Debono Limited

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debono limited Company Information

Live (In Liquidation)

MatureSmallHealthy

Company Number

04289879

Website

www.debonofoods.com

Registered Address

c/o begbies traynor (central) ll, 5 prospect house, southampton, SO14 3TJ

Industry

Non-specialised wholesale of food, beverages and tobacco

Telephone

448448808500

Next Accounts Due

May 2025

Group Structure

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Directors

Michael Morgan1 Years

Kenneth Knowland1 Years

Shareholders

savona foodservice ltd 100%

debono limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of DEBONO LIMITED at £1.3m based on a Turnover of £4.6m and 0.28x industry multiple (adjusted for size and gross margin).

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Debono Limited is a live company located in southampton, SO14 3TJ with a Companies House number of 04289879. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in September 2001, it's largest shareholder is savona foodservice ltd with a 100% stake. Debono Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Debono Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

3 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£27.7m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (7.3%)

EXPORT

Debono Limited's latest turnover from August 2023 is estimated at £4.6 million and the company has net assets of £14.4 thousand. According to their latest financial statements, Debono Limited has 12 employees and maintains cash reserves of £11.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Mar 2022	Mar 2021	Jun 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	4,556,030	2,789,710	1,831,227	3,488,754	5,826,109	5,775,299	5,455,832	3,816,900	6,222,363	4,864,733	4,671,079	4,562,952	4,031,020	4,224,933
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,655,609	2,227,155	1,478,021	2,792,767	4,708,595	4,736,870	4,467,026	3,073,677	5,074,253	4,029,904	3,865,990	3,813,768	3,358,308	3,514,359
Gross Profit	900,420	562,554	353,206	695,987	1,117,515	1,038,429	988,806	743,223	1,148,110	834,829	805,089	749,184	672,712	710,574
Admin Expenses	820,120	538,837	581,430	1,073,858	1,074,994	810,176	732,271	586,418	1,164,829	742,127	850,890	734,592	549,111	736,949
Operating Profit	80,300	23,717	-228,224	-377,871	42,521	228,253	256,535	156,805	-16,719	92,702	-45,801	14,592	123,601	-26,375
Interest Payable	16,380	20,836	14,096	14,399	23,374	16,540	11,644	7,234	0	0	0	0	0	0
Interest Receivable	2,472	1,342	233	98	4	144	150	192	46	21	59	52	19	16
Pre-Tax Profit	66,392	4,223	-242,087	-392,172	19,151	211,857	245,040	149,763	-16,673	92,722	-45,742	14,645	123,621	-26,359
Tax	-16,598	-802	0	0	-3,639	-40,253	-49,008	-29,952	0	-21,326	0	-3,808	-34,614	0
Profit After Tax	49,794	3,421	-242,087	-392,172	15,512	171,604	196,032	119,810	-16,673	71,396	-45,742	10,837	89,007	-26,359
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	49,794	3,421	-242,087	-392,172	15,512	171,604	196,032	119,810	-16,673	71,396	-45,742	10,837	89,007	-26,359
Employee Costs	419,108	619,946	584,132	941,515	975,497	996,390	822,066	326,313	477,543	386,909	364,596	347,887	316,946	335,753
Number Of Employees	12	18	18	30	32	33	29	11	17	14	13	13	12	12
EBITDA*	87,392	47,938	-177,589	-315,615	116,108	281,887	292,946	197,488	29,095	124,938	-20,558	32,127	136,969	682

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Mar 2022	Mar 2021	Jun 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	7,092	28,975	50,633	87,294	99,516	1,143	5,094	15,177	38,549	66,695	59,415	72,685	61,053
Intangible Assets	0	0	0	25,835	48,535	89,134	71,400	102,000	132,600	0	0	0	0	0
Investments & Other	0	0	0	0	7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,500	3,750	3,750
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	7,092	28,975	76,468	143,329	196,150	80,043	114,594	155,277	46,049	74,195	66,915	76,435	64,803
Stock & work in progress	0	168,685	142,167	285,776	404,405	481,121	294,798	289,314	298,504	288,213	224,050	270,643	246,134	214,342
Trade Debtors	0	330,472	64,790	173,300	731,283	661,001	719,506	534,348	639,715	510,313	512,393	454,619	435,452	428,967
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,267	99,186	132,406	178,019	134,804	79,409	101,888	108,489	0	0	0	0	0	0
Cash	11,685	87,213	270,751	195,648	576	479	57,095	62,517	14,300	4,241	3,986	19,482	1,381	6,396
misc current assets	2,910	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	22,862	685,556	610,114	832,743	1,271,068	1,222,010	1,173,287	994,668	952,519	802,767	740,429	744,744	682,967	649,705
total assets	22,862	692,648	639,089	909,211	1,414,397	1,418,160	1,253,330	1,109,262	1,107,796	848,816	814,624	811,659	759,402	714,508
Bank overdraft	4,167	70,534	0	0	333,658	358,910	150,023	222,590	0	0	0	0	0	0
Bank loan	0	0	40,489	19,655	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	215,811	102,437	323,575	403,721	341,908	356,171	351,061	1,015,330	739,677	776,881	728,174	659,886	693,887
Group/Directors Accounts	0	92,251	131,658	141,658	35,541	35,541	45,541	70,541	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	4,315	84,345	120,122	102,278	46,053	101,889	293,287	252,794	0	0	0	0	0	0
total current liabilities	8,482	462,941	394,706	587,166	818,973	838,248	845,022	896,986	1,015,330	739,677	776,881	728,174	659,886	693,887
loans	0	223,121	283,218	118,793	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	26,868	36,980
provisions	0	42,000	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	265,121	283,218	118,793	0	0	0	0	0	0	0	0	26,868	36,980
total liabilities	8,482	728,062	677,924	705,959	818,973	838,248	845,022	896,986	1,015,330	739,677	776,881	728,174	686,754	730,867
net assets	14,380	-35,414	-38,835	203,252	595,424	579,912	408,308	212,276	92,466	109,139	37,743	83,485	72,648	-16,359
total shareholders funds	14,380	-35,414	-38,835	203,252	595,424	579,912	408,308	212,276	92,466	109,139	37,743	83,485	72,648	-16,359

	Aug 2023	Mar 2022	Mar 2021	Jun 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	80,300	23,717	-228,224	-377,871	42,521	228,253	256,535	156,805	-16,719	92,702	-45,801	14,592	123,601	-26,375
Depreciation	7,092	24,221	24,800	39,556	32,988	21,368	5,811	10,083	25,414	32,236	25,243	17,535	13,368	11,057
Amortisation	0	0	25,835	22,700	40,599	32,266	30,600	30,600	20,400	0	0	0	0	16,000
Tax	-16,598	-802	0	0	-3,639	-40,253	-49,008	-29,952	0	-21,326	0	-3,808	-34,614	0
Stock	-168,685	26,518	-143,609	-118,629	-76,716	186,323	5,484	-9,190	10,291	64,163	-46,593	24,509	31,792	214,342
Debtors	-421,391	232,462	-154,123	-514,768	125,677	-80,984	178,557	3,122	129,402	-2,080	57,774	19,167	6,485	428,967
Creditors	-215,811	113,374	-221,138	-80,146	61,813	-14,263	5,110	-664,269	275,653	-37,204	48,707	68,288	-34,001	693,887
Accruals and Deferred Income	-80,030	-35,777	17,844	56,225	-55,836	-191,398	40,493	252,794	0	0	0	0	0	0
Deferred Taxes & Provisions	-42,000	42,000	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	323,029	-92,247	-83,151	293,861	69,485	-69,366	105,500	-237,871	165,055	4,325	16,968	52,931	30,077	51,260
Investing Activities
capital expenditure	0	-2,338	-3,142	-2,895	-20,766	-169,741	-1,860	0	-155,042	-4,090	-32,523	-4,265	-25,000	-88,110
Change in Investments	0	0	0	-7,500	0	0	0	0	0	0	0	3,750	0	3,750
cash flow from investments	0	-2,338	-3,142	4,605	-20,766	-169,741	-1,860	0	-155,042	-4,090	-32,523	-8,015	-25,000	-91,860
Financing Activities
Bank loans	0	-40,489	20,834	19,655	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-92,251	-39,407	-10,000	106,117	0	-10,000	-25,000	70,541	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	-223,121	-60,097	164,425	118,793	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	-26,868	-10,112	36,980
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	-13,908	-19,494	-13,863	-14,301	-23,370	-16,396	-11,494	-7,042	46	21	59	52	19	16
cash flow from financing	-329,280	-159,487	161,396	230,264	-23,370	-26,396	-36,494	63,499	46	21	59	-26,816	-10,093	46,996
cash and cash equivalents
cash	-75,528	-183,538	75,103	195,072	97	-56,616	-5,422	48,217	10,059	255	-15,496	18,101	-5,015	6,396
overdraft	-66,367	70,534	0	-333,658	-25,252	208,887	-72,567	222,590	0	0	0	0	0	0
change in cash	-9,161	-254,072	75,103	528,730	25,349	-265,503	67,145	-174,373	10,059	255	-15,496	18,101	-5,015	6,396

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 debono limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SO14 area or any other competitors across 12 key performance metrics.

DEBONO LIMITED group structure

Debono Limited has no subsidiary companies.

Ultimate parent company

SAVONA FOODSERVICE LTD

04764681

1 parent

DEBONO LIMITED

04289879

DEBONO LIMITED Shareholders

savona foodservice ltd

100%

Debono Limited currently has 2 directors. The longest serving directors include Mr Michael Morgan (Feb 2023) and Mr Kenneth Knowland (Feb 2023).

officer	country	age	start	end	role
Mr Michael Morgan		50 years	Feb 2023	-	Director
Mr Kenneth Knowland	England	79 years	Feb 2023	-	Director

P&L

August 2023

turnover

4.6m

+63%

operating profit

80.3k

gross margin

19.8%

-1.99%

turnover

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

Balance Sheet

August 2023

net assets

14.4k

-1.41%

total assets

22.9k

-0.97%

cash

11.7k

-0.87%

net assets

Total assets minus all liabilities

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company number

04289879

Type

Private limited with Share Capital

industry

46390 - Non-specialised wholesale of food, beverages and tobacco

incorporation date

September 2001

ultimate parent company

SAVONA FOODSERVICE LTD

previous names

retgold limited (February 2002)

address

c/o begbies traynor (central) ll, 5 prospect house, southampton, SO14 3TJ

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 debono limited. Currently there are 4 open charges and 0 have been satisfied in the past.

debono limited Company Information

debono limited Estimated Valuation

debono limited Estimated Valuation

debono limited Estimated Valuation

Debono Limited Overview

Debono Limited Health Check

DEBONO LIMITED financials

debono limited Credit Report and Business Information

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debono limited Ownership

debono limited directors

debono limited company details

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debono limited Companies House Filings - See Documents