climate source ltd

3.5

climate source ltd Company Information

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Company Number

NI626770

Registered Address

35 cloghog road, dungannon, county tyrone, BT71 5EH

Industry

Plumbing, heat and air-conditioning installation

 

Telephone

02887722488

Next Accounts Due

June 2024

Group Structure

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Directors

Michael Donaghy9 Years

Shareholders

michael donaghy 100%

climate source ltd Estimated Valuation

£376.2k

Pomanda estimates the enterprise value of CLIMATE SOURCE LTD at £376.2k based on a Turnover of £1.1m and 0.34x industry multiple (adjusted for size and gross margin).

climate source ltd Estimated Valuation

£611.5k

Pomanda estimates the enterprise value of CLIMATE SOURCE LTD at £611.5k based on an EBITDA of £167.9k and a 3.64x industry multiple (adjusted for size and gross margin).

climate source ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of CLIMATE SOURCE LTD at £0 based on Net Assets of £-63.7k and 3.45x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from September 2022 

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Climate Source Ltd Overview

Climate Source Ltd is a live company located in county tyrone, BT71 5EH with a Companies House number of NI626770. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in September 2014, it's largest shareholder is michael donaghy with a 100% stake. Climate Source Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Climate Source Ltd Health Check

Pomanda's financial health check has awarded Climate Source Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £1.1m, make it larger than the average company (£346.3k)

£1.1m - Climate Source Ltd

£346.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.7%)

-4% - Climate Source Ltd

2.7% - Industry AVG

production

Production

with a gross margin of 17.2%, this company has a higher cost of product (27.8%)

17.2% - Climate Source Ltd

27.8% - Industry AVG

profitability

Profitability

an operating margin of 15.2% make it more profitable than the average company (6.8%)

15.2% - Climate Source Ltd

6.8% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (5)

3 - Climate Source Ltd

5 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)

£32.6k - Climate Source Ltd

£32.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £368.1k, this is more efficient (£110.8k)

£368.1k - Climate Source Ltd

£110.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 117 days, this is later than average (60 days)

117 days - Climate Source Ltd

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 151 days, this is slower than average (45 days)

151 days - Climate Source Ltd

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Climate Source Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Climate Source Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 116.9%, this is a higher level of debt than the average (66.6%)

116.9% - Climate Source Ltd

66.6% - Industry AVG

climate source ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Climate Source Ltd Competitor Analysis

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Perform a competitor analysis for climate source ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

climate source ltd Ownership

CLIMATE SOURCE LTD group structure

Climate Source Ltd has no subsidiary companies.

Ultimate parent company

CLIMATE SOURCE LTD

NI626770

CLIMATE SOURCE LTD Shareholders

michael donaghy 100%

climate source ltd directors

Climate Source Ltd currently has 1 director, Mr Michael Donaghy serving since Sep 2014.

officercountryagestartendrole
Mr Michael DonaghyNorthern Ireland47 years Sep 2014- Director

CLIMATE SOURCE LTD financials

EXPORTms excel logo

Climate Source Ltd's latest turnover from September 2022 is estimated at £1.1 million and the company has net assets of -£63.7 thousand. According to their latest financial statements, Climate Source Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015
Turnover1,104,318567,2551,064,6691,240,9571,313,5841,633,5011,960,839832,054
Other Income Or Grants00000000
Cost Of Sales914,028471,005872,5321,018,6321,062,5261,297,5501,560,089664,716
Gross Profit190,28996,249192,137222,325251,058335,951400,750167,338
Admin Expenses22,438155,114293,026214,892450,906255,626337,129119,872
Operating Profit167,851-58,865-100,8897,433-199,84880,32563,62147,466
Interest Payable00000000
Interest Receivable000016866
Pre-Tax Profit167,851-58,865-100,8897,433-199,83280,33363,62847,473
Tax-31,89200-1,4120-15,263-12,725-9,494
Profit After Tax135,959-58,865-100,8896,021-199,83265,07050,90237,978
Dividends Paid00000000
Retained Profit135,959-58,865-100,8896,021-199,83265,07050,90237,978
Employee Costs97,902198,208242,011309,337320,518259,547332,155107,091
Number Of Employees36799893
EBITDA*167,851-58,865-100,8897,433-199,84884,90869,73351,030

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015
Tangible Assets22,17329,59312,80717,07322,76413,74618,32910,691
Intangible Assets00000000
Investments & Other00000011
Debtors (Due After 1 year)00000000
Total Fixed Assets22,17329,59312,80717,07322,76413,74618,33010,692
Stock & work in progress0000027,00000
Trade Debtors354,526118,686293,935327,458352,780488,197487,407209,381
Group Debtors00000000
Misc Debtors00000000
Cash000004,1402,5142,490
misc current assets00000000
total current assets354,526118,686293,935327,458352,780519,337489,921211,871
total assets376,699148,279306,742344,531375,544533,083508,251222,563
Bank overdraft00000000
Bank loan00000000
Trade Creditors 378,134251,638347,492384,392421,426379,132419,370184,584
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities00000000
total current liabilities378,134251,638347,492384,392421,426379,132419,370184,584
loans00000000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities62,22196,256100,00000000
provisions00000000
total long term liabilities62,22196,256100,00000000
total liabilities440,355347,894447,492384,392421,426379,132419,370184,584
net assets-63,656-199,615-140,750-39,861-45,882153,95188,88137,979
total shareholders funds-63,656-199,615-140,750-39,861-45,882153,95188,88137,979
Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015
Operating Activities
Operating Profit167,851-58,865-100,8897,433-199,84880,32563,62147,466
Depreciation000004,5836,1123,564
Amortisation00000000
Tax-31,89200-1,4120-15,263-12,725-9,494
Stock0000-27,00027,00000
Debtors235,840-175,249-33,523-25,322-135,417790278,026209,381
Creditors126,496-95,854-36,900-37,03442,294-40,238234,786184,584
Accruals and Deferred Income00000000
Deferred Taxes & Provisions00000000
Cash flow from operations26,61520,530-104,266-5,6914,8631,61713,76816,739
Investing Activities
capital expenditure7,420-16,7864,2665,691-9,0180-13,750-14,255
Change in Investments00000-101
cash flow from investments7,420-16,7864,2665,691-9,0181-13,750-14,256
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans00000000
Hire Purchase and Lease Commitments00000000
other long term liabilities-34,035-3,744100,00000000
share issue0000-1001
interest000016866
cash flow from financing-34,035-3,744100,000015867
cash and cash equivalents
cash0000-4,1401,626242,490
overdraft00000000
change in cash0000-4,1401,626242,490

P&L

September 2022

turnover

1.1m

+95%

operating profit

167.9k

0%

gross margin

17.3%

+1.55%

turnover

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

Balance Sheet

September 2022

net assets

-63.7k

-0.68%

total assets

376.7k

+1.54%

cash

0

0%

net assets

Total assets minus all liabilities

climate source ltd company details

company number

NI626770

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

September 2014

age

10

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

UK

address

35 cloghog road, dungannon, county tyrone, BT71 5EH

last accounts submitted

September 2022

climate source ltd 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 climate source ltd.

charges

climate source ltd Companies House Filings - See Documents

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