Drenagh Farms Limited

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drenagh farms limited Company Information

Live

MatureMicroHigh

Company Number

NI004536

Next Accounts

Apr 2025

Industry

Other personal service activities n.e.c.

Directors

Conolly McCausland

Shareholders

conolly patrick mccausland

Group Structure

View All

Contact

Registered Address

estate office drenagh, limavady, county londonderry, BT49 0HP

Website

www.drenagh.com

drenagh farms limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of DRENAGH FARMS LIMITED at £5.1m based on Net Assets of £2.5m and 2.08x industry multiple (adjusted for liquidity).

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Drenagh Farms Limited is a live company located in county londonderry, BT49 0HP with a Companies House number of NI004536. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 1960, it's largest shareholder is conolly patrick mccausland with a 100% stake. Drenagh Farms Limited is a mature, micro sized company, Pomanda has estimated its turnover at £422.8k with high growth in recent years.

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Pomanda's financial health check has awarded Drenagh Farms Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

3 Weak

Size

annual sales of £422.8k, make it smaller than the average company (£855.3k)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.9%)

EXPORT

Drenagh Farms Limited's latest turnover from July 2023 is estimated at £422.8 thousand and the company has net assets of £2.5 million. According to their latest financial statements, Drenagh Farms Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	422,849	205,490	84,149	260,704	115,967	9,168,490	9,192,907	9,504,084	8,999,101	12,212,996	11,112,768	9,403,254	7,040,408	2,190,902
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	246,384	122,237	50,738	157,643	69,414	5,521,795	5,426,628	5,483,253	5,357,705	7,252,466	6,359,310	5,451,477	3,905,442	1,233,129
Gross Profit	176,465	83,253	33,411	103,061	46,554	3,646,695	3,766,279	4,020,831	3,641,396	4,960,531	4,753,458	3,951,777	3,134,966	957,773
Admin Expenses	7,082	-25,741	-41,431	647,325	-219,272	3,641,205	3,726,412	4,071,644	1,569,685	5,293,737	4,893,895	3,992,958	3,514,480	-511,404
Operating Profit	169,383	108,994	74,842	-544,264	265,826	5,490	39,867	-50,813	2,071,711	-333,206	-140,437	-41,181	-379,514	1,469,177
Interest Payable	101,657	55,418	37,728	18,208	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	90	29	23	24	20	34	486	432	118	117	3	105	105
Pre-Tax Profit	67,725	53,665	37,143	-562,449	265,849	5,510	39,901	-50,327	2,072,143	-333,088	-140,320	-41,178	-379,409	1,469,282
Tax	-16,931	-10,196	-7,057	0	-50,511	-1,047	-7,581	0	-414,428	0	0	0	0	-411,399
Profit After Tax	50,794	43,469	30,086	-562,449	215,338	4,463	32,320	-50,327	1,657,714	-333,088	-140,320	-41,178	-379,409	1,057,883
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	50,794	43,469	30,086	-562,449	215,338	4,463	32,320	-50,327	1,657,714	-333,088	-140,320	-41,178	-379,409	1,057,883
Employee Costs	138,468	44,383	27,784	105,210	53,668	3,181,719	3,186,055	3,285,677	3,038,358	5,252,745	4,806,880	3,988,103	2,917,464	762,984
Number Of Employees	7	2	1	4	2	124	129	123	115	212	194	162	120	31
EBITDA*	186,520	120,682	87,593	-531,513	277,102	16,766	51,143	-39,627	2,086,625	-292,737	-107,999	8,771	-320,088	1,552,847

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,371,145	2,176,223	1,903,409	1,803,874	1,732,695	1,802,920	1,814,196	1,824,572	2,210,758	10,942,309	10,930,249	10,805,202	1,999,295	1,933,708
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,154,350	1,166,265	1,176,461	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	1,078,776	1,221,847	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,525,495	3,342,488	3,079,870	2,882,650	2,954,542	1,802,920	1,814,196	1,824,572	2,210,758	10,942,309	10,930,249	10,805,202	1,999,295	1,933,708
Stock & work in progress	0	0	0	0	0	0	0	0	0	279,717	279,717	235,480	182,410	165,830
Trade Debtors	25,390	25,976	0	31,026	2,598	1,220,547	1,245,747	1,203,165	1,161,473	1,487,734	1,480,346	1,301,580	1,040,475	293,321
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	9,451	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	14,400	43,171	2,609	3,695	4,146	23,267	171,218	1,558	45,824	924	284	41,806
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	25,390	35,427	14,400	74,197	5,207	1,224,242	1,249,893	1,226,432	1,332,691	1,769,009	1,805,887	1,537,984	1,223,169	500,957
total assets	3,550,885	3,377,915	3,094,270	2,956,847	2,959,749	3,027,162	3,064,089	3,051,004	3,543,449	12,711,318	12,736,136	12,343,186	3,222,464	2,434,665
Bank overdraft	26,775	38,784	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	63,811	24,157	18,154	7,819	43,123	162,550	204,736	216,262	262,222	768,941	433,966	209,377	126,690	99,482
Group/Directors Accounts	0	0	0	0	0	0	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	53,732	11,807	15,078	2,594	4,715	1,291	495	8,204	0	0	0	0	0	0
total current liabilities	144,318	74,748	33,232	10,413	47,838	163,841	205,231	224,466	262,222	768,941	433,966	209,377	126,690	99,482
loans	932,756	850,000	640,000	596,972	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	30,150	41,490	0	0	0	0	0	29,362	2,908,976	2,935,681	2,627,000	2,400,000	1,260,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	932,756	880,150	681,490	596,972	0	0	0	0	29,362	2,908,976	2,935,681	2,627,000	2,400,000	1,260,000
total liabilities	1,077,074	954,898	714,722	607,385	47,838	163,841	205,231	224,466	291,584	3,677,917	3,369,647	2,836,377	2,526,690	1,359,482
net assets	2,473,811	2,423,017	2,379,548	2,349,462	2,911,911	2,863,321	2,858,858	2,826,538	3,251,865	9,033,401	9,366,489	9,506,809	695,774	1,075,183
total shareholders funds	2,473,811	2,423,017	2,379,548	2,349,462	2,911,911	2,863,321	2,858,858	2,826,538	3,251,865	9,033,401	9,366,489	9,506,809	695,774	1,075,183

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	169,383	108,994	74,842	-544,264	265,826	5,490	39,867	-50,813	2,071,711	-333,206	-140,437	-41,181	-379,514	1,469,177
Depreciation	17,137	11,688	12,751	12,751	11,276	11,276	11,276	11,186	14,914	40,469	32,438	49,952	59,426	83,670
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-16,931	-10,196	-7,057	0	-50,511	-1,047	-7,581	0	-414,428	0	0	0	0	-411,399
Stock	0	0	0	0	0	0	0	0	-279,717	0	44,237	53,070	16,580	165,830
Debtors	-10,037	35,427	-1,109,802	-114,643	3,898	-25,200	42,582	41,692	-326,261	7,388	178,766	261,105	747,154	293,321
Creditors	39,654	6,003	10,335	-35,304	-119,427	-42,186	-11,526	-45,960	-506,719	334,975	224,589	82,687	27,208	99,482
Accruals and Deferred Income	41,925	-3,271	12,484	-2,121	3,424	796	-7,709	8,204	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	261,205	77,791	1,213,157	-454,295	106,690	-471	-18,255	-119,075	1,771,456	34,850	-106,413	-222,717	-1,056,614	781,779
Investing Activities
capital expenditure	-212,059	-284,502	-112,286	-83,930	58,949	0	-900	375,000	8,716,637	-52,529	-157,485	-8,855,859	-125,013	-2,017,378
Change in Investments	-11,915	-10,196	1,176,461	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-200,144	-274,306	-1,288,747	-83,930	58,949	0	-900	375,000	8,716,637	-52,529	-157,485	-8,855,859	-125,013	-2,017,378
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	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	82,756	210,000	43,028	596,972	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	-30,150	-11,340	41,490	0	0	0	0	-29,362	-2,879,614	-26,705	308,681	227,000	1,140,000	1,260,000
share issue	0	0	0	0	-166,748	0	0	-375,000	-7,439,250	0	0	8,852,213	0	17,300
interest	-101,657	-55,328	-37,699	-18,185	24	20	34	486	432	118	117	3	105	105
cash flow from financing	-49,051	143,332	46,819	578,787	-166,724	20	34	-403,876	-10,318,432	-26,587	308,798	9,079,216	1,140,105	1,277,405
cash and cash equivalents
cash	0	-14,400	-28,771	40,562	-1,086	-451	-19,121	-147,951	169,660	-44,266	44,900	640	-41,522	41,806
overdraft	-12,009	38,784	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	12,009	-53,184	-28,771	40,562	-1,086	-451	-19,121	-147,951	169,660	-44,266	44,900	640	-41,522	41,806

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRENAGH FARMS LIMITED group structure

Drenagh Farms Limited has no subsidiary companies.

Ultimate parent company

DRENAGH FARMS LIMITED

NI004536

DRENAGH FARMS LIMITED Shareholders

conolly patrick mccausland

100%

Drenagh Farms Limited currently has 1 director, Mr Conolly McCausland serving since Dec 1999.

officer	country	age	start	end	role
Mr Conolly McCausland		60 years	Dec 1999	-	Director

P&L

July 2023

turnover

422.8k

+106%

operating profit

169.4k

gross margin

41.8%

+3.01%

turnover

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

Balance Sheet

July 2023

net assets

2.5m

+0.02%

total assets

3.6m

+0.05%

cash

net assets

Total assets minus all liabilities

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company number

NI004536

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

April 1960

ultimate parent company

None

previous names

N/A

address

estate office drenagh, limavady, county londonderry, BT49 0HP

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 26 charges/mortgages relating to drenagh farms limited. Currently there are 1 open charges and 25 have been satisfied in the past.

drenagh farms limited Company Information

drenagh farms limited Estimated Valuation

drenagh farms limited Estimated Valuation

drenagh farms limited Estimated Valuation

Drenagh Farms Limited Overview

Drenagh Farms Limited Health Check

DRENAGH FARMS LIMITED financials

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drenagh farms limited Ownership

drenagh farms limited directors

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drenagh farms limited Charges & Mortgages

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