Armstrong Meats Limited

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armstrong meats limited Company Information

Live

MatureSmallHealthy

Company Number

NI049407

Next Accounts

Dec 2024

Industry

Production of meat and poultry meat products

Directors

Stephen Armstrong

Christopher Armstrong

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Shareholders

william george armstrong

william george jnr

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Group Structure

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Contact

Registered Address

64 lisnabreeny road, belfast, BT6 9SR

Website

www.armstrongmeats.com

armstrong meats limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of ARMSTRONG MEATS LIMITED at £2m based on Net Assets of £946.7k and 2.09x industry multiple (adjusted for liquidity).

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Armstrong Meats Limited is a live company located in belfast, BT6 9SR with a Companies House number of NI049407. It operates in the production of meat and poultry meat products sector, SIC Code 10130. Founded in January 2004, it's largest shareholder is william george armstrong with a 40% stake. Armstrong Meats Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Armstrong Meats Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£27.5m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.4%)

EXPORT

Armstrong Meats Limited's latest turnover from March 2023 is estimated at £2.2 million and the company has net assets of £946.7 thousand. According to their latest financial statements, Armstrong Meats Limited has 30 employees and maintains cash reserves of £429.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,190,531	1,910,658	2,004,149	1,935,413	2,728,903	2,668,487	1,978,042	1,641,577	293,790	2,369,510	1,312,924	2,017,568	3,623,175	3,914,256
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,966,124	1,736,130	1,828,411	1,747,348	2,487,026	2,445,781	1,779,287	1,483,742	265,151	2,147,586	1,178,842	1,818,145	2,995,561	3,258,066
Gross Profit	224,407	174,529	175,738	188,065	241,877	222,706	198,755	157,835	28,639	221,924	134,082	199,422	627,614	656,190
Admin Expenses	192,617	123,842	42,621	112,176	182,105	114,760	99,600	52,970	-78,305	289,191	100,399	170,587	551,093	578,894
Operating Profit	31,790	50,687	133,117	75,889	59,772	107,946	99,155	104,865	106,944	-67,267	33,683	28,835	76,521	77,296
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	16,356	13,431
Interest Receivable	18,178	3,166	392	318	2,069	1,433	672	915	308	524	971	892	0	0
Pre-Tax Profit	49,968	53,853	133,509	76,206	61,841	109,379	99,828	105,780	107,252	-66,743	34,654	29,727	60,165	63,865
Tax	-9,494	-10,232	-25,367	-14,479	-11,750	-20,782	-19,965	-21,156	-22,523	0	-8,317	-7,729	-12,881	-13,802
Profit After Tax	40,474	43,621	108,142	61,727	50,091	88,597	79,862	84,624	84,729	-66,743	26,337	21,998	47,284	50,063
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	40,474	43,621	108,142	61,727	50,091	88,597	79,862	84,624	84,729	-66,743	26,337	21,998	47,284	50,063
Employee Costs	934,549	846,575	896,118	814,746	777,256	775,000	602,379	148,730	24,017	188,677	117,517	160,033	298,571	322,228
Number Of Employees	30	30	32	30	29	31	24	6	1	8	5	7	13	14
EBITDA*	31,790	125,923	133,117	75,889	59,772	107,946	99,155	105,162	106,944	-65,501	42,365	39,035	86,719	86,866

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,797	5,797	7,563	16,245	26,445	22,373
Intangible Assets	0	0	0	0	0	0	0	0	0	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)	602,774	561,047	585,552	516,709	0	0	0	0	378,463	0	0	0	0	0
Total Fixed Assets	608,274	566,547	591,052	522,209	5,500	5,500	5,500	5,500	384,260	5,797	7,563	16,245	26,445	22,373
Stock & work in progress	55,500	38,500	38,500	38,500	38,500	41,750	43,000	42,500	31,750	50,000	49,500	48,000	48,285	55,000
Trade Debtors	0	0	0	0	573,430	563,804	403,963	375,728	0	525,044	266,461	383,764	399,950	358,502
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	429,496	425,916	418,274	365,002	270,083	281,522	291,741	246,108	119,746	3,404	206,284	182,176	174,468	150,508
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	484,996	464,416	456,774	403,502	882,013	887,076	738,704	664,336	151,496	578,448	522,245	613,940	622,703	564,010
total assets	1,093,270	1,030,963	1,047,826	925,711	887,513	892,576	744,204	669,836	535,756	584,245	529,808	630,185	649,148	586,383
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	146,586	124,753	185,237	171,264	194,793	249,947	190,172	195,666	0	279,428	158,248	284,962	325,932	296,649
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	146,586	124,753	185,237	171,264	194,793	249,947	190,172	195,666	0	279,428	158,248	284,962	325,932	296,649
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	146,210	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	146,210	0	0	0	0	0
total liabilities	146,586	124,753	185,237	171,264	194,793	249,947	190,172	195,666	146,210	279,428	158,248	284,962	325,932	296,649
net assets	946,684	906,210	862,589	754,447	692,720	642,629	554,032	474,170	389,546	304,817	371,560	345,223	323,216	289,734
total shareholders funds	946,684	906,210	862,589	754,447	692,720	642,629	554,032	474,170	389,546	304,817	371,560	345,223	323,216	289,734

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	31,790	50,687	133,117	75,889	59,772	107,946	99,155	104,865	106,944	-67,267	33,683	28,835	76,521	77,296
Depreciation	0	75,236	0	0	0	0	0	297	0	1,766	8,682	10,200	10,198	9,570
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,494	-10,232	-25,367	-14,479	-11,750	-20,782	-19,965	-21,156	-22,523	0	-8,317	-7,729	-12,881	-13,802
Stock	17,000	0	0	0	-3,250	-1,250	500	10,750	-18,250	500	1,500	-285	-6,715	55,000
Debtors	41,727	-24,505	68,843	-56,721	9,626	159,841	28,235	-2,735	-146,581	258,583	-117,303	-16,186	41,448	358,502
Creditors	21,833	-60,484	13,973	-23,529	-55,154	59,775	-5,494	195,666	-279,428	121,180	-126,714	-40,970	29,283	296,649
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-14,598	79,712	52,880	94,602	-13,508	-11,652	44,961	271,657	-30,176	-203,404	23,137	6,807	68,388	-43,789
Investing Activities
capital expenditure	0	-75,236	0	0	0	0	0	0	0	0	0	0	-14,270	-31,943
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-75,236	0	0	0	0	0	0	0	0	0	0	-14,270	-31,943
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	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	-146,210	146,210	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	9	-13,802	239,671
interest	18,178	3,166	392	318	2,069	1,433	672	915	308	524	971	892	-16,356	-13,431
cash flow from financing	18,178	3,166	392	318	2,069	1,433	672	-145,295	146,518	524	971	901	-30,158	226,240
cash and cash equivalents
cash	3,580	7,642	53,272	94,919	-11,439	-10,219	45,633	126,362	116,342	-202,880	24,108	7,708	23,960	150,508
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	3,580	7,642	53,272	94,919	-11,439	-10,219	45,633	126,362	116,342	-202,880	24,108	7,708	23,960	150,508

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARMSTRONG MEATS LIMITED group structure

Armstrong Meats Limited has no subsidiary companies.

Ultimate parent company

ARMSTRONG MEATS LIMITED

NI049407

ARMSTRONG MEATS LIMITED Shareholders

william george armstrong	40%
william george jnr	20%
stephen armstrong	20%
philip armstrong	20%

Armstrong Meats Limited currently has 4 directors. The longest serving directors include Mr Stephen Armstrong (Apr 2004) and Mr Christopher Armstrong (Apr 2004).

officer	country	age	start	end	role
Mr Stephen Armstrong		57 years	Apr 2004	-	Director
Mr Christopher Armstrong		58 years	Apr 2004	-	Director
Mr William Armstrong	Northern Ireland	58 years	Apr 2004	-	Director
Mr William Armstrong		83 years	Apr 2004	-	Director

P&L

March 2023

turnover

2.2m

+15%

operating profit

31.8k

gross margin

10.3%

+12.15%

turnover

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

Balance Sheet

March 2023

net assets

946.7k

+0.04%

total assets

1.1m

+0.06%

cash

429.5k

+0.01%

net assets

Total assets minus all liabilities

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company number

NI049407

Type

Private limited with Share Capital

industry

10130 - Production of meat and poultry meat products

incorporation date

January 2004

ultimate parent company

None

previous names

killaney trading limited (March 2004)

address

64 lisnabreeny road, belfast, BT6 9SR

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

armstrong meats limited Company Information

armstrong meats limited Estimated Valuation

armstrong meats limited Estimated Valuation

armstrong meats limited Estimated Valuation

Armstrong Meats Limited Overview

Armstrong Meats Limited Health Check

ARMSTRONG MEATS LIMITED financials

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