h.& j. martin limited
h.& j. martin limited Company Information
Company Number
NI00R273
Next Accounts
Dec 2025
Shareholders
h & j martin group limited
Group Structure
View All
Industry
Construction of commercial buildings
+1Registered Address
rosemount house, 21-23 sydenham road, belfast, BT3 9HA
Website
https://www.hjmartin.co.ukh.& j. martin limited Estimated Valuation
Pomanda estimates the enterprise value of H.& J. MARTIN LIMITED at £23.1m based on a Turnover of £50.8m and 0.45x industry multiple (adjusted for size and gross margin).
h.& j. martin limited Estimated Valuation
Pomanda estimates the enterprise value of H.& J. MARTIN LIMITED at £2.6m based on an EBITDA of £460.9k and a 5.68x industry multiple (adjusted for size and gross margin).
h.& j. martin limited Estimated Valuation
Pomanda estimates the enterprise value of H.& J. MARTIN LIMITED at £6.3m based on Net Assets of £3.7m and 1.73x industry multiple (adjusted for liquidity).
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H.& J. Martin Limited Overview
H.& J. Martin Limited is a live company located in belfast, BT3 9HA with a Companies House number of NI00R273. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in April 1898, it's largest shareholder is h & j martin group limited with a 100% stake. H.& J. Martin Limited is a mature, large sized company, Pomanda has estimated its turnover at £50.8m with high growth in recent years.
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H.& J. Martin Limited Health Check
Pomanda's financial health check has awarded H.& J. Martin Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £50.8m, make it larger than the average company (£5.8m)
£50.8m - H.& J. Martin Limited
£5.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (10.3%)
16% - H.& J. Martin Limited
10.3% - Industry AVG
Production
with a gross margin of 9.8%, this company has a higher cost of product (23.5%)
9.8% - H.& J. Martin Limited
23.5% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (6.7%)
0.8% - H.& J. Martin Limited
6.7% - Industry AVG
Employees
with 242 employees, this is above the industry average (17)
242 - H.& J. Martin Limited
17 - Industry AVG
Pay Structure
on an average salary of £45.1k, the company has an equivalent pay structure (£39.1k)
£45.1k - H.& J. Martin Limited
£39.1k - Industry AVG
Efficiency
resulting in sales per employee of £210.1k, this is equally as efficient (£225.2k)
£210.1k - H.& J. Martin Limited
£225.2k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (47 days)
98 days - H.& J. Martin Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (38 days)
57 days - H.& J. Martin Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - H.& J. Martin Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (27 weeks)
15 weeks - H.& J. Martin Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.9%, this is a higher level of debt than the average (60.4%)
80.9% - H.& J. Martin Limited
60.4% - Industry AVG
H.& J. MARTIN LIMITED financials
H.& J. Martin Limited's latest turnover from March 2024 is £50.8 million and the company has net assets of £3.7 million. According to their latest financial statements, H.& J. Martin Limited has 242 employees and maintains cash reserves of £4.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 50,845,632 | 45,039,724 | 39,120,230 | 32,611,918 | 31,857,368 | 35,271,919 | 44,358,522 | 43,164,889 | 47,598,391 | 98,542,148 | 89,834,826 | 100,853,732 | 96,366,695 | 70,016,818 | 76,422,713 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 45,879,537 | 40,505,735 | 35,437,868 | 30,420,958 | 28,372,576 | 32,295,284 | 41,468,192 | 39,743,953 | 44,342,168 | 95,728,749 | 86,558,616 | 97,451,875 | 89,778,803 | 63,950,360 | 70,781,122 |
| Gross Profit | 4,966,095 | 4,533,989 | 3,682,362 | 2,190,960 | 3,484,792 | 2,976,635 | 2,890,330 | 3,420,936 | 3,256,223 | 2,813,399 | 3,276,210 | 3,401,857 | 6,587,892 | 6,066,458 | 5,641,591 |
| Admin Expenses | 4,585,663 | 3,507,475 | 2,381,758 | 981,868 | 2,375,789 | 2,006,155 | 4,730,608 | 3,196,010 | 3,196,470 | 8,470,833 | 7,101,736 | 4,415,805 | 5,590,602 | 4,865,908 | 4,238,504 |
| Operating Profit | 380,432 | 1,026,514 | 1,300,604 | 1,209,092 | 1,109,003 | 970,480 | -1,840,278 | 224,926 | 59,753 | -5,657,434 | -3,825,526 | -1,013,948 | 997,290 | 1,200,550 | 1,403,087 |
| Interest Payable | 11,478 | 86,780 | 118,852 | 136,895 | 40,127 | 128,914 | 48,717 | 71,867 | 77,081 | 81,325 | 30,144 | ||||
| Interest Receivable | 15,382 | 31,920 | 5 | 5,460 | 33,205 | 101,759 | 94,984 | 83,382 | 125,471 | ||||||
| Pre-Tax Profit | 380,432 | 1,026,514 | 1,315,986 | 1,209,092 | 1,097,525 | 915,599 | -1,959,130 | 88,031 | 19,631 | -5,780,888 | -5,719,530 | -2,666,397 | 703,445 | 1,202,607 | 1,498,414 |
| Tax | -3,522 | -82,622 | 17,516 | -21,784 | -5,508 | -18,387 | -16,336 | -11,091 | 89,110 | 267 | -3,195 | -191,823 | -256,294 | -403,387 | |
| Profit After Tax | 376,910 | 943,892 | 1,333,502 | 1,187,308 | 1,092,017 | 897,212 | -1,975,466 | 76,940 | 19,631 | -5,691,778 | -5,719,263 | -2,669,592 | 511,622 | 946,313 | 1,095,027 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 376,910 | 943,892 | 1,333,502 | 1,187,308 | 1,092,017 | 897,212 | -1,975,466 | 76,940 | 19,631 | -5,691,778 | -5,719,263 | -2,669,592 | 511,622 | 946,313 | 1,095,027 |
| Employee Costs | 10,916,363 | 9,225,025 | 7,674,305 | 6,980,951 | 7,376,193 | 7,939,537 | 9,618,446 | 9,464,445 | 10,746,777 | 15,141,636 | 10,724,229 | 9,907,976 | 9,590,967 | 9,546,853 | 9,085,681 |
| Number Of Employees | 242 | 251 | 211 | 206 | 204 | 202 | 263 | 303 | 325 | 290 | 262 | 249 | 243 | 235 | |
| EBITDA* | 460,878 | 1,082,255 | 1,300,604 | 1,219,630 | 1,130,787 | 1,071,042 | -1,750,015 | 303,888 | 156,760 | -5,426,166 | -3,580,564 | -776,385 | 1,262,585 | 1,499,644 | 1,683,780 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 435,393 | 177,567 | 10,538 | 32,322 | 132,884 | 210,296 | 192,373 | 141,856 | 505,530 | 725,163 | 754,885 | 796,158 | 781,966 | ||
| Intangible Assets | |||||||||||||||
| Investments & Other | 21 | 21 | 21 | 21 | 21 | 3,244,540 | 3,244,540 | 3,244,540 | 3,244,540 | ||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 435,393 | 177,567 | 10,538 | 32,322 | 132,905 | 210,317 | 192,394 | 141,877 | 505,551 | 3,969,703 | 3,999,425 | 4,040,698 | 4,026,506 | ||
| Stock & work in progress | 143,212 | 143,212 | 143,212 | 623,280 | 623,280 | 550,680 | 542,166 | 540,327 | |||||||
| Trade Debtors | 13,711,032 | 14,255,072 | 12,211,972 | 11,017,982 | 11,023,544 | 11,284,788 | 13,246,040 | 16,032,231 | 13,829,992 | 18,122,410 | 18,916,819 | 6,976,728 | 22,626,446 | 15,465,324 | 13,311,036 |
| Group Debtors | 218,413 | 138,806 | 217,029 | 1,125 | 60,344 | 102,231 | 5,490,322 | 2,828,109 | 1,778,994 | 3,331,002 | 1,994,412 | 1,001,178 | 2,752,783 | 1,302,821 | 1,665,694 |
| Misc Debtors | 302,941 | 45,318 | 76,008 | 153,678 | 988,114 | 283,173 | 211,171 | 634,379 | 232,431 | 394,204 | 255,078 | 13,703,522 | 328,887 | 361,070 | 321,426 |
| Cash | 4,441,201 | 3,503,876 | 4,424,583 | 6,116,548 | 6,579,355 | 4,616,977 | 885,260 | 3,916,725 | 4,875,136 | 6,748,630 | 4,743,071 | 5,952,759 | |||
| misc current assets | |||||||||||||||
| total current assets | 18,673,587 | 17,943,072 | 16,929,592 | 17,289,333 | 18,651,357 | 16,287,169 | 18,947,533 | 19,637,931 | 16,869,889 | 21,990,828 | 25,706,314 | 27,179,844 | 33,007,426 | 22,414,452 | 21,791,242 |
| total assets | 19,108,980 | 18,120,639 | 16,929,592 | 17,289,333 | 18,661,895 | 16,319,491 | 19,080,438 | 19,848,248 | 17,062,283 | 22,132,705 | 26,211,865 | 31,149,547 | 37,006,851 | 26,455,150 | 25,817,748 |
| Bank overdraft | 2,408,395 | 3,455,293 | 916,479 | 2,084,621 | 26,346 | ||||||||||
| Bank loan | 256,234 | 245,890 | 247,221 | 244,132 | |||||||||||
| Trade Creditors | 7,254,606 | 5,191,669 | 4,277,074 | 5,023,457 | 4,557,287 | 6,004,977 | 8,085,662 | 14,888,094 | 14,597,093 | 15,056,325 | 15,078,246 | 14,923,924 | 15,569,085 | 10,920,141 | 11,355,267 |
| Group/Directors Accounts | 1,699,958 | 274,966 | 50,929 | 98,363 | 3,474,140 | 387,839 | 357,436 | 1,081,167 | 527,043 | 401,909 | 431,568 | 557,847 | 999,796 | 1,255,103 | 1,251,042 |
| other short term finances | 271,311 | ||||||||||||||
| hp & lease commitments | 3,884 | 12,009 | 34,493 | 31,694 | 613 | 18,155 | 40,592 | 33,276 | 27,000 | 78,329 | |||||
| other current liabilities | 5,704,739 | 5,374,723 | 6,765,200 | 7,664,626 | 7,314,889 | 5,290,834 | 5,843,688 | 2,108,498 | 1,562,463 | 8,442,267 | 9,108,212 | 8,059,176 | 9,886,973 | 4,033,417 | 3,565,875 |
| total current liabilities | 14,659,303 | 10,841,358 | 11,093,203 | 12,786,446 | 15,346,316 | 14,095,929 | 17,754,088 | 19,028,731 | 18,802,914 | 23,927,460 | 24,907,492 | 23,837,773 | 26,735,020 | 16,482,882 | 16,494,645 |
| loans | 2,517,701 | 2,600,000 | 269,955 | 536,978 | 798,012 | 1,068,162 | |||||||||
| hp & lease commitments | 34,493 | 7,350 | 25,533 | 48,975 | 26,998 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 792,486 | 499,000 | |||||||||||||
| total long term liabilities | 792,486 | 499,000 | 2,517,701 | 34,493 | 2,600,000 | 7,350 | 295,488 | 585,953 | 798,012 | 1,095,160 | |||||
| total liabilities | 15,451,789 | 11,340,358 | 11,093,203 | 12,786,446 | 15,346,316 | 14,095,929 | 17,754,088 | 21,546,432 | 18,837,407 | 26,527,460 | 24,914,842 | 24,133,261 | 27,320,973 | 17,280,894 | 17,589,805 |
| net assets | 3,657,191 | 6,780,281 | 5,836,389 | 4,502,887 | 3,315,579 | 2,223,562 | 1,326,350 | -1,698,184 | -1,775,124 | -4,394,755 | 1,297,023 | 7,016,286 | 9,685,878 | 9,174,256 | 8,227,943 |
| total shareholders funds | 3,657,191 | 6,780,281 | 5,836,389 | 4,502,887 | 3,315,579 | 2,223,562 | 1,326,350 | -1,698,184 | -1,775,124 | -4,394,755 | 1,297,023 | 7,016,286 | 9,685,878 | 9,174,256 | 8,227,943 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 380,432 | 1,026,514 | 1,300,604 | 1,209,092 | 1,109,003 | 970,480 | -1,840,278 | 224,926 | 59,753 | -5,657,434 | -3,825,526 | -1,013,948 | 997,290 | 1,200,550 | 1,403,087 |
| Depreciation | 80,446 | 55,741 | 10,538 | 21,784 | 100,562 | 90,263 | 78,962 | 97,007 | 231,268 | 244,962 | 237,563 | 265,295 | 299,094 | 280,693 | |
| Amortisation | |||||||||||||||
| Tax | -3,522 | -82,622 | 17,516 | -21,784 | -5,508 | -18,387 | -16,336 | -11,091 | 89,110 | 267 | -3,195 | -191,823 | -256,294 | -403,387 | |
| Stock | -143,212 | 143,212 | 72,600 | 8,514 | 1,839 | 540,327 | |||||||||
| Debtors | -206,810 | 1,934,187 | 1,332,224 | -899,217 | 401,810 | -7,277,341 | -547,186 | 3,653,302 | -6,006,199 | 21,847,616 | -515,119 | -4,026,688 | 8,578,901 | 1,831,059 | 15,298,156 |
| Creditors | 2,062,937 | 914,595 | -746,383 | 466,170 | -1,447,690 | -2,080,685 | -6,802,432 | 291,001 | -459,232 | 15,056,325 | 154,322 | -645,161 | 4,648,944 | -435,126 | 11,355,267 |
| Accruals and Deferred Income | 330,016 | -1,390,477 | -899,426 | 349,737 | 2,024,055 | -552,854 | 3,735,190 | 546,035 | -6,879,804 | 8,442,267 | 1,049,036 | -1,827,797 | 5,853,556 | 467,542 | 3,565,875 |
| Deferred Taxes & Provisions | 293,486 | 499,000 | |||||||||||||
| Cash flow from operations | 3,350,605 | -911,436 | -1,659,913 | 2,912,970 | 1,299,834 | 5,696,457 | -4,143,195 | -2,523,469 | -1,176,077 | -3,829,292 | 701,550 | 2,985,847 | 363,052 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -21 | 21 | -3,244,519 | 3,244,540 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -256,234 | 10,344 | -1,331 | 3,089 | 244,132 | ||||||||||
| Group/Directors Accounts | 1,424,992 | 224,037 | -47,434 | -3,375,777 | 3,086,301 | 30,403 | -723,731 | 554,124 | 125,134 | 401,909 | -126,279 | -441,949 | -255,307 | 4,061 | 1,251,042 |
| Other Short Term Loans | 271,311 | ||||||||||||||
| Long term loans | -2,517,701 | 2,517,701 | -2,600,000 | 2,600,000 | -269,955 | -267,023 | -261,034 | -270,150 | 1,068,162 | ||||||
| Hire Purchase and Lease Commitments | -3,884 | -8,125 | -22,484 | -31,694 | 65,574 | 613 | -40,620 | -16,126 | 55,251 | -78,327 | 105,327 | ||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 15,382 | -11,478 | -54,860 | -118,852 | -136,895 | -40,122 | -123,454 | -15,512 | 29,892 | 17,903 | 2,057 | 95,327 | |||
| cash flow from financing | -2,075,008 | 224,037 | -32,052 | -3,375,777 | 3,070,939 | -32,582 | 1,617,232 | 2,903,236 | 150,586 | 4,176,091 | -437,289 | -684,862 | -444,518 | -339,270 | 9,896,906 |
| cash and cash equivalents | |||||||||||||||
| cash | 937,325 | -920,707 | -1,691,965 | -462,807 | 1,962,378 | 4,616,977 | -885,260 | 885,260 | -958,411 | -1,873,494 | 2,005,559 | -1,209,688 | 5,952,759 | ||
| overdraft | -2,408,395 | -1,046,898 | 2,538,814 | -1,168,142 | 2,058,275 | 26,346 | |||||||||
| change in cash | 937,325 | -920,707 | -1,691,965 | -462,807 | 4,370,773 | 5,663,875 | -2,538,814 | 282,882 | -1,173,015 | -26,346 | -958,411 | -1,873,494 | 2,005,559 | -1,209,688 | 5,952,759 |
h.& j. martin limited Credit Report and Business Information
H.& J. Martin Limited Competitor Analysis
Perform a competitor analysis for h.& j. martin limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in BT3 area or any other competitors across 12 key performance metrics.
h.& j. martin limited Ownership
H.& J. MARTIN LIMITED group structure
H.& J. Martin Limited has 3 subsidiary companies.
Ultimate parent company
H & J MARTIN GROUP LTD
#0172154
2 parents
H.& J. MARTIN LIMITED
NI00R273
3 subsidiaries
h.& j. martin limited directors
H.& J. Martin Limited currently has 4 directors. The longest serving directors include Mr Derek Martin (Mar 1988) and Mr Kirk Jamison (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Derek Martin | Northern Ireland | 68 years | Mar 1988 | - | Director |
| Mr Kirk Jamison | Northern Ireland | 44 years | Oct 2019 | - | Director |
| Mr Kieron Millar | Northern Ireland | 48 years | Oct 2019 | - | Director |
| Mr David Ramsey | Northern Ireland | 38 years | Oct 2019 | - | Director |
P&L
March 2024turnover
50.8m
+13%
operating profit
380.4k
-63%
gross margin
9.8%
-2.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.7m
-0.46%
total assets
19.1m
+0.05%
cash
4.4m
+0.27%
net assets
Total assets minus all liabilities
h.& j. martin limited company details
company number
NI00R273
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
43320 - Joinery installation
incorporation date
April 1898
age
127
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
CAVANAGH KELLY
address
rosemount house, 21-23 sydenham road, belfast, BT3 9HA
Bank
DANSKE BANK
Legal Advisor
-
h.& j. martin 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 15 charges/mortgages relating to h.& j. martin limited. Currently there are 6 open charges and 9 have been satisfied in the past.
h.& j. martin 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.
Click to start generating capital raising & share issue transactions for H.& J. MARTIN LIMITED. This can take several minutes, an email will notify you when this has completed.
h.& j. martin limited Companies House Filings - See Documents
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