Garlaw Developments Limited

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garlaw developments limited Company Information

Live

MatureLargeRapid

Company Number

NI031113

Website

Registered Address

53 upper dromore road, warrenpoint, co.down, BT34 3PN

Industry

Buying and selling of own real estate

Telephone

Next Accounts Due

January 2025

Group Structure

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Directors

Michael O'Hare27 Years

Marina Heaney24 Years

Shareholders

o'hare holdings ltd 100%

garlaw developments limited Estimated Valuation

£53.4m

Pomanda estimates the enterprise value of GARLAW DEVELOPMENTS LIMITED at £53.4m based on a Turnover of £22.2m and 2.41x industry multiple (adjusted for size and gross margin).

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Garlaw Developments Limited is a live company located in co.down, BT34 3PN with a Companies House number of NI031113. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in July 1996, it's largest shareholder is o'hare holdings ltd with a 100% stake. Garlaw Developments Limited is a mature, large sized company, Pomanda has estimated its turnover at £22.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Garlaw Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £22.2m, make it larger than the average company (£873.5k)

Growth

3 year (CAGR) sales growth of 132%, show it is growing at a faster rate (2%)

EXPORT

Garlaw Developments Limited's latest turnover from April 2023 is estimated at £22.2 million and the company has net assets of £2.9 million. According to their latest financial statements, we estimate that Garlaw Developments Limited has 33 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	22,187,631	19,844,557	1,684,889	1,785,414	915,570	685,923	510,126	486,656	340,589	499,883	214,613	2,113,878	2,025,902	1,955,089
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	16,172,714	14,352,527	1,283,825	1,409,764	684,437	515,101	392,382	361,999	262,132	400,813	170,886	1,699,574	1,659,553	1,621,180
Gross Profit	6,014,917	5,492,031	401,065	375,650	231,133	170,822	117,744	124,657	78,457	99,070	43,727	414,304	366,349	333,909
Admin Expenses	5,907,304	5,355,355	235,116	144,989	44,742	-87,674	-333,719	-166,984	-239,496	49,736	87,723	244,049	235,025	-1,659,078
Operating Profit	107,613	136,676	165,949	230,661	186,391	258,496	451,463	291,641	317,953	49,334	-43,996	170,255	131,324	1,992,987
Interest Payable	0	0	0	0	0	107,331	196,250	178,425	81,656	0	0	0	0	0
Interest Receivable	0	610	102	146	1,681	2,228	1,026	459	381	345	217	137	87	61
Pre-Tax Profit	107,613	137,286	166,051	230,807	188,072	153,393	256,238	113,675	236,678	49,678	-43,779	170,392	131,411	1,993,049
Tax	-26,903	-26,084	-31,550	-43,853	-35,734	-29,145	-48,685	-22,735	-47,335	-10,432	0	-40,894	-34,167	-558,054
Profit After Tax	80,710	111,202	134,501	186,954	152,338	124,248	207,553	90,940	189,342	39,246	-43,779	129,498	97,244	1,434,995
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	80,710	111,202	134,501	186,954	152,338	124,248	207,553	90,940	189,342	39,246	-43,779	129,498	97,244	1,434,995
Employee Costs	1,230,023	985,406	107,438	121,136	78,237	74,842	35,739	38,594	35,033	36,675	34,801	133,632	135,065	132,130
Number Of Employees	33	27	3	3	2	2	1	1	1	1	1	4	4	4
EBITDA*	107,613	136,676	166,152	230,712	186,454	258,575	451,562	291,765	318,108	49,527	-43,754	170,557	131,694	1,993,117

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	365,836	365,836	365,836	366,039	366,090	366,153	366,232	366,331	366,455	366,610	366,803	367,045	367,347	510,620
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	2	2	2	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	365,836	365,836	365,836	366,039	366,090	366,153	366,232	366,331	366,455	366,610	366,805	367,047	367,349	510,620
Stock & work in progress	0	0	5,533,995	5,533,995	5,523,303	5,523,303	5,523,303	5,523,303	4,595,080	4,287,082	3,694,627	1,916,906	1,829,490	1,829,490
Trade Debtors	6,521,041	6,401,466	617,792	590,000	260,000	160,000	110,000	149,350	40,000	0	0	636,169	651,169	671,169
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	162,789	41,421	250,467	197,759	693,538	127,040	56,493	95,721	42,214	44,394	10,276	24,472
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,521,041	6,401,466	6,314,576	6,165,416	6,033,770	5,881,062	6,326,841	5,799,693	4,691,573	4,382,803	3,736,841	2,597,469	2,490,935	2,525,131
total assets	6,886,877	6,767,302	6,680,412	6,531,455	6,399,860	6,247,215	6,693,073	6,166,024	5,058,028	4,749,413	4,103,646	2,964,516	2,858,284	3,035,751
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	15,000	15,000	0	0	0	0	0	0
Trade Creditors	818,135	716,409	713,578	720,372	775,731	740,424	0	32,091	698,978	612,205	287,934	283,505	291,147	285,718
Group/Directors Accounts	0	0	0	0	0	0	1,036,297	1,018,617	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	0	0	0	0	0	0	209,233	200,326	0	0	0	0	0	0
total current liabilities	818,135	716,409	713,578	720,372	775,731	740,424	1,260,530	1,266,034	698,978	612,205	287,934	283,505	291,147	285,718
loans	0	0	0	0	0	0	3,287,500	2,962,500	2,512,500	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	3,133,750	3,196,611	3,223,750	3,202,500	3,202,500	3,237,500	0	0	0	2,480,000	2,197,750	1,019,270	1,034,894	1,315,034
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	3,133,750	3,196,611	3,223,750	3,202,500	3,202,500	3,237,500	3,287,500	2,962,500	2,512,500	2,480,000	2,197,750	1,019,270	1,034,894	1,315,034
total liabilities	3,951,885	3,913,020	3,937,328	3,922,872	3,978,231	3,977,924	4,548,030	4,228,534	3,211,478	3,092,205	2,485,684	1,302,775	1,326,041	1,600,752
net assets	2,934,992	2,854,282	2,743,084	2,608,583	2,421,629	2,269,291	2,145,043	1,937,490	1,846,550	1,657,208	1,617,962	1,661,741	1,532,243	1,434,999
total shareholders funds	2,934,992	2,854,282	2,743,084	2,608,583	2,421,629	2,269,291	2,145,043	1,937,490	1,846,550	1,657,208	1,617,962	1,661,741	1,532,243	1,434,999

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	107,613	136,676	165,949	230,661	186,391	258,496	451,463	291,641	317,953	49,334	-43,996	170,255	131,324	1,992,987
Depreciation	0	0	203	51	63	79	99	124	155	193	242	302	370	130
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-26,903	-26,084	-31,550	-43,853	-35,734	-29,145	-48,685	-22,735	-47,335	-10,432	0	-40,894	-34,167	-558,054
Stock	0	-5,533,995	0	10,692	0	0	0	928,223	307,998	592,455	1,777,721	87,416	0	1,829,490
Debtors	119,575	5,783,674	27,792	330,000	100,000	50,000	-39,350	109,350	40,000	0	-636,169	-15,000	-20,000	671,169
Creditors	101,726	2,831	-6,794	-55,359	35,307	740,424	-32,091	-666,887	86,773	324,271	4,429	-7,642	5,429	285,718
Accruals and Deferred Income	0	0	0	0	0	-209,233	8,907	200,326	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	62,861	-136,256	100,016	-209,192	86,027	710,621	419,043	-1,235,104	9,548	-229,089	-1,180,877	49,605	122,956	-779,878
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	142,903	-510,750
Change in Investments	0	0	0	0	0	0	0	0	0	-2	0	0	2	0
cash flow from investments	0	0	0	0	0	0	0	0	0	2	0	0	142,901	-510,750
Financing Activities
Bank loans	0	0	0	0	0	-15,000	0	15,000	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-1,036,297	17,680	1,018,617	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	0	0	0	0	0	-3,287,500	325,000	450,000	2,512,500	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	-62,861	-27,139	21,250	0	-35,000	3,237,500	0	0	-2,480,000	282,250	1,178,480	-15,624	-280,140	1,315,034
share issue	0	-4	0	0	0	0	0	0	0	0	0	0	0	4
interest	0	610	102	146	1,681	-105,103	-195,224	-177,966	-81,275	345	217	137	87	61
cash flow from financing	-62,861	-26,533	21,352	146	-33,319	-1,206,400	147,456	1,305,651	-48,775	282,595	1,178,697	-15,487	-280,053	1,315,099
cash and cash equivalents
cash	0	-162,789	121,368	-209,046	52,708	-495,779	566,498	70,547	-39,228	53,507	-2,180	34,118	-14,196	24,472
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-162,789	121,368	-209,046	52,708	-495,779	566,498	70,547	-39,228	53,507	-2,180	34,118	-14,196	24,472

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GARLAW DEVELOPMENTS LIMITED group structure

Garlaw Developments Limited has no subsidiary companies.

Ultimate parent company

GARLAW DEVELOPMENTS LIMITED

NI031113

GARLAW DEVELOPMENTS LIMITED Shareholders

o'hare holdings ltd

100%

Garlaw Developments Limited currently has 2 directors. The longest serving directors include Mr Michael O'Hare (Jul 1996) and Ms Marina Heaney (Apr 2000).

officer	country	age	start	end	role
Mr Michael O'Hare	Northern Ireland	62 years	Jul 1996	-	Director
Ms Marina Heaney		57 years	Apr 2000	-	Director

P&L

April 2023

turnover

22.2m

+12%

operating profit

107.6k

gross margin

27.2%

-2.04%

turnover

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

Balance Sheet

April 2023

net assets

2.9m

+0.03%

total assets

6.9m

+0.02%

cash

net assets

Total assets minus all liabilities

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company number

NI031113

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

July 1996

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

53 upper dromore road, warrenpoint, co.down, BT34 3PN

last accounts submitted

April 2023

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 17 charges/mortgages relating to garlaw developments limited. Currently there are 1 open charges and 16 have been satisfied in the past.

garlaw developments limited Company Information

garlaw developments limited Estimated Valuation

garlaw developments limited Estimated Valuation

garlaw developments limited Estimated Valuation

Garlaw Developments Limited Overview

Garlaw Developments Limited Health Check

GARLAW DEVELOPMENTS LIMITED financials

garlaw developments limited Credit Report and Business Information

Garlaw Developments Limited Competitor Analysis

garlaw developments limited Ownership

garlaw developments limited directors

garlaw developments limited company details

garlaw developments limited Charges & Mortgages

garlaw developments limited Companies House Filings - See Documents