dare wheels limited
dare wheels limited Company Information
Company Number
05942837
Website
-Registered Address
4 cedar park, cobham road, ferndown industrial estate, wimborne, BH21 7SF
Industry
Other personal service activities n.e.c.
Telephone
-
Next Accounts Due
4277 days late
Group Structure
View All
Directors
Jonathan Lloyd17 Years
Shareholders
river wheels ltd 100%
dare wheels limited Estimated Valuation
Pomanda estimates the enterprise value of DARE WHEELS LIMITED at £1.1m based on a Turnover of £1.7m and 0.65x industry multiple (adjusted for size and gross margin).
dare wheels limited Estimated Valuation
Pomanda estimates the enterprise value of DARE WHEELS LIMITED at £0 based on an EBITDA of £-209.8k and a 4.76x industry multiple (adjusted for size and gross margin).
dare wheels limited Estimated Valuation
Pomanda estimates the enterprise value of DARE WHEELS LIMITED at £437.6k based on Net Assets of £146.5k and 2.99x industry multiple (adjusted for liquidity).
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Dare Wheels Limited Overview
Dare Wheels Limited is a live company located in wimborne, BH21 7SF with a Companies House number of 05942837. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in September 2006, it's largest shareholder is river wheels ltd with a 100% stake. Dare Wheels Limited is a established, small sized company, Pomanda has estimated its turnover at £1.7m with unknown growth in recent years.
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Dare Wheels Limited Health Check
Pomanda's financial health check has awarded Dare Wheels Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £1.7m, make it larger than the average company (£578.7k)
- Dare Wheels Limited
£578.7k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Dare Wheels Limited
- - Industry AVG
Production
with a gross margin of 23.4%, this company has a higher cost of product (44.6%)
- Dare Wheels Limited
44.6% - Industry AVG
Profitability
an operating margin of -12.9% make it less profitable than the average company (6.6%)
- Dare Wheels Limited
6.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (19)
- Dare Wheels Limited
19 - Industry AVG
Pay Structure
on an average salary of £26.3k, the company has an equivalent pay structure (£26.3k)
- Dare Wheels Limited
£26.3k - Industry AVG
Efficiency
resulting in sales per employee of £171.2k, this is more efficient (£85.6k)
- Dare Wheels Limited
£85.6k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (33 days)
- Dare Wheels Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 218 days, this is slower than average (45 days)
- Dare Wheels Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 111 days, this is more than average (40 days)
- Dare Wheels Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is less cash available to meet short term requirements (37 weeks)
18 weeks - Dare Wheels Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.6%, this is a higher level of debt than the average (57.2%)
86.6% - Dare Wheels Limited
57.2% - Industry AVG
DARE WHEELS LIMITED financials
Dare Wheels Limited's latest turnover from December 2010 is estimated at £1.7 million and the company has net assets of £146.5 thousand. According to their latest financial statements, we estimate that Dare Wheels Limited has 10 employees and maintains cash reserves of £340.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Turnover | ||
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | ||
| Interest Receivable | ||
| Pre-Tax Profit | ||
| Tax | ||
| Profit After Tax | ||
| Dividends Paid | ||
| Retained Profit | ||
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Tangible Assets | 37,316 | 24,005 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 37,316 | 24,005 |
| Stock & work in progress | 400,000 | 200,000 |
| Trade Debtors | 312,719 | 346,947 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 340,659 | 499,598 |
| misc current assets | 0 | 0 |
| total current assets | 1,053,378 | 1,046,545 |
| total assets | 1,090,694 | 1,070,550 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 785,622 | 537,220 |
| Group/Directors Accounts | 155,133 | 163,804 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 940,755 | 701,024 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 3,478 | 3,959 |
| total long term liabilities | 3,478 | 3,959 |
| total liabilities | 944,233 | 704,983 |
| net assets | 146,461 | 365,567 |
| total shareholders funds | 146,461 | 365,567 |
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 11,369 | 7,948 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 200,000 | 200,000 |
| Debtors | -34,228 | 346,947 |
| Creditors | 248,402 | 537,220 |
| Accruals and Deferred Income | 0 | 0 |
| Deferred Taxes & Provisions | -481 | 3,959 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | -8,671 | 163,804 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | -158,939 | 499,598 |
| overdraft | 0 | 0 |
| change in cash | -158,939 | 499,598 |
dare wheels limited Credit Report and Business Information
Dare Wheels Limited Competitor Analysis
Perform a competitor analysis for dare wheels limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
dare wheels limited Ownership
DARE WHEELS LIMITED group structure
Dare Wheels Limited has no subsidiary companies.
Ultimate parent company
DARE WHEELS LIMITED
05942837
dare wheels limited directors
Dare Wheels Limited currently has 1 director, Mr Jonathan Lloyd serving since Sep 2006.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Lloyd | England | 61 years | Sep 2006 | - | Director |
P&L
December 2010turnover
1.7m
0%
operating profit
-221.2k
0%
gross margin
23.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2010net assets
146.5k
-0.6%
total assets
1.1m
+0.02%
cash
340.7k
-0.32%
net assets
Total assets minus all liabilities
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dare wheels limited company details
company number
05942837
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
September 2006
age
18
accounts
Total Exemption Small
ultimate parent company
previous names
N/A
incorporated
UK
address
4 cedar park, cobham road, ferndown industrial estate, wimborne, BH21 7SF
last accounts submitted
December 2010
dare wheels 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 dare wheels limited.
dare wheels limited Companies House Filings - See Documents
| date | description | view/download |
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