Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Pomanda estimates the enterprise value of HALO (BELFAST) REALISATIONS LIMITED at £5m based on a Turnover of £9.2m and 0.54x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of HALO (BELFAST) REALISATIONS LIMITED at £0 based on an EBITDA of £-10m and a 4.28x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of HALO (BELFAST) REALISATIONS LIMITED at £0 based on Net Assets of £-27.2m and 2.04x industry multiple (adjusted for liquidity).
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Halo (belfast) Realisations LimitedOverview
Halo (belfast) Realisations Limited is a live company located in belfast, BT1 3LP with a Companies House number of NI664860. It operates in the other engineering activities sector, SIC Code 71129. Founded in October 2019, it's largest shareholder is
harland & wolff holdings limited
with a 100% stake. Halo (belfast) Realisations Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£9.2m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Halo (Belfast) Realisations Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £9.2m, make it larger than the average company (£4.6m)
£9.2m - Halo (belfast) Realisations Limited
£4.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Halo (belfast) Realisations Limited
- - Industry AVG
Production
with a gross margin of 35.4%, this company has a comparable cost of product (32.6%)
35.4% - Halo (belfast) Realisations Limited
32.6% - Industry AVG
Profitability
an operating margin of -127.8% make it less profitable than the average company (5.7%)
-127.8% - Halo (belfast) Realisations Limited
5.7% - Industry AVG
Employees
with 202 employees, this is above the industry average (32)
202 - Halo (belfast) Realisations Limited
32 - Industry AVG
Pay Structure
on an average salary of £51.4k, the company has an equivalent pay structure (£56.8k)
£51.4k - Halo (belfast) Realisations Limited
£56.8k - Industry AVG
Efficiency
resulting in sales per employee of £45.7k, this is less efficient (£131.7k)
£45.7k - Halo (belfast) Realisations Limited
£131.7k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (66 days)
35 days - Halo (belfast) Realisations Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 158 days, this is slower than average (28 days)
158 days - Halo (belfast) Realisations Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 57 days, this is more than average (36 days)
57 days - Halo (belfast) Realisations Limited
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (19 weeks)
0 weeks - Halo (belfast) Realisations Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 173.2%, this is a higher level of debt than the average (58.6%)
173.2% - Halo (belfast) Realisations Limited
58.6% - Industry AVG
HALO (BELFAST) REALISATIONS LIMITED financials
EXPORT
Halo (Belfast) Realisations Limited's latest turnover from December 2022 is £9.2 million and the company has net assets of -£27.2 million. According to their latest financial statements, Halo (Belfast) Realisations Limited has 202 employees and maintains cash reserves of £13.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2022
Dec 2021
Jul 2020
Turnover
9,223,817
11,770,292
1,482,081
Other Income Or Grants
Cost Of Sales
5,961,808
8,379,752
1,168,334
Gross Profit
3,262,009
3,390,540
313,747
Admin Expenses
15,051,506
14,568,068
6,095,593
Operating Profit
-11,789,497
-11,177,528
-5,781,846
Interest Payable
1,596,196
2,520,068
941,307
Interest Receivable
8
227
6
Pre-Tax Profit
-13,385,685
-13,697,369
-6,723,147
Tax
Profit After Tax
-13,385,685
-13,697,369
-6,723,147
Dividends Paid
Retained Profit
-13,385,685
-13,697,369
-6,723,147
Employee Costs
10,376,059
9,903,583
2,842,543
Number Of Employees
202
79
81
EBITDA*
-10,014,749
-8,960,913
-4,690,908
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022
Dec 2021
Jul 2020
Tangible Assets
20,534,949
22,165,359
21,641,638
Intangible Assets
1,619,183
1,560,504
1,563,332
Investments & Other
100
100
100
Debtors (Due After 1 year)
Total Fixed Assets
22,154,232
23,725,963
23,205,070
Stock & work in progress
934,457
300,630
331,465
Trade Debtors
895,138
335,140
225,276
Group Debtors
11,253,686
5,974,473
Misc Debtors
1,947,706
923,404
962,846
Cash
13,284
334,300
34,939
misc current assets
total current assets
15,044,271
7,867,947
1,554,526
total assets
37,198,503
31,593,910
24,759,596
Bank overdraft
Bank loan
Trade Creditors
2,595,087
1,880,229
1,097,156
Group/Directors Accounts
45,262,446
22,444,710
6,347,908
other short term finances
3,867,000
1,104,885
hp & lease commitments
1,060,786
710,287
other current liabilities
1,863,882
4,337,569
2,855,598
total current liabilities
50,782,201
33,239,795
11,405,547
loans
1,250,000
2,090,000
hp & lease commitments
12,397,508
12,199,636
11,412,201
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
13,647,508
12,199,636
13,502,201
total liabilities
64,429,709
45,439,431
24,907,748
net assets
-27,231,206
-13,845,521
-148,152
total shareholders funds
-27,231,206
-13,845,521
-148,152
Dec 2022
Dec 2021
Jul 2020
Operating Activities
Operating Profit
-11,789,497
-11,177,528
-5,781,846
Depreciation
1,761,157
2,213,787
1,088,683
Amortisation
13,591
2,828
2,255
Tax
Stock
633,827
-30,835
331,465
Debtors
6,863,513
6,044,895
1,188,122
Creditors
714,858
783,073
1,097,156
Accruals and Deferred Income
-2,473,687
1,481,971
2,855,598
Deferred Taxes & Provisions
Cash flow from operations
-19,270,918
-12,709,929
-2,257,741
Investing Activities
capital expenditure
-203,017
-2,737,508
-24,295,908
Change in Investments
100
cash flow from investments
-203,017
-2,737,508
-24,296,008
Financing Activities
Bank loans
Group/Directors Accounts
22,817,736
16,096,802
6,347,908
Other Short Term Loans
-3,867,000
2,762,115
1,104,885
Long term loans
1,250,000
-2,090,000
2,090,000
Hire Purchase and Lease Commitments
548,371
1,497,722
11,412,201
other long term liabilities
share issue
6,574,995
interest
-1,596,188
-2,519,841
-941,301
cash flow from financing
19,152,919
15,746,798
26,588,688
cash and cash equivalents
cash
-321,016
299,361
34,939
overdraft
change in cash
-321,016
299,361
34,939
halo (belfast) realisations limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Perform a competitor analysis for halo (belfast) realisations limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in BT1 area or any other competitors across 12 key performance metrics.
halo (belfast) realisations limited Ownership
HALO (BELFAST) REALISATIONS LIMITED group structure
Halo (Belfast) Realisations Limited has 1 subsidiary company.
The sole shareholder of Halo (Belfast) Realisations Limited is Harland & Wolff Holdings Limited.
harland & wolff holdings limited
100%
halo (belfast) realisations limited directors
Halo (Belfast) Realisations Limited currently has 2 directors.
The longest serving directors include
Mr Russell Downs (Jul 2024) and
Mr Alan Fort (Sep 2024).
halo (belfast) realisations limited company details
company number
NI664860
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
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 15 charges/mortgages relating to halo (belfast) realisations limited. Currently there are 12 open charges and 3 have been satisfied in the past.
halo (belfast) realisations limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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halo (belfast) realisations limitedCompanies House Filings - See Documents
