bin mountain windfarm (n.i.) limited
bin mountain windfarm (n.i.) limited Company Information
Company Number
NI048448
Next Accounts
Sep 2025
Shareholders
greencoat uk wind holdco limited
Group Structure
View All
Industry
Distribution of electricity
Registered Address
unit 4, the legacy building, queens road, belfast, BT3 9DT
Website
-bin mountain windfarm (n.i.) limited Estimated Valuation
Pomanda estimates the enterprise value of BIN MOUNTAIN WINDFARM (N.I.) LIMITED at £4m based on a Turnover of £2.8m and 1.43x industry multiple (adjusted for size and gross margin).
bin mountain windfarm (n.i.) limited Estimated Valuation
Pomanda estimates the enterprise value of BIN MOUNTAIN WINDFARM (N.I.) LIMITED at £7.4m based on an EBITDA of £1.8m and a 4.17x industry multiple (adjusted for size and gross margin).
bin mountain windfarm (n.i.) limited Estimated Valuation
Pomanda estimates the enterprise value of BIN MOUNTAIN WINDFARM (N.I.) LIMITED at £32.3m based on Net Assets of £11.9m and 2.71x industry multiple (adjusted for liquidity).
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Bin Mountain Windfarm (n.i.) Limited Overview
Bin Mountain Windfarm (n.i.) Limited is a live company located in belfast, BT3 9DT with a Companies House number of NI048448. It operates in the distribution of electricity sector, SIC Code 35130. Founded in October 2003, it's largest shareholder is greencoat uk wind holdco limited with a 100% stake. Bin Mountain Windfarm (n.i.) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with healthy growth in recent years.
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Bin Mountain Windfarm (n.i.) Limited Health Check
Pomanda's financial health check has awarded Bin Mountain Windfarm (N.I.) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
2 Weak
Size
annual sales of £2.8m, make it smaller than the average company (£9.6m)
£2.8m - Bin Mountain Windfarm (n.i.) Limited
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (15.4%)
12% - Bin Mountain Windfarm (n.i.) Limited
15.4% - Industry AVG
Production
with a gross margin of 38.4%, this company has a comparable cost of product (38.4%)
38.4% - Bin Mountain Windfarm (n.i.) Limited
38.4% - Industry AVG
Profitability
an operating margin of 55.2% make it more profitable than the average company (25.3%)
55.2% - Bin Mountain Windfarm (n.i.) Limited
25.3% - Industry AVG
Employees
with 5 employees, this is below the industry average (199)
- Bin Mountain Windfarm (n.i.) Limited
199 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Bin Mountain Windfarm (n.i.) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £554.6k, this is equally as efficient (£606.3k)
- Bin Mountain Windfarm (n.i.) Limited
£606.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (27 days)
0 days - Bin Mountain Windfarm (n.i.) Limited
27 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Bin Mountain Windfarm (n.i.) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bin Mountain Windfarm (n.i.) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 90 weeks, this is more cash available to meet short term requirements (4 weeks)
90 weeks - Bin Mountain Windfarm (n.i.) Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.5%, this is a lower level of debt than the average (80%)
23.5% - Bin Mountain Windfarm (n.i.) Limited
80% - Industry AVG
BIN MOUNTAIN WINDFARM (N.I.) LIMITED financials
Bin Mountain Windfarm (N.I.) Limited's latest turnover from December 2023 is £2.8 million and the company has net assets of £11.9 million. According to their latest financial statements, we estimate that Bin Mountain Windfarm (N.I.) Limited has 5 employees and maintains cash reserves of £443 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 2,773,000 | 4,300,000 | 2,916,000 | 1,951,000 | 2,023,000 | 2,585,000 | 2,458,000 | 1,747,000 | 2,240,000 | 2,092,000 | 1,896,000 | 2,009,000 | 2,345,000 | 2,128,000 | 2,841,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 762,000 | 1,061,000 | 819,000 | 812,000 | 782,000 | ||||||||||
| Gross Profit | 1,134,000 | 948,000 | 1,526,000 | 1,316,000 | 2,059,000 | ||||||||||
| Admin Expenses | -33,000 | -250,000 | |||||||||||||
| Operating Profit | 1,530,000 | 3,389,000 | 1,970,000 | 987,000 | 1,070,000 | 1,711,000 | 1,538,000 | 640,000 | 1,120,000 | 1,084,000 | 1,134,000 | 948,000 | 1,526,000 | 1,349,000 | 2,309,000 |
| Interest Payable | 43,000 | 84,000 | 181,000 | 290,000 | 490,000 | ||||||||||
| Interest Receivable | 1,000 | 6,000 | 27,000 | 7,000 | 6,000 | ||||||||||
| Pre-Tax Profit | 1,530,000 | 3,389,000 | 1,970,000 | 987,000 | 1,070,000 | 1,711,000 | 1,538,000 | 640,000 | 1,121,000 | 1,090,000 | 1,091,000 | 864,000 | 1,372,000 | 145,000 | 1,825,000 |
| Tax | -409,000 | -638,000 | -353,000 | -254,000 | 187,000 | -222,000 | 32,000 | 120,000 | 9,000 | -13,000 | -91,000 | 6,000 | -310,000 | 2,000 | -525,000 |
| Profit After Tax | 1,121,000 | 2,751,000 | 1,617,000 | 733,000 | 1,257,000 | 1,489,000 | 1,570,000 | 760,000 | 1,130,000 | 1,077,000 | 1,000,000 | 870,000 | 1,062,000 | 147,000 | 1,300,000 |
| Dividends Paid | 1,260,000 | 3,168,000 | 1,764,000 | 1,256,000 | 1,420,000 | 1,711,000 | 1,539,000 | 1,281,000 | 1,445,000 | 2,154,000 | |||||
| Retained Profit | -139,000 | -417,000 | -147,000 | -523,000 | -163,000 | -222,000 | 31,000 | -521,000 | -315,000 | -1,077,000 | 1,000,000 | 870,000 | 1,062,000 | 147,000 | 1,300,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | 3 | 3 | 8 | ||||||||||||
| EBITDA* | 1,774,000 | 3,627,000 | 2,208,000 | 1,225,000 | 1,308,000 | 1,953,000 | 2,044,000 | 1,145,000 | 1,625,000 | 579,000 | 1,512,000 | 1,654,000 | 2,223,000 | 1,993,000 | 2,968,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 14,239,000 | 3,380,000 | 3,612,000 | 3,844,000 | 4,076,000 | 4,308,000 | 4,544,000 | 5,037,000 | 5,529,000 | 6,021,000 | 6,686,000 | 7,064,000 | 7,673,000 | 8,187,000 | 8,831,000 |
| Intangible Assets | 85,000 | 91,000 | 97,000 | 103,000 | 109,000 | 115,000 | 121,000 | 134,000 | 147,000 | 160,000 | |||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 14,324,000 | 3,471,000 | 3,709,000 | 3,947,000 | 4,185,000 | 4,423,000 | 4,665,000 | 5,171,000 | 5,676,000 | 6,181,000 | 6,686,000 | 7,064,000 | 7,673,000 | 8,187,000 | 8,831,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,000 | 267,000 | 629,000 | 520,000 | 311,000 | 324,000 | 262,000 | 1,416,000 | 1,877,000 | ||||||
| Group Debtors | 2,047,000 | 101,000 | |||||||||||||
| Misc Debtors | 837,000 | 713,000 | 896,000 | 585,000 | 628,000 | 61,000 | 260,000 | 57,000 | 52,000 | 40,000 | 615,000 | 779,000 | 21,000 | 36,000 | 40,000 |
| Cash | 443,000 | 514,000 | 1,041,000 | 723,000 | 380,000 | 741,000 | 368,000 | 226,000 | 433,000 | 298,000 | 602,000 | 48,000 | 1,000 | 12,000 | 1,971,000 |
| misc current assets | 80,000 | ||||||||||||||
| total current assets | 1,281,000 | 1,227,000 | 1,937,000 | 1,308,000 | 1,275,000 | 1,431,000 | 1,148,000 | 594,000 | 809,000 | 600,000 | 1,297,000 | 827,000 | 2,069,000 | 1,565,000 | 3,888,000 |
| total assets | 15,605,000 | 4,698,000 | 5,646,000 | 5,255,000 | 5,460,000 | 5,854,000 | 5,813,000 | 5,765,000 | 6,485,000 | 6,781,000 | 7,983,000 | 7,891,000 | 9,742,000 | 9,752,000 | 12,719,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | 510,000 | ||||||||||||||
| Trade Creditors | 27,000 | 167,000 | 95,000 | 89,000 | 16,000 | 14,000 | 31,000 | 39,000 | 66,000 | 144,000 | 4,000 | 5,000 | |||
| Group/Directors Accounts | 243,000 | 1,174,000 | 3,975,000 | 4,911,000 | 1,580,000 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 254,000 | 236,000 | 595,000 | 290,000 | 28,000 | 145,000 | 106,000 | 71,000 | 119,000 | 83,000 | 184,000 | 3,000 | 58,000 | 211,000 | 283,000 |
| total current liabilities | 254,000 | 263,000 | 762,000 | 385,000 | 117,000 | 161,000 | 120,000 | 71,000 | 150,000 | 122,000 | 493,000 | 1,321,000 | 4,033,000 | 5,126,000 | 2,378,000 |
| loans | 5,961,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 3,418,000 | 724,000 | 756,000 | 595,000 | 545,000 | 732,000 | 510,000 | 542,000 | 662,000 | 671,000 | 663,000 | 743,000 | 752,000 | 731,000 | 632,000 |
| total long term liabilities | 3,418,000 | 724,000 | 756,000 | 595,000 | 545,000 | 732,000 | 510,000 | 542,000 | 662,000 | 671,000 | 663,000 | 743,000 | 752,000 | 731,000 | 6,593,000 |
| total liabilities | 3,672,000 | 987,000 | 1,518,000 | 980,000 | 662,000 | 893,000 | 630,000 | 613,000 | 812,000 | 793,000 | 1,156,000 | 2,064,000 | 4,785,000 | 5,857,000 | 8,971,000 |
| net assets | 11,933,000 | 3,711,000 | 4,128,000 | 4,275,000 | 4,798,000 | 4,961,000 | 5,183,000 | 5,152,000 | 5,673,000 | 5,988,000 | 6,827,000 | 5,827,000 | 4,957,000 | 3,895,000 | 3,748,000 |
| total shareholders funds | 11,933,000 | 3,711,000 | 4,128,000 | 4,275,000 | 4,798,000 | 4,961,000 | 5,183,000 | 5,152,000 | 5,673,000 | 5,988,000 | 6,827,000 | 5,827,000 | 4,957,000 | 3,895,000 | 3,748,000 |
| Dec 2023 | 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 | 1,530,000 | 3,389,000 | 1,970,000 | 987,000 | 1,070,000 | 1,711,000 | 1,538,000 | 640,000 | 1,120,000 | 1,084,000 | 1,134,000 | 948,000 | 1,526,000 | 1,349,000 | 2,309,000 |
| Depreciation | 238,000 | 232,000 | 232,000 | 232,000 | 232,000 | 236,000 | 493,000 | 492,000 | 492,000 | -492,000 | 378,000 | 706,000 | 697,000 | 644,000 | 659,000 |
| Amortisation | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 13,000 | 13,000 | 13,000 | -13,000 | |||||
| Tax | -409,000 | -638,000 | -353,000 | -254,000 | 187,000 | -222,000 | 32,000 | 120,000 | 9,000 | -13,000 | -91,000 | 6,000 | -310,000 | 2,000 | -525,000 |
| Stock | |||||||||||||||
| Debtors | 125,000 | -183,000 | 311,000 | -310,000 | 205,000 | -90,000 | 412,000 | -8,000 | 74,000 | -313,000 | -1,453,000 | -1,289,000 | 515,000 | -364,000 | 1,917,000 |
| Creditors | -27,000 | -140,000 | 72,000 | 6,000 | 73,000 | 2,000 | 14,000 | -31,000 | -8,000 | -27,000 | 66,000 | 144,000 | -4,000 | -1,000 | 5,000 |
| Accruals and Deferred Income | 18,000 | -359,000 | 305,000 | 262,000 | -117,000 | 39,000 | 35,000 | -48,000 | 36,000 | -101,000 | 126,000 | -55,000 | -153,000 | -72,000 | 283,000 |
| Deferred Taxes & Provisions | 2,694,000 | -32,000 | 161,000 | 50,000 | -187,000 | 222,000 | -32,000 | -120,000 | -9,000 | 8,000 | -89,000 | -9,000 | 21,000 | 99,000 | 632,000 |
| Cash flow from operations | 3,925,000 | 2,641,000 | 2,082,000 | 1,599,000 | 1,059,000 | 2,084,000 | 1,681,000 | 1,074,000 | 1,579,000 | 759,000 | 2,977,000 | 3,029,000 | 1,262,000 | 2,385,000 | 1,446,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -97,000 | ||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -97,000 | ||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -510,000 | 510,000 | |||||||||||||
| Group/Directors Accounts | -243,000 | -3,732,000 | -2,801,000 | -936,000 | 3,331,000 | 1,580,000 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -5,961,000 | 5,961,000 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 1,000 | 6,000 | -43,000 | -84,000 | -154,000 | -283,000 | -484,000 | ||||||||
| cash flow from financing | 8,361,000 | 1,000 | 1,000 | -2,905,000 | -2,885,000 | -1,090,000 | -3,423,000 | 10,015,000 | |||||||
| cash and cash equivalents | |||||||||||||||
| cash | -71,000 | -527,000 | 318,000 | 343,000 | -361,000 | 373,000 | 142,000 | -207,000 | 135,000 | -304,000 | 601,000 | 47,000 | -11,000 | -1,959,000 | 1,971,000 |
| overdraft | |||||||||||||||
| change in cash | -71,000 | -527,000 | 318,000 | 343,000 | -361,000 | 373,000 | 142,000 | -207,000 | 135,000 | -304,000 | 601,000 | 47,000 | -11,000 | -1,959,000 | 1,971,000 |
bin mountain windfarm (n.i.) limited Credit Report and Business Information
Bin Mountain Windfarm (n.i.) Limited Competitor Analysis
Perform a competitor analysis for bin mountain windfarm (n.i.) limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in BT3 area or any other competitors across 12 key performance metrics.
bin mountain windfarm (n.i.) limited Ownership
BIN MOUNTAIN WINDFARM (N.I.) LIMITED group structure
Bin Mountain Windfarm (N.I.) Limited has no subsidiary companies.
Ultimate parent company
NOVUSMODUS LLP
#0165891
2 parents
BIN MOUNTAIN WINDFARM (N.I.) LIMITED
NI048448
bin mountain windfarm (n.i.) limited directors
Bin Mountain Windfarm (N.I.) Limited currently has 6 directors. The longest serving directors include Mr Peter Donaldson (May 1961) and Mr Ramon Parra Esteso (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Donaldson | Unknown | May 1961 | - | Director | |
| Mr Ramon Parra Esteso | Northern Ireland | 47 years | May 2022 | - | Director |
| Mr Ramon Parra | 47 years | May 2022 | - | Director | |
| Mr Javier Serrano Alonso | United Kingdom | 46 years | May 2023 | - | Director |
| Mr Faheem Sheikh | England | 40 years | May 2023 | - | Director |
| Mr Javier Serrano Alonso | England | 46 years | May 2023 | - | Director |
P&L
December 2023turnover
2.8m
-36%
operating profit
1.5m
-55%
gross margin
38.5%
-23.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.9m
+2.22%
total assets
15.6m
+2.32%
cash
443k
-0.14%
net assets
Total assets minus all liabilities
Similar Companies
bin mountain windfarm (n.i.) limited company details
company number
NI048448
Type
Private limited with Share Capital
industry
35130 - Distribution of electricity
incorporation date
October 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SHIPLEYS LLP
address
unit 4, the legacy building, queens road, belfast, BT3 9DT
Bank
ULSTER BANK LTD
Legal Advisor
-
bin mountain windfarm (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 1 charges/mortgages relating to bin mountain windfarm (n.i.) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
bin mountain windfarm (n.i.) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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bin mountain windfarm (n.i.) limited Companies House Filings - See Documents
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