David Phillips Furniture Ltd

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david phillips furniture ltd Company Information

Live

MatureLargeLow

Company Number

03670521

Website

www.davidphillips.com

Registered Address

24 - 32 eastbury road, beckton, london, E6 6LP

Industry

Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

Telephone

02038722295

Next Accounts Due

December 2024

Group Structure

View All

Directors

Nicholas Gill19 Years

Michael Hall0 Years

Shareholders

occam wile ltd 100%

david phillips furniture ltd Estimated Valuation

£14.2m

Pomanda estimates the enterprise value of DAVID PHILLIPS FURNITURE LTD at £14.2m based on a Turnover of £23.6m and 0.6x industry multiple (adjusted for size and gross margin).

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David Phillips Furniture Ltd is a live company located in london, E6 6LP with a Companies House number of 03670521. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in November 1998, it's largest shareholder is occam wile ltd with a 100% stake. David Phillips Furniture Ltd is a mature, large sized company, Pomanda has estimated its turnover at £23.6m with low growth in recent years.

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Pomanda's financial health check has awarded David Phillips Furniture Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £23.6m, make it larger than the average company (£1.8m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.6%)

EXPORT

David Phillips Furniture Ltd's latest turnover from March 2023 is £23.6 million and the company has net assets of -£18.9 million. According to their latest financial statements, David Phillips Furniture Ltd has 205 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	23,631,745	32,583,133	25,447,049	23,369,105	29,434,305	42,973,806	47,750,949	37,275,600	31,470,901	22,127,892	18,581,779	15,285,964	15,487,115	14,602,046
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,319,308	22,262,127	15,136,256	13,698,485	19,187,085	28,870,802	30,761,914	17,476,785	14,323,005	9,771,576	9,056,789	7,019,209	7,960,522	7,919,723
Gross Profit	9,312,437	10,321,006	10,310,793	9,670,620	10,247,220	14,103,004	16,989,035	19,798,815	17,147,896	12,356,316	9,524,990	8,266,755	7,526,593	6,682,323
Admin Expenses	12,320,258	13,827,434	10,188,339	11,756,744	13,926,223	22,315,738	18,830,738	21,927,781	16,282,965	10,962,244	8,735,327	7,455,210	7,151,518	6,303,525
Operating Profit	-3,007,821	-3,506,428	122,454	-2,086,124	-3,679,003	-8,212,734	-1,841,703	-2,128,966	864,931	1,394,072	789,663	811,545	375,075	378,798
Interest Payable	214	0	1,125	24,657	21,284	38,979	28,988	31,063	18,977	11,707	8,112	8,160	9,447	30,377
Interest Receivable	0	0	0	2	504	0	0	2,111	0	0	0	0	0	0
Pre-Tax Profit	-3,008,035	-3,506,428	121,329	-2,110,779	-3,699,783	-8,251,713	-2,736,895	-2,157,918	845,954	1,382,365	781,551	793,405	365,628	559,048
Tax	0	0	0	274,128	0	427,331	-156,957	-30,999	-115,613	-350,876	-232,666	-218,111	-107,032	-114,291
Profit After Tax	-3,008,035	-3,506,428	121,329	-1,836,651	-3,699,783	-7,824,382	-2,893,852	-2,188,917	730,341	1,031,489	548,885	575,294	258,596	444,757
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,008,035	-3,506,428	121,329	-1,836,651	-3,699,783	-7,824,382	-2,893,852	-2,188,917	730,341	1,031,489	548,885	575,294	258,596	444,757
Employee Costs	9,750,941	10,044,654	8,188,853	8,276,939	9,740,199	15,321,884	14,790,647	12,359,570	9,223,980	6,398,739	5,071,302	4,421,229	3,935,459	3,504,239
Number Of Employees	205	221	207	212	276	393	370	328	247	194	179	152	112	95
EBITDA*	-2,785,795	-3,315,870	341,684	-1,767,631	-3,236,204	-7,071,844	-505,207	-323,382	2,128,204	2,000,524	1,304,895	1,252,379	759,689	615,873

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	338,992	372,808	435,872	532,703	590,999	1,562,638	2,502,876	2,605,899	2,428,767	1,393,153	658,864	796,628	694,257	491,473
Intangible Assets	120,625	212,171	142,533	88,409	229,055	227,331	0	1,129,853	0	0	0	47,994	191,975	335,956
Investments & Other	0	0	0	0	0	0	0	200	200	200	200	200	10,180	10,180
Debtors (Due After 1 year)	0	0	0	0	0	0	0	1,277	0	0	0	0	0	0
Total Fixed Assets	459,617	584,979	578,405	621,112	820,054	1,789,969	2,502,876	3,737,229	2,428,967	1,393,353	659,064	844,822	896,412	837,609
Stock & work in progress	1,750,162	3,118,387	3,574,615	1,985,470	1,447,984	2,309,353	2,841,642	3,376,950	2,209,625	1,856,433	1,407,392	1,088,027	926,432	861,545
Trade Debtors	1,806,177	1,811,794	2,220,929	932,832	1,673,545	3,264,934	4,013,514	3,596,285	2,523,202	1,883,121	1,125,168	1,382,538	1,870,471	1,243,154
Group Debtors	3,014,876	2,910,045	3,000	2,798	1,283,629	0	4,275,392	3,856,641	5,393,344	4,040,307	2,767,082	1,786,727	1,001,883	498,853
Misc Debtors	1,315,319	3,360,569	4,118,607	2,649,888	2,433,883	2,440,294	3,399,392	1,139,562	935,851	1,206,839	476,575	401,173	197,871	250,454
Cash	1,186,076	1,230,515	2,473,679	1,762,732	482,517	839,292	135,213	435,575	771,964	2,827,095	646,347	1,078,496	629,657	983,872
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	9,072,610	12,431,310	12,390,830	7,333,720	7,321,558	8,853,873	14,665,153	12,405,013	11,833,986	11,813,795	6,422,564	5,736,961	4,626,314	3,837,878
total assets	9,532,227	13,016,289	12,969,235	7,954,832	8,141,612	10,643,842	17,168,029	16,142,242	14,262,953	13,207,148	7,081,628	6,581,783	5,522,726	4,675,487
Bank overdraft	0	0	0	0	0	0	0	0	3,724	146,006	0	78,210	0	0
Bank loan	0	0	0	0	0	0	0	1,000,000	0	0	0	0	0	0
Trade Creditors	1,409,364	1,966,723	1,275,666	2,749,668	1,964,818	2,997,442	4,595,768	5,740,914	2,688,764	2,186,360	1,375,400	1,865,012	2,006,020	1,388,741
Group/Directors Accounts	18,686,977	17,244,900	12,058,323	10,125,402	12,289,386	8,817,532	3,535,962	2,718,033	1,778,823	1,491,679	644,561	494,152	494,152	634,542
other short term finances	0	0	0	0	0	0	1,041,055	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	55,710	64,146	19,713	35,142	37,472	24,329	48,226
other current liabilities	7,782,943	9,128,947	11,504,064	7,100,846	4,063,897	6,243,418	7,332,037	3,439,095	4,509,628	4,998,071	1,713,762	1,285,912	817,954	690,228
total current liabilities	27,879,284	28,340,570	24,838,053	19,975,916	18,318,101	18,058,392	16,504,822	12,953,752	9,045,085	8,841,829	3,768,865	3,760,758	3,342,455	2,761,737
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	41,096	96,847	8,593	25,369	54,421	31,115	19,528
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	598,381	613,122	562,157	531,220	539,164	447,618	700,993	291,328	76,038	42,084	4,241	32,336	52,582	56,244
total long term liabilities	598,381	613,122	562,157	531,220	539,164	447,618	700,993	332,424	172,885	50,677	29,610	86,757	83,697	75,772
total liabilities	28,477,665	28,953,692	25,400,210	20,507,136	18,857,265	18,506,010	17,205,815	13,286,176	9,217,970	8,892,506	3,798,475	3,847,515	3,426,152	2,837,509
net assets	-18,945,438	-15,937,403	-12,430,975	-12,552,304	-10,715,653	-7,862,168	-37,786	2,856,066	5,044,983	4,314,642	3,283,153	2,734,268	2,096,574	1,837,978
total shareholders funds	-18,945,438	-15,937,403	-12,430,975	-12,552,304	-10,715,653	-7,862,168	-37,786	2,856,066	5,044,983	4,314,642	3,283,153	2,734,268	2,096,574	1,837,978

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-3,007,821	-3,506,428	122,454	-2,086,124	-3,679,003	-8,212,734	-1,841,703	-2,128,966	864,931	1,394,072	789,663	811,545	375,075	378,798
Depreciation	127,980	120,913	135,185	150,141	334,592	1,122,305	1,072,647	1,616,191	1,263,273	606,452	467,238	296,853	240,633	141,088
Amortisation	94,046	69,645	84,045	168,352	108,207	18,585	263,849	189,393	0	0	47,994	143,981	143,981	95,987
Tax	0	0	0	274,128	0	427,331	-156,957	-30,999	-115,613	-350,876	-232,666	-218,111	-107,032	-114,291
Stock	-1,368,225	-456,228	1,589,145	537,486	-861,369	-532,289	-535,308	1,167,325	353,192	449,041	319,365	161,595	64,887	861,545
Debtors	-1,946,036	1,739,872	2,757,018	-1,805,539	-314,171	-5,983,070	3,094,533	-258,632	1,722,130	2,761,442	798,387	500,213	1,077,764	1,992,461
Creditors	-557,359	691,057	-1,474,002	784,850	-1,032,624	-1,598,326	-1,145,146	3,052,150	502,404	810,960	-489,612	-141,008	617,279	1,388,741
Accruals and Deferred Income	-1,346,004	-2,375,117	4,403,218	3,036,949	-2,179,521	-1,088,619	3,892,942	-1,070,533	-488,443	3,284,309	427,850	467,958	127,726	690,228
Deferred Taxes & Provisions	-14,741	50,965	30,937	-7,944	91,546	-253,375	409,665	215,290	33,954	37,843	-28,095	-20,246	-3,662	56,244
Cash flow from operations	-1,389,638	-6,232,609	-1,044,326	3,588,405	-5,181,263	-3,069,474	-63,928	933,833	-14,816	2,572,277	-135,380	679,164	251,349	-217,211
Investing Activities
capital expenditure	-96,664	-197,132	-176,523	-119,551	527,116	-427,983	-103,620	-3,112,569	-2,298,887	-1,340,741	-329,474	-236,427	-396,200	-521,274
Change in Investments	0	0	0	0	0	0	-200	0	0	0	0	-9,980	0	10,180
cash flow from investments	-96,664	-197,132	-176,523	-119,551	527,116	-427,983	-103,420	-3,112,569	-2,298,887	-1,340,741	-329,474	-226,447	-396,200	-531,454
Financing Activities
Bank loans	0	0	0	0	0	0	-1,000,000	1,000,000	0	0	0	0	0	0
Group/Directors Accounts	1,442,077	5,186,577	1,932,921	-2,163,984	3,471,854	5,281,570	817,929	939,210	287,144	847,118	150,409	0	-140,390	634,542
Other Short Term Loans	0	0	0	0	0	-1,041,055	1,041,055	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	-96,806	-64,187	132,687	-32,205	-31,382	36,449	-12,310	67,754
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	846,298	0	0	0	0	0	0	62,400	0	1,393,221
interest	-214	0	-1,125	-24,655	-20,780	-38,979	-28,988	-28,952	-18,977	-11,707	-8,112	-8,160	-9,447	-30,377
cash flow from financing	1,441,863	5,186,577	1,931,796	-2,188,639	4,297,372	4,201,536	733,190	1,846,071	400,854	803,206	110,915	90,689	-162,147	2,065,140
cash and cash equivalents
cash	-44,439	-1,243,164	710,947	1,280,215	-356,775	704,079	-300,362	-336,389	-2,055,131	2,180,748	-432,149	448,839	-354,215	983,872
overdraft	0	0	0	0	0	0	0	-3,724	-142,282	146,006	-78,210	78,210	0	0
change in cash	-44,439	-1,243,164	710,947	1,280,215	-356,775	704,079	-300,362	-332,665	-1,912,849	2,034,742	-353,939	370,629	-354,215	983,872

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DAVID PHILLIPS FURNITURE LTD group structure

David Phillips Furniture Ltd has no subsidiary companies.

Ultimate parent company

HAMSARD 3462 LIMITED

10891892

OCCAM WILE LIMITED

05397921

2 parents

DAVID PHILLIPS FURNITURE LTD

03670521

DAVID PHILLIPS FURNITURE LTD Shareholders

occam wile ltd

100%

David Phillips Furniture Ltd currently has 2 directors. The longest serving directors include Mr Nicholas Gill (Apr 2005) and Mr Michael Hall (Jun 2024).

officer	country	age	start	end	role
Mr Nicholas Gill	England	57 years	Apr 2005	-	Director
Mr Michael Hall	England	61 years	Jun 2024	-	Director

P&L

March 2023

turnover

23.6m

-27%

operating profit

-3m

-14%

gross margin

39.5%

+24.41%

turnover

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

Balance Sheet

March 2023

net assets

-18.9m

+0.19%

total assets

9.5m

-0.27%

cash

1.2m

-0.04%

net assets

Total assets minus all liabilities

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company number

03670521

Type

Private limited with Share Capital

industry

47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

incorporation date

November 1998

accounts

Full Accounts

ultimate parent company

HAMSARD 3462 LIMITED

previous names

N/A

last accounts submitted

March 2023

address

24 - 32 eastbury road, beckton, london, E6 6LP

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 8 charges/mortgages relating to david phillips furniture ltd. Currently there are 6 open charges and 2 have been satisfied in the past.

david phillips furniture ltd Company Information

david phillips furniture ltd Estimated Valuation

david phillips furniture ltd Estimated Valuation

david phillips furniture ltd Estimated Valuation

David Phillips Furniture Ltd Overview

David Phillips Furniture Ltd Health Check

DAVID PHILLIPS FURNITURE LTD financials

david phillips furniture ltd Credit Report and Business Information

David Phillips Furniture Ltd Competitor Analysis

david phillips furniture ltd Ownership

david phillips furniture ltd directors

david phillips furniture ltd company details

david phillips furniture ltd Charges & Mortgages

david phillips furniture ltd Companies House Filings - See Documents