ditto ltd

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ditto ltd Company Information

Share DITTO LTD

Company Number

03976764

Shareholders

ditto group limited

Group Structure

View All

Industry

Sound recording and music publishing activities

 

Registered Address

29-31 parliament street, liverpool, merseyside, L8 5RN

ditto ltd Estimated Valuation

£21.5m

Pomanda estimates the enterprise value of DITTO LTD at £21.5m based on a Turnover of £25.2m and 0.85x industry multiple (adjusted for size and gross margin).

ditto ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of DITTO LTD at £0 based on an EBITDA of £-655.4k and a 4.35x industry multiple (adjusted for size and gross margin).

ditto ltd Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of DITTO LTD at £1.6m based on Net Assets of £1.1m and 1.4x industry multiple (adjusted for liquidity).

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Ditto Ltd Overview

Ditto Ltd is a live company located in merseyside, L8 5RN with a Companies House number of 03976764. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in April 2000, it's largest shareholder is ditto group limited with a 100% stake. Ditto Ltd is a mature, large sized company, Pomanda has estimated its turnover at £25.2m with rapid growth in recent years.

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Ditto Ltd Health Check

Pomanda's financial health check has awarded Ditto Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £25.2m, make it larger than the average company (£486.4k)

£25.2m - Ditto Ltd

£486.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 60%, show it is growing at a faster rate (11%)

60% - Ditto Ltd

11% - Industry AVG

production

Production

with a gross margin of 43.8%, this company has a comparable cost of product (43.8%)

43.8% - Ditto Ltd

43.8% - Industry AVG

profitability

Profitability

an operating margin of -2.6% make it less profitable than the average company (8.1%)

-2.6% - Ditto Ltd

8.1% - Industry AVG

employees

Employees

with 50 employees, this is above the industry average (3)

50 - Ditto Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.1k, the company has an equivalent pay structure (£34.1k)

£34.1k - Ditto Ltd

£34.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £504.8k, this is more efficient (£128.5k)

£504.8k - Ditto Ltd

£128.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Ditto Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 176 days, this is slower than average (38 days)

176 days - Ditto Ltd

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ditto Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (30 weeks)

13 weeks - Ditto Ltd

30 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 88.5%, this is a higher level of debt than the average (76.4%)

88.5% - Ditto Ltd

76.4% - Industry AVG

DITTO LTD financials

EXPORTms excel logo

Ditto Ltd's latest turnover from April 2023 is estimated at £25.2 million and the company has net assets of £1.1 million. According to their latest financial statements, Ditto Ltd has 50 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover25,237,66418,615,2787,816,2356,175,0223,140,5771,865,706807,371938,358829,621546,358204,45393,704166,49767,006
Other Income Or Grants00000000000000
Cost Of Sales14,174,05810,855,0674,472,5773,233,0271,624,486966,917443,521466,582399,852299,849100,18244,91287,72915,129
Gross Profit11,063,6067,760,2103,343,6592,941,9951,516,091898,790363,850471,777429,769246,509104,27148,79278,76851,877
Admin Expenses11,729,60410,561,400-1,729,8822,722,8431,461,437849,338360,292467,102430,455242,02811,64347,81779,28824,674
Operating Profit-665,998-2,801,1905,073,541219,15254,65449,4523,5584,675-6864,48192,628975-52027,203
Interest Payable000000000000970
Interest Receivable97,12315,7982,1541,4549,4915,3546481,1785815433131611241
Pre-Tax Profit-568,875-2,785,3925,075,695220,60664,14454,8064,2065,854-1055,02492,9421,137-49327,204
Tax00-964,382-41,915-12,187-10,413-799-1,1710-1,055-21,377-2730-4,129
Profit After Tax-568,875-2,785,3924,111,313178,69151,95744,3933,4074,683-1053,96971,565864-49323,075
Dividends Paid00000000000000
Retained Profit-568,875-2,785,3924,111,313178,69151,95744,3933,4074,683-1053,96971,565864-49323,075
Employee Costs1,703,8102,118,2503,552,8062,430,341920,444585,831205,400182,596195,425142,55650,99244,13346,81646,826
Number Of Employees50487955201354431111
EBITDA*-655,381-2,789,2605,088,696238,54569,29358,25511,2879,4074,2718,85695,1772,6281,20927,408

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets39,84339,35647,47558,17862,58826,40823,18614,19414,87213,1267,6464,9615,087618
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets39,84339,35647,47558,17862,58826,40823,18614,19414,87213,1267,6464,9615,087618
Stock & work in progress00000000000000
Trade Debtors000526,180382,92063,23081,88152,75694,56569,07720,9039,85414,8351,862
Group Debtors4,693,2074,807,9781,708,03400000000000
Misc Debtors2,700,9672,136,7464,206,73400000000000
Cash2,313,3652,257,1411,955,5722,352,495554,9481,975,900165,639352,909118,438113,771103,29822,02642,5276,937
misc current assets00000000000000
total current assets9,707,5399,201,8657,870,3402,878,675937,8682,039,130247,520405,665213,003182,848124,20131,88057,3628,799
total assets9,747,3829,241,2217,917,8152,936,8531,000,4562,065,538270,706419,859227,875195,974131,84736,84162,4499,417
Bank overdraft00000000000002,976
Bank loan00000000000000
Trade Creditors 6,862,4236,189,8911,934,6162,576,590818,8841,935,923185,484338,044150,743118,73758,57935,13861,6100
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities1,758,1691,355,9161,511,62300000000005,109
total current liabilities8,620,5927,545,8073,446,2392,576,590818,8841,935,923185,484338,044150,743118,73758,57935,13861,6108,085
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions9,4819,230000000000000
total long term liabilities9,4819,230000000000000
total liabilities8,630,0737,555,0373,446,2392,576,590818,8841,935,923185,484338,044150,743118,73758,57935,13861,6108,085
net assets1,117,3091,686,1844,471,576360,263181,572129,61585,22281,81577,13277,23773,2681,7038391,332
total shareholders funds1,117,3091,686,1844,471,576360,263181,572129,61585,22281,81577,13277,23773,2681,7038391,332
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-665,998-2,801,1905,073,541219,15254,65449,4523,5584,675-6864,48192,628975-52027,203
Depreciation10,61711,93015,15519,39314,6398,8037,7294,7324,9574,3752,5491,6531,729205
Amortisation00000000000000
Tax00-964,382-41,915-12,187-10,413-799-1,1710-1,055-21,377-2730-4,129
Stock00000000000000
Debtors449,4501,029,9565,388,588143,260319,690-18,65129,125-41,80925,48848,17411,049-4,98112,9731,862
Creditors672,5324,255,275-641,9741,757,706-1,117,0391,750,439-152,560187,30132,00660,15823,441-26,47261,6100
Accruals and Deferred Income402,253-155,7071,511,623000000000-5,1095,109
Deferred Taxes & Provisions2519,230000000000000
Cash flow from operations-29,795289,582-394,6251,811,076-1,379,6231,816,932-171,197237,34610,78919,78586,192-19,13644,73726,526
Investing Activities
capital expenditure-11,104-3,811-4,452-14,983-50,819-12,025-16,721-4,054-6,703-9,855-5,234-1,527-6,198-823
Change in Investments00000000000000
cash flow from investments-11,104-3,811-4,452-14,983-50,819-12,025-16,721-4,054-6,703-9,855-5,234-1,527-6,198-823
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000000000-21,743
interest97,12315,7982,1541,4549,4915,3546481,178581543313161271
cash flow from financing97,12315,7982,1541,4549,4915,3546481,17858154331316127-21,742
cash and cash equivalents
cash56,224301,569-396,9231,797,547-1,420,9521,810,261-187,270234,4714,66710,47381,272-20,50135,5906,937
overdraft000000000000-2,9762,976
change in cash56,224301,569-396,9231,797,547-1,420,9521,810,261-187,270234,4714,66710,47381,272-20,50138,5663,961

ditto ltd 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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Ditto Ltd Competitor Analysis

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Perform a competitor analysis for ditto ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in L 8 area or any other competitors across 12 key performance metrics.

ditto ltd Ownership

DITTO LTD group structure

Ditto Ltd has no subsidiary companies.

Ultimate parent company

DITTO LTD

03976764

DITTO LTD Shareholders

ditto group limited 100%

ditto ltd directors

Ditto Ltd currently has 2 directors. The longest serving directors include Mr Matthew Parsons (Apr 2000) and Mr Lee Parsons (Apr 2010).

officercountryagestartendrole
Mr Matthew ParsonsEngland47 years Apr 2000- Director
Mr Lee ParsonsEngland46 years Apr 2010- Director

P&L

April 2023

turnover

25.2m

+36%

operating profit

-666k

0%

gross margin

43.9%

+5.16%

turnover

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

Balance Sheet

April 2023

net assets

1.1m

-0.34%

total assets

9.7m

+0.05%

cash

2.3m

+0.02%

net assets

Total assets minus all liabilities

ditto ltd company details

company number

03976764

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

incorporation date

April 2000

age

25

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2023

previous names

ditto computing limited (March 2006)

accountant

-

auditor

-

address

29-31 parliament street, liverpool, merseyside, L8 5RN

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

ditto ltd 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 did not find charges/mortgages relating to ditto ltd.

ditto ltd 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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ditto ltd Companies House Filings - See Documents

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