Pomanda estimates the enterprise value of DANCERACE PLC at £4.1m based on a Turnover of £4.4m and 0.95x industry multiple (adjusted for size and gross margin).
dancerace plcEstimated Valuation
£7.1m
Pomanda estimates the enterprise value of DANCERACE PLC at £7.1m based on an EBITDA of £1.2m and a 5.78x industry multiple (adjusted for size and gross margin).
dancerace plcEstimated Valuation
£4.4m
Pomanda estimates the enterprise value of DANCERACE PLC at £4.4m based on Net Assets of £1.8m and 2.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Dancerace PlcOverview
Dancerace Plc is a live company located in bath, BA1 5BG with a Companies House number of 02717007. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 1992, it's largest shareholder is
newable dancerace limited
with a 100% stake. Dancerace Plc is a mature,
small sized company, Pomanda has estimated its turnover at
£4.4m with
high
growth in recent years.
Pomanda's financial health check has awarded Dancerace Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
6 Strong
3 Regular
2 Weak
Size
annual sales of £4.4m, make it in line with the average company (£3.8m)
£4.4m - Dancerace Plc
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (10.5%)
24% - Dancerace Plc
10.5% - Industry AVG
Production
with a gross margin of 71.8%, this company has a comparable cost of product (71.7%)
71.8% - Dancerace Plc
71.7% - Industry AVG
Profitability
an operating margin of -5% make it less profitable than the average company (4%)
-5% - Dancerace Plc
4% - Industry AVG
Employees
with 42 employees, this is above the industry average (34)
42 - Dancerace Plc
34 - Industry AVG
Pay Structure
on an average salary of £43.9k, the company has a lower pay structure (£67.7k)
£43.9k - Dancerace Plc
£67.7k - Industry AVG
Efficiency
resulting in sales per employee of £104.1k, this is equally as efficient (£119.3k)
£104.1k - Dancerace Plc
£119.3k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (59 days)
11 days - Dancerace Plc
59 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (39 days)
53 days - Dancerace Plc
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Dancerace Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (18 weeks)
4 weeks - Dancerace Plc
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.6%, this is a lower level of debt than the average (59.7%)
46.6% - Dancerace Plc
59.7% - Industry AVG
DANCERACE PLC financials
EXPORT
Dancerace Plc's latest turnover from March 2024 is £4.4 million and the company has net assets of £1.8 million. According to their latest financial statements, Dancerace Plc has 42 employees and maintains cash reserves of £132.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Turnover
4,374,152
2,918,900
2,797,362
2,284,688
2,165,677
2,130,513
1,756,180
1,575,386
1,451,253
2,794,112
2,195,537
1,844,266
1,660,322
1,501,723
1,272,480
Other Income Or Grants
Cost Of Sales
1,232,285
642,266
417,191
640,717
717,628
692,092
660,912
619,820
627,949
539,668
445,275
442,431
481,076
513,042
510,694
Gross Profit
3,141,867
2,276,634
2,380,171
1,643,971
1,448,049
1,438,421
1,095,268
955,566
823,304
2,254,444
1,750,262
1,401,835
1,179,246
988,681
761,786
Admin Expenses
3,362,030
2,178,849
1,943,642
1,241,393
1,548,292
1,358,522
1,224,255
1,069,335
1,091,277
1,253,963
1,238,996
960,177
868,898
748,525
549,825
Operating Profit
-220,163
97,785
436,529
402,578
-100,243
79,899
-128,987
-113,769
-267,973
1,000,481
511,266
441,658
310,348
240,156
211,961
Interest Payable
23,133
1,337
3,527
5,704
5,398
3,053
3,562
7,186
1,109
195
764
Interest Receivable
2,240
40
294
320
140
143
174
160
507
Pre-Tax Profit
-243,296
100,025
436,529
199,500
-100,203
78,562
-132,514
-119,179
-273,051
997,428
507,844
434,615
309,413
240,121
211,704
Tax
60,197
-135,384
-84,132
127,027
113,068
66,429
72,334
99,851
79,630
-178,322
80,321
-87,611
-44,144
-41,564
-54,136
Profit After Tax
-183,099
-35,359
352,397
326,527
12,865
144,991
-60,180
-19,328
-193,421
819,106
588,165
347,004
265,269
198,557
157,568
Dividends Paid
36,696
127,144
169,895
126,150
47,000
350,043
187,999
157,474
129,768
109,603
83,880
81,932
Retained Profit
-183,099
-35,359
352,397
289,831
-114,279
-24,904
-186,330
-66,328
-543,464
631,107
430,691
217,236
155,666
114,677
75,636
Employee Costs
1,842,382
999,569
801,912
1,444,635
1,368,554
1,146,244
893,018
860,634
854,752
843,495
819,404
744,666
760,545
850,735
702,866
Number Of Employees
42
34
29
20
20
18
15
14
14
14
15
15
15
15
15
EBITDA*
1,220,197
924,593
686,297
900,156
-6,852
234,359
78,489
107,460
27,143
1,380,172
978,995
603,724
444,549
336,061
296,229
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Tangible Assets
33,385
31,068
34,389
30,799
54,309
126,474
204,601
252,731
309,812
340,310
181,773
174,107
237,511
143,227
191,827
Intangible Assets
1,705,568
1,416,918
1,631,342
880,070
56,749
60,029
31,450
37,268
39,335
123,925
270,993
228,397
250,680
214,092
71,467
Investments & Other
100
100
100
100
100
100
100
Debtors (Due After 1 year)
Total Fixed Assets
1,738,953
1,447,986
1,665,731
910,969
111,158
186,603
236,151
290,099
349,247
464,335
452,766
402,504
488,191
357,319
263,294
Stock & work in progress
Trade Debtors
142,684
63,456
133,048
114,845
106,627
203,506
103,203
98,444
144,383
107,524
141,658
154,370
185,782
71,740
67,614
Group Debtors
714,020
614,020
614,020
29,396
54,073
Misc Debtors
701,265
404,672
484,317
437,401
324,685
151,850
242,238
252,804
107,959
60,109
62,231
84,367
108,920
10,312
6,018
Cash
132,291
150,022
172,034
510,891
573,263
703,766
743,612
952,175
1,144,610
1,734,136
1,241,768
747,525
266,719
205,523
192,247
misc current assets
total current assets
1,690,260
1,232,170
1,403,419
1,063,137
1,004,575
1,059,122
1,089,053
1,303,423
1,396,952
1,901,769
1,445,657
986,262
561,421
316,971
319,952
total assets
3,429,213
2,680,156
3,069,150
1,974,106
1,115,733
1,245,725
1,325,204
1,593,522
1,746,199
2,366,104
1,898,423
1,388,766
1,049,612
674,290
583,246
Bank overdraft
10,271
Bank loan
Trade Creditors
179,303
53,080
58,867
99,967
51,678
53,426
111,046
128,102
115,824
77,713
132,153
113,614
62,137
61,645
100,139
Group/Directors Accounts
772,088
100
100
100
100
100
100
229
56
528
30
136
10,188
other short term finances
hp & lease commitments
4,544
34,667
69,644
94,216
64,853
25,431
48,243
45,260
other current liabilities
464,365
307,888
244,740
172,876
141,070
140,469
93,303
85,946
103,425
211,197
465,163
360,794
213,591
142,775
127,632
total current liabilities
1,415,756
360,968
303,607
272,943
192,848
198,539
239,116
283,792
313,565
353,992
622,803
523,179
321,018
204,556
248,230
loans
25,419
hp & lease commitments
4,404
34,779
83,181
97,254
25,006
84,836
Accruals and Deferred Income
other liabilities
provisions
156,519
304,570
406,588
3,583
13,670
23,692
33,286
40,223
48,397
70,338
62,207
57,859
78,272
59,914
39,873
total long term liabilities
181,938
304,570
406,588
3,583
13,670
23,692
37,690
75,002
131,578
167,592
62,207
82,865
163,108
59,914
39,873
total liabilities
1,597,694
665,538
710,195
276,526
206,518
222,231
276,806
358,794
445,143
521,584
685,010
606,044
484,126
264,470
288,103
net assets
1,831,519
2,014,618
2,358,955
1,697,580
909,215
1,023,494
1,048,398
1,234,728
1,301,056
1,844,520
1,213,413
782,722
565,486
409,820
295,143
total shareholders funds
1,831,519
2,014,618
2,358,955
1,697,580
909,215
1,023,494
1,048,398
1,234,728
1,301,056
1,844,520
1,213,413
782,722
565,486
409,820
295,143
Mar 2024
Mar 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Operating Activities
Operating Profit
-220,163
97,785
436,529
402,578
-100,243
79,899
-128,987
-113,769
-267,973
1,000,481
511,266
441,658
310,348
240,156
211,961
Depreciation
22,766
18,755
23,195
36,407
69,620
105,446
110,831
131,705
125,961
119,722
78,901
77,857
68,637
66,757
79,099
Amortisation
1,417,594
808,053
226,573
461,171
23,771
49,014
96,645
89,524
169,155
259,969
388,828
84,209
65,564
29,148
5,169
Tax
60,197
-135,384
-84,132
127,027
113,068
66,429
72,334
99,851
79,630
-178,322
80,321
-87,611
-44,144
-41,564
-54,136
Stock
Debtors
475,821
-149,237
679,139
120,934
75,956
9,915
-5,807
98,906
84,709
-36,256
-34,848
-55,965
183,254
-16,257
127,705
Creditors
126,223
-5,787
-41,100
48,289
-1,748
-57,620
-17,056
12,278
38,111
-54,440
18,539
51,477
492
-38,494
100,139
Accruals and Deferred Income
156,477
63,148
71,864
31,806
601
47,166
7,357
-17,479
-107,772
-253,966
104,369
147,203
70,816
15,143
127,632
Deferred Taxes & Provisions
-148,051
-102,018
403,005
-10,087
-10,022
-9,594
-6,937
-8,174
-21,941
8,131
4,348
-20,413
18,358
20,041
39,873
Cash flow from operations
939,222
893,789
356,795
976,257
19,091
270,825
139,994
95,030
-69,538
937,831
1,221,420
750,345
306,817
307,444
382,032
Investing Activities
capital expenditure
-146,498
-134,384
-93,750
-168,595
-517,991
-76,379
-124,066
-189,930
-246,794
Change in Investments
-100
100
cash flow from investments
100
-146,498
-134,384
-93,750
-168,695
-517,991
-76,379
-124,066
-189,930
-246,794
Financing Activities
Bank loans
Group/Directors Accounts
772,088
-100
-129
173
-472
498
-106
-10,052
10,188
Other Short Term Loans
Long term loans
25,419
Hire Purchase and Lease Commitments
-4,544
-34,527
-65,352
-72,974
15,290
136,676
-47,818
-56,847
130,096
other long term liabilities
share issue
-308,978
308,978
498,534
219,507
interest
-23,133
2,240
40
-1,337
-3,527
-5,410
-5,078
-3,053
-3,422
-7,043
-935
-35
-257
cash flow from financing
774,374
-306,738
308,878
498,534
-4,504
-35,864
-68,879
-78,384
10,083
133,796
-51,712
-63,392
129,055
-10,087
229,438
cash and cash equivalents
cash
-17,731
-22,012
-338,857
-62,372
-130,503
-39,846
-208,563
-192,435
-589,526
492,368
494,243
480,806
61,196
13,276
192,247
overdraft
-10,271
10,271
change in cash
-17,731
-22,012
-338,857
-62,372
-130,503
-39,846
-208,563
-192,435
-589,526
492,368
494,243
480,806
61,196
23,547
181,976
dancerace plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for dancerace plc. Get real-time insights into dancerace plc's credit score, group structure and payment trends.
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62012 - Business and domestic software development
incorporation date
May 1992
age
33
incorporated
UK
ultimate parent company
NORLAND DANCERACE LP
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
address
ground floor, riverside south walcot yard, bath, BA1 5BG
Bank
HSBC BANK PLC
Legal Advisor
-
dancerace plc 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 1 charges/mortgages relating to dancerace plc. Currently there are 1 open charges and 0 have been satisfied in the past.
dancerace plc 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.
Click to start generating capital raising & share issue transactions for DANCERACE PLC. This can take several minutes, an email will notify you when this has completed.
dancerace plcCompanies House Filings - See Documents
