dere street homes limited
dere street homes limited Company Information
Company Number
05369404
Next Accounts
Sep 2025
Shareholders
vb turnbull limited
Group Structure
View All
Industry
Development of building projects
Registered Address
dere street house, bowburn north industrial estate, durham, DH6 5PF
Website
www.derestreethomes.co.ukdere street homes limited Estimated Valuation
Pomanda estimates the enterprise value of DERE STREET HOMES LIMITED at £4.1m based on a Turnover of £10.8m and 0.38x industry multiple (adjusted for size and gross margin).
dere street homes limited Estimated Valuation
Pomanda estimates the enterprise value of DERE STREET HOMES LIMITED at £0 based on an EBITDA of £-58.1k and a 2.99x industry multiple (adjusted for size and gross margin).
dere street homes limited Estimated Valuation
Pomanda estimates the enterprise value of DERE STREET HOMES LIMITED at £2.4m based on Net Assets of £1.7m and 1.41x industry multiple (adjusted for liquidity).
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Dere Street Homes Limited Overview
Dere Street Homes Limited is a live company located in durham, DH6 5PF with a Companies House number of 05369404. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2005, it's largest shareholder is vb turnbull limited with a 100% stake. Dere Street Homes Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.8m with declining growth in recent years.
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Dere Street Homes Limited Health Check
Pomanda's financial health check has awarded Dere Street Homes Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £10.8m, make it larger than the average company (£2.5m)
£10.8m - Dere Street Homes Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (4.8%)
-14% - Dere Street Homes Limited
4.8% - Industry AVG
Production
with a gross margin of 6.9%, this company has a higher cost of product (27.1%)
6.9% - Dere Street Homes Limited
27.1% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (6.9%)
-0.9% - Dere Street Homes Limited
6.9% - Industry AVG
Employees
with 28 employees, this is above the industry average (7)
28 - Dere Street Homes Limited
7 - Industry AVG
Pay Structure
on an average salary of £45.3k, the company has an equivalent pay structure (£48.1k)
£45.3k - Dere Street Homes Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £385.3k, this is more efficient (£290.1k)
£385.3k - Dere Street Homes Limited
£290.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (28 days)
0 days - Dere Street Homes Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (31 days)
22 days - Dere Street Homes Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 259 days, this is more than average (156 days)
259 days - Dere Street Homes Limited
156 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Dere Street Homes Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.9%, this is a similar level of debt than the average (73.6%)
78.9% - Dere Street Homes Limited
73.6% - Industry AVG
DERE STREET HOMES LIMITED financials
Dere Street Homes Limited's latest turnover from December 2023 is £10.8 million and the company has net assets of £1.7 million. According to their latest financial statements, Dere Street Homes Limited has 28 employees and maintains cash reserves of £271.3 thousand 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 | 10,789,192 | 16,531,732 | 12,319,668 | 16,956,941 | 18,201,113 | 12,446,371 | |||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 10,046,128 | 14,875,320 | 11,558,921 | 15,914,805 | 17,145,495 | 11,753,984 | |||||||||
| Gross Profit | 743,064 | 1,656,412 | 760,747 | 1,042,136 | 1,055,618 | 692,387 | |||||||||
| Admin Expenses | 845,913 | 861,638 | 627,247 | 569,418 | 497,678 | 497,224 | |||||||||
| Operating Profit | -102,849 | 794,774 | 133,500 | 472,718 | 557,940 | 195,163 | |||||||||
| Interest Payable | 4,477 | 8,392 | |||||||||||||
| Interest Receivable | 965 | 2,627 | |||||||||||||
| Pre-Tax Profit | -106,361 | 789,009 | 133,500 | 472,718 | 557,940 | 195,163 | |||||||||
| Tax | 21,996 | -170,204 | -27,357 | -91,284 | -107,540 | -37,189 | |||||||||
| Profit After Tax | -84,365 | 618,805 | 106,143 | 381,434 | 450,400 | 157,974 | |||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -84,365 | 618,805 | 106,143 | 381,434 | 450,400 | 157,974 | |||||||||
| Employee Costs | 1,269,563 | 1,464,263 | 1,328,689 | 1,173,866 | 1,036,444 | 879,907 | |||||||||
| Number Of Employees | 28 | 28 | 29 | 25 | 25 | 22 | 18 | 18 | 15 | ||||||
| EBITDA* | -58,142 | 830,826 | 150,116 | 481,432 | 562,356 | 197,844 |
* 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 | 193,215 | 159,426 | 72,609 | 26,504 | 30,585 | 15,419 | 9,815 | 4,563 | 10,910 | 13,885 | 5,666 | 5,989 | 12,910 | 16,691 | 21,604 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 193,215 | 159,426 | 72,609 | 26,504 | 30,585 | 15,419 | 9,815 | 4,563 | 10,910 | 13,885 | 5,666 | 5,989 | 12,910 | 16,691 | 21,604 |
| Stock & work in progress | 7,146,039 | 6,786,730 | 6,493,803 | 5,755,191 | 8,615,337 | 10,668,257 | 8,678,329 | 491,161 | 251,195 | 319,887 | 128,785 | 35,089 | 49,313 | 59,113 | 7,518 |
| Trade Debtors | 12,199 | 80,463 | 94,945 | 38,672 | 19,932 | 10,539 | 1,381 | 252,034 | 5,178 | 102,057 | 147,763 | 108,377 | 96,117 | 37,313 | 239,968 |
| Group Debtors | 352,152 | 125,203 | 424,598 | 1,048,200 | 15,000 | 65,496 | 1,655 | ||||||||
| Misc Debtors | 215,223 | 199,542 | 669,788 | 563,827 | 659,472 | 219,686 | 156,501 | 52,331 | 106,126 | ||||||
| Cash | 271,319 | 1,853,407 | 1,555,662 | 1,016,143 | 1,608,642 | 1,311,520 | 849,034 | 245,508 | 69,803 | 170,105 | 181,323 | 51,075 | |||
| misc current assets | |||||||||||||||
| total current assets | 7,996,932 | 9,045,345 | 9,238,796 | 8,422,033 | 10,918,383 | 12,275,498 | 9,686,900 | 1,041,034 | 432,302 | 592,049 | 457,871 | 194,541 | 145,430 | 96,426 | 247,486 |
| total assets | 8,190,147 | 9,204,771 | 9,311,405 | 8,448,537 | 10,948,968 | 12,290,917 | 9,696,715 | 1,045,597 | 443,212 | 605,934 | 463,537 | 200,530 | 158,340 | 113,117 | 269,090 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 615,764 | 751,680 | 1,430,028 | 722,518 | 717,153 | 918,882 | 658,603 | 532,980 | 289,523 | 563,253 | 475,272 | 226,488 | 247,349 | 185,851 | 397,152 |
| Group/Directors Accounts | 4,344,567 | 4,422,511 | 5,745,486 | 5,369,416 | 9,224,128 | 10,862,740 | 8,875,441 | ||||||||
| other short term finances | 8,851 | 8,851 | 8,851 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,476,456 | 2,146,675 | 881,608 | 1,260,553 | 292,533 | 246,811 | 59,325 | 198,784 | 83,736 | ||||||
| total current liabilities | 6,445,638 | 7,329,717 | 8,065,973 | 7,352,487 | 10,233,814 | 12,028,433 | 9,593,369 | 731,764 | 373,259 | 563,253 | 475,272 | 226,488 | 247,349 | 185,851 | 397,152 |
| loans | 12,538 | 21,389 | 30,240 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 37,329 | 17,661 | 4,662 | 5,200 | 2,930 | 1,766 | 821 | 970 | 1,635 | ||||||
| total long term liabilities | 12,538 | 58,718 | 47,901 | 4,662 | 5,200 | 2,930 | 1,766 | 821 | 970 | 1,635 | |||||
| total liabilities | 6,458,176 | 7,388,435 | 8,113,874 | 7,357,149 | 10,239,014 | 12,031,363 | 9,595,135 | 732,585 | 374,229 | 564,888 | 475,272 | 226,488 | 247,349 | 185,851 | 397,152 |
| net assets | 1,731,971 | 1,816,336 | 1,197,531 | 1,091,388 | 709,954 | 259,554 | 101,580 | 313,012 | 68,983 | 41,046 | -11,735 | -25,958 | -89,009 | -72,734 | -128,062 |
| total shareholders funds | 1,731,971 | 1,816,336 | 1,197,531 | 1,091,388 | 709,954 | 259,554 | 101,580 | 313,012 | 68,983 | 41,046 | -11,735 | -25,958 | -89,009 | -72,734 | -128,062 |
| 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 | -102,849 | 794,774 | 133,500 | 472,718 | 557,940 | 195,163 | |||||||||
| Depreciation | 44,707 | 36,052 | 16,616 | 8,714 | 4,416 | 2,681 | 1,511 | 2,115 | 2,544 | 1,545 | 1,229 | 1,430 | 3,781 | 4,913 | 6,249 |
| Amortisation | |||||||||||||||
| Tax | 21,996 | -170,204 | -27,357 | -91,284 | -107,540 | -37,189 | |||||||||
| Stock | 359,309 | 292,927 | 738,612 | -2,860,146 | -2,052,920 | 1,989,928 | 8,187,168 | 239,966 | -68,692 | 191,102 | 93,696 | -14,224 | -9,800 | 51,595 | 7,518 |
| Debtors | 174,366 | -784,123 | -461,368 | 956,295 | 398,683 | 136,184 | -144,828 | 193,061 | 9,247 | -45,706 | 39,386 | 12,260 | 58,804 | -202,655 | 239,968 |
| Creditors | -135,916 | -678,348 | 707,510 | 5,365 | -201,729 | 260,279 | 125,623 | 243,457 | -273,730 | 87,981 | 248,784 | -20,861 | 61,498 | -211,301 | 397,152 |
| Accruals and Deferred Income | -670,219 | 1,265,067 | -378,945 | 968,020 | 45,722 | 187,486 | -139,459 | 115,048 | 83,736 | ||||||
| Deferred Taxes & Provisions | -37,329 | 19,668 | 12,999 | -538 | 2,270 | 1,164 | 945 | -149 | -665 | 1,635 | |||||
| Cash flow from operations | -1,413,285 | 1,758,205 | 187,079 | 3,266,846 | 1,955,316 | -1,516,528 | |||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -77,944 | -1,322,975 | 376,070 | -3,854,712 | -1,638,612 | 1,987,299 | 8,875,441 | ||||||||
| Other Short Term Loans | 8,851 | ||||||||||||||
| Long term loans | -8,851 | -8,851 | 30,240 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -3,512 | -5,765 | |||||||||||||
| cash flow from financing | -90,307 | -1,337,591 | 415,161 | -3,854,712 | -1,638,612 | 1,987,299 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -1,582,088 | 297,745 | 539,519 | -592,499 | 297,122 | 462,486 | 603,526 | 175,705 | -100,302 | -11,218 | 130,248 | 51,075 | |||
| overdraft | |||||||||||||||
| change in cash | -1,582,088 | 297,745 | 539,519 | -592,499 | 297,122 | 462,486 | 603,526 | 175,705 | -100,302 | -11,218 | 130,248 | 51,075 |
dere street homes limited Credit Report and Business Information
Dere Street Homes Limited Competitor Analysis
Perform a competitor analysis for dere street homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in DH6 area or any other competitors across 12 key performance metrics.
dere street homes limited Ownership
DERE STREET HOMES LIMITED group structure
Dere Street Homes Limited has no subsidiary companies.
Ultimate parent company
2 parents
DERE STREET HOMES LIMITED
05369404
dere street homes limited directors
Dere Street Homes Limited currently has 2 directors. The longest serving directors include Ms Marie McQuaid (Oct 2012) and Mr Sean McQuaid (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Marie McQuaid | England | 49 years | Oct 2012 | - | Director |
| Mr Sean McQuaid | 47 years | Dec 2017 | - | Director |
P&L
December 2023turnover
10.8m
-35%
operating profit
-102.8k
-113%
gross margin
6.9%
-31.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.7m
-0.05%
total assets
8.2m
-0.11%
cash
271.3k
-0.85%
net assets
Total assets minus all liabilities
dere street homes limited company details
company number
05369404
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ARMSTRONG WATSON AUDIT LIMITED
address
dere street house, bowburn north industrial estate, durham, DH6 5PF
Bank
HANDELSBANKEN
Legal Advisor
SWINBURNE MADDISON
dere street homes 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 did not find charges/mortgages relating to dere street homes limited.
dere street homes 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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dere street homes limited Companies House Filings - See Documents
| date | description | view/download |
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