Garner Developments Limited

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garner developments limited Company Information

Live

MatureSmallDeclining

Company Number

NI043878

Website

Registered Address

northern bank house, main street, kesh, co fermanagh, BT93 1TF

Industry

Buying and selling of own real estate

Telephone

Next Accounts Due

November 2024

Group Structure

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Directors

Adrian McElroy21 Years

David Mahon21 Years

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Shareholders

adrian john mcelroy 33.3%

howard william emerson 33.3%

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garner developments limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of GARNER DEVELOPMENTS LIMITED at £2.3m based on a Turnover of £1.4m and 1.61x industry multiple (adjusted for size and gross margin).

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Garner Developments Limited is a live company located in kesh, BT93 1TF with a Companies House number of NI043878. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in August 2002, it's largest shareholder is adrian john mcelroy with a 33.3% stake. Garner Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Garner Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £1.4m, make it larger than the average company (£872.4k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.1%)

EXPORT

Garner Developments Limited's latest turnover from February 2023 is estimated at £1.4 million and the company has net assets of £393.4 thousand. According to their latest financial statements, we estimate that Garner Developments Limited has 3 employees and maintains cash reserves of £1.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,438,114	1,314,511	1,278,750	1,615,466	1,587,669	1,625,362	1,672,999	1,607,083	1,766,190	1,807,203	1,812,682	1,459,541	1,531,980	1,432,760
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,044,124	977,433	967,289	1,262,721	1,170,780	1,226,300	1,288,363	1,202,571	1,356,555	1,455,270	1,434,299	1,162,032	1,255,500	1,188,400
Gross Profit	393,990	337,077	311,461	352,745	416,889	399,062	384,637	404,512	409,635	351,933	378,383	297,509	276,481	244,360
Admin Expenses	428,324	337,346	311,628	352,974	417,096	399,046	385,088	404,823	410,096	352,558	380,607	357,973	276,507	-440,407
Operating Profit	-34,334	-269	-167	-229	-207	16	-451	-311	-461	-625	-2,224	-60,464	-26	684,767
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	95	12	2	8	7	3	1	1	1	18	19	1	0	0
Pre-Tax Profit	-34,239	-257	-165	-221	-200	19	-450	-310	-460	-607	-2,205	-60,463	-26	684,767
Tax	0	0	0	0	0	-4	0	0	0	0	0	0	0	-191,735
Profit After Tax	-34,239	-257	-165	-221	-200	15	-450	-310	-460	-607	-2,205	-60,463	-26	493,032
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-34,239	-257	-165	-221	-200	15	-450	-310	-460	-607	-2,205	-60,463	-26	493,032
Employee Costs	110,217	72,260	106,472	117,992	117,274	105,889	109,682	116,837	107,250	106,951	100,057	100,668	103,141	100,076
Number Of Employees	3	2	3	3	3	3	3	3	3	3	3	3	3	3
EBITDA*	-34,334	-269	-167	-229	-207	16	-451	-311	-461	-625	-2,224	-60,464	-26	684,767

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	0	0	0	0	0	0	0	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	58,258	58,258	58,258	58,258	58,258	58,258	58,258	58,261	58,258	58,258	58,258	58,258	58,258	58,258
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	58,258	58,258	58,258	58,258	58,258	58,258	58,258	58,261	58,258	58,258	58,258	58,258	58,258	58,258
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	20,000	50,000	50,000
Trade Debtors	415,951	449,463	449,463	449,463	449,466	449,466	449,466	449,463	449,466	449,466	452,466	452,466	503,612	536,750
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	38,838
Cash	1,896	2,878	1,995	1,020	1,098	758	428	278	138	148	7,245	257	10	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	417,847	452,341	451,458	450,483	450,564	450,224	449,894	449,741	449,604	449,614	459,711	472,723	553,622	625,588
total assets	476,105	510,599	509,716	508,741	508,822	508,482	508,152	508,002	507,862	507,872	517,969	530,981	611,880	683,846
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	82,657	82,912	81,772	80,632	80,492	79,952	79,637	79,037	78,587	78,137	87,627	98,434	118,870	190,810
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	82,657	82,912	81,772	80,632	80,492	79,952	79,637	79,037	78,587	78,137	87,627	98,434	118,870	190,810
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	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	82,657	82,912	81,772	80,632	80,492	79,952	79,637	79,037	78,587	78,137	87,627	98,434	118,870	190,810
net assets	393,448	427,687	427,944	428,109	428,330	428,530	428,515	428,965	429,275	429,735	430,342	432,547	493,010	493,036
total shareholders funds	393,448	427,687	427,944	428,109	428,330	428,530	428,515	428,965	429,275	429,735	430,342	432,547	493,010	493,036

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-34,334	-269	-167	-229	-207	16	-451	-311	-461	-625	-2,224	-60,464	-26	684,767
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-4	0	0	0	0	0	0	0	-191,735
Stock	0	0	0	0	0	0	0	0	0	0	-20,000	-30,000	0	50,000
Debtors	-33,512	0	0	-3	0	0	3	-3	0	-3,000	0	-51,146	-71,976	575,588
Creditors	-255	1,140	1,140	140	540	315	600	450	450	-9,490	-10,807	-20,436	-71,940	190,810
Accruals and Deferred Income	0	0	0	0	0	0	0	0	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	-1,077	871	973	-86	333	327	146	142	-11	-7,115	6,969	246	10	58,254
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	-3	3	0	0	0	0	0	58,258
cash flow from investments	0	0	0	0	0	0	3	-3	0	0	0	0	0	-58,258
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	4
interest	95	12	2	8	7	3	1	1	1	18	19	1	0	0
cash flow from financing	95	12	2	8	7	3	1	1	1	18	19	1	0	4
cash and cash equivalents
cash	-982	883	975	-78	340	330	150	140	-10	-7,097	6,988	247	10	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-982	883	975	-78	340	330	150	140	-10	-7,097	6,988	247	10	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GARNER DEVELOPMENTS LIMITED group structure

Garner Developments Limited has no subsidiary companies.

Ultimate parent company

GARNER DEVELOPMENTS LIMITED

NI043878

GARNER DEVELOPMENTS LIMITED Shareholders

adrian john mcelroy	33.33%
howard william emerson	33.33%
david albert mahon	33.33%

Garner Developments Limited currently has 3 directors. The longest serving directors include Mr Adrian McElroy (Sep 2002) and Mr David Mahon (Sep 2002).

officer	country	age	start	end	role
Mr Adrian McElroy		70 years	Sep 2002	-	Director
Mr David Mahon	Northern Ireland	68 years	Sep 2002	-	Director
Mr Howard Emerson		64 years	Sep 2002	-	Director

P&L

February 2023

turnover

1.4m

+9%

operating profit

-34.3k

gross margin

27.4%

+6.84%

turnover

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

Balance Sheet

February 2023

net assets

393.4k

-0.08%

total assets

476.1k

-0.07%

cash

1.9k

-0.34%

net assets

Total assets minus all liabilities

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company number

NI043878

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

August 2002

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

northern bank house, main street, kesh, co fermanagh, BT93 1TF

last accounts submitted

February 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 1 charges/mortgages relating to garner developments limited. Currently there are 1 open charges and 0 have been satisfied in the past.

garner developments limited Company Information

garner developments limited Estimated Valuation

garner developments limited Estimated Valuation

garner developments limited Estimated Valuation

Garner Developments Limited Overview

Garner Developments Limited Health Check

GARNER DEVELOPMENTS LIMITED financials

garner developments limited Credit Report and Business Information

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garner developments limited Companies House Filings - See Documents