phillips auctioneers limited

phillips auctioneers limited Company Information

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Company Number

04228373

Industry

Operation of arts facilities

 

Directors

Edward Dolman

Paul De Bono

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Shareholders

phillips assets ltd

Group Structure

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Contact

Registered Address

30 berkeley square, berkeley square, london, W1J 6EX

phillips auctioneers limited Estimated Valuation

£36m

Pomanda estimates the enterprise value of PHILLIPS AUCTIONEERS LIMITED at £36m based on a Turnover of £33.5m and 1.07x industry multiple (adjusted for size and gross margin).

phillips auctioneers limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PHILLIPS AUCTIONEERS LIMITED at £0 based on an EBITDA of £-23.7m and a 13.34x industry multiple (adjusted for size and gross margin).

phillips auctioneers limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PHILLIPS AUCTIONEERS LIMITED at £0 based on Net Assets of £-132.5m and 1.37x industry multiple (adjusted for liquidity).

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Phillips Auctioneers Limited Overview

Phillips Auctioneers Limited is a live company located in london, W1J 6EX with a Companies House number of 04228373. It operates in the operation of arts facilities sector, SIC Code 90040. Founded in June 2001, it's largest shareholder is phillips assets ltd with a 100% stake. Phillips Auctioneers Limited is a mature, large sized company, Pomanda has estimated its turnover at £33.5m with healthy growth in recent years.

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Phillips Auctioneers Limited Health Check

Pomanda's financial health check has awarded Phillips Auctioneers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £33.5m, make it larger than the average company (£431.6k)

£33.5m - Phillips Auctioneers Limited

£431.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.2%)

13% - Phillips Auctioneers Limited

4.2% - Industry AVG

production

Production

with a gross margin of 56.9%, this company has a comparable cost of product (54.3%)

56.9% - Phillips Auctioneers Limited

54.3% - Industry AVG

profitability

Profitability

an operating margin of -73.1% make it less profitable than the average company (1.2%)

-73.1% - Phillips Auctioneers Limited

1.2% - Industry AVG

employees

Employees

with 202 employees, this is above the industry average (10)

202 - Phillips Auctioneers Limited

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £120.5k, the company has a higher pay structure (£21.2k)

£120.5k - Phillips Auctioneers Limited

£21.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £165.6k, this is more efficient (£54.8k)

£165.6k - Phillips Auctioneers Limited

£54.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 209 days, this is later than average (8 days)

209 days - Phillips Auctioneers Limited

8 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 702 days, this is slower than average (32 days)

702 days - Phillips Auctioneers Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 101 days, this is more than average (13 days)

101 days - Phillips Auctioneers Limited

13 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (96 weeks)

3 weeks - Phillips Auctioneers Limited

96 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 194.3%, this is a higher level of debt than the average (26%)

194.3% - Phillips Auctioneers Limited

26% - Industry AVG

PHILLIPS AUCTIONEERS LIMITED financials

EXPORTms excel logo

Phillips Auctioneers Limited's latest turnover from December 2023 is £33.5 million and the company has net assets of -£132.5 million. According to their latest financial statements, Phillips Auctioneers Limited has 202 employees and maintains cash reserves of £9.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover33,456,00038,259,00035,234,00023,073,00030,050,00042,654,00022,720,00022,845,00022,160,00013,337,00014,504,00018,406,00011,612,0009,840,0008,142,000
Other Income Or Grants000000000000000
Cost Of Sales14,416,00017,981,00014,836,0008,682,0009,580,00018,854,00010,202,00013,168,00011,301,0005,471,0005,881,0006,243,0005,968,0004,842,0004,815,000
Gross Profit19,040,00020,278,00020,398,00014,391,00020,470,00023,800,00012,518,0009,677,00010,859,0007,866,0008,623,00012,163,0005,644,0004,998,0003,327,000
Admin Expenses43,512,00032,495,00024,102,00043,095,00034,312,00032,877,00033,939,00022,011,00025,024,00019,081,00014,028,00014,930,00013,620,00016,367,00013,445,000
Operating Profit-24,472,000-12,217,000-3,704,000-28,704,000-13,842,000-9,077,000-21,421,000-12,334,000-14,165,000-11,215,000-5,405,000-2,767,000-7,976,000-11,369,000-10,118,000
Interest Payable934,000925,0001,943,000951,000951,000987,000849,000195,0000000000
Interest Receivable00063,00058,00072,0000002,0000002,0003,000
Pre-Tax Profit-25,406,000-13,142,000-5,647,000-29,592,000-14,735,000-9,992,000-22,270,000-12,529,000-14,165,000-11,213,000-5,405,000-2,767,000-7,976,000-11,367,000-10,115,000
Tax000000000000000
Profit After Tax-25,406,000-13,142,000-5,647,000-29,592,000-14,735,000-9,992,000-22,270,000-12,529,000-14,165,000-11,213,000-5,405,000-2,767,000-7,976,000-11,367,000-10,115,000
Dividends Paid000000000000000
Retained Profit-25,406,000-13,142,000-5,647,000-29,592,000-14,735,000-9,992,000-22,270,000-12,529,000-14,165,000-11,213,000-5,405,000-2,767,000-7,976,000-11,367,000-10,115,000
Employee Costs24,348,00021,495,00021,596,00019,246,00019,067,00020,406,00018,703,00014,004,0009,537,0005,874,0005,688,0009,476,0008,575,00010,121,0003,679,000
Number Of Employees202215192185163154154137122939381757661
EBITDA*-23,697,000-11,673,000-3,212,000-28,205,000-13,282,000-8,540,000-20,829,000-11,818,000-13,444,000-10,677,000-4,859,000-2,260,000-7,559,000-10,970,000-9,743,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,337,0002,051,0002,019,0002,139,0002,340,0002,607,0002,511,0002,818,0002,141,0002,886,0002,089,0002,413,0002,410,0002,548,0002,601,000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)95,00095,00093,00095,000214,000281,000286,00019,541,0000000000
Total Fixed Assets2,432,0002,146,0002,112,0002,234,0002,554,0002,888,0002,797,00022,359,0002,141,0002,886,0002,089,0002,413,0002,410,0002,548,0002,601,000
Stock & work in progress4,021,0002,950,0002,462,0005,582,0006,836,0001,390,0003,935,0003,915,0004,621,0002,408,0002,361,0002,266,0002,457,0003,245,0003,699,000
Trade Debtors19,170,00014,033,00010,558,0004,964,00011,170,00022,560,00018,474,000012,646,00010,153,0007,500,000960,0001,677,0002,134,000437,000
Group Debtors102,421,00089,579,00059,447,00033,241,000000008,086,00000001,080,000
Misc Debtors3,181,0004,441,0005,867,0002,406,0005,148,0004,495,0008,125,00002,108,0002,364,0002,811,0002,894,0004,363,0003,410,0002,770,000
Cash9,236,0008,355,0007,000,0009,149,0003,687,0004,856,0003,658,0003,722,0004,594,0002,235,0002,533,0003,440,0004,655,0002,620,0001,122,000
misc current assets85,00000000000000000
total current assets138,114,000119,358,00085,334,00055,342,00026,841,00033,301,00034,192,0007,637,00023,969,00025,246,00015,205,0009,560,00013,152,00011,409,0009,108,000
total assets140,546,000121,504,00087,446,00057,576,00029,395,00036,189,00036,989,00029,996,00026,110,00028,132,00017,294,00011,973,00015,562,00013,957,00011,709,000
Bank overdraft000000000000000
Bank loan000028,0000000000000
Trade Creditors 27,750,00019,464,00019,811,00016,344,00038,276,00025,026,00013,147,00010,060,0006,507,00010,305,0007,234,0002,865,0004,462,0003,426,0001,873,000
Group/Directors Accounts118,227,000145,731,00095,909,000122,319,00032,178,00047,811,00050,983,00027,635,00015,804,000064,282,00059,203,00059,910,00050,475,00038,530,000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities3,239,0005,937,0008,158,0005,485,00015,932,0005,436,0004,784,0004,902,0003,871,0003,407,0003,473,0002,195,0002,763,0003,367,0002,572,000
total current liabilities149,216,000171,132,000123,878,000144,148,00086,414,00078,273,00068,914,00042,597,00026,182,00013,712,00074,989,00064,263,00067,135,00057,268,00042,975,000
loans123,850,00057,611,00057,861,00001,344,0000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0002,195,0002,446,0002,696,0002,946,00000000000
provisions000000000000000
total long term liabilities123,850,00057,611,00057,861,0002,195,0003,790,0002,696,0002,946,00000000000
total liabilities273,066,000228,743,000181,739,000146,343,00090,204,00080,969,00071,860,00042,597,00026,182,00013,712,00074,989,00064,263,00067,135,00057,268,00042,975,000
net assets-132,520,000-107,239,000-94,293,000-88,767,000-60,809,000-44,780,000-34,871,000-12,601,000-72,00014,420,000-57,695,000-52,290,000-51,573,000-43,311,000-31,266,000
total shareholders funds-132,520,000-107,239,000-94,293,000-88,767,000-60,809,000-44,780,000-34,871,000-12,601,000-72,00014,420,000-57,695,000-52,290,000-51,573,000-43,311,000-31,266,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-24,472,000-12,217,000-3,704,000-28,704,000-13,842,000-9,077,000-21,421,000-12,334,000-14,165,000-11,215,000-5,405,000-2,767,000-7,976,000-11,369,000-10,118,000
Depreciation775,000544,000492,000499,000560,000537,000592,000516,000721,000538,000546,000507,000417,000399,000375,000
Amortisation000000000000000
Tax000000000000000
Stock1,071,000488,000-3,120,000-1,254,0005,446,000-2,545,00020,000-706,0002,213,00047,00095,000-191,000-788,000-454,0003,699,000
Debtors16,719,00032,183,00035,259,00024,174,000-10,804,000451,0007,344,0004,787,000-5,849,00010,292,0006,457,000-2,186,000496,0001,257,0004,287,000
Creditors8,286,000-347,0003,467,000-21,932,00013,250,00011,879,0003,087,0003,553,000-3,798,0003,071,0004,369,000-1,597,0001,036,0001,553,0001,873,000
Accruals and Deferred Income-2,698,000-2,221,0002,673,000-10,447,00010,496,000652,000-118,0001,031,000464,000-66,0001,278,000-568,000-604,000795,0002,572,000
Deferred Taxes & Provisions000000000000000
Cash flow from operations-35,899,000-46,912,000-29,211,000-83,504,00015,822,0006,085,000-25,224,000-11,315,000-13,142,000-18,011,000-5,764,000-2,048,000-6,835,000-9,425,000-13,284,000
Investing Activities
capital expenditure-1,061,000-576,000-372,0000-292,000-633,000-285,000-1,193,000-650,000-1,383,000-222,000-521,000-279,000-347,000-555,000
Change in Investments000000000000000
cash flow from investments-1,061,000-576,000-372,0000-292,000-633,000-285,000-1,193,000-650,000-1,383,000-222,000-521,000-279,000-347,000-555,000
Financing Activities
Bank loans000-28,00028,0000000000000
Group/Directors Accounts-27,504,00049,822,000-26,410,00090,141,000-15,633,000-3,172,00023,348,00011,831,00015,804,000-64,282,0005,079,000-707,0009,435,00011,945,00038,530,000
Other Short Term Loans 000000000000000
Long term loans66,239,000-250,00057,861,000-1,344,0001,344,0000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00-2,195,000-251,000-250,000-250,0002,946,00000000000
share issue125,000196,000121,0001,634,000-1,294,00083,00000-327,00083,328,00002,050,000-286,000-678,000-21,151,000
interest-934,000-925,000-1,943,000-888,000-893,000-915,000-849,000-195,00002,0000002,0003,000
cash flow from financing37,926,00048,843,00027,434,00089,264,000-16,698,000-4,254,00025,445,00011,636,00015,477,00019,048,0005,079,0001,343,0009,149,00011,269,00017,382,000
cash and cash equivalents
cash881,0001,355,000-2,149,0005,462,000-1,169,0001,198,000-64,000-872,0002,359,000-298,000-907,000-1,215,0002,035,0001,498,0001,122,000
overdraft000000000000000
change in cash881,0001,355,000-2,149,0005,462,000-1,169,0001,198,000-64,000-872,0002,359,000-298,000-907,000-1,215,0002,035,0001,498,0001,122,000

phillips auctioneers limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Phillips Auctioneers Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for phillips auctioneers limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other large companies, companies in W1J area or any other competitors across 12 key performance metrics.

phillips auctioneers limited Ownership

PHILLIPS AUCTIONEERS LIMITED group structure

Phillips Auctioneers Limited has no subsidiary companies.

Ultimate parent company

PHILLIPS WORLDWIDE LTD

#0099143

2 parents

PHILLIPS AUCTIONEERS LIMITED

04228373

PHILLIPS AUCTIONEERS LIMITED Shareholders

phillips assets ltd 100%

phillips auctioneers limited directors

Phillips Auctioneers Limited currently has 3 directors. The longest serving directors include Mr Edward Dolman (Jul 2014) and Mr Paul De Bono (Jul 2015).

officercountryagestartendrole
Mr Edward DolmanEngland64 years Jul 2014- Director
Mr Paul De BonoEngland50 years Jul 2015- Director
Ms Annette Schwaer54 years May 2016- Director

P&L

December 2023

turnover

33.5m

-13%

operating profit

-24.5m

+100%

gross margin

57%

+7.37%

turnover

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

Balance Sheet

December 2023

net assets

-132.5m

+0.24%

total assets

140.5m

+0.16%

cash

9.2m

+0.11%

net assets

Total assets minus all liabilities

phillips auctioneers limited company details

company number

04228373

Type

Private limited with Share Capital

industry

90040 - Operation of arts facilities

incorporation date

June 2001

age

23

incorporated

UK

ultimate parent company

PHILLIPS WORLDWIDE LTD

accounts

Group

last accounts submitted

December 2023

previous names

phillips, de pury & company limited (January 2013)

phillips, de pury & luxembourg limited (May 2004)

accountant

-

auditor

BUZZACOTT LLP

address

30 berkeley square, berkeley square, london, W1J 6EX

Bank

BANK OF SCOTLAND

Legal Advisor

-

phillips auctioneers 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 4 charges/mortgages relating to phillips auctioneers limited. Currently there are 3 open charges and 1 have been satisfied in the past.

phillips auctioneers limited 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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phillips auctioneers limited Companies House Filings - See Documents

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