on track technicians ltd
on track technicians ltd Company Information
Company Number
NI641811
Website
-Registered Address
office 2, building 3, railway st, the sidings, lisburn, BT28 3AJ
Industry
Construction of railways and underground railways
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ott enterprises ltd 100%
on track technicians ltd Estimated Valuation
Pomanda estimates the enterprise value of ON TRACK TECHNICIANS LTD at £1.4m based on a Turnover of £9.8m and 0.15x industry multiple (adjusted for size and gross margin).
on track technicians ltd Estimated Valuation
Pomanda estimates the enterprise value of ON TRACK TECHNICIANS LTD at £2m based on an EBITDA of £968.2k and a 2.02x industry multiple (adjusted for size and gross margin).
on track technicians ltd Estimated Valuation
Pomanda estimates the enterprise value of ON TRACK TECHNICIANS LTD at £2.5m based on Net Assets of £1.6m and 1.52x industry multiple (adjusted for liquidity).
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On Track Technicians Ltd Overview
On Track Technicians Ltd is a live company located in lisburn, BT28 3AJ with a Companies House number of NI641811. It operates in the construction of railways and underground railways sector, SIC Code 42120. Founded in October 2016, it's largest shareholder is ott enterprises ltd with a 100% stake. On Track Technicians Ltd is a young, mid sized company, Pomanda has estimated its turnover at £9.8m with rapid growth in recent years.
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On Track Technicians Ltd Health Check
Pomanda's financial health check has awarded On Track Technicians Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
3 Weak
Size
annual sales of £9.8m, make it larger than the average company (£4.6m)
- On Track Technicians Ltd
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (8.3%)
- On Track Technicians Ltd
8.3% - Industry AVG
Production
with a gross margin of 25.2%, this company has a comparable cost of product (25.2%)
- On Track Technicians Ltd
25.2% - Industry AVG
Profitability
an operating margin of 7.8% make it as profitable than the average company (9%)
- On Track Technicians Ltd
9% - Industry AVG
Employees
with 126 employees, this is above the industry average (49)
126 - On Track Technicians Ltd
49 - Industry AVG
Pay Structure
on an average salary of £54.7k, the company has an equivalent pay structure (£54.7k)
- On Track Technicians Ltd
£54.7k - Industry AVG
Efficiency
resulting in sales per employee of £78.1k, this is less efficient (£140.4k)
- On Track Technicians Ltd
£140.4k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is near the average (61 days)
- On Track Technicians Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (33 days)
- On Track Technicians Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- On Track Technicians Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (33 weeks)
1 weeks - On Track Technicians Ltd
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.7%, this is a lower level of debt than the average (64.6%)
51.7% - On Track Technicians Ltd
64.6% - Industry AVG
on track technicians ltd Credit Report and Business Information
On Track Technicians Ltd Competitor Analysis
Perform a competitor analysis for on track technicians ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
on track technicians ltd Ownership
ON TRACK TECHNICIANS LTD group structure
On Track Technicians Ltd has no subsidiary companies.
on track technicians ltd directors
On Track Technicians Ltd currently has 3 directors. The longest serving directors include Mr Ryan Irwin (Oct 2016) and Mr Daryl Irwin (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ryan Irwin | Northern Ireland | 30 years | Oct 2016 | - | Director |
| Mr Daryl Irwin | Northern Ireland | 32 years | Oct 2016 | - | Director |
| Mr Lewis Irwin | Northern Ireland | 31 years | Oct 2016 | - | Director |
ON TRACK TECHNICIANS LTD financials
On Track Technicians Ltd's latest turnover from December 2022 is estimated at £9.8 million and the company has net assets of £1.6 million. According to their latest financial statements, On Track Technicians Ltd has 126 employees and maintains cash reserves of £48.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|
| 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 | 126 | 106 | 63 | 54 | 48 | 22 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 749,925 | 575,376 | 340,616 | 188,450 | 96,930 | 87,377 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 749,925 | 575,376 | 340,616 | 188,450 | 96,930 | 87,377 |
| Stock & work in progress | 0 | 30,000 | 52,784 | 296,000 | 207,893 | 0 |
| Trade Debtors | 1,734,841 | 1,499,139 | 1,156,756 | 8,836 | 3,431 | 48,005 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 734,190 | 278,084 | 60,531 | 119,383 | 31,578 | 0 |
| Cash | 48,900 | 82,567 | 18,414 | 230,555 | 1,683 | 0 |
| misc current assets | 80,000 | 30,000 | 0 | 0 | 0 | 0 |
| total current assets | 2,597,931 | 1,919,790 | 1,288,485 | 654,774 | 244,585 | 48,005 |
| total assets | 3,347,856 | 2,495,166 | 1,629,101 | 843,224 | 341,515 | 135,382 |
| Bank overdraft | 200,129 | 296 | 106,620 | 54 | 6 | 240 |
| Bank loan | 22,227 | 33,334 | 33,333 | 0 | 0 | 0 |
| Trade Creditors | 339,438 | 219,643 | 200,863 | 106,033 | 75,214 | 20,410 |
| Group/Directors Accounts | 15,587 | 79,938 | 54,321 | 59,708 | 63,595 | 74,827 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 166,892 | 134,529 | 65,624 | 29,244 | 7,139 | 0 |
| other current liabilities | 672,882 | 746,710 | 389,862 | 240,266 | 42,677 | 650 |
| total current liabilities | 1,417,155 | 1,214,450 | 850,623 | 435,305 | 188,631 | 96,127 |
| loans | 0 | 23,510 | 58,816 | 870 | 0 | 0 |
| hp & lease commitments | 312,408 | 252,451 | 138,682 | 71,965 | 27,557 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 312,408 | 275,961 | 197,498 | 72,835 | 27,557 | 0 |
| total liabilities | 1,729,563 | 1,490,411 | 1,048,121 | 508,140 | 216,188 | 96,127 |
| net assets | 1,618,293 | 1,004,755 | 580,980 | 335,084 | 125,327 | 39,255 |
| total shareholders funds | 1,618,293 | 1,004,755 | 580,980 | 335,084 | 125,327 | 39,255 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 199,773 | 184,224 | 85,153 | 47,113 | 2,950 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | -30,000 | -22,784 | -243,216 | 88,107 | 207,893 | 0 |
| Debtors | 691,808 | 559,936 | 1,089,068 | 93,210 | -12,996 | 48,005 |
| Creditors | 119,795 | 18,780 | 94,830 | 30,819 | 54,804 | 20,410 |
| Accruals and Deferred Income | -73,828 | 356,848 | 149,596 | 197,589 | 42,027 | 650 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | -11,107 | 1 | 33,333 | 0 | 0 | 0 |
| Group/Directors Accounts | -64,351 | 25,617 | -5,387 | -3,887 | -11,232 | 74,827 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -23,510 | -35,306 | 57,946 | 870 | 0 | 0 |
| Hire Purchase and Lease Commitments | 92,320 | 182,674 | 103,097 | 66,513 | 34,696 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -33,667 | 64,153 | -212,141 | 228,872 | 1,683 | 0 |
| overdraft | 199,833 | -106,324 | 106,566 | 48 | -234 | 240 |
| change in cash | -233,500 | 170,477 | -318,707 | 228,824 | 1,917 | -240 |
P&L
December 2022turnover
9.8m
+13%
operating profit
768.4k
0%
gross margin
25.2%
+16.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.6m
+0.61%
total assets
3.3m
+0.34%
cash
48.9k
-0.41%
net assets
Total assets minus all liabilities
on track technicians ltd company details
company number
NI641811
Type
Private limited with Share Capital
industry
42120 - Construction of railways and underground railways
incorporation date
October 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
office 2, building 3, railway st, the sidings, lisburn, BT28 3AJ
last accounts submitted
December 2022
on track technicians ltd 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 on track technicians ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
on track technicians ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
