destiny entertainments limited

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destiny entertainments limited Company Information

Share DESTINY ENTERTAINMENTS LIMITED
Live 
EstablishedMidHigh

Company Number

06391244

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

View All

Directors

Mark Purchase8 Years

Shareholders

destiny entertainments holding ltd 100%

destiny entertainments limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of DESTINY ENTERTAINMENTS LIMITED at £1.9m based on a Turnover of £7m and 0.27x industry multiple (adjusted for size and gross margin).

destiny entertainments limited Estimated Valuation

£734.8k

Pomanda estimates the enterprise value of DESTINY ENTERTAINMENTS LIMITED at £734.8k based on an EBITDA of £162.5k and a 4.52x industry multiple (adjusted for size and gross margin).

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 Overview

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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Destiny Entertainments Limited Health Check

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 Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

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

£7m - Destiny Entertainments Limited

£12.8m - Industry AVG

growth

Growth

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

17% - Destiny Entertainments Limited

6.4% - Industry AVG

production

Production

with a gross margin of 32.3%, this company has a comparable cost of product (32.3%)

32.3% - Destiny Entertainments Limited

32.3% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (4.2%)

1.8% - Destiny Entertainments Limited

4.2% - Industry AVG

employees

Employees

with 30 employees, this is below the industry average (66)

30 - Destiny Entertainments Limited

66 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.7k, the company has an equivalent pay structure (£25.7k)

£25.7k - Destiny Entertainments Limited

£25.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £234.4k, this is equally as efficient (£214.2k)

£234.4k - Destiny Entertainments Limited

£214.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Destiny Entertainments Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 73 days, this is slower than average (36 days)

73 days - Destiny Entertainments Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 120 days, this is more than average (46 days)

120 days - Destiny Entertainments Limited

46 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is average cash available to meet short term requirements (27 weeks)

29 weeks - Destiny Entertainments Limited

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 72.5%, this is a higher level of debt than the average (52.1%)

72.5% - Destiny Entertainments Limited

52.1% - Industry AVG

DESTINY ENTERTAINMENTS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover7,033,3005,921,8495,830,6034,343,2832,903,0222,977,8383,133,1132,441,1124,363,7662,946,5021,882,453971,900963,7310
Other Income Or Grants00000000000000
Cost Of Sales4,762,5274,113,3394,229,3533,198,0612,180,2682,012,2982,148,3571,737,7312,943,8392,061,7521,336,284652,918646,4850
Gross Profit2,270,7721,808,5101,601,2501,145,222722,754965,540984,756703,3811,419,927884,750546,169318,982317,2460
Admin Expenses2,144,8701,215,7891,589,8231,116,127513,329846,648974,556705,8431,468,667832,740534,214324,885311,015-2,102
Operating Profit125,902592,72111,42729,095209,425118,89210,200-2,462-48,74052,01011,955-5,9036,2312,102
Interest Payable21,85017,5009,150000111116000000
Interest Receivable40,1802,3847243,6703,1431,93845227040340447051026666
Pre-Tax Profit144,232577,6053,00132,765212,568120,83010,541-2,308-48,33752,41412,425-5,3936,4972,168
Tax-27,404-109,745-570-6,225-40,388-22,958-2,10800-12,055-2,9820-1,819-607
Profit After Tax116,828467,8602,43126,540172,18097,8728,433-2,308-48,33740,3599,443-5,3934,6781,561
Dividends Paid00000000000000
Retained Profit116,828467,8602,43126,540172,18097,8728,433-2,308-48,33740,3599,443-5,3934,6781,561
Employee Costs772,131809,541591,447560,510581,100569,791733,658435,724565,613379,345211,793132,467126,0080
Number Of Employees302723222120211323168660
EBITDA*162,534627,69228,73129,874210,749122,14532,35938,512-13,23081,19524,5181,95312,7178,886

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets54,51281,21543,35755,7277,3418,66510,82531,59166,55372,91729,0687,80210,18015,345
Intangible Assets006,60633,02642,0490002,0491,7070000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets54,51281,21549,96388,75349,3908,66510,82531,59168,60274,62429,0687,80210,18015,345
Stock & work in progress1,567,3371,488,014959,360607,314452,304440,116376,286394,548715,756617,648320,000164,916104,59668,430
Trade Debtors012,0630035,8809,95412,9513,63170,22627,11131,13130,52139,24769,172
Group Debtors277,196442,258532,912390,554336,826216,388157,4850000000
Misc Debtors103,294107,294118,228110,59584,71792,367106,248355,545000000
Cash1,239,0071,056,992849,861598,477380,282457,808317,42644,29963,60497,74763,931123,90480,14726,261
misc current assets000000000000012,040
total current assets3,186,8343,106,6212,460,3611,706,9401,290,0091,216,633970,396798,023849,586742,506415,062319,341223,990175,903
total assets3,241,3463,187,8362,510,3241,795,6931,339,3991,225,298981,221829,614918,188817,130444,130327,143234,170191,248
Bank overdraft60,00060,000000003,563000000
Bank loan00000000000000
Trade Creditors 952,7791,140,0931,024,9051,003,715760,095887,531755,393630,567892,894766,480433,839324,092226,598185,692
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities1,195,4201,011,424876,960485,950299,816230,459216,392176,881000000
total current liabilities2,208,1992,211,5171,901,8651,489,6651,059,9111,117,990971,785811,011892,894766,480433,839324,092226,598185,692
loans140,000200,000300,00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities000000004,383002,2031,3313,993
provisions00000000000000
total long term liabilities140,000200,000300,000000004,383002,2031,3313,993
total liabilities2,348,1992,411,5172,201,8651,489,6651,059,9111,117,990971,785811,011897,277766,480433,839326,295227,929189,685
net assets893,147776,319308,459306,028279,488107,3089,43618,60320,91150,65010,2918486,2411,563
total shareholders funds893,147776,319308,459306,028279,488107,3089,43618,60320,91150,65010,2918486,2411,563
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit125,902592,72111,42729,095209,425118,89210,200-2,462-48,74052,01011,955-5,9036,2312,102
Depreciation36,63228,36517,3047791,3243,25322,15940,70435,26228,99512,5637,8566,4866,784
Amortisation06,606000002702481900000
Tax-27,404-109,745-570-6,225-40,388-22,958-2,10800-12,055-2,9820-1,819-607
Stock79,323528,654352,046155,01012,18863,830-18,262-321,20898,108297,648155,08460,32036,16668,430
Debtors-181,125-89,525149,99143,726138,71442,025-82,492288,95043,115-4,020610-8,726-29,92569,172
Creditors-187,314115,18821,190243,620-127,436132,138124,826-262,327126,414332,641109,74797,49440,906185,692
Accruals and Deferred Income183,996134,464391,010186,13469,35714,06739,511176,881000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations233,614328,470-61,676254,667-38,620139,537295,342-14,676-28,039108,153-24,41147,85345,56356,369
Investing Activities
capital expenditure-9,929-66,22321,486-40,142-42,049-1,093-1,393-3,963-29,488-74,741-33,829-5,478-1,321-22,129
Change in Investments00000000000000
cash flow from investments-9,929-66,22321,486-40,142-42,049-1,093-1,393-3,963-29,488-74,741-33,829-5,478-1,321-22,129
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-60,000-100,000300,00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities0000000-4,3834,3830-2,203872-2,6623,993
share issue000000-17,600018,59800002
interest18,330-15,116-8,4263,6703,1431,93834115440340447051026666
cash flow from financing-41,670-115,116291,5743,6703,1431,938-17,259-4,22923,384404-1,7331,382-2,3964,061
cash and cash equivalents
cash182,015207,131251,384218,195-77,526140,382273,127-19,305-34,14333,816-59,97343,75753,88626,261
overdraft060,0000000-3,5633,563000000
change in cash182,015147,131251,384218,195-77,526140,382276,690-22,868-34,14333,816-59,97343,75753,88626,261

destiny entertainments 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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Destiny Entertainments Limited Competitor Analysis

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destiny entertainments limited Ownership

DESTINY ENTERTAINMENTS LIMITED group structure

Destiny Entertainments Limited has no subsidiary companies.

Ultimate parent company

2 parents

DESTINY ENTERTAINMENTS LIMITED

06391244

DESTINY ENTERTAINMENTS LIMITED Shareholders

destiny entertainments holding ltd 100%

destiny entertainments limited directors

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

officercountryagestartendrole
Mr Mark PurchaseUnited Kingdom37 years Jan 2016- Director

P&L

December 2022

turnover

7m

+19%

operating profit

125.9k

0%

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

destiny entertainments limited company details

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

17

accounts

Total Exemption Full

previous names

N/A

incorporated

UK

address

39 etchingham park road, london, N3 2DU

last accounts submitted

December 2022

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

charges

destiny entertainments limited Companies House Filings - See Documents

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