Belfast Skills Development Limited

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belfast skills development limited Company Information

Company Number

NI045850

Next Accounts

Feb 2026

Directors

Charles Fulton

Vivienne Fulton

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Shareholders

charles fulton

vivienne fulton

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Group Structure

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Industry

Other education n.e.c.

Registered Address

unit f, 98 carryduff road, temple, lisburn, co antrim, BT27 6YL

Website

http://bsdtraining.com

belfast skills development limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of BELFAST SKILLS DEVELOPMENT LIMITED at £1.7m based on Net Assets of £709.6k and 2.38x industry multiple (adjusted for liquidity).

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Belfast Skills Development Limited is a live company located in lisburn, BT27 6YL with a Companies House number of NI045850. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in March 2003, it's largest shareholder is charles fulton with a 85% stake. Belfast Skills Development Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Belfast Skills Development Limited a 2.5 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 Rating2.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.5m, make it larger than the average company (£499.2k)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.7%)

EXPORT

Belfast Skills Development Limited's latest turnover from May 2024 is estimated at £1.5 million and the company has net assets of £709.6 thousand. According to their latest financial statements, we estimate that Belfast Skills Development Limited has 29 employees and maintains cash reserves of £296.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,530,509	1,523,902	1,029,020	1,098,421	470,895	854,382	1,105,446	1,496,684	2,659,178	2,797,292	2,384,985	1,125,364	1,349,733	1,538,077	1,227,097
Other Income Or Grants
Cost Of Sales	654,431	649,640	446,874	519,705	221,646	429,634	562,739	741,891	1,286,130	1,423,453	1,274,131	558,050	660,052	765,454	607,218
Gross Profit	876,078	874,262	582,147	578,717	249,249	424,747	542,706	754,793	1,373,047	1,373,840	1,110,854	567,314	689,680	772,624	619,879
Admin Expenses	883,305	839,500	507,636	467,866	293,890	318,876	596,195	787,957	1,267,776	1,203,542	930,279	460,293	669,647	740,992	641,823
Operating Profit	-7,227	34,762	74,511	110,851	-44,641	105,871	-53,489	-33,164	105,271	170,298	180,575	107,021	20,033	31,632	-21,944
Interest Payable	3,067	3,890	3,216	1,584	355	2,059	5,159	8,428	5,274
Interest Receivable	14,475	12,235	2,603	193	148	778	464	371	890	636	294	114	11
Pre-Tax Profit	4,180	43,107	73,899	109,460	-44,848	104,590	-58,184	-41,221	100,886	170,934	180,870	107,135	20,043	31,632	-21,944
Tax	-1,045	-10,777	-14,041	-20,797		-19,872			-20,177	-34,187	-37,983	-24,641	-4,810	-8,224
Profit After Tax	3,135	32,330	59,858	88,663	-44,848	84,718	-58,184	-41,221	80,709	136,747	142,887	82,494	15,233	23,408	-21,944
Dividends Paid
Retained Profit	3,135	32,330	59,858	88,663	-44,848	84,718	-58,184	-41,221	80,709	136,747	142,887	82,494	15,233	23,408	-21,944
Employee Costs	862,481	876,492	592,328	605,842	253,871	450,919	582,408	747,717	1,321,703	1,411,130	1,142,801	566,290	674,550	778,470	624,884
Number Of Employees	29	31	22	23	10	18	24	32	56	58	48	24	29	34	28
EBITDA*	100,787	144,041	141,024	170,416	21,201	185,367	2,631	16,598	151,376	197,736	226,162	156,121	68,473	80,309	26,956

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	737,098	739,133	628,895	618,650	651,340	706,159	649,881	558,864	570,918	516,815	541,298	559,948	573,946	586,701	602,410
Intangible Assets												14,000	28,000	42,000	56,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	737,098	739,133	628,895	618,650	651,340	706,159	649,881	558,864	570,918	516,815	541,298	573,948	601,946	628,701	658,410
Stock & work in progress
Trade Debtors	108,279	106,921	80,803	71,413	32,866	70,408	90,120	118,899	198,608	195,725	153,245	68,008	95,938	115,979	90,060
Group Debtors
Misc Debtors	4,656	27,214		88,865	28,031	44,883	26,091	48,698	16,975
Cash	296,467	254,952	288,814	231,845	155,119	140,454	67,081	118,331	178,102	177,892	76,366	41,292	4,248
misc current assets
total current assets	409,402	389,087	369,617	392,123	216,016	255,745	183,292	285,928	393,685	373,617	229,611	109,300	100,186	115,979	90,060
total assets	1,146,500	1,128,220	998,512	1,010,773	867,356	961,904	833,173	844,792	964,603	890,432	770,909	683,248	702,132	744,680	748,470
Bank overdraft
Bank loan	10,221	9,975	9,739	8,333	1,935	7,821	41,038	54,877	53,539
Trade Creditors	32,716	66,504	12,226	20,535	10,715	9,612	6,509	17,395	10,194	236,258	193,392	147,876	137,375	176,565	163,712
Group/Directors Accounts
other short term finances
hp & lease commitments	26,320	14,132	7,125	14,250	26,914	29,375
other current liabilities	235,904	208,123	226,153	273,825	252,828	257,121	265,577	155,995	189,289
total current liabilities	305,161	298,734	255,243	316,943	292,392	303,929	313,124	228,267	253,022	236,258	193,392	147,876	137,375	176,565	163,712
loans	12,091	22,244	32,145	41,667		1,867	10,294	52,528	108,753
hp & lease commitments	54,289	38,868		7,045	21,335	48,289
Accruals and Deferred Income
other liabilities										145,357	203,308	301,984	414,498	431,943	472,571
provisions	65,353	61,903	36,983	30,835	28,009	37,351	24,005	20,063	17,673	4,371	6,510	8,576	7,941	9,087	8,510
total long term liabilities	131,733	123,015	69,128	79,547	49,344	87,507	34,299	72,591	126,426	149,728	209,818	310,560	422,439	441,030	481,081
total liabilities	436,894	421,749	324,371	396,490	341,736	391,436	347,423	300,858	379,448	385,986	403,210	458,436	559,814	617,595	644,793
net assets	709,606	706,471	674,141	614,283	525,620	570,468	485,750	543,934	585,155	504,446	367,699	224,812	142,318	127,085	103,677
total shareholders funds	709,606	706,471	674,141	614,283	525,620	570,468	485,750	543,934	585,155	504,446	367,699	224,812	142,318	127,085	103,677

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-7,227	34,762	74,511	110,851	-44,641	105,871	-53,489	-33,164	105,271	170,298	180,575	107,021	20,033	31,632	-21,944
Depreciation	108,014	109,279	66,513	59,565	65,842	79,496	56,120	49,762	46,105	27,438	31,587	35,100	34,440	34,677	34,900
Amortisation											14,000	14,000	14,000	14,000	14,000
Tax	-1,045	-10,777	-14,041	-20,797		-19,872			-20,177	-34,187	-37,983	-24,641	-4,810	-8,224
Stock
Debtors	-21,200	53,332	-79,475	99,381	-54,394	-920	-51,386	-47,986	19,858	42,480	85,237	-27,930	-20,041	25,919	90,060
Creditors	-33,788	54,278	-8,309	9,820	1,103	3,103	-10,886	7,201	-226,064	42,866	45,516	10,501	-39,190	12,853	163,712
Accruals and Deferred Income	27,781	-18,030	-47,672	20,997	-4,293	-8,456	109,582	-33,294	189,289
Deferred Taxes & Provisions	3,450	24,920	6,148	2,826	-9,342	13,346	3,942	2,390	13,302	-2,139	-2,066	635	-1,146	577	8,510
Cash flow from operations	118,385	141,100	156,625	83,881	63,063	174,408	156,655	40,881	87,868	161,796	146,392	170,546	43,368	59,596	109,118
Investing Activities
capital expenditure	-105,979	-219,517	-76,758	-26,875	-11,023	-135,774	-147,137	-37,708	-100,208	-2,955	-12,937	-21,102	-21,685	-18,968	-707,310
Change in Investments
cash flow from investments	-105,979	-219,517	-76,758	-26,875	-11,023	-135,774	-147,137	-37,708	-100,208	-2,955	-12,937	-21,102	-21,685	-18,968	-707,310
Financing Activities
Bank loans	246	236	1,406	6,398	-5,886	-33,217	-13,839	1,338	53,539
Group/Directors Accounts
Other Short Term Loans
Long term loans	-10,153	-9,901	-9,522	41,667	-1,867	-8,427	-42,234	-56,225	108,753
Hire Purchase and Lease Commitments	27,609	45,875	-14,170	-26,954	-29,415	77,664
other long term liabilities									-145,357	-57,951	-98,676	-112,514	-17,445	-40,628	472,571
share issue															125,621
interest	11,408	8,345	-613	-1,391	-207	-1,281	-4,695	-8,057	-4,384	636	294	114	11
cash flow from financing	29,110	44,555	-22,899	19,720	-37,375	34,739	-60,768	-62,944	12,551	-57,315	-98,382	-112,400	-17,434	-40,628	598,192
cash and cash equivalents
cash	41,515	-33,862	56,969	76,726	14,665	73,373	-51,250	-59,771	210	101,526	35,074	37,044	4,248
overdraft
change in cash	41,515	-33,862	56,969	76,726	14,665	73,373	-51,250	-59,771	210	101,526	35,074	37,044	4,248

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BELFAST SKILLS DEVELOPMENT LIMITED group structure

Belfast Skills Development Limited has no subsidiary companies.

Ultimate parent company

BELFAST SKILLS DEVELOPMENT LIMITED

NI045850

BELFAST SKILLS DEVELOPMENT LIMITED Shareholders

charles fulton	85%
vivienne fulton	5%
mark fulton	5%
stephanie fulton	5%

Belfast Skills Development Limited currently has 4 directors. The longest serving directors include Mr Charles Fulton (Mar 2003) and Mrs Vivienne Fulton (Mar 2003).

officer	country	age	start	end	role
Mr Charles Fulton	Northern Ireland	71 years	Mar 2003	-	Director
Mrs Vivienne Fulton	Northern Ireland	65 years	Mar 2003	-	Director
Mr Mark Fulton		37 years	Dec 2016	-	Director
Miss Stephanie Fulton		35 years	Dec 2017	-	Director

P&L

May 2024

turnover

1.5m

operating profit

-7.2k

gross margin

57.3%

-0.22%

turnover

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

Balance Sheet

May 2024

net assets

709.6k

total assets

1.1m

+0.02%

cash

296.5k

+0.16%

net assets

Total assets minus all liabilities

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company number

NI045850

Type

Private limited with Share Capital

industry

85590 - Other education n.e.c.

incorporation date

March 2003

ultimate parent company

None

previous names

belfast sklls development limited (March 2003)

address

unit f, 98 carryduff road, temple, lisburn, co antrim, BT27 6YL

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belfast skills development limited Company Information

belfast skills development limited Estimated Valuation

belfast skills development limited Estimated Valuation

belfast skills development limited Estimated Valuation

Belfast Skills Development Limited Overview

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BELFAST SKILLS DEVELOPMENT LIMITED financials

belfast skills development limited Credit Report and Business Information

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