de facto 2348 limited

2.5

de facto 2348 limited Company Information

Share DE FACTO 2348 LIMITED
Live (In Liquidation)
MatureMegaDeclining

Company Number

01298292

Registered Address

1 more london place, london, SE1 2AF

Industry

Activities of head offices

 

Telephone

01293553121

Next Accounts Due

181 days late

Group Structure

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Directors

Louise Stewart8 Years

John Hunter7 Years

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Shareholders

jtc employer solutions trustee (guernsey) limited 6%

jane elizabeth goodliffe 5.4%

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de facto 2348 limited Estimated Valuation

£886.4m

Pomanda estimates the enterprise value of DE FACTO 2348 LIMITED at £886.4m based on a Turnover of £909.2m and 0.97x industry multiple (adjusted for size and gross margin).

de facto 2348 limited Estimated Valuation

£139.2m

Pomanda estimates the enterprise value of DE FACTO 2348 LIMITED at £139.2m based on an EBITDA of £24.9m and a 5.59x industry multiple (adjusted for size and gross margin).

de facto 2348 limited Estimated Valuation

£112m

Pomanda estimates the enterprise value of DE FACTO 2348 LIMITED at £112m based on Net Assets of £45.9m and 2.44x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2021 

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De Facto 2348 Limited Overview

De Facto 2348 Limited is a live company located in london, SE1 2AF with a Companies House number of 01298292. It operates in the activities of head offices sector, SIC Code 70100. Founded in February 1977, it's largest shareholder is jtc employer solutions trustee (guernsey) limited with a 6% stake. De Facto 2348 Limited is a mature, mega sized company, Pomanda has estimated its turnover at £909.2m with declining growth in recent years.

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De Facto 2348 Limited Health Check

Pomanda's financial health check has awarded De Facto 2348 Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

5 Strong

positive_score

0 Regular

positive_score

7 Weak

size

Size

annual sales of £909.2m, make it larger than the average company (£17.4m)

£909.2m - De Facto 2348 Limited

£17.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (0%)

-2% - De Facto 2348 Limited

0% - Industry AVG

production

Production

with a gross margin of 12.6%, this company has a higher cost of product (32.6%)

12.6% - De Facto 2348 Limited

32.6% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (5.1%)

0.2% - De Facto 2348 Limited

5.1% - Industry AVG

employees

Employees

with 60741 employees, this is above the industry average (118)

60741 - De Facto 2348 Limited

118 - Industry AVG

paystructure

Pay Structure

on an average salary of £9.9k, the company has a lower pay structure (£42.5k)

£9.9k - De Facto 2348 Limited

£42.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £15k, this is less efficient (£165.1k)

£15k - De Facto 2348 Limited

£165.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is earlier than average (48 days)

36 days - De Facto 2348 Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 18 days, this is quicker than average (46 days)

18 days - De Facto 2348 Limited

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (52 days)

1 days - De Facto 2348 Limited

52 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (17 weeks)

10 weeks - De Facto 2348 Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 85.4%, this is a higher level of debt than the average (58.9%)

85.4% - De Facto 2348 Limited

58.9% - Industry AVG

de facto 2348 limited 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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De Facto 2348 Limited Competitor Analysis

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Perform a competitor analysis for de facto 2348 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

de facto 2348 limited Ownership

DE FACTO 2348 LIMITED Shareholders

jtc employer solutions trustee (guernsey) limited 6%
jane elizabeth goodliffe 5.4%
nigel john fuller curry 3.41%
cynthia katharine goodliffe 2.26%
diana margaret howell & matthew gilbert howell & simon peter howell 2.22%
jennifer anne garton 2.01%
sebastian anthony power 2.01%
laura jayne goodliffe-hand 2%
nicholas george hunnard goodliffe 2%
allison jane goodliffe 1.94%

de facto 2348 limited directors

De Facto 2348 Limited currently has 7 directors. The longest serving directors include Ms Louise Stewart (Nov 2015) and Mr John Hunter (Sep 2016).

officercountryagestartendrole
Ms Louise Stewart63 years Nov 2015- Director
Mr John HunterUnited Kingdom58 years Sep 2016- Director
Mr Ian HemmingEngland60 years Jul 2017- Director
Mr Christopher StephensEngland75 years Sep 2017- Director
Mr John CoghlanEngland65 years Jan 2019- Director
Mr James DarntonEngland58 years Apr 2020- Director
Mr David Atkins58 years Mar 2021- Director

DE FACTO 2348 LIMITED financials

EXPORTms excel logo

De Facto 2348 Limited's latest turnover from December 2021 is £909.2 million and the company has net assets of £45.9 million. According to their latest financial statements, De Facto 2348 Limited has 60,741 employees and maintains cash reserves of £41.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover909,165,000922,317,000989,919,000961,213,000849,429,0001,008,964,000974,049,000926,096,000870,607,000826,783,000711,167,000689,410,000688,779,000
Other Income Or Grants10,617,00041,069,00000000000000
Cost Of Sales805,698,000841,923,000859,511,000828,539,000708,062,000851,228,000828,717,000795,851,000719,162,000685,169,000579,175,000558,734,000555,825,000
Gross Profit114,084,000121,463,000130,408,000132,674,000141,367,000157,736,000145,332,000130,245,000151,445,000141,614,000131,992,000130,676,000132,954,000
Admin Expenses112,016,000165,392,000125,299,000127,226,00090,317,000117,258,000169,385,000147,584,000137,617,000140,034,000120,371,000118,805,000118,437,000
Operating Profit2,068,000-43,929,0005,109,0005,448,00051,050,00040,478,000-24,053,000-17,339,00013,828,0001,580,00011,621,00011,871,00014,517,000
Interest Payable2,692,0002,552,0002,927,0003,953,0004,138,0006,054,0007,172,0006,390,0003,647,0002,920,0002,122,0002,313,00011,820,000
Interest Receivable242,000381,00054,000121,00044,000131,000365,000568,0002,384,0001,002,000976,000440,0007,347,000
Pre-Tax Profit1,940,000-44,550,0003,755,00013,139,00048,561,00035,119,000-35,341,000-29,901,00016,452,00010,094,00013,397,00011,073,00010,661,000
Tax2,402,000-3,456,000-6,231,000-6,642,000-6,277,000-6,495,000-6,284,000-1,900,000-6,092,000-1,970,000-3,899,000-5,431,000-4,174,000
Profit After Tax4,342,000-48,006,000-2,476,0006,497,00042,284,00028,624,000-41,625,000-31,801,00010,360,0008,124,0009,498,0005,642,0006,487,000
Dividends Paid002,725,0001,084,0001,080,0002,417,0003,338,0003,279,0003,140,0003,050,0002,984,0002,911,0002,963,000
Retained Profit4,250,000-48,110,000-5,242,0005,187,00041,086,00026,000,000-45,250,000-35,325,0007,006,0004,899,0006,346,0002,513,0003,297,000
Employee Costs601,904,000590,208,000640,713,000610,831,000538,548,000624,542,000589,534,000585,284,000587,179,000576,839,000507,594,000486,451,000474,508,000
Number Of Employees60,74164,35873,96975,63282,62383,14280,75775,73373,29470,89055,58556,05660,633
EBITDA*24,912,000-14,880,00033,853,00032,238,00068,923,00062,142,000-4,322,0008,284,00033,516,00022,194,00033,469,00037,420,00039,915,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets48,836,00055,672,00079,782,00073,710,00072,895,00084,533,00085,385,00089,703,00074,144,00072,502,00083,520,00084,854,00089,249,000
Intangible Assets54,265,00053,075,00078,312,00070,912,00082,673,000102,165,00086,011,000100,339,00065,687,00063,217,00053,535,00040,219,00033,008,000
Investments & Other6,456,0005,983,0005,305,0005,015,0005,533,0005,362,0006,056,0007,949,0009,986,0004,325,0004,555,0002,620,0001,764,000
Debtors (Due After 1 year)37,513,00028,606,00023,258,00022,199,00022,542,00019,991,00014,709,00019,010,00000000
Total Fixed Assets147,070,000143,336,000186,657,000171,836,000183,643,000212,051,000192,161,000217,001,000149,817,000140,044,000141,610,000127,693,000124,021,000
Stock & work in progress2,829,0003,576,0002,934,0003,111,0006,237,0009,714,0007,969,0007,130,0007,763,0006,537,0005,746,0005,688,0006,130,000
Trade Debtors90,463,00092,740,000107,174,000117,094,000108,449,000122,307,000119,885,000114,536,000129,528,000119,370,000108,626,00097,262,00090,544,000
Group Debtors55,00084,000509,000225,000242,000441,0002,885,00004,315,0002,846,0001,165,000207,00071,000
Misc Debtors33,551,00024,648,00042,569,00038,617,00039,825,00035,909,00035,021,00038,095,00035,926,00032,670,00020,319,00015,674,00015,911,000
Cash41,843,000102,026,00040,469,00033,737,000113,210,00024,928,00047,311,00052,081,00032,943,00036,204,00024,041,00048,217,00026,119,000
misc current assets2,889,0001,097,0001,106,0001,072,000010,485,00013,652,00016,636,0008,593,0005,625,00014,152,0003,864,0002,500,000
total current assets171,630,000224,171,000194,761,000193,856,000267,963,000203,784,000226,723,000228,478,000219,068,000203,252,000174,049,000170,912,000141,275,000
total assets318,700,000367,507,000381,418,000365,692,000451,606,000415,835,000418,884,000445,479,000368,885,000343,296,000315,659,000298,605,000265,296,000
Bank overdraft00003,156,0001,604,0001,708,0002,007,0001,390,0001,117,000104,000175,000135,000
Bank loan5,961,00013,056,00012,506,00012,991,000104,175,0004,992,0005,968,0005,703,0005,836,0005,975,0006,709,0006,171,0003,877,000
Trade Creditors 40,386,00043,118,00037,922,00041,978,00048,077,00050,189,00046,154,00050,591,00040,393,00031,194,00024,551,00016,203,00017,505,000
Group/Directors Accounts19,00078,00072,000177,00073,000649,00063,000169,000439,000108,000000
other short term finances5,321,0006,360,0005,443,0001,158,000682,000233,000367,000000000
hp & lease commitments551,000869,0001,306,0001,238,0001,944,0002,310,0002,766,0003,031,0002,822,0003,239,0002,308,0002,488,0003,492,000
other current liabilities154,037,000166,866,000142,575,000133,650,000128,160,000141,049,000148,415,000132,136,000103,863,000105,911,000100,852,000100,769,00083,430,000
total current liabilities206,275,000230,347,000199,824,000191,192,000286,267,000201,026,000205,441,000193,637,000154,743,000147,544,000134,524,000125,806,000108,439,000
loans3,972,000987,0009,014,0002,147,000975,00085,682,000114,797,00093,874,00059,736,00044,743,00038,094,00033,918,00022,211,000
hp & lease commitments390,000609,0001,039,0001,390,0002,670,0002,854,0004,009,0003,886,0004,066,0005,595,0002,160,0002,517,0003,567,000
Accruals and Deferred Income33,080,00047,276,00038,372,00036,000,00032,166,00031,274,00030,827,00026,331,00000000
other liabilities0000439,000750,00004,335,0001,448,0000000
provisions27,856,00039,553,00032,239,00020,352,00016,175,00018,342,00017,899,00021,826,00018,572,00011,904,00010,293,0004,005,0002,829,000
total long term liabilities66,016,00093,340,00089,590,00077,071,00079,685,000170,242,000201,165,000199,751,000117,404,00093,164,00082,597,00061,710,00058,810,000
total liabilities272,291,000323,687,000289,414,000268,263,000365,952,000371,268,000406,606,000393,388,000272,147,000240,708,000217,121,000187,516,000167,249,000
net assets45,915,00043,305,00091,455,00096,818,00084,487,00043,512,00011,179,00051,133,00096,007,000102,036,00097,973,000109,463,00096,741,000
total shareholders funds45,915,00043,305,00091,455,00096,818,00084,487,00043,512,00011,179,00051,133,00096,007,000102,036,00097,973,000109,463,00096,741,000
Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit2,068,000-43,929,0005,109,0005,448,00051,050,00040,478,000-24,053,000-17,339,00013,828,0001,580,00011,621,00011,871,00014,517,000
Depreciation12,568,00016,526,00016,452,00014,818,00017,339,00020,951,00019,624,00018,538,00014,427,00015,934,00018,783,00022,460,00022,941,000
Amortisation10,276,00012,523,00012,292,00011,972,000534,000713,000107,0007,085,0005,261,0004,680,0003,065,0003,089,0002,457,000
Tax2,402,000-3,456,000-6,231,000-6,642,000-6,277,000-6,495,000-6,284,000-1,900,000-6,092,000-1,970,000-3,899,000-5,431,000-4,174,000
Stock-747,000642,000-177,000-6,603,000-3,477,0001,745,000839,000-633,0001,226,000791,00058,000-442,0006,130,000
Debtors15,504,000-27,432,000-4,625,000-513,000-7,590,0006,148,000859,0001,872,00014,883,00024,776,00016,967,0006,617,000106,526,000
Creditors-2,732,0005,196,000-4,056,000-8,211,000-2,112,0004,035,000-4,437,00010,198,0009,199,0006,643,0008,348,000-1,302,00017,505,000
Accruals and Deferred Income-27,025,00033,195,00011,297,000-2,673,000-11,997,000-6,919,00020,775,00054,604,000-2,048,0005,059,00083,00017,339,00083,430,000
Deferred Taxes & Provisions-11,697,0007,314,00011,887,0002,010,000-2,167,000443,000-3,927,0003,254,0006,668,0001,611,0006,288,0001,176,0002,829,000
Cash flow from operations-28,897,00054,159,00051,552,00023,838,00057,437,00045,313,000107,00073,201,00025,134,0007,970,00027,264,00043,027,00026,849,000
Investing Activities
capital expenditure0009,230,00052,212,0003,620,000-33,513,000-30,692,000-11,187,000-2,678,000-16,056,000-11,068,000-12,029,000
Change in Investments473,000678,000290,000-347,000171,000-694,000-1,893,000-2,037,0005,661,000-230,0001,935,000856,0001,764,000
cash flow from investments-473,000-678,000-290,0009,577,00052,041,0004,314,000-31,620,000-28,655,000-16,848,000-2,448,000-17,991,000-11,924,000-13,793,000
Financing Activities
Bank loans-7,095,000550,000-485,0007,999,00099,183,000-976,000265,000-133,000-139,000-734,000538,0002,294,0003,877,000
Group/Directors Accounts-59,0006,000-105,000-472,000-576,000586,000-106,000-270,000331,000108,000000
Other Short Term Loans -1,039,000917,0004,285,000925,000449,000-134,000367,000000000
Long term loans2,985,000-8,027,0006,867,000-83,535,000-84,707,000-29,115,00020,923,00034,138,00014,993,0006,649,0004,176,00011,707,00022,211,000
Hire Purchase and Lease Commitments-537,000-867,000-283,000-2,536,000-550,000-1,611,000-142,00029,000-1,946,0004,366,000-537,000-2,054,0007,059,000
other long term liabilities000-750,000-311,000750,000-4,335,0002,887,0001,448,0000000
share issue-1,640,000-40,000-121,00048,119,000-111,0006,333,0005,296,000-9,549,000-13,035,000-836,000-17,836,00010,209,00093,444,000
interest-2,450,000-2,171,000-2,873,000-3,832,000-4,094,000-5,923,000-6,807,000-5,822,000-1,263,000-1,918,000-1,146,000-1,873,000-4,473,000
cash flow from financing-9,835,000-9,632,0007,285,000-34,082,0009,283,000-30,090,00015,461,00021,280,000389,0007,635,000-14,805,00020,283,000122,118,000
cash and cash equivalents
cash-60,183,00061,557,0006,732,0008,809,00088,282,000-22,383,000-4,770,00019,138,000-3,261,00012,163,000-24,176,00022,098,00026,119,000
overdraft000-1,604,0001,552,000-104,000-299,000617,000273,0001,013,000-71,00040,000135,000
change in cash-60,183,00061,557,0006,732,00010,413,00086,730,000-22,279,000-4,471,00018,521,000-3,534,00011,150,000-24,105,00022,058,00025,984,000

P&L

December 2021

turnover

909.2m

-1%

operating profit

2.1m

-105%

gross margin

12.6%

-4.72%

turnover

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

Balance Sheet

December 2021

net assets

45.9m

+0.06%

total assets

318.7m

-0.13%

cash

41.8m

-0.59%

net assets

Total assets minus all liabilities

de facto 2348 limited company details

company number

01298292

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

February 1977

age

47

accounts

Group

ultimate parent company

None

previous names

o.c.s. group limited (January 2023)

incorporated

UK

address

1 more london place, london, SE1 2AF

last accounts submitted

December 2021

de facto 2348 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 13 charges/mortgages relating to de facto 2348 limited. Currently there are 0 open charges and 13 have been satisfied in the past.

charges

de facto 2348 limited Companies House Filings - See Documents

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