Austin Desmond Fine Art Limited

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austin desmond fine art limited Company Information

Live

MatureMicroHealthy

Company Number

01865098

Website

www.austindesmond.com

Registered Address

8th floor becket house, 36 old jewry, london, EC2R 8DD

Industry

Retail sale of second-hand goods (other than antiques and antique books) in stores

Telephone

02072424443

Next Accounts Due

96 days late

Group Structure

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Directors

John Austin32 Years

Shareholders

john anthony wilfred austin 77.9%

executors of w.h. desmond 2.5%

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austin desmond fine art limited Estimated Valuation

£469.9k

Pomanda estimates the enterprise value of AUSTIN DESMOND FINE ART LIMITED at £469.9k based on Net Assets of £99.6k and 4.72x industry multiple (adjusted for liquidity).

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Austin Desmond Fine Art Limited is a live company located in london, EC2R 8DD with a Companies House number of 01865098. It operates in the retail sale of other second-hand goods in stores (not incl. antiques) sector, SIC Code 47799. Founded in November 1984, it's largest shareholder is john anthony wilfred austin with a 77.9% stake. Austin Desmond Fine Art Limited is a mature, micro sized company, Pomanda has estimated its turnover at £72.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Austin Desmond Fine Art Limited a 2 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 Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £72.4k, make it smaller than the average company (£417.4k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.2%)

EXPORT

Austin Desmond Fine Art Limited's latest turnover from October 2022 is estimated at £72.4 thousand and the company has net assets of £99.6 thousand. According to their latest financial statements, Austin Desmond Fine Art Limited has 1 employee and maintains cash reserves of £195.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	72,356	129,633	222,664	60,117	128,655	505,876	120,000	5,440,384	9,361,720	9,779,782	7,551,350	7,714,400	5,086,735	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,050	29,803	59,813	17,080	44,251	160,269	47,460	2,149,306	3,787,687	3,971,206	3,307,661	3,460,186	1,852,331	0
Gross Profit	58,306	99,830	162,851	43,037	84,403	345,607	72,539	3,291,077	5,574,033	5,808,577	4,243,689	4,254,214	3,234,404	0
Admin Expenses	90,717	110,557	-57,378	57,386	222,973	445,887	188,636	3,245,978	5,489,302	5,915,678	4,391,929	4,377,268	3,410,145	839,990
Operating Profit	-32,411	-10,727	220,229	-14,349	-138,570	-100,280	-116,097	45,099	84,731	-107,101	-148,240	-123,054	-175,741	-839,990
Interest Payable	0	0	0	0	0	0	0	378	378	0	0	0	0	0
Interest Receivable	3,319	114	92	315	457	167	139	173	78	156	369	350	197	138
Pre-Tax Profit	-29,092	-10,613	220,321	-14,034	-138,113	-100,113	-115,958	44,894	84,432	-106,945	-147,871	-122,704	-175,544	-839,852
Tax	0	0	-41,861	0	0	0	0	-8,979	-17,731	0	0	0	0	0
Profit After Tax	-29,092	-10,613	178,460	-14,034	-138,113	-100,113	-115,958	35,915	66,701	-106,945	-147,871	-122,704	-175,544	-839,852
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-29,092	-10,613	178,460	-14,034	-138,113	-100,113	-115,958	35,915	66,701	-106,945	-147,871	-122,704	-175,544	-839,852
Employee Costs	18,323	17,603	17,847	18,348	18,289	17,954	16,891	2,390,941	4,170,679	4,623,650	3,237,424	2,731,276	1,880,267	0
Number Of Employees	1	1	1	1	1	1	1	133	229	250	169	162	116	0
EBITDA*	-32,279	-10,562	220,437	-14,083	-138,225	-99,828	-115,495	45,912	85,844	-102,650	-142,479	-116,384	-171,162	-835,162

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	639	771	936	1,144	1,410	1,755	2,207	2,809	3,622	4,735	9,186	14,947	19,322	19,284
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	639	771	936	1,144	1,410	1,755	2,207	2,809	3,622	4,735	9,186	14,947	19,322	19,284
Stock & work in progress	45,511	80,000	80,000	9,720	28,556	104,005	162,814	264,102	245,440	169,983	341,762	428,230	606,536	730,237
Trade Debtors	4,330	10,656	16,706	3,107	9,501	41,001	4,500	145,873	183,316	241,382	226,893	211,678	180,593	213,439
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	276	630	1,286	5,145	5,396	18,019	132,080	0	0	0	0	0	0	0
Cash	195,094	99,954	128,948	54,123	29,883	92,093	41,802	69,087	0	31,283	31,170	116,321	23,641	55,035
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	245,211	191,240	226,940	72,095	73,336	255,118	341,196	479,062	428,756	442,648	599,825	756,229	810,770	998,711
total assets	245,850	192,011	227,876	73,239	74,746	256,873	343,403	481,871	432,378	447,383	609,011	771,176	830,092	1,017,995
Bank overdraft	0	0	0	0	0	0	0	0	11,621	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	152,779	127,580	220,907	275,590	289,884	226,096	238,455
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	146,221	63,290	88,542	112,365	99,838	143,852	130,269	0	0	0	0	0	0	0
total current liabilities	146,221	63,290	88,542	112,365	99,838	143,852	130,269	152,779	139,201	220,907	275,590	289,884	226,096	238,455
loans	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
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	0	0	0	0	0
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	0	0	0	0	0
total liabilities	146,221	63,290	88,542	112,365	99,838	143,852	130,269	152,779	139,201	220,907	275,590	289,884	226,096	238,455
net assets	99,629	128,721	139,334	-39,126	-25,092	113,021	213,134	329,092	293,177	226,476	333,421	481,292	603,996	779,540
total shareholders funds	99,629	128,721	139,334	-39,126	-25,092	113,021	213,134	329,092	293,177	226,476	333,421	481,292	603,996	779,540

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-32,411	-10,727	220,229	-14,349	-138,570	-100,280	-116,097	45,099	84,731	-107,101	-148,240	-123,054	-175,741	-839,990
Depreciation	132	165	208	266	345	452	602	813	1,113	4,451	5,761	6,670	4,579	4,828
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-41,861	0	0	0	0	-8,979	-17,731	0	0	0	0	0
Stock	-34,489	0	70,280	-18,836	-75,449	-58,809	-101,288	18,662	75,457	-171,779	-86,468	-178,306	-123,701	730,237
Debtors	-6,680	-6,706	9,740	-6,645	-44,123	-77,560	-9,293	-37,443	-58,066	14,489	15,215	31,085	-32,846	213,439
Creditors	0	0	0	0	0	0	-152,779	25,199	-93,327	-54,683	-14,294	63,788	-12,359	238,455
Accruals and Deferred Income	82,931	-25,252	-23,823	12,527	-44,014	13,583	130,269	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	91,821	-29,108	74,733	23,925	-62,667	50,124	-27,424	80,913	-42,605	-43	-85,520	94,625	-26,974	-1,540,383
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	-2,295	-4,617	-24,112
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	-2,295	-4,617	-24,112
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,619,392
interest	3,319	114	92	315	457	167	139	-205	-300	156	369	350	197	138
cash flow from financing	3,319	114	92	315	457	167	139	-205	-300	156	369	350	197	1,619,530
cash and cash equivalents
cash	95,140	-28,994	74,825	24,240	-62,210	50,291	-27,285	69,087	-31,283	113	-85,151	92,680	-31,394	55,035
overdraft	0	0	0	0	0	0	0	-11,621	11,621	0	0	0	0	0
change in cash	95,140	-28,994	74,825	24,240	-62,210	50,291	-27,285	80,708	-42,904	113	-85,151	92,680	-31,394	55,035

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for austin desmond fine art 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 EC2R area or any other competitors across 12 key performance metrics.

AUSTIN DESMOND FINE ART LIMITED group structure

Austin Desmond Fine Art Limited has no subsidiary companies.

Ultimate parent company

AUSTIN DESMOND FINE ART LIMITED

01865098

AUSTIN DESMOND FINE ART LIMITED Shareholders

john anthony wilfred austin	77.85%
executors of w.h. desmond	2.54%
rodney vernon milne-day	2.05%
luna nominees limited	1.43%
keith crawford	1.36%
william edmond adam bain	1.22%
michael john julian cowan	1.19%
ian shaw white	1.11%
adrian victor shain friend	1.01%
ian michael boyd	0.86%

Austin Desmond Fine Art Limited currently has 1 director, Mr John Austin serving since Dec 1991.

officer	country	age	start	end	role
Mr John Austin		78 years	Dec 1991	-	Director

P&L

October 2022

turnover

72.4k

-44%

operating profit

-32.4k

gross margin

80.6%

+4.64%

turnover

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

Balance Sheet

October 2022

net assets

99.6k

-0.23%

total assets

245.9k

+0.28%

cash

195.1k

+0.95%

net assets

Total assets minus all liabilities

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company number

01865098

Type

Private limited with Share Capital

industry

47799 - Retail sale of second-hand goods (other than antiques and antique books) in stores

incorporation date

November 1984

ultimate parent company

None

previous names

birchyoung limited (January 1985)

address

8th floor becket house, 36 old jewry, london, EC2R 8DD

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 8 charges/mortgages relating to austin desmond fine art limited. Currently there are 2 open charges and 6 have been satisfied in the past.

austin desmond fine art limited Company Information

austin desmond fine art limited Estimated Valuation

austin desmond fine art limited Estimated Valuation

austin desmond fine art limited Estimated Valuation

Austin Desmond Fine Art Limited Overview

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AUSTIN DESMOND FINE ART LIMITED financials

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