Setanta Ltd

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setanta ltd Company Information

Live

MatureSmallHealthy

Company Number

NI044495

Website

www.setantaconstruction.com

Registered Address

ronan valley business park, 58 - 60 ballyronan road, magherafelt, county derry, BT45 6EW

Industry

Construction of domestic buildings

Telephone

02879301219

Next Accounts Due

January 2025

Group Structure

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Directors

Niall Gribbin21 Years

Mark Gribbin21 Years

Shareholders

niall gribbin 50%

mark gribbin 50%

setanta ltd Estimated Valuation

£950.7k

Pomanda estimates the enterprise value of SETANTA LTD at £950.7k based on a Turnover of £2.1m and 0.45x industry multiple (adjusted for size and gross margin).

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Setanta Ltd is a live company located in magherafelt, BT45 6EW with a Companies House number of NI044495. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in October 2002, it's largest shareholder is niall gribbin with a 50% stake. Setanta Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Setanta Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2.1m, make it larger than the average company (£452.8k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (6.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SETANTA LTD group structure

Setanta Ltd has no subsidiary companies.

Ultimate parent company

SETANTA LTD

NI044495

SETANTA LTD Shareholders

niall gribbin	50%
mark gribbin	50%

Setanta Ltd currently has 2 directors. The longest serving directors include Mr Niall Gribbin (Oct 2002) and Mr Mark Gribbin (Oct 2002).

officer	country	age	start	end	role
Mr Niall Gribbin	Northern Ireland	52 years	Oct 2002	-	Director
Mr Mark Gribbin	Northern Ireland	57 years	Oct 2002	-	Director

EXPORT

Setanta Ltd's latest turnover from April 2023 is estimated at £2.1 million and the company has net assets of £682.5 thousand. According to their latest financial statements, Setanta Ltd has 21 employees and maintains cash reserves of £73 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,131,697	4,078,219	2,939,514	1,686,520	4,610,486	4,450,840	2,959,570	2,766,120	5,318,898	6,417,687	3,637,584	3,363,048	3,514,023	2,836,234
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,675,836	3,253,121	2,385,727	1,343,740	3,611,066	3,446,009	2,266,049	2,137,667	4,146,949	5,046,452	2,872,430	2,670,254	2,768,044	2,205,300
Gross Profit	455,860	825,098	553,787	342,780	999,421	1,004,831	693,520	628,454	1,171,949	1,371,236	765,154	692,794	745,979	630,934
Admin Expenses	390,090	740,174	663,218	227,657	810,305	893,482	579,218	564,630	1,008,780	1,296,097	769,072	644,989	735,223	632,215
Operating Profit	65,770	84,924	-109,431	115,123	189,116	111,349	114,302	63,824	163,169	75,139	-3,918	47,805	10,756	-1,281
Interest Payable	20,385	15,360	7,822	848	4,105	6,102	5,355	2,517	0	0	0	0	0	0
Interest Receivable	4,577	1,157	122	76	285	91	74	67	7	7	153	219	130	64
Pre-Tax Profit	49,961	70,721	-117,130	114,351	185,296	105,338	109,021	61,374	163,176	75,146	-3,765	48,024	10,885	-1,217
Tax	-12,490	-13,437	0	-21,727	-35,206	-20,014	-20,714	-12,275	-32,635	-15,781	0	-11,526	-2,830	0
Profit After Tax	37,471	57,284	-117,130	92,624	150,090	85,324	88,307	49,099	130,541	59,365	-3,765	36,498	8,055	-1,217
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	37,471	57,284	-117,130	92,624	150,090	85,324	88,307	49,099	130,541	59,365	-3,765	36,498	8,055	-1,217
Employee Costs	909,349	817,709	689,047	782,651	735,178	541,652	423,849	332,485	472,651	609,131	377,110	367,381	387,917	374,283
Number Of Employees	21	19	18	20	17	13	11	8	12	16	10	10	11	11
EBITDA*	104,614	122,907	-62,689	172,865	253,962	165,064	118,817	85,487	166,461	81,545	2,652	54,289	18,887	10,358

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	39,995	51,633	71,240	113,118	121,127	134,879	113,664	64,018	5,809	3,749	9,409	12,462	13,348	6,812
Intangible Assets	0	749	1,495	2,241	2,987	3,732	4,477	5,224	5,970	6,716	7,462	8,208	8,954	9,700
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	39,995	52,382	72,735	115,359	124,114	138,611	118,141	69,242	11,779	10,465	16,871	20,670	22,302	16,512
Stock & work in progress	753,900	847,330	488,818	212,864	311,081	170,594	150,861	278,202	119,290	32,700	49,600	23,500	112,800	62,400
Trade Debtors	90,790	203,961	145,400	71,726	404,319	536,605	292,850	197,254	532,736	497,748	315,379	278,954	281,582	216,949
Group Debtors	230,657	348,203	500,305	509,912	502,972	362,516	316,769	211,406	0	0	0	0	0	9,881
Misc Debtors	4,728	20,948	18,561	26,109	16,824	21,781	11,700	20,391	0	0	0	0	0	0
Cash	72,976	142,416	166,108	78,876	72,322	3,731	32,748	26,699	0	2,784	0	61,280	26,300	25,500
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,153,051	1,562,858	1,319,192	899,487	1,307,518	1,095,227	804,928	733,952	652,026	533,232	364,979	363,734	420,682	314,730
total assets	1,193,046	1,615,240	1,391,927	1,014,846	1,431,632	1,233,838	923,069	803,194	663,805	543,697	381,850	384,404	442,984	331,242
Bank overdraft	95,105	45,320	63,112	0	27,802	93,836	93,930	77,434	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	226,234	636,900	425,693	159,429	608,542	494,471	286,418	341,083	423,913	0	331,816	330,284	423,767	322,459
Group/Directors Accounts	0	0	0	0	0	0	52,222	12,905	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	2,900	11,750	20,531	21,394	18,623	29,250	12,250	12,250	0	0	0	0	0	0
other current liabilities	71,961	100,082	63,752	63,979	132,180	117,709	64,380	42,968	0	0	0	0	0	0
total current liabilities	396,200	794,052	573,088	244,802	787,147	735,266	509,200	486,640	423,913	0	331,816	330,284	423,767	322,459
loans	104,003	153,333	193,333	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,697	5,407	9,055	21,743	11,493	11,563	15,313	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	7,562	15,123	22,685	0	0	0	27,563	0	433,588	0	0	0	0
provisions	7,600	9,811	13,537	20,695	20,695	24,802	21,673	415	415	1,173	463	784	2,379	0
total long term liabilities	114,300	176,113	231,048	65,123	32,188	36,365	36,986	27,978	415	434,761	463	784	2,379	0
total liabilities	510,500	970,165	804,136	309,925	819,335	771,631	546,186	514,618	424,328	434,761	332,279	331,068	426,146	322,459
net assets	682,546	645,075	587,791	704,921	612,297	462,207	376,883	288,576	239,477	108,936	49,571	53,336	16,838	8,783
total shareholders funds	682,546	645,075	587,791	704,921	612,297	462,207	376,883	288,576	239,477	108,936	49,571	53,336	16,838	8,783

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	65,770	84,924	-109,431	115,123	189,116	111,349	114,302	63,824	163,169	75,139	-3,918	47,805	10,756	-1,281
Depreciation	38,095	37,237	45,996	56,996	64,101	52,970	3,769	20,917	2,546	5,660	5,824	5,738	7,385	10,893
Amortisation	749	746	746	746	745	745	746	746	746	746	746	746	746	746
Tax	-12,490	-13,437	0	-21,727	-35,206	-20,014	-20,714	-12,275	-32,635	-15,781	0	-11,526	-2,830	0
Stock	-93,430	358,512	275,954	-98,217	140,487	19,733	-127,341	158,912	86,590	-16,900	26,100	-89,300	50,400	62,400
Debtors	-246,937	-91,154	56,519	-316,368	3,213	299,583	192,268	-103,685	34,988	182,369	36,425	-2,628	54,752	226,830
Creditors	-410,666	211,207	266,264	-449,113	114,071	208,053	-54,665	-82,830	423,913	-331,816	1,532	-93,483	101,308	322,459
Accruals and Deferred Income	-28,121	36,330	-227	-68,201	14,471	53,329	21,412	42,968	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,211	-3,726	-7,158	0	-4,107	3,129	21,258	0	-758	710	-321	-1,595	2,379	0
Cash flow from operations	-8,507	85,923	-136,283	48,409	199,491	90,245	21,181	-21,877	435,403	-430,811	-58,662	39,613	14,592	43,587
Investing Activities
capital expenditure	-26,457	-17,630	-4,118	-48,987	-50,349	-74,185	-53,414	-79,126	-4,606	0	-2,771	-4,852	-13,921	-28,151
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-26,457	-17,630	-4,118	-48,987	-50,349	-74,185	-53,414	-79,126	-4,606	0	-2,771	-4,852	-13,921	-28,151
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	-52,222	39,317	12,905	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	-49,330	-40,000	193,333	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-11,560	-12,429	-13,551	13,021	-10,697	13,250	15,313	12,250	0	0	0	0	0	0
other long term liabilities	-7,562	-7,561	-7,562	22,685	0	0	-27,563	27,563	-433,588	433,588	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	-15,808	-14,203	-7,700	-772	-3,820	-6,011	-5,281	-2,450	7	7	153	219	130	64
cash flow from financing	-84,260	-74,193	164,520	34,934	-14,517	-44,983	21,786	50,268	-433,581	433,595	153	219	130	10,064
cash and cash equivalents
cash	-69,440	-23,692	87,232	6,554	68,591	-29,017	6,049	26,699	-2,784	2,784	-61,280	34,980	800	25,500
overdraft	49,785	-17,792	63,112	-27,802	-66,034	-94	16,496	77,434	0	0	0	0	0	0
change in cash	-119,225	-5,900	24,120	34,356	134,625	-28,923	-10,447	-50,735	-2,784	2,784	-61,280	34,980	800	25,500

P&L

April 2023

turnover

2.1m

-48%

operating profit

65.8k

gross margin

21.4%

+5.7%

turnover

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

Balance Sheet

April 2023

net assets

682.5k

+0.06%

total assets

1.2m

-0.26%

cash

73k

-0.49%

net assets

Total assets minus all liabilities

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company number

NI044495

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

October 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

setanta - the construction company ltd (September 2015)

incorporated

address

ronan valley business park, 58 - 60 ballyronan road, magherafelt, county derry, BT45 6EW

last accounts submitted

April 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 3 charges/mortgages relating to setanta ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

setanta ltd Company Information

setanta ltd Estimated Valuation

setanta ltd Estimated Valuation

setanta ltd Estimated Valuation

Setanta Ltd AI Business Plan

Setanta Ltd Overview

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Setanta Ltd Competitor Analysis

setanta ltd Ownership

setanta ltd directors

SETANTA LTD financials

setanta ltd company details

setanta ltd Charges & Mortgages

setanta ltd Companies House Filings - See Documents