climate source ltd Company Information
Company Number
NI626770
Website
www.climatesource.co.ukRegistered 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
View All
Directors
Michael Donaghy9 Years
Shareholders
michael donaghy 100%
climate source ltd Estimated Valuation
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
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
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).
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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
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.1m, make it larger than the average company (£346.3k)
- Climate Source Ltd
£346.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.7%)
- Climate Source Ltd
2.7% - Industry AVG
Production
with a gross margin of 17.2%, this company has a higher cost of product (27.8%)
- Climate Source Ltd
27.8% - Industry AVG
Profitability
an operating margin of 15.2% make it more profitable than the average company (6.8%)
- Climate Source Ltd
6.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (5)
3 - Climate Source Ltd
5 - Industry AVG
Pay Structure
on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)
- Climate Source Ltd
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £368.1k, this is more efficient (£110.8k)
- Climate Source Ltd
£110.8k - Industry AVG
Debtor Days
it gets paid by customers after 117 days, this is later than average (60 days)
- Climate Source Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 151 days, this is slower than average (45 days)
- Climate Source Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Climate Source Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Climate Source Ltd
- - Industry AVG
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
Climate Source Ltd Competitor Analysis
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 directors
Climate Source Ltd currently has 1 director, Mr Michael Donaghy serving since Sep 2014.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Michael Donaghy | Northern Ireland | 47 years | Sep 2014 | - | Director |
CLIMATE SOURCE LTD financials
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 House, Pomanda Estimates
Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 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 | ||||||||
Number Of Employees | 3 | 6 | 7 | 9 | 9 | |||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 22,173 | 29,593 | 12,807 | 17,073 | 22,764 | 13,746 | 18,329 | 10,691 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 22,173 | 29,593 | 12,807 | 17,073 | 22,764 | 13,746 | 18,330 | 10,692 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 27,000 | 0 | 0 |
Trade Debtors | 354,526 | 118,686 | 293,935 | 327,458 | 352,780 | 488,197 | 487,407 | 209,381 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 | 4,140 | 2,514 | 2,490 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 354,526 | 118,686 | 293,935 | 327,458 | 352,780 | 519,337 | 489,921 | 211,871 |
total assets | 376,699 | 148,279 | 306,742 | 344,531 | 375,544 | 533,083 | 508,251 | 222,563 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 378,134 | 251,638 | 347,492 | 384,392 | 421,426 | 379,132 | 419,370 | 184,584 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 378,134 | 251,638 | 347,492 | 384,392 | 421,426 | 379,132 | 419,370 | 184,584 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 62,221 | 96,256 | 100,000 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 62,221 | 96,256 | 100,000 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 440,355 | 347,894 | 447,492 | 384,392 | 421,426 | 379,132 | 419,370 | 184,584 |
net assets | -63,656 | -199,615 | -140,750 | -39,861 | -45,882 | 153,951 | 88,881 | 37,979 |
total shareholders funds | -63,656 | -199,615 | -140,750 | -39,861 | -45,882 | 153,951 | 88,881 | 37,979 |
Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | ||||||||
Depreciation | 4,583 | 6,112 | 3,564 | |||||
Amortisation | 0 | 0 | 0 | |||||
Tax | ||||||||
Stock | 0 | 0 | 0 | 0 | -27,000 | 27,000 | 0 | 0 |
Debtors | 235,840 | -175,249 | -33,523 | -25,322 | -135,417 | 790 | 278,026 | 209,381 |
Creditors | 126,496 | -95,854 | -36,900 | -37,034 | 42,294 | -40,238 | 234,786 | 184,584 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||
Investing Activities | ||||||||
capital expenditure | ||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 1 |
cash flow from investments | ||||||||
Financing Activities | ||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -34,035 | -3,744 | 100,000 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||
interest | ||||||||
cash flow from financing | ||||||||
cash and cash equivalents | ||||||||
cash | 0 | 0 | 0 | 0 | -4,140 | 1,626 | 24 | 2,490 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | -4,140 | 1,626 | 24 | 2,490 |
P&L
September 2022turnover
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 2022net 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
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.
climate source ltd Companies House Filings - See Documents
date | description | view/download |
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