davies broking services limited

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davies broking services limited Company Information

Share DAVIES BROKING SERVICES LIMITED

Company Number

06394614

Shareholders

davies group limited

Group Structure

View All

Industry

Activities of insurance agents and brokers

 

Registered Address

5th floor 20 gracechurch street, london, EC3V 0BG

davies broking services limited Estimated Valuation

£953.7k

Pomanda estimates the enterprise value of DAVIES BROKING SERVICES LIMITED at £953.7k based on a Turnover of £1.2m and 0.8x industry multiple (adjusted for size and gross margin).

davies broking services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of DAVIES BROKING SERVICES LIMITED at £0 based on an EBITDA of £-115.8k and a 4.86x industry multiple (adjusted for size and gross margin).

davies broking services limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of DAVIES BROKING SERVICES LIMITED at £6.6m based on Net Assets of £3.5m and 1.9x industry multiple (adjusted for liquidity).

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Davies Broking Services Limited Overview

Davies Broking Services Limited is a live company located in london, EC3V 0BG with a Companies House number of 06394614. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in October 2007, it's largest shareholder is davies group limited with a 100% stake. Davies Broking Services Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Davies Broking Services Limited Health Check

Pomanda's financial health check has awarded Davies Broking Services Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £1.2m, make it smaller than the average company (£2.6m)

£1.2m - Davies Broking Services Limited

£2.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (5.8%)

-22% - Davies Broking Services Limited

5.8% - Industry AVG

production

Production

with a gross margin of 57.5%, this company has a higher cost of product (96%)

57.5% - Davies Broking Services Limited

96% - Industry AVG

profitability

Profitability

an operating margin of -9.7% make it less profitable than the average company (18.6%)

-9.7% - Davies Broking Services Limited

18.6% - Industry AVG

employees

Employees

with 38 employees, this is above the industry average (16)

38 - Davies Broking Services Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £54.3k, the company has an equivalent pay structure (£48.6k)

£54.3k - Davies Broking Services Limited

£48.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £31.4k, this is less efficient (£112.1k)

£31.4k - Davies Broking Services Limited

£112.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 195 days, this is later than average (75 days)

195 days - Davies Broking Services Limited

75 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 18 days, this is quicker than average (100 days)

18 days - Davies Broking Services Limited

100 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Davies Broking Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (35 weeks)

0 weeks - Davies Broking Services Limited

35 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64.5%, this is a similar level of debt than the average (61.7%)

64.5% - Davies Broking Services Limited

61.7% - Industry AVG

DAVIES BROKING SERVICES LIMITED financials

EXPORTms excel logo

Davies Broking Services Limited's latest turnover from June 2023 is £1.2 million and the company has net assets of £3.5 million. According to their latest financial statements, Davies Broking Services Limited has 38 employees and maintains cash reserves of £89.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,192,4011,627,6841,867,6752,492,4993,160,0874,080,3552,864,1742,479,9011,912,5205,594,3153,927,1141,930,072699,367
Other Income Or Grants
Cost Of Sales507,3871,121,0071,715,9911,621,5431,920,6401,722,34218,156406,851452,7161,520,2401,308,363546,194181,814
Gross Profit685,014506,677151,684870,9561,239,4472,358,0132,846,0182,073,0501,459,8044,074,0752,618,7511,383,877517,553
Admin Expenses800,852234,890-222,42687,2151,061,1492,044,8592,228,8091,945,9221,571,4344,327,0102,770,453558,642510,827733
Operating Profit-115,838271,787374,110783,741178,298313,154617,209127,128-111,630-252,935-151,702825,2356,726-733
Interest Payable315,1842381
Interest Receivable4,86414,76210,49541,12122,0878,1706001821,1532,2401,643903551201
Pre-Tax Profit-111,005286,549379,421824,862200,385321,086617,808127,310-110,477-250,695-150,059826,1387,276-532
Tax-3,304-1,3345,044107,945-100,233-137,506-25,462-214,796-2,037
Profit After Tax-111,005283,245378,087829,906308,330220,853480,302101,848-110,477-250,695-150,059611,3425,239-532
Dividends Paid99,93929,996
Retained Profit-111,005283,245378,087829,906308,330120,914450,306101,848-110,477-250,695-150,059611,3425,239-532
Employee Costs2,063,1612,166,6471,712,2531,811,8932,463,6493,320,0312,195,1951,450,768893,1692,545,7101,777,603874,210357,170
Number Of Employees3835373553393433216244229
EBITDA*-115,838271,787374,110789,303194,218349,771635,857156,256-10,756-215,062-129,697837,84522,58810,272

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets5,56219,21936,23743,24427,26163,32588,44713,39222,19211,491
Intangible Assets
Investments & Other1,504,0261,599,7551,619,9501,525,1091,525,1091,525,1091,086,435138,57750,025169,218179,158241,088
Debtors (Due After 1 year)178,94232,50732,507
Total Fixed Assets1,504,0261,599,7551,619,9501,525,1091,530,6711,544,3281,122,672360,763109,793265,050267,605254,48022,19211,491
Stock & work in progress
Trade Debtors638,741646,515988,848967,177954,538683,862736,194339,829465,9811,555,1371,066,881543,524205,139199,175
Group Debtors7,543,3145,450,5034,496,5163,485,4861,491,2991,346,071284,90041,257
Misc Debtors69,555113,273401,106377,242436,223742,487454,698131,7744,9682,331
Cash89,54430,609258,5321,665,1351,621,946125,575597,22771,4131,239460,139435,911221,143139,87180,433
misc current assets420
total current assets8,341,1546,240,9006,145,0026,495,0404,504,0062,898,4152,073,019584,273467,2202,015,2761,502,792764,667349,978281,939
total assets9,845,1807,840,6557,764,9528,020,1496,034,6774,442,7433,195,691945,036577,0132,280,3261,770,3971,019,147372,170293,430
Bank overdraft
Bank loan
Trade Creditors 25,95742,01443,94924,57471,874441,3071,218,291112,580388,8791,979,1731,262,454370,378332,810266,642
Group/Directors Accounts5,866,1383,905,1153,726,8072,970,9981,801,0531,546,097182,474
other short term finances300,0001,550,000
hp & lease commitments
other current liabilities455,215284,651368,566527,033494,111342,030
total current liabilities6,347,3104,231,7804,439,3225,072,6052,367,0382,333,4351,218,291637,084388,8791,979,1731,262,454370,378332,810266,642
loans1,489,812300,000300,000
hp & lease commitments
Accruals and Deferred Income
other liabilities53,11650,514
provisions2,7733,5925,14411,7532,5204,4532,154
total long term liabilities1,489,812300,000302,7733,59253,11655,65811,7532,5204,4532,154
total liabilities6,347,3104,231,7804,439,3225,072,6053,856,8502,633,4351,521,064640,676441,9952,034,8311,274,207372,898337,263268,796
net assets3,497,8703,608,8753,325,6302,947,5442,177,8271,809,3081,674,627304,360135,018245,495496,190646,24934,90724,634
total shareholders funds3,497,8703,608,8753,325,6302,947,5442,177,8271,809,3081,674,627304,360135,018245,495496,190646,24934,90724,634
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-115,838271,787374,110783,741178,298313,154617,209127,128-111,630-252,935-151,702825,2356,726-733
Depreciation5,56215,92036,61718,64829,128100,87437,87322,00512,61015,86211,005
Amortisation
Tax-3,304-1,3345,044107,945-100,233-137,506-25,462-214,796-2,037
Stock
Debtors2,041,319323,8211,056,5651,947,845109,6402,772,420783,990193,314-1,089,156520,763523,357333,4178,601201,506
Creditors-16,057-1,93519,375-47,300-369,433441,3071,105,711-276,299-1,590,294716,719892,07637,56866,168266,642
Accruals and Deferred Income170,564-83,915-158,46732,922494,111-342,030342,030
Deferred Taxes & Provisions-8193,592-5,144-6,6099,233-1,9332,2992,154
Cash flow from operations-2,002,650-141,188-822,881-1,167,876317,201-2,081,575477,2236,803-517,038-25,715248,255325,26780,41777,562
Investing Activities
capital expenditure-2,263-55,836-11,641-45,111-64,810-12,751-97,060-3,810-26,563-22,496
Change in Investments-95,729-20,19594,8411,525,109947,85888,552-119,193-9,940-61,930241,088
cash flow from investments95,72920,195-94,841-2,263-1,580,945-959,499-133,66354,383-2,811-35,130-244,898-26,563-22,496
Financing Activities
Bank loans
Group/Directors Accounts1,961,023178,308755,8091,169,945254,9561,546,097-182,474182,474
Other Short Term Loans -300,000-1,250,0001,550,000
Long term loans-1,489,8121,189,812300,000300,000
Hire Purchase and Lease Commitments
other long term liabilities-53,1162,60250,514
share issue-1-60,18960,1891,688,394919,96167,4945,03425,166
interest4,83314,7625,31141,12122,0877,9325991821,1532,2401,643903551201
cash flow from financing1,965,856-106,930-488,8811,211,0651,527,0443,542,4231,038,086197,0343,75552,7541,6439035,58525,367
cash and cash equivalents
cash58,935-227,923-1,406,60343,1891,496,371125,575525,81470,174-458,90024,228214,76881,27259,43880,433
overdraft
change in cash58,935-227,923-1,406,60343,1891,496,371125,575525,81470,174-458,90024,228214,76881,27259,43880,433

davies broking services 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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Davies Broking Services Limited Competitor Analysis

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Perform a competitor analysis for davies broking services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3V area or any other competitors across 12 key performance metrics.

davies broking services limited Ownership

DAVIES BROKING SERVICES LIMITED group structure

Davies Broking Services Limited has 1 subsidiary company.

Ultimate parent company

DAVIES BIDCO LTD

#0127498

2 parents

DAVIES BROKING SERVICES LIMITED

06394614

1 subsidiary

DAVIES BROKING SERVICES LIMITED Shareholders

davies group limited 100%

davies broking services limited directors

Davies Broking Services Limited currently has 8 directors. The longest serving directors include Mr Christopher Butcher (Oct 2016) and Mrs Michele Turmore (Apr 2020).

officercountryagestartendrole
Mr Christopher ButcherUnited Kingdom62 years Oct 2016- Director
Mrs Michele TurmoreUnited Kingdom65 years Apr 2020- Director
Mr Shyam RaikundaliaUnited Kingdom38 years Jun 2021- Director
Mr Steven GoateUnited Kingdom64 years Jul 2022- Director
Mr Richard BarkeUnited Kingdom42 years Nov 2022- Director
Mr Matthew LaneUnited Kingdom48 years Sep 2023- Director
Ms Emma PlushUnited Kingdom35 years Oct 2023- Director
Mr Philip PoulterUnited Kingdom44 years Jul 2024- Director

P&L

June 2023

turnover

1.2m

-27%

operating profit

-115.8k

-143%

gross margin

57.5%

+84.55%

turnover

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

Balance Sheet

June 2023

net assets

3.5m

-0.03%

total assets

9.8m

+0.26%

cash

89.5k

+1.93%

net assets

Total assets minus all liabilities

davies broking services limited company details

company number

06394614

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

October 2007

age

18

incorporated

UK

ultimate parent company

DAVIES BIDCO LTD

accounts

Small Company

last accounts submitted

June 2023

previous names

ambant limited (May 2022)

accountant

-

auditor

BDO LLP

address

5th floor 20 gracechurch street, london, EC3V 0BG

Bank

-

Legal Advisor

-

davies broking services 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 davies broking services limited. Currently there are 0 open charges and 2 have been satisfied in the past.

davies broking services 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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davies broking services limited Companies House Filings - See Documents

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