Tk Drake Electrical Contractor Limited

POWER SEARCH PRICING

SOLUTIONS

tk drake electrical contractor limited Company Information

Live

MatureSmallHealthy

Company Number

03753903

Website

http://thedrakesgroup.com

Registered Address

energy house 11a theatre street, swaffham, norfolk, PE37 7HF

Industry

Electrical installation

Telephone

01760721328

Next Accounts Due

January 2025

Group Structure

View All

Directors

Terence Drake25 Years

Shareholders

mr terence kevin drake 100%

tk drake electrical contractor limited Estimated Valuation

£635.9k - £734.5k

The estimated valuation range for tk drake electrical contractor limited, derived from financial data as of April 2023 and the most recent industry multiples, is between £635.9k to £734.5k

Get a detailed valuation report, edit figures and unlock valuation multiples.

Tk Drake Electrical Contractor Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

View Sample

Tk Drake Electrical Contractor Limited is a live company located in norfolk, PE37 7HF with a Companies House number of 03753903. It operates in the electrical installation sector, SIC Code 43210. Founded in April 1999, it's largest shareholder is mr terence kevin drake with a 100% stake. Tk Drake Electrical Contractor Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Tk Drake Electrical Contractor Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £2m, make it larger than the average company (£759.5k)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for tk drake electrical contractor limited. Get real-time insights into tk drake electrical contractor limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for tk drake electrical contractor limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

TK DRAKE ELECTRICAL CONTRACTOR LIMITED group structure

Tk Drake Electrical Contractor Limited has no subsidiary companies.

Ultimate parent company

TK DRAKE ELECTRICAL CONTRACTOR LIMITED

03753903

TK DRAKE ELECTRICAL CONTRACTOR LIMITED Shareholders

mr terence kevin drake

100%

Tk Drake Electrical Contractor Limited currently has 1 director, Mr Terence Drake serving since Apr 1999.

officer	country	age	start	end	role
Mr Terence Drake	England	66 years	Apr 1999	-	Director

EXPORT

Tk Drake Electrical Contractor Limited's latest turnover from April 2023 is estimated at £2 million and the company has net assets of £196.5 thousand. According to their latest financial statements, Tk Drake Electrical Contractor Limited has 24 employees and maintains cash reserves of £658 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	1,958,987	1,409,182	1,234,810	1,505,204	1,693,206	1,686,851	1,093,886	811,333	1,165,675	1,005,511	1,212,546	2,296,547	2,142,617	1,592,604
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,634,339	1,171,866	1,045,509	1,255,609	1,385,896	1,381,964	892,702	655,962	947,743	822,275	972,642	1,822,841	1,668,339	1,228,470
Gross Profit	324,649	237,316	189,301	249,595	307,310	304,887	201,184	155,371	217,932	183,236	239,903	473,706	474,278	364,134
Admin Expenses	145,677	210,187	228,488	243,684	271,146	282,624	268,249	132,281	229,529	236,300	376,299	498,754	503,193	-262,927
Operating Profit	178,972	27,129	-39,187	5,911	36,164	22,263	-67,065	23,090	-11,597	-53,064	-136,396	-25,048	-28,915	627,061
Interest Payable	0	0	0	2,479	2,743	4,312	8,223	4,241	0	0	261	2,309	2,406	0
Interest Receivable	34	292	39	0	2	1	0	1	4	5	2	0	0	2
Pre-Tax Profit	179,007	27,421	-39,148	3,432	33,422	17,952	-75,288	18,850	-11,593	-53,059	-136,655	-27,357	-31,321	627,064
Tax	-44,752	-5,210	0	-652	-6,350	-3,411	0	-3,770	0	0	0	-1,867	4,705	-175,578
Profit After Tax	134,255	22,211	-39,148	2,780	27,072	14,541	-75,288	15,080	-11,593	-53,059	-136,655	-29,224	-26,616	451,486
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	86,000	13,796	0
Retained Profit	134,255	22,211	-39,148	2,780	27,072	14,541	-75,288	15,080	-11,593	-53,059	-136,655	-115,224	-40,412	451,486
Employee Costs	986,246	940,721	759,214	1,082,284	933,122	934,613	834,926	159,287	200,129	191,830	222,246	408,418	396,440	365,976
Number Of Employees	24	24	20	28	23	24	21	4	5	5	6	11	11	10
EBITDA*	190,412	40,829	-21,603	26,805	68,835	58,294	-50,244	37,178	6,584	-28,958	-102,504	17,237	-4,375	650,982

* 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	128,357	137,055	152,684	166,086	183,805	193,683	231,762	127,764	139,528	77,203	101,227	128,811	77,452	77,451
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	119,890
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	128,357	137,055	152,684	166,086	183,805	193,683	231,762	127,764	139,528	77,203	101,227	128,811	77,452	197,341
Stock & work in progress	150,000	110,000	148,000	150,300	135,000	125,700	105,000	102,000	100,000	89,636	100,344	98,275	133,202	111,357
Trade Debtors	561,116	390,960	319,023	261,849	390,688	388,394	290,411	243,546	237,624	228,365	314,449	265,814	230,916	472,297
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	11,060	9,780	0	47,582	2,696	119,686	209,482	0
Cash	658	955	76,849	178	220	264	87	172	215	1,235	597	51	25,245	962
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	711,774	501,915	543,872	412,327	525,908	514,358	406,558	355,498	337,839	366,818	418,086	483,826	598,845	584,616
total assets	840,131	638,970	696,556	578,413	709,713	708,041	638,320	483,262	477,367	444,021	519,313	612,637	676,297	781,957
Bank overdraft	0	0	0	0	0	0	132,673	130,478	0	0	0	8,028	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	450,562	300,116	296,241	395,749	490,198	497,169	150,120	93,654	382,324	329,547	326,023	90,030	116,629	294,212
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	100	100	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	36,645	15,027	0
other current liabilities	0	0	0	0	0	0	221,923	149,007	0	0	0	103,122	99,986	0
total current liabilities	450,562	300,116	296,241	395,749	490,198	497,169	504,716	373,139	382,324	329,547	326,023	237,925	231,742	294,212
loans	0	0	0	0	81,285	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	64,091	20,598	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	193,023	276,563	360,235	103,436	61,782	161,496	98,769	0	0	7,838	33,595	0	0	22,864
provisions	0	0	0	0	0	0	0	0	0	0	0	14,271	12,383	12,895
total long term liabilities	193,023	276,563	360,235	103,436	143,067	161,496	98,769	0	0	7,838	33,595	78,362	32,981	35,759
total liabilities	643,585	576,679	656,476	499,185	633,265	658,665	603,485	373,139	382,324	337,385	359,618	316,287	264,723	329,971
net assets	196,546	62,291	40,080	79,228	76,448	49,376	34,835	110,123	95,043	106,636	159,695	296,350	411,574	451,986
total shareholders funds	196,546	62,291	40,080	79,228	76,448	49,376	34,835	110,123	95,043	106,636	159,695	296,350	411,574	451,986

	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	178,972	27,129	-39,187	5,911	36,164	22,263	-67,065	23,090	-11,597	-53,064	-136,396	-25,048	-28,915	627,061
Depreciation	11,440	13,700	17,584	20,894	32,671	36,031	16,821	14,088	18,181	24,106	33,892	42,285	24,540	23,921
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-44,752	-5,210	0	-652	-6,350	-3,411	0	-3,770	0	0	0	-1,867	4,705	-175,578
Stock	40,000	-38,000	-2,300	15,300	9,300	20,700	3,000	2,000	10,364	-10,708	2,069	-34,927	21,845	111,357
Debtors	170,156	71,937	57,174	-128,839	2,294	86,923	48,145	15,702	-38,323	-41,198	-68,355	-54,898	-31,899	472,297
Creditors	150,446	3,875	-99,508	-94,449	-6,971	347,049	56,466	-288,670	52,777	3,524	235,993	-26,599	-177,583	294,212
Accruals and Deferred Income	0	0	0	0	0	-221,923	72,916	149,007	0	0	-103,122	3,136	99,986	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-14,271	1,888	-512	12,895
Cash flow from operations	85,950	5,557	-175,985	45,243	43,920	72,386	27,993	-123,957	87,320	26,472	82,382	83,620	-67,725	198,857
Investing Activities
capital expenditure	-2,742	1,929	-4,182	-3,175	-22,793	2,048	-120,819	-2,324	-80,506	-82	-6,308	-93,644	-24,541	-101,372
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	-119,890	119,890
cash flow from investments	-2,742	1,929	-4,182	-3,175	-22,793	2,048	-120,819	-2,324	-80,506	-82	-6,308	-93,644	95,349	-221,262
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	-100	0	100	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	-81,285	81,285	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	-100,736	65,111	35,625	0
other long term liabilities	-83,540	-83,672	256,799	41,654	-99,714	62,727	98,769	0	-7,838	-25,757	33,595	0	-22,864	22,864
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	500
interest	34	292	39	-2,479	-2,741	-4,311	-8,223	-4,240	4	5	-259	-2,309	-2,406	2
cash flow from financing	-83,506	-83,380	256,838	-42,110	-21,170	58,416	90,546	-4,240	-7,834	-25,752	-67,500	62,802	10,455	23,366
cash and cash equivalents
cash	-297	-75,894	76,671	-42	-44	177	-85	-43	-1,020	638	546	-25,194	24,283	962
overdraft	0	0	0	0	0	-132,673	2,195	130,478	0	0	-8,028	8,028	0	0
change in cash	-297	-75,894	76,671	-42	-44	132,850	-2,280	-130,521	-1,020	638	8,574	-33,222	24,283	962

P&L

April 2023

turnover

+39%

operating profit

179k

gross margin

16.6%

-1.59%

turnover

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

Balance Sheet

April 2023

net assets

196.5k

+2.16%

total assets

840.1k

+0.31%

cash

658

-0.31%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

a & j services (spalding) limited

eco control systems limited

jarrards limited

rayell construction limited

4.5

contact electrical (norwich) ltd

company number

03753903

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

April 1999

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

energy house 11a theatre street, swaffham, norfolk, PE37 7HF

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 found 2 charges/mortgages relating to tk drake electrical contractor limited. Currently there are 2 open charges and 0 have been satisfied in the past.

tk drake electrical contractor limited Company Information

tk drake electrical contractor limited Estimated Valuation

tk drake electrical contractor limited Estimated Valuation

tk drake electrical contractor limited Estimated Valuation

Tk Drake Electrical Contractor Limited AI Business Plan

Tk Drake Electrical Contractor Limited Overview

Tk Drake Electrical Contractor Limited Health Check

tk drake electrical contractor limited Credit Report and Business Information

Tk Drake Electrical Contractor Limited Competitor Analysis

tk drake electrical contractor limited Ownership

tk drake electrical contractor limited directors

TK DRAKE ELECTRICAL CONTRACTOR LIMITED financials

tk drake electrical contractor limited company details

tk drake electrical contractor limited Charges & Mortgages

tk drake electrical contractor limited Companies House Filings - See Documents