source wind limited
source wind limited Company Information
Company Number
NI648215
Website
-Registered Address
37 dargan road, fortwilliam business park, belfast, BT3 9LZ
Industry
Production of electricity
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
colm mcclean 46.8%
cara barr 26.6%
View Allsource wind limited Estimated Valuation
Pomanda estimates the enterprise value of SOURCE WIND LIMITED at £625.2k based on a Turnover of £410k and 1.52x industry multiple (adjusted for size and gross margin).
source wind limited Estimated Valuation
Pomanda estimates the enterprise value of SOURCE WIND LIMITED at £7.1m based on an EBITDA of £1.6m and a 4.36x industry multiple (adjusted for size and gross margin).
source wind limited Estimated Valuation
Pomanda estimates the enterprise value of SOURCE WIND LIMITED at £4m based on Net Assets of £3.1m and 1.29x industry multiple (adjusted for liquidity).
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Source Wind Limited Overview
Source Wind Limited is a live company located in belfast, BT3 9LZ with a Companies House number of NI648215. It operates in the production of electricity sector, SIC Code 35110. Founded in September 2017, it's largest shareholder is colm mcclean with a 46.8% stake. Source Wind Limited is a young, micro sized company, Pomanda has estimated its turnover at £410k with rapid growth in recent years.
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Source Wind Limited Health Check
Pomanda's financial health check has awarded Source Wind Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £410k, make it smaller than the average company (£1.5m)
- Source Wind Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (7.6%)
- Source Wind Limited
7.6% - Industry AVG
Production
with a gross margin of 70.1%, this company has a comparable cost of product (70.1%)
- Source Wind Limited
70.1% - Industry AVG
Profitability
an operating margin of 348.9% make it more profitable than the average company (49.2%)
- Source Wind Limited
49.2% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
- Source Wind Limited
2 - Industry AVG
Pay Structure
on an average salary of £68.5k, the company has an equivalent pay structure (£68.5k)
- Source Wind Limited
£68.5k - Industry AVG
Efficiency
resulting in sales per employee of £205k, this is less efficient (£347.4k)
- Source Wind Limited
£347.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Source Wind Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 247 days, this is slower than average (22 days)
- Source Wind Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Source Wind Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 66 weeks, this is more cash available to meet short term requirements (11 weeks)
66 weeks - Source Wind Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.6%, this is a lower level of debt than the average (89.1%)
22.6% - Source Wind Limited
89.1% - Industry AVG
SOURCE WIND LIMITED financials
Source Wind Limited's latest turnover from April 2023 is estimated at £410 thousand and the company has net assets of £3.1 million. According to their latest financial statements, we estimate that Source Wind Limited has 2 employees and maintains cash reserves of £672.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 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
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,896,950 | 2,990,286 | 3,516,442 | 3,726,142 | 3,568,622 | 3,723,549 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 46,755 | 47,485 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,943,705 | 3,037,771 | 3,516,442 | 3,726,142 | 3,568,622 | 3,723,549 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 7 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 412,759 | 425,700 | 319,492 | 457,242 | 359,016 | 495,829 |
| Cash | 672,437 | 1,646,652 | 891,692 | 96,445 | 354,106 | 176,806 |
| misc current assets | 0 | 0 | 0 | 43,918 | 0 | 209,275 |
| total current assets | 1,085,196 | 2,072,352 | 1,211,184 | 597,605 | 713,129 | 881,910 |
| total assets | 4,028,901 | 5,110,123 | 4,727,626 | 4,323,747 | 4,281,751 | 4,605,459 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 83,140 | 53,208 | 13,642 | 14,662 | 111,616 | 40,448 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 1,555,132 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 441,903 | 2,758,438 | 3,527,358 | 3,557,471 | 3,194,043 | 2,528,980 |
| total current liabilities | 525,043 | 2,811,646 | 3,541,000 | 3,572,133 | 3,305,659 | 4,124,560 |
| 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 | 385,302 | 289,554 | 328,937 | 293,629 | 172,748 | 91,267 |
| total long term liabilities | 385,302 | 289,554 | 328,937 | 293,629 | 172,748 | 91,267 |
| total liabilities | 910,345 | 3,101,200 | 3,869,937 | 3,865,762 | 3,478,407 | 4,215,827 |
| net assets | 3,118,556 | 2,008,923 | 857,689 | 457,985 | 803,344 | 389,632 |
| total shareholders funds | 3,118,556 | 2,008,923 | 857,689 | 457,985 | 803,344 | 389,632 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 189,016 | 208,199 | 209,700 | 189,200 | 188,923 | 29,738 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -12,941 | 106,208 | -137,750 | 98,219 | -136,806 | 495,829 |
| Creditors | 29,932 | 39,566 | -1,020 | -96,954 | 71,168 | 40,448 |
| Accruals and Deferred Income | -2,316,535 | -768,920 | -30,113 | 363,428 | 665,063 | 2,528,980 |
| Deferred Taxes & Provisions | 95,748 | -39,383 | 35,308 | 120,881 | 81,481 | 91,267 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -730 | 47,485 | 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 | -1,555,132 | 1,555,132 |
| 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 | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -974,215 | 754,960 | 795,247 | -257,661 | 177,300 | 176,806 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -974,215 | 754,960 | 795,247 | -257,661 | 177,300 | 176,806 |
source wind limited Credit Report and Business Information
Source Wind Limited Competitor Analysis
Perform a competitor analysis for source wind limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other micro companies, companies in BT3 area or any other competitors across 12 key performance metrics.
source wind limited Ownership
SOURCE WIND LIMITED group structure
Source Wind Limited has no subsidiary companies.
Ultimate parent company
SOURCE WIND LIMITED
NI648215
source wind limited directors
Source Wind Limited currently has 3 directors. The longest serving directors include Mr Colm McClean (Sep 2017) and Mr Jonathan Barr (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colm McClean | United Kingdom | 51 years | Sep 2017 | - | Director |
| Mr Jonathan Barr | United Kingdom | 43 years | Sep 2017 | - | Director |
| Mr Gerard MacKle | Northern Ireland | 54 years | Mar 2022 | - | Director |
P&L
April 2023turnover
410k
+25%
operating profit
1.4m
0%
gross margin
70.1%
+11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
3.1m
+0.55%
total assets
4m
-0.21%
cash
672.4k
-0.59%
net assets
Total assets minus all liabilities
Similar Companies
source wind limited company details
company number
NI648215
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
September 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
37 dargan road, fortwilliam business park, belfast, BT3 9LZ
accountant
-
auditor
-
source wind limited 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 source wind limited.
source wind limited Companies House Filings - See Documents
| date | description | view/download |
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