Wrb Energy Ltd

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wrb energy ltd Company Information

Live

EstablishedSmallHealthy

Company Number

NI618145

Website

https://wrbni.uk/

Registered Address

unit 8 somerton industrial estat, belfast, co antrim, BT3 9JP

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Kenneth Beckett4 Years

Hugh McManus0 Years

View All

Shareholders

renrock holding ltd 100%

wrb energy ltd Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of WRB ENERGY LTD at £1.4m based on an EBITDA of £421.7k and a 3.22x industry multiple (adjusted for size and gross margin).

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Wrb Energy Ltd is a live company located in co antrim, BT3 9JP with a Companies House number of NI618145. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in April 2013, it's largest shareholder is renrock holding ltd with a 100% stake. Wrb Energy Ltd is a established, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Wrb Energy Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £4.6m, make it in line with the average company (£5.7m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.2%)

EXPORT

Wrb Energy Ltd's latest turnover from March 2023 is estimated at £4.6 million and the company has net assets of -£470 thousand. According to their latest financial statements, Wrb Energy Ltd has 23 employees and maintains cash reserves of £32.9 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	Apr 2015	Apr 2014
Turnover	4,629,407	3,485,302	4,856,841	3,474,987	2,294,610	1,886,672	516,646	733,392	1,590,343	1,849,527
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,007,719	3,006,624	4,219,775	2,974,132	1,963,535	1,597,764	433,929	611,230	1,346,891	1,560,830
Gross Profit	621,688	478,677	637,066	500,855	331,075	288,908	82,717	122,161	243,452	288,696
Admin Expenses	254,984	1,861,098	361,134	325,387	295,548	53,963	50,754	252,617	131,046	238,347
Operating Profit	366,704	-1,382,421	275,932	175,468	35,527	234,945	31,963	-130,456	112,406	50,349
Interest Payable	0	0	0	0	0	5	4	0	0	0
Interest Receivable	3,675	1,270	151	91	400	158	103	331	395	178
Pre-Tax Profit	370,379	-1,381,151	276,083	175,559	35,927	235,099	32,061	-130,125	112,801	50,527
Tax	-70,372	0	-52,456	-33,356	-6,826	-44,669	-6,412	0	-22,560	-10,611
Profit After Tax	300,007	-1,381,151	223,627	142,203	29,101	190,430	25,649	-130,125	90,241	39,916
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	300,007	-1,381,151	223,627	142,203	29,101	190,430	25,649	-130,125	90,241	39,916
Employee Costs	1,024,449	1,107,501	790,448	721,552	461,690	203,608	80,059	77,715	193,336	226,969
Number Of Employees	23	26	19	17	11	5	2	2	5	6
EBITDA*	421,670	-1,307,400	349,211	231,711	70,628	248,607	48,159	-116,079	127,977	50,349

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014
Tangible Assets	80,624	101,453	287,636	431,931	355,301	59,937	18,639	34,835	46,712	57,468
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	80,624	101,453	287,636	431,931	355,301	59,937	18,639	34,835	46,712	57,468
Stock & work in progress	369,524	99,997	150,000	0	0	0	0	0	0	0
Trade Debtors	955,651	673,549	1,752,272	952,227	653,698	618,399	175,530	175,901	373,012	439,003
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	13,627	8,108	0	0	0
Cash	32,938	139,995	198,777	102,681	80,300	26,353	36,835	45,628	86,809	71,115
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,358,113	913,541	2,101,049	1,054,908	733,998	658,379	220,473	221,529	459,821	510,118
total assets	1,438,737	1,014,994	2,388,685	1,486,839	1,089,299	718,316	239,112	256,364	506,533	567,586
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,671,493	1,417,445	1,269,495	917,566	635,444	476,188	113,781	254,302	376,375	0
Group/Directors Accounts	0	0	0	0	0	0	24,358	0	0	0
other short term finances	0	0	0	0	0	0	141	0	0	0
hp & lease commitments	0	0	0	0	0	0	2,577	0	0	0
other current liabilities	0	0	0	0	0	0	72,474	0	0	0
total current liabilities	1,671,493	1,417,445	1,269,495	917,566	635,444	476,188	213,331	254,302	376,375	0
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	25,917	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	237,246	367,558	508,048	181,758	208,543	0	0	2,029	0	527,669
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	237,246	367,558	508,048	181,758	208,543	25,917	0	2,029	0	527,669
total liabilities	1,908,739	1,785,003	1,777,543	1,099,324	843,987	502,105	213,331	256,331	376,375	527,669
net assets	-470,002	-770,009	611,142	387,515	245,312	216,211	25,781	33	130,158	39,917
total shareholders funds	-470,002	-770,009	611,142	387,515	245,312	216,211	25,781	33	130,158	39,917

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014
Operating Activities
Operating Profit	366,704	-1,382,421	275,932	175,468	35,527	234,945	31,963	-130,456	112,406	50,349
Depreciation	54,966	75,021	73,279	56,243	35,101	13,662	16,196	14,377	15,571	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-70,372	0	-52,456	-33,356	-6,826	-44,669	-6,412	0	-22,560	-10,611
Stock	269,527	-50,003	150,000	0	0	0	0	0	0	0
Debtors	282,102	-1,078,723	800,045	298,529	21,672	448,388	7,737	-197,111	-65,991	439,003
Creditors	254,048	147,950	351,929	282,122	159,256	362,407	-140,521	-122,073	376,375	0
Accruals and Deferred Income	0	0	0	0	0	-72,474	72,474	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	53,717	-30,724	-301,361	181,948	201,386	45,483	-34,037	-41,041	547,783	-399,265
Investing Activities
capital expenditure	-34,137	111,162	71,016	-132,873	-330,465	-54,960	0	-2,500	-4,815	-57,468
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-34,137	111,162	71,016	-132,873	-330,465	-54,960	0	-2,500	-4,815	-57,468
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-24,358	24,358	0	0	0
Other Short Term Loans	0	0	0	0	0	-141	141	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-25,917	23,340	2,577	0	0	0
other long term liabilities	-130,312	-140,490	326,290	-26,785	208,543	0	-2,029	2,029	-527,669	527,669
share issue	0	0	0	0	0	0	99	0	0	1
interest	3,675	1,270	151	91	400	153	99	331	395	178
cash flow from financing	-126,637	-139,220	326,441	-26,694	183,026	-1,006	25,245	2,360	-527,274	527,848
cash and cash equivalents
cash	-107,057	-58,782	96,096	22,381	53,947	-10,482	-8,793	-41,181	15,694	71,115
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-107,057	-58,782	96,096	22,381	53,947	-10,482	-8,793	-41,181	15,694	71,115

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WRB ENERGY LTD group structure

Wrb Energy Ltd has no subsidiary companies.

Ultimate parent company

WRB ENERGY LTD

NI618145

WRB ENERGY LTD Shareholders

renrock holding ltd

100%

Wrb Energy Ltd currently has 3 directors. The longest serving directors include Mr Kenneth Beckett (Jul 2019) and Mr Hugh McManus (Mar 2024).

officer	country	age	start	end	role
Mr Kenneth Beckett	Northern Ireland	64 years	Jul 2019	-	Director
Mr Hugh McManus	Northern Ireland	41 years	Mar 2024	-	Director
Mr Garry Coffey	Northern Ireland	43 years	Apr 2024	-	Director

P&L

March 2023

turnover

4.6m

+33%

operating profit

366.7k

gross margin

13.5%

-2.22%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-470k

-0.39%

total assets

1.4m

+0.42%

cash

32.9k

-0.76%

net assets

Total assets minus all liabilities

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company number

NI618145

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

April 2013

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

unit 8 somerton industrial estat, belfast, co antrim, BT3 9JP

last accounts submitted

March 2023

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 2 charges/mortgages relating to wrb energy ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

wrb energy ltd Company Information

wrb energy ltd Estimated Valuation

wrb energy ltd Estimated Valuation

wrb energy ltd Estimated Valuation

Wrb Energy Ltd Overview

Wrb Energy Ltd Health Check

WRB ENERGY LTD financials

wrb energy ltd Credit Report and Business Information

Wrb Energy Ltd Competitor Analysis

wrb energy ltd Ownership

wrb energy ltd directors

wrb energy ltd company details

wrb energy ltd Charges & Mortgages

wrb energy ltd Companies House Filings - See Documents