Glenmore Generation Limited

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glenmore generation limited Company Information

Live

YoungMidHigh

Company Number

NI631386

Website

Registered Address

11 mill avenue sion mills, strabane, co. tyrone, BT82 9HE

Industry

Production of electricity

Distribution of electricity

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Karol McElhinney9 Years

Shareholders

thomas ernest fisher 100%

connective energy group limited 0%

glenmore generation limited Estimated Valuation

£55.4m

Pomanda estimates the enterprise value of GLENMORE GENERATION LIMITED at £55.4m based on Net Assets of £20.9m and 2.65x industry multiple (adjusted for liquidity).

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Glenmore Generation Limited is a live company located in co. tyrone, BT82 9HE with a Companies House number of NI631386. It operates in the production of electricity sector, SIC Code 35110. Founded in May 2015, it's largest shareholder is thomas ernest fisher with a 100% stake. Glenmore Generation Limited is a young, mid sized company, Pomanda has estimated its turnover at £7.1m with high growth in recent years.

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Pomanda's financial health check has awarded Glenmore Generation Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £7.1m, make it in line with the average company (£7.8m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (5.4%)

EXPORT

Glenmore Generation Limited's latest turnover from December 2022 is estimated at £7.1 million and the company has net assets of £20.9 million. According to their latest financial statements, we estimate that Glenmore Generation Limited has 20 employees and maintains cash reserves of £204.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Apr 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015
Turnover	7,065,288	3,327,225	3,315,016	3,994,087	4,868,528	870,997	239,963	20
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	3,296,767	1,695,981	1,831,930	2,149,752	2,339,290	404,804	112,394	11
Gross Profit	3,768,521	1,631,243	1,483,086	1,844,335	2,529,238	466,193	127,569	9
Admin Expenses	4,012,123	-13,724,268	-12,624,004	23,207,982	1,716,842	-528,117	-529,432	9
Operating Profit	-243,602	15,355,511	14,107,090	-21,363,647	812,396	994,310	657,001	0
Interest Payable	630,727	197,910	688	2,270,891	2,015,955	1,590,521	659,931	0
Interest Receivable	4,611	74	23	1,629	396	304	88	0
Pre-Tax Profit	-869,717	15,157,675	14,106,425	-23,632,909	-1,203,163	-595,907	-2,841	0
Tax	0	-2,879,958	-2,680,221	0	0	0	0	0
Profit After Tax	-869,717	12,277,717	11,426,204	-23,632,909	-1,203,163	-595,907	-2,841	0
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	-869,717	12,277,717	11,426,204	-23,632,909	-1,203,163	-595,907	-2,841	0
Employee Costs	1,371,390	568,961	679,970	761,134	751,448	186,974	62,151	61,110
Number Of Employees	20	9	12	12	12	3	1	1
EBITDA*	-243,602	15,355,511	14,958,587	-3,222,491	816,976	996,273	657,201	0

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Apr 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015
Tangible Assets	18,502,115	17,899,303	15,014,521	15,027,748	32,673,190	27,883,989	19,760,275	0
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	11,601,701	9,344,117	0	0	0	0	0	0
Total Fixed Assets	30,103,816	27,243,420	15,014,521	15,027,748	32,673,190	27,883,989	19,760,275	0
Stock & work in progress	35,554	0	0	35,441	0	0	0	0
Trade Debtors	324,726	192,931	143,877	304,756	644,123	105,566	0	2
Group Debtors	0	0	2,482,127	215,525	88,010	164,704	27,807	0
Misc Debtors	834,475	1,973,266	1,510,618	1,675,785	740,552	494,233	1,307,517	0
Cash	204,415	59,094	46,342	379,644	54,663	50,898	70,752	0
misc current assets	0	1	0	0	0	0	0	0
total current assets	1,399,170	2,225,292	4,182,964	2,611,151	1,527,348	815,401	1,406,076	2
total assets	31,502,986	29,468,712	19,197,485	17,638,899	34,200,538	28,699,390	21,166,351	2
Bank overdraft	2,747	65,769	22,564	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	2,003,573	538,326	563,810	553,369	357,544	75,104	33,964	0
Group/Directors Accounts	827,856	0	6,193,720	6,735,585	3,330,123	1,329,566	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	35,220	36,312	0	21,157	18,601	0	0	0
other current liabilities	701,950	672,042	991,074	316,860	293,310	72,142	17,442	0
total current liabilities	3,571,346	1,312,449	7,771,168	7,626,971	3,999,578	1,476,812	51,406	0
loans	6,942,598	6,267,343	0	35,374,976	31,910,673	27,821,324	21,117,784	0
hp & lease commitments	68,929	99,090	0	71,659	92,097	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0
total long term liabilities	7,011,527	6,366,433	0	35,446,635	32,002,770	27,821,324	21,117,784	0
total liabilities	10,582,873	7,678,882	7,771,168	43,073,606	36,002,348	29,298,136	21,169,190	0
net assets	20,920,113	21,789,830	11,426,317	-25,434,707	-1,801,810	-598,746	-2,839	2
total shareholders funds	20,920,113	21,789,830	11,426,317	-25,434,707	-1,801,810	-598,746	-2,839	2

	Dec 2022	Dec 2021	Apr 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015
Operating Activities
Operating Profit	-243,602	15,355,511	14,107,090	-21,363,647	812,396	994,310	657,001	0
Depreciation	0	0	851,497	18,141,156	4,580	1,963	200	0
Amortisation	0	0	0	0	0	0	0	0
Tax	0	-2,879,958	-2,680,221	0	0	0	0	0
Stock	35,554	0	0	35,441	0	0	0	0
Debtors	1,250,588	11,510,314	4,136,622	723,381	708,182	-570,821	1,335,322	2
Creditors	1,465,247	538,326	563,810	195,825	282,440	41,140	33,964	0
Accruals and Deferred Income	29,908	672,042	991,074	23,550	221,168	54,700	17,442	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	-34,589	2,175,607	9,696,628	-3,761,938	612,402	1,662,934	-626,715	-2
Investing Activities
capital expenditure	-602,812	-17,899,303	-15,866,018	-495,714	-4,793,781	-8,125,677	-19,760,475	0
Change in Investments	0	0	0	0	0	0	0	0
cash flow from investments	-602,812	-17,899,303	-15,866,018	-495,714	-4,793,781	-8,125,677	-19,760,475	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	827,856	0	6,193,720	3,405,462	2,000,557	1,329,566	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	675,255	6,267,343	0	3,464,303	4,089,349	6,703,540	21,117,784	0
Hire Purchase and Lease Commitments	-31,253	135,402	0	-17,882	110,698	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0
share issue	0	9,512,113	113	12	99	0	0	2
interest	-626,116	-197,836	-665	-2,269,262	-2,015,559	-1,590,217	-659,843	0
cash flow from financing	845,742	15,717,022	6,193,168	4,582,633	4,185,144	6,442,889	20,457,941	2
cash and cash equivalents
cash	145,321	59,094	46,342	324,981	3,765	-19,854	70,752	0
overdraft	-63,022	65,769	22,564	0	0	0	0	0
change in cash	208,343	-6,675	23,778	324,981	3,765	-19,854	70,752	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLENMORE GENERATION LIMITED group structure

Glenmore Generation Limited has no subsidiary companies.

Ultimate parent company

CONNECTIVE ENERGY GROUP LIMITED

IE709000

1 parent

GLENMORE GENERATION LIMITED

NI631386

GLENMORE GENERATION LIMITED Shareholders

thomas ernest fisher	100%
connective energy group limited	0%

Glenmore Generation Limited currently has 1 director, Mr Karol McElhinney serving since May 2015.

officer	country	age	start	end	role
Mr Karol McElhinney	Ireland	44 years	May 2015	-	Director

P&L

December 2022

turnover

7.1m

+112%

operating profit

-243.6k

gross margin

53.4%

+8.79%

turnover

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

Balance Sheet

December 2022

net assets

20.9m

-0.04%

total assets

31.5m

+0.07%

cash

204.4k

+2.46%

net assets

Total assets minus all liabilities

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company number

NI631386

Type

Private limited with Share Capital

industry

35110 - Production of electricity

35130 - Distribution of electricity

incorporation date

May 2015

age

accounts

Total Exemption Full

ultimate parent company

CONNECTIVE ENERGY GROUP LIMITED

previous names

N/A

incorporated

address

11 mill avenue sion mills, strabane, co. tyrone, BT82 9HE

last accounts submitted

December 2022

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 5 charges/mortgages relating to glenmore generation limited. Currently there are 3 open charges and 2 have been satisfied in the past.

glenmore generation limited Company Information

glenmore generation limited Estimated Valuation

glenmore generation limited Estimated Valuation

glenmore generation limited Estimated Valuation

Glenmore Generation Limited Overview

Glenmore Generation Limited Health Check

GLENMORE GENERATION LIMITED financials

glenmore generation limited Credit Report and Business Information

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glenmore generation limited Ownership

glenmore generation limited directors

glenmore generation limited company details

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