double overhead limited
double overhead limited Company Information
Company Number
03207202
Website
doubleoverhead.co.ukRegistered Address
menzies llp, 5th floor, hodge house, cardiff, CF10 1DY
Industry
Wholesale of clothing and footwear
Telephone
-
Next Accounts Due
2037 days late
Group Structure
View All
Directors
Bradley Hockridge25 Years
Shareholders
bradley john hockridge 100%
double overhead limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE OVERHEAD LIMITED at £95.4k based on a Turnover of £274k and 0.35x industry multiple (adjusted for size and gross margin).
double overhead limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE OVERHEAD LIMITED at £798.9k based on an EBITDA of £200.6k and a 3.98x industry multiple (adjusted for size and gross margin).
double overhead limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE OVERHEAD LIMITED at £267.1k based on Net Assets of £140.6k and 1.9x industry multiple (adjusted for liquidity).
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Double Overhead Limited Overview
Double Overhead Limited is a live company located in cardiff, CF10 1DY with a Companies House number of 03207202. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in June 1996, it's largest shareholder is bradley john hockridge with a 100% stake. Double Overhead Limited is a mature, micro sized company, Pomanda has estimated its turnover at £274k with declining growth in recent years.
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Double Overhead Limited Health Check
Pomanda's financial health check has awarded Double Overhead Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £274k, make it smaller than the average company (£12m)
- Double Overhead Limited
£12m - Industry AVG
Growth
3 year (CAGR) sales growth of -53%, show it is growing at a slower rate (2.5%)
- Double Overhead Limited
2.5% - Industry AVG
Production
with a gross margin of 29.9%, this company has a comparable cost of product (29.9%)
- Double Overhead Limited
29.9% - Industry AVG
Profitability
an operating margin of 40.8% make it more profitable than the average company (3.3%)
- Double Overhead Limited
3.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (44)
2 - Double Overhead Limited
44 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
- Double Overhead Limited
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £137k, this is less efficient (£266.9k)
- Double Overhead Limited
£266.9k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (52 days)
- Double Overhead Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (35 days)
- Double Overhead Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Double Overhead Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 157 weeks, this is more cash available to meet short term requirements (11 weeks)
157 weeks - Double Overhead Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.4%, this is a lower level of debt than the average (60.6%)
23.4% - Double Overhead Limited
60.6% - Industry AVG
DOUBLE OVERHEAD LIMITED financials
Double Overhead Limited's latest turnover from June 2017 is estimated at £274 thousand and the company has net assets of £140.6 thousand. According to their latest financial statements, Double Overhead Limited has 2 employees and maintains cash reserves of £130.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 74,555 | 87,240 | 82,941 | 83,046 | 91,656 | 99,611 | 112,324 |
| Intangible Assets | 0 | 34,636 | 43,636 | 40,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 109,191 | 130,876 | 122,941 | 83,046 | 91,656 | 99,611 | 112,324 |
| Stock & work in progress | 0 | 89,870 | 171,313 | 130,860 | 148,200 | 105,431 | 242,889 | 584,746 |
| Trade Debtors | 37,563 | 11,122 | 239,760 | 388,199 | 421,206 | 575,260 | 184,479 | 261,063 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 15,340 | 19,822 | 0 | 0 | 0 | 68,903 | 92,903 | 0 |
| Cash | 130,770 | 175,708 | 287,900 | 265,386 | 327,085 | 303,116 | 301,316 | 232,212 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 183,673 | 296,522 | 698,973 | 784,445 | 896,491 | 1,052,710 | 821,587 | 1,078,021 |
| total assets | 183,673 | 405,713 | 829,849 | 907,386 | 979,537 | 1,144,366 | 921,198 | 1,190,345 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 666 | 92,994 | 580,297 | 659,875 | 703,260 | 863,128 | 669,243 | 888,203 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 3,997 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 42,373 | 37,644 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 43,039 | 134,635 | 580,297 | 659,875 | 703,260 | 863,128 | 669,243 | 888,203 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 10,092 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 6,667 | 16,667 | 26,667 |
| other liabilities | 0 | 1,121 | 14,210 | 6,653 | 36,903 | 68,903 | 92,903 | 126,484 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 11,213 | 14,210 | 6,653 | 36,903 | 75,570 | 109,570 | 153,151 |
| total liabilities | 43,039 | 145,848 | 594,507 | 666,528 | 740,163 | 938,698 | 778,813 | 1,041,354 |
| net assets | 140,634 | 259,865 | 235,342 | 240,858 | 239,374 | 205,668 | 142,385 | 148,991 |
| total shareholders funds | 140,634 | 259,865 | 235,342 | 240,858 | 239,374 | 205,668 | 142,385 | 148,991 |
| Jun 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 75,327 | 16,678 | 15,134 | 9,489 | 9,743 | 10,262 | 12,962 | 12,925 |
| Amortisation | 13,500 | 9,000 | 1,364 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | -81,443 | 40,453 | -17,340 | 42,769 | -137,458 | -341,857 | 584,746 |
| Debtors | 52,903 | -208,816 | -148,439 | -33,007 | -222,957 | 366,781 | 16,319 | 261,063 |
| Creditors | 666 | -487,303 | -79,578 | -43,385 | -159,868 | 193,885 | -218,960 | 888,203 |
| Accruals and Deferred Income | 42,373 | 37,644 | 0 | 0 | -6,667 | -10,000 | -10,000 | 26,667 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 14,089 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -13,089 | 7,557 | -30,250 | -32,000 | -24,000 | -33,581 | 126,484 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 130,770 | -112,192 | 22,514 | -61,699 | 23,969 | 1,800 | 69,104 | 232,212 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 130,770 | -112,192 | 22,514 | -61,699 | 23,969 | 1,800 | 69,104 | 232,212 |
double overhead limited Credit Report and Business Information
Double Overhead Limited Competitor Analysis
Perform a competitor analysis for double overhead limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in CF10 area or any other competitors across 12 key performance metrics.
double overhead limited Ownership
DOUBLE OVERHEAD LIMITED group structure
Double Overhead Limited has no subsidiary companies.
Ultimate parent company
DOUBLE OVERHEAD LIMITED
03207202
double overhead limited directors
Double Overhead Limited currently has 1 director, Mr Bradley Hockridge serving since Apr 1999.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bradley Hockridge | United Kingdom | 60 years | Apr 1999 | - | Director |
P&L
June 2017turnover
274k
0%
operating profit
111.7k
0%
gross margin
29.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2017net assets
140.6k
0%
total assets
183.7k
0%
cash
130.8k
0%
net assets
Total assets minus all liabilities
double overhead limited company details
company number
03207202
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
incorporation date
June 1996
age
28
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2017
previous names
N/A
accountant
-
auditor
-
address
menzies llp, 5th floor, hodge house, cardiff, CF10 1DY
Bank
-
Legal Advisor
-
double overhead 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 found 3 charges/mortgages relating to double overhead limited. Currently there are 2 open charges and 1 have been satisfied in the past.
double overhead limited Companies House Filings - See Documents
| date | description | view/download |
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