diamond corrugated cases limited
diamond corrugated cases limited Company Information
Company Number
NI009409
Website
www.diamondcorr.comRegistered Address
13 pennyburn industrial estate, londonderry, co londonderry, BT48 0LU
Industry
Manufacture of paper and paperboard containers other than sacks and bags
Telephone
02871262957
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
pennyburn industries limited 100%
diamond corrugated cases limited Estimated Valuation
Pomanda estimates the enterprise value of DIAMOND CORRUGATED CASES LIMITED at £15.9m based on a Turnover of £24.4m and 0.65x industry multiple (adjusted for size and gross margin).
diamond corrugated cases limited Estimated Valuation
Pomanda estimates the enterprise value of DIAMOND CORRUGATED CASES LIMITED at £16m based on an EBITDA of £3.5m and a 4.53x industry multiple (adjusted for size and gross margin).
diamond corrugated cases limited Estimated Valuation
Pomanda estimates the enterprise value of DIAMOND CORRUGATED CASES LIMITED at £26.6m based on Net Assets of £15.4m and 1.72x industry multiple (adjusted for liquidity).
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Diamond Corrugated Cases Limited Overview
Diamond Corrugated Cases Limited is a live company located in co londonderry, BT48 0LU with a Companies House number of NI009409. It operates in the manufacture of other paper and paperboard containers sector, SIC Code 17219. Founded in April 1973, it's largest shareholder is pennyburn industries limited with a 100% stake. Diamond Corrugated Cases Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.4m with healthy growth in recent years.
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Diamond Corrugated Cases Limited Health Check
Pomanda's financial health check has awarded Diamond Corrugated Cases Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £24.4m, make it larger than the average company (£18.1m)
£24.4m - Diamond Corrugated Cases Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (8.5%)
7% - Diamond Corrugated Cases Limited
8.5% - Industry AVG
Production
with a gross margin of 23.9%, this company has a comparable cost of product (25.2%)
23.9% - Diamond Corrugated Cases Limited
25.2% - Industry AVG
Profitability
an operating margin of 10.5% make it more profitable than the average company (6.5%)
10.5% - Diamond Corrugated Cases Limited
6.5% - Industry AVG
Employees
with 94 employees, this is similar to the industry average (96)
94 - Diamond Corrugated Cases Limited
96 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£37.2k)
£31.9k - Diamond Corrugated Cases Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £259.9k, this is more efficient (£182.4k)
£259.9k - Diamond Corrugated Cases Limited
£182.4k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (64 days)
55 days - Diamond Corrugated Cases Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (59 days)
35 days - Diamond Corrugated Cases Limited
59 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is less than average (40 days)
26 days - Diamond Corrugated Cases Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (7 weeks)
36 weeks - Diamond Corrugated Cases Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.4%, this is a lower level of debt than the average (62.5%)
23.4% - Diamond Corrugated Cases Limited
62.5% - Industry AVG
DIAMOND CORRUGATED CASES LIMITED financials
Diamond Corrugated Cases Limited's latest turnover from March 2023 is £24.4 million and the company has net assets of £15.4 million. According to their latest financial statements, Diamond Corrugated Cases Limited has 94 employees and maintains cash reserves of £2.6 million 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 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,430,220 | 23,811,123 | 18,152,371 | 20,143,466 | 20,445,036 | 17,907,913 | 15,845,154 | 14,259,454 | 14,570,341 | 14,293,473 | 12,867,189 | 12,240,384 | 11,701,093 | 9,979,935 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 18,599,665 | 18,581,078 | 13,644,890 | 16,084,039 | 16,842,810 | 14,252,616 | 13,061,650 | 11,804,855 | 11,744,889 | 10,836,579 | 10,303,597 | 9,883,435 | 8,259,041 | |
| Gross Profit | 5,830,555 | 5,230,045 | 4,507,481 | 4,059,427 | 3,602,226 | 3,655,297 | 2,783,504 | 2,454,599 | 2,548,584 | 2,030,610 | 1,936,787 | 1,817,658 | 1,720,894 | |
| Admin Expenses | 3,268,808 | 3,237,286 | 2,929,960 | 2,586,560 | 2,071,140 | 2,352,683 | 1,929,935 | 1,743,244 | 1,843,579 | 1,627,358 | 1,457,836 | 1,487,182 | 1,580,341 | |
| Operating Profit | 2,561,747 | 1,992,759 | 1,577,521 | 1,472,867 | 1,531,086 | 1,302,614 | 853,569 | 711,355 | 720,411 | 705,005 | 403,252 | 478,951 | 330,476 | 140,553 |
| Interest Payable | 11,947 | 33,219 | 58,507 | 63,277 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 291 | 722 |
| Interest Receivable | 0 | 0 | 0 | 1,341 | 4,422 | 2,450 | 3,265 | 1,077 | 1,884 | 2,344 | 1,832 | 10,144 | 3,947 | 4,163 |
| Pre-Tax Profit | 2,618,853 | 2,011,772 | 1,555,155 | 1,539,455 | 1,535,508 | 1,305,064 | 856,834 | 712,432 | 722,295 | 707,349 | 405,084 | 489,095 | 334,132 | 143,994 |
| Tax | -810,153 | -308,003 | -213,429 | -350,512 | -316,672 | -73,583 | -136,924 | 86,662 | 0 | -144,984 | -68,984 | -42,643 | -96,495 | 0 |
| Profit After Tax | 1,808,700 | 1,703,769 | 1,341,726 | 1,188,943 | 1,218,836 | 1,231,481 | 719,910 | 799,094 | 722,295 | 562,365 | 336,100 | 446,452 | 237,637 | 143,994 |
| Dividends Paid | 425,000 | 407,000 | 160,000 | 184,000 | 225,600 | 0 | 78,125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,383,700 | 1,296,769 | 1,181,726 | 1,004,943 | 993,236 | 1,231,481 | 641,785 | 799,094 | 722,295 | 562,365 | 336,100 | 446,452 | 237,637 | 143,994 |
| Employee Costs | 2,999,605 | 3,360,599 | 3,043,589 | 3,270,714 | 2,916,821 | 2,998,682 | 2,650,477 | 2,329,280 | 2,119,053 | 2,049,246 | 1,867,356 | 1,574,573 | 1,868,139 | 1,832,307 |
| Number Of Employees | 94 | 100 | 101 | 101 | 85 | 80 | 76 | 68 | 64 | 58 | 55 | 49 | 48 | 46 |
| EBITDA* | 3,545,863 | 2,984,405 | 2,450,369 | 2,286,618 | 2,257,082 | 1,992,714 | 1,505,884 | 1,223,965 | 1,197,527 | 1,183,368 | 842,131 | 869,959 | 772,714 | 554,730 |
* 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 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,711,265 | 8,539,344 | 9,435,318 | 9,272,973 | 7,513,656 | 8,078,433 | 8,425,994 | 8,773,733 | 8,932,447 | 5,006,462 | 5,362,239 | 5,709,573 | 3,969,144 | 4,391,880 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 709,998 | 709,998 | 709,998 | 709,998 | 709,998 | 709,998 | 709,998 | 29,998 | 29,998 | 29,998 | 29,998 | 29,998 | 39,998 | 39,998 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,711,265 | 8,539,344 | 9,435,318 | 9,982,971 | 8,223,654 | 8,788,431 | 9,135,992 | 8,803,731 | 8,962,445 | 5,036,460 | 5,392,237 | 5,739,571 | 4,009,142 | 4,431,878 |
| Stock & work in progress | 1,344,760 | 2,177,133 | 950,873 | 825,527 | 1,064,878 | 776,990 | 691,002 | 509,470 | 488,961 | 475,843 | 437,324 | 570,334 | 377,637 | 385,285 |
| Trade Debtors | 3,687,924 | 4,877,143 | 2,922,901 | 3,439,452 | 3,940,451 | 3,504,554 | 2,976,376 | 2,643,280 | 2,414,454 | 2,654,028 | 2,261,066 | 2,282,307 | 2,051,783 | 1,821,120 |
| Group Debtors | 4,730,607 | 2,418,590 | 0 | 2,414,150 | 0 | 0 | 0 | 0 | 0 | 165,000 | 0 | 165,000 | 165,000 | 0 |
| Misc Debtors | 50,488 | 116,378 | 2,529,001 | 123,563 | 971,372 | 448,768 | 251,419 | 392,141 | 284,080 | 119,696 | 227,417 | 189,747 | 135,316 | 321,965 |
| Cash | 2,631,634 | 1,815,621 | 1,414,928 | 1,182,965 | 2,428,314 | 2,062,609 | 1,233,282 | 1,431,534 | 406,562 | 856,741 | 248,770 | 900,787 | 591,635 | 148,489 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,445,413 | 11,404,865 | 7,817,703 | 7,985,657 | 8,405,015 | 6,792,921 | 5,152,079 | 4,976,425 | 3,594,057 | 4,271,308 | 3,174,577 | 4,108,175 | 3,321,371 | 2,676,859 |
| total assets | 20,156,678 | 19,944,209 | 17,253,021 | 17,968,628 | 16,628,669 | 15,581,352 | 14,288,071 | 13,780,156 | 12,556,502 | 9,307,768 | 8,566,814 | 9,847,746 | 7,330,513 | 7,108,737 |
| Bank overdraft | 0 | 0 | 43,679 | 534,031 | 606,780 | 551,720 | 464,526 | 493,104 | 229,915 | 159,314 | 20,846 | 1,022,311 | 45,551 | 583,131 |
| Bank loan | 0 | 0 | 270,589 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 531 |
| Trade Creditors | 1,806,098 | 2,409,771 | 1,617,108 | 2,461,154 | 2,562,237 | 2,179,363 | 2,131,833 | 2,162,237 | 1,839,910 | 1,752,304 | 1,537,750 | 1,753,166 | 1,705,067 | 1,263,558 |
| Group/Directors Accounts | 1,051,251 | 1,926,027 | 374,375 | 256,074 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 72,068 | 100,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 256,860 | 240,000 | 0 | 0 | 0 |
| hp & lease commitments | 149,776 | 20,057 | 20,057 | 2,450 | 88,000 | 88,000 | 88,000 | 95,652 | 12,154 | 15,226 | 15,226 | 0 | 0 | 2,111 |
| other current liabilities | 698,249 | 428,764 | 243,677 | 824,207 | 584,552 | 376,708 | 338,731 | 206,137 | 3,112,718 | 352,713 | 270,005 | 1,349,777 | 240,143 | 216,388 |
| total current liabilities | 3,705,374 | 4,784,619 | 2,569,485 | 4,077,916 | 3,841,575 | 3,195,791 | 3,023,090 | 2,957,130 | 5,194,697 | 2,536,417 | 2,083,827 | 4,197,322 | 2,090,761 | 2,065,719 |
| loans | 0 | 299,552 | 1,811,584 | 1,416,557 | 1,584,191 | 2,123,311 | 2,185,455 | 2,265,850 | 0 | 221,216 | 435,586 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 149,776 | 191,267 | 21,433 | 22,000 | 110,000 | 198,000 | 286,000 | 7,652 | 3,807 | 19,033 | 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 | 391,534 | 432,826 | 474,118 | 556,701 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,006,378 | 1,890,798 | 2,020,196 | 866,802 | 208,392 | 131,683 | 51,148 | 0 | 0 | 0 | 0 | 0 | 0 | 2,141 |
| total long term liabilities | 1,003,189 | 1,095,175 | 1,915,890 | 2,304,792 | 2,206,117 | 2,797,820 | 2,908,721 | 3,108,551 | 7,652 | 225,023 | 454,619 | 0 | 0 | 2,141 |
| total liabilities | 4,708,563 | 5,879,794 | 4,485,375 | 6,382,708 | 6,047,692 | 5,993,611 | 5,931,811 | 6,065,681 | 5,202,349 | 2,761,440 | 2,538,446 | 4,197,322 | 2,090,761 | 2,067,860 |
| net assets | 15,448,115 | 14,064,415 | 12,767,646 | 11,585,920 | 10,580,977 | 9,587,741 | 8,356,260 | 7,714,475 | 7,354,153 | 6,546,328 | 6,028,368 | 5,650,424 | 5,239,752 | 5,040,877 |
| total shareholders funds | 15,448,115 | 14,064,415 | 12,767,646 | 11,585,920 | 10,580,977 | 9,587,741 | 8,356,260 | 7,714,475 | 7,354,153 | 6,546,328 | 6,028,368 | 5,650,424 | 5,239,752 | 5,040,877 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,561,747 | 1,992,759 | 1,577,521 | 1,472,867 | 1,531,086 | 1,302,614 | 853,569 | 711,355 | 720,411 | 705,005 | 403,252 | 478,951 | 330,476 | 140,553 |
| Depreciation | 984,116 | 991,646 | 872,848 | 813,751 | 725,996 | 690,100 | 652,315 | 512,610 | 477,116 | 478,363 | 438,879 | 391,008 | 442,238 | 414,177 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -810,153 | -308,003 | -213,429 | -350,512 | -316,672 | -73,583 | -136,924 | 86,662 | 0 | -144,984 | -68,984 | -42,643 | -96,495 | 0 |
| Stock | -832,373 | 1,226,260 | 125,346 | -239,351 | 287,888 | 85,988 | 181,532 | 20,509 | 13,118 | 38,519 | -133,010 | 192,697 | -7,648 | 385,285 |
| Debtors | 1,056,908 | 1,960,209 | -525,263 | 1,065,342 | 958,501 | 725,527 | 192,374 | 336,887 | -240,190 | 450,241 | -148,571 | 284,955 | 209,014 | 2,143,085 |
| Creditors | -603,673 | 792,663 | -844,046 | -101,083 | 382,874 | 47,530 | -30,404 | 322,327 | 87,606 | 214,554 | -215,416 | 48,099 | 441,509 | 1,263,558 |
| Accruals and Deferred Income | 269,485 | 185,087 | -580,530 | 239,655 | 207,844 | 37,977 | 132,594 | -2,906,581 | 2,760,005 | 82,708 | -1,079,772 | 1,109,634 | 23,755 | 216,388 |
| Deferred Taxes & Provisions | 115,580 | -129,398 | 1,153,394 | 658,410 | 76,709 | 80,535 | 51,148 | 0 | 0 | 0 | 0 | 0 | -2,141 | 2,141 |
| Cash flow from operations | 2,292,567 | 338,285 | 2,365,675 | 1,907,097 | 1,361,448 | 1,273,658 | 1,148,392 | -1,631,023 | 4,272,210 | 846,886 | -240,460 | 1,507,397 | 937,976 | -491,553 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | -161,220 | -333,119 | -961,338 | -350,197 | -4,402,301 | -118,778 | -57,286 | -2,122,982 | -2,448 | -639,510 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 680,000 | 0 | 0 | 0 | 0 | -10,000 | 0 | 39,998 |
| cash flow from investments | 0 | -161,220 | -333,119 | -1,641,338 | -350,197 | -4,402,301 | -118,778 | -57,286 | -2,112,982 | -2,448 | -679,508 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | -270,589 | 270,589 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -531 | 531 |
| Group/Directors Accounts | -874,776 | 1,551,652 | 118,301 | 256,068 | 6 | 0 | 0 | 0 | 0 | 0 | -72,068 | -27,932 | 100,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -256,860 | 16,860 | 240,000 | 0 | 0 | 0 |
| Long term loans | -299,552 | -1,512,032 | 395,027 | -167,634 | -539,120 | -62,144 | -80,395 | 2,265,850 | -221,216 | -214,370 | 435,586 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -20,057 | -41,491 | 187,441 | -86,117 | -88,000 | -88,000 | -95,652 | 361,846 | 773 | -15,226 | 34,259 | 0 | -2,111 | 2,111 |
| other long term liabilities | 0 | 0 | 0 | -391,534 | -41,292 | -41,292 | -82,583 | 556,701 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -11,947 | -33,219 | -58,507 | -61,936 | 4,422 | 2,450 | 3,265 | 1,077 | 1,884 | 2,344 | 1,832 | 10,144 | 3,656 | 3,441 |
| cash flow from financing | -1,206,332 | -305,679 | 912,851 | -451,153 | -663,984 | -188,986 | -255,365 | 2,746,702 | -389,889 | -254,797 | 681,453 | -53,568 | 62,252 | 4,902,966 |
| cash and cash equivalents | ||||||||||||||
| cash | 816,013 | 400,693 | 231,963 | -1,245,349 | 365,705 | 829,327 | -198,252 | 1,024,972 | -450,179 | 607,971 | -652,017 | 309,152 | 443,146 | 148,489 |
| overdraft | 0 | -43,679 | -490,352 | -72,749 | 55,060 | 87,194 | -28,578 | 263,189 | 70,601 | 138,468 | -1,001,465 | 976,760 | -537,580 | 583,131 |
| change in cash | 816,013 | 444,372 | 722,315 | -1,172,600 | 310,645 | 742,133 | -169,674 | 761,783 | -520,780 | 469,503 | 349,448 | -667,608 | 980,726 | -434,642 |
diamond corrugated cases limited Credit Report and Business Information
Diamond Corrugated Cases Limited Competitor Analysis
Perform a competitor analysis for diamond corrugated cases limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BT48 area or any other competitors across 12 key performance metrics.
diamond corrugated cases limited Ownership
DIAMOND CORRUGATED CASES LIMITED group structure
Diamond Corrugated Cases Limited has 3 subsidiary companies.
Ultimate parent company
RICHTHORN LTD
#0130605
2 parents
DIAMOND CORRUGATED CASES LIMITED
NI009409
3 subsidiaries
diamond corrugated cases limited directors
Diamond Corrugated Cases Limited currently has 6 directors. The longest serving directors include Mrs Mary Diamond (Sep 1998) and Mr Paul Diamond (Sep 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Mary Diamond | United Kingdom | 66 years | Sep 1998 | - | Director |
| Mr Paul Diamond | Northern Ireland | 68 years | Sep 1998 | - | Director |
| Mr Niall Diamond | 39 years | Dec 2014 | - | Director | |
| Mr Gerard O'Callaghan | 50 years | May 2019 | - | Director | |
| Mr Gary Murray | 41 years | Apr 2020 | - | Director | |
| Mr Gerard Diamond | Northern Ireland | 34 years | Oct 2020 | - | Director |
P&L
March 2023turnover
24.4m
+3%
operating profit
2.6m
+29%
gross margin
23.9%
+8.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
15.4m
+0.1%
total assets
20.2m
+0.01%
cash
2.6m
+0.45%
net assets
Total assets minus all liabilities
diamond corrugated cases limited company details
company number
NI009409
Type
Private limited with Share Capital
industry
17219 - Manufacture of paper and paperboard containers other than sacks and bags
incorporation date
April 1973
age
51
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
March 2023
previous names
londonderry box company limited (January 2000)
londonderry box company limited (January 1950)
accountant
-
auditor
ASM (M) LTD
address
13 pennyburn industrial estate, londonderry, co londonderry, BT48 0LU
Bank
BANK OF IRELAND
Legal Advisor
MILLAR MCCALL WHYLIE
diamond corrugated cases 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 found 7 charges/mortgages relating to diamond corrugated cases limited. Currently there are 7 open charges and 0 have been satisfied in the past.
diamond corrugated cases limited Companies House Filings - See Documents
| date | description | view/download |
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