drsp limited
drsp limited Company Information
Company Number
07678656
Next Accounts
1364 days late
Shareholders
drsp holdings limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
stamford house northenden road, sale, manchester, M33 2DH
Website
www.drspclaims.co.ukdrsp limited Estimated Valuation
Pomanda estimates the enterprise value of DRSP LIMITED at £461.4k based on a Turnover of £542.5k and 0.85x industry multiple (adjusted for size and gross margin).
drsp limited Estimated Valuation
Pomanda estimates the enterprise value of DRSP LIMITED at £0 based on an EBITDA of £-137.9k and a 2.93x industry multiple (adjusted for size and gross margin).
drsp limited Estimated Valuation
Pomanda estimates the enterprise value of DRSP LIMITED at £367.4k based on Net Assets of £281.6k and 1.31x industry multiple (adjusted for liquidity).
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Drsp Limited Overview
Drsp Limited is a live company located in manchester, M33 2DH with a Companies House number of 07678656. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 2011, it's largest shareholder is drsp holdings limited with a 100% stake. Drsp Limited is a established, small sized company, Pomanda has estimated its turnover at £542.5k with declining growth in recent years.
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Drsp Limited Health Check
Pomanda's financial health check has awarded Drsp Limited 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
3 Strong
2 Regular
6 Weak
Size
annual sales of £542.5k, make it smaller than the average company (£3.6m)
- Drsp Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (6%)
- Drsp Limited
6% - Industry AVG
Production
with a gross margin of 19.3%, this company has a higher cost of product (59.6%)
- Drsp Limited
59.6% - Industry AVG
Profitability
an operating margin of -36.4% make it less profitable than the average company (10.2%)
- Drsp Limited
10.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
- Drsp Limited
12 - Industry AVG
Pay Structure
on an average salary of £69.6k, the company has an equivalent pay structure (£69.6k)
- Drsp Limited
£69.6k - Industry AVG
Efficiency
resulting in sales per employee of £271.2k, this is more efficient (£196.3k)
- Drsp Limited
£196.3k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (38 days)
- Drsp Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 549 days, this is slower than average (47 days)
- Drsp Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Drsp Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (32 weeks)
51 weeks - Drsp Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.6%, this is a similar level of debt than the average (66.9%)
70.6% - Drsp Limited
66.9% - Industry AVG
DRSP LIMITED financials
Drsp Limited's latest turnover from June 2019 is estimated at £542.5 thousand and the company has net assets of £281.6 thousand. According to their latest financial statements, we estimate that Drsp Limited has 2 employees and maintains cash reserves of £653.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 148,649 | 89,687 | 170,854 | 239,389 | 205,574 | 144,904 | 92,622 | |
| Intangible Assets | 600,051 | |||||||
| Investments & Other | 380,498 | 1 | ||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 148,649 | 470,185 | 170,855 | 239,389 | 205,574 | 144,904 | 92,622 | 600,051 |
| Stock & work in progress | ||||||||
| Trade Debtors | 154,708 | 141,021 | 550,377 | 616,485 | 992,799 | 718,068 | 322,808 | 789,518 |
| Group Debtors | ||||||||
| Misc Debtors | ||||||||
| Cash | 653,290 | 1,618,640 | 31,315 | 50,737 | 375,578 | 236,624 | 63,376 | 448,623 |
| misc current assets | ||||||||
| total current assets | 807,998 | 1,759,661 | 581,692 | 667,222 | 1,368,377 | 954,692 | 386,184 | 1,238,141 |
| total assets | 956,647 | 2,229,846 | 752,547 | 906,611 | 1,573,951 | 1,099,596 | 478,806 | 1,838,192 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 659,262 | 1,743,362 | 579,621 | 498,799 | 955,548 | 463,463 | 1,835,205 | |
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | ||||||||
| total current liabilities | 659,262 | 1,743,362 | 579,621 | 498,799 | 955,548 | 463,463 | 1,835,205 | |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 53,813 | 705,658 | ||||||
| provisions | 15,832 | 30,989 | 45,986 | 38,809 | 27,477 | 2,471 | ||
| total long term liabilities | 15,832 | 15,832 | 84,802 | 45,986 | 38,809 | 733,135 | 2,471 | |
| total liabilities | 675,094 | 1,759,194 | 664,423 | 544,785 | 994,357 | 733,135 | 465,934 | 1,835,205 |
| net assets | 281,553 | 470,652 | 88,124 | 361,826 | 579,594 | 366,461 | 12,872 | 2,987 |
| total shareholders funds | 281,553 | 470,652 | 88,124 | 361,826 | 579,594 | 366,461 | 12,872 | 2,987 |
| Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 59,721 | 82,866 | 99,496 | 103,466 | 66,606 | 39,500 | 12,526 | |
| Amortisation | 525,680 | 381,850 | ||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 13,687 | -409,356 | -66,108 | -376,314 | 274,731 | 395,260 | -466,710 | 789,518 |
| Creditors | -1,084,100 | 1,163,741 | 80,822 | -456,749 | 955,548 | -463,463 | -1,371,742 | 1,835,205 |
| Accruals and Deferred Income | ||||||||
| Deferred Taxes & Provisions | -15,832 | -15,157 | -14,997 | 7,177 | 11,332 | 25,006 | 2,471 | |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -380,498 | 380,497 | 1 | |||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -53,813 | 53,813 | -705,658 | 705,658 | ||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -965,350 | 1,587,325 | -19,422 | -324,841 | 138,954 | 173,248 | -385,247 | 448,623 |
| overdraft | ||||||||
| change in cash | -965,350 | 1,587,325 | -19,422 | -324,841 | 138,954 | 173,248 | -385,247 | 448,623 |
drsp limited Credit Report and Business Information
Drsp Limited Competitor Analysis
Perform a competitor analysis for drsp limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in M33 area or any other competitors across 12 key performance metrics.
drsp limited Ownership
DRSP LIMITED group structure
Drsp Limited has 1 subsidiary company.
Ultimate parent company
1 parent
DRSP LIMITED
07678656
1 subsidiary
drsp limited directors
Drsp Limited currently has 3 directors. The longest serving directors include Mrs Elizabeth Robinson (Jun 2011) and Mrs Angela Walker (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Elizabeth Robinson | 55 years | Jun 2011 | - | Director | |
| Mrs Angela Walker | 51 years | May 2020 | - | Director | |
| Mr David Shalom | 58 years | May 2020 | - | Director |
P&L
June 2019turnover
542.5k
-30%
operating profit
-197.6k
0%
gross margin
19.3%
-14.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2019net assets
281.6k
-0.4%
total assets
956.6k
-0.57%
cash
653.3k
-0.6%
net assets
Total assets minus all liabilities
drsp limited company details
company number
07678656
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
June 2011
age
14
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
June 2019
previous names
iva service provider limited (November 2011)
accountant
-
auditor
-
address
stamford house northenden road, sale, manchester, M33 2DH
Bank
-
Legal Advisor
-
drsp 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 1 charges/mortgages relating to drsp limited. Currently there are 1 open charges and 0 have been satisfied in the past.
drsp 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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drsp limited Companies House Filings - See Documents
| date | description | view/download |
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