devonport royal dockyard limited

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devonport royal dockyard limited Company Information

Share DEVONPORT ROYAL DOCKYARD LIMITED

Company Number

02077752

Directors

Simon Bowen

Richard Foran

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Shareholders

babcock marine (devonport) ltd

secretary of state for defence

Group Structure

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Industry

Building of ships and floating structures

 

Registered Address

devonport royal dockyard, devonport, plymouth, PL1 4SG

devonport royal dockyard limited Estimated Valuation

£1.5b

Pomanda estimates the enterprise value of DEVONPORT ROYAL DOCKYARD LIMITED at £1.5b based on a Turnover of £1.5b and 0.96x industry multiple (adjusted for size and gross margin).

devonport royal dockyard limited Estimated Valuation

£786m

Pomanda estimates the enterprise value of DEVONPORT ROYAL DOCKYARD LIMITED at £786m based on an EBITDA of £106.5m and a 7.38x industry multiple (adjusted for size and gross margin).

devonport royal dockyard limited Estimated Valuation

£951.5m

Pomanda estimates the enterprise value of DEVONPORT ROYAL DOCKYARD LIMITED at £951.5m based on Net Assets of £357.2m and 2.66x industry multiple (adjusted for liquidity).

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Devonport Royal Dockyard Limited Overview

Devonport Royal Dockyard Limited is a live company located in plymouth, PL1 4SG with a Companies House number of 02077752. It operates in the building of ships and floating structures sector, SIC Code 30110. Founded in November 1986, it's largest shareholder is babcock marine (devonport) ltd with a 100% stake. Devonport Royal Dockyard Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.5b with high growth in recent years.

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Devonport Royal Dockyard Limited Health Check

Pomanda's financial health check has awarded Devonport Royal Dockyard Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.5b, make it larger than the average company (£22.7m)

£1.5b - Devonport Royal Dockyard Limited

£22.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (9.6%)

23% - Devonport Royal Dockyard Limited

9.6% - Industry AVG

production

Production

with a gross margin of 5.1%, this company has a higher cost of product (19.2%)

5.1% - Devonport Royal Dockyard Limited

19.2% - Industry AVG

profitability

Profitability

an operating margin of 5.1% make it less profitable than the average company (6.5%)

5.1% - Devonport Royal Dockyard Limited

6.5% - Industry AVG

employees

Employees

with 9084 employees, this is above the industry average (116)

9084 - Devonport Royal Dockyard Limited

116 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.8k, the company has an equivalent pay structure (£51.6k)

£57.8k - Devonport Royal Dockyard Limited

£51.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £167.6k, this is equally as efficient (£192.4k)

£167.6k - Devonport Royal Dockyard Limited

£192.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 21 days, this is earlier than average (34 days)

21 days - Devonport Royal Dockyard Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (29 days)

15 days - Devonport Royal Dockyard Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (73 days)

1 days - Devonport Royal Dockyard Limited

73 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)

0 weeks - Devonport Royal Dockyard Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 72.2%, this is a higher level of debt than the average (65.5%)

72.2% - Devonport Royal Dockyard Limited

65.5% - Industry AVG

DEVONPORT ROYAL DOCKYARD LIMITED financials

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Devonport Royal Dockyard Limited's latest turnover from March 2024 is £1.5 billion and the company has net assets of £357.2 million. According to their latest financial statements, Devonport Royal Dockyard Limited has 9,084 employees and maintains cash reserves of £288 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,522,764,0001,124,317,000903,754,000814,230,000790,813,000705,243,000734,205,000688,504,000660,093,000638,467,000626,070,000570,712,000514,470,000522,012,000538,508,000
Other Income Or Grants
Cost Of Sales1,445,729,0001,048,692,000881,249,000769,565,000690,487,000646,061,000638,179,000605,276,000574,426,000568,912,000550,990,000500,999,000461,321,000472,964,000479,709,000
Gross Profit77,035,00075,625,00022,505,00044,665,000100,326,00059,182,00096,026,00083,228,00085,667,00069,555,00075,080,00069,713,00053,149,00049,048,00058,799,000
Admin Expenses-13,168,000
Operating Profit77,035,00075,625,00022,505,00057,833,000100,326,00059,182,00096,026,00083,228,00085,667,00069,555,00075,080,00069,713,00053,149,00049,048,00058,799,000
Interest Payable5,215,0001,374,000542,000591,000781,000250,000187,00062,0001,977,0002,847,0001,0002,00032,00047,197,000
Interest Receivable2,060,0003,201,0001,814,0006,467,0005,820,0009,170,0008,054,0005,268,0003,688,0003,411,0003,519,0003,641,0004,148,0005,074,00059,779,000
Pre-Tax Profit72,820,00076,853,00023,777,00063,709,000105,365,00068,102,000108,893,00088,434,00087,378,00070,119,00086,388,00090,757,00068,595,00063,922,00071,381,000
Tax-23,250,000-15,271,000-2,545,000-5,630,000-22,558,000-13,551,000-19,804,000-18,530,000-15,819,000-12,300,000-16,687,000-19,744,000-13,054,000-17,759,000-24,465,000
Profit After Tax49,570,00061,582,00021,232,00058,079,00082,807,00054,551,00089,089,00069,904,00071,559,00057,819,00069,701,00071,013,00055,541,00046,163,00046,916,000
Dividends Paid30,000,00030,000,00030,000,00025,000,00020,000,00020,000,000110,001,00040,000,000
Retained Profit49,570,00061,582,00021,232,00028,079,00052,807,00024,551,00064,089,00049,904,00051,559,000-52,182,00029,701,00071,013,00055,541,00046,163,00046,916,000
Employee Costs525,464,000406,784,000379,798,000328,969,000283,581,000268,682,000261,633,000236,063,000219,991,000217,020,000203,279,000189,103,000189,623,000173,680,000166,260,000
Number Of Employees9,0847,2087,0486,4075,6655,5415,5155,1274,8604,7474,4674,2574,1043,9674,016
EBITDA*106,537,000102,717,00051,181,00080,610,000129,841,00085,232,000120,250,000106,408,000108,496,00090,712,00094,472,00086,932,00069,212,00064,417,00072,893,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets236,918,000197,713,000201,324,000195,808,000563,588,000329,816,000322,576,000272,224,000162,090,000140,638,000137,894,000133,840,000128,158,000124,598,000124,611,000
Intangible Assets64,793,00048,411,0004,115,0002,502,0009,446,0001,859,0005,965,00012,129,00013,694,00013,540,000
Investments & Other11,757,00011,338,000105,719,0001,015,0001,015,0001,015,0001,015,0001,369,000
Debtors (Due After 1 year)786,255,000800,875,000522,021,00012,931,000199,561,000
Total Fixed Assets1,099,723,0001,058,337,000833,179,000185,379,000373,473,000331,675,000328,541,000284,353,000175,784,000154,178,000137,894,000133,840,000128,158,000124,598,000124,611,000
Stock & work in progress5,914,00016,425,00013,504,0007,957,0007,397,0005,208,0004,557,0005,080,0007,580,0007,708,0007,779,0005,738,0006,205,0009,039,00013,496,000
Trade Debtors88,790,00082,524,00046,486,00062,944,00089,417,00040,127,00088,567,00037,478,00028,464,00050,342,00055,806,00034,446,00039,959,00051,801,00054,080,000
Group Debtors71,882,00077,178,00048,879,000515,327,000506,403,000459,860,000460,200,000498,440,000409,029,000344,523,000353,193,000353,509,000271,119,000191,712,00090,119,000
Misc Debtors17,525,00012,219,00010,460,00013,553,00014,486,00015,109,00021,274,00019,870,00023,760,00021,047,00020,364,00014,213,0009,398,00012,486,0006,670,000
Cash288,000175,000143,331,000118,341,00075,139,000123,956,00017,566,00039,668,00056,575,00068,042,00090,354,00067,142,00069,439,00070,608,000
misc current assets45,000537,000930,00054,00013,090,0008,301,0006,128,0003,852,0004,748,000
total current assets184,444,000189,058,000263,590,000756,520,000720,115,000657,350,000600,465,000566,996,000512,353,000484,943,000505,184,000498,260,000393,823,000334,477,000234,973,000
total assets1,284,167,0001,247,395,0001,096,769,000941,899,0001,093,588,000989,025,000929,006,000851,349,000688,137,000639,121,000643,078,000632,100,000521,981,000459,075,000359,584,000
Bank overdraft9,215,000893,000694,000
Bank loan
Trade Creditors 62,663,00060,895,00035,766,00079,707,00081,029,00061,916,00061,584,00041,328,00022,050,00013,773,00022,064,00016,469,00017,403,00016,050,00013,003,000
Group/Directors Accounts431,334,000445,108,000359,060,00095,807,00097,305,00085,245,00047,513,00011,250,000
other short term finances145,0001,121,000511,0001,247,000
hp & lease commitments2,993,0002,763,0001,833,0001,870,0002,044,000
other current liabilities275,562,000266,815,000192,836,000440,359,000404,534,000382,488,000330,091,000346,169,000348,060,000366,282,000218,116,000221,085,000180,280,000188,313,000158,095,000
total current liabilities772,552,000775,581,000589,495,000521,936,000487,607,000444,404,000391,820,000397,833,000370,621,000381,302,000335,987,000334,859,000282,928,000252,769,000183,042,000
loans16,222,00019,372,000983,000
hp & lease commitments23,948,00023,806,0008,676,0008,111,0009,686,000
Accruals and Deferred Income182,000304,00030,283,000547,000669,000790,000912,0001,033,0001,155,0001,276,0001,398,0001,520,0001,641,0001,763,0001,884,000
other liabilities
provisions2,800,0001,614,00015,930,00081,248,00063,752,00066,488,00056,664,00023,232,000140,984,0007,425,0009,661,00011,134,00012,975,00013,849,000
total long term liabilities154,462,000102,627,00038,959,00016,623,00050,979,00032,666,00034,156,00029,365,00012,771,00072,751,00065,217,00072,054,00034,678,00046,785,000107,173,000
total liabilities927,014,000878,208,000628,454,000538,559,000538,586,000477,070,000425,976,000427,198,000383,392,000454,053,000401,204,000406,913,000317,606,000299,554,000290,215,000
net assets357,153,000369,187,000468,315,000403,340,000555,002,000511,955,000503,030,000424,151,000304,745,000185,068,000241,874,000225,187,000204,375,000159,521,00069,369,000
total shareholders funds357,153,000369,187,000468,315,000403,340,000555,002,000511,955,000503,030,000424,151,000304,745,000185,068,000241,874,000225,187,000204,375,000159,521,00069,369,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit77,035,00075,625,00022,505,00057,833,000100,326,00059,182,00096,026,00083,228,00085,667,00069,555,00075,080,00069,713,00053,149,00049,048,00058,799,000
Depreciation24,915,00023,889,00027,373,00020,668,00027,241,00021,582,00014,640,00019,522,00018,210,00017,159,00019,392,00017,219,00016,063,00015,369,00014,094,000
Amortisation4,587,0003,203,0001,303,0002,109,0002,274,0004,468,0009,584,0003,658,0004,619,0003,998,000
Tax-23,250,000-15,271,000-2,545,000-5,630,000-22,558,000-13,551,000-19,804,000-18,530,000-15,819,000-12,300,000-16,687,000-19,744,000-13,054,000-17,759,000-24,465,000
Stock-10,511,0002,921,0005,547,000560,0002,189,000651,000-523,000-2,500,000-128,000-71,0002,041,000-467,000-2,834,000-4,457,00013,496,000
Debtors-8,344,000344,950,00023,091,000-205,112,000294,771,000-54,945,00014,253,00094,535,00045,341,000-13,451,00027,195,00081,692,00064,477,000105,130,000150,869,000
Creditors1,768,00025,129,000-43,941,000-1,322,00019,113,000332,00020,256,00019,278,0008,277,000-8,291,0005,595,000-934,0001,353,0003,047,00013,003,000
Accruals and Deferred Income8,625,00044,000,000-217,787,00035,703,00021,925,00052,275,000-16,199,000-2,013,000-18,343,000148,044,000-3,091,00040,684,000-8,155,00030,097,000159,979,000
Deferred Taxes & Provisions1,186,0001,614,000-15,930,000-65,318,00017,496,000-2,736,0009,824,00033,432,000-117,752,000133,559,000-2,236,000-1,473,000-1,841,000-874,00013,849,000
Cash flow from operations113,721,000-189,682,000-257,660,000248,595,000-131,143,000175,846,000100,597,00046,540,000-80,354,000365,246,00048,817,00024,240,000-14,128,000-21,745,00070,894,000
Investing Activities
capital expenditure-85,089,000-67,777,000-35,805,000351,947,000-270,874,000-29,184,000-68,412,000-131,749,000-44,435,000-37,441,000-23,446,000-22,901,000-19,623,000-15,356,000-138,705,000
Change in Investments419,000-94,381,000104,704,0001,015,000-1,369,0001,369,000
cash flow from investments-85,508,00026,604,000-140,509,000351,947,000-270,874,000-29,184,000-69,427,000-131,749,000-43,066,000-38,810,000-23,446,000-22,901,000-19,623,000-15,356,000-138,705,000
Financing Activities
Bank loans
Group/Directors Accounts-13,774,00086,048,000359,060,000-95,807,000-1,498,00012,060,00037,732,00036,263,00011,250,000
Other Short Term Loans -145,000-976,000610,000-736,0001,247,000
Long term loans-16,222,000-3,150,00019,372,000-983,000983,000
Hire Purchase and Lease Commitments372,00016,060,000528,000-1,749,00011,730,000
other long term liabilities
share issue-61,604,000-160,710,00043,743,000-179,741,000-9,760,000-15,626,00014,790,00069,502,00068,118,000-4,624,000-13,014,000-50,201,000-10,687,00043,989,00022,453,000
interest-3,155,0001,827,0001,272,0005,876,0005,039,0008,920,0007,867,0005,206,0001,711,000564,0003,519,0003,640,0004,146,0005,042,00012,582,000
cash flow from financing-78,161,000-56,775,000388,381,000-178,764,00026,381,000-6,851,00021,681,00075,318,00068,110,000-97,637,000-10,993,000-34,501,00031,191,00085,294,00046,285,000
cash and cash equivalents
cash113,000-143,156,00024,990,00043,202,000-48,817,000106,390,00017,566,000-39,668,000-16,907,000-11,467,000-22,312,00023,212,000-2,297,000-1,169,00070,608,000
overdraft-9,215,0009,215,000-893,000199,000694,000
change in cash113,000-143,156,00024,990,00043,202,000-48,817,000106,390,00026,781,000-48,883,000-16,907,000-11,467,000-22,312,00023,212,000-1,404,000-1,368,00069,914,000

devonport royal dockyard limited Credit Report and Business Information

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High Risk20 - 30
Very High Risk0 - 20
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Devonport Royal Dockyard Limited Competitor Analysis

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Perform a competitor analysis for devonport royal dockyard limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in PL1 area or any other competitors across 12 key performance metrics.

devonport royal dockyard limited Ownership

DEVONPORT ROYAL DOCKYARD LIMITED group structure

Devonport Royal Dockyard Limited has 1 subsidiary company.

DEVONPORT ROYAL DOCKYARD LIMITED Shareholders

babcock marine (devonport) ltd 100%
secretary of state for defence 0%

devonport royal dockyard limited directors

Devonport Royal Dockyard Limited currently has 8 directors. The longest serving directors include Mr Simon Bowen (Feb 2020) and Mr Richard Foran (Jun 2020).

officercountryagestartendrole
Mr Simon BowenEngland64 years Feb 2020- Director
Mr Richard Foran59 years Jun 2020- Director
Mr Dominic Kieran50 years Sep 2021- Director
Mr Dominic Kieran50 years Sep 2021- Director
Mr John Gane54 years Mar 2022- Director
Mr Harry HoltUnited Kingdom57 years Feb 2024- Director
Mr Mark LawtonEngland52 years Jul 2024- Director
Mr Richard Carrick59 years Nov 2024- Director

P&L

March 2024

turnover

1.5b

+35%

operating profit

77m

+2%

gross margin

5.1%

-24.79%

turnover

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

Balance Sheet

March 2024

net assets

357.2m

-0.03%

total assets

1.3b

+0.03%

cash

288k

+0.65%

net assets

Total assets minus all liabilities

devonport royal dockyard limited company details

company number

02077752

Type

Private limited with Share Capital

industry

30110 - Building of ships and floating structures

incorporation date

November 1986

age

39

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

DELOITTE LLP

address

devonport royal dockyard, devonport, plymouth, PL1 4SG

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

devonport royal dockyard 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 2 charges/mortgages relating to devonport royal dockyard limited. Currently there are 0 open charges and 2 have been satisfied in the past.

devonport royal dockyard 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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devonport royal dockyard limited Companies House Filings - See Documents

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