dorrington london flats limited

dorrington london flats limited Company Information

Share DORRINGTON LONDON FLATS LIMITED
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Company Number

00335956

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Shareholders

dorrington investment plc

Group Structure

View All

Contact

Registered Address

16 hans road, london, SW3 1RT

dorrington london flats limited Estimated Valuation

£39.9m

Pomanda estimates the enterprise value of DORRINGTON LONDON FLATS LIMITED at £39.9m based on a Turnover of £12.2m and 3.27x industry multiple (adjusted for size and gross margin).

dorrington london flats limited Estimated Valuation

£0

Pomanda estimates the enterprise value of DORRINGTON LONDON FLATS LIMITED at £0 based on an EBITDA of £-10.4m and a 6.47x industry multiple (adjusted for size and gross margin).

dorrington london flats limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of DORRINGTON LONDON FLATS LIMITED at £4.2m based on Net Assets of £2.4m and 1.71x industry multiple (adjusted for liquidity).

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Dorrington London Flats Limited Overview

Dorrington London Flats Limited is a live company located in london, SW3 1RT with a Companies House number of 00335956. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 1938, it's largest shareholder is dorrington investment plc with a 100% stake. Dorrington London Flats Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.2m with high growth in recent years.

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Dorrington London Flats Limited Health Check

Pomanda's financial health check has awarded Dorrington London Flats Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £12.2m, make it larger than the average company (£1.1m)

£12.2m - Dorrington London Flats Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (3.6%)

19% - Dorrington London Flats Limited

3.6% - Industry AVG

production

Production

with a gross margin of 33.4%, this company has a higher cost of product (70.8%)

33.4% - Dorrington London Flats Limited

70.8% - Industry AVG

profitability

Profitability

an operating margin of -85% make it less profitable than the average company (21.5%)

-85% - Dorrington London Flats Limited

21.5% - Industry AVG

employees

Employees

with 61 employees, this is above the industry average (4)

61 - Dorrington London Flats Limited

4 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Dorrington London Flats Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £199.7k, this is equally as efficient (£201.3k)

£199.7k - Dorrington London Flats Limited

£201.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (33 days)

6 days - Dorrington London Flats Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (35 days)

0 days - Dorrington London Flats Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 326 days, this is more than average (53 days)

326 days - Dorrington London Flats Limited

53 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Dorrington London Flats Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.8%, this is a higher level of debt than the average (71.2%)

98.8% - Dorrington London Flats Limited

71.2% - Industry AVG

DORRINGTON LONDON FLATS LIMITED financials

EXPORTms excel logo

Dorrington London Flats Limited's latest turnover from December 2023 is £12.2 million and the company has net assets of £2.4 million. According to their latest financial statements, we estimate that Dorrington London Flats Limited has 61 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover12,184,4888,223,2827,237,3667,302,3897,323,0565,657,2384,547,5665,177,6115,164,9204,201,5043,944,3053,550,7943,163,7853,053,4873,123,172
Other Income Or Grants000000000000000
Cost Of Sales8,121,0384,497,1883,183,0942,986,7413,079,9222,712,3512,449,3122,642,8862,438,0602,085,5852,350,2081,736,0661,397,8371,178,8451,336,532
Gross Profit4,063,4503,726,0944,054,2724,315,6484,243,1342,944,8872,098,2542,534,7252,726,8602,115,9191,594,0971,814,7281,765,9481,874,6421,786,640
Admin Expenses14,419,327497,185-2,877,6535,517,788-845,5758,288,9693,125,781-3,546,360-9,483,333-11,067,8423,6003,68020,5493,6543,375
Operating Profit-10,355,8773,228,9096,931,925-1,202,1405,088,709-5,344,082-1,027,5276,081,08512,210,19313,183,7611,590,4971,811,0481,745,3991,870,9881,783,265
Interest Payable4,652,0686,200,5803,768,3874,088,4645,047,2483,145,0491,691,5171,999,2072,412,6701,983,2921,883,6491,612,7171,458,6401,562,226906,318
Interest Receivable34,3433,180894972,38986828136140170249443249958
Pre-Tax Profit-14,973,602-2,968,4913,163,627-5,290,10743,850-8,488,263-2,719,0164,082,0149,797,66311,200,639-76,456612,681782,8371,230,3211,155,433
Tax3,302,504434,076-577,151899,830-51,1751,415,814433,547311,767-1,127,928-1,754,71833,771-134,943-142,595-257,323-301,871
Profit After Tax-11,671,098-2,534,4152,586,476-4,390,277-7,325-7,072,449-2,285,4694,393,7818,669,7359,445,921-42,685477,738640,242972,998853,562
Dividends Paid2,000,0003,000,0001,000,0001,000,00002,000,0001,000,0002,000,000001,750,0000000
Retained Profit-13,671,098-5,534,4151,586,476-5,390,277-7,325-9,072,449-3,285,4692,393,7818,669,7359,445,921-1,792,685477,738640,242972,998853,562
Employee Costs000000000000000
Number Of Employees6145474946833363024228888
EBITDA*-10,355,8773,228,9096,931,925-1,202,1405,088,709-5,344,082-1,027,5276,081,08512,210,19313,183,7611,590,4971,811,0481,745,3991,870,9881,783,265

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets000000000000000
Intangible Assets000000000000000
Investments & Other183,324,249190,996,290197,018,178205,808,848215,606,052214,200,891124,885,500109,191,741153,771,96299,292,01488,806,05367,648,81363,567,88756,689,24455,681,661
Debtors (Due After 1 year)3,224,39900000000000000
Total Fixed Assets186,548,648190,996,290197,018,178205,808,848215,606,052214,200,891124,885,500109,191,741153,771,96299,292,01488,806,05367,648,81363,567,88756,689,24455,681,661
Stock & work in progress7,274,60212,111,0696,826,614000000000000
Trade Debtors217,673395,491305,530305,463372,43490,10641,68086,02117,41468,993343,250279,457338,539350,494302,366
Group Debtors000000000000000
Misc Debtors288,306225,466225,776111,018108,58789,13976,45070,96459,38444,34920,46429,92655,41456,02278,222
Cash000000000000000
misc current assets000000000000000
total current assets7,780,58112,732,0267,357,920416,481481,021179,245118,130156,98576,798113,342363,714309,383393,953406,516380,588
total assets194,329,229203,728,316204,376,098206,225,329216,087,073214,380,136125,003,630109,348,726153,848,76099,405,35689,169,76767,958,19663,961,84057,095,76056,062,249
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 3,22854,11129,8202,103100,40622,5455,18500000000
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities287,918174,080182,20771,685112,709377,744213,59297,295729,181215,757261,395307,923238,775190,387240,611
total current liabilities291,146228,191212,02773,788213,115400,289218,77797,295729,181215,757261,395307,923238,775190,387240,611
loans191,599,684187,231,356182,178,536183,635,140186,617,214184,730,01885,024,25865,632,132111,346,81167,095,29067,878,43554,810,94754,915,53751,656,71254,980,668
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions0159,272341,623217,4351,567,5011,553,2612,991,5783,564,8134,112,0633,103,33900000
total long term liabilities191,599,684187,390,628182,520,159183,852,575188,184,715186,283,27988,015,83669,196,945115,458,87470,198,62967,878,43554,810,94754,915,53751,656,71254,980,668
total liabilities191,890,830187,618,819182,732,186183,926,363188,397,830186,683,56888,234,61369,294,240116,188,05570,414,38668,139,83055,118,87055,154,31251,847,09955,221,279
net assets2,438,39916,109,49721,643,91222,298,96627,689,24327,696,56836,769,01740,054,48637,660,70528,990,97021,029,93712,839,3268,807,5285,248,661840,970
total shareholders funds2,438,39916,109,49721,643,91222,298,96627,689,24327,696,56836,769,01740,054,48637,660,70528,990,97021,029,93712,839,3268,807,5285,248,661840,970
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-10,355,8773,228,9096,931,925-1,202,1405,088,709-5,344,082-1,027,5276,081,08512,210,19313,183,7611,590,4971,811,0481,745,3991,870,9881,783,265
Depreciation000000000000000
Amortisation000000000000000
Tax3,302,504434,076-577,151899,830-51,1751,415,814433,547311,767-1,127,928-1,754,71833,771-134,943-142,595-257,323-301,871
Stock-4,836,4675,284,4556,826,614000000000000
Debtors3,109,42189,651114,825-64,540301,77661,115-38,85580,187-36,544-250,37254,331-84,570-12,56325,928380,588
Creditors-50,88324,29127,717-98,30377,86117,3605,18500000000
Accruals and Deferred Income113,838-8,127110,522-41,024-265,035164,152116,297-631,886513,424-45,638-46,52869,14848,388-50,224240,611
Deferred Taxes & Provisions-159,272-182,351124,188-1,350,06614,240-1,438,317-573,235-547,2501,008,7243,103,33900000
Cash flow from operations-5,422,644-1,877,308-324,238-1,727,1634,562,824-5,246,188-1,006,8785,133,52912,640,95714,737,1161,523,4091,829,8231,663,7551,537,5131,341,417
Investing Activities
capital expenditure000000000000000
Change in Investments-7,672,041-6,021,888-8,790,670-9,797,2041,405,16189,315,39115,693,759-44,580,22154,479,94810,485,96121,157,2404,080,9266,878,6431,007,58355,681,661
cash flow from investments7,672,0416,021,8888,790,6709,797,204-1,405,161-89,315,391-15,693,75944,580,221-54,479,948-10,485,961-21,157,240-4,080,926-6,878,643-1,007,583-55,681,661
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans4,368,3285,052,820-1,456,604-2,982,0741,887,19699,705,76019,392,126-45,714,67944,251,521-783,14513,067,488-104,5903,258,825-3,323,95654,980,668
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00-2,241,530000000-1,484,8889,983,2963,554,0602,918,6253,434,693-12,592
interest-4,617,725-6,197,400-3,768,298-4,087,967-5,044,859-3,144,181-1,691,489-1,999,071-2,412,530-1,983,122-1,883,400-1,612,673-1,458,608-1,562,177-905,360
cash flow from financing-249,397-1,144,580-7,466,432-7,070,041-3,157,66396,561,57917,700,637-47,713,75041,838,991-4,251,15521,167,3841,836,7974,718,842-1,451,44054,062,716
cash and cash equivalents
cash000000000000000
overdraft000000000000000
change in cash000000000000000

dorrington london flats limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Dorrington London Flats Limited Competitor Analysis

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Perform a competitor analysis for dorrington london flats limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in SW3 area or any other competitors across 12 key performance metrics.

dorrington london flats limited Ownership

DORRINGTON LONDON FLATS LIMITED group structure

Dorrington London Flats Limited has no subsidiary companies.

Ultimate parent company

QUADRIGA INTERNATIONAL LTD

#0003516

2 parents

DORRINGTON LONDON FLATS LIMITED

00335956

DORRINGTON LONDON FLATS LIMITED Shareholders

dorrington investment plc 100%

dorrington london flats limited directors

Dorrington London Flats Limited currently has 7 directors. The longest serving directors include Mr Manfred Gorvy (Nov 1991) and Mr Bruce Thompson (Jun 1998).

officercountryagestartendrole
Mr Manfred Gorvy86 years Nov 1991- Director
Mr Bruce Thompson60 years Jun 1998- Director
Mr Francesco CirilloEngland61 years May 2002- Director
Mr Michael JenkinsUnited Kingdom52 years Feb 2021- Director
Mr Andrew GiblinEngland46 years Apr 2021- Director
Dr Sean GorvyEngland62 years Mar 2022- Director
Mr Harry SwalesUnited Kingdom44 years Sep 2023- Director

P&L

December 2023

turnover

12.2m

+48%

operating profit

-10.4m

-421%

gross margin

33.4%

-26.4%

turnover

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

Balance Sheet

December 2023

net assets

2.4m

-0.85%

total assets

194.3m

-0.05%

cash

0

0%

net assets

Total assets minus all liabilities

dorrington london flats limited company details

company number

00335956

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

January 1938

age

87

incorporated

UK

ultimate parent company

QUADRIGA INTERNATIONAL LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

portman estates limited (July 1998)

fabian estates limited (October 1995)

accountant

-

auditor

DELOITTE LLP

address

16 hans road, london, SW3 1RT

Bank

-

Legal Advisor

-

dorrington london flats limited 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 51 charges/mortgages relating to dorrington london flats limited. Currently there are 43 open charges and 8 have been satisfied in the past.

dorrington london flats limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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dorrington london flats limited Companies House Filings - See Documents

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