northern ireland railways company limited

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northern ireland railways company limited Company Information

Share NORTHERN IRELAND RAILWAYS COMPANY LIMITED

Company Number

NI006929

Shareholders

northern ireland transport holding company

Group Structure

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Industry

Passenger rail transport, interurban

 +1

Registered Address

22 great victoria street, belfast, BT2 7LX

northern ireland railways company limited Estimated Valuation

£170.7m

Pomanda estimates the enterprise value of NORTHERN IRELAND RAILWAYS COMPANY LIMITED at £170.7m based on a Turnover of £114.7m and 1.49x industry multiple (adjusted for size and gross margin).

northern ireland railways company limited Estimated Valuation

£281.4m

Pomanda estimates the enterprise value of NORTHERN IRELAND RAILWAYS COMPANY LIMITED at £281.4m based on an EBITDA of £49.8m and a 5.65x industry multiple (adjusted for size and gross margin).

northern ireland railways company limited Estimated Valuation

£90.7m

Pomanda estimates the enterprise value of NORTHERN IRELAND RAILWAYS COMPANY LIMITED at £90.7m based on Net Assets of £34.1m and 2.66x industry multiple (adjusted for liquidity).

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Northern Ireland Railways Company Limited Overview

Northern Ireland Railways Company Limited is a live company located in belfast, BT2 7LX with a Companies House number of NI006929. It operates in the passenger rail transport, interurban sector, SIC Code 49100. Founded in April 1967, it's largest shareholder is northern ireland transport holding company with a 100% stake. Northern Ireland Railways Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £114.7m with healthy growth in recent years.

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Northern Ireland Railways Company Limited Health Check

Pomanda's financial health check has awarded Northern Ireland Railways Company Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

5 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £114.7m, make it larger than the average company (£38.5m)

£114.7m - Northern Ireland Railways Company Limited

£38.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.7%)

11% - Northern Ireland Railways Company Limited

6.7% - Industry AVG

production

Production

with a gross margin of 4.5%, this company has a higher cost of product (17.2%)

4.5% - Northern Ireland Railways Company Limited

17.2% - Industry AVG

profitability

Profitability

an operating margin of 0.3% make it less profitable than the average company (0.6%)

0.3% - Northern Ireland Railways Company Limited

0.6% - Industry AVG

employees

Employees

with 1185 employees, this is above the industry average (489)

1185 - Northern Ireland Railways Company Limited

489 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.6k, the company has a lower pay structure (£67.1k)

£52.6k - Northern Ireland Railways Company Limited

£67.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £96.8k, this is less efficient (£212.4k)

£96.8k - Northern Ireland Railways Company Limited

£212.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (9 days)

0 days - Northern Ireland Railways Company Limited

9 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Northern Ireland Railways Company Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 31 days, this is more than average (19 days)

31 days - Northern Ireland Railways Company Limited

19 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)

0 weeks - Northern Ireland Railways Company Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.6%, this is a higher level of debt than the average (75.7%)

96.6% - Northern Ireland Railways Company Limited

75.7% - Industry AVG

NORTHERN IRELAND RAILWAYS COMPANY LIMITED financials

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Northern Ireland Railways Company Limited's latest turnover from March 2024 is £114.7 million and the company has net assets of £34.1 million. According to their latest financial statements, Northern Ireland Railways Company Limited has 1,185 employees and maintains cash reserves of £66 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover114,722,00066,327,00085,731,00084,716,00071,827,00072,250,00068,122,00065,091,00064,333,00059,529,00062,793,00060,531,00056,543,00053,669,00051,909,388
Other Income Or Grants000000000000000
Cost Of Sales109,556,000101,614,00086,391,00077,474,00078,723,00071,313,00067,973,00063,187,00064,167,00057,474,00060,472,00058,330,00055,227,00052,220,00048,438,128
Gross Profit5,166,000-35,287,000-660,0007,242,000-6,896,000937,000149,0001,904,000166,0002,055,0002,321,0002,201,0001,316,0001,449,0003,471,260
Admin Expenses4,851,00011,243,000643,0002,964,0009,767,0004,560,0003,132,000-536,0001,785,0003,900,0004,047,0003,323,0002,836,0001,496,000-18,746,903
Operating Profit315,000-46,530,000-1,303,0004,278,000-16,663,000-3,623,000-2,983,0002,440,000-1,619,000-1,845,000-1,726,000-1,122,000-1,520,000-47,00022,218,163
Interest Payable01,139,0001,500,0001,252,00006,646,0006,333,0001,039,0001,258,000853,0005,781,0005,457,0005,617,0005,963,0004,923,000
Interest Receivable1,636,00000005,201,0004,604,000011,00032,0004,966,0006,453,0006,963,0005,708,0003,820,943
Pre-Tax Profit1,951,000-47,669,000-2,803,0003,026,000-18,244,000-5,068,000-4,712,0001,401,000-2,866,000-2,666,000-2,541,000-2,020,0001,000-143,00021,303,060
Tax-645,00016,409,000-1,028,000-1,695,0001,818,000286,000-21,000-201,000419,000658,000359,000541,000613,000404,000554,817
Profit After Tax1,306,000-31,260,000-3,831,0001,331,000-16,426,000-4,782,000-4,733,0001,200,000-2,447,000-2,008,000-2,182,000-1,479,000614,000261,00021,857,877
Dividends Paid000000000000000
Retained Profit1,306,000-31,260,000-3,831,0001,331,000-16,426,000-4,782,000-4,733,0001,200,000-2,447,000-2,008,000-2,182,000-1,479,000614,000261,00021,857,877
Employee Costs62,356,00060,175,00049,014,00048,263,00048,685,00046,762,00042,619,00042,248,00039,836,00039,080,00037,326,00033,204,00032,660,00032,344,00031,283,524
Number Of Employees1,1851,1111,054990985931901877916935916908895913926
EBITDA*49,753,000-7,671,00033,618,00037,588,000-897,00042,546,000-2,361,0003,244,000-636,000-927,00021,618,00025,627,00041,972,00020,051,00040,348,535

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets634,271,000567,194,000476,263,000391,620,000338,827,000317,898,000324,699,000320,789,000300,422,000289,842,000291,325,000300,024,000282,218,000234,997,000182,709,299
Intangible Assets000000000000000
Investments & Other61,023,00034,940,0001,494,0001,664,0002,404,000744,000753,000988,0001,305,000000172,000323,0000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets695,294,000602,134,000477,757,000393,284,000341,231,000318,642,000325,452,000321,777,000301,727,000289,842,000291,325,000300,024,000282,218,000234,997,000182,709,299
Stock & work in progress9,339,0006,127,0006,226,0005,237,0004,910,0004,897,0004,723,0004,378,0004,688,0005,057,0004,564,0003,703,0004,168,0006,577,0007,825,247
Trade Debtors220,000138,000883,00032,0003,183,0004,249,0001,827,0003,151,0001,897,00051,833,0002,581,0002,131,0001,890,0001,241,0004,085,279
Group Debtors220,060,000116,101,00065,738,00037,968,00034,101,00031,706,00028,058,00025,587,00021,227,000016,618,00011,678,0007,795,0004,239,0000
Misc Debtors85,734,00074,223,00065,579,00056,182,00063,859,00055,541,00040,404,00033,912,00035,744,000024,324,00030,863,00076,466,00043,940,00049,223,093
Cash66,00064,00064,00061,00061,00059,00052,00044,00040,0002,763,0005,262,0009,399,000522,00043,000973,152
misc current assets695,000276,0003,052,00000484,000748,0000141,0001,381,000882,000739,000802,0001,014,0000
total current assets316,114,000196,929,000141,542,00099,480,000106,114,00096,936,00075,812,00067,072,00063,737,00061,034,00054,231,00058,513,00091,643,00057,054,00062,106,771
total assets1,011,408,000799,063,000619,299,000492,764,000447,345,000415,578,000401,264,000388,849,000365,464,000350,876,000345,556,000358,537,000373,861,000292,051,000244,816,070
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 00000000033,391,00000000
Group/Directors Accounts260,365,000156,458,00071,623,00044,725,00033,618,00027,287,00028,083,00021,575,00019,758,00000000162,417
other short term finances000782,0002,013,00000208,0002,107,0001,717,000305,0000000
hp & lease commitments001,0003,0006,0000000000000
other current liabilities67,328,00051,119,00043,120,00032,718,00032,690,00027,469,00025,729,00024,258,00022,870,0004,985,00033,470,00037,186,00069,636,00033,977,0009,561,883
total current liabilities327,693,000207,577,000114,744,00078,228,00068,327,00054,756,00053,812,00046,041,00044,735,00040,093,00033,775,00037,186,00069,636,00033,977,0009,724,300
loans219,000222,0000142,0001,669,000138,00000811,000933,000376,0000000
hp & lease commitments00002,0000000000000
Accruals and Deferred Income636,608,000569,427,000478,550,000393,670,000363,052,000338,673,000324,504,000319,858,000298,779,000287,897,00000000
other liabilities0000061,637,000000000000
provisions12,833,00000000000038,626,00037,652,00038,508,00034,800,0001,621,647
total long term liabilities649,660,000569,649,000515,547,000458,325,000417,385,000400,448,000376,849,000384,888,000328,704,000326,818,00019,689,00018,826,00019,254,00017,400,00032,188,647
total liabilities977,353,000777,226,000630,291,000536,553,000485,712,000455,204,000430,661,000430,929,000373,439,000366,911,00053,464,00056,012,00088,890,00051,377,00041,912,947
net assets34,055,00021,837,000-10,992,000-43,789,000-38,367,000-39,626,000-29,397,000-42,080,000-7,975,000-16,035,000292,092,000302,525,000284,971,000240,674,000202,903,123
total shareholders funds34,055,00021,837,000-10,992,000-43,789,000-38,367,000-39,626,000-29,397,000-42,080,000-7,975,000-16,035,000292,092,000302,525,000284,971,000240,674,000202,903,123
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit315,000-46,530,000-1,303,0004,278,000-16,663,000-3,623,000-2,983,0002,440,000-1,619,000-1,845,000-1,726,000-1,122,000-1,520,000-47,00022,218,163
Depreciation49,438,00038,859,00034,921,00033,310,00015,766,00046,169,000622,000804,000983,000918,00023,344,00026,749,00043,492,00020,098,00018,130,372
Amortisation000000000000000
Tax-645,00016,409,000-1,028,000-1,695,0001,818,000286,000-21,000-201,000419,000658,000359,000541,000613,000404,000554,817
Stock3,212,000-99,000989,000327,00013,000174,000345,000-310,000-369,000493,000861,000-465,000-2,409,000-1,248,2477,825,247
Debtors115,552,00058,262,00038,018,000-6,961,0009,647,00021,207,0007,639,0003,782,0007,035,0008,310,000-1,149,000-41,479,00036,731,000-3,888,37253,308,372
Creditors00000000-33,391,00033,391,00000000
Accruals and Deferred Income83,390,00098,876,00095,282,00030,646,00029,600,00015,909,0006,117,00022,467,00028,767,000259,412,000-3,716,000-32,450,00035,659,00024,415,1179,561,883
Deferred Taxes & Provisions12,833,00000000000-38,626,000974,000-856,0003,708,00033,178,3531,621,647
Cash flow from operations26,567,00049,451,00088,865,00073,173,00020,861,00037,360,000-4,249,00022,038,000-11,507,000245,105,00019,523,00034,806,00047,630,00083,185,089-9,046,737
Investing Activities
capital expenditure-116,515,000-129,790,000-119,564,000-86,103,000-36,695,000-39,368,000-4,532,000-21,171,000-11,563,000565,000-14,645,000-44,555,000-90,713,000-72,385,701-200,839,671
Change in Investments26,083,00033,446,000-170,000-740,0001,660,000-9,000-235,000-317,0001,305,00000-172,000-151,000323,0000
cash flow from investments-142,598,000-163,236,000-119,394,000-85,363,000-38,355,000-39,359,000-4,297,000-20,854,000-12,868,000565,000-14,645,000-44,383,000-90,562,000-72,708,701-200,839,671
Financing Activities
Bank loans000000000000000
Group/Directors Accounts103,907,00084,835,00026,898,00011,107,0006,331,000-796,0006,508,0001,817,00019,758,0000000-162,417162,417
Other Short Term Loans 00-782,000-1,231,0002,013,0000-208,000-1,899,000390,0001,412,000305,0000000
Long term loans-3,000222,000-142,000-1,527,0001,531,000138,0000-811,000-122,000557,000376,0000000
Hire Purchase and Lease Commitments0-1,000-2,000-5,0008,0000000000000
other long term liabilities0000-61,637,00061,637,000000000000
share issue10,912,00064,089,00036,628,000-6,753,00017,685,000-5,447,00017,416,000-35,305,00010,507,000-306,119,000-8,251,00019,033,00043,683,00037,509,877181,045,246
interest1,636,000-1,139,000-1,500,000-1,252,0000-1,445,000-1,729,000-1,039,000-1,247,000-821,000-815,000996,0001,346,000-255,000-1,102,057
cash flow from financing116,452,000148,006,00061,100,000339,000-34,069,00054,087,00021,987,000-37,237,00029,286,000-304,971,000-8,385,00020,029,00045,029,00037,092,460180,105,606
cash and cash equivalents
cash2,00003,00002,0007,0008,0004,000-2,723,000-2,499,000-4,137,0008,877,000479,000-930,152973,152
overdraft000000000000000
change in cash2,00003,00002,0007,0008,0004,000-2,723,000-2,499,000-4,137,0008,877,000479,000-930,152973,152

northern ireland railways company limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Northern Ireland Railways Company Limited Competitor Analysis

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Perform a competitor analysis for northern ireland railways company limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in BT2 area or any other competitors across 12 key performance metrics.

northern ireland railways company limited Ownership

NORTHERN IRELAND RAILWAYS COMPANY LIMITED group structure

Northern Ireland Railways Company Limited has 2 subsidiary companies.

Ultimate parent company

NORTHERN IRELAND TRANSPORT HOLDING CO

#0005950

1 parent

NORTHERN IRELAND RAILWAYS COMPANY LIMITED

NI006929

2 subsidiaries

NORTHERN IRELAND RAILWAYS COMPANY LIMITED Shareholders

northern ireland transport holding company 100%

northern ireland railways company limited directors

Northern Ireland Railways Company Limited currently has 8 directors. The longest serving directors include Mr Christopher Conway (Sep 2015) and Mr Michael Wardlow (Mar 2021).

officercountryagestartendrole
Mr Christopher ConwayNorthern Ireland61 years Sep 2015- Director
Mr Michael Wardlow71 years Mar 2021- Director
Mr Michael BrownNorthern Ireland60 years Oct 2021- Director
Mr Edward WillsNorthern Ireland44 years Oct 2021- Director
Mr Michael BrownEngland60 years Oct 2021- Director
Mr Donald Leeson63 years Oct 2024- Director
Ms Grainne McVeigh68 years Oct 2024- Director
Mr Manish GuptaEngland55 years Oct 2024- Director

P&L

March 2024

turnover

114.7m

+73%

operating profit

315k

-101%

gross margin

4.6%

-108.46%

turnover

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

Balance Sheet

March 2024

net assets

34.1m

+0.56%

total assets

1b

+0.27%

cash

66k

+0.03%

net assets

Total assets minus all liabilities

northern ireland railways company limited company details

company number

NI006929

Type

Private limited with Share Capital

industry

49100 - Passenger rail transport, interurban

49311 - Urban, suburban or metropolitan area passenger railway transportation by underground, metro and similar systems

incorporation date

April 1967

age

58

incorporated

UK

ultimate parent company

NORTHERN IRELAND TRANSPORT HOLDING CO

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

GRANT THORNTON (NI) LLP

address

22 great victoria street, belfast, BT2 7LX

Bank

BARCLAYS BANK PLC

Legal Advisor

-

northern ireland railways company limited 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 did not find charges/mortgages relating to northern ireland railways company limited.

northern ireland railways company 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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northern ireland railways company limited Companies House Filings - See Documents

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