glenrea farms limited
glenrea farms limited Company Information
Company Number
NI619069
Website
-Registered Address
16 church street, dungannon, tyrone, BT71 6AB
Industry
Raising of dairy cattle
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Margaret Bingham10 Years
Shareholders
margaret bingham 50%
robert noel bingham 50%
glenrea farms limited Estimated Valuation
Pomanda estimates the enterprise value of GLENREA FARMS LIMITED at £556.4k based on a Turnover of £1.6m and 0.35x industry multiple (adjusted for size and gross margin).
glenrea farms limited Estimated Valuation
Pomanda estimates the enterprise value of GLENREA FARMS LIMITED at £1.8m based on an EBITDA of £377.8k and a 4.82x industry multiple (adjusted for size and gross margin).
glenrea farms limited Estimated Valuation
Pomanda estimates the enterprise value of GLENREA FARMS LIMITED at £0 based on Net Assets of £-54.1k and 1.49x industry multiple (adjusted for liquidity).
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Glenrea Farms Limited Overview
Glenrea Farms Limited is a live company located in tyrone, BT71 6AB with a Companies House number of NI619069. It operates in the raising of dairy cattle sector, SIC Code 01410. Founded in June 2013, it's largest shareholder is margaret bingham with a 50% stake. Glenrea Farms Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.
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Glenrea Farms Limited Health Check
Pomanda's financial health check has awarded Glenrea Farms Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £1.6m, make it larger than the average company (£1.3m)
- Glenrea Farms Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.4%)
- Glenrea Farms Limited
3.4% - Industry AVG
Production
with a gross margin of 23.1%, this company has a comparable cost of product (28.8%)
- Glenrea Farms Limited
28.8% - Industry AVG
Profitability
an operating margin of 23.8% make it more profitable than the average company (9.8%)
- Glenrea Farms Limited
9.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - Glenrea Farms Limited
7 - Industry AVG
Pay Structure
on an average salary of £28.5k, the company has an equivalent pay structure (£28.5k)
- Glenrea Farms Limited
£28.5k - Industry AVG
Efficiency
resulting in sales per employee of £793.8k, this is more efficient (£234.9k)
- Glenrea Farms Limited
£234.9k - Industry AVG
Debtor Days
it gets paid by customers after 121 days, this is later than average (32 days)
- Glenrea Farms Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is quicker than average (59 days)
- Glenrea Farms Limited
59 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Glenrea Farms Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Glenrea Farms Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.1%, this is a higher level of debt than the average (50.3%)
108.1% - Glenrea Farms Limited
50.3% - Industry AVG
GLENREA FARMS LIMITED financials
Glenrea Farms Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of -£54.1 thousand. According to their latest financial statements, Glenrea Farms Limited has 2 employees and maintains cash reserves of 0 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | ||||||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 143,694 | 54,395 | 69,493 | 87,866 | 110,332 | 12,915 | 3,309 | 4,136 | 5,170 | 6,462 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 14,000 | 16,000 | 18,000 |
| 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 | 143,694 | 54,395 | 69,493 | 87,866 | 110,332 | 12,915 | 15,309 | 18,136 | 21,170 | 24,462 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 | 250,000 | 250,000 | 248,870 |
| Trade Debtors | 527,839 | 322,164 | 320,024 | 326,453 | 570,442 | 473,911 | 4,370 | 4,863 | 35,347 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 188,794 | 56,005 | 8,920 | 142,991 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 527,839 | 322,164 | 320,024 | 326,453 | 570,442 | 473,911 | 443,164 | 310,868 | 294,267 | 391,861 |
| total assets | 671,533 | 376,559 | 389,517 | 414,319 | 680,774 | 486,826 | 458,473 | 329,004 | 315,437 | 416,323 |
| 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 | 167,332 | 150,848 | 163,932 | 54,451 | 31,692 | 14,000 | 14,000 | 16,506 | 31,788 | 42,879 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 167,332 | 150,848 | 163,932 | 54,451 | 31,692 | 14,000 | 14,000 | 16,506 | 31,788 | 42,879 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 558,346 | 585,900 | 611,058 | 631,493 | 352,731 | 341,318 | 426,469 | 281,584 | 219,723 | 316,437 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 558,346 | 585,900 | 611,058 | 631,493 | 352,731 | 341,318 | 426,469 | 281,584 | 219,723 | 316,437 |
| total liabilities | 725,678 | 736,748 | 774,990 | 685,944 | 384,423 | 355,318 | 440,469 | 298,090 | 251,511 | 359,316 |
| net assets | -54,145 | -360,189 | -385,473 | -271,625 | 296,351 | 131,508 | 18,004 | 30,914 | 63,926 | 57,007 |
| total shareholders funds | -54,145 | -360,189 | -385,473 | -271,625 | 296,351 | 131,508 | 18,004 | 30,914 | 63,926 | 57,007 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 827 | 1,034 | 1,292 | 1,615 | ||||||
| Amortisation | 2,000 | 2,000 | 2,000 | 2,000 | ||||||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -250,000 | 0 | 0 | 1,130 | 248,870 |
| Debtors | 205,675 | 2,140 | -6,429 | -243,989 | 96,531 | 469,541 | -493 | -30,484 | 35,347 | 0 |
| Creditors | 16,484 | -13,084 | 109,481 | 22,759 | 17,692 | 0 | -2,506 | -15,282 | -11,091 | 42,879 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -27,554 | -25,158 | -20,435 | 278,762 | 11,413 | -85,151 | 144,885 | 61,861 | -96,714 | 316,437 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -188,794 | 132,789 | 47,085 | -134,071 | 142,991 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -188,794 | 132,789 | 47,085 | -134,071 | 142,991 |
glenrea farms limited Credit Report and Business Information
Glenrea Farms Limited Competitor Analysis
Perform a competitor analysis for glenrea farms limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
glenrea farms limited Ownership
GLENREA FARMS LIMITED group structure
Glenrea Farms Limited has no subsidiary companies.
Ultimate parent company
GLENREA FARMS LIMITED
NI619069
glenrea farms limited directors
Glenrea Farms Limited currently has 1 director, Ms Margaret Bingham serving since Jun 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Margaret Bingham | Northern Ireland | 75 years | Jun 2013 | - | Director |
P&L
March 2023turnover
1.6m
+31%
operating profit
377.8k
0%
gross margin
23.2%
+3.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-54.1k
-0.85%
total assets
671.5k
+0.78%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
glenrea farms limited company details
company number
NI619069
Type
Private limited with Share Capital
industry
01410 - Raising of dairy cattle
incorporation date
June 2013
age
11
accounts
Micro-Entity Accounts
ultimate parent company
previous names
gandolf limited (January 2014)
incorporated
UK
address
16 church street, dungannon, tyrone, BT71 6AB
last accounts submitted
March 2023
glenrea farms 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 glenrea farms limited.
glenrea farms limited Companies House Filings - See Documents
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