craighill developments limited
craighill developments limited Company Information
Company Number
NI651546
Website
-Registered Address
4a enterprise road, bangor, co. down, BT19 7TA
Industry
Development of building projects
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
ballyeaston property ltd 50%
noel murphy 50%
craighill developments limited Estimated Valuation
Pomanda estimates the enterprise value of CRAIGHILL DEVELOPMENTS LIMITED at £659.3k based on a Turnover of £1.4m and 0.48x industry multiple (adjusted for size and gross margin).
craighill developments limited Estimated Valuation
Pomanda estimates the enterprise value of CRAIGHILL DEVELOPMENTS LIMITED at £3.2m based on an EBITDA of £864.7k and a 3.75x industry multiple (adjusted for size and gross margin).
craighill developments limited Estimated Valuation
Pomanda estimates the enterprise value of CRAIGHILL DEVELOPMENTS LIMITED at £0 based on Net Assets of £-640.9k and 1.33x industry multiple (adjusted for liquidity).
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Craighill Developments Limited Overview
Craighill Developments Limited is a live company located in co. down, BT19 7TA with a Companies House number of NI651546. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2018, it's largest shareholder is ballyeaston property ltd with a 50% stake. Craighill Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £1.4m with healthy growth in recent years.
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Craighill Developments Limited Health Check
Pomanda's financial health check has awarded Craighill Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.2m)
- Craighill Developments Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (2%)
- Craighill Developments Limited
2% - Industry AVG
Production
with a gross margin of 25.6%, this company has a comparable cost of product (25.6%)
- Craighill Developments Limited
25.6% - Industry AVG
Profitability
an operating margin of 62.5% make it more profitable than the average company (8.8%)
- Craighill Developments Limited
8.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Craighill Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £47k, the company has an equivalent pay structure (£47k)
- Craighill Developments Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £458.3k, this is more efficient (£278.5k)
- Craighill Developments Limited
£278.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Craighill Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (31 days)
- Craighill Developments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 1505 days, this is more than average (187 days)
- Craighill Developments Limited
187 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Craighill Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.1%, this is a higher level of debt than the average (74.7%)
115.1% - Craighill Developments Limited
74.7% - Industry AVG
CRAIGHILL DEVELOPMENTS LIMITED financials
Craighill Developments Limited's latest turnover from March 2023 is estimated at £1.4 million and the company has net assets of -£640.9 thousand. According to their latest financial statements, Craighill Developments Limited has 3 employees and maintains cash reserves of £17.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 18,275 | 23,375 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,275 | 23,375 | 0 | 0 | 0 |
| Stock & work in progress | 4,221,618 | 4,211,143 | 2,179,000 | 2,107,783 | 1,827,966 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 606 | 310 | 3,502 | 1,178 | 13,267 |
| Cash | 17,206 | 12,242 | 6,480 | 4,341 | 169,018 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,239,430 | 4,223,695 | 2,188,982 | 2,113,302 | 2,010,251 |
| total assets | 4,257,705 | 4,247,070 | 2,188,982 | 2,113,302 | 2,010,251 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 697 | 912 | 152,320 | 78,253 | 26,520 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 4,601,689 | 0 | 0 | 1,000,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 296,230 | 172,596 | 205,570 | 478,399 | 198,266 |
| total current liabilities | 4,898,616 | 173,508 | 357,890 | 1,556,652 | 224,786 |
| loans | 0 | 5,012,199 | 2,539,090 | 1,000,000 | 2,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 5,012,199 | 2,539,090 | 1,000,000 | 2,000,000 |
| total liabilities | 4,898,616 | 5,185,707 | 2,896,980 | 2,556,652 | 2,224,786 |
| net assets | -640,911 | -938,637 | -707,998 | -443,350 | -214,535 |
| total shareholders funds | -640,911 | -938,637 | -707,998 | -443,350 | -214,535 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 5,100 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 10,475 | 2,032,143 | 71,217 | 279,817 | 1,827,966 |
| Debtors | 296 | -3,192 | 2,324 | -12,089 | 13,267 |
| Creditors | -215 | -151,408 | 74,067 | 51,733 | 26,520 |
| Accruals and Deferred Income | 123,634 | -32,974 | -272,829 | 280,133 | 198,266 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 4,601,689 | 0 | -1,000,000 | 1,000,000 | 0 |
| Long term loans | -5,012,199 | 2,473,109 | 1,539,090 | -1,000,000 | 2,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 4,964 | 5,762 | 2,139 | -164,677 | 169,018 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,964 | 5,762 | 2,139 | -164,677 | 169,018 |
craighill developments limited Credit Report and Business Information
Craighill Developments Limited Competitor Analysis
Perform a competitor analysis for craighill developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
craighill developments limited Ownership
CRAIGHILL DEVELOPMENTS LIMITED group structure
Craighill Developments Limited has no subsidiary companies.
Ultimate parent company
CRAIGHILL DEVELOPMENTS LIMITED
NI651546
craighill developments limited directors
Craighill Developments Limited currently has 3 directors. The longest serving directors include Mr Noel Murphy (Mar 2018) and Mr Stephen Bell (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Noel Murphy | Northern Ireland | 62 years | Mar 2018 | - | Director |
| Mr Stephen Bell | Northern Ireland | 49 years | Dec 2020 | - | Director |
| Mr William Quinn | Northern Ireland | 56 years | Apr 2022 | - | Director |
P&L
March 2023turnover
1.4m
+14%
operating profit
859.6k
0%
gross margin
25.6%
+6.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-640.9k
-0.32%
total assets
4.3m
0%
cash
17.2k
+0.41%
net assets
Total assets minus all liabilities
craighill developments limited company details
company number
NI651546
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2018
age
6
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
4a enterprise road, bangor, co. down, BT19 7TA
last accounts submitted
March 2023
craighill developments 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 found 3 charges/mortgages relating to craighill developments limited. Currently there are 3 open charges and 0 have been satisfied in the past.
craighill developments limited Companies House Filings - See Documents
| date | description | view/download |
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