davies specialist services limited
davies specialist services limited Company Information
Company Number
07206113
Next Accounts
19 days late
Shareholders
john mark parnaby
stephen ivan woulds
View AllGroup Structure
View All
Industry
Management consultancy activities (other than financial management)
Registered Address
5th floor 20 gracechurch street, london, EC3V 0BG
Website
www.cynergie.co.ukdavies specialist services limited Estimated Valuation
Pomanda estimates the enterprise value of DAVIES SPECIALIST SERVICES LIMITED at £6.9m based on a Turnover of £13.3m and 0.52x industry multiple (adjusted for size and gross margin).
davies specialist services limited Estimated Valuation
Pomanda estimates the enterprise value of DAVIES SPECIALIST SERVICES LIMITED at £10.6m based on an EBITDA of £2.4m and a 4.47x industry multiple (adjusted for size and gross margin).
davies specialist services limited Estimated Valuation
Pomanda estimates the enterprise value of DAVIES SPECIALIST SERVICES LIMITED at £23.8m based on Net Assets of £9.1m and 2.61x industry multiple (adjusted for liquidity).
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Davies Specialist Services Limited Overview
Davies Specialist Services Limited is a live company located in london, EC3V 0BG with a Companies House number of 07206113. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in March 2010, it's largest shareholder is john mark parnaby with a 20% stake. Davies Specialist Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.3m with rapid growth in recent years.
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Davies Specialist Services Limited Health Check
Pomanda's financial health check has awarded Davies Specialist Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £13.3m, make it larger than the average company (£455.1k)
£13.3m - Davies Specialist Services Limited
£455.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (6.6%)
50% - Davies Specialist Services Limited
6.6% - Industry AVG
Production
with a gross margin of 35.8%, this company has a higher cost of product (58.9%)
35.8% - Davies Specialist Services Limited
58.9% - Industry AVG
Profitability
an operating margin of 17.8% make it more profitable than the average company (8.1%)
17.8% - Davies Specialist Services Limited
8.1% - Industry AVG
Employees
with 68 employees, this is above the industry average (5)
68 - Davies Specialist Services Limited
5 - Industry AVG
Pay Structure
on an average salary of £63.6k, the company has a higher pay structure (£48.6k)
£63.6k - Davies Specialist Services Limited
£48.6k - Industry AVG
Efficiency
resulting in sales per employee of £195.1k, this is more efficient (£121.2k)
£195.1k - Davies Specialist Services Limited
£121.2k - Industry AVG
Debtor Days
it gets paid by customers after 114 days, this is later than average (67 days)
114 days - Davies Specialist Services Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 187 days, this is slower than average (28 days)
187 days - Davies Specialist Services Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Davies Specialist Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (26 weeks)
17 weeks - Davies Specialist Services Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.3%, this is a lower level of debt than the average (56.2%)
50.3% - Davies Specialist Services Limited
56.2% - Industry AVG
DAVIES SPECIALIST SERVICES LIMITED financials
Davies Specialist Services Limited's latest turnover from June 2023 is £13.3 million and the company has net assets of £9.1 million. According to their latest financial statements, Davies Specialist Services Limited has 68 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,268,941 | 5,857,600 | 6,230,713 | 3,902,430 | 3,326,075 | 7,310,611 | 11,656,078 | ||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 8,515,639 | 4,176,978 | 4,520,517 | 1,872,654 | 1,004,705 | 3,523,965 | 9,081,450 | ||||||
| Gross Profit | 4,753,302 | 1,680,622 | 1,710,196 | 2,029,776 | 2,321,370 | 3,786,646 | 2,574,628 | ||||||
| Admin Expenses | 2,397,078 | 709,287 | 639,960 | 509,079 | |||||||||
| Operating Profit | 2,356,224 | 971,335 | 1,070,236 | 1,520,697 | |||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | 43 | 553 | 12 | 3,731 | |||||||||
| Pre-Tax Profit | 2,356,224 | 971,335 | 1,070,236 | 1,520,740 | 1,100,396 | 2,039,306 | 2,092,072 | ||||||
| Tax | 1,761 | 479 | 848 | 2,168 | -2,114 | -419,188 | |||||||
| Profit After Tax | 2,357,985 | 971,814 | 1,071,084 | 1,522,908 | 1,100,396 | 2,037,192 | 1,672,884 | ||||||
| Dividends Paid | 2,500,000 | 225,000 | |||||||||||
| Retained Profit | 2,357,985 | 971,814 | 1,071,084 | 1,522,908 | 1,100,396 | -462,808 | 1,447,884 | ||||||
| Employee Costs | 4,324,647 | 1,914,098 | 1,576,297 | 1,030,607 | 737,837 | 989,625 | 1,035,163 | ||||||
| Number Of Employees | 68 | 41 | 30 | 25 | 28 | 32 | 32 | 19 | |||||
| EBITDA* | 2,361,447 | 977,805 | 1,075,150 | 1,529,523 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,444 | 1,803 | 10,606 | 9,024 | 15,591 | 21,968 | 21,342 | 58,294 | 74,048 | 59,847 | |||
| Intangible Assets | 6,355 | 6,222 | 10,889 | ||||||||||
| Investments & Other | 3,986 | 2,959 | 578 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 15,799 | 6,222 | 12,692 | 10,606 | 9,024 | 15,591 | 21,968 | 21,342 | 62,280 | 77,007 | 60,425 | ||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 4,150,464 | 2,614,619 | 673,153 | 938,699 | 977,523 | 1,208,223 | 1,542,636 | 1,146,163 | 517,651 | 208,301 | 69,539 | 59,002 | 10,429 |
| Group Debtors | 10,502,619 | 10,524,889 | 11,428,590 | 9,544,484 | 5,055,545 | 1,966,012 | 2,500,000 | ||||||
| Misc Debtors | 610,601 | 620,538 | 274,361 | 8,836 | 4,500 | 4,500 | 14,846 | 4,202 | |||||
| Cash | 3,118,812 | 2,344,479 | 1,474,571 | 389,166 | 564,998 | 750,806 | 41,823 | 1,697,898 | 713,048 | 253,719 | 176,011 | 38,680 | 19,601 |
| misc current assets | |||||||||||||
| total current assets | 18,382,496 | 16,104,525 | 13,850,675 | 10,881,185 | 6,602,566 | 3,929,541 | 4,099,305 | 2,848,263 | 1,230,699 | 462,020 | 245,550 | 97,682 | 30,030 |
| total assets | 18,398,295 | 16,110,747 | 13,863,367 | 10,891,791 | 6,611,590 | 3,945,132 | 4,121,273 | 2,869,605 | 1,292,979 | 539,027 | 305,975 | 97,682 | 30,030 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 4,384,648 | 2,684,227 | 1,876,023 | 978,443 | 1,245,958 | 1,417,175 | 880,456 | 1,367,362 | 792,523 | 310,390 | 91,564 | 46,061 | 16,850 |
| Group/Directors Accounts | 4,275,807 | 6,218,213 | 5,921,373 | 5,121,579 | 1,991,343 | ||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 602,579 | 431,031 | 260,509 | 56,733 | 159,993 | 414,057 | 663,075 | 372,380 | |||||
| total current liabilities | 9,263,034 | 9,333,471 | 8,057,905 | 6,156,755 | 3,397,294 | 1,831,232 | 1,543,531 | 1,739,742 | 792,523 | 310,390 | 91,564 | 46,061 | 16,850 |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | 6,600 | ||||||||||||
| other liabilities | 61,621 | 75,370 | 57,592 | ||||||||||
| provisions | 658 | 2,826 | 2,826 | 3,860 | 3,865 | ||||||||
| total long term liabilities | 658 | 2,826 | 2,826 | 3,860 | 3,865 | 68,221 | 75,370 | 57,592 | |||||
| total liabilities | 9,263,034 | 9,333,471 | 8,057,905 | 6,157,413 | 3,400,120 | 1,834,058 | 1,547,391 | 1,743,607 | 860,744 | 385,760 | 149,156 | 46,061 | 16,850 |
| net assets | 9,135,261 | 6,777,276 | 5,805,462 | 4,734,378 | 3,211,470 | 2,111,074 | 2,573,882 | 1,125,998 | 432,235 | 153,267 | 156,819 | 51,621 | 13,180 |
| total shareholders funds | 9,135,261 | 6,777,276 | 5,805,462 | 4,734,378 | 3,211,470 | 2,111,074 | 2,573,882 | 1,125,998 | 432,235 | 153,267 | 156,819 | 51,621 | 13,180 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 2,356,224 | 971,335 | 1,070,236 | 1,520,697 | |||||||||
| Depreciation | 556 | 1,803 | 1,803 | 8,826 | 6,566 | 6,255 | 5,336 | 3,766 | 18,753 | 24,353 | 19,562 | ||
| Amortisation | 4,667 | 4,667 | 3,111 | ||||||||||
| Tax | 1,761 | 479 | 848 | 2,168 | -2,114 | -419,188 | |||||||
| Stock | |||||||||||||
| Debtors | 1,503,638 | 1,383,942 | 1,884,085 | 4,454,451 | 2,858,833 | -878,747 | 2,907,117 | 632,714 | 309,350 | 138,762 | 10,537 | 48,573 | 10,429 |
| Creditors | 1,700,421 | 808,204 | 897,580 | -267,515 | -171,217 | 536,719 | -486,906 | 574,839 | 482,133 | 218,826 | 45,503 | 29,211 | 16,850 |
| Accruals and Deferred Income | 171,548 | 170,522 | 203,776 | -103,260 | -254,064 | -249,018 | 290,695 | 365,780 | 6,600 | ||||
| Deferred Taxes & Provisions | -658 | -2,168 | -1,034 | -5 | 3,865 | ||||||||
| Cash flow from operations | 2,731,539 | 573,068 | 292,611 | -3,295,703 | |||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -3,986 | 1,027 | 2,381 | 578 | |||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -1,942,406 | 296,840 | 799,794 | 3,130,236 | 1,991,343 | ||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -61,621 | -13,749 | 17,778 | 57,592 | |||||||||
| share issue | |||||||||||||
| interest | 43 | 553 | 12 | 3,731 | |||||||||
| cash flow from financing | -1,942,406 | 296,840 | 799,794 | 3,130,279 | 1,991,896 | 12 | 3,731 | ||||||
| cash and cash equivalents | |||||||||||||
| cash | 774,333 | 869,908 | 1,085,405 | -175,832 | -185,808 | 708,983 | -1,656,075 | 984,850 | 459,329 | 77,708 | 137,331 | 19,079 | 19,601 |
| overdraft | |||||||||||||
| change in cash | 774,333 | 869,908 | 1,085,405 | -175,832 | -185,808 | 708,983 | -1,656,075 | 984,850 | 459,329 | 77,708 | 137,331 | 19,079 | 19,601 |
davies specialist services limited Credit Report and Business Information
Davies Specialist Services Limited Competitor Analysis
Perform a competitor analysis for davies specialist services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in EC3V area or any other competitors across 12 key performance metrics.
davies specialist services limited Ownership
DAVIES SPECIALIST SERVICES LIMITED group structure
Davies Specialist Services Limited has no subsidiary companies.
Ultimate parent company
DAVIES BIDCO LTD
#0127498
2 parents
DAVIES SPECIALIST SERVICES LIMITED
07206113
davies specialist services limited directors
Davies Specialist Services Limited currently has 3 directors. The longest serving directors include Mr Mark Grocott (Dec 2024) and Ms Amber Wilkinson (Jan 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Grocott | United Kingdom | 49 years | Dec 2024 | - | Director |
| Ms Amber Wilkinson | United Kingdom | 45 years | Jan 2025 | - | Director |
| Mr Matthew Button | United Kingdom | 37 years | Jan 2025 | - | Director |
P&L
June 2023turnover
13.3m
+127%
operating profit
2.4m
+143%
gross margin
35.9%
+24.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
9.1m
+0.35%
total assets
18.4m
+0.14%
cash
3.1m
+0.33%
net assets
Total assets minus all liabilities
davies specialist services limited company details
company number
07206113
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
March 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
davies resourcing limited (February 2024)
cynergie uk limited (March 2020)
accountant
-
auditor
BDO LLP
address
5th floor 20 gracechurch street, london, EC3V 0BG
Bank
-
Legal Advisor
-
davies specialist 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 4 charges/mortgages relating to davies specialist services limited. Currently there are 3 open charges and 1 have been satisfied in the past.
davies specialist 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 specialist services limited Companies House Filings - See Documents
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