Direct Tool Company Limited

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direct tool company limited Company Information

Live

EstablishedMidHigh

Company Number

06728232

Website

http://dtc-uk.com

Registered Address

castlehill business park, flexford road, southampton, hampshire, SO52 9DF

Industry

Wholesale of machine tools

Telephone

02380251100

Next Accounts Due

September 2024

Group Structure

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Directors

Timothy Wakeford15 Years

Rick Wakeford15 Years

View All

Shareholders

flexford holdings ltd 90.9%

timothy wakeford 9.1%

direct tool company limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of DIRECT TOOL COMPANY LIMITED at £6.6m based on a Turnover of £12.1m and 0.54x industry multiple (adjusted for size and gross margin).

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Direct Tool Company Limited AI Business Plan

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Direct Tool Company Limited is a live company located in southampton, SO52 9DF with a Companies House number of 06728232. It operates in the wholesale of machine tools sector, SIC Code 46620. Founded in October 2008, it's largest shareholder is flexford holdings ltd with a 90.9% stake. Direct Tool Company Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.1m with high growth in recent years.

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Pomanda's financial health check has awarded Direct Tool Company Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

6 Regular

2 Weak

Size

annual sales of £12.1m, make it in line with the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (4.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIRECT TOOL COMPANY LIMITED group structure

Direct Tool Company Limited has no subsidiary companies.

Ultimate parent company

FLEXFORD HOLDINGS LTD

11177576

1 parent

DIRECT TOOL COMPANY LIMITED

06728232

DIRECT TOOL COMPANY LIMITED Shareholders

flexford holdings ltd	90.91%
timothy wakeford	9.09%

Direct Tool Company Limited currently has 3 directors. The longest serving directors include Mr Timothy Wakeford (Oct 2008) and Mr Rick Wakeford (Oct 2008).

officer	country	age	start	end	role
Mr Timothy Wakeford		59 years	Oct 2008	-	Director
Mr Rick Wakeford	United Kingdom	36 years	Oct 2008	-	Director
Mr Luke Wakeford	United Kingdom	38 years	Oct 2008	-	Director

EXPORT

Direct Tool Company Limited's latest turnover from December 2022 is estimated at £12.1 million and the company has net assets of £398.8 thousand. According to their latest financial statements, Direct Tool Company Limited has 45 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Jun 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	12,137,111	8,348,847	8,183,626	6,702,604	6,205,145	5,603,135	4,968,970	4,788,223	3,967,729	4,020,155	4,337,901	2,855,616	2,618,547	2,488,922
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,318,065	5,758,028	5,547,509	4,656,929	4,300,868	3,867,237	3,475,945	3,282,305	2,667,183	2,736,405	2,945,161	1,929,080	1,778,811	1,650,214
Gross Profit	3,819,046	2,590,819	2,636,117	2,045,675	1,904,277	1,735,898	1,493,025	1,505,917	1,300,547	1,283,749	1,392,740	926,536	839,735	838,707
Admin Expenses	3,519,937	2,025,894	2,204,443	2,019,152	3,583,743	1,125,987	1,074,853	1,192,333	992,875	875,255	1,362,908	634,644	699,926	492,024
Operating Profit	299,109	564,925	431,674	26,523	-1,679,466	609,911	418,172	313,584	307,672	408,494	29,832	291,892	139,809	346,683
Interest Payable	283,073	133,771	0	26,786	13,500	0	0	0	0	0	0	0	0	0
Interest Receivable	44,151	821	302	6,926	4,597	1,722	395	1,153	241	12	37	41	8	2
Pre-Tax Profit	60,186	431,975	431,975	6,663	-1,688,369	611,633	418,568	314,738	307,913	408,506	29,868	291,934	139,817	346,685
Tax	-11,435	-82,075	-82,075	-1,266	0	-116,210	-83,713	-62,947	-64,662	-93,956	-7,168	-75,903	-39,149	-97,072
Profit After Tax	48,751	349,900	349,900	5,397	-1,688,369	495,423	334,854	251,790	243,251	314,550	22,700	216,031	100,668	249,613
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	48,751	349,900	349,900	5,397	-1,688,369	495,423	334,854	251,790	243,251	314,550	22,700	216,031	100,668	249,613
Employee Costs	1,897,820	1,809,785	1,542,247	1,427,207	1,345,054	1,215,160	1,141,574	985,670	544,126	584,064	862,305	527,356	501,822	625,575
Number Of Employees	45	42	37	34	33	31	29	27	15	17	22	14	14	18
EBITDA*	517,485	631,282	581,486	120,189	-1,566,981	694,659	485,110	414,434	428,884	496,177	125,816	351,644	226,620	422,655

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Jun 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	432,180	607,676	470,899	362,146	240,729	111,102	146,584	173,818	182,001	178,249	157,056	188,262	196,347	41,225
Intangible Assets	0	0	0	0	11,250	56,250	101,250	135,000	180,000	225,000	312,000	315,000	440,000	495,000
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	432,180	607,676	470,899	362,146	251,979	167,352	247,834	308,818	362,001	403,249	469,056	503,262	636,347	536,225
Stock & work in progress	0	1,774,699	1,381,351	1,372,949	1,116,947	843,597	487,534	602,349	459,401	386,900	420,220	360,478	285,239	289,325
Trade Debtors	2,584,615	2,146,154	2,399,227	1,555,142	1,468,801	1,435,988	1,252,112	1,139,707	1,164,254	1,141,127	898,031	691,936	653,442	551,429
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	82,497	1,365,156	1,341,045	33,930	29,085	25,991	6,232	0	0	0	0	0	0	0
Cash	1,866,285	656,602	603,198	1,085,553	761,441	464,394	224,351	369,365	91,840	4,625	267	14,338	2,220	819
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,533,397	5,942,611	5,724,821	4,047,574	3,376,274	2,769,970	1,970,229	2,111,421	1,715,495	1,532,652	1,318,518	1,066,752	940,901	841,573
total assets	4,965,577	6,550,287	6,195,720	4,409,720	3,628,253	2,937,322	2,218,063	2,420,239	2,077,496	1,935,901	1,787,574	1,570,014	1,577,248	1,377,798
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,160,226	984,304	972,598	836,965	441,070	540,872	400,425	633,956	906,071	1,032,239	1,198,462	891,761	901,773	637,858
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	8,439	25,962	38,586	0	0	0	2,798	21,394	0	0	0	0	0	0
other current liabilities	644,712	865,054	856,573	2,855,175	2,483,501	395,741	316,894	366,186	0	0	0	0	0	0
total current liabilities	2,813,377	1,875,320	1,867,757	3,692,140	2,924,571	936,613	720,117	1,021,536	906,071	1,032,239	1,198,462	891,761	901,773	637,858
loans	1,678,769	4,280,670	0	393,657	400,000	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	3,933,666	0	0	0	0	0	24,512	0	0	111,841	325,094	490,227
provisions	74,670	44,297	44,297	29,705	14,861	23,519	16,179	0	0	0	0	0	0	0
total long term liabilities	1,753,439	4,324,967	3,977,963	423,362	414,861	23,519	16,179	0	24,512	0	0	111,841	325,094	490,227
total liabilities	4,566,816	6,200,287	5,845,720	4,115,502	3,339,432	960,132	736,296	1,021,536	930,583	1,032,239	1,198,462	1,003,602	1,226,867	1,128,085
net assets	398,761	350,000	350,000	294,218	288,821	1,977,190	1,481,767	1,398,703	1,146,913	903,662	589,112	566,412	350,381	249,713
total shareholders funds	398,761	350,000	350,000	294,218	288,821	1,977,190	1,481,767	1,398,703	1,146,913	903,662	589,112	566,412	350,381	249,713

	Dec 2022	Dec 2021	Jun 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	299,109	564,925	431,674	26,523	-1,679,466	609,911	418,172	313,584	307,672	408,494	29,832	291,892	139,809	346,683
Depreciation	218,376	66,357	149,812	82,416	67,485	39,748	33,188	55,850	76,212	42,683	66,000	34,752	31,811	20,972
Amortisation	0	0	0	11,250	45,000	45,000	33,750	45,000	45,000	45,000	29,984	25,000	55,000	55,000
Tax	-11,435	-82,075	-82,075	-1,266	0	-116,210	-83,713	-62,947	-64,662	-93,956	-7,168	-75,903	-39,149	-97,072
Stock	-1,774,699	1,774,699	1,381,351	256,002	273,350	356,063	28,133	142,948	72,501	-33,320	59,742	75,239	-4,086	289,325
Debtors	-844,198	3,511,310	3,740,272	91,186	35,907	203,635	94,090	-24,547	23,127	243,096	206,095	38,494	102,013	551,429
Creditors	1,175,922	984,304	972,598	395,895	-99,802	140,447	-505,646	-272,115	-126,168	-166,223	306,701	-10,012	263,915	637,858
Accruals and Deferred Income	-220,342	865,054	856,573	371,674	2,087,760	78,847	316,894	366,186	0	0	0	0	0	0
Deferred Taxes & Provisions	30,373	44,297	44,297	14,844	-8,658	7,340	16,179	0	0	0	0	0	0	0
Cash flow from operations	4,110,900	-2,843,147	-2,748,744	554,148	103,062	245,385	106,601	327,157	142,426	26,222	159,512	151,996	353,459	122,687
Investing Activities
capital expenditure	-42,880	-674,033	-620,711	-203,833	-197,112	-4,266	47,229	-47,667	-79,964	-21,876	-61,778	73,333	-186,933	-612,197
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-42,880	-674,033	-620,711	-203,833	-197,112	-4,266	47,229	-47,667	-79,964	-21,876	-61,778	73,333	-186,933	-612,197
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	-2,601,901	4,280,670	0	-6,343	400,000	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-17,523	25,962	38,586	0	0	-2,798	2,798	21,394	0	0	0	0	0	0
other long term liabilities	0	0	3,933,666	0	0	0	-24,512	-24,512	24,512	0	-111,841	-213,253	-165,133	490,227
share issue	10	100	100	0	0	0	0	0	0	0	0	0	0	100
interest	-238,922	-132,950	302	-19,860	-8,903	1,722	395	1,153	241	12	37	41	8	2
cash flow from financing	-2,858,336	4,173,782	3,972,654	-26,203	391,097	-1,076	-21,319	-1,965	24,753	12	-111,804	-213,212	-165,125	490,329
cash and cash equivalents
cash	1,209,683	656,602	603,198	324,112	297,047	240,043	132,511	277,525	87,215	4,358	-14,071	12,118	1,401	819
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,209,683	656,602	603,198	324,112	297,047	240,043	132,511	277,525	87,215	4,358	-14,071	12,118	1,401	819

P&L

December 2022

turnover

12.1m

+45%

operating profit

299.1k

gross margin

31.5%

+1.4%

turnover

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

Balance Sheet

December 2022

net assets

398.8k

+0.14%

total assets

-0.24%

cash

1.9m

+1.84%

net assets

Total assets minus all liabilities

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company number

06728232

Type

Private limited with Share Capital

industry

46620 - Wholesale of machine tools

incorporation date

October 2008

age

accounts

Total Exemption Full

ultimate parent company

FLEXFORD HOLDINGS LTD

previous names

direct tool company (December 2013)

incorporated

address

castlehill business park, flexford road, southampton, hampshire, SO52 9DF

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 1 charges/mortgages relating to direct tool company limited. Currently there are 1 open charges and 0 have been satisfied in the past.

direct tool company limited Company Information

direct tool company limited Estimated Valuation

direct tool company limited Estimated Valuation

direct tool company limited Estimated Valuation

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