Towers Drylining Ltd.

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towers drylining ltd. Company Information

Company Number

06679575

Next Accounts

Nov 2025

Directors

Kelvin Towers

Shareholders

kelvin john towers

michelle towers

Group Structure

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Industry

Plastering

Registered Address

21 church road parkstone, poole, dorset, BH14 8UF

Website

towersdrylining.com

towers drylining ltd. Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of TOWERS DRYLINING LTD. at £1.6m based on a Turnover of £3.6m and 0.45x industry multiple (adjusted for size and gross margin).

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Towers Drylining Ltd. is a live company located in dorset, BH14 8UF with a Companies House number of 06679575. It operates in the plastering sector, SIC Code 43310. Founded in August 2008, it's largest shareholder is kelvin john towers with a 75% stake. Towers Drylining Ltd. is a established, small sized company, Pomanda has estimated its turnover at £3.6m with high growth in recent years.

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Pomanda's financial health check has awarded Towers Drylining Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £3.6m, make it larger than the average company (£197.3k)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (8.5%)

EXPORT

Towers Drylining Ltd.'s latest turnover from February 2024 is estimated at £3.6 million and the company has net assets of £552.1 thousand. According to their latest financial statements, Towers Drylining Ltd. has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,576,201	4,311,912	1,952,872	1,829,670	3,004,120	3,092,503	2,581,138	780,865	940,099	404,366	211,878	388,386	320,595	279,695	273,879
Other Income Or Grants
Cost Of Sales	2,580,155	2,902,455	1,312,310	1,166,894	1,865,856	2,007,179	1,787,032	540,150	678,061	293,151	138,341	268,801	209,934	190,935	174,182
Gross Profit	996,045	1,409,456	640,562	662,776	1,138,264	1,085,323	794,106	240,715	262,038	111,215	73,537	119,585	110,662	88,760	99,697
Admin Expenses	878,057	1,404,559	716,438	785,165	887,121	810,585	662,256	116,813	230,431	113,987	67,600	118,934	89,573	98,794	84,922
Operating Profit	117,988	4,897	-75,876	-122,389	251,143	274,738	131,850	123,902	31,607	-2,772	5,937	651	21,089	-10,034	14,775
Interest Payable	4,144	5,694	4,239	2,503	1,119	890	822	897	933
Interest Receivable			132	26	28	55	41	13	5	37	34	104	105	14	13
Pre-Tax Profit	113,844	-797	-79,983	-124,866	250,052	273,902	131,069	123,018	30,679	-2,735	5,971	755	21,195	-10,020	14,788
Tax	-28,461				-47,510	-52,041	-24,903	-24,603	-6,136		-1,373	-181	-5,511		-4,140
Profit After Tax	85,383	-797	-79,983	-124,866	202,542	221,861	106,166	98,414	24,543	-2,735	4,598	574	15,684	-10,020	10,647
Dividends Paid
Retained Profit	85,383	-797	-79,983	-124,866	202,542	221,861	106,166	98,414	24,543	-2,735	4,598	574	15,684	-10,020	10,647
Employee Costs	138,546	158,096	130,061	150,583	103,749	141,743	107,324	190,845	97,992	61,203	30,886	63,309	63,301	63,592	68,961
Number Of Employees	6	6	6	6	6	5	4	5	3	2	1	2	2	2	2
EBITDA*	121,919	10,206	-73,170	-119,874	254,340	278,269	134,010	126,474	34,334	-347	5,987	928	23,309	-9,072	16,057

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	8,158	13,510	6,831	7,251	8,906	9,478	5,809	7,296	8,042	5,769	149	831	6,658	2,884	3,846
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	8,158	13,510	6,831	7,251	8,906	9,478	5,809	7,296	8,042	5,769	149	831	6,658	2,884	3,846
Stock & work in progress	853,394	206,121	373,439	188,270	233,000	170,000	153,000	78,990	20,000	18,000	15,000	10,000	6,500	3,400	5,000
Trade Debtors	211,811	689,959	301,345	344,123	706,102	518,880	330,962	85,141	137,253	47,973	18,169	42,471	23,438	36,978	32,288
Group Debtors
Misc Debtors	74,147	137,138	105,497	144,247	164,199	110,325	100,126	36,874	20,563
Cash				52,848		7,364	7,371	9,173	1,000	1,000	13,623	7	41,606	540	5,001
misc current assets
total current assets	1,139,352	1,033,218	780,281	729,488	1,103,301	806,569	591,459	210,178	178,816	66,973	46,792	52,478	71,544	40,918	42,289
total assets	1,147,510	1,046,728	787,112	736,739	1,112,207	816,047	597,268	217,474	186,858	72,742	46,941	53,309	78,202	43,802	46,135
Bank overdraft	17,754	959	37,928		32,067	1,079	25,301		28,701
Bank loan
Trade Creditors	429,639	486,406	226,127	72,433	254,740	232,763	236,098	20,809	50,074	49,661	25,358	36,324	61,791	43,075	35,388
Group/Directors Accounts
other short term finances
hp & lease commitments	4,200	3,500	1,800	1,800	1,800		1,144	2,426	3,945
other current liabilities	113,422	43,237	9,937	61,821	145,934	110,572	85,650	49,831	55,569
total current liabilities	565,015	534,102	275,792	136,054	434,541	344,414	348,193	73,066	138,289	49,661	25,358	36,324	61,791	43,075	35,388
loans	22,450	32,500	42,500	50,000
hp & lease commitments	6,008	10,208		1,800	3,600			1,144	3,570
Accruals and Deferred Income
other liabilities										3,079
provisions	1,926	3,190	1,295	1,377	1,692	1,801	1,104	1,459	1,608	1,154
total long term liabilities	30,384	45,898	43,795	53,177	5,292	1,801	1,104	2,603	5,178	4,233
total liabilities	595,399	580,000	319,587	189,231	439,833	346,215	349,297	75,669	143,467	53,894	25,358	36,324	61,791	43,075	35,388
net assets	552,111	466,728	467,525	547,508	672,374	469,832	247,971	141,805	43,391	18,848	21,583	16,985	16,411	727	10,747
total shareholders funds	552,111	466,728	467,525	547,508	672,374	469,832	247,971	141,805	43,391	18,848	21,583	16,985	16,411	727	10,747

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	117,988	4,897	-75,876	-122,389	251,143	274,738	131,850	123,902	31,607	-2,772	5,937	651	21,089	-10,034	14,775
Depreciation	3,931	5,309	2,706	2,515	3,197	3,531	2,160	2,572	2,727	1,946	50	277	2,220	962	1,282
Amortisation										479
Tax	-28,461				-47,510	-52,041	-24,903	-24,603	-6,136		-1,373	-181	-5,511		-4,140
Stock	647,273	-167,318	185,169	-44,730	63,000	17,000	74,010	58,990	2,000	3,000	5,000	3,500	3,100	-1,600	5,000
Debtors	-541,139	420,255	-81,528	-381,931	241,096	198,117	309,073	-35,801	109,843	29,804	-24,302	19,033	-13,540	4,690	32,288
Creditors	-56,767	260,279	153,694	-182,307	21,977	-3,335	215,289	-29,265	413	24,303	-10,966	-25,467	18,716	7,687	35,388
Accruals and Deferred Income	70,185	33,300	-51,884	-84,113	35,362	24,922	35,819	-5,738	55,569
Deferred Taxes & Provisions	-1,264	1,895	-82	-315	-109	697	-355	-149	454	1,154
Cash flow from operations	-522	52,743	-75,083	40,052	-40,036	33,395	-23,223	43,530	-27,209	-7,694	12,950	-47,253	46,954	-4,475	10,017
Investing Activities
capital expenditure	1,421	-11,988	-2,286	-860	-2,625	-7,200	-673	-1,826	-5,000	-8,045	632	5,550	-5,994		-5,128
Change in Investments
cash flow from investments	1,421	-11,988	-2,286	-860	-2,625	-7,200	-673	-1,826	-5,000	-8,045	632	5,550	-5,994		-5,128
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-10,050	-10,000	-7,500	50,000
Hire Purchase and Lease Commitments	-3,500	11,908	-1,800	-1,800	5,400	-1,144	-2,426	-3,945	7,515
other long term liabilities									-3,079	3,079
share issue															100
interest	-4,144	-5,694	-4,107	-2,477	-1,091	-835	-781	-884	-928	37	34	104	105	14	13
cash flow from financing	-17,694	-3,786	-13,407	45,723	4,309	-1,979	-3,207	-4,829	3,508	3,116	34	104	105	14	113
cash and cash equivalents
cash			-52,848	52,848	-7,364	-7	-1,802	8,173		-12,623	13,616	-41,599	41,066	-4,461	5,001
overdraft	16,795	-36,969	37,928	-32,067	30,988	-24,222	25,301	-28,701	28,701
change in cash	-16,795	36,969	-90,776	84,915	-38,352	24,215	-27,103	36,874	-28,701	-12,623	13,616	-41,599	41,066	-4,461	5,001

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TOWERS DRYLINING LTD. group structure

Towers Drylining Ltd. has no subsidiary companies.

Ultimate parent company

TOWERS DRYLINING LTD.

06679575

TOWERS DRYLINING LTD. Shareholders

kelvin john towers	75%
michelle towers	25%

Towers Drylining Ltd. currently has 1 director, Mr Kelvin Towers serving since Aug 2008.

officer	country	age	start	end	role
Mr Kelvin Towers		67 years	Aug 2008	-	Director

P&L

February 2024

turnover

3.6m

-17%

operating profit

118k

gross margin

27.9%

-14.79%

turnover

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

Balance Sheet

February 2024

net assets

552.1k

+0.18%

total assets

1.1m

+0.1%

cash

net assets

Total assets minus all liabilities

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company number

06679575

Type

Private limited with Share Capital

industry

43310 - Plastering

incorporation date

August 2008

ultimate parent company

None

previous names

N/A

address

21 church road parkstone, poole, dorset, BH14 8UF

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towers drylining ltd. Company Information

towers drylining ltd. Estimated Valuation

towers drylining ltd. Estimated Valuation

towers drylining ltd. Estimated Valuation

Towers Drylining Ltd. Overview

Towers Drylining Ltd. Health Check

TOWERS DRYLINING LTD. financials

towers drylining ltd. Credit Report and Business Information

Towers Drylining Ltd. Competitor Analysis

towers drylining ltd. Ownership

towers drylining ltd. directors

towers drylining ltd. company details

towers drylining ltd. Charges & Mortgages

towers drylining ltd. Capital Raised & Share Issues BETA

towers drylining ltd. Companies House Filings - See Documents