S.drakes Pressure Washing Services Limited

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s.drakes pressure washing services limited Company Information

Live

MatureSmallDeclining

Company Number

04833107

Website

www.drakeswashers.co.uk

Registered Address

glebe farm linwood, market rasen, LN8 3QQ

Industry

Support activities for animal production (other than farm animal boarding and care) n.e.c.

Telephone

01673842499

Next Accounts Due

May 2025

Group Structure

View All

Directors

Stephen Drakes20 Years

Shareholders

stephen andrew drakes 100%

s.drakes pressure washing services limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of S.DRAKES PRESSURE WASHING SERVICES LIMITED at £2.2m based on Net Assets of £2m and 1.09x industry multiple (adjusted for liquidity).

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S.drakes Pressure Washing Services Limited is a live company located in market rasen, LN8 3QQ with a Companies House number of 04833107. It operates in the support activities for animal production (other than farm animal boarding and care) n.e.c. sector, SIC Code 01629. Founded in July 2003, it's largest shareholder is stephen andrew drakes with a 100% stake. S.drakes Pressure Washing Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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Pomanda's financial health check has awarded S.Drakes Pressure Washing Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £2.6m, make it larger than the average company (£746.2k)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.1%)

EXPORT

S.Drakes Pressure Washing Services Limited's latest turnover from August 2023 is estimated at £2.6 million and the company has net assets of £2 million. According to their latest financial statements, S.Drakes Pressure Washing Services Limited has 55 employees and maintains cash reserves of £897.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	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	2,629,277	2,808,876	2,365,523	2,706,000	2,414,625	1,811,073	1,494,412	1,335,212	1,323,391	514,909	698,573	489,423	485,855	323,751	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,218,707	2,296,517	1,942,880	2,156,815	1,820,561	1,418,267	1,156,021	948,162	995,591	384,115	532,880	370,059	367,485	235,878	0
Gross Profit	410,569	512,359	422,643	549,185	594,064	392,807	338,391	387,050	327,800	130,794	165,693	119,364	118,370	87,873	0
Admin Expenses	-263,164	394,161	109,821	209,321	364,717	410,097	430,901	169,322	-45,383	-12,647	141,183	71,816	57,317	47,256	-110,797
Operating Profit	673,733	118,198	312,822	339,864	229,347	-17,290	-92,510	217,728	373,183	143,441	24,510	47,548	61,053	40,617	110,797
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	34,633	7,852	285	93	531	874	351	443	728	252	78	78	0	0	0
Pre-Tax Profit	708,367	126,049	313,107	339,957	229,878	-16,416	-92,159	218,171	373,911	143,694	24,588	47,626	61,053	40,617	110,797
Tax	-177,092	-23,949	-59,490	-64,592	-43,677	0	0	-43,634	-74,782	-30,176	-5,655	-11,430	-15,874	-11,373	-31,023
Profit After Tax	531,275	102,100	253,617	275,365	186,201	-16,416	-92,159	174,537	299,129	113,518	18,933	36,196	45,179	29,244	79,774
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	531,275	102,100	253,617	275,365	186,201	-16,416	-92,159	174,537	299,129	113,518	18,933	36,196	45,179	29,244	79,774
Employee Costs	1,706,687	1,718,170	1,903,102	2,123,576	1,552,268	1,427,368	990,504	239,980	203,438	132,494	153,111	96,702	100,498	71,832	0
Number Of Employees	55	51	62	70	57	50	42	9	8	5	6	4	4	3	0
EBITDA*	927,324	373,783	547,066	570,034	378,704	128,697	51,660	345,968	455,947	205,501	74,790	86,883	95,918	67,176	133,164

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	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	1,119,397	852,488	946,041	838,808	713,329	561,979	562,779	586,826	414,445	292,638	255,519	170,191	146,661	128,750	100,583
Intangible Assets	0	0	0	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	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,119,397	852,488	946,041	838,808	713,329	561,979	562,779	586,826	414,445	292,638	255,519	170,191	146,661	128,750	100,583
Stock & work in progress	67,404	69,904	69,404	9,000	9,000	8,000	7,000	5,235	12,100	5,500	5,500	5,500	3,500	2,500	2,700
Trade Debtors	817,216	730,662	587,557	852,364	783,079	501,718	439,021	451,957	445,711	179,042	207,633	131,310	139,757	84,928	97,046
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	9,762	5,091	0	0
Cash	897,071	488,264	409,066	161,143	25,040	116,470	116,652	164,416	190,374	100,930	0	31,148	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,781,691	1,288,830	1,066,027	1,022,507	817,119	626,188	562,673	621,608	648,185	285,472	213,133	177,720	148,348	87,428	99,746
total assets	2,901,088	2,141,318	2,012,068	1,861,315	1,530,448	1,188,167	1,125,452	1,208,434	1,062,630	578,110	468,652	347,911	295,009	216,178	200,329
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	564,448	430,769	422,219	533,311	490,486	394,429	321,142	302,252	343,571	200,608	209,940	132,040	121,363	92,011	110,357
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	564,448	430,769	422,219	533,311	490,486	394,429	321,142	302,252	343,571	200,608	209,940	132,040	121,363	92,011	110,357
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	26,344	0	14,236	23,161	40,263	13,945	9,970	16,161	18,784	0	5,946	0	0	0	0
provisions	273,802	205,330	172,494	155,341	125,562	91,857	89,988	93,510	78,301	54,657	43,439	25,477	19,448	15,148	10,197
total long term liabilities	300,146	205,330	186,730	178,502	165,825	105,802	99,958	109,671	97,085	54,657	49,385	25,477	19,448	15,148	10,197
total liabilities	864,594	636,099	608,949	711,813	656,311	500,231	421,100	411,923	440,656	255,265	259,325	157,517	140,811	107,159	120,554
net assets	2,036,494	1,505,219	1,403,119	1,149,502	874,137	687,936	704,352	796,511	621,974	322,845	209,327	190,394	154,198	109,019	79,775
total shareholders funds	2,036,494	1,505,219	1,403,119	1,149,502	874,137	687,936	704,352	796,511	621,974	322,845	209,327	190,394	154,198	109,019	79,775

	Aug 2023	Aug 2022	Aug 2021	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	673,733	118,198	312,822	339,864	229,347	-17,290	-92,510	217,728	373,183	143,441	24,510	47,548	61,053	40,617	110,797
Depreciation	253,591	255,585	234,244	230,170	149,357	145,987	144,170	128,240	82,764	62,060	50,280	39,335	34,865	26,559	22,367
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-177,092	-23,949	-59,490	-64,592	-43,677	0	0	-43,634	-74,782	-30,176	-5,655	-11,430	-15,874	-11,373	-31,023
Stock	-2,500	500	60,404	0	1,000	1,000	1,765	-6,865	6,600	0	0	2,000	1,000	-200	2,700
Debtors	86,554	143,105	-264,807	69,285	281,361	62,697	-12,936	6,246	266,669	-28,591	66,561	-3,776	59,920	-12,118	97,046
Creditors	133,679	8,550	-111,092	42,825	96,057	73,287	18,890	-41,319	142,963	-9,332	77,900	10,677	29,352	-18,346	110,357
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	68,472	32,836	17,153	29,779	33,705	1,869	-3,522	15,209	23,644	11,218	17,962	6,029	4,300	4,951	10,197
Cash flow from operations	868,329	247,615	598,040	508,761	182,428	140,156	78,199	276,843	274,503	205,802	98,436	93,935	52,776	54,726	122,949
Investing Activities
capital expenditure	-520,500	-162,032	-341,477	-355,649	-300,707	-145,187	-120,123	-300,621	-204,571	-99,179	-135,608	-62,865	-52,776	-54,726	-122,950
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-520,500	-162,032	-341,477	-355,649	-300,707	-145,187	-120,123	-300,621	-204,571	-99,179	-135,608	-62,865	-52,776	-54,726	-122,950
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	26,344	-14,236	-8,925	-17,102	26,318	3,975	-6,191	-2,623	18,784	-5,946	5,946	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	34,633	7,852	285	93	531	874	351	443	728	252	78	78	0	0	0
cash flow from financing	60,977	-6,384	-8,640	-17,009	26,849	4,849	-5,840	-2,180	19,512	-5,694	6,024	78	0	0	1
cash and cash equivalents
cash	408,807	79,198	247,923	136,103	-91,430	-182	-47,764	-25,958	89,444	100,930	-31,148	31,148	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	408,807	79,198	247,923	136,103	-91,430	-182	-47,764	-25,958	89,444	100,930	-31,148	31,148	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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S.DRAKES PRESSURE WASHING SERVICES LIMITED group structure

S.Drakes Pressure Washing Services Limited has no subsidiary companies.

Ultimate parent company

S.DRAKES PRESSURE WASHING SERVICES LIMITED

04833107

S.DRAKES PRESSURE WASHING SERVICES LIMITED Shareholders

stephen andrew drakes

100%

S.Drakes Pressure Washing Services Limited currently has 1 director, Mr Stephen Drakes serving since Jul 2003.

officer	country	age	start	end	role
Mr Stephen Drakes	United Kingdom	50 years	Jul 2003	-	Director

P&L

August 2023

turnover

2.6m

-6%

operating profit

673.7k

gross margin

15.7%

-14.39%

turnover

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

Balance Sheet

August 2023

net assets

+0.35%

total assets

2.9m

+0.35%

cash

897.1k

+0.84%

net assets

Total assets minus all liabilities

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company number

04833107

Type

Private limited with Share Capital

industry

01629 - Support activities for animal production (other than farm animal boarding and care) n.e.c.

incorporation date

July 2003

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

glebe farm linwood, market rasen, LN8 3QQ

last accounts submitted

August 2023

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 s.drakes pressure washing services limited.

s.drakes pressure washing services limited Company Information

s.drakes pressure washing services limited Estimated Valuation

s.drakes pressure washing services limited Estimated Valuation

s.drakes pressure washing services limited Estimated Valuation

S.drakes Pressure Washing Services Limited Overview

S.drakes Pressure Washing Services Limited Health Check

S.DRAKES PRESSURE WASHING SERVICES LIMITED financials

s.drakes pressure washing services limited Credit Report and Business Information

S.drakes Pressure Washing Services Limited Competitor Analysis

s.drakes pressure washing services limited Ownership

s.drakes pressure washing services limited directors

s.drakes pressure washing services limited company details

s.drakes pressure washing services limited Charges & Mortgages

s.drakes pressure washing services limited Companies House Filings - See Documents