Diamond Dry Cleaning Centre Ltd

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diamond dry cleaning centre ltd Company Information

Live

EstablishedMicroDeclining

Company Number

07434312

Website

www.diamonddrycleaning.co.uk

Registered Address

4th floor,, 58-59 great marlborough street, london, W1F 7JY

Industry

Washing and (dry-)cleaning of textile and fur products

Telephone

01483480627

Next Accounts Due

August 2025

Group Structure

View All

Directors

John Parnis4 Years

Roderick Gillies4 Years

Shareholders

allen groupe limited 100%

diamond dry cleaning centre ltd Estimated Valuation

£177.4k

Pomanda estimates the enterprise value of DIAMOND DRY CLEANING CENTRE LTD at £177.4k based on a Turnover of £261.3k and 0.68x industry multiple (adjusted for size and gross margin).

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Diamond Dry Cleaning Centre Ltd is a live company located in london, W1F 7JY with a Companies House number of 07434312. It operates in the washing and (dry-)cleaning of textile and fur products sector, SIC Code 96010. Founded in November 2010, it's largest shareholder is allen groupe limited with a 100% stake. Diamond Dry Cleaning Centre Ltd is a established, micro sized company, Pomanda has estimated its turnover at £261.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Diamond Dry Cleaning Centre Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £261.3k, make it smaller than the average company (£507.6k)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.7%)

EXPORT

Diamond Dry Cleaning Centre Ltd's latest turnover from November 2023 is estimated at £261.3 thousand and the company has net assets of -£55.1 thousand. According to their latest financial statements, Diamond Dry Cleaning Centre Ltd has 3 employees and maintains cash reserves of £5.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Turnover	261,259	411,828	466,700	374,735	185,262	58,879	85,567	99,653	112,648	441,947	248,317	98,211	123,381
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	145,029	240,604	357,206	215,225	104,650	32,894	44,366	54,814	37,864	227,317	96,319	26,256	29,665
Gross Profit	116,230	171,225	109,494	159,510	80,613	25,985	41,201	44,839	74,784	214,630	151,998	71,955	93,716
Admin Expenses	175,592	236,444	67,362	133,106	-11,770	8,798	37,316	34,605	61,151	205,903	159,446	117,726	148,389
Operating Profit	-59,362	-65,219	42,132	26,404	92,383	17,187	3,885	10,234	13,633	8,727	-7,448	-45,771	-54,673
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	886	1,225	34	17	115	509	566	225	335	305	166	12	9
Pre-Tax Profit	-58,476	-63,994	42,165	26,421	92,499	17,696	4,451	10,459	13,968	9,032	-7,282	-45,759	-54,664
Tax	0	0	-8,011	-5,020	-17,575	-3,362	-846	-2,092	-2,793	-1,897	0	0	0
Profit After Tax	-58,476	-63,994	34,154	21,401	74,924	14,334	3,605	8,367	11,174	7,135	-7,282	-45,759	-54,664
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-58,476	-63,994	34,154	21,401	74,924	14,334	3,605	8,367	11,174	7,135	-7,282	-45,759	-54,664
Employee Costs	77,308	59,205	56,259	84,957	61,785	60,035	53,589	58,521	58,556	183,841	110,805	54,425	56,688
Number Of Employees	3	3	3	5	3	3	3	3	3	10	6	3	3
EBITDA*	-55,715	-60,356	44,833	30,005	95,783	21,720	9,500	17,054	23,257	21,559	9,528	-25,004	-30,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Tangible Assets	10,941	14,588	8,101	10,802	10,200	13,600	16,840	22,455	28,870	38,494	50,927	62,303	72,894
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	10,941	14,588	8,101	10,802	10,200	13,600	16,840	22,455	28,870	38,494	50,927	62,303	72,894
Stock & work in progress	0	0	0	0	2,392	2,392	2,392	2,392	2,500	0	0	0	0
Trade Debtors	55,372	102,699	110,546	94,155	47,068	1,081	9,701	13,010	23,146	34,075	12,557	4,609	8,524
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	19,438	19,339	15,019	15,019	15,231	3,464	3,081	5,725	2,903	0	0	0	0
Cash	5,265	30,176	51,505	15,733	18,549	12,195	123,511	102,805	77,173	56,733	65,241	1,305	3,427
misc current assets	0	519	625	0	0	0	0	0	0	0	0	0	0
total current assets	80,075	152,733	177,695	124,907	83,240	19,132	138,685	123,932	105,722	90,808	77,798	5,914	11,951
total assets	91,016	167,321	185,796	135,709	93,440	32,732	155,525	146,387	134,592	129,302	128,725	68,217	84,845
Bank overdraft	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
Trade Creditors	18,080	0	0	730	940	521	4,280	2,243	104	229,871	236,429	168,639	139,508
Group/Directors Accounts	116,693	116,693	56,693	56,693	56,693	0	220,649	218,867	0	0	0	0	0
other short term finances	0	0	0	0	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
other current liabilities	11,323	47,232	61,713	45,050	23,972	95,300	8,019	6,305	223,883	0	0	0	0
total current liabilities	146,096	163,925	118,406	102,473	81,605	95,821	232,948	227,415	223,987	229,871	236,429	168,639	139,508
loans	0	0	0	0	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	146,096	163,925	118,406	102,473	81,605	95,821	232,948	227,415	223,987	229,871	236,429	168,639	139,508
net assets	-55,080	3,396	67,390	33,236	11,835	-63,089	-77,423	-81,028	-89,395	-100,569	-107,704	-100,422	-54,663
total shareholders funds	-55,080	3,396	67,390	33,236	11,835	-63,089	-77,423	-81,028	-89,395	-100,569	-107,704	-100,422	-54,663

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Operating Activities
Operating Profit	-59,362	-65,219	42,132	26,404	92,383	17,187	3,885	10,234	13,633	8,727	-7,448	-45,771	-54,673
Depreciation	3,647	4,863	2,701	3,601	3,400	4,533	5,615	6,820	9,624	12,832	16,976	20,767	24,299
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-8,011	-5,020	-17,575	-3,362	-846	-2,092	-2,793	-1,897	0	0	0
Stock	0	0	0	-2,392	0	0	0	-108	2,500	0	0	0	0
Debtors	-47,228	-3,527	16,391	46,875	57,754	-8,237	-5,953	-7,314	-8,026	21,518	7,948	-3,915	8,524
Creditors	18,080	0	-730	-210	419	-3,759	2,037	2,139	-229,767	-6,558	67,790	29,131	139,508
Accruals and Deferred Income	-35,909	-14,481	16,663	21,078	-71,328	87,281	1,714	-217,578	223,883	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-26,316	-71,310	36,364	1,370	-50,455	110,117	18,358	-193,055	20,106	-8,414	69,370	8,042	100,610
Investing Activities
capital expenditure	0	-11,350	0	-4,203	0	-1,293	0	-405	0	-399	-5,600	-10,176	-97,193
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-11,350	0	-4,203	0	-1,293	0	-405	0	-399	-5,600	-10,176	-97,193
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	60,000	0	0	56,693	-220,649	1,782	218,867	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	886	1,225	34	17	115	509	566	225	335	305	166	12	9
cash flow from financing	886	61,225	34	17	56,808	-220,140	2,348	219,092	335	305	166	12	10
cash and cash equivalents
cash	-24,911	-21,329	35,772	-2,816	6,354	-111,316	20,706	25,632	20,440	-8,508	63,936	-2,122	3,427
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-24,911	-21,329	35,772	-2,816	6,354	-111,316	20,706	25,632	20,440	-8,508	63,936	-2,122	3,427

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIAMOND DRY CLEANING CENTRE LTD group structure

Diamond Dry Cleaning Centre Ltd has no subsidiary companies.

Ultimate parent company

DIAMOND DRY CLEANING CENTRE LTD

07434312

DIAMOND DRY CLEANING CENTRE LTD Shareholders

allen groupe limited

100%

Diamond Dry Cleaning Centre Ltd currently has 2 directors. The longest serving directors include Mr John Parnis (Nov 2019) and Mr Roderick Gillies (Nov 2019).

officer	country	age	start	end	role
Mr John Parnis	England	57 years	Nov 2019	-	Director
Mr Roderick Gillies	England	65 years	Nov 2019	-	Director

P&L

November 2023

turnover

261.3k

-37%

operating profit

-59.4k

gross margin

44.5%

+7%

turnover

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

Balance Sheet

November 2023

net assets

-55.1k

-17.22%

total assets

91k

-0.46%

cash

5.3k

-0.83%

net assets

Total assets minus all liabilities

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company number

07434312

Type

Private limited with Share Capital

industry

96010 - Washing and (dry-)cleaning of textile and fur products

incorporation date

November 2010

ultimate parent company

None

previous names

N/A

address

4th floor,, 58-59 great marlborough street, london, W1F 7JY

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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diamond dry cleaning centre ltd Company Information

diamond dry cleaning centre ltd Estimated Valuation

diamond dry cleaning centre ltd Estimated Valuation

diamond dry cleaning centre ltd Estimated Valuation

Diamond Dry Cleaning Centre Ltd Overview

Diamond Dry Cleaning Centre Ltd Health Check

DIAMOND DRY CLEANING CENTRE LTD financials

diamond dry cleaning centre ltd Credit Report and Business Information

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diamond dry cleaning centre ltd Ownership

diamond dry cleaning centre ltd directors

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