David Summerfield Limited

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david summerfield limited Company Information

Live

MatureSmallHigh

Company Number

00439774

Website

davidsummerfield.co.uk

Registered Address

70 parklands, ponteland, newcastle upon tyne, tyne & wear, NE20 9LN

Industry

Repair of watches, clocks and jewellery

Retail sale of watches and jewellery in specialised stores

Telephone

01912324666

Next Accounts Due

October 2024

Group Structure

View All

Directors

Raymond Smith32 Years

Shareholders

raymond smith 100%

david summerfield limited Estimated Valuation

£233.2k - £6.9m

The estimated valuation range for david summerfield limited, derived from financial data as of January 2023 and the most recent industry multiples, is between £233.2k to £6.9m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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David Summerfield Limited is a live company located in newcastle upon tyne, NE20 9LN with a Companies House number of 00439774. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in July 1947, it's largest shareholder is raymond smith with a 100% stake. David Summerfield Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with high growth in recent years.

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Pomanda's financial health check has awarded David Summerfield Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £3m, make it in line with the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DAVID SUMMERFIELD LIMITED group structure

David Summerfield Limited has no subsidiary companies.

Ultimate parent company

DAVID SUMMERFIELD LIMITED

00439774

DAVID SUMMERFIELD LIMITED Shareholders

raymond smith

100%

David Summerfield Limited currently has 1 director, Mr Raymond Smith serving since Dec 1991.

officer	country	age	start	end	role
Mr Raymond Smith		73 years	Dec 1991	-	Director

EXPORT

David Summerfield Limited's latest turnover from January 2023 is estimated at £3 million and the company has net assets of £4.8 million. According to their latest financial statements, David Summerfield Limited has 16 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	2,964,151	1,453,681	1,431,220	1,652,713	1,492,942	1,264,527	2,151,578	2,940,731	3,521,540	4,171,134	4,265,464	2,834,780	2,546,713	2,270,767
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,835,920	753,365	518,001	968,156	862,006	741,730	1,194,429	1,356,252	1,849,993	2,378,952	2,353,229	1,493,270	1,390,936	1,270,890
Gross Profit	1,128,230	700,316	913,218	684,557	630,936	522,797	957,149	1,584,479	1,671,548	1,792,182	1,912,235	1,341,510	1,155,777	999,877
Admin Expenses	1,043,466	460,969	961,460	913,776	1,241,181	2,191,950	894,442	596,329	339,823	1,117,607	1,465,304	470,902	-277,348	-2,442,974
Operating Profit	84,764	239,347	-48,242	-229,219	-610,245	-1,669,153	62,707	988,150	1,331,725	674,575	446,931	870,608	1,433,125	3,442,851
Interest Payable	0	0	0	0	0	0	0	0	695	2,034	3,276	4,429	5,499	3,007
Interest Receivable	50,936	4,389	2,089	18,164	21,634	20,321	13,789	27,893	22,841	17,833	13,344	12,093	11,221	4,604
Pre-Tax Profit	135,700	243,736	-46,153	-211,055	-588,611	-1,648,832	76,496	1,016,044	1,353,871	690,375	456,999	878,272	1,438,847	3,444,447
Tax	-25,783	-46,310	0	0	0	0	-15,299	-203,209	-284,313	-158,786	-109,680	-228,351	-402,877	-964,445
Profit After Tax	109,917	197,426	-46,153	-211,055	-588,611	-1,648,832	61,197	812,835	1,069,558	531,589	347,319	649,921	1,035,970	2,480,002
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	109,917	197,426	-46,153	-211,055	-588,611	-1,648,832	61,197	812,835	1,069,558	531,589	347,319	649,921	1,035,970	2,480,002
Employee Costs	373,795	409,752	381,468	431,671	477,439	397,590	330,894	405,111	674,464	152,853	178,712	118,609	113,271	86,081
Number Of Employees	16	17	18	20	22	22	30	34	28	12	13	9	8	8
EBITDA*	101,319	270,592	-6,286	-180,580	-559,548	-1,624,258	102,890	1,022,187	1,389,336	737,427	508,079	931,007	1,480,636	3,461,632

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	278,409	292,451	300,802	316,248	355,972	350,230	392,325	407,968	414,181	446,161	507,710	568,054	417,792	463,137
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	4,800	4,800	4,800	4,800	4,800	4,800	4,800	4,800	4,800	4,800	4,800	4,800	4,800	4,800
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	283,209	297,251	305,602	321,048	360,772	355,030	397,125	412,768	418,981	450,961	512,510	572,854	422,592	467,937
Stock & work in progress	3,263,761	3,179,506	2,300,346	2,249,967	1,938,307	2,052,749	1,888,954	1,629,634	1,505,383	1,423,962	1,678,888	2,247,868	1,751,025	1,563,401
Trade Debtors	3,838	1,410	1,100	2,883	3,809	2,087	3,142	12,520	78,620	85,762	94,345	77,576	71,484	78,540
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	232,099	128,964	91,814	56,320	60,066	53,361	65,043	64,226	2,419	0	0	71,287	0	0
Cash	1,398,175	1,512,462	1,998,976	2,178,561	2,665,209	3,103,942	5,024,414	6,006,967	5,150,415	3,985,800	3,147,590	2,190,155	2,647,084	1,841,484
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,897,873	4,822,342	4,392,236	4,487,731	4,667,391	5,212,139	6,981,553	7,713,347	6,736,837	5,495,524	4,920,823	4,586,886	4,469,593	3,483,425
total assets	5,181,082	5,119,593	4,697,838	4,808,779	5,028,163	5,567,169	7,378,678	8,126,115	7,155,818	5,946,485	5,433,333	5,159,740	4,892,185	3,951,362
Bank overdraft	0	0	0	0	0	0	0	0	0	21,371	19,831	18,402	17,076	15,846
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	195,617	186,569	98,178	123,838	134,631	66,782	161,158	542,317	990,981	829,232	820,647	868,805	1,247,470	1,318,457
Group/Directors Accounts	0	0	0	0	0	0	0	11,262	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	140,974	194,511	62,046	99,560	92,990	112,718	175,134	595,118	0	0	0	0	0	0
total current liabilities	336,591	381,080	160,224	223,398	227,621	179,500	336,292	1,148,697	990,981	850,603	840,478	887,207	1,264,546	1,334,303
loans	0	0	0	0	0	0	0	0	0	0	21,371	41,202	59,604	76,680
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	9,748	13,687	10,214	11,828	15,934	14,450	20,335	16,564	16,818	17,421	24,612	31,778	18,403	26,717
total long term liabilities	9,748	13,687	10,214	11,828	15,934	14,450	20,335	16,564	16,818	17,421	45,983	72,980	78,007	103,397
total liabilities	346,339	394,767	170,438	235,226	243,555	193,950	356,627	1,165,261	1,007,799	868,024	886,461	960,187	1,342,553	1,437,700
net assets	4,834,743	4,724,826	4,527,400	4,573,553	4,784,608	5,373,219	7,022,051	6,960,854	6,148,019	5,078,461	4,546,872	4,199,553	3,549,632	2,513,662
total shareholders funds	4,834,743	4,724,826	4,527,400	4,573,553	4,784,608	5,373,219	7,022,051	6,960,854	6,148,019	5,078,461	4,546,872	4,199,553	3,549,632	2,513,662

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	84,764	239,347	-48,242	-229,219	-610,245	-1,669,153	62,707	988,150	1,331,725	674,575	446,931	870,608	1,433,125	3,442,851
Depreciation	16,555	31,245	41,956	48,639	50,697	44,895	40,183	34,037	57,611	62,852	61,148	60,399	47,511	18,781
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-25,783	-46,310	0	0	0	0	-15,299	-203,209	-284,313	-158,786	-109,680	-228,351	-402,877	-964,445
Stock	84,255	879,160	50,379	311,660	-114,442	163,795	259,320	124,251	81,421	-254,926	-568,980	496,843	187,624	1,563,401
Debtors	105,563	37,460	33,711	-4,672	8,427	-12,737	-8,561	-4,293	-4,723	-8,583	-54,518	77,379	-7,056	78,540
Creditors	9,048	88,391	-25,660	-10,793	67,849	-94,376	-381,159	-448,664	161,749	8,585	-48,158	-378,665	-70,987	1,318,457
Accruals and Deferred Income	-53,537	132,465	-37,514	6,570	-19,728	-62,416	-419,984	595,118	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,939	3,473	-1,614	-4,106	1,484	-5,885	3,771	-254	-603	-7,191	-7,166	13,375	-8,314	26,717
Cash flow from operations	-162,710	-468,009	-155,164	-495,897	-403,928	-1,937,993	-960,540	845,220	1,189,471	843,544	966,573	-236,856	817,890	2,200,420
Investing Activities
capital expenditure	-2,513	-22,894	-26,510	-8,915	-56,439	-2,800	-24,540	-27,824	-25,631	-1,303	-804	-210,661	-2,166	-481,918
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	4,800
cash flow from investments	-2,513	-22,894	-26,510	-8,915	-56,439	-2,800	-24,540	-27,824	-25,631	-1,303	-804	-210,661	-2,166	-486,718
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-11,262	11,262	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	0	0	0	0	0	0	0	0	0	-21,371	-19,831	-18,402	-17,076	76,680
Hire Purchase and Lease Commitments	0	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	0	0	0	0	33,660
interest	50,936	4,389	2,089	18,164	21,634	20,321	13,789	27,893	22,146	15,799	10,068	7,664	5,722	1,597
cash flow from financing	50,936	4,389	2,089	18,164	21,634	20,321	2,527	39,155	22,146	-5,572	-9,763	-10,738	-11,354	111,937
cash and cash equivalents
cash	-114,287	-486,514	-179,585	-486,648	-438,733	-1,920,472	-982,553	856,552	1,164,615	838,210	957,435	-456,929	805,600	1,841,484
overdraft	0	0	0	0	0	0	0	0	-21,371	1,540	1,429	1,326	1,230	15,846
change in cash	-114,287	-486,514	-179,585	-486,648	-438,733	-1,920,472	-982,553	856,552	1,185,986	836,670	956,006	-458,255	804,370	1,825,638

P&L

January 2023

turnover

+104%

operating profit

84.8k

gross margin

38.1%

-20.99%

turnover

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

Balance Sheet

January 2023

net assets

4.8m

+0.02%

total assets

5.2m

+0.01%

cash

1.4m

-0.08%

net assets

Total assets minus all liabilities

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company number

00439774

Type

Private limited with Share Capital

industry

95250 - Repair of watches, clocks and jewellery

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

July 1947

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

70 parklands, ponteland, newcastle upon tyne, tyne & wear, NE20 9LN

last accounts submitted

January 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 did not find charges/mortgages relating to david summerfield limited.

david summerfield limited Company Information

david summerfield limited Estimated Valuation

david summerfield limited Estimated Valuation

david summerfield limited Estimated Valuation

David Summerfield Limited AI Business Plan

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