devraj limited

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devraj limited Company Information

Share DEVRAJ LIMITED

Company Number

05962688

Shareholders

d & v enterprises limited

rajendra ambalal patel

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Group Structure

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Industry

Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

 

Registered Address

103 dalston lane, london, E8 1NH

devraj limited Estimated Valuation

£356.4k

Pomanda estimates the enterprise value of DEVRAJ LIMITED at £356.4k based on a Turnover of £964.9k and 0.37x industry multiple (adjusted for size and gross margin).

devraj limited Estimated Valuation

£0

Pomanda estimates the enterprise value of DEVRAJ LIMITED at £0 based on an EBITDA of £-71.3k and a 3.82x industry multiple (adjusted for size and gross margin).

devraj limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of DEVRAJ LIMITED at £2.7m based on Net Assets of £1.2m and 2.14x industry multiple (adjusted for liquidity).

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Devraj Limited Overview

Devraj Limited is a live company located in london, E8 1NH with a Companies House number of 05962688. It operates in the retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) n.e.c. sector, SIC Code 47749. Founded in October 2006, it's largest shareholder is d & v enterprises limited with a 50% stake. Devraj Limited is a established, small sized company, Pomanda has estimated its turnover at £964.9k with declining growth in recent years.

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Devraj Limited Health Check

Pomanda's financial health check has awarded Devraj Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £964.9k, make it smaller than the average company (£12.7m)

£964.9k - Devraj Limited

£12.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (7.1%)

-10% - Devraj Limited

7.1% - Industry AVG

production

Production

with a gross margin of 27.1%, this company has a higher cost of product (39.5%)

27.1% - Devraj Limited

39.5% - Industry AVG

profitability

Profitability

an operating margin of -7.4% make it less profitable than the average company (5.4%)

-7.4% - Devraj Limited

5.4% - Industry AVG

employees

Employees

with 11 employees, this is below the industry average (40)

11 - Devraj Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £59.9k, the company has an equivalent pay structure (£59.9k)

£59.9k - Devraj Limited

£59.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £87.7k, this is less efficient (£297.3k)

£87.7k - Devraj Limited

£297.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 62 days, this is later than average (51 days)

62 days - Devraj Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 157 days, this is slower than average (29 days)

157 days - Devraj Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 31 days, this is less than average (61 days)

31 days - Devraj Limited

61 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (17 weeks)

52 weeks - Devraj Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 25%, this is a lower level of debt than the average (46%)

25% - Devraj Limited

46% - Industry AVG

DEVRAJ LIMITED financials

EXPORTms excel logo

Devraj Limited's latest turnover from November 2023 is estimated at £964.9 thousand and the company has net assets of £1.2 million. According to their latest financial statements, Devraj Limited has 11 employees and maintains cash reserves of £308.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover964,9471,019,4071,337,1441,315,309827,290843,818609,854675,5511,023,5861,019,849731,447803,112776,199937,789
Other Income Or Grants
Cost Of Sales703,236760,5721,046,7541,014,097638,175646,132456,066486,957724,022731,605530,329601,251576,552677,145
Gross Profit261,711258,835290,390301,212189,115197,687153,788188,594299,565288,244201,119201,861199,647260,644
Admin Expenses333,356210,702309,882292,658246,263199,265-30,64247,974412,85465,54641,671-25,93632,394-47,788-482,810
Operating Profit-71,64548,133-19,4928,554-57,148-1,578184,430140,620-113,289222,698159,448227,797167,253308,432482,810
Interest Payable8743,3787,0764,486
Interest Receivable17,19911,1553342591,8722,1261,7181,0481,7982,0952,8592,2602,1492,209921
Pre-Tax Profit-54,44659,288-19,1588,812-56,150-2,831179,072137,183-111,491224,792162,308230,057169,403310,640483,731
Tax-11,265-1,674-34,024-27,436-47,206-37,331-55,214-44,045-86,979-135,445
Profit After Tax-54,44648,023-19,1587,138-56,150-2,831145,048109,746-111,491177,586124,977174,843125,358223,661348,286
Dividends Paid
Retained Profit-54,44648,023-19,1587,138-56,150-2,831145,048109,746-111,491177,586124,977174,843125,358223,661348,286
Employee Costs658,996583,087774,073751,548431,071391,623355,282337,928151,900128,18385,572128,156123,155120,883
Number Of Employees111113138777432333
EBITDA*-71,33248,486-19,0999,017-56,604-937185,184140,620-112,456222,698160,570229,097168,730328,669503,139

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets727,790728,103728,331728,724729,188729,732730,373730,196730,821312,836313,789314,803315,803317,280317,799
Intangible Assets294,458294,458294,458294,458294,458294,458294,458294,458294,458294,458294,458294,458294,458294,458312,958
Investments & Other100,000100,00055,63659,63679,63679,63679,63678,03398,133514,43698,13398,13398,13365,00065,000
Debtors (Due After 1 year)
Total Fixed Assets1,122,2481,122,5611,078,4251,082,8181,103,2821,103,8261,104,4671,102,6871,123,4121,121,730706,380707,394708,394676,738695,757
Stock & work in progress60,00060,00050,27466,95567,75856,37655,23554,98068,82852,82840,02247,76149,01952,62053,101
Trade Debtors164,740166,532121,640214,186150,800195,792151,953143,195254,769275,199161,924232,999254,217214,313206,571
Group Debtors
Misc Debtors76,155155,80080,001
Cash308,673346,542397,123271,077246,570252,680314,139372,862465,731253,471584,433559,309344,663515,095368,321
misc current assets
total current assets533,413573,074569,037552,218465,128504,848677,127651,038789,328581,498786,379840,069647,899782,028627,993
total assets1,655,6611,695,6351,647,4621,635,0361,568,4101,608,6741,781,5941,753,7251,912,7401,703,2281,492,7591,547,4631,356,2931,458,7661,323,750
Bank overdraft
Bank loan
Trade Creditors 304,406328,701328,551296,967237,479235,593114,777119,159381,146285,143252,260231,941215,614411,445225,485
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities153,175248,605237,726
total current liabilities304,406328,701328,551296,967237,479235,593363,382356,885381,146285,143252,260231,941215,614411,445225,485
loans25,89874,198143,536
hp & lease commitments
Accruals and Deferred Income
other liabilities109,66570,89870,89870,89870,89825,00025,00079,338467,374242,374242,374442,374442,374474,374748,979
provisions
total long term liabilities109,66570,89870,89870,89870,89856,89899,198222,874467,374242,374242,374442,374442,374474,374748,979
total liabilities414,071399,599399,449367,865308,377292,491462,580579,759848,520527,517494,634674,315657,988885,819974,464
net assets1,241,5901,296,0361,248,0131,267,1711,260,0331,316,1831,319,0141,173,9661,064,2201,175,711998,125873,148698,305572,947349,286
total shareholders funds1,241,5901,296,0361,248,0131,267,1711,260,0331,316,1831,319,0141,173,9661,064,2201,175,711998,125873,148698,305572,947349,286
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit-71,64548,133-19,4928,554-57,148-1,578184,430140,620-113,289222,698159,448227,797167,253308,432482,810
Depreciation3133533934635446417548331,1221,3001,4771,7371,829
Amortisation18,50018,500
Tax-11,265-1,674-34,024-27,436-47,206-37,331-55,214-44,045-86,979-135,445
Stock9,726-16,681-80311,3821,141255-13,84816,00012,806-7,739-1,258-3,601-48153,101
Debtors-1,79244,892-92,54663,386-38,319-118,63484,557-31,573-20,430113,275-71,075-21,21839,9047,742206,571
Creditors-24,29515031,58459,4881,886120,816-4,382-261,98796,00332,88320,31916,327-195,831185,960225,485
Accruals and Deferred Income-153,175-95,43010,879237,726
Deferred Taxes & Provisions
Cash flow from operations-93,835-17,247121,7124,248-180,956141,94272,845134,344-12,02382,294222,372212,686-107,449420,389333,507
Investing Activities
capital expenditure-1251-931625-418,818953-108-300-1,218-651,086
Change in Investments44,364-4,000-20,0001,603-20,100-416,303416,30333,13365,000
cash flow from investments-44,4894,00020,001-2,53420,725-2,515-415,350-108-300-33,133-1,218-716,086
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-25,898-48,300-69,338143,536
Hire Purchase and Lease Commitments
other long term liabilities38,76745,898-54,338-388,036225,000-200,000-32,000-274,605748,979
share issue1,000
interest17,19911,155334259998-1,252-5,358-3,4381,7982,0952,8592,2602,1492,209921
cash flow from financing55,96611,15533425920,998-49,552-129,034-247,938226,7982,095-197,1412,260-29,851-272,396750,900
cash and cash equivalents
cash-37,869-50,581126,04624,507-6,110-61,459-58,723-92,869212,260-330,96225,124214,646-170,432146,774368,321
overdraft
change in cash-37,869-50,581126,04624,507-6,110-61,459-58,723-92,869212,260-330,96225,124214,646-170,432146,774368,321

devraj limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Devraj Limited Competitor Analysis

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Perform a competitor analysis for devraj limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in E 8 area or any other competitors across 12 key performance metrics.

devraj limited Ownership

DEVRAJ LIMITED group structure

Devraj Limited has no subsidiary companies.

Ultimate parent company

DEVRAJ LIMITED

05962688

DEVRAJ LIMITED Shareholders

d & v enterprises limited 50%
rajendra ambalal patel 20%
abbeylace ltd 20%
reena patel 10%

devraj limited directors

Devraj Limited currently has 2 directors. The longest serving directors include Mr Rajendra Patel (Oct 2006) and Mr Dinkar Mehta (Oct 2006).

officercountryagestartendrole
Mr Rajendra PatelEngland72 years Oct 2006- Director
Mr Dinkar Mehta79 years Oct 2006- Director

P&L

November 2023

turnover

964.9k

-5%

operating profit

-71.6k

0%

gross margin

27.2%

+6.82%

turnover

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

Balance Sheet

November 2023

net assets

1.2m

-0.04%

total assets

1.7m

-0.02%

cash

308.7k

-0.11%

net assets

Total assets minus all liabilities

devraj limited company details

company number

05962688

Type

Private limited with Share Capital

industry

47749 - Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

incorporation date

October 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

November 2023

previous names

N/A

accountant

DOSHI & CO ACCOUNTANTS

auditor

-

address

103 dalston lane, london, E8 1NH

Bank

-

Legal Advisor

-

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

devraj limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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devraj limited Companies House Filings - See Documents

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