independent fertilisers limited
independent fertilisers limited Company Information
Company Number
NI042334
Next Accounts
Apr 2025
Shareholders
bhh ltd
Group Structure
View All
Industry
Manufacture of fertilisers and nitrogen compounds
Registered Address
35-39 york road, belfast, n ireland, BT15 3GW
Website
-independent fertilisers limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT FERTILISERS LIMITED at £27.1m based on a Turnover of £44.8m and 0.61x industry multiple (adjusted for size and gross margin).
independent fertilisers limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT FERTILISERS LIMITED at £2.1m based on an EBITDA of £574.8k and a 3.63x industry multiple (adjusted for size and gross margin).
independent fertilisers limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT FERTILISERS LIMITED at £2.6m based on Net Assets of £1.5m and 1.7x industry multiple (adjusted for liquidity).
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Independent Fertilisers Limited Overview
Independent Fertilisers Limited is a live company located in n ireland, BT15 3GW with a Companies House number of NI042334. It operates in the manufacture of fertilizers and nitrogen compounds sector, SIC Code 20150. Founded in January 2002, it's largest shareholder is bhh ltd with a 100% stake. Independent Fertilisers Limited is a mature, large sized company, Pomanda has estimated its turnover at £44.8m with high growth in recent years.
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Independent Fertilisers Limited Health Check
Pomanda's financial health check has awarded Independent Fertilisers Limited a 4 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
4 Strong
4 Regular
4 Weak
Size
annual sales of £44.8m, make it in line with the average company (£39.8m)
£44.8m - Independent Fertilisers Limited
£39.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (17.5%)
23% - Independent Fertilisers Limited
17.5% - Industry AVG
Production
with a gross margin of 2.4%, this company has a higher cost of product (16.5%)
2.4% - Independent Fertilisers Limited
16.5% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (4.2%)
1.1% - Independent Fertilisers Limited
4.2% - Industry AVG
Employees
with 16 employees, this is below the industry average (60)
16 - Independent Fertilisers Limited
60 - Industry AVG
Pay Structure
on an average salary of £41.2k, the company has an equivalent pay structure (£49k)
£41.2k - Independent Fertilisers Limited
£49k - Industry AVG
Efficiency
resulting in sales per employee of £2.8m, this is more efficient (£1.8m)
£2.8m - Independent Fertilisers Limited
£1.8m - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (39 days)
46 days - Independent Fertilisers Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 128 days, this is slower than average (36 days)
128 days - Independent Fertilisers Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is less than average (64 days)
34 days - Independent Fertilisers Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is average cash available to meet short term requirements (20 weeks)
23 weeks - Independent Fertilisers Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a higher level of debt than the average (54.8%)
92.4% - Independent Fertilisers Limited
54.8% - Industry AVG
INDEPENDENT FERTILISERS LIMITED financials
Independent Fertilisers Limited's latest turnover from July 2023 is £44.8 million and the company has net assets of £1.5 million. According to their latest financial statements, Independent Fertilisers Limited has 16 employees and maintains cash reserves of £8.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 44,789,234 | 39,847,606 | 29,714,846 | 23,949,735 | 32,249,018 | 30,531,947 | 24,922,207 | 22,149,125 | 23,527,308 | 29,091,497 | 32,075,623 | 26,833,358 | 26,035,719 | ||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 43,724,604 | 37,715,783 | 27,906,545 | 22,261,239 | 30,571,807 | 28,989,830 | 23,455,844 | 20,809,279 | 22,293,966 | 27,611,947 | 30,862,664 | 25,656,096 | 24,889,591 | ||
| Gross Profit | 1,064,630 | 2,131,823 | 1,808,301 | 1,688,496 | 1,677,211 | 1,542,117 | 1,466,363 | 1,339,846 | 1,233,342 | 1,479,550 | 1,212,959 | 1,177,262 | 1,146,128 | 1,178,956 | 903,834 |
| Admin Expenses | 562,625 | 1,277,510 | 982,691 | 960,498 | 847,801 | 806,106 | 802,165 | 653,878 | 680,321 | 676,657 | 557,644 | 561,733 | 544,202 | 597,536 | 544,727 |
| Operating Profit | 502,005 | 854,313 | 825,610 | 727,998 | 829,410 | 736,011 | 664,198 | 685,968 | 553,021 | 802,893 | 655,315 | 615,529 | 601,926 | 581,420 | 359,107 |
| Interest Payable | 56,442 | 63,632 | 30,434 | 124,776 | 74,317 | 15,967 | 52,547 | 46,606 | 57,835 | 53,951 | 81,586 | 152,508 | 7,409 | 265,562 | |
| Interest Receivable | 10,439 | 34,981 | |||||||||||||
| Pre-Tax Profit | 445,563 | 790,681 | 795,176 | 603,222 | 755,093 | 720,044 | 674,637 | 633,421 | 506,415 | 745,058 | 601,364 | 533,943 | 449,418 | 608,992 | 93,545 |
| Tax | -94,897 | -151,811 | -188,962 | -127,654 | -148,683 | -138,212 | -126,662 | -114,009 | -103,757 | -168,486 | -144,576 | -134,161 | -124,078 | -169,598 | -20,324 |
| Profit After Tax | 350,666 | 638,870 | 606,214 | 475,568 | 606,410 | 581,832 | 547,975 | 519,412 | 402,658 | 576,572 | 456,788 | 399,782 | 325,340 | 439,394 | 73,221 |
| Dividends Paid | 600,000 | 475,000 | 600,000 | 575,000 | 550,000 | 525,000 | 425,000 | 550,000 | 450,000 | 400,000 | 325,000 | 400,000 | 300,000 | ||
| Retained Profit | 350,666 | 38,870 | 131,214 | -124,432 | 31,410 | 31,832 | 22,975 | 94,412 | -147,342 | 126,572 | 56,788 | 74,782 | -74,660 | 139,394 | 73,221 |
| Employee Costs | 658,495 | 766,258 | 852,074 | 937,878 | 886,369 | 830,066 | 702,870 | 709,103 | 640,616 | 620,062 | 620,441 | 568,973 | 524,065 | 547,237 | 560,411 |
| Number Of Employees | 16 | 16 | 19 | 20 | 20 | 19 | 18 | 20 | 19 | 19 | 18 | 16 | 15 | 16 | 19 |
| EBITDA* | 574,763 | 925,255 | 894,955 | 781,246 | 870,923 | 772,860 | 698,207 | 718,036 | 581,817 | 891,886 | 756,106 | 706,382 | 688,575 | 666,437 | 440,179 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 487,079 | 504,424 | 421,798 | 396,772 | 271,741 | 223,954 | 213,101 | 232,460 | 214,490 | 233,087 | 271,313 | 261,081 | 273,826 | 347,922 | 411,576 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 8,043 | ||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 487,079 | 504,424 | 421,798 | 396,772 | 271,741 | 223,954 | 213,101 | 232,460 | 214,490 | 241,130 | 271,313 | 261,081 | 273,826 | 347,922 | 411,576 |
| Stock & work in progress | 4,154,203 | 8,193,678 | 2,901,335 | 3,116,946 | 4,073,986 | 1,879,788 | 1,285,821 | 1,211,621 | 2,133,464 | 1,500,293 | 1,737,518 | 1,353,738 | 2,829,516 | 520,444 | 1,488,313 |
| Trade Debtors | 5,683,658 | 6,072,133 | 4,852,787 | 3,752,780 | 6,250,692 | 6,267,302 | 4,860,395 | 4,268,954 | 4,524,271 | 4,862,139 | 10,949,115 | 5,033,874 | 3,763,317 | 4,058,864 | 3,377,095 |
| Group Debtors | 1,153,711 | 1,020,391 | 1,232,736 | 114,000 | 557,582 | 671,446 | 251,662 | 240,720 | 947,696 | 1,393,043 | 2,341,865 | 1,604,529 | 2,885,334 | 4,192,967 | |
| Misc Debtors | 172,101 | 89,636 | 54,952 | 65,773 | 36,642 | 48,804 | 33,603 | 71,077 | 225,198 | 64,674 | 50,055 | 26,681 | 90,939 | 315,336 | |
| Cash | 8,319,093 | 588,818 | 3,063,904 | 1,152,649 | 114,963 | 1,895,615 | 3,146,383 | 276,493 | 239,169 | ||||||
| misc current assets | |||||||||||||||
| total current assets | 19,482,766 | 15,375,838 | 9,041,810 | 7,638,317 | 10,918,902 | 8,867,340 | 9,495,385 | 6,945,021 | 7,830,629 | 7,935,112 | 14,582,248 | 11,925,915 | 8,500,536 | 7,794,750 | 9,373,711 |
| total assets | 19,969,845 | 15,880,262 | 9,463,608 | 8,035,089 | 11,190,643 | 9,091,294 | 9,708,486 | 7,177,481 | 8,045,119 | 8,176,242 | 14,853,561 | 12,186,996 | 8,774,362 | 8,142,672 | 9,785,287 |
| Bank overdraft | 658,731 | 2,058,335 | 1,570,522 | 377,155 | 1,389,940 | 1,781,277 | 2,849,066 | ||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 15,408,329 | 10,348,785 | 4,112,007 | 4,793,306 | 6,884,380 | 6,190,802 | 6,538,595 | 4,108,513 | 4,566,842 | 5,256,069 | 13,768,034 | 9,187,332 | 1,640,553 | 2,901,130 | 1,432,650 |
| Group/Directors Accounts | 1,153,214 | 1,539,786 | 92,118 | 12,619 | 585,124 | 825,705 | 190,121 | 419,832 | 583,419 | 172,326 | 319,412 | 979,663 | |||
| other short term finances | 20,992 | 36,735 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,678,452 | 1,967,290 | 1,890,249 | 2,069,729 | 1,505,680 | 1,326,463 | 1,421,812 | 1,099,072 | 842,290 | 1,288,242 | 1,381,172 | 4,210,019 | 3,868,687 | 2,832,652 | |
| total current liabilities | 18,239,995 | 14,514,592 | 8,173,701 | 6,912,389 | 9,960,582 | 7,894,420 | 8,545,531 | 6,033,290 | 6,989,193 | 6,964,143 | 13,768,034 | 11,151,923 | 7,804,175 | 7,089,229 | 8,094,031 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 770,400 | ||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 207,358 | 193,844 | 156,951 | 120,958 | 103,887 | 102,110 | 100,023 | 104,234 | 110,381 | 6,334 | 16,230 | 24,826 | 31,633 | ||
| total long term liabilities | 207,358 | 193,844 | 156,951 | 120,958 | 103,887 | 102,110 | 100,023 | 104,234 | 110,381 | 6,334 | 16,230 | 24,826 | 802,033 | ||
| total liabilities | 18,447,353 | 14,708,436 | 8,330,652 | 7,033,347 | 10,064,469 | 7,996,530 | 8,645,554 | 6,137,524 | 7,099,574 | 6,964,143 | 13,768,034 | 11,158,257 | 7,820,405 | 7,114,055 | 8,896,064 |
| net assets | 1,522,492 | 1,171,826 | 1,132,956 | 1,001,742 | 1,126,174 | 1,094,764 | 1,062,932 | 1,039,957 | 945,545 | 1,212,099 | 1,085,527 | 1,028,739 | 953,957 | 1,028,617 | 889,223 |
| total shareholders funds | 1,522,492 | 1,171,826 | 1,132,956 | 1,001,742 | 1,126,174 | 1,094,764 | 1,062,932 | 1,039,957 | 945,545 | 1,212,099 | 1,085,527 | 1,028,739 | 953,957 | 1,028,617 | 889,223 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 502,005 | 854,313 | 825,610 | 727,998 | 829,410 | 736,011 | 664,198 | 685,968 | 553,021 | 802,893 | 655,315 | 615,529 | 601,926 | 581,420 | 359,107 |
| Depreciation | 72,758 | 70,942 | 69,345 | 53,248 | 41,513 | 36,849 | 34,009 | 32,068 | 28,796 | 88,993 | 100,791 | 90,853 | 86,649 | 85,017 | 81,072 |
| Amortisation | |||||||||||||||
| Tax | -94,897 | -151,811 | -188,962 | -127,654 | -148,683 | -138,212 | -126,662 | -114,009 | -103,757 | -168,486 | -144,576 | -134,161 | -124,078 | -169,598 | -20,324 |
| Stock | -4,039,475 | 5,292,343 | -215,611 | -957,040 | 2,194,198 | 593,967 | 74,200 | -921,843 | 633,171 | -237,225 | 383,780 | -1,475,778 | 2,309,072 | -967,869 | 1,488,313 |
| Debtors | -172,690 | 1,041,685 | 2,207,922 | -2,912,363 | -142,636 | 1,841,892 | 564,909 | -1,116,414 | -622,691 | -4,629,259 | 3,523,321 | 2,031,267 | -1,640,610 | -850,261 | 7,885,398 |
| Creditors | 5,059,544 | 6,236,778 | -681,299 | -2,091,074 | 693,578 | -347,793 | 2,430,082 | -458,329 | -689,227 | -8,511,965 | 4,580,702 | 7,546,779 | -1,260,577 | 1,468,480 | 1,432,650 |
| Accruals and Deferred Income | -288,838 | 77,041 | -179,480 | 564,049 | 179,217 | -95,349 | 322,740 | 256,782 | -445,952 | 1,288,242 | -1,381,172 | -2,828,847 | 341,332 | 265,635 | 3,603,052 |
| Deferred Taxes & Provisions | 13,514 | 36,893 | 35,993 | 17,071 | 1,777 | 2,087 | -4,211 | -6,147 | 110,381 | -6,334 | -9,896 | -8,596 | -6,807 | 31,633 | |
| Cash flow from operations | 9,476,251 | 790,128 | -2,111,104 | 3,013,041 | -454,750 | -2,242,266 | 2,681,047 | 2,434,590 | -557,218 | -1,633,839 | -102,375 | 4,724,768 | -1,031,806 | 4,042,277 | -3,886,521 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -8,043 | 8,043 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -386,572 | 1,447,668 | 79,499 | 12,619 | -585,124 | -240,581 | 635,584 | -229,711 | 419,832 | -583,419 | 411,093 | -147,086 | -660,251 | 979,663 | |
| Other Short Term Loans | -20,992 | -15,743 | 36,735 | ||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -56,442 | -63,632 | -30,434 | -124,776 | -74,317 | -15,967 | 10,439 | -52,547 | -46,606 | -57,835 | -53,951 | -81,586 | -152,508 | 27,572 | -265,562 |
| cash flow from financing | -443,014 | 1,363,044 | 33,322 | -75,422 | -74,317 | -601,091 | -230,142 | 583,037 | -395,529 | 361,997 | -637,370 | 329,507 | -299,594 | -632,679 | 1,530,103 |
| cash and cash equivalents | |||||||||||||||
| cash | 8,319,093 | -588,818 | 588,818 | -3,063,904 | 1,911,255 | 1,152,649 | -114,963 | -1,780,652 | -1,250,768 | 2,869,890 | 37,324 | 239,169 | |||
| overdraft | -658,731 | -1,399,604 | 2,058,335 | -1,570,522 | 1,193,367 | 377,155 | -1,389,940 | 1,389,940 | -1,781,277 | 1,781,277 | -2,849,066 | 2,849,066 | |||
| change in cash | 8,977,824 | 1,399,604 | -2,647,153 | 2,159,340 | -1,193,367 | -3,441,059 | 1,911,255 | 2,542,589 | -1,504,903 | -1,780,652 | -1,250,768 | 4,651,167 | -1,743,953 | 3,088,235 | -2,849,066 |
independent fertilisers limited Credit Report and Business Information
Independent Fertilisers Limited Competitor Analysis
Perform a competitor analysis for independent fertilisers limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BT15 area or any other competitors across 12 key performance metrics.
independent fertilisers limited Ownership
INDEPENDENT FERTILISERS LIMITED group structure
Independent Fertilisers Limited has no subsidiary companies.
Ultimate parent company
2 parents
INDEPENDENT FERTILISERS LIMITED
NI042334
independent fertilisers limited directors
Independent Fertilisers Limited currently has 4 directors. The longest serving directors include Mr William Barnett (Nov 2004) and Mr Brendan Kent (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Barnett | 48 years | Nov 2004 | - | Director | |
| Mr Brendan Kent | 56 years | Sep 2022 | - | Director | |
| Mr Sean Coyle | 52 years | Sep 2023 | - | Director | |
| Mrs Claudine Heron | 49 years | Oct 2024 | - | Director |
P&L
July 2023turnover
44.8m
+12%
operating profit
502k
-41%
gross margin
2.4%
-55.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.5m
+0.3%
total assets
20m
+0.26%
cash
8.3m
0%
net assets
Total assets minus all liabilities
independent fertilisers limited company details
company number
NI042334
Type
Private limited with Share Capital
industry
20150 - Manufacture of fertilisers and nitrogen compounds
incorporation date
January 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
richfields fertilizers limited (November 2003)
l&b (no 14) limited (February 2003)
accountant
-
auditor
ERNST & YOUNG LLP
address
35-39 york road, belfast, n ireland, BT15 3GW
Bank
BANK OF IRELAND
Legal Advisor
TUGHANS
independent fertilisers 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 independent fertilisers limited. Currently there are 1 open charges and 0 have been satisfied in the past.
independent fertilisers 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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independent fertilisers limited Companies House Filings - See Documents
| date | description | view/download |
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