titanic property development limited
titanic property development limited Company Information
Company Number
NI024016
Website
titanic-quarter.comRegistered Address
titanic house, queens road, queens island, belfast, BT3 9DT
Industry
Development of building projects
Telephone
02890766300
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
entice holdings limited & dockside investments limited 100%
titanic property development limited Estimated Valuation
The estimated valuation range for titanic property development limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £5m
titanic property development limited Estimated Valuation
The estimated valuation range for titanic property development limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £5m
titanic property development limited Estimated Valuation
The estimated valuation range for titanic property development limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £5m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Titanic Property Development Limited AI Business Plan
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Titanic Property Development Limited Overview
Titanic Property Development Limited is a live company located in queens island, BT3 9DT with a Companies House number of NI024016. It operates in the development of building projects sector, SIC Code 41100. Founded in December 1989, it's largest shareholder is entice holdings limited & dockside investments limited with a 100% stake. Titanic Property Development Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with high growth in recent years.
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Titanic Property Development Limited Health Check
Pomanda's financial health check has awarded Titanic Property Development Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £6.1m, make it larger than the average company (£2.3m)
£6.1m - Titanic Property Development Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (1.8%)
19% - Titanic Property Development Limited
1.8% - Industry AVG
Production
with a gross margin of 56%, this company has a lower cost of product (25.9%)
56% - Titanic Property Development Limited
25.9% - Industry AVG
Profitability
an operating margin of 6.4% make it less profitable than the average company (9.6%)
6.4% - Titanic Property Development Limited
9.6% - Industry AVG
Employees
with 15 employees, this is above the industry average (6)
15 - Titanic Property Development Limited
6 - Industry AVG
Pay Structure
on an average salary of £64.6k, the company has a higher pay structure (£48.1k)
£64.6k - Titanic Property Development Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £410k, this is more efficient (£287.1k)
£410k - Titanic Property Development Limited
£287.1k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (30 days)
3 days - Titanic Property Development Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (30 days)
11 days - Titanic Property Development Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 3155 days, this is more than average (167 days)
3155 days - Titanic Property Development Limited
167 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (12 weeks)
8 weeks - Titanic Property Development Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.7%, this is a higher level of debt than the average (75.1%)
125.7% - Titanic Property Development Limited
75.1% - Industry AVG
titanic property development limited Credit Report and Business Information
Titanic Property Development Limited Competitor Analysis
Perform a competitor analysis for titanic property development limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
titanic property development limited Ownership
TITANIC PROPERTY DEVELOPMENT LIMITED group structure
Titanic Property Development Limited has 1 subsidiary company.
Ultimate parent company
TITANIC PROPERTY DEVELOPMENT LIMITED
NI024016
1 subsidiary
titanic property development limited directors
Titanic Property Development Limited currently has 3 directors. The longest serving directors include Mr Jonathan Comerford (May 2017) and Mr Michael Walsh (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Comerford | 52 years | May 2017 | - | Director | |
| Mr Michael Walsh | Northern Ireland | 72 years | May 2017 | - | Director |
| Mr Patrick Power | England | 50 years | May 2017 | - | Director |
TITANIC PROPERTY DEVELOPMENT LIMITED financials
Titanic Property Development Limited's latest turnover from December 2022 is £6.1 million and the company has net assets of -£11.6 million. According to their latest financial statements, Titanic Property Development Limited has 15 employees and maintains cash reserves of £5.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | 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 | 6,149,952 | 3,480,461 | 32,128,508 | 3,617,874 | 4,598,893 | 35,374,936 | 10,399,805 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 2,704,344 | 639,993 | 26,040,775 | 128,427 | -5,275,182 | 24,742,803 | 2,157,053 | |||||||
| Gross Profit | 3,445,608 | 2,840,468 | 6,087,733 | 3,489,447 | 9,874,075 | 10,632,133 | 8,242,752 | |||||||
| Admin Expenses | 3,052,029 | 2,042,974 | 2,618,306 | 1,511,167 | 1,834,492 | 2,396,223 | -2,943,728 | |||||||
| Operating Profit | 393,579 | 797,494 | 3,469,427 | 1,978,280 | 8,039,583 | 8,235,910 | 11,186,480 | |||||||
| Interest Payable | 3,696,473 | 3,048,704 | 3,593,813 | 3,666,661 | 3,588,555 | 4,661,333 | 2,500,677 | |||||||
| Interest Receivable | 882,889 | 671,870 | 650,308 | 2,995 | 412,179 | 1,711,343 | 1,785,789 | |||||||
| Pre-Tax Profit | -2,420,005 | -1,579,340 | 525,922 | -1,685,386 | 4,863,207 | 6,175,920 | 10,471,592 | |||||||
| Tax | -6,654 | -152,105 | -14,304 | 874,828 | -84,502 | -40,457 | -418,268 | |||||||
| Profit After Tax | -2,426,659 | -1,731,445 | 511,618 | -810,558 | 4,778,705 | 6,135,463 | 10,053,324 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Retained Profit | -2,426,659 | -1,731,445 | 511,618 | -810,558 | 4,778,705 | 6,135,463 | 10,053,324 | |||||||
| Employee Costs | 969,659 | 871,154 | 1,052,090 | 520,002 | 767,111 | 631,072 | 642,034 | |||||||
| Number Of Employees | 15 | 15 | 18 | 13 | 13 | 14 | 16 | |||||||
| EBITDA* | 463,767 | 874,521 | 3,548,486 | 2,053,148 | 8,115,208 | 8,403,021 | 11,418,510 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | 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 | 441,050 | 508,050 | 582,598 | 636,489 | 708,586 | 15,690,751 | 3,052,590 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 10,949,318 | 10,924,318 | 10,069,318 | 9,889,318 | 12,508,078 | 0 | 13,807,318 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 21,229,000 | 22,249,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,390,368 | 11,432,368 | 10,651,916 | 10,525,807 | 13,216,664 | 36,919,751 | 39,108,908 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 23,378,866 | 24,273,318 | 23,808,430 | 29,526,208 | 25,925,121 | 20,527,220 | 42,465,422 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 67,087 | 246,534 | 212,283 | 171,078 | 616,107 | 1,853,124 | 3,484,489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 5,078,502 | 4,064,834 | 3,192,998 | 3,221,630 | 17,205 | 18,304 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 85,115 | 120,120 | 1,021,985 | 1,060,456 | 445,372 | 1,381,060 | 1,278,044 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 5,114,578 | 3,839,709 | 4,498,361 | 1,491,196 | 150,125 | 3,070,815 | 4,635,007 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 33,724,148 | 32,544,515 | 32,734,057 | 35,470,568 | 27,153,930 | 26,850,523 | 51,862,962 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 45,114,516 | 43,976,883 | 43,385,973 | 45,996,375 | 40,370,594 | 63,770,274 | 90,971,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 140,000 | 189,500 | 198,000 | 198,000 | 413,795 | 1,235,570 | 55,482,338 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 83,931 | 125,574 | 98,380 | 707,978 | 426,014 | 605,681 | 267,538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 31,737,593 | 31,392,586 | 31,749,481 | 31,566,276 | 32,789,511 | 33,006,448 | 36,119,457 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,233,760 | 1,648,744 | 2,030,225 | 1,745,540 | 1,490,955 | 3,648,828 | 4,926,776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 33,195,284 | 33,356,404 | 34,076,086 | 34,217,794 | 35,120,275 | 38,496,527 | 96,796,109 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 22,854,513 | 19,159,943 | 16,333,892 | 19,401,276 | 19,655,150 | 44,710,832 | 19,685,552 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 356,301 | 331,807 | 267,926 | 195,162 | 1,328,562 | 1,131,913 | 1,131,913 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 292,245 | 285,897 | 133,792 | 119,488 | 451,411 | 394,511 | 457,268 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 23,503,059 | 19,777,647 | 16,735,610 | 19,715,926 | 21,435,123 | 46,237,256 | 21,274,733 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 56,698,343 | 53,134,051 | 50,811,696 | 53,933,720 | 56,555,398 | 84,733,783 | 118,070,842 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | -11,583,827 | -9,157,168 | -7,425,723 | -7,937,345 | -16,184,804 | -20,963,509 | -27,098,972 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | -11,583,827 | -9,157,168 | -7,425,723 | -7,937,345 | -16,184,804 | -20,963,509 | -27,098,972 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec 2022 | Dec 2021 | 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 | 393,579 | 797,494 | 3,469,427 | 1,978,280 | 8,039,583 | 8,235,910 | 11,186,480 | |||||||
| Depreciation | 70,188 | 77,027 | 79,059 | 74,868 | 75,625 | 167,111 | 232,030 | |||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Tax | -6,654 | -152,105 | -14,304 | 874,828 | -84,502 | -40,457 | -418,268 | |||||||
| Stock | -894,452 | 464,888 | -5,717,778 | 3,601,087 | 5,397,901 | -21,938,202 | 42,465,422 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 799,216 | 4,222 | -25,898 | 3,374,480 | -23,402,804 | -2,530,045 | 27,011,533 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -41,643 | 27,194 | -609,598 | 281,964 | -179,667 | 338,143 | 267,538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -414,984 | -381,481 | 284,685 | 254,585 | -2,157,873 | -1,277,948 | 4,926,776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 6,348 | 152,105 | 14,304 | -331,923 | 56,900 | -62,757 | 457,268 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 102,070 | 51,124 | 8,967,249 | -3,842,965 | 23,754,969 | 31,828,249 | -52,825,131 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 5,043,367 | 1,079,663 | -22,895 | |||||||
| Change in Investments | 25,000 | 855,000 | 180,000 | -2,618,760 | 12,508,078 | -13,807,318 | 13,807,318 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -25,000 | -855,000 | -180,000 | 2,618,760 | -7,464,711 | 14,886,981 | -13,830,213 | |||||||
| Financing Activities | ||||||||||||||
| Bank loans | -49,500 | -8,500 | 0 | -215,795 | -821,775 | -54,246,768 | 55,482,338 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 345,007 | -356,895 | 183,205 | -1,223,235 | -216,937 | -3,113,009 | 36,119,457 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 3,694,570 | 2,826,051 | -3,067,384 | -253,874 | -25,055,682 | 25,025,280 | 19,685,552 | 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 |
| other long term liabilities | 24,494 | 63,881 | 72,764 | -1,133,400 | 196,649 | 0 | 1,131,913 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,813,584 | -2,376,834 | -2,943,505 | -3,663,666 | -3,176,376 | -2,949,990 | -714,888 | |||||||
| cash flow from financing | 1,200,987 | 147,703 | -5,754,916 | 2,568,047 | -29,074,121 | -35,284,487 | 74,552,076 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | 1,274,869 | -658,652 | 3,007,165 | 1,341,071 | -2,920,690 | -1,564,192 | 4,635,007 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,274,869 | -658,652 | 3,007,165 | 1,341,071 | -2,920,690 | -1,564,192 | 4,635,007 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
December 2022turnover
6.1m
+77%
operating profit
393.6k
-51%
gross margin
56.1%
-31.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-11.6m
+0.27%
total assets
45.1m
+0.03%
cash
5.1m
+0.33%
net assets
Total assets minus all liabilities
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titanic property development limited company details
company number
NI024016
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
December 1989
age
35
accounts
Group
ultimate parent company
previous names
harland property development limited (August 2002)
harland technology park limited (November 1991)
incorporated
UK
address
titanic house, queens road, queens island, belfast, BT3 9DT
last accounts submitted
December 2022
titanic property development 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 5 charges/mortgages relating to titanic property development limited. Currently there are 3 open charges and 2 have been satisfied in the past.
titanic property development limited Companies House Filings - See Documents
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