Pomanda estimates the enterprise value of Corrib Issuer DESIGNATED ACTIVITY COMPANY at €53.3m based on a Turnover of €18.7m and 2.85x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of Corrib Issuer DESIGNATED ACTIVITY COMPANY at €217.3m based on an EBITDA of €35.4m and a 6.14x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of Corrib Issuer DESIGNATED ACTIVITY COMPANY at €67.5m based on Net Assets of €31.4m and 2.15x industry multiple (adjusted for liquidity).
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Corrib Issuer Designated Activity CompanyOverview
Corrib Issuer Designated Activity Company is a live company located in shannon free zone. It operates in the renting and leasing of air passenger transport equipment sector, SIC Code 77351. Founded in June 2022, it's largest shareholder is
ggam finance ltd
with a 100% stake. Corrib Issuer Designated Activity Company is a startup,
mid sized company, Pomanda has estimated its turnover at
€18.7m with
unknown
growth in recent years.
Corrib Issuer Designated Activity Company Health Check
Pomanda's financial health check has awarded Corrib Issuer Designated Activity Company a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
3 Regular
1 Weak
Size
annual sales of €18.7m, make it larger than the average company (€4m)
€18.7m - Corrib Issuer Designated Activity Company
€4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Corrib Issuer Designated Activity Company
- - Industry AVG
Production
with a gross margin of 66.9%, this company has a comparable cost of product (66.9%)
66.9% - Corrib Issuer Designated Activity Company
66.9% - Industry AVG
Profitability
an operating margin of 150.4% make it more profitable than the average company (42.5%)
150.4% - Corrib Issuer Designated Activity Company
42.5% - Industry AVG
Employees
with 24 employees, this is above the industry average (3)
24 - Corrib Issuer Designated Activity Company
3 - Industry AVG
Pay Structure
on an average salary of €153.2k, the company has an equivalent pay structure (€153.2k)
€153.2k - Corrib Issuer Designated Activity Company
€153.2k - Industry AVG
Efficiency
resulting in sales per employee of €778.7k, this is equally as efficient (€803.1k)
€778.7k - Corrib Issuer Designated Activity Company
€803.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Corrib Issuer Designated Activity Company
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Corrib Issuer Designated Activity Company
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Corrib Issuer Designated Activity Company
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (2 weeks)
0 weeks - Corrib Issuer Designated Activity Company
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87%, this is a lower level of debt than the average (99.3%)
87% - Corrib Issuer Designated Activity Company
99.3% - Industry AVG
Corrib Issuer DESIGNATED ACTIVITY COMPANY financials
EXPORT
Corrib Issuer Designated Activity Company's latest turnover from December 2023 is €18.7 million and the company has net assets of €31.4 million. According to their latest financial statements, we estimate that Corrib Issuer Designated Activity Company has 24 employees and maintains cash reserves of €113.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Turnover
18,689,977
472,791
Other Income Or Grants
Cost Of Sales
6,192,481
151,875
Gross Profit
12,497,496
320,916
Admin Expenses
-15,618,403
-15,312,279
Operating Profit
28,115,899
15,633,195
Interest Payable
12,582,923
363,427
Interest Receivable
Pre-Tax Profit
-2,583,722
-238,410
Tax
328,051
24,715
Profit After Tax
-2,255,671
-213,695
Dividends Paid
Retained Profit
-2,255,671
-213,695
Employee Costs
3,677,513
Number Of Employees
24
1
EBITDA*
35,385,804
15,821,976
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Tangible Assets
240,629,533
248,994,215
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
352,765
24,714
Total Fixed Assets
240,629,532
248,994,215
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
108,014
1,770
Cash
113,688
misc current assets
total current assets
221,702
1,771
total assets
240,851,234
248,995,986
Bank overdraft
Bank loan
Trade Creditors
9,465
Group/Directors Accounts
other short term finances
18,644,856
hp & lease commitments
other current liabilities
950,577
973,288
total current liabilities
19,595,434
982,754
loans
333,499,636
384,167,016
hp & lease commitments
Accruals and Deferred Income
other liabilities
23,142,390
22,310,461
provisions
total long term liabilities
189,892,209
214,393,970
total liabilities
209,487,643
215,376,724
net assets
31,363,591
33,619,262
total shareholders funds
31,363,592
33,619,262
Dec 2023
Dec 2022
Operating Activities
Operating Profit
28,115,899
15,633,195
Depreciation
7,269,904
188,781
Amortisation
Tax
328,051
24,715
Stock
Debtors
434,295
26,484
Creditors
-9,465
9,465
Accruals and Deferred Income
-22,711
973,288
Deferred Taxes & Provisions
Cash flow from operations
35,247,383
16,802,960
Investing Activities
capital expenditure
1,094,778
-249,182,996
Change in Investments
cash flow from investments
1,094,778
-249,182,996
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
18,644,856
Long term loans
-50,667,380
384,167,016
Hire Purchase and Lease Commitments
other long term liabilities
831,929
22,310,461
share issue
1
33,832,957
interest
-12,582,923
-363,427
cash flow from financing
-43,773,517
439,947,007
cash and cash equivalents
cash
113,688
overdraft
change in cash
113,688
corrib issuer designated activity company 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 corrib issuer designated activity company. Get real-time insights into corrib issuer designated activity company's credit score, group structure and payment trends.
Corrib Issuer Designated Activity Company Competitor Analysis
Perform a competitor analysis for corrib issuer designated activity company by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in Region Area area or any other competitors across 12 key performance metrics.
corrib issuer designated activity company Ownership
Corrib Issuer DESIGNATED ACTIVITY COMPANY group structure
Corrib Issuer Designated Activity Company has no subsidiary companies.
Ultimate parent company
GGAM FINANCE LTD
#0169965
1 parent
Corrib Issuer DESIGNATED ACTIVITY COMPANY
IE721712
Corrib Issuer DESIGNATED ACTIVITY COMPANY Shareholders
The sole shareholder of Corrib Issuer Designated Activity Company is Ggam Finance Ltd.
ggam finance ltd
100%
corrib issuer designated activity company directors
Corrib Issuer Designated Activity Company currently has 18 directors.
The longest serving directors include
Caragh Burke (Jun 2022) and
Gemma Bannon (Jun 2022).
corrib issuer designated activity company Charges & Mortgages
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 2 charges/mortgages relating to corrib issuer designated activity company. Currently there are 0 open charges and 2 have been satisfied in the past.
corrib issuer designated activity company 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.
Click to start generating capital raising & share issue transactions for Corrib Issuer DESIGNATED ACTIVITY COMPANY. This can take several minutes, an email will notify you when this has completed.
corrib issuer designated activity companyCompanies House Filings - See Documents
