noel eakin & sons limited

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noel eakin & sons limited Company Information

Share NOEL EAKIN & SONS LIMITED

Company Number

NI027852

Directors

Beatrice Eakin

Noel Eakin

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Shareholders

boreal ltd

Group Structure

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Industry

Wholesale trade of motor vehicle parts and accessories

 

Registered Address

carn business park, 19 carn road, portadown, co armagh, BT63 5WG

noel eakin & sons limited Estimated Valuation

£935k

Pomanda estimates the enterprise value of NOEL EAKIN & SONS LIMITED at £935k based on a Turnover of £3.3m and 0.29x industry multiple (adjusted for size and gross margin).

noel eakin & sons limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of NOEL EAKIN & SONS LIMITED at £3m based on an EBITDA of £790.1k and a 3.74x industry multiple (adjusted for size and gross margin).

noel eakin & sons limited Estimated Valuation

£37.7m

Pomanda estimates the enterprise value of NOEL EAKIN & SONS LIMITED at £37.7m based on Net Assets of £15.9m and 2.38x industry multiple (adjusted for liquidity).

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Noel Eakin & Sons Limited Overview

Noel Eakin & Sons Limited is a live company located in portadown, BT63 5WG with a Companies House number of NI027852. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in October 1993, it's largest shareholder is boreal ltd with a 100% stake. Noel Eakin & Sons Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with declining growth in recent years.

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Noel Eakin & Sons Limited Health Check

Pomanda's financial health check has awarded Noel Eakin & Sons Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £3.3m, make it smaller than the average company (£16.8m)

£3.3m - Noel Eakin & Sons Limited

£16.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (9.4%)

-6% - Noel Eakin & Sons Limited

9.4% - Industry AVG

production

Production

with a gross margin of 28.5%, this company has a comparable cost of product (28.5%)

28.5% - Noel Eakin & Sons Limited

28.5% - Industry AVG

profitability

Profitability

an operating margin of 20.6% make it more profitable than the average company (5.4%)

20.6% - Noel Eakin & Sons Limited

5.4% - Industry AVG

employees

Employees

with 19 employees, this is below the industry average (52)

19 - Noel Eakin & Sons Limited

52 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.7k, the company has an equivalent pay structure (£37.7k)

£37.7k - Noel Eakin & Sons Limited

£37.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £171.5k, this is less efficient (£289.4k)

£171.5k - Noel Eakin & Sons Limited

£289.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 63 days, this is later than average (50 days)

63 days - Noel Eakin & Sons Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 48 days, this is slower than average (38 days)

48 days - Noel Eakin & Sons Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 80 days, this is less than average (101 days)

80 days - Noel Eakin & Sons Limited

101 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 701 weeks, this is more cash available to meet short term requirements (9 weeks)

701 weeks - Noel Eakin & Sons Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 4.1%, this is a lower level of debt than the average (50%)

4.1% - Noel Eakin & Sons Limited

50% - Industry AVG

NOEL EAKIN & SONS LIMITED financials

EXPORTms excel logo

Noel Eakin & Sons Limited's latest turnover from December 2023 is estimated at £3.3 million and the company has net assets of £15.9 million. According to their latest financial statements, Noel Eakin & Sons Limited has 19 employees and maintains cash reserves of £8.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover3,257,7173,138,1033,516,8883,963,6584,567,2734,503,38950,700,98443,147,63517,484,18615,104,48514,006,85012,578,28611,771,5169,775,8929,539,359
Other Income Or Grants
Cost Of Sales2,328,3182,254,8902,575,8322,666,0633,030,7872,917,58535,108,29928,790,17512,245,29110,491,8039,808,1078,837,8828,443,5797,256,2657,010,213
Gross Profit929,400883,213941,0561,297,5951,536,4861,585,80415,592,68514,357,4605,238,8954,612,6824,198,7433,740,4043,327,9372,519,6272,529,146
Admin Expenses257,050268,500368,515443,254743,742612,51614,106,63010,924,4804,524,3213,271,9303,012,5472,835,0082,585,6832,318,3822,393,723
Operating Profit672,350614,713572,541854,341792,744973,2881,486,0553,432,980714,5741,340,7521,186,196905,396742,254201,245135,423
Interest Payable741,196412386,176658,985212,494206,344140,394165,083163,364157,115176,685
Interest Receivable402,187245,48516,16376,416145,113141,4952,974247351014637
Pre-Tax Profit1,074,537860,198588,7045,465,852936,6611,114,3711,102,8532,920,844502,0871,134,4431,045,802740,323579,03644,130-41,225
Tax-268,634-163,438-111,854-180,713-178,192-211,675-243,484-909,462-184,279-199,333-242,234-197,562-55,085-46,656-33,442
Profit After Tax805,903696,760476,8505,285,139758,469902,696859,3692,011,382317,808935,110803,568542,761523,951-2,526-74,667
Dividends Paid
Retained Profit805,903696,760476,8505,285,139758,469902,696582,4721,093,368350,383670,822596,315348,671341,21047,558-19,407
Employee Costs717,014668,774785,504616,282673,414616,95012,537,05510,404,7013,040,7482,477,6971,618,4771,480,1321,382,2111,189,488
Number Of Employees1919232223233172552449257535144
EBITDA*790,118726,333605,579896,568846,8951,035,1554,120,1445,829,6711,477,7631,924,0431,699,6401,399,7661,231,985658,080593,890

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets421,343404,56198,519121,11194,554116,8307,461,5647,334,9376,331,5781,567,6691,686,9231,527,2951,369,2791,336,3001,496,889
Intangible Assets10,927,4369,029,7218,576,4684,954,8551,497,0421,672,5501,858,7451,992,6952,168,313
Investments & Other2,314,8182,314,818202,450222,050222,050225,387
Debtors (Due After 1 year)
Total Fixed Assets421,343404,56198,519121,1112,409,3722,431,64818,389,00016,364,65814,908,0466,522,5243,183,9653,402,2953,450,0743,551,0453,890,589
Stock & work in progress512,285461,564574,539598,528630,480505,3796,009,7715,430,5303,600,1641,597,7561,363,5051,383,8321,075,198857,065850,716
Trade Debtors566,322601,260598,143646,652652,502723,3516,087,4287,030,9126,779,3132,165,4672,021,5831,950,6661,969,1951,512,0071,852,878
Group Debtors6,704,9307,203,6506,933,6506,393,6504,181,6313,877,7283,002,8284,341,6263,753,2953,410,7653,296,7453,089,1622,797,3152,595,6542,333,126
Misc Debtors211,980308,240295,950889,856856,693575,4695,539,3703,567,586599,691414,828329,303214,355190,152157,781151,666
Cash8,116,0857,205,3276,822,3726,107,865388,521805,1453,353,6734,292,6331,892,045653,346535,940244,85076,36055,6039,960
misc current assets
total current assets16,111,60215,780,04115,224,65414,636,5516,709,8276,487,07223,993,07024,663,28716,624,5088,242,1627,547,0766,882,8656,108,2205,178,1105,198,346
total assets16,532,94516,184,60215,323,17314,757,6629,119,1998,918,72042,382,07041,027,94531,532,55414,764,68610,731,04110,285,1609,558,2948,729,1559,088,935
Bank overdraft1,850,2671,123,565907,5121,245,8881,425,7601,543,2281,599,5421,275,8671,446,941
Bank loan297,226112,228112,228362,228292,229399,729
Trade Creditors 311,151230,447407,662719,433189,942178,6355,137,4735,025,6755,306,8881,652,1621,462,5791,917,1271,767,9612,068,1252,641,515
Group/Directors Accounts5,9995,99944,39044,5191,080,6981,527,797921,7042,671,9222,327,4221,741,0111,586,0161,692,2511,544,0201,260,5291,039,611
other short term finances2,348,4072,330,4801,618,062125,000
hp & lease commitments119,071150,89369,02098,772117,664115,69481,09496,744162,982
other current liabilities284,399818,015521,640119,52178,472193,1228,833,9309,950,79710,775,721823,041808,580691,562674,843431,261708,728
total current liabilities601,5491,054,461973,692883,4731,349,1121,899,55419,210,85221,253,33221,004,6255,858,1005,512,8276,072,0906,029,6885,424,7556,524,506
loans11,096,7698,384,7143,350,0553,646,196594,527492,583599,330935,2511,317,501
hp & lease commitments317,809437,04227,809136,895219,563154,59488,28556,17776,576
Accruals and Deferred Income
other liabilities50,000
provisions79,25283,9001,5586958,2431,607,7011,822,8381,862,121153,856158,139123,47610,5896,52113,132
total long term liabilities79,25283,9001,5586958,24313,022,27910,644,5945,239,9853,936,947972,229770,653698,204997,9491,457,209
total liabilities680,8011,138,361973,692885,0311,349,8071,907,79732,233,13131,897,92626,244,6109,795,0476,485,0566,842,7436,727,8926,422,7047,981,715
net assets15,852,14415,046,24114,349,48113,872,6317,769,3927,010,9237,236,9406,494,9174,044,6203,694,2373,023,4152,427,1002,078,4291,737,2191,107,220
total shareholders funds15,852,14415,046,24114,349,48113,872,6317,769,3927,010,9237,236,9406,494,9174,044,6203,694,2373,023,4152,427,1002,078,4291,737,2191,107,220
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit672,350614,713572,541854,341792,744973,2881,486,0553,432,980714,5741,340,7521,186,196905,396742,254201,245135,423
Depreciation117,768111,62033,03842,22754,15161,8671,633,6421,510,413366,298300,808312,936300,055297,448281,217282,887
Amortisation1,000,447886,278396,891282,483200,508194,315192,283175,618175,580
Tax-268,634-163,438-111,854-180,713-178,192-211,675-243,484-909,462-184,279-199,333-242,234-197,562-55,085-46,656-33,442
Stock50,721-112,975-23,989-31,952125,101-5,504,392579,2411,830,3662,002,408234,251-20,327308,634218,1336,349850,716
Debtors-629,918285,407-102,4152,239,332514,278-9,453,078-310,4983,807,8255,141,239343,429393,448297,521691,220-72,2284,337,670
Creditors80,704-177,215-311,771529,49111,307-4,958,838111,798-281,2133,654,726189,583-454,548149,166-300,164-573,3902,641,515
Accruals and Deferred Income-533,616296,375402,11941,049-114,650-8,640,808-1,116,867-824,9249,952,68014,461117,01816,719243,582-277,467708,728
Deferred Taxes & Provisions-4,64883,900-1,558863-7,548-1,599,458-215,137-39,2831,708,265-4,28334,663112,8874,068-6,61113,132
Cash flow from operations643,121593,523708,919-920,122-81,567581,8462,387,711-1,863,4029,465,5081,346,791781,418874,821215,033-180,165-1,264,563
Investing Activities
capital expenditure-134,550-417,662-10,446-68,784-31,87518,210,303-1,423,429-409,303-963,638-300,767-297,956-235,791-230,558-210,484-121,784
Change in Investments-2,314,8182,314,818-202,450-19,600-3,337225,387
cash flow from investments-134,550-417,662-10,4462,246,034-31,87515,895,485-1,423,429-409,303-963,638-300,767-95,506-216,191-230,558-207,147-347,171
Financing Activities
Bank loans-297,226184,998-250,00069,999-107,500399,729
Group/Directors Accounts-38,391-129-1,036,179-447,099606,093-1,750,218344,500586,411154,995-106,235148,231283,491220,9181,039,611
Other Short Term Loans -2,348,40717,927712,4181,618,062-125,000125,000
Long term loans-11,096,7692,712,0555,034,659-296,1413,051,669101,944-106,747-335,921-382,2501,317,501
Hire Purchase and Lease Commitments-436,880-151,055491,106-138,838-101,56066,939100,90916,458-86,637239,558
other long term liabilities-50,00050,000
share issue818,100-1,128,713159,5511,356,929582,4411,126,627
interest402,187245,48516,16376,342143,917141,083-383,202-658,961-212,487-206,309-140,394-165,073-163,218-157,115-176,648
cash flow from financing402,187207,09416,034-141,737-303,182-14,263,593605,0587,280,6511,259,7813,083,793-77,746-272,680-129,191-105,1434,121,378
cash and cash equivalents
cash910,758382,955714,5075,719,344-416,624-2,548,528-938,9602,400,5881,238,699117,406291,090168,49020,75745,6439,960
overdraft-1,850,267726,702216,053-338,376-179,872-117,468-56,314323,675-171,0741,446,941
change in cash910,758382,955714,5075,719,344-416,624-698,261-1,665,6622,184,5351,577,075297,278408,558224,804-302,918216,717-1,436,981

noel eakin & sons limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Noel Eakin & Sons Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for noel eakin & sons limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BT63 area or any other competitors across 12 key performance metrics.

noel eakin & sons limited Ownership

NOEL EAKIN & SONS LIMITED group structure

Noel Eakin & Sons Limited has no subsidiary companies.

Ultimate parent company

1 parent

NOEL EAKIN & SONS LIMITED

NI027852

NOEL EAKIN & SONS LIMITED Shareholders

boreal ltd 100%

noel eakin & sons limited directors

Noel Eakin & Sons Limited currently has 6 directors. The longest serving directors include Mrs Beatrice Eakin (Oct 1993) and Mr Noel Eakin (Oct 1993).

officercountryagestartendrole
Mrs Beatrice Eakin74 years Oct 1993- Director
Mr Noel EakinUnited Kingdom75 years Oct 1993- Director
Mr Timothy Eakin53 years Feb 2001- Director
Mr Simon Eakin50 years Jan 2015- Director
Mr Gareth Eakin46 years Sep 2020- Director
Mrs Grace Ewart38 years Sep 2020- Director

P&L

December 2023

turnover

3.3m

+4%

operating profit

672.4k

0%

gross margin

28.6%

+1.37%

turnover

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

Balance Sheet

December 2023

net assets

15.9m

+0.05%

total assets

16.5m

+0.02%

cash

8.1m

+0.13%

net assets

Total assets minus all liabilities

noel eakin & sons limited company details

company number

NI027852

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

October 1993

age

32

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

noel eakin & son limited (February 1994)

arkose limited (January 1994)

accountant

-

auditor

-

address

carn business park, 19 carn road, portadown, co armagh, BT63 5WG

Bank

NORTHERN BANK LTD

Legal Advisor

-

noel eakin & sons 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 noel eakin & sons limited. Currently there are 5 open charges and 0 have been satisfied in the past.

noel eakin & sons limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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noel eakin & sons limited Companies House Filings - See Documents

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