errigal homes limited

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errigal homes limited Company Information

Share ERRIGAL HOMES LIMITED

Company Number

NI684869

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

£408.3k

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

£0

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

£0

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).

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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.

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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

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £1m, make it larger than the average company (£535.4k)

£1m - Errigal Homes Limited

£535.4k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Errigal Homes Limited

- - Industry AVG

production

Production

with a gross margin of 19.8%, this company has a comparable cost of product (19.8%)

19.8% - Errigal Homes Limited

19.8% - Industry AVG

profitability

Profitability

an operating margin of -6.5% make it less profitable than the average company (5.1%)

-6.5% - Errigal Homes Limited

5.1% - Industry AVG

employees

Employees

with 5 employees, this is above the industry average (4)

5 - Errigal Homes Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)

£43.6k - Errigal Homes Limited

£43.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £202.6k, this is equally as efficient (£214.3k)

£202.6k - Errigal Homes Limited

£214.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Errigal Homes Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is quicker than average (30 days)

4 days - Errigal Homes Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1382 days, this is more than average (273 days)

1382 days - Errigal Homes Limited

273 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022
Turnover1,013,087958,547
Other Income Or Grants00
Cost Of Sales812,746769,585
Gross Profit200,341188,962
Admin Expenses266,405107,253
Operating Profit-66,06481,709
Interest Payable422,73585,500
Interest Receivable1,326806
Pre-Tax Profit-487,472-2,985
Tax00
Profit After Tax-487,472-2,985
Dividends Paid00
Retained Profit-487,472-2,985
Employee Costs217,808217,825
Number Of Employees55
EBITDA*-66,06481,709

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022
Tangible Assets00
Intangible Assets00
Investments & Other00
Debtors (Due After 1 year)00
Total Fixed Assets00
Stock & work in progress3,078,5732,307,739
Trade Debtors00
Group Debtors2,380,0000
Misc Debtors7,24115,373
Cash4,46046,066
misc current assets00
total current assets5,470,2742,369,178
total assets5,470,2742,369,178
Bank overdraft00
Bank loan00
Trade Creditors 9,60012,790
Group/Directors Accounts0556,360
other short term finances5,715,2851,800,000
hp & lease commitments00
other current liabilities235,7462,913
total current liabilities5,960,6312,372,063
loans00
hp & lease commitments00
Accruals and Deferred Income00
other liabilities00
provisions00
total long term liabilities00
total liabilities5,960,6312,372,063
net assets-490,357-2,885
total shareholders funds-490,357-2,885
Dec 2023Dec 2022
Operating Activities
Operating Profit-66,06481,709
Depreciation00
Amortisation00
Tax00
Stock770,8342,307,739
Debtors2,371,86815,373
Creditors-3,19012,790
Accruals and Deferred Income232,8332,913
Deferred Taxes & Provisions00
Cash flow from operations-2,979,123-2,225,700
Investing Activities
capital expenditure00
Change in Investments00
cash flow from investments00
Financing Activities
Bank loans00
Group/Directors Accounts-556,360556,360
Other Short Term Loans 3,915,2851,800,000
Long term loans00
Hire Purchase and Lease Commitments00
other long term liabilities00
share issue0100
interest-421,409-84,694
cash flow from financing2,937,5162,271,766
cash and cash equivalents
cash-41,60646,066
overdraft00
change in cash-41,60646,066

errigal homes 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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Errigal Homes Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

damien treanor 50%
cormac mccloskey 50%

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).

officercountryagestartendrole
Mr Cormac McCloskeyNorthern Ireland52 years Jan 2022- Director
Mr Damien TreanorEngland62 years Aug 2022- Director

P&L

December 2023

turnover

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 2023

net assets

-490.4k

+168.97%

total assets

5.5m

+1.31%

cash

4.5k

-0.9%

net assets

Total assets minus all liabilities

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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

None

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.

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errigal homes limited Companies House Filings - See Documents

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