dorrington estates limited
dorrington estates limited Company Information
Company Number
05081022
Next Accounts
Sep 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
dorrington plc
Group Structure
View All
Contact
Registered Address
16 hans road, london, SW3 1RT
Website
www.dorrington.co.ukdorrington estates limited Estimated Valuation
Pomanda estimates the enterprise value of DORRINGTON ESTATES LIMITED at £183.8m based on a Turnover of £32.7m and 5.61x industry multiple (adjusted for size and gross margin).
dorrington estates limited Estimated Valuation
Pomanda estimates the enterprise value of DORRINGTON ESTATES LIMITED at £195.3m based on an EBITDA of £17.6m and a 11.1x industry multiple (adjusted for size and gross margin).
dorrington estates limited Estimated Valuation
Pomanda estimates the enterprise value of DORRINGTON ESTATES LIMITED at £222.5m based on Net Assets of £130.1m and 1.71x industry multiple (adjusted for liquidity).
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Dorrington Estates Limited Overview
Dorrington Estates Limited is a live company located in london, SW3 1RT with a Companies House number of 05081022. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2004, it's largest shareholder is dorrington plc with a 100% stake. Dorrington Estates Limited is a mature, large sized company, Pomanda has estimated its turnover at £32.7m with declining growth in recent years.
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Dorrington Estates Limited Health Check
Pomanda's financial health check has awarded Dorrington Estates Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £32.7m, make it larger than the average company (£1.1m)
£32.7m - Dorrington Estates Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.6%)
-3% - Dorrington Estates Limited
3.6% - Industry AVG
Production
with a gross margin of 57.8%, this company has a comparable cost of product (70.8%)
57.8% - Dorrington Estates Limited
70.8% - Industry AVG
Profitability
an operating margin of 53.8% make it more profitable than the average company (21.5%)
53.8% - Dorrington Estates Limited
21.5% - Industry AVG
Employees
with 163 employees, this is above the industry average (4)
- Dorrington Estates Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Dorrington Estates Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £200.9k, this is equally as efficient (£201.3k)
- Dorrington Estates Limited
£201.3k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (33 days)
9 days - Dorrington Estates Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (35 days)
7 days - Dorrington Estates Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 2330 days, this is more than average (53 days)
2330 days - Dorrington Estates Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (11 weeks)
6 weeks - Dorrington Estates Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.8%, this is a lower level of debt than the average (71.2%)
51.8% - Dorrington Estates Limited
71.2% - Industry AVG
DORRINGTON ESTATES LIMITED financials
Dorrington Estates Limited's latest turnover from December 2023 is £32.7 million and the company has net assets of £130.1 million. According to their latest financial statements, we estimate that Dorrington Estates Limited has 163 employees and maintains cash reserves of £4.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 32,739,000 | 20,537,000 | 36,510,000 | 36,152,000 | 28,331,000 | 32,432,000 | 37,212,804 | 14,592 | 416,694 | 553,283 | 517,000 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 13,805,000 | 7,844,000 | 10,052,000 | 17,361,000 | 8,239,000 | 10,265,000 | 10,672,634 | 23,764 | 43,708 | 77,370 | 20,337 | ||||
| Gross Profit | 18,934,000 | 12,693,000 | 26,458,000 | 18,791,000 | 20,092,000 | 22,167,000 | 26,540,170 | -9,172 | 372,986 | 475,913 | 496,663 | ||||
| Admin Expenses | 1,334,000 | -303,000 | -5,107,000 | 394,000 | 585,000 | 1,311,000 | 1,296,588 | 2,500 | 2,500 | 2,425 | 3,034 | ||||
| Operating Profit | 17,600,000 | 12,996,000 | 31,565,000 | 18,397,000 | 19,507,000 | 20,856,000 | 25,243,582 | -11,672 | 370,486 | 473,488 | 493,629 | ||||
| Interest Payable | 7,206,000 | 4,785,000 | 3,793,000 | 3,950,000 | 4,101,000 | 2,308,000 | 1,957,357 | 0 | 225,183 | 229,385 | 129,201 | ||||
| Interest Receivable | 3,770,000 | 1,619,000 | 1,143,000 | 742,000 | 753,000 | 392,000 | 1,638,713 | 73 | 22 | 8 | 727 | ||||
| Pre-Tax Profit | 14,164,000 | 9,830,000 | 28,915,000 | 15,189,000 | 16,159,000 | 18,940,000 | 23,604,869 | 7,005 | 145,325 | 244,111 | 365,155 | ||||
| Tax | -3,405,000 | -1,745,000 | -10,489,000 | -3,443,000 | -3,151,000 | -3,725,000 | -4,632,492 | 470 | -38,501 | -68,351 | -102,243 | ||||
| Profit After Tax | 10,759,000 | 8,085,000 | 18,426,000 | 11,746,000 | 13,008,000 | 15,215,000 | 18,972,377 | 7,475 | 106,824 | 175,760 | 262,912 | ||||
| Dividends Paid | 4,000,000 | 4,000,000 | 9,000,000 | 5,500,000 | 6,500,000 | 130,000,000 | 15,000,000 | 4,500,000 | 0 | 0 | 0 | ||||
| Retained Profit | 6,759,000 | 4,085,000 | 9,426,000 | 6,246,000 | 6,508,000 | -114,785,000 | 3,972,377 | -4,492,525 | 106,824 | 175,760 | 262,912 | ||||
| Employee Costs | 0 | 0 | 1,195,000 | 0 | 0 | 0 | 0 | ||||||||
| Number Of Employees | 19 | 5 | 5 | 5 | 5 | ||||||||||
| EBITDA* | 17,600,000 | 12,996,000 | 31,565,000 | 18,397,000 | 19,507,000 | 20,856,000 | 25,243,582 | -11,672 | 370,486 | 473,488 | 493,629 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 110,466,000 | 112,026,000 | 110,705,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,600,000 | 11,000,000 | 9,000,000 |
| Debtors (Due After 1 year) | 64,715,000 | 47,777,000 | 54,806,000 | 38,685,000 | 15,950,000 | 26,052,000 | 240,307 | 0 | 0 | 0 | 0 | 112,001 | 0 | 34,687 | 0 |
| Total Fixed Assets | 175,181,000 | 159,803,000 | 165,511,000 | 38,685,000 | 15,950,000 | 26,052,000 | 240,307 | 0 | 0 | 0 | 0 | 112,001 | 12,600,000 | 11,034,687 | 9,000,000 |
| Stock & work in progress | 88,127,000 | 97,820,000 | 85,807,000 | 120,266,000 | 126,552,000 | 120,049,000 | 119,807,332 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 868,000 | 1,081,000 | 638,000 | 1,018,000 | 735,000 | 486,000 | 390,560 | 0 | 0 | 0 | 0 | 875 | 205,439 | 155,184 | 141,366 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,652,000 | 361,000 | 545,000 | 480,000 | 891,000 | 1,217,000 | 828,079 | 0 | 0 | 0 | 0 | 0 | 380,759 | 0 | 0 |
| Cash | 4,112,000 | 96,000 | 3,168,000 | 6,875,000 | 3,494,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 282,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 94,759,000 | 99,358,000 | 90,158,000 | 128,921,000 | 131,672,000 | 124,752,000 | 121,025,971 | 0 | 0 | 0 | 0 | 875 | 586,198 | 155,184 | 141,366 |
| total assets | 269,940,000 | 259,161,000 | 255,669,000 | 167,606,000 | 147,622,000 | 150,804,000 | 121,266,278 | 0 | 0 | 0 | 0 | 112,876 | 13,186,198 | 11,189,871 | 9,141,366 |
| Bank overdraft | 29,674,000 | 41,672,000 | 0 | 0 | 0 | 51,709,000 | 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 | 287,000 | 207,000 | 187,000 | 392,000 | 136,000 | 264,000 | 275,701 | 0 | 0 | 0 | 0 | 0 | 33,588 | 19,683 | 53,260 |
| 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 | 1,857,000 | 1,487,000 | 1,985,000 | 1,502,000 | 2,989,000 | 2,296,000 | 1,670,600 | 0 | 0 | 0 | 0 | 2,500 | 119,375 | 92,049 | 146,344 |
| total current liabilities | 31,818,000 | 43,366,000 | 2,172,000 | 1,894,000 | 3,125,000 | 54,269,000 | 1,946,301 | 0 | 0 | 0 | 0 | 2,500 | 152,963 | 111,732 | 199,604 |
| loans | 88,479,000 | 71,567,000 | 113,342,000 | 0 | 98,167,000 | 56,713,000 | 80,894,451 | 0 | 0 | 0 | 0 | 0 | 8,051,946 | 7,800,439 | 7,823,592 |
| 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 | 0 | 0 | 0 | 113,136,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 19,497,000 | 19,670,000 | 19,682,000 | 2,000 | 2,000 | 2,000 | 1,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 107,976,000 | 91,237,000 | 133,024,000 | 113,138,000 | 98,169,000 | 56,715,000 | 80,896,271 | 0 | 0 | 0 | 0 | 0 | 8,051,946 | 7,800,439 | 7,823,592 |
| total liabilities | 139,794,000 | 134,603,000 | 135,196,000 | 115,032,000 | 101,294,000 | 110,984,000 | 82,842,572 | 0 | 0 | 0 | 0 | 2,500 | 8,204,909 | 7,912,171 | 8,023,196 |
| net assets | 130,146,000 | 124,558,000 | 120,473,000 | 52,574,000 | 46,328,000 | 39,820,000 | 38,423,706 | 0 | 0 | 0 | 0 | 110,376 | 4,981,289 | 3,277,700 | 1,118,170 |
| total shareholders funds | 130,146,000 | 124,558,000 | 120,473,000 | 52,574,000 | 46,328,000 | 39,820,000 | 38,423,706 | 0 | 0 | 0 | 0 | 110,376 | 4,981,289 | 3,277,700 | 1,118,170 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 17,600,000 | 12,996,000 | 31,565,000 | 18,397,000 | 19,507,000 | 20,856,000 | 25,243,582 | -11,672 | 370,486 | 473,488 | 493,629 | ||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | -3,405,000 | -1,745,000 | -10,489,000 | -3,443,000 | -3,151,000 | -3,725,000 | -4,632,492 | 470 | -38,501 | -68,351 | -102,243 | ||||
| Stock | -9,693,000 | 12,013,000 | -34,459,000 | -6,286,000 | 6,503,000 | 241,668 | 119,807,332 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 18,016,000 | -6,770,000 | 15,806,000 | 22,607,000 | -10,179,000 | 26,296,054 | 1,458,946 | 0 | 0 | 0 | -112,876 | -473,322 | 396,327 | 48,505 | 141,366 |
| Creditors | 80,000 | 20,000 | -205,000 | 256,000 | -128,000 | -11,701 | 275,701 | 0 | 0 | 0 | 0 | -33,588 | 13,905 | -33,577 | 53,260 |
| Accruals and Deferred Income | 370,000 | -498,000 | 483,000 | -1,487,000 | 693,000 | 625,400 | 1,670,600 | 0 | 0 | 0 | -2,500 | -116,875 | 27,326 | -54,295 | 146,344 |
| Deferred Taxes & Provisions | -173,000 | -12,000 | 19,680,000 | 0 | 0 | 180 | 1,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,149,000 | 5,518,000 | 59,687,000 | -2,598,000 | 20,597,000 | -8,792,843 | -98,707,067 | 311,657 | -23,111 | 268,760 | 449,624 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Change in Investments | -1,560,000 | 1,321,000 | 110,705,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,600,000 | 1,600,000 | 2,000,000 | 9,000,000 |
| cash flow from investments | 1,560,000 | -1,321,000 | -110,705,000 | 0 | 0 | 0 | 0 | ||||||||
| 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 | 16,912,000 | -41,775,000 | 113,342,000 | -98,167,000 | 41,454,000 | -24,181,451 | 80,894,451 | 0 | 0 | 0 | 0 | -8,051,946 | 251,507 | -23,153 | 7,823,592 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -113,136,000 | 113,136,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -3,436,000 | -3,166,000 | -2,650,000 | -3,208,000 | -3,348,000 | -1,916,000 | -318,644 | 73 | -225,161 | -229,377 | -128,474 | ||||
| cash flow from financing | 12,305,000 | -44,941,000 | 56,029,000 | 11,761,000 | 38,106,000 | 90,083,843 | 115,027,136 | -8,430,261 | 1,623,111 | 1,731,240 | 8,550,376 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | 4,016,000 | -3,072,000 | -3,707,000 | 3,381,000 | 494,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | -11,998,000 | 41,672,000 | 0 | 0 | -51,709,000 | 51,709,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 16,014,000 | -44,744,000 | -3,707,000 | 3,381,000 | 52,203,000 | -48,709,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
dorrington estates limited Credit Report and Business Information
Dorrington Estates Limited Competitor Analysis
Perform a competitor analysis for dorrington estates limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in SW3 area or any other competitors across 12 key performance metrics.
dorrington estates limited Ownership
DORRINGTON ESTATES LIMITED group structure
Dorrington Estates Limited has 11 subsidiary companies.
Ultimate parent company
QUADRIGA INTERNATIONAL LTD
#0003516
2 parents
DORRINGTON ESTATES LIMITED
05081022
11 subsidiaries
dorrington estates limited directors
Dorrington Estates Limited currently has 7 directors. The longest serving directors include Mr Bruce Thompson (Apr 2004) and Mr Robert Harris (Apr 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Thompson | England | 60 years | Apr 2004 | - | Director |
| Mr Robert Harris | England | 62 years | Apr 2004 | - | Director |
| Mr Andrew Giblin | England | 46 years | Apr 2011 | - | Director |
| Mr Manfred Gorvy | 86 years | Apr 2019 | - | Director | |
| Dr Sean Gorvy | England | 62 years | Apr 2019 | - | Director |
| Mr Michael Jenkins | United Kingdom | 52 years | Feb 2021 | - | Director |
| Mr Harry Swales | United Kingdom | 44 years | Oct 2023 | - | Director |
P&L
December 2023turnover
32.7m
+59%
operating profit
17.6m
+35%
gross margin
57.9%
-6.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
130.1m
+0.04%
total assets
269.9m
+0.04%
cash
4.1m
+41.83%
net assets
Total assets minus all liabilities
Similar Companies
dorrington estates limited company details
company number
05081022
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
March 2004
age
21
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
dorrington city limited (November 2018)
waveroad limited (August 2004)
accountant
-
auditor
DELOITTE LLP
address
16 hans road, london, SW3 1RT
Bank
AVIVA COMMERCIAL FINANCE LIMITED
Legal Advisor
HERBERT SMITH FREEHILLS LLP
dorrington estates 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 9 charges/mortgages relating to dorrington estates limited. Currently there are 7 open charges and 2 have been satisfied in the past.
dorrington estates 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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dorrington estates limited Companies House Filings - See Documents
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