durham diocesan board of finance
durham diocesan board of finance Company Information
Company Number
00192018
Website
www.durhamdiocese.orgRegistered Address
cuthbert house stonebridge, durham, county durham, DH1 3RY
Industry
Activities of religious organisations
Telephone
01388604515
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
-0%
durham diocesan board of finance Estimated Valuation
Pomanda estimates the enterprise value of DURHAM DIOCESAN BOARD OF FINANCE at £43.1m based on a Turnover of £11.8m and 3.65x industry multiple (adjusted for size and gross margin).
durham diocesan board of finance Estimated Valuation
Pomanda estimates the enterprise value of DURHAM DIOCESAN BOARD OF FINANCE at £0 based on an EBITDA of £-382k and a 18.46x industry multiple (adjusted for size and gross margin).
durham diocesan board of finance Estimated Valuation
Pomanda estimates the enterprise value of DURHAM DIOCESAN BOARD OF FINANCE at £225.3m based on Net Assets of £74.7m and 3.02x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Durham Diocesan Board Of Finance Overview
Durham Diocesan Board Of Finance is a live company located in county durham, DH1 3RY with a Companies House number of 00192018. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in August 1923, it's largest shareholder is unknown. Durham Diocesan Board Of Finance is a mature, mid sized company, Pomanda has estimated its turnover at £11.8m with declining growth in recent years.
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Durham Diocesan Board Of Finance Health Check
Pomanda's financial health check has awarded Durham Diocesan Board Of Finance a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
4 Weak
Size
annual sales of £11.8m, make it larger than the average company (£317.7k)
£11.8m - Durham Diocesan Board Of Finance
£317.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (2.5%)
-1% - Durham Diocesan Board Of Finance
2.5% - Industry AVG
Production
with a gross margin of 107.4%, this company has a lower cost of product (71.2%)
107.4% - Durham Diocesan Board Of Finance
71.2% - Industry AVG
Profitability
an operating margin of -3.6% make it less profitable than the average company (-1.4%)
-3.6% - Durham Diocesan Board Of Finance
-1.4% - Industry AVG
Employees
with 44 employees, this is above the industry average (6)
44 - Durham Diocesan Board Of Finance
6 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has a higher pay structure (£23.1k)
£46.2k - Durham Diocesan Board Of Finance
£23.1k - Industry AVG
Efficiency
resulting in sales per employee of £268.6k, this is more efficient (£61k)
£268.6k - Durham Diocesan Board Of Finance
£61k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Durham Diocesan Board Of Finance
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Durham Diocesan Board Of Finance
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Durham Diocesan Board Of Finance
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 80 weeks, this is less cash available to meet short term requirements (370 weeks)
80 weeks - Durham Diocesan Board Of Finance
370 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.1%, this is a lower level of debt than the average (5.1%)
2.1% - Durham Diocesan Board Of Finance
5.1% - Industry AVG
DURHAM DIOCESAN BOARD OF FINANCE financials
Durham Diocesan Board Of Finance's latest turnover from December 2023 is £11.8 million and the company has net assets of £74.7 million. According to their latest financial statements, Durham Diocesan Board Of Finance has 44 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,819,000 | 12,298,000 | 11,988,000 | 12,253,000 | 10,164,000 | 10,612,710 | 9,699,646 | 10,054,770 | 9,110,088 | 9,471,688 | 10,618,278 | 8,994,976 | 9,103,633 | 8,772,480 | 10,136,251 |
| Other Income Or Grants | 871,000 | 0 | 0 | ||||||||||||
| Cost Of Sales | 0 | 943,000 | -495,000 | ||||||||||||
| Gross Profit | 12,690,000 | 11,355,000 | 12,483,000 | ||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 575,969 | 1,029,436 | -570,060 | -38,918 | 1,106,886 | 449,004 | 35,224 | -499,279 | 622,206 | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,324 |
| Pre-Tax Profit | -284,000 | -496,000 | 1,573,000 | 1,931,000 | 1,597,000 | 916,980 | 722,066 | 1,093,323 | -534,421 | 31,548 | 1,346,206 | 615,809 | 189,577 | -350,299 | 784,049 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -284,000 | -496,000 | 1,573,000 | 1,931,000 | 1,597,000 | 916,980 | 722,066 | 1,093,323 | -534,421 | 31,548 | 1,346,206 | 615,809 | 189,577 | -350,299 | 784,049 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -284,000 | -496,000 | 1,573,000 | 1,931,000 | 1,597,000 | 916,980 | 722,066 | 1,093,323 | -534,421 | 31,548 | 1,346,206 | 615,809 | 189,577 | -350,299 | 784,049 |
| Employee Costs | 2,033,000 | 1,853,000 | 1,630,000 | 1,599,000 | 1,480,000 | 1,745,477 | 1,290,527 | 1,114,234 | 1,039,036 | 987,838 | 1,019,691 | 1,009,740 | 814,820 | 914,057 | 913,488 |
| Number Of Employees | 44 | 40 | 43 | 36 | 36 | 32 | 31 | 27 | 27 | 28 | 28 | 30 | 22 | 25 | 26 |
| EBITDA* | 601,397 | 1,057,869 | -538,591 | -22,388 | 1,108,376 | 464,561 | 52,053 | -481,790 | 644,671 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 35,758,000 | 33,580,000 | 33,540,000 | 34,678,000 | 36,800,000 | 36,554,929 | 36,541,025 | 37,230,184 | 38,211,553 | 38,616,360 | 37,923,967 | 37,580,811 | 37,527,771 | 37,995,299 | 38,578,804 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 36,812,000 | 34,169,000 | 35,635,000 | 27,720,000 | 23,189,000 | 14,692,045 | 14,532,363 | 18,475,599 | 6,881,569 | 6,480,563 | 6,005,463 | 5,703,674 | 4,349,379 | 4,683,444 | 4,654,951 |
| Debtors (Due After 1 year) | 273,000 | 237,000 | 242,000 | 141,000 | 141,000 | 163,776 | 155,276 | 100,820 | 142,937 | 149,088 | 52,841 | 85,796 | 72,748 | 122,492 | 134,765 |
| Total Fixed Assets | 72,843,000 | 67,986,000 | 69,417,000 | 62,539,000 | 60,130,000 | 51,410,750 | 51,228,664 | 55,806,603 | 45,236,059 | 45,246,011 | 43,982,271 | 43,370,281 | 41,949,898 | 42,801,235 | 43,368,520 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 307,863 | 415,485 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,095,000 | 843,000 | 803,000 | 754,000 | 438,000 | 491,754 | 8,094,094 | 342,974 | 629,950 | 734,779 | 698,863 | 605,051 | 503,997 | 412,692 | 602,092 |
| Cash | 2,365,000 | 3,686,000 | 5,600,000 | 7,031,000 | 4,238,000 | 13,971,182 | 5,997,423 | 5,794,148 | 4,984,402 | 3,645,943 | 1,646,982 | 915,367 | 2,645,441 | 866,160 | 341,786 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 181,977 | 863,861 | 1,967,765 | 1,952,085 | 1,954,713 | 1,922,369 | 1,896,779 |
| total current assets | 3,460,000 | 4,529,000 | 6,403,000 | 7,785,000 | 7,331,000 | 14,462,936 | 14,091,517 | 6,137,122 | 5,796,329 | 5,244,583 | 4,313,610 | 3,472,503 | 5,104,151 | 3,509,084 | 3,256,142 |
| total assets | 76,303,000 | 72,515,000 | 75,820,000 | 70,324,000 | 67,461,000 | 65,873,686 | 65,320,181 | 61,943,725 | 51,032,388 | 50,490,594 | 48,295,881 | 46,842,784 | 47,054,049 | 46,310,319 | 46,624,662 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 315,000 | 276,000 | 231,000 | 123,000 | 208,000 | 199,899 | 42,685 | 9,277 | 67,270 | 7,938 | 1,068 | 0 | 3,480 | 9,722 | 6,960 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46,000 | 46,000 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 1,219,000 | 129,000 | 331,000 | 403,000 | 602,000 | 715,067 | 343,741 | 502,118 | 1,191,070 | 1,354,908 | 185,006 | 178,710 | 182,176 | 203,043 | 108,145 |
| total current liabilities | 1,534,000 | 405,000 | 562,000 | 526,000 | 810,000 | 914,966 | 386,426 | 511,395 | 1,258,340 | 1,362,846 | 186,074 | 178,710 | 185,656 | 258,765 | 161,105 |
| loans | 49,000 | 101,000 | 101,000 | 101,000 | 169,000 | 169,500 | 169,500 | 4,058,625 | 5,308,000 | 6,723,000 | 813,126 | 313,126 | 369,866 | 397,406 | 480,866 |
| hp & lease commitments | 0 | 0 | 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 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 650,000 | 2,545,000 | 3,483,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 49,000 | 101,000 | 101,000 | 437,000 | 819,000 | 2,714,500 | 3,653,250 | 4,058,625 | 5,308,000 | 6,723,000 | 813,126 | 313,126 | 369,866 | 397,406 | 480,866 |
| total liabilities | 1,583,000 | 506,000 | 663,000 | 963,000 | 1,629,000 | 3,629,466 | 4,039,676 | 4,570,020 | 6,566,340 | 8,085,846 | 999,200 | 491,836 | 555,522 | 656,171 | 641,971 |
| net assets | 74,720,000 | 72,009,000 | 75,157,000 | 69,361,000 | 65,832,000 | 62,244,220 | 61,280,505 | 57,373,705 | 44,466,048 | 42,404,748 | 47,296,681 | 46,350,948 | 46,498,527 | 45,654,148 | 45,982,691 |
| total shareholders funds | 74,720,000 | 72,009,000 | 75,157,000 | 69,361,000 | 65,832,000 | 62,244,220 | 61,280,505 | 57,373,705 | 44,466,048 | 42,404,748 | 47,296,681 | 46,350,948 | 46,498,527 | 45,654,148 | 45,982,691 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 575,969 | 1,029,436 | -570,060 | -38,918 | 1,106,886 | 449,004 | 35,224 | -499,279 | 622,206 | ||||||
| Depreciation | 45,000 | 45,000 | 71,000 | 87,000 | 64,000 | 31,401 | 25,428 | 28,433 | 31,469 | 16,530 | 1,490 | 15,557 | 16,829 | 17,489 | 22,465 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 288,000 | 35,000 | 150,000 | 316,000 | -76,530 | -7,593,840 | 7,805,576 | -329,093 | -110,980 | 132,163 | 60,857 | 114,102 | -266,302 | -309,295 | 1,152,342 |
| Creditors | 39,000 | 45,000 | 108,000 | -85,000 | 8,101 | 157,214 | 33,408 | -57,993 | 59,332 | 6,870 | 1,068 | -3,480 | -6,242 | 2,762 | 6,960 |
| Accruals and Deferred Income | 1,090,000 | -202,000 | -72,000 | -199,000 | -113,067 | 371,326 | -158,377 | -688,952 | -163,838 | 1,169,902 | 6,296 | -3,466 | -20,867 | 94,898 | 108,145 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -7,329,148 | 640,017 | -532,117 | 1,022,221 | 1,054,883 | 343,513 | 291,246 | -74,835 | -392,566 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 7,634,733 | 658,558 | 1,791,237 | 3,400,373 | 0 | -319,107 | -963,424 | 709,199 | 830,596 | 341,672 |
| Change in Investments | 2,643,000 | -1,466,000 | 7,915,000 | 4,531,000 | 8,496,955 | 159,682 | -3,943,236 | 11,594,030 | 401,006 | 475,100 | 301,789 | 1,354,295 | -334,065 | 28,493 | 4,654,951 |
| cash flow from investments | -2,643,000 | 1,466,000 | -7,915,000 | -4,531,000 | -8,496,955 | 7,475,051 | 4,601,794 | -9,802,793 | 2,999,367 | -475,100 | -620,896 | -2,317,719 | 1,043,264 | 802,103 | -4,313,279 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -46,000 | 0 | 46,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -52,000 | 0 | 0 | -68,000 | -500 | 0 | -3,889,125 | -1,249,375 | -1,415,000 | 5,909,874 | 500,000 | -56,740 | -27,540 | -83,460 | 480,866 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -650,000 | -1,895,000 | -938,750 | 3,483,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,324 |
| cash flow from financing | 2,943,000 | -2,652,000 | 4,223,000 | 880,000 | 95,280 | -892,015 | 2,779,359 | 10,564,959 | 1,180,721 | 986,393 | 99,527 | -820,128 | 581,262 | -61,704 | 45,792,832 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,321,000 | -1,914,000 | -1,431,000 | 2,793,000 | -9,733,182 | 7,973,759 | 203,275 | 809,746 | 1,338,459 | 1,998,961 | 731,615 | -1,730,074 | 1,779,281 | 524,374 | 341,786 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,321,000 | -1,914,000 | -1,431,000 | 2,793,000 | -9,733,182 | 7,973,759 | 203,275 | 809,746 | 1,338,459 | 1,998,961 | 731,615 | -1,730,074 | 1,779,281 | 524,374 | 341,786 |
durham diocesan board of finance Credit Report and Business Information
Durham Diocesan Board Of Finance Competitor Analysis
Perform a competitor analysis for durham diocesan board of finance by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in DH1 area or any other competitors across 12 key performance metrics.
durham diocesan board of finance Ownership
DURHAM DIOCESAN BOARD OF FINANCE group structure
Durham Diocesan Board Of Finance has no subsidiary companies.
Ultimate parent company
DURHAM DIOCESAN BOARD OF FINANCE
00192018
durham diocesan board of finance directors
Durham Diocesan Board Of Finance currently has 19 directors. The longest serving directors include Ms Margaret Vaughan (Nov 2009) and Canon Dr James Harrison (Nov 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Margaret Vaughan | England | 56 years | Nov 2009 | - | Director |
| Canon Dr James Harrison | 71 years | Nov 2009 | - | Director | |
| Dr Alfred Price | England | 72 years | Nov 2015 | - | Director |
| Mr Frank Rogers | 69 years | Dec 2015 | - | Director | |
| Venerable Richard Simpson | 58 years | Feb 2018 | - | Director | |
| Reverend Robert Cooper | 56 years | Jul 2018 | - | Director | |
| Mrs Usula Hicks | 81 years | Oct 2018 | - | Director | |
| Mr Stephen Gardiner | 68 years | Dec 2018 | - | Director | |
| Rt Revd Sarah Clark | 59 years | Apr 2019 | - | Director | |
| The Ven Elizabeth Wilkinson | 59 years | Aug 2020 | - | Director |
P&L
December 2023turnover
11.8m
-4%
operating profit
-427k
0%
gross margin
107.4%
+16.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
74.7m
+0.04%
total assets
76.3m
+0.05%
cash
2.4m
-0.36%
net assets
Total assets minus all liabilities
durham diocesan board of finance company details
company number
00192018
Type
Private Ltd By Guarantee w/o Share Cap
industry
94910 - Activities of religious organisations
incorporation date
August 1923
age
101
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2023
address
cuthbert house stonebridge, durham, county durham, DH1 3RY
accountant
-
auditor
UNW LLP
durham diocesan board of finance 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 8 charges/mortgages relating to durham diocesan board of finance. Currently there are 4 open charges and 4 have been satisfied in the past.
durham diocesan board of finance Companies House Filings - See Documents
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