Drivepoint Contractors Limited

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drivepoint contractors limited Company Information

Dissolved

Company Number

04174940

Website

www.drivepointcontractors.co.uk

Registered Address

suite 2, 2nd floor, phoenix house, brighton, BN1 2RT

Industry

Construction of other civil engineering projects n.e.c.

Telephone

01825721112

Next Accounts Due

June 2024

Group Structure

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Directors

Michael Hawkins23 Years

Linda Hawkins11 Years

Shareholders

drivepoint contractors properties ltd 100%

drivepoint contractors limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of DRIVEPOINT CONTRACTORS LIMITED at £3.2m based on a Turnover of £11.6m and 0.28x industry multiple (adjusted for size and gross margin).

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Drivepoint Contractors Limited is a dissolved company that was located in brighton, BN1 2RT with a Companies House number of 04174940. It operated in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in March 2001, it's largest shareholder was drivepoint contractors properties ltd with a 100% stake. The last turnover for Drivepoint Contractors Limited was estimated at £11.6m.

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Pomanda's financial health check has awarded Drivepoint Contractors Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £11.6m, make it larger than the average company (£9.5m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4.8%)

EXPORT

Drivepoint Contractors Limited's latest turnover from August 2020 is estimated at £11.6 million and the company has net assets of £465.7 thousand. According to their latest financial statements, Drivepoint Contractors Limited has 20 employees and maintains cash reserves of £10 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	11,555,099	9,219,513	5,003,552	7,390,660	5,453,733	5,823,483	3,437,133	5,097,383	5,123,849	4,301,326	3,922,687	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,651,811	7,633,543	4,079,338	5,892,106	4,411,827	4,753,529	2,803,516	4,111,423	4,032,004	3,395,593	3,026,615	0
Gross Profit	1,903,288	1,585,969	924,214	1,498,554	1,041,906	1,069,955	633,617	985,959	1,091,845	905,733	896,072	0
Admin Expenses	1,925,524	1,936,529	776,154	1,364,418	844,028	936,468	596,425	774,770	1,098,794	812,886	890,244	-146,441
Operating Profit	-22,236	-350,560	148,060	134,136	197,878	133,487	37,192	211,189	-6,949	92,847	5,828	146,441
Interest Payable	22,701	6,542	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19	1,297	2,092	1,684	2,198	1,842	959	1,063	565	376	455	326
Pre-Tax Profit	-44,918	-355,806	150,152	135,820	200,076	135,329	38,151	212,252	-6,384	93,223	6,283	146,767
Tax	0	0	-28,529	-25,806	-40,015	-27,066	-8,012	-48,818	0	-24,238	-1,759	-41,095
Profit After Tax	-44,918	-355,806	121,623	110,014	160,061	108,263	30,139	163,434	-6,384	68,985	4,524	105,672
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-44,918	-355,806	121,623	110,014	160,061	108,263	30,139	163,434	-6,384	68,985	4,524	105,672
Employee Costs	881,160	843,902	729,103	673,513	661,790	1,223,017	697,321	1,110,324	1,223,417	1,112,128	1,039,121	0
Number Of Employees	20	20	17	17	17	32	19	31	35	32	31	0
EBITDA*	197,689	-124,224	376,186	305,787	326,065	260,184	162,503	306,381	109,629	198,530	101,055	253,780

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	524,853	928,986	1,040,406	752,825	796,806	531,872	507,596	561,436	472,579	424,502	410,111	410,468
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	524,853	928,986	1,040,406	752,825	796,806	531,872	507,596	561,436	472,579	424,502	410,111	410,468
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,353,260	1,732,795	559,659	1,380,524	621,873	671,762	495,359	657,291	604,025	531,764	473,316	376,612
Group Debtors	643,571	411,280	336,172	130,668	69,466	0	0	0	0	0	0	0
Misc Debtors	17,650	17,650	798,999	411,644	307,983	0	0	0	0	0	0	0
Cash	10,048	27,939	317,814	239,951	1,107,369	651,183	85,611	297,986	127,169	98,875	51,698	130,421
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,024,529	2,189,664	2,012,644	2,162,787	2,106,691	1,322,945	580,970	955,277	731,194	630,639	525,014	507,033
total assets	3,549,382	3,118,650	3,053,050	2,915,612	2,903,497	1,854,817	1,088,566	1,516,713	1,203,773	1,055,141	935,125	917,501
Bank overdraft	310,391	93,846	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,699,592	1,524,773	1,025,019	1,312,115	1,263,674	1,229,890	616,108	983,762	948,754	778,445	802,230	785,566
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	6,595	95	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	147,614	0	0	0	0	0	0	0
other current liabilities	633,707	642,209	733,127	593,854	545,971	0	0	0	0	0	0	0
total current liabilities	2,643,690	2,260,828	1,758,146	1,905,969	1,957,259	1,229,890	616,108	983,762	948,754	785,040	802,325	785,566
loans	240,066	100,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	224,579	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	111,426	176,930	314,115	163,385	0	67,719	53,019	141,294	35,588	55,378	0	0
provisions	88,493	70,267	114,358	101,450	86,865	82,475	52,969	55,326	46,534	35,442	22,504	26,163
total long term liabilities	439,985	347,197	428,473	264,835	311,444	150,194	105,988	196,620	82,122	90,820	22,504	26,163
total liabilities	3,083,675	2,608,025	2,186,619	2,170,804	2,268,703	1,380,084	722,096	1,180,382	1,030,876	875,860	824,829	811,729
net assets	465,707	510,625	866,431	744,808	634,794	474,733	366,470	336,331	172,897	179,281	110,296	105,772
total shareholders funds	465,707	510,625	866,431	744,808	634,794	474,733	366,470	336,331	172,897	179,281	110,296	105,772

	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-22,236	-350,560	148,060	134,136	197,878	133,487	37,192	211,189	-6,949	92,847	5,828	146,441
Depreciation	219,925	226,336	228,126	171,651	128,187	126,697	125,311	95,192	116,578	105,683	95,227	107,339
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-28,529	-25,806	-40,015	-27,066	-8,012	-48,818	0	-24,238	-1,759	-41,095
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	852,756	466,895	-228,006	923,514	327,560	176,403	-161,932	53,266	72,261	58,448	96,704	376,612
Creditors	174,819	499,754	-287,096	48,441	33,784	613,782	-367,654	35,008	170,309	-23,785	16,664	785,566
Accruals and Deferred Income	-8,502	-90,918	139,273	47,883	545,971	0	0	0	0	0	0	0
Deferred Taxes & Provisions	18,226	-44,091	12,908	14,585	4,390	29,506	-2,357	8,792	11,092	12,938	-3,659	26,163
Cash flow from operations	-470,524	-226,374	440,748	-532,624	542,635	700,003	-53,588	248,097	218,769	104,997	15,597	647,802
Investing Activities
capital expenditure	184,208	-114,916	-515,707	-127,670	-393,121	-150,973	-71,471	-184,049	-164,655	-120,074	-94,870	-517,807
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	184,208	-114,916	-515,707	-127,670	-393,121	-150,973	-71,471	-184,049	-164,655	-120,074	-94,870	-517,807
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-6,595	6,500	95	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	140,066	100,000	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-372,193	372,193	0	0	0	0	0	0	0
other long term liabilities	-65,504	-137,185	150,730	163,385	-67,719	14,700	-88,275	105,706	-19,790	55,378	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	100
interest	-22,682	-5,245	2,092	1,684	2,198	1,842	959	1,063	565	376	455	326
cash flow from financing	51,880	-42,430	152,822	-207,124	306,672	16,542	-87,316	106,769	-25,820	62,254	550	426
cash and cash equivalents
cash	-17,891	-289,875	77,863	-867,418	456,186	565,572	-212,375	170,817	28,294	47,177	-78,723	130,421
overdraft	216,545	93,846	0	0	0	0	0	0	0	0	0	0
change in cash	-234,436	-383,721	77,863	-867,418	456,186	565,572	-212,375	170,817	28,294	47,177	-78,723	130,421

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRIVEPOINT CONTRACTORS LIMITED group structure

Drivepoint Contractors Limited has no subsidiary companies.

Ultimate parent company

DRIVEPOINT CONTRACTORS PROPERTIES LIMITED

04865744

1 parent

DRIVEPOINT CONTRACTORS LIMITED

04174940

DRIVEPOINT CONTRACTORS LIMITED Shareholders

drivepoint contractors properties ltd

100%

Drivepoint Contractors Limited currently has 2 directors. The longest serving directors include Mr Michael Hawkins (Mar 2001) and Mrs Linda Hawkins (Jun 2013).

officer	country	age	start	end	role
Mr Michael Hawkins	United Kingdom	50 years	Mar 2001	-	Director
Mrs Linda Hawkins		62 years	Jun 2013	-	Director

P&L

August 2020

turnover

11.6m

+25%

operating profit

-22.2k

gross margin

16.5%

-4.25%

turnover

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

Balance Sheet

August 2020

net assets

465.7k

-0.09%

total assets

3.5m

+0.14%

cash

10k

-0.64%

net assets

Total assets minus all liabilities

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company number

04174940

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

March 2001

age

accounts

Total Exemption Full

ultimate parent company

DRIVEPOINT CONTRACTORS PROPERTIES LIMITED

previous names

N/A

incorporated

address

suite 2, 2nd floor, phoenix house, brighton, BN1 2RT

last accounts submitted

August 2020

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 drivepoint contractors limited.

drivepoint contractors limited Company Information

drivepoint contractors limited Estimated Valuation

drivepoint contractors limited Estimated Valuation

drivepoint contractors limited Estimated Valuation

Drivepoint Contractors Limited Overview

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DRIVEPOINT CONTRACTORS LIMITED financials

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