Destiny Entertainments Limited

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destiny entertainments limited Company Information

Live

EstablishedMidHigh

Company Number

06391244

Website

http://dhstainless.co.uk

Registered Address

39 etchingham park road, london, N3 2DU

Industry

Retail sale of audio and video equipment in specialised stores

Telephone

01254237409

Next Accounts Due

September 2024

Group Structure

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Directors

Mark Purchase8 Years

Shareholders

destiny entertainments holding ltd 100%

destiny entertainments limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of DESTINY ENTERTAINMENTS LIMITED at £2.9m based on Net Assets of £893.1k and 3.22x industry multiple (adjusted for liquidity).

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Destiny Entertainments Limited is a live company located in london, N3 2DU with a Companies House number of 06391244. It operates in the retail sale of audio and video equipment in specialised stores sector, SIC Code 47430. Founded in October 2007, it's largest shareholder is destiny entertainments holding ltd with a 100% stake. Destiny Entertainments Limited is a established, mid sized company, Pomanda has estimated its turnover at £7m with high growth in recent years.

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Pomanda's financial health check has awarded Destiny Entertainments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £7m, make it smaller than the average company (£12.8m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.4%)

EXPORT

Destiny Entertainments Limited's latest turnover from December 2022 is estimated at £7 million and the company has net assets of £893.1 thousand. According to their latest financial statements, Destiny Entertainments Limited has 30 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	7,033,300	5,921,849	5,830,603	4,343,283	2,903,022	2,977,838	3,133,113	2,441,112	4,363,766	2,946,502	1,882,453	971,900	963,731	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,762,527	4,113,339	4,229,353	3,198,061	2,180,268	2,012,298	2,148,357	1,737,731	2,943,839	2,061,752	1,336,284	652,918	646,485	0
Gross Profit	2,270,772	1,808,510	1,601,250	1,145,222	722,754	965,540	984,756	703,381	1,419,927	884,750	546,169	318,982	317,246	0
Admin Expenses	2,144,870	1,215,789	1,589,823	1,116,127	513,329	846,648	974,556	705,843	1,468,667	832,740	534,214	324,885	311,015	-2,102
Operating Profit	125,902	592,721	11,427	29,095	209,425	118,892	10,200	-2,462	-48,740	52,010	11,955	-5,903	6,231	2,102
Interest Payable	21,850	17,500	9,150	0	0	0	111	116	0	0	0	0	0	0
Interest Receivable	40,180	2,384	724	3,670	3,143	1,938	452	270	403	404	470	510	266	66
Pre-Tax Profit	144,232	577,605	3,001	32,765	212,568	120,830	10,541	-2,308	-48,337	52,414	12,425	-5,393	6,497	2,168
Tax	-27,404	-109,745	-570	-6,225	-40,388	-22,958	-2,108	0	0	-12,055	-2,982	0	-1,819	-607
Profit After Tax	116,828	467,860	2,431	26,540	172,180	97,872	8,433	-2,308	-48,337	40,359	9,443	-5,393	4,678	1,561
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	116,828	467,860	2,431	26,540	172,180	97,872	8,433	-2,308	-48,337	40,359	9,443	-5,393	4,678	1,561
Employee Costs	772,131	809,541	591,447	560,510	581,100	569,791	733,658	435,724	565,613	379,345	211,793	132,467	126,008	0
Number Of Employees	30	27	23	22	21	20	21	13	23	16	8	6	6	0
EBITDA*	162,534	627,692	28,731	29,874	210,749	122,145	32,359	38,512	-13,230	81,195	24,518	1,953	12,717	8,886

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	54,512	81,215	43,357	55,727	7,341	8,665	10,825	31,591	66,553	72,917	29,068	7,802	10,180	15,345
Intangible Assets	0	0	6,606	33,026	42,049	0	0	0	2,049	1,707	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	54,512	81,215	49,963	88,753	49,390	8,665	10,825	31,591	68,602	74,624	29,068	7,802	10,180	15,345
Stock & work in progress	1,567,337	1,488,014	959,360	607,314	452,304	440,116	376,286	394,548	715,756	617,648	320,000	164,916	104,596	68,430
Trade Debtors	0	12,063	0	0	35,880	9,954	12,951	3,631	70,226	27,111	31,131	30,521	39,247	69,172
Group Debtors	277,196	442,258	532,912	390,554	336,826	216,388	157,485	0	0	0	0	0	0	0
Misc Debtors	103,294	107,294	118,228	110,595	84,717	92,367	106,248	355,545	0	0	0	0	0	0
Cash	1,239,007	1,056,992	849,861	598,477	380,282	457,808	317,426	44,299	63,604	97,747	63,931	123,904	80,147	26,261
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	12,040
total current assets	3,186,834	3,106,621	2,460,361	1,706,940	1,290,009	1,216,633	970,396	798,023	849,586	742,506	415,062	319,341	223,990	175,903
total assets	3,241,346	3,187,836	2,510,324	1,795,693	1,339,399	1,225,298	981,221	829,614	918,188	817,130	444,130	327,143	234,170	191,248
Bank overdraft	60,000	60,000	0	0	0	0	0	3,563	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	952,779	1,140,093	1,024,905	1,003,715	760,095	887,531	755,393	630,567	892,894	766,480	433,839	324,092	226,598	185,692
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	1,195,420	1,011,424	876,960	485,950	299,816	230,459	216,392	176,881	0	0	0	0	0	0
total current liabilities	2,208,199	2,211,517	1,901,865	1,489,665	1,059,911	1,117,990	971,785	811,011	892,894	766,480	433,839	324,092	226,598	185,692
loans	140,000	200,000	300,000	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	4,383	0	0	2,203	1,331	3,993
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	140,000	200,000	300,000	0	0	0	0	0	4,383	0	0	2,203	1,331	3,993
total liabilities	2,348,199	2,411,517	2,201,865	1,489,665	1,059,911	1,117,990	971,785	811,011	897,277	766,480	433,839	326,295	227,929	189,685
net assets	893,147	776,319	308,459	306,028	279,488	107,308	9,436	18,603	20,911	50,650	10,291	848	6,241	1,563
total shareholders funds	893,147	776,319	308,459	306,028	279,488	107,308	9,436	18,603	20,911	50,650	10,291	848	6,241	1,563

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	125,902	592,721	11,427	29,095	209,425	118,892	10,200	-2,462	-48,740	52,010	11,955	-5,903	6,231	2,102
Depreciation	36,632	28,365	17,304	779	1,324	3,253	22,159	40,704	35,262	28,995	12,563	7,856	6,486	6,784
Amortisation	0	6,606	0	0	0	0	0	270	248	190	0	0	0	0
Tax	-27,404	-109,745	-570	-6,225	-40,388	-22,958	-2,108	0	0	-12,055	-2,982	0	-1,819	-607
Stock	79,323	528,654	352,046	155,010	12,188	63,830	-18,262	-321,208	98,108	297,648	155,084	60,320	36,166	68,430
Debtors	-181,125	-89,525	149,991	43,726	138,714	42,025	-82,492	288,950	43,115	-4,020	610	-8,726	-29,925	69,172
Creditors	-187,314	115,188	21,190	243,620	-127,436	132,138	124,826	-262,327	126,414	332,641	109,747	97,494	40,906	185,692
Accruals and Deferred Income	183,996	134,464	391,010	186,134	69,357	14,067	39,511	176,881	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	233,614	328,470	-61,676	254,667	-38,620	139,537	295,342	-14,676	-28,039	108,153	-24,411	47,853	45,563	56,369
Investing Activities
capital expenditure	-9,929	-66,223	21,486	-40,142	-42,049	-1,093	-1,393	-3,963	-29,488	-74,741	-33,829	-5,478	-1,321	-22,129
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,929	-66,223	21,486	-40,142	-42,049	-1,093	-1,393	-3,963	-29,488	-74,741	-33,829	-5,478	-1,321	-22,129
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	-60,000	-100,000	300,000	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	-4,383	4,383	0	-2,203	872	-2,662	3,993
share issue	0	0	0	0	0	0	-17,600	0	18,598	0	0	0	0	2
interest	18,330	-15,116	-8,426	3,670	3,143	1,938	341	154	403	404	470	510	266	66
cash flow from financing	-41,670	-115,116	291,574	3,670	3,143	1,938	-17,259	-4,229	23,384	404	-1,733	1,382	-2,396	4,061
cash and cash equivalents
cash	182,015	207,131	251,384	218,195	-77,526	140,382	273,127	-19,305	-34,143	33,816	-59,973	43,757	53,886	26,261
overdraft	0	60,000	0	0	0	0	-3,563	3,563	0	0	0	0	0	0
change in cash	182,015	147,131	251,384	218,195	-77,526	140,382	276,690	-22,868	-34,143	33,816	-59,973	43,757	53,886	26,261

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DESTINY ENTERTAINMENTS LIMITED group structure

Destiny Entertainments Limited has no subsidiary companies.

Ultimate parent company

PURCHASE DESTINY HOLDINGS (UK) LIMITED

10735684

DESTINY ENTERTAINMENTS HOLDING LIMITED

09906570

2 parents

DESTINY ENTERTAINMENTS LIMITED

06391244

DESTINY ENTERTAINMENTS LIMITED Shareholders

destiny entertainments holding ltd

100%

Destiny Entertainments Limited currently has 1 director, Mr Mark Purchase serving since Jan 2016.

officer	country	age	start	end	role
Mr Mark Purchase	United Kingdom	37 years	Jan 2016	-	Director

P&L

December 2022

turnover

+19%

operating profit

125.9k

gross margin

32.3%

+5.72%

turnover

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

Balance Sheet

December 2022

net assets

893.1k

+0.15%

total assets

3.2m

+0.02%

cash

1.2m

+0.17%

net assets

Total assets minus all liabilities

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company number

06391244

Type

Private limited with Share Capital

industry

47430 - Retail sale of audio and video equipment in specialised stores

incorporation date

October 2007

age

accounts

Total Exemption Full

ultimate parent company

PURCHASE DESTINY HOLDINGS (UK) LIMITED

previous names

N/A

incorporated

address

39 etchingham park road, london, N3 2DU

last accounts submitted

December 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 2 charges/mortgages relating to destiny entertainments limited. Currently there are 2 open charges and 0 have been satisfied in the past.

destiny entertainments limited Company Information

destiny entertainments limited Estimated Valuation

destiny entertainments limited Estimated Valuation

destiny entertainments limited Estimated Valuation

Destiny Entertainments Limited Overview

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DESTINY ENTERTAINMENTS LIMITED financials

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