downing three vct plc
downing three vct plc Company Information
Company Number
05334413
Next Accounts
1307 days late
Industry
Activities of investment trusts
Directors
-
Shareholders
-
Group Structure
View All
Contact
Registered Address
3 field court, london, WC1R 5EF
Website
www.downing.co.ukdowning three vct plc Estimated Valuation
Pomanda estimates the enterprise value of DOWNING THREE VCT PLC at £787.1k based on a Turnover of £654k and 1.2x industry multiple (adjusted for size and gross margin).
downing three vct plc Estimated Valuation
Pomanda estimates the enterprise value of DOWNING THREE VCT PLC at £654.6k based on an EBITDA of £134.6k and a 4.86x industry multiple (adjusted for size and gross margin).
downing three vct plc Estimated Valuation
Pomanda estimates the enterprise value of DOWNING THREE VCT PLC at £14.6m based on Net Assets of £12.5m and 1.17x industry multiple (adjusted for liquidity).
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Downing Three Vct Plc Overview
Downing Three Vct Plc is a live company located in london, WC1R 5EF with a Companies House number of 05334413. It operates in the activities of investment trusts sector, SIC Code 64301. Founded in January 2005, it's largest shareholder is unknown. Downing Three Vct Plc is a mature, small sized company, Pomanda has estimated its turnover at £654k with low growth in recent years.
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Downing Three Vct Plc Health Check
Pomanda's financial health check has awarded Downing Three Vct Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £654k, make it smaller than the average company (£5m)
£654k - Downing Three Vct Plc
£5m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.7%)
4% - Downing Three Vct Plc
5.7% - Industry AVG
Production
with a gross margin of 52.2%, this company has a comparable cost of product (52.2%)
52.2% - Downing Three Vct Plc
52.2% - Industry AVG
Profitability
an operating margin of 20.6% make it more profitable than the average company (14.5%)
20.6% - Downing Three Vct Plc
14.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Downing Three Vct Plc
4 - Industry AVG
Pay Structure
on an average salary of £23k, the company has a lower pay structure (£56.3k)
£23k - Downing Three Vct Plc
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £218k, this is less efficient (£261.2k)
£218k - Downing Three Vct Plc
£261.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Downing Three Vct Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Downing Three Vct Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Downing Three Vct Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 695 weeks, this is more cash available to meet short term requirements (105 weeks)
695 weeks - Downing Three Vct Plc
105 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.3%, this is a lower level of debt than the average (6.7%)
1.3% - Downing Three Vct Plc
6.7% - Industry AVG
DOWNING THREE VCT PLC financials
Downing Three Vct Plc's latest turnover from December 2019 is £654 thousand and the company has net assets of £12.5 million. According to their latest financial statements, Downing Three Vct Plc has 3 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 654,000 | 885,000 | 993,000 | 585,000 | 2,449,000 | 1,466,000 | 1,066,000 | 1,149,000 | 676,000 | 843,000 | 248,000 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 97,000 | 199,000 | 135,000 | -354,000 | 1,479,000 | 606,000 | 526,000 | 603,000 | 2,000 | 417,000 | 81,000 |
| Tax | 24,000 | -112,000 | -27,000 | 21,000 | -162,000 | -155,000 | -128,000 | -152,000 | -85,000 | -120,000 | -21,000 |
| Profit After Tax | 121,000 | 87,000 | 108,000 | -333,000 | 1,317,000 | 451,000 | 398,000 | 451,000 | -83,000 | 297,000 | 60,000 |
| Dividends Paid | 2,414,000 | 4,673,000 | 4,939,000 | 6,690,000 | 7,496,000 | 1,891,000 | 1,400,000 | 1,350,000 | 1,038,000 | 609,000 | 0 |
| Retained Profit | -2,293,000 | -4,586,000 | -4,831,000 | -7,023,000 | -6,179,000 | -1,440,000 | -1,002,000 | -899,000 | -1,121,000 | -312,000 | 60,000 |
| Employee Costs | 69,000 | 69,000 | 69,000 | 57,000 | 57,000 | 61,000 | 31,000 | 34,000 | 28,000 | 24,000 | 23,000 |
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 9,758,000 | 17,140,000 | 24,699,000 | 30,836,000 | 22,707,000 | 28,204,000 | 19,718,000 | 20,609,000 | 14,240,000 | 13,222,000 | 4,309,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,758,000 | 17,140,000 | 24,699,000 | 30,836,000 | 22,707,000 | 28,204,000 | 19,718,000 | 20,609,000 | 14,240,000 | 13,222,000 | 4,309,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 678,000 | 779,000 | 322,000 | 133,000 | 632,000 | 417,000 | 169,000 | 320,000 | 1,391,000 | 451,000 | 2,591,000 |
| Cash | 2,193,000 | 1,762,000 | 3,933,000 | 2,337,000 | 16,578,000 | 7,182,000 | 3,254,000 | 3,781,000 | 672,000 | 2,593,000 | 3,755,000 |
| misc current assets | 0 | 0 | 0 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,871,000 | 2,541,000 | 4,255,000 | 2,479,000 | 17,210,000 | 7,599,000 | 3,423,000 | 4,101,000 | 2,063,000 | 3,044,000 | 6,346,000 |
| total assets | 12,629,000 | 19,681,000 | 28,954,000 | 33,315,000 | 39,917,000 | 35,803,000 | 23,141,000 | 24,710,000 | 16,303,000 | 16,266,000 | 10,655,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 193,000 | 67,000 | 94,000 | 61,000 | 67,000 | 16,000 |
| other short term finances | 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 |
| other current liabilities | 164,000 | 255,000 | 262,000 | 295,000 | 494,000 | 541,000 | 237,000 | 269,000 | 152,000 | 166,000 | 161,000 |
| total current liabilities | 164,000 | 255,000 | 262,000 | 295,000 | 494,000 | 734,000 | 304,000 | 363,000 | 213,000 | 233,000 | 177,000 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 164,000 | 255,000 | 262,000 | 295,000 | 494,000 | 734,000 | 304,000 | 363,000 | 213,000 | 233,000 | 177,000 |
| net assets | 12,465,000 | 19,426,000 | 28,692,000 | 33,020,000 | 39,423,000 | 35,069,000 | 22,837,000 | 24,347,000 | 16,090,000 | 16,033,000 | 10,478,000 |
| total shareholders funds | 12,465,000 | 19,426,000 | 28,692,000 | 33,020,000 | 39,423,000 | 35,069,000 | 22,837,000 | 24,347,000 | 16,090,000 | 16,033,000 | 10,478,000 |
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| 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 | 24,000 | -112,000 | -27,000 | 21,000 | -162,000 | -155,000 | -128,000 | -152,000 | -85,000 | -120,000 | -21,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -101,000 | 457,000 | 189,000 | -499,000 | 215,000 | 248,000 | -1,222,000 | -1,071,000 | 940,000 | -2,140,000 | 2,591,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -91,000 | -7,000 | -33,000 | -199,000 | -47,000 | 304,000 | 85,000 | 117,000 | -14,000 | 5,000 | 161,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | 2,698,000 | 2,882,000 | 6,672,000 | -7,549,000 | 5,297,000 | -8,260,000 | 429,000 | -6,194,000 | -1,282,000 | -8,914,000 | -558,000 |
| Change in Investments | -7,382,000 | -7,559,000 | -6,137,000 | 8,129,000 | -5,497,000 | 8,486,000 | 5,478,000 | 6,369,000 | 1,018,000 | 8,913,000 | 4,309,000 |
| cash flow from investments | 10,080,000 | 10,441,000 | 12,809,000 | -15,678,000 | 10,794,000 | -16,746,000 | -5,049,000 | -12,563,000 | -2,300,000 | -17,827,000 | -4,867,000 |
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -193,000 | 126,000 | 6,000 | 33,000 | -6,000 | 51,000 | 16,000 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -4,668,000 | -4,680,000 | 503,000 | 620,000 | 10,340,000 | 13,798,000 | 7,755,000 | 9,189,000 | 1,172,000 | 5,918,000 | 10,434,000 |
| cash and cash equivalents | |||||||||||
| cash | 431,000 | -2,171,000 | 1,596,000 | -14,241,000 | 9,396,000 | 3,928,000 | 2,582,000 | 3,109,000 | -1,921,000 | -1,162,000 | 3,755,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 431,000 | -2,171,000 | 1,596,000 | -14,241,000 | 9,396,000 | 3,928,000 | 2,582,000 | 3,109,000 | -1,921,000 | -1,162,000 | 3,755,000 |
downing three vct plc Credit Report and Business Information
Downing Three Vct Plc Competitor Analysis
Perform a competitor analysis for downing three vct plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in WC1R area or any other competitors across 12 key performance metrics.
downing three vct plc Ownership
DOWNING THREE VCT PLC group structure
Downing Three Vct Plc has no subsidiary companies.
Ultimate parent company
DOWNING THREE VCT PLC
05334413
downing three vct plc directors
Downing Three Vct Plc currently has 1 director, undefined undefined serving since - .
| officer | country | age | start | end | role |
|---|
P&L
December 2019turnover
654k
-26%
operating profit
134.6k
0%
gross margin
52.2%
+21.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
12.5m
-0.36%
total assets
12.6m
-0.36%
cash
2.2m
+0.24%
net assets
Total assets minus all liabilities
downing three vct plc company details
company number
05334413
Type
Public limited with Share Capital
industry
64301 - Activities of investment trusts
incorporation date
January 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
downing planned exit vct 3 plc (December 2013)
downing protected vct iii plc (December 2009)
accountant
-
auditor
BDO LLP
address
3 field court, london, WC1R 5EF
Bank
BANK OF SCOTLAND
Legal Advisor
-
downing three vct 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 downing three vct plc.
downing three vct plc 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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downing three vct plc Companies House Filings - See Documents
| date | description | view/download |
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