Downie Drywall Systems Limited

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downie drywall systems limited Company Information

Live

MatureSmallDeclining

Company Number

04046160

Website

www.downiedrywall.co.uk

Registered Address

singleton court business, centre wonastow road, monmouth, monmouthshire, NP25 5JA

Industry

Other building completion and finishing

Telephone

01600719365

Next Accounts Due

October 2024

Group Structure

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Directors

Joseph Downie17 Years

Shareholders

kirsty downie 20%

jack michael downie 20%

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downie drywall systems limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of DOWNIE DRYWALL SYSTEMS LIMITED at £2.3m based on Net Assets of £926.8k and 2.45x industry multiple (adjusted for liquidity).

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Downie Drywall Systems Limited is a live company located in monmouth, NP25 5JA with a Companies House number of 04046160. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in August 2000, it's largest shareholder is kirsty downie with a 20% stake. Downie Drywall Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Downie Drywall Systems 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

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2.9m, make it larger than the average company (£267.8k)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (7.5%)

EXPORT

Downie Drywall Systems Limited's latest turnover from January 2023 is estimated at £2.9 million and the company has net assets of £926.8 thousand. According to their latest financial statements, Downie Drywall Systems Limited has 7 employees and maintains cash reserves of £255.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	2,870,086	2,782,861	3,044,763	5,162,548	4,587,580	3,836,553	4,283,796	3,354,745	4,188,690	4,707,833	4,187,882	4,231,241	3,975,719	5,580,609
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,150,678	2,071,090	2,130,142	3,637,050	3,100,490	2,593,866	2,969,731	2,285,577	2,767,751	3,248,707	2,953,423	2,950,735	2,777,999	3,846,739
Gross Profit	719,408	711,771	914,621	664,799	548,175	596,878	1,314,066	1,069,168	1,420,939	1,459,127	1,234,458	1,280,507	1,197,721	1,733,870
Admin Expenses	536,730	681,148	927,669	424,022	331,477	358,121	1,177,535	1,049,586	1,442,438	1,406,166	1,235,489	1,355,149	1,244,698	1,214,091
Operating Profit	182,678	30,623	-13,048	240,777	216,698	238,757	136,531	19,582	-21,499	52,961	-1,031	-74,642	-46,977	519,779
Interest Payable	3,000	2,343	1,220	0	4	15	0	0	0	0	0	0	0	0
Interest Receivable	7,242	264	102	0	0	0	3	5	5	5	5	5	5	3
Pre-Tax Profit	186,920	28,543	-14,166	240,777	216,694	238,742	136,534	19,588	-21,494	52,966	-1,026	-74,637	-46,972	519,782
Tax	-35,515	-5,423	0	-47,320	-42,235	-46,914	-27,307	-3,917	0	-12,182	0	0	0	-145,539
Profit After Tax	151,405	23,120	-14,166	193,457	174,459	191,828	109,227	15,670	-21,494	40,784	-1,026	-74,637	-46,972	374,243
Dividends Paid	0	0	0	67,000	61,000	61,100	0	0	0	0	0	0	0	0
Retained Profit	151,405	23,120	-14,166	126,457	113,459	130,728	109,227	15,670	-21,494	40,784	-1,026	-74,637	-46,972	374,243
Employee Costs	224,315	229,052	224,897	1,156,381	1,094,307	768,934	911,782	577,675	686,150	726,693	626,927	673,441	727,454	1,071,590
Number Of Employees	7	7	7	37	32	24	25	15	18	20	19	21	23	34
EBITDA*	182,678	31,622	-9,685	246,528	222,465	243,945	141,012	21,688	-19,393	54,646	-1,021	-74,272	-36,569	531,612

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	3	3	1,002	4,365	10,116	11,888	7,565	2,546	4,652	6,758	18	28	398	807
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	1	10,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3	3	1,002	4,365	10,116	11,888	7,565	2,546	4,652	6,758	18	28	399	10,807
Stock & work in progress	21,473	20,066	25,701	36,416	24,605	32,021	23,762	21,129	34,466	20,684	33,261	24,398	15,728	13,103
Trade Debtors	818,189	817,652	904,367	969,717	836,636	713,550	727,824	574,387	725,503	741,883	582,036	669,717	625,018	793,434
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,300	8,300	8,300	0	0	0	0	0	0	0	0	0	0	0
Cash	255,310	158,495	52,563	152,397	119,883	201,830	1,075	1,075	1,075	1,075	1,050	1,050	1,050	1,050
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,103,272	1,004,513	990,931	1,158,530	981,124	947,401	752,661	596,591	761,044	763,642	616,347	695,165	641,796	807,587
total assets	1,103,275	1,004,516	991,933	1,162,895	991,240	959,289	760,226	599,137	765,696	770,400	616,365	695,193	642,195	818,394
Bank overdraft	7,520	7,520	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	0
Trade Creditors	96,573	136,994	86,080	366,413	297,453	348,990	364,423	312,561	494,790	478,000	364,749	442,551	314,916	444,143
Group/Directors Accounts	0	0	0	30,033	53,795	83,768	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	51,724	57,131	113,570	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	155,817	201,645	199,650	396,446	351,248	432,758	364,423	312,561	494,790	478,000	364,749	442,551	314,916	444,143
loans	20,650	27,468	40,000	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	20,650	27,468	40,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	176,467	229,113	239,650	396,446	351,248	432,758	364,423	312,561	494,790	478,000	364,749	442,551	314,916	444,143
net assets	926,808	775,403	752,283	766,449	639,992	526,531	395,803	286,576	270,906	292,400	251,616	252,642	327,279	374,251
total shareholders funds	926,808	775,403	752,283	766,449	639,992	526,531	395,803	286,576	270,906	292,400	251,616	252,642	327,279	374,251

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	182,678	30,623	-13,048	240,777	216,698	238,757	136,531	19,582	-21,499	52,961	-1,031	-74,642	-46,977	519,779
Depreciation	0	999	3,363	5,751	5,767	5,188	4,481	2,106	2,106	1,685	10	370	409	1,833
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	9,999	10,000
Tax	-35,515	-5,423	0	-47,320	-42,235	-46,914	-27,307	-3,917	0	-12,182	0	0	0	-145,539
Stock	1,407	-5,635	-10,715	11,811	-7,416	8,259	2,633	-13,337	13,782	-12,577	8,863	8,670	2,625	13,103
Debtors	537	-86,715	-57,050	133,081	123,086	-14,274	153,437	-151,116	-16,380	159,847	-87,681	44,699	-168,416	793,434
Creditors	-40,421	50,914	-280,333	68,960	-51,537	-15,433	51,862	-182,229	16,790	113,251	-77,802	127,635	-129,227	444,143
Accruals and Deferred Income	-5,407	-56,439	113,570	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	99,391	113,024	-108,683	123,276	13,023	187,613	9,497	-5	-5	8,445	-5	-6	-5	23,679
Investing Activities
capital expenditure	0	0	0	0	-3,995	-9,511	-9,500	0	0	-8,425	0	1	0	-22,640
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-3,995	-9,511	-9,500	0	0	-8,425	0	1	0	-22,640
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-30,033	-23,762	-29,973	83,768	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-6,818	-12,532	40,000	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	2	0	0	0	0	0	0	0	0	8
interest	4,242	-2,079	-1,118	0	-4	-15	3	5	5	5	5	5	5	3
cash flow from financing	-2,576	-14,611	8,849	-23,762	-29,975	83,753	3	5	5	5	5	5	5	11
cash and cash equivalents
cash	96,815	105,932	-99,834	32,514	-81,947	200,755	0	0	0	25	0	0	0	1,050
overdraft	0	7,520	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	96,815	98,412	-99,834	32,514	-81,947	200,755	0	0	0	25	0	0	0	1,050

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DOWNIE DRYWALL SYSTEMS LIMITED group structure

Downie Drywall Systems Limited has no subsidiary companies.

Ultimate parent company

DOWNIE DRYWALL SYSTEMS LIMITED

04046160

DOWNIE DRYWALL SYSTEMS LIMITED Shareholders

kirsty downie	20%
jack michael downie	20%
samuel james downie	20%
joseph thomas downie	20%
thomas downie	10%
lucie anne downie	10%

Downie Drywall Systems Limited currently has 1 director, Mr Joseph Downie serving since Feb 2007.

officer	country	age	start	end	role
Mr Joseph Downie		38 years	Feb 2007	-	Director

P&L

January 2023

turnover

2.9m

+3%

operating profit

182.7k

gross margin

25.1%

-2%

turnover

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

Balance Sheet

January 2023

net assets

926.8k

+0.2%

total assets

1.1m

+0.1%

cash

255.3k

+0.61%

net assets

Total assets minus all liabilities

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company number

04046160

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

incorporation date

August 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

singleton court business, centre wonastow road, monmouth, monmouthshire, NP25 5JA

last accounts submitted

January 2023

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 downie drywall systems limited. Currently there are 2 open charges and 0 have been satisfied in the past.

downie drywall systems limited Company Information

downie drywall systems limited Estimated Valuation

downie drywall systems limited Estimated Valuation

downie drywall systems limited Estimated Valuation

Downie Drywall Systems Limited Overview

Downie Drywall Systems Limited Health Check

DOWNIE DRYWALL SYSTEMS LIMITED financials

downie drywall systems limited Credit Report and Business Information

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downie drywall systems limited Ownership

downie drywall systems limited directors

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