northern ireland water alpha limited
northern ireland water alpha limited Company Information
Company Number
NI050159
Next Accounts
Dec 2025
Shareholders
ni water clear limited
Group Structure
View All
Industry
Water collection, treatment and supply
Registered Address
dunore point water treatment wor, 9 dunore road, crumlin, county antrim, BT29 4DZ
Website
-northern ireland water alpha limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN IRELAND WATER ALPHA LIMITED at £16.3m based on a Turnover of £10.6m and 1.54x industry multiple (adjusted for size and gross margin).
northern ireland water alpha limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN IRELAND WATER ALPHA LIMITED at £0 based on an EBITDA of £-3.1m and a 6.65x industry multiple (adjusted for size and gross margin).
northern ireland water alpha limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN IRELAND WATER ALPHA LIMITED at £0 based on Net Assets of £-9.8m and 2.68x industry multiple (adjusted for liquidity).
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Northern Ireland Water Alpha Limited Overview
Northern Ireland Water Alpha Limited is a live company located in crumlin, BT29 4DZ with a Companies House number of NI050159. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in April 2004, it's largest shareholder is ni water clear limited with a 100% stake. Northern Ireland Water Alpha Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.6m with healthy growth in recent years.
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Northern Ireland Water Alpha Limited Health Check
Pomanda's financial health check has awarded Northern Ireland Water Alpha Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £10.6m, make it smaller than the average company (£21.5m)
£10.6m - Northern Ireland Water Alpha Limited
£21.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.3%)
7% - Northern Ireland Water Alpha Limited
6.3% - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
26.4% - Northern Ireland Water Alpha Limited
26.4% - Industry AVG
Profitability
an operating margin of -31.1% make it less profitable than the average company (7%)
-31.1% - Northern Ireland Water Alpha Limited
7% - Industry AVG
Employees
with 31 employees, this is below the industry average (112)
31 - Northern Ireland Water Alpha Limited
112 - Industry AVG
Pay Structure
on an average salary of £64k, the company has a higher pay structure (£49.3k)
£64k - Northern Ireland Water Alpha Limited
£49.3k - Industry AVG
Efficiency
resulting in sales per employee of £341.5k, this is more efficient (£263.1k)
£341.5k - Northern Ireland Water Alpha Limited
£263.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Northern Ireland Water Alpha Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (32 days)
28 days - Northern Ireland Water Alpha Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Northern Ireland Water Alpha Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (11 weeks)
4 weeks - Northern Ireland Water Alpha Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 282.8%, this is a higher level of debt than the average (79.2%)
282.8% - Northern Ireland Water Alpha Limited
79.2% - Industry AVG
NORTHERN IRELAND WATER ALPHA LIMITED financials
Northern Ireland Water Alpha Limited's latest turnover from March 2024 is £10.6 million and the company has net assets of -£9.8 million. According to their latest financial statements, Northern Ireland Water Alpha Limited has 31 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 10,588,000 | 9,408,000 | 8,714,000 | 8,548,000 | 7,792,000 | 7,807,000 | 7,945,000 | 7,876,000 | 7,335,000 | 7,201,000 | 6,675,000 | 6,393,000 | 6,863,000 | 5,851,000 | 5,921,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -3,296,000 | -3,295,000 | 128,000 | 760,000 | 116,000 | -186,000 | -599,000 | 190,000 | 16,000 | 54,000 | -454,000 | -769,000 | -892,000 | -1,383,000 | -1,812,000 |
| Interest Payable | 551,000 | 223,000 | 45,000 | 42,000 | 78,000 | 59,000 | 21,000 | 17,000 | 10,000 | 5,000 | 2,000 | 2,000 | |||
| Interest Receivable | 43,000 | 9,000 | 1,000 | 2,000 | 10,000 | ||||||||||
| Pre-Tax Profit | -3,804,000 | -3,509,000 | 83,000 | 718,000 | 38,000 | -246,000 | -620,000 | 173,000 | 6,000 | 49,000 | -456,000 | -771,000 | -491,000 | -1,381,000 | -1,802,000 |
| Tax | -67,000 | -33,000 | 68,000 | -137,000 | 11,000 | 46,000 | 102,000 | -2,000 | -15,000 | -1,000 | -4,000 | 168,000 | 166,000 | 521,000 | 230,000 |
| Profit After Tax | -3,871,000 | -3,542,000 | 151,000 | 581,000 | 49,000 | -200,000 | -518,000 | 171,000 | -9,000 | 48,000 | -460,000 | -603,000 | -325,000 | -860,000 | -1,572,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -3,871,000 | -3,542,000 | 151,000 | 581,000 | 49,000 | -200,000 | -518,000 | 171,000 | -9,000 | 48,000 | -460,000 | -603,000 | -325,000 | -860,000 | -1,572,000 |
| Employee Costs | 1,985,000 | 1,711,000 | 1,614,000 | 1,583,000 | 1,596,000 | 1,596,000 | 1,559,000 | 1,448,000 | 1,314,000 | 1,262,000 | 1,234,000 | 1,272,000 | 1,356,000 | 1,155,000 | 1,084,000 |
| Number Of Employees | 31 | 28 | 29 | 30 | 30 | 30 | 30 | 30 | 27 | 29 | 29 | 29 | 31 | 30 | 27 |
| EBITDA* | -3,112,000 | -3,120,000 | 313,000 | 944,000 | 249,000 | -159,000 | -581,000 | 192,000 | 16,000 | 56,000 | -444,000 | -759,000 | -882,000 | -1,375,000 | -1,812,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 184,000 | 161,000 | 315,000 | 487,000 | 631,000 | 635,000 | 477,000 | 42,000 | 9,000 | 9,000 | 11,000 | 12,000 | 22,000 | 32,000 | 40,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 20,000 | 29,000 | |||||||||||||
| Total Fixed Assets | 184,000 | 161,000 | 315,000 | 487,000 | 631,000 | 635,000 | 477,000 | 42,000 | 9,000 | 29,000 | 40,000 | 12,000 | 22,000 | 32,000 | 40,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 775,000 | 953,000 | 610,000 | 627,000 | 496,000 | 534,000 | 934,000 | ||||||||
| Group Debtors | 3,486,000 | 6,696,000 | 7,633,000 | 5,810,000 | 3,637,000 | 3,584,000 | 3,277,000 | 252,000 | 124,000 | 234,000 | |||||
| Misc Debtors | 449,000 | 493,000 | 332,000 | 240,000 | 440,000 | 389,000 | 377,000 | 1,265,000 | 707,000 | 390,000 | 387,000 | 498,000 | 484,000 | 789,000 | 1,437,000 |
| Cash | 1,266,000 | 192,000 | 870,000 | 805,000 | 1,251,000 | 837,000 | 603,000 | 1,332,000 | |||||||
| misc current assets | |||||||||||||||
| total current assets | 5,201,000 | 7,381,000 | 8,835,000 | 6,855,000 | 5,328,000 | 4,810,000 | 4,257,000 | 2,040,000 | 1,660,000 | 1,000,000 | 1,266,000 | 1,118,000 | 1,252,000 | 1,723,000 | 2,769,000 |
| total assets | 5,385,000 | 7,542,000 | 9,150,000 | 7,342,000 | 5,959,000 | 5,445,000 | 4,734,000 | 2,082,000 | 1,669,000 | 1,029,000 | 1,306,000 | 1,130,000 | 1,274,000 | 1,755,000 | 2,809,000 |
| Bank overdraft | 15,000 | 40,000 | 12,000 | 2,000 | 92,000 | 5,000 | 61,000 | ||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 617,000 | 684,000 | 248,000 | 297,000 | 580,000 | 561,000 | 2,295,000 | 948,000 | 1,266,000 | 1,095,000 | 863,000 | 836,000 | 751,000 | 748,000 | 293,000 |
| Group/Directors Accounts | 12,345,000 | 11,046,000 | 10,031,000 | 8,742,000 | 7,536,000 | 7,486,000 | 5,153,000 | 2,858,000 | 1,134,000 | 581,000 | |||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 120,000 | 25,000 | 49,000 | 47,000 | 48,000 | ||||||||||
| other current liabilities | 2,051,000 | 1,748,000 | 1,224,000 | 770,000 | 875,000 | 608,000 | 296,000 | 753,000 | 1,892,000 | 1,995,000 | 3,143,000 | 2,444,000 | 2,157,000 | 2,260,000 | 2,970,000 |
| total current liabilities | 15,133,000 | 13,503,000 | 11,552,000 | 9,856,000 | 9,039,000 | 8,655,000 | 7,744,000 | 4,574,000 | 4,332,000 | 3,683,000 | 4,008,000 | 3,372,000 | 2,913,000 | 3,069,000 | 3,263,000 |
| loans | |||||||||||||||
| hp & lease commitments | 94,000 | 10,000 | 27,000 | 66,000 | 81,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 94,000 | 10,000 | 27,000 | 66,000 | 81,000 | ||||||||||
| total liabilities | 15,227,000 | 13,513,000 | 11,579,000 | 9,922,000 | 9,120,000 | 8,655,000 | 7,744,000 | 4,574,000 | 4,332,000 | 3,683,000 | 4,008,000 | 3,372,000 | 2,913,000 | 3,069,000 | 3,263,000 |
| net assets | -9,842,000 | -5,971,000 | -2,429,000 | -2,580,000 | -3,161,000 | -3,210,000 | -3,010,000 | -2,492,000 | -2,663,000 | -2,654,000 | -2,702,000 | -2,242,000 | -1,639,000 | -1,314,000 | -454,000 |
| total shareholders funds | -9,842,000 | -5,971,000 | -2,429,000 | -2,580,000 | -3,161,000 | -3,210,000 | -3,010,000 | -2,492,000 | -2,663,000 | -2,654,000 | -2,702,000 | -2,242,000 | -1,639,000 | -1,314,000 | -454,000 |
| Mar 2024 | 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 | -3,296,000 | -3,295,000 | 128,000 | 760,000 | 116,000 | -186,000 | -599,000 | 190,000 | 16,000 | 54,000 | -454,000 | -769,000 | -892,000 | -1,383,000 | -1,812,000 |
| Depreciation | 184,000 | 175,000 | 185,000 | 184,000 | 133,000 | 27,000 | 18,000 | 2,000 | 2,000 | 10,000 | 10,000 | 10,000 | 8,000 | ||
| Amortisation | |||||||||||||||
| Tax | -67,000 | -33,000 | 68,000 | -137,000 | 11,000 | 46,000 | 102,000 | -2,000 | -15,000 | -1,000 | -4,000 | 168,000 | 166,000 | 521,000 | 230,000 |
| Stock | |||||||||||||||
| Debtors | -3,254,000 | -776,000 | 1,915,000 | 1,973,000 | 104,000 | 319,000 | 1,614,000 | 380,000 | 640,000 | -275,000 | 177,000 | -134,000 | -471,000 | 286,000 | 1,437,000 |
| Creditors | -67,000 | 436,000 | -49,000 | -283,000 | 19,000 | -1,734,000 | 1,347,000 | -318,000 | 171,000 | 232,000 | 27,000 | 85,000 | 3,000 | 455,000 | 293,000 |
| Accruals and Deferred Income | 303,000 | 524,000 | 454,000 | -105,000 | 267,000 | 312,000 | -457,000 | -1,139,000 | -103,000 | -1,148,000 | 699,000 | 287,000 | -103,000 | -710,000 | 2,970,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 311,000 | -1,417,000 | -1,129,000 | -1,554,000 | 442,000 | -1,854,000 | -1,203,000 | -1,647,000 | -571,000 | -586,000 | 101,000 | -85,000 | -345,000 | -1,395,000 | 244,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,299,000 | 1,015,000 | 1,289,000 | 1,206,000 | 50,000 | 2,333,000 | 2,295,000 | 1,724,000 | 553,000 | 581,000 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 179,000 | -41,000 | -37,000 | -16,000 | 129,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -508,000 | -214,000 | -45,000 | -42,000 | -78,000 | -59,000 | -21,000 | -17,000 | -10,000 | -5,000 | -2,000 | -2,000 | 1,000 | 2,000 | 10,000 |
| cash flow from financing | 970,000 | 760,000 | 1,207,000 | 1,148,000 | 101,000 | 2,274,000 | 2,274,000 | 1,707,000 | 543,000 | 576,000 | -2,000 | -2,000 | 1,000 | 2,000 | 1,128,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,074,000 | -678,000 | 65,000 | -446,000 | 414,000 | 234,000 | 603,000 | -1,332,000 | 1,332,000 | ||||||
| overdraft | -15,000 | -25,000 | 28,000 | 10,000 | -90,000 | 87,000 | -56,000 | 61,000 | |||||||
| change in cash | 1,074,000 | -678,000 | 65,000 | -446,000 | 414,000 | 234,000 | 618,000 | 25,000 | -28,000 | -10,000 | 90,000 | -87,000 | 56,000 | -1,393,000 | 1,332,000 |
northern ireland water alpha limited Credit Report and Business Information
Northern Ireland Water Alpha Limited Competitor Analysis
Perform a competitor analysis for northern ireland water alpha limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in BT29 area or any other competitors across 12 key performance metrics.
northern ireland water alpha limited Ownership
NORTHERN IRELAND WATER ALPHA LIMITED group structure
Northern Ireland Water Alpha Limited has no subsidiary companies.
Ultimate parent company
DEPARTMENT FOR INFRASTRUCTURE
#0054532
2 parents
NORTHERN IRELAND WATER ALPHA LIMITED
NI050159
northern ireland water alpha limited directors
Northern Ireland Water Alpha Limited currently has 2 directors. The longest serving directors include Mr Ronan Larkin (Nov 2017) and Mrs Sara Venning (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ronan Larkin | Northern Ireland | 59 years | Nov 2017 | - | Director |
| Mrs Sara Venning | 52 years | Nov 2017 | - | Director |
P&L
March 2024turnover
10.6m
+13%
operating profit
-3.3m
0%
gross margin
26.5%
-8.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-9.8m
+0.65%
total assets
5.4m
-0.29%
cash
1.3m
+5.59%
net assets
Total assets minus all liabilities
northern ireland water alpha limited company details
company number
NI050159
Type
Private limited with Share Capital
industry
36000 - Water collection, treatment and supply
incorporation date
April 2004
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
kelda water services (alpha) limited (November 2017)
dalriada water services limited (March 2010)
See moreaccountant
-
auditor
KPMG
address
dunore point water treatment wor, 9 dunore road, crumlin, county antrim, BT29 4DZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
northern ireland water alpha 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 did not find charges/mortgages relating to northern ireland water alpha limited.
northern ireland water alpha 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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northern ireland water alpha limited Companies House Filings - See Documents
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