Donald Reid Limited

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donald reid limited Company Information

Company Number

02261100

Next Accounts

6 days late

Directors

Daniel Faust

Gary Bell

Shareholders

flb limited

Group Structure

View All

Industry

Accounting, and auditing activities

Registered Address

flb accountants llp, 1010, eskdale road, wokingham, RG41 5TS

Website

www.donaldreid.co.uk

donald reid limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of DONALD REID LIMITED at £4.2m based on Net Assets of £1.4m and 3.06x industry multiple (adjusted for liquidity).

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Donald Reid Limited is a live company located in wokingham, RG41 5TS with a Companies House number of 02261100. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 1988, it's largest shareholder is flb limited with a 100% stake. Donald Reid Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Donald Reid Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £2.5m, make it larger than the average company (£217.6k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (6.4%)

EXPORT

Donald Reid Limited's latest turnover from June 2023 is estimated at £2.5 million and the company has net assets of £1.4 million. According to their latest financial statements, Donald Reid Limited has 37 employees and maintains cash reserves of £296.3 thousand 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	2,494,453	2,127,114	1,757,231	2,130,858	1,895,616	1,789,417	1,751,503	1,410,060	1,428,948	1,401,054	1,336,974	1,180,746	1,041,460	1,698,783
Other Income Or Grants
Cost Of Sales	129,827	235,531	168,756	298,311	44,590	44,074	38,493	107,363	213,042	174,846	137,818	156,217	104,254	174,646
Gross Profit	2,364,625	1,891,583	1,588,475	1,832,548	1,851,027	1,745,342	1,713,010	1,302,697	1,215,906	1,226,208	1,199,156	1,024,528	937,207	1,524,137
Admin Expenses	2,286,181	1,799,126	1,425,316	1,505,274	1,680,323	1,672,345	1,674,069	1,236,696	1,052,531	1,093,422	1,104,489	889,210	857,963	1,326,075
Operating Profit	78,444	92,457	163,159	327,274	170,704	72,997	38,941	66,001	163,375	132,786	94,667	135,318	79,244	198,062
Interest Payable		11,639	22,560	14,879	9,911	12,171	8,970	4,451
Interest Receivable	14,831	3,983	271	133	464	150			8	11	33	57	86	59
Pre-Tax Profit	93,275	84,801	140,870	312,528	161,257	60,977	29,972	61,550	163,384	132,797	94,700	135,375	79,330	198,121
Tax	-23,319	-16,112	-26,765	-59,380	-30,639	-11,586	-5,695	-12,310	-32,677	-27,887	-21,781	-32,490	-20,626	-55,474
Profit After Tax	69,956	68,689	114,105	253,148	130,618	49,391	24,277	49,240	130,707	104,910	72,919	102,885	58,704	142,647
Dividends Paid
Retained Profit	69,956	68,689	114,105	253,148	130,618	49,391	24,277	49,240	130,707	104,910	72,919	102,885	58,704	142,647
Employee Costs	1,309,510	1,233,401	977,024	1,072,601	1,102,211	996,566	898,291	890,623	619,086	659,432	672,337	570,380	457,271	639,080
Number Of Employees	37	36	32	36	32	32	32	33	23	24	25	23	19	29
EBITDA*	171,489	184,453	254,813	418,483	258,447	157,664	128,158	94,676	192,103	147,928	101,624	149,409	92,879	206,392

* 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	63,636	70,098	83,599	104,645	105,951	99,622	104,307	136,011	157,776	77,609	44,371	27,391	30,370	29,244
Intangible Assets	125,200	187,800	250,400	313,000	375,600	438,200	500,800	563,400	626,000	626,000	626,000	626,000	626,000	626,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	188,836	257,898	333,999	417,645	481,551	537,822	605,107	699,411	783,776	703,609	670,371	653,391	656,370	655,244
Stock & work in progress	158,540	126,582	142,707	109,892	129,404	158,452	106,807	132,394	101,213	98,989	62,050	61,750	58,141	68,348
Trade Debtors	513,810	459,650	396,251	449,811	389,187	348,976	322,834	204,688	210,097	195,956	182,615	151,763	163,465	219,038
Group Debtors
Misc Debtors	1,471,163	1,228,845	1,005,373	818,022	296,152	239,818	202,488	195,169
Cash	296,315	296,919	340,404	202,044	63,742	60,100	93	93	92	3,218	1,182	12,060	10,775	23,533
misc current assets
total current assets	2,439,828	2,111,996	1,884,735	1,579,769	878,485	807,346	632,222	532,344	311,402	298,163	245,847	225,573	232,381	310,919
total assets	2,628,664	2,369,894	2,218,734	1,997,414	1,360,036	1,345,168	1,237,329	1,231,755	1,095,178	1,001,772	916,218	878,964	888,751	966,163
Bank overdraft						127,220	112,942	73,074
Bank loan			110,183	110,183	21,969	31,300	28,728	28,735
Trade Creditors	1,213,395	944,729	72,519	68,653	112,276	116,350	75,737	89,606	294,512	242,143	270,141	255,613	275,534	326,553
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities			572,707	370,543	292,210	249,281	206,458	217,593
total current liabilities	1,213,395	944,729	755,409	549,379	426,455	524,151	423,865	409,008	294,512	242,143	270,141	255,613	275,534	326,553
loans			210,885	308,409	47,271	65,903	8,400	35,160
hp & lease commitments
Accruals and Deferred Income
other liabilities	25,906	104,342							60,724	177,564	168,922	219,115	311,866	396,963
provisions	15,167	16,583	16,889	18,180	18,012	17,434	18,775	25,575	27,170
total long term liabilities	41,073	120,925	227,774	326,589	65,283	83,337	27,175	60,735	87,894	177,564	168,922	219,115	311,866	396,963
total liabilities	1,254,468	1,065,654	983,183	875,968	491,738	607,488	451,040	469,743	382,406	419,707	439,063	474,728	587,400	723,516
net assets	1,374,196	1,304,240	1,235,551	1,121,446	868,298	737,680	786,289	762,012	712,772	582,065	477,155	404,236	301,351	242,647
total shareholders funds	1,374,196	1,304,240	1,235,551	1,121,446	868,298	737,680	786,289	762,012	712,772	582,065	477,155	404,236	301,351	242,647

	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	78,444	92,457	163,159	327,274	170,704	72,997	38,941	66,001	163,375	132,786	94,667	135,318	79,244	198,062
Depreciation	30,445	29,396	29,054	28,609	25,143	22,067	26,617	28,675	28,728	15,142	6,957	14,091	13,635	8,330
Amortisation	62,600	62,600	62,600	62,600	62,600	62,600	62,600
Tax	-23,319	-16,112	-26,765	-59,380	-30,639	-11,586	-5,695	-12,310	-32,677	-27,887	-21,781	-32,490	-20,626	-55,474
Stock	31,958	-16,125	32,815	-19,512	-29,048	51,645	-25,587	31,181	2,224	36,939	300	3,609	-10,207	68,348
Debtors	296,478	286,871	133,791	582,494	96,545	63,472	125,465	189,760	14,141	13,341	30,852	-11,702	-55,573	219,038
Creditors	268,666	872,210	3,866	-43,623	-4,074	40,613	-13,869	-204,906	52,369	-27,998	14,528	-19,921	-51,019	326,553
Accruals and Deferred Income		-572,707	202,164	78,333	42,929	42,823	-11,135	217,593
Deferred Taxes & Provisions	-1,416	-306	-1,291	168	578	-1,341	-6,800	-1,595	27,170
Cash flow from operations	86,984	196,792	266,181	-169,001	199,744	113,056	-9,219	-127,483	222,600	41,763	63,219	105,091	87,014	190,085
Investing Activities
capital expenditure	-23,983	-15,895	-8,008	-27,303	-31,472	-17,382	5,087	55,690	-108,895	-48,380	-23,937	-11,112	-14,761	-663,574
Change in Investments
cash flow from investments	-23,983	-15,895	-8,008	-27,303	-31,472	-17,382	5,087	55,690	-108,895	-48,380	-23,937	-11,112	-14,761	-663,574
Financing Activities
Bank loans		-110,183		88,214	-9,331	2,572	-7	28,735
Group/Directors Accounts
Other Short Term Loans
Long term loans		-210,885	-97,524	261,138	-18,632	57,503	-26,760	35,160
Hire Purchase and Lease Commitments
other long term liabilities	-78,436	104,342						-60,724	-116,840	8,642	-50,193	-92,751	-85,097	396,963
share issue						-98,000								100,000
interest	14,831	-7,656	-22,289	-14,746	-9,447	-12,021	-8,970	-4,451	8	11	33	57	86	59
cash flow from financing	-63,605	-224,382	-119,813	334,606	-37,410	-49,946	-35,737	-1,280	-116,832	8,653	-50,160	-92,694	-85,011	497,022
cash and cash equivalents
cash	-604	-43,485	138,360	138,302	3,642	60,007		1	-3,126	2,036	-10,878	1,285	-12,758	23,533
overdraft					-127,220	14,278	39,868	73,074
change in cash	-604	-43,485	138,360	138,302	130,862	45,729	-39,868	-73,073	-3,126	2,036	-10,878	1,285	-12,758	23,533

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DONALD REID LIMITED group structure

Donald Reid Limited has no subsidiary companies.

Ultimate parent company

FLB ACCOUNTANTS LLP

OC334949

FLB LIMITED

16006783

2 parents

DONALD REID LIMITED

02261100

DONALD REID LIMITED Shareholders

flb limited

100%

Donald Reid Limited currently has 2 directors. The longest serving directors include Mr Daniel Faust (Oct 2024) and Mr Gary Bell (Oct 2024).

officer	country	age	start	end	role
Mr Daniel Faust	United Kingdom	51 years	Oct 2024	-	Director
Mr Gary Bell	United Kingdom	42 years	Oct 2024	-	Director

P&L

June 2023

turnover

2.5m

+17%

operating profit

78.4k

gross margin

94.8%

+6.6%

turnover

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

Balance Sheet

June 2023

net assets

1.4m

+0.05%

total assets

2.6m

+0.11%

cash

296.3k

net assets

Total assets minus all liabilities

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company number

02261100

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

May 1988

ultimate parent company

FLB ACCOUNTANTS LLP

previous names

N/A

address

flb accountants llp, 1010, eskdale road, wokingham, RG41 5TS

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.

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donald reid limited Company Information

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