interconnector services (ni) limited
interconnector services (ni) limited Company Information
Company Number
NI058161
Registered Address
first floor, the arena building, 85 ormeau road, belfast, BT7 1SH
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mutual energy ltd 100%
interconnector services (ni) limited Estimated Valuation
Pomanda estimates the enterprise value of INTERCONNECTOR SERVICES (NI) LIMITED at £3.7m based on a Turnover of £7.6m and 0.49x industry multiple (adjusted for size and gross margin).
interconnector services (ni) limited Estimated Valuation
Pomanda estimates the enterprise value of INTERCONNECTOR SERVICES (NI) LIMITED at £2.6m based on an EBITDA of £502k and a 5.26x industry multiple (adjusted for size and gross margin).
interconnector services (ni) limited Estimated Valuation
Pomanda estimates the enterprise value of INTERCONNECTOR SERVICES (NI) LIMITED at £5.6m based on Net Assets of £1.8m and 3.18x industry multiple (adjusted for liquidity).
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Interconnector Services (ni) Limited Overview
Interconnector Services (ni) Limited is a live company located in 85 ormeau road, BT7 1SH with a Companies House number of NI058161. It operates in the other engineering activities sector, SIC Code 71129. Founded in February 2006, it's largest shareholder is mutual energy ltd with a 100% stake. Interconnector Services (ni) Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.6m with rapid growth in recent years.
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Interconnector Services (ni) Limited Health Check
Pomanda's financial health check has awarded Interconnector Services (Ni) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
1 Weak
Size
annual sales of £7.6m, make it larger than the average company (£2.2m)
£7.6m - Interconnector Services (ni) Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (3.2%)
43% - Interconnector Services (ni) Limited
3.2% - Industry AVG
Production
with a gross margin of 34%, this company has a comparable cost of product (34%)
34% - Interconnector Services (ni) Limited
34% - Industry AVG
Profitability
an operating margin of 6.6% make it as profitable than the average company (6.1%)
6.6% - Interconnector Services (ni) Limited
6.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (22)
2 - Interconnector Services (ni) Limited
22 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Interconnector Services (ni) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £3.8m, this is more efficient (£112.4k)
£3.8m - Interconnector Services (ni) Limited
£112.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Interconnector Services (ni) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (30 days)
39 days - Interconnector Services (ni) Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Interconnector Services (ni) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is average cash available to meet short term requirements (19 weeks)
19 weeks - Interconnector Services (ni) Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a lower level of debt than the average (58.6%)
42.9% - Interconnector Services (ni) Limited
58.6% - Industry AVG
interconnector services (ni) limited Credit Report and Business Information
Interconnector Services (ni) Limited Competitor Analysis
Perform a competitor analysis for interconnector services (ni) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
interconnector services (ni) limited Ownership
INTERCONNECTOR SERVICES (NI) LIMITED group structure
Interconnector Services (Ni) Limited has no subsidiary companies.
Ultimate parent company
1 parent
INTERCONNECTOR SERVICES (NI) LIMITED
NI058161
interconnector services (ni) limited directors
Interconnector Services (Ni) Limited currently has 2 directors. The longest serving directors include Mr Patrick Larkin (Jan 2007) and Mr Gerard McIlroy (Jan 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Larkin | Northern Ireland | 55 years | Jan 2007 | - | Director |
| Mr Gerard McIlroy | Northern Ireland | 55 years | Jan 2010 | - | Director |
INTERCONNECTOR SERVICES (NI) LIMITED financials
Interconnector Services (Ni) Limited's latest turnover from March 2023 is £7.6 million and the company has net assets of £1.8 million. According to their latest financial statements, Interconnector Services (Ni) Limited has 2 employees and maintains cash reserves of £504 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 | 7,559,000 | 2,530,000 | 2,985,000 | 2,602,000 | 3,974,000 | 2,720,000 | 4,040,000 | 2,255,000 | 2,866,000 | 1,496,000 | 3,285,000 | 458,000 | 628,000 | 56,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 502,000 | 173,000 | 218,000 | 155,000 | 151,000 | 59,000 | 175,000 | 116,000 | 189,000 | 20,000 | 206,000 | 34,000 | -39,000 | 30,000 |
| Interest Payable | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 17,000 | 1,000 | 0 | 3,000 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 |
| Pre-Tax Profit | 518,000 | 174,000 | 218,000 | 158,000 | 153,000 | 61,000 | 175,000 | 116,000 | 189,000 | 20,000 | 206,000 | 34,000 | -38,000 | 31,000 |
| Tax | -99,000 | -30,000 | -41,000 | -28,000 | -29,000 | -12,000 | -37,000 | -25,000 | -41,000 | -4,000 | -48,000 | 2,000 | 11,000 | -7,000 |
| Profit After Tax | 419,000 | 144,000 | 177,000 | 130,000 | 124,000 | 49,000 | 138,000 | 91,000 | 148,000 | 16,000 | 158,000 | 36,000 | -27,000 | 24,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 419,000 | 144,000 | 177,000 | 130,000 | 124,000 | 49,000 | 138,000 | 91,000 | 148,000 | 16,000 | 158,000 | 36,000 | -27,000 | 24,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* | 502,000 | 173,000 | 218,000 | 155,000 | 188,000 | 96,000 | 225,000 | 157,000 | 216,000 | 32,000 | 214,000 | 38,000 | -22,000 | 47,000 |
* 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 | 0 | 0 | 0 | 0 | 0 | 13,000 | 50,000 | 100,000 | 64,000 | 32,000 | 24,000 | 0 | 19,000 | 31,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 13,000 | 50,000 | 100,000 | 64,000 | 32,000 | 24,000 | 0 | 19,000 | 31,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63,000 | 37,000 | 0 | 0 |
| Group Debtors | 2,043,000 | 757,000 | 1,117,000 | 1,744,000 | 639,000 | 1,898,000 | 880,000 | 540,000 | 1,050,000 | 941,000 | 498,000 | 123,000 | 177,000 | 23,000 |
| Misc Debtors | 517,000 | 203,000 | 300,000 | 141,000 | 267,000 | 123,000 | 81,000 | 244,000 | 208,000 | 321,000 | 326,000 | 432,000 | 15,000 | 3,000 |
| Cash | 504,000 | 762,000 | 921,000 | 752,000 | 579,000 | 571,000 | 955,000 | 1,489,000 | 427,000 | 122,000 | 337,000 | 97,000 | 66,000 | 124,000 |
| misc current assets | 0 | 300,000 | 0 | 1,000 | 1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,064,000 | 2,022,000 | 2,338,000 | 2,638,000 | 1,486,000 | 2,593,000 | 1,916,000 | 2,273,000 | 1,685,000 | 1,384,000 | 1,224,000 | 689,000 | 258,000 | 150,000 |
| total assets | 3,064,000 | 2,022,000 | 2,338,000 | 2,638,000 | 1,486,000 | 2,606,000 | 1,966,000 | 2,373,000 | 1,749,000 | 1,416,000 | 1,248,000 | 689,000 | 277,000 | 181,000 |
| 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 | 539,000 | 211,000 | 733,000 | 20,000 | 159,000 | 45,000 | 41,000 | 1,006,000 | 4,000 | 553,000 | 509,000 | 33,000 | 1,000 | 9,000 |
| Group/Directors Accounts | 101,000 | 33,000 | 25,000 | 31,000 | 39,000 | 107,000 | 90,000 | 89,000 | 41,000 | 59,000 | 62,000 | 3,000 | 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 | 673,000 | 446,000 | 392,000 | 1,576,000 | 407,000 | 1,697,000 | 1,127,000 | 708,000 | 1,225,000 | 473,000 | 362,000 | 496,000 | 155,000 | 24,000 |
| total current liabilities | 1,313,000 | 690,000 | 1,150,000 | 1,627,000 | 605,000 | 1,849,000 | 1,258,000 | 1,803,000 | 1,270,000 | 1,085,000 | 933,000 | 532,000 | 156,000 | 33,000 |
| 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 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,313,000 | 690,000 | 1,150,000 | 1,627,000 | 605,000 | 1,849,000 | 1,258,000 | 1,803,000 | 1,270,000 | 1,085,000 | 933,000 | 532,000 | 156,000 | 33,000 |
| net assets | 1,751,000 | 1,332,000 | 1,188,000 | 1,011,000 | 881,000 | 757,000 | 708,000 | 570,000 | 479,000 | 331,000 | 315,000 | 157,000 | 121,000 | 148,000 |
| total shareholders funds | 1,751,000 | 1,332,000 | 1,188,000 | 1,011,000 | 881,000 | 757,000 | 708,000 | 570,000 | 479,000 | 331,000 | 315,000 | 157,000 | 121,000 | 148,000 |
| 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 | 502,000 | 173,000 | 218,000 | 155,000 | 151,000 | 59,000 | 175,000 | 116,000 | 189,000 | 20,000 | 206,000 | 34,000 | -39,000 | 30,000 |
| Depreciation | 0 | 0 | 0 | 0 | 37,000 | 37,000 | 50,000 | 41,000 | 27,000 | 12,000 | 8,000 | 4,000 | 17,000 | 17,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -99,000 | -30,000 | -41,000 | -28,000 | -29,000 | -12,000 | -37,000 | -25,000 | -41,000 | -4,000 | -48,000 | 2,000 | 11,000 | -7,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,600,000 | -457,000 | -468,000 | 979,000 | -1,115,000 | 1,060,000 | 177,000 | -474,000 | -4,000 | 375,000 | 295,000 | 400,000 | 166,000 | 26,000 |
| Creditors | 328,000 | -522,000 | 713,000 | -139,000 | 114,000 | 4,000 | -965,000 | 1,002,000 | -549,000 | 44,000 | 476,000 | 32,000 | -8,000 | 9,000 |
| Accruals and Deferred Income | 227,000 | 54,000 | -1,184,000 | 1,169,000 | -1,290,000 | 570,000 | 419,000 | -517,000 | 752,000 | 111,000 | -134,000 | 341,000 | 131,000 | 24,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -642,000 | 132,000 | 174,000 | 178,000 | 98,000 | -402,000 | -535,000 | 1,091,000 | 382,000 | -192,000 | 213,000 | 13,000 | -54,000 | 47,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 68,000 | 8,000 | -6,000 | -8,000 | -68,000 | 17,000 | 1,000 | 48,000 | -18,000 | -3,000 | 59,000 | 3,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 16,000 | 1,000 | 0 | 3,000 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 |
| cash flow from financing | 84,000 | 9,000 | -6,000 | -5,000 | -66,000 | 19,000 | 1,000 | 48,000 | -18,000 | -3,000 | 59,000 | 3,000 | 1,000 | 125,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -258,000 | -159,000 | 169,000 | 173,000 | 8,000 | -384,000 | -534,000 | 1,062,000 | 305,000 | -215,000 | 240,000 | 31,000 | -58,000 | 124,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -258,000 | -159,000 | 169,000 | 173,000 | 8,000 | -384,000 | -534,000 | 1,062,000 | 305,000 | -215,000 | 240,000 | 31,000 | -58,000 | 124,000 |
P&L
March 2023turnover
7.6m
+199%
operating profit
502k
+190%
gross margin
34.1%
+0.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.8m
+0.31%
total assets
3.1m
+0.52%
cash
504k
-0.34%
net assets
Total assets minus all liabilities
interconnector services (ni) limited company details
company number
NI058161
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
February 2006
age
18
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
first floor, the arena building, 85 ormeau road, belfast, BT7 1SH
last accounts submitted
March 2023
interconnector services (ni) 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 interconnector services (ni) limited.
interconnector services (ni) limited Companies House Filings - See Documents
| date | description | view/download |
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