glenlough developments limited
glenlough developments limited Company Information
Company Number
NI049396
Next Accounts
Sep 2025
Shareholders
boreal ltd
leslie warren
Group Structure
View All
Industry
Development of building projects
Registered Address
carn industrial park, carn industrial park, portadown, armagh, BT63 5RH
Website
-glenlough developments limited Estimated Valuation
Pomanda estimates the enterprise value of GLENLOUGH DEVELOPMENTS LIMITED at £126.4k based on a Turnover of £263.7k and 0.48x industry multiple (adjusted for size and gross margin).
glenlough developments limited Estimated Valuation
Pomanda estimates the enterprise value of GLENLOUGH DEVELOPMENTS LIMITED at £193.4k based on an EBITDA of £51k and a 3.79x industry multiple (adjusted for size and gross margin).
glenlough developments limited Estimated Valuation
Pomanda estimates the enterprise value of GLENLOUGH DEVELOPMENTS LIMITED at £0 based on Net Assets of £-394.3k and 1.41x industry multiple (adjusted for liquidity).
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Glenlough Developments Limited Overview
Glenlough Developments Limited is a live company located in portadown, BT63 5RH with a Companies House number of NI049396. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2004, it's largest shareholder is boreal ltd with a 70% stake. Glenlough Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £263.7k with rapid growth in recent years.
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Glenlough Developments Limited Health Check
Pomanda's financial health check has awarded Glenlough Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £263.7k, make it smaller than the average company (£2.5m)
- Glenlough Developments Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (4.8%)
- Glenlough Developments Limited
4.8% - Industry AVG
Production
with a gross margin of 27.2%, this company has a comparable cost of product (27.2%)
- Glenlough Developments Limited
27.2% - Industry AVG
Profitability
an operating margin of 19.4% make it more profitable than the average company (6.9%)
- Glenlough Developments Limited
6.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - Glenlough Developments Limited
7 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
- Glenlough Developments Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £131.9k, this is less efficient (£289.8k)
- Glenlough Developments Limited
£289.8k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is near the average (28 days)
- Glenlough Developments Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (31 days)
- Glenlough Developments Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Glenlough Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (12 weeks)
6 weeks - Glenlough Developments Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 152%, this is a higher level of debt than the average (73.5%)
152% - Glenlough Developments Limited
73.5% - Industry AVG
GLENLOUGH DEVELOPMENTS LIMITED financials
Glenlough Developments Limited's latest turnover from December 2023 is estimated at £263.7 thousand and the company has net assets of -£394.3 thousand. According to their latest financial statements, Glenlough Developments Limited has 2 employees and maintains cash reserves of £146.2 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 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | ||||||||||||
| EBITDA* |
* 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 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 584,348 | 584,348 | 584,348 | 584,348 | 597,790 | 611,232 | 624,674 | 638,116 | 651,558 | 169,025 | 172,547 | ||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 584,348 | 584,348 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 584,348 | 584,348 | 584,348 | 584,348 | 584,348 | 584,348 | 597,790 | 611,232 | 624,674 | 638,116 | 651,558 | 169,025 | 172,547 | ||
| Stock & work in progress | 495,975 | 646,297 | 860,000 | 1,116,084 | |||||||||||
| Trade Debtors | 24,034 | 12,451 | 7,800 | 10,778 | 11,009 | 8,479 | 13,779 | 4,729 | 10,929 | 148,897 | 153,265 | 149,570 | 109,066 | 99,493 | 13,887 |
| Group Debtors | 44,995 | 44,995 | 144,418 | 144,418 | 144,418 | ||||||||||
| Misc Debtors | 3,092 | 2,729 | 1,705 | 1,705 | 1,683 | 1,897 | 1,610 | ||||||||
| Cash | 146,232 | 167,094 | 167,715 | 128,123 | 40,621 | 1,802 | 807 | 1,171 | 3,966 | 3 | 4,896 | ||||
| misc current assets | |||||||||||||||
| total current assets | 173,358 | 182,274 | 177,220 | 140,606 | 98,308 | 57,173 | 159,004 | 151,928 | 155,347 | 148,897 | 157,231 | 645,548 | 760,259 | 959,493 | 1,129,971 |
| total assets | 757,706 | 766,622 | 761,568 | 724,954 | 682,656 | 641,521 | 756,794 | 763,160 | 780,021 | 787,013 | 808,789 | 814,573 | 932,806 | 959,493 | 1,129,971 |
| Bank overdraft | 98,731 | 98,731 | 98,731 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 780 | 960 | 2,419 | 672,807 | 622,860 | 544,374 | 465,432 | 1,291,743 | 1,224,749 | ||||||
| Group/Directors Accounts | 1,130,106 | 1,187,946 | 1,217,946 | 1,217,946 | 1,224,050 | 1,223,550 | 866,262 | 675,318 | 615,858 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 21,094 | 17,389 | 22,396 | 20,521 | 20,155 | 13,050 | 11,088 | 8,541 | 9,208 | ||||||
| total current liabilities | 1,151,980 | 1,205,335 | 1,240,342 | 1,239,427 | 1,244,205 | 1,239,019 | 976,081 | 782,590 | 723,797 | 672,807 | 622,860 | 544,374 | 465,432 | 1,291,743 | 1,224,749 |
| loans | 383,968 | 571,302 | 624,160 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 681,429 | 735,645 | 789,523 | 840,048 | |||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 383,968 | 571,302 | 624,160 | 681,429 | 735,645 | 789,523 | 840,048 | ||||||||
| total liabilities | 1,151,980 | 1,205,335 | 1,240,342 | 1,239,427 | 1,244,205 | 1,239,019 | 1,360,049 | 1,353,892 | 1,347,957 | 1,354,236 | 1,358,505 | 1,333,897 | 1,305,480 | 1,291,743 | 1,224,749 |
| net assets | -394,274 | -438,713 | -478,774 | -514,473 | -561,549 | -597,498 | -603,255 | -590,732 | -567,936 | -567,223 | -549,716 | -519,324 | -372,674 | -332,250 | -94,778 |
| total shareholders funds | -394,274 | -438,713 | -478,774 | -514,473 | -561,549 | -597,498 | -603,255 | -590,732 | -567,936 | -567,223 | -549,716 | -519,324 | -372,674 | -332,250 | -94,778 |
| Dec 2023 | 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 | |||||||||||||||
| Depreciation | 13,442 | 13,442 | 13,442 | 13,442 | 13,442 | 13,442 | 3,522 | 3,522 | |||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -495,975 | -150,322 | -213,703 | -256,084 | 1,116,084 | ||||||||||
| Debtors | 11,946 | 5,675 | -2,978 | -45,204 | 2,316 | -102,826 | 7,440 | -4,590 | 6,450 | -4,368 | 3,695 | 40,504 | 9,573 | 85,606 | 13,887 |
| Creditors | 780 | -960 | 960 | -2,419 | 2,419 | -672,807 | 49,947 | 78,486 | 78,942 | -826,311 | 66,994 | 1,224,749 | |||
| Accruals and Deferred Income | 3,705 | -5,007 | 1,875 | 366 | 7,105 | 1,962 | 2,547 | -667 | 9,208 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -584,348 | 584,348 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -57,840 | -30,000 | -6,104 | 500 | 357,288 | 190,944 | 59,460 | 615,858 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -383,968 | -187,334 | -52,858 | 624,160 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -681,429 | -54,216 | -53,878 | -50,525 | 840,048 | ||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -20,862 | -621 | 39,592 | 87,502 | 38,819 | 995 | -364 | 1,171 | -3,966 | 3,963 | -4,893 | 4,896 | |||
| overdraft | -98,731 | 98,731 | |||||||||||||
| change in cash | -20,862 | -621 | 39,592 | 87,502 | 38,819 | 99,726 | -364 | 1,171 | -98,731 | -3,966 | 3,963 | -4,893 | 4,896 |
glenlough developments limited Credit Report and Business Information
Glenlough Developments Limited Competitor Analysis
Perform a competitor analysis for glenlough developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in BT63 area or any other competitors across 12 key performance metrics.
glenlough developments limited Ownership
GLENLOUGH DEVELOPMENTS LIMITED group structure
Glenlough Developments Limited has no subsidiary companies.
glenlough developments limited directors
Glenlough Developments Limited currently has 2 directors. The longest serving directors include Mr Noel Eakin (Apr 2004) and Mr Leslie Warren (Apr 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Noel Eakin | United Kingdom | 75 years | Apr 2004 | - | Director |
| Mr Leslie Warren | United Kingdom | 72 years | Apr 2004 | - | Director |
P&L
December 2023turnover
263.7k
-16%
operating profit
51k
0%
gross margin
27.2%
+2.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-394.3k
-0.1%
total assets
757.7k
-0.01%
cash
146.2k
-0.12%
net assets
Total assets minus all liabilities
Similar Companies
glenlough developments limited company details
company number
NI049396
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2004
age
21
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
caskum properties limited (May 2004)
accountant
-
auditor
-
address
carn industrial park, carn industrial park, portadown, armagh, BT63 5RH
Bank
NORTHERN BANK LTD
Legal Advisor
-
glenlough developments 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 4 charges/mortgages relating to glenlough developments limited. Currently there are 4 open charges and 0 have been satisfied in the past.
glenlough developments 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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glenlough developments limited Companies House Filings - See Documents
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