drumarg properties limited
drumarg properties limited Company Information
Company Number
NI623830
Website
-Registered Address
52 ogle street, armagh, BT61 7EW
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
02837510729
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
sheelagh mccague 100%
drumarg properties limited Estimated Valuation
Pomanda estimates the enterprise value of DRUMARG PROPERTIES LIMITED at £1.5m based on a Turnover of £648k and 2.35x industry multiple (adjusted for size and gross margin).
drumarg properties limited Estimated Valuation
Pomanda estimates the enterprise value of DRUMARG PROPERTIES LIMITED at £2.3m based on an EBITDA of £438k and a 5.16x industry multiple (adjusted for size and gross margin).
drumarg properties limited Estimated Valuation
Pomanda estimates the enterprise value of DRUMARG PROPERTIES LIMITED at £1.8m based on Net Assets of £1.1m and 1.6x industry multiple (adjusted for liquidity).
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Drumarg Properties Limited Overview
Drumarg Properties Limited is a live company located in armagh, BT61 7EW with a Companies House number of NI623830. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in April 2014, it's largest shareholder is sheelagh mccague with a 100% stake. Drumarg Properties Limited is a established, small sized company, Pomanda has estimated its turnover at £648k with healthy growth in recent years.
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Drumarg Properties Limited Health Check
Pomanda's financial health check has awarded Drumarg Properties Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £648k, make it in line with the average company (£801.6k)
- Drumarg Properties Limited
£801.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (1.9%)
- Drumarg Properties Limited
1.9% - Industry AVG
Production
with a gross margin of 33.1%, this company has a higher cost of product (74.3%)
- Drumarg Properties Limited
74.3% - Industry AVG
Profitability
an operating margin of 61.5% make it more profitable than the average company (36.9%)
- Drumarg Properties Limited
36.9% - Industry AVG
Employees
with 12 employees, this is above the industry average (4)
12 - Drumarg Properties Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.5k, the company has an equivalent pay structure (£30.5k)
- Drumarg Properties Limited
£30.5k - Industry AVG
Efficiency
resulting in sales per employee of £54k, this is less efficient (£172.7k)
- Drumarg Properties Limited
£172.7k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (30 days)
- Drumarg Properties Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 216 days, this is slower than average (37 days)
- Drumarg Properties Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Drumarg Properties Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 60 weeks, this is more cash available to meet short term requirements (15 weeks)
60 weeks - Drumarg Properties Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.3%, this is a higher level of debt than the average (62.7%)
75.3% - Drumarg Properties Limited
62.7% - Industry AVG
DRUMARG PROPERTIES LIMITED financials
Drumarg Properties Limited's latest turnover from March 2023 is estimated at £648 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Drumarg Properties Limited has 12 employees and maintains cash reserves of £301.4 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 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 107,094 | 76,395 | |||||||
| Number Of Employees | 12 | 10 | 10 | 7 | 9 | ||||
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,201,353 | 4,018,448 | 3,593,474 | 3,262,953 | 2,602,299 | 2,464,225 | 2,215,093 | 1,573,977 | 959,911 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,201,353 | 4,018,448 | 3,593,474 | 3,262,953 | 2,602,299 | 2,464,225 | 2,215,093 | 1,573,977 | 959,911 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 142,378 | 28,582 | 67,384 | 114,836 | 436,375 | 13,244 | 3,502 | 62,450 | 7,501 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 301,388 | 294,403 | 83,502 | 0 | 0 | 30,262 | 41,746 | 0 | 21,957 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 443,766 | 322,985 | 150,886 | 114,836 | 436,375 | 43,506 | 45,248 | 62,450 | 29,458 |
| total assets | 4,645,119 | 4,341,433 | 3,744,360 | 3,377,789 | 3,038,674 | 2,507,731 | 2,260,341 | 1,636,427 | 989,369 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 257,347 | 207,006 | 138,689 | 195,529 | 2,622,314 | 2,189,472 | 1,965,321 | 1,379,961 | 943,400 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 257,347 | 207,006 | 138,689 | 195,529 | 2,622,314 | 2,189,472 | 1,965,321 | 1,379,961 | 943,400 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,200 | 0 |
| other liabilities | 3,238,056 | 3,317,824 | 2,925,482 | 2,678,848 | 46,990 | 87,728 | 114,886 | 145,404 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,238,056 | 3,317,824 | 2,925,482 | 2,678,848 | 46,990 | 87,728 | 114,886 | 146,604 | 0 |
| total liabilities | 3,495,403 | 3,524,830 | 3,064,171 | 2,874,377 | 2,669,304 | 2,277,200 | 2,080,207 | 1,526,565 | 943,400 |
| net assets | 1,149,716 | 816,603 | 680,189 | 503,412 | 369,370 | 230,531 | 180,134 | 109,862 | 45,969 |
| total shareholders funds | 1,149,716 | 816,603 | 680,189 | 503,412 | 369,370 | 230,531 | 180,134 | 109,862 | 45,969 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 39,375 | 26,757 | 28,779 | 7,638 | |||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 113,796 | -38,802 | -47,452 | -321,539 | 423,131 | 9,742 | -58,948 | 54,949 | 7,501 |
| Creditors | 50,341 | 68,317 | -56,840 | -2,426,785 | 432,842 | 224,151 | 585,360 | 436,561 | 943,400 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | -1,200 | 1,200 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -79,768 | 392,342 | 246,634 | 2,631,858 | -40,738 | -27,158 | -30,518 | 145,404 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 6,985 | 210,901 | 83,502 | 0 | -30,262 | -11,484 | 41,746 | -21,957 | 21,957 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 6,985 | 210,901 | 83,502 | 0 | -30,262 | -11,484 | 41,746 | -21,957 | 21,957 |
drumarg properties limited Credit Report and Business Information
Drumarg Properties Limited Competitor Analysis
Perform a competitor analysis for drumarg properties limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
drumarg properties limited Ownership
DRUMARG PROPERTIES LIMITED group structure
Drumarg Properties Limited has no subsidiary companies.
Ultimate parent company
DRUMARG PROPERTIES LIMITED
NI623830
drumarg properties limited directors
Drumarg Properties Limited currently has 2 directors. The longest serving directors include Mrs Sheelagh McCague (Apr 2014) and Mr Vincent Mallon (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sheelagh McCague | Northern Ireland | 49 years | Apr 2014 | - | Director |
| Mr Vincent Mallon | Northern Ireland | 47 years | Aug 2014 | - | Director |
P&L
March 2023turnover
648k
+132%
operating profit
398.6k
0%
gross margin
33.2%
+2.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.1m
+0.41%
total assets
4.6m
+0.07%
cash
301.4k
+0.02%
net assets
Total assets minus all liabilities
drumarg properties limited company details
company number
NI623830
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
April 2014
age
10
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
52 ogle street, armagh, BT61 7EW
last accounts submitted
March 2023
drumarg properties 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 2 charges/mortgages relating to drumarg properties limited. Currently there are 2 open charges and 0 have been satisfied in the past.
drumarg properties limited Companies House Filings - See Documents
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