errigal homes limited Company Information
Company Number
NI684869
Next Accounts
Sep 2025
Shareholders
damien treanor
cormac mccloskey
Group Structure
View All
Industry
Construction of domestic buildings
Registered Address
181 pollys brae road, dungiven, londonderry, BT47 4NX
Website
-errigal homes limited Estimated Valuation
Pomanda estimates the enterprise value of ERRIGAL HOMES LIMITED at £408.3k based on a Turnover of £1m and 0.4x industry multiple (adjusted for size and gross margin).
errigal homes limited Estimated Valuation
Pomanda estimates the enterprise value of ERRIGAL HOMES LIMITED at £0 based on an EBITDA of £-66.1k and a 3.43x industry multiple (adjusted for size and gross margin).
errigal homes limited Estimated Valuation
Pomanda estimates the enterprise value of ERRIGAL HOMES LIMITED at £0 based on Net Assets of £-490.4k and 1.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Errigal Homes Limited Overview
Errigal Homes Limited is a live company located in londonderry, BT47 4NX with a Companies House number of NI684869. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in January 2022, it's largest shareholder is damien treanor with a 50% stake. Errigal Homes Limited is a startup, small sized company, Pomanda has estimated its turnover at £1m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Errigal Homes Limited Health Check
Pomanda's financial health check has awarded Errigal Homes Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs


2 Strong

3 Regular

5 Weak

Size
annual sales of £1m, make it larger than the average company (£535.4k)
- Errigal Homes Limited
£535.4k - Industry AVG

Growth
There is insufficient data available for this Key Performance Indicator!
- Errigal Homes Limited
- - Industry AVG

Production
with a gross margin of 19.8%, this company has a comparable cost of product (19.8%)
- Errigal Homes Limited
19.8% - Industry AVG

Profitability
an operating margin of -6.5% make it less profitable than the average company (5.1%)
- Errigal Homes Limited
5.1% - Industry AVG

Employees
with 5 employees, this is above the industry average (4)
- Errigal Homes Limited
4 - Industry AVG

Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Errigal Homes Limited
£43.6k - Industry AVG

Efficiency
resulting in sales per employee of £202.6k, this is equally as efficient (£214.3k)
- Errigal Homes Limited
£214.3k - Industry AVG

Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Errigal Homes Limited
- - Industry AVG

Creditor Days
its suppliers are paid after 4 days, this is quicker than average (30 days)
- Errigal Homes Limited
30 days - Industry AVG

Stock Days
it holds stock equivalent to 1382 days, this is more than average (273 days)
- Errigal Homes Limited
273 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Errigal Homes Limited
14 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 109%, this is a higher level of debt than the average (71.8%)
109% - Errigal Homes Limited
71.8% - Industry AVG
ERRIGAL HOMES LIMITED financials

Errigal Homes Limited's latest turnover from December 2023 is estimated at £1 million and the company has net assets of -£490.4 thousand. According to their latest financial statements, we estimate that Errigal Homes Limited has 5 employees and maintains cash reserves of £4.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | |
---|---|---|
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
Dec 2023 | Dec 2022 | |
---|---|---|
Tangible Assets | 0 | 0 |
Intangible Assets | 0 | 0 |
Investments & Other | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 |
Total Fixed Assets | 0 | 0 |
Stock & work in progress | 3,078,573 | 2,307,739 |
Trade Debtors | 0 | 0 |
Group Debtors | 2,380,000 | 0 |
Misc Debtors | 7,241 | 15,373 |
Cash | 4,460 | 46,066 |
misc current assets | 0 | 0 |
total current assets | 5,470,274 | 2,369,178 |
total assets | 5,470,274 | 2,369,178 |
Bank overdraft | 0 | 0 |
Bank loan | 0 | 0 |
Trade Creditors | 9,600 | 12,790 |
Group/Directors Accounts | 0 | 556,360 |
other short term finances | 5,715,285 | 1,800,000 |
hp & lease commitments | 0 | 0 |
other current liabilities | 235,746 | 2,913 |
total current liabilities | 5,960,631 | 2,372,063 |
loans | 0 | 0 |
hp & lease commitments | 0 | 0 |
Accruals and Deferred Income | 0 | 0 |
other liabilities | 0 | 0 |
provisions | 0 | 0 |
total long term liabilities | 0 | 0 |
total liabilities | 5,960,631 | 2,372,063 |
net assets | -490,357 | -2,885 |
total shareholders funds | -490,357 | -2,885 |
Dec 2023 | Dec 2022 | |
---|---|---|
Operating Activities | ||
Operating Profit | ||
Depreciation | 0 | 0 |
Amortisation | 0 | 0 |
Tax | ||
Stock | 770,834 | 2,307,739 |
Debtors | 2,371,868 | 15,373 |
Creditors | -3,190 | 12,790 |
Accruals and Deferred Income | 232,833 | 2,913 |
Deferred Taxes & Provisions | 0 | 0 |
Cash flow from operations | ||
Investing Activities | ||
capital expenditure | ||
Change in Investments | 0 | 0 |
cash flow from investments | ||
Financing Activities | ||
Bank loans | 0 | 0 |
Group/Directors Accounts | -556,360 | 556,360 |
Other Short Term Loans | 3,915,285 | 1,800,000 |
Long term loans | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 |
other long term liabilities | 0 | 0 |
share issue | ||
interest | ||
cash flow from financing | ||
cash and cash equivalents | ||
cash | -41,606 | 46,066 |
overdraft | 0 | 0 |
change in cash | -41,606 | 46,066 |
errigal homes limited Credit Report and Business Information
Errigal Homes Limited Competitor Analysis

Perform a competitor analysis for errigal homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BT47 area or any other competitors across 12 key performance metrics.
errigal homes limited Ownership
ERRIGAL HOMES LIMITED group structure
Errigal Homes Limited has no subsidiary companies.
Ultimate parent company
ERRIGAL HOMES LIMITED
NI684869
errigal homes limited directors
Errigal Homes Limited currently has 2 directors. The longest serving directors include Mr Cormac McCloskey (Jan 2022) and Mr Damien Treanor (Aug 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Cormac McCloskey | Northern Ireland | 52 years | Jan 2022 | - | Director |
Mr Damien Treanor | England | 62 years | Aug 2022 | - | Director |
P&L
December 2023turnover
1m
+6%
operating profit
-66.1k
0%
gross margin
19.8%
+0.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-490.4k
+168.97%
total assets
5.5m
+1.31%
cash
4.5k
-0.9%
net assets
Total assets minus all liabilities
Similar Companies
errigal homes limited company details
company number
NI684869
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
January 2022
age
3
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
181 pollys brae road, dungiven, londonderry, BT47 4NX
Bank
-
Legal Advisor
-
errigal homes 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 1 charges/mortgages relating to errigal homes limited. Currently there are 0 open charges and 1 have been satisfied in the past.
errigal homes 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.
Click to start generating capital raising & share issue transactions for ERRIGAL HOMES LIMITED. This can take several minutes, an email will notify you when this has completed.
errigal homes limited Companies House Filings - See Documents
date | description | view/download |
---|