Montgomery Developments Limited

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montgomery developments limited Company Information

Company Number

NI014720

Next Accounts

Jun 2025

Directors

Colin Montgomery

Harold Montgomery

Shareholders

ballyvesey properties ltd

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

607 antrim road, newtownabbey, co antrim, BT36 4RF

Website

www.montgomerytransportgroup.com

montgomery developments limited Estimated Valuation

£115m

Pomanda estimates the enterprise value of MONTGOMERY DEVELOPMENTS LIMITED at £115m based on an EBITDA of £16.4m and a 7.02x industry multiple (adjusted for size and gross margin).

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Montgomery Developments Limited is a live company located in co antrim, BT36 4RF with a Companies House number of NI014720. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 1981, it's largest shareholder is ballyvesey properties ltd with a 100% stake. Montgomery Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with high growth in recent years.

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Pomanda's financial health check has awarded Montgomery Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

1 Weak

Size

annual sales of £3.5m, make it larger than the average company (£847k)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (2.8%)

EXPORT

Montgomery Developments Limited's latest turnover from September 2023 is £3.5 million and the company has net assets of £45 million. According to their latest financial statements, Montgomery Developments Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	3,496,932	2,848,301	1,612,311	1,815,341	1,326,274	1,442,026	1,693,158	1,850,905	23,227,809	20,758,509	19,471,779	20,815,235	18,211,702	13,313,719
Other Income Or Grants
Cost Of Sales	962,728	811,346	494,402	523,444	409,855	396,488	440,134	492,107	7,895,718	7,685,194	6,795,137	7,127,986	6,118,523	4,346,873
Gross Profit	2,534,204	2,036,955	1,117,909	1,291,897	916,419	1,045,538	1,253,024	1,358,798	15,332,091	13,073,314	12,676,642	13,687,249	12,093,179	8,966,846
Admin Expenses	-13,860,243	-29,316	-622,069	-5,010,781	-861,720	-824,713	6,724,295	-151,774	211,000	11,815,010	11,518,436	12,551,301	7,778,756	7,437,436	-4,457,144
Operating Profit	16,394,447	2,066,271	1,739,978	6,302,678	1,778,139	1,870,251	-5,471,271	1,510,572	15,121,091	1,258,304	1,158,206	1,135,948	4,314,423	1,529,410	4,457,144
Interest Payable	995,089	235,751	390,746	432,063	385,954	280,980	264,045	201,371	278,867	456,977	434,375	417,949	518,706	608,846	326,762
Interest Receivable		132,793	5,744	3,934	23,377	15,992	1,984	194	2,226	5,938	4,307	1,047	600	14	12
Pre-Tax Profit	15,339,258	6,974,368	1,354,977	5,874,549	1,415,562	1,605,263	-5,733,332	1,309,395	14,844,450	807,265	728,138	719,046	3,796,318	920,578	4,130,394
Tax	-398,351	-1,624,755	-257,446	-1,116,164	-268,957	-305,000		-261,879	-2,968,890	-169,526	-167,472	-172,571	-987,043	-257,762	-1,156,510
Profit After Tax	14,940,907	5,349,613	1,097,531	4,758,385	1,146,605	1,300,263	-5,733,332	1,047,516	11,875,560	637,739	560,666	546,475	2,809,275	662,816	2,973,884
Dividends Paid
Retained Profit	14,940,907	5,349,613	1,097,531	4,758,385	1,146,605	1,300,263	-5,733,332	1,047,516	11,875,560	637,739	560,666	546,475	2,809,275	662,816	2,973,884
Employee Costs	63,841	61,287	56,801	55,524	57,238	82,141	77,978	79,800	3,691,140	3,206,226	2,877,756	3,271,047	2,872,462	2,279,357
Number Of Employees	2	2	2	2	2	3	3	3	139	126	119	134	120	93
EBITDA*	16,394,447	2,066,271	1,739,978	6,302,678	1,779,373	1,873,952	-5,467,570	1,515,574	15,303,261	1,541,698	1,446,327	1,323,718	4,449,294	1,640,967	4,564,553

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets						41,399,234	41,640,611	41,891,516	43,955,689	45,678,888	46,014,710	46,289,537	45,127,010	48,155,396	47,615,423
Intangible Assets
Investments & Other	88,099,085	53,905,002	35,159,267	41,016,767	45,408,699	2	2	2	2	2	2	2
Debtors (Due After 1 year)
Total Fixed Assets	88,099,085	53,905,002	35,159,267	41,016,767	45,408,699	41,399,236	41,640,613	41,891,518	43,955,691	45,678,890	46,014,712	46,289,539	45,127,010	48,155,396	47,615,423
Stock & work in progress
Trade Debtors	131,832	69,155	294,287	302,024	162,949	211,906	239,939	249,955	916,120	502,731	499,209	577,273	614,197	328,343	376,366
Group Debtors	5,850,797	6,094,330	7,028,302	3,003,439	2,991,685	2,928,483	2,968,058	2,913,293
Misc Debtors	437,605	135,435	98,005	88,310	91,338	80,116	85,199	95,341
Cash			7,080,206	4,408,409	3,459,664	2,774,098	1,490,341	97,084	58,025	832,220	1,542,950	179,675	239,179	831	4,747
misc current assets
total current assets	6,420,234	6,298,920	14,500,800	7,802,182	6,705,636	5,994,603	4,783,537	3,355,673	974,145	1,334,951	2,042,159	756,948	853,376	329,174	381,113
total assets	94,519,319	60,203,922	49,660,067	48,818,949	52,114,335	47,393,839	46,424,150	45,247,191	44,929,836	47,013,841	48,056,871	47,046,487	45,980,386	48,484,570	47,996,536
Bank overdraft	6,511,029	1,784,178
Bank loan	1,537,791	603,000	677,333	677,333	677,333	297,333	297,333	711,993	1,015,595	1,126,414	1,419,218	1,277,644	1,671,636	1,338,989	1,233,881
Trade Creditors	483,788	22,932	101,228	94,923	365,837	95,266	125,053	112,358	16,593,104	16,541,970	16,729,776	18,434,959	16,174,799	14,238,472	13,046,677
Group/Directors Accounts	17,085,495	18,219,701	15,664,319	15,661,931	15,682,912	15,813,748	15,810,311	15,919,486
other short term finances
hp & lease commitments
other current liabilities	1,659,011	1,669,921	1,311,243	1,133,728	804,294	773,399	794,213	846,626
total current liabilities	27,277,114	22,299,732	17,754,123	17,567,915	17,530,376	16,979,746	17,026,910	17,590,463	17,608,699	17,668,384	18,148,994	19,712,603	17,846,435	15,577,461	14,280,558
loans	19,182,641	4,786,667	5,389,667	6,067,000	6,744,334	3,716,667	4,014,000	3,426,111	1,290,161	5,148,352	6,366,849	4,301,659	5,609,029	7,340,524	8,820,321
hp & lease commitments
Accruals and Deferred Income
other liabilities									2,851,779			7,421	28,679
provisions	3,085,661	3,084,527	1,832,894	1,598,182	2,127,917	2,132,323	2,118,400	2,116,686	2,112,782		3,231	29,723	33,074	2,109,423	2,101,311
total long term liabilities	22,268,302	7,871,194	7,222,561	7,665,182	8,872,251	5,848,990	6,132,400	5,542,797	6,254,722	5,148,352	6,370,080	4,338,803	5,670,782	9,449,947	10,921,632
total liabilities	49,545,416	30,170,926	24,976,684	25,233,097	26,402,627	22,828,736	23,159,310	23,133,260	23,863,421	22,816,736	24,519,074	24,051,406	23,517,217	25,027,408	25,202,190
net assets	44,973,903	30,032,996	24,683,383	23,585,852	25,711,708	24,565,103	23,264,840	22,113,931	21,066,415	24,197,105	23,537,797	22,995,081	22,463,169	23,457,162	22,794,346
total shareholders funds	44,973,903	30,032,996	24,683,383	23,585,852	25,711,708	24,565,103	23,264,840	22,113,931	21,066,415	24,197,105	23,537,797	22,995,081	22,463,169	23,457,162	22,794,346

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	16,394,447	2,066,271	1,739,978	6,302,678	1,778,139	1,870,251	-5,471,271	1,510,572	15,121,091	1,258,304	1,158,206	1,135,948	4,314,423	1,529,410	4,457,144
Depreciation					1,234	3,701	3,701	5,002	182,170	283,394	288,121	187,770	134,871	111,557	107,409
Amortisation
Tax	-398,351	-1,624,755	-257,446	-1,116,164	-268,957	-305,000		-261,879	-2,968,890	-169,526	-167,472	-172,571	-987,043	-257,762	-1,156,510
Stock
Debtors	121,314	-1,121,674	4,026,821	147,801	25,467	-72,691	34,607	2,342,469	413,389	3,522	-78,064	-36,924	285,854	-48,023	376,366
Creditors	460,856	-78,296	6,305	-270,914	270,571	-29,787	12,695	-16,480,746	51,134	-187,806	-1,705,183	2,260,160	1,936,327	1,191,795	13,046,677
Accruals and Deferred Income	-10,910	358,678	177,515	329,434	30,895	-20,814	-52,413	846,626
Deferred Taxes & Provisions	1,134	1,251,633	234,712	-529,735	-4,406	13,923	1,714	3,904	2,112,782	-3,231	-26,492	-3,351	-2,076,349	8,112	2,101,311
Cash flow from operations	16,325,862	3,095,205	-2,125,757	4,567,498	1,782,009	1,604,965	-5,540,181	-16,718,990	14,084,898	1,177,613	-374,756	3,444,880	3,036,375	2,631,135	18,179,665
Investing Activities
capital expenditure					41,398,000	237,676	247,204	2,059,171	1,541,029	52,428	-13,294	-1,350,297	2,893,515	-651,530	-47,722,832
Change in Investments	34,194,083	18,745,735	-5,857,500	-4,391,932	45,408,697							2
cash flow from investments	-34,194,083	-18,745,735	5,857,500	4,391,932	-4,010,697	237,676	247,204	2,059,171	1,541,029	52,428	-13,294	-1,350,299	2,893,515	-651,530	-47,722,832
Financing Activities
Bank loans	934,791	-74,333			380,000		-414,660	-303,602	-110,819	-292,804	141,574	-393,992	332,647	105,108	1,233,881
Group/Directors Accounts	-1,134,206	2,555,382	2,388	-20,981	-130,836	3,437	-109,175	15,919,486
Other Short Term Loans
Long term loans	14,395,974	-603,000	-677,333	-677,334	3,027,667	-297,333	587,889	2,135,950	-3,858,191	-1,218,497	2,065,190	-1,307,370	-1,731,495	-1,479,797	8,820,321
Hire Purchase and Lease Commitments
other long term liabilities								-2,851,779	2,851,779		-7,421	-21,258	28,679
share issue				-6,884,241			6,884,241		-15,006,250	21,569	-17,950	-14,563	-3,803,268		19,820,462
interest	-995,089	-102,958	-385,002	-428,129	-362,577	-264,988	-262,061	-201,177	-276,641	-451,039	-430,068	-416,902	-518,106	-608,832	-326,750
cash flow from financing	13,201,470	1,775,091	-1,059,947	-8,010,685	2,914,254	-558,884	6,686,234	14,698,878	-16,400,122	-1,940,771	1,751,325	-2,154,085	-5,691,543	-1,983,521	29,547,914
cash and cash equivalents
cash		-7,080,206	2,671,797	948,745	685,566	1,283,757	1,393,257	39,059	-774,195	-710,730	1,363,275	-59,504	238,348	-3,916	4,747
overdraft	4,726,851	1,784,178
change in cash	-4,726,851	-8,864,384	2,671,797	948,745	685,566	1,283,757	1,393,257	39,059	-774,195	-710,730	1,363,275	-59,504	238,348	-3,916	4,747

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MONTGOMERY DEVELOPMENTS LIMITED group structure

Montgomery Developments Limited has 1 subsidiary company.

Ultimate parent company

BALLYVESEY PROPERTIES LIMITED

12365991

1 parent

MONTGOMERY DEVELOPMENTS LIMITED

NI014720

1 subsidiary

MALLUSK BUSINESS PARK LIMITED

NI065244

MONTGOMERY DEVELOPMENTS LIMITED Shareholders

ballyvesey properties ltd

100%

Montgomery Developments Limited currently has 2 directors. The longest serving directors include Mr Colin Montgomery (Apr 2020) and Mr Harold Montgomery (Apr 2020).

officer	country	age	start	end	role
Mr Colin Montgomery	England	48 years	Apr 2020	-	Director
Mr Harold Montgomery	England	41 years	Apr 2020	-	Director

P&L

September 2023

turnover

3.5m

+23%

operating profit

16.4m

+693%

gross margin

72.5%

+1.33%

turnover

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

Balance Sheet

September 2023

net assets

45m

+0.5%

total assets

94.5m

+0.57%

cash

net assets

Total assets minus all liabilities

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company number

NI014720

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

January 1981

ultimate parent company

BALLYVESEY PROPERTIES LIMITED

previous names

N/A

address

607 antrim road, newtownabbey, co antrim, BT36 4RF

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 41 charges/mortgages relating to montgomery developments limited. Currently there are 22 open charges and 19 have been satisfied in the past.

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montgomery developments limited Company Information

montgomery developments limited Estimated Valuation

montgomery developments limited Estimated Valuation

montgomery developments limited Estimated Valuation

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