a n irwin feeds ltd
a n irwin feeds ltd Company Information
Company Number
NI026554
Website
http://irwinfeeds.comRegistered Address
stilloga mills, 11 carrowcolman road, eglish, dungannon, BT70 1LF
Industry
Post-harvest crop activities
Telephone
02837548276
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
carolyn irwin 45%
kenneth irwin 45%
View Alla n irwin feeds ltd Estimated Valuation
Pomanda estimates the enterprise value of A N IRWIN FEEDS LTD at £15.7m based on a Turnover of £22.6m and 0.69x industry multiple (adjusted for size and gross margin).
a n irwin feeds ltd Estimated Valuation
Pomanda estimates the enterprise value of A N IRWIN FEEDS LTD at £16.7m based on an EBITDA of £2m and a 8.47x industry multiple (adjusted for size and gross margin).
a n irwin feeds ltd Estimated Valuation
Pomanda estimates the enterprise value of A N IRWIN FEEDS LTD at £10.8m based on Net Assets of £7.9m and 1.37x industry multiple (adjusted for liquidity).
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A N Irwin Feeds Ltd Overview
A N Irwin Feeds Ltd is a live company located in eglish, BT70 1LF with a Companies House number of NI026554. It operates in the post-harvest crop activities sector, SIC Code 01630. Founded in May 1992, it's largest shareholder is carolyn irwin with a 45% stake. A N Irwin Feeds Ltd is a mature, large sized company, Pomanda has estimated its turnover at £22.6m with high growth in recent years.
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A N Irwin Feeds Ltd Health Check
Pomanda's financial health check has awarded A N Irwin Feeds Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £22.6m, make it in line with the average company (£23.1m)
£22.6m - A N Irwin Feeds Ltd
£23.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (2%)
17% - A N Irwin Feeds Ltd
2% - Industry AVG
Production
with a gross margin of 20.2%, this company has a lower cost of product (8.8%)
20.2% - A N Irwin Feeds Ltd
8.8% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (1.6%)
7.5% - A N Irwin Feeds Ltd
1.6% - Industry AVG
Employees
with 42 employees, this is above the industry average (28)
42 - A N Irwin Feeds Ltd
28 - Industry AVG
Pay Structure
on an average salary of £31.3k, the company has an equivalent pay structure (£35.5k)
£31.3k - A N Irwin Feeds Ltd
£35.5k - Industry AVG
Efficiency
resulting in sales per employee of £538.1k, this is equally as efficient (£483.4k)
£538.1k - A N Irwin Feeds Ltd
£483.4k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (46 days)
54 days - A N Irwin Feeds Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (40 days)
26 days - A N Irwin Feeds Ltd
40 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is more than average (9 days)
25 days - A N Irwin Feeds Ltd
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 67 weeks, this is more cash available to meet short term requirements (8 weeks)
67 weeks - A N Irwin Feeds Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.7%, this is a lower level of debt than the average (66.1%)
21.7% - A N Irwin Feeds Ltd
66.1% - Industry AVG
a n irwin feeds ltd Credit Report and Business Information
A N Irwin Feeds Ltd Competitor Analysis
Perform a competitor analysis for a n irwin feeds ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
a n irwin feeds ltd Ownership
A N IRWIN FEEDS LTD group structure
A N Irwin Feeds Ltd has no subsidiary companies.
Ultimate parent company
A N IRWIN FEEDS LTD
NI026554
a n irwin feeds ltd directors
A N Irwin Feeds Ltd currently has 2 directors. The longest serving directors include Mr Samuel Irwin (May 1992) and Mrs Carolyn Irwin (May 1992).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Samuel Irwin | 66 years | May 1992 | - | Director | |
| Mrs Carolyn Irwin | 61 years | May 1992 | - | Director |
A N IRWIN FEEDS LTD financials
A N Irwin Feeds Ltd's latest turnover from May 2023 is £22.6 million and the company has net assets of £7.9 million. According to their latest financial statements, A N Irwin Feeds Ltd has 42 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,599,420 | 18,434,796 | 16,194,343 | 14,194,099 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 18,039,950 | 14,405,051 | 12,144,207 | 10,884,603 | ||||||||||
| Gross Profit | 4,559,470 | 4,029,745 | 4,050,136 | 3,309,496 | ||||||||||
| Admin Expenses | 2,861,408 | 2,054,527 | 2,236,408 | 2,401,842 | ||||||||||
| Operating Profit | 1,698,062 | 1,975,218 | 1,813,728 | 907,654 | ||||||||||
| Interest Payable | 9,523 | 13,363 | 20,780 | 28,048 | ||||||||||
| Interest Receivable | 82,639 | 12,118 | 0 | 0 | ||||||||||
| Pre-Tax Profit | 1,771,178 | 1,973,973 | 1,792,948 | 879,606 | ||||||||||
| Tax | -163,795 | -194,487 | -306,838 | -164,437 | ||||||||||
| Profit After Tax | 1,607,383 | 1,779,486 | 1,486,110 | 715,169 | ||||||||||
| Dividends Paid | 33,000 | 33,000 | 33,000 | 0 | ||||||||||
| Retained Profit | 1,574,383 | 1,746,486 | 1,453,110 | 715,169 | ||||||||||
| Employee Costs | 1,316,230 | 1,292,465 | 1,095,478 | 1,044,860 | ||||||||||
| Number Of Employees | 42 | 43 | 42 | 38 | 39 | 39 | 38 | 39 | ||||||
| EBITDA* | 1,969,780 | 2,264,673 | 2,102,617 | 1,181,146 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,821,216 | 2,426,351 | 1,955,340 | 1,819,258 | 1,578,469 | 1,314,938 | 940,255 | 748,023 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 2,821,216 | 2,426,351 | 1,955,340 | 1,819,258 | 1,578,469 | 1,314,938 | 940,255 | 748,023 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,281,323 | 1,652,732 | 1,246,236 | 906,314 | 648,938 | 630,637 | 496,612 | 350,800 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,378,230 | 3,364,296 | 2,744,955 | 2,203,258 | 2,584,271 | 2,649,720 | 2,345,905 | 2,173,532 | 100,000 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 386,041 | 196,919 | 213,019 | 230,994 | 194,347 | 160,440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,243,894 | 1,620,152 | 1,197,041 | 364,361 | 79,984 | 342,918 | 80,764 | 100,835 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 30,634 | 26,951 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,289,488 | 6,834,099 | 5,401,251 | 3,704,927 | 3,507,540 | 3,783,715 | 2,953,915 | 2,652,118 | 100,000 | 0 | 0 | 0 | 0 | 0 |
| total assets | 10,110,704 | 9,260,450 | 7,356,591 | 5,524,185 | 5,086,009 | 5,098,653 | 3,894,170 | 3,400,141 | 100,000 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 3,926 | 1,253 | 73,648 | 126,944 | 168,394 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 58,001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,323,168 | 1,887,115 | 1,560,718 | 1,060,044 | 1,268,194 | 1,451,711 | 2,460,806 | 2,603,568 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 56,679 | 145,170 | 239,865 | 297,581 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 319,742 | 971,105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 48,271 | 71,697 | 63,289 | 90,593 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 285,618 | 249,621 | 333,655 | 291,678 | 647,756 | 746,718 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,717,662 | 2,412,857 | 2,271,175 | 1,866,840 | 2,235,692 | 3,169,534 | 2,460,806 | 2,603,568 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 91,757 | 192,045 | 240,253 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 27,845 | 71,350 | 44,958 | 61,624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 90,834 | 131,818 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 12,196 | 190,239 | 123,780 | 121,429 | 67,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 443,182 | 336,854 | 247,268 | 195,237 | 194,212 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 471,027 | 499,961 | 484,271 | 509,310 | 384,451 | 123,780 | 212,263 | 199,123 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,188,689 | 2,912,818 | 2,755,446 | 2,376,150 | 2,620,143 | 3,293,314 | 2,673,069 | 2,802,691 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 7,922,015 | 6,347,632 | 4,601,145 | 3,148,035 | 2,465,866 | 1,805,339 | 1,221,101 | 597,450 | 100,000 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 7,922,015 | 6,347,632 | 4,601,145 | 3,148,035 | 2,465,866 | 1,805,339 | 1,221,101 | 597,450 | 100,000 | 0 | 0 | 0 | 0 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,698,062 | 1,975,218 | 1,813,728 | 907,654 | ||||||||||
| Depreciation | 271,718 | 289,455 | 288,889 | 273,492 | 268,693 | 141,425 | 146,135 | 0 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | -163,795 | -194,487 | -306,838 | -164,437 | ||||||||||
| Stock | -371,409 | 406,496 | 339,922 | 257,376 | 18,301 | 134,025 | 145,812 | 350,800 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 203,056 | 603,241 | 523,722 | -344,366 | -31,542 | 464,255 | 172,373 | 2,073,532 | 100,000 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -563,947 | 326,397 | 500,674 | -208,150 | -183,517 | -1,009,095 | -142,762 | 2,603,568 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 35,997 | -84,034 | 41,977 | -356,078 | -98,962 | 655,884 | -40,984 | 131,818 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 106,328 | 89,586 | 52,031 | 1,025 | 194,212 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,552,716 | 1,392,398 | 1,526,817 | 540,496 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -58,001 | 58,001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -88,491 | -94,695 | -57,716 | 297,581 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -319,742 | -651,363 | 971,105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -91,757 | -100,288 | -48,208 | 240,253 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -66,931 | 34,800 | -43,970 | 152,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -12,196 | -178,043 | 66,459 | 2,351 | 54,124 | 67,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 73,116 | -1,245 | -20,780 | -28,048 | ||||||||||
| cash flow from financing | -232,064 | -103,426 | -182,870 | 131,218 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 623,742 | 423,111 | 832,680 | 284,377 | -262,934 | 262,154 | -20,071 | 100,835 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 2,673 | -72,395 | -53,296 | -41,450 | 168,394 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 621,069 | 495,506 | 885,976 | 325,827 | -431,328 | 262,154 | -20,071 | 100,835 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
May 2023turnover
22.6m
+23%
operating profit
1.7m
-14%
gross margin
20.2%
-7.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
7.9m
+0.25%
total assets
10.1m
+0.09%
cash
2.2m
+0.38%
net assets
Total assets minus all liabilities
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a n irwin feeds ltd company details
company number
NI026554
Type
Private limited with Share Capital
industry
01630 - Post-harvest crop activities
incorporation date
May 1992
age
32
accounts
Full Accounts
ultimate parent company
previous names
a n irwin & son limited (March 2015)
balzac limited (May 1992)
incorporated
UK
address
stilloga mills, 11 carrowcolman road, eglish, dungannon, BT70 1LF
last accounts submitted
May 2023
a n irwin feeds ltd 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 did not find charges/mortgages relating to a n irwin feeds ltd.
a n irwin feeds ltd Companies House Filings - See Documents
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