davico industrial limited
davico industrial limited Company Information
Company Number
00900196
Website
http://davico.co.ukRegistered Address
the silverworks, 67-71 northwood street, birmingham, west midlands, B3 1TX
Industry
Manufacture of electronic components
Manufacture of other electronic and electric wires and cables
Telephone
01623412160
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
mr brian ronald davies 51%
mrs lynn mary davies 49%
davico industrial limited Estimated Valuation
Pomanda estimates the enterprise value of DAVICO INDUSTRIAL LIMITED at £3m based on a Turnover of £4.7m and 0.64x industry multiple (adjusted for size and gross margin).
davico industrial limited Estimated Valuation
Pomanda estimates the enterprise value of DAVICO INDUSTRIAL LIMITED at £1.1m based on an EBITDA of £253k and a 4.35x industry multiple (adjusted for size and gross margin).
davico industrial limited Estimated Valuation
Pomanda estimates the enterprise value of DAVICO INDUSTRIAL LIMITED at £1.3m based on Net Assets of £556.5k and 2.26x industry multiple (adjusted for liquidity).
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Davico Industrial Limited Overview
Davico Industrial Limited is a dissolved company that was located in birmingham, B3 1TX with a Companies House number of 00900196. It operated in the manufacture of electronic components sector, SIC Code 26110. Founded in March 1967, it's largest shareholder was mr brian ronald davies with a 51% stake. The last turnover for Davico Industrial Limited was estimated at £4.7m.
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Davico Industrial Limited Health Check
Pomanda's financial health check has awarded Davico Industrial Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £4.7m, make it smaller than the average company (£9.6m)
- Davico Industrial Limited
£9.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Davico Industrial Limited
- - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (27%)
- Davico Industrial Limited
27% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (5.1%)
- Davico Industrial Limited
5.1% - Industry AVG
Employees
with 18 employees, this is below the industry average (79)
- Davico Industrial Limited
79 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)
- Davico Industrial Limited
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £262.7k, this is more efficient (£144.2k)
- Davico Industrial Limited
£144.2k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is near the average (64 days)
- Davico Industrial Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 184 days, this is slower than average (44 days)
- Davico Industrial Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 93 days, this is more than average (65 days)
- Davico Industrial Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Davico Industrial Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.7%, this is a higher level of debt than the average (58.2%)
78.7% - Davico Industrial Limited
58.2% - Industry AVG
DAVICO INDUSTRIAL LIMITED financials
Davico Industrial Limited's latest turnover from December 2011 is estimated at £4.7 million and the company has net assets of £556.5 thousand. According to their latest financial statements, we estimate that Davico Industrial Limited has 18 employees and maintains cash reserves of £575 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Dividends Paid | |||
| Retained Profit | |||
| Employee Costs | |||
| Number Of Employees | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|
| Tangible Assets | 547,141 | 529,335 | 628,000 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 141,712 | 141,712 | 141,712 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 688,853 | 671,047 | 769,712 |
| Stock & work in progress | 993,948 | 933,782 | 622,097 |
| Trade Debtors | 929,269 | 1,110,353 | 1,013,958 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 575 | 6,857 | 24,022 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,923,792 | 2,050,992 | 1,660,077 |
| total assets | 2,612,645 | 2,722,039 | 2,429,789 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,968,149 | 2,116,350 | 1,915,283 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 1,968,149 | 2,116,350 | 1,915,283 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 21,683 | 72,333 | 95,515 |
| provisions | 66,289 | 50,760 | 25,456 |
| total long term liabilities | 87,972 | 123,093 | 120,971 |
| total liabilities | 2,056,121 | 2,239,443 | 2,036,254 |
| net assets | 556,524 | 482,596 | 393,535 |
| total shareholders funds | 556,524 | 482,596 | 393,535 |
| Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 111,403 | 122,090 | 133,084 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 60,166 | 311,685 | 622,097 |
| Debtors | -181,084 | 96,395 | 1,013,958 |
| Creditors | -148,201 | 201,067 | 1,915,283 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 15,529 | 25,304 | 25,456 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 141,712 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | -50,650 | -23,182 | 95,515 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -6,282 | -17,165 | 24,022 |
| overdraft | 0 | 0 | 0 |
| change in cash | -6,282 | -17,165 | 24,022 |
davico industrial limited Credit Report and Business Information
Davico Industrial Limited Competitor Analysis
Perform a competitor analysis for davico industrial limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
davico industrial limited Ownership
DAVICO INDUSTRIAL LIMITED group structure
Davico Industrial Limited has no subsidiary companies.
Ultimate parent company
DAVICO INDUSTRIAL LIMITED
00900196
davico industrial limited directors
Davico Industrial Limited currently has 4 directors. The longest serving directors include Mr Brian Davies (Jun 1991) and Mrs Lynn Davies (Jun 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Davies | 74 years | Jun 1991 | - | Director | |
| Mrs Lynn Davies | 73 years | Jun 1991 | - | Director | |
| Mr Lee Davies | 53 years | May 2006 | - | Director | |
| Ms Michelle Evans | 56 years | Sep 2012 | - | Director |
P&L
December 2011turnover
4.7m
-11%
operating profit
141.6k
0%
gross margin
17.6%
-3.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2011net assets
556.5k
+0.15%
total assets
2.6m
-0.04%
cash
575
-0.92%
net assets
Total assets minus all liabilities
davico industrial limited company details
company number
00900196
Type
Private limited with Share Capital
industry
26110 - Manufacture of electronic components
27320 - Manufacture of other electronic and electric wires and cables
incorporation date
March 1967
age
57
accounts
Total Exemption Small
ultimate parent company
previous names
N/A
incorporated
UK
address
the silverworks, 67-71 northwood street, birmingham, west midlands, B3 1TX
last accounts submitted
December 2011
davico industrial 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 11 charges/mortgages relating to davico industrial limited. Currently there are 0 open charges and 11 have been satisfied in the past.
davico industrial limited Companies House Filings - See Documents
| date | description | view/download |
|---|
