drake international limited
drake international limited Company Information
Company Number
01156185
Website
www.drakeintl.co.ukRegistered Address
429-433 pinner road, harrow, middlesex, HA1 4HN
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
08001114558
Next Accounts Due
June 2025
Group Structure
View All
Directors
Susan Orchard0 Years
Shareholders
drake holdings limited 100%
drake international limited Estimated Valuation
Pomanda estimates the enterprise value of DRAKE INTERNATIONAL LIMITED at £677.4k based on a Turnover of £4.8m and 0.14x industry multiple (adjusted for size and gross margin).
drake international limited Estimated Valuation
Pomanda estimates the enterprise value of DRAKE INTERNATIONAL LIMITED at £0 based on an EBITDA of £-67.6k and a 2.52x industry multiple (adjusted for size and gross margin).
drake international limited Estimated Valuation
Pomanda estimates the enterprise value of DRAKE INTERNATIONAL LIMITED at £0 based on Net Assets of £-18.4m and 1.72x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Drake International Limited Overview
Drake International Limited is a live company located in middlesex, HA1 4HN with a Companies House number of 01156185. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in January 1974, it's largest shareholder is drake holdings limited with a 100% stake. Drake International Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with declining growth in recent years.
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Drake International Limited Health Check
Pomanda's financial health check has awarded Drake International Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
9 Weak
Size
annual sales of £4.8m, make it smaller than the average company (£6.9m)
£4.8m - Drake International Limited
£6.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (5.1%)
-22% - Drake International Limited
5.1% - Industry AVG
Production
with a gross margin of 13%, this company has a higher cost of product (25.2%)
13% - Drake International Limited
25.2% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (4.4%)
-1.6% - Drake International Limited
4.4% - Industry AVG
Employees
with 27 employees, this is below the industry average (35)
27 - Drake International Limited
35 - Industry AVG
Pay Structure
on an average salary of £66.1k, the company has a higher pay structure (£50.7k)
£66.1k - Drake International Limited
£50.7k - Industry AVG
Efficiency
resulting in sales per employee of £178.2k, this is equally as efficient (£170.5k)
£178.2k - Drake International Limited
£170.5k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (45 days)
32 days - Drake International Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (8 days)
2 days - Drake International Limited
8 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Drake International Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (14 weeks)
4 weeks - Drake International Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 448.7%, this is a higher level of debt than the average (66.7%)
448.7% - Drake International Limited
66.7% - Industry AVG
DRAKE INTERNATIONAL LIMITED financials
Drake International Limited's latest turnover from September 2023 is £4.8 million and the company has net assets of -£18.4 million. According to their latest financial statements, Drake International Limited has 27 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,811,639 | 7,662,166 | 8,635,081 | 10,304,727 | 13,939,758 | 11,879,042 | 13,912,124 | 15,945,079 | 21,110,910 | 27,741,471 | 26,751,573 | 26,462,512 | 27,659,796 | 25,578,019 | 23,046,697 |
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 4,186,969 | 6,481,736 | |||||||||||||
| Gross Profit | 624,670 | 1,180,430 | |||||||||||||
| Admin Expenses | 701,962 | 874,704 | |||||||||||||
| Operating Profit | -77,292 | 305,726 | 939,948 | 361,236 | 280,428 | -319,220 | -826,045 | -572,353 | -262,956 | 222,610 | -153,231 | -410,291 | -50,340 | 169,608 | -177,352 |
| Interest Payable | 36,749 | 12,084 | 12,749 | 95,121 | 266 | 17,242 | 7,303 | 7,025 | 39,899 | 19,483 | 0 | 0 | 1,333,760 | ||
| Interest Receivable | 29,966 | 3,174 | 141 | 1,050 | 0 | 0 | 140 | 0 | 399 | 0 | 369 | 234 | 114 | 23 | |
| Pre-Tax Profit | 1,856,863 | -3,383,799 | 1,695,309 | 1,031,432 | -702,229 | -765,302 | -463,994 | -2,862,706 | -1,230,991 | 281,483 | -151,552 | 520,296 | -182,815 | 80,689 | -1,511,089 |
| Tax | -11,003 | 52,417 | -118,435 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1,845,860 | -3,331,382 | 1,576,874 | 1,031,432 | -702,229 | -765,302 | -463,994 | -2,862,706 | -1,230,991 | 281,483 | -151,552 | 520,296 | -182,815 | 80,689 | -1,511,089 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,845,860 | -3,331,382 | 1,576,874 | 1,031,432 | -702,229 | -765,302 | -463,994 | -2,862,706 | -1,230,991 | 281,483 | -151,552 | 520,296 | -182,815 | 80,689 | -1,511,089 |
| Employee Costs | 1,784,837 | 3,521,785 | 4,381,432 | 5,721,546 | 7,859,022 | 8,980,770 | 11,938,803 | 13,209,346 | 18,850,583 | 24,514,583 | 25,254,582 | 25,684,746 | 26,130,316 | 23,820,313 | 21,705,316 |
| Number Of Employees | 27 | 140 | 253 | 390 | 419 | 495 | 647 | 681 | 1,041 | 1,115 | 1,271 | 1,327 | 1,318 | 1,227 | 1,137 |
| EBITDA* | -67,621 | 311,738 | 942,677 | 361,236 | 280,428 | -319,220 | -826,045 | -569,845 | -258,200 | 232,756 | -137,027 | -390,744 | -22,491 | 198,908 | -146,401 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 22,017 | 22,126 | 15,533 | 0 | 0 | 0 | 0 | 0 | 2,508 | 7,264 | 17,250 | 32,454 | 27,040 | 45,931 | 58,725 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 40,789 | 53,370 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 62,806 | 75,496 | 15,533 | 0 | 0 | 0 | 0 | 0 | 2,508 | 7,264 | 17,250 | 32,454 | 27,040 | 45,931 | 58,725 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,214 | 6,784 | 6,431 | 8,449 | 10,627 |
| Trade Debtors | 421,865 | 541,361 | 967,006 | 1,465,903 | 1,873,794 | 1,585,871 | 1,963,640 | 1,949,635 | 1,970,388 | 3,026,082 | 2,992,708 | 2,857,896 | 3,617,990 | 3,102,849 | 2,666,680 |
| Group Debtors | 2,060,565 | 2,070,206 | 1,737,260 | 1,714,331 | 0 | 1,598,933 | 1,348,493 | 1,387,469 | 1,400,966 | 951,863 | 966,181 | 877,700 | 757,409 | 477,681 | 941,554 |
| Misc Debtors | 783,241 | 506,766 | 630,006 | 126,406 | 0 | 219,185 | 371,955 | 159,117 | 129,796 | 286,501 | 356,279 | 252,757 | 273,000 | 249,012 | 254,034 |
| Cash | 1,958,521 | 2,330,034 | 1,687,173 | 1,232,158 | 971,910 | 784,273 | 469,485 | 517,922 | 1,317,167 | 986,455 | 900,119 | 838,050 | 475,507 | 578,204 | 275,806 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,224,192 | 5,448,367 | 5,021,445 | 4,538,798 | 4,988,813 | 4,188,262 | 4,153,573 | 4,014,143 | 4,818,317 | 5,250,901 | 5,222,501 | 4,833,187 | 5,130,337 | 4,416,195 | 4,148,701 |
| total assets | 5,286,998 | 5,523,863 | 5,036,978 | 4,538,798 | 4,988,813 | 4,188,262 | 4,153,573 | 4,014,143 | 4,820,825 | 5,258,165 | 5,239,751 | 4,865,641 | 5,157,377 | 4,462,126 | 4,207,426 |
| Bank overdraft | 0 | 0 | 0 | 0 | 57,547 | 410,290 | 578,931 | 481,198 | 2,495,461 | 2,482,544 | 2,527,703 | 2,268,379 | 2,030,963 | 1,539,574 | 1,541,361 |
| Bank loan | 0 | 0 | 32 | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,926 | 57,367 | 22,756 | 67,458 | 79,583 | 64,081 | 27,677 | 35,177 | 134,692 | 188,856 | 244,899 | 126,992 | 182,877 | 130,748 | 247,436 |
| Group/Directors Accounts | 1,954,519 | 2,106,833 | 1,612,127 | 2,608,765 | 0 | 2,364,939 | 2,089,214 | 1,258,429 | 921,946 | 14,352,847 | 14,593,314 | 14,411,989 | 15,186,568 | 14,906,558 | 15,054,806 |
| other short term finances | 21,204,508 | 23,108,697 | 19,415,998 | 19,326,097 | 23,015,965 | 18,897,065 | 18,468,225 | 18,889,441 | 14,749,891 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 528,399 | 529,602 | 934,272 | 1,062,152 | 0 | 1,306,796 | 1,079,133 | 975,511 | 1,281,742 | 1,765,834 | 1,687,234 | 1,720,128 | 1,888,112 | 1,858,548 | 1,415,840 |
| total current liabilities | 23,721,352 | 25,802,499 | 21,985,185 | 23,064,504 | 24,545,951 | 23,043,171 | 22,243,180 | 21,639,756 | 19,583,732 | 18,790,081 | 19,053,150 | 18,527,488 | 19,288,520 | 18,435,428 | 18,259,443 |
| loans | 0 | 0 | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,578 | 625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 91,000 | 66,026 | 68,000 |
| total long term liabilities | 0 | 1,578 | 625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 91,000 | 66,026 | 68,000 |
| total liabilities | 23,721,352 | 25,804,077 | 21,985,810 | 23,064,504 | 24,545,951 | 23,043,171 | 22,243,180 | 21,639,756 | 19,583,732 | 18,790,081 | 19,053,150 | 18,527,488 | 19,379,520 | 18,501,454 | 18,327,443 |
| net assets | -18,434,354 | -20,280,214 | -16,948,832 | -18,525,706 | -19,557,138 | -18,854,909 | -18,089,607 | -17,625,613 | -14,762,907 | -13,531,916 | -13,813,399 | -13,661,847 | -14,222,143 | -14,039,328 | -14,120,017 |
| total shareholders funds | -18,434,354 | -20,280,214 | -16,948,832 | -18,525,706 | -19,557,138 | -18,854,909 | -18,089,607 | -17,625,613 | -14,762,907 | -13,531,916 | -13,813,399 | -13,661,847 | -14,222,143 | -14,039,328 | -14,120,017 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -77,292 | 305,726 | 939,948 | 361,236 | 280,428 | -319,220 | -826,045 | -572,353 | -262,956 | 222,610 | -153,231 | -410,291 | -50,340 | 169,608 | -177,352 |
| Depreciation | 9,671 | 6,012 | 2,729 | 0 | 0 | 0 | 0 | 2,508 | 4,756 | 10,146 | 16,204 | 19,547 | 27,849 | 29,300 | 30,951 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -11,003 | 52,417 | -118,435 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,214 | 430 | 353 | -2,018 | -2,178 | 10,627 |
| Debtors | 134,757 | -162,569 | 27,632 | 1,432,846 | -1,530,195 | -280,099 | 187,867 | -4,929 | -763,296 | -50,722 | 326,815 | -660,046 | 818,857 | -32,726 | 3,862,268 |
| Creditors | -23,441 | 34,611 | -44,702 | -12,125 | 15,502 | 36,404 | -7,500 | -99,515 | -54,164 | -56,043 | 117,907 | -55,885 | 52,129 | -116,688 | 247,436 |
| Accruals and Deferred Income | -1,203 | -404,670 | -127,880 | 1,062,152 | -1,306,796 | 227,663 | 103,622 | -306,231 | -484,092 | 78,600 | -32,894 | -167,984 | 29,564 | 442,708 | 1,415,840 |
| Deferred Taxes & Provisions | -1,578 | 953 | 625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -91,000 | 24,974 | -1,974 | 68,000 |
| Cash flow from operations | -239,603 | 157,618 | 624,653 | -21,583 | 224,946 | -917,790 | -970,662 | -33,160 | 313,249 | -379,259 | -45,920 | -732,663 | 557,858 | -2,288,020 | |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | -24,961 | -8,958 | -16,506 | -27,895 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | -24,961 | -8,958 | -16,506 | -27,895 | |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | -32 | 0 | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -152,314 | 494,706 | -996,638 | 2,608,765 | -2,364,939 | 275,725 | 830,785 | 336,483 | -13,430,901 | -240,467 | 181,325 | -774,579 | 280,010 | -148,248 | 15,054,806 |
| Other Short Term Loans | -1,904,189 | 3,692,699 | 89,901 | -3,689,868 | 4,118,900 | 428,840 | -421,216 | 4,139,550 | 14,749,891 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -6,783 | -8,910 | -12,608 | -94,071 | -17,242 | -7,303 | -6,885 | -39,899 | -19,084 | 0 | 114 | -1,333,737 | |||
| cash flow from financing | -2,063,286 | 4,178,463 | -919,345 | -1,175,142 | 687,323 | 402,266 | 4,469,148 | 1,279,091 | -259,551 | 181,325 | -148,134 | 1,112,141 | |||
| cash and cash equivalents | |||||||||||||||
| cash | -371,513 | 642,861 | 455,015 | 260,248 | 187,637 | 314,788 | -48,437 | -799,245 | 330,712 | 86,336 | 62,069 | 362,543 | -102,697 | 302,398 | 275,806 |
| overdraft | 0 | 0 | 0 | -57,547 | -352,743 | -168,641 | 97,733 | -2,014,263 | 12,917 | -45,159 | 259,324 | 237,416 | 491,389 | -1,787 | 1,541,361 |
| change in cash | -371,513 | 642,861 | 455,015 | 317,795 | 540,380 | 483,429 | -146,170 | 1,215,018 | 317,795 | 131,495 | -197,255 | 125,127 | -594,086 | 304,185 | -1,265,555 |
drake international limited Credit Report and Business Information
Drake International Limited Competitor Analysis
Perform a competitor analysis for drake international limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in HA1 area or any other competitors across 12 key performance metrics.
drake international limited Ownership
DRAKE INTERNATIONAL LIMITED group structure
Drake International Limited has 6 subsidiary companies.
Ultimate parent company
DRAKE INTERNATIONAL LIMITED
01156185
6 subsidiaries
drake international limited directors
Drake International Limited currently has 1 director, Miss Susan Orchard serving since Jun 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Susan Orchard | 68 years | Jun 2024 | - | Director |
P&L
September 2023turnover
4.8m
-37%
operating profit
-77.3k
-125%
gross margin
13%
-15.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-18.4m
-0.09%
total assets
5.3m
-0.04%
cash
2m
-0.16%
net assets
Total assets minus all liabilities
drake international limited company details
company number
01156185
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
January 1974
age
50
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
dexon systems international limited (May 1986)
brinx security system limited (December 1978)
accountant
-
auditor
RSM UK AUDIT LLP
address
429-433 pinner road, harrow, middlesex, HA1 4HN
Bank
-
Legal Advisor
-
drake international 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 1 charges/mortgages relating to drake international limited. Currently there are 1 open charges and 0 have been satisfied in the past.
drake international limited Companies House Filings - See Documents
| date | description | view/download |
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