dorrington residential limited

dorrington residential limited Company Information

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Company Number

00561043

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 estates limited

Group Structure

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Contact

Registered Address

16 hans road, london, SW3 1RT

dorrington residential limited Estimated Valuation

£99.2m

Pomanda estimates the enterprise value of DORRINGTON RESIDENTIAL LIMITED at £99.2m based on a Turnover of £20.6m and 4.82x industry multiple (adjusted for size and gross margin).

dorrington residential limited Estimated Valuation

£116.2m

Pomanda estimates the enterprise value of DORRINGTON RESIDENTIAL LIMITED at £116.2m based on an EBITDA of £12.2m and a 9.52x industry multiple (adjusted for size and gross margin).

dorrington residential limited Estimated Valuation

£101.5m

Pomanda estimates the enterprise value of DORRINGTON RESIDENTIAL LIMITED at £101.5m based on Net Assets of £59.4m and 1.71x industry multiple (adjusted for liquidity).

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Dorrington Residential Limited Overview

Dorrington Residential Limited is a live company located in london, SW3 1RT with a Companies House number of 00561043. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 1956, it's largest shareholder is dorrington estates limited with a 100% stake. Dorrington Residential Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.6m with healthy growth in recent years.

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Dorrington Residential Limited Health Check

Pomanda's financial health check has awarded Dorrington Residential Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £20.6m, make it larger than the average company (£1.1m)

£20.6m - Dorrington Residential Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.6%)

6% - Dorrington Residential Limited

3.6% - Industry AVG

production

Production

with a gross margin of 61.7%, this company has a comparable cost of product (70.8%)

61.7% - Dorrington Residential Limited

70.8% - Industry AVG

profitability

Profitability

an operating margin of 59.3% make it more profitable than the average company (21.5%)

59.3% - Dorrington Residential Limited

21.5% - Industry AVG

employees

Employees

with 103 employees, this is above the industry average (4)

103 - Dorrington Residential Limited

4 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Dorrington Residential Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £200k, this is equally as efficient (£201.3k)

£200k - Dorrington Residential Limited

£201.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (33 days)

7 days - Dorrington Residential 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 Residential Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1750 days, this is more than average (53 days)

1750 days - Dorrington Residential Limited

53 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Dorrington Residential Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.2%, this is a lower level of debt than the average (71.2%)

55.2% - Dorrington Residential Limited

71.2% - Industry AVG

DORRINGTON RESIDENTIAL LIMITED financials

EXPORTms excel logo

Dorrington Residential Limited's latest turnover from December 2023 is £20.6 million and the company has net assets of £59.4 million. According to their latest financial statements, we estimate that Dorrington Residential Limited has 103 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
Turnover20,601,86915,230,13413,186,82617,485,38913,739,89115,920,96517,047,19117,662,90824,764,00519,128,50118,235,03214,948,38819,085,80716,919,51611,603,696
Other Income Or Grants000000000000000
Cost Of Sales7,891,0665,253,7492,802,5965,704,3894,557,8244,825,6246,367,6315,905,28011,379,3588,010,0755,663,3112,353,2664,950,3405,406,6451,513,004
Gross Profit12,710,8039,976,38510,384,23011,781,0009,182,06711,095,34110,679,56011,757,62813,384,64711,118,42612,571,72112,595,12214,135,46711,512,87110,090,692
Admin Expenses503,007-1,177,826-5,435,18966,16056,031647,739652,359574,337452,384509,662581,145512,429507,406466,531416,773
Operating Profit12,207,79611,154,21115,819,41911,714,8409,126,03610,447,60210,027,20111,183,29112,932,26310,608,76411,990,57612,082,69313,628,06111,046,3409,673,919
Interest Payable3,414,2271,912,6751,152,4781,194,8131,350,7841,227,9941,050,8391,081,590915,4091,101,8581,133,101893,187878,516989,579621,463
Interest Receivable3,72949427544261858471531,6067761,2417681,3241,1685,959
Pre-Tax Profit8,797,2989,242,03014,666,94310,520,7817,775,6789,219,7938,977,20910,101,85412,018,4609,507,68210,858,71611,190,27412,750,86910,057,9299,058,415
Tax-2,062,051-1,605,379-6,753,215-1,998,949-1,477,379-1,751,761-1,730,985-2,020,371-2,288,420-2,043,060-2,522,485-2,741,311-3,379,761-2,815,225-2,535,319
Profit After Tax6,735,2477,636,6517,913,7288,521,8326,298,2997,468,0327,246,2248,081,4839,730,0407,464,6228,336,2318,448,9639,371,1087,242,7046,523,096
Dividends Paid8,000,0008,000,0007,500,0007,000,0007,000,0008,000,0007,000,0008,500,00010,000,0007,500,0008,500,0007,500,0007,500,0004,000,0003,500,000
Retained Profit-1,264,753-363,349413,7281,521,832-701,701-531,968246,224-418,517-269,960-35,378-163,769948,9631,871,1083,242,7043,023,096
Employee Costs00000597,520595,847541,066420,541478,451549,933481,219476,009435,821387,021
Number Of Employees1038285116857766666888
EBITDA*12,207,79611,154,21115,819,41911,714,8409,126,03610,447,60210,027,20111,183,29112,932,26310,608,76411,990,57612,082,69313,628,06111,046,3409,673,919

* 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 & Other92,131,25392,446,25390,828,755000000000000
Debtors (Due After 1 year)587,258383,039236,458239,375269,375299,375163,607194,45743,01561,36500000
Total Fixed Assets92,718,51192,829,29291,065,213239,375269,375299,375163,607194,45743,01561,36500000
Stock & work in progress37,852,72943,900,29547,269,52572,134,59369,235,90767,589,39065,831,46664,829,43363,681,70457,698,07456,562,72351,970,00948,280,79348,089,93449,063,555
Trade Debtors423,618629,440232,893501,524437,328155,631229,404228,889186,529321,572386,216400,624366,050343,684764,093
Group Debtors000000000000000
Misc Debtors1,428,751215,773354,607265,873644,5261,013,542622,896646,8051,087,454560,302377,514384,314268,690386,844340,930
Cash000000000000000
misc current assets000000000000000
total current assets39,705,09844,745,50847,857,02572,901,99070,317,76168,758,56366,683,76665,705,12764,955,68758,579,94857,326,45352,754,94748,915,53348,820,46250,168,578
total assets132,423,609137,574,800138,922,23873,141,36570,587,13669,057,93866,847,37365,899,58464,998,70258,641,31357,326,45352,754,94748,915,53348,820,46250,168,578
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 25025025066,1019131,577005755751,64516,7043,1251,8022,202
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities988,472733,8771,200,970727,4172,016,6761,519,8631,331,9221,022,0841,868,4204,257,0641,014,676847,554716,306886,801675,969
total current liabilities988,722734,1271,201,220793,5182,017,5891,521,4401,331,9221,022,0841,868,9954,257,6391,016,321864,258719,431888,603678,171
loans56,287,07960,307,77060,901,93757,886,46455,629,99653,895,24651,342,23150,950,50448,784,19439,768,20137,681,00033,369,68334,330,44535,937,31040,738,562
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000000003,978,2813,706,386000
provisions15,787,36715,907,70815,830,537000000000000
total long term liabilities72,074,44676,215,47876,732,47457,886,46455,629,99653,895,24651,342,23150,950,50448,784,19439,768,20141,659,28137,076,06934,330,44535,937,31040,738,562
total liabilities73,063,16876,949,60577,933,69458,679,98257,647,58555,416,68652,674,15351,972,58850,653,18944,025,84042,675,60237,940,32735,049,87636,825,91341,416,733
net assets59,360,44160,625,19560,988,54414,461,38312,939,55113,641,25214,173,22013,926,99614,345,51314,615,47314,650,85114,814,62013,865,65711,994,5498,751,845
total shareholders funds59,360,44160,625,19560,988,54414,461,38312,939,55113,641,25214,173,22013,926,99614,345,51314,615,47314,650,85114,814,62013,865,65711,994,5498,751,845
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit12,207,79611,154,21115,819,41911,714,8409,126,03610,447,60210,027,20111,183,29112,932,26310,608,76411,990,57612,082,69313,628,06111,046,3409,673,919
Depreciation000000000000000
Amortisation000000000000000
Tax-2,062,051-1,605,379-6,753,215-1,998,949-1,477,379-1,751,761-1,730,985-2,020,371-2,288,420-2,043,060-2,522,485-2,741,311-3,379,761-2,815,225-2,535,319
Stock-6,047,566-3,369,230-24,865,0682,898,6861,646,5171,757,9241,002,0331,147,7295,983,6301,135,3514,592,7143,689,216190,859-973,62149,063,555
Debtors1,211,375404,294-182,814-344,457-117,319452,641-54,244-246,847373,759179,509-21,208150,198-95,788-374,4951,105,023
Creditors00-65,85165,188-6641,5770-5750-1,070-15,05913,5791,323-4002,202
Accruals and Deferred Income254,595-467,093473,553-1,289,259496,813187,941309,838-846,336-2,388,6443,242,388167,122131,248-170,495210,832675,969
Deferred Taxes & Provisions-120,34177,17115,830,537000000000000
Cash flow from operations15,116,19012,123,84650,352,3255,937,5916,615,6086,674,7947,658,2657,415,1271,897,81010,492,1625,048,6485,646,7959,984,0579,789,663-42,351,807
Investing Activities
capital expenditure000000000000000
Change in Investments-315,0001,617,49890,828,755000000000000
cash flow from investments315,000-1,617,498-90,828,755000000000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-4,020,691-594,1673,015,4732,256,4681,734,7502,553,015391,7272,166,3109,015,9932,087,2014,311,317-960,762-1,606,865-4,801,25240,738,562
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000-3,978,281271,8953,706,386000
share issue-1046,113,433000000000005,728,749
interest-3,410,498-1,912,181-1,152,476-1,194,059-1,350,358-1,227,809-1,049,992-1,081,437-913,803-1,101,082-1,131,860-892,419-877,192-988,411-615,504
cash flow from financing-7,431,190-2,506,34847,976,4301,062,409384,3921,325,206-658,2651,084,8738,102,190-2,992,1623,451,3521,853,205-2,484,057-5,789,66345,851,807
cash and cash equivalents
cash000000000000000
overdraft000000000000000
change in cash000000000000000

dorrington residential 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 Residential Limited Competitor Analysis

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

dorrington residential limited Ownership

DORRINGTON RESIDENTIAL LIMITED group structure

Dorrington Residential Limited has 2 subsidiary companies.

Ultimate parent company

DORRINGTON RESIDENTIAL LIMITED

00561043

2 subsidiaries

DORRINGTON RESIDENTIAL LIMITED Shareholders

dorrington estates limited 100%

dorrington residential limited directors

Dorrington Residential Limited currently has 9 directors. The longest serving directors include Mr Manfred Gorvy (Nov 1991) and Mr Francesco Cirillo (Jul 2003).

officercountryagestartendrole
Mr Manfred Gorvy86 years Nov 1991- Director
Mr Francesco CirilloEngland61 years Jul 2003- Director
Mr Michael JenkinsUnited Kingdom52 years Feb 2021- Director
Mr Andrew GiblinEngland46 years Apr 2021- Director
Dr Sean GorvyEngland62 years Mar 2022- Director
Mr Bruce ThompsonEngland60 years Mar 2022- Director
Mr Robert HarrisUnited Kingdom62 years Mar 2022- Director
Mr Robert HarrisEngland62 years Mar 2022- Director
Mr Harry SwalesUnited Kingdom44 years Sep 2023- Director

P&L

December 2023

turnover

20.6m

+35%

operating profit

12.2m

+9%

gross margin

61.7%

-5.81%

turnover

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

Balance Sheet

December 2023

net assets

59.4m

-0.02%

total assets

132.4m

-0.04%

cash

0

0%

net assets

Total assets minus all liabilities

dorrington residential limited company details

company number

00561043

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

February 1956

age

69

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

acre close holdings limited (March 2003)

accountant

-

auditor

DELOITTE LLP

address

16 hans road, london, SW3 1RT

Bank

-

Legal Advisor

-

dorrington residential 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 274 charges/mortgages relating to dorrington residential limited. Currently there are 253 open charges and 21 have been satisfied in the past.

dorrington residential 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 residential limited Companies House Filings - See Documents

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