belfast gas transmission limited

4

belfast gas transmission limited Company Information

Share BELFAST GAS TRANSMISSION LIMITED
Live 
MatureMidHealthy

Company Number

NI026420

Registered Address

first floor the arena building, 85 ormeau road, belfast, BT7 1SH

Industry

Distribution of gaseous fuels through mains

 

Telephone

-

Next Accounts Due

December 2024

Group Structure

View All

Directors

Paddy Larkin15 Years

Gerard McIlroy14 Years

View All

Shareholders

belfast gas transmission financing plc 100%

belfast gas transmission limited Estimated Valuation

£17.6m

Pomanda estimates the enterprise value of BELFAST GAS TRANSMISSION LIMITED at £17.6m based on a Turnover of £10.5m and 1.68x industry multiple (adjusted for size and gross margin).

belfast gas transmission limited Estimated Valuation

£41.2m

Pomanda estimates the enterprise value of BELFAST GAS TRANSMISSION LIMITED at £41.2m based on an EBITDA of £7.8m and a 5.3x industry multiple (adjusted for size and gross margin).

belfast gas transmission limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BELFAST GAS TRANSMISSION LIMITED at £0 based on Net Assets of £-44.2m and 2.52x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

Belfast Gas Transmission Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

View Sample

Belfast Gas Transmission Limited Overview

Belfast Gas Transmission Limited is a live company located in belfast, BT7 1SH with a Companies House number of NI026420. It operates in the distribution of gaseous fuels through mains sector, SIC Code 35220. Founded in March 1992, it's largest shareholder is belfast gas transmission financing plc with a 100% stake. Belfast Gas Transmission Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Belfast Gas Transmission Limited Health Check

Pomanda's financial health check has awarded Belfast Gas Transmission Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £10.5m, make it smaller than the average company (£34.4m)

£10.5m - Belfast Gas Transmission Limited

£34.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.7%)

9% - Belfast Gas Transmission Limited

8.7% - Industry AVG

production

Production

with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)

25.1% - Belfast Gas Transmission Limited

25.1% - Industry AVG

profitability

Profitability

an operating margin of 66.7% make it more profitable than the average company (32.1%)

66.7% - Belfast Gas Transmission Limited

32.1% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (25)

8 - Belfast Gas Transmission Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £4k, the company has a lower pay structure (£57.8k)

£4k - Belfast Gas Transmission Limited

£57.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.3m, this is equally as efficient (£1.5m)

£1.3m - Belfast Gas Transmission Limited

£1.5m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is later than average (17 days)

40 days - Belfast Gas Transmission Limited

17 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (18 days)

0 days - Belfast Gas Transmission Limited

18 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Belfast Gas Transmission Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is more cash available to meet short term requirements (6 weeks)

9 weeks - Belfast Gas Transmission Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 227.7%, this is a higher level of debt than the average (79.5%)

227.7% - Belfast Gas Transmission Limited

79.5% - Industry AVG

belfast gas transmission limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for belfast gas transmission limited. Get real-time insights into belfast gas transmission limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Belfast Gas Transmission Limited Competitor Analysis

BETA
competitor_analysis_table_img

Perform a competitor analysis for belfast gas transmission limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

belfast gas transmission limited Ownership

BELFAST GAS TRANSMISSION LIMITED group structure

Belfast Gas Transmission Limited has no subsidiary companies.

Ultimate parent company

2 parents

BELFAST GAS TRANSMISSION LIMITED

NI026420

BELFAST GAS TRANSMISSION LIMITED Shareholders

belfast gas transmission financing plc 100%

belfast gas transmission limited directors

Belfast Gas Transmission Limited currently has 9 directors. The longest serving directors include Mr Paddy Larkin (Mar 2008) and Mr Gerard McIlroy (Jan 2010).

officercountryagestartendrole
Mr Paddy LarkinNorthern Ireland55 years Mar 2008- Director
Mr Gerard McIlroyNorthern Ireland55 years Jan 2010- Director
Mr Patrick AndersonNorthern Ireland49 years Oct 2016- Director
Mr Michael McKernan63 years Jan 2018- Director
Mr David Gray71 years Jan 2019- Director
Ms Ceri RichardsEngland65 years Mar 2020- Director
Ms Ceri RichardsEngland65 years Mar 2020- Director
Mr Harold McCracken74 years Sep 2021- Director
Mr Norman McKeown66 years Nov 2023- Director

BELFAST GAS TRANSMISSION LIMITED financials

EXPORTms excel logo

Belfast Gas Transmission Limited's latest turnover from March 2023 is £10.5 million and the company has net assets of -£44.2 million. According to their latest financial statements, Belfast Gas Transmission Limited has 8 employees and maintains cash reserves of £12.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover10,452,0008,395,0008,278,0008,133,0007,490,0007,938,0007,998,0007,085,0006,982,0006,121,0006,012,0005,116,0005,375,0005,764,000
Other Income Or Grants00000000000000
Cost Of Sales7,831,9456,372,5886,452,0915,981,8555,745,3146,231,1215,925,2495,695,4865,524,5284,946,1444,691,0874,058,1563,990,6744,672,310
Gross Profit2,620,0552,022,4121,825,9092,151,1451,744,6861,706,8792,072,7511,389,5141,457,4721,174,8561,320,9131,057,8441,384,3261,091,690
Admin Expenses-4,355,945-3,605,588-3,799,091-3,361,855-2,635,314-2,667,121-2,879,249-2,420,486-2,200,528-2,427,144-2,006,087-2,087,156-1,581,674-2,315,310
Operating Profit6,976,0005,628,0005,625,0005,513,0004,380,0004,374,0004,952,0003,810,0003,658,0003,602,0003,327,0003,145,0002,966,0003,407,000
Interest Payable23,042,00014,054,0005,195,0006,943,0006,661,0008,343,0006,442,0004,808,0004,538,0006,392,0007,005,0007,537,0008,529,0005,831,000
Interest Receivable474,000206,000214,000276,000275,000256,000271,000320,000333,000347,000408,000362,000395,000709,000
Pre-Tax Profit-15,592,000-8,220,000644,000-1,154,000-2,006,000-3,713,000-1,219,000-678,000-547,000-2,443,000-3,270,000-4,030,000-5,168,000-1,715,000
Tax-1,456,000-1,517,000-1,059,000-1,187,000-835,000-825,000-911,000-626,000-720,000-571,000-733,000-612,000-1,115,000-970,000
Profit After Tax-17,048,000-9,737,000-415,000-2,341,000-2,841,000-4,538,000-2,130,000-1,304,000-1,267,000-3,014,000-4,003,000-4,642,000-6,283,000-2,685,000
Dividends Paid00000000000000
Retained Profit-17,048,000-9,737,000-415,000-2,341,000-2,841,000-4,538,000-2,130,000-1,304,000-1,267,000-3,014,000-4,003,000-4,642,000-6,283,000-2,685,000
Employee Costs32,00028,000000000000000
Number Of Employees88887777777877
EBITDA*7,772,0006,414,0006,225,0006,078,0005,271,0005,261,0005,830,0004,671,0004,520,0004,458,0004,184,0004,002,0003,822,0004,477,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets20,948,00018,289,00018,314,00018,560,00017,608,00018,370,00019,257,00019,748,00020,609,00021,471,00022,264,00023,121,00023,961,00024,817,000
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets20,948,00018,289,00018,314,00018,560,00017,608,00018,370,00019,257,00019,748,00020,609,00021,471,00022,264,00023,121,00023,961,00024,817,000
Stock & work in progress00000000000000
Trade Debtors1,147,0001,073,0001,189,0001,034,0001,297,0001,802,000798,000240,000254,000235,000422,000183,000145,000134,000
Group Debtors02,000146,000000000001,000328,0001,327,000
Misc Debtors233,000165,00093,000786,00088,00063,000148,000113,000615,000107,0001,156,000238,0001,066,000733,000
Cash12,252,00011,822,00011,432,00011,079,0009,471,0009,578,0009,685,0009,193,00012,898,00010,868,0008,804,0009,644,0007,517,0005,615,000
misc current assets00000000000000
total current assets13,632,00013,062,00012,860,00012,899,00010,856,00011,443,00010,631,0009,546,00013,767,00011,210,00010,382,00010,066,0009,056,0007,809,000
total assets34,580,00031,351,00031,174,00031,459,00028,464,00029,813,00029,888,00029,294,00034,376,00032,681,00032,646,00033,187,00033,017,00032,626,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 1,0004,000013,0004,0004,00013,00024,0006,0008,00025,0003,00019,00012,000
Group/Directors Accounts65,212,00046,797,00000030,837,00025,696,00022,327,00024,720,00021,070,00017,756,00013,699,00000
other short term finances168,000178,000000239,000239,000253,000267,0000296,000312,00000
hp & lease commitments42,00035,00035,00031,0000000000000
other current liabilities3,291,0001,566,00038,844,00038,551,00033,749,000646,000788,000809,0001,513,0001,671,000961,000765,0009,034,0001,409,000
total current liabilities68,714,00048,580,00038,879,00038,595,00033,753,00031,726,00026,736,00023,413,00026,506,00022,749,00019,038,00014,779,0009,053,0001,421,000
loans1,662,0001,832,0009,187,0009,343,0002,403,0002,616,0002,843,0003,082,0003,335,00003,884,0004,180,0004,492,0004,820,000
hp & lease commitments1,139,000977,0001,012,000980,0000000000000
Accruals and Deferred Income00000000000000
other liabilities4,836,0004,994,000000000010,513,0000000
provisions2,394,0002,085,0003,000,0002,932,0002,362,0001,215,0001,227,0001,299,0001,443,0001,682,0001,775,0001,988,0004,604,0005,288,000
total long term liabilities10,031,0009,888,0009,675,0009,829,0003,584,0003,831,0004,070,0004,381,0004,778,00012,195,0005,659,0006,168,0006,794,0007,464,000
total liabilities78,745,00058,468,00048,554,00048,424,00037,337,00035,557,00030,806,00027,794,00031,284,00034,944,00024,697,00020,947,00015,847,0008,885,000
net assets-44,165,000-27,117,000-17,380,000-16,965,000-8,873,000-5,744,000-918,0001,500,0003,092,000-2,263,0007,949,00012,240,00017,170,00023,741,000
total shareholders funds-44,165,000-27,117,000-17,380,000-16,965,000-8,873,000-5,744,000-918,0001,500,0003,092,000-2,263,0007,949,00012,240,00017,170,00023,741,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit6,976,0005,628,0005,625,0005,513,0004,380,0004,374,0004,952,0003,810,0003,658,0003,602,0003,327,0003,145,0002,966,0003,407,000
Depreciation638,000627,000600,000565,000891,000887,000878,000861,000862,000856,000857,000857,000856,0001,070,000
Amortisation158,000159,000000000000000
Tax-1,456,000-1,517,000-1,059,000-1,187,000-835,000-825,000-911,000-626,000-720,000-571,000-733,000-612,000-1,115,000-970,000
Stock00000000000000
Debtors140,000-188,000-392,000435,000-480,000919,000593,000-516,000527,000-1,236,0001,156,000-1,117,000-655,0002,194,000
Creditors-3,0004,000-13,0009,0000-9,000-11,00018,000-2,000-17,00022,000-16,0007,00012,000
Accruals and Deferred Income1,725,000-37,278,000293,0004,802,00033,103,000-142,000-21,000-704,000-158,000710,000196,000-8,269,0007,625,0001,409,000
Deferred Taxes & Provisions309,000-915,00068,000570,0001,147,000-12,000-72,000-144,000-239,000-93,000-213,000-2,616,000-684,0005,288,000
Cash flow from operations8,207,000-33,104,0005,906,0009,837,00039,166,0003,354,0004,222,0003,731,0002,874,0005,723,0002,300,000-6,394,00010,310,0008,022,000
Investing Activities
capital expenditure-3,455,000-761,000-354,000-1,517,000-129,0000-387,00000-63,0000-17,0000-25,887,000
Change in Investments00000000000000
cash flow from investments-3,455,000-761,000-354,000-1,517,000-129,0000-387,00000-63,0000-17,0000-25,887,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts18,415,00046,797,00000-30,837,0005,141,0003,369,000-2,393,0003,650,0003,314,0004,057,00013,699,00000
Other Short Term Loans -10,000178,00000-239,0000-14,000-14,000267,000-296,000-16,000312,00000
Long term loans-170,000-7,355,000-156,0006,940,000-213,000-227,000-239,000-253,0003,335,000-3,884,000-296,000-312,000-328,0004,820,000
Hire Purchase and Lease Commitments169,000-35,00036,0001,011,0000000000000
other long term liabilities-158,0004,994,000000000-10,513,00010,513,0000000
share issue000-5,751,000-288,000-288,000-288,000-288,0006,622,000-7,198,000-288,000-288,000-288,00026,426,000
interest-22,568,000-13,848,000-4,981,000-6,667,000-6,386,000-8,087,000-6,171,000-4,488,000-4,205,000-6,045,000-6,597,000-7,175,000-8,134,000-5,122,000
cash flow from financing-4,322,00030,731,000-5,101,000-4,467,000-37,963,000-3,461,000-3,343,000-7,436,000-844,000-3,596,000-3,140,0006,236,000-8,750,00026,124,000
cash and cash equivalents
cash430,000390,000353,0001,608,000-107,000-107,000492,000-3,705,0002,030,0002,064,000-840,0002,127,0001,902,0005,615,000
overdraft00000000000000
change in cash430,000390,000353,0001,608,000-107,000-107,000492,000-3,705,0002,030,0002,064,000-840,0002,127,0001,902,0005,615,000

P&L

March 2023

turnover

10.5m

+25%

operating profit

7m

+24%

gross margin

25.1%

+4.05%

turnover

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

Balance Sheet

March 2023

net assets

-44.2m

+0.63%

total assets

34.6m

+0.1%

cash

12.3m

+0.04%

net assets

Total assets minus all liabilities

belfast gas transmission limited company details

company number

NI026420

Type

Private limited with Share Capital

industry

35220 - Distribution of gaseous fuels through mains

incorporation date

March 1992

age

32

accounts

Full Accounts

ultimate parent company

previous names

phoenix natural gas limited (November 2004)

premier energy suppliers limited (April 1996)

incorporated

UK

address

first floor the arena building, 85 ormeau road, belfast, BT7 1SH

last accounts submitted

March 2023

belfast gas transmission 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 belfast gas transmission limited. Currently there are 3 open charges and 2 have been satisfied in the past.

charges

belfast gas transmission limited Companies House Filings - See Documents

datedescriptionview/download