Drivers & Norris Ltd

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drivers & norris ltd Company Information

Live

MatureSmallLow

Company Number

00696136

Website

http://cavendishandgloucester.co.uk

Registered Address

winston house 2 dollis park, finchley, london, N3 1HF

Industry

Real estate agencies

Telephone

02076075001

Next Accounts Due

December 2024

Group Structure

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Directors

Peter Murphy31 Years

Scott Hailou6 Years

Shareholders

peter laurence murphy 71.4%

aw lindesay 17.9%

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drivers & norris ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of DRIVERS & NORRIS LTD at £2.1m based on a Turnover of £1.2m and 1.78x industry multiple (adjusted for size and gross margin).

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Drivers & Norris Ltd is a live company located in london, N3 1HF with a Companies House number of 00696136. It operates in the real estate agencies sector, SIC Code 68310. Founded in June 1961, it's largest shareholder is peter laurence murphy with a 71.4% stake. Drivers & Norris Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with low growth in recent years.

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Pomanda's financial health check has awarded Drivers & Norris Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

5 Regular

2 Weak

Size

annual sales of £1.2m, make it in line with the average company (£1.2m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.1%)

EXPORT

Drivers & Norris Ltd's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £642.1 thousand. According to their latest financial statements, Drivers & Norris Ltd has 23 employees and maintains cash reserves of £239.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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
Turnover	1,205,407	1,241,671	879,563	1,118,310	927,842	1,355,336	1,585,104	2,648,341	2,618,102	2,532,338	2,014,329	2,093,636	2,506,717
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	202,493	144,050	84,120	153,599	144,135	175,335	187,681	323,405	265,680	368,389	320,195	313,218	358,122
Gross Profit	1,002,914	1,097,621	795,443	964,711	783,706	1,180,001	1,397,423	2,324,936	2,352,423	2,163,950	1,694,134	1,780,418	2,148,595
Admin Expenses	890,677	908,368	554,645	923,054	576,214	1,222,036	1,576,768	2,332,851	2,315,829	2,098,214	1,668,358	1,730,612	2,101,209
Operating Profit	112,237	189,253	240,798	41,657	207,492	-42,035	-179,345	-7,915	36,594	65,736	25,776	49,806	47,386
Interest Payable	0	525	474	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,235	4,655	741	509	2,938	1,330	3,102	9,761	10,682	12,693	8,860	5,373	2,674
Pre-Tax Profit	123,472	193,383	241,064	42,165	210,430	-40,705	-176,243	1,846	47,276	78,429	34,636	55,180	50,060
Tax	-23,460	-36,743	-45,802	-8,011	-39,982	0	0	-369	-9,928	-18,039	-8,313	-14,347	-14,017
Profit After Tax	100,012	156,640	195,262	34,154	170,448	-40,705	-176,243	1,477	37,348	60,390	26,323	40,833	36,043
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	100,012	156,640	195,262	34,154	170,448	-40,705	-176,243	1,477	37,348	60,390	26,323	40,833	36,043
Employee Costs	873,593	836,526	713,066	811,332	815,399	876,580	796,377	1,324,245	1,318,409	1,359,044	1,074,784	1,088,843	1,308,826
Number Of Employees	23	21	20	22	21	25	22	36	35	37	32	34	39
EBITDA*	144,554	206,656	276,164	129,940	287,367	44,675	-98,314	70,697	123,742	155,175	114,978	137,637	105,702

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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
Tangible Assets	80,790	61,269	51,453	45,633	23,650	18,454	26,577	23,987	19,674	29,247	31,550	37,165	49,889
Intangible Assets	0	0	0	17,493	87,466	157,439	224,162	293,135	362,108	431,081	500,054	552,527	559,855
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	35,000	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	115,790	61,269	51,453	63,126	111,116	175,893	250,739	317,122	381,782	460,328	531,604	589,692	609,744
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	61,766	77,588	39,145	56,004	36,747	104,563	153,718	240,627	213,335	196,881	162,642	182,436	203,675
Group Debtors	585,461	585,461	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	21,157	61,039	48,981	59,008	38,308	43,552	16,076	60,007	0	0	0	0	0
Cash	239,765	288,944	952,326	529,284	488,486	294,900	237,235	2,244,535	1,659,888	2,612,870	2,464,195	1,079,658	1,069,674
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	908,149	1,013,032	1,040,452	644,296	563,541	443,015	407,029	2,545,169	1,873,223	2,809,751	2,626,837	1,262,094	1,273,349
total assets	1,023,939	1,074,301	1,091,905	707,422	674,657	618,908	657,768	2,862,291	2,255,005	3,270,079	3,158,441	1,851,786	1,883,093
Bank overdraft	0	0	15,548	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	79,885	35,786	328,042	386,474	394,171	382,120	387,409	378,355	2,053,968	3,106,390	2,988,732	1,624,784	1,846,950
Group/Directors Accounts	150,000	260,000	0	0	0	126,008	81,008	81,008	0	0	0	0	0
other short term finances	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
other current liabilities	151,972	236,445	362,885	130,780	124,472	125,214	163,080	2,200,414	0	0	0	0	0
total current liabilities	381,857	532,231	706,475	517,254	518,643	633,342	631,497	2,659,777	2,053,968	3,106,390	2,988,732	1,624,784	1,846,950
loans	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
Accruals and Deferred Income	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	66,410	150,026	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	66,410	150,026	0
total liabilities	381,857	532,231	706,475	517,254	518,643	633,342	631,497	2,659,777	2,053,968	3,106,390	3,055,142	1,774,810	1,846,950
net assets	642,082	542,070	385,430	190,168	156,014	-14,434	26,271	202,514	201,037	163,689	103,299	76,976	36,143
total shareholders funds	642,082	542,070	385,430	190,168	156,014	-14,434	26,271	202,514	201,037	163,689	103,299	76,976	36,143

	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	112,237	189,253	240,798	41,657	207,492	-42,035	-179,345	-7,915	36,594	65,736	25,776	49,806	47,386	0
Depreciation	32,317	17,403	17,873	18,310	9,902	9,987	12,058	9,639	18,175	20,466	16,729	16,022	12,922	0
Amortisation	0	0	17,493	69,973	69,973	76,723	68,973	68,973	68,973	68,973	72,473	71,809	45,394	0
Tax	-23,460	-36,743	-45,802	-8,011	-39,982	0	0	-369	-9,928	-18,039	-8,313	-14,347	-14,017	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-20,704	635,962	-26,886	39,957	-73,060	-21,679	-130,840	87,299	16,454	34,239	-19,794	-21,239	203,675	0
Creditors	44,099	-292,256	-58,432	-7,697	12,051	-5,289	9,054	-1,675,613	-1,052,422	117,658	1,363,948	-222,166	1,846,950	0
Accruals and Deferred Income	-84,473	-126,440	232,105	6,308	-742	-37,866	-2,037,334	2,200,414	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	101,424	-884,745	430,921	80,583	331,754	23,199	-1,995,754	507,830	-955,062	220,555	1,490,407	-77,637	1,734,960	0
Investing Activities
capital expenditure	-51,838	-27,219	-23,693	-40,293	-15,098	-11,864	-14,648	-13,952	-8,602	-18,163	-31,114	-67,779	-668,060	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-51,838	-27,219	-23,693	-40,293	-15,098	-11,864	-14,648	-13,952	-8,602	-18,163	-31,114	-67,779	-668,060	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-110,000	260,000	0	0	-126,008	45,000	0	81,008	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	0	0	0	0	0
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	-66,410	-83,616	150,026	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100	0
interest	11,235	4,130	267	509	2,938	1,330	3,102	9,761	10,682	12,693	8,860	5,373	2,674	0
cash flow from financing	-98,765	264,130	267	509	-123,070	46,330	3,102	90,769	10,682	-53,717	-74,756	155,399	2,774	0
cash and cash equivalents
cash	-49,179	-663,382	423,042	40,798	193,586	57,665	-2,007,300	584,647	-952,982	148,675	1,384,537	9,984	1,069,674	0
overdraft	0	-15,548	15,548	0	0	0	0	0	0	0	0	0	0	0
change in cash	-49,179	-647,834	407,494	40,798	193,586	57,665	-2,007,300	584,647	-952,982	148,675	1,384,537	9,984	1,069,674	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRIVERS & NORRIS LTD group structure

Drivers & Norris Ltd has no subsidiary companies.

Ultimate parent company

DRIVERS & NORRIS LTD

00696136

DRIVERS & NORRIS LTD Shareholders

peter laurence murphy	71.43%
aw lindesay	17.86%
scott hailou	10.71%

Drivers & Norris Ltd currently has 2 directors. The longest serving directors include Mr Peter Murphy (Oct 1992) and Mr Scott Hailou (May 2018).

officer	country	age	start	end	role
Mr Peter Murphy	England	79 years	Oct 1992	-	Director
Mr Scott Hailou	England	49 years	May 2018	-	Director

P&L

March 2023

turnover

1.2m

-3%

operating profit

112.2k

gross margin

83.3%

-5.88%

turnover

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

Balance Sheet

March 2023

net assets

642.1k

+0.18%

total assets

-0.05%

cash

239.8k

-0.17%

net assets

Total assets minus all liabilities

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company number

00696136

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

June 1961

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

wards (properties) limited (January 2010)

incorporated

address

winston house 2 dollis park, finchley, london, N3 1HF

last accounts submitted

March 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 found 21 charges/mortgages relating to drivers & norris ltd. Currently there are 1 open charges and 20 have been satisfied in the past.

drivers & norris ltd Company Information

drivers & norris ltd Estimated Valuation

drivers & norris ltd Estimated Valuation

drivers & norris ltd Estimated Valuation

Drivers & Norris Ltd Overview

Drivers & Norris Ltd Health Check

DRIVERS & NORRIS LTD financials

drivers & norris ltd Credit Report and Business Information

Drivers & Norris Ltd Competitor Analysis

drivers & norris ltd Ownership

drivers & norris ltd directors

drivers & norris ltd company details

drivers & norris ltd Charges & Mortgages

drivers & norris ltd Companies House Filings - See Documents