Devonshire Homes Limited

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devonshire homes limited Company Information

Company Number

02769742

Next Accounts

Jun 2025

Directors

Guy Langworthy

David Heathcoat Amory

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Shareholders

london & devonshire trust ltd

Group Structure

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Industry

Construction of domestic buildings

Registered Address

gotham house hammett square, phoenix lane, tiverton, devon, EX16 6LT

Website

www.devonshirehomes.co.uk

devonshire homes limited Estimated Valuation

£25.7m

Pomanda estimates the enterprise value of DEVONSHIRE HOMES LIMITED at £25.7m based on a Turnover of £40.9m and 0.63x industry multiple (adjusted for size and gross margin).

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Devonshire Homes Limited is a live company located in tiverton, EX16 6LT with a Companies House number of 02769742. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in December 1992, it's largest shareholder is london & devonshire trust ltd with a 100% stake. Devonshire Homes Limited is a mature, large sized company, Pomanda has estimated its turnover at £40.9m with high growth in recent years.

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Pomanda's financial health check has awarded Devonshire Homes Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £40.9m, make it larger than the average company (£466.6k)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (9.5%)

EXPORT

Devonshire Homes Limited's latest turnover from September 2023 is £40.9 million and the company has net assets of £18 million. According to their latest financial statements, Devonshire Homes Limited has 65 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 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	40,911,502	28,741,109	38,154,942	20,556,233	26,349,230	27,414,870	28,532,325	24,366,580	26,648,246	22,064,792	10,464,806	12,653,919	8,874,846	9,230,082	10,222,421
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	36,211,468	26,326,170	35,057,798	18,501,705	23,279,164	24,273,595	25,157,943	21,580,336	22,228,018	19,598,446	10,707,852	10,469,692	7,049,429	6,663,108	7,305,161
Gross Profit	4,700,034	2,414,939	3,097,144	2,054,528	3,070,066	3,141,275	3,374,382	2,786,244	4,420,228	2,466,346	-243,046	2,184,227	1,825,417	2,566,974	2,917,260
Admin Expenses	3,773,554	2,412,194	2,660,209	1,824,181	2,613,638	2,733,672	2,540,381	2,587,319	1,749,703	1,592,840	1,320,970	1,448,886	1,579,753	1,329,152	1,437,777
Operating Profit	926,480	2,745	436,935	230,347	456,428	407,603	834,001	198,925	2,670,525	873,506	-1,564,016	735,341	245,664	1,237,822	1,479,483
Interest Payable	858,466	247,214	148,484	238,609	89,077	109,648	146,747	153,829	180,151	243,055	51,306	47,659	55,758	75,165	103,025
Interest Receivable	0	0	0	0	2,906	15,831	1,582	5,186	4,850	1,769	30,747	12,584	8,358	21,846	29,354
Pre-Tax Profit	1,276,137	450,289	1,604,614	578,017	1,153,430	1,908,602	1,320,048	577,445	2,499,904	632,220	-1,584,575	700,266	198,264	-778,081	1,405,812
Tax	25,863	-30,878	-39,808	19,023	-64,897	-55,170	-138,421	-170,442	-487,557	85,076	158,680	-150,954	-51,500	205,245	-310,793
Profit After Tax	1,302,000	419,411	1,564,806	597,040	1,088,533	1,853,432	1,181,627	407,003	2,012,347	717,296	-1,425,895	549,312	146,764	-572,836	1,095,019
Dividends Paid	0	371,000	371,000	0	500,000	0	0	700,000	0	0	0	0	0	400,000	400,000
Retained Profit	1,302,000	48,411	1,193,806	597,040	588,533	1,853,432	1,181,627	-292,137	2,012,347	717,296	-1,425,895	549,312	146,764	-972,836	695,019
Employee Costs	3,954,953	2,393,684	2,589,599	2,096,340	2,177,920	2,492,917	2,193,306	1,805,910	1,652,000	1,206,123	1,254,859	1,263,454	1,102,035	1,028,699	1,053,932
Number Of Employees	65	53	48	45	46	47	45	33	30	35	31	32	34	29	33
EBITDA*	978,844	29,010	463,862	258,913	486,055	427,263	854,796	221,518	2,697,093	905,852	-1,528,733	766,316	286,731	1,292,736	1,543,882

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 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	169,596	135,125	68,566	54,914	67,630	61,207	44,650	59,661	28,314	52,010	73,861	90,559	55,359	96,426	100,415
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	3,191,497	1,983,323	1,872,175	4,047,647	3,461,368	2,678,195	1,083,379	452,167	287,016	0	2,337,503	2,337,503	2,337,500	2,337,500	0
Debtors (Due After 1 year)	48,985	48,985	48,985	178,500	116,277	165,042	208,419	294,996	381,912	476,138	505,456	628,187	537,602	545,076	57,000
Total Fixed Assets	3,410,078	2,167,433	1,989,726	4,281,061	3,645,275	2,904,444	1,336,448	806,824	697,242	528,148	2,916,820	3,056,249	2,930,461	2,979,002	157,415
Stock & work in progress	29,855,791	26,810,400	21,590,907	25,315,276	18,287,191	11,618,010	13,204,719	17,491,388	8,540,206	14,776,688	6,498,955	8,172,361	6,337,406	6,021,618	6,140,835
Trade Debtors	660,346	546,479	847,411	229,324	348,409	738,942	298,794	347,707	697,860	454,271	342,242	141,116	149,287	186,459	34,528
Group Debtors	5,716,893	2,302,712	2,282,585	3,674,734	3,692,320	3,149,692	2,458,030	2,563,346	2,944,840	1,367,765	2,700,828	1,134,312	1,134,537	1,584,260	4,496,940
Misc Debtors	1,963,015	1,184,226	1,590,907	1,163,065	898,487	746,921	906,475	1,050,161	275,303	491,669	480,197	259,767	120,207	85,168	58,420
Cash	6,084,500	7,641,662	10,351,818	8,585,980	8,297,057	7,302,807	4,906,178	4,239,072	5,205,952	5,259,188	510,276	1,228,616	862,221	121,603	965,287
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	44,280,545	38,485,479	36,663,628	38,968,379	31,523,464	23,556,372	21,774,196	25,691,674	17,664,161	22,349,581	10,532,498	10,936,172	8,603,658	7,999,108	11,696,010
total assets	47,690,623	40,652,912	38,653,354	43,249,440	35,168,739	26,460,816	23,110,644	26,498,498	18,361,403	22,877,729	13,449,318	13,992,421	11,534,119	10,978,110	11,853,425
Bank overdraft	0	0	0	0	0	0	0	0	0	0	367,996	766,500	296,454	0	0
Bank loan	11,464,923	7,525,017	6,017,472	7,999,999	2,410,524	2,876,003	2,007,621	4,632,299	1,251,262	1,946,660	0	0	0	0	0
Trade Creditors	6,300,740	5,267,146	3,302,540	3,066,432	2,620,346	1,493,003	2,174,343	2,362,176	1,977,456	1,583,201	855,100	1,039,631	382,424	254,470	482,094
Group/Directors Accounts	5,598,875	4,400,392	4,632,250	7,915,466	6,857,916	1,753,755	56,338	0	0	307,520	1,996,840	187,762	22,983	15,434	0
other short term finances	1,903,668	1,870,960	2,811,931	3,834,862	1,205,004	0	0	0	0	2,559,403	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	4,325,341	4,764,357	4,567,095	4,338,766	6,578,744	5,418,383	2,696,958	3,864,506	2,923,418	3,217,020	1,113,624	1,329,914	721,332	772,475	472,290
total current liabilities	29,593,547	23,827,872	21,331,288	27,155,525	19,672,534	11,541,144	6,935,260	10,858,981	6,152,136	9,613,804	4,333,560	3,323,807	1,423,193	1,042,379	954,384
loans	0	0	0	0	0	0	0	0	0	550,000	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,073,955	3,708,955	0	0	0	0	0	0	0
provisions	78,200	108,164	69,989	35,644	34,974	46,974	82,163	89,193	53,500	35,400	13,303	10,319	1,943	4,699	10,767
total long term liabilities	78,200	108,164	69,989	35,644	34,974	46,974	3,156,118	3,798,148	53,500	585,400	13,303	10,319	1,943	4,699	10,767
total liabilities	29,671,747	23,936,036	21,401,277	27,191,169	19,707,508	11,588,118	10,091,378	14,657,129	6,205,636	10,199,204	4,346,863	3,334,126	1,425,136	1,047,078	965,151
net assets	18,018,876	16,716,876	17,252,077	16,058,271	15,461,231	14,872,698	13,019,266	11,837,639	12,155,767	10,143,420	9,102,455	10,658,295	10,108,983	9,931,032	10,888,274
total shareholders funds	18,018,876	16,716,876	17,252,077	16,058,271	15,461,231	14,872,698	13,019,266	11,837,639	12,155,767	10,143,420	9,102,455	10,658,295	10,108,983	9,931,032	10,888,274

	Sep 2023	Sep 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	926,480	2,745	436,935	230,347	456,428	407,603	834,001	198,925	2,670,525	873,506	-1,564,016	735,341	245,664	1,237,822	1,479,483
Depreciation	52,364	26,265	26,927	28,566	29,627	19,660	20,795	22,593	26,568	32,346	35,283	30,975	41,067	54,914	64,399
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	25,863	-30,878	-39,808	19,023	-64,897	-55,170	-138,421	-170,442	-487,557	85,076	158,680	-150,954	-51,500	205,245	-310,793
Stock	3,045,391	5,219,493	-3,724,369	7,028,085	6,669,181	-1,586,709	-4,286,669	8,951,182	-6,236,482	8,277,733	-1,673,406	1,834,955	315,788	-119,217	6,140,835
Debtors	4,306,837	-687,486	-475,735	190,130	254,896	928,879	-384,492	-43,705	1,510,072	-1,238,880	1,865,341	221,749	-459,330	-2,245,925	4,646,888
Creditors	1,033,594	1,964,606	236,108	446,086	1,127,343	-681,340	-187,833	384,720	394,255	728,101	-184,531	657,207	127,954	-227,624	482,094
Accruals and Deferred Income	-439,016	197,262	228,329	-2,239,978	1,160,361	2,721,425	-1,167,548	941,088	-293,602	2,103,396	-216,290	608,582	-51,143	300,185	472,290
Deferred Taxes & Provisions	-29,964	38,175	34,345	670	-12,000	-35,189	-7,030	35,693	18,100	22,097	2,984	8,376	-2,756	-6,068	10,767
Cash flow from operations	-5,782,907	-2,333,832	5,122,940	-8,733,501	-4,227,215	3,034,819	4,025,125	-7,494,900	7,054,699	-3,194,331	-1,959,825	-167,177	452,828	3,929,616	-8,589,483
Investing Activities
capital expenditure	0	0	0	0	0	-36,217	-10,384	129,233	-3,464	-10,495	-19,108	-42,592	0	-29,864	23,650
Change in Investments	1,208,174	111,148	-2,175,472	586,279	783,173	1,594,816	631,212	165,151	287,016	-2,337,503	0	3	0	2,337,500	0
cash flow from investments	-1,208,174	-111,148	2,175,472	-586,279	-783,173	-1,631,033	-641,596	-35,918	-290,480	2,327,008	-19,108	-42,595	0	-2,367,364	23,650
Financing Activities
Bank loans	3,939,906	1,507,545	-1,982,527	5,589,475	-465,479	868,382	-2,624,678	3,381,037	-695,398	1,946,660	0	0	0	0	0
Group/Directors Accounts	1,198,483	-231,858	-3,283,216	1,057,550	5,104,161	1,697,417	56,338	0	-307,520	-1,689,320	1,809,078	164,779	7,549	15,434	0
Other Short Term Loans	32,708	-940,971	-1,022,931	2,629,858	1,205,004	0	0	0	-2,559,403	2,559,403	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-550,000	550,000	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-3,073,955	-635,000	3,708,955	0	0	0	0	0	0	0
share issue	0	-583,612	0	0	0	0	0	-25,991	0	323,669	-129,945	0	31,187	15,594	10,193,255
interest	-858,466	-247,214	-148,484	-238,609	-86,171	-93,817	-145,165	-148,643	-175,301	-241,286	-20,559	-35,075	-47,400	-53,319	-73,671
cash flow from financing	4,312,631	-496,110	-6,437,158	9,038,274	5,757,515	-601,973	-3,348,505	6,915,358	-4,287,622	3,449,126	1,658,574	129,704	-8,664	-22,291	10,119,584
cash and cash equivalents
cash	-1,557,162	-2,710,156	1,765,838	288,923	994,250	2,396,629	667,106	-966,880	-53,236	4,748,912	-718,340	366,395	740,618	-843,684	965,287
overdraft	0	0	0	0	0	0	0	0	0	-367,996	-398,504	470,046	296,454	0	0
change in cash	-1,557,162	-2,710,156	1,765,838	288,923	994,250	2,396,629	667,106	-966,880	-53,236	5,116,908	-319,836	-103,651	444,164	-843,684	965,287

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 devonshire homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in EX16 area or any other competitors across 12 key performance metrics.

DEVONSHIRE HOMES LIMITED group structure

Devonshire Homes Limited has 13 subsidiary companies.

Ultimate parent company

LONDON & DEVONSHIRE TRUST LIMITED

01784931

1 parent

DEVONSHIRE HOMES LIMITED

02769742

13 subsidiaries

DEVONSHIRE HOMES (MABE) LIMITED

14540773

DEVONSHIRE HOMES (BODMIN) LIMITED

15787364

DEVONSHIRE HOMES (LANDKEY) LIMITED

10480997

DEVONSHIRE HOMES (DEVELOPMENTS) LIMITED

09919470

DEVONSHIRE HOMES (BRACKEN) LIMITED

07319122

SUN HOUSES OWNERS LTD

10337381

DEVONSHIRE HOMES (AXMINSTER) LIMITED

08253795

DEVONSHIRE HOMES (BELMONT) LIMITED

08137018

DEVONSHIRE HOMES (ILFRACOMBE) LIMITED

14232120

DEVONSHIRE HOMES (RGI) LIMITED

14571782

DEVONSHIRE HOMES (LONGSTON 2) LIMITED

15327316

GOTHAM GROUNDWORKS LIMITED

08320225

DEVONSHIRE HOMES (ST AUSTELL) LIMITED

10481177

DEVONSHIRE HOMES LIMITED Shareholders

london & devonshire trust ltd

100%

Devonshire Homes Limited currently has 8 directors. The longest serving directors include Mr Guy Langworthy (Dec 1992) and Mr David Heathcoat Amory (Jul 2008).

officer	country	age	start	end	role
Mr Guy Langworthy	England	64 years	Dec 1992	-	Director
Mr David Heathcoat Amory		75 years	Jul 2008	-	Director
Mr Owen O'Callaghan	United Kingdom	61 years	Mar 2012	-	Director
Mr Owen O'Callaghan	England	61 years	Mar 2012	-	Director
Mrs Jane Pearce	England	56 years	Feb 2015	-	Director
Mr Angus Cook	England	48 years	Nov 2021	-	Director
Mr Nigel Bowditch	England	50 years	Apr 2024	-	Director
Mr Maxwell Pitcher	England	51 years	Nov 2024	-	Director

P&L

September 2023

turnover

40.9m

+42%

operating profit

926.5k

+33652%

gross margin

11.5%

+36.73%

turnover

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

Balance Sheet

September 2023

net assets

18m

+0.08%

total assets

47.7m

+0.17%

cash

6.1m

-0.2%

net assets

Total assets minus all liabilities

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company number

02769742

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

December 1992

ultimate parent company

LONDON & DEVONSHIRE TRUST LIMITED

previous names

langworthy construction limited (October 2001)

address

gotham house hammett square, phoenix lane, tiverton, devon, EX16 6LT

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 27 charges/mortgages relating to devonshire homes limited. Currently there are 13 open charges and 14 have been satisfied in the past.

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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devonshire homes limited Company Information

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devonshire homes limited Estimated Valuation

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