fk lowry holdings limited
fk lowry holdings limited Company Information
Company Number
NI622051
Website
fklowry.comRegistered Address
rosemount house, 21-23 sydenham road, belfast, county antrim, BT3 9HA
Industry
Site preparation
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
lagan specialist contracting group holdings limited 96.2%
niall mcgill 3.8%
fk lowry holdings limited Estimated Valuation
Pomanda estimates the enterprise value of FK LOWRY HOLDINGS LIMITED at £6.2m based on a Turnover of £18.2m and 0.34x industry multiple (adjusted for size and gross margin).
fk lowry holdings limited Estimated Valuation
Pomanda estimates the enterprise value of FK LOWRY HOLDINGS LIMITED at £7.3m based on an EBITDA of £2.2m and a 3.35x industry multiple (adjusted for size and gross margin).
fk lowry holdings limited Estimated Valuation
Pomanda estimates the enterprise value of FK LOWRY HOLDINGS LIMITED at £1.1m based on Net Assets of £3.5m and 0.32x industry multiple (adjusted for liquidity).
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Fk Lowry Holdings Limited Overview
Fk Lowry Holdings Limited is a live company located in belfast, BT3 9HA with a Companies House number of NI622051. It operates in the site preparation sector, SIC Code 43120. Founded in December 2013, it's largest shareholder is lagan specialist contracting group holdings limited with a 96.2% stake. Fk Lowry Holdings Limited is a established, mid sized company, Pomanda has estimated its turnover at £18.2m with healthy growth in recent years.
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Fk Lowry Holdings Limited Health Check
Pomanda's financial health check has awarded Fk Lowry Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £18.2m, make it larger than the average company (£12m)
£18.2m - Fk Lowry Holdings Limited
£12m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.7%)
8% - Fk Lowry Holdings Limited
5.7% - Industry AVG
Production
with a gross margin of 11.5%, this company has a higher cost of product (25.1%)
11.5% - Fk Lowry Holdings Limited
25.1% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (6.7%)
1.8% - Fk Lowry Holdings Limited
6.7% - Industry AVG
Employees
with 46 employees, this is above the industry average (34)
46 - Fk Lowry Holdings Limited
34 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has a higher pay structure (£46.1k)
£58.2k - Fk Lowry Holdings Limited
£46.1k - Industry AVG
Efficiency
resulting in sales per employee of £394.8k, this is more efficient (£229k)
£394.8k - Fk Lowry Holdings Limited
£229k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (44 days)
42 days - Fk Lowry Holdings Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (48 days)
41 days - Fk Lowry Holdings Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is more than average (4 days)
20 days - Fk Lowry Holdings Limited
4 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fk Lowry Holdings Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.1%, this is a higher level of debt than the average (62.5%)
75.1% - Fk Lowry Holdings Limited
62.5% - Industry AVG
FK LOWRY HOLDINGS LIMITED financials
Fk Lowry Holdings Limited's latest turnover from March 2023 is £18.2 million and the company has net assets of £3.5 million. According to their latest financial statements, Fk Lowry Holdings Limited has 46 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 18,160,868 | 18,288,331 | 8,692,453 | 14,223,099 | 14,716,509 | 19,819,058 | 15,989,189 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 16,079,330 | 16,143,541 | 9,015,547 | 12,905,613 | 11,709,629 | 14,256,266 | 11,793,559 | ||
| Gross Profit | 2,081,538 | 2,144,790 | -323,094 | 1,317,486 | 3,006,880 | 5,562,792 | 4,195,630 | ||
| Admin Expenses | 1,753,064 | 1,311,845 | 816,928 | 1,591,864 | 1,909,221 | 4,523,281 | 2,200,167 | ||
| Operating Profit | 328,474 | 832,945 | -1,140,022 | -274,378 | 1,097,659 | 1,039,511 | 1,995,463 | ||
| Interest Payable | 182,627 | 220,775 | 191,544 | 270,026 | 239,349 | 283,003 | 330,499 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 145,847 | 612,170 | -1,331,566 | -544,404 | 858,310 | 756,508 | 1,664,964 | ||
| Tax | -45,288 | 53,684 | -27,072 | -10,937 | -75,223 | -136,279 | -276,662 | ||
| Profit After Tax | 100,559 | 665,854 | -1,358,638 | -555,341 | 783,087 | 620,229 | 1,388,302 | ||
| Dividends Paid | 2,000,076 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -1,899,517 | 665,854 | -1,358,638 | -555,341 | 783,087 | 620,229 | 1,388,302 | ||
| Employee Costs | 2,677,444 | 2,556,825 | 2,491,422 | 3,059,118 | 3,444,787 | 3,470,597 | 2,833,953 | ||
| Number Of Employees | 46 | 51 | 51 | 55 | 60 | 59 | 53 | ||
| EBITDA* | 2,191,006 | 2,603,161 | 637,625 | 1,804,816 | 3,392,510 | 3,942,202 | 5,465,671 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,367,420 | 8,582,137 | 7,435,689 | 8,465,472 | 9,537,838 | 11,953,336 | 10,357,607 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,543,759 | 2,543,759 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,367,420 | 8,582,137 | 7,435,689 | 8,465,472 | 9,537,838 | 11,953,336 | 10,357,607 | 2,543,759 | 2,543,759 |
| Stock & work in progress | 894,645 | 628,288 | 401,472 | 477,430 | 293,401 | 975,827 | 1,326,370 | 0 | 0 |
| Trade Debtors | 2,099,780 | 2,148,610 | 2,020,480 | 2,130,047 | 2,714,197 | 3,518,042 | 4,104,570 | 0 | 1 |
| Group Debtors | 852,716 | 467,228 | 134,130 | 569,696 | 1,349,874 | 4,643,786 | 822,265 | 500,000 | 0 |
| Misc Debtors | 1,021,143 | 577,537 | 188,364 | 294,888 | 533,825 | 49,111 | 158,174 | 1 | 0 |
| Cash | 0 | 0 | 0 | 1,314,850 | 1,157,233 | 1,445,915 | 3,183,384 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,868,284 | 3,821,663 | 2,744,446 | 4,786,911 | 6,048,530 | 10,632,681 | 9,594,763 | 500,001 | 1 |
| total assets | 14,235,704 | 12,403,800 | 10,180,135 | 13,252,383 | 15,586,368 | 22,586,017 | 19,952,370 | 3,043,760 | 2,543,760 |
| Bank overdraft | 3,348,569 | 438,370 | 224,036 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,817,414 | 1,192,817 | 571,059 | 649,505 | 1,339,782 | 1,805,152 | 1,233,212 | 0 | 104 |
| Group/Directors Accounts | 1,318,826 | 620,626 | 633,690 | 1,445,411 | 834,504 | 6,032,542 | 5,544,342 | 500,104 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,176,107 | 1,283,770 | 1,472,506 | 1,607,392 | 1,984,964 | 2,599,467 | 2,894,678 | 0 | 0 |
| other current liabilities | 1,100,786 | 1,737,754 | 1,228,900 | 1,107,711 | 2,024,550 | 1,483,467 | 865,165 | 0 | 0 |
| total current liabilities | 8,761,702 | 5,273,337 | 4,130,191 | 4,810,019 | 6,183,800 | 11,920,628 | 10,537,397 | 500,104 | 104 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,932,585 | 1,977,232 | 1,489,033 | 2,368,793 | 2,859,662 | 4,880,549 | 3,725,703 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 38,784 | 73,383 | 63,717 | 54,913 | 58,163 | 0 | 0 |
| total long term liabilities | 1,932,585 | 1,977,232 | 1,527,817 | 2,442,176 | 2,923,379 | 4,935,462 | 3,783,866 | 0 | 0 |
| total liabilities | 10,694,287 | 7,250,569 | 5,658,008 | 7,252,195 | 9,107,179 | 16,856,090 | 14,321,263 | 500,104 | 104 |
| net assets | 3,541,417 | 5,153,231 | 4,522,127 | 6,000,188 | 6,479,189 | 5,729,927 | 5,631,107 | 2,543,656 | 2,543,656 |
| total shareholders funds | 3,541,417 | 5,153,231 | 4,522,127 | 6,000,188 | 6,479,189 | 5,729,927 | 5,631,107 | 2,543,656 | 2,543,656 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 328,474 | 832,945 | -1,140,022 | -274,378 | 1,097,659 | 1,039,511 | 1,995,463 | ||
| Depreciation | 1,862,532 | 1,770,216 | 1,777,647 | 2,079,194 | 2,294,851 | 2,902,691 | 3,470,208 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -45,288 | 53,684 | -27,072 | -10,937 | -75,223 | -136,279 | -276,662 | ||
| Stock | 266,357 | 226,816 | -75,958 | 184,029 | -682,426 | -350,543 | 1,326,370 | 0 | 0 |
| Debtors | 780,264 | 850,401 | -651,657 | -1,603,265 | -3,613,043 | 3,125,930 | 4,585,008 | 500,000 | 1 |
| Creditors | 624,597 | 621,758 | -78,446 | -690,277 | -465,370 | 571,940 | 1,233,212 | -104 | 104 |
| Accruals and Deferred Income | -636,968 | 508,854 | 121,189 | -916,839 | 541,083 | 618,302 | 865,165 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -38,784 | -34,599 | 9,666 | 8,804 | -3,250 | 58,163 | 0 | 0 |
| Cash flow from operations | 1,086,726 | 2,671,456 | 1,346,312 | 1,615,665 | 7,697,273 | 2,217,528 | 1,434,171 | ||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 719,225 | 2,578,126 | 2,815,051 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -2,543,759 | 0 | 2,543,759 |
| cash flow from investments | 0 | 0 | 0 | 0 | 719,225 | 2,578,126 | 5,358,810 | ||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 698,200 | -13,064 | -811,721 | 610,907 | -5,198,038 | 488,200 | 5,044,238 | 500,104 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -152,310 | 299,463 | -1,014,646 | -868,441 | -2,635,390 | 859,635 | 6,620,381 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -182,627 | -220,775 | -191,544 | -270,026 | -239,349 | -283,003 | -330,499 | ||
| cash flow from financing | 650,966 | 30,874 | -2,137,334 | -451,220 | -8,106,602 | 543,423 | 13,033,269 | ||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | -1,314,850 | 157,617 | -288,682 | -1,737,469 | 3,183,384 | 0 | 0 |
| overdraft | 2,910,199 | 214,334 | 224,036 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,910,199 | -214,334 | -1,538,886 | 157,617 | -288,682 | -1,737,469 | 3,183,384 | 0 | 0 |
fk lowry holdings limited Credit Report and Business Information
Fk Lowry Holdings Limited Competitor Analysis
Perform a competitor analysis for fk lowry holdings limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in BT3 area or any other competitors across 12 key performance metrics.
fk lowry holdings limited Ownership
FK LOWRY HOLDINGS LIMITED group structure
Fk Lowry Holdings Limited has 2 subsidiary companies.
Ultimate parent company
LAGAN SPECIALIST CONTRACTING GROUP HOLDI
#0104537
1 parent
FK LOWRY HOLDINGS LIMITED
NI622051
2 subsidiaries
fk lowry holdings limited directors
Fk Lowry Holdings Limited currently has 5 directors. The longest serving directors include Mr Kevin Lagan (Dec 2013) and Mr Niall McGill (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Lagan | Northern Ireland | 42 years | Dec 2013 | - | Director |
| Mr Niall McGill | England | 50 years | Oct 2019 | - | Director |
| Mr David Ramsey | 37 years | Oct 2019 | - | Director | |
| Mr Sean Lavery | England | 53 years | May 2020 | - | Director |
| Mrs Jill Harrower-Steele | Northern Ireland | 46 years | Apr 2021 | - | Director |
P&L
March 2023turnover
18.2m
-1%
operating profit
328.5k
-61%
gross margin
11.5%
-2.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.5m
-0.31%
total assets
14.2m
+0.15%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
fk lowry holdings limited company details
company number
NI622051
Type
Private limited with Share Capital
industry
43120 - Site preparation
incorporation date
December 2013
age
11
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
rosemount house, 21-23 sydenham road, belfast, county antrim, BT3 9HA
accountant
-
auditor
CAVANAGH KELLY
fk lowry 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 found 3 charges/mortgages relating to fk lowry holdings limited. Currently there are 3 open charges and 0 have been satisfied in the past.
fk lowry holdings limited Companies House Filings - See Documents
| date | description | view/download |
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