Drew & Co. (electrical Contractors) Ltd

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drew & co. (electrical contractors) ltd Company Information

Live

MatureMidDeclining

Company Number

03730537

Website

www.drewandco.co.uk

Registered Address

units 2a-2b kay close, plympton, plymouth, devon, PL7 4LU

Industry

Electrical installation

Telephone

01752204415

Next Accounts Due

January 2025

Group Structure

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Directors

Christopher Wright17 Years

Paul Burn17 Years

View All

Shareholders

drew & co trading holdings limited 100%

drew & co. (electrical contractors) ltd Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of DREW & CO. (ELECTRICAL CONTRACTORS) LTD at £8.3m based on Net Assets of £2.6m and 3.21x industry multiple (adjusted for liquidity).

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Drew & Co. (electrical Contractors) Ltd is a live company located in plymouth, PL7 4LU with a Companies House number of 03730537. It operates in the electrical installation sector, SIC Code 43210. Founded in March 1999, it's largest shareholder is drew & co trading holdings limited with a 100% stake. Drew & Co. (electrical Contractors) Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Drew & Co. (Electrical Contractors) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £5.6m, make it larger than the average company (£793.5k)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (6.9%)

EXPORT

Drew & Co. (Electrical Contractors) Ltd's latest turnover from April 2023 is estimated at £5.6 million and the company has net assets of £2.6 million. According to their latest financial statements, Drew & Co. (Electrical Contractors) Ltd has 52 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	5,611,754	8,895,925	5,531,944	7,796,970	4,030,563	5,524,912	4,596,227	5,706,695	4,445,212	4,099,070	3,665,002	3,365,081	2,914,128	3,058,690
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,197,995	6,655,411	4,172,476	5,833,599	2,939,072	3,970,822	3,296,152	4,021,131	3,107,002	2,850,165	2,483,146	2,235,459	1,806,665	1,847,335
Gross Profit	1,413,758	2,240,513	1,359,468	1,963,371	1,091,491	1,554,089	1,300,075	1,685,563	1,338,210	1,248,905	1,181,856	1,129,622	1,107,463	1,211,355
Admin Expenses	-21,599	2,125,953	812,235	1,917,177	1,320,231	1,196,140	1,122,088	1,474,848	1,271,107	1,229,100	1,025,802	1,042,425	1,092,752	986,746
Operating Profit	1,435,357	114,560	547,233	46,194	-228,740	357,949	177,987	210,715	67,103	19,805	156,054	87,197	14,711	224,609
Interest Payable	0	1,688	1,525	0	4,835	8,014	6,793	7,808	5,804	1,702	0	0	0	0
Interest Receivable	177,259	21,186	1,355	1,337	8,881	3,162	537	754	943	1,115	1,278	791	404	182
Pre-Tax Profit	1,612,616	134,058	547,063	47,531	-224,694	353,096	171,731	203,660	62,243	19,218	157,331	87,988	15,115	224,790
Tax	-403,154	-25,471	-103,942	-9,031	0	-67,088	-32,629	-40,732	-12,448	-4,036	-36,186	-21,117	-3,930	-62,941
Profit After Tax	1,209,462	108,587	443,121	38,500	-224,694	286,008	139,102	162,928	49,794	15,182	121,145	66,871	11,185	161,849
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,209,462	108,587	443,121	38,500	-224,694	286,008	139,102	162,928	49,794	15,182	121,145	66,871	11,185	161,849
Employee Costs	2,130,859	1,883,297	1,709,763	1,741,288	1,943,050	1,827,720	1,709,611	1,672,496	1,157,230	1,074,248	963,068	965,352	901,001	1,024,734
Number Of Employees	52	48	45	45	48	47	43	42	29	28	26	26	25	28
EBITDA*	1,531,737	206,944	627,769	109,758	-173,803	402,989	223,664	246,469	97,405	47,844	181,119	111,110	38,004	248,852

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	277,547	311,981	310,858	250,111	208,901	444,061	412,659	421,350	387,659	384,395	89,736	88,816	85,869	76,067
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	277,547	311,981	310,858	250,111	208,901	444,061	412,659	421,350	387,659	384,395	89,736	88,816	85,869	76,067
Stock & work in progress	30,505	29,007	103,943	72,479	219,171	180,734	40,755	54,964	61,403	79,286	94,533	78,432	111,289	62,203
Trade Debtors	1,158,891	1,978,580	1,296,248	1,211,426	491,305	1,080,428	829,119	1,069,881	781,880	707,404	586,301	528,765	450,583	507,886
Group Debtors	0	0	0	0	67,911	0	0	0	0	0	0	0	0	0
Misc Debtors	71,879	57,084	7,288	0	28,626	7,911	0	0	0	0	5,833	0	0	0
Cash	4,173,188	4,168,435	1,481,081	1,227,972	1,446,402	921,733	342,899	86,457	215,035	162,285	283,770	227,285	89,030	72,640
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,434,463	6,233,106	2,888,560	2,511,877	2,253,415	2,190,806	1,212,773	1,211,302	1,058,318	948,975	970,437	834,482	650,902	642,729
total assets	5,712,010	6,545,087	3,199,418	2,761,988	2,462,316	2,634,867	1,625,432	1,632,652	1,445,977	1,333,370	1,060,173	923,298	736,771	718,796
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	10,188	0	0	0	0	0	0	0	0
Trade Creditors	638,015	1,622,123	764,933	1,813,297	436,777	618,527	698,622	814,061	808,591	751,431	669,834	649,481	527,852	505,626
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	47,113	55,708	39,644	0	25,960	24,894	0	0	0	0	0	0	0	25,685
other current liabilities	2,303,280	3,345,522	956,591	0	1,133,284	767,840	0	0	0	0	0	0	0	0
total current liabilities	2,988,408	5,023,353	1,761,168	1,813,297	1,596,021	1,421,449	698,622	814,061	808,591	751,431	669,834	649,481	527,852	531,311
loans	0	0	50,000	0	0	133,067	103,343	114,042	126,216	52,377	0	0	0	0
hp & lease commitments	63,925	81,630	57,509	0	41,278	37,403	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	72,571	0	0	70,359	87,273	55,264	136,080	12,474	18,296	22,212	15,524
provisions	69,387	59,276	58,500	47,000	34,397	27,634	23,802	27,072	28,630	16,000	15,665	14,476	12,533	8,972
total long term liabilities	133,312	140,906	166,009	119,571	75,675	198,104	197,504	228,387	210,110	204,457	28,139	32,772	34,745	24,496
total liabilities	3,121,720	5,164,259	1,927,177	1,932,868	1,671,696	1,619,553	896,126	1,042,448	1,018,701	955,888	697,973	682,253	562,597	555,807
net assets	2,590,290	1,380,828	1,272,241	829,120	790,620	1,015,314	729,306	590,204	427,276	377,482	362,200	241,045	174,174	162,989
total shareholders funds	2,590,290	1,380,828	1,272,241	829,120	790,620	1,015,314	729,306	590,204	427,276	377,482	362,200	241,045	174,174	162,989

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	1,435,357	114,560	547,233	46,194	-228,740	357,949	177,987	210,715	67,103	19,805	156,054	87,197	14,711	224,609
Depreciation	96,380	92,384	80,536	63,564	54,937	45,040	45,677	35,754	30,302	28,039	25,065	23,913	23,293	24,243
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-403,154	-25,471	-103,942	-9,031	0	-67,088	-32,629	-40,732	-12,448	-4,036	-36,186	-21,117	-3,930	-62,941
Stock	1,498	-74,936	31,464	-146,692	38,437	139,979	-14,209	-6,439	-17,883	-15,247	16,101	-32,857	49,086	62,203
Debtors	-804,894	732,128	92,110	623,584	-500,497	259,220	-240,762	288,001	74,476	115,270	63,369	78,182	-57,303	507,886
Creditors	-984,108	857,190	-1,048,364	1,376,520	-181,750	-80,095	-115,439	5,470	57,160	81,597	20,353	121,629	22,226	505,626
Accruals and Deferred Income	-1,042,242	2,388,931	956,591	-1,133,284	365,444	767,840	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	10,111	776	11,500	12,603	6,763	3,832	-3,270	-1,558	12,630	335	1,189	1,943	3,561	8,972
Cash flow from operations	-84,260	2,771,178	319,980	-120,326	478,714	628,279	327,297	-71,913	98,154	25,717	87,005	168,240	68,078	130,420
Investing Activities
capital expenditure	-61,946	-93,507	-141,283	-104,774	180,223	-76,442	-36,986	-69,445	-33,566	-322,698	-25,985	-26,860	-33,095	-100,310
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-61,946	-93,507	-141,283	-104,774	180,223	-76,442	-36,986	-69,445	-33,566	-322,698	-25,985	-26,860	-33,095	-100,310
Financing Activities
Bank loans	0	0	0	0	-10,188	10,188	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	-50,000	50,000	0	-133,067	29,724	-10,699	-12,174	73,839	52,377	0	0	0	0
Hire Purchase and Lease Commitments	-26,300	40,185	97,153	-67,238	4,941	62,297	0	0	0	0	0	0	-25,685	25,685
other long term liabilities	0	0	-72,571	72,571	0	-70,359	-16,914	32,009	-80,816	123,606	-5,822	-3,916	6,688	15,524
share issue	0	0	0	0	0	0	0	0	0	100	10	0	0	1,140
interest	177,259	19,498	-170	1,337	4,046	-4,852	-6,256	-7,054	-4,861	-587	1,278	791	404	182
cash flow from financing	150,959	9,683	74,412	6,670	-134,268	26,998	-33,869	12,781	-11,838	175,496	-4,534	-3,125	-18,593	42,531
cash and cash equivalents
cash	4,753	2,687,354	253,109	-218,430	524,669	578,834	256,442	-128,578	52,750	-121,485	56,485	138,255	16,390	72,640
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	4,753	2,687,354	253,109	-218,430	524,669	578,834	256,442	-128,578	52,750	-121,485	56,485	138,255	16,390	72,640

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DREW & CO. (ELECTRICAL CONTRACTORS) LTD group structure

Drew & Co. (Electrical Contractors) Ltd has no subsidiary companies.

Ultimate parent company

AJ HOLDINGS SOUTH WEST LIMITED

13562017

DREW & CO. TRADING HOLDINGS LIMITED

11718747

2 parents

DREW & CO. (ELECTRICAL CONTRACTORS) LTD

03730537

DREW & CO. (ELECTRICAL CONTRACTORS) LTD Shareholders

drew & co trading holdings limited

100%

Drew & Co. (Electrical Contractors) Ltd currently has 8 directors. The longest serving directors include Mr Christopher Wright (May 2007) and Mr Paul Burn (May 2007).

officer	country	age	start	end	role
Mr Christopher Wright	England	58 years	May 2007	-	Director
Mr Paul Burn	England	54 years	May 2007	-	Director
Mr Andrew Veasey	England	42 years	Mar 2016	-	Director
Mr Timothy Matthews	England	61 years	May 2017	-	Director
Mr Jamie McGinty	England	43 years	May 2017	-	Director
Mrs Rebecca Turton	England	40 years	Jan 2019	-	Director
Mr Andrew Botterill	England	58 years	Dec 2021	-	Director
Mr Jack Worthington		34 years	Aug 2023	-	Director

P&L

April 2023

turnover

5.6m

-37%

operating profit

1.4m

gross margin

25.2%

+0.03%

turnover

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

Balance Sheet

April 2023

net assets

2.6m

+0.88%

total assets

5.7m

-0.13%

cash

4.2m

net assets

Total assets minus all liabilities

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company number

03730537

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

March 1999

age

accounts

Total Exemption Full

ultimate parent company

AJ HOLDINGS SOUTH WEST LIMITED

previous names

N/A

incorporated

address

units 2a-2b kay close, plympton, plymouth, devon, PL7 4LU

last accounts submitted

April 2023

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 drew & co. (electrical contractors) ltd.

drew & co. (electrical contractors) ltd Company Information

drew & co. (electrical contractors) ltd Estimated Valuation

drew & co. (electrical contractors) ltd Estimated Valuation

drew & co. (electrical contractors) ltd Estimated Valuation

Drew & Co. (electrical Contractors) Ltd Overview

Drew & Co. (electrical Contractors) Ltd Health Check

DREW & CO. (ELECTRICAL CONTRACTORS) LTD financials

drew & co. (electrical contractors) ltd Credit Report and Business Information

Drew & Co. (electrical Contractors) Ltd Competitor Analysis

drew & co. (electrical contractors) ltd Ownership

drew & co. (electrical contractors) ltd directors

drew & co. (electrical contractors) ltd company details

drew & co. (electrical contractors) ltd Charges & Mortgages

drew & co. (electrical contractors) ltd Companies House Filings - See Documents