Drake & Morgan Limited

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drake & morgan limited Company Information

Live

EstablishedLargeRapid

Company Number

06381653

Next Accounts

Dec 2025

Industry

Public houses and bars

Directors

Jillian MacLean

Lloyd Campbell

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Shareholders

d&m 2 ltd

Group Structure

View All

Contact

Registered Address

first floor the sipping room wes, 16 hertsmere road, london, england, E14 4AX

Website

www.drakeandmorgan.co.uk

drake & morgan limited Estimated Valuation

£54.8m

Pomanda estimates the enterprise value of DRAKE & MORGAN LIMITED at £54.8m based on a Turnover of £45.5m and 1.2x industry multiple (adjusted for size and gross margin).

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Drake & Morgan Limited is a live company located in london, E14 4AX with a Companies House number of 06381653. It operates in the public houses and bars sector, SIC Code 56302. Founded in September 2007, it's largest shareholder is d&m 2 ltd with a 100% stake. Drake & Morgan Limited is a established, large sized company, Pomanda has estimated its turnover at £45.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Drake & Morgan Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £45.5m, make it larger than the average company (£532.4k)

Growth

3 year (CAGR) sales growth of 106%, show it is growing at a faster rate (18.7%)

EXPORT

Drake & Morgan Limited's latest turnover from March 2024 is £45.5 million and the company has net assets of £11.2 million. According to their latest financial statements, Drake & Morgan Limited has 533 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Jun 2013	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	45,499,360	43,298,459	35,923,714	5,200,330	50,188,007	55,971,241	49,699,641	34,518,834	28,830,735	24,608,389	16,272,215	4,119,291	17,634,580	16,400,298	11,362,509	3,364,855
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	23,687,155	22,444,969	18,861,958	11,874,197	27,150,683	28,204,860	25,845,710	17,737,699	14,928,098	13,273,960	8,793,829	2,286,895	9,370,664	8,886,974	5,934,884	1,781,589
Gross Profit	21,812,205	20,853,490	17,061,756	-6,673,867	23,037,324	27,766,381	23,853,931	16,781,135	13,902,637	11,334,429	7,478,386	1,832,396	8,263,916	7,513,324	5,427,625	1,583,266
Admin Expenses	18,953,812	18,923,731	11,244,959	5,643,321	25,147,494	25,526,303	22,587,907	15,575,432	12,013,727	9,694,887	6,517,814	2,656,192	8,084,420	6,115,054	4,380,612	1,369,202
Operating Profit	2,858,393	1,929,759	5,816,797	-12,317,188	-2,110,170	2,240,078	1,266,024	1,205,703	1,888,910	1,639,542	960,572	-823,796	179,496	1,398,270	1,047,013	214,064
Interest Payable	532,131	519,425	509,485	444,477	374,753	365,919	347,210	277,367	221,396	137,237	468	8,218	94,368	143,843	90,529	27,214
Interest Receivable	768,276	594,716	515,979	444,095	406,872	335,196	202,873	168,434	126,768	68,873	4,913	5,844	22,644	18,516	3,997	178
Pre-Tax Profit	3,094,538	2,005,050	5,823,291	-12,317,570	-2,078,051	2,209,355	1,123,687	1,096,770	1,794,282	1,571,178	965,017	-826,170	1,438,380	1,272,943	960,481	187,028
Tax	0	43,023	123,646	193,167	567,145	-168,061	-237,039	-39,950	-112,616	-144,353	5,627	579,573	-354,410	-363,629	-182,554	0
Profit After Tax	3,094,538	2,048,073	5,946,937	-12,124,403	-1,510,906	2,041,294	886,648	1,056,820	1,681,666	1,426,825	970,644	-246,597	1,083,970	909,314	777,927	187,028
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,094,538	2,048,073	5,946,937	-12,124,403	-1,510,906	2,041,294	886,648	1,056,820	1,681,666	1,426,825	970,644	-246,597	1,083,970	909,314	777,927	187,028
Employee Costs	14,079,378	13,295,889	11,179,943	10,627,110	16,035,239	17,653,738	16,529,629	10,770,707	9,351,231	7,455,312	4,929,472	1,368,639	5,269,816	4,939,441	3,235,844	902,565
Number Of Employees	533	599	513	478	715	778	752	488	415	379	346	283	270	267	194	69
EBITDA*	4,647,307	3,821,840	7,752,934	-9,015,909	2,193,545	5,074,767	3,835,602	2,563,972	3,179,387	2,822,532	1,973,651	-639,009	882,180	2,071,511	1,432,995	348,866

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Jun 2013	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	10,911,467	11,170,378	11,932,655	14,554,234	17,712,748	20,977,001	22,451,295	18,154,655	11,500,397	9,700,929	8,870,427	7,359,292	6,719,027	6,342,113	5,292,870	3,752,643
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	590,522	590,522	690,387	690,387	248,733
Total Fixed Assets	10,911,467	11,170,378	11,932,655	14,554,234	17,712,748	20,977,001	22,451,295	18,154,655	11,500,397	9,700,929	8,870,427	7,949,814	7,309,549	7,032,500	5,983,257	4,001,376
Stock & work in progress	759,660	695,834	629,537	555,530	742,728	696,796	817,513	483,758	313,945	239,590	184,426	192,247	131,993	148,077	114,430	35,592
Trade Debtors	1,177,270	1,163,443	1,201,529	117,856	228,650	255,775	92,301	197,552	178,012	126,100	116,270	15,704	71,637	65,548	85,007	68,472
Group Debtors	14,363,198	12,056,254	11,110,337	9,605,801	8,341,479	7,475,812	4,305,016	3,579,444	2,948,452	1,804,670	844,722	0	0	0	0	0
Misc Debtors	1,793,739	1,154,104	1,171,424	1,660,983	1,793,753	4,321,323	3,382,359	3,279,960	1,722,223	1,543,165	1,382,652	1,025,035	1,016,071	975,510	800,376	194,151
Cash	3,448,556	6,716,638	5,908,372	2,667,661	8,000,878	4,631,042	4,804,047	5,842,788	4,263,342	2,380,883	1,695,957	1,072,548	3,022,812	3,458,216	2,817,061	517,864
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	21,542,423	21,786,273	20,021,199	14,607,831	19,107,488	17,380,748	13,401,236	13,383,502	9,425,974	6,094,408	4,224,027	2,305,534	4,242,513	4,647,351	3,816,874	816,079
total assets	32,453,890	32,956,651	31,953,854	29,162,065	36,820,236	38,357,749	35,852,531	31,538,157	20,926,371	15,795,337	13,094,454	10,255,348	11,552,062	11,679,851	9,800,131	4,817,455
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	726,000	688,500	486,000	192,000
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,020,893	1,658,020	3,120,323	6,552,993	3,733,330	4,372,866	4,081,796	3,790,591	1,911,422	2,098,997	1,708,395	1,491,053	1,267,715	1,325,122	1,228,243	744,695
Group/Directors Accounts	3,837,535	3,814,895	3,814,895	3,814,893	3,814,893	3,814,893	3,814,893	3,804,759	0	0	0	405,530	0	0	0	0
other short term finances	0	0	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	0	0
other current liabilities	4,254,104	7,094,953	5,748,346	7,136,803	4,235,896	5,246,798	4,832,964	4,303,722	2,350,334	2,158,796	1,763,643	1,674,368	1,794,122	2,110,432	1,297,081	506,085
total current liabilities	9,112,532	12,567,868	12,683,564	17,504,689	11,784,119	13,434,557	12,729,653	11,899,072	4,261,756	4,257,793	3,472,038	3,570,951	3,787,837	4,124,054	3,011,324	1,442,780
loans	10,433,329	10,574,772	10,639,130	8,663,629	8,684,492	7,717,075	7,676,316	6,199,702	5,588,335	2,640,000	2,490,000	894,520	1,863,445	2,761,629	2,180,667	1,034,667
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	200,000	400,000	600,000	0	0	0	0	0	0	0	0
other liabilities	1,754,217	1,754,737	2,619,959	2,721,726	2,477,899	2,581,321	2,588,428	1,590,779	955,926	571,472	377,522	0	0	0	951,306	178,653
provisions	0	0	0	207,757	1,685,059	725,223	799,855	476,973	405,543	292,927	148,574	154,201	433,216	410,574	182,554	0
total long term liabilities	12,187,546	12,329,509	13,259,089	11,593,112	12,847,450	11,223,619	11,464,599	8,867,454	6,949,804	3,504,399	3,016,096	1,048,721	2,296,661	3,172,203	3,314,527	1,213,320
total liabilities	21,300,078	24,897,377	25,942,653	29,097,801	24,631,569	24,658,176	24,194,252	20,766,526	11,211,560	7,762,192	6,488,134	4,619,672	6,084,498	7,296,257	6,325,851	2,656,100
net assets	11,153,812	8,059,274	6,011,201	64,264	12,188,667	13,699,573	11,658,279	10,771,631	9,714,811	8,033,145	6,606,320	5,635,676	5,467,564	4,383,594	3,474,280	2,161,355
total shareholders funds	11,153,812	8,059,274	6,011,201	64,264	12,188,667	13,699,573	11,658,279	10,771,631	9,714,811	8,033,145	6,606,320	5,635,676	5,467,564	4,383,594	3,474,280	2,161,355

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Jun 2013	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,858,393	1,929,759	5,816,797	-12,317,188	-2,110,170	2,240,078	1,266,024	1,205,703	1,888,910	1,639,542	960,572	-823,796	179,496	1,398,270	1,047,013	214,064
Depreciation	1,788,914	1,892,081	1,936,137	3,301,279	4,303,715	2,834,689	2,569,578	1,358,269	1,290,477	1,182,990	1,013,079	184,787	702,684	673,241	385,982	134,802
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	43,023	123,646	193,167	567,145	-168,061	-237,039	-39,950	-112,616	-144,353	5,627	579,573	-354,410	-363,629	-182,554	0
Stock	63,826	66,297	74,007	-187,198	45,932	-120,717	333,755	169,813	74,355	55,164	-7,821	44,170	-16,084	33,647	78,838	35,592
Debtors	2,960,406	890,511	2,098,650	1,020,758	-1,689,028	4,273,234	722,720	2,208,269	1,374,752	1,130,291	712,383	-100,184	-53,215	155,675	1,064,414	511,356
Creditors	-637,127	-1,462,303	-3,432,670	2,819,663	-639,536	291,070	291,205	1,879,169	-187,575	390,602	217,342	165,931	-57,407	96,879	483,548	744,695
Accruals and Deferred Income	-2,840,849	1,346,607	-1,388,457	2,900,907	-1,210,902	213,834	329,242	2,553,388	191,538	395,153	89,275	-436,064	-316,310	813,351	790,996	506,085
Deferred Taxes & Provisions	0	0	-207,757	-1,477,302	959,836	-74,632	322,882	71,430	112,616	144,353	-5,627	-256,373	22,642	228,020	182,554	0
Cash flow from operations	-1,854,901	2,792,359	675,039	-5,413,034	3,513,184	1,184,461	3,485,417	4,649,927	1,734,243	2,422,832	1,575,706	-529,928	245,994	2,656,810	1,564,287	1,052,698
Investing Activities
capital expenditure	-1,530,003	-1,129,804	685,442	-142,765	-1,039,462	-1,360,395	-6,866,218	-8,012,527	-3,089,945	-2,013,492	-2,524,214	-825,052	-1,363,990	-1,722,484	-1,926,209	-3,887,445
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,530,003	-1,129,804	685,442	-142,765	-1,039,462	-1,360,395	-6,866,218	-8,012,527	-3,089,945	-2,013,492	-2,524,214	-825,052	-1,363,990	-1,722,484	-1,926,209	-3,887,445
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	22,640	0	2	0	0	0	10,134	3,804,759	0	0	-405,530	405,530	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-141,443	-64,358	1,975,501	-20,863	967,417	40,759	1,476,614	611,367	2,948,335	150,000	1,595,480	-1,867,109	-898,184	580,962	1,146,000	1,034,667
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-520	-865,222	-101,767	243,827	-103,422	-7,107	997,649	634,853	384,454	193,950	377,522	0	0	-951,306	772,653	178,653
share issue	0	0	0	0	0	0	0	0	0	0	0	1,498,679	0	0	534,998	1,974,327
interest	236,145	75,291	6,494	-382	32,119	-30,723	-144,337	-108,933	-94,628	-68,364	4,445	-2,374	-71,724	-125,327	-86,532	-27,036
cash flow from financing	116,822	-854,289	1,880,230	222,582	896,114	2,929	2,340,060	4,942,046	3,238,161	275,586	1,571,917	34,726	-969,908	-495,671	2,367,119	3,160,611
cash and cash equivalents
cash	-3,268,082	808,266	3,240,711	-5,333,217	3,369,836	-173,005	-1,038,741	1,579,446	1,882,459	684,926	623,409	-2,385,668	-435,404	641,155	2,299,197	517,864
overdraft	0	0	0	0	0	0	0	0	0	0	0	-688,500	37,500	202,500	294,000	192,000
change in cash	-3,268,082	808,266	3,240,711	-5,333,217	3,369,836	-173,005	-1,038,741	1,579,446	1,882,459	684,926	623,409	-1,697,168	-472,904	438,655	2,005,197	325,864

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRAKE & MORGAN LIMITED group structure

Drake & Morgan Limited has no subsidiary companies.

Ultimate parent company

BOWMARK CAPITAL LLP

OC331233

D&M 2 LIMITED

08482792

2 parents

DRAKE & MORGAN LIMITED

06381653

DRAKE & MORGAN LIMITED Shareholders

d&m 2 ltd

100%

Drake & Morgan Limited currently has 6 directors. The longest serving directors include Ms Jillian MacLean (Feb 2008) and Mr Lloyd Campbell (Mar 2015).

officer	country	age	start	end	role
Ms Jillian MacLean	United Kingdom	60 years	Feb 2008	-	Director
Mr Lloyd Campbell		75 years	Mar 2015	-	Director
Mr Simon Adcock	United Kingdom	49 years	Nov 2019	-	Director
Mr David King		50 years	Jan 2021	-	Director
Mr Charles Ind	United Kingdom	61 years	Jun 2022	-	Director
Mr Ben Hollowood		44 years	Nov 2022	-	Director

P&L

March 2024

turnover

45.5m

+5%

operating profit

2.9m

+48%

gross margin

48%

-0.46%

turnover

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

Balance Sheet

March 2024

net assets

11.2m

+0.38%

total assets

32.5m

-0.02%

cash

3.4m

-0.49%

net assets

Total assets minus all liabilities

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company number

06381653

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

incorporation date

September 2007

ultimate parent company

BOWMARK CAPITAL LLP

previous names

the big city bar company limited (March 2008)

avenue shelfco 43 limited (December 2007)

address

first floor the sipping room wes, 16 hertsmere road, london, england, E14 4AX

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 16 charges/mortgages relating to drake & morgan limited. Currently there are 10 open charges and 6 have been satisfied in the past.

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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drake & morgan limited Company Information

drake & morgan limited Estimated Valuation

drake & morgan limited Estimated Valuation

drake & morgan limited Estimated Valuation

Drake & Morgan Limited Overview

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DRAKE & MORGAN LIMITED financials

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