Drennan Transport Limited

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drennan transport limited Company Information

Live

MatureSmallDeclining

Company Number

NI018389

Website

www.drennan-transport.co.uk

Registered Address

24 lisgorgan lane, upperlands, co.londonderry, BT46 5TE

Industry

Freight transport by road

Telephone

02879642116

Next Accounts Due

December 2024

Group Structure

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Directors

Stanley Thomson39 Years

William Drennan39 Years

Shareholders

red spruce company ltd 100%

drennan transport limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of DRENNAN TRANSPORT LIMITED at £2.3m based on Net Assets of £916.2k and 2.55x industry multiple (adjusted for liquidity).

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Drennan Transport Limited is a live company located in co.londonderry, BT46 5TE with a Companies House number of NI018389. It operates in the freight transport by road sector, SIC Code 49410. Founded in April 1985, it's largest shareholder is red spruce company ltd with a 100% stake. Drennan Transport Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Drennan Transport Limited a 3 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 Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £3.8m, make it smaller than the average company (£10.1m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.6%)

EXPORT

Drennan Transport Limited's latest turnover from March 2023 is estimated at £3.8 million and the company has net assets of £916.2 thousand. According to their latest financial statements, Drennan Transport Limited has 9 employees and maintains cash reserves of £1 thousand 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	Mar 2011	Mar 2010
Turnover	3,768,401	4,242,251	5,129,808	5,661,327	5,102,978	3,598,219	2,830,734	2,577,872	3,812,909	3,942,945	4,578,201	3,783,614	2,898,635	3,692,735
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,228,058	3,651,853	4,450,059	4,908,865	4,454,021	3,125,752	2,435,252	2,221,769	3,306,925	3,466,408	4,041,719	3,319,019	2,517,848	3,208,653
Gross Profit	540,342	590,398	679,749	752,462	648,957	472,467	395,482	356,102	505,983	476,537	536,482	464,595	380,787	484,082
Admin Expenses	427,827	424,062	544,410	653,691	515,367	363,599	282,332	359,613	398,553	390,218	425,062	393,824	360,114	862,310
Operating Profit	112,515	166,336	135,339	98,771	133,590	108,868	113,150	-3,511	107,430	86,319	111,420	70,771	20,673	-378,228
Interest Payable	0	0	0	0	0	0	12,190	19,811	14,265	7,133	0	0	0	0
Interest Receivable	90	81	10	108	805	129	88	53	35	37	7	22	138	116
Pre-Tax Profit	112,605	166,416	135,348	98,879	134,395	108,998	101,048	-23,269	93,200	79,223	111,426	70,793	20,811	-378,112
Tax	-21,395	-31,619	-25,716	-18,787	-25,535	-20,710	-20,209	0	-19,572	-18,221	-26,742	-18,406	-5,827	0
Profit After Tax	91,210	134,797	109,632	80,092	108,860	88,288	80,838	-23,269	73,628	61,002	84,684	52,387	14,984	-378,112
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	91,210	134,797	109,632	80,092	108,860	88,288	80,838	-23,269	73,628	61,002	84,684	52,387	14,984	-378,112
Employee Costs	352,874	443,526	551,387	546,814	538,024	517,427	512,024	504,234	669,135	685,766	741,693	636,866	509,791	650,357
Number Of Employees	9	12	16	16	16	16	16	16	22	23	25	22	18	23
EBITDA*	130,971	191,740	177,425	150,089	196,687	180,017	239,843	162,103	218,594	213,200	191,237	107,725	56,336	-339,767

* 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	Mar 2011	Mar 2010
Tangible Assets	1,209,989	1,235,502	1,293,029	1,318,565	1,328,359	1,349,910	1,513,902	1,747,522	2,242,113	2,095,882	2,041,201	1,920,768	1,795,636	1,560,534
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,209,989	1,235,502	1,293,029	1,318,565	1,328,359	1,349,910	1,513,902	1,747,522	2,242,113	2,095,882	2,041,201	1,920,768	1,795,636	1,560,534
Stock & work in progress	1,144	812	461	628	1,308	1,960	2,930	1,619	1,260	940	768	3,605	465	740
Trade Debtors	889,329	1,081,084	1,247,055	1,202,306	998,023	664,197	349,203	420,875	395,466	413,749	466,847	470,658	366,256	355,644
Group Debtors	0	0	0	0	0	0	56,864	31,896	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	37,771	52,716	0	0	0	0	0	0
Cash	1,048	3,191	18,289	789	214,375	335	51,351	19,365	1,787	12,167	2,652	30	8,872	46,431
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	891,521	1,085,087	1,265,805	1,203,723	1,213,706	666,492	498,119	526,471	398,513	426,856	470,267	474,293	375,593	402,815
total assets	2,101,510	2,320,589	2,558,834	2,522,288	2,542,065	2,016,402	2,012,021	2,273,993	2,640,626	2,522,738	2,511,468	2,395,061	2,171,229	1,963,349
Bank overdraft	0	0	0	0	0	0	0	170,632	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	955,136	1,166,535	1,399,411	1,690,224	1,689,998	1,197,346	1,133,172	870,742	1,339,838	1,399,922	1,706,716	1,348,036	1,114,607	1,493,483
Group/Directors Accounts	0	0	0	0	0	0	0	170,909	0	0	0	477,240	576,019	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	79,810	85,079	161,152	173,981	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	65,885	0	0	0	0	0	0
total current liabilities	955,136	1,166,535	1,399,411	1,690,224	1,769,808	1,282,425	1,294,324	1,452,149	1,339,838	1,399,922	1,706,716	1,825,276	1,690,626	1,493,483
loans	0	0	0	0	0	0	0	219,462	219,462	219,462	0	0	0	0
hp & lease commitments	0	0	0	0	10,392	72,727	127,673	312,658	335,570	231,226	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	219,462	307,840	443,209	219,462	219,462	223,981	219,462	0	0	0	193,626	43,343	6,548	10,795
provisions	10,708	21,220	26,017	32,037	41,930	45,656	67,237	67,237	0	0	0	0	0	0
total long term liabilities	230,170	329,060	469,226	251,499	271,784	342,364	414,372	599,357	555,032	450,688	193,626	43,343	6,548	10,795
total liabilities	1,185,306	1,495,595	1,868,637	1,941,723	2,041,592	1,624,789	1,708,696	2,051,506	1,894,870	1,850,610	1,900,342	1,868,619	1,697,174	1,504,278
net assets	916,204	824,994	690,197	580,565	500,473	391,613	303,325	222,487	745,756	672,128	611,126	526,442	474,055	459,071
total shareholders funds	916,204	824,994	690,197	580,565	500,473	391,613	303,325	222,487	745,756	672,128	611,126	526,442	474,055	459,071

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	112,515	166,336	135,339	98,771	133,590	108,868	113,150	-3,511	107,430	86,319	111,420	70,771	20,673	-378,228
Depreciation	18,456	25,404	42,086	51,318	63,097	71,149	126,693	165,614	111,164	126,881	79,817	36,954	35,663	38,461
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,395	-31,619	-25,716	-18,787	-25,535	-20,710	-20,209	0	-19,572	-18,221	-26,742	-18,406	-5,827	0
Stock	332	351	-167	-680	-652	-970	1,311	359	320	172	-2,837	3,140	-275	740
Debtors	-191,755	-165,971	44,749	204,283	333,826	220,359	-61,649	110,021	-18,283	-53,098	-3,811	104,402	10,612	355,644
Creditors	-211,399	-232,876	-290,813	226	492,652	64,174	262,430	-469,096	-60,084	-306,794	358,680	233,429	-378,876	1,493,483
Accruals and Deferred Income	0	0	0	0	0	0	-65,885	65,885	0	0	0	0	0	0
Deferred Taxes & Provisions	-10,512	-4,797	-6,020	-9,893	-3,726	-21,581	0	67,237	0	0	0	0	0	0
Cash flow from operations	79,088	88,068	-189,706	-81,968	326,904	-17,489	476,517	-284,251	156,901	-58,889	529,823	215,206	-338,704	797,332
Investing Activities
capital expenditure	7,057	32,123	-16,550	-41,524	-41,546	92,843	106,927	328,977	-257,395	-181,562	-200,250	-162,086	-270,765	-1,598,995
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	7,057	32,123	-16,550	-41,524	-41,546	92,843	106,927	328,977	-257,395	-181,562	-200,250	-162,086	-270,765	-1,598,995
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-170,909	170,909	0	0	-477,240	-98,779	576,019	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	-219,462	0	0	219,462	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-90,202	-67,604	-131,019	-197,814	151,069	104,344	231,226	0	0	0	0
other long term liabilities	-88,378	-135,369	223,747	0	-4,519	4,519	219,462	0	0	-193,626	150,283	36,795	-4,247	10,795
share issue	0	0	0	0	0	0	0	-500,000	0	0	0	0	0	837,183
interest	90	81	10	108	805	129	-12,102	-19,758	-14,230	-7,096	7	22	138	116
cash flow from financing	-88,288	-135,288	223,757	-90,094	-71,318	-126,371	-380,825	-197,780	90,114	249,966	-326,950	-61,962	571,910	848,094
cash and cash equivalents
cash	-2,143	-15,098	17,500	-213,586	214,040	-51,016	31,986	17,578	-10,380	9,515	2,622	-8,842	-37,559	46,431
overdraft	0	0	0	0	0	0	-170,632	170,632	0	0	0	0	0	0
change in cash	-2,143	-15,098	17,500	-213,586	214,040	-51,016	202,618	-153,054	-10,380	9,515	2,622	-8,842	-37,559	46,431

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRENNAN TRANSPORT LIMITED group structure

Drennan Transport Limited has no subsidiary companies.

Ultimate parent company

RED SPRUCE COMPANY LIMITED

NI655843

1 parent

DRENNAN TRANSPORT LIMITED

NI018389

DRENNAN TRANSPORT LIMITED Shareholders

red spruce company ltd

100%

Drennan Transport Limited currently has 2 directors. The longest serving directors include Mr Stanley Thomson (Apr 1985) and Mr William Drennan (Apr 1985).

officer	country	age	start	end	role
Mr Stanley Thomson	Northern Ireland	57 years	Apr 1985	-	Director
Mr William Drennan	Northern Ireland	73 years	Apr 1985	-	Director

P&L

March 2023

turnover

3.8m

-11%

operating profit

112.5k

gross margin

14.4%

+3.03%

turnover

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

Balance Sheet

March 2023

net assets

916.2k

+0.11%

total assets

2.1m

-0.09%

cash

-0.67%

net assets

Total assets minus all liabilities

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company number

NI018389

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

April 1985

age

accounts

Unaudited Abridged

ultimate parent company

RED SPRUCE COMPANY LIMITED

previous names

N/A

incorporated

address

24 lisgorgan lane, upperlands, co.londonderry, BT46 5TE

last accounts submitted

March 2023

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 8 charges/mortgages relating to drennan transport limited. Currently there are 3 open charges and 5 have been satisfied in the past.

drennan transport limited Company Information

drennan transport limited Estimated Valuation

drennan transport limited Estimated Valuation

drennan transport limited Estimated Valuation

Drennan Transport Limited Overview

Drennan Transport Limited Health Check

DRENNAN TRANSPORT LIMITED financials

drennan transport limited Credit Report and Business Information

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drennan transport limited Ownership

drennan transport limited directors

drennan transport limited company details

drennan transport limited Charges & Mortgages

drennan transport limited Companies House Filings - See Documents