfied in the past.

arona developments limited Company Information

arona developments limited Estimated Valuation

arona developments limited Estimated Valuation

arona developments limited Estimated Valuation

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