Design 2 Fit Ltd

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design 2 fit ltd Company Information

Live

EstablishedSmallDeclining

Company Number

05687165

Website

www.d2fkitchens.co.uk

Registered Address

the counting house 4a moss lane, swinton, manchester, M27 9SA

Industry

Manufacture of kitchen furniture

Telephone

01613270353

Next Accounts Due

July 2025

Group Structure

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Directors

Stephen Borg18 Years

Elaine Borg17 Years

Shareholders

stephen borg 67%

elaine borg 33%

design 2 fit ltd Estimated Valuation

£306.8k

Pomanda estimates the enterprise value of DESIGN 2 FIT LTD at £306.8k based on a Turnover of £764.8k and 0.4x industry multiple (adjusted for size and gross margin).

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Design 2 Fit Ltd is a live company located in manchester, M27 9SA with a Companies House number of 05687165. It operates in the manufacture of kitchen furniture sector, SIC Code 31020. Founded in January 2006, it's largest shareholder is stephen borg with a 67% stake. Design 2 Fit Ltd is a established, small sized company, Pomanda has estimated its turnover at £764.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Design 2 Fit Ltd 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

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £764.8k, make it smaller than the average company (£12.1m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (7.5%)

EXPORT

Design 2 Fit Ltd's latest turnover from October 2023 is estimated at £764.8 thousand and the company has net assets of £137.5 thousand. According to their latest financial statements, Design 2 Fit Ltd has 13 employees and maintains cash reserves of £253.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	764,757	942,221	867,367	1,051,106	1,239,653	881,434	941,307	854,130	1,009,852	926,992	512,548	415,253	340,204	183,555	124,428
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	582,261	712,542	661,466	794,640	912,535	649,451	680,717	627,990	754,124	694,582	380,008	303,540	251,181	134,003	88,401
Gross Profit	182,497	229,679	205,901	256,466	327,118	231,984	260,590	226,140	255,728	232,411	132,540	111,714	89,024	49,552	36,027
Admin Expenses	240,484	179,909	125,771	281,615	309,346	231,366	252,325	224,915	263,415	171,217	124,660	90,716	92,977	42,289	33,626
Operating Profit	-57,987	49,770	80,130	-25,149	17,772	618	8,265	1,225	-7,687	61,194	7,880	20,998	-3,953	7,263	2,401
Interest Payable	0	0	0	0	3,611	4,160	508	0	241	0	0	0	0	0	0
Interest Receivable	17,117	9,974	336	133	222	45	21	160	287	305	158	237	140	69	26
Pre-Tax Profit	-40,870	59,744	80,465	-25,016	14,383	-3,497	7,778	1,385	-7,641	61,499	8,038	21,234	-3,813	7,332	2,428
Tax	0	-11,351	-15,288	0	-2,733	0	-1,478	-277	0	-12,915	-1,849	-5,096	0	-2,053	-680
Profit After Tax	-40,870	48,393	65,177	-25,016	11,650	-3,497	6,300	1,108	-7,641	48,584	6,189	16,138	-3,813	5,279	1,748
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-40,870	48,393	65,177	-25,016	11,650	-3,497	6,300	1,108	-7,641	48,584	6,189	16,138	-3,813	5,279	1,748
Employee Costs	424,140	354,341	422,782	337,748	335,435	174,440	400,711	458,478	511,528	183,390	99,243	103,532	77,106	48,061	25,331
Number Of Employees	13	11	13	11	11	6	14	16	19	7	4	4	3	2	1
EBITDA*	-27,619	86,391	127,869	21,560	63,816	52,453	61,669	44,631	60,649	115,693	48,534	57,078	17,839	21,280	17,731

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	149,553	177,420	214,041	233,733	243,090	276,887	272,057	315,476	358,214	280,383	208,658	192,729	111,021	113,906	80,443
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	149,553	177,420	214,041	233,733	243,090	276,887	272,057	315,476	358,214	280,383	208,658	192,729	111,021	113,906	80,443
Stock & work in progress	62,300	66,300	96,800	200,000	326,000	318,000	310,000	210,000	170,000	95,000	80,995	29,357	35,000	33,500	27,500
Trade Debtors	24,848	102,176	51,420	126,748	193,268	71,456	70,132	46,304	84,564	111,284	33,527	30,722	27,601	10,323	158
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	6,433	10,419	26,414	18,454	0	0	0	0	0	0
Cash	253,470	431,199	455,384	215,775	50,005	9,323	2,701	13,901	466	114,414	7,661	55,388	39,257	16,873	10,566
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	340,618	599,675	603,604	542,523	569,273	405,212	393,252	296,619	273,484	320,698	122,183	115,467	101,858	60,696	38,224
total assets	490,171	777,095	817,645	776,256	812,363	682,099	665,309	612,095	631,698	601,081	330,841	308,196	212,879	174,602	118,667
Bank overdraft	0	0	0	0	0	16,518	16,256	0	7,422	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	267,291	413,853	399,263	363,207	427,318	258,336	198,226	243,192	197,528	377,264	206,487	205,454	159,690	100,500	75,619
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	45,053	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	93,757	262,317	140,664	167,478	0	0	0	0	0	0
total current liabilities	267,291	413,853	399,263	363,207	427,318	413,664	476,799	383,856	372,428	377,264	206,487	205,454	159,690	100,500	75,619
loans	0	0	0	0	0	90,488	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	51,063	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	56,995	151,192	247,767	306,764	252,330	0	58,129	97,143	140,369	103,703	69,406	83,290	49,875	66,975	41,200
provisions	28,415	33,710	40,668	41,515	42,929	48,748	48,748	55,763	52,317	45,889	29,307	0	0	0	0
total long term liabilities	85,410	184,902	288,435	348,279	295,259	190,299	106,877	152,906	192,686	149,592	98,713	83,290	49,875	66,975	41,200
total liabilities	352,701	598,755	687,698	711,486	722,577	603,963	583,676	536,762	565,114	526,856	305,200	288,744	209,565	167,475	116,819
net assets	137,470	178,340	129,947	64,770	89,786	78,136	81,633	75,333	66,584	74,225	25,641	19,452	3,314	7,127	1,848
total shareholders funds	137,470	178,340	129,947	64,770	89,786	78,136	81,633	75,333	66,584	74,225	25,641	19,452	3,314	7,127	1,848

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-57,987	49,770	80,130	-25,149	17,772	618	8,265	1,225	-7,687	61,194	7,880	20,998	-3,953	7,263	2,401
Depreciation	30,368	36,621	47,739	46,709	46,044	51,835	53,404	43,406	68,336	54,499	40,654	36,080	21,792	14,017	15,330
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-11,351	-15,288	0	-2,733	0	-1,478	-277	0	-12,915	-1,849	-5,096	0	-2,053	-680
Stock	-4,000	-30,500	-103,200	-126,000	8,000	8,000	100,000	115,000	75,000	14,005	51,638	-5,643	1,500	6,000	27,500
Debtors	-77,328	50,756	-75,328	-66,520	115,379	-2,662	7,833	-38,566	-8,266	77,757	2,805	3,121	17,278	10,165	158
Creditors	-146,562	14,590	36,056	-64,111	168,982	60,110	-44,966	-134,072	-179,736	170,777	1,033	45,764	59,190	24,881	75,619
Accruals and Deferred Income	0	0	0	0	-93,757	-168,560	121,653	140,664	167,478	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,295	-6,958	-847	-1,414	-5,819	0	-7,015	9,874	6,428	16,582	29,307	0	0	0	0
Cash flow from operations	-98,148	62,416	326,318	148,555	7,110	-61,335	22,030	-15,614	-11,915	198,375	22,582	100,268	58,251	27,943	65,012
Investing Activities
capital expenditure	-2,501	0	-28,047	-37,352	-12,247	-56,665	-9,985	-78,499	-146,167	-126,224	-56,583	-117,788	-18,907	-47,480	-95,773
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,501	0	-28,047	-37,352	-12,247	-56,665	-9,985	-78,499	-146,167	-126,224	-56,583	-117,788	-18,907	-47,480	-95,773
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	-90,488	90,488	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-96,116	96,116	0	0	0	0	0	0	0	0	0
other long term liabilities	-94,197	-96,575	-58,997	54,434	252,330	-58,129	-39,014	-6,560	36,666	34,297	-13,884	33,415	-17,100	25,775	41,200
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	17,117	9,974	336	133	-3,389	-4,115	-487	160	46	305	158	237	140	69	26
cash flow from financing	-77,080	-86,601	-58,661	54,567	62,337	124,360	-39,501	-6,400	36,712	34,602	-13,726	33,652	-16,960	25,844	41,326
cash and cash equivalents
cash	-177,729	-24,185	239,609	165,770	40,682	6,622	-11,200	-100,513	-113,948	106,753	-47,727	16,131	22,384	6,307	10,566
overdraft	0	0	0	0	-16,518	262	16,256	0	7,422	0	0	0	0	0	0
change in cash	-177,729	-24,185	239,609	165,770	57,200	6,360	-27,456	-100,513	-121,370	106,753	-47,727	16,131	22,384	6,307	10,566

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DESIGN 2 FIT LTD group structure

Design 2 Fit Ltd has no subsidiary companies.

Ultimate parent company

DESIGN 2 FIT LTD

05687165

DESIGN 2 FIT LTD Shareholders

stephen borg	67%
elaine borg	33%

Design 2 Fit Ltd currently has 2 directors. The longest serving directors include Mr Stephen Borg (Mar 2006) and Mrs Elaine Borg (Nov 2006).

officer	country	age	start	end	role
Mr Stephen Borg	England	50 years	Mar 2006	-	Director
Mrs Elaine Borg	England	54 years	Nov 2006	-	Director

P&L

October 2023

turnover

764.8k

-19%

operating profit

-58k

gross margin

23.9%

-2.1%

turnover

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

Balance Sheet

October 2023

net assets

137.5k

-0.23%

total assets

490.2k

-0.37%

cash

253.5k

-0.41%

net assets

Total assets minus all liabilities

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company number

05687165

Type

Private limited with Share Capital

industry

31020 - Manufacture of kitchen furniture

incorporation date

January 2006

accounts

Unaudited Abridged

ultimate parent company

None

previous names

questwell projects ltd (March 2006)

last accounts submitted

October 2023

address

the counting house 4a moss lane, swinton, manchester, M27 9SA

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 3 charges/mortgages relating to design 2 fit ltd. Currently there are 3 open charges and 0 have been satisfied in the past.

design 2 fit ltd Company Information

design 2 fit ltd Estimated Valuation

design 2 fit ltd Estimated Valuation

design 2 fit ltd Estimated Valuation

Design 2 Fit Ltd Overview

Design 2 Fit Ltd Health Check

DESIGN 2 FIT LTD financials

design 2 fit ltd Credit Report and Business Information

Design 2 Fit Ltd Competitor Analysis

design 2 fit ltd Ownership

design 2 fit ltd directors

design 2 fit ltd company details

design 2 fit ltd Charges & Mortgages

design 2 fit ltd Companies House Filings - See Documents