desrate limited
desrate limited Company Information
Company Number
02972336
Website
-Registered Address
c/o 360 insolvency limited joine, the historic dockyard, chatham, kent, ME4 4TZ
Industry
Other personal service activities n.e.c.
Telephone
-
Next Accounts Due
1385 days late
Group Structure
View All
Directors
William Bergh6 Years
Shareholders
william gerard bergh 100%
desrate limited Estimated Valuation
Pomanda estimates the enterprise value of DESRATE LIMITED at £175.4k based on a Turnover of £162.5k and 1.08x industry multiple (adjusted for size and gross margin).
desrate limited Estimated Valuation
Pomanda estimates the enterprise value of DESRATE LIMITED at £0 based on an EBITDA of £-63.1k and a 7.04x industry multiple (adjusted for size and gross margin).
desrate limited Estimated Valuation
Pomanda estimates the enterprise value of DESRATE LIMITED at £0 based on Net Assets of £-14.7k and 2.03x industry multiple (adjusted for liquidity).
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Desrate Limited Overview
Desrate Limited is a live company located in chatham, ME4 4TZ with a Companies House number of 02972336. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in September 1994, it's largest shareholder is william gerard bergh with a 100% stake. Desrate Limited is a mature, micro sized company, Pomanda has estimated its turnover at £162.5k with healthy growth in recent years.
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Desrate Limited Health Check
Pomanda's financial health check has awarded Desrate Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £162.5k, make it smaller than the average company (£882.7k)
£162.5k - Desrate Limited
£882.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.1%)
10% - Desrate Limited
4.1% - Industry AVG
Production
with a gross margin of 98.8%, this company has a lower cost of product (39.5%)
98.8% - Desrate Limited
39.5% - Industry AVG
Profitability
an operating margin of -39% make it less profitable than the average company (6.4%)
-39% - Desrate Limited
6.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (16)
- Desrate Limited
16 - Industry AVG
Pay Structure
on an average salary of £28.2k, the company has an equivalent pay structure (£28.2k)
- Desrate Limited
£28.2k - Industry AVG
Efficiency
resulting in sales per employee of £81.2k, this is equally as efficient (£83.3k)
- Desrate Limited
£83.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Desrate Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 3070 days, this is slower than average (39 days)
3070 days - Desrate Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Desrate Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is average cash available to meet short term requirements (37 weeks)
32 weeks - Desrate Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 139.1%, this is a higher level of debt than the average (48.8%)
139.1% - Desrate Limited
48.8% - Industry AVG
DESRATE LIMITED financials
Desrate Limited's latest turnover from December 2018 is £162.5 thousand and the company has net assets of -£14.7 thousand. According to their latest financial statements, we estimate that Desrate Limited has 2 employees and maintains cash reserves of £32.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 162,491 | 131,244 | 166,206 | 121,247 | 100,130 | 78,480 | 75,543 | 66,053 | 64,770 | 44,103 |
| Other Income Or Grants | 0 | 0 | 0 | |||||||
| Cost Of Sales | 2,000 | 0 | 0 | |||||||
| Gross Profit | 160,491 | 131,244 | 100,130 | |||||||
| Admin Expenses | 223,893 | 147,432 | 50,693 | |||||||
| Operating Profit | -63,402 | -16,188 | 4,846 | 11,613 | 49,437 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -63,402 | -16,188 | 4,846 | 11,613 | 49,437 | 24,819 | 10,291 | -10,825 | 17,197 | -285 |
| Tax | 0 | 0 | -837 | -2,322 | -9,887 | -4,963 | 0 | 0 | -3,631 | 0 |
| Profit After Tax | -63,402 | -16,188 | 4,009 | 9,291 | 39,550 | 19,856 | 10,291 | -10,825 | 13,566 | -285 |
| Dividends Paid | 0 | 0 | 5,000 | 0 | 25,000 | 0 | 0 | 0 | 20,000 | 0 |
| Retained Profit | -63,402 | -16,188 | -991 | 9,291 | 14,550 | 19,856 | 10,291 | -10,825 | -6,434 | -285 |
| Employee Costs | 4,800 | 4,800 | ||||||||
| Number Of Employees | 2 | 2 | ||||||||
| EBITDA* | -63,121 | -15,889 | 5,020 | 11,613 | 49,437 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 371 | 651 | 521 | 0 | 0 | 0 | 0 | 0 | 68 | 125 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 371 | 651 | 521 | 0 | 0 | 0 | 0 | 0 | 68 | 125 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,293 | 4,570 | 3,099 | 0 | 22,500 | 17,500 | 12,500 | 8,125 | 8,125 | 15,843 |
| Cash | 32,798 | 76,600 | 139,676 | 194,031 | 137,783 | 96,447 | 32,679 | 24,940 | 29,960 | 27,096 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 37,091 | 81,170 | 142,775 | 194,031 | 160,283 | 113,947 | 45,179 | 33,065 | 38,085 | 42,939 |
| total assets | 37,462 | 81,821 | 143,296 | 194,031 | 160,283 | 113,947 | 45,179 | 33,065 | 38,153 | 43,064 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 16,825 | 7,415 | 33,005 | 80,380 | 31,417 | 32,353 | 11,988 | 15,988 | 11,583 | 2,509 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 59,485 | 34,485 | 11,065 | 5,242 | 279 | 11,461 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 35,297 | 25,762 | 45,459 | 47,828 | 12,849 | 5,127 | 0 | 0 | 3,631 | 0 |
| total current liabilities | 52,122 | 33,177 | 78,464 | 128,208 | 103,751 | 71,965 | 23,053 | 21,230 | 15,493 | 13,970 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 52,122 | 33,177 | 78,464 | 128,208 | 103,751 | 71,965 | 23,053 | 21,230 | 15,493 | 13,970 |
| net assets | -14,660 | 48,644 | 64,832 | 65,823 | 56,532 | 41,982 | 22,126 | 11,835 | 22,660 | 29,094 |
| total shareholders funds | -14,660 | 48,644 | 64,832 | 65,823 | 56,532 | 41,982 | 22,126 | 11,835 | 22,660 | 29,094 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -63,402 | -16,188 | 4,846 | 11,613 | 49,437 | |||||
| Depreciation | 281 | 299 | 174 | 0 | 0 | 0 | 68 | 190 | 199 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | -837 | -2,322 | -9,887 | -4,963 | 0 | 0 | -3,631 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -277 | 1,471 | 3,099 | -22,500 | 5,000 | 5,000 | 4,375 | 0 | -7,718 | 15,843 |
| Creditors | 9,410 | -25,590 | -47,375 | 48,963 | -936 | 20,365 | -4,000 | 4,405 | 9,074 | 2,509 |
| Accruals and Deferred Income | 9,535 | -19,697 | -2,369 | 34,979 | 7,722 | 5,127 | 0 | -3,631 | 3,631 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -43,899 | -62,647 | -48,660 | 115,733 | 41,336 | |||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -59,485 | 25,000 | 23,420 | 5,823 | 4,963 | -11,182 | 11,461 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 98 | 0 | 0 | -59,485 | 23,420 | 5,823 | 4,963 | -11,182 | 40,840 | |
| cash and cash equivalents | ||||||||||
| cash | -43,802 | -63,076 | -54,355 | 56,248 | 41,336 | 63,768 | 7,739 | -5,020 | 2,864 | 27,096 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -43,802 | -63,076 | -54,355 | 56,248 | 41,336 | 63,768 | 7,739 | -5,020 | 2,864 | 27,096 |
desrate limited Credit Report and Business Information
Desrate Limited Competitor Analysis
Perform a competitor analysis for desrate limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in ME4 area or any other competitors across 12 key performance metrics.
desrate limited Ownership
DESRATE LIMITED group structure
Desrate Limited has no subsidiary companies.
Ultimate parent company
DESRATE LIMITED
02972336
desrate limited directors
Desrate Limited currently has 1 director, Mr William Bergh serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Bergh | England | 84 years | Feb 2018 | - | Director |
P&L
December 2018turnover
162.5k
+24%
operating profit
-63.4k
+292%
gross margin
98.8%
-1.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-14.7k
-1.3%
total assets
37.5k
-0.54%
cash
32.8k
-0.57%
net assets
Total assets minus all liabilities
desrate limited company details
company number
02972336
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
September 1994
age
30
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2018
previous names
N/A
accountant
EXSUS UK LTD
auditor
-
address
c/o 360 insolvency limited joine, the historic dockyard, chatham, kent, ME4 4TZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
desrate 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 did not find charges/mortgages relating to desrate limited.
desrate limited Companies House Filings - See Documents
| date | description | view/download |
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