craft northern ireland
craft northern ireland Company Information
Company Number
NI642349
Registered Address
115-119 royal avenue, belfast, BT1 1FF
Industry
Artistic creation
Telephone
02890329342
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
craft northern ireland Estimated Valuation
Pomanda estimates the enterprise value of CRAFT NORTHERN IRELAND at £103.3k based on a Turnover of £281.8k and 0.37x industry multiple (adjusted for size and gross margin).
craft northern ireland Estimated Valuation
Pomanda estimates the enterprise value of CRAFT NORTHERN IRELAND at £21.2k based on an EBITDA of £10.9k and a 1.94x industry multiple (adjusted for size and gross margin).
craft northern ireland Estimated Valuation
Pomanda estimates the enterprise value of CRAFT NORTHERN IRELAND at £37.1k based on Net Assets of £77.7k and 0.48x industry multiple (adjusted for liquidity).
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Craft Northern Ireland Overview
Craft Northern Ireland is a live company located in belfast, BT1 1FF with a Companies House number of NI642349. It operates in the artistic creation sector, SIC Code 90030. Founded in November 2016, it's largest shareholder is unknown. Craft Northern Ireland is a young, micro sized company, Pomanda has estimated its turnover at £281.8k with healthy growth in recent years.
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Craft Northern Ireland Health Check
Pomanda's financial health check has awarded Craft Northern Ireland a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £281.8k, make it in line with the average company (£292.9k)
£281.8k - Craft Northern Ireland
£292.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.2%)
13% - Craft Northern Ireland
4.2% - Industry AVG
Production
with a gross margin of 48.4%, this company has a comparable cost of product (48.4%)
48.4% - Craft Northern Ireland
48.4% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (7.1%)
3.6% - Craft Northern Ireland
7.1% - Industry AVG
Employees
with 8 employees, this is above the industry average (6)
8 - Craft Northern Ireland
6 - Industry AVG
Pay Structure
on an average salary of £20.6k, the company has a lower pay structure (£25.8k)
£20.6k - Craft Northern Ireland
£25.8k - Industry AVG
Efficiency
resulting in sales per employee of £35.2k, this is less efficient (£72.4k)
£35.2k - Craft Northern Ireland
£72.4k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (16 days)
9 days - Craft Northern Ireland
16 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (28 days)
6 days - Craft Northern Ireland
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Craft Northern Ireland
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 351 weeks, this is more cash available to meet short term requirements (141 weeks)
351 weeks - Craft Northern Ireland
141 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.2%, this is a lower level of debt than the average (24.5%)
10.2% - Craft Northern Ireland
24.5% - Industry AVG
CRAFT NORTHERN IRELAND financials
Craft Northern Ireland's latest turnover from March 2023 is £281.8 thousand and the company has net assets of £77.7 thousand. According to their latest financial statements, Craft Northern Ireland has 8 employees and maintains cash reserves of £59.7 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 | |
|---|---|---|---|---|---|---|
| Turnover | 281,773 | 216,339 | 248,359 | 196,989 | 202,396 | 262,620 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 1,970 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 10,534 | 17,091 | 21,301 | -29,761 | 32,786 | 25,798 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 10,534 | 17,091 | 21,301 | -29,761 | 32,786 | 25,798 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 10,534 | 17,091 | 21,301 | -29,761 | 32,786 | 25,798 |
| Employee Costs | 164,652 | 103,040 | 99,508 | 0 | 58,498 | |
| Number Of Employees | 8 | 7 | 2 | 3 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 7,539 | 1,834 | 2,168 | 2,541 | 2,919 | 3,297 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,539 | 1,834 | 2,168 | 2,541 | 2,919 | 3,297 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,000 | 1,450 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 12,341 | 7,786 | 27,166 | 0 | 7,206 | 0 |
| Cash | 59,690 | 71,716 | 46,766 | 58,184 | 66,045 | 41,121 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 79,031 | 80,952 | 73,932 | 58,184 | 73,251 | 41,121 |
| total assets | 86,570 | 82,786 | 76,100 | 60,725 | 76,170 | 44,418 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,563 | 10,268 | 11,462 | 18,165 | 16,785 | 16,232 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,258 | 5,303 | 14,514 | 13,737 | 801 | 2,388 |
| total current liabilities | 8,821 | 15,571 | 25,976 | 31,902 | 17,586 | 18,620 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 8,821 | 15,571 | 25,976 | 31,902 | 17,586 | 18,620 |
| net assets | 77,749 | 67,215 | 50,124 | 28,823 | 58,584 | 25,798 |
| total shareholders funds | 77,749 | 67,215 | 50,124 | 28,823 | 58,584 | 25,798 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 681 | 334 | 373 | 378 | 378 | 174 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 10,105 | -17,930 | 27,166 | -7,206 | 7,206 | 0 |
| Creditors | -7,705 | -1,194 | -6,703 | 1,380 | 553 | 16,232 |
| Accruals and Deferred Income | 955 | -9,211 | 777 | 12,936 | -1,587 | 2,388 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 0 | 0 | 0 | 0 | 0 | -1,970 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | -1,970 |
| cash and cash equivalents | ||||||
| cash | -12,026 | 24,950 | -11,418 | -7,861 | 24,924 | 41,121 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -12,026 | 24,950 | -11,418 | -7,861 | 24,924 | 41,121 |
craft northern ireland Credit Report and Business Information
Craft Northern Ireland Competitor Analysis
Perform a competitor analysis for craft northern ireland by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in BT1 area or any other competitors across 12 key performance metrics.
craft northern ireland Ownership
CRAFT NORTHERN IRELAND group structure
Craft Northern Ireland has no subsidiary companies.
Ultimate parent company
CRAFT NORTHERN IRELAND
NI642349
craft northern ireland directors
Craft Northern Ireland currently has 10 directors. The longest serving directors include Ms Patricia Flanagan (Nov 2016) and Ms Patricia McNeill (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Patricia Flanagan | Northern Ireland | 61 years | Nov 2016 | - | Director |
| Ms Patricia McNeill | Northern Ireland | 62 years | Nov 2016 | - | Director |
| Mr Rory Shearer | Northern Ireland | 70 years | Nov 2016 | - | Director |
| Mr James Toland | Northern Ireland | 58 years | Nov 2016 | - | Director |
| Mrs Rachel Fitzpatrick-O'Neill | Northern Ireland | 43 years | Oct 2017 | - | Director |
| Ms Kimberley Mawhinney | Northern Ireland | 57 years | Oct 2017 | - | Director |
| Ms Cara Murohy | Northern Ireland | 55 years | May 2019 | - | Director |
| Dr Christopher McHugh | Northern Ireland | 48 years | Aug 2020 | - | Director |
| Ms Olivia Stewart | United Kingdom | 35 years | Jan 2021 | - | Director |
| Mr William Fitzpatrick | Northern Ireland | 62 years | Jun 2024 | - | Director |
P&L
March 2023turnover
281.8k
+30%
operating profit
10.2k
0%
gross margin
48.4%
-9.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
77.7k
+0.16%
total assets
86.6k
+0.05%
cash
59.7k
-0.17%
net assets
Total assets minus all liabilities
Similar Companies
craft northern ireland company details
company number
NI642349
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
90030 - Artistic creation
incorporation date
November 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
craft & design collective (August 2019)
last accounts submitted
March 2023
address
115-119 royal avenue, belfast, BT1 1FF
accountant
LOWRY GRANT
auditor
-
craft northern ireland 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 craft northern ireland.
craft northern ireland Companies House Filings - See Documents
| date | description | view/download |
|---|
