Pomanda estimates the enterprise value of IRWELL RIVERSIDE DEVELOPMENTS LIMITED at £8.8m based on a Turnover of £13.7m and 0.64x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of IRWELL RIVERSIDE DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-12.5m and a 4.9x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of IRWELL RIVERSIDE DEVELOPMENTS LIMITED at £0 based on Net Assets of £-66.9m and 1.39x industry multiple (adjusted for liquidity).
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Irwell Riverside Developments LimitedOverview
Irwell Riverside Developments Limited is a live company located in manchester, M17 1QS with a Companies House number of 10977340. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2017, it's largest shareholder is
urban splash limited
with a 50% stake. Irwell Riverside Developments Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£13.7m with
rapid
growth in recent years.
Irwell Riverside Developments Limited Health Check
Pomanda's financial health check has awarded Irwell Riverside Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
3 Regular
5 Weak
Size
annual sales of £13.7m, make it larger than the average company (£2.3m)
£13.7m - Irwell Riverside Developments Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (7%)
39% - Irwell Riverside Developments Limited
7% - Industry AVG
Production
with a gross margin of 26%, this company has a comparable cost of product (26%)
26% - Irwell Riverside Developments Limited
26% - Industry AVG
Profitability
an operating margin of -90.8% make it less profitable than the average company (7.2%)
-90.8% - Irwell Riverside Developments Limited
7.2% - Industry AVG
Employees
with 50 employees, this is above the industry average (7)
50 - Irwell Riverside Developments Limited
7 - Industry AVG
Pay Structure
on an average salary of £49k, the company has an equivalent pay structure (£49k)
£49k - Irwell Riverside Developments Limited
£49k - Industry AVG
Efficiency
resulting in sales per employee of £274.6k, this is equally as efficient (£277.7k)
£274.6k - Irwell Riverside Developments Limited
£277.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Irwell Riverside Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (32 days)
27 days - Irwell Riverside Developments Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 915 days, this is more than average (203 days)
915 days - Irwell Riverside Developments Limited
203 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Irwell Riverside Developments Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 342.4%, this is a higher level of debt than the average (74%)
342.4% - Irwell Riverside Developments Limited
74% - Industry AVG
IRWELL RIVERSIDE DEVELOPMENTS LIMITED financials
EXPORT
Irwell Riverside Developments Limited's latest turnover from June 2024 is estimated at £13.7 million and the company has net assets of -£66.9 million. According to their latest financial statements, we estimate that Irwell Riverside Developments Limited has 50 employees and maintains cash reserves of £745.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Sep 2018
Turnover
13,731,328
11,925,180
8,317,586
5,121,744
106,657,041
3,474,461
818,379
Other Income Or Grants
Cost Of Sales
10,164,752
8,793,073
6,268,724
3,917,431
79,913,321
2,517,912
580,561
Gross Profit
3,566,576
3,132,107
2,048,862
1,204,314
26,743,720
956,549
237,818
Admin Expenses
16,041,322
17,892,424
10,767,438
31,376,488
26,742,378
960,810
237,818
Operating Profit
-12,474,746
-14,760,317
-8,718,576
-30,172,174
1,342
-4,261
Interest Payable
433,706
364,912
Interest Receivable
20,007
5,592
4,370
265
60
311
Pre-Tax Profit
-12,454,739
-14,754,725
-9,147,912
-30,536,821
1,402
-3,951
Tax
-266
Profit After Tax
-12,454,739
-14,754,725
-9,147,912
-30,536,821
1,136
-3,951
Dividends Paid
Retained Profit
-12,454,739
-14,754,725
-9,147,912
-30,536,821
1,136
-3,951
Employee Costs
2,448,150
2,015,751
88,514
87,509
17,486,363
84,755
126,425
Number Of Employees
50
43
2
2
409
2
3
EBITDA*
-12,474,746
-14,760,317
-8,718,576
-30,172,174
1,342
-4,261
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Sep 2018
Tangible Assets
Intangible Assets
Investments & Other
156
212
156
156
Debtors (Due After 1 year)
Total Fixed Assets
156
212
156
156
Stock & work in progress
25,506,491
24,976,480
25,566,125
10,862,757
26,117,769
8,755,681
Trade Debtors
135,026
Group Debtors
Misc Debtors
1,342,316
1,228,788
112,254
86,267
167,210
Cash
745,899
16,266
207,423
491,855
37,321
82,799
1
misc current assets
total current assets
27,594,706
26,221,534
25,885,802
11,440,879
26,290,116
9,005,690
1
total assets
27,594,862
26,221,746
25,885,958
11,441,035
26,290,116
9,005,690
1
Bank overdraft
Bank loan
11,964,313
Trade Creditors
779,495
200,907
356,561
594,575
26,292,831
373,228
Group/Directors Accounts
82,195,672
69,723,535
58,361,091
18,598,800
6,370,203
other short term finances
hp & lease commitments
other current liabilities
10,154,705
9,580,730
5,952,358
10,515,304
2,266,110
total current liabilities
93,129,872
79,505,172
64,670,010
41,672,992
26,292,831
9,009,541
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,361,902
1,158,747
903,396
307,579
provisions
total long term liabilities
1,361,902
1,158,747
903,396
307,579
total liabilities
94,491,774
80,663,919
65,573,406
41,980,571
26,292,831
9,009,541
net assets
-66,896,912
-54,442,173
-39,687,448
-30,539,536
-2,715
-3,851
1
total shareholders funds
-66,896,912
-54,442,173
-39,687,448
-30,539,536
-2,715
-3,851
1
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Sep 2018
Operating Activities
Operating Profit
-12,474,746
-14,760,317
-8,718,576
-30,172,174
1,342
-4,261
Depreciation
Amortisation
Tax
-266
Stock
530,011
-589,645
14,703,368
-15,255,012
17,362,088
8,755,681
Debtors
113,528
1,116,534
25,987
-48,759
-32,184
167,210
Creditors
578,588
-155,654
-238,014
-25,698,256
25,919,603
373,228
Accruals and Deferred Income
573,975
3,628,372
-4,562,946
10,515,304
-2,266,110
2,266,110
Deferred Taxes & Provisions
Cash flow from operations
-11,965,722
-11,814,488
-28,248,891
-30,051,355
6,324,665
-6,287,814
Investing Activities
capital expenditure
Change in Investments
-56
56
156
cash flow from investments
56
-56
-156
Financing Activities
Bank loans
-11,964,313
11,964,313
Group/Directors Accounts
12,472,137
11,362,444
39,762,291
18,598,800
-6,370,203
6,370,203
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
203,155
255,351
595,817
307,579
share issue
99
1
interest
20,007
5,592
-429,336
-364,647
60
311
cash flow from financing
12,695,299
11,623,387
27,964,459
30,506,045
-6,370,143
6,370,613
1
cash and cash equivalents
cash
729,633
-191,157
-284,432
454,534
-45,478
82,798
1
overdraft
change in cash
729,633
-191,157
-284,432
454,534
-45,478
82,798
1
irwell riverside developments limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for irwell riverside developments limited. Get real-time insights into irwell riverside developments limited's credit score, group structure and payment trends.
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irwell riverside developments limited Ownership
IRWELL RIVERSIDE DEVELOPMENTS LIMITED group structure
Irwell Riverside Developments Limited has 1 subsidiary company.
The largest shareholders in Irwell Riverside Developments Limited include Urban Splash Limited and Pag Ventures Limited.
urban splash limited
50%
pag ventures limited
50%
irwell riverside developments limited directors
Irwell Riverside Developments Limited currently has 3 directors.
The longest serving directors include
Mr David Savage (Oct 2018) and
Mr David Russell (Feb 2019).
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 7 charges/mortgages relating to irwell riverside developments limited. Currently there are 5 open charges and 2 have been satisfied in the past.
irwell riverside developments 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.
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irwell riverside developments limitedCompanies House Filings - See Documents
