sarcon (no.39) limited
sarcon (no.39) limited Company Information
Company Number
NI031639
Website
http://bellek.comRegistered Address
belleek pottery limited, main street, enniskillen, BT93 3FY
Industry
Other manufacturing n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
fossgate ltd 100%
sarcon (no.39) limited Estimated Valuation
Pomanda estimates the enterprise value of SARCON (NO.39) LIMITED at £8.3m based on a Turnover of £8.7m and 0.95x industry multiple (adjusted for size and gross margin).
sarcon (no.39) limited Estimated Valuation
Pomanda estimates the enterprise value of SARCON (NO.39) LIMITED at £1.8m based on an EBITDA of £268.6k and a 6.84x industry multiple (adjusted for size and gross margin).
sarcon (no.39) limited Estimated Valuation
Pomanda estimates the enterprise value of SARCON (NO.39) LIMITED at £17m based on Net Assets of £9.3m and 1.84x industry multiple (adjusted for liquidity).
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Sarcon (no.39) Limited Overview
Sarcon (no.39) Limited is a live company located in enniskillen, BT93 3FY with a Companies House number of NI031639. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 1996, it's largest shareholder is fossgate ltd with a 100% stake. Sarcon (no.39) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.7m with declining growth in recent years.
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Sarcon (no.39) Limited Health Check
Pomanda's financial health check has awarded Sarcon (No.39) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £8.7m, make it smaller than the average company (£13m)
£8.7m - Sarcon (no.39) Limited
£13m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4%)
-1% - Sarcon (no.39) Limited
4% - Industry AVG
Production
with a gross margin of 50.6%, this company has a lower cost of product (29.5%)
50.6% - Sarcon (no.39) Limited
29.5% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (6.3%)
2.7% - Sarcon (no.39) Limited
6.3% - Industry AVG
Employees
with 156 employees, this is above the industry average (72)
156 - Sarcon (no.39) Limited
72 - Industry AVG
Pay Structure
on an average salary of £21.6k, the company has a lower pay structure (£39.9k)
£21.6k - Sarcon (no.39) Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £55.7k, this is less efficient (£170.6k)
£55.7k - Sarcon (no.39) Limited
£170.6k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (58 days)
34 days - Sarcon (no.39) Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (45 days)
27 days - Sarcon (no.39) Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 576 days, this is more than average (69 days)
576 days - Sarcon (no.39) Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (13 weeks)
45 weeks - Sarcon (no.39) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38%, this is a lower level of debt than the average (49.9%)
38% - Sarcon (no.39) Limited
49.9% - Industry AVG
SARCON (NO.39) LIMITED financials
Sarcon (No.39) Limited's latest turnover from March 2023 is £8.7 million and the company has net assets of £9.3 million. According to their latest financial statements, Sarcon (No.39) Limited has 156 employees and maintains cash reserves of £1.9 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 | 8,684,601 | 9,922,598 | 9,442,942 | 8,905,466 | 9,619,736 | 8,991,858 | 8,837,756 | 0 | 0 | 0 | 0 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 4,286,790 | 5,332,398 | 5,838,705 | 5,384,870 | 5,535,304 | 5,249,796 | 5,852,908 | 0 | 0 | 0 | 0 | |||
| Gross Profit | 4,397,811 | 4,590,200 | 3,604,237 | 3,520,596 | 4,084,432 | 3,742,062 | 2,984,848 | 0 | 0 | 0 | 0 | |||
| Admin Expenses | 4,161,111 | 4,169,402 | 3,237,454 | 2,568,953 | 4,114,878 | 3,702,321 | 3,571,425 | 0 | 0 | 0 | 0 | |||
| Operating Profit | 236,700 | 420,798 | 366,783 | 951,643 | -30,446 | 39,741 | -586,577 | 0 | 0 | 0 | 0 | |||
| Interest Payable | 105,562 | 94,918 | 102,164 | 16,065 | 0 | 15,353 | 15,454 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 1,233 | 2,933 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 131,138 | 325,880 | 264,619 | 935,578 | -30,446 | 25,621 | -599,098 | 0 | 0 | 0 | 2,481,116 | |||
| Tax | -32,307 | -15,438 | -22,249 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Profit After Tax | 98,831 | 310,442 | 242,370 | 935,578 | -30,446 | 25,621 | -599,098 | 0 | 0 | 0 | 2,481,116 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 98,831 | 310,442 | 242,370 | 935,578 | -30,446 | 25,621 | -599,098 | 0 | 0 | 0 | 2,481,116 | |||
| Employee Costs | 3,376,363 | 3,424,289 | 3,388,402 | 3,387,655 | 3,527,146 | 3,381,325 | 3,440,077 | 0 | 0 | 0 | 0 | |||
| Number Of Employees | 156 | 157 | 130 | 170 | 147 | 143 | 143 | |||||||
| EBITDA* | 268,594 | 517,729 | 465,435 | 220,583 | 6,489 | 67,368 | -532,245 | 0 | 0 | 0 | 0 |
* 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 | 4,620,864 | 3,973,870 | 4,059,810 | 4,124,627 | 958,751 | 995,686 | 1,769,153 | 0 | 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 | 386,710 | 386,710 | 386,710 | 0 | 0 | 0 | 0 | 0 | 4,305,000 | 4,305,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,620,864 | 3,973,870 | 4,059,810 | 4,124,627 | 1,345,461 | 1,382,396 | 2,155,863 | 0 | 0 | 0 | 0 | 0 | 4,305,000 | 4,305,000 |
| Stock & work in progress | 6,765,245 | 6,012,447 | 4,814,014 | 5,046,571 | 3,431,249 | 3,364,791 | 3,112,251 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 832,725 | 917,388 | 733,627 | 817,055 | 732,681 | 1,034,355 | 597,043 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Group Debtors | 424,305 | 424,305 | 424,305 | 424,305 | 424,305 | 1,377,009 | 1,034,344 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 394,080 | 402,703 | 411,526 | 350,501 | 1,369,871 | 165,475 | 208,450 | 2 | 0 | 2 | 2 | 0 | 0 | 0 |
| Cash | 1,908,915 | 1,714,864 | 2,324,927 | 1,550,000 | 1,018,748 | 1,057,147 | 1,567,350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,325,270 | 9,471,707 | 8,708,399 | 8,188,432 | 6,976,854 | 6,998,777 | 6,519,438 | 2 | 0 | 2 | 2 | 0 | 2 | 2 |
| total assets | 14,946,134 | 13,445,577 | 12,768,209 | 12,313,059 | 8,322,315 | 8,381,173 | 8,675,301 | 2 | 0 | 2 | 2 | 0 | 4,305,002 | 4,305,002 |
| Bank overdraft | 5,693 | 0 | 0 | 0 | 1,684 | 1,684 | 138,133 | 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 | 323,392 | 429,794 | 464,687 | 289,651 | 260,685 | 411,118 | 393,836 | 0 | 0 | 0 | 0 | 0 | 2,481,116 | 2,481,116 |
| Group/Directors Accounts | 1,312,500 | 818,500 | 500,000 | 500,000 | 0 | 806,056 | 806,056 | 0 | 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 | 537,485 | 304,367 | 422,257 | 328,827 | 1,089,030 | 134,470 | 270,786 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,179,070 | 1,552,661 | 1,386,944 | 1,118,478 | 1,351,399 | 1,353,328 | 1,608,811 | 0 | 0 | 0 | 0 | 0 | 2,481,116 | 2,481,116 |
| loans | 3,154,435 | 3,027,293 | 3,054,048 | 3,176,103 | 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 |
| Accruals and Deferred Income | 160,183 | 159,351 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 186,857 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,501,475 | 3,389,644 | 4,782,048 | 5,951,103 | 2,028,000 | 1,890,000 | 2,059,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,680,545 | 4,942,305 | 6,168,992 | 7,069,581 | 3,379,399 | 3,243,328 | 3,667,811 | 0 | 0 | 0 | 0 | 0 | 2,481,116 | 2,481,116 |
| net assets | 9,265,589 | 8,503,272 | 6,599,217 | 5,243,478 | 4,942,916 | 5,137,845 | 5,007,490 | 2 | 0 | 2 | 2 | 0 | 1,823,886 | 1,823,886 |
| total shareholders funds | 9,265,589 | 8,503,272 | 6,599,217 | 5,243,478 | 4,942,916 | 5,137,845 | 5,007,490 | 2 | 0 | 2 | 2 | 0 | 1,823,886 | 1,823,886 |
| 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 | 236,700 | 420,798 | 366,783 | 951,643 | -30,446 | 39,741 | -586,577 | 0 | 0 | 0 | 0 | |||
| Depreciation | 31,894 | 96,931 | 98,652 | 46,905 | 36,935 | 27,627 | 54,332 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | -777,965 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -32,307 | -15,438 | -22,249 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Stock | 752,798 | 1,198,433 | -232,557 | 1,615,322 | 66,458 | 252,540 | 3,112,251 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -93,286 | 174,938 | -22,403 | -934,996 | -49,982 | 737,002 | 1,839,835 | 2 | -2 | 0 | 2 | -2 | 0 | 2 |
| Creditors | -106,402 | -34,893 | 175,036 | 28,966 | -150,433 | 17,282 | 393,836 | 0 | 0 | 0 | 0 | -2,481,116 | 0 | 2,481,116 |
| Accruals and Deferred Income | 233,950 | 41,461 | 93,430 | -760,203 | 954,560 | -136,316 | 270,786 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 186,857 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -108,820 | -864,512 | 966,612 | -1,190,980 | 794,140 | -1,041,208 | -4,819,709 | -2 | 2 | 0 | -2 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -84,160 | -25,382 | 0 | 0 | 0 | ||||
| Change in Investments | 0 | 0 | 0 | -386,710 | 0 | 0 | 386,710 | 0 | 0 | 0 | 0 | -4,305,000 | 0 | 4,305,000 |
| cash flow from investments | 0 | 0 | 0 | 386,710 | 0 | -84,160 | -412,092 | 0 | 0 | 0 | ||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 494,000 | 318,500 | 0 | 500,000 | -806,056 | 0 | 806,056 | 0 | 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 | 127,142 | -26,755 | -122,055 | 3,176,103 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -105,562 | -94,918 | -102,164 | -16,065 | 0 | -14,120 | -12,521 | 0 | 0 | 0 | 0 | |||
| cash flow from financing | 1,179,066 | 1,790,440 | 889,150 | 3,025,022 | -970,539 | 90,614 | 6,400,121 | 2 | -2 | 0 | -2,481,114 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 194,051 | -610,063 | 774,927 | 531,252 | -38,399 | -510,203 | 1,567,350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 5,693 | 0 | 0 | -1,684 | 0 | -136,449 | 138,133 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 188,358 | -610,063 | 774,927 | 532,936 | -38,399 | -373,754 | 1,429,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
sarcon (no.39) limited Credit Report and Business Information
Sarcon (no.39) Limited Competitor Analysis
Perform a competitor analysis for sarcon (no.39) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in BT93 area or any other competitors across 12 key performance metrics.
sarcon (no.39) limited Ownership
SARCON (NO.39) LIMITED group structure
Sarcon (No.39) Limited has 3 subsidiary companies.
Ultimate parent company
FOSSGATE LTD
#0019655
1 parent
SARCON (NO.39) LIMITED
NI031639
3 subsidiaries
sarcon (no.39) limited directors
Sarcon (No.39) Limited currently has 2 directors. The longest serving directors include Mr Martin Sharkey (Nov 1996) and Mr Hugh Quinn (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Sharkey | Northern Ireland | 62 years | Nov 1996 | - | Director |
| Mr Hugh Quinn | Northern Ireland | 73 years | Jul 2019 | - | Director |
P&L
March 2023turnover
8.7m
-12%
operating profit
236.7k
-44%
gross margin
50.7%
+9.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
9.3m
+0.09%
total assets
14.9m
+0.11%
cash
1.9m
+0.11%
net assets
Total assets minus all liabilities
sarcon (no.39) limited company details
company number
NI031639
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
November 1996
age
28
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
FPM ACCOUNTANTS LIMITED
address
belleek pottery limited, main street, enniskillen, BT93 3FY
Bank
BANK OF IRELAND
Legal Advisor
CARSON MCDOWELL
sarcon (no.39) 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 1 charges/mortgages relating to sarcon (no.39) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
sarcon (no.39) limited Companies House Filings - See Documents
| date | description | view/download |
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