dare digital limited
dare digital limited Company Information
Company Number
04003561
Website
www.thisisdare.comRegistered Address
151 rosebery avenue, london, EC1R 4AB
Industry
Advertising agencies
Telephone
02031423508
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
inside ideas group ltd 100%
dare digital limited Estimated Valuation
Pomanda estimates the enterprise value of DARE DIGITAL LIMITED at £6.3m based on a Turnover of £6m and 1.06x industry multiple (adjusted for size and gross margin).
dare digital limited Estimated Valuation
Pomanda estimates the enterprise value of DARE DIGITAL LIMITED at £5.5m based on an EBITDA of £787k and a 6.96x industry multiple (adjusted for size and gross margin).
dare digital limited Estimated Valuation
Pomanda estimates the enterprise value of DARE DIGITAL LIMITED at £6.5m based on Net Assets of £3.3m and 1.98x industry multiple (adjusted for liquidity).
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Dare Digital Limited Overview
Dare Digital Limited is a live company located in london, EC1R 4AB with a Companies House number of 04003561. It operates in the advertising agencies sector, SIC Code 73110. Founded in May 2000, it's largest shareholder is inside ideas group ltd with a 100% stake. Dare Digital Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6m with declining growth in recent years.
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Dare Digital Limited Health Check
Pomanda's financial health check has awarded Dare Digital Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £6m, make it smaller than the average company (£9.1m)
£6m - Dare Digital Limited
£9.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (0.9%)
-4% - Dare Digital Limited
0.9% - Industry AVG
Production
with a gross margin of 96.4%, this company has a lower cost of product (47.1%)
96.4% - Dare Digital Limited
47.1% - Industry AVG
Profitability
an operating margin of 13% make it more profitable than the average company (6.5%)
13% - Dare Digital Limited
6.5% - Industry AVG
Employees
with 42 employees, this is similar to the industry average (45)
42 - Dare Digital Limited
45 - Industry AVG
Pay Structure
on an average salary of £63.6k, the company has an equivalent pay structure (£63.6k)
- Dare Digital Limited
£63.6k - Industry AVG
Efficiency
resulting in sales per employee of £142.7k, this is less efficient (£177.3k)
£142.7k - Dare Digital Limited
£177.3k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (65 days)
34 days - Dare Digital Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 158 days, this is slower than average (45 days)
158 days - Dare Digital Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Dare Digital Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 105 weeks, this is more cash available to meet short term requirements (18 weeks)
105 weeks - Dare Digital Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23%, this is a lower level of debt than the average (68.6%)
23% - Dare Digital Limited
68.6% - Industry AVG
DARE DIGITAL LIMITED financials
Dare Digital Limited's latest turnover from December 2022 is £6 million and the company has net assets of £3.3 million. According to their latest financial statements, Dare Digital Limited has 42 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,992,000 | 6,823,000 | 5,702,000 | 6,688,000 | 11,835,000 | 9,893,000 | 12,743,000 | 17,245,000 | 21,755,000 | 22,412,510 | 17,478,131 | 21,772,348 | 16,891,693 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 217,000 | 454,000 | 157,000 | 891,000 | 3,887,000 | 3,272,000 | 2,011,000 | 5,005,000 | 5,928,000 | 6,608,257 | 2,635,514 | 3,269,278 | 2,095,597 |
| Gross Profit | 5,775,000 | 6,369,000 | 5,545,000 | 5,797,000 | 7,948,000 | 6,621,000 | 10,732,000 | 12,240,000 | 15,827,000 | 15,804,253 | 14,842,617 | 18,503,070 | 14,796,096 |
| Admin Expenses | 4,999,000 | 5,372,000 | 4,898,000 | 5,365,000 | 7,613,000 | 6,297,000 | 11,680,000 | 14,015,000 | 15,399,000 | 15,285,720 | 14,653,898 | 18,258,050 | 12,802,665 |
| Operating Profit | 776,000 | 997,000 | 647,000 | 432,000 | 335,000 | 324,000 | -948,000 | -1,775,000 | 428,000 | 518,533 | 188,719 | 245,020 | 1,993,431 |
| Interest Payable | 0 | 0 | 0 | 0 | 2,000 | 3,000 | 1,000 | 0 | 0 | 0 | 0 | 8,590 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 3,000 | 0 | 19,000 | 3,000 | 1,000 | 1,505 | 697 | 2,355 | 41,950 |
| Pre-Tax Profit | 776,000 | 997,000 | 647,000 | 432,000 | 336,000 | 321,000 | -930,000 | -1,772,000 | 429,000 | 520,038 | 189,416 | 238,785 | 2,035,381 |
| Tax | 34,000 | -109,000 | -57,000 | -210,000 | -77,000 | 145,000 | 560,000 | -195,000 | -147,000 | -137,690 | -138,624 | -183,756 | -542,098 |
| Profit After Tax | 810,000 | 888,000 | 590,000 | 222,000 | 259,000 | 466,000 | -370,000 | -1,967,000 | 282,000 | 382,348 | 50,792 | 55,029 | 1,493,283 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 594,000 | 603,000 | 0 | 1,000,000 | 1,471,497 | 2,436,347 |
| Retained Profit | 810,000 | 888,000 | 590,000 | 222,000 | 259,000 | 466,000 | -370,000 | -2,561,000 | -321,000 | 382,348 | -949,208 | -1,416,468 | -943,064 |
| Employee Costs | 3,089,000 | 5,341,000 | 5,089,000 | 9,594,000 | 8,461,000 | 9,697,000 | 9,596,564 | 9,604,533 | 11,905,266 | 9,002,021 | |||
| Number Of Employees | 42 | 48 | 48 | 54 | 69 | 57 | 72 | 129 | 145 | 162 | 156 | 180 | 179 |
| EBITDA* | 787,000 | 1,021,000 | 706,000 | 508,000 | 447,000 | 370,000 | -159,000 | -1,590,000 | 665,000 | 818,721 | 492,164 | 811,468 | 2,537,324 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,000 | 25,000 | 21,000 | 53,000 | 99,000 | 109,000 | 115,000 | 904,000 | 1,075,000 | 1,309,982 | 1,377,923 | 1,598,321 | 720,326 |
| Intangible Assets | 6,000 | 3,000 | 8,000 | 25,000 | 43,000 | 1,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 3 | 3 |
| Debtors (Due After 1 year) | 543,000 | 459,000 | 1,754,000 | 865,000 | 870,000 | 995,000 | 878,000 | 0 | 521,000 | 692,300 | 708,908 | 0 | 0 |
| Total Fixed Assets | 563,000 | 487,000 | 1,783,000 | 943,000 | 1,012,000 | 1,105,000 | 995,000 | 904,000 | 1,596,000 | 2,002,285 | 2,086,834 | 1,598,324 | 720,329 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 560,000 | 661,000 | 477,000 | 317,000 | 490,000 | 597,000 | 1,902,000 | 2,783,000 | 3,895,000 | 5,322,048 | 4,367,606 | 3,312,207 | 2,388,119 |
| Group Debtors | 1,006,000 | 767,000 | 3,196,000 | 3,099,000 | 5,776,000 | 3,597,000 | 648,000 | 2,322,000 | 348,000 | 8,067,124 | 3,126,636 | 414,976 | 5,184 |
| Misc Debtors | 143,000 | 457,000 | 391,000 | 646,000 | 1,109,000 | 2,011,000 | 2,839,000 | 1,775,000 | 2,116,000 | 533,466 | 9,090,913 | 1,588,745 | 1,251,011 |
| Cash | 1,981,000 | 3,664,000 | 162,000 | 333,000 | 74,000 | 322,000 | 460,000 | 753,000 | 170,000 | 783,651 | 515,322 | 2,159,020 | 2,733,802 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,690,000 | 5,549,000 | 4,226,000 | 4,395,000 | 7,449,000 | 6,527,000 | 5,849,000 | 7,633,000 | 6,529,000 | 14,706,289 | 17,100,477 | 7,474,948 | 6,378,116 |
| total assets | 4,253,000 | 6,036,000 | 6,009,000 | 5,338,000 | 8,461,000 | 7,632,000 | 6,844,000 | 8,537,000 | 8,125,000 | 16,708,574 | 19,187,311 | 9,073,272 | 7,098,445 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 94,000 | 412,000 | 39,000 | 152,000 | 250,000 | 1,143,000 | 542,000 | 283,000 | 253,000 | 384,201 | 316,449 | 211,196 | 222,914 |
| Group/Directors Accounts | 384,000 | 804,000 | 882,000 | 2,165,000 | 4,745,000 | 3,075,000 | 811,000 | 3,683,000 | 1,994,000 | 10,926,668 | 6,221,937 | 3,514,989 | 39,282 |
| other short term finances | 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 | 0 | 0 |
| other current liabilities | 501,000 | 742,000 | 1,898,000 | 421,000 | 1,088,000 | 1,295,000 | 3,838,000 | 4,328,000 | 3,082,000 | 2,341,100 | 10,099,192 | 1,848,146 | 1,920,840 |
| total current liabilities | 979,000 | 1,958,000 | 2,819,000 | 2,738,000 | 6,083,000 | 5,513,000 | 5,191,000 | 8,294,000 | 5,329,000 | 13,651,969 | 16,637,578 | 5,574,331 | 2,183,036 |
| loans | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 140,000 | 132,000 | 124,524 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 140,000 | 132,000 | 124,524 | 0 | 0 | 0 |
| total liabilities | 979,000 | 1,958,000 | 2,819,000 | 2,738,000 | 6,083,000 | 5,513,000 | 5,191,000 | 8,434,000 | 5,461,000 | 13,776,493 | 16,637,578 | 5,574,331 | 2,183,036 |
| net assets | 3,274,000 | 4,078,000 | 3,190,000 | 2,600,000 | 2,378,000 | 2,119,000 | 1,653,000 | 103,000 | 2,664,000 | 2,932,081 | 2,549,733 | 3,498,941 | 4,915,409 |
| total shareholders funds | 3,274,000 | 4,078,000 | 3,190,000 | 2,600,000 | 2,378,000 | 2,119,000 | 1,653,000 | 103,000 | 2,664,000 | 2,932,081 | 2,549,733 | 3,498,941 | 4,915,409 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 776,000 | 997,000 | 647,000 | 432,000 | 335,000 | 324,000 | -948,000 | -1,775,000 | 428,000 | 518,533 | 188,719 | 245,020 | 1,993,431 |
| Depreciation | 11,000 | 16,000 | 42,000 | 58,000 | 97,000 | 45,000 | 788,000 | 185,000 | 237,000 | 300,188 | 303,445 | 566,448 | 543,893 |
| Amortisation | 0 | 8,000 | 17,000 | 18,000 | 15,000 | 1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 34,000 | -109,000 | -57,000 | -210,000 | -77,000 | 145,000 | 560,000 | -195,000 | -147,000 | -137,690 | -138,624 | -183,756 | -542,098 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -92,000 | -3,474,000 | 891,000 | -3,318,000 | 1,045,000 | 933,000 | 6,267,000 | 0 | -7,734,938 | -2,679,125 | 11,978,135 | 1,671,614 | 3,644,314 |
| Creditors | -318,000 | 373,000 | -113,000 | -98,000 | -893,000 | 601,000 | 542,000 | 30,000 | -131,201 | 67,752 | 105,253 | -11,718 | 222,914 |
| Accruals and Deferred Income | -241,000 | -1,156,000 | 1,477,000 | -667,000 | -207,000 | -2,543,000 | 3,838,000 | 1,246,000 | 740,900 | -7,758,092 | 8,251,046 | -72,694 | 1,920,840 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 7,476 | 124,524 | 0 | 0 | 0 |
| Cash flow from operations | 354,000 | 3,603,000 | 1,122,000 | 2,851,000 | -1,775,000 | -2,360,000 | -1,486,000 | -501,000 | 8,870,113 | -4,205,660 | -3,268,296 | -1,128,314 | 494,666 |
| Investing Activities | |||||||||||||
| capital expenditure | -232,247 | -224,909 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | 0 | 0 | 0 | 3 |
| cash flow from investments | -232,247 | -224,912 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -420,000 | -78,000 | -1,283,000 | -2,580,000 | 1,670,000 | 2,264,000 | 811,000 | 1,689,000 | -8,932,668 | 4,704,731 | 2,706,948 | 3,475,707 | 39,282 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 0 | 0 | 0 | 0 | 1,000 | -3,000 | 18,000 | 3,000 | 1,000 | 1,505 | 697 | -6,235 | 41,950 |
| cash flow from financing | -2,034,000 | -78,000 | -1,283,000 | -2,580,000 | 1,671,000 | 2,261,000 | 2,852,000 | 1,692,000 | -8,878,749 | 4,706,236 | 2,707,645 | 3,469,472 | 5,939,705 |
| cash and cash equivalents | |||||||||||||
| cash | -1,683,000 | 3,502,000 | -171,000 | 259,000 | -248,000 | -138,000 | 460,000 | 583,000 | -613,651 | 268,329 | -1,643,698 | -574,782 | 2,733,802 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,683,000 | 3,502,000 | -171,000 | 259,000 | -248,000 | -138,000 | 460,000 | 583,000 | -613,651 | 268,329 | -1,643,698 | -574,782 | 2,733,802 |
dare digital limited Credit Report and Business Information
Dare Digital Limited Competitor Analysis
Perform a competitor analysis for dare digital limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
dare digital limited Ownership
DARE DIGITAL LIMITED group structure
Dare Digital Limited has 4 subsidiary companies.
Ultimate parent company
YOU & MR JONES LLC
#0100292
2 parents
DARE DIGITAL LIMITED
04003561
4 subsidiaries
dare digital limited directors
Dare Digital Limited currently has 3 directors. The longest serving directors include Mr Simon Martin (Sep 2015) and Ms Sharon Whale (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Martin | England | 57 years | Sep 2015 | - | Director |
| Ms Sharon Whale | United Kingdom | 57 years | Sep 2020 | - | Director |
| Ms Amina Folarin | 39 years | Sep 2023 | - | Director |
P&L
December 2022turnover
6m
-12%
operating profit
776k
-22%
gross margin
96.4%
+3.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.3m
-0.2%
total assets
4.3m
-0.3%
cash
2m
-0.46%
net assets
Total assets minus all liabilities
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dare digital limited company details
company number
04003561
Type
Private limited with Share Capital
industry
73110 - Advertising agencies
incorporation date
May 2000
age
24
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
daredigital limited (October 2000)
the engine room digital limited (June 2000)
incorporated
UK
address
151 rosebery avenue, london, EC1R 4AB
last accounts submitted
December 2022
dare digital 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 8 charges/mortgages relating to dare digital limited. Currently there are 2 open charges and 6 have been satisfied in the past.
dare digital limited Companies House Filings - See Documents
| date | description | view/download |
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