Devon Home Improvements Limited

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devon home improvements limited Company Information

Live

MatureSmallHigh

Company Number

04809048

Website

www.devonhi.com

Registered Address

courtenay house pynes hill, exeter, EX2 5AZ

Industry

Other building completion and finishing

Telephone

441404812755

Next Accounts Due

March 2025

Group Structure

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Directors

Jason Brooks20 Years

Martyn Bunn20 Years

Shareholders

martyn philip bunn 50%

jason paul brooks 50%

devon home improvements limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of DEVON HOME IMPROVEMENTS LIMITED at £1.1m based on a Turnover of £3.6m and 0.31x industry multiple (adjusted for size and gross margin).

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Devon Home Improvements Limited is a live company located in exeter, EX2 5AZ with a Companies House number of 04809048. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in June 2003, it's largest shareholder is martyn philip bunn with a 50% stake. Devon Home Improvements Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with high growth in recent years.

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Pomanda's financial health check has awarded Devon Home Improvements Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £3.6m, make it larger than the average company (£322.8k)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DEVON HOME IMPROVEMENTS LIMITED group structure

Devon Home Improvements Limited has no subsidiary companies.

Ultimate parent company

DEVON HOME IMPROVEMENTS LIMITED

04809048

DEVON HOME IMPROVEMENTS LIMITED Shareholders

martyn philip bunn	50%
jason paul brooks	50%

Devon Home Improvements Limited currently has 2 directors. The longest serving directors include Mr Jason Brooks (Jun 2003) and Mr Martyn Bunn (Jun 2003).

officer	country	age	start	end	role
Mr Jason Brooks		51 years	Jun 2003	-	Director
Mr Martyn Bunn	England	52 years	Jun 2003	-	Director

EXPORT

Devon Home Improvements Limited's latest turnover from June 2023 is estimated at £3.6 million and the company has net assets of -£104.3 thousand. According to their latest financial statements, Devon Home Improvements Limited has 2 employees and maintains cash reserves of £20 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	3,588,852	2,934,949	2,204,918	2,084,689	1,452,411	101,468	105,048	1,427,550	2,585,708	1,205,768	584,887	1,225,446	526,766	207,587
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,681,040	2,236,161	1,600,894	1,459,449	1,008,246	70,428	71,950	974,355	1,743,215	812,749	422,636	860,878	369,693	144,654
Gross Profit	907,812	698,788	604,024	625,241	444,166	31,040	33,098	453,195	842,492	393,019	162,251	364,569	157,074	62,933
Admin Expenses	978,804	682,593	476,924	647,489	471,511	32,681	23,171	327,922	905,775	418,464	162,175	378,179	151,658	49,019
Operating Profit	-70,992	16,195	127,100	-22,248	-27,345	-1,641	9,927	125,273	-63,283	-25,445	76	-13,610	5,416	13,914
Interest Payable	39,678	11,510	17,680	26,586	12,336	0	12,847	13,361	0	0	0	0	0	0
Interest Receivable	973	243	0	8	1,160	1,610	439	8	95	500	413	250	266	17
Pre-Tax Profit	-109,696	4,928	109,420	-48,826	-38,521	-31	-2,482	111,920	-63,188	-24,945	488	-13,360	5,682	13,931
Tax	0	-936	-20,790	0	0	0	0	-22,384	0	0	-112	0	-1,477	-3,901
Profit After Tax	-109,696	3,992	88,630	-48,826	-38,521	-31	-2,482	89,536	-63,188	-24,945	376	-13,360	4,205	10,030
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-109,696	3,992	88,630	-48,826	-38,521	-31	-2,482	89,536	-63,188	-24,945	376	-13,360	4,205	10,030
Employee Costs	70,157	67,587	65,160	62,680	65,251	66,242	66,432	306,450	462,854	223,980	105,876	189,153	99,319	61,326
Number Of Employees	2	2	2	2	2	2	2	8	12	6	3	6	3	2
EBITDA*	-43,604	28,081	130,741	-17,019	-22,010	1,482	9,927	125,273	-63,283	-14,518	2,093	-11,483	6,979	15,429

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	79,796	111,455	28,540	11,134	16,363	9,848	11,800	15,633	27,018	35,342	5,796	2,563	4,690	5,143
Intangible Assets	0	0	0	0	95	95	95	95	95	95	95	95	95	95
Investments & Other	0	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	0
Total Fixed Assets	79,796	111,455	28,540	11,134	16,458	9,943	11,895	15,728	27,113	35,437	5,891	2,658	4,785	5,238
Stock & work in progress	627,512	419,720	329,277	665,275	543,005	2,000	2,000	807,000	514,555	210,971	11,222	135,083	450	21,111
Trade Debtors	0	0	0	0	0	11,554	0	4,750	8,197	2,183	5,967	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,181	13,381	0	15,913	8,939	1,026	557	0	0	0	0	0	0	0
Cash	20	38,915	28	69	16,113	293,233	350,651	246	2,938	34,910	165,062	1	99,832	6,652
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	629,713	472,016	329,305	681,257	568,057	307,813	353,208	811,996	525,690	248,064	182,251	135,084	100,282	27,763
total assets	709,509	583,471	357,845	692,391	584,515	317,756	365,103	827,724	552,803	283,501	188,142	137,742	105,067	33,001
Bank overdraft	38,157	0	23,988	25,786	0	0	0	411,109	0	0	0	0	0	0
Bank loan	406,406	205,556	5,556	431,143	365,513	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	2,942	2,370	2,259	2,151	14,319	639,683	307,193	186,889	136,865	90,830	22,969
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	14,471	13,712	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	17,090	259,921	282,893	270,507	255,010	315,354	362,778	399,640	0	0	0	0	0	0
total current liabilities	476,124	479,189	312,437	730,378	622,893	317,613	364,929	825,068	639,683	307,193	186,889	136,865	90,830	22,969
loans	32,870	38,426	43,982	49,217	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	45,963	60,438	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	0
other liabilities	258,830	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	337,663	98,864	43,982	49,217	0	0	0	0	0	0	0	0	0	0
total liabilities	813,787	578,053	356,419	779,595	622,893	317,613	364,929	825,068	639,683	307,193	186,889	136,865	90,830	22,969
net assets	-104,278	5,418	1,426	-87,204	-38,378	143	174	2,656	-86,880	-23,692	1,253	877	14,237	10,032
total shareholders funds	-104,278	5,418	1,426	-87,204	-38,378	143	174	2,656	-86,880	-23,692	1,253	877	14,237	10,032

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-70,992	16,195	127,100	-22,248	-27,345	-1,641	9,927	125,273	-63,283	-25,445	76	-13,610	5,416	13,914
Depreciation	27,388	11,886	3,641	5,229	5,335	3,123	0	0	0	10,927	2,017	2,127	1,563	1,515
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-936	-20,790	0	0	0	0	-22,384	0	0	-112	0	-1,477	-3,901
Stock	207,792	90,443	-335,998	122,270	541,005	0	-805,000	292,445	303,584	199,749	-123,861	134,633	-20,661	21,111
Debtors	-11,200	13,381	-15,913	6,974	-3,641	12,023	-4,193	-3,447	6,014	-3,784	5,967	0	0	0
Creditors	0	0	-2,942	572	111	108	-12,168	-625,364	332,490	120,304	50,024	46,035	67,861	22,969
Accruals and Deferred Income	-242,831	-22,972	12,386	15,497	-60,344	-47,424	-36,862	399,640	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-483,027	-99,651	471,306	-130,194	-619,607	-57,857	770,090	-411,833	-40,391	-90,179	169,899	-100,081	94,024	13,386
Investing Activities
capital expenditure	4,271	-94,801	-21,047	95	-11,850	-1,171	3,833	11,385	8,324	-40,473	-5,250	0	-1,110	-6,753
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	4,271	-94,801	-21,047	95	-11,850	-1,171	3,833	11,385	8,324	-40,473	-5,250	0	-1,110	-6,753
Financing Activities
Bank loans	200,850	200,000	-425,587	65,630	365,513	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,556	-5,556	-5,235	49,217	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-13,716	74,150	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	258,830	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	0	0	0	2
interest	-38,705	-11,267	-17,680	-26,578	-11,176	1,610	-12,408	-13,353	95	500	413	250	266	17
cash flow from financing	401,703	257,327	-448,502	88,269	354,337	1,610	-12,408	-13,353	95	500	413	250	266	19
cash and cash equivalents
cash	-38,895	38,887	-41	-16,044	-277,120	-57,418	350,405	-2,692	-31,972	-130,152	165,061	-99,831	93,180	6,652
overdraft	38,157	-23,988	-1,798	25,786	0	0	-411,109	411,109	0	0	0	0	0	0
change in cash	-77,052	62,875	1,757	-41,830	-277,120	-57,418	761,514	-413,801	-31,972	-130,152	165,061	-99,831	93,180	6,652

P&L

June 2023

turnover

3.6m

+22%

operating profit

-71k

gross margin

25.3%

+6.24%

turnover

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

Balance Sheet

June 2023

net assets

-104.3k

-20.25%

total assets

709.5k

+0.22%

cash

-1%

net assets

Total assets minus all liabilities

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company number

04809048

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

incorporation date

June 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

courtenay house pynes hill, exeter, EX2 5AZ

last accounts submitted

June 2023

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 7 charges/mortgages relating to devon home improvements limited. Currently there are 2 open charges and 5 have been satisfied in the past.

devon home improvements limited Company Information

devon home improvements limited Estimated Valuation

devon home improvements limited Estimated Valuation

devon home improvements limited Estimated Valuation

Devon Home Improvements Limited AI Business Plan

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