dorrington property company limited

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dorrington property company limited Company Information

Share DORRINGTON PROPERTY COMPANY LIMITED

Company Number

05390680

Shareholders

caroline dorrington

robert john dorrington

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Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Registered Address

225 bury new road, whitefield, manchester, greater manchester, M45 8GW

dorrington property company limited Estimated Valuation

£840.8k

Pomanda estimates the enterprise value of DORRINGTON PROPERTY COMPANY LIMITED at £840.8k based on a Turnover of £253.2k and 3.32x industry multiple (adjusted for size and gross margin).

dorrington property company limited Estimated Valuation

£245.1k

Pomanda estimates the enterprise value of DORRINGTON PROPERTY COMPANY LIMITED at £245.1k based on an EBITDA of £36.7k and a 6.67x industry multiple (adjusted for size and gross margin).

dorrington property company limited Estimated Valuation

£908.4k

Pomanda estimates the enterprise value of DORRINGTON PROPERTY COMPANY LIMITED at £908.4k based on Net Assets of £515k and 1.76x industry multiple (adjusted for liquidity).

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Dorrington Property Company Limited Overview

Dorrington Property Company Limited is a live company located in manchester, M45 8GW with a Companies House number of 05390680. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2005, it's largest shareholder is caroline dorrington with a 33.3% stake. Dorrington Property Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £253.2k with healthy growth in recent years.

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Dorrington Property Company Limited Health Check

Pomanda's financial health check has awarded Dorrington Property Company Limited 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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £253.2k, make it smaller than the average company (£923.6k)

£253.2k - Dorrington Property Company Limited

£923.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.9%)

13% - Dorrington Property Company Limited

4.9% - Industry AVG

production

Production

with a gross margin of 75.5%, this company has a comparable cost of product (75.5%)

75.5% - Dorrington Property Company Limited

75.5% - Industry AVG

profitability

Profitability

an operating margin of 14.5% make it less profitable than the average company (29.3%)

14.5% - Dorrington Property Company Limited

29.3% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (4)

3 - Dorrington Property Company Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)

£32.4k - Dorrington Property Company Limited

£32.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £84.4k, this is less efficient (£177.3k)

£84.4k - Dorrington Property Company Limited

£177.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12 days, this is earlier than average (30 days)

12 days - Dorrington Property Company Limited

30 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Dorrington Property Company Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Dorrington Property Company Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 72 weeks, this is more cash available to meet short term requirements (12 weeks)

72 weeks - Dorrington Property Company Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 9.2%, this is a lower level of debt than the average (64%)

9.2% - Dorrington Property Company Limited

64% - Industry AVG

DORRINGTON PROPERTY COMPANY LIMITED financials

EXPORTms excel logo

Dorrington Property Company Limited's latest turnover from March 2024 is estimated at £253.2 thousand and the company has net assets of £515 thousand. According to their latest financial statements, Dorrington Property Company Limited has 3 employees and maintains cash reserves of £57.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover253,165217,877204,756176,997195,838199,844186,532191,296201,98986,51280,35179,40587,8071,033,73574,897
Other Income Or Grants
Cost Of Sales62,04854,80151,56144,19450,60553,45046,74348,28857,41529,20426,23024,43927,059331,57423,324
Gross Profit191,117163,076153,195132,803145,233146,394139,789143,007144,57457,30854,12154,96660,748702,16051,573
Admin Expenses154,373128,780105,78267,76195,38794,12298,441101,13788,7483,3954,94211,43317,254670,957-79,697
Operating Profit36,74434,29647,41365,04249,84652,27241,34841,87055,82653,91349,17943,53343,49431,203131,270
Interest Payable6,4188,8617,8158,84510,58513,59214,88116,01214,79212,4976,470
Interest Receivable3,2252,89053963512371631352692362012091489766
Pre-Tax Profit33,55128,32540,13756,26039,31238,91726,63025,99441,30341,65242,91043,74243,64231,300131,336
Tax-8,388-5,382-7,626-10,689-7,469-7,394-5,060-5,199-8,260-8,747-9,869-10,498-11,347-8,764-36,774
Profit After Tax25,16322,94332,51145,57131,84331,52321,57020,79533,04232,90533,04133,24432,29522,53694,562
Dividends Paid
Retained Profit25,16322,94332,51145,57131,84331,52321,57020,79533,04232,90533,04133,24432,29522,53694,562
Employee Costs97,18091,12088,50080,50381,97580,99778,01976,71478,72926,00024,78723,98023,937187,04524,821
Number Of Employees333333333111181
EBITDA*36,74434,29647,41365,04249,84652,27241,34841,87055,82653,91349,17943,53343,49431,203131,270

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets498,590498,590498,590498,590498,590
Intangible Assets
Investments & Other500,000500,000500,000500,000500,000500,000500,000500,000498,590498,590
Debtors (Due After 1 year)
Total Fixed Assets500,000500,000500,000500,000500,000500,000500,000500,000498,590498,590498,590498,590498,590498,590498,590
Stock & work in progress
Trade Debtors8,6825,3697,6845,8246,4016,4126,5706,8085,7036,1105,2945,7035,252102,3445,135
Group Debtors
Misc Debtors30330330330330,000
Cash57,88564,97571,02472,78152,70748,81214,49550,65557,29550,17844,07736,45347,04412,29726,356
misc current assets
total current assets66,87070,64779,01178,90859,10855,22451,06557,46362,99856,28849,37142,15652,296114,64131,491
total assets566,870570,647579,011578,908559,108555,224551,065557,463561,588554,878547,961540,746550,886613,231530,081
Bank overdraft31,67929,23728,48229,31728,88128,14427,81927,04026,91226,452
Bank loan
Trade Creditors 36,37336,23654,165122,80338,162
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities9,6399,02511,08714,08610,83610,75710,47310,94410,27810,317
total current liabilities41,31838,26239,56943,40339,71738,90138,29237,98437,19036,76936,37336,23654,165122,80338,162
loans10,59542,59172,591101,165130,622159,397187,370215,646242,770159,005199,065
hp & lease commitments
Accruals and Deferred Income
other liabilities110,51896,842321,870347,325373,327397,354
provisions
total long term liabilities10,59542,59172,591101,165130,622159,397187,370215,646242,770269,523295,907321,870347,325373,327397,354
total liabilities51,91380,853112,160144,568170,339198,298225,662253,630279,960306,292332,280358,106401,490496,130435,516
net assets514,957489,794466,851434,340388,769356,926325,403303,833281,628248,586215,681182,640149,396117,10194,565
total shareholders funds514,957489,794466,851434,340388,769356,926325,403303,833281,628248,586215,681182,640149,396117,10194,565
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit36,74434,29647,41365,04249,84652,27241,34841,87055,82653,91349,17943,53343,49431,203131,270
Depreciation
Amortisation
Tax-8,388-5,382-7,626-10,689-7,469-7,394-5,060-5,199-8,260-8,747-9,869-10,498-11,347-8,764-36,774
Stock
Debtors3,313-2,3151,860-274-11-30,15829,7621,105-407816-409451-97,09297,2095,135
Creditors-36,373137-17,929-68,63884,64138,162
Accruals and Deferred Income614-2,062-2,9993,25079284-471666-3910,317
Deferred Taxes & Provisions
Cash flow from operations25,65729,16734,92857,87742,46775,3206,05536,23247,93418,29439,85614,65560,6019,871127,523
Investing Activities
capital expenditure498,590-498,590
Change in Investments1,410498,590
cash flow from investments-1,410-498,590
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-31,996-30,000-28,574-29,457-28,775-27,973-28,276-27,12483,765-40,060199,065
Hire Purchase and Lease Commitments
other long term liabilities-110,51813,676-225,028-25,455-26,002-24,027397,354
share issue1,4103
interest-3,193-5,971-7,276-8,782-10,534-13,355-14,718-15,877-14,523-12,261-6,2692091489766
cash flow from financing-35,189-35,971-35,850-38,239-39,309-41,328-42,994-41,591-41,276-38,645-32,232-25,246-25,854-23,930397,423
cash and cash equivalents
cash-7,090-6,049-1,75720,0743,89534,317-36,160-6,6407,1176,1017,624-10,59134,747-14,05926,356
overdraft2,442755-83543673732577912846026,452
change in cash-9,532-6,804-92219,6383,15833,992-36,939-6,7686,657-20,3517,624-10,59134,747-14,05926,356

dorrington property company limited 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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Dorrington Property Company Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for dorrington property company limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in M45 area or any other competitors across 12 key performance metrics.

dorrington property company limited Ownership

DORRINGTON PROPERTY COMPANY LIMITED group structure

Dorrington Property Company Limited has no subsidiary companies.

Ultimate parent company

DORRINGTON PROPERTY COMPANY LIMITED

05390680

DORRINGTON PROPERTY COMPANY LIMITED Shareholders

caroline dorrington 33.33%
robert john dorrington 33.33%
karen dorrington 33.33%

dorrington property company limited directors

Dorrington Property Company Limited currently has 3 directors. The longest serving directors include Mr Ian Dorrington (Mar 2005) and Mr Robert Dorrington (Mar 2005).

officercountryagestartendrole
Mr Ian Dorrington49 years Mar 2005- Director
Mr Robert Dorrington51 years Mar 2005- Director
Ms Caroline Dorrington51 years Mar 2005- Director

P&L

March 2024

turnover

253.2k

+16%

operating profit

36.7k

0%

gross margin

75.5%

+0.86%

turnover

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

Balance Sheet

March 2024

net assets

515k

+0.05%

total assets

566.9k

-0.01%

cash

57.9k

-0.11%

net assets

Total assets minus all liabilities

dorrington property company limited company details

company number

05390680

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 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

ASHWORTH MOULDS

auditor

-

address

225 bury new road, whitefield, manchester, greater manchester, M45 8GW

Bank

-

Legal Advisor

-

dorrington property company 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 2 charges/mortgages relating to dorrington property company limited. Currently there are 2 open charges and 0 have been satisfied in the past.

dorrington property company 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 property company limited Companies House Filings - See Documents

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