Devonshire Development Limited

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devonshire development limited Company Information

Live

MatureMidDeclining

Company Number

03595287

Website

www.devonshiredevelopment.co.uk

Registered Address

higgison house, 381-383 city road, london, EC1V 1NA

Industry

Development of building projects

Telephone

Next Accounts Due

40 days late

Group Structure

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Directors

Ricky Sandhu26 Years

Sundeep Sandhu1 Years

Shareholders

ricky sernjeet sandhu 100%

devonshire development limited Estimated Valuation

£7.7m

Pomanda estimates the enterprise value of DEVONSHIRE DEVELOPMENT LIMITED at £7.7m based on a Turnover of £12.2m and 0.63x industry multiple (adjusted for size and gross margin).

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Devonshire Development Limited is a live company located in london, EC1V 1NA with a Companies House number of 03595287. It operates in the development of building projects sector, SIC Code 41100. Founded in July 1998, it's largest shareholder is ricky sernjeet sandhu with a 100% stake. Devonshire Development Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Devonshire Development Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £12.2m, make it larger than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (1.8%)

EXPORT

Devonshire Development Limited's latest turnover from December 2022 is estimated at £12.2 million and the company has net assets of £171.7 thousand. According to their latest financial statements, Devonshire Development Limited has 8 employees and maintains cash reserves of £99.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 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	12,236,996	12,561,422	24,125,337	16,361,828	11,912,165	11,401,342	11,760,597	11,946,794	10,881,413	10,510,204	7,844,198	5,064,731	4,477,503	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,061,861	9,576,929	18,221,591	12,109,806	8,598,982	8,050,503	8,187,241	8,375,474	7,746,786	7,474,471	5,621,706	3,685,303	3,256,602	0
Gross Profit	3,175,135	2,984,493	5,903,747	4,252,023	3,313,184	3,350,839	3,573,356	3,571,321	3,134,627	3,035,733	2,222,493	1,379,429	1,220,902	0
Admin Expenses	3,000,002	3,066,660	5,878,060	4,174,694	3,243,859	3,294,455	3,376,555	3,530,312	3,127,080	3,059,159	2,188,877	961,575	1,494,244	247,298
Operating Profit	175,133	-82,167	25,687	77,329	69,325	56,384	196,801	41,009	7,547	-23,426	33,616	417,854	-273,342	-247,298
Interest Payable	15,831	14,314	11,460	7,103	7,688	8,173	7,091	3,289	0	0	0	0	0	0
Interest Receivable	2,108	27	2	122	281	383	170	70	39	44	8	2	245	245
Pre-Tax Profit	161,410	-96,454	14,228	70,348	61,919	48,594	189,880	37,789	7,586	-23,382	33,624	417,855	-273,097	-247,053
Tax	-30,668	0	-2,703	-13,366	-11,765	-9,233	-37,976	-7,558	-1,593	0	-8,070	-108,642	0	0
Profit After Tax	130,742	-96,454	11,525	56,982	50,154	39,361	151,904	30,231	5,993	-23,382	25,554	309,213	-273,097	-247,053
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	130,742	-96,454	11,525	56,982	50,154	39,361	151,904	30,231	5,993	-23,382	25,554	309,213	-273,097	-247,053
Employee Costs	377,231	320,132	358,734	316,572	441,941	476,320	340,112	291,547	1,494,644	1,457,616	1,120,312	780,422	726,498	0
Number Of Employees	8	7	8	7	10	11	8	7	38	39	31	22	21	0
EBITDA*	176,026	-80,697	28,571	81,147	72,026	57,721	197,212	41,779	8,403	-22,729	34,761	421,354	-268,702	-241,978

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 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	28,391	29,284	30,315	32,740	30,611	29,033	27,178	27,590	28,359	27,749	17,544	18,689	22,190	25,153
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	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	0	0	0	0
Total Fixed Assets	28,391	29,284	30,315	32,740	30,611	29,033	27,178	27,590	28,359	27,749	17,544	18,689	22,190	25,153
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,982,370	2,093,471	4,285,519	2,292,909	1,610,506	1,379,614	1,690,362	1,651,864	946,317	941,404	716,336	437,042	263,800	311,127
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,927,107	1,672,928	1,354,138	2,252,762	1,880,060	1,146,443	447,120	1,777,448	0	0	0	11,899	0	0
Cash	99,948	20,513	1,424	1,999	30,578	44,360	108,652	27,287	547	14,980	2,616	551	151	97,839
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,009,425	3,786,912	5,641,081	4,547,670	3,521,144	2,570,417	2,246,134	3,456,599	946,864	956,384	718,952	449,492	263,951	408,966
total assets	4,037,816	3,816,196	5,671,396	4,580,410	3,551,755	2,599,450	2,273,312	3,484,189	975,223	984,133	736,496	468,181	286,141	434,119
Bank overdraft	142,552	190,739	267,310	108,429	102,019	125,771	125,691	101,212	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	901,379	1,035,243	1,272,807	1,371,771	1,145,999	1,304,117	761,912	939,128	1,177,993	1,192,896	921,877	679,116	806,289	681,170
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,822,210	2,549,281	3,993,892	2,974,348	2,234,857	1,150,836	1,406,344	2,616,388	0	0	0	0	0	0
total current liabilities	3,866,141	3,775,263	5,534,009	4,454,548	3,482,875	2,580,724	2,293,947	3,656,728	1,177,993	1,192,896	921,877	679,116	806,289	681,170
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	3,866,141	3,775,263	5,534,009	4,454,548	3,482,875	2,580,724	2,293,947	3,656,728	1,177,993	1,192,896	921,877	679,116	806,289	681,170
net assets	171,675	40,933	137,387	125,862	68,880	18,726	-20,635	-172,539	-202,770	-208,763	-185,381	-210,935	-520,148	-247,051
total shareholders funds	171,675	40,933	137,387	125,862	68,880	18,726	-20,635	-172,539	-202,770	-208,763	-185,381	-210,935	-520,148	-247,051

	Dec 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	175,133	-82,167	25,687	77,329	69,325	56,384	196,801	41,009	7,547	-23,426	33,616	417,854	-273,342	-247,298
Depreciation	893	1,470	2,884	3,818	2,701	1,337	411	770	856	697	1,145	3,500	4,640	5,320
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-30,668	0	-2,703	-13,366	-11,765	-9,233	-37,976	-7,558	-1,593	0	-8,070	-108,642	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	143,078	-1,873,258	1,093,986	1,055,105	964,509	388,575	-1,291,830	2,482,995	4,913	225,068	267,395	185,141	-47,327	311,127
Creditors	-133,864	-237,564	-98,964	225,772	-158,118	542,205	-177,216	-238,865	-14,903	271,019	242,761	-127,173	125,119	681,170
Accruals and Deferred Income	272,929	-1,444,611	1,019,544	739,491	1,084,021	-255,508	-1,210,044	2,616,388	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	141,345	110,386	-147,538	-22,061	21,655	-53,390	63,806	-71,251	-13,006	23,222	2,057	398	-96,256	128,065
Investing Activities
capital expenditure	0	-439	-459	-5,947	-4,279	-3,192	1	-1	-1,466	-10,902	0	1	-1,677	-30,473
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-439	-459	-5,947	-4,279	-3,192	1	-1	-1,466	-10,902	0	1	-1,677	-30,473
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	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	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	-13,723	-14,287	-11,458	-6,981	-7,407	-7,790	-6,921	-3,219	39	44	8	2	245	245
cash flow from financing	-13,723	-14,287	-11,458	-6,981	-7,407	-7,790	-6,921	-3,219	39	44	8	2	245	247
cash and cash equivalents
cash	79,435	19,089	-575	-28,579	-13,782	-64,292	81,365	26,740	-14,433	12,364	2,065	400	-97,688	97,839
overdraft	-48,187	-76,571	158,881	6,410	-23,752	80	24,479	101,212	0	0	0	0	0	0
change in cash	127,622	95,660	-159,456	-34,989	9,970	-64,372	56,886	-74,472	-14,433	12,364	2,065	400	-97,688	97,839

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DEVONSHIRE DEVELOPMENT LIMITED group structure

Devonshire Development Limited has no subsidiary companies.

Ultimate parent company

DEVONSHIRE DEVELOPMENT LIMITED

03595287

DEVONSHIRE DEVELOPMENT LIMITED Shareholders

ricky sernjeet sandhu

100%

Devonshire Development Limited currently has 2 directors. The longest serving directors include Mr Ricky Sandhu (Jul 1998) and Mr Sundeep Sandhu (Jul 2023).

officer	country	age	start	end	role
Mr Ricky Sandhu		53 years	Jul 1998	-	Director
Mr Sundeep Sandhu		48 years	Jul 2023	-	Director

P&L

December 2022

turnover

12.2m

-3%

operating profit

175.1k

gross margin

26%

+9.21%

turnover

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

Balance Sheet

December 2022

net assets

171.7k

+3.19%

total assets

+0.06%

cash

99.9k

+3.87%

net assets

Total assets minus all liabilities

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company number

03595287

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

July 1998

ultimate parent company

None

previous names

hamilton asset management limited (August 2004)

hamilton (real estate) limited (August 2004)

address

higgison house, 381-383 city road, london, EC1V 1NA

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.

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devonshire development limited Company Information

devonshire development limited Estimated Valuation

devonshire development limited Estimated Valuation

devonshire development limited Estimated Valuation

Devonshire Development Limited Overview

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DEVONSHIRE DEVELOPMENT LIMITED financials

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