Drucegrove Limited

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drucegrove limited Company Information

Live

MatureSmallDeclining

Company Number

01745635

Next Accounts

Aug 2025

Industry

Manufacture of other electrical equipment

Directors

Darren Kelly

Rachel Kelly

Shareholders

kelly group holdings ltd

Group Structure

View All

Contact

Registered Address

essex house, 8 the shrubberies, george lane, south woodford, london, E18 1BD

Website

www.drucegrove.com

drucegrove limited Estimated Valuation

£594.9k

Pomanda estimates the enterprise value of DRUCEGROVE LIMITED at £594.9k based on a Turnover of £904.2k and 0.66x industry multiple (adjusted for size and gross margin).

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Drucegrove Limited is a live company located in south woodford, E18 1BD with a Companies House number of 01745635. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in August 1983, it's largest shareholder is kelly group holdings ltd with a 100% stake. Drucegrove Limited is a mature, small sized company, Pomanda has estimated its turnover at £904.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Drucegrove Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £904.2k, make it smaller than the average company (£12.7m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (4.9%)

EXPORT

Drucegrove Limited's latest turnover from November 2023 is estimated at £904.2 thousand and the company has net assets of £305.3 thousand. According to their latest financial statements, Drucegrove Limited has 12 employees and maintains cash reserves of £408.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	904,219	774,858	682,465	1,107,383	1,369,542	1,274,630	1,085,471	553,356	523,787	2,026,802	1,358,284	1,445,650	939,653	973,191	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	596,018	508,421	454,015	735,645	925,312	855,406	697,113	351,915	341,808	1,361,763	914,802	963,530	613,115	624,083	0
Gross Profit	308,201	266,437	228,450	371,738	444,231	419,225	388,358	201,441	181,979	665,039	443,482	482,119	326,537	349,108	0
Admin Expenses	808,821	-853,367	-46,504	428,167	412,095	393,783	371,598	182,405	15,442	534,795	764,270	646,966	632,469	570,327	-558,767
Operating Profit	-500,620	1,119,804	274,954	-56,429	32,136	25,442	16,760	19,036	166,537	130,244	-320,788	-164,847	-305,932	-221,219	558,767
Interest Payable	207	1,724	1,115	5	4	0	0	65	68	0	0	0	0	0	0
Interest Receivable	21,171	8,439	197	262	1,481	714	396	264	537	217	217	243	464	1,202	798
Pre-Tax Profit	-479,656	1,126,520	274,036	-56,172	33,614	26,156	17,156	19,235	167,006	130,461	-320,571	-164,604	-305,468	-220,017	559,565
Tax	0	-214,039	-52,067	0	-6,387	-4,970	-3,260	-3,847	-33,401	-27,397	0	0	0	0	-156,678
Profit After Tax	-479,656	912,481	221,969	-56,172	27,227	21,186	13,896	15,388	133,605	103,064	-320,571	-164,604	-305,468	-220,017	402,887
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-479,656	912,481	221,969	-56,172	27,227	21,186	13,896	15,388	133,605	103,064	-320,571	-164,604	-305,468	-220,017	402,887
Employee Costs	585,216	457,854	485,908	466,424	706,491	754,564	609,279	190,905	150,353	509,145	356,834	383,531	239,791	270,901	0
Number Of Employees	12	10	11	11	17	18	15	5	4	14	10	11	7	8	0
EBITDA*	-494,761	1,125,466	281,185	-36,702	55,522	43,256	36,995	36,965	187,402	149,982	-296,757	-137,359	-273,485	-182,465	600,909

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	89,721	71,976	962,588	885,347	905,074	917,062	937,550	957,785	548,914	558,040	582,145	603,026	630,514	662,961	685,253
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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	89,721	71,976	962,588	885,347	905,074	917,062	937,550	957,785	548,914	558,040	582,145	603,026	630,514	662,961	685,253
Stock & work in progress	248,966	219,482	19,524	16,365	12,845	136,493	125,870	128,210	134,710	127,763	141,792	122,830	120,567	24,506	34,450
Trade Debtors	67,363	61,687	61,478	192,259	209,144	172,505	166,651	127,722	120,497	265,289	104,240	206,785	159,365	257,702	276,753
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	33,049	626,737	71,375	36,477	34,025	13,322	15,416	17,551	18,557	0	0	0	0	0	0
Cash	408,361	398,150	164,463	229,667	293,957	101,077	89,316	69,054	141,990	72,796	14,006	72,708	24,400	161,361	319,284
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	757,739	1,306,056	316,840	474,768	549,971	423,397	397,253	342,537	415,754	465,848	260,038	402,323	304,332	443,569	630,487
total assets	847,460	1,378,032	1,279,428	1,360,115	1,455,045	1,340,459	1,334,803	1,300,322	964,668	1,023,888	842,183	1,005,349	934,846	1,106,530	1,315,740
Bank overdraft	1,905	1,782	36,527	43	114	0	0	0	2,084	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	82,046	86,584	72,406	151,290	198,715	92,870	87,672	63,634	57,256	809,641	731,000	573,595	281,348	136,592	113,096
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	51,016	49,808	493,412	487,062	474,576	488,363	502,164	499,299	557,476	0	0	0	0	0	0
total current liabilities	134,967	138,174	602,345	638,395	673,405	581,233	589,836	562,933	616,816	809,641	731,000	573,595	281,348	136,592	113,096
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	407,202	407,202	407,202	407,202	407,202	407,202	407,202	407,202	407,202	407,202	407,202	407,202	407,202	411,017	422,005
provisions	0	47,709	17,514	13,901	17,649	17,649	46,942	55,124	0	0	0	0	57,140	64,297	65,998
total long term liabilities	407,202	454,911	424,716	421,103	424,851	424,851	454,144	462,326	407,202	407,202	407,202	407,202	464,342	475,314	488,003
total liabilities	542,169	593,085	1,027,061	1,059,498	1,098,256	1,006,084	1,043,980	1,025,259	1,024,018	1,216,843	1,138,202	980,797	745,690	611,906	601,099
net assets	305,291	784,947	252,367	300,617	356,789	334,375	290,823	275,063	-59,350	-192,955	-296,019	24,552	189,156	494,624	714,641
total shareholders funds	305,291	784,947	252,367	300,617	356,789	334,375	290,823	275,063	-59,350	-192,955	-296,019	24,552	189,156	494,624	714,641

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-500,620	1,119,804	274,954	-56,429	32,136	25,442	16,760	19,036	166,537	130,244	-320,788	-164,847	-305,932	-221,219	558,767
Depreciation	5,859	5,662	6,231	19,727	23,386	17,814	20,235	17,929	20,865	19,738	24,031	27,488	32,447	38,754	42,142
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-214,039	-52,067	0	-6,387	-4,970	-3,260	-3,847	-33,401	-27,397	0	0	0	0	-156,678
Stock	29,484	199,958	3,159	3,520	-123,648	10,623	-2,340	-6,500	6,947	-14,029	18,962	2,263	96,061	-9,944	34,450
Debtors	-588,012	555,571	-95,883	-14,433	57,342	3,760	36,794	6,219	-126,235	161,049	-102,545	47,420	-98,337	-19,051	276,753
Creditors	-4,538	14,178	-78,884	-47,425	105,845	5,198	24,038	6,378	-752,385	78,641	157,405	292,247	144,756	23,496	113,096
Accruals and Deferred Income	1,208	-443,604	6,350	12,486	-13,787	-13,801	2,865	-58,177	557,476	0	0	0	0	0	0
Deferred Taxes & Provisions	-47,709	30,195	3,613	-3,748	0	-29,293	-8,182	55,124	0	0	0	-57,140	-7,157	-1,701	65,998
Cash flow from operations	12,728	-243,333	252,921	-64,476	207,499	-13,993	18,002	36,724	78,380	54,206	-55,769	48,065	-133,610	-131,675	312,122
Investing Activities
capital expenditure	-23,604	884,950	-83,472	0	-11,398	2,674	0	-426,800	-11,739	4,367	-3,150	0	0	-16,462	-727,395
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-23,604	884,950	-83,472	0	-11,398	2,674	0	-426,800	-11,739	4,367	-3,150	0	0	-16,462	-727,395
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	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	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	-3,815	-10,988	422,005
share issue	0	-379,901	-270,219	0	-4,813	22,366	1,864	319,025	0	0	0	0	0	0	311,754
interest	20,964	6,715	-918	257	1,477	714	396	199	469	217	217	243	464	1,202	798
cash flow from financing	20,964	-373,186	-271,137	257	-3,336	23,080	2,260	319,224	469	217	217	243	-3,351	-9,786	734,557
cash and cash equivalents
cash	10,211	233,687	-65,204	-64,290	192,880	11,761	20,262	-72,936	69,194	58,790	-58,702	48,308	-136,961	-157,923	319,284
overdraft	123	-34,745	36,484	-71	114	0	0	-2,084	2,084	0	0	0	0	0	0
change in cash	10,088	268,432	-101,688	-64,219	192,766	11,761	20,262	-70,852	67,110	58,790	-58,702	48,308	-136,961	-157,923	319,284

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRUCEGROVE LIMITED group structure

Drucegrove Limited has no subsidiary companies.

Ultimate parent company

KELLY GROUP HOLDINGS LIMITED

06902318

1 parent

DRUCEGROVE LIMITED

01745635

DRUCEGROVE LIMITED Shareholders

kelly group holdings ltd

100%

Drucegrove Limited currently has 2 directors. The longest serving directors include Mr Darren Kelly (Nov 1993) and Mrs Rachel Kelly (Feb 2019).

officer	country	age	start	end	role
Mr Darren Kelly		61 years	Nov 1993	-	Director
Mrs Rachel Kelly	United Kingdom	61 years	Feb 2019	-	Director

P&L

November 2023

turnover

904.2k

+17%

operating profit

-500.6k

gross margin

34.1%

-0.87%

turnover

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

Balance Sheet

November 2023

net assets

305.3k

-0.61%

total assets

847.5k

-0.39%

cash

408.4k

+0.03%

net assets

Total assets minus all liabilities

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company number

01745635

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

incorporation date

August 1983

ultimate parent company

KELLY GROUP HOLDINGS LIMITED

previous names

kelly investments limited (June 2009)

drucegrove limited (July 2002)

address

essex house, 8 the shrubberies, george lane, south woodford, london, E18 1BD

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 drucegrove limited. Currently there are 0 open charges and 1 have been satisfied in the past.

drucegrove limited Company Information

drucegrove limited Estimated Valuation

drucegrove limited Estimated Valuation

drucegrove limited Estimated Valuation

Drucegrove Limited Overview

Drucegrove Limited Health Check

DRUCEGROVE LIMITED financials

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drucegrove limited directors

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drucegrove limited Companies House Filings - See Documents