changeover technologies limited
changeover technologies limited Company Information
Company Number
NI071902
Next Accounts
Feb 2026
Industry
Support activities for other mining and quarrying
Shareholders
the bank of ireland kernel capital growth fund (ni) llp
invest northern ireland
View AllGroup Structure
View All
Contact
Registered Address
c/o dwf llp 42 queen street, belfast, BT1 6HL
changeover technologies limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGEOVER TECHNOLOGIES LIMITED at £848.9k based on a Turnover of £1.1m and 0.74x industry multiple (adjusted for size and gross margin).
changeover technologies limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGEOVER TECHNOLOGIES LIMITED at £115.1k based on an EBITDA of £44.9k and a 2.57x industry multiple (adjusted for size and gross margin).
changeover technologies limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGEOVER TECHNOLOGIES LIMITED at £0 based on Net Assets of £-514.8k and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Changeover Technologies Limited Overview
Changeover Technologies Limited is a live company located in belfast, BT1 6HL with a Companies House number of NI071902. It operates in the support activities for other mining and quarrying sector, SIC Code 09900. Founded in March 2009, it's largest shareholder is the bank of ireland kernel capital growth fund (ni) llp with a 28.1% stake. Changeover Technologies Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.
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Changeover Technologies Limited Health Check
Pomanda's financial health check has awarded Changeover Technologies Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£4.2m)
- Changeover Technologies Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (11.7%)
- Changeover Technologies Limited
11.7% - Industry AVG
Production
with a gross margin of 32.2%, this company has a comparable cost of product (32.2%)
- Changeover Technologies Limited
32.2% - Industry AVG
Profitability
an operating margin of -8.4% make it less profitable than the average company (4.4%)
- Changeover Technologies Limited
4.4% - Industry AVG
Employees
with 7 employees, this is below the industry average (16)
7 - Changeover Technologies Limited
16 - Industry AVG
Pay Structure
on an average salary of £54.2k, the company has an equivalent pay structure (£54.2k)
- Changeover Technologies Limited
£54.2k - Industry AVG
Efficiency
resulting in sales per employee of £163.8k, this is less efficient (£274.7k)
- Changeover Technologies Limited
£274.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Changeover Technologies Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (39 days)
- Changeover Technologies Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Changeover Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (4 weeks)
43 weeks - Changeover Technologies Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 523.2%, this is a higher level of debt than the average (65.1%)
523.2% - Changeover Technologies Limited
65.1% - Industry AVG
CHANGEOVER TECHNOLOGIES LIMITED financials
Changeover Technologies Limited's latest turnover from May 2024 is estimated at £1.1 million and the company has net assets of -£514.8 thousand. According to their latest financial statements, Changeover Technologies Limited has 7 employees and maintains cash reserves of £30.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | |||||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 5,170 | 4,341 | |||||||||||||
| Gross Profit | -5,170 | -4,341 | |||||||||||||
| Admin Expenses | 1,154,855 | 1,418,792 | |||||||||||||
| Operating Profit | -1,160,025 | -1,423,133 | 2,568,498 | -538,588 | |||||||||||
| Interest Payable | 0 | 0 | 113,487 | 256,016 | |||||||||||
| Interest Receivable | 0 | 0 | 1,575 | 0 | |||||||||||
| Pre-Tax Profit | -1,160,025 | -1,423,133 | 2,456,586 | -794,604 | |||||||||||
| Tax | 194,670 | 277,417 | 0 | 0 | |||||||||||
| Profit After Tax | -965,355 | -1,145,716 | 2,456,586 | -794,604 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | |||||||||||
| Retained Profit | -965,355 | -1,145,716 | 2,456,586 | -794,604 | |||||||||||
| Employee Costs | 87,245 | 0 | |||||||||||||
| Number Of Employees | 7 | 11 | 11 | 13 | 10 | 10 | 4 | 2 | 2 | 1 | |||||
| EBITDA* | -973,194 | -1,232,974 | 2,568,498 | -538,588 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,630 | 239,694 | 433,796 | 610,140 | 698,228 | 362,976 | 414,109 | 477,493 | 541,843 | 613,734 | 500,000 | 0 | 0 | 0 | 540,763 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,072,108 |
| 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 | 20,630 | 239,694 | 433,796 | 610,140 | 698,228 | 362,976 | 414,109 | 477,493 | 541,843 | 613,734 | 500,000 | 0 | 0 | 0 | 1,612,871 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,526 | 0 | 0 | 427 | 38,717 | 266,531 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 70,810 | 189,315 | 261,112 | 243,081 | 19,913 | 111,463 | 25,404 | 141,868 | 7,747 | 0 | 51,147 | 35,509 | 0 | 0 | 0 |
| Cash | 30,197 | 324,134 | 108,289 | 178,676 | 263,175 | 1,454,618 | 79,711 | 70,049 | 178,338 | 195,065 | 1,014,757 | 24,216 | 3,366 | 10,228 | 39,326 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 101,007 | 513,449 | 369,401 | 421,757 | 283,088 | 1,566,081 | 105,115 | 211,917 | 186,085 | 204,591 | 1,065,904 | 59,725 | 3,793 | 123,945 | 305,857 |
| total assets | 121,637 | 753,143 | 803,197 | 1,031,897 | 981,316 | 1,929,057 | 519,224 | 689,410 | 727,928 | 818,325 | 1,565,904 | 59,725 | 3,793 | 123,945 | 1,918,728 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,652 | 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 | 2,979 | 28,585 | 92,470 | 34,902 | 51,496 | 50,234 | 43,735 | 38,030 | 1,347 | 97,008 | 60,368 | 192,933 | 2,520,311 | 2,104,665 | 1,386,027 |
| Group/Directors Accounts | 0 | 4,000 | 4,000 | 4,000 | 0 | 4,000 | 2,000 | 0 | 0 | 0 | 0 | 3,118,943 | 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 | 33,419 | 78,449 | 96,647 | 75,057 | 82,938 | 68,788 | 25,223 | 6,097 | 11,573 | 0 | 20,658 | 58,971 | 0 | 0 | 0 |
| total current liabilities | 36,398 | 111,034 | 193,117 | 113,959 | 134,434 | 123,022 | 70,958 | 44,127 | 15,572 | 97,008 | 81,026 | 3,370,847 | 2,520,311 | 2,104,665 | 1,386,027 |
| loans | 600,000 | 600,000 | 600,000 | 600,000 | 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 | 26,756 | 62,259 | 95,904 | 80,225 | 3,951 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 600,000 | 626,756 | 662,259 | 695,904 | 80,225 | 3,951 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 636,398 | 737,790 | 855,376 | 809,863 | 214,659 | 126,973 | 70,958 | 44,127 | 15,572 | 97,008 | 81,026 | 3,370,847 | 2,520,311 | 2,104,665 | 1,386,027 |
| net assets | -514,761 | 15,353 | -52,179 | 222,034 | 766,657 | 1,802,084 | 448,266 | 645,283 | 712,356 | 721,317 | 1,484,878 | -3,311,122 | -2,516,518 | -1,980,720 | 532,701 |
| total shareholders funds | -514,761 | 15,353 | -52,179 | 222,034 | 766,657 | 1,802,084 | 448,266 | 645,283 | 712,356 | 721,317 | 1,484,878 | -3,311,122 | -2,516,518 | -1,980,720 | 532,701 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,160,025 | -1,423,133 | 2,568,498 | -538,588 | |||||||||||
| Depreciation | 141,115 | 186,831 | 190,159 | 183,745 | 128,079 | 71,646 | 70,599 | 66,772 | 67,254 | 59,889 | 0 | 0 | 0 | 197,833 | 26,693 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 218,905 | 0 |
| Tax | 194,670 | 277,417 | 0 | 0 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 |
| Debtors | -118,505 | -71,797 | 18,031 | 223,168 | -91,550 | 86,059 | -116,464 | 134,121 | -1,779 | -41,621 | 15,638 | 35,082 | 427 | -227,814 | 266,531 |
| Creditors | -25,606 | -63,885 | 57,568 | -16,594 | 1,262 | 6,499 | 5,705 | 36,683 | -95,661 | 36,640 | -132,565 | -2,327,378 | 2,520,311 | 718,638 | 1,386,027 |
| Accruals and Deferred Income | -45,030 | -18,198 | 21,590 | -7,881 | 14,150 | 43,565 | 19,126 | -5,476 | 11,573 | -20,658 | -38,313 | 58,971 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -26,756 | -35,503 | -33,645 | 15,679 | 76,274 | 3,951 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -824,313 | -928,075 | 2,381,982 | -2,842,077 | |||||||||||
| 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 | -4,000 | 0 | 0 | 4,000 | -4,000 | 2,000 | 2,000 | 0 | 0 | 0 | -3,118,943 | 3,118,943 | 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 | 600,000 | 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 | 0 | 0 | -111,912 | -256,016 | |||||||||||
| cash flow from financing | 1,032,887 | 871,503 | -891,441 | 2,862,927 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -293,937 | 215,845 | -70,387 | -84,499 | -1,191,443 | 1,374,907 | 9,662 | -108,289 | -16,727 | -819,692 | 990,541 | 20,850 | 3,366 | -29,098 | 39,326 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,652 | 2,652 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -293,937 | 215,845 | -70,387 | -84,499 | -1,191,443 | 1,374,907 | 9,662 | -105,637 | -19,379 | -819,692 | 990,541 | 20,850 | 3,366 | -29,098 | 39,326 |
changeover technologies limited Credit Report and Business Information
Changeover Technologies Limited Competitor Analysis
Perform a competitor analysis for changeover technologies limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other small companies, companies in BT1 area or any other competitors across 12 key performance metrics.
changeover technologies limited Ownership
CHANGEOVER TECHNOLOGIES LIMITED group structure
Changeover Technologies Limited has no subsidiary companies.
Ultimate parent company
CHANGEOVER TECHNOLOGIES LIMITED
NI071902
changeover technologies limited directors
Changeover Technologies Limited currently has 6 directors. The longest serving directors include Mr John Martin (Sep 2012) and Mr Mervyn McCall (Aug 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Martin | Northern Ireland | 56 years | Sep 2012 | - | Director |
| Mr Mervyn McCall | Northern Ireland | 74 years | Aug 2015 | - | Director |
| Mr Kenneth Flockhart | United Kingdom | 72 years | Feb 2019 | - | Director |
| Earl Of Richard Kilmorey | 82 years | Jan 2022 | - | Director | |
| Mr Paul Lavery | Northern Ireland | 50 years | Jan 2022 | - | Director |
| Mr Paul Lavery | Northern Ireland | 50 years | Jan 2022 | - | Director |
P&L
May 2024turnover
1.1m
0%
operating profit
-96.3k
0%
gross margin
32.3%
-100%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
-514.8k
-34.53%
total assets
121.6k
-0.84%
cash
30.2k
-0.91%
net assets
Total assets minus all liabilities
changeover technologies limited company details
company number
NI071902
Type
Private limited with Share Capital
industry
09900 - Support activities for other mining and quarrying
incorporation date
March 2009
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
silform technologies limited (October 2019)
soltech holdings limited (March 2009)
accountant
GRANT THORNTON (NI) LLP
auditor
-
address
c/o dwf llp 42 queen street, belfast, BT1 6HL
Bank
ULSTER BANK LTD
Legal Advisor
DWF
changeover technologies 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 changeover technologies limited.
changeover technologies limited Capital Raised & Share Issues BETA
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changeover technologies limited Companies House Filings - See Documents
| date | description | view/download |
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