BALCAS TIMBER LIMITED
Operating as a subsidiary of Balcas Ltd, this Northern Ireland-based company runs a major sawmill producing construction timber and renewable energy products under the Balcas Timber and Balcas Energy brands.
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Cash
£30M
+6.4% vs 2023
Net assets
£74M
+23.1% vs 2023
Employees
344
-1.7% vs 2023
Profit before tax
£19M
-14.3% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-26
| Metric | Trend | 2023-12-28 | 2024-12-26 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £137,225,000 | £130,818,000 | -4.7% | |
| Operating profit | £21,132,000 | £17,558,000 | -16.9% | |
| Profit before tax | £21,852,000 | £18,722,000 | -14.3% | |
| Net profit | £16,662,000 | £13,954,000 | -16.3% | |
| Cash | £28,625,000 | £30,448,000 | +6.4% | |
| Total assets less current liabilities | £104,278,000 | £117,403,000 | +12.6% | |
| Net assets | £60,391,000 | £74,345,000 | +23.1% | |
| Equity | £60,391,000 | £74,345,000 | +23.1% | |
| Average employees | 350 | 344 | -1.7% | |
| Wages | £13,272,000 | £14,434,000 | +8.8% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-28 | 2024-12-26 |
|---|---|---|---|
| Operating margin | 15.4% | 13.4% | |
| Net margin | 12.1% | 10.7% | |
| Return on capital employed | 20.3% | 15.0% | |
| Current ratio | 5.48x | 5.85x | |
| Interest cover | 59.03x | 50.89x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties, that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Group structure
- BALCAS TIMBER LIMITED · parent
- Balcas SPV No.2 Limited 45%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MURPHY, Patrick Brian | Secretary | 2022-03-31 | — | — |
| GLENNON, Mike | Director | 2021-10-29 | Aug 1963 | Irish |
| GLENNON, Patrick John | Director | 2021-10-29 | Jan 1961 | Irish |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MURPHY, Brian | Secretary | 1991-10-18 | 2021-10-29 |
| KIDNEY, Andrew James | Director | 1991-10-18 | 2021-10-29 |
| KIDNEY, Ernest Smith | Director | 1991-10-18 | 2015-05-07 |
| KIDNEY, George | Director | 1991-10-18 | 2012-12-21 |
| MURPHY, Patrick Brian | Director | 2015-06-04 | 2021-10-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Balcas Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 146 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-11-05 RESOLUTIONS Resolution
- 2021-11-05 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-14 | AA | accounts | Accounts with accounts type full | |
| 2022-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-11-05 | RESOLUTIONS | resolution | Resolution | |
| 2021-11-05 | MA | incorporation | Memorandum articles | |
| 2021-11-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-11-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-03 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2021-11-03 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.