Glenhill Merchants Limited

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glenhill merchants limited Company Information

Live

MatureMidLow

Company Number

NI044596

Website

www.glenhill.co.uk

Registered Address

unit 1 musgrave park industrial, stockman way, belfast, BT9 7ET

Industry

Agents involved in the sale of timber and building materials

Telephone

02890669444

Next Accounts Due

September 2024

Group Structure

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Directors

Brendan Farnan21 Years

Andrew McCrory21 Years

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Shareholders

rosaleen farnan 60.5%

basil farnan 27.7%

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glenhill merchants limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of GLENHILL MERCHANTS LIMITED at £3.9m based on Net Assets of £2.3m and 1.68x industry multiple (adjusted for liquidity).

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Glenhill Merchants Limited is a live company located in belfast, BT9 7ET with a Companies House number of NI044596. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in November 2002, it's largest shareholder is rosaleen farnan with a 60.5% stake. Glenhill Merchants Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with low growth in recent years.

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Pomanda's financial health check has awarded Glenhill Merchants Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £5.4m, make it smaller than the average company (£16.3m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (9%)

EXPORT

Glenhill Merchants Limited's latest turnover from December 2022 is estimated at £5.4 million and the company has net assets of £2.3 million. According to their latest financial statements, Glenhill Merchants Limited has 23 employees and maintains cash reserves of £658.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	5,424,230	5,371,657	4,944,771	5,281,012	4,848,246	5,078,178	4,763,757	5,075,749	5,837,670	5,851,360	5,952,991	6,200,070	6,289,381	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,916,156	3,890,752	3,587,820	3,853,500	3,542,596	3,701,571	3,443,316	3,686,807	4,246,256	4,272,757	4,285,785	4,414,799	4,474,230	0
Gross Profit	1,508,074	1,480,906	1,356,951	1,427,512	1,305,650	1,376,607	1,320,441	1,388,942	1,591,414	1,578,603	1,667,207	1,785,271	1,815,151	0
Admin Expenses	1,228,907	1,194,006	1,153,759	1,257,756	1,179,394	1,253,229	1,217,958	1,295,243	1,575,949	1,549,049	1,573,874	1,728,247	1,745,252	-786,119
Operating Profit	279,167	286,900	203,192	169,756	126,256	123,378	102,483	93,699	15,465	29,554	93,333	57,024	69,899	786,119
Interest Payable	69,757	45,893	44,792	49,564	49,563	47,727	45,893	23,864	0	0	0	0	0	0
Interest Receivable	23,565	1,976	608	2,542	2,868	1,943	1,000	1,512	432	73	73	14	19	7
Pre-Tax Profit	232,975	242,983	159,009	122,735	79,560	77,594	57,591	71,346	15,897	29,627	93,405	57,038	69,918	786,126
Tax	-44,265	-46,167	-30,212	-23,320	-15,116	-14,743	-11,518	-14,269	-3,338	-6,814	-22,417	-14,830	-19,577	-220,115
Profit After Tax	188,710	196,816	128,797	99,415	64,444	62,851	46,073	57,077	12,559	22,813	70,988	42,208	50,341	566,011
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	188,710	196,816	128,797	99,415	64,444	62,851	46,073	57,077	12,559	22,813	70,988	42,208	50,341	566,011
Employee Costs	862,533	853,457	724,505	748,477	658,059	640,463	612,473	482,827	761,265	854,621	869,897	903,482	862,129	0
Number Of Employees	23	24	21	22	20	20	20	20	26	30	31	32	33	0
EBITDA*	325,068	332,372	235,630	196,831	148,508	148,489	133,542	116,746	33,821	46,127	114,801	57,024	69,899	786,119

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	110,744	153,387	77,683	90,016	41,303	54,237	76,336	103,795	62,267	58,786	63,829	45,759	735,537	735,537
Intangible Assets	0	0	0	0	0	0	0	0	735,537	735,537	0	0	0	0
Investments & Other	735,537	735,537	735,537	735,537	735,144	735,537	735,537	735,537	0	0	735,537	735,537	29,637	46,886
Debtors (Due After 1 year)	0	0	0	0	393	341	302	13	0	0	0	0	0	0
Total Fixed Assets	846,281	888,924	813,220	825,553	776,840	790,115	812,175	839,345	797,804	794,323	799,366	781,296	765,174	782,423
Stock & work in progress	1,787,486	1,554,336	1,280,123	1,336,254	1,079,311	1,155,992	1,073,435	1,042,810	1,078,934	1,036,682	1,096,115	1,052,862	930,767	827,676
Trade Debtors	552,020	600,287	595,764	744,116	799,476	806,997	723,755	831,932	945,160	1,035,051	990,174	1,125,417	1,170,405	1,175,953
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	43,629	60,681	19,676	23,239	66,328	29,985	31,841	29,091	0	0	0	0	0	0
Cash	658,918	687,670	893,142	323,113	354,803	409,882	367,287	433,062	171,550	1,337	27,981	1,032	4,701	2,956
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,042,053	2,902,974	2,788,705	2,426,722	2,300,311	2,402,856	2,196,318	2,336,895	2,195,644	2,073,070	2,114,270	2,179,311	2,105,873	2,006,585
total assets	3,888,334	3,791,898	3,601,925	3,252,275	3,077,151	3,192,971	3,008,493	3,176,240	2,993,448	2,867,393	2,913,636	2,960,607	2,871,047	2,789,008
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	453,655	606,782	605,391	463,456	375,877	580,095	460,150	469,706	752,123	638,627	707,683	825,642	778,290	746,592
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	338,109	269,831	291,289	209,312	227,257	204,515	198,260	397,417	0	0	0	0	0	0
total current liabilities	791,764	876,613	896,680	672,768	603,134	784,610	658,410	867,123	752,123	638,627	707,683	825,642	778,290	746,592
loans	734,287	734,287	734,287	734,287	734,274	734,261	734,274	734,287	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	742,118	742,118	742,118	742,118	742,118	742,118
provisions	18,893	26,318	13,094	16,153	10,091	8,892	13,452	18,546	0	0	0	0	0	0
total long term liabilities	753,180	760,605	747,381	750,440	744,365	743,153	747,726	752,833	742,118	742,118	742,118	742,118	742,118	742,118
total liabilities	1,544,944	1,637,218	1,644,061	1,423,208	1,347,499	1,527,763	1,406,136	1,619,956	1,494,241	1,380,745	1,449,801	1,567,760	1,520,408	1,488,710
net assets	2,343,390	2,154,680	1,957,864	1,829,067	1,729,652	1,665,208	1,602,357	1,556,284	1,499,207	1,486,648	1,463,835	1,392,847	1,350,639	1,300,298
total shareholders funds	2,343,390	2,154,680	1,957,864	1,829,067	1,729,652	1,665,208	1,602,357	1,556,284	1,499,207	1,486,648	1,463,835	1,392,847	1,350,639	1,300,298

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	279,167	286,900	203,192	169,756	126,256	123,378	102,483	93,699	15,465	29,554	93,333	57,024	69,899	786,119
Depreciation	45,901	45,472	32,438	27,075	22,252	25,111	31,059	23,047	18,356	16,573	21,468	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-44,265	-46,167	-30,212	-23,320	-15,116	-14,743	-11,518	-14,269	-3,338	-6,814	-22,417	-14,830	-19,577	-220,115
Stock	233,150	274,213	-56,131	256,943	-76,681	82,557	30,625	-36,124	42,252	-59,433	43,253	122,095	103,091	827,676
Debtors	-65,319	45,528	-151,915	-98,842	28,874	81,425	-105,138	-84,124	-89,891	44,877	-135,243	-44,988	-5,548	1,175,953
Creditors	-153,127	1,391	141,935	87,579	-204,218	119,945	-9,556	-282,417	113,496	-69,056	-117,959	47,352	31,698	746,592
Accruals and Deferred Income	68,278	-21,458	81,977	-17,945	22,742	6,255	-199,157	397,417	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,425	13,224	-3,059	6,062	1,199	-4,560	-5,094	18,546	0	0	0	0	0	0
Cash flow from operations	20,698	-40,379	634,317	91,106	922	91,404	-17,270	356,271	191,618	-15,187	66,415	12,439	-15,523	-691,033
Investing Activities
capital expenditure	-3,258	-121,176	-20,105	-75,788	-9,318	-3,012	-3,600	670,962	-21,837	-747,067	-39,538	689,778	0	-735,537
Change in Investments	0	0	0	393	-393	0	0	735,537	0	-735,537	0	705,900	-17,249	46,886
cash flow from investments	-3,258	-121,176	-20,105	-76,181	-8,925	-3,012	-3,600	-64,575	-21,837	-11,530	-39,538	-16,122	17,249	-782,423
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	13	13	-13	-13	734,287	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	-742,118	0	0	0	0	0	742,118
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	734,287
interest	-46,192	-43,917	-44,184	-47,022	-46,695	-45,784	-44,893	-22,352	432	73	73	14	19	7
cash flow from financing	-46,192	-43,917	-44,184	-47,009	-46,682	-45,797	-44,906	-30,183	432	73	73	14	19	1,476,412
cash and cash equivalents
cash	-28,752	-205,472	570,029	-31,690	-55,079	42,595	-65,775	261,512	170,213	-26,644	26,949	-3,669	1,745	2,956
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-28,752	-205,472	570,029	-31,690	-55,079	42,595	-65,775	261,512	170,213	-26,644	26,949	-3,669	1,745	2,956

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLENHILL MERCHANTS LIMITED group structure

Glenhill Merchants Limited has 1 subsidiary company.

Ultimate parent company

GLENHILL MERCHANTS LIMITED

NI044596

1 subsidiary

JUNIPER MERCHANTS LIMITED

NI017277

GLENHILL MERCHANTS LIMITED Shareholders

rosaleen farnan	60.5%
basil farnan	27.73%
brendan farnan	11.77%

Glenhill Merchants Limited currently has 3 directors. The longest serving directors include Mr Brendan Farnan (Nov 2002) and Mr Andrew McCrory (Nov 2002).

officer	country	age	start	end	role
Mr Brendan Farnan	Northern Ireland	57 years	Nov 2002	-	Director
Mr Andrew McCrory	Northern Ireland	55 years	Nov 2002	-	Director
Mrs Rosaleen Farnan		85 years	Dec 2005	-	Director

P&L

December 2022

turnover

5.4m

+1%

operating profit

279.2k

gross margin

27.9%

+0.85%

turnover

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

Balance Sheet

December 2022

net assets

2.3m

+0.09%

total assets

3.9m

+0.03%

cash

658.9k

-0.04%

net assets

Total assets minus all liabilities

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company number

NI044596

Type

Private limited with Share Capital

industry

46130 - Agents involved in the sale of timber and building materials

incorporation date

November 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

juniper merchants limited (November 2002)

incorporated

address

unit 1 musgrave park industrial, stockman way, belfast, BT9 7ET

last accounts submitted

December 2022

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 glenhill merchants limited. Currently there are 2 open charges and 0 have been satisfied in the past.

glenhill merchants limited Company Information

glenhill merchants limited Estimated Valuation

glenhill merchants limited Estimated Valuation

glenhill merchants limited Estimated Valuation

Glenhill Merchants Limited Overview

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GLENHILL MERCHANTS LIMITED financials

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