Ace Fixings Ltd

POWER SEARCH PRICING

SOLUTIONS

ace fixings ltd Company Information

Live

EstablishedMidLow

Company Number

NI055683

Website

www.acefixings.com

Registered Address

woodside industrial est, woodside road, ballymena, BT42 4HX

Industry

Wholesale of wood, construction materials and sanitary equipment

Telephone

02825655057

Next Accounts Due

September 2025

Group Structure

View All

Directors

Austin McGillian19 Years

Deirdre McGillian19 Years

Shareholders

asa mcgillian 65%

deirdre mcgillian 15%

View All

ace fixings ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of ACE FIXINGS LTD at £2.1m based on a Turnover of £5.6m and 0.37x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Ace Fixings Ltd is a live company located in ballymena, BT42 4HX with a Companies House number of NI055683. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in June 2005, it's largest shareholder is asa mcgillian with a 65% stake. Ace Fixings Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.6m with low growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Ace Fixings Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £5.6m, make it smaller than the average company (£20.6m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.9%)

EXPORT

Ace Fixings Ltd's latest turnover from December 2023 is estimated at £5.6 million and the company has net assets of £961.5 thousand. According to their latest financial statements, Ace Fixings Ltd has 31 employees and maintains cash reserves of £10.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	5,649,922	5,743,036	5,503,558	5,175,078	5,055,135	6,006,949	5,546,508	5,641,048	6,074,747	5,938,761	5,843,484	5,603,202	5,791,830	4,744,113	6,006,868
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,259,150	4,320,712	4,084,136	3,850,411	3,788,581	4,599,479	4,161,031	4,231,545	4,609,230	4,512,334	4,352,125	4,301,331	4,411,082	3,189,151	3,949,958
Gross Profit	1,390,771	1,422,324	1,419,422	1,324,666	1,266,554	1,407,471	1,385,477	1,409,503	1,465,517	1,426,427	1,491,359	1,301,871	1,380,749	1,554,962	2,056,910
Admin Expenses	1,436,728	1,254,477	1,236,014	1,236,810	1,547,689	1,459,390	1,389,224	1,412,639	1,495,756	1,461,927	1,525,650	1,411,211	1,416,491	1,442,174	1,912,247
Operating Profit	-45,957	167,847	183,408	87,856	-281,135	-51,919	-3,747	-3,136	-30,239	-35,500	-34,291	-109,340	-35,742	112,788	144,663
Interest Payable	32,601	20,280	11,160	15,581	16,515	19,647	27,751	14,557	0	0	0	0	36,554	80,945	44,391
Interest Receivable	727	563	49	21	103	51	80	381	443	504	569	722	1,354	4,250	3,983
Pre-Tax Profit	-77,832	148,130	172,298	72,296	-297,547	-71,516	-31,418	-17,312	-29,796	-34,996	-33,722	-108,618	-70,942	22,039	93,875
Tax	0	-28,145	-32,737	-13,736	0	0	0	0	0	0	0	0	0	2,338	-20,872
Profit After Tax	-77,832	119,985	139,561	58,560	-297,547	-71,516	-31,418	-17,312	-29,796	-34,996	-33,722	-108,618	-70,942	24,377	73,003
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-77,832	119,985	139,561	58,560	-297,547	-71,516	-31,418	-17,312	-29,796	-34,996	-33,722	-108,618	-70,942	24,377	73,003
Employee Costs	1,299,293	1,458,837	1,182,088	1,471,867	1,424,883	1,413,290	1,504,466	1,578,513	762,977	701,013	719,666	654,574	671,522	1,050,063	1,118,988
Number Of Employees	31	36	30	40	40	41	44	47	23	22	23	21	22	50	56
EBITDA*	-27,859	180,372	199,798	114,463	-232,278	-3,977	37,120	45,079	42,839	47,737	46,787	584	93,928	260,626	323,892

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	37,513	50,389	40,673	83,571	105,631	145,513	184,439	140,437	168,215	205,427	195,403	246,513	337,830	391,145	499,620
Intangible Assets	4,500	9,000	13,500	18,000	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	38,694	13,237	52,170	68,190	81,927	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	281,667	266,860	0	289,735	0	0	0	0	450,000	450,000	450,000	450,000	450,000	0	0
Total Fixed Assets	362,374	339,486	106,343	459,496	187,558	145,513	184,439	140,437	618,215	655,427	645,403	696,513	787,830	391,145	499,620
Stock & work in progress	1,238,400	1,277,542	1,177,443	1,032,195	1,095,531	1,329,793	1,164,659	1,142,194	1,255,568	1,157,372	1,169,214	1,223,095	1,369,999	1,292,773	1,518,533
Trade Debtors	403,146	347,587	616,678	448,519	475,025	676,857	613,467	648,469	833,370	979,635	945,602	839,504	881,829	965,193	1,311,509
Group Debtors	0	4,376	284,211	15,583	314,023	0	518,331	570,808	0	0	0	0	0	525,404	472,471
Misc Debtors	54,731	41,823	65,734	21,156	25,187	332,170	33,320	40,040	0	0	0	0	0	62,255	134,254
Cash	10,764	18,297	13,851	25,150	17,309	10,103	10,198	54,054	98,288	78,770	123,013	104,698	184,153	357,370	448,438
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,707,041	1,689,625	2,157,917	1,542,603	1,927,075	2,348,923	2,339,975	2,455,565	2,187,226	2,215,777	2,237,829	2,167,297	2,435,981	3,202,995	3,885,205
total assets	2,069,415	2,029,111	2,264,260	2,002,099	2,114,633	2,494,436	2,524,414	2,596,002	2,805,441	2,871,204	2,883,232	2,863,810	3,223,811	3,594,140	4,384,825
Bank overdraft	311,083	220,895	126,636	135,945	218,317	164,412	100,713	0	0	0	0	0	0	0	0
Bank loan	10,129	9,879	9,636	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	337,958	299,443	528,316	342,883	197,044	361,390	275,613	208,145	1,175,870	1,109,241	1,103,229	965,929	959,239	632,396	696,357
Group/Directors Accounts	296,144	341,214	491,085	593,283	765,027	0	0	0	0	0	0	0	0	260,000	687,892
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	7,807	0	0	0	0	0	0	0	0	10,218	46,060
other current liabilities	136,875	93,360	154,373	100,225	98,636	684,429	665,421	814,269	0	0	0	0	0	132,855	156,367
total current liabilities	1,092,189	964,791	1,310,046	1,172,336	1,286,831	1,210,231	1,041,747	1,022,414	1,175,870	1,109,241	1,103,229	965,929	959,239	1,035,469	1,586,676
loans	15,749	25,011	34,890	50,000	106,599	0	339,413	447,902	0	0	0	0	0	1,124,747	1,365,875
hp & lease commitments	0	0	0	0	0	0	52,988	2,279	0	0	0	0	0	0	9,920
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	265,455	0	0	490,575	593,171	576,215	660,371	905,483	0	0
provisions	0	0	0	0	0	0	0	1,723	0	0	0	0	12,961	16,854	29,661
total long term liabilities	15,749	25,011	34,890	50,000	106,599	265,455	392,401	451,904	490,575	593,171	576,215	660,371	918,444	1,141,601	1,405,456
total liabilities	1,107,938	989,802	1,344,936	1,222,336	1,393,430	1,475,686	1,434,148	1,474,318	1,666,445	1,702,412	1,679,444	1,626,300	1,877,683	2,177,070	2,992,132
net assets	961,477	1,039,309	919,324	779,763	721,203	1,018,750	1,090,266	1,121,684	1,138,996	1,168,792	1,203,788	1,237,510	1,346,128	1,417,070	1,392,693
total shareholders funds	961,477	1,039,309	919,324	779,763	721,203	1,018,750	1,090,266	1,121,684	1,138,996	1,168,792	1,203,788	1,237,510	1,346,128	1,417,070	1,392,693

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-45,957	167,847	183,408	87,856	-281,135	-51,919	-3,747	-3,136	-30,239	-35,500	-34,291	-109,340	-35,742	112,788	144,663
Depreciation	13,598	12,525	16,390	26,607	48,857	47,942	40,867	48,215	73,078	83,237	81,078	109,924	129,670	147,838	179,229
Amortisation	4,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-28,145	-32,737	-13,736	0	0	0	0	0	0	0	0	0	2,338	-20,872
Stock	-39,142	100,099	145,248	-63,336	-234,262	165,134	22,465	-113,374	98,196	-11,842	-53,881	-146,904	77,226	-225,760	1,518,533
Debtors	78,898	-305,977	191,630	-39,242	-194,792	-156,091	-94,199	-24,053	-146,265	34,033	106,098	-42,325	-221,023	-365,382	1,918,234
Creditors	38,515	-228,873	185,433	145,839	-164,346	85,777	67,468	-967,725	66,629	6,012	137,300	6,690	326,843	-63,961	696,357
Accruals and Deferred Income	43,515	-61,013	54,148	1,589	-585,793	19,008	-148,848	814,269	0	0	0	0	-132,855	-23,512	156,367
Deferred Taxes & Provisions	0	0	0	0	0	0	-1,723	1,723	0	0	0	-12,961	-3,893	-12,807	29,661
Cash flow from operations	14,415	68,219	69,764	350,733	-553,363	91,765	25,751	30,773	157,537	31,558	131,870	183,542	427,820	753,826	-2,251,362
Investing Activities
capital expenditure	-722	-17,741	31,008	-22,547	-8,975	-9,016	-84,869	-20,437	-35,866	-93,261	-29,968	-18,607	-76,355	-49,915	-28,438
Change in Investments	25,457	-38,933	-16,020	-13,737	81,927	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-26,179	21,192	47,028	-8,810	-90,902	-9,016	-84,869	-20,437	-35,866	-93,261	-29,968	-18,607	-76,355	-49,915	-28,438
Financing Activities
Bank loans	250	243	9,636	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-45,070	-149,871	-102,198	-171,744	765,027	0	0	0	0	0	0	0	-260,000	-427,892	687,892
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,262	-9,879	-15,110	-56,599	106,599	-339,413	-108,489	447,902	0	0	0	0	-1,124,747	-241,128	1,365,875
Hire Purchase and Lease Commitments	0	0	0	-7,807	7,807	-52,988	50,709	2,279	0	0	0	0	-10,218	-45,762	55,980
other long term liabilities	0	0	0	0	-265,455	265,455	0	-490,575	-102,596	16,956	-84,156	-245,112	905,483	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,319,690
interest	-31,874	-19,717	-11,111	-15,560	-16,412	-19,596	-27,671	-14,176	443	504	569	722	-35,200	-76,695	-40,408
cash flow from financing	-85,956	-179,224	-118,783	-251,710	597,566	-146,542	-85,451	-54,570	-102,153	17,460	-83,587	-244,390	-524,682	-791,477	3,389,029
cash and cash equivalents
cash	-7,533	4,446	-11,299	7,841	7,206	-95	-43,856	-44,234	19,518	-44,243	18,315	-79,455	-173,217	-91,068	448,438
overdraft	90,188	94,259	-9,309	-82,372	53,905	63,699	100,713	0	0	0	0	0	0	0	0
change in cash	-97,721	-89,813	-1,990	90,213	-46,699	-63,794	-144,569	-44,234	19,518	-44,243	18,315	-79,455	-173,217	-91,068	448,438

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for ace fixings ltd. Get real-time insights into ace fixings ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for ace fixings ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in BT42 area or any other competitors across 12 key performance metrics.

ACE FIXINGS LTD group structure

Ace Fixings Ltd has no subsidiary companies.

Ultimate parent company

ACE FIXINGS LTD

NI055683

ACE FIXINGS LTD Shareholders

asa mcgillian	65%
deirdre mcgillian	15%
austin mcgillian	15%
trustee of austin mcgillian	2.5%
trustee of deirdre mcgillian	2.5%

Ace Fixings Ltd currently has 2 directors. The longest serving directors include Mr Austin McGillian (Jun 2005) and Ms Deirdre McGillian (Jun 2005).

officer	country	age	start	end	role
Mr Austin McGillian		75 years	Jun 2005	-	Director
Ms Deirdre McGillian		71 years	Jun 2005	-	Director

P&L

December 2023

turnover

5.6m

-2%

operating profit

-46k

gross margin

24.7%

-0.61%

turnover

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

Balance Sheet

December 2023

net assets

961.5k

-0.07%

total assets

2.1m

+0.02%

cash

10.8k

-0.41%

net assets

Total assets minus all liabilities

Similar Companies

cadco (ni) limited

shawfield timber ltd

3.5

wood innovations limited

thistle timber and building supplies limited

smith & frater ltd.

4.5

company number

NI055683

Type

Private limited with Share Capital

industry

46730 - Wholesale of wood, construction materials and sanitary equipment

incorporation date

June 2005

ultimate parent company

None

previous names

N/A

address

woodside industrial est, woodside road, ballymena, BT42 4HX

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 ace fixings ltd.

ace fixings ltd Company Information

ace fixings ltd Estimated Valuation

ace fixings ltd Estimated Valuation

ace fixings ltd Estimated Valuation

Ace Fixings Ltd Overview

Ace Fixings Ltd Health Check

ACE FIXINGS LTD financials

ace fixings ltd Credit Report and Business Information

Ace Fixings Ltd Competitor Analysis

ace fixings ltd Ownership

ace fixings ltd directors

ace fixings ltd company details

ace fixings ltd Charges & Mortgages

ace fixings ltd Companies House Filings - See Documents