Devon & Cornwall Surfacing Ltd

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devon & cornwall surfacing ltd Company Information

Live

EstablishedSmallHealthy

Company Number

05810591

Website

www.devonandcornwallsurfacingltd.co.uk

Registered Address

69 high street, bideford, devon, EX39 2AT

Industry

Other business support service activities n.e.c.

Telephone

01237420660

Next Accounts Due

January 2025

Group Structure

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Directors

Brian Vincent18 Years

Teresa Vincent1 Years

Shareholders

brian patrick vincent 100%

devon & cornwall surfacing ltd Estimated Valuation

£378.7k

Pomanda estimates the enterprise value of DEVON & CORNWALL SURFACING LTD at £378.7k based on an EBITDA of £120.6k and a 3.14x industry multiple (adjusted for size and gross margin).

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Devon & Cornwall Surfacing Ltd is a live company located in devon, EX39 2AT with a Companies House number of 05810591. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2006, it's largest shareholder is brian patrick vincent with a 100% stake. Devon & Cornwall Surfacing Ltd is a established, small sized company, Pomanda has estimated its turnover at £806.6k with healthy growth in recent years.

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Pomanda's financial health check has awarded Devon & Cornwall Surfacing 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

1 Regular

6 Weak

Size

annual sales of £806.6k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.4%)

EXPORT

Devon & Cornwall Surfacing Ltd's latest turnover from April 2023 is estimated at £806.6 thousand and the company has net assets of £124.5 thousand. According to their latest financial statements, Devon & Cornwall Surfacing Ltd has 9 employees and maintains cash reserves of £194.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	806,641	612,937	762,283	665,948	1,073,469	934,890	676,781	869,868	1,026,844	1,183,754	685,381	534,671	724,568	751,889
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	665,350	509,938	645,817	552,721	893,258	779,378	557,651	718,113	857,407	989,087	570,175	439,798	590,809	603,499
Gross Profit	141,292	102,999	116,466	113,227	180,212	155,512	119,130	151,755	169,438	194,667	115,206	94,873	133,758	148,390
Admin Expenses	44,829	94,962	107,645	126,741	198,530	154,807	129,686	98,349	131,952	197,533	107,300	135,151	127,820	97,569
Operating Profit	96,463	8,037	8,821	-13,514	-18,318	705	-10,556	53,406	37,486	-2,866	7,906	-40,278	5,938	50,821
Interest Payable	0	30	27	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,297	29	0	18	215	54	19	101	62	0	0	0	0	0
Pre-Tax Profit	100,760	8,036	8,794	-13,496	-18,103	759	-10,537	53,506	37,549	-2,866	7,906	-40,278	5,938	50,821
Tax	-25,190	-1,527	-1,671	0	0	-144	0	-10,701	-7,510	0	-1,818	0	-1,544	-14,230
Profit After Tax	75,570	6,509	7,123	-13,496	-18,103	615	-10,537	42,805	30,039	-2,866	6,088	-40,278	4,394	36,591
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	75,570	6,509	7,123	-13,496	-18,103	615	-10,537	42,805	30,039	-2,866	6,088	-40,278	4,394	36,591
Employee Costs	429,455	403,266	256,191	380,145	247,208	273,907	383,188	383,848	152,390	152,844	111,176	74,254	109,007	107,105
Number Of Employees	9	9	6	9	6	7	10	10	4	4	3	2	3	3
EBITDA*	120,594	48,517	48,842	35,682	35,129	56,510	27,659	72,201	37,695	5,496	29,704	-12,768	24,906	67,140

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	232,204	103,371	76,342	122,262	156,439	173,224	203,075	114,141	627	836	73,242	89,487	84,275	60,151
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	232,204	103,371	76,342	122,262	156,439	173,224	203,075	114,141	627	836	73,242	89,487	84,275	60,151
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	188,740	179,979	258,258	175,324	352,752	320,502	184,908	259,276	256,012	287,990	145,943	111,372	179,278	198,717
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	194,614	7,619	0	0	35,789	21,527	0	15,252	24,957	0	2	2	2	2
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	383,354	187,598	258,258	175,324	388,541	342,029	184,908	274,528	280,969	287,990	145,945	111,374	179,280	198,719
total assets	615,558	290,969	334,600	297,586	544,980	515,253	387,983	388,669	281,596	288,826	219,187	200,861	263,555	258,870
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	304,487	152,433	224,981	188,254	382,762	295,464	198,576	210,152	247,626	284,895	200,372	182,491	204,835	200,474
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	304,487	152,433	224,981	188,254	382,762	295,464	198,576	210,152	247,626	284,895	200,372	182,491	204,835	200,474
loans	0	0	885	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	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	135,234	63,918	53,341	51,264	84,755	124,668	99,737	79,511	0	0	722	5,055	6,933	13,458
provisions	51,381	25,732	13,016	22,814	28,713	28,268	23,432	22,231	0	0	11,296	12,606	10,800	8,345
total long term liabilities	186,615	89,650	67,242	74,078	113,468	152,936	123,169	101,742	0	0	12,018	17,661	17,733	21,803
total liabilities	491,102	242,083	292,223	262,332	496,230	448,400	321,745	311,894	247,626	284,895	212,390	200,152	222,568	222,277
net assets	124,456	48,886	42,377	35,254	48,750	66,853	66,238	76,775	33,970	3,931	6,797	709	40,987	36,593
total shareholders funds	124,456	48,886	42,377	35,254	48,750	66,853	66,238	76,775	33,970	3,931	6,797	709	40,987	36,593

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	96,463	8,037	8,821	-13,514	-18,318	705	-10,556	53,406	37,486	-2,866	7,906	-40,278	5,938	50,821
Depreciation	24,131	40,480	40,021	49,196	53,447	55,805	38,215	18,795	209	8,362	21,798	27,510	18,968	16,319
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-25,190	-1,527	-1,671	0	0	-144	0	-10,701	-7,510	0	-1,818	0	-1,544	-14,230
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	8,761	-78,279	82,934	-177,428	32,250	135,594	-74,368	3,264	-31,978	142,047	34,571	-67,906	-19,439	198,717
Creditors	152,054	-72,548	36,727	-194,508	87,298	96,888	-11,576	-37,474	-37,269	84,523	17,881	-22,344	4,361	200,474
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	25,649	12,716	-9,798	-5,899	445	4,836	1,201	22,231	0	-11,296	-1,310	1,806	2,455	8,345
Cash flow from operations	264,346	65,437	-8,834	12,703	90,622	22,496	91,652	42,993	24,894	-63,324	9,886	34,600	49,617	63,012
Investing Activities
capital expenditure	-152,964	-67,509	5,899	-15,019	-36,662	-25,954	-127,149	-132,309	0	64,044	-5,553	-32,722	-43,092	-76,470
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-152,964	-67,509	5,899	-15,019	-36,662	-25,954	-127,149	-132,309	0	64,044	-5,553	-32,722	-43,092	-76,470
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-885	885	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	0	0	0
other long term liabilities	71,316	10,577	2,077	-33,491	-39,913	24,931	20,226	79,511	0	-722	-4,333	-1,878	-6,525	13,458
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	4,297	-1	-27	18	215	54	19	101	62	0	0	0	0	0
cash flow from financing	75,613	9,691	2,935	-33,473	-39,698	24,985	20,245	79,612	62	-722	-4,333	-1,878	-6,525	13,460
cash and cash equivalents
cash	186,995	7,619	0	-35,789	14,262	21,527	-15,252	-9,705	24,957	-2	0	0	0	2
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	186,995	7,619	0	-35,789	14,262	21,527	-15,252	-9,705	24,957	-2	0	0	0	2

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DEVON & CORNWALL SURFACING LTD group structure

Devon & Cornwall Surfacing Ltd has no subsidiary companies.

Ultimate parent company

DEVON & CORNWALL SURFACING LTD

05810591

DEVON & CORNWALL SURFACING LTD Shareholders

brian patrick vincent

100%

Devon & Cornwall Surfacing Ltd currently has 2 directors. The longest serving directors include Mr Brian Vincent (May 2006) and Ms Teresa Vincent (Aug 2022).

officer	country	age	start	end	role
Mr Brian Vincent	England	73 years	May 2006	-	Director
Ms Teresa Vincent	England	73 years	Aug 2022	-	Director

P&L

April 2023

turnover

806.6k

+32%

operating profit

96.5k

gross margin

17.6%

+4.24%

turnover

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

Balance Sheet

April 2023

net assets

124.5k

+1.55%

total assets

615.6k

+1.12%

cash

194.6k

+24.54%

net assets

Total assets minus all liabilities

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company number

05810591

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2006

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

69 high street, bideford, devon, EX39 2AT

last accounts submitted

April 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 found 2 charges/mortgages relating to devon & cornwall surfacing ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

devon & cornwall surfacing ltd Company Information

devon & cornwall surfacing ltd Estimated Valuation

devon & cornwall surfacing ltd Estimated Valuation

devon & cornwall surfacing ltd Estimated Valuation

Devon & Cornwall Surfacing Ltd Overview

Devon & Cornwall Surfacing Ltd Health Check

DEVON & CORNWALL SURFACING LTD financials

devon & cornwall surfacing ltd Credit Report and Business Information

Devon & Cornwall Surfacing Ltd Competitor Analysis

devon & cornwall surfacing ltd Ownership

devon & cornwall surfacing ltd directors

devon & cornwall surfacing ltd company details

devon & cornwall surfacing ltd Charges & Mortgages

devon & cornwall surfacing ltd Companies House Filings - See Documents