carnmeen energy limited
carnmeen energy limited Company Information
Company Number
NI069572
Website
-Registered Address
acton house, poyntzpass, newry, BT35 6TA
Industry
Other personal service activities n.e.c.
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
simon best 50%
rory best 50%
carnmeen energy limited Estimated Valuation
Pomanda estimates the enterprise value of CARNMEEN ENERGY LIMITED at £59k based on a Turnover of £102.4k and 0.58x industry multiple (adjusted for size and gross margin).
carnmeen energy limited Estimated Valuation
Pomanda estimates the enterprise value of CARNMEEN ENERGY LIMITED at £0 based on an EBITDA of £-26.2k and a 4.71x industry multiple (adjusted for size and gross margin).
carnmeen energy limited Estimated Valuation
Pomanda estimates the enterprise value of CARNMEEN ENERGY LIMITED at £10k based on Net Assets of £3.7k and 2.7x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Carnmeen Energy Limited Overview
Carnmeen Energy Limited is a live company located in newry, BT35 6TA with a Companies House number of NI069572. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2008, it's largest shareholder is simon best with a 50% stake. Carnmeen Energy Limited is a established, micro sized company, Pomanda has estimated its turnover at £102.4k with declining growth in recent years.
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Carnmeen Energy Limited Health Check
Pomanda's financial health check has awarded Carnmeen Energy Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £102.4k, make it smaller than the average company (£852k)
- Carnmeen Energy Limited
£852k - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (6.1%)
- Carnmeen Energy Limited
6.1% - Industry AVG
Production
with a gross margin of 20%, this company has a higher cost of product (41.1%)
- Carnmeen Energy Limited
41.1% - Industry AVG
Profitability
an operating margin of -25.6% make it less profitable than the average company (6.3%)
- Carnmeen Energy Limited
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- Carnmeen Energy Limited
14 - Industry AVG
Pay Structure
on an average salary of £30.1k, the company has an equivalent pay structure (£30.1k)
- Carnmeen Energy Limited
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £102.4k, this is more efficient (£82.3k)
- Carnmeen Energy Limited
£82.3k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (28 days)
- Carnmeen Energy Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 90 days, this is slower than average (39 days)
- Carnmeen Energy Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Carnmeen Energy Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Carnmeen Energy Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.6%, this is a higher level of debt than the average (42.6%)
84.6% - Carnmeen Energy Limited
42.6% - Industry AVG
CARNMEEN ENERGY LIMITED financials
Carnmeen Energy Limited's latest turnover from August 2023 is estimated at £102.4 thousand and the company has net assets of £3.7 thousand. According to their latest financial statements, we estimate that Carnmeen Energy Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 955 | 10,442 | 39,501 | 81,299 | 52,318 | 54,249 | 82,520 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 191,020 | 0 | 0 | 0 | 0 | 250,000 | 250,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 955 | 10,442 | 39,501 | 81,299 | 52,318 | 54,249 | 82,520 | 191,020 | 0 | 0 | 0 | 0 | 250,000 | 250,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,115 | 70,564 | 63,923 | 46,136 | 62,213 | 1,720 | 22,002 | 20,000 | 373 | 0 | 60,000 | 0 | 400 | 400 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73,350 | 264 | 550 | 17,194 | 99,734 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,115 | 70,564 | 63,923 | 46,136 | 62,213 | 1,720 | 22,002 | 93,350 | 637 | 550 | 77,194 | 99,734 | 400 | 400 | 0 |
| total assets | 24,070 | 81,006 | 103,424 | 127,435 | 114,531 | 55,969 | 104,522 | 284,370 | 637 | 550 | 77,194 | 99,734 | 250,400 | 250,400 | 0 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 20,358 | 51,056 | 59,238 | 66,904 | 98,051 | 41,885 | 91,706 | 167,696 | 24,365 | 2,365 | 71,989 | 65,513 | 250,000 | 250,000 | 0 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 20,358 | 51,056 | 59,238 | 66,904 | 98,051 | 41,885 | 91,706 | 167,696 | 24,365 | 2,365 | 71,989 | 65,513 | 250,000 | 250,000 | 0 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 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 | 0 |
| total liabilities | 20,358 | 51,056 | 59,238 | 66,904 | 98,051 | 41,885 | 91,706 | 167,696 | 24,365 | 2,365 | 71,989 | 65,513 | 250,000 | 250,000 | 0 |
| net assets | 3,712 | 29,950 | 44,186 | 60,531 | 16,480 | 14,084 | 12,816 | 116,674 | -23,728 | -1,815 | 5,205 | 34,221 | 400 | 400 | 0 |
| total shareholders funds | 3,712 | 29,950 | 44,186 | 60,531 | 16,480 | 14,084 | 12,816 | 116,674 | -23,728 | -1,815 | 5,205 | 34,221 | 400 | 400 | 0 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -47,449 | 6,641 | 17,787 | -16,077 | 60,493 | -20,282 | 2,002 | 19,627 | 373 | -60,000 | 60,000 | -400 | 0 | 400 | 0 |
| Creditors | -30,698 | -8,182 | -7,666 | -31,147 | 56,166 | -49,821 | -75,990 | 143,331 | 22,000 | -69,624 | 6,476 | -184,487 | 0 | 250,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -191,020 | 191,020 | 0 | 0 | 0 | -250,000 | 0 | 250,000 | 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 | 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 | 0 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -73,350 | 73,086 | -286 | -16,644 | -82,540 | 99,734 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -73,350 | 73,086 | -286 | -16,644 | -82,540 | 99,734 | 0 | 0 | 0 |
carnmeen energy limited Credit Report and Business Information
Carnmeen Energy Limited Competitor Analysis
Perform a competitor analysis for carnmeen energy limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
carnmeen energy limited Ownership
CARNMEEN ENERGY LIMITED group structure
Carnmeen Energy Limited has no subsidiary companies.
Ultimate parent company
CARNMEEN ENERGY LIMITED
NI069572
carnmeen energy limited directors
Carnmeen Energy Limited currently has 2 directors. The longest serving directors include Mr Simon Best (Jun 2008) and Mr Rory Best (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Best | Northern Ireland | 46 years | Jun 2008 | - | Director |
| Mr Rory Best | 41 years | Jan 2023 | - | Director |
P&L
August 2023turnover
102.4k
-63%
operating profit
-26.2k
0%
gross margin
20%
+5.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
3.7k
-0.88%
total assets
24.1k
-0.7%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
carnmeen energy limited company details
company number
NI069572
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
June 2008
age
16
accounts
Micro-Entity Accounts
ultimate parent company
previous names
carnmeen enterprises limited (June 2008)
incorporated
UK
address
acton house, poyntzpass, newry, BT35 6TA
last accounts submitted
August 2022
carnmeen energy 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 carnmeen energy limited.
carnmeen energy limited Companies House Filings - See Documents
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