Ducatt Heating Company Limited(the)

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ducatt heating company limited(the) Company Information

Live (In Liquidation)

MatureMidHealthy

Company Number

00157925

Website

www.ducatt.co.uk

Registered Address

the silverworks, 67-71 northwood street, birmingham, west midlands, B3 1TX

Industry

Plumbing, heat and air-conditioning installation

Other construction installation

Telephone

Next Accounts Due

1263 days late

Group Structure

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Directors

Philip Dainty32 Years

Mark Stinton11 Years

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Shareholders

philip andrew dainty 51%

mark craig stinton 46.9%

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ducatt heating company limited(the) Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of DUCATT HEATING COMPANY LIMITED(THE) at £2.3m based on Net Assets of £728.5k and 3.21x industry multiple (adjusted for liquidity).

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Ducatt Heating Company Limited(the) is a live company located in birmingham, B3 1TX with a Companies House number of 00157925. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in August 1919, it's largest shareholder is philip andrew dainty with a 51% stake. Ducatt Heating Company Limited(the) is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ducatt Heating Company Limited(The) a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £5.1m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (5.1%)

EXPORT

Ducatt Heating Company Limited(The)'s latest turnover from December 2018 is estimated at £5.1 million and the company has net assets of £728.5 thousand. According to their latest financial statements, Ducatt Heating Company Limited(The) has 29 employees and maintains cash reserves of £44.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	5,141,351	4,107,712	5,097,142	4,514,037	4,154,614	3,350,921	3,125,011	3,295,819	4,128,538	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,602,266	2,858,333	3,487,031	3,158,105	2,889,719	2,309,995	2,109,630	2,188,660	2,675,997	0
Gross Profit	1,539,085	1,249,379	1,610,112	1,355,932	1,264,895	1,040,926	1,015,382	1,107,159	1,452,541	0
Admin Expenses	1,535,201	1,424,693	1,650,124	1,360,896	1,314,838	983,661	912,329	1,214,284	1,518,429	-1,271,501
Operating Profit	3,884	-175,314	-40,012	-4,964	-49,943	57,265	103,053	-107,125	-65,888	1,271,501
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,093	1,912	1,242	2,375	2,597	3,053	2,182	1,479	1,995	1,057
Pre-Tax Profit	4,977	-173,402	-38,770	-2,589	-47,346	60,318	105,234	-105,646	-63,893	1,272,558
Tax	-946	0	0	0	0	-13,873	-25,256	0	0	-356,316
Profit After Tax	4,031	-173,402	-38,770	-2,589	-47,346	46,445	79,978	-105,646	-63,893	916,242
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,031	-173,402	-38,770	-2,589	-47,346	46,445	79,978	-105,646	-63,893	916,242
Employee Costs	1,110,678	1,005,401	1,045,221	1,098,474	968,318	784,267	749,871	870,535	1,164,311	0
Number Of Employees	29	29	29	30	27	22	22	25	35	0
EBITDA*	22,253	-173,763	-22,288	9,289	-32,541	77,910	117,919	-89,577	-45,625	1,292,572

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	351,757	375,017	298,270	292,927	307,678	317,255	314,909	330,507	340,141	347,254
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	100	100	100	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	351,857	375,117	298,370	293,027	307,778	317,355	314,909	330,507	340,141	347,254
Stock & work in progress	99,376	138,666	70,477	78,632	72,491	61,015	64,590	54,816	42,833	71,628
Trade Debtors	1,080,587	616,326	903,134	804,156	741,342	558,109	446,759	620,490	715,741	898,020
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	76,916	103,942	45,504	28,576	0	0	0	0	0	0
Cash	44,497	246,931	517,806	475,823	474,036	564,938	656,153	216,513	375,050	422,763
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,301,376	1,105,865	1,536,921	1,387,187	1,287,869	1,184,062	1,167,502	891,819	1,133,624	1,392,411
total assets	1,653,233	1,480,982	1,835,291	1,680,214	1,595,647	1,501,417	1,482,411	1,222,326	1,473,765	1,739,665
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	793,287	707,568	757,319	640,647	715,808	574,232	601,671	421,564	567,357	767,710
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	131,400	48,899	239,492	162,317	0	0	0	0	0	0
total current liabilities	924,687	756,467	996,811	802,964	715,808	574,232	601,671	421,564	567,357	767,710
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	1,654
total long term liabilities	0	0	0	0	0	0	0	0	0	1,654
total liabilities	924,687	756,467	996,811	802,964	715,808	574,232	601,671	421,564	567,357	769,364
net assets	728,546	724,515	838,480	877,250	879,839	927,185	880,740	800,762	906,408	970,301
total shareholders funds	728,546	724,515	838,480	877,250	879,839	927,185	880,740	800,762	906,408	970,301

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	3,884	-175,314	-40,012	-4,964	-49,943	57,265	103,053	-107,125	-65,888	1,271,501
Depreciation	18,369	1,551	17,724	14,253	17,402	20,645	14,866	17,548	20,263	21,071
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-946	0	0	0	0	-13,873	-25,256	0	0	-356,316
Stock	-39,290	68,189	-8,155	6,141	11,476	-3,575	9,774	11,983	-28,795	71,628
Debtors	437,235	-228,370	115,906	91,390	183,233	111,350	-173,731	-95,251	-182,279	898,020
Creditors	85,719	-49,751	116,672	-75,161	141,576	-27,439	180,107	-145,793	-200,353	767,710
Accruals and Deferred Income	82,501	-190,593	77,175	162,317	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-1,654	1,654
Cash flow from operations	-208,418	-253,926	63,808	-1,086	-85,674	-71,177	436,727	-152,102	-36,558	735,972
Investing Activities
capital expenditure	4,891	-78,298	-23,067	498	-7,825	-22,991	732	-7,914	-13,150	-368,325
Change in Investments	0	0	0	0	0	100	0	0	0	0
cash flow from investments	4,891	-78,298	-23,067	498	-7,825	-23,091	732	-7,914	-13,150	-368,325
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	59,437	0	0	0	0	0	0	0	54,059
interest	1,093	1,912	1,242	2,375	2,597	3,053	2,182	1,479	1,995	1,057
cash flow from financing	1,093	61,349	1,242	2,375	2,597	3,053	2,182	1,479	1,995	55,116
cash and cash equivalents
cash	-202,434	-270,875	41,983	1,787	-90,902	-91,215	439,640	-158,537	-47,713	422,763
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-202,434	-270,875	41,983	1,787	-90,902	-91,215	439,640	-158,537	-47,713	422,763

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DUCATT HEATING COMPANY LIMITED(THE) group structure

Ducatt Heating Company Limited(The) has 1 subsidiary company.

Ultimate parent company

DUCATT HEATING COMPANY LIMITED(THE)

00157925

1 subsidiary

DUCATT BUILDING SERVICES LIMITED

08580727

DUCATT HEATING COMPANY LIMITED(THE) Shareholders

philip andrew dainty	51%
mark craig stinton	46.87%
pat webb	2.13%

Ducatt Heating Company Limited(The) currently has 3 directors. The longest serving directors include Mr Philip Dainty (Jul 1991) and Mr Mark Stinton (Jan 2013).

officer	country	age	start	end	role
Mr Philip Dainty		71 years	Jul 1991	-	Director
Mr Mark Stinton	England	46 years	Jan 2013	-	Director
Mrs Sarah Stinton		44 years	Apr 2018	-	Director

P&L

December 2018

turnover

5.1m

+25%

operating profit

3.9k

gross margin

30%

-1.58%

turnover

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

Balance Sheet

December 2018

net assets

728.5k

+0.01%

total assets

1.7m

+0.12%

cash

44.5k

-0.82%

net assets

Total assets minus all liabilities

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company number

00157925

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

43290 - Other construction installation

incorporation date

August 1919

age

105

accounts

Small Company

ultimate parent company

None

previous names

N/A

incorporated

address

the silverworks, 67-71 northwood street, birmingham, west midlands, B3 1TX

last accounts submitted

December 2018

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 8 charges/mortgages relating to ducatt heating company limited(the). Currently there are 3 open charges and 5 have been satisfied in the past.

ducatt heating company limited(the) Company Information

ducatt heating company limited(the) Estimated Valuation

ducatt heating company limited(the) Estimated Valuation

ducatt heating company limited(the) Estimated Valuation

Ducatt Heating Company Limited(the) Overview

Ducatt Heating Company Limited(the) Health Check

DUCATT HEATING COMPANY LIMITED(THE) financials

ducatt heating company limited(the) Credit Report and Business Information

Ducatt Heating Company Limited(the) Competitor Analysis

ducatt heating company limited(the) Ownership

ducatt heating company limited(the) directors

ducatt heating company limited(the) company details

ducatt heating company limited(the) Charges & Mortgages

ducatt heating company limited(the) Companies House Filings - See Documents