davies turner holdings plc
davies turner holdings plc Company Information
Company Number
04402085
Website
www.daviesturner.co.ukRegistered Address
west midlands freight terminal, station road, coleshill, west midlands, B46 1DT
Industry
Freight transport by road
Freight air transport
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
sarah stephenson & philip dalton stephenson 23.9%
michael john stephenson & theresa stephenson 23.9%
View Alldavies turner holdings plc Estimated Valuation
Pomanda estimates the enterprise value of DAVIES TURNER HOLDINGS PLC at £323m based on a Turnover of £309.6m and 1.04x industry multiple (adjusted for size and gross margin).
davies turner holdings plc Estimated Valuation
Pomanda estimates the enterprise value of DAVIES TURNER HOLDINGS PLC at £177.2m based on an EBITDA of £26.3m and a 6.75x industry multiple (adjusted for size and gross margin).
davies turner holdings plc Estimated Valuation
Pomanda estimates the enterprise value of DAVIES TURNER HOLDINGS PLC at £250.4m based on Net Assets of £107.3m and 2.33x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Davies Turner Holdings Plc Overview
Davies Turner Holdings Plc is a live company located in coleshill, B46 1DT with a Companies House number of 04402085. It operates in the freight transport by road sector, SIC Code 49410. Founded in March 2002, it's largest shareholder is sarah stephenson & philip dalton stephenson with a 23.9% stake. Davies Turner Holdings Plc is a mature, mega sized company, Pomanda has estimated its turnover at £309.6m with high growth in recent years.
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Davies Turner Holdings Plc Health Check
Pomanda's financial health check has awarded Davies Turner Holdings Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs
6 Strong
6 Regular
0 Weak
Size
annual sales of £309.6m, make it larger than the average company (£10m)
£309.6m - Davies Turner Holdings Plc
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.9%)
17% - Davies Turner Holdings Plc
7.9% - Industry AVG
Production
with a gross margin of 27.9%, this company has a comparable cost of product (26.3%)
27.9% - Davies Turner Holdings Plc
26.3% - Industry AVG
Profitability
an operating margin of 7.5% make it as profitable than the average company (7.5%)
7.5% - Davies Turner Holdings Plc
7.5% - Industry AVG
Employees
with 951 employees, this is above the industry average (39)
951 - Davies Turner Holdings Plc
39 - Industry AVG
Pay Structure
on an average salary of £47.8k, the company has an equivalent pay structure (£45.8k)
£47.8k - Davies Turner Holdings Plc
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £325.6k, this is equally as efficient (£338k)
£325.6k - Davies Turner Holdings Plc
£338k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (44 days)
37 days - Davies Turner Holdings Plc
44 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (33 days)
41 days - Davies Turner Holdings Plc
33 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is in line with average (5 days)
5 days - Davies Turner Holdings Plc
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (18 weeks)
51 weeks - Davies Turner Holdings Plc
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.1%, this is a lower level of debt than the average (61.1%)
31.1% - Davies Turner Holdings Plc
61.1% - Industry AVG
DAVIES TURNER HOLDINGS PLC financials
Davies Turner Holdings Plc's latest turnover from March 2023 is £309.6 million and the company has net assets of £107.3 million. According to their latest financial statements, Davies Turner Holdings Plc has 951 employees and maintains cash reserves of £45.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 309,648,000 | 350,666,000 | 201,075,000 | 191,039,000 | 191,150,000 | 172,195,000 | 152,704,000 | 151,215,000 | 158,003,000 | 150,858,000 | 147,532,000 | 147,325,000 | 148,871,000 | 132,171,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 223,339,000 | 264,301,000 | 142,780,000 | 134,707,000 | 136,662,000 | 123,541,000 | 107,050,000 | 101,647,000 | 110,765,000 | 107,986,000 | 106,750,000 | 107,054,000 | 112,313,000 | 95,685,000 |
| Gross Profit | 86,309,000 | 86,365,000 | 58,295,000 | 56,332,000 | 54,488,000 | 48,654,000 | 45,654,000 | 49,568,000 | 47,238,000 | 42,872,000 | 40,782,000 | 40,271,000 | 36,558,000 | 36,486,000 |
| Admin Expenses | 62,988,000 | 62,519,000 | 47,370,000 | 50,330,000 | 48,313,000 | 43,281,000 | 40,166,000 | 44,073,000 | 42,085,000 | 38,228,000 | 37,187,000 | 35,457,000 | 32,751,000 | 33,784,000 |
| Operating Profit | 23,321,000 | 23,846,000 | 10,925,000 | 6,002,000 | 6,175,000 | 5,373,000 | 5,488,000 | 5,495,000 | 5,153,000 | 4,644,000 | 3,595,000 | 4,814,000 | 3,807,000 | 2,702,000 |
| Interest Payable | 33,000 | 22,000 | 0 | 0 | 0 | 0 | 0 | 13,000 | 0 | 3,000 | 1,000 | 2,000 | 3,000 | 32,000 |
| Interest Receivable | 381,000 | 4,000 | 5,000 | 71,000 | 42,000 | 48,000 | 131,000 | 100,000 | 98,000 | 98,000 | 88,000 | 95,000 | 24,000 | 28,000 |
| Pre-Tax Profit | 23,705,000 | 23,834,000 | 10,955,000 | 6,113,000 | 6,246,000 | 5,461,000 | 5,651,000 | 5,916,000 | 5,257,000 | 4,785,000 | 3,728,000 | 4,973,000 | 3,118,000 | 2,729,000 |
| Tax | -4,655,000 | -4,900,000 | -1,933,000 | -1,601,000 | -839,000 | -1,036,000 | -1,067,000 | -1,284,000 | -1,348,000 | -1,221,000 | -1,052,000 | -1,377,000 | -1,141,000 | -948,000 |
| Profit After Tax | 19,050,000 | 18,934,000 | 9,022,000 | 4,512,000 | 5,407,000 | 4,425,000 | 4,584,000 | 4,632,000 | 3,909,000 | 3,564,000 | 2,676,000 | 3,596,000 | 1,977,000 | 1,781,000 |
| Dividends Paid | 1,362,000 | 1,111,000 | 717,000 | 688,000 | 645,000 | 596,000 | 560,000 | 467,000 | 431,000 | 388,000 | 366,000 | 0 | 345,000 | 543,000 |
| Retained Profit | 17,688,000 | 17,823,000 | 8,305,000 | 3,824,000 | 4,762,000 | 3,829,000 | 4,024,000 | 4,165,000 | 3,478,000 | 3,176,000 | 2,310,000 | 3,596,000 | 1,632,000 | 1,210,000 |
| Employee Costs | 45,484,000 | 43,931,000 | 29,336,000 | 33,521,000 | 32,066,000 | 29,480,000 | 27,799,000 | 29,170,000 | 27,915,000 | 26,428,000 | 25,370,000 | 24,700,000 | 22,034,000 | 23,245,000 |
| Number Of Employees | 951 | 938 | 877 | 903 | 877 | 823 | 825 | 840 | 827 | 802 | 795 | 761 | 701 | 736 |
| EBITDA* | 26,257,000 | 26,735,000 | 13,847,000 | 8,833,000 | 9,079,000 | 7,905,000 | 7,895,000 | 7,807,000 | 7,461,000 | 6,657,000 | 5,705,000 | 6,703,000 | 5,688,000 | 4,868,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 72,503,000 | 46,418,000 | 47,463,000 | 48,681,000 | 48,675,000 | 49,880,000 | 36,017,000 | 29,301,000 | 29,776,000 | 30,574,000 | 29,558,000 | 23,652,000 | 24,044,000 | 25,178,000 |
| Intangible Assets | 335,000 | 445,000 | 272,000 | 383,000 | 548,000 | 433,000 | 155,000 | 153,000 | 71,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 11,000 | 11,000 | 11,000 | 11,000 | 26,000 | 32,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 72,839,000 | 46,864,000 | 47,736,000 | 49,065,000 | 49,224,000 | 50,314,000 | 36,173,000 | 29,455,000 | 29,858,000 | 30,585,000 | 29,569,000 | 23,663,000 | 24,070,000 | 25,210,000 |
| Stock & work in progress | 3,305,000 | 11,568,000 | 7,985,000 | 1,821,000 | 2,373,000 | 2,291,000 | 1,825,000 | 1,484,000 | 1,417,000 | 1,473,000 | 1,334,000 | 1,303,000 | 1,430,000 | 1,283,000 |
| Trade Debtors | 31,643,000 | 50,201,000 | 36,689,000 | 26,705,000 | 32,138,000 | 28,061,000 | 25,716,000 | 24,371,000 | 24,436,000 | 22,555,000 | 21,141,000 | 21,123,000 | 22,794,000 | 23,052,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,172,000 | 1,709,000 | 1,270,000 | 1,044,000 | 1,136,000 | 1,188,000 | 1,668,000 | 946,000 | 717,000 | 870,000 | 953,000 | 922,000 | 791,000 | 796,000 |
| Cash | 45,798,000 | 38,167,000 | 27,257,000 | 20,440,000 | 12,488,000 | 8,741,000 | 18,382,000 | 20,285,000 | 17,570,000 | 12,679,000 | 10,430,000 | 14,381,000 | 11,778,000 | 8,413,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 82,918,000 | 101,645,000 | 73,201,000 | 50,010,000 | 48,135,000 | 40,281,000 | 47,591,000 | 47,086,000 | 44,140,000 | 37,577,000 | 33,858,000 | 37,729,000 | 36,793,000 | 33,544,000 |
| total assets | 155,757,000 | 148,509,000 | 120,937,000 | 99,075,000 | 97,359,000 | 90,595,000 | 83,764,000 | 76,541,000 | 73,998,000 | 68,162,000 | 63,427,000 | 61,392,000 | 60,863,000 | 58,754,000 |
| Bank overdraft | 0 | 240,000 | 0 | 0 | 1,422,000 | 1,871,000 | 551,000 | 0 | 0 | 0 | 740,000 | 0 | 3,580,000 | 4,297,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,413,000 | 36,447,000 | 31,388,000 | 24,297,000 | 25,554,000 | 23,654,000 | 22,316,000 | 19,281,000 | 21,563,000 | 20,377,000 | 17,942,000 | 17,843,000 | 17,874,000 | 17,602,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 312,000 | 323,000 | 266,000 | 63,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 20,781,000 | 20,016,000 | 16,221,000 | 10,492,000 | 10,566,000 | 9,305,000 | 8,884,000 | 9,294,000 | 8,574,000 | 7,105,000 | 7,366,000 | 8,424,000 | 7,879,000 | 6,766,000 |
| total current liabilities | 46,506,000 | 57,026,000 | 47,875,000 | 34,852,000 | 37,542,000 | 34,830,000 | 31,751,000 | 28,575,000 | 30,137,000 | 27,482,000 | 26,048,000 | 26,267,000 | 29,333,000 | 28,665,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 448,000 | 760,000 | 798,000 | 201,000 | 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 | 1,477,000 | 1,103,000 | 461,000 | 504,000 | 380,000 | 839,000 | 885,000 | 901,000 | 976,000 | 331,000 | 207,000 | 259,000 | 271,000 | 293,000 |
| total long term liabilities | 1,925,000 | 1,863,000 | 1,259,000 | 705,000 | 380,000 | 839,000 | 885,000 | 901,000 | 976,000 | 331,000 | 207,000 | 259,000 | 271,000 | 293,000 |
| total liabilities | 48,431,000 | 58,889,000 | 49,134,000 | 35,557,000 | 37,922,000 | 35,669,000 | 32,636,000 | 29,476,000 | 31,113,000 | 27,813,000 | 26,255,000 | 26,526,000 | 29,604,000 | 28,958,000 |
| net assets | 107,326,000 | 89,620,000 | 71,803,000 | 63,518,000 | 59,437,000 | 54,926,000 | 51,128,000 | 47,065,000 | 42,885,000 | 40,349,000 | 37,172,000 | 34,866,000 | 31,259,000 | 29,585,000 |
| total shareholders funds | 107,326,000 | 89,620,000 | 71,803,000 | 63,518,000 | 59,437,000 | 54,926,000 | 51,128,000 | 47,065,000 | 42,885,000 | 40,349,000 | 37,172,000 | 34,866,000 | 31,259,000 | 29,585,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 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 | 23,321,000 | 23,846,000 | 10,925,000 | 6,002,000 | 6,175,000 | 5,373,000 | 5,488,000 | 5,495,000 | 5,153,000 | 4,644,000 | 3,595,000 | 4,814,000 | 3,807,000 | 2,702,000 |
| Depreciation | 2,756,000 | 2,666,000 | 2,662,000 | 2,589,000 | 2,662,000 | 2,339,000 | 2,267,000 | 2,230,000 | 2,308,000 | 2,013,000 | 2,110,000 | 1,889,000 | 1,881,000 | 2,161,000 |
| Amortisation | 180,000 | 223,000 | 260,000 | 242,000 | 242,000 | 193,000 | 140,000 | 82,000 | 0 | 0 | 0 | 0 | 0 | 5,000 |
| Tax | -4,655,000 | -4,900,000 | -1,933,000 | -1,601,000 | -839,000 | -1,036,000 | -1,067,000 | -1,284,000 | -1,348,000 | -1,221,000 | -1,052,000 | -1,377,000 | -1,141,000 | -948,000 |
| Stock | -8,263,000 | 3,583,000 | 6,164,000 | -552,000 | 82,000 | 466,000 | 341,000 | 67,000 | -56,000 | 139,000 | 31,000 | -127,000 | 147,000 | 1,283,000 |
| Debtors | -18,095,000 | 13,951,000 | 10,210,000 | -5,525,000 | 4,025,000 | 1,865,000 | 2,067,000 | 164,000 | 1,728,000 | 1,331,000 | 49,000 | -1,540,000 | -263,000 | 23,848,000 |
| Creditors | -11,034,000 | 5,059,000 | 7,091,000 | -1,257,000 | 1,900,000 | 1,338,000 | 3,035,000 | -2,282,000 | 1,186,000 | 2,435,000 | 99,000 | -31,000 | 272,000 | 17,602,000 |
| Accruals and Deferred Income | 765,000 | 3,795,000 | 5,729,000 | -74,000 | 1,261,000 | 421,000 | -410,000 | 720,000 | 1,469,000 | -261,000 | -1,058,000 | 545,000 | 1,113,000 | 6,766,000 |
| Deferred Taxes & Provisions | 374,000 | 642,000 | -43,000 | 124,000 | -459,000 | -46,000 | -16,000 | -75,000 | 645,000 | 124,000 | -52,000 | -12,000 | -22,000 | 293,000 |
| Cash flow from operations | 38,065,000 | 13,797,000 | 8,317,000 | 12,102,000 | 6,835,000 | 6,251,000 | 7,029,000 | 4,655,000 | 7,741,000 | 6,264,000 | 3,562,000 | 7,495,000 | 6,026,000 | 3,450,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,785,000 | -16,633,000 | -9,112,000 | -1,575,000 | -1,575,000 | -2,983,000 | -7,970,000 | -1,431,000 | -773,000 | -634,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,000 | 0 | 0 | 0 | -15,000 | -6,000 | 32,000 |
| cash flow from investments | 0 | 0 | 0 | 0 | -1,785,000 | -16,633,000 | -9,112,000 | -1,565,000 | -1,575,000 | -2,983,000 | -7,970,000 | -1,416,000 | -767,000 | -666,000 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -323,000 | 19,000 | 800,000 | 264,000 | 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 | ||||||||||||||
| interest | 348,000 | -18,000 | 5,000 | 71,000 | 42,000 | 48,000 | 131,000 | 87,000 | 98,000 | 95,000 | 87,000 | 93,000 | 21,000 | -4,000 |
| cash flow from financing | 43,000 | -5,000 | 785,000 | 592,000 | -209,000 | 17,000 | 170,000 | 102,000 | -844,000 | 96,000 | 83,000 | 104,000 | 63,000 | 28,371,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 7,631,000 | 10,910,000 | 6,817,000 | 7,952,000 | 3,747,000 | -9,641,000 | -1,903,000 | 2,715,000 | 4,891,000 | 2,249,000 | -3,951,000 | 2,603,000 | 3,365,000 | 8,413,000 |
| overdraft | -240,000 | 240,000 | 0 | -1,422,000 | -449,000 | 1,320,000 | 551,000 | 0 | 0 | -740,000 | 740,000 | -3,580,000 | -717,000 | 4,297,000 |
| change in cash | 7,871,000 | 10,670,000 | 6,817,000 | 9,374,000 | 4,196,000 | -10,961,000 | -2,454,000 | 2,715,000 | 4,891,000 | 2,989,000 | -4,691,000 | 6,183,000 | 4,082,000 | 4,116,000 |
davies turner holdings plc Credit Report and Business Information
Davies Turner Holdings Plc Competitor Analysis
Perform a competitor analysis for davies turner holdings plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
davies turner holdings plc Ownership
DAVIES TURNER HOLDINGS PLC group structure
Davies Turner Holdings Plc has 2 subsidiary companies.
Ultimate parent company
DAVIES TURNER HOLDINGS PLC
04402085
2 subsidiaries
davies turner holdings plc directors
Davies Turner Holdings Plc currently has 6 directors. The longest serving directors include Mr Philip Stephenson (Mar 2002) and Mr Michael Stephenson (Mar 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Stephenson | 75 years | Mar 2002 | - | Director | |
| Mr Michael Stephenson | 72 years | Mar 2002 | - | Director | |
| Mr Edward Stephenson | 42 years | Mar 2022 | - | Director | |
| Ms Emily Stephenson | 39 years | Mar 2022 | - | Director | |
| Ms Victoria Nicholson | 43 years | Mar 2022 | - | Director | |
| Mr Stephen King | 54 years | Sep 2023 | - | Director |
P&L
March 2023turnover
309.6m
-12%
operating profit
23.3m
-2%
gross margin
27.9%
+13.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
107.3m
+0.2%
total assets
155.8m
+0.05%
cash
45.8m
+0.2%
net assets
Total assets minus all liabilities
Similar Companies
davies turner holdings plc company details
company number
04402085
Type
Public limited with Share Capital
industry
49410 - Freight transport by road
51210 - Freight air transport
50200 - Sea and coastal freight water transport
incorporation date
March 2002
age
22
accounts
Group
ultimate parent company
previous names
etchco 1141 plc (April 2002)
incorporated
UK
address
west midlands freight terminal, station road, coleshill, west midlands, B46 1DT
last accounts submitted
March 2023
davies turner holdings plc 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 did not find charges/mortgages relating to davies turner holdings plc.
davies turner holdings plc Companies House Filings - See Documents
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