Ag-con Products Limited

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ag-con products limited Company Information

Live

MatureSmallDeclining

Company Number

NI041689

Next Accounts

Dec 2024

Industry

Manufacture of other fabricated metal products n.e.c.

Directors

Oliver Gibney

Helen Gibney

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Shareholders

gibney group (moylagh) ltd

Group Structure

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Contact

Registered Address

45 newtown road newtown road, rostrevor, newry, BT34 3BZ

Website

www.agconproducts.com

ag-con products limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of AG-CON PRODUCTS LIMITED at £3.7m based on Net Assets of £2m and 1.86x industry multiple (adjusted for liquidity).

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Ag-con Products Limited is a live company located in newry, BT34 3BZ with a Companies House number of NI041689. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 2001, it's largest shareholder is gibney group (moylagh) ltd with a 100% stake. Ag-con Products Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Pomanda's financial health check has awarded Ag-Con Products Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £3m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.1%)

EXPORT

Ag-Con Products Limited's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £2 million. According to their latest financial statements, we estimate that Ag-Con Products Limited has 13 employees and maintains cash reserves of £551 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,009,026	3,556,275	4,114,709	3,246,041	3,577,954	2,938,291	2,378,464	2,007,824	2,242,259	2,358,055	1,869,124	2,430,403	2,503,038	1,946,050
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,376,846	2,845,003	3,336,839	2,569,424	2,820,551	2,285,506	1,856,257	1,572,751	1,755,390	1,872,127	1,468,041	1,910,408	1,952,802	1,576,388
Gross Profit	632,180	711,272	777,870	676,617	757,403	652,785	522,207	435,073	486,868	485,928	401,084	519,995	550,237	369,662
Admin Expenses	783,062	500,275	514,007	517,618	403,849	598,411	382,829	263,518	354,641	417,383	319,034	423,766	484,517	-541,653
Operating Profit	-150,882	210,997	263,863	158,999	353,554	54,374	139,378	171,555	132,227	68,545	82,050	96,229	65,720	911,315
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	23,711	3,755	343	223	894	583	359	381	359	450	440	540	1,263	932
Pre-Tax Profit	-127,171	214,752	264,206	159,222	354,448	54,957	139,736	171,936	132,586	68,995	82,489	96,769	66,983	912,247
Tax	0	-40,803	-50,199	-30,252	-67,345	-10,442	-27,947	-34,387	-27,843	-15,869	-19,797	-25,160	-18,755	-255,429
Profit After Tax	-127,171	173,949	214,007	128,970	287,103	44,515	111,789	137,549	104,743	53,126	62,692	71,609	48,228	656,818
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-127,171	173,949	214,007	128,970	287,103	44,515	111,789	137,549	104,743	53,126	62,692	71,609	48,228	656,818
Employee Costs	492,849	649,813	773,269	604,603	649,580	539,019	462,824	358,766	382,064	408,529	306,497	395,343	443,500	349,566
Number Of Employees	13	18	22	17	19	16	14	11	12	13	10	13	15	12
EBITDA*	-53,517	325,138	389,457	273,409	433,259	116,540	188,930	211,462	163,656	104,044	123,763	146,778	110,412	961,093

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	1,117,569	1,092,425	1,083,634	983,899	988,911	708,128	631,965	583,382	534,031	560,000	595,499	599,682	650,231	218,912
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	1,117,569	1,092,425	1,083,634	983,899	988,911	708,128	631,965	583,382	534,031	560,000	595,499	599,682	650,231	218,912
Stock & work in progress	596,126	516,143	572,705	584,356	681,325	490,256	343,098	307,501	398,978	376,121	390,566	328,101	449,557	359,709
Trade Debtors	809,116	1,130,412	1,253,991	967,379	1,038,038	933,041	777,087	635,414	645,865	649,395	442,143	690,633	584,514	438,658
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	551,005	564,791	436,545	250,361	195,769	42,694	190,430	96,513	55,794	87,850	92,221	83,726	132,397	372,781
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,956,247	2,211,346	2,263,241	1,802,096	1,915,132	1,465,991	1,310,615	1,039,428	1,100,637	1,113,366	924,930	1,102,460	1,166,468	1,171,148
total assets	3,073,816	3,303,771	3,346,875	2,785,995	2,904,043	2,174,119	1,942,580	1,622,810	1,634,668	1,673,366	1,520,429	1,702,142	1,816,699	1,390,060
Bank overdraft	0	0	0	0	0	0	0	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	1,002,499	1,085,979	1,230,886	829,182	1,002,960	848,507	675,307	470,842	625,328	766,588	662,920	907,487	1,052,362	648,028
Group/Directors Accounts	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,002,499	1,085,979	1,230,886	829,182	1,002,960	848,507	675,307	470,842	625,328	766,588	662,920	907,487	1,052,362	648,028
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	51,533	113,373	175,213	237,053	0	0	0	0	0	0	0	30,546	85,213
provisions	103,389	71,160	81,466	74,457	85,857	34,542	20,718	17,202	12,123	14,304	18,161	17,999	28,744	0
total long term liabilities	103,389	122,693	194,839	249,670	322,910	34,542	20,718	17,202	12,123	14,304	18,161	17,999	59,290	85,213
total liabilities	1,105,888	1,208,672	1,425,725	1,078,852	1,325,870	883,049	696,025	488,044	637,451	780,892	681,081	925,486	1,111,652	733,241
net assets	1,967,928	2,095,099	1,921,150	1,707,143	1,578,173	1,291,070	1,246,555	1,134,766	997,217	892,474	839,348	776,656	705,047	656,819
total shareholders funds	1,967,928	2,095,099	1,921,150	1,707,143	1,578,173	1,291,070	1,246,555	1,134,766	997,217	892,474	839,348	776,656	705,047	656,819

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-150,882	210,997	263,863	158,999	353,554	54,374	139,378	171,555	132,227	68,545	82,050	96,229	65,720	911,315
Depreciation	97,365	114,141	125,594	114,410	79,705	62,166	49,552	39,907	31,429	35,499	41,713	50,549	44,692	49,778
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-40,803	-50,199	-30,252	-67,345	-10,442	-27,947	-34,387	-27,843	-15,869	-19,797	-25,160	-18,755	-255,429
Stock	79,983	-56,562	-11,651	-96,969	191,069	147,158	35,597	-91,477	22,857	-14,445	62,465	-121,456	89,848	359,709
Debtors	-321,296	-123,579	286,612	-70,659	104,997	155,954	141,673	-10,451	-3,530	207,252	-248,490	106,119	145,856	438,658
Creditors	-83,480	-144,907	401,704	-173,778	154,453	173,200	204,465	-154,486	-141,260	103,668	-244,567	-144,875	404,334	648,028
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	32,229	-10,306	7,009	-11,400	51,315	13,824	3,516	5,079	-2,181	-3,857	162	-10,745	28,744	0
Cash flow from operations	136,545	309,263	473,010	225,607	275,616	-9,990	191,694	129,596	-26,955	-4,821	45,586	-18,665	289,031	555,325
Investing Activities
capital expenditure	-122,509	-122,932	-225,329	-109,398	-360,488	-138,329	-98,135	-89,258	-5,460	0	-37,530	0	-476,011	-268,690
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-122,509	-122,932	-225,329	-109,398	-360,488	-138,329	-98,135	-89,258	-5,460	0	-37,530	0	-476,011	-268,690
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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	0	0	0	0	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	-51,533	-61,840	-61,840	-61,840	237,053	0	0	0	0	0	0	-30,546	-54,667	85,213
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	23,711	3,755	343	223	894	583	359	381	359	450	440	540	1,263	932
cash flow from financing	-27,822	-58,085	-61,497	-61,617	237,947	583	359	381	359	450	440	-30,006	-53,404	86,146
cash and cash equivalents
cash	-13,786	128,246	186,184	54,592	153,075	-147,736	93,917	40,719	-32,056	-4,371	8,495	-48,671	-240,384	372,781
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-13,786	128,246	186,184	54,592	153,075	-147,736	93,917	40,719	-32,056	-4,371	8,495	-48,671	-240,384	372,781

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AG-CON PRODUCTS LIMITED group structure

Ag-Con Products Limited has no subsidiary companies.

Ultimate parent company

GIBNEY GROUP (MOYLAGH) LIMITED

IE301656

1 parent

AG-CON PRODUCTS LIMITED

NI041689

AG-CON PRODUCTS LIMITED Shareholders

gibney group (moylagh) ltd

100%

Ag-Con Products Limited currently has 4 directors. The longest serving directors include Mr Oliver Gibney (Oct 2001) and Mrs Helen Gibney (Oct 2001).

officer	country	age	start	end	role
Mr Oliver Gibney		73 years	Oct 2001	-	Director
Mrs Helen Gibney		66 years	Oct 2001	-	Director
Mrs Elma Tighe	Northern Ireland	43 years	Mar 2015	-	Director
Mrs Orla Gibney-Fox	Ireland	44 years	Mar 2015	-	Director

P&L

March 2023

turnover

-15%

operating profit

-150.9k

gross margin

21.1%

+5.04%

turnover

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

Balance Sheet

March 2023

net assets

-0.06%

total assets

3.1m

-0.07%

cash

551k

-0.02%

net assets

Total assets minus all liabilities

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company number

NI041689

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

October 2001

ultimate parent company

GIBNEY GROUP (MOYLAGH) LIMITED

previous names

gibney northern ireland limited (March 2002)

address

45 newtown road newtown road, rostrevor, newry, BT34 3BZ

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 2 charges/mortgages relating to ag-con products limited. Currently there are 1 open charges and 1 have been satisfied in the past.

ag-con products limited Company Information

ag-con products limited Estimated Valuation

ag-con products limited Estimated Valuation

ag-con products limited Estimated Valuation

Ag-con Products Limited Overview

Ag-con Products Limited Health Check

AG-CON PRODUCTS LIMITED financials

ag-con products limited Credit Report and Business Information

Ag-con Products Limited Competitor Analysis

ag-con products limited Ownership

ag-con products limited directors

ag-con products limited company details

ag-con products limited Charges & Mortgages

ag-con products limited Companies House Filings - See Documents