iveagh properties limited

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iveagh properties limited Company Information

Share IVEAGH PROPERTIES LIMITED

Company Number

NI035692

Directors

James McElroy

David Mahon

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Shareholders

skerry enterprises ltd

skerry enterprises limited

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Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Registered Address

631 lisburn road, belfast, co.antrim, BT9 7GT

Website

-

iveagh properties limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of IVEAGH PROPERTIES LIMITED at £2.1m based on a Turnover of £639.5k and 3.27x industry multiple (adjusted for size and gross margin).

iveagh properties limited Estimated Valuation

£113.8k

Pomanda estimates the enterprise value of IVEAGH PROPERTIES LIMITED at £113.8k based on an EBITDA of £17.3k and a 6.58x industry multiple (adjusted for size and gross margin).

iveagh properties limited Estimated Valuation

£7m

Pomanda estimates the enterprise value of IVEAGH PROPERTIES LIMITED at £7m based on Net Assets of £4m and 1.76x industry multiple (adjusted for liquidity).

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Iveagh Properties Limited Overview

Iveagh Properties Limited is a live company located in co.antrim, BT9 7GT with a Companies House number of NI035692. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 1999, it's largest shareholder is skerry enterprises ltd with a 7.4% stake. Iveagh Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £639.5k with declining growth in recent years.

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Iveagh Properties Limited Health Check

Pomanda's financial health check has awarded Iveagh Properties Limited a 4.5 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 Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £639.5k, make it smaller than the average company (£955k)

£639.5k - Iveagh Properties Limited

£955k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (4.8%)

-17% - Iveagh Properties Limited

4.8% - Industry AVG

production

Production

with a gross margin of 72.4%, this company has a comparable cost of product (72.4%)

72.4% - Iveagh Properties Limited

72.4% - Industry AVG

profitability

Profitability

an operating margin of 2.7% make it less profitable than the average company (24.9%)

2.7% - Iveagh Properties Limited

24.9% - Industry AVG

employees

Employees

with 4 employees, this is similar to the industry average (4)

4 - Iveagh Properties Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)

£32.6k - Iveagh Properties Limited

£32.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £159.9k, this is equally as efficient (£186.8k)

£159.9k - Iveagh Properties Limited

£186.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 25 days, this is earlier than average (32 days)

25 days - Iveagh Properties Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 52 days, this is slower than average (37 days)

52 days - Iveagh Properties Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 5903 days, this is more than average (51 days)

5903 days - Iveagh Properties Limited

51 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (10 weeks)

49 weeks - Iveagh Properties Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2.7%, this is a lower level of debt than the average (67.9%)

2.7% - Iveagh Properties Limited

67.9% - Industry AVG

IVEAGH PROPERTIES LIMITED financials

EXPORTms excel logo

Iveagh Properties Limited's latest turnover from February 2024 is estimated at £639.5 thousand and the company has net assets of £4 million. According to their latest financial statements, we estimate that Iveagh Properties Limited has 4 employees and maintains cash reserves of £103.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover639,537544,643882,2611,126,433562,308687,908363,7343,700,2185,580,15810,182,7559,209,9207,400,7668,736,7487,931,1648,339,251
Other Income Or Grants000000000000000
Cost Of Sales176,244151,599252,540308,884167,833198,731101,037981,1101,691,9293,544,3833,181,7662,522,8362,933,8752,687,8243,189,934
Gross Profit463,293393,044629,720817,549394,475489,177262,6972,719,1083,888,2296,638,3736,028,1544,877,9305,802,8735,243,3405,149,317
Admin Expenses446,106281,064605,075646,261235,714409,342258,5192,703,3143,764,8386,313,2455,817,7774,822,9505,735,4165,193,3714,167,592
Operating Profit17,187111,98024,645171,288158,76179,8354,17815,794123,391325,128210,37754,98067,45749,969981,725
Interest Payable000028421400000000
Interest Receivable2,9131,33136459322937616168207000550
Pre-Tax Profit20,100113,31125,009171,347159,05480,7304,78015,963123,598325,128210,37754,98067,46249,974981,725
Tax-5,025-21,529-4,752-32,556-30,220-15,339-908-3,192-24,719-68,277-48,387-13,195-17,540-13,993-274,883
Profit After Tax15,07591,78220,257138,791128,83465,3913,87212,77098,878256,851161,99041,78549,92235,981706,842
Dividends Paid000000000000000
Retained Profit15,07591,78220,257138,791128,83465,3913,87212,77098,878256,851161,99041,78549,92235,981706,842
Employee Costs130,392123,488209,051242,475113,178136,91326,38025,887928,6681,615,0641,361,4391,128,0001,362,5491,236,6671,372,099
Number Of Employees4479451135625547575354
EBITDA*17,312112,10524,770171,288158,76179,8354,17815,794123,391325,128210,48055,27767,75550,266982,023

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets2503755000000400,217000103400698995
Intangible Assets000000000000000
Investments & Other585,222592,222592,222524,722470,727420,227420,2270480,217480,217480,118457,615332,610257,512257,512
Debtors (Due After 1 year)000000000000000
Total Fixed Assets585,472592,597592,722524,722470,727420,227420,227400,217480,217480,217480,118457,718333,010258,210258,507
Stock & work in progress2,850,7132,648,3552,648,3552,575,3802,605,3802,245,3802,245,3802,852,4892,715,3942,869,0493,570,2893,548,9244,112,7744,557,5814,567,581
Trade Debtors44,21837,95198,044131,20435,18600489,186579,738974,599847,997676,440776,154647,808618,275
Group Debtors000000000000000
Misc Debtors516,064801,976610,976711,117699,3541,001,556779,85800000000
Cash103,2787,69658,83786,75530,74755,140194,67551,76382,75400001,9580
misc current assets000000000000000
total current assets3,514,2733,495,9783,416,2123,504,4563,370,6673,302,0763,219,9133,393,4383,377,8863,843,6484,418,2864,225,3644,888,9285,207,3475,185,856
total assets4,099,7454,088,5754,008,9344,029,1783,841,3943,722,3033,640,1403,793,6553,858,1034,323,8654,898,4044,683,0825,221,9385,465,5575,444,363
Bank overdraft0000083842100000000
Bank loan000000000000000
Trade Creditors 25,23322,19541,70316,01432,77029,5505,286267,436344,654909,2941,740,6841,687,3522,267,9202,561,4612,576,321
Group/Directors Accounts1,8503,5003,9006,90050015,500000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities82,37887,66379,872143,15783,80880,933104,34200000000
total current liabilities109,461113,358125,475166,071117,078126,821110,049267,436344,654909,2941,740,6841,687,3522,267,9202,561,4612,576,321
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions63719500000000073730
total long term liabilities63719500000000073730
total liabilities109,524113,429125,570166,071117,078126,821110,049267,436344,654909,2941,740,6841,687,3522,267,9932,561,5342,576,321
net assets3,990,2213,975,1463,883,3643,863,1073,724,3163,595,4823,530,0913,526,2193,513,4493,414,5713,157,7202,995,7302,953,9452,904,0232,868,042
total shareholders funds3,990,2213,975,1463,883,3643,863,1073,724,3163,595,4823,530,0913,526,2193,513,4493,414,5713,157,7202,995,7302,953,9452,904,0232,868,042
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit17,187111,98024,645171,288158,76179,8354,17815,794123,391325,128210,37754,98067,45749,969981,725
Depreciation1251251250000000103297298297298
Amortisation000000000000000
Tax-5,025-21,529-4,752-32,556-30,220-15,339-908-3,192-24,719-68,277-48,387-13,195-17,540-13,993-274,883
Stock202,358072,975-30,000360,0000-607,109137,095-153,655-701,24021,365-563,850-444,807-10,0004,567,581
Debtors-279,645130,907-133,301107,781-267,016221,698290,672-90,552-394,861126,602171,557-99,714128,34629,533618,275
Creditors3,038-19,50825,689-16,7563,22024,264-262,150-77,218-564,640-831,39053,332-580,568-293,541-14,8602,576,321
Accruals and Deferred Income-5,2857,791-63,28559,3492,875-23,409104,34200000000
Deferred Taxes & Provisions-8-249500000000-730730
Cash flow from operations87,319-52,07242,843103,54441,652-156,347161,899-111,15982,5489922,503125,00573,1351,953-1,902,395
Investing Activities
capital expenditure00-625000400,217-400,217000000-1,293
Change in Investments-7,000067,50053,99550,5000420,227-480,21709922,503125,00575,0980257,512
cash flow from investments7,0000-68,125-53,995-50,5000-20,01080,0000-99-22,503-125,005-75,0980-258,805
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-1,650-400-3,0006,400-15,00015,500000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000000002,161,200
interest2,9131,33136459294895602168207000550
cash flow from financing1,263931-2,6366,459-14,70616,395602168207000552,161,200
cash and cash equivalents
cash95,582-51,141-27,91856,008-24,393-139,535142,912-30,99182,754000-1,9581,9580
overdraft0000-83841742100000000
change in cash95,582-51,141-27,91856,008-23,555-139,952142,491-30,99182,754000-1,9581,9580

iveagh properties 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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Iveagh Properties Limited Competitor Analysis

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Perform a competitor analysis for iveagh properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in BT9 area or any other competitors across 12 key performance metrics.

iveagh properties limited Ownership

IVEAGH PROPERTIES LIMITED group structure

Iveagh Properties Limited has 2 subsidiary companies.

Ultimate parent company

IVEAGH PROPERTIES LIMITED

NI035692

2 subsidiaries

IVEAGH PROPERTIES LIMITED Shareholders

skerry enterprises ltd 7.45%
skerry enterprises limited 6.12%
n i properties limited 5.76%
william brown & kenneth lunney 2.16%
david mahon properties limited 1.87%
edwin poots 1.8%
colin w. boyd 1.8%
francis pyper beckett 1.51%
robert james kelly 1.44%
william james charles annett 1.44%

iveagh properties limited directors

Iveagh Properties Limited currently has 10 directors. The longest serving directors include Mr James McElroy (Apr 1999) and Mr David Mahon (Apr 1999).

officercountryagestartendrole
Mr James McElroy88 years Apr 1999- Director
Mr David Mahon68 years Apr 1999- Director
Mr Norman Fairley90 years Apr 1999- Director
Mr Melvyn Adair61 years Jun 2002- Director
Mr Harold Henning63 years Jun 2002- Director
Mr Melvyn Adair61 years Jun 2002- Director
Mr Robin Kelly68 years Oct 2005- Director
Mr Jason MahonNorthern Ireland37 years Jan 2025- Director
Mr Ross AdairNorthern Ireland28 years Jan 2025- Director
Mr Mark HenningNorthern Ireland29 years Jan 2025- Director

P&L

February 2024

turnover

639.5k

+17%

operating profit

17.2k

0%

gross margin

72.5%

+0.38%

turnover

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

Balance Sheet

February 2024

net assets

4m

0%

total assets

4.1m

0%

cash

103.3k

+12.42%

net assets

Total assets minus all liabilities

iveagh properties limited company details

company number

NI035692

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

February 1999

age

26

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

February 2024

previous names

greenway investments limited (March 1999)

accountant

-

auditor

-

address

631 lisburn road, belfast, co.antrim, BT9 7GT

Bank

-

Legal Advisor

-

iveagh properties 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 did not find charges/mortgages relating to iveagh properties limited.

iveagh properties 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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iveagh properties limited Companies House Filings - See Documents

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