Dorman Smith Switchgear Limited

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dorman smith switchgear limited Company Information

Live

MatureMidHealthy

Company Number

00327695

Website

www.dormansmithswitchgear.com

Registered Address

ground floor unit 1, nelson court business centre, preston, PR2 2XU

Industry

Manufacture of electricity distribution and control apparatus

Telephone

01772325380

Next Accounts Due

September 2024

Group Structure

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Directors

Puthugraman Ramakrishnan10 Years

Kamaludeen Ghazali8 Years

View All

Shareholders

dorman smith holdings limited 85%

puthugraman ramakrishnan 15%

dorman smith switchgear limited Estimated Valuation

£7.1m

Pomanda estimates the enterprise value of DORMAN SMITH SWITCHGEAR LIMITED at £7.1m based on a Turnover of £7.4m and 0.95x industry multiple (adjusted for size and gross margin).

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Dorman Smith Switchgear Limited is a live company located in preston, PR2 2XU with a Companies House number of 00327695. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in May 1937, it's largest shareholder is dorman smith holdings limited with a 85% stake. Dorman Smith Switchgear Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Dorman Smith Switchgear Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £7.4m, make it smaller than the average company (£16m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.5%)

EXPORT

Dorman Smith Switchgear Limited's latest turnover from December 2022 is estimated at £7.4 million and the company has net assets of £210.9 thousand. According to their latest financial statements, Dorman Smith Switchgear Limited has 38 employees and maintains cash reserves of £280.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Turnover	7,394,205	5,858,555	5,686,680	6,131,803	6,668,571	5,424,021	6,169,328	5,561,542	5,597,489	1,074,112
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,623,663	4,427,387	4,267,177	4,578,395	5,067,975	4,065,548	4,585,606	3,750,101	3,753,833	681,250
Gross Profit	1,770,542	1,431,168	1,419,504	1,553,408	1,600,596	1,358,473	1,583,723	1,811,441	1,843,656	392,862
Admin Expenses	1,686,748	1,370,569	1,408,531	1,412,166	1,547,225	1,329,208	1,485,192	1,758,252	1,755,978	585,704
Operating Profit	83,794	60,599	10,973	141,242	53,371	29,265	98,531	53,189	87,678	-192,842
Interest Payable	84,040	57,633	47,558	42,500	42,500	40,926	44,795	1,150	752	0
Interest Receivable	9,756	1,073	388	1,877	2,015	963	495	0	0	0
Pre-Tax Profit	9,510	4,040	-36,196	100,619	12,885	-10,698	54,231	52,039	86,926	-192,842
Tax	-1,807	-768	0	-19,118	-2,448	0	-10,846	0	0	0
Profit After Tax	7,703	3,272	-36,196	81,501	10,437	-10,698	43,385	52,039	86,926	-192,842
Dividends Paid	0	0	0	0	0	0	0	0	0	30,041,353
Retained Profit	7,703	3,272	-36,196	81,501	10,437	-10,698	43,385	52,039	86,926	-30,234,195
Employee Costs	1,789,157	1,593,165	1,711,613	1,580,454	1,349,187	1,431,099	1,500,060	1,473,498	1,356,769	347,561
Number Of Employees	38	36	41	41	35	38	40	41	33	32
EBITDA*	211,498	189,048	147,867	256,863	137,303	101,371	169,734	122,219	148,102	-178,553

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Tangible Assets	389,381	219,961	220,880	107,726	27,821	77,068	136,143	207,346	239,999	276,489
Intangible Assets	255,431	336,006	420,359	517,107	523,666	409,541	196,670	9,676	0	0
Investments & Other	0	0	0	0	0	0	0	165,330	165,330	165,330
Debtors (Due After 1 year)	57,600	57,600	57,600	57,600	57,600	57,600	57,600	0	0	0
Total Fixed Assets	702,412	613,567	698,839	682,433	609,087	544,209	390,413	382,352	405,329	441,819
Stock & work in progress	1,745,087	1,412,885	1,281,299	1,591,868	1,474,217	890,009	926,384	867,469	1,064,878	781,547
Trade Debtors	1,193,704	822,943	850,878	871,050	936,714	863,836	1,187,976	1,181,588	1,193,911	1,140,156
Group Debtors	0	45,240	20,159	0	0	0	0	0	0	0
Misc Debtors	157,070	123,569	92,851	144,204	125,760	67,264	85,427	142,341	107,405	91,931
Cash	280,899	276,608	582,126	194,300	306,159	231,062	154,204	241,565	197,087	106,989
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	3,376,760	2,681,245	2,827,313	2,801,422	2,842,850	2,052,171	2,353,991	2,432,963	2,563,281	2,120,623
total assets	4,079,172	3,294,812	3,526,152	3,483,855	3,451,937	2,596,380	2,744,404	2,815,315	2,968,610	2,562,442
Bank overdraft	0	0	15,000	0	0	0	0	0	0	0
Bank loan	60,000	60,000	0	0	0	0	0	0	0	0
Trade Creditors	1,438,562	993,139	883,298	1,263,699	1,623,915	1,079,952	1,168,219	1,051,373	952,816	857,406
Group/Directors Accounts	1,077,138	828,380	960,988	1,059,596	815,243	501,684	488,673	275,946	594,446	248,838
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	50,575	0	0	0	0	0	0	0	0	0
other current liabilities	327,130	333,735	550,166	292,664	225,622	237,571	298,992	554,316	505,307	494,560
total current liabilities	2,953,405	2,215,254	2,409,452	2,615,959	2,664,780	1,819,207	1,955,884	1,881,635	2,052,569	1,600,804
loans	794,632	854,632	914,632	629,632	629,632	629,632	629,632	803,806	803,806	936,329
hp & lease commitments	88,506	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	31,772	21,772	2,186	2,186	2,948	3,401	4,050	18,421	52,821	52,821
total long term liabilities	914,910	876,404	916,818	631,818	632,580	633,033	633,682	822,227	856,627	989,150
total liabilities	3,868,315	3,091,658	3,326,270	3,247,777	3,297,360	2,452,240	2,589,566	2,703,862	2,909,196	2,589,954
net assets	210,857	203,154	199,882	236,078	154,577	144,140	154,838	111,453	59,414	-27,512
total shareholders funds	210,857	203,154	199,882	236,078	154,577	144,140	154,838	111,453	59,414	-27,512

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	83,794	60,599	10,973	141,242	53,371	29,265	98,531	53,189	87,678	-192,842	0	0	0	0
Depreciation	38,191	44,096	40,146	37,262	57,824	71,077	71,203	69,030	60,424	14,289	0	0	0	0
Amortisation	89,513	84,353	96,748	78,359	26,108	1,029	0	0	0	0	0	0	0	0
Tax	-1,807	-768	0	-19,118	-2,448	0	-10,846	0	0	0	0	0	0	0
Stock	332,202	131,586	-310,569	117,651	584,208	-36,375	58,915	-197,409	283,331	781,547	0	0	0	0
Debtors	359,022	27,864	-51,366	-47,220	131,374	-342,303	7,074	22,613	69,229	1,232,087	0	0	0	0
Creditors	445,423	109,841	-380,401	-360,216	543,963	-88,267	116,846	98,557	95,410	857,406	0	0	0	0
Accruals and Deferred Income	-6,605	-216,431	257,502	67,042	-11,949	-61,421	-255,324	49,009	10,747	494,560	0	0	0	0
Deferred Taxes & Provisions	10,000	19,586	0	-762	-453	-649	-14,371	-34,400	0	52,821	0	0	0	0
Cash flow from operations	-32,715	-58,174	386,903	-126,622	-49,166	329,712	-59,950	410,181	-98,301	-787,400	0	0	0	0
Investing Activities
capital expenditure	-216,549	-43,177	-153,300	-188,967	-148,810	-225,902	-186,994	-46,053	-23,934	-290,778	0	0	0	0
Change in Investments	0	0	0	0	0	0	-165,330	0	0	165,330	0	0	0	0
cash flow from investments	-216,549	-43,177	-153,300	-188,967	-148,810	-225,902	-21,664	-46,053	-23,934	-456,108	0	0	0	0
Financing Activities
Bank loans	0	60,000	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	248,758	-132,608	-98,608	244,353	313,559	13,011	212,727	-318,500	345,608	248,838	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	-60,000	-60,000	285,000	0	0	0	-174,174	0	-132,523	936,329	0	0	0	0
Hire Purchase and Lease Commitments	139,081	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	30,206,683	0	0	0	0
interest	-74,284	-56,560	-47,170	-40,623	-40,485	-39,963	-44,300	-1,150	-752	0	0	0	0	0
cash flow from financing	253,555	-189,168	139,222	203,730	273,074	-26,952	-5,747	-319,650	212,333	31,391,850	0	0	0	0
cash and cash equivalents
cash	4,291	-305,518	387,826	-111,859	75,097	76,858	-87,361	44,478	90,098	106,989	0	0	0	0
overdraft	0	-15,000	15,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	4,291	-290,518	372,826	-111,859	75,097	76,858	-87,361	44,478	90,098	106,989	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DORMAN SMITH SWITCHGEAR LIMITED group structure

Dorman Smith Switchgear Limited has no subsidiary companies.

Ultimate parent company

JBK HOLDINGS LTD

#0082002

DORMAN SMITH HOLDINGS LIMITED

00106845

2 parents

DORMAN SMITH SWITCHGEAR LIMITED

00327695

DORMAN SMITH SWITCHGEAR LIMITED Shareholders

dorman smith holdings limited	85%
puthugraman ramakrishnan	15%

Dorman Smith Switchgear Limited currently has 3 directors. The longest serving directors include Puthugraman Ramakrishnan (Aug 2013) and Mr Kamaludeen Ghazali (Apr 2016).

officer	country	age	start	end	role
Puthugraman Ramakrishnan		65 years	Aug 2013	-	Director
Mr Kamaludeen Ghazali		56 years	Apr 2016	-	Director
Mr Antony Curtis	United Kingdom	73 years	Feb 2024	-	Director

P&L

December 2022

turnover

7.4m

+26%

operating profit

83.8k

gross margin

24%

-1.98%

turnover

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

Balance Sheet

December 2022

net assets

210.9k

+0.04%

total assets

4.1m

+0.24%

cash

280.9k

+0.02%

net assets

Total assets minus all liabilities

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company number

00327695

Type

Private limited with Share Capital

industry

27120 - Manufacture of electricity distribution and control apparatus

incorporation date

May 1937

age

accounts

Small Company

ultimate parent company

JBK HOLDINGS LTD

previous names

N/A

incorporated

address

ground floor unit 1, nelson court business centre, preston, PR2 2XU

last accounts submitted

December 2022

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 3 charges/mortgages relating to dorman smith switchgear limited. Currently there are 2 open charges and 1 have been satisfied in the past.

dorman smith switchgear limited Company Information

dorman smith switchgear limited Estimated Valuation

dorman smith switchgear limited Estimated Valuation

dorman smith switchgear limited Estimated Valuation

Dorman Smith Switchgear Limited Overview

Dorman Smith Switchgear Limited Health Check

DORMAN SMITH SWITCHGEAR LIMITED financials

dorman smith switchgear limited Credit Report and Business Information

Dorman Smith Switchgear Limited Competitor Analysis

dorman smith switchgear limited Ownership

dorman smith switchgear limited directors

dorman smith switchgear limited company details

dorman smith switchgear limited Charges & Mortgages

dorman smith switchgear limited Companies House Filings - See Documents