davern work-wear limited
davern work-wear limited Company Information
Company Number
01169383
Next Accounts
Dec 2024
Industry
Wholesale of clothing and footwear
Shareholders
safety care limited
Group Structure
View All
Contact
Registered Address
unit 11 bryn complex bryn lane, wrexham industrial estate, wrexham, LL13 9UT
Website
www.davern.co.ukdavern work-wear limited Estimated Valuation
Pomanda estimates the enterprise value of DAVERN WORK-WEAR LIMITED at £64.8k based on a Turnover of £192.3k and 0.34x industry multiple (adjusted for size and gross margin).
davern work-wear limited Estimated Valuation
Pomanda estimates the enterprise value of DAVERN WORK-WEAR LIMITED at £0 based on an EBITDA of £-55.5k and a 3.19x industry multiple (adjusted for size and gross margin).
davern work-wear limited Estimated Valuation
Pomanda estimates the enterprise value of DAVERN WORK-WEAR LIMITED at £0 based on Net Assets of £-378.1k and 2.18x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Davern Work-wear Limited Overview
Davern Work-wear Limited is a live company located in wrexham, LL13 9UT with a Companies House number of 01169383. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in May 1974, it's largest shareholder is safety care limited with a 100% stake. Davern Work-wear Limited is a mature, micro sized company, Pomanda has estimated its turnover at £192.3k with declining growth in recent years.
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Davern Work-wear Limited Health Check
Pomanda's financial health check has awarded Davern Work-Wear Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £192.3k, make it smaller than the average company (£15.8m)
£192.3k - Davern Work-wear Limited
£15.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -60%, show it is growing at a slower rate (3.7%)
- Davern Work-wear Limited
3.7% - Industry AVG
Production
with a gross margin of 20.7%, this company has a higher cost of product (30.3%)
20.7% - Davern Work-wear Limited
30.3% - Industry AVG
Profitability
an operating margin of -32.3% make it less profitable than the average company (4.1%)
-32.3% - Davern Work-wear Limited
4.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (46)
4 - Davern Work-wear Limited
46 - Industry AVG
Pay Structure
on an average salary of £37.1k, the company has an equivalent pay structure (£37.1k)
- Davern Work-wear Limited
£37.1k - Industry AVG
Efficiency
resulting in sales per employee of £48.1k, this is less efficient (£332.3k)
£48.1k - Davern Work-wear Limited
£332.3k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (44 days)
3 days - Davern Work-wear Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (39 days)
43 days - Davern Work-wear Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 316 days, this is more than average (128 days)
316 days - Davern Work-wear Limited
128 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Davern Work-wear Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 382.3%, this is a higher level of debt than the average (59.3%)
382.3% - Davern Work-wear Limited
59.3% - Industry AVG
DAVERN WORK-WEAR LIMITED financials
Davern Work-Wear Limited's latest turnover from March 2023 is £192.3 thousand and the company has net assets of -£378.1 thousand. According to their latest financial statements, Davern Work-Wear Limited has 4 employees and maintains cash reserves of 0 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 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 192,313 | 1,297,633 | 1,867,652 | 2,734,592 | 4,355,874 | 3,969,314 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 152,452 | 971,935 | 1,411,524 | 2,115,072 | 3,469,788 | |||||||||
| Gross Profit | 39,861 | 325,698 | 456,128 | 619,520 | 886,086 | |||||||||
| Admin Expenses | 101,903 | 377,629 | 488,959 | 662,209 | 890,302 | |||||||||
| Operating Profit | -62,042 | -51,931 | -32,831 | -42,689 | -4,216 | 223,167 | ||||||||
| Interest Payable | 3,952 | 5,728 | 8,552 | 12,434 | 15,159 | 99,451 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -65,994 | -57,659 | -41,383 | -55,123 | -19,375 | 123,716 | ||||||||
| Tax | 0 | 0 | 0 | 6,185 | 4,052 | 0 | ||||||||
| Profit After Tax | -65,994 | -57,659 | -41,383 | -48,938 | -15,323 | 123,716 | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 92,316 | ||||||||
| Retained Profit | -65,994 | -57,659 | -41,383 | -48,938 | -15,323 | 31,400 | ||||||||
| Employee Costs | 864,586 | |||||||||||||
| Number Of Employees | 4 | 13 | 17 | 26 | 25 | 25 | 25 | 25 | 47 | |||||
| EBITDA* | -55,549 | -48,965 | -23,070 | -14,039 | 28,850 | 316,156 |
* 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 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 6,493 | 16,355 | 50,679 | 69,889 | 102,647 | 80,387 | 79,721 | 108,371 | 93,310 | 132,952 | 684,536 | 839,660 | 885,995 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,221 | 19,557 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 106,541 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 6,493 | 16,355 | 50,679 | 69,889 | 102,647 | 80,387 | 79,721 | 108,371 | 93,310 | 132,952 | 684,536 | 859,881 | 1,012,093 |
| Stock & work in progress | 132,171 | 30,457 | 124,825 | 187,246 | 230,786 | 219,955 | 195,602 | 190,397 | 125,961 | 929,294 | 891,215 | 1,218,132 | 1,211,754 | 2,785,533 |
| Trade Debtors | 1,770 | 186,344 | 290,551 | 372,486 | 520,683 | 491,779 | 531,774 | 508,352 | 675,039 | 478,958 | 604,035 | 743,959 | 869,503 | 743,463 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58,773 |
| Misc Debtors | 0 | 0 | 1,810 | 6,020 | 21,650 | 33,125 | 26,814 | 19,884 | 24,534 | 0 | 0 | 0 | 0 | 27,123 |
| Cash | 0 | 284 | 243 | 191 | 347 | 318 | 494 | 469 | 521 | 851 | 487 | 488 | 1,290 | 1,537 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 133,941 | 217,085 | 417,429 | 565,943 | 773,466 | 745,177 | 754,684 | 719,102 | 826,055 | 1,409,103 | 1,495,737 | 1,962,579 | 2,082,547 | 3,616,429 |
| total assets | 133,941 | 223,578 | 433,784 | 616,622 | 843,355 | 847,824 | 835,071 | 798,823 | 934,426 | 1,502,413 | 1,628,689 | 2,647,115 | 2,942,428 | 4,628,522 |
| Bank overdraft | 0 | 135,474 | 131,816 | 166,605 | 168,842 | 170,691 | 169,486 | 186,730 | 96,804 | 0 | 0 | 0 | 0 | 614,913 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,724 |
| Trade Creditors | 18,040 | 193,269 | 130,837 | 148,196 | 203,227 | 191,611 | 344,595 | 335,434 | 309,102 | 1,241,951 | 1,182,023 | 2,298,221 | 2,450,778 | 1,198,287 |
| Group/Directors Accounts | 460,074 | 142,939 | 108,226 | 147,617 | 137,068 | 209,940 | 31,682 | 151,005 | 150,380 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 14,689 | 217,314 | 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 | 16,121 |
| other current liabilities | 33,923 | 49,309 | 100,034 | 367,264 | 502,936 | 469,799 | 505,053 | 429,453 | 633,001 | 0 | 0 | 0 | 0 | 418,198 |
| total current liabilities | 512,037 | 535,680 | 688,227 | 829,682 | 1,012,073 | 1,042,041 | 1,050,816 | 1,102,622 | 1,189,287 | 1,241,951 | 1,182,023 | 2,298,221 | 2,450,778 | 2,254,243 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,439 | 5,603 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,082 |
| Accruals and Deferred Income | 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 | 500,000 | 506,040 | 344,948 | 572,182 | 722,600 |
| provisions | 0 | 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 | 500,000 | 506,040 | 344,948 | 577,621 | 771,285 |
| total liabilities | 512,037 | 535,680 | 688,227 | 829,682 | 1,012,073 | 1,042,041 | 1,050,816 | 1,102,622 | 1,189,287 | 1,741,951 | 1,688,063 | 2,643,169 | 3,028,399 | 3,025,528 |
| net assets | -378,096 | -312,102 | -254,443 | -213,060 | -168,718 | -194,217 | -215,745 | -303,799 | -254,861 | -239,538 | -59,374 | 3,946 | -85,971 | 1,602,994 |
| total shareholders funds | -378,096 | -312,102 | -254,443 | -213,060 | -168,718 | -194,217 | -215,745 | -303,799 | -254,861 | -239,538 | -59,374 | 3,946 | -85,971 | 1,602,994 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -62,042 | -51,931 | -32,831 | -42,689 | -4,216 | 223,167 | ||||||||
| Depreciation | 6,493 | 2,966 | 9,761 | 19,210 | 32,758 | 26,711 | 23,284 | 28,650 | 33,066 | 38,016 | 51,584 | 76,761 | 46,033 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,613 | 46,956 | |
| Tax | 0 | 0 | 0 | 6,185 | 4,052 | 0 | ||||||||
| Stock | 101,714 | -94,368 | -62,421 | -43,540 | 10,831 | 24,353 | 5,205 | 64,436 | -803,333 | 38,079 | -326,917 | 6,378 | -1,573,779 | 2,785,533 |
| Debtors | -184,574 | -106,017 | -86,145 | -163,827 | 17,429 | -33,684 | 30,352 | -171,337 | 220,615 | -125,077 | -139,924 | -125,544 | 40,144 | 829,359 |
| Creditors | -175,229 | 62,432 | -17,359 | -55,031 | 11,616 | -152,984 | 9,161 | 26,332 | -932,849 | 59,928 | -1,116,198 | -152,557 | 1,252,491 | 1,198,287 |
| Accruals and Deferred Income | -15,386 | -50,725 | -267,230 | -135,672 | 33,137 | -35,254 | 75,600 | -203,548 | 633,001 | 0 | 0 | 0 | -418,198 | 418,198 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -163,304 | 163,127 | -159,093 | -78,169 | 315,772 | -1,682,251 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | -52,502 | -86,122 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -106,541 | 106,541 |
| cash flow from investments | 0 | -52,502 | -192,663 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,724 | 6,724 |
| Group/Directors Accounts | 317,135 | 34,713 | -39,391 | 10,549 | -72,872 | 178,258 | -119,323 | 625 | 150,380 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -14,689 | -202,625 | 217,314 | 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 | -5,439 | -164 | 5,603 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -59,203 | 59,203 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500,000 | -6,040 | 161,092 | -227,234 | -150,418 | 722,600 |
| share issue | ||||||||||||||
| interest | -3,952 | -5,728 | -8,552 | -12,434 | -15,159 | -99,451 | ||||||||
| cash flow from financing | 298,494 | -173,640 | 169,371 | -11,809 | -364,779 | 2,266,273 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -284 | 41 | 52 | -156 | 29 | -176 | 25 | -52 | -330 | 364 | -1 | -802 | -247 | 1,537 |
| overdraft | -135,474 | 3,658 | -34,789 | -2,237 | -1,849 | 1,205 | -17,244 | 89,926 | 96,804 | 0 | 0 | 0 | -614,913 | 614,913 |
| change in cash | 135,190 | -3,617 | 34,841 | 2,081 | 1,878 | -1,381 | 17,269 | -89,978 | -97,134 | 364 | -1 | -802 | 614,666 | -613,376 |
davern work-wear limited Credit Report and Business Information
Davern Work-wear Limited Competitor Analysis
Perform a competitor analysis for davern work-wear limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in LL13 area or any other competitors across 12 key performance metrics.
davern work-wear limited Ownership
DAVERN WORK-WEAR LIMITED group structure
Davern Work-Wear Limited has no subsidiary companies.
Ultimate parent company
LALAN RUBBERS (PVT) LTD
#0022642
2 parents
DAVERN WORK-WEAR LIMITED
01169383
davern work-wear limited directors
Davern Work-Wear Limited currently has 4 directors. The longest serving directors include Mr Ahangama Jayatilleke (Apr 2012) and Mr Michael Peck (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ahangama Jayatilleke | 62 years | Apr 2012 | - | Director | |
| Mr Michael Peck | United Kingdom | 57 years | Feb 2023 | - | Director |
| Mr Matthew Cox | Wales | 50 years | Feb 2023 | - | Director |
| Lalith Hapangama | England | 66 years | Mar 2023 | - | Director |
P&L
March 2023turnover
192.3k
-85%
operating profit
-62k
+19%
gross margin
20.8%
-17.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-378.1k
+0.21%
total assets
133.9k
-0.4%
cash
0
-1%
net assets
Total assets minus all liabilities
davern work-wear limited company details
company number
01169383
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
incorporation date
May 1974
age
50
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
CROWE UK LLP
address
unit 11 bryn complex bryn lane, wrexham industrial estate, wrexham, LL13 9UT
Bank
-
Legal Advisor
-
davern work-wear 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 22 charges/mortgages relating to davern work-wear limited. Currently there are 2 open charges and 20 have been satisfied in the past.
davern work-wear 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.
Click to start generating capital raising & share issue transactions for DAVERN WORK-WEAR LIMITED. This can take several minutes, an email will notify you when this has completed.
davern work-wear limited Companies House Filings - See Documents
| date | description | view/download |
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