Draychem Ltd

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draychem ltd Company Information

Company Number

03986854

Next Accounts

9 days late

Directors

Michael Lines

Shareholders

michael john lines

Group Structure

View All

Industry

Other business support service activities n.e.c.

Registered Address

unit 3a sawmills ind est, broughton gifford, melksham, wiltshire, SN12 8PH

Website

http://https://aerokem.com

draychem ltd Estimated Valuation

£111k

Pomanda estimates the enterprise value of DRAYCHEM LTD at £111k based on a Turnover of £272.6k and 0.41x industry multiple (adjusted for size and gross margin).

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Draychem Ltd is a live company located in melksham, SN12 8PH with a Companies House number of 03986854. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2000, it's largest shareholder is michael john lines with a 100% stake. Draychem Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £272.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Draychem Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £272.6k, make it smaller than the average company (£3.7m)

Growth

3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.6%)

EXPORT

Draychem Ltd's latest turnover from May 2023 is estimated at £272.6 thousand and the company has net assets of -£72.3 thousand. According to their latest financial statements, Draychem Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	272,587	292,520	600,845	599,137	739,434	702,107	700,273	736,279	353,492	291,272	461,551	503,606	434,715	333,076
Other Income Or Grants
Cost Of Sales	224,767	243,941	507,410	496,696	615,488	584,724	577,630	607,176	294,551	243,258	382,574	415,126	354,845	267,027
Gross Profit	47,820	48,579	93,435	102,441	123,946	117,383	122,643	129,103	58,941	48,014	78,977	88,480	79,871	66,048
Admin Expenses	34,488	131,072	101,185	100,067	123,163	111,398	122,370	128,838	59,201	48,559	78,455	88,503	81,241	63,413
Operating Profit	13,332	-82,493	-7,750	2,374	783	5,985	273	265	-260	-545	522	-23	-1,370	2,635
Interest Payable
Interest Receivable								1	2	1	2	2	3	3
Pre-Tax Profit	13,332	-82,493	-7,750	2,374	783	5,985	273	266	-258	-544	523	-21	-1,367	2,638
Tax	-3,333			-451	-149	-1,137	-52	-53			-120			-738
Profit After Tax	9,999	-82,493	-7,750	1,923	634	4,848	221	213	-258	-544	403	-21	-1,367	1,899
Dividends Paid
Retained Profit	9,999	-82,493	-7,750	1,923	634	4,848	221	213	-258	-544	403	-21	-1,367	1,899
Employee Costs	192,677	182,131	128,329	168,920	124,062	117,365	113,306	114,076	75,256	37,711	73,484	73,768	72,166	71,514
Number Of Employees	4	4	3	4	3	3	3	3	2	1	2	2	2	2
EBITDA*	13,332	-82,493	-7,750	2,374	783	5,985	273	265	4,360	6,296	6,935	5,709	6,105	7,818

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	22,670	20,062	26,060	6,441	8,382	10,737	12,058	13,774	15,548	24,618	23,512	21,150	28,004	19,030
Intangible Assets									1,625	1,950	2,275	2,600	2,925	3,250
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	22,670	20,062	26,060	6,441	8,382	10,737	12,058	13,774	17,173	26,568	25,787	23,750	30,929	22,280
Stock & work in progress									2,400	7,200	26,600	33,900	21,900	23,581
Trade Debtors	46,526	62,090	197,794	191,499	193,321	187,411	182,360	181,534	91,644	70,257	109,697	122,499	112,613	85,649
Group Debtors
Misc Debtors
Cash									502	200	11	700	242	1,029
misc current assets
total current assets	46,526	62,090	197,794	191,499	193,321	187,411	182,360	181,534	94,546	77,657	136,308	157,099	134,755	110,259
total assets	69,196	82,152	223,854	197,940	201,703	198,148	194,418	195,308	111,719	104,225	162,095	180,849	165,684	132,539
Bank overdraft
Bank loan
Trade Creditors	116,631	130,698	223,653	189,989	195,675	192,754	193,872	194,983	108,287	96,474	148,427	169,542	148,412	123,717
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	116,631	130,698	223,653	189,989	195,675	192,754	193,872	194,983	108,287	96,474	148,427	169,542	148,412	123,717
loans
hp & lease commitments
Accruals and Deferred Income	4,920	2,365
other liabilities	19,938	31,381							1,016	4,449	9,299	8,110	13,567	6,145
provisions									2,202	2,830	3,353	2,584	3,071	676
total long term liabilities	24,858	33,746							3,218	7,279	12,652	10,694	16,638	6,821
total liabilities	141,489	164,444	223,653	189,989	195,675	192,754	193,872	194,983	111,505	103,753	161,079	180,236	165,050	130,538
net assets	-72,293	-82,292	201	7,951	6,028	5,394	546	325	214	472	1,016	613	634	2,001
total shareholders funds	-72,293	-82,292	201	7,951	6,028	5,394	546	325	214	472	1,016	613	634	2,001

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	13,332	-82,493	-7,750	2,374	783	5,985	273	265	-260	-545	522	-23	-1,370	2,635
Depreciation									4,295	6,516	6,088	5,407	7,150	4,858
Amortisation									325	325	325	325	325	325
Tax	-3,333			-451	-149	-1,137	-52	-53			-120			-738
Stock								-2,400	-4,800	-19,400	-7,300	12,000	-1,681	23,581
Debtors	-15,564	-135,704	6,295	-1,822	5,910	5,051	826	89,890	21,387	-39,440	-12,802	9,886	26,964	85,649
Creditors	-14,067	-92,955	33,664	-5,686	2,921	-1,118	-1,111	86,696	11,813	-51,953	-21,115	21,130	24,695	123,717
Accruals and Deferred Income	2,555	2,365
Deferred Taxes & Provisions								-2,202	-628	-523	769	-487	2,395	676
Cash flow from operations	14,051	-37,379	19,619	-1,941	-2,355	-1,321	-1,716	-2,784	-1,042	12,660	6,571	4,466	7,912	22,243
Investing Activities
capital expenditure	-2,608	5,998	-19,619	1,941	2,355	1,321	1,716	3,399	4,775	-7,622	-8,450	1,447	-16,124	-27,463
Change in Investments
cash flow from investments	-2,608	5,998	-19,619	1,941	2,355	1,321	1,716	3,399	4,775	-7,622	-8,450	1,447	-16,124	-27,463
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-11,443	31,381						-1,016	-3,433	-4,850	1,189	-5,457	7,422	6,145
share issue								-102						102
interest								1	2	1	2	2	3	3
cash flow from financing	-11,443	31,381						-1,117	-3,431	-4,849	1,191	-5,455	7,425	6,250
cash and cash equivalents
cash								-502	302	189	-689	458	-787	1,029
overdraft
change in cash								-502	302	189	-689	458	-787	1,029

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for draychem ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in SN12 area or any other competitors across 12 key performance metrics.

DRAYCHEM LTD group structure

Draychem Ltd has no subsidiary companies.

Ultimate parent company

DRAYCHEM LTD

03986854

DRAYCHEM LTD Shareholders

michael john lines

100%

Draychem Ltd currently has 1 director, Mr Michael Lines serving since May 2000.

officer	country	age	start	end	role
Mr Michael Lines	England	60 years	May 2000	-	Director

P&L

May 2023

turnover

272.6k

-7%

operating profit

13.3k

gross margin

17.6%

+5.64%

turnover

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

Balance Sheet

May 2023

net assets

-72.3k

-0.12%

total assets

69.2k

-0.16%

cash

net assets

Total assets minus all liabilities

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company number

03986854

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2000

ultimate parent company

None

previous names

N/A

address

unit 3a sawmills ind est, broughton gifford, melksham, wiltshire, SN12 8PH

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 3 charges/mortgages relating to draychem ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

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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draychem ltd Company Information

draychem ltd Estimated Valuation

draychem ltd Estimated Valuation

draychem ltd Estimated Valuation

Draychem Ltd Overview

Draychem Ltd Health Check

DRAYCHEM LTD financials

draychem ltd Credit Report and Business Information

Draychem Ltd Competitor Analysis

draychem ltd Ownership

draychem ltd directors

draychem ltd company details

draychem ltd Charges & Mortgages

draychem ltd Capital Raised & Share Issues BETA

draychem ltd Companies House Filings - See Documents