Alexander Rankin & Son Limited

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alexander rankin & son limited Company Information

Live

MatureMicroDeclining

Company Number

NI010500

Next Accounts

120 days late

Industry

Plumbing, heat and air-conditioning installation

Directors

Brian Rankin

Derby Rankin

Shareholders

executors of john albin rankin & derby alexander james rankin & brian stanley jared rankin

Group Structure

View All

Contact

Registered Address

60 main street, castledawson, co.londonderry, BT45 8AB

Website

alaexanderrankinandson.co.uk

alexander rankin & son limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of ALEXANDER RANKIN & SON LIMITED at £1.2m based on an EBITDA of £337.3k and a 3.48x industry multiple (adjusted for size and gross margin).

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Alexander Rankin & Son Limited is a live company located in co.londonderry, BT45 8AB with a Companies House number of NI010500. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in December 1974, it's largest shareholder is executors of john albin rankin & derby alexander james rankin & brian stanley jared rankin with a 100% stake. Alexander Rankin & Son Limited is a mature, micro sized company, Pomanda has estimated its turnover at £118.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Alexander Rankin & Son Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £118.3k, make it smaller than the average company (£525.2k)

Growth

3 year (CAGR) sales growth of -60%, show it is growing at a slower rate (3.2%)

EXPORT

Alexander Rankin & Son Limited's latest turnover from December 2022 is estimated at £118.3 thousand and the company has net assets of £276.1 thousand. According to their latest financial statements, we estimate that Alexander Rankin & Son Limited has 1 employee and maintains cash reserves of £200 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	118,308	877,961	1,893,897	1,419,187	989,863	1,085,323	1,329,386	1,387,893	2,715,880	864,704	1,130,819	1,382,608	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	98,019	711,780	1,534,326	1,128,412	779,467	843,935	1,055,447	1,092,156	2,133,977	658,931	855,168	1,017,520	0
Gross Profit	20,290	166,181	359,571	290,775	210,395	241,387	273,939	295,736	581,904	205,773	275,652	365,088	0
Admin Expenses	-317,047	216,945	359,262	245,248	202,036	187,610	152,203	246,579	625,875	239,879	341,100	293,452	-294,991
Operating Profit	337,337	-50,764	309	45,527	8,359	53,777	121,736	49,157	-43,971	-34,106	-65,448	71,636	294,991
Interest Payable	0	0	0	0	0	0	0	0	3,176	5,748	8,181	9,040	3,432
Interest Receivable	3,500	93	666	474	182	131	423	254	3	17	16	2	0
Pre-Tax Profit	340,837	-50,671	975	46,001	8,541	53,908	122,159	49,411	-47,144	-39,837	-73,614	62,597	291,560
Tax	-64,759	0	-185	-8,740	-1,623	-10,781	-24,432	-10,376	0	0	0	-17,527	-81,637
Profit After Tax	276,078	-50,671	790	37,261	6,918	43,126	97,727	39,035	-47,144	-39,837	-73,614	45,070	209,923
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	276,078	-50,671	790	37,261	6,918	43,126	97,727	39,035	-47,144	-39,837	-73,614	45,070	209,923
Employee Costs	35,928	173,802	318,635	629,573	164,587	175,944	215,562	174,023	395,296	137,751	209,709	264,092	0
Number Of Employees	1	5	9	18	5	5	6	5	11	4	6	8	0
EBITDA*	337,337	-38,570	30,206	66,045	36,754	77,291	137,346	60,212	-25,941	-13,610	-42,094	98,278	326,676

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	6,190	228,913	306,289	330,881	313,398	297,504	273,399	261,691	296,111	312,499	330,445	350,914	376,804
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,190	228,913	306,289	330,881	313,398	297,504	273,399	261,691	296,111	312,499	330,445	350,914	376,804
Stock & work in progress	43,351	142,864	555,793	302,267	275,710	310,601	360,115	404,150	187,177	46,548	121,393	120,864	58,290
Trade Debtors	33,037	186,617	149,526	177,162	101,170	103,827	102,393	60,004	562,101	183,358	228,253	319,105	158,962
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	3,883	5,477	5,477	0	0	0
Cash	200,010	99,082	86,474	91,210	35,303	37,378	67,305	101,761	0	1,145	5,688	700	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	276,398	428,563	791,793	570,639	412,183	451,806	529,813	569,798	754,755	236,528	355,334	440,669	217,252
total assets	282,588	657,476	1,098,082	901,520	725,581	749,310	803,212	831,489	1,050,866	549,027	685,779	791,583	594,056
Bank overdraft	0	0	0	0	0	0	0	0	0	97,709	79,167	172,571	105,592
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	6,508	254,273	729,116	561,614	405,465	426,596	559,556	698,054	956,466	304,774	420,231	364,017	263,289
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	15,250
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	6,508	254,273	729,116	561,614	405,465	426,596	559,556	698,054	956,466	402,483	499,398	536,588	384,131
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	113,617	28,709	439	21,910	35,926	12,494	0	0	5,000	5,000	0	0
provisions	0	21,000	21,000	21,000	17,000	12,500	0	0	0	0	0	0	0
total long term liabilities	0	134,617	49,709	21,439	38,910	48,426	12,494	0	0	5,000	5,000	0	0
total liabilities	6,508	388,890	778,825	583,053	444,375	475,022	572,050	698,054	956,466	407,483	504,398	536,588	384,131
net assets	276,080	268,586	319,257	318,467	281,206	274,288	231,162	133,435	94,400	141,544	181,381	254,995	209,925
total shareholders funds	276,080	268,586	319,257	318,467	281,206	274,288	231,162	133,435	94,400	141,544	181,381	254,995	209,925

	Dec 2022	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	337,337	-50,764	309	45,527	8,359	53,777	121,736	49,157	-43,971	-34,106	-65,448	71,636	294,991
Depreciation	0	12,194	29,897	20,518	28,395	23,514	15,610	11,055	18,030	20,496	23,354	26,642	31,685
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-64,759	0	-185	-8,740	-1,623	-10,781	-24,432	-10,376	0	0	0	-17,527	-81,637
Stock	43,351	-412,929	253,526	26,557	-34,891	-49,514	-44,035	216,973	140,629	-74,845	529	62,574	58,290
Debtors	33,037	37,091	-27,636	75,992	-2,657	1,434	38,506	-503,691	378,743	-39,418	-90,852	160,143	158,962
Creditors	6,508	-474,843	167,502	156,149	-21,131	-132,960	-138,498	-258,412	651,692	-115,457	56,214	100,728	263,289
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	4,000	4,500	12,500	0	0	0	0	0	0	0
Cash flow from operations	202,698	-137,575	-28,367	114,905	56,048	-5,870	-20,055	78,142	106,379	-14,804	104,443	-41,238	291,076
Investing Activities
capital expenditure	-6,190	65,182	-5,305	-38,001	-44,289	-47,619	-27,318	23,365	-1,642	-2,550	-2,885	-752	-408,489
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,190	65,182	-5,305	-38,001	-44,289	-47,619	-27,318	23,365	-1,642	-2,550	-2,885	-752	-408,489
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	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	-15,250	15,250
other long term liabilities	0	84,908	28,270	-21,471	-14,016	23,432	12,494	0	-5,000	0	5,000	0	0
share issue	2	0	0	0	0	0	0	0	0	0	0	0	2
interest	3,500	93	666	474	182	131	423	254	-3,173	-5,731	-8,165	-9,038	-3,432
cash flow from financing	3,502	85,001	28,936	-20,997	-13,834	23,563	12,917	254	-8,173	-5,731	-3,165	-24,288	11,820
cash and cash equivalents
cash	200,010	12,608	-4,736	55,907	-2,075	-29,927	-34,456	101,761	-1,145	-4,543	4,988	700	0
overdraft	0	0	0	0	0	0	0	0	-97,709	18,542	-93,404	66,979	105,592
change in cash	200,010	12,608	-4,736	55,907	-2,075	-29,927	-34,456	101,761	96,564	-23,085	98,392	-66,279	-105,592

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALEXANDER RANKIN & SON LIMITED group structure

Alexander Rankin & Son Limited has no subsidiary companies.

Ultimate parent company

ALEXANDER RANKIN & SON LIMITED

NI010500

ALEXANDER RANKIN & SON LIMITED Shareholders

executors of john albin rankin & derby alexander james rankin & brian stanley jared rankin

100%

Alexander Rankin & Son Limited currently has 2 directors. The longest serving directors include Mr Brian Rankin (Dec 1974) and Mr Derby Rankin (Dec 1974).

officer	country	age	start	end	role
Mr Brian Rankin		64 years	Dec 1974	-	Director
Mr Derby Rankin		67 years	Dec 1974	-	Director

P&L

December 2022

turnover

118.3k

operating profit

337.3k

gross margin

17.2%

turnover

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

Balance Sheet

December 2022

net assets

276.1k

total assets

282.6k

cash

200k

net assets

Total assets minus all liabilities

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company number

NI010500

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

December 1974

ultimate parent company

None

previous names

N/A

address

60 main street, castledawson, co.londonderry, BT45 8AB

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 3 charges/mortgages relating to alexander rankin & son limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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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alexander rankin & son limited Company Information

alexander rankin & son limited Estimated Valuation

alexander rankin & son limited Estimated Valuation

alexander rankin & son limited Estimated Valuation

Alexander Rankin & Son Limited Overview

Alexander Rankin & Son Limited Health Check

ALEXANDER RANKIN & SON LIMITED financials

alexander rankin & son limited Credit Report and Business Information

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alexander rankin & son limited directors

alexander rankin & son limited company details

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