Direct Sourcing Solutions Limited

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direct sourcing solutions limited Company Information

Live

EstablishedSmallDeclining

Company Number

05957579

Website

www.direct-sourcing-solutions.com

Registered Address

units 2-4, beansheaf industrial park, tofts, malton, north yorkshire, YO17 6BG

Industry

Wholesale trade of motor vehicle parts and accessories

Telephone

01653668179

Next Accounts Due

July 2024

Group Structure

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Directors

Henry Richardson17 Years

David Weir2 Years

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Shareholders

henry clive richardson 65%

amanda jane weir 20%

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direct sourcing solutions limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of DIRECT SOURCING SOLUTIONS LIMITED at £2m based on Net Assets of £770.9k and 2.54x industry multiple (adjusted for liquidity).

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Direct Sourcing Solutions Limited is a live company located in malton, YO17 6BG with a Companies House number of 05957579. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in October 2006, it's largest shareholder is henry clive richardson with a 65% stake. Direct Sourcing Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Direct Sourcing Solutions Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

4 Regular

8 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.4%)

EXPORT

Direct Sourcing Solutions Limited's latest turnover from October 2022 is estimated at £3.7 million and the company has net assets of £770.9 thousand. According to their latest financial statements, Direct Sourcing Solutions Limited has 15 employees and maintains cash reserves of £148.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	3,713,844	3,774,790	3,785,529	3,864,697	3,812,206	3,620,144	3,298,318	3,859,322	3,669,687	3,441,941	2,967,928	2,447,384	1,984,333	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,673,328	2,761,083	2,741,141	2,820,843	2,739,514	2,585,149	2,309,497	2,750,876	2,653,038	2,478,305	2,129,792	1,761,723	1,427,007	0
Gross Profit	1,040,516	1,013,707	1,044,388	1,043,854	1,072,692	1,034,995	988,821	1,108,446	1,016,649	963,636	838,136	685,661	557,327	0
Admin Expenses	1,170,983	1,799,383	956,181	875,519	932,459	997,347	914,529	896,626	625,243	600,132	615,452	373,206	491,991	-88,067
Operating Profit	-130,467	-785,676	88,207	168,335	140,233	37,648	74,292	211,820	391,406	363,504	222,684	312,455	65,336	88,067
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,177	137	153	740	830	343	279	547	912	634	175	118	88	0
Pre-Tax Profit	-128,291	-785,539	88,360	169,075	141,063	37,991	74,571	212,366	392,318	364,139	222,859	312,573	65,424	88,067
Tax	0	0	-16,788	-32,124	-26,802	-7,218	-14,914	-42,473	-82,387	-83,752	-53,486	-81,269	-18,319	-24,659
Profit After Tax	-128,291	-785,539	71,572	136,951	114,261	30,773	59,657	169,893	309,931	280,387	169,373	231,304	47,105	63,408
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-128,291	-785,539	71,572	136,951	114,261	30,773	59,657	169,893	309,931	280,387	169,373	231,304	47,105	63,408
Employee Costs	492,282	492,016	546,870	526,754	545,485	537,548	493,019	508,508	436,811	415,712	372,368	320,955	266,278	0
Number Of Employees	15	15	17	17	18	18	17	18	16	15	14	12	10	0
EBITDA*	-85,327	-746,475	118,454	200,984	186,262	79,042	104,484	229,588	406,727	375,301	230,376	317,805	67,972	90,571

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	98,300	110,093	127,907	150,835	179,444	160,871	120,480	70,868	63,048	56,384	36,797	26,279	13,628	13,108
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	98,300	110,093	127,907	150,835	179,444	160,871	120,480	70,868	63,048	56,384	36,797	26,279	13,628	13,108
Stock & work in progress	1,341,349	1,320,618	1,216,248	1,375,016	1,225,567	1,177,144	1,111,921	1,147,699	1,078,584	791,899	704,454	594,293	394,173	291,304
Trade Debtors	751,662	854,690	869,397	813,901	859,497	782,413	688,332	618,505	545,101	531,860	426,621	336,873	237,148	171,890
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	18,106	19,069	18,186	17,905	16,729	14,122	15,371	0	0	0	0	0	0	0
Cash	148,320	45,147	229,589	76,751	120,642	100,766	173,590	49,627	169,011	195,869	57,919	12,271	35,025	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,259,437	2,239,524	2,333,420	2,283,573	2,222,435	2,074,445	1,989,214	1,815,831	1,792,696	1,519,628	1,188,994	943,437	666,346	463,194
total assets	2,357,737	2,349,617	2,461,327	2,434,408	2,401,879	2,235,316	2,109,694	1,886,699	1,855,744	1,576,012	1,225,791	969,716	679,974	476,302
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	325,110	281,612	214,393	206,256	243,749	298,297	262,115	600,918	740,884	772,251	707,031	620,751	569,361	226,710
Group/Directors Accounts	1,161,637	1,014,635	341,446	477,290	521,898	430,678	387,201	0	0	0	0	0	0	186,084
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	81,428	126,508	196,471	109,060	125,946	113,845	105,124	0	0	0	0	0	0	0
total current liabilities	1,568,175	1,422,755	752,310	792,606	891,593	842,820	754,440	600,918	740,884	772,251	707,031	620,751	569,361	412,794
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	18,677	27,686	24,302	28,659	34,094	30,565	24,096	14,280	13,252	12,084	7,470	7,048	0	0
total long term liabilities	18,677	27,686	24,302	28,659	34,094	30,565	24,096	14,280	13,252	12,084	7,470	7,048	0	0
total liabilities	1,586,852	1,450,441	776,612	821,265	925,687	873,385	778,536	615,198	754,136	784,335	714,501	627,799	569,361	412,794
net assets	770,885	899,176	1,684,715	1,613,143	1,476,192	1,361,931	1,331,158	1,271,501	1,101,608	791,677	511,290	341,917	110,613	63,508
total shareholders funds	770,885	899,176	1,684,715	1,613,143	1,476,192	1,361,931	1,331,158	1,271,501	1,101,608	791,677	511,290	341,917	110,613	63,508

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-130,467	-785,676	88,207	168,335	140,233	37,648	74,292	211,820	391,406	363,504	222,684	312,455	65,336	88,067
Depreciation	45,140	39,201	30,247	32,649	46,029	41,394	30,192	17,768	15,321	11,797	7,692	5,350	2,636	2,504
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-16,788	-32,124	-26,802	-7,218	-14,914	-42,473	-82,387	-83,752	-53,486	-81,269	-18,319	-24,659
Stock	20,731	104,370	-158,768	149,449	48,423	65,223	-35,778	69,115	286,685	87,445	110,161	200,120	102,869	291,304
Debtors	-103,991	-13,824	55,777	-44,420	79,691	92,832	85,198	73,404	13,241	105,239	89,748	99,725	65,258	171,890
Creditors	43,498	67,219	8,137	-37,493	-54,548	36,182	-338,803	-139,966	-31,367	65,220	86,280	51,390	342,651	226,710
Accruals and Deferred Income	-45,080	-69,963	87,411	-16,886	12,101	8,721	105,124	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-9,009	3,384	-4,357	-5,435	3,529	6,469	9,816	1,028	1,168	4,614	422	7,048	0	0
Cash flow from operations	-12,658	-836,381	295,848	4,017	-7,572	-34,859	-183,713	-94,342	-5,785	168,699	63,683	-4,871	224,177	-170,572
Investing Activities
capital expenditure	-33,347	-21,387	-7,319	-4,040	-64,602	-81,785	-79,804	-25,588	-21,985	-31,384	-18,210	-18,001	-3,156	-15,612
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-33,347	-21,387	-7,319	-4,040	-64,602	-81,785	-79,804	-25,588	-21,985	-31,384	-18,210	-18,001	-3,156	-15,612
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	147,002	673,189	-135,844	-44,608	91,220	43,477	387,201	0	0	0	0	0	-186,084	186,084
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	2,177	137	153	740	830	343	279	547	912	634	175	118	88	0
cash flow from financing	149,179	673,326	-135,691	-43,868	92,050	43,820	387,480	547	912	634	175	118	-185,996	186,184
cash and cash equivalents
cash	103,173	-184,442	152,838	-43,891	19,876	-72,824	123,963	-119,384	-26,858	137,950	45,648	-22,754	35,025	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	103,173	-184,442	152,838	-43,891	19,876	-72,824	123,963	-119,384	-26,858	137,950	45,648	-22,754	35,025	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIRECT SOURCING SOLUTIONS LIMITED group structure

Direct Sourcing Solutions Limited has no subsidiary companies.

Ultimate parent company

DIRECT SOURCING SOLUTIONS LIMITED

05957579

DIRECT SOURCING SOLUTIONS LIMITED Shareholders

henry clive richardson	65%
amanda jane weir	20%
joanna rachel miller	10%
stuart culley	5%

Direct Sourcing Solutions Limited currently has 3 directors. The longest serving directors include Mr Henry Richardson (Oct 2006) and Mr David Weir (Feb 2022).

officer	country	age	start	end	role
Mr Henry Richardson	England	62 years	Oct 2006	-	Director
Mr David Weir	England	35 years	Feb 2022	-	Director
Mr Stuart Culley	England	56 years	Feb 2022	-	Director

P&L

October 2022

turnover

3.7m

-2%

operating profit

-130.5k

gross margin

28.1%

+4.33%

turnover

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

Balance Sheet

October 2022

net assets

770.9k

-0.14%

total assets

2.4m

cash

148.3k

+2.29%

net assets

Total assets minus all liabilities

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company number

05957579

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

October 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

units 2-4, beansheaf industrial park, tofts, malton, north yorkshire, YO17 6BG

last accounts submitted

October 2022

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 1 charges/mortgages relating to direct sourcing solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.

direct sourcing solutions limited Company Information

direct sourcing solutions limited Estimated Valuation

direct sourcing solutions limited Estimated Valuation

direct sourcing solutions limited Estimated Valuation

Direct Sourcing Solutions Limited Overview

Direct Sourcing Solutions Limited Health Check

DIRECT SOURCING SOLUTIONS LIMITED financials

direct sourcing solutions limited Credit Report and Business Information

Direct Sourcing Solutions Limited Competitor Analysis

direct sourcing solutions limited Ownership

direct sourcing solutions limited directors

direct sourcing solutions limited company details

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