dove fuels limited

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dove fuels limited Company Information

Share DOVE FUELS LIMITED

Company Number

03785869

Shareholders

rodney clinton harvey

mark harvey

Group Structure

View All

Industry

Wholesale of petroleum and petroleum products

 

Registered Address

30 bridge cross road, burntwood, staffordshire, WS7 2BY

dove fuels limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of DOVE FUELS LIMITED at £2.5m based on a Turnover of £8m and 0.32x industry multiple (adjusted for size and gross margin).

dove fuels limited Estimated Valuation

£220.8k

Pomanda estimates the enterprise value of DOVE FUELS LIMITED at £220.8k based on an EBITDA of £63.6k and a 3.47x industry multiple (adjusted for size and gross margin).

dove fuels limited Estimated Valuation

£612.7k

Pomanda estimates the enterprise value of DOVE FUELS LIMITED at £612.7k based on Net Assets of £349.1k and 1.76x industry multiple (adjusted for liquidity).

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Dove Fuels Limited Overview

Dove Fuels Limited is a live company located in staffordshire, WS7 2BY with a Companies House number of 03785869. It operates in the wholesale of petroleum and petroleum products sector, SIC Code 46711. Founded in June 1999, it's largest shareholder is rodney clinton harvey with a 66.7% stake. Dove Fuels Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8m with high growth in recent years.

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Dove Fuels Limited Health Check

Pomanda's financial health check has awarded Dove Fuels Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £8m, make it smaller than the average company (£73.2m)

£8m - Dove Fuels Limited

£73.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (14.8%)

28% - Dove Fuels Limited

14.8% - Industry AVG

production

Production

with a gross margin of 5.6%, this company has a comparable cost of product (5.6%)

5.6% - Dove Fuels Limited

5.6% - Industry AVG

profitability

Profitability

an operating margin of 0.6% make it less profitable than the average company (1.8%)

0.6% - Dove Fuels Limited

1.8% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (25)

5 - Dove Fuels Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.8k, the company has an equivalent pay structure (£48.8k)

£48.8k - Dove Fuels Limited

£48.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.6m, this is less efficient (£2.8m)

£1.6m - Dove Fuels Limited

£2.8m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is near the average (22 days)

24 days - Dove Fuels Limited

22 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is close to average (20 days)

20 days - Dove Fuels Limited

20 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (4 days)

0 days - Dove Fuels Limited

4 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (9 weeks)

23 weeks - Dove Fuels Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.8%, this is a lower level of debt than the average (69%)

55.8% - Dove Fuels Limited

69% - Industry AVG

DOVE FUELS LIMITED financials

EXPORTms excel logo

Dove Fuels Limited's latest turnover from August 2023 is estimated at £8 million and the company has net assets of £349.1 thousand. According to their latest financial statements, Dove Fuels Limited has 5 employees and maintains cash reserves of £192.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover8,014,1476,941,3344,303,8813,865,7145,521,4374,412,4003,514,5533,485,0833,266,8683,997,8524,038,6544,203,2434,145,9274,293,100
Other Income Or Grants
Cost Of Sales7,565,8576,490,6834,005,2933,627,6145,261,5204,197,7673,327,3733,290,6413,134,0343,832,6353,885,7344,033,7373,943,0514,041,946
Gross Profit448,289450,652298,588238,100259,916214,633187,180194,442132,833165,217152,920169,506202,876251,154
Admin Expenses399,022293,424241,605131,960221,257171,586158,215194,597150,068151,293149,824173,053171,344216,18889,292
Operating Profit49,267157,22856,983106,14038,65943,04728,965-155-17,23513,9243,096-3,54731,53234,966-89,292
Interest Payable
Interest Receivable10,5722,7401257434682337102511634241460241
Pre-Tax Profit59,839159,96857,107106,21438,69343,11528,988-118-17,13313,9753,112-3,51331,77335,426-89,051
Tax-14,960-30,394-10,850-20,181-7,352-8,192-5,508-2,935-716-8,261-9,919
Profit After Tax44,879129,57446,25786,03331,34134,92323,480-118-17,13311,0402,396-3,51323,51225,507-89,051
Dividends Paid
Retained Profit44,879129,57446,25786,03331,34134,92323,480-118-17,13311,0402,396-3,51323,51225,507-89,051
Employee Costs244,145277,347207,855205,207261,600237,206168,529172,23562,68198,24664,84293,800103,398124,420
Number Of Employees56556655232334
EBITDA*63,568163,01664,563108,61841,80947,43435,1523,261-11,60016,6186,4061,12735,41640,894-81,968

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets44,20517,45623,2446,9809,45813,17118,56610,25316,9137,35310,04714,1709,69713,58119,509
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets44,20517,45623,2446,9809,45813,17118,56610,25316,9137,35310,04714,1709,69713,58119,509
Stock & work in progress5,21524,2192,106200215219243270360495550525562625694
Trade Debtors548,423518,644361,547243,361389,504325,905250,165209,719259,574356,741385,448397,873409,615400,112334,897
Group Debtors
Misc Debtors
Cash192,273210,452102,639146,4171,6597,41610,6367,53222,09018,7781,4864,9488,84087,61296,551
misc current assets
total current assets745,911753,315466,292389,978391,378333,540261,044217,521282,024376,014387,484403,346419,017488,349432,142
total assets790,116770,771489,536396,958400,836346,711279,610227,774298,937383,367397,531417,516428,714501,930451,651
Bank overdraft
Bank loan
Trade Creditors 432,589463,205310,444267,213356,653333,164303,488275,132344,239413,474436,325444,980448,095536,399505,502
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities432,589463,205310,444267,213356,653333,164303,488275,132344,239413,474436,325444,980448,095536,399505,502
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities1,9382,35316,07920,64929,07335,198
provisions8,3983,3164,4161,3261,7972,502
total long term liabilities8,3983,3164,4161,3261,7972,5021,9382,35316,07920,64929,07335,198
total liabilities440,987466,521314,860268,539358,450335,666303,488275,132346,177413,474438,678461,059468,744565,472540,700
net assets349,129304,250174,676128,41942,38611,045-23,878-47,358-47,240-30,107-41,147-43,543-40,030-63,542-89,049
total shareholders funds349,129304,250174,676128,41942,38611,045-23,878-47,358-47,240-30,107-41,147-43,543-40,030-63,542-89,049
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit49,267157,22856,983106,14038,65943,04728,965-155-17,23513,9243,096-3,54731,53234,966-89,292
Depreciation14,3015,7887,5802,4783,1504,3876,1873,4165,6352,6943,3104,6743,8845,9287,324
Amortisation
Tax-14,960-30,394-10,850-20,181-7,352-8,192-5,508-2,935-716-8,261-9,919
Stock-19,00422,1131,906-15-4-24-27-90-135-5525-37-63-69694
Debtors29,779157,097118,186-146,14363,59975,74040,446-49,855-97,167-28,707-12,425-11,7429,50365,215334,897
Creditors-30,616152,76143,231-89,44023,48929,67628,356-69,107-69,235-22,851-8,655-3,115-88,30430,897505,502
Accruals and Deferred Income
Deferred Taxes & Provisions5,082-1,1003,090-471-7052,502
Cash flow from operations12,299105,073-20,058144,684-6,354-4,29617,581-15,90116,46719,5949,4359,791-70,589-3,27487,943
Investing Activities
capital expenditure-41,050-23,8445631,008-14,5003,244-15,195813-9,147-26,833
Change in Investments
cash flow from investments-41,050-23,8445631,008-14,5003,244-15,195813-9,147-26,833
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-1,9381,938-2,353-13,726-4,570-8,424-6,12535,198
share issue2
interest10,5722,7401257434682337102511634241460241
cash flow from financing10,5722,74012574346823-1,9012,040-2,302-13,710-4,536-8,183-5,66535,441
cash and cash equivalents
cash-18,179107,813-43,778144,758-5,757-3,2203,104-14,5583,31217,292-3,462-3,892-78,772-8,93996,551
overdraft
change in cash-18,179107,813-43,778144,758-5,757-3,2203,104-14,5583,31217,292-3,462-3,892-78,772-8,93996,551

dove fuels limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Dove Fuels Limited Competitor Analysis

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Perform a competitor analysis for dove fuels limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in WS7 area or any other competitors across 12 key performance metrics.

dove fuels limited Ownership

DOVE FUELS LIMITED group structure

Dove Fuels Limited has no subsidiary companies.

Ultimate parent company

DOVE FUELS LIMITED

03785869

DOVE FUELS LIMITED Shareholders

rodney clinton harvey 66.67%
mark harvey 33.33%

dove fuels limited directors

Dove Fuels Limited currently has 2 directors. The longest serving directors include Mr Rodney Harvey (Jun 1999) and Mr Mark Harvey (Sep 1999).

officercountryagestartendrole
Mr Rodney HarveyEngland82 years Jun 1999- Director
Mr Mark Harvey57 years Sep 1999- Director

P&L

August 2023

turnover

8m

+15%

operating profit

49.3k

0%

gross margin

5.6%

-13.84%

turnover

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

Balance Sheet

August 2023

net assets

349.1k

+0.15%

total assets

790.1k

+0.03%

cash

192.3k

-0.09%

net assets

Total assets minus all liabilities

dove fuels limited company details

company number

03785869

Type

Private limited with Share Capital

industry

46711 - Wholesale of petroleum and petroleum products

incorporation date

June 1999

age

26

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

August 2023

previous names

N/A

accountant

-

auditor

-

address

30 bridge cross road, burntwood, staffordshire, WS7 2BY

Bank

-

Legal Advisor

-

dove fuels 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 1 charges/mortgages relating to dove fuels limited. Currently there are 0 open charges and 1 have been satisfied in the past.

dove fuels limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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dove fuels limited Companies House Filings - See Documents

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