drumcairn holdings limited Company Information
Company Number
NI607160
Website
http://cormacleonard.comRegistered Address
drumcairn loughgall road, armagh, co.armagh, BT61 7NN
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Telephone
02837524731
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
cormac leonard 50%
leon leonard 50%
drumcairn holdings limited Estimated Valuation
Pomanda estimates the enterprise value of DRUMCAIRN HOLDINGS LIMITED at £21.2m based on a Turnover of £24.9m and 0.85x industry multiple (adjusted for size and gross margin).
drumcairn holdings limited Estimated Valuation
Pomanda estimates the enterprise value of DRUMCAIRN HOLDINGS LIMITED at £15.6m based on an EBITDA of £4.9m and a 3.16x industry multiple (adjusted for size and gross margin).
drumcairn holdings limited Estimated Valuation
Pomanda estimates the enterprise value of DRUMCAIRN HOLDINGS LIMITED at £34.6m based on Net Assets of £18.2m and 1.9x industry multiple (adjusted for liquidity).
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Drumcairn Holdings Limited Overview
Drumcairn Holdings Limited is a live company located in co.armagh, BT61 7NN with a Companies House number of NI607160. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in April 2011, it's largest shareholder is cormac leonard with a 50% stake. Drumcairn Holdings Limited is a established, large sized company, Pomanda has estimated its turnover at £24.9m with healthy growth in recent years.
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Drumcairn Holdings Limited Health Check
Pomanda's financial health check has awarded Drumcairn Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £24.9m, make it larger than the average company (£11m)
£24.9m - Drumcairn Holdings Limited
£11m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.8%)
12% - Drumcairn Holdings Limited
5.8% - Industry AVG
Production
with a gross margin of 16.7%, this company has a higher cost of product (45%)
16.7% - Drumcairn Holdings Limited
45% - Industry AVG
Profitability
an operating margin of 10.4% make it as profitable than the average company (12.3%)
10.4% - Drumcairn Holdings Limited
12.3% - Industry AVG
Employees
with 37 employees, this is below the industry average (58)
37 - Drumcairn Holdings Limited
58 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£43.3k)
£41.6k - Drumcairn Holdings Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £672.9k, this is more efficient (£191.5k)
£672.9k - Drumcairn Holdings Limited
£191.5k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (57 days)
33 days - Drumcairn Holdings Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (51 days)
25 days - Drumcairn Holdings Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 62 days, this is more than average (22 days)
62 days - Drumcairn Holdings Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (8 weeks)
49 weeks - Drumcairn Holdings Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.7%, this is a lower level of debt than the average (58.3%)
26.7% - Drumcairn Holdings Limited
58.3% - Industry AVG
drumcairn holdings limited Credit Report and Business Information
Drumcairn Holdings Limited Competitor Analysis
Perform a competitor analysis for drumcairn holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
drumcairn holdings limited Ownership
DRUMCAIRN HOLDINGS LIMITED group structure
Drumcairn Holdings Limited has 3 subsidiary companies.
Ultimate parent company
DRUMCAIRN HOLDINGS LIMITED
NI607160
3 subsidiaries
drumcairn holdings limited directors
Drumcairn Holdings Limited currently has 4 directors. The longest serving directors include Mr Leon Leonard (Apr 2011) and Mr Cormac Leonard (Apr 2011).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Leon Leonard | 70 years | Apr 2011 | - | Director | |
Mr Cormac Leonard | United Kingdom | 73 years | Apr 2011 | - | Director |
Mr Leon Leonard | 70 years | Apr 2011 | - | Director | |
Mr Cormac Leonard | United Kingdom | 37 years | May 2014 | - | Director |
DRUMCAIRN HOLDINGS LIMITED financials
Drumcairn Holdings Limited's latest turnover from March 2023 is £24.9 million and the company has net assets of £18.2 million. According to their latest financial statements, Drumcairn Holdings Limited has 37 employees and maintains cash reserves of £3.4 million 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 | Apr 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 24,898,332 | 27,822,255 | 25,202,537 | 17,597,827 | 22,408,126 | 21,636,550 | 19,520,451 | 17,871,417 | 16,816,183 | 16,256,301 | 15,030,401 | 15,463,133 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 20,734,236 | 23,547,312 | 22,473,868 | 15,355,455 | 19,638,072 | 19,141,527 | 16,898,154 | 15,136,321 | 14,333,850 | 13,585,223 | 12,999,662 | 13,600,890 |
Gross Profit | 4,164,096 | 4,274,943 | 2,728,669 | 2,242,372 | 2,770,054 | 2,495,023 | 2,622,297 | 2,735,096 | 2,482,333 | 2,671,078 | 2,030,739 | 1,862,243 |
Admin Expenses | 1,585,066 | 1,492,389 | 1,067,012 | 1,394,449 | 1,398,031 | 1,299,064 | 1,311,512 | 1,121,887 | 1,031,525 | 1,277,005 | 989,763 | 843,229 |
Operating Profit | 2,579,030 | 2,782,554 | 1,661,657 | 847,923 | 1,372,023 | 1,195,959 | 1,310,785 | 1,613,209 | 1,450,808 | 1,394,073 | 1,040,976 | 1,019,014 |
Interest Payable | 80,799 | 44,881 | 49,326 | 79,840 | 61,694 | 61,271 | 72,890 | 66,227 | 78,948 | 76,626 | 40,377 | 47,099 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32 | 1,058 | 1,438 |
Pre-Tax Profit | 2,498,231 | 2,737,673 | 1,612,331 | 768,083 | 1,310,329 | 1,134,688 | 1,237,895 | 1,546,982 | 1,371,860 | 1,317,479 | 1,001,657 | 973,353 |
Tax | -621,842 | -405,677 | -364,895 | -83,110 | -267,035 | -195,793 | -173,972 | -283,197 | -346,705 | -374,115 | -202,376 | -214,524 |
Profit After Tax | 1,876,389 | 2,331,996 | 1,247,436 | 684,973 | 1,043,294 | 938,895 | 1,063,923 | 1,263,785 | 1,025,155 | 943,364 | 799,281 | 758,829 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 1,876,389 | 2,331,996 | 1,247,436 | 684,973 | 1,043,294 | 938,895 | 1,063,923 | 1,263,785 | 1,025,155 | 943,364 | 799,281 | 758,829 |
Employee Costs | 1,537,455 | 1,286,420 | 923,828 | 1,008,177 | 1,191,191 | 1,597,504 | 999,326 | 889,597 | 786,722 | 813,778 | 875,188 | 698,610 |
Number Of Employees | 37 | 36 | 36 | 36 | 35 | 35 | 32 | 32 | 29 | 29 | 27 | 27 |
EBITDA* | 4,931,942 | 4,690,172 | 3,182,597 | 2,262,641 | 2,762,447 | 2,511,031 | 2,672,083 | 2,851,249 | 2,655,128 | 2,444,277 | 1,883,419 | 1,676,086 |
* 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 | Apr 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 13,564,509 | 11,923,131 | 9,322,284 | 7,657,056 | 7,018,212 | 7,191,098 | 6,377,617 | 7,040,126 | 6,352,656 | 5,993,051 | 4,255,487 | 3,294,070 |
Intangible Assets | 600,000 | 675,000 | 750,000 | 825,000 | 900,000 | 975,000 | 1,050,000 | 1,125,000 | 1,200,000 | 1,275,000 | 1,350,000 | 1,425,000 |
Investments & Other | 1,212,053 | 1,057,053 | 1,057,053 | 1,042,702 | 974,483 | 262,457 | 262,457 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 15,376,562 | 13,655,184 | 11,129,337 | 9,524,758 | 8,892,695 | 8,428,555 | 7,690,074 | 8,165,126 | 7,552,656 | 7,268,051 | 5,605,487 | 4,719,070 |
Stock & work in progress | 3,532,059 | 4,103,747 | 4,935,941 | 4,933,527 | 5,003,628 | 3,465,844 | 4,519,438 | 3,444,516 | 3,203,224 | 3,234,590 | 2,509,225 | 3,022,208 |
Trade Debtors | 2,314,748 | 3,377,429 | 1,794,859 | 1,559,144 | 1,795,023 | 2,096,430 | 1,590,650 | 1,490,785 | 953,176 | 1,355,833 | 954,199 | 1,126,119 |
Group Debtors | 110,500 | 110,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 104,176 | 82,190 | 301,209 | 165,636 | 252,839 | 229,960 | 252,656 | 70,041 | 81,189 | 229,596 | 171,564 | 93,386 |
Cash | 3,431,499 | 811,866 | 702,224 | 94,066 | 136,685 | 507,248 | 77,368 | 89,880 | 318,293 | 292,023 | 412,375 | 87,834 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 9,492,982 | 8,485,732 | 7,734,233 | 6,752,373 | 7,188,175 | 6,299,482 | 6,440,112 | 5,095,222 | 4,555,882 | 5,112,042 | 4,047,363 | 4,329,547 |
total assets | 24,869,544 | 22,140,916 | 18,863,570 | 16,277,131 | 16,080,870 | 14,728,037 | 14,130,186 | 13,260,348 | 12,108,538 | 12,380,093 | 9,652,850 | 9,048,617 |
Bank overdraft | 0 | 997,207 | 2,403,642 | 1,848,482 | 1,574,513 | 1,005,517 | 1,771,279 | 2,241,658 | 2,017,590 | 2,335,669 | 1,546,876 | 1,359,472 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,455,859 | 1,756,880 | 1,300,943 | 834,156 | 1,382,569 | 1,519,962 | 960,387 | 342,100 | 523,381 | 1,445,970 | 736,647 | 1,098,626 |
Group/Directors Accounts | 191,554 | 241,692 | 292,692 | 297,442 | 377,855 | 0 | 0 | 0 | 1,165,025 | 455,692 | 169,692 | 166,040 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 1,044,419 | 401,923 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 922,927 | 801,452 | 195,837 | 97,980 | 300,921 | 809,704 | 936,140 | 1,249,325 | 355,640 | 305,495 | 299,124 | 354,806 |
total current liabilities | 3,614,759 | 4,199,154 | 4,193,114 | 3,078,060 | 3,635,858 | 3,335,183 | 3,667,806 | 3,833,083 | 4,061,636 | 4,542,826 | 2,752,339 | 2,978,944 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 937,426 | 1,081,557 | 1,050,000 |
hp & lease commitments | 1,837,978 | 769,252 | 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 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 1,178,634 | 810,726 | 640,673 | 416,724 | 347,638 | 338,774 | 347,195 | 376,003 | 259,429 | 137,523 | 0 | 0 |
total long term liabilities | 3,016,612 | 1,579,978 | 640,673 | 416,724 | 347,638 | 338,774 | 347,195 | 376,003 | 259,429 | 1,074,949 | 1,081,557 | 1,050,000 |
total liabilities | 6,631,371 | 5,779,132 | 4,833,787 | 3,494,784 | 3,983,496 | 3,673,957 | 4,015,001 | 4,209,086 | 4,321,065 | 5,617,775 | 3,833,896 | 4,028,944 |
net assets | 18,238,173 | 16,361,784 | 14,029,783 | 12,782,347 | 12,097,374 | 11,054,080 | 10,115,185 | 9,051,262 | 7,787,473 | 6,762,318 | 5,818,954 | 5,019,673 |
total shareholders funds | 18,238,173 | 16,361,784 | 14,029,783 | 12,782,347 | 12,097,374 | 11,054,080 | 10,115,185 | 9,051,262 | 7,787,473 | 6,762,318 | 5,818,954 | 5,019,673 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Operating Profit | 2,579,030 | 2,782,554 | 1,661,657 | 847,923 | 1,372,023 | 1,195,959 | 1,310,785 | 1,613,209 | 1,450,808 | 1,394,073 | 1,040,976 | 1,019,014 |
Depreciation | 2,277,912 | 1,832,618 | 1,445,940 | 1,339,718 | 1,315,424 | 1,240,072 | 1,286,298 | 1,163,040 | 1,129,320 | 975,204 | 767,443 | 582,072 |
Amortisation | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 |
Tax | -621,842 | -405,677 | -364,895 | -83,110 | -267,035 | -195,793 | -173,972 | -283,197 | -346,705 | -374,115 | -202,376 | -214,524 |
Stock | -571,688 | -832,194 | 2,414 | -70,101 | 1,537,784 | -1,053,594 | 1,074,922 | 241,292 | -31,366 | 725,365 | -512,983 | 3,022,208 |
Debtors | -1,040,695 | 1,474,051 | 371,288 | -323,082 | -278,528 | 483,084 | 282,480 | 526,461 | -551,064 | 459,666 | -93,742 | 1,219,505 |
Creditors | -301,021 | 455,937 | 466,787 | -548,413 | -137,393 | 559,575 | 618,287 | -181,281 | -922,589 | 709,323 | -361,979 | 1,098,626 |
Accruals and Deferred Income | 121,475 | 605,615 | 97,857 | -202,941 | -508,783 | -126,436 | -313,185 | 893,685 | 50,145 | 6,371 | -55,682 | 354,806 |
Deferred Taxes & Provisions | 367,908 | 170,053 | 223,949 | 69,086 | 8,864 | -8,421 | -28,808 | 116,574 | 121,906 | 137,523 | 0 | 0 |
Cash flow from operations | 6,110,845 | 4,874,243 | 3,232,593 | 1,890,446 | 598,844 | 3,310,466 | 1,417,003 | 2,629,277 | 2,140,315 | 1,738,348 | 1,870,107 | -1,326,719 |
Investing Activities | ||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | -2,022,209 | -702,981 | -1,591,742 | -1,466,895 | -2,650,697 | -1,619,004 | -2,178,395 |
Change in Investments | 155,000 | 0 | 14,351 | 68,219 | 712,026 | 0 | 262,457 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | -155,000 | 0 | -14,351 | -68,219 | -712,026 | -2,022,209 | -965,438 | -1,591,742 | -1,466,895 | -2,650,697 | -1,619,004 | -2,178,395 |
Financing Activities | ||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -50,138 | -51,000 | -4,750 | -80,413 | 377,855 | 0 | 0 | -1,165,025 | 709,333 | 286,000 | 3,652 | 166,040 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -937,426 | -144,131 | 31,557 | 1,050,000 |
Hire Purchase and Lease Commitments | 1,711,222 | 1,171,175 | 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 |
share issue | ||||||||||||
interest | -80,799 | -44,881 | -49,326 | -79,840 | -61,694 | -61,271 | -72,890 | -66,227 | -78,948 | -76,594 | -39,319 | -45,661 |
cash flow from financing | 1,580,285 | 1,075,299 | -54,076 | -160,253 | 316,161 | -61,271 | -72,890 | -1,231,248 | -307,041 | 65,275 | -4,110 | 5,431,223 |
cash and cash equivalents | ||||||||||||
cash | 2,619,633 | 109,642 | 608,158 | -42,619 | -370,563 | 429,880 | -12,512 | -228,413 | 26,270 | -120,352 | 324,541 | 87,834 |
overdraft | -997,207 | -1,406,435 | 555,160 | 273,969 | 568,996 | -765,762 | -470,379 | 224,068 | -318,079 | 788,793 | 187,404 | 1,359,472 |
change in cash | 3,616,840 | 1,516,077 | 52,998 | -316,588 | -939,559 | 1,195,642 | 457,867 | -452,481 | 344,349 | -909,145 | 137,137 | -1,271,638 |
P&L
March 2023turnover
24.9m
-11%
operating profit
2.6m
-7%
gross margin
16.8%
+8.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
18.2m
+0.11%
total assets
24.9m
+0.12%
cash
3.4m
+3.23%
net assets
Total assets minus all liabilities
drumcairn holdings limited company details
company number
NI607160
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
April 2011
age
13
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
drumcairn loughgall road, armagh, co.armagh, BT61 7NN
last accounts submitted
March 2023
drumcairn holdings 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 drumcairn holdings limited.
drumcairn holdings limited Companies House Filings - See Documents
date | description | view/download |
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