belfast gas transmission limited Company Information
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
Shareholders
belfast gas transmission financing plc 100%
belfast gas transmission limited Estimated Valuation
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
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
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).
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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.
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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
3 Strong
3 Regular
5 Weak
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
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
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
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
with 8 employees, this is below the industry average (25)
8 - Belfast Gas Transmission Limited
25 - Industry AVG
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
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
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
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Belfast Gas Transmission Limited
- - Industry AVG
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
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
Belfast Gas Transmission Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paddy Larkin | Northern Ireland | 55 years | Mar 2008 | - | Director |
Mr Gerard McIlroy | Northern Ireland | 55 years | Jan 2010 | - | Director |
Mr Patrick Anderson | Northern Ireland | 49 years | Oct 2016 | - | Director |
Mr Michael McKernan | 63 years | Jan 2018 | - | Director | |
Mr David Gray | 71 years | Jan 2019 | - | Director | |
Ms Ceri Richards | England | 65 years | Mar 2020 | - | Director |
Ms Ceri Richards | England | 65 years | Mar 2020 | - | Director |
Mr Harold McCracken | 74 years | Sep 2021 | - | Director | |
Mr Norman McKeown | 66 years | Nov 2023 | - | Director |
BELFAST GAS TRANSMISSION LIMITED financials
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 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 | 10,452,000 | 8,395,000 | 8,278,000 | 8,133,000 | 7,490,000 | 7,938,000 | 7,998,000 | 7,085,000 | 6,982,000 | 6,121,000 | 6,012,000 | 5,116,000 | 5,375,000 | 5,764,000 |
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | 6,976,000 | 5,628,000 | 5,625,000 | 5,513,000 | 4,380,000 | 4,374,000 | 4,952,000 | 3,810,000 | 3,658,000 | 3,602,000 | 3,327,000 | 3,145,000 | 2,966,000 | 3,407,000 |
Interest Payable | 23,042,000 | 14,054,000 | 5,195,000 | 6,943,000 | 6,661,000 | 8,343,000 | 6,442,000 | 4,808,000 | 4,538,000 | 6,392,000 | 7,005,000 | 7,537,000 | 8,529,000 | 5,831,000 |
Interest Receivable | 474,000 | 206,000 | 214,000 | 276,000 | 275,000 | 256,000 | 271,000 | 320,000 | 333,000 | 347,000 | 408,000 | 362,000 | 395,000 | 709,000 |
Pre-Tax Profit | -15,592,000 | -8,220,000 | 644,000 | -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 Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 Costs | 32,000 | 28,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Number Of Employees | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |
EBITDA* | 7,772,000 | 6,414,000 | 6,225,000 | 6,078,000 | 5,271,000 | 5,261,000 | 5,830,000 | 4,671,000 | 4,520,000 | 4,458,000 | 4,184,000 | 4,002,000 | 3,822,000 | 4,477,000 |
* 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 | 20,948,000 | 18,289,000 | 18,314,000 | 18,560,000 | 17,608,000 | 18,370,000 | 19,257,000 | 19,748,000 | 20,609,000 | 21,471,000 | 22,264,000 | 23,121,000 | 23,961,000 | 24,817,000 |
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 | 20,948,000 | 18,289,000 | 18,314,000 | 18,560,000 | 17,608,000 | 18,370,000 | 19,257,000 | 19,748,000 | 20,609,000 | 21,471,000 | 22,264,000 | 23,121,000 | 23,961,000 | 24,817,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 1,147,000 | 1,073,000 | 1,189,000 | 1,034,000 | 1,297,000 | 1,802,000 | 798,000 | 240,000 | 254,000 | 235,000 | 422,000 | 183,000 | 145,000 | 134,000 |
Group Debtors | 0 | 2,000 | 146,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 328,000 | 1,327,000 |
Misc Debtors | 233,000 | 165,000 | 93,000 | 786,000 | 88,000 | 63,000 | 148,000 | 113,000 | 615,000 | 107,000 | 1,156,000 | 238,000 | 1,066,000 | 733,000 |
Cash | 12,252,000 | 11,822,000 | 11,432,000 | 11,079,000 | 9,471,000 | 9,578,000 | 9,685,000 | 9,193,000 | 12,898,000 | 10,868,000 | 8,804,000 | 9,644,000 | 7,517,000 | 5,615,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 13,632,000 | 13,062,000 | 12,860,000 | 12,899,000 | 10,856,000 | 11,443,000 | 10,631,000 | 9,546,000 | 13,767,000 | 11,210,000 | 10,382,000 | 10,066,000 | 9,056,000 | 7,809,000 |
total assets | 34,580,000 | 31,351,000 | 31,174,000 | 31,459,000 | 28,464,000 | 29,813,000 | 29,888,000 | 29,294,000 | 34,376,000 | 32,681,000 | 32,646,000 | 33,187,000 | 33,017,000 | 32,626,000 |
Bank overdraft | 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 |
Trade Creditors | 1,000 | 4,000 | 0 | 13,000 | 4,000 | 4,000 | 13,000 | 24,000 | 6,000 | 8,000 | 25,000 | 3,000 | 19,000 | 12,000 |
Group/Directors Accounts | 65,212,000 | 46,797,000 | 0 | 0 | 0 | 30,837,000 | 25,696,000 | 22,327,000 | 24,720,000 | 21,070,000 | 17,756,000 | 13,699,000 | 0 | 0 |
other short term finances | 168,000 | 178,000 | 0 | 0 | 0 | 239,000 | 239,000 | 253,000 | 267,000 | 0 | 296,000 | 312,000 | 0 | 0 |
hp & lease commitments | 42,000 | 35,000 | 35,000 | 31,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 3,291,000 | 1,566,000 | 38,844,000 | 38,551,000 | 33,749,000 | 646,000 | 788,000 | 809,000 | 1,513,000 | 1,671,000 | 961,000 | 765,000 | 9,034,000 | 1,409,000 |
total current liabilities | 68,714,000 | 48,580,000 | 38,879,000 | 38,595,000 | 33,753,000 | 31,726,000 | 26,736,000 | 23,413,000 | 26,506,000 | 22,749,000 | 19,038,000 | 14,779,000 | 9,053,000 | 1,421,000 |
loans | 1,662,000 | 1,832,000 | 9,187,000 | 9,343,000 | 2,403,000 | 2,616,000 | 2,843,000 | 3,082,000 | 3,335,000 | 0 | 3,884,000 | 4,180,000 | 4,492,000 | 4,820,000 |
hp & lease commitments | 1,139,000 | 977,000 | 1,012,000 | 980,000 | 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 | 4,836,000 | 4,994,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,513,000 | 0 | 0 | 0 | 0 |
provisions | 2,394,000 | 2,085,000 | 3,000,000 | 2,932,000 | 2,362,000 | 1,215,000 | 1,227,000 | 1,299,000 | 1,443,000 | 1,682,000 | 1,775,000 | 1,988,000 | 4,604,000 | 5,288,000 |
total long term liabilities | 10,031,000 | 9,888,000 | 9,675,000 | 9,829,000 | 3,584,000 | 3,831,000 | 4,070,000 | 4,381,000 | 4,778,000 | 12,195,000 | 5,659,000 | 6,168,000 | 6,794,000 | 7,464,000 |
total liabilities | 78,745,000 | 58,468,000 | 48,554,000 | 48,424,000 | 37,337,000 | 35,557,000 | 30,806,000 | 27,794,000 | 31,284,000 | 34,944,000 | 24,697,000 | 20,947,000 | 15,847,000 | 8,885,000 |
net assets | -44,165,000 | -27,117,000 | -17,380,000 | -16,965,000 | -8,873,000 | -5,744,000 | -918,000 | 1,500,000 | 3,092,000 | -2,263,000 | 7,949,000 | 12,240,000 | 17,170,000 | 23,741,000 |
total shareholders funds | -44,165,000 | -27,117,000 | -17,380,000 | -16,965,000 | -8,873,000 | -5,744,000 | -918,000 | 1,500,000 | 3,092,000 | -2,263,000 | 7,949,000 | 12,240,000 | 17,170,000 | 23,741,000 |
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 | 6,976,000 | 5,628,000 | 5,625,000 | 5,513,000 | 4,380,000 | 4,374,000 | 4,952,000 | 3,810,000 | 3,658,000 | 3,602,000 | 3,327,000 | 3,145,000 | 2,966,000 | 3,407,000 |
Depreciation | 638,000 | 627,000 | 600,000 | 565,000 | 891,000 | 887,000 | 878,000 | 861,000 | 862,000 | 856,000 | 857,000 | 857,000 | 856,000 | 1,070,000 |
Amortisation | 158,000 | 159,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 140,000 | -188,000 | -392,000 | 435,000 | -480,000 | 919,000 | 593,000 | -516,000 | 527,000 | -1,236,000 | 1,156,000 | -1,117,000 | -655,000 | 2,194,000 |
Creditors | -3,000 | 4,000 | -13,000 | 9,000 | 0 | -9,000 | -11,000 | 18,000 | -2,000 | -17,000 | 22,000 | -16,000 | 7,000 | 12,000 |
Accruals and Deferred Income | 1,725,000 | -37,278,000 | 293,000 | 4,802,000 | 33,103,000 | -142,000 | -21,000 | -704,000 | -158,000 | 710,000 | 196,000 | -8,269,000 | 7,625,000 | 1,409,000 |
Deferred Taxes & Provisions | 309,000 | -915,000 | 68,000 | 570,000 | 1,147,000 | -12,000 | -72,000 | -144,000 | -239,000 | -93,000 | -213,000 | -2,616,000 | -684,000 | 5,288,000 |
Cash flow from operations | 8,207,000 | -33,104,000 | 5,906,000 | 9,837,000 | 39,166,000 | 3,354,000 | 4,222,000 | 3,731,000 | 2,874,000 | 5,723,000 | 2,300,000 | -6,394,000 | 10,310,000 | 8,022,000 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 18,415,000 | 46,797,000 | 0 | 0 | -30,837,000 | 5,141,000 | 3,369,000 | -2,393,000 | 3,650,000 | 3,314,000 | 4,057,000 | 13,699,000 | 0 | 0 |
Other Short Term Loans | -10,000 | 178,000 | 0 | 0 | -239,000 | 0 | -14,000 | -14,000 | 267,000 | -296,000 | -16,000 | 312,000 | 0 | 0 |
Long term loans | -170,000 | -7,355,000 | -156,000 | 6,940,000 | -213,000 | -227,000 | -239,000 | -253,000 | 3,335,000 | -3,884,000 | -296,000 | -312,000 | -328,000 | 4,820,000 |
Hire Purchase and Lease Commitments | 169,000 | -35,000 | 36,000 | 1,011,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -158,000 | 4,994,000 | 0 | 0 | 0 | 0 | 0 | 0 | -10,513,000 | 10,513,000 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
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 | -4,322,000 | 30,731,000 | -5,101,000 | -4,467,000 | -37,963,000 | -3,461,000 | -3,343,000 | -7,436,000 | -844,000 | -3,596,000 | -3,140,000 | 6,236,000 | -8,750,000 | 26,124,000 |
cash and cash equivalents | ||||||||||||||
cash | 430,000 | 390,000 | 353,000 | 1,608,000 | -107,000 | -107,000 | 492,000 | -3,705,000 | 2,030,000 | 2,064,000 | -840,000 | 2,127,000 | 1,902,000 | 5,615,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 430,000 | 390,000 | 353,000 | 1,608,000 | -107,000 | -107,000 | 492,000 | -3,705,000 | 2,030,000 | 2,064,000 | -840,000 | 2,127,000 | 1,902,000 | 5,615,000 |
P&L
March 2023turnover
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 2023net 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.
belfast gas transmission limited Companies House Filings - See Documents
date | description | view/download |
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