Cloughmore Shellfish Ltd

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cloughmore shellfish ltd Company Information

Live

EstablishedSmallDeclining

Company Number

NI053986

Website

Registered Address

64 pier road, greencastle, kilkeel, co.down, BT34 4LR

Industry

Marine fishing

Telephone

02841769208

Next Accounts Due

December 2024

Group Structure

View All

Directors

Brian Cunningham20 Years

Christina Sloan19 Years

Shareholders

brian cunningham 100%

cloughmore shellfish ltd Estimated Valuation

£674.9k

Pomanda estimates the enterprise value of CLOUGHMORE SHELLFISH LTD at £674.9k based on Net Assets of £367.6k and 1.84x industry multiple (adjusted for liquidity).

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Cloughmore Shellfish Ltd is a live company located in kilkeel, BT34 4LR with a Companies House number of NI053986. It operates in the marine fishing sector, SIC Code 03110. Founded in February 2005, it's largest shareholder is brian cunningham with a 100% stake. Cloughmore Shellfish Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Cloughmore Shellfish Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£17.6m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.9%)

EXPORT

Cloughmore Shellfish Ltd's latest turnover from March 2023 is estimated at £1.1 million and the company has net assets of £367.6 thousand. According to their latest financial statements, Cloughmore Shellfish Ltd has 1 employee and maintains cash reserves of 0 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	1,090,107	1,363,920	1,615,054	1,575,108	1,172,368	1,364,242	481,878	906,901	204,505	548,036	489,835	149,239	277,506	141,797
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	993,529	1,261,940	1,494,959	1,409,238	1,061,519	1,199,506	423,083	813,820	181,946	481,059	454,452	137,216	257,224	129,795
Gross Profit	96,577	101,979	120,095	165,870	110,849	164,736	58,795	93,081	22,559	66,977	35,383	12,023	20,283	12,002
Admin Expenses	209,222	255,209	-5,884	245,610	195,714	199,315	178,515	-372,146	164,852	-413	-479,799	-212,698	-48,625	28,569
Operating Profit	-112,645	-153,230	125,979	-79,740	-84,865	-34,579	-119,720	465,227	-142,293	67,390	515,182	224,721	68,908	-16,567
Interest Payable	0	0	0	0	0	0	0	3,293	4,707	1,415	2,660	8,086	8,298	2,872
Interest Receivable	0	0	0	0	0	0	87	210	681	1,319	968	304	16	6
Pre-Tax Profit	-112,645	-153,230	125,979	-79,740	-84,865	-34,579	-119,633	462,144	-146,319	67,295	513,489	216,938	60,626	-19,433
Tax	0	0	-23,936	0	0	0	0	-92,429	0	-15,478	-123,237	-56,404	-16,975	0
Profit After Tax	-112,645	-153,230	102,043	-79,740	-84,865	-34,579	-119,633	369,715	-146,319	51,817	390,252	160,534	43,651	-19,433
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-112,645	-153,230	102,043	-79,740	-84,865	-34,579	-119,633	369,715	-146,319	51,817	390,252	160,534	43,651	-19,433
Employee Costs	47,489	82,211	86,288	89,222	87,113	40,612	38,916	37,723	37,184	37,259	36,000	33,046	32,262	32,964
Number Of Employees	1	2	2	2	2	1	1	1	1	1	1	1	1	1
EBITDA*	-112,645	-153,230	125,979	-79,740	-84,865	-34,579	-119,720	495,229	-113,272	98,224	545,877	259,436	106,215	24,492

* 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	189,062	199,857	186,597	310,476	330,470	435,500	394,799	520,160	524,867	547,052	449,158	638,453	494,615	531,922
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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	189,062	199,857	186,597	310,476	330,470	435,500	394,799	520,160	524,867	547,052	449,158	638,453	494,615	531,922
Stock & work in progress	0	0	0	0	0	0	0	19,650	20,250	9,375	32,750	72,500	62,000	40,000
Trade Debtors	297,541	397,820	514,465	391,377	332,790	339,518	120,816	159,927	36,366	33,171	17,496	10,106	9,016	17,940
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	250,852	250,852	38,307	23,341	732	11,900	9,724	11,587
Cash	0	0	0	0	0	0	0	69,291	14,649	257,681	269,977	117,230	4,197	2,245
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	297,541	397,820	514,465	391,377	332,790	339,518	371,668	499,720	109,572	323,568	320,955	211,736	84,937	71,772
total assets	486,603	597,677	701,062	701,853	663,260	775,018	766,467	1,019,880	634,439	870,620	770,113	850,189	579,552	603,694
Bank overdraft	0	0	0	0	0	0	0	0	83,263	13,409	0	28,844	103,076	14,000
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	117,035	112,700	62,596	164,864	48,265	69,308	28,622	148,008	28,845	186,905	152,225	13,609	65,050	12,260
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	23,777	13,370	0	569,969	323,336	522,503
total current liabilities	117,035	112,700	62,596	164,864	48,265	69,308	28,622	148,008	135,885	213,684	152,225	612,422	491,462	548,763
loans	0	0	0	0	0	0	0	0	18,051	30,114	0	53,015	63,872	74,364
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	2,000	4,764	5,023	5,589	3,855	9,705	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	7,261	21,654	0	0	42,883	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,000	4,764	5,023	5,589	3,855	9,705	7,261	21,654	18,051	30,114	42,883	53,015	63,872	74,364
total liabilities	119,035	117,464	67,619	170,453	52,120	79,013	35,883	169,662	153,936	243,798	195,108	665,437	555,334	623,127
net assets	367,568	480,213	633,443	531,400	611,140	696,005	730,584	850,218	480,503	626,822	575,005	184,752	24,218	-19,433
total shareholders funds	367,568	480,213	633,443	531,400	611,140	696,005	730,584	850,218	480,503	626,822	575,005	184,752	24,218	-19,433

	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	-112,645	-153,230	125,979	-79,740	-84,865	-34,579	-119,720	465,227	-142,293	67,390	515,182	224,721	68,908	-16,567
Depreciation	0	0	0	0	0	0	0	30,002	29,021	30,834	30,695	34,715	37,307	41,059
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-23,936	0	0	0	0	-92,429	0	-15,478	-123,237	-56,404	-16,975	0
Stock	0	0	0	0	0	0	-19,650	-600	10,875	-23,375	-39,750	10,500	22,000	40,000
Debtors	-100,279	-116,645	123,088	58,587	-6,728	-32,150	-39,111	336,106	18,161	38,284	-3,778	3,266	-10,787	29,527
Creditors	4,335	50,104	-102,268	116,599	-21,043	40,686	-119,386	119,163	-158,060	34,680	138,616	-51,441	52,790	12,260
Accruals and Deferred Income	-2,764	-259	-566	1,734	-5,850	9,705	0	-23,777	10,407	13,370	-569,969	246,633	-199,167	522,503
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-10,795	13,260	-123,879	-19,994	-105,030	47,962	-180,345	162,680	-289,961	115,887	34,815	384,458	-68,350	489,728
Investing Activities
capital expenditure	10,795	-13,260	123,879	19,994	105,030	-40,701	125,361	-25,295	-6,836	-128,728	158,600	-178,553	0	-572,981
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	10,795	-13,260	123,879	19,994	105,030	-40,701	125,361	-25,295	-6,836	-128,728	158,600	-178,553	0	-572,981
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	-18,051	-12,063	30,114	-53,015	-10,857	-10,492	74,364
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	-7,261	-14,393	21,654	0	-42,883	42,883	0	0	0
share issue	0	0	0	0	0	0	-1	0	0	0	1	0	0	0
interest	0	0	0	0	0	0	87	-3,083	-4,026	-96	-1,692	-7,782	-8,282	-2,866
cash flow from financing	0	0	0	0	0	-7,261	-14,307	520	-16,089	-12,865	-11,823	-18,639	-18,774	71,498
cash and cash equivalents
cash	0	0	0	0	0	0	-69,291	54,642	-243,032	-12,296	152,747	113,033	1,952	2,245
overdraft	0	0	0	0	0	0	0	-83,263	69,854	13,409	-28,844	-74,232	89,076	14,000
change in cash	0	0	0	0	0	0	-69,291	137,905	-312,886	-25,705	181,591	187,265	-87,124	-11,755

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLOUGHMORE SHELLFISH LTD group structure

Cloughmore Shellfish Ltd has no subsidiary companies.

Ultimate parent company

CLOUGHMORE SHELLFISH LTD

NI053986

CLOUGHMORE SHELLFISH LTD Shareholders

brian cunningham

100%

Cloughmore Shellfish Ltd currently has 2 directors. The longest serving directors include Mr Brian Cunningham (Mar 2004) and Miss Christina Sloan (Mar 2005).

officer	country	age	start	end	role
Mr Brian Cunningham		57 years	Mar 2004	-	Director
Miss Christina Sloan		52 years	Mar 2005	-	Director

P&L

March 2023

turnover

1.1m

-20%

operating profit

-112.6k

gross margin

8.9%

+18.49%

turnover

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

Balance Sheet

March 2023

net assets

367.6k

-0.23%

total assets

486.6k

-0.19%

cash

net assets

Total assets minus all liabilities

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company number

NI053986

Type

Private limited with Share Capital

industry

03110 - Marine fishing

incorporation date

February 2005

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

perouse limited (February 2005)

incorporated

address

64 pier road, greencastle, kilkeel, co.down, BT34 4LR

last accounts submitted

March 2023

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 cloughmore shellfish ltd.

cloughmore shellfish ltd Company Information

cloughmore shellfish ltd Estimated Valuation

cloughmore shellfish ltd Estimated Valuation

cloughmore shellfish ltd Estimated Valuation

Cloughmore Shellfish Ltd Overview

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CLOUGHMORE SHELLFISH LTD financials

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cloughmore shellfish ltd Ownership

cloughmore shellfish ltd directors

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