Pomanda estimates the enterprise value of DAVRO STEEL LIMITED at £37.6m based on a Turnover of £91.8m and 0.41x industry multiple (adjusted for size and gross margin).
davro steel limitedEstimated Valuation
£10.7m
Pomanda estimates the enterprise value of DAVRO STEEL LIMITED at £10.7m based on an EBITDA of £1.9m and a 5.58x industry multiple (adjusted for size and gross margin).
davro steel limitedEstimated Valuation
£17.1m
Pomanda estimates the enterprise value of DAVRO STEEL LIMITED at £17.1m based on Net Assets of £10.5m and 1.64x industry multiple (adjusted for liquidity).
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Davro Steel LimitedOverview
Davro Steel Limited is a live company located in halesowen, B63 2RR with a Companies House number of 00471310. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in July 1949, it's largest shareholder is
ricol holdings limited
with a 60.8% stake. Davro Steel Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£91.8m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Davro Steel Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £91.8m, make it larger than the average company (£24.7m)
£91.8m - Davro Steel Limited
£24.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a slower rate (14.4%)
11% - Davro Steel Limited
14.4% - Industry AVG
Production
with a gross margin of 7.9%, this company has a higher cost of product (14.9%)
7.9% - Davro Steel Limited
14.9% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (4.2%)
1.4% - Davro Steel Limited
4.2% - Industry AVG
Employees
with 32 employees, this is similar to the industry average (31)
32 - Davro Steel Limited
31 - Industry AVG
Pay Structure
on an average salary of £106.7k, the company has a higher pay structure (£48k)
£106.7k - Davro Steel Limited
£48k - Industry AVG
Efficiency
resulting in sales per employee of £2.9m, this is more efficient (£812.3k)
£2.9m - Davro Steel Limited
£812.3k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is near the average (64 days)
76 days - Davro Steel Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (52 days)
89 days - Davro Steel Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 19 days, this is less than average (75 days)
19 days - Davro Steel Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (10 weeks)
1 weeks - Davro Steel Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.9%, this is a higher level of debt than the average (50.3%)
69.9% - Davro Steel Limited
50.3% - Industry AVG
DAVRO STEEL LIMITED financials
EXPORT
Davro Steel Limited's latest turnover from March 2024 is £91.8 million and the company has net assets of £10.5 million. According to their latest financial statements, Davro Steel Limited has 32 employees and maintains cash reserves of £504.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
91,786,233
120,851,740
123,756,880
66,828,560
78,462,277
83,007,852
74,937,489
56,403,669
36,548,471
34,405,083
34,021,317
37,365,211
35,518,439
26,130,385
12,112,316
Other Income Or Grants
Cost Of Sales
84,510,626
109,612,838
115,694,250
62,110,955
73,924,332
78,649,528
70,033,254
51,331,102
33,614,753
32,151,548
31,802,768
35,398,408
32,907,084
23,804,361
10,272,267
Gross Profit
7,275,607
11,238,902
8,062,630
4,717,605
4,537,945
4,358,324
4,904,235
5,072,567
2,933,718
2,253,535
2,218,549
1,966,803
2,611,355
2,326,024
1,840,049
Admin Expenses
6,014,183
8,673,093
5,644,968
3,794,844
4,196,088
3,930,720
2,962,183
3,426,655
2,782,725
2,128,805
2,079,492
2,178,561
2,267,631
1,991,234
1,726,682
Operating Profit
1,261,424
2,565,809
2,417,662
922,761
341,857
427,604
1,942,052
1,645,912
150,993
124,730
139,057
-211,758
343,724
334,790
113,367
Interest Payable
114,064
245,524
391,939
91,969
265,599
206,772
203,629
144,675
131,915
119,119
133,779
127,363
153,988
116,547
61,282
Interest Receivable
109,998
626,301
4,259
Pre-Tax Profit
1,257,358
2,320,285
2,025,723
830,792
76,258
220,832
1,738,423
1,501,237
645,379
5,611
5,278
-339,121
189,736
218,243
56,344
Tax
-403,842
-508,649
-586,446
-147,863
86,081
-53,782
-294,854
-334,949
-31,889
-7,630
-10,842
35,323
-10,363
-32,732
-4,102
Profit After Tax
853,516
1,811,636
1,439,277
682,929
162,339
167,050
1,443,569
1,166,288
613,490
-2,019
-5,564
-303,798
179,373
185,511
52,242
Dividends Paid
232,992
116,496
116,496
58,248
116,496
116,496
116,496
Retained Profit
620,524
1,695,140
1,322,781
682,929
104,091
50,554
1,327,073
1,049,792
613,490
-2,019
-5,564
-303,798
179,373
185,511
52,242
Employee Costs
3,414,383
1,615,207
1,541,108
1,644,914
2,277,281
2,351,632
2,176,790
1,912,894
1,696,750
1,435,687
1,437,837
1,456,642
1,520,412
1,228,840
984,221
Number Of Employees
32
32
35
38
57
58
59
53
46
42
43
43
46
43
36
EBITDA*
1,923,757
3,545,910
3,255,405
1,613,391
820,902
894,212
2,430,739
2,020,110
459,694
307,977
356,577
-18,357
518,172
494,753
280,119
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
5,034,013
5,190,218
5,344,849
5,648,232
5,475,832
3,637,210
3,259,187
3,330,470
3,416,346
3,856,465
2,984,959
3,116,123
2,690,746
2,736,218
2,706,715
Intangible Assets
Investments & Other
1,275,000
1,275,000
Debtors (Due After 1 year)
Total Fixed Assets
5,034,013
5,190,218
5,344,849
5,648,232
5,475,832
3,637,210
3,259,187
4,605,470
4,691,346
3,856,465
2,984,959
3,116,123
2,690,746
2,736,218
2,706,715
Stock & work in progress
4,484,273
8,109,162
14,805,566
7,392,983
6,378,422
11,331,485
6,960,841
5,938,422
3,772,192
3,085,456
2,600,928
3,344,143
3,961,657
3,508,377
2,156,584
Trade Debtors
19,350,299
23,729,252
31,768,091
23,079,613
20,420,460
25,565,866
19,787,293
18,529,768
10,894,981
9,328,674
8,742,282
8,478,095
10,066,101
7,378,344
3,560,964
Group Debtors
295,882
295,882
110,000
10,000
10,000
10,000
689,357
636,249
632,497
588,816
574,880
572,865
Misc Debtors
5,354,437
3,807,675
185,298
637,642
777,147
789,918
861,039
819,033
834,656
219,764
268,613
33,967
269,542
47,299
111,079
Cash
504,267
650,324
393,956
191,788
41,123
709,893
2,645,990
927,803
404,542
27,989
1,290
500
1,875
misc current assets
total current assets
29,693,276
36,296,413
47,448,793
31,597,908
27,727,152
38,407,162
30,265,163
26,225,026
15,906,371
13,351,240
12,249,362
12,489,202
14,886,116
11,510,775
6,401,492
total assets
34,727,289
41,486,631
52,793,642
37,246,140
33,202,984
42,044,372
33,524,350
30,830,496
20,597,717
17,207,705
15,234,321
15,605,325
17,576,862
14,246,993
9,108,207
Bank overdraft
46,825
4,879,786
4,063,524
5,727,384
6,925,354
4,862,226
2,497,611
Bank loan
Trade Creditors
20,800,987
26,950,913
22,879,595
23,277,395
18,338,352
19,011,678
16,854,609
15,253,840
9,367,814
8,576,754
7,305,351
5,762,904
5,776,628
5,103,567
2,844,052
Group/Directors Accounts
1,864,183
2,597,318
other short term finances
17,572,786
4,317,316
6,959,474
15,162,503
8,381,342
9,674,299
6,536,110
hp & lease commitments
205,279
199,303
193,501
187,868
42,375
140,216
212,066
193,963
other current liabilities
362,738
715,264
2,657,731
1,359,831
1,499,794
1,614,927
2,052,861
972,360
875,585
531,827
651,719
861,792
1,142,002
524,607
131,273
total current liabilities
23,233,187
30,462,798
43,303,613
29,142,410
26,797,620
35,789,108
27,288,812
25,900,499
16,826,334
13,988,367
12,020,594
12,394,455
13,984,200
10,702,466
5,666,899
loans
41,258
41,258
41,258
41,258
41,258
41,258
41,258
hp & lease commitments
175,762
381,041
580,344
773,844
42,671
182,442
295,707
Accruals and Deferred Income
other liabilities
provisions
850,785
795,761
757,794
500,776
259,183
213,174
244,002
265,534
115,454
83,565
75,935
67,514
102,837
94,304
63,331
total long term liabilities
1,026,547
1,176,802
1,338,138
1,274,620
259,183
213,174
244,002
265,534
156,712
124,823
117,193
108,772
186,766
318,004
400,296
total liabilities
24,259,734
31,639,600
44,641,751
30,417,030
27,056,803
36,002,282
27,532,814
26,166,033
16,983,046
14,113,190
12,137,787
12,503,227
14,170,966
11,020,470
6,067,195
net assets
10,467,555
9,847,031
8,151,891
6,829,110
6,146,181
6,042,090
5,991,536
4,664,463
3,614,671
3,094,515
3,096,534
3,102,098
3,405,896
3,226,523
3,041,012
total shareholders funds
10,467,555
9,847,031
8,151,891
6,829,110
6,146,181
6,042,090
5,991,536
4,664,463
3,614,671
3,094,515
3,096,534
3,102,098
3,405,896
3,226,523
3,041,012
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
1,261,424
2,565,809
2,417,662
922,761
341,857
427,604
1,942,052
1,645,912
150,993
124,730
139,057
-211,758
343,724
334,790
113,367
Depreciation
662,333
980,101
837,743
690,630
479,045
466,608
488,687
374,198
308,701
183,247
217,520
193,401
174,448
159,963
166,752
Amortisation
Tax
-403,842
-508,649
-586,446
-147,863
86,081
-53,782
-294,854
-334,949
-31,889
-7,630
-10,842
35,323
-10,363
-32,732
-4,102
Stock
-3,624,889
-6,696,404
7,412,583
1,014,561
-4,953,063
4,370,644
1,022,419
2,166,230
686,736
484,528
-743,215
-617,514
453,280
1,351,793
2,156,584
Debtors
-2,832,191
-4,712,344
8,236,134
2,705,530
-5,058,177
5,707,452
1,299,531
7,629,164
1,491,842
590,651
502,585
-1,779,900
2,923,936
3,755,615
4,244,908
Creditors
-6,149,926
4,071,318
-397,800
4,939,043
-673,326
2,157,069
1,600,769
5,886,026
791,060
1,271,403
1,542,447
-13,724
673,061
2,259,515
2,844,052
Accruals and Deferred Income
-352,526
-1,942,467
1,297,900
-139,963
-115,133
-437,934
1,080,501
96,775
343,758
-119,892
-210,073
-280,210
617,395
393,334
131,273
Deferred Taxes & Provisions
55,024
37,967
257,018
241,593
46,009
-30,828
-21,532
150,080
31,889
7,630
8,421
-35,323
8,533
30,973
63,331
Cash flow from operations
1,529,567
16,612,827
-11,822,640
2,786,110
10,175,773
-7,549,359
2,473,673
-1,977,352
-584,066
384,309
1,927,160
2,085,123
-1,570,418
-1,961,565
-3,086,819
Investing Activities
capital expenditure
-506,128
-825,470
-844,631
1,710,575
-279,779
-500,733
-1,054,753
-81,357
-621,652
-133,496
-166,999
-12,000
Change in Investments
-1,275,000
1,275,000
cash flow from investments
-506,128
-825,470
-844,631
2,985,575
-279,779
-1,775,733
-1,054,753
-81,357
-621,652
-133,496
-166,999
-12,000
Financing Activities
Bank loans
Group/Directors Accounts
-733,135
2,597,318
Other Short Term Loans
-17,572,786
13,255,470
-2,642,158
-8,203,029
6,781,161
-1,292,957
3,138,189
6,536,110
Long term loans
-41,258
41,258
Hire Purchase and Lease Commitments
-199,303
-193,501
-187,867
961,712
-42,375
-140,512
-211,621
-95,162
489,670
other long term liabilities
share issue
-93,334
2,988,770
interest
-4,066
-245,524
-391,939
-91,969
-265,599
-206,772
-203,629
-144,675
494,386
-119,119
-133,779
-127,363
-153,988
-116,547
-57,023
cash flow from financing
-936,504
-15,414,493
12,675,664
-1,772,415
-8,468,628
6,574,389
-1,496,586
2,952,256
6,937,162
-119,119
-176,154
-267,875
-365,609
-211,709
3,462,675
cash and cash equivalents
cash
-146,057
256,368
202,168
150,665
-668,770
-1,936,097
1,718,187
523,261
376,553
26,699
790
500
-1,875
1,875
overdraft
-46,825
-4,832,961
816,262
-1,663,860
-1,197,970
2,063,128
2,364,615
2,497,611
change in cash
-146,057
256,368
202,168
150,665
-668,770
-1,936,097
1,718,187
570,086
5,209,514
-789,563
1,664,650
1,198,470
-2,065,003
-2,362,740
-2,497,611
davro steel limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for davro steel limited. Get real-time insights into davro steel limited's credit score, group structure and payment trends.
Perform a competitor analysis for davro steel limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in B63 area or any other competitors across 12 key performance metrics.
davro iron and steel company limited(the) (February 2014)
accountant
-
auditor
BK PLUS AUDIT LIMITED
address
unit 9, hayes trading estate, hingley road, halesowen, west midlands, B63 2RR
Bank
-
Legal Advisor
-
davro steel 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 14 charges/mortgages relating to davro steel limited. Currently there are 4 open charges and 10 have been satisfied in the past.
davro steel 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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davro steel limitedCompanies House Filings - See Documents
