drivers & norris ltd

drivers & norris ltd Company Information

Share DRIVERS & NORRIS LTD
Live 
MatureSmallHigh

Company Number

00696136

Industry

Real estate agencies

 

Shareholders

peter laurence murphy

aw lindesay

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Group Structure

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Contact

Registered Address

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

drivers & norris ltd Estimated Valuation

£3m

Pomanda estimates the enterprise value of DRIVERS & NORRIS LTD at £3m based on a Turnover of £1.4m and 2.11x industry multiple (adjusted for size and gross margin).

drivers & norris ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of DRIVERS & NORRIS LTD at £0 based on an EBITDA of £-73.7k and a 7.3x industry multiple (adjusted for size and gross margin).

drivers & norris ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of DRIVERS & NORRIS LTD at £1.2m based on Net Assets of £548.9k and 2.14x industry multiple (adjusted for liquidity).

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Drivers & Norris Ltd Overview

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 £1.4m with high growth in recent years.

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Drivers & Norris Ltd Health Check

Pomanda's financial health check has awarded Drivers & Norris Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £1.4m, make it larger than the average company (£516.3k)

£1.4m - Drivers & Norris Ltd

£516.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.7%)

17% - Drivers & Norris Ltd

6.7% - Industry AVG

production

Production

with a gross margin of 84.6%, this company has a comparable cost of product (84.6%)

84.6% - Drivers & Norris Ltd

84.6% - Industry AVG

profitability

Profitability

an operating margin of -7.2% make it less profitable than the average company (5.3%)

-7.2% - Drivers & Norris Ltd

5.3% - Industry AVG

employees

Employees

with 22 employees, this is above the industry average (13)

22 - Drivers & Norris Ltd

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)

£39.4k - Drivers & Norris Ltd

£39.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £64.1k, this is less efficient (£77.3k)

£64.1k - Drivers & Norris Ltd

£77.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 38 days, this is near the average (42 days)

38 days - Drivers & Norris Ltd

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 197 days, this is slower than average (38 days)

197 days - Drivers & Norris Ltd

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Drivers & Norris Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (33 weeks)

13 weeks - Drivers & Norris Ltd

33 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.7%, this is a lower level of debt than the average (53.9%)

41.7% - Drivers & Norris Ltd

53.9% - Industry AVG

DRIVERS & NORRIS LTD financials

EXPORTms excel logo

Drivers & Norris Ltd's latest turnover from March 2024 is estimated at £1.4 million and the company has net assets of £548.9 thousand. According to their latest financial statements, Drivers & Norris Ltd has 22 employees and maintains cash reserves of £103.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,410,3681,221,2891,176,303869,5231,083,118916,4791,315,3431,525,3262,614,8302,605,0922,547,3552,008,7932,111,1182,511,8780
Other Income Or Grants000000000000000
Cost Of Sales217,152152,917104,13275,053136,719135,438160,053180,700331,403268,009355,725313,739303,589352,5720
Gross Profit1,193,2161,068,3731,072,171794,469946,400781,0411,155,2911,344,6272,283,4272,337,0832,191,6301,695,0541,807,5282,159,3060
Admin Expenses1,295,397956,136882,918553,671904,743573,5491,197,3261,523,9722,291,3422,300,4892,125,8941,669,2781,757,7222,111,9200
Operating Profit-102,181112,237189,253240,79841,657207,492-42,035-179,345-7,91536,59465,73625,77649,80647,3860
Interest Payable0052547400000000000
Interest Receivable9,00711,2354,6557415092,9381,3303,1029,76110,68212,6938,8605,3732,6740
Pre-Tax Profit-93,174123,472193,383241,06442,165210,430-40,705-176,2431,84647,27678,42934,63655,18050,0600
Tax0-23,460-36,743-45,802-8,011-39,98200-369-9,928-18,039-8,313-14,347-14,0170
Profit After Tax-93,174100,012156,640195,26234,154170,448-40,705-176,2431,47737,34860,39026,32340,83336,0430
Dividends Paid000000000000000
Retained Profit-93,174100,012156,640195,26234,154170,448-40,705-176,2431,47737,34860,39026,32340,83336,0430
Employee Costs867,246904,226850,758718,149834,999806,601875,606794,3721,323,6891,323,4351,359,0441,074,7841,088,8431,308,8260
Number Of Employees22232120222125223635373234390
EBITDA*-73,651144,554206,656276,164129,940287,36744,675-98,31470,697123,742155,175114,978137,637105,7020

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets60,78680,79061,26951,45345,63323,65018,45426,57723,98719,67429,24731,55037,16549,8890
Intangible Assets000017,49387,466157,439224,162293,135362,108431,081500,054552,527559,8550
Investments & Other000000000000000
Debtors (Due After 1 year)35,00035,0000000000000000
Total Fixed Assets95,786115,79061,26951,45363,126111,116175,893250,739317,122381,782460,328531,604589,692609,7440
Stock & work in progress000000000000000
Trade Debtors150,63961,76677,58839,14556,00436,747104,563153,718240,627213,335196,881162,642182,436203,6750
Group Debtors00585,461000000000000
Misc Debtors591,730606,61861,03948,98159,00838,30843,55216,07660,007000000
Cash103,352239,765288,944952,326529,284488,486294,900237,2352,244,5351,659,8882,612,8702,464,1951,079,6581,069,6740
misc current assets000000000000000
total current assets845,721908,1491,013,0321,040,452644,296563,541443,015407,0292,545,1691,873,2232,809,7512,626,8371,262,0941,273,3490
total assets941,5071,023,9391,074,3011,091,905707,422674,657618,908657,7682,862,2912,255,0053,270,0793,158,4411,851,7861,883,0930
Bank overdraft00015,54800000000000
Bank loan000000000000000
Trade Creditors 117,20479,88535,786328,042386,474394,171382,120387,409378,3552,053,9683,106,3902,988,7321,624,7841,846,9500
Group/Directors Accounts87,5000260,000000126,00881,00881,008000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities187,883301,972236,445362,885130,780124,472125,214163,0802,200,414000000
total current liabilities392,587381,857532,231706,475517,254518,643633,342631,4972,659,7772,053,9683,106,3902,988,7321,624,7841,846,9500
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000000000066,410150,02600
provisions000000000000000
total long term liabilities0000000000066,410150,02600
total liabilities392,587381,857532,231706,475517,254518,643633,342631,4972,659,7772,053,9683,106,3903,055,1421,774,8101,846,9500
net assets548,920642,082542,070385,430190,168156,014-14,43426,271202,514201,037163,689103,29976,97636,1430
total shareholders funds548,920642,082542,070385,430190,168156,014-14,43426,271202,514201,037163,689103,29976,97636,1430
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-102,181112,237189,253240,79841,657207,492-42,035-179,345-7,91536,59465,73625,77649,80647,3860
Depreciation28,53032,31717,40317,87318,3109,9029,98712,0589,63918,17520,46616,72916,02212,9220
Amortisation00017,49369,97369,97376,72368,97368,97368,97368,97372,47371,80945,3940
Tax0-23,460-36,743-45,802-8,011-39,98200-369-9,928-18,039-8,313-14,347-14,0170
Stock000000000000000
Debtors73,985-20,704635,962-26,88639,957-73,060-21,679-130,84087,29916,45434,239-19,794-21,239203,6750
Creditors37,31944,099-292,256-58,432-7,69712,051-5,2899,054-1,675,613-1,052,422117,6581,363,948-222,1661,846,9500
Accruals and Deferred Income-114,08965,527-126,440232,1056,308-742-37,866-2,037,3342,200,414000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations-224,406251,424-884,745430,92180,583331,75423,199-1,995,754507,830-955,062220,5551,490,407-77,6371,734,9600
Investing Activities
capital expenditure-8,526-51,838-27,219-23,693-40,293-15,098-11,864-14,648-13,952-8,602-18,163-31,114-67,779-668,0600
Change in Investments000000000000000
cash flow from investments-8,526-51,838-27,219-23,693-40,293-15,098-11,864-14,648-13,952-8,602-18,163-31,114-67,779-668,0600
Financing Activities
Bank loans000000000000000
Group/Directors Accounts87,500-260,000260,00000-126,00845,000081,008000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000000-66,410-83,616150,02600
share issue120000000000001000
interest9,00711,2354,1302675092,9381,3303,1029,76110,68212,6938,8605,3732,6740
cash flow from financing96,519-248,765264,130267509-123,07046,3303,10290,76910,682-53,717-74,756155,3992,7740
cash and cash equivalents
cash-136,413-49,179-663,382423,04240,798193,58657,665-2,007,300584,647-952,982148,6751,384,5379,9841,069,6740
overdraft00-15,54815,54800000000000
change in cash-136,413-49,179-647,834407,49440,798193,58657,665-2,007,300584,647-952,982148,6751,384,5379,9841,069,6740

drivers & norris ltd 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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Drivers & Norris Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for drivers & norris ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in N 3 area or any other competitors across 12 key performance metrics.

drivers & norris ltd Ownership

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 directors

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

officercountryagestartendrole
Mr Peter Murphy79 years Oct 1992- Director
Mr Scott HailouEngland50 years May 2018- Director

P&L

March 2024

turnover

1.4m

+15%

operating profit

-102.2k

0%

gross margin

84.7%

-3.29%

turnover

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

Balance Sheet

March 2024

net assets

548.9k

-0.15%

total assets

941.5k

-0.08%

cash

103.4k

-0.57%

net assets

Total assets minus all liabilities

drivers & norris ltd company details

company number

00696136

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

June 1961

age

63

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

wards (properties) limited (January 2010)

accountant

-

auditor

-

address

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

Bank

-

Legal Advisor

-

drivers & norris ltd 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 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 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.

Click to start generating capital raising & share issue transactions for DRIVERS & NORRIS LTD. This can take several minutes, an email will notify you when this has completed.

drivers & norris ltd Companies House Filings - See Documents

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