Martin Duckworth Limited

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martin duckworth limited Company Information

Live

MatureMegaHealthy

Company Number

02383784

Website

http://landrover.co.uk

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

View All

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).

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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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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 Rating5out of 5

5 Strong

6 Regular

1 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	118,305,925	94,732,194	98,380,038	95,878,106	112,930,863	111,265,912	103,825,694	97,287,104	81,740,748	69,435,743	58,680,333	53,499,699	41,089,321	33,419,105	23,467,946
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	105,632,994	84,366,665	88,589,665	87,293,848	104,693,314	103,479,273	96,943,879	90,560,507	74,815,617	63,382,566	53,665,068	49,766,395	36,388,224	29,435,057	18,774,357
Gross Profit	12,672,931	10,365,529	9,790,373	8,584,258	8,237,549	7,786,639	6,881,815	6,726,597	6,925,131	6,053,177	5,015,265	3,733,304	4,701,097	3,984,048	4,693,589
Admin Expenses	8,884,090	7,572,227	6,914,687	6,126,357	7,555,504	6,944,425	6,919,611	4,982,997	4,846,064	4,501,860	4,038,793	3,014,163	4,121,085	3,498,634	4,381,414
Operating Profit	3,788,841	2,793,302	2,875,686	2,457,901	682,045	842,214	-37,796	1,743,600	2,079,067	1,551,317	976,472	719,141	580,012	485,414	312,175
Interest Payable	509,688	253,058	216,088	332,381	402,268	417,085	309,647	151,958	112,256	105,090	116,237	103,419	75,555	80,249	67,187
Interest Receivable	0	0	0	1,797	8,607	8,993	1,731	0	0	2,266	0	0	0	0	0
Pre-Tax Profit	3,279,153	2,540,244	2,659,598	2,127,317	288,384	428,127	-345,712	1,591,642	1,966,811	1,448,493	860,235	615,722	504,457	405,165	244,988
Tax	-849,197	-583,026	-559,524	-452,376	-102,446	-139,157	40,196	-335,287	-416,797	-295,151	-197,187	-142,108	-117,100	-104,409	-49,085
Profit After Tax	2,429,956	1,957,218	2,100,074	1,674,941	185,938	288,970	-305,516	1,256,355	1,550,014	1,153,342	663,048	473,614	387,357	300,756	195,903
Dividends Paid	811,000	386,000	366,000	314,250	181,067	204,200	264,000	304,000	396,011	393,938	257,658	108,122	15,741	8,060	10,000
Retained Profit	1,618,956	1,571,218	1,734,074	1,360,691	4,871	84,770	-569,516	952,355	1,154,003	759,404	405,390	365,492	371,616	292,696	185,903
Employee Costs	5,533,864	4,569,687	4,569,329	4,336,292	4,566,343	3,926,621	4,136,670	3,221,376	3,079,876	2,937,641	2,649,937	1,842,114	1,665,899	1,682,194	1,342,132
Number Of Employees	142	140	143	147	156	149	141	111	114	105	89	74	72	70	63
EBITDA*	4,392,784	3,393,794	3,560,030	3,164,698	1,410,165	1,561,942	552,617	2,022,388	2,391,043	1,831,844	1,118,989	830,221	691,206	561,838	364,928

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	7,427,358	7,429,508	7,600,709	8,077,483	8,577,756	9,089,839	9,529,771	7,704,810	2,540,071	2,072,510	1,978,534	1,733,589	1,290,190	1,155,884	975,807
Intangible Assets	0	0	0	0	0	0	0	0	0	38,818	42,886	46,954	51,022	55,090	59,158
Investments & Other	0	0	0	0	0	0	100	100	100	100	13,100	13,100	13,100	13,100	13,100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	7,427,358	7,429,508	7,600,709	8,077,483	8,577,756	9,089,839	9,529,871	7,704,910	2,540,171	2,111,428	2,034,520	1,793,643	1,354,312	1,224,074	1,048,065
Stock & work in progress	14,802,898	12,558,377	10,672,351	14,328,288	19,407,443	15,980,273	19,819,651	10,383,925	9,011,416	6,603,125	5,515,906	3,904,298	4,263,803	2,124,489	1,995,708
Trade Debtors	3,392,429	3,806,708	2,037,174	2,304,247	2,705,490	2,196,262	3,152,544	2,162,811	1,894,262	2,101,122	940,581	1,040,397	661,054	707,062	745,387
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,459,369	1,387,949	648,701	1,263,154	1,517,885	0	1,278,498	1,696,595	1,135,341	559,124	237,610	194,261	371,362	282,211	224,966
Cash	2,838,557	1,678,948	2,348,329	2,949,125	1,237,667	1,017,145	1,380,886	784	326,083	161,865	578,375	345,669	513,282	810,865	313,030
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	22,493,253	19,431,982	15,706,555	20,844,814	24,868,485	20,556,932	25,631,579	14,244,115	12,367,102	9,425,236	7,272,472	5,484,625	5,809,501	3,924,627	3,279,091
total assets	29,920,611	26,861,490	23,307,264	28,922,297	33,446,241	29,646,771	35,161,450	21,949,025	14,907,273	11,536,664	9,306,992	7,278,268	7,163,813	5,148,701	4,327,156
Bank overdraft	0	0	0	0	0	550,000	0	1,260,645	0	0	0	409,410	0	118,561	0
Bank loan	0	0	550,000	550,000	550,000	0	568,500	584,000	74,000	74,000	74,000	54,268	100,333	100,333	56,366
Trade Creditors	17,378,561	16,401,618	12,254,600	16,964,262	23,901,220	19,126,982	24,386,078	10,657,387	9,662,845	7,589,291	6,109,980	4,366,916	5,132,992	3,115,346	2,844,395
Group/Directors Accounts	521,058	239,358	251,936	107,662	18,905	0	59,272	79,482	0	0	31,797	0	3,467	0	0
other short term finances	0	0	0	0	0	196,393	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	625	18,150	18,164	96,334	0	180,074	13,256	20,081	18,558	22,450	13,975	19,630	10,160	3,034
other current liabilities	957,885	806,107	985,400	2,103,234	515,390	0	342,652	349,887	967,511	659,220	545,169	465,980	206,883	415,447	407,669
total current liabilities	18,857,504	17,447,708	14,060,086	19,743,322	25,081,849	20,649,269	25,536,576	12,944,657	10,724,437	8,341,069	6,783,396	5,310,549	5,463,305	3,759,847	3,311,464
loans	0	0	1,512,500	3,162,500	3,712,500	0	4,812,500	3,963,170	92,500	166,500	240,500	98,939	162,134	249,750	219,050
hp & lease commitments	0	0	2,139	18,164	0	0	268,967	21,143	24,201	16,143	16,250	18,015	36,373	19,048	0
Accruals and Deferred Income	0	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	0
provisions	294,618	264,249	154,224	154,070	168,342	0	149,498	56,630	55,065	55,885	69,179	58,488	75,216	64,886	39,168
total long term liabilities	294,618	264,249	1,668,863	3,334,734	3,880,842	4,518,823	5,230,965	4,040,943	171,766	238,528	325,929	175,442	273,723	333,684	258,218
total liabilities	19,152,122	17,711,957	15,728,949	23,078,056	28,962,691	25,168,092	30,767,541	16,985,600	10,896,203	8,579,597	7,109,325	5,485,991	5,737,028	4,093,531	3,569,682
net assets	10,768,489	9,149,533	7,578,315	5,844,241	4,483,550	4,478,679	4,393,909	4,963,425	4,011,070	2,957,067	2,197,667	1,792,277	1,426,785	1,055,170	757,474
total shareholders funds	10,768,489	9,149,533	7,578,315	5,844,241	4,483,550	4,478,679	4,393,909	4,963,425	4,011,070	2,957,067	2,197,667	1,792,277	1,426,785	1,055,170	757,474

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	3,788,841	2,793,302	2,875,686	2,457,901	682,045	842,214	-37,796	1,743,600	2,079,067	1,551,317	976,472	719,141	580,012	485,414	312,175
Depreciation	603,943	600,492	684,344	706,797	728,120	719,728	590,413	278,788	273,158	276,459	138,449	107,012	107,126	72,356	48,340
Amortisation	0	0	0	0	0	0	0	0	38,818	4,068	4,068	4,068	4,068	4,068	4,413
Tax	-849,197	-583,026	-559,524	-452,376	-102,446	-139,157	40,196	-335,287	-416,797	-295,151	-197,187	-142,108	-117,100	-104,409	-49,085
Stock	2,244,521	1,886,026	-3,655,937	-5,079,155	3,427,170	-3,839,378	9,435,726	1,372,509	2,408,291	1,087,219	1,611,608	-359,505	2,139,314	128,781	1,995,708
Debtors	-342,859	2,508,782	-881,526	-655,974	2,027,113	-2,234,780	571,636	829,803	369,357	1,482,055	-56,467	202,242	43,143	18,920	970,353
Creditors	976,943	4,147,018	-4,709,662	-6,936,958	4,774,238	-5,259,096	13,728,691	994,542	2,073,554	1,479,311	1,743,064	-766,076	2,017,646	270,951	2,844,395
Accruals and Deferred Income	151,778	-179,293	-1,117,834	1,587,844	515,390	-342,652	-7,235	-617,624	308,291	114,051	79,189	259,097	-208,564	7,778	407,669
Deferred Taxes & Provisions	30,369	110,025	154	-14,272	168,342	-149,498	92,868	1,565	-820	-13,294	10,691	-16,728	10,330	25,718	39,168
Cash flow from operations	2,801,015	2,493,710	1,710,627	3,084,065	1,311,406	1,745,697	4,399,775	-136,728	1,577,623	547,487	1,199,605	321,669	211,061	614,175	641,014
Investing Activities
capital expenditure	0	0	0	0	0	-279,796	-2,278,208	-5,435,583	-742,051	-352,134	-338,649	-550,550	-237,946	-248,514	-22,354
Change in Investments	0	0	0	0	0	-100	0	0	0	-13,000	0	0	0	0	13,100
cash flow from investments	0	0	0	0	0	-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 loans	0	-550,000	0	0	550,000	-568,500	-15,500	510,000	0	0	19,732	-46,065	0	43,967	56,366
Group/Directors Accounts	281,700	-12,578	144,274	88,757	18,905	-59,272	-20,210	79,482	0	-31,797	31,797	-3,467	3,467	0	0
Other Short Term Loans	0	0	0	0	-196,393	196,393	0	0	0	0	0	0	0	0	0
Long term loans	0	-1,512,500	-1,650,000	-550,000	3,712,500	-4,812,500	849,330	3,870,670	-74,000	-74,000	141,561	-63,195	-87,616	30,700	219,050
Hire Purchase and Lease Commitments	-625	-19,664	-16,039	-60,006	96,334	-449,041	414,642	-9,883	9,581	-3,999	6,710	-24,013	26,795	26,174	3,034
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	-100,000	-4	0	0	-1	5,000	571,571
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	-851,833	3,787,685	-6,101,012	920,346	4,298,311	-276,675	-212,624	83,563	-240,159	-132,910	25,592	782,834
cash and cash equivalents
cash	1,159,609	-669,381	-600,796	1,711,458	220,522	-363,741	1,380,102	-325,299	164,218	-416,510	232,706	-167,613	-297,583	497,835	313,030
overdraft	0	0	0	0	-550,000	550,000	-1,260,645	1,260,645	0	0	-409,410	409,410	-118,561	118,561	0
change in cash	1,159,609	-669,381	-600,796	1,711,458	770,522	-913,741	2,640,747	-1,585,944	164,218	-416,510	642,116	-577,023	-179,022	379,274	313,030

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

officer	country	age	start	end	role
Mr Martin Duckworth	England	78 years	May 1991	-	Director
Mrs Sally Duckworth	England	75 years	May 1991	-	Director
Mr Benjamin Duckworth	England	47 years	Jun 2004	-	Director
Mr Benjamin Duckworth		47 years	Jun 2004	-	Director
Mr Nicholas Swainson	England	51 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

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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

ultimate parent company

None

previous names

N/A

address

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

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.

martin duckworth limited Company Information

martin duckworth limited Estimated Valuation

martin duckworth limited Estimated Valuation

martin duckworth limited Estimated Valuation

Martin Duckworth Limited Overview

Martin Duckworth Limited Health Check

MARTIN DUCKWORTH LIMITED financials

martin duckworth limited Credit Report and Business Information

Martin Duckworth Limited Competitor Analysis

martin duckworth limited Ownership

martin duckworth limited directors

martin duckworth limited company details

martin duckworth limited Charges & Mortgages

martin duckworth limited Companies House Filings - See Documents