martin duckworth limited

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martin duckworth limited Company Information

Share MARTIN DUCKWORTH LIMITED
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Company Number

02383784

Registered Address

racecourse garage, willingham road, market rasen, lincs, LN8 3RE

Industry

Sale of new cars and light motor vehicles

 

Sale of used cars and light motor vehicles

 

Telephone

01673558890

Next Accounts Due

September 2025

Group Structure

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Directors

Martin Duckworth33 Years

Sally Duckworth33 Years

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Shareholders

duckworth holdings limited 100%

martin duckworth limited Estimated Valuation

£58.3m

Pomanda estimates the enterprise value of MARTIN DUCKWORTH LIMITED at £58.3m based on a Turnover of £118.3m and 0.49x industry multiple (adjusted for size and gross margin).

martin duckworth limited Estimated Valuation

£34.5m

Pomanda estimates the enterprise value of MARTIN DUCKWORTH LIMITED at £34.5m based on an EBITDA of £4.4m and a 7.85x industry multiple (adjusted for size and gross margin).

martin duckworth limited Estimated Valuation

£33.1m

Pomanda estimates the enterprise value of MARTIN DUCKWORTH LIMITED at £33.1m based on Net Assets of £10.8m and 3.08x industry multiple (adjusted for liquidity).

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Martin Duckworth Limited Overview

Martin Duckworth Limited is a live company located in market rasen, LN8 3RE with a Companies House number of 02383784. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in May 1989, it's largest shareholder is duckworth holdings limited with a 100% stake. Martin Duckworth Limited is a mature, mega sized company, Pomanda has estimated its turnover at £118.3m with healthy growth in recent years.

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Martin Duckworth Limited Health Check

Pomanda's financial health check has awarded Martin Duckworth Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

6 Regular

positive_score

1 Weak

size

Size

annual sales of £118.3m, make it larger than the average company (£31.9m)

£118.3m - Martin Duckworth Limited

£31.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.8%)

7% - Martin Duckworth Limited

8.8% - Industry AVG

production

Production

with a gross margin of 10.7%, this company has a comparable cost of product (10.5%)

10.7% - Martin Duckworth Limited

10.5% - Industry AVG

profitability

Profitability

an operating margin of 3.2% make it more profitable than the average company (2.4%)

3.2% - Martin Duckworth Limited

2.4% - Industry AVG

employees

Employees

with 142 employees, this is above the industry average (52)

142 - Martin Duckworth Limited

52 - Industry AVG

paystructure

Pay Structure

on an average salary of £39k, the company has an equivalent pay structure (£35.9k)

£39k - Martin Duckworth Limited

£35.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £833.1k, this is more efficient (£558.1k)

£833.1k - Martin Duckworth Limited

£558.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 10 days, this is later than average (7 days)

10 days - Martin Duckworth Limited

7 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 60 days, this is slower than average (23 days)

60 days - Martin Duckworth Limited

23 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 51 days, this is in line with average (62 days)

51 days - Martin Duckworth Limited

62 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (6 weeks)

7 weeks - Martin Duckworth Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64%, this is a similar level of debt than the average (66.4%)

64% - Martin Duckworth Limited

66.4% - Industry AVG

MARTIN DUCKWORTH LIMITED financials

EXPORTms excel logo

Martin Duckworth Limited's latest turnover from December 2023 is £118.3 million and the company has net assets of £10.8 million. According to their latest financial statements, Martin Duckworth Limited has 142 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover118,305,92594,732,19498,380,03895,878,106112,930,863111,265,912103,825,69497,287,10481,740,74869,435,74358,680,33353,499,69941,089,32133,419,10523,467,946
Other Income Or Grants000000000000000
Cost Of Sales105,632,99484,366,66588,589,66587,293,848104,693,314103,479,27396,943,87990,560,50774,815,61763,382,56653,665,06849,766,39536,388,22429,435,05718,774,357
Gross Profit12,672,93110,365,5299,790,3738,584,2588,237,5497,786,6396,881,8156,726,5976,925,1316,053,1775,015,2653,733,3044,701,0973,984,0484,693,589
Admin Expenses8,884,0907,572,2276,914,6876,126,3577,555,5046,944,4256,919,6114,982,9974,846,0644,501,8604,038,7933,014,1634,121,0853,498,6344,381,414
Operating Profit3,788,8412,793,3022,875,6862,457,901682,045842,214-37,7961,743,6002,079,0671,551,317976,472719,141580,012485,414312,175
Interest Payable509,688253,058216,088332,381402,268417,085309,647151,958112,256105,090116,237103,41975,55580,24967,187
Interest Receivable0001,7978,6078,9931,731002,26600000
Pre-Tax Profit3,279,1532,540,2442,659,5982,127,317288,384428,127-345,7121,591,6421,966,8111,448,493860,235615,722504,457405,165244,988
Tax-849,197-583,026-559,524-452,376-102,446-139,15740,196-335,287-416,797-295,151-197,187-142,108-117,100-104,409-49,085
Profit After Tax2,429,9561,957,2182,100,0741,674,941185,938288,970-305,5161,256,3551,550,0141,153,342663,048473,614387,357300,756195,903
Dividends Paid811,000386,000366,000314,250181,067204,200264,000304,000396,011393,938257,658108,12215,7418,06010,000
Retained Profit1,618,9561,571,2181,734,0741,360,6914,87184,770-569,516952,3551,154,003759,404405,390365,492371,616292,696185,903
Employee Costs5,533,8644,569,6874,569,3294,336,2924,566,3433,926,6214,136,6703,221,3763,079,8762,937,6412,649,9371,842,1141,665,8991,682,1941,342,132
Number Of Employees1421401431471561491411111141058974727063
EBITDA*4,392,7843,393,7943,560,0303,164,6981,410,1651,561,942552,6172,022,3882,391,0431,831,8441,118,989830,221691,206561,838364,928

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,427,3587,429,5087,600,7098,077,4838,577,7569,089,8399,529,7717,704,8102,540,0712,072,5101,978,5341,733,5891,290,1901,155,884975,807
Intangible Assets00000000038,81842,88646,95451,02255,09059,158
Investments & Other00000010010010010013,10013,10013,10013,10013,100
Debtors (Due After 1 year)000000000000000
Total Fixed Assets7,427,3587,429,5087,600,7098,077,4838,577,7569,089,8399,529,8717,704,9102,540,1712,111,4282,034,5201,793,6431,354,3121,224,0741,048,065
Stock & work in progress14,802,89812,558,37710,672,35114,328,28819,407,44315,980,27319,819,65110,383,9259,011,4166,603,1255,515,9063,904,2984,263,8032,124,4891,995,708
Trade Debtors3,392,4293,806,7082,037,1742,304,2472,705,4902,196,2623,152,5442,162,8111,894,2622,101,122940,5811,040,397661,054707,062745,387
Group Debtors000000000000000
Misc Debtors1,459,3691,387,949648,7011,263,1541,517,88501,278,4981,696,5951,135,341559,124237,610194,261371,362282,211224,966
Cash2,838,5571,678,9482,348,3292,949,1251,237,6671,017,1451,380,886784326,083161,865578,375345,669513,282810,865313,030
misc current assets000000000000000
total current assets22,493,25319,431,98215,706,55520,844,81424,868,48520,556,93225,631,57914,244,11512,367,1029,425,2367,272,4725,484,6255,809,5013,924,6273,279,091
total assets29,920,61126,861,49023,307,26428,922,29733,446,24129,646,77135,161,45021,949,02514,907,27311,536,6649,306,9927,278,2687,163,8135,148,7014,327,156
Bank overdraft00000550,00001,260,645000409,4100118,5610
Bank loan00550,000550,000550,0000568,500584,00074,00074,00074,00054,268100,333100,33356,366
Trade Creditors 17,378,56116,401,61812,254,60016,964,26223,901,22019,126,98224,386,07810,657,3879,662,8457,589,2916,109,9804,366,9165,132,9923,115,3462,844,395
Group/Directors Accounts521,058239,358251,936107,66218,905059,27279,4820031,79703,46700
other short term finances00000196,393000000000
hp & lease commitments062518,15018,16496,3340180,07413,25620,08118,55822,45013,97519,63010,1603,034
other current liabilities957,885806,107985,4002,103,234515,3900342,652349,887967,511659,220545,169465,980206,883415,447407,669
total current liabilities18,857,50417,447,70814,060,08619,743,32225,081,84920,649,26925,536,57612,944,65710,724,4378,341,0696,783,3965,310,5495,463,3053,759,8473,311,464
loans001,512,5003,162,5003,712,50004,812,5003,963,17092,500166,500240,50098,939162,134249,750219,050
hp & lease commitments002,13918,16400268,96721,14324,20116,14316,25018,01536,37319,0480
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions294,618264,249154,224154,070168,3420149,49856,63055,06555,88569,17958,48875,21664,88639,168
total long term liabilities294,618264,2491,668,8633,334,7343,880,8424,518,8235,230,9654,040,943171,766238,528325,929175,442273,723333,684258,218
total liabilities19,152,12217,711,95715,728,94923,078,05628,962,69125,168,09230,767,54116,985,60010,896,2038,579,5977,109,3255,485,9915,737,0284,093,5313,569,682
net assets10,768,4899,149,5337,578,3155,844,2414,483,5504,478,6794,393,9094,963,4254,011,0702,957,0672,197,6671,792,2771,426,7851,055,170757,474
total shareholders funds10,768,4899,149,5337,578,3155,844,2414,483,5504,478,6794,393,9094,963,4254,011,0702,957,0672,197,6671,792,2771,426,7851,055,170757,474
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,788,8412,793,3022,875,6862,457,901682,045842,214-37,7961,743,6002,079,0671,551,317976,472719,141580,012485,414312,175
Depreciation603,943600,492684,344706,797728,120719,728590,413278,788273,158276,459138,449107,012107,12672,35648,340
Amortisation0000000038,8184,0684,0684,0684,0684,0684,413
Tax-849,197-583,026-559,524-452,376-102,446-139,15740,196-335,287-416,797-295,151-197,187-142,108-117,100-104,409-49,085
Stock2,244,5211,886,026-3,655,937-5,079,1553,427,170-3,839,3789,435,7261,372,5092,408,2911,087,2191,611,608-359,5052,139,314128,7811,995,708
Debtors-342,8592,508,782-881,526-655,9742,027,113-2,234,780571,636829,803369,3571,482,055-56,467202,24243,14318,920970,353
Creditors976,9434,147,018-4,709,662-6,936,9584,774,238-5,259,09613,728,691994,5422,073,5541,479,3111,743,064-766,0762,017,646270,9512,844,395
Accruals and Deferred Income151,778-179,293-1,117,8341,587,844515,390-342,652-7,235-617,624308,291114,05179,189259,097-208,5647,778407,669
Deferred Taxes & Provisions30,369110,025154-14,272168,342-149,49892,8681,565-820-13,29410,691-16,72810,33025,71839,168
Cash flow from operations2,801,0152,493,7101,710,6273,084,0651,311,4061,745,6974,399,775-136,7281,577,623547,4871,199,605321,669211,061614,175641,014
Investing Activities
capital expenditure00000-279,796-2,278,208-5,435,583-742,051-352,134-338,649-550,550-237,946-248,514-22,354
Change in Investments00000-100000-13,000000013,100
cash flow from investments00000-279,696-2,278,208-5,435,583-742,051-339,134-338,649-550,550-237,946-248,514-35,454
Financing Activities
Bank loans0-550,00000550,000-568,500-15,500510,0000019,732-46,065043,96756,366
Group/Directors Accounts281,700-12,578144,27488,75718,905-59,272-20,21079,4820-31,79731,797-3,4673,46700
Other Short Term Loans 0000-196,393196,393000000000
Long term loans0-1,512,500-1,650,000-550,0003,712,500-4,812,500849,3303,870,670-74,000-74,000141,561-63,195-87,61630,700219,050
Hire Purchase and Lease Commitments-625-19,664-16,039-60,00696,334-449,041414,642-9,8839,581-3,9996,710-24,01326,79526,1743,034
other long term liabilities000000000000000
share issue00000000-100,000-400-15,000571,571
interest-509,688-253,058-216,088-330,584-393,661-408,092-307,916-151,958-112,256-102,824-116,237-103,419-75,555-80,249-67,187
cash flow from financing-228,613-2,347,800-1,737,853-851,8333,787,685-6,101,012920,3464,298,311-276,675-212,62483,563-240,159-132,91025,592782,834
cash and cash equivalents
cash1,159,609-669,381-600,7961,711,458220,522-363,7411,380,102-325,299164,218-416,510232,706-167,613-297,583497,835313,030
overdraft0000-550,000550,000-1,260,6451,260,64500-409,410409,410-118,561118,5610
change in cash1,159,609-669,381-600,7961,711,458770,522-913,7412,640,747-1,585,944164,218-416,510642,116-577,023-179,022379,274313,030

martin duckworth limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Martin Duckworth Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for martin duckworth limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in LN8 area or any other competitors across 12 key performance metrics.

martin duckworth limited Ownership

MARTIN DUCKWORTH LIMITED group structure

Martin Duckworth Limited has no subsidiary companies.

Ultimate parent company

MARTIN DUCKWORTH LIMITED

02383784

MARTIN DUCKWORTH LIMITED Shareholders

duckworth holdings limited 100%

martin duckworth limited directors

Martin Duckworth Limited currently has 5 directors. The longest serving directors include Mr Martin Duckworth (May 1991) and Mrs Sally Duckworth (May 1991).

officercountryagestartendrole
Mr Martin DuckworthEngland78 years May 1991- Director
Mrs Sally DuckworthEngland75 years May 1991- Director
Mr Benjamin DuckworthEngland47 years Jun 2004- Director
Mr Benjamin Duckworth47 years Jun 2004- Director
Mr Nicholas SwainsonEngland51 years Feb 2023- Director

P&L

December 2023

turnover

118.3m

+25%

operating profit

3.8m

+36%

gross margin

10.8%

-2.1%

turnover

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

Balance Sheet

December 2023

net assets

10.8m

+0.18%

total assets

29.9m

+0.11%

cash

2.8m

+0.69%

net assets

Total assets minus all liabilities

martin duckworth limited company details

company number

02383784

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

45112 - Sale of used cars and light motor vehicles

incorporation date

May 1989

age

35

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

ARMSTRONG WATSON AUDIT LIMITED

address

racecourse garage, willingham road, market rasen, lincs, LN8 3RE

Bank

BANK OF SCOTLAND

Legal Advisor

-

martin duckworth 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 28 charges/mortgages relating to martin duckworth limited. Currently there are 8 open charges and 20 have been satisfied in the past.

charges

martin duckworth limited Companies House Filings - See Documents

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