davies broking services limited Company Information
Company Number
06394614
Next Accounts
Mar 2025
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
Website
www.ambant.comdavies broking services limited Estimated Valuation
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
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
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
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1 Strong
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2 Regular
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8 Weak
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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
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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
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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
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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
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Employees
with 38 employees, this is above the industry average (16)
38 - Davies Broking Services Limited
16 - Industry AVG
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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
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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
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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
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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
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Davies Broking Services Limited
- - Industry AVG
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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
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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
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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 House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 1,192,401 | 1,627,684 | 1,867,675 | 2,492,499 | 3,160,087 | 4,080,355 | 2,864,174 | |||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | 507,387 | 1,121,007 | 1,715,991 | 1,621,543 | 1,920,640 | 1,722,342 | 18,156 | |||||||
Gross Profit | 685,014 | 506,677 | 151,684 | 870,956 | 1,239,447 | 2,358,013 | 2,846,018 | |||||||
Admin Expenses | 800,852 | 234,890 | -222,426 | 87,215 | 1,061,149 | 2,044,859 | 2,228,809 | |||||||
Operating Profit | -115,838 | 271,787 | 374,110 | 783,741 | 178,298 | 313,154 | 617,209 | |||||||
Interest Payable | 31 | 5,184 | 238 | 1 | ||||||||||
Interest Receivable | 4,864 | 14,762 | 10,495 | 41,121 | 22,087 | 8,170 | 600 | |||||||
Pre-Tax Profit | -111,005 | 286,549 | 379,421 | 824,862 | 200,385 | 321,086 | 617,808 | |||||||
Tax | -3,304 | -1,334 | 5,044 | 107,945 | -100,233 | -137,506 | ||||||||
Profit After Tax | -111,005 | 283,245 | 378,087 | 829,906 | 308,330 | 220,853 | 480,302 | |||||||
Dividends Paid | 99,939 | 29,996 | ||||||||||||
Retained Profit | -111,005 | 283,245 | 378,087 | 829,906 | 308,330 | 120,914 | 450,306 | |||||||
Employee Costs | 2,063,161 | 2,166,647 | 1,712,253 | 1,811,893 | 2,463,649 | 3,320,031 | 2,195,195 | |||||||
Number Of Employees | 38 | 35 | 37 | 35 | 53 | 39 | 34 | 33 | ||||||
EBITDA* | -115,838 | 271,787 | 374,110 | 789,303 | 194,218 | 349,771 | 635,857 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 5,562 | 19,219 | 36,237 | 43,244 | 27,261 | 63,325 | 88,447 | 13,392 | 22,192 | 11,491 | ||||
Intangible Assets | ||||||||||||||
Investments & Other | 1,504,026 | 1,599,755 | 1,619,950 | 1,525,109 | 1,525,109 | 1,525,109 | 1,086,435 | 138,577 | 50,025 | 169,218 | 179,158 | 241,088 | ||
Debtors (Due After 1 year) | 178,942 | 32,507 | 32,507 | |||||||||||
Total Fixed Assets | 1,504,026 | 1,599,755 | 1,619,950 | 1,525,109 | 1,530,671 | 1,544,328 | 1,122,672 | 360,763 | 109,793 | 265,050 | 267,605 | 254,480 | 22,192 | 11,491 |
Stock & work in progress | ||||||||||||||
Trade Debtors | 638,741 | 646,515 | 988,848 | 967,177 | 954,538 | 683,862 | 736,194 | 339,829 | 465,981 | 1,555,137 | 1,066,881 | 543,524 | 205,139 | 199,175 |
Group Debtors | 7,543,314 | 5,450,503 | 4,496,516 | 3,485,486 | 1,491,299 | 1,346,071 | 284,900 | 41,257 | ||||||
Misc Debtors | 69,555 | 113,273 | 401,106 | 377,242 | 436,223 | 742,487 | 454,698 | 131,774 | 4,968 | 2,331 | ||||
Cash | 89,544 | 30,609 | 258,532 | 1,665,135 | 1,621,946 | 125,575 | 597,227 | 71,413 | 1,239 | 460,139 | 435,911 | 221,143 | 139,871 | 80,433 |
misc current assets | 420 | |||||||||||||
total current assets | 8,341,154 | 6,240,900 | 6,145,002 | 6,495,040 | 4,504,006 | 2,898,415 | 2,073,019 | 584,273 | 467,220 | 2,015,276 | 1,502,792 | 764,667 | 349,978 | 281,939 |
total assets | 9,845,180 | 7,840,655 | 7,764,952 | 8,020,149 | 6,034,677 | 4,442,743 | 3,195,691 | 945,036 | 577,013 | 2,280,326 | 1,770,397 | 1,019,147 | 372,170 | 293,430 |
Bank overdraft | ||||||||||||||
Bank loan | ||||||||||||||
Trade Creditors | 25,957 | 42,014 | 43,949 | 24,574 | 71,874 | 441,307 | 1,218,291 | 112,580 | 388,879 | 1,979,173 | 1,262,454 | 370,378 | 332,810 | 266,642 |
Group/Directors Accounts | 5,866,138 | 3,905,115 | 3,726,807 | 2,970,998 | 1,801,053 | 1,546,097 | 182,474 | |||||||
other short term finances | 300,000 | 1,550,000 | ||||||||||||
hp & lease commitments | ||||||||||||||
other current liabilities | 455,215 | 284,651 | 368,566 | 527,033 | 494,111 | 342,030 | ||||||||
total current liabilities | 6,347,310 | 4,231,780 | 4,439,322 | 5,072,605 | 2,367,038 | 2,333,435 | 1,218,291 | 637,084 | 388,879 | 1,979,173 | 1,262,454 | 370,378 | 332,810 | 266,642 |
loans | 1,489,812 | 300,000 | 300,000 | |||||||||||
hp & lease commitments | ||||||||||||||
Accruals and Deferred Income | ||||||||||||||
other liabilities | 53,116 | 50,514 | ||||||||||||
provisions | 2,773 | 3,592 | 5,144 | 11,753 | 2,520 | 4,453 | 2,154 | |||||||
total long term liabilities | 1,489,812 | 300,000 | 302,773 | 3,592 | 53,116 | 55,658 | 11,753 | 2,520 | 4,453 | 2,154 | ||||
total liabilities | 6,347,310 | 4,231,780 | 4,439,322 | 5,072,605 | 3,856,850 | 2,633,435 | 1,521,064 | 640,676 | 441,995 | 2,034,831 | 1,274,207 | 372,898 | 337,263 | 268,796 |
net assets | 3,497,870 | 3,608,875 | 3,325,630 | 2,947,544 | 2,177,827 | 1,809,308 | 1,674,627 | 304,360 | 135,018 | 245,495 | 496,190 | 646,249 | 34,907 | 24,634 |
total shareholders funds | 3,497,870 | 3,608,875 | 3,325,630 | 2,947,544 | 2,177,827 | 1,809,308 | 1,674,627 | 304,360 | 135,018 | 245,495 | 496,190 | 646,249 | 34,907 | 24,634 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | -115,838 | 271,787 | 374,110 | 783,741 | 178,298 | 313,154 | 617,209 | |||||||
Depreciation | 5,562 | 15,920 | 36,617 | 18,648 | 29,128 | 100,874 | 37,873 | 22,005 | 12,610 | 15,862 | 11,005 | |||
Amortisation | ||||||||||||||
Tax | -3,304 | -1,334 | 5,044 | 107,945 | -100,233 | -137,506 | ||||||||
Stock | ||||||||||||||
Debtors | 2,041,319 | 323,821 | 1,056,565 | 1,947,845 | 109,640 | 2,772,420 | 783,990 | 193,314 | -1,089,156 | 520,763 | 523,357 | 333,417 | 8,601 | 201,506 |
Creditors | -16,057 | -1,935 | 19,375 | -47,300 | -369,433 | 441,307 | 1,105,711 | -276,299 | -1,590,294 | 716,719 | 892,076 | 37,568 | 66,168 | 266,642 |
Accruals and Deferred Income | 170,564 | -83,915 | -158,467 | 32,922 | 494,111 | -342,030 | 342,030 | |||||||
Deferred Taxes & Provisions | -819 | 3,592 | -5,144 | -6,609 | 9,233 | -1,933 | 2,299 | 2,154 | ||||||
Cash flow from operations | -2,002,650 | -141,188 | -822,881 | -1,167,876 | 317,201 | -2,081,575 | 477,223 | |||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | -95,729 | -20,195 | 94,841 | 1,525,109 | 947,858 | 88,552 | -119,193 | -9,940 | -61,930 | 241,088 | ||||
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | ||||||||||||||
Group/Directors Accounts | 1,961,023 | 178,308 | 755,809 | 1,169,945 | 254,956 | 1,546,097 | -182,474 | 182,474 | ||||||
Other Short Term Loans | -300,000 | -1,250,000 | 1,550,000 | |||||||||||
Long term loans | -1,489,812 | 1,189,812 | 300,000 | 300,000 | ||||||||||
Hire Purchase and Lease Commitments | ||||||||||||||
other long term liabilities | -53,116 | 2,602 | 50,514 | |||||||||||
share issue | ||||||||||||||
interest | 4,833 | 14,762 | 5,311 | 41,121 | 22,087 | 7,932 | 599 | |||||||
cash flow from financing | 1,965,856 | -106,930 | -488,881 | 1,211,065 | 1,527,044 | 3,542,423 | 1,038,086 | |||||||
cash and cash equivalents | ||||||||||||||
cash | 58,935 | -227,923 | -1,406,603 | 43,189 | 1,496,371 | 125,575 | 525,814 | 70,174 | -458,900 | 24,228 | 214,768 | 81,272 | 59,438 | 80,433 |
overdraft | ||||||||||||||
change in cash | 58,935 | -227,923 | -1,406,603 | 43,189 | 1,496,371 | 125,575 | 525,814 | 70,174 | -458,900 | 24,228 | 214,768 | 81,272 | 59,438 | 80,433 |
davies broking services limited Credit Report and Business Information
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Christopher Butcher | United Kingdom | 62 years | Oct 2016 | - | Director |
Mrs Michele Turmore | United Kingdom | 65 years | Apr 2020 | - | Director |
Mr Shyam Raikundalia | United Kingdom | 38 years | Jun 2021 | - | Director |
Mr Steven Goate | United Kingdom | 64 years | Jul 2022 | - | Director |
Mr Richard Barke | United Kingdom | 42 years | Nov 2022 | - | Director |
Mr Matthew Lane | United Kingdom | 48 years | Sep 2023 | - | Director |
Ms Emma Plush | United Kingdom | 35 years | Oct 2023 | - | Director |
Mr Philip Poulter | United Kingdom | 44 years | Jul 2024 | - | Director |
P&L
June 2023turnover
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 2023net 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
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
date | description | view/download |
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