Acrow Formwork (n.i.) Ltd

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acrow formwork (n.i.) ltd Company Information

Live

MatureSmallLow

Company Number

NI047833

Website

www.acrowform.com

Registered Address

unit 10, granville industrial estate, dungannon, county tyrone, BT70 1NJ

Industry

Non-specialised wholesale trade

Telephone

02887726472

Next Accounts Due

June 2024

Group Structure

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Directors

Patrick Hughes20 Years

Eamon Jordan20 Years

Shareholders

jec group ltd 100%

acrow formwork (n.i.) ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of ACROW FORMWORK (N.I.) LTD at £2.1m based on Net Assets of £1.4m and 1.52x industry multiple (adjusted for liquidity).

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Acrow Formwork (n.i.) Ltd is a live company located in dungannon, BT70 1NJ with a Companies House number of NI047833. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in September 2003, it's largest shareholder is jec group ltd with a 100% stake. Acrow Formwork (n.i.) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with low growth in recent years.

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Pomanda's financial health check has awarded Acrow Formwork (N.I.) Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

8 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACROW FORMWORK (N.I.) LTD group structure

Acrow Formwork (N.I.) Ltd has no subsidiary companies.

Ultimate parent company

JEC GROUP LTD

NI041971

1 parent

ACROW FORMWORK (N.I.) LTD

NI047833

ACROW FORMWORK (N.I.) LTD Shareholders

jec group ltd

100%

Acrow Formwork (N.I.) Ltd currently has 2 directors. The longest serving directors include Mr Patrick Hughes (Sep 2003) and Mr Eamon Jordan (Sep 2003).

officer	country	age	start	end	role
Mr Patrick Hughes	Northern Ireland	81 years	Sep 2003	-	Director
Mr Eamon Jordan	Northern Ireland	65 years	Sep 2003	-	Director

EXPORT

Acrow Formwork (N.I.) Ltd's latest turnover from September 2022 is estimated at £3.7 million and the company has net assets of £1.4 million. According to their latest financial statements, Acrow Formwork (N.I.) Ltd has 11 employees and maintains cash reserves of £764.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,661,224	3,653,397	3,762,604	3,570,835	2,776,479	1,706,159	1,650,006	3,639,562	3,966,052	2,021,177	2,572,264	1,728,003	2,650,681
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,642,278	2,662,408	2,745,881	2,616,757	2,033,049	1,238,467	1,184,108	2,619,645	2,870,881	1,451,104	1,859,769	1,241,878	1,899,609
Gross Profit	1,018,946	990,989	1,016,723	954,078	743,431	467,692	465,898	1,019,917	1,095,171	570,072	712,495	486,125	751,072
Admin Expenses	926,933	867,381	937,614	864,946	683,153	236,886	-39,433	1,182,872	1,323,734	508,539	730,981	402,568	-325,782
Operating Profit	92,013	123,608	79,109	89,132	60,278	230,806	505,331	-162,955	-228,563	61,533	-18,486	83,557	1,076,854
Interest Payable	518	1,257	47,225	51,380	566	3,717	3,522	0	0	0	0	0	0
Interest Receivable	16,319	396	87	500	1,848	597	310	690	268	243	414	325	78
Pre-Tax Profit	107,815	122,747	31,972	38,252	61,560	227,686	502,119	-162,265	-228,295	61,776	-18,072	83,882	1,076,932
Tax	-20,485	-23,322	-6,075	-7,268	-11,696	-43,260	-100,424	0	0	-14,826	0	-23,487	-301,541
Profit After Tax	87,330	99,425	25,897	30,984	49,864	184,426	401,695	-162,265	-228,295	46,950	-18,072	60,395	775,391
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	87,330	99,425	25,897	30,984	49,864	184,426	401,695	-162,265	-228,295	46,950	-18,072	60,395	775,391
Employee Costs	449,179	422,437	374,512	369,135	360,102	211,597	206,577	436,107	463,400	228,929	291,359	221,808	349,775
Number Of Employees	11	11	10	10	10	6	6	13	14	7	9	7	11
EBITDA*	160,477	194,636	157,755	173,114	118,782	254,995	505,331	-151,289	-209,815	86,589	-1,250	117,429	1,121,638

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	886,033	878,927	716,122	760,456	675,115	445,484	459,257	51,836	58,182	64,490	27,386	30,114	92,235
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	886,033	878,927	716,122	760,456	675,115	445,484	459,257	51,836	58,182	64,490	27,386	30,114	92,235
Stock & work in progress	2,063,201	1,865,006	1,877,068	1,675,518	1,376,013	1,200,055	1,124,609	901,059	1,225,655	522,720	1,097,716	736,198	626,853
Trade Debtors	0	0	0	0	0	85,973	123,896	319,783	326,541	368,780	154,819	187,651	421,989
Group Debtors	1,521,310	1,211,248	887,962	0	71,866	0	55,765	0	0	0	0	0	0
Misc Debtors	0	909	16,168	0	759	125,151	173,352	0	0	111,296	0	0	0
Cash	764,330	686,287	105,010	69,970	63,463	429,371	48,465	199,392	76,791	30,481	66,761	98,702	31,167
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,348,841	3,763,450	2,886,208	2,373,577	1,512,101	1,840,550	1,526,087	1,420,234	1,628,987	1,033,277	1,319,296	1,022,551	1,080,009
total assets	5,234,874	4,642,377	3,602,330	3,134,033	2,187,216	2,286,034	1,985,344	1,472,070	1,687,169	1,097,767	1,346,682	1,052,665	1,172,244
Bank overdraft	7,838	4,716	36,499	32,322	10,527	6,235	112,706	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	10,646	66,814	88,852	130,038	38,699	66,155	40,294	995,074	984,341	228,317	527,801	216,879	396,853
Group/Directors Accounts	3,469,995	3,026,753	1,974,082	0	948,422	847,726	825,820	0	63,962	0	0	0	0
other short term finances	0	0	0	1,479,526	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	345,025	227,004	276,471	0	35,087	293,318	116,632	0	0	0	0	0	0
total current liabilities	3,833,504	3,325,287	2,375,904	1,895,342	1,032,735	1,213,434	1,095,452	995,074	1,048,303	228,317	527,801	216,879	396,853
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	47,644	50,694	59,455	0	44,391	12,374	14,092	2,891	2,496	4,785	1,166	0	0
total long term liabilities	47,644	50,694	59,455	97,617	44,391	12,374	14,092	2,891	2,496	4,785	1,166	0	0
total liabilities	3,881,148	3,375,981	2,435,359	1,992,959	1,077,126	1,225,808	1,109,544	997,965	1,050,799	233,102	528,967	216,879	396,853
net assets	1,353,726	1,266,396	1,166,971	1,141,074	1,110,090	1,060,226	875,800	474,105	636,370	864,665	817,715	835,786	775,391
total shareholders funds	1,353,726	1,266,396	1,166,971	1,141,074	1,110,090	1,060,226	875,800	474,105	636,370	864,665	817,715	835,786	775,391

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	92,013	123,608	79,109	89,132	60,278	230,806	505,331	-162,955	-228,563	61,533	-18,486	83,557	1,076,854
Depreciation	68,464	71,028	78,646	83,982	58,504	24,189	0	11,666	18,748	25,056	17,236	33,872	44,784
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-20,485	-23,322	-6,075	-7,268	-11,696	-43,260	-100,424	0	0	-14,826	0	-23,487	-301,541
Stock	198,195	-12,062	201,550	299,505	175,958	75,446	223,550	-324,596	702,935	-574,996	361,518	109,345	626,853
Debtors	309,153	308,027	904,130	-72,625	-138,499	-141,889	33,230	-6,758	-153,535	325,257	-32,832	-234,338	421,989
Creditors	-56,168	-22,038	-41,186	91,339	-27,456	25,861	-954,780	10,733	756,024	-299,484	310,922	-179,974	396,853
Accruals and Deferred Income	118,021	-49,467	276,471	-35,087	-258,231	176,686	116,632	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,050	-8,761	59,455	-44,391	32,017	-1,718	11,201	395	-2,289	3,619	1,166	0	0
Cash flow from operations	-308,553	-204,917	-659,260	-49,173	-184,043	479,007	-678,820	191,193	-5,480	25,637	-17,848	38,961	168,108
Investing Activities
capital expenditure	-75,570	-233,833	-34,312	-169,323	-288,135	-10,416	-407,421	-5,320	-12,440	-62,160	-14,508	28,249	-137,019
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-75,570	-233,833	-34,312	-169,323	-288,135	-10,416	-407,421	-5,320	-12,440	-62,160	-14,508	28,249	-137,019
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	443,242	1,052,671	1,974,082	-948,422	100,696	21,906	825,820	-63,962	63,962	0	0	0	0
Other Short Term Loans	0	0	-1,479,526	1,479,526	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	1	0	0
interest	15,801	-861	-47,138	-50,880	1,282	-3,120	-3,212	690	268	243	414	325	78
cash flow from financing	459,043	1,051,810	447,418	480,224	101,978	18,786	822,608	-63,272	64,230	243	415	325	78
cash and cash equivalents
cash	78,043	581,277	35,040	6,507	-365,908	380,906	-150,927	122,601	46,310	-36,280	-31,941	67,535	31,167
overdraft	3,122	-31,783	4,177	21,795	4,292	-106,471	112,706	0	0	0	0	0	0
change in cash	74,921	613,060	30,863	-15,288	-370,200	487,377	-263,633	122,601	46,310	-36,280	-31,941	67,535	31,167

P&L

September 2022

turnover

3.7m

operating profit

92k

gross margin

27.9%

+2.6%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

1.4m

+0.07%

total assets

5.2m

+0.13%

cash

764.3k

+0.11%

net assets

Total assets minus all liabilities

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company number

NI047833

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

September 2003

age

accounts

Total Exemption Full

ultimate parent company

JEC GROUP LTD

previous names

trio formwork ltd (November 2012)

woodfort limited (September 2003)

incorporated

address

unit 10, granville industrial estate, dungannon, county tyrone, BT70 1NJ

last accounts submitted

September 2022

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 acrow formwork (n.i.) ltd.

acrow formwork (n.i.) ltd Company Information

acrow formwork (n.i.) ltd Estimated Valuation

acrow formwork (n.i.) ltd Estimated Valuation

acrow formwork (n.i.) ltd Estimated Valuation

Acrow Formwork (n.i.) Ltd AI Business Plan

Acrow Formwork (n.i.) Ltd Overview

Acrow Formwork (n.i.) Ltd Health Check

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Acrow Formwork (n.i.) Ltd Competitor Analysis

acrow formwork (n.i.) ltd Ownership

acrow formwork (n.i.) ltd directors

ACROW FORMWORK (N.I.) LTD financials

acrow formwork (n.i.) ltd company details

acrow formwork (n.i.) ltd Charges & Mortgages

acrow formwork (n.i.) ltd Companies House Filings - See Documents