Bournes Funeral Service Ltd

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bournes funeral service ltd Company Information

Live

EstablishedSmallDeclining

Company Number

06820756

Website

www.bournes-funeral.co.uk

Registered Address

charles lake house, claire causeway, dartford, kent, DA2 6QA

Industry

Funeral and related activities

Telephone

01322284420

Next Accounts Due

December 2024

Group Structure

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Directors

Richard Cusworth15 Years

Shareholders

mr martin lucien bourne 100%

mr richard alan cusworth 0%

bournes funeral service ltd Estimated Valuation

£490.7k

Pomanda estimates the enterprise value of BOURNES FUNERAL SERVICE LTD at £490.7k based on a Turnover of £537.7k and 0.91x industry multiple (adjusted for size and gross margin).

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Bournes Funeral Service Ltd is a live company located in dartford, DA2 6QA with a Companies House number of 06820756. It operates in the funeral and related activities sector, SIC Code 96030. Founded in February 2009, it's largest shareholder is mr martin lucien bourne with a 100% stake. Bournes Funeral Service Ltd is a established, small sized company, Pomanda has estimated its turnover at £537.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Bournes Funeral Service Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £537.7k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.9%)

EXPORT

Bournes Funeral Service Ltd's latest turnover from March 2023 is estimated at £537.7 thousand and the company has net assets of £510.2 thousand. According to their latest financial statements, Bournes Funeral Service Ltd has 8 employees and maintains cash reserves of £393.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	537,734	625,137	688,499	637,895	539,127	578,083	417,909	498,773	595,466	541,056	502,517	400,694	365,556	284,186
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	236,853	254,404	282,840	296,824	253,487	270,141	198,986	226,846	277,127	258,145	246,481	193,986	173,958	134,518
Gross Profit	300,881	370,733	405,659	341,071	285,640	307,942	218,923	271,927	318,338	282,911	256,036	206,708	191,598	149,668
Admin Expenses	358,914	395,166	281,075	299,240	258,052	233,297	231,844	233,703	247,813	273,328	258,501	209,168	219,590	149,761
Operating Profit	-58,033	-24,433	124,584	41,831	27,588	74,645	-12,921	38,224	70,525	9,583	-2,465	-2,460	-27,992	-93
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	16,958	2,969	291	282	2,539	1,359	560	954	551	275	251	182	175	0
Pre-Tax Profit	-41,075	-21,464	124,875	42,114	30,127	76,004	-12,361	39,178	71,076	9,858	-2,214	-2,278	-27,817	0
Tax	0	0	-23,726	-8,002	-5,724	-14,441	0	-7,835	-14,926	-2,267	0	0	0	0
Profit After Tax	-41,075	-21,464	101,149	34,112	24,403	61,563	-12,361	31,342	56,150	7,591	-2,214	-2,278	-27,817	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-41,075	-21,464	101,149	34,112	24,403	61,563	-12,361	31,342	56,150	7,591	-2,214	-2,278	-27,817	0
Employee Costs	229,575	257,484	220,853	218,852	221,169	216,568	190,592	215,400	202,122	166,293	166,713	134,787	137,550	93,484
Number Of Employees	8	9	8	8	8	8	7	8	8	7	7	6	6	4
EBITDA*	-19,987	26,019	191,460	107,737	75,658	120,118	34,045	88,615	119,972	67,402	32,398	34,484	9,333	6,893

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	118,398	155,538	205,990	270,863	63,900	80,061	58,549	77,215	81,530	91,165	22,468	29,031	30,316	39,341
Intangible Assets	0	0	0	0	9,842	38,142	66,442	94,742	123,042	151,342	179,642	207,942	236,242	264,542
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	118,398	155,538	205,990	270,863	73,742	118,203	124,991	171,957	204,572	242,507	202,110	236,973	266,558	303,883
Stock & work in progress	7,887	8,125	9,417	4,370	5,641	5,286	5,996	6,935	9,060	12,071	12,263	12,583	11,295	9,480
Trade Debtors	28,219	33,749	54,754	50,546	33,014	41,835	24,868	36,430	52,004	48,433	47,404	36,715	34,793	22,743
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	9,000	8,480	14,937	17,174	28,599	9,389	12,502	15,422	0	0	0	0	0	0
Cash	393,943	404,063	387,677	194,430	370,403	306,750	236,901	211,473	170,015	50,225	59,930	40,388	32,589	37,373
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	439,049	454,417	466,785	266,520	437,657	363,260	280,267	270,260	231,079	110,729	119,597	89,686	78,677	69,596
total assets	557,447	609,955	672,775	537,383	511,399	481,463	405,258	442,217	435,651	353,236	321,707	326,659	345,235	373,479
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	16,876	24,390	22,767	10,930	24,492	14,100	18,314	20,178	81,690	44,277	52,725	54,963	71,596	70,578
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	0	0	0	0	0	0	2,124	12,148	0	0	0	0	0	0
other current liabilities	23,911	21,847	58,536	27,794	47,047	50,535	30,671	38,721	0	0	0	0	0	0
total current liabilities	40,787	46,237	81,303	38,724	71,539	64,635	51,109	71,047	81,690	44,277	52,725	54,963	71,596	70,578
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	2,123	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	0	0	0	0	0	0	14,270	23,006	0	0	0	0
provisions	6,468	12,451	18,741	27,077	2,390	3,761	2,645	5,182	7,168	9,580	200	700	365	1,810
total long term liabilities	6,468	12,451	18,741	27,077	2,390	3,761	2,645	7,305	21,438	32,586	200	700	365	1,810
total liabilities	47,255	58,688	100,044	65,801	73,929	68,396	53,754	78,352	103,128	76,863	52,925	55,663	71,961	72,388
net assets	510,192	551,267	572,731	471,582	437,470	413,067	351,504	363,865	332,523	276,373	268,782	270,996	273,274	301,091
total shareholders funds	510,192	551,267	572,731	471,582	437,470	413,067	351,504	363,865	332,523	276,373	268,782	270,996	273,274	301,091

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-58,033	-24,433	124,584	41,831	27,588	74,645	-12,921	38,224	70,525	9,583	-2,465	-2,460	-27,992	-93
Depreciation	38,046	50,452	66,876	56,064	19,770	17,173	18,666	22,091	21,147	29,519	6,563	8,644	9,025	6,986
Amortisation	0	0	0	9,842	28,300	28,300	28,300	28,300	28,300	28,300	28,300	28,300	28,300	0
Tax	0	0	-23,726	-8,002	-5,724	-14,441	0	-7,835	-14,926	-2,267	0	0	0	0
Stock	-238	-1,292	5,047	-1,271	355	-710	-939	-2,125	-3,011	-192	-320	1,288	1,815	9,480
Debtors	-5,010	-27,462	1,971	6,107	10,389	13,854	-14,482	-152	3,571	1,029	10,689	1,922	12,050	22,743
Creditors	-7,514	1,623	11,837	-13,562	10,392	-4,214	-1,864	-61,512	37,413	-8,448	-2,238	-16,633	1,018	70,578
Accruals and Deferred Income	2,064	-36,689	30,742	-19,253	-3,488	19,864	-8,050	38,721	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,983	-6,290	-8,336	24,687	-1,371	1,116	-2,537	-1,986	-2,412	9,380	-500	335	-1,445	1,810
Cash flow from operations	-26,172	13,417	194,959	86,771	64,723	109,299	37,015	58,280	139,487	65,230	19,291	14,976	-4,959	47,058
Investing Activities
capital expenditure	-906	0	-2,003	-263,027	-3,609	-38,685	0	-17,776	-11,512	-98,216	0	-7,359	0	-310,869
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-906	0	-2,003	-263,027	-3,609	-38,685	0	-17,776	-11,512	-98,216	0	-7,359	0	-310,869
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-2,124	-12,147	14,271	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-14,270	-8,736	23,006	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	301,091
interest	16,958	2,969	291	282	2,539	1,359	560	954	551	275	251	182	175	0
cash flow from financing	16,958	2,969	291	282	2,539	-765	-11,587	955	-8,185	23,281	251	182	175	301,091
cash and cash equivalents
cash	-10,120	16,386	193,247	-175,973	63,653	69,849	25,428	41,458	119,790	-9,705	19,542	7,799	-4,784	37,373
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-10,120	16,386	193,247	-175,973	63,653	69,849	25,428	41,458	119,790	-9,705	19,542	7,799	-4,784	37,373

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BOURNES FUNERAL SERVICE LTD group structure

Bournes Funeral Service Ltd has no subsidiary companies.

Ultimate parent company

BOURNES FUNERAL SERVICE LTD

06820756

BOURNES FUNERAL SERVICE LTD Shareholders

mr martin lucien bourne	99.97%
mr richard alan cusworth	0.03%

Bournes Funeral Service Ltd currently has 1 director, Mr Richard Cusworth serving since Feb 2009.

officer	country	age	start	end	role
Mr Richard Cusworth	United Kingdom	46 years	Feb 2009	-	Director

P&L

March 2023

turnover

537.7k

-14%

operating profit

-58k

gross margin

56%

-5.65%

turnover

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

Balance Sheet

March 2023

net assets

510.2k

-0.07%

total assets

557.4k

-0.09%

cash

393.9k

-0.03%

net assets

Total assets minus all liabilities

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company number

06820756

Type

Private limited with Share Capital

industry

96030 - Funeral and related activities

incorporation date

February 2009

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

charles lake house, claire causeway, dartford, kent, DA2 6QA

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.

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bournes funeral service ltd Company Information

bournes funeral service ltd Estimated Valuation

bournes funeral service ltd Estimated Valuation

bournes funeral service ltd Estimated Valuation

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BOURNES FUNERAL SERVICE LTD financials

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bournes funeral service ltd directors

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