ductwork by design limited

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ductwork by design limited Company Information

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Company Number

03188049

Directors

Paul Etty

Shareholders

elaine etty

paul etty

Group Structure

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Industry

Manufacture of other fabricated metal products n.e.c.

 

Registered Address

unit 2.02 high weald house, glovers end, bexhill, east sussex, TN39 5ES

ductwork by design limited Estimated Valuation

£498.1k

Pomanda estimates the enterprise value of DUCTWORK BY DESIGN LIMITED at £498.1k based on a Turnover of £1m and 0.5x industry multiple (adjusted for size and gross margin).

ductwork by design limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of DUCTWORK BY DESIGN LIMITED at £1.1m based on an EBITDA of £295.3k and a 3.89x industry multiple (adjusted for size and gross margin).

ductwork by design limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of DUCTWORK BY DESIGN LIMITED at £2.8m based on Net Assets of £1.4m and 1.96x industry multiple (adjusted for liquidity).

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Ductwork By Design Limited Overview

Ductwork By Design Limited is a live company located in bexhill, TN39 5ES with a Companies House number of 03188049. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in April 1996, it's largest shareholder is elaine etty with a 50% stake. Ductwork By Design Limited is a mature, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.

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Ductwork By Design Limited Health Check

Pomanda's financial health check has awarded Ductwork By Design Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £1m, make it smaller than the average company (£13.9m)

£1m - Ductwork By Design Limited

£13.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (9.6%)

-21% - Ductwork By Design Limited

9.6% - Industry AVG

production

Production

with a gross margin of 29.2%, this company has a comparable cost of product (29.2%)

29.2% - Ductwork By Design Limited

29.2% - Industry AVG

profitability

Profitability

an operating margin of 28.1% make it more profitable than the average company (6.5%)

28.1% - Ductwork By Design Limited

6.5% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (81)

1 - Ductwork By Design Limited

81 - Industry AVG

paystructure

Pay Structure

on an average salary of £41k, the company has an equivalent pay structure (£41k)

£41k - Ductwork By Design Limited

£41k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1m, this is more efficient (£154.8k)

£1m - Ductwork By Design Limited

£154.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 125 days, this is later than average (59 days)

125 days - Ductwork By Design Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 71 days, this is slower than average (44 days)

71 days - Ductwork By Design Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is less than average (68 days)

23 days - Ductwork By Design Limited

68 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (15 weeks)

54 weeks - Ductwork By Design Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 17.7%, this is a lower level of debt than the average (46.1%)

17.7% - Ductwork By Design Limited

46.1% - Industry AVG

DUCTWORK BY DESIGN LIMITED financials

EXPORTms excel logo

Ductwork By Design Limited's latest turnover from March 2024 is estimated at £1 million and the company has net assets of £1.4 million. According to their latest financial statements, Ductwork By Design Limited has 1 employee and maintains cash reserves of £301.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover1,003,1611,066,4341,816,8052,034,6352,103,3311,619,3281,918,0902,485,4741,720,2742,235,4411,707,8772,311,5112,559,2983,202,6222,272,209
Other Income Or Grants
Cost Of Sales710,196760,6171,279,9671,453,9071,482,3981,138,4051,349,8051,715,8611,181,4601,520,5021,192,2101,610,5351,793,0382,230,2021,559,845
Gross Profit292,965305,816536,838580,728620,933480,924568,284769,612538,815714,938515,668700,976766,261972,420712,364
Admin Expenses11,054109,137481,231647,777364,024316,768643,251336,910193,771560,078595,533834,010693,848679,968794,786-55,540
Operating Profit281,911196,67955,607-67,049256,909164,156-74,967432,702345,044154,860-79,865-133,03472,413292,452-82,42255,540
Interest Payable2,3863,2705,6996,0144,5182,7251,708
Interest Receivable18,85219,36512,3986996753,3343,6301,3971,1111,7841,7401,7351,9542,5982,5591,162
Pre-Tax Profit298,377212,77562,306-72,364253,067164,765-73,045434,099346,155156,644-78,125-131,29974,367295,050-79,86356,703
Tax-74,594-40,427-11,838-48,083-31,305-82,479-69,231-31,329-17,848-76,713-15,877
Profit After Tax223,783172,34850,468-72,364204,984133,460-73,045351,620276,924125,315-78,125-131,29956,519218,337-79,86340,826
Dividends Paid
Retained Profit223,783172,34850,468-72,364204,984133,460-73,045351,620276,924125,315-78,125-131,29956,519218,337-79,86340,826
Employee Costs41,008308,720663,143671,747679,886672,049545,333331,860493,939607,411472,491624,050673,831862,135665,540
Number Of Employees1818191919161015191520222923
EBITDA*295,329200,72366,094-54,071270,759172,099-63,498444,666355,953163,006-70,673-121,79682,930304,527-68,20570,779

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets74,64976,76745,66157,31364,16148,84559,53065,33159,17046,86044,88951,62863,28261,75873,51775,465
Intangible Assets
Investments & Other414,333318,333250,725124,392
Debtors (Due After 1 year)
Total Fixed Assets74,64976,76745,66157,31364,16148,845473,863383,664309,895171,25244,88951,62863,28261,75873,51775,465
Stock & work in progress46,55752,66675,06399,08946,58337,49738,05438,75036,03933,71234,84933,75937,50240,91230,47339,411
Trade Debtors344,941297,287490,166478,266556,061380,319533,863820,041484,369523,616427,356525,851625,721754,756374,027252,688
Group Debtors926,289621,131261,533261,533261,533
Misc Debtors32,05321,06222,60944,5092,147263,118266,9244,236400
Cash301,111417,078494,237607,837790,205560,040328,987639,131478,180410,266303,153392,766301,173480,523558,501464,943
misc current assets1,44011,75717,62818,496
total current assets1,650,9511,409,2241,343,6081,491,2341,656,5291,240,9741,169,2681,513,9151,016,616986,090765,358952,376964,3961,276,191963,001757,042
total assets1,725,6001,485,9911,389,2691,548,5471,720,6901,289,8191,643,1311,897,5791,326,5111,157,342810,2471,004,0041,027,6781,337,9491,036,518832,507
Bank overdraft37,60250,97117,08253,57730,11750,620
Bank loan
Trade Creditors 138,636137,798207,347422,715261,936236,609341,071537,684278,424581,784409,790596,917616,277949,600873,187781,379
Group/Directors Accounts
other short term finances
hp & lease commitments2,078
other current liabilities110,611138,07789,97762,390282,835171,03780,292213,951298,648
total current liabilities286,849275,875348,295502,187598,348437,763471,983751,635579,150581,784409,790596,917616,277949,600873,187781,379
loans4,8108,01662,08864,428
hp & lease commitments
Accruals and Deferred Income
other liabilities78,76275,181124,756320,190367,489296,009167,692200,000200,000
provisions18,6639,0019,00110,78312,06111,18710,97712,30911,7717,4586,3736,3587,6908,8492,16810,102
total long term liabilities18,66313,81117,01772,87176,48911,18789,73987,490136,527327,648373,862302,367175,382208,849202,16810,102
total liabilities305,512289,686365,312575,058674,837448,950561,722839,125715,677909,432783,652899,284791,6591,158,4491,075,355791,481
net assets1,420,0881,196,3051,023,957973,4891,045,853840,8691,081,4091,058,454610,834247,91026,595104,720236,019179,500-38,83741,026
total shareholders funds1,420,0881,196,3051,023,957973,4891,045,853840,8691,081,4091,058,454610,834247,91026,595104,720236,019179,500-38,83741,026
Mar 2024Mar 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit281,911196,67955,607-67,049256,909164,156-74,967432,702345,044154,860-79,865-133,03472,413292,452-82,42255,540
Depreciation13,4184,04410,48712,97813,8507,94311,46911,96410,9098,1469,19211,23810,51712,07514,21715,239
Amortisation
Tax-74,594-40,427-11,838-48,083-31,305-82,479-69,231-31,329-17,848-76,713-15,877
Stock-6,109-22,397-24,02652,5069,086-557-6962,7112,327-1,1371,090-3,743-3,41010,439-8,93839,411
Debtors363,803165,172-10,000-35,433176,304-157,350-23,490339,508-38,84796,260-98,495-99,870-129,035380,729121,339252,688
Creditors838-69,549-215,368160,77925,327-104,462-196,613259,260-303,360171,994-187,127-19,360-333,32376,41391,808781,379
Accruals and Deferred Income-27,46648,10027,587-220,445111,79890,745-133,659-84,697298,648
Deferred Taxes & Provisions9,662-1,782-1,278874210-1,3325384,3131,08515-1,332-1,1596,681-7,93410,102
Cash flow from operations-153,925-3,928-101,281-132,088175,285285,194-370,916195,069322,843209,633-160,380-38,875-136,955-80,260-96,732554,284
Investing Activities
capital expenditure-11,300-35,1501,165-6,130-29,1662,742-5,668-18,125-23,219-10,117-2,453416-12,041-316-12,269-90,704
Change in Investments-414,33396,00067,608126,333124,392
cash flow from investments-11,300-35,1501,165-6,130-29,166417,075-101,668-85,733-149,552-134,509-2,453416-12,041-316-12,269-90,704
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-4,810-3,206-54,072-2,34064,428
Hire Purchase and Lease Commitments-2,0782,078
other long term liabilities-78,7623,581-49,575-195,434-47,29971,480128,317-32,308200,000
share issue-374,00096,00096,00086,00096,000200
interest16,46616,0956,699-5,315-3,8436091,9221,3971,1111,7841,7401,7351,9542,5982,5591,162
cash flow from financing11,65612,889-47,373-7,65560,585-452,153101,50345,744-106,24550,48573,220130,052-30,3542,598202,5591,362
cash and cash equivalents
cash-115,967-77,159-113,600-182,368230,165231,053-310,144160,95167,914107,113-89,61391,593-179,350-77,97893,558464,943
overdraft37,602-50,97133,889-36,49523,460-20,50350,620
change in cash-153,569-26,188-147,489-145,873206,705251,556-360,764160,95167,914107,113-89,61391,593-179,350-77,97893,558464,943

ductwork by design 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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Ductwork By Design Limited Competitor Analysis

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Perform a competitor analysis for ductwork by design limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in TN39 area or any other competitors across 12 key performance metrics.

ductwork by design limited Ownership

DUCTWORK BY DESIGN LIMITED group structure

Ductwork By Design Limited has no subsidiary companies.

Ultimate parent company

DUCTWORK BY DESIGN LIMITED

03188049

DUCTWORK BY DESIGN LIMITED Shareholders

elaine etty 50%
paul etty 50%

ductwork by design limited directors

Ductwork By Design Limited currently has 1 director, Mr Paul Etty serving since Jan 2008.

officercountryagestartendrole
Mr Paul EttyUnited Kingdom55 years Jan 2008- Director

P&L

March 2024

turnover

1m

-6%

operating profit

281.9k

0%

gross margin

29.3%

+1.84%

turnover

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

Balance Sheet

March 2024

net assets

1.4m

+0.19%

total assets

1.7m

+0.16%

cash

301.1k

-0.28%

net assets

Total assets minus all liabilities

ductwork by design limited company details

company number

03188049

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

April 1996

age

29

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

ACUITY PROFESSIONAL PARTNERSHIP LLP

auditor

-

address

unit 2.02 high weald house, glovers end, bexhill, east sussex, TN39 5ES

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

ductwork by design 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 ductwork by design limited.

ductwork by design limited Capital Raised & Share Issues BETA

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ductwork by design limited Companies House Filings - See Documents

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