direct golf uk limited
direct golf uk limited Company Information
Company Number
03901345
Website
direct-golf.co.ukRegistered Address
the chancery 58 spring gardens, manchester, M2 1EW
Industry
Retail sale of sporting equipment in specialised stores
Telephone
-
Next Accounts Due
3003 days late
Group Structure
View All
Directors
James McKelvey8 Years
Shareholders
powerhouse golf limited 100%
direct golf uk limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT GOLF UK LIMITED at £12.4m based on a Turnover of £20.8m and 0.6x industry multiple (adjusted for size and gross margin).
direct golf uk limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT GOLF UK LIMITED at £3.3m based on an EBITDA of £488.7k and a 6.81x industry multiple (adjusted for size and gross margin).
direct golf uk limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT GOLF UK LIMITED at £4.8m based on Net Assets of £3.9m and 1.22x industry multiple (adjusted for liquidity).
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Direct Golf Uk Limited Overview
Direct Golf Uk Limited is a live company located in manchester, M2 1EW with a Companies House number of 03901345. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in December 1999, it's largest shareholder is powerhouse golf limited with a 100% stake. Direct Golf Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.8m with declining growth in recent years.
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Direct Golf Uk Limited Health Check
Pomanda's financial health check has awarded Direct Golf Uk Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
3 Weak
Size
annual sales of £20.8m, make it larger than the average company (£679.1k)
£20.8m - Direct Golf Uk Limited
£679.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (1.2%)
-4% - Direct Golf Uk Limited
1.2% - Industry AVG
Production
with a gross margin of 37.4%, this company has a comparable cost of product (32.6%)
37.4% - Direct Golf Uk Limited
32.6% - Industry AVG
Profitability
an operating margin of 1.9% make it as profitable than the average company (2%)
1.9% - Direct Golf Uk Limited
2% - Industry AVG
Employees
with 174 employees, this is above the industry average (80)
174 - Direct Golf Uk Limited
80 - Industry AVG
Pay Structure
on an average salary of £20.7k, the company has an equivalent pay structure (£20.9k)
£20.7k - Direct Golf Uk Limited
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £119.8k, this is equally as efficient (£113.6k)
£119.8k - Direct Golf Uk Limited
£113.6k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is later than average (5 days)
12 days - Direct Golf Uk Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (36 days)
68 days - Direct Golf Uk Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 180 days, this is more than average (117 days)
180 days - Direct Golf Uk Limited
117 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (11 weeks)
11 weeks - Direct Golf Uk Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.9%, this is a similar level of debt than the average (72.5%)
69.9% - Direct Golf Uk Limited
72.5% - Industry AVG
DIRECT GOLF UK LIMITED financials
Direct Golf Uk Limited's latest turnover from September 2014 is £20.8 million and the company has net assets of £3.9 million. According to their latest financial statements, Direct Golf Uk Limited has 174 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|
| Turnover | 20,844,813 | 23,866,445 | 25,415,193 | 23,405,157 | 19,081,474 | 20,028,227 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 13,047,455 | 15,305,118 | 16,430,727 | 15,130,185 | 12,200,421 | 12,791,070 |
| Gross Profit | 7,797,358 | 8,561,327 | 8,984,466 | 8,274,972 | 6,881,053 | 7,237,157 |
| Admin Expenses | 7,399,527 | 7,860,366 | 9,583,971 | 7,623,719 | 6,367,460 | 6,066,474 |
| Operating Profit | 397,831 | 700,961 | -599,505 | 651,253 | 513,593 | 1,170,683 |
| Interest Payable | 68,828 | 61,893 | 52,456 | 155,622 | 151,221 | 190,732 |
| Interest Receivable | 0 | 23 | 3 | 5 | 0 | 136 |
| Pre-Tax Profit | 329,003 | 639,091 | -651,958 | 495,636 | 362,372 | 980,087 |
| Tax | -80,103 | -87,589 | 73,166 | -166,664 | -177,510 | -332,902 |
| Profit After Tax | 248,900 | 551,502 | -578,792 | 328,972 | 184,862 | 647,185 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 248,900 | 551,502 | -578,792 | 328,972 | 184,862 | 647,185 |
| Employee Costs | 3,602,318 | 4,669,380 | 4,718,268 | 4,036,851 | 3,512,221 | 3,530,346 |
| Number Of Employees | 174 | 254 | 254 | 208 | 176 | 175 |
| EBITDA* | 488,735 | 874,139 | -143,549 | 1,002,822 | 832,738 | 1,464,440 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 676,383 | 1,366,993 | 1,189,045 | 888,593 | 541,930 | 367,050 |
| Intangible Assets | 2,541,697 | 2,550,197 | 2,558,697 | 2,715,261 | 2,819,480 | 3,000,001 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 249,001 | 318,271 | 0 | 0 |
| Total Fixed Assets | 3,218,080 | 3,917,190 | 3,996,743 | 3,922,125 | 3,361,410 | 3,367,051 |
| Stock & work in progress | 6,461,235 | 5,874,226 | 7,468,841 | 6,860,982 | 5,525,810 | 4,351,576 |
| Trade Debtors | 722,015 | 296,315 | 179,237 | 387,446 | 576,685 | 405,529 |
| Group Debtors | 1,066,398 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 454,436 | 1,771,434 | 737,941 | 786,265 | 405,612 | 307,660 |
| Cash | 1,177,657 | 831,570 | 16,749 | 10,977 | 20,116 | 1,590,269 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,881,741 | 8,773,545 | 8,402,768 | 8,045,670 | 6,528,223 | 6,655,034 |
| total assets | 13,099,821 | 12,690,735 | 12,399,511 | 11,967,795 | 9,889,633 | 10,022,085 |
| Bank overdraft | 1,677,775 | 1,906,749 | 2,803,269 | 1,936,743 | 1,600,361 | 683,570 |
| Bank loan | 200,000 | 200,000 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,457,390 | 3,526,513 | 4,178,756 | 3,865,845 | 2,123,651 | 2,404,339 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 923,721 | 741,017 | 1,197,665 | 1,289,189 | 1,546,265 | 1,540,685 |
| total current liabilities | 5,258,886 | 6,374,279 | 8,179,690 | 7,091,777 | 5,270,277 | 4,628,594 |
| loans | 3,714,413 | 1,700,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 77,670 | 822,000 | 1,600,000 | 1,675,000 | 1,750,000 | 2,750,000 |
| provisions | 111,629 | 106,133 | 83,000 | 85,405 | 82,715 | 41,712 |
| total long term liabilities | 3,903,712 | 2,628,133 | 1,683,000 | 1,760,405 | 1,832,715 | 2,791,712 |
| total liabilities | 9,162,598 | 9,002,412 | 9,862,690 | 8,852,182 | 7,102,992 | 7,420,306 |
| net assets | 3,937,223 | 3,688,323 | 2,536,821 | 3,115,613 | 2,786,641 | 2,601,779 |
| total shareholders funds | 3,937,223 | 3,688,323 | 2,536,821 | 3,115,613 | 2,786,641 | 2,601,779 |
| Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 397,831 | 700,961 | -599,505 | 651,253 | 513,593 | 1,170,683 |
| Depreciation | 82,404 | 164,678 | 249,392 | 147,350 | 118,624 | 93,757 |
| Amortisation | 8,500 | 8,500 | 206,564 | 204,219 | 200,521 | 200,000 |
| Tax | -80,103 | -87,589 | 73,166 | -166,664 | -177,510 | -332,902 |
| Stock | 587,009 | -1,594,615 | 607,859 | 1,335,172 | 1,174,234 | 4,351,576 |
| Debtors | 175,100 | 901,570 | -325,803 | 509,685 | 269,108 | 713,189 |
| Creditors | -1,069,123 | -652,243 | 312,911 | 1,742,194 | -280,688 | 2,404,339 |
| Accruals and Deferred Income | 182,704 | -456,648 | -91,524 | -257,076 | 5,580 | 1,540,685 |
| Deferred Taxes & Provisions | 5,496 | 23,133 | -2,405 | 2,690 | 41,003 | 41,712 |
| Cash flow from operations | -1,234,400 | 393,837 | -133,457 | 479,109 | -1,022,219 | 53,509 |
| Investing Activities | ||||||
| capital expenditure | -342,626 | -599,844 | -594,013 | -313,504 | -110,146 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -342,626 | -599,844 | -594,013 | -313,504 | -110,146 | |
| Financing Activities | ||||||
| Bank loans | 0 | 200,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,014,413 | 1,700,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -744,330 | -778,000 | -75,000 | -75,000 | -1,000,000 | 2,750,000 |
| share issue | ||||||
| interest | -68,828 | -61,870 | -52,453 | -155,617 | -151,221 | -190,596 |
| cash flow from financing | 1,201,255 | 1,660,130 | -127,453 | -230,617 | -1,151,221 | 4,513,998 |
| cash and cash equivalents | ||||||
| cash | 346,087 | 814,821 | 5,772 | -9,139 | -1,570,153 | 1,590,269 |
| overdraft | -228,974 | -896,520 | 866,526 | 336,382 | 916,791 | 683,570 |
| change in cash | 575,061 | 1,711,341 | -860,754 | -345,521 | -2,486,944 | 906,699 |
direct golf uk limited Credit Report and Business Information
Direct Golf Uk Limited Competitor Analysis
Perform a competitor analysis for direct golf uk limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in M 2 area or any other competitors across 12 key performance metrics.
direct golf uk limited Ownership
DIRECT GOLF UK LIMITED group structure
Direct Golf Uk Limited has no subsidiary companies.
direct golf uk limited directors
Direct Golf Uk Limited currently has 1 director, Mr James McKelvey serving since Oct 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James McKelvey | England | 57 years | Oct 2015 | - | Director |
P&L
September 2014turnover
20.8m
-13%
operating profit
397.8k
-43%
gross margin
37.5%
+4.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2014net assets
3.9m
+0.07%
total assets
13.1m
+0.03%
cash
1.2m
+0.42%
net assets
Total assets minus all liabilities
direct golf uk limited company details
company number
03901345
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
December 1999
age
25
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
September 2014
address
the chancery 58 spring gardens, manchester, M2 1EW
accountant
-
auditor
-
direct golf uk 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 2 charges/mortgages relating to direct golf uk limited. Currently there are 0 open charges and 2 have been satisfied in the past.
direct golf uk limited Companies House Filings - See Documents
| date | description | view/download |
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