unit 1 brooklands business centr, taylor lane, heanor, derbyshire, DE75 7TA
Website
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direct floor systems ltdEstimated Valuation
£689.2k
Pomanda estimates the enterprise value of DIRECT FLOOR SYSTEMS LTD at £689.2k based on a Turnover of £2.2m and 0.31x industry multiple (adjusted for size and gross margin).
direct floor systems ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of DIRECT FLOOR SYSTEMS LTD at £0 based on an EBITDA of £-141.3k and a 2.76x industry multiple (adjusted for size and gross margin).
direct floor systems ltdEstimated Valuation
£1.7m
Pomanda estimates the enterprise value of DIRECT FLOOR SYSTEMS LTD at £1.7m based on Net Assets of £934.8k and 1.83x industry multiple (adjusted for liquidity).
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Direct Floor Systems LtdOverview
Direct Floor Systems Ltd is a live company located in heanor, DE75 7TA with a Companies House number of 04689987. It operates in the floor and wall covering sector, SIC Code 43330. Founded in March 2003, it's largest shareholder is
mr robert barlow
with a 49% stake. Direct Floor Systems Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£2.2m with
high
growth in recent years.
Pomanda's financial health check has awarded Direct Floor Systems Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
1 Regular
3 Weak
Size
annual sales of £2.2m, make it larger than the average company (£392.6k)
£2.2m - Direct Floor Systems Ltd
£392.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (9.3%)
15% - Direct Floor Systems Ltd
9.3% - Industry AVG
Production
with a gross margin of 23.3%, this company has a higher cost of product (31.4%)
23.3% - Direct Floor Systems Ltd
31.4% - Industry AVG
Profitability
an operating margin of -6.9% make it less profitable than the average company (6.8%)
-6.9% - Direct Floor Systems Ltd
6.8% - Industry AVG
Employees
with 6 employees, this is above the industry average (3)
6 - Direct Floor Systems Ltd
3 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
£36.4k - Direct Floor Systems Ltd
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £368.9k, this is more efficient (£168.3k)
£368.9k - Direct Floor Systems Ltd
£168.3k - Industry AVG
Debtor Days
it gets paid by customers after 164 days, this is later than average (51 days)
164 days - Direct Floor Systems Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (33 days)
82 days - Direct Floor Systems Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (19 days)
0 days - Direct Floor Systems Ltd
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 40 weeks, this is more cash available to meet short term requirements (26 weeks)
40 weeks - Direct Floor Systems Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.4%, this is a lower level of debt than the average (59.1%)
29.4% - Direct Floor Systems Ltd
59.1% - Industry AVG
DIRECT FLOOR SYSTEMS LTD financials
EXPORT
Direct Floor Systems Ltd's latest turnover from April 2024 is estimated at £2.2 million and the company has net assets of £934.8 thousand. According to their latest financial statements, Direct Floor Systems Ltd has 6 employees and maintains cash reserves of £297.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
2,213,472
1,755,022
871,404
1,442,426
1,794,935
1,307,977
1,747,260
1,209,641
1,850,761
1,434,384
1,120,415
1,290,956
1,908,844
1,360,913
1,443,737
Other Income Or Grants
Cost Of Sales
1,697,324
1,377,606
685,866
1,131,075
1,385,537
1,012,999
1,378,325
944,953
1,445,669
1,123,119
881,724
995,204
1,479,988
1,045,655
1,118,896
Gross Profit
516,148
377,416
185,538
311,351
409,398
294,978
368,935
264,687
405,092
311,265
238,691
295,752
428,856
315,258
324,841
Admin Expenses
669,833
187,703
164,563
269,845
390,460
336,785
261,843
138,327
227,316
249,361
53,361
330,928
351,901
271,140
-114,686
Operating Profit
-153,685
189,713
20,975
41,506
18,938
-41,807
107,092
126,360
177,776
61,904
185,330
-35,176
76,955
44,118
439,527
Interest Payable
3,007
3,328
Interest Receivable
14,232
9,387
2,319
357
203
1,154
2,164
1,364
1,809
1,654
1,641
1,188
718
620
341
Pre-Tax Profit
-139,453
199,100
23,294
41,863
16,135
-43,981
109,256
127,723
179,585
63,559
186,971
-33,988
77,673
44,738
439,868
Tax
-49,775
-4,426
-7,954
-3,066
-20,759
-24,267
-35,917
-12,712
-43,003
-20,195
-12,526
-123,163
Profit After Tax
-139,453
149,325
18,868
33,909
13,069
-43,981
88,497
103,456
143,668
50,847
143,968
-33,988
57,478
32,211
316,705
Dividends Paid
Retained Profit
-139,453
149,325
18,868
33,909
13,069
-43,981
88,497
103,456
143,668
50,847
143,968
-33,988
57,478
32,211
316,705
Employee Costs
218,485
193,955
159,747
154,445
234,479
259,444
332,403
280,113
201,474
164,560
113,167
156,674
265,226
209,115
210,855
Number Of Employees
6
6
6
6
8
8
9
8
5
4
3
4
7
6
6
EBITDA*
-141,274
202,117
36,331
53,679
31,300
-32,932
116,667
134,850
186,697
70,453
193,825
-23,985
88,358
55,552
451,706
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
19,149
31,287
29,059
9,715
18,382
20,094
20,173
155,054
13,793
18,614
41,702
32,931
42,172
45,224
44,958
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
19,149
31,287
29,059
9,715
18,382
20,094
20,173
155,054
13,793
18,614
41,702
32,931
42,172
45,224
44,958
Stock & work in progress
1,298
1,280
1,130
1,000
1,000
920
875
1,012
985
915
1,000
1,000
1,000
1,000
1,000
Trade Debtors
997,010
905,724
424,568
750,391
813,699
649,903
834,320
355,235
602,550
486,633
369,580
349,128
470,915
446,994
420,911
Group Debtors
Misc Debtors
10,000
129,180
476,213
397,567
Cash
297,178
244,997
196,747
421,529
292,241
114,711
193,079
672,335
418,608
305,158
356,599
299,854
175,449
111,576
136,227
misc current assets
total current assets
1,305,486
1,281,181
1,098,658
1,172,920
1,106,940
1,163,101
1,028,274
1,028,582
1,022,143
792,706
727,179
649,982
647,364
559,570
558,138
total assets
1,324,635
1,312,468
1,127,717
1,182,635
1,125,322
1,183,195
1,048,447
1,183,636
1,035,936
811,320
768,881
682,913
689,536
604,794
603,096
Bank overdraft
98,603
Bank loan
Trade Creditors
385,050
233,430
139,503
221,790
248,386
115,925
140,599
364,285
320,041
239,294
247,705
310,305
255,876
283,189
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
58,501
104,800
total current liabilities
385,050
233,430
198,004
221,790
248,386
319,328
140,599
364,285
320,041
239,294
247,705
310,305
255,876
283,189
loans
hp & lease commitments
Accruals and Deferred Income
700
other liabilities
50,000
282,440
provisions
4,800
4,800
4,800
4,800
4,800
4,800
4,800
4,800
4,800
4,800
4,800
200
3,200
total long term liabilities
4,800
4,800
4,800
54,800
4,800
4,800
4,800
4,800
4,800
4,800
4,800
200
283,140
3,200
total liabilities
389,850
238,230
202,804
276,590
253,186
324,128
145,399
369,085
324,841
244,094
252,505
310,505
283,140
255,876
286,389
net assets
934,785
1,074,238
924,913
906,045
872,136
859,067
903,048
814,551
711,095
567,226
516,376
372,408
406,396
348,918
316,707
total shareholders funds
934,785
1,074,238
924,913
906,045
872,136
859,067
903,048
814,551
711,095
567,226
516,376
372,408
406,396
348,918
316,707
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-153,685
189,713
20,975
41,506
18,938
-41,807
107,092
126,360
177,776
61,904
185,330
-35,176
76,955
44,118
439,527
Depreciation
12,411
12,404
15,356
12,173
12,362
8,875
9,575
8,490
8,921
8,549
8,495
11,191
11,403
11,434
12,179
Amortisation
Tax
-49,775
-4,426
-7,954
-3,066
-20,759
-24,267
-35,917
-12,712
-43,003
-20,195
-12,526
-123,163
Stock
18
150
130
80
45
-137
27
70
-85
1,000
Debtors
-27,894
134,123
150,390
-63,308
-233,771
213,150
479,085
-247,315
115,917
117,053
20,452
-121,787
23,921
26,083
420,911
Creditors
151,620
93,927
-82,287
-26,596
132,461
-24,674
-223,686
44,244
80,747
-8,411
-62,600
310,305
-255,876
-27,313
283,189
Accruals and Deferred Income
-58,501
58,501
-104,800
104,800
-700
700
Deferred Taxes & Provisions
4,600
200
-3,200
3,200
Cash flow from operations
38,222
53,495
-142,401
82,437
289,586
-166,001
-606,726
402,115
115,540
-67,638
72,370
407,607
-210,934
-13,570
193,021
Investing Activities
capital expenditure
-273
-14,632
-34,700
-3,506
-10,650
-8,796
125,306
-149,751
-4,100
14,539
-17,266
-1,950
-8,351
-11,700
-57,137
Change in Investments
cash flow from investments
-273
-14,632
-34,700
-3,506
-10,650
-8,796
125,306
-149,751
-4,100
14,539
-17,266
-1,950
-8,351
-11,700
-57,137
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-50,000
50,000
-282,440
282,440
share issue
201
3
2
interest
14,232
9,387
2,319
357
-2,804
-2,174
2,164
1,364
1,809
1,654
1,641
1,188
718
620
341
cash flow from financing
14,232
9,387
-47,681
50,357
-2,804
-2,174
2,164
1,364
2,010
1,657
1,641
-281,252
283,158
620
343
cash and cash equivalents
cash
52,181
48,250
-224,782
129,288
177,530
-78,368
-479,256
253,727
113,450
-51,441
56,745
124,405
63,873
-24,651
136,227
overdraft
-98,603
98,603
change in cash
52,181
48,250
-224,782
129,288
276,133
-176,971
-479,256
253,727
113,450
-51,441
56,745
124,405
63,873
-24,651
136,227
direct floor systems ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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direct floor systems ltd Ownership
DIRECT FLOOR SYSTEMS LTD group structure
Direct Floor Systems Ltd has no subsidiary companies.
Ultimate parent company
DIRECT FLOOR SYSTEMS LTD
04689987
DIRECT FLOOR SYSTEMS LTD Shareholders
The largest shareholders in Direct Floor Systems Ltd include Mr Robert Barlow and Mr Richard Piggott.
mr robert barlow
49.03%
mr richard piggott
47.57%
the piggott family trust
2.91%
sarah louise barlow
0.49%
direct floor systems ltd directors
Direct Floor Systems Ltd currently has 2 directors.
The longest serving directors include
Mr Richard Piggott (Mar 2003) and
Mr Robert Barlow (Mar 2003).
unit 1 brooklands business centr, taylor lane, heanor, derbyshire, DE75 7TA
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direct floor systems ltd 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 direct floor systems ltd.
direct floor systems ltd 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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direct floor systems ltdCompanies House Filings - See Documents
