north west silos limited
north west silos limited Company Information
Company Number
NI014053
Website
http://wrbarnett.comRegistered Address
clarendon house, 23 clarendon road, belfast, BT1 3BG
Industry
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Manufacture of prepared feeds for farm animals
Telephone
02890408500
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
origin enterprises uk ltd 50%
w & r barnett ltd 50%
north west silos limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST SILOS LIMITED at £483.1k based on a Turnover of £1.9m and 0.25x industry multiple (adjusted for size and gross margin).
north west silos limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST SILOS LIMITED at £0 based on an EBITDA of £-33.9k and a 2.57x industry multiple (adjusted for size and gross margin).
north west silos limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST SILOS LIMITED at £1.9m based on Net Assets of £1.2m and 1.53x industry multiple (adjusted for liquidity).
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North West Silos Limited Overview
North West Silos Limited is a live company located in belfast, BT1 3BG with a Companies House number of NI014053. It operates in the manufacture of prepared feeds for farm animals sector, SIC Code 10910. Founded in January 1980, it's largest shareholder is origin enterprises uk ltd with a 50% stake. North West Silos Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.
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North West Silos Limited Health Check
Pomanda's financial health check has awarded North West Silos Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£42.8m)
- North West Silos Limited
£42.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a slower rate (13%)
- North West Silos Limited
13% - Industry AVG
Production
with a gross margin of 6.4%, this company has a higher cost of product (10.6%)
- North West Silos Limited
10.6% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (2.7%)
- North West Silos Limited
2.7% - Industry AVG
Employees
with 4 employees, this is below the industry average (48)
4 - North West Silos Limited
48 - Industry AVG
Pay Structure
on an average salary of £49.3k, the company has an equivalent pay structure (£49.3k)
- North West Silos Limited
£49.3k - Industry AVG
Efficiency
resulting in sales per employee of £474.7k, this is less efficient (£1.3m)
- North West Silos Limited
£1.3m - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- North West Silos Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- North West Silos Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- North West Silos Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 66 weeks, this is more cash available to meet short term requirements (8 weeks)
66 weeks - North West Silos Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.8%, this is a lower level of debt than the average (56.7%)
0.8% - North West Silos Limited
56.7% - Industry AVG
NORTH WEST SILOS LIMITED financials
North West Silos Limited's latest turnover from July 2023 is estimated at £1.9 million and the company has net assets of £1.2 million. According to their latest financial statements, North West Silos Limited has 4 employees and maintains cash reserves of £13 thousand 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 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 38,477,785 | 30,715,960 | 35,120,861 | 40,759,347 | 40,675,104 | 38,596,312 | 33,634,124 | 33,567,032 | 36,740,128 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 38,210,143 | 30,426,777 | 34,536,735 | 40,253,842 | 40,170,504 | 37,978,683 | 32,833,258 | 32,800,870 | 35,928,580 | ||||||
| Gross Profit | 267,642 | 289,183 | 584,126 | 505,505 | 504,600 | 617,629 | 800,866 | 766,162 | 811,548 | ||||||
| Admin Expenses | 766,162 | 565,606 | |||||||||||||
| Operating Profit | 0 | 245,942 | |||||||||||||
| Interest Payable | 81,000 | 103,000 | 107,000 | 110,000 | 104,000 | 124,287 | 114,049 | 109,000 | 101,000 | ||||||
| Interest Receivable | 16,847 | 15,767 | 105,109 | 101,951 | 89,793 | 102,378 | 91,000 | 91,000 | 113,007 | ||||||
| Pre-Tax Profit | 201,331 | 56,163 | 178,071 | 173,299 | 167,916 | 116,607 | 204,419 | 347,486 | 245,942 | ||||||
| Tax | -44,768 | -32,288 | -44,421 | -35,234 | -54,842 | -34,174 | -56,418 | -96,294 | -65,866 | ||||||
| Profit After Tax | 156,563 | 23,875 | 133,650 | 138,065 | 113,074 | 82,433 | 148,001 | 251,192 | 180,076 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,000 | ||||||
| Retained Profit | 156,563 | 23,875 | 133,650 | 138,065 | 113,074 | 82,433 | 148,001 | 251,192 | 10,076 | ||||||
| Employee Costs | 0 | 0 | 2,323 | 9,382 | 8,728 | 8,568 | 7,598 | 8,399 | 13,181 | 12,484 | |||||
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| EBITDA* | 90,587 | 337,796 |
* 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 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,976 | 44,549 | 68,834 | 160,370 | 231,256 | 321,843 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 104,550 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 71,500 | 71,500 | 71,500 | 71,500 | 71,500 | 71,500 | 71,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59,040 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 71,500 | 71,500 | 71,500 | 71,500 | 71,500 | 71,500 | 71,500 | 104,550 | 0 | 23,976 | 44,549 | 68,834 | 160,370 | 231,256 | 380,883 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 233,103 | 280,026 | 455,618 | 553,087 | 144,892 | 168,168 | 508,026 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,002,594 | 890,424 | 1,378,582 | 1,677,011 | 1,802,488 | 2,292,246 | 1,495,290 | 1,425,450 |
| Group Debtors | 1,124,860 | 1,174,780 | 1,199,386 | 1,225,818 | 1,246,619 | 1,275,594 | 1,306,301 | 1,317,742 | 1,162,203 | 833,250 | 626,689 | 662,104 | 671,000 | 861,000 | 177,478 |
| Misc Debtors | 20,190 | 11,069 | 0 | 180 | 3,373 | 3,528 | 2,255 | 229,211 | 150,579 | 44,000 | 45,022 | 122,073 | 151,539 | 54,550 | 83,120 |
| Cash | 12,958 | 9,406 | 19,100 | 16,227 | 14,429 | 5,608 | 2,168 | 249,906 | 260,231 | 191,253 | 128,565 | 129,880 | 110,946 | 253,998 | 101,090 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,158,008 | 1,195,255 | 1,218,486 | 1,242,225 | 1,264,421 | 1,284,730 | 1,310,724 | 2,799,453 | 2,696,540 | 2,727,111 | 2,932,905 | 3,269,632 | 3,370,623 | 2,833,006 | 2,295,164 |
| total assets | 1,229,508 | 1,266,755 | 1,289,986 | 1,313,725 | 1,335,921 | 1,356,230 | 1,382,224 | 2,904,003 | 2,696,540 | 2,751,087 | 2,977,454 | 3,338,466 | 3,530,993 | 3,064,262 | 2,676,047 |
| Bank overdraft | 0 | 0 | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32 | 22,541 | 12,907 | 11,921 | 10,863 | 17,293 | 8,345 | 6,250 |
| Group/Directors Accounts | 151 | 0 | 0 | 0 | 0 | 0 | 0 | 609,655 | 348,736 | 637,851 | 671,746 | 1,180,988 | 1,613,085 | 1,233,722 | 973,726 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 10,005 | 14,074 | 11,844 | 11,807 | 9,689 | 2,273 | 8,073 | 42,709 | 90,171 | 79,487 | 398,211 | 368,460 | 199,563 | 247,171 | 216,769 |
| total current liabilities | 10,156 | 14,074 | 11,844 | 11,807 | 9,689 | 2,273 | 8,073 | 652,396 | 461,448 | 730,245 | 1,081,878 | 1,560,311 | 1,829,941 | 1,489,238 | 1,196,745 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,583 | 34,653 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 884,198 | 474,998 | 255,998 | 213,597 | 296,450 | 115,440 | 103,103 | 34,653 |
| total liabilities | 10,156 | 14,074 | 11,844 | 11,807 | 9,689 | 2,273 | 8,073 | 1,536,594 | 936,446 | 986,243 | 1,295,475 | 1,856,761 | 1,945,381 | 1,592,341 | 1,231,398 |
| net assets | 1,219,352 | 1,252,681 | 1,278,142 | 1,301,918 | 1,326,232 | 1,353,957 | 1,374,151 | 1,367,409 | 1,760,094 | 1,764,844 | 1,681,979 | 1,481,705 | 1,585,612 | 1,471,921 | 1,444,649 |
| total shareholders funds | 1,219,352 | 1,252,681 | 1,278,142 | 1,301,918 | 1,326,232 | 1,353,957 | 1,374,151 | 1,367,409 | 1,760,094 | 1,764,844 | 1,681,979 | 1,481,705 | 1,585,612 | 1,471,921 | 1,444,649 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 0 | 245,942 | |||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,500 | 7,667 | 22,706 | 28,314 | 91,536 | 92,227 | 90,587 | 91,854 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 24,600 | 18,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -44,768 | -32,288 | -44,421 | -35,234 | -54,842 | -34,174 | -56,418 | -96,294 | -65,866 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -233,103 | -46,923 | -175,592 | -97,469 | 408,195 | -23,276 | -339,858 | 508,026 |
| Debtors | -40,799 | -13,537 | -26,612 | -23,994 | -29,130 | -29,434 | -1,240,991 | 346,341 | -52,626 | -92,890 | -237,943 | -528,120 | 703,945 | 724,792 | 1,686,048 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -32 | -22,509 | 9,634 | 986 | 1,058 | -6,430 | 8,948 | 2,095 | 6,250 |
| Accruals and Deferred Income | -4,069 | 2,230 | 37 | 2,118 | 7,416 | -5,800 | -34,636 | -47,462 | 10,684 | -318,724 | 29,751 | 168,897 | -47,608 | 30,402 | 216,769 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,583 | -22,070 | 34,653 |
| Cash flow from operations | -380,214 | -1,664,472 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | -138,500 | -1,150 | -2,133 | -4,029 | 0 | 0 | 0 | 0 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 71,500 | 0 | 0 | 0 | 0 | 0 | 0 | -59,040 | 59,040 |
| cash flow from investments | -71,500 | -138,500 | -1,150 | -2,133 | -4,029 | 0 | 0 | 59,040 | -59,040 | ||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 151 | 0 | 0 | 0 | 0 | 0 | -609,655 | 260,919 | -289,115 | -33,895 | -509,242 | -432,097 | 379,363 | 259,996 | 973,726 |
| Other Short Term Loans | 0 | 0 | 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 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -64,153 | -87,233 | -1,891 | -8,049 | -14,207 | -21,909 | -23,049 | -18,000 | 12,007 | ||||||
| cash flow from financing | -823,629 | -242,874 | -429,406 | -97,144 | -436,249 | -640,346 | 322,004 | 18,076 | 2,420,306 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | 3,552 | -9,694 | 2,873 | 1,798 | 8,821 | 3,440 | -247,738 | -10,325 | 68,978 | 62,688 | -1,315 | 18,934 | -143,052 | 152,908 | 101,090 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,552 | -9,694 | 2,873 | 1,798 | 8,821 | 3,440 | -247,738 | -10,325 | 68,978 | 62,688 | -1,315 | 18,934 | -143,052 | 152,908 | 101,090 |
north west silos limited Credit Report and Business Information
North West Silos Limited Competitor Analysis
Perform a competitor analysis for north west silos limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BT1 area or any other competitors across 12 key performance metrics.
north west silos limited Ownership
NORTH WEST SILOS LIMITED group structure
North West Silos Limited has 2 subsidiary companies.
Ultimate parent company
NORTH WEST SILOS LIMITED
NI014053
2 subsidiaries
north west silos limited directors
North West Silos Limited currently has 4 directors. The longest serving directors include Mr Thomas O'Mahony (Jun 2008) and Mr Peter Kennedy (Jan 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas O'Mahony | 62 years | Jun 2008 | - | Director | |
| Mr Peter Kennedy | 54 years | Jan 2010 | - | Director | |
| Mrs Claudine Heron | 49 years | Aug 2013 | - | Director | |
| Mr Brendan Kent | 56 years | Sep 2022 | - | Director |
P&L
July 2023turnover
1.9m
+27%
operating profit
-33.9k
0%
gross margin
6.4%
-12.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.2m
-0.03%
total assets
1.2m
-0.03%
cash
13k
+0.38%
net assets
Total assets minus all liabilities
north west silos limited company details
company number
NI014053
Type
Private limited with Share Capital
industry
46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
10910 - Manufacture of prepared feeds for farm animals
incorporation date
January 1980
age
44
incorporated
UK
ultimate parent company
accounts
Audited Abridged
last accounts submitted
July 2023
previous names
N/A
accountant
ERNST & YOUNG LLP
auditor
-
address
clarendon house, 23 clarendon road, belfast, BT1 3BG
Bank
BANK OF IRELAND
Legal Advisor
A AND L GOODBODY
north west silos 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 3 charges/mortgages relating to north west silos limited. Currently there are 2 open charges and 1 have been satisfied in the past.
north west silos limited Companies House Filings - See Documents
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