Diamond Dealer Direct Limited

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diamond dealer direct limited Company Information

Live

EstablishedSmallLow

Company Number

05697755

Website

www.diamonddealerdirect.co.uk

Registered Address

41-42 warstone lane, hockley, birmingham, B18 6JJ

Industry

Retail sale of watches and jewellery in specialised stores

Telephone

01212361907

Next Accounts Due

February 2025

Group Structure

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Directors

Rajesh Vora18 Years

Shareholders

rajesh mahesh vora 50.5%

purna vora 49.5%

diamond dealer direct limited Estimated Valuation

£0 - £1.6m

The estimated valuation range for diamond dealer direct limited, derived from financial data as of May 2023 and the most recent industry multiples, is between £0 to £1.6m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Diamond Dealer Direct Limited is a live company located in birmingham, B18 6JJ with a Companies House number of 05697755. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in February 2006, it's largest shareholder is rajesh mahesh vora with a 50.5% stake. Diamond Dealer Direct Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with low growth in recent years.

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Pomanda's financial health check has awarded Diamond Dealer Direct Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£10m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (11.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIAMOND DEALER DIRECT LIMITED group structure

Diamond Dealer Direct Limited has no subsidiary companies.

Ultimate parent company

DIAMOND DEALER DIRECT LIMITED

05697755

DIAMOND DEALER DIRECT LIMITED Shareholders

rajesh mahesh vora	50.51%
purna vora	49.49%

Diamond Dealer Direct Limited currently has 1 director, Mr Rajesh Vora serving since Feb 2006.

officer	country	age	start	end	role
Mr Rajesh Vora	United Kingdom	43 years	Feb 2006	-	Director

EXPORT

Diamond Dealer Direct Limited's latest turnover from May 2023 is estimated at £1.6 million and the company has net assets of £639.6 thousand. According to their latest financial statements, Diamond Dealer Direct Limited has 10 employees and maintains cash reserves of £115.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,634,842	1,719,934	1,772,870	1,629,078	2,440,230	2,351,580	2,637,757	3,630,928	12,443,279	11,536,299	7,994,801	4,689,414	3,888,723	3,346,286
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,070,115	1,128,820	1,167,451	1,030,289	1,524,111	1,358,450	1,530,228	2,102,249	7,308,221	6,791,124	4,728,223	2,496,653	2,038,581	1,815,620
Gross Profit	564,727	591,114	605,419	598,790	916,119	993,130	1,107,528	1,528,679	5,135,058	4,745,175	3,266,578	2,192,762	1,850,141	1,530,666
Admin Expenses	571,572	569,226	686,982	642,979	353,021	874,365	1,085,015	1,479,209	5,131,679	4,751,192	3,273,312	2,190,397	1,867,295	1,215,965
Operating Profit	-6,845	21,888	-81,563	-44,189	563,098	118,765	22,513	49,470	3,379	-6,017	-6,734	2,365	-17,154	314,701
Interest Payable	25,618	19,996	7,625	5,364	11,481	9,541	6,042	2,083	0	0	0	0	0	0
Interest Receivable	12,903	4,716	277	225	2,438	722	133	395	344	225	186	305	252	74
Pre-Tax Profit	-19,560	6,609	-88,911	-49,328	554,056	109,947	16,604	47,781	3,723	-5,792	-6,548	2,670	-16,902	314,775
Tax	0	-1,256	0	0	-105,271	-20,890	-3,155	-9,556	-744	0	0	-641	0	-88,137
Profit After Tax	-19,560	5,353	-88,911	-49,328	448,785	89,057	13,449	38,225	2,978	-5,792	-6,548	2,029	-16,902	226,638
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-19,560	5,353	-88,911	-49,328	448,785	89,057	13,449	38,225	2,978	-5,792	-6,548	2,029	-16,902	226,638
Employee Costs	338,395	307,979	290,552	323,126	336,377	294,122	295,236	614,895	1,744,985	1,615,153	1,137,913	730,134	668,079	649,296
Number Of Employees	10	10	11	13	13	13	13	26	71	62	46	27	24	22
EBITDA*	-473	24,373	-65,352	-32,530	575,583	127,255	22,513	56,915	11,867	2,522	3,880	22,779	-12,905	342,262

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	55,575	56,126	58,426	49,510	60,868	56,103	64,594	56,704	63,403	60,141	66,751	76,685	89,755	55,398
Intangible Assets	0	85	170	0	0	0	0	0	0	0	0	0	6,762	8,914
Investments & Other	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
Total Fixed Assets	55,575	56,211	58,596	49,510	60,868	56,103	64,594	56,704	63,403	60,141	66,751	76,685	96,517	64,312
Stock & work in progress	555,000	579,000	667,000	989,000	1,500,000	1,267,525	1,337,979	1,165,524	1,129,844	1,726,288	1,836,570	1,292,700	1,274,522	1,199,997
Trade Debtors	86,275	60,215	120,244	69,305	90,334	74,832	44,571	54,371	695,255	417,714	304,668	210,811	237,670	199,227
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	266,068	350,625	452,808	504,039	489,493	587,013	747,588	726,770	0	173,802	109,545	233,168	0	0
Cash	115,840	457,628	485,555	68,929	381,271	268,971	19,917	86,800	71,030	66,564	23,591	50,741	71,169	29,726
misc current assets	0	0	0	327	0	0	0	0	0	0	0	0	0	0
total current assets	1,023,183	1,447,468	1,725,607	1,631,600	2,461,098	2,198,341	2,150,055	2,033,465	1,896,129	2,384,368	2,274,374	1,787,420	1,583,361	1,428,950
total assets	1,078,758	1,503,679	1,784,203	1,681,110	2,521,966	2,254,444	2,214,649	2,090,169	1,959,532	2,444,509	2,341,125	1,864,105	1,679,878	1,493,262
Bank overdraft	50,000	154,638	250,000	0	153,289	132,168	65,378	64,098	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	188,579	191,190	308,566	463,660	891,981	1,245,541	1,438,429	1,262,093	1,570,529	2,241,002	2,135,809	1,652,241	1,469,356	1,266,525
Group/Directors Accounts	369	2,164	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	22,587	32,140	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	2,636	4,100	0	0	0	0	0	0
other current liabilities	77,716	324,472	561,552	469,545	655,069	495,712	382,805	387,535	0	0	0	0	0	0
total current liabilities	316,664	672,464	1,120,118	933,205	1,722,926	1,905,561	1,889,248	1,717,826	1,570,529	2,241,002	2,135,809	1,652,241	1,469,356	1,266,525
loans	116,667	166,666	0	0	0	0	63,876	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	4,154	0	0	0	0	126,716	181,036	0	0	0	0	0
provisions	5,855	5,417	6,152	5,215	7,022	5,650	7,349	4,900	5,465	3,983	0	0	687	0
total long term liabilities	122,522	172,083	10,306	5,215	7,022	5,650	71,225	131,616	186,501	3,983	0	0	687	0
total liabilities	439,186	844,547	1,130,424	938,420	1,729,948	1,911,211	1,960,473	1,849,442	1,757,030	2,244,985	2,135,809	1,652,241	1,470,043	1,266,525
net assets	639,572	659,132	653,779	742,690	792,018	343,233	254,176	240,727	202,502	199,524	205,316	211,864	209,835	226,737
total shareholders funds	639,572	659,132	653,779	742,690	792,018	343,233	254,176	240,727	202,502	199,524	205,316	211,864	209,835	226,737

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-6,845	21,888	-81,563	-44,189	563,098	118,765	22,513	49,470	3,379	-6,017	-6,734	2,365	-17,154	314,701
Depreciation	6,372	2,400	16,211	11,659	12,485	8,490	0	7,445	8,488	8,539	10,614	13,652	2,098	5,852
Amortisation	0	85	0	0	0	0	0	0	0	0	0	6,762	2,151	21,709
Tax	0	-1,256	0	0	-105,271	-20,890	-3,155	-9,556	-744	0	0	-641	0	-88,137
Stock	-24,000	-88,000	-322,000	-511,000	232,475	-70,454	172,455	35,680	-596,444	-110,282	543,870	18,178	74,525	1,199,997
Debtors	-58,497	-162,212	-292	-6,483	-82,018	-130,314	11,018	85,886	103,739	177,303	-29,766	206,309	38,443	199,227
Creditors	-2,611	-117,376	-155,094	-428,321	-353,560	-192,888	176,336	-308,436	-670,473	105,193	483,568	182,885	202,831	1,266,525
Accruals and Deferred Income	-246,756	-237,080	92,007	-185,524	159,357	112,907	-4,730	387,535	0	0	0	0	0	0
Deferred Taxes & Provisions	438	-735	937	-1,807	1,372	-1,699	2,449	-565	1,482	3,983	0	-687	687	0
Cash flow from operations	-166,905	-81,862	194,790	-130,699	127,024	225,453	9,940	4,327	-165,163	44,677	-26,656	-20,151	77,645	121,426
Investing Activities
capital expenditure	-5,736	-100	-25,297	-301	-17,250	1	-7,890	-746	-11,750	-1,929	-680	-582	-36,454	-91,873
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,736	-100	-25,297	-301	-17,250	1	-7,890	-746	-11,750	-1,929	-680	-582	-36,454	-91,873
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,795	2,164	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-22,587	-9,553	32,140	0	0	0	0	0	0	0	0
Long term loans	-49,999	166,666	0	0	0	-63,876	63,876	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-2,636	-1,464	4,100	0	0	0	0	0	0
other long term liabilities	0	-4,154	4,154	0	0	0	-126,716	-54,320	181,036	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	99
interest	-12,715	-15,280	-7,348	-5,139	-9,043	-8,819	-5,909	-1,688	344	225	186	305	252	74
cash flow from financing	-64,509	149,396	-3,194	-27,726	-18,596	-43,191	-70,213	-51,908	181,380	225	186	305	252	173
cash and cash equivalents
cash	-341,788	-27,927	416,626	-312,342	112,300	249,054	-66,883	15,770	4,466	42,973	-27,150	-20,428	41,443	29,726
overdraft	-104,638	-95,362	250,000	-153,289	21,121	66,790	1,280	64,098	0	0	0	0	0	0
change in cash	-237,150	67,435	166,626	-159,053	91,179	182,264	-68,163	-48,328	4,466	42,973	-27,150	-20,428	41,443	29,726

P&L

May 2023

turnover

1.6m

-5%

operating profit

-6.8k

gross margin

34.6%

+0.51%

turnover

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

Balance Sheet

May 2023

net assets

639.6k

-0.03%

total assets

1.1m

-0.28%

cash

115.8k

-0.75%

net assets

Total assets minus all liabilities

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company number

05697755

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

February 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

41-42 warstone lane, hockley, birmingham, B18 6JJ

last accounts submitted

May 2023

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 diamond dealer direct limited.

diamond dealer direct limited Company Information

diamond dealer direct limited Estimated Valuation

diamond dealer direct limited Estimated Valuation

diamond dealer direct limited Estimated Valuation

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