david tannen services limited
david tannen services limited Company Information
Company Number
01497709
Next Accounts
1 days late
Shareholders
tannen group ltd
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
sutherland house third floor, 70/78 west hendon broadway, london, NW9 7BT
Website
http://mardan.co.ukdavid tannen services limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID TANNEN SERVICES LIMITED at £16.2m based on a Turnover of £4m and 4.06x industry multiple (adjusted for size and gross margin).
david tannen services limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID TANNEN SERVICES LIMITED at £0 based on an EBITDA of £-1m and a 8.7x industry multiple (adjusted for size and gross margin).
david tannen services limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID TANNEN SERVICES LIMITED at £0 based on Net Assets of £-6.6m and 1.58x industry multiple (adjusted for liquidity).
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David Tannen Services Limited Overview
David Tannen Services Limited is a live company located in london, NW9 7BT with a Companies House number of 01497709. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 1980, it's largest shareholder is tannen group ltd with a 100% stake. David Tannen Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with low growth in recent years.
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David Tannen Services Limited Health Check
Pomanda's financial health check has awarded David Tannen Services Limited a 3.5 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
5 Strong
1 Regular
3 Weak
Size
annual sales of £4m, make it larger than the average company (£824.8k)
£4m - David Tannen Services Limited
£824.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (2.4%)
4% - David Tannen Services Limited
2.4% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (71.1%)
100% - David Tannen Services Limited
71.1% - Industry AVG
Profitability
an operating margin of -27% make it less profitable than the average company (29%)
-27% - David Tannen Services Limited
29% - Industry AVG
Employees
with 14 employees, this is above the industry average (4)
14 - David Tannen Services Limited
4 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)
- David Tannen Services Limited
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £285.7k, this is more efficient (£181.9k)
£285.7k - David Tannen Services Limited
£181.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - David Tannen Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - David Tannen Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - David Tannen Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - David Tannen Services Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 284.8%, this is a higher level of debt than the average (63.1%)
284.8% - David Tannen Services Limited
63.1% - Industry AVG
DAVID TANNEN SERVICES LIMITED financials
David Tannen Services Limited's latest turnover from June 2023 is £4 million and the company has net assets of -£6.6 million. According to their latest financial statements, David Tannen Services Limited has 14 employees and maintains cash reserves of £1 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,000,000 | 4,000,000 | 3,600,000 | 3,600,000 | 3,600,000 | 3,400,000 | 3,000,000 | 3,000,000 | 2,800,000 | 2,450,000 | 2,404,000 | 2,867,200 | 2,515,000 | 4,322,375 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | 4,000,000 | 4,000,000 | 3,600,000 | 3,600,000 | 3,600,000 | 3,400,000 | 3,000,000 | 3,000,000 | 2,800,000 | |||||
| Admin Expenses | 5,080,191 | 6,782,022 | 3,876,699 | 4,941,480 | 3,695,154 | 3,557,661 | 3,328,551 | 2,941,646 | 2,766,887 | |||||
| Operating Profit | -1,080,191 | -2,782,022 | -276,699 | -1,341,480 | -95,154 | -157,661 | -328,551 | 58,354 | 33,113 | -26,302 | -36,548 | |||
| Interest Payable | 158,621 | 22,134 | 121 | 12,770 | 23,316 | 24,052 | 3,384 | 2,661 | 985 | 20,325 | ||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -1,238,812 | -2,804,156 | -276,820 | -1,354,250 | -118,470 | -181,713 | -331,935 | 55,693 | 32,128 | -46,627 | -36,548 | 600,855 | 6,751 | 10,563 |
| Tax | ||||||||||||||
| Profit After Tax | -1,238,812 | -2,804,156 | -276,820 | -1,354,250 | -118,470 | -181,713 | -331,935 | 55,693 | 32,128 | -46,627 | -36,548 | 600,855 | 6,751 | 10,563 |
| Dividends Paid | ||||||||||||||
| Retained Profit | -1,238,812 | -2,804,156 | -276,820 | -1,354,250 | -118,470 | -181,713 | -331,935 | 55,693 | 32,128 | -46,627 | -36,548 | 600,855 | 6,751 | 10,563 |
| Employee Costs | 2,237,727 | 2,052,001 | 1,744,123 | 1,712,637 | 1,697,487 | 1,603,526 | 3,414,150 | |||||||
| Number Of Employees | 14 | 14 | 14 | 17 | 17 | 17 | 17 | 14 | 14 | 14 | 14 | 12 | 12 | 15 |
| EBITDA* | -1,007,697 | -2,766,785 | -259,160 | -1,323,941 | -71,866 | -157,661 | -328,551 | 58,354 | 33,113 | -26,302 | -36,548 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 217,481 | 45,711 | 52,615 | 70,154 | 87,693 | 57,500 | 34,149 | |||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 217,481 | 45,711 | 52,615 | 70,154 | 87,693 | 57,500 | 34,149 | |||||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | ||||||||||||||
| Group Debtors | 90,000 | 850,000 | 1,084,000 | 464,000 | 834,000 | 814,000 | 1,229,527 | 1,178,667 | 886,646 | 1,881,745 | 3,166,140 | 2,361,928 | 2,083,183 | 1,346,509 |
| Misc Debtors | 3,281,944 | 3,041,953 | 2,784,589 | 2,395,471 | 3,444,586 | 3,100,065 | 2,837,969 | 2,529,207 | 2,285,204 | 2,098,464 | 2,178,812 | 2,579,161 | 2,247,557 | 4,255,951 |
| Cash | 1 | 50,789 | 83,543 | 110,589 | 10,045 | 10,045 | 10,000 | 25,927 | 1,000 | 843 | 1,350 | 2,129 | 202,456 | |
| misc current assets | ||||||||||||||
| total current assets | 3,371,945 | 3,942,742 | 3,952,132 | 2,970,060 | 4,288,631 | 3,924,110 | 4,077,496 | 3,733,801 | 3,172,850 | 3,980,209 | 5,345,795 | 4,942,439 | 4,332,869 | 5,804,916 |
| total assets | 3,589,426 | 3,988,453 | 4,004,747 | 3,040,214 | 4,376,324 | 3,981,610 | 4,077,496 | 3,733,801 | 3,172,850 | 3,980,209 | 5,345,795 | 4,942,439 | 4,332,869 | 5,839,065 |
| Bank overdraft | 7,053 | 1,568,231 | 1,120,639 | 1,077,304 | 1,295,554 | 788,610 | 14,273 | 1,066,676 | 978,601 | 23,347 | ||||
| Bank loan | ||||||||||||||
| Trade Creditors | ||||||||||||||
| Group/Directors Accounts | 7,364,147 | 6,824,907 | 5,583,303 | 4,052,216 | 2,824,611 | 2,731,497 | 2,851,324 | 2,207,109 | 2,194,835 | 3,550,013 | 3,052,144 | 2,633,781 | 4,225,720 | 5,388,578 |
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 2,852,270 | 2,558,778 | 1,012,520 | 1,302,254 | 943,488 | 971,010 | 808,691 | 559,026 | 572,986 | 831,632 | 1,596,057 | 1,662,591 | 1,017,191 | 1,390,627 |
| total current liabilities | 10,223,470 | 9,383,685 | 6,595,823 | 5,354,470 | 5,336,330 | 4,823,146 | 4,737,319 | 4,061,689 | 3,556,431 | 4,395,918 | 5,714,877 | 5,274,973 | 5,266,258 | 6,779,205 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | ||||||||||||||
| total liabilities | 10,223,470 | 9,383,685 | 6,595,823 | 5,354,470 | 5,336,330 | 4,823,146 | 4,737,319 | 4,061,689 | 3,556,431 | 4,395,918 | 5,714,877 | 5,274,973 | 5,266,258 | 6,779,205 |
| net assets | -6,634,044 | -5,395,232 | -2,591,076 | -2,314,256 | -960,006 | -841,536 | -659,823 | -327,888 | -383,581 | -415,709 | -369,082 | -332,534 | -933,389 | -940,140 |
| total shareholders funds | -6,634,044 | -5,395,232 | -2,591,076 | -2,314,256 | -960,006 | -841,536 | -659,823 | -327,888 | -383,581 | -415,709 | -369,082 | -332,534 | -933,389 | -940,140 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,080,191 | -2,782,022 | -276,699 | -1,341,480 | -95,154 | -157,661 | -328,551 | 58,354 | 33,113 | -26,302 | -36,548 | |||
| Depreciation | 72,494 | 15,237 | 17,539 | 17,539 | 23,288 | 34,148 | 10,864 | |||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | -520,009 | 23,364 | 1,009,118 | -1,419,115 | 364,521 | -153,431 | 359,622 | 536,024 | -808,359 | -1,364,743 | 403,863 | 610,349 | -1,271,720 | 5,602,460 |
| Creditors | ||||||||||||||
| Accruals and Deferred Income | 293,492 | 1,546,258 | -289,734 | 358,766 | -27,522 | 162,319 | 249,665 | -13,960 | -258,646 | -764,425 | -66,534 | 645,400 | -373,436 | 1,390,627 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | -194,196 | -1,243,891 | -1,558,012 | 453,940 | -463,909 | 158,089 | -438,508 | -491,630 | 582,826 | 574,016 | -506,945 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 539,240 | 1,241,604 | 1,531,087 | 1,227,605 | 93,114 | -119,827 | 644,215 | 12,274 | -1,355,178 | 497,869 | 418,363 | -1,591,939 | -1,162,858 | 5,388,578 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -158,621 | -22,134 | -121 | -12,770 | -23,316 | -24,052 | -3,384 | -2,661 | -985 | -20,325 | ||||
| cash flow from financing | 380,619 | 1,219,470 | 1,530,966 | 1,214,835 | 69,798 | -143,879 | 640,831 | 9,613 | -1,356,163 | 477,544 | 418,363 | -1,591,939 | -1,162,858 | 4,437,875 |
| cash and cash equivalents | ||||||||||||||
| cash | -50,788 | -32,754 | -27,046 | 100,544 | 45 | -15,927 | 24,927 | 1,000 | -843 | -507 | -779 | -200,327 | 202,456 | |
| overdraft | 7,053 | -1,568,231 | 447,592 | 43,335 | -218,250 | 506,944 | 774,337 | -1,052,403 | 88,075 | 955,254 | 23,347 | |||
| change in cash | -57,841 | -32,754 | -27,046 | 1,668,775 | -447,592 | -43,290 | 202,323 | -482,017 | -773,337 | 1,051,560 | -88,582 | -956,033 | -223,674 | 202,456 |
david tannen services limited Credit Report and Business Information
David Tannen Services Limited Competitor Analysis
Perform a competitor analysis for david tannen services limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in NW9 area or any other competitors across 12 key performance metrics.
david tannen services limited Ownership
DAVID TANNEN SERVICES LIMITED group structure
David Tannen Services Limited has no subsidiary companies.
Ultimate parent company
1 parent
DAVID TANNEN SERVICES LIMITED
01497709
david tannen services limited directors
David Tannen Services Limited currently has 4 directors. The longest serving directors include Mr David Tannen (Dec 1991) and Mr Martin Tannen (Dec 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Tannen | 95 years | Dec 1991 | - | Director | |
| Mr Martin Tannen | England | 69 years | Dec 1991 | - | Director |
| Mr Daniel Tannen | England | 67 years | Dec 1991 | - | Director |
| Mr Jonathan Miller | 61 years | Mar 2018 | - | Director |
P&L
June 2023turnover
4m
0%
operating profit
-1.1m
-61%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-6.6m
+0.23%
total assets
3.6m
-0.1%
cash
1
-1%
net assets
Total assets minus all liabilities
david tannen services limited company details
company number
01497709
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
May 1980
age
45
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
sutherland house third floor, 70/78 west hendon broadway, london, NW9 7BT
Bank
BARCLAYS BANK PLC
Legal Advisor
-
david tannen services 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 did not find charges/mortgages relating to david tannen services limited.
david tannen services 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.
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david tannen services limited Companies House Filings - See Documents
| date | description | view/download |
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