tappaghan wind farm (n.i.) limited
tappaghan wind farm (n.i.) limited Company Information
Company Number
NI047999
Website
http://airtricity.comRegistered Address
unit 4, the legacy building, queens road, belfast, BT3 9DT
Industry
Production of electricity
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
greencoat uk wind holdco ltd 100%
tappaghan wind farm (n.i.) limited Estimated Valuation
Pomanda estimates the enterprise value of TAPPAGHAN WIND FARM (N.I.) LIMITED at £28.6m based on a Turnover of £12.5m and 2.29x industry multiple (adjusted for size and gross margin).
tappaghan wind farm (n.i.) limited Estimated Valuation
Pomanda estimates the enterprise value of TAPPAGHAN WIND FARM (N.I.) LIMITED at £70.7m based on an EBITDA of £10.7m and a 6.6x industry multiple (adjusted for size and gross margin).
tappaghan wind farm (n.i.) limited Estimated Valuation
Pomanda estimates the enterprise value of TAPPAGHAN WIND FARM (N.I.) LIMITED at £31.3m based on Net Assets of £11m and 2.84x industry multiple (adjusted for liquidity).
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Tappaghan Wind Farm (n.i.) Limited Overview
Tappaghan Wind Farm (n.i.) Limited is a live company located in belfast, BT3 9DT with a Companies House number of NI047999. It operates in the production of electricity sector, SIC Code 35110. Founded in September 2003, it's largest shareholder is greencoat uk wind holdco ltd with a 100% stake. Tappaghan Wind Farm (n.i.) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.5m with rapid growth in recent years.
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Tappaghan Wind Farm (n.i.) Limited Health Check
Pomanda's financial health check has awarded Tappaghan Wind Farm (N.I.) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
1 Weak
Size
annual sales of £12.5m, make it larger than the average company (£1.3m)
£12.5m - Tappaghan Wind Farm (n.i.) Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (4.9%)
32% - Tappaghan Wind Farm (n.i.) Limited
4.9% - Industry AVG
Production
with a gross margin of 70.5%, this company has a comparable cost of product (70.5%)
70.5% - Tappaghan Wind Farm (n.i.) Limited
70.5% - Industry AVG
Profitability
an operating margin of 79.8% make it more profitable than the average company (45.6%)
79.8% - Tappaghan Wind Farm (n.i.) Limited
45.6% - Industry AVG
Employees
with 40 employees, this is above the industry average (3)
- Tappaghan Wind Farm (n.i.) Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Tappaghan Wind Farm (n.i.) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £312.7k, this is equally as efficient (£314.4k)
- Tappaghan Wind Farm (n.i.) Limited
£314.4k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (16 days)
0 days - Tappaghan Wind Farm (n.i.) Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (22 days)
9 days - Tappaghan Wind Farm (n.i.) Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tappaghan Wind Farm (n.i.) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 96 weeks, this is more cash available to meet short term requirements (8 weeks)
96 weeks - Tappaghan Wind Farm (n.i.) Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.2%, this is a lower level of debt than the average (94.7%)
20.2% - Tappaghan Wind Farm (n.i.) Limited
94.7% - Industry AVG
TAPPAGHAN WIND FARM (N.I.) LIMITED financials
Tappaghan Wind Farm (N.I.) Limited's latest turnover from December 2022 is £12.5 million and the company has net assets of £11 million. According to their latest financial statements, we estimate that Tappaghan Wind Farm (N.I.) Limited has 40 employees and maintains cash reserves of £1.1 million 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 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,509,000 | 8,121,000 | 4,873,000 | 5,431,000 | 7,004,000 | 6,547,000 | 5,289,000 | 6,164,000 | 5,499,000 | 5,114,000 | 6,249,000 | 7,470,000 | 5,988,000 | 7,052,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 2,443,000 | 2,566,000 | 2,770,000 | 2,345,000 | 1,586,000 | |||||||||
| Gross Profit | 2,671,000 | 3,683,000 | 4,700,000 | 3,643,000 | 5,466,000 | |||||||||
| Admin Expenses | 0 | 0 | 0 | 0 | 0 | |||||||||
| Operating Profit | 9,976,000 | 5,790,000 | 2,573,000 | 3,093,000 | 4,463,000 | 3,156,000 | 1,697,000 | 2,671,000 | 3,683,000 | 4,700,000 | 3,643,000 | 5,466,000 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78,000 | 324,000 | 650,000 | 379,000 | 517,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 18,000 | 12,000 |
| Pre-Tax Profit | 9,976,000 | 5,790,000 | 2,573,000 | 3,093,000 | 4,463,000 | 3,157,000 | 1,698,000 | 2,672,000 | 2,457,000 | 2,593,000 | 3,359,000 | 4,050,000 | 3,282,000 | 4,961,000 |
| Tax | -1,872,000 | -1,663,000 | -147,000 | 42,000 | -9,000 | 75,000 | 430,000 | 310,000 | 47,000 | 410,000 | -121,000 | -950,000 | -716,000 | -1,391,000 |
| Profit After Tax | 8,104,000 | 4,127,000 | 2,426,000 | 3,135,000 | 4,454,000 | 3,232,000 | 2,128,000 | 2,982,000 | 2,504,000 | 3,003,000 | 3,238,000 | 3,100,000 | 2,566,000 | 3,570,000 |
| Dividends Paid | 9,221,000 | 4,484,000 | 3,691,000 | 4,632,000 | 4,633,000 | 3,414,000 | 3,634,000 | 3,643,000 | 6,163,000 | 238,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,117,000 | -357,000 | -1,265,000 | -1,497,000 | -179,000 | -182,000 | -1,506,000 | -661,000 | -3,659,000 | 2,765,000 | 3,238,000 | 3,100,000 | 2,566,000 | 3,570,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 3 | |||||||||||||
| EBITDA* | 10,712,000 | 6,526,000 | 3,309,000 | 3,840,000 | 5,221,000 | 4,533,000 | 3,389,000 | 2,671,000 | 3,683,000 | 4,700,000 | 5,360,000 | 7,191,000 |
* 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 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,321,000 | 11,046,000 | 11,771,000 | 12,496,000 | 13,607,000 | 14,354,000 | 15,710,000 | 17,382,000 | 19,053,000 | 21,044,000 | 22,313,000 | 23,918,000 | 25,786,000 | 28,336,000 |
| Intangible Assets | 182,000 | 193,000 | 204,000 | 215,000 | 226,000 | 237,000 | 258,000 | 278,000 | 299,000 | 0 | 0 | 0 | 0 | 0 |
| 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 | 10,503,000 | 11,239,000 | 11,975,000 | 12,711,000 | 13,833,000 | 14,591,000 | 15,968,000 | 17,660,000 | 19,352,000 | 21,044,000 | 22,313,000 | 23,918,000 | 25,786,000 | 28,336,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 26,000 | 0 | 0 | 836,000 | 1,643,000 | 1,376,000 | 874,000 | 852,000 | 818,000 | 0 | 592,000 | 0 | 3,759,000 | 2,908,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,254,000 | 2,441,000 | 1,459,000 | 1,686,000 | 70,000 | 665,000 | 65,000 | 52,000 | 58,000 | 1,584,000 | 1,900,000 | 7,025,000 | 52,000 | 20,000 |
| Cash | 1,052,000 | 2,496,000 | 1,439,000 | 782,000 | 1,988,000 | 843,000 | 804,000 | 1,155,000 | 483,000 | 1,797,000 | 90,000 | 8,000 | 31,000 | 13,003,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 234,000 | 0 | 0 | 0 | 0 |
| total current assets | 3,332,000 | 4,937,000 | 2,898,000 | 3,304,000 | 3,701,000 | 2,884,000 | 1,743,000 | 2,059,000 | 1,359,000 | 3,615,000 | 2,582,000 | 7,033,000 | 3,842,000 | 15,931,000 |
| total assets | 13,835,000 | 16,176,000 | 14,873,000 | 16,015,000 | 17,534,000 | 17,475,000 | 17,711,000 | 19,719,000 | 20,711,000 | 24,659,000 | 24,895,000 | 30,951,000 | 29,628,000 | 44,267,000 |
| 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 | 1,707,000 |
| Trade Creditors | 94,000 | 196,000 | 266,000 | 309,000 | 65,000 | 30,000 | 5,000 | 64,000 | 0 | 355,000 | 442,000 | 573,000 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,748,000 | 12,032,000 | 14,141,000 | 28,499,000 |
| 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 | 472,000 | 1,488,000 | 251,000 | 232,000 | 456,000 | 262,000 | 266,000 | 279,000 | 366,000 | 244,000 | 10,000 | 0 | 485,000 | 1,878,000 |
| total current liabilities | 566,000 | 1,684,000 | 517,000 | 541,000 | 521,000 | 292,000 | 271,000 | 343,000 | 366,000 | 599,000 | 3,200,000 | 12,605,000 | 14,626,000 | 32,084,000 |
| 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 | 2,229,000 | 2,335,000 | 1,842,000 | 1,695,000 | 1,737,000 | 1,728,000 | 1,803,000 | 2,233,000 | 2,541,000 | 2,597,000 | 2,997,000 | 2,886,000 | 2,642,000 | 2,389,000 |
| total long term liabilities | 2,229,000 | 2,335,000 | 1,842,000 | 1,695,000 | 1,737,000 | 1,728,000 | 1,803,000 | 2,233,000 | 2,541,000 | 2,597,000 | 2,997,000 | 2,886,000 | 2,642,000 | 2,389,000 |
| total liabilities | 2,795,000 | 4,019,000 | 2,359,000 | 2,236,000 | 2,258,000 | 2,020,000 | 2,074,000 | 2,576,000 | 2,907,000 | 3,196,000 | 6,197,000 | 15,491,000 | 17,268,000 | 34,473,000 |
| net assets | 11,040,000 | 12,157,000 | 12,514,000 | 13,779,000 | 15,276,000 | 15,455,000 | 15,637,000 | 17,143,000 | 17,804,000 | 21,463,000 | 18,698,000 | 15,460,000 | 12,360,000 | 9,794,000 |
| total shareholders funds | 11,040,000 | 12,157,000 | 12,514,000 | 13,779,000 | 15,276,000 | 15,455,000 | 15,637,000 | 17,143,000 | 17,804,000 | 21,463,000 | 18,698,000 | 15,460,000 | 12,360,000 | 9,794,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 9,976,000 | 5,790,000 | 2,573,000 | 3,093,000 | 4,463,000 | 3,156,000 | 1,697,000 | 2,671,000 | 3,683,000 | 4,700,000 | 3,643,000 | 5,466,000 | ||
| Depreciation | 725,000 | 725,000 | 725,000 | 736,000 | 747,000 | 1,356,000 | 1,672,000 | 1,671,000 | -1,671,000 | 0 | 0 | 0 | 1,717,000 | 1,725,000 |
| Amortisation | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 21,000 | 20,000 | -21,000 | -21,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,872,000 | -1,663,000 | -147,000 | 42,000 | -9,000 | 75,000 | 430,000 | 310,000 | 47,000 | 410,000 | -121,000 | -950,000 | -716,000 | -1,391,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -161,000 | 982,000 | -1,063,000 | 809,000 | -328,000 | 1,102,000 | 35,000 | 28,000 | -708,000 | -5,441,000 | -4,533,000 | 3,214,000 | 883,000 | 2,928,000 |
| Creditors | -102,000 | -70,000 | -43,000 | 244,000 | 35,000 | 25,000 | -59,000 | 64,000 | -355,000 | -218,000 | -131,000 | 573,000 | 0 | 0 |
| Accruals and Deferred Income | -1,016,000 | 1,237,000 | 19,000 | -224,000 | 194,000 | -4,000 | -13,000 | -87,000 | 122,000 | 244,000 | 10,000 | -485,000 | -1,393,000 | 1,878,000 |
| Deferred Taxes & Provisions | -106,000 | 493,000 | 147,000 | -42,000 | 9,000 | -75,000 | -430,000 | -308,000 | -56,000 | -289,000 | 111,000 | 244,000 | 253,000 | 2,389,000 |
| Cash flow from operations | 7,777,000 | 5,541,000 | 4,348,000 | 3,051,000 | 5,778,000 | 3,452,000 | 3,282,000 | 8,259,000 | 8,085,000 | 868,000 | 2,621,000 | 7,139,000 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -82,000 | 0 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -82,000 | 0 | ||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,707,000 | 1,707,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,032,000 | -9,284,000 | -2,109,000 | -14,358,000 | 28,499,000 |
| 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 | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 0 | 0 | -78,000 | -324,000 | -650,000 | -361,000 | -505,000 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 0 | 0 | -8,872,000 | -9,608,000 | -2,759,000 | -16,426,000 | 35,925,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,444,000 | 1,057,000 | 657,000 | -1,206,000 | 1,145,000 | 39,000 | -351,000 | 672,000 | -1,314,000 | 1,789,000 | 82,000 | -23,000 | -12,972,000 | 13,003,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,444,000 | 1,057,000 | 657,000 | -1,206,000 | 1,145,000 | 39,000 | -351,000 | 672,000 | -1,314,000 | 1,789,000 | 82,000 | -23,000 | -12,972,000 | 13,003,000 |
tappaghan wind farm (n.i.) limited Credit Report and Business Information
Tappaghan Wind Farm (n.i.) Limited Competitor Analysis
Perform a competitor analysis for tappaghan wind farm (n.i.) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tappaghan wind farm (n.i.) limited Ownership
TAPPAGHAN WIND FARM (N.I.) LIMITED group structure
Tappaghan Wind Farm (N.I.) Limited has no subsidiary companies.
Ultimate parent company
NOVUSMODUS LLP
#0165891
2 parents
TAPPAGHAN WIND FARM (N.I.) LIMITED
NI047999
tappaghan wind farm (n.i.) limited directors
Tappaghan Wind Farm (N.I.) Limited currently has 3 directors. The longest serving directors include Mr Ramon Parra (May 2022) and Mr Faheem Sheikh (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ramon Parra | United Kingdom | 46 years | May 2022 | - | Director |
| Mr Faheem Sheikh | England | 39 years | May 2023 | - | Director |
| Mr Javier Serrano | England | 45 years | May 2023 | - | Director |
P&L
December 2022turnover
12.5m
+54%
operating profit
10m
+72%
gross margin
70.6%
+11.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
11m
-0.09%
total assets
13.8m
-0.14%
cash
1.1m
-0.58%
net assets
Total assets minus all liabilities
tappaghan wind farm (n.i.) limited company details
company number
NI047999
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
September 2003
age
21
accounts
Full Accounts
ultimate parent company
previous names
tappagan wind farm (n.i.) limited (January 2004)
incorporated
UK
address
unit 4, the legacy building, queens road, belfast, BT3 9DT
last accounts submitted
December 2022
tappaghan wind farm (n.i.) 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 2 charges/mortgages relating to tappaghan wind farm (n.i.) limited. Currently there are 0 open charges and 2 have been satisfied in the past.
tappaghan wind farm (n.i.) limited Companies House Filings - See Documents
| date | description | view/download |
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