new horizons global limited
new horizons global limited Company Information
Company Number
NI068311
Next Accounts
Oct 2025
Industry
Other manufacturing n.e.c.
Shareholders
ivm pcc with respect to ivm 032
karen chick
View AllGroup Structure
View All
Contact
Registered Address
oakmont house 2 queens road, lisburn, BT27 4TZ
Website
www.newhorizonsglobal.comnew horizons global limited Estimated Valuation
Pomanda estimates the enterprise value of NEW HORIZONS GLOBAL LIMITED at £111.7k based on a Turnover of £204.1k and 0.55x industry multiple (adjusted for size and gross margin).
new horizons global limited Estimated Valuation
Pomanda estimates the enterprise value of NEW HORIZONS GLOBAL LIMITED at £520.2k based on an EBITDA of £122.5k and a 4.25x industry multiple (adjusted for size and gross margin).
new horizons global limited Estimated Valuation
Pomanda estimates the enterprise value of NEW HORIZONS GLOBAL LIMITED at £0 based on Net Assets of £-1m and 1.79x industry multiple (adjusted for liquidity).
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New Horizons Global Limited Overview
New Horizons Global Limited is a live company located in lisburn, BT27 4TZ with a Companies House number of NI068311. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in February 2008, it's largest shareholder is ivm pcc with respect to ivm 032 with a 27.8% stake. New Horizons Global Limited is a established, micro sized company, Pomanda has estimated its turnover at £204.1k with declining growth in recent years.
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New Horizons Global Limited Health Check
Pomanda's financial health check has awarded New Horizons Global Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £204.1k, make it smaller than the average company (£14.2m)
- New Horizons Global Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (8.2%)
- New Horizons Global Limited
8.2% - Industry AVG
Production
with a gross margin of 30%, this company has a comparable cost of product (30%)
- New Horizons Global Limited
30% - Industry AVG
Profitability
an operating margin of 60% make it more profitable than the average company (6.6%)
- New Horizons Global Limited
6.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (72)
- New Horizons Global Limited
72 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
- New Horizons Global Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £102k, this is less efficient (£175.8k)
- New Horizons Global Limited
£175.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- New Horizons Global Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 84 days, this is slower than average (41 days)
- New Horizons Global Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- New Horizons Global Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (14 weeks)
13 weeks - New Horizons Global Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 554.7%, this is a higher level of debt than the average (47.1%)
554.7% - New Horizons Global Limited
47.1% - Industry AVG
NEW HORIZONS GLOBAL LIMITED financials
New Horizons Global Limited's latest turnover from January 2024 is estimated at £204.1 thousand and the company has net assets of -£1 million. According to their latest financial statements, we estimate that New Horizons Global Limited has 2 employees and maintains cash reserves of £22.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 7 | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,494,379 | 9,914,175 | 10,162,413 | 5,560,097 | 1,424,911 | 1,452,660 |
| Intangible Assets | 200,000 | 200,000 | 200,000 | 3,355,589 | 3,356,279 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 0 | 0 | 0 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 200,000 | 200,000 | 200,000 | 3,355,589 | 3,356,279 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 12,844,379 | 13,264,175 | 13,512,413 | 5,560,097 | 1,424,911 | 1,452,660 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 102,970 | 130,458 | 71,000 | 114,797 | 0 | 68,318 | 141,192 | 30,501 | 25,926 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 83,872 | 5,495 | 5,472 | 11,707 | 20,798 | 0 | 196,971 | 269,349 | 200,903 | 144,062 | 239,480 | 148,198 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 3,546 | 5,426 | 1,382 | 4,496 | 48,264 | 2,894 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 22,280 | 35,808 | 69,040 | 36,248 | 11,308 | 47,224 | 37,344 | 167,937 | 152,996 | 10,988 | 23,747 | 275,853 | 14,730 | 212,225 | 143,241 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,853 | 66,314 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 22,280 | 39,354 | 74,466 | 121,502 | 124,269 | 231,418 | 122,945 | 307,385 | 219,310 | 276,277 | 434,288 | 507,257 | 184,718 | 451,705 | 291,439 |
| total assets | 222,280 | 239,354 | 274,466 | 3,477,091 | 3,480,548 | 3,581,418 | 3,472,945 | 3,657,385 | 3,569,310 | 13,120,656 | 13,698,463 | 14,019,670 | 5,744,815 | 1,876,616 | 1,744,099 |
| Bank overdraft | 10,648 | 10,648 | 10,648 | 6,664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,097 | 109,740 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,280 | 33,254 | 43,550 | 64,137 | 69,702 | 175,326 | 11,868 | 121,087 | 528,978 | 5,133,200 | 4,240,667 | 3,240,946 | 1,756,782 | 1,430,921 | 1,544,711 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 7,017 | 8,742 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 39,099 | 39,433 | 45,148 | 58,566 | 124,075 | 26,500 | 2,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 83,027 | 83,335 | 99,346 | 129,367 | 200,794 | 210,568 | 14,693 | 121,087 | 528,978 | 5,133,200 | 4,240,667 | 3,240,946 | 1,856,879 | 1,540,661 | 1,544,711 |
| loans | 1,149,851 | 1,159,544 | 1,169,086 | 1,186,676 | 1,143,340 | 1,159,116 | 1,205,423 | 0 | 0 | 0 | 0 | 250,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,212,764 | 712,764 | 1,000,000 | 1,000,000 | 750,000 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,149,851 | 1,159,544 | 1,169,086 | 1,186,676 | 1,143,340 | 1,159,116 | 1,205,423 | 1,212,764 | 712,764 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 0 | 0 |
| total liabilities | 1,232,878 | 1,242,879 | 1,268,432 | 1,316,043 | 1,344,134 | 1,369,684 | 1,220,116 | 1,333,851 | 1,241,742 | 6,133,200 | 5,240,667 | 4,240,946 | 1,856,879 | 1,540,661 | 1,544,711 |
| net assets | -1,010,598 | -1,003,525 | -993,966 | 2,161,048 | 2,136,414 | 2,211,734 | 2,252,829 | 2,323,534 | 2,327,568 | 6,987,456 | 8,457,796 | 9,778,724 | 3,887,936 | 335,955 | 199,388 |
| total shareholders funds | -1,010,598 | -1,003,525 | -993,966 | 2,161,048 | 2,136,414 | 2,211,734 | 2,252,829 | 2,323,534 | 2,327,568 | 6,987,456 | 8,457,796 | 9,778,724 | 3,887,936 | 335,955 | 199,388 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 419,796 | 431,830 | 399,764 | 310,604 | 129,897 | 89,147 |
| Amortisation | 0 | 0 | 1,311 | 690 | 621 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | -102,970 | -27,488 | 59,458 | -43,797 | 114,797 | -68,318 | -72,874 | 110,691 | 4,575 | 25,926 | 0 | 0 |
| Debtors | -3,546 | -1,880 | -79,828 | 75,263 | -43,745 | 39,135 | -6,197 | 20,798 | -196,971 | -72,378 | 68,446 | 56,841 | -95,418 | 91,282 | 148,198 |
| Creditors | 26 | -10,296 | -20,587 | -5,565 | -105,624 | 163,458 | -109,219 | -407,891 | -4,604,222 | 892,533 | 999,721 | 1,484,164 | 325,861 | -113,790 | 1,544,711 |
| Accruals and Deferred Income | -334 | -5,715 | -13,418 | -65,509 | 97,575 | 23,675 | 2,825 | 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 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -7,017 | -1,725 | 8,742 | 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 | 0 |
| Long term loans | -9,693 | -9,542 | -17,590 | 43,336 | -15,776 | -46,307 | 1,205,423 | 0 | 0 | 0 | -250,000 | 250,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -1,212,764 | 500,000 | -287,236 | 0 | 250,000 | 750,000 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -13,528 | -33,232 | 32,792 | 24,940 | -35,916 | 9,880 | -130,593 | 14,941 | 142,008 | -12,759 | -252,106 | 261,123 | -197,495 | 68,984 | 143,241 |
| overdraft | 0 | 0 | 3,984 | 6,664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100,097 | -9,643 | 109,740 | 0 |
| change in cash | -13,528 | -33,232 | 28,808 | 18,276 | -35,916 | 9,880 | -130,593 | 14,941 | 142,008 | -12,759 | -252,106 | 361,220 | -187,852 | -40,756 | 143,241 |
new horizons global limited Credit Report and Business Information
New Horizons Global Limited Competitor Analysis
Perform a competitor analysis for new horizons global limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in BT27 area or any other competitors across 12 key performance metrics.
new horizons global limited Ownership
NEW HORIZONS GLOBAL LIMITED group structure
New Horizons Global Limited has no subsidiary companies.
Ultimate parent company
NEW HORIZONS GLOBAL LIMITED
NI068311
new horizons global limited directors
New Horizons Global Limited currently has 3 directors. The longest serving directors include Mr Stephen Chestnutt (Sep 2011) and Dr John Spence (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Chestnutt | 63 years | Sep 2011 | - | Director | |
| Dr John Spence | Northern Ireland | 82 years | Nov 2017 | - | Director |
| Mr Robert Davis | Northern Ireland | 76 years | Nov 2017 | - | Director |
P&L
January 2024turnover
204.1k
+7%
operating profit
122.5k
0%
gross margin
30%
+1.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
-1m
+0.01%
total assets
222.3k
-0.07%
cash
22.3k
-0.38%
net assets
Total assets minus all liabilities
new horizons global limited company details
company number
NI068311
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
February 2008
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
milltown enterprises limited (February 2008)
accountant
EXCHANGE ACCOUNTANTS LIMITED
auditor
-
address
oakmont house 2 queens road, lisburn, BT27 4TZ
Bank
HSBC BANK PLC
Legal Advisor
-
new horizons global 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 found 23 charges/mortgages relating to new horizons global limited. Currently there are 0 open charges and 23 have been satisfied in the past.
new horizons global limited Companies House Filings - See Documents
| date | description | view/download |
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