benco developments ltd
benco developments ltd Company Information
Company Number
NI646193
Website
-Registered Address
27 college gardens, belfast, BT9 6BS
Industry
Development of building projects
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
jim hughes 50%
brian robinson 50%
benco developments ltd Estimated Valuation
Pomanda estimates the enterprise value of BENCO DEVELOPMENTS LTD at £1.6m based on a Turnover of £4.8m and 0.34x industry multiple (adjusted for size and gross margin).
benco developments ltd Estimated Valuation
Pomanda estimates the enterprise value of BENCO DEVELOPMENTS LTD at £503k based on an EBITDA of £197.3k and a 2.55x industry multiple (adjusted for size and gross margin).
benco developments ltd Estimated Valuation
Pomanda estimates the enterprise value of BENCO DEVELOPMENTS LTD at £289.4k based on Net Assets of £221.8k and 1.31x industry multiple (adjusted for liquidity).
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Benco Developments Ltd Overview
Benco Developments Ltd is a dissolved company that was located in belfast, BT9 6BS with a Companies House number of NI646193. It operated in the development of building projects sector, SIC Code 41100. Founded in June 2017, it's largest shareholder was jim hughes with a 50% stake. The last turnover for Benco Developments Ltd was estimated at £4.8m.
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Benco Developments Ltd Health Check
Pomanda's financial health check has awarded Benco Developments Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £4.8m, make it larger than the average company (£2m)
- Benco Developments Ltd
£2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Benco Developments Ltd
- - Industry AVG
Production
with a gross margin of 9.8%, this company has a higher cost of product (26.2%)
- Benco Developments Ltd
26.2% - Industry AVG
Profitability
an operating margin of 4.2% make it less profitable than the average company (10.3%)
- Benco Developments Ltd
10.3% - Industry AVG
Employees
with 7 employees, this is above the industry average (5)
- Benco Developments Ltd
5 - Industry AVG
Pay Structure
on an average salary of £44.3k, the company has an equivalent pay structure (£44.3k)
- Benco Developments Ltd
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £679.6k, this is more efficient (£275.5k)
- Benco Developments Ltd
£275.5k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (27 days)
- Benco Developments Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 115 days, this is slower than average (29 days)
- Benco Developments Ltd
29 days - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is less than average (242 days)
- Benco Developments Ltd
242 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (11 weeks)
1 weeks - Benco Developments Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (74%)
86% - Benco Developments Ltd
74% - Industry AVG
BENCO DEVELOPMENTS LTD financials
Benco Developments Ltd's latest turnover from March 2020 is estimated at £4.8 million and the company has net assets of £221.8 thousand. According to their latest financial statements, we estimate that Benco Developments Ltd has 7 employees and maintains cash reserves of £28.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 100 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 100 | 0 | 0 |
| Stock & work in progress | 407,500 | 1,210,000 | 0 |
| Trade Debtors | 1,143,267 | 1,845 | 100 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 28,710 | 113,190 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,579,477 | 1,325,035 | 100 |
| total assets | 1,579,577 | 1,325,035 | 100 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,357,818 | 1,263,162 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 1,357,818 | 1,263,162 | 0 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 1,357,818 | 1,263,162 | 0 |
| net assets | 221,759 | 61,873 | 100 |
| total shareholders funds | 221,759 | 61,873 | 100 |
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | -802,500 | 1,210,000 | 0 |
| Debtors | 1,141,422 | 1,745 | 100 |
| Creditors | 94,656 | 1,263,162 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 100 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -84,480 | 113,190 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | -84,480 | 113,190 | 0 |
benco developments ltd Credit Report and Business Information
Benco Developments Ltd Competitor Analysis
Perform a competitor analysis for benco developments ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
benco developments ltd Ownership
BENCO DEVELOPMENTS LTD group structure
Benco Developments Ltd has no subsidiary companies.
Ultimate parent company
BENCO DEVELOPMENTS LTD
NI646193
benco developments ltd directors
Benco Developments Ltd currently has 2 directors. The longest serving directors include Mr Jim Hughes (Jun 2017) and Mr Brian Robinson (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jim Hughes | Northern Ireland | 69 years | Jun 2017 | - | Director |
| Mr Brian Robinson | United Kingdom | 46 years | Jun 2017 | - | Director |
P&L
March 2020turnover
4.8m
+136%
operating profit
197.3k
0%
gross margin
9.9%
-4.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
221.8k
+2.58%
total assets
1.6m
+0.19%
cash
28.7k
-0.75%
net assets
Total assets minus all liabilities
Similar Companies
benco developments ltd company details
company number
NI646193
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2017
age
7
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
27 college gardens, belfast, BT9 6BS
last accounts submitted
March 2020
benco developments 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 benco developments ltd.
benco developments ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
