david bailey furniture systems limited
david bailey furniture systems limited Company Information
Company Number
01665150
Next Accounts
May 2025
Shareholders
dbf holdings limited
trevor gillman
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
12 lysander close, pysons road industrial estate, broadstairs, kent, CT10 2YJ
david bailey furniture systems limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID BAILEY FURNITURE SYSTEMS LIMITED at £2.3m based on a Turnover of £4m and 0.58x industry multiple (adjusted for size and gross margin).
david bailey furniture systems limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID BAILEY FURNITURE SYSTEMS LIMITED at £860k based on an EBITDA of £225.4k and a 3.81x industry multiple (adjusted for size and gross margin).
david bailey furniture systems limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID BAILEY FURNITURE SYSTEMS LIMITED at £2.2m based on Net Assets of £1.1m and 1.96x industry multiple (adjusted for liquidity).
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David Bailey Furniture Systems Limited Overview
David Bailey Furniture Systems Limited is a live company located in broadstairs, CT10 2YJ with a Companies House number of 01665150. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in September 1982, it's largest shareholder is dbf holdings limited with a 86.1% stake. David Bailey Furniture Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with healthy growth in recent years.
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David Bailey Furniture Systems Limited Health Check
Pomanda's financial health check has awarded David Bailey Furniture Systems Limited a 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
4 Regular
3 Weak
Size
annual sales of £4m, make it larger than the average company (£900.9k)
£4m - David Bailey Furniture Systems Limited
£900.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.2%)
8% - David Bailey Furniture Systems Limited
6.2% - Industry AVG
Production
with a gross margin of 24.4%, this company has a higher cost of product (41.3%)
24.4% - David Bailey Furniture Systems Limited
41.3% - Industry AVG
Profitability
an operating margin of 3.4% make it less profitable than the average company (6.4%)
3.4% - David Bailey Furniture Systems Limited
6.4% - Industry AVG
Employees
with 38 employees, this is above the industry average (14)
38 - David Bailey Furniture Systems Limited
14 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
- David Bailey Furniture Systems Limited
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £104.5k, this is more efficient (£87.4k)
£104.5k - David Bailey Furniture Systems Limited
£87.4k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (29 days)
50 days - David Bailey Furniture Systems Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is close to average (39 days)
37 days - David Bailey Furniture Systems Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is in line with average (37 days)
44 days - David Bailey Furniture Systems Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is average cash available to meet short term requirements (46 weeks)
47 weeks - David Bailey Furniture Systems Limited
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.6%, this is a lower level of debt than the average (44.8%)
38.6% - David Bailey Furniture Systems Limited
44.8% - Industry AVG
DAVID BAILEY FURNITURE SYSTEMS LIMITED financials
David Bailey Furniture Systems Limited's latest turnover from August 2023 is £4 million and the company has net assets of £1.1 million. According to their latest financial statements, David Bailey Furniture Systems Limited has 38 employees and maintains cash reserves of £489.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,970,464 | 3,674,530 | 4,050,066 | 3,155,989 | 2,292,988 | 2,488,480 | |||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,001,984 | 2,719,018 | 2,869,834 | 2,302,929 | 1,742,003 | 2,021,744 | |||||||||
| Gross Profit | 968,480 | 955,512 | 1,180,232 | 853,060 | 550,985 | 466,736 | |||||||||
| Admin Expenses | 831,980 | 820,257 | 825,003 | 676,865 | 526,933 | 540,236 | |||||||||
| Operating Profit | 136,500 | 135,255 | 355,229 | 176,195 | 24,052 | -73,500 | |||||||||
| Interest Payable | 12,086 | 5,287 | 5,693 | 5,127 | 3,121 | 4,022 | |||||||||
| Interest Receivable | 617 | 14 | 5 | 15 | 8 | 36 | |||||||||
| Pre-Tax Profit | 125,031 | 129,982 | 349,541 | 171,083 | 20,939 | -77,486 | |||||||||
| Tax | -10,514 | -29,915 | |||||||||||||
| Profit After Tax | 114,517 | 129,982 | 319,626 | 171,083 | 20,939 | -77,486 | |||||||||
| Dividends Paid | 115,000 | ||||||||||||||
| Retained Profit | 114,517 | 129,982 | 204,626 | 171,083 | 20,939 | -77,486 | |||||||||
| Employee Costs | 740,637 | 931,604 | |||||||||||||
| Number Of Employees | 38 | 42 | 42 | 39 | 42 | 40 | 31 | 29 | |||||||
| EBITDA* | 225,436 | 244,866 | 431,455 | 223,332 | 59,077 | -39,557 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 336,813 | 385,076 | 286,095 | 183,089 | 186,840 | 129,348 | 135,895 | 128,886 | 145,918 | 178,899 | 143,946 | 161,508 | 221,753 | 280,742 | 338,444 |
| Intangible Assets | 12,500 | ||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 349,313 | 385,076 | 286,095 | 183,089 | 186,840 | 129,348 | 135,895 | 128,886 | 145,918 | 178,899 | 143,946 | 161,508 | 221,753 | 280,742 | 338,444 |
| Stock & work in progress | 363,547 | 400,867 | 291,434 | 302,977 | 199,254 | 293,709 | 215,743 | 195,205 | 201,652 | 245,086 | 304,960 | 174,787 | 429,735 | 280,726 | 515,799 |
| Trade Debtors | 544,581 | 513,866 | 462,055 | 424,273 | 448,820 | 400,563 | 320,750 | 477,896 | 390,215 | 450,158 | 542,728 | 650,668 | 395,678 | 600,997 | 588,381 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 73,577 | 106,309 | 72,330 | 55,904 | 36,230 | 33,583 | 34,585 | ||||||||
| Cash | 489,646 | 344,299 | 439,341 | 139,348 | 69,459 | 76,979 | 175,243 | 189,741 | 202,387 | 136,508 | 264,249 | 135,582 | 213,069 | 398,826 | 176,966 |
| misc current assets | 296,267 | 113,877 | |||||||||||||
| total current assets | 1,471,351 | 1,365,341 | 1,265,160 | 1,218,769 | 867,640 | 804,834 | 746,321 | 862,842 | 794,254 | 831,752 | 1,111,937 | 961,037 | 1,038,482 | 1,280,549 | 1,281,146 |
| total assets | 1,820,664 | 1,750,417 | 1,551,255 | 1,401,858 | 1,054,480 | 934,182 | 882,216 | 991,728 | 940,172 | 1,010,651 | 1,255,883 | 1,122,545 | 1,260,235 | 1,561,291 | 1,619,590 |
| Bank overdraft | 60,089 | 75,746 | 58,070 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 304,436 | 324,389 | 259,119 | 411,870 | 256,458 | 262,948 | 294,697 | 670,904 | 507,942 | 432,824 | 530,698 | 474,241 | 424,338 | 632,249 | 678,479 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 105,055 | ||||||||||||||
| hp & lease commitments | 19,426 | 12,179 | 28,604 | 37,984 | 40,514 | ||||||||||
| other current liabilities | 228,702 | 215,754 | 321,920 | 270,363 | 299,480 | 188,325 | 245,756 | ||||||||
| total current liabilities | 533,138 | 540,143 | 581,039 | 682,233 | 555,938 | 556,328 | 540,453 | 670,904 | 507,942 | 432,824 | 550,124 | 546,509 | 528,688 | 670,233 | 777,063 |
| loans | 50,000 | ||||||||||||||
| hp & lease commitments | 13,028 | 6,695 | 19,083 | 47,696 | 76,039 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 169,776 | 207,041 | 96,965 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 34,920 | 47,790 | 8,200 | 8,200 | 8,200 | 8,200 | 19,500 |
| provisions | |||||||||||||||
| total long term liabilities | 169,776 | 207,041 | 96,965 | 51,000 | 1,000 | 1,000 | 1,000 | 1,000 | 34,920 | 47,790 | 21,228 | 14,895 | 27,283 | 55,896 | 95,539 |
| total liabilities | 702,914 | 747,184 | 678,004 | 733,233 | 556,938 | 557,328 | 541,453 | 671,904 | 542,862 | 480,614 | 571,352 | 561,404 | 555,971 | 726,129 | 872,602 |
| net assets | 1,117,750 | 1,003,233 | 873,251 | 668,625 | 497,542 | 376,854 | 340,763 | 319,824 | 397,310 | 530,037 | 684,531 | 561,141 | 704,264 | 835,162 | 746,988 |
| total shareholders funds | 1,117,750 | 1,003,233 | 873,251 | 668,625 | 497,542 | 376,854 | 340,763 | 319,824 | 397,310 | 530,037 | 684,531 | 561,141 | 704,264 | 835,162 | 746,988 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 136,500 | 135,255 | 355,229 | 176,195 | 24,052 | -73,500 | |||||||||
| Depreciation | 88,936 | 109,611 | 76,226 | 47,137 | 48,688 | 35,025 | 33,943 | 37,687 | 34,830 | 39,592 | 41,745 | 58,989 | 75,589 | 89,304 | |
| Amortisation | |||||||||||||||
| Tax | -10,514 | -29,915 | |||||||||||||
| Stock | -37,320 | 109,433 | -11,543 | 103,723 | -94,455 | 77,966 | 20,538 | -6,447 | -43,434 | -59,874 | 130,173 | -254,948 | 149,009 | -235,073 | 515,799 |
| Debtors | -2,017 | 85,790 | 54,208 | -4,873 | 50,904 | 78,811 | -122,561 | 87,681 | -59,943 | -92,570 | -107,940 | 254,990 | -205,319 | 12,616 | 588,381 |
| Creditors | -19,953 | 65,270 | -152,751 | 155,412 | -6,490 | -31,749 | -376,207 | 162,962 | 75,118 | -97,874 | 56,457 | 49,903 | -207,911 | -46,230 | 678,479 |
| Accruals and Deferred Income | 12,948 | -106,166 | 51,557 | -29,117 | 111,155 | -57,431 | 245,756 | ||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 247,254 | 8,747 | 257,681 | 250,777 | 30,649 | 42,171 | |||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -105,055 | 105,055 | |||||||||||||
| Long term loans | -50,000 | 50,000 | |||||||||||||
| Hire Purchase and Lease Commitments | -32,454 | 13,580 | -28,813 | -37,993 | -30,873 | 116,553 | |||||||||
| other long term liabilities | -37,265 | 110,076 | 95,965 | -33,920 | -12,870 | 39,590 | -11,300 | 19,500 | |||||||
| share issue | |||||||||||||||
| interest | -11,469 | -5,273 | -5,688 | -5,112 | -3,113 | -3,986 | |||||||||
| cash flow from financing | -48,734 | 104,803 | 40,277 | 44,888 | -3,113 | -37,906 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 145,347 | -95,042 | 299,993 | 69,889 | -7,520 | -98,264 | -14,498 | -12,646 | 65,879 | -127,741 | 128,667 | -77,487 | -185,757 | 221,860 | 176,966 |
| overdraft | -60,089 | -15,657 | 75,746 | -58,070 | 58,070 | ||||||||||
| change in cash | 145,347 | -95,042 | 299,993 | 69,889 | -7,520 | -98,264 | -14,498 | -12,646 | 65,879 | -127,741 | 188,756 | -61,830 | -261,503 | 279,930 | 118,896 |
david bailey furniture systems limited Credit Report and Business Information
David Bailey Furniture Systems Limited Competitor Analysis
Perform a competitor analysis for david bailey furniture systems limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in CT10 area or any other competitors across 12 key performance metrics.
david bailey furniture systems limited Ownership
DAVID BAILEY FURNITURE SYSTEMS LIMITED group structure
David Bailey Furniture Systems Limited has no subsidiary companies.
Ultimate parent company
1 parent
DAVID BAILEY FURNITURE SYSTEMS LIMITED
01665150
david bailey furniture systems limited directors
David Bailey Furniture Systems Limited currently has 2 directors. The longest serving directors include Mr Trevor Gillman (Dec 1992) and Mr Tony Huggins (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Trevor Gillman | 65 years | Dec 1992 | - | Director | |
| Mr Tony Huggins | 39 years | Jan 2023 | - | Director |
P&L
August 2023turnover
4m
+8%
operating profit
136.5k
+1%
gross margin
24.4%
-6.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
1.1m
+0.11%
total assets
1.8m
+0.04%
cash
489.6k
+0.42%
net assets
Total assets minus all liabilities
david bailey furniture systems limited company details
company number
01665150
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
September 1982
age
43
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
david bailey kitchens limited (January 1993)
tamberley limited (November 1987)
accountant
NEVILLE WESTON
auditor
-
address
12 lysander close, pysons road industrial estate, broadstairs, kent, CT10 2YJ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
david bailey furniture systems 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 5 charges/mortgages relating to david bailey furniture systems limited. Currently there are 0 open charges and 5 have been satisfied in the past.
david bailey furniture systems 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 bailey furniture systems limited Companies House Filings - See Documents
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