Dragonfly Venture Group Ltd

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dragonfly venture group ltd Company Information

Live

EstablishedMegaHealthy

Company Number

07746818

Website

Registered Address

32 portland terrace, newcastle, NE2 1QP

Industry

Manufacture of footwear

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Christopher Maughan12 Years

Shareholders

christopher patrick maughan (as trustee of the maughan family trust) 38.9%

christopher patrick maughan 26%

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dragonfly venture group ltd Estimated Valuation

£334.7m

Pomanda estimates the enterprise value of DRAGONFLY VENTURE GROUP LTD at £334.7m based on Net Assets of £104.2m and 3.21x industry multiple (adjusted for liquidity).

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Dragonfly Venture Group Ltd is a live company located in newcastle, NE2 1QP with a Companies House number of 07746818. It operates in the manufacture of footwear sector, SIC Code 15200. Founded in August 2011, it's largest shareholder is christopher patrick maughan (as trustee of the maughan family trust) with a 38.9% stake. Dragonfly Venture Group Ltd is a established, mega sized company, Pomanda has estimated its turnover at £108.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Dragonfly Venture Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £108.6m, make it larger than the average company (£14.7m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (4.6%)

EXPORT

Dragonfly Venture Group Ltd's latest turnover from March 2023 is £108.6 million and the company has net assets of £104.2 million. According to their latest financial statements, Dragonfly Venture Group Ltd has 28 employees and maintains cash reserves of £106.4 million 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
Turnover	108,588,631	124,186,995	75,634,795	72,093,023	77,283,163	76,887,614	75,696,074	74,825,211	65,141,444	55,090,547	36,991,854	34,073,624	40,740,970
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	79,273,398	86,624,825	54,711,727	51,477,937	55,172,334	57,157,868	56,645,057	56,911,025	49,337,115	41,738,740	27,403,391	21,823,581	27,137,385
Gross Profit	29,315,233	37,562,170	20,923,068	20,615,086	22,110,829	19,729,746	19,051,017	17,914,186	15,804,329	13,351,807	9,588,463	12,250,043	13,603,585
Admin Expenses	9,117,407	8,701,017	8,407,237	4,798,991	2,986,118	9,090,436	358,760	4,441,369	697,894	6,847,563	2,460,288	3,322,246	5,127,152
Operating Profit	20,197,826	28,861,153	12,515,831	15,816,095	19,124,711	10,639,310	18,692,257	13,472,817	15,106,435	6,504,244	7,128,175	8,927,797	8,476,433
Interest Payable	18,082	8,922	17,140	2,372	237	7,187	11,630	41,437	14,413	46,865	77,045	42,810	15,239
Interest Receivable	2,370,532	220,655	439,139	1,384,708	1,151,503	763,300	181,927	100,452	111,764	132,171	29,929	32,454	18,125
Pre-Tax Profit	22,654,007	29,153,457	13,041,248	17,264,613	20,339,943	11,448,240	18,942,370	13,575,713	15,256,192	6,661,027	7,081,059	8,917,441	8,479,319
Tax	-4,717,292	-5,304,278	-2,535,802	-3,436,013	-3,959,415	-1,800,237	-3,645,267	-2,662,274	-3,458,340	-1,571,547	-1,865,574	-3,710,380	-1,006,686
Profit After Tax	17,936,715	23,849,179	10,505,446	13,828,600	16,380,528	9,648,003	15,297,103	10,913,439	11,797,852	5,089,480	5,215,485	5,207,061	7,472,633
Dividends Paid	34,341	4,080,358	0	0	0	16,500	0	9,073,526	2,550,000	0	0	0	250,000
Retained Profit	17,902,844	19,768,821	10,505,446	13,828,600	16,380,528	9,631,503	15,297,103	1,839,913	9,247,852	5,030,075	4,975,485	4,649,070	6,753,130
Employee Costs	2,259,720	2,233,694	1,502,280	1,375,541	19,551,604	1,044,487	1,015,200	2,088,999	2,201,412	1,251,668	975,023	1,188,713	1,151,146
Number Of Employees	28	26	18	16	620	14	17	15	16	15	12	9	9
EBITDA*	20,209,897	28,874,811	12,528,967	15,827,085	19,124,711	10,676,010	18,736,901	13,517,461	15,150,602	6,534,703	7,158,139	8,959,949	8,480,635

* 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
Tangible Assets	6,488	24,155	28,414	41,550	0	0	1,180	10,304	15,890	1,443,701	1,406,071	1,440,286	1,409,245
Intangible Assets	0	0	0	0	0	35,520	71,040	106,560	142,080	0	0	0	0
Investments & Other	5,422,708	5,745,681	5,477,449	4,688,471	5,021,907	4,809,803	4,809,170	6,656,386	6,723,250	5,729,664	5,504,322	4,277,017	1,159,410
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	5,429,196	5,769,836	5,505,863	4,730,021	5,021,907	4,845,323	4,881,390	6,773,250	6,881,220	7,173,365	6,910,393	5,717,303	2,568,655
Stock & work in progress	14,039,449	10,203,175	5,354,568	5,213,739	3,890,578	2,741,872	2,860,195	2,579,468	1,735,048	1,786,336	2,737,427	2,523,271	1,661,952
Trade Debtors	10,901,699	20,144,063	12,615,150	10,018,845	9,468,630	8,015,460	8,420,338	7,536,980	7,136,337	6,600,845	4,479,926	5,346,568	5,802,657
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,397,712	3,097,061	3,733,392	745,606	0	4,274,292	433,318	1,053,250	3,737,466	4,320,276	868,487	153,476	760,479
Cash	106,411,231	96,022,548	80,476,576	81,041,766	69,888,287	49,605,456	50,151,108	40,305,390	31,003,730	17,989,613	17,320,955	12,017,397	10,139,389
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	135,750,091	129,466,847	102,179,686	97,019,956	83,247,495	64,637,080	61,864,959	51,475,088	43,612,581	30,697,070	25,406,795	20,040,712	18,364,477
total assets	141,179,287	135,236,683	107,685,549	101,749,977	88,269,402	69,482,403	66,746,349	58,248,338	50,493,801	37,870,435	32,317,188	25,758,015	20,933,132
Bank overdraft	155	152	144	74	0	3	0	0	0	0	0	204,247	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	6,967,999	4,749,901	1,901,636	2,462,154	11,952,974	3,586,217	3,967,490	4,951,738	4,303,130	3,535,502	2,863,603	2,283,991	2,862,131
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	237,470	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	29,726,328	44,155,290	39,183,770	43,175,825	0	5,929,284	12,412,264	16,669,420	11,337,788	9,266,206	9,374,932	7,926,609	5,382,523
total current liabilities	36,931,952	48,905,343	41,085,550	45,638,053	11,952,974	9,515,504	16,379,754	21,621,158	15,640,918	12,801,708	12,238,535	10,414,847	8,244,654
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	40,000	280,000	2,274,377
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	82,541	69,390	106,870	124,241	143,495	174,494	205,693	252,257	317,873	0	0	0	0
total long term liabilities	82,541	69,390	106,870	124,241	143,495	174,494	205,693	252,257	317,873	0	40,000	280,000	2,274,377
total liabilities	37,014,493	48,974,733	41,192,420	45,762,294	12,096,469	9,689,998	16,585,447	21,873,415	15,958,791	12,801,708	12,278,535	10,694,847	10,519,031
net assets	104,164,794	86,261,950	66,493,129	55,987,683	76,172,933	59,792,405	50,160,902	36,374,923	34,535,010	25,068,727	20,038,653	15,063,168	10,414,101
total shareholders funds	104,164,794	86,261,950	66,493,129	55,987,683	76,172,933	59,792,405	50,160,902	36,374,923	34,535,010	25,068,727	20,038,653	15,063,168	10,414,101

	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
Operating Activities
Operating Profit	20,197,826	28,861,153	12,515,831	15,816,095	19,124,711	10,639,310	18,692,257	13,472,817	15,106,435	6,504,244	7,128,175	8,927,797	8,476,433
Depreciation	12,071	13,658	13,136	10,990	0	1,180	9,124	9,124	8,647	30,459	29,964	32,152	4,202
Amortisation	0	0	0	0	0	35,520	35,520	35,520	35,520	0	0	0	0
Tax	-4,717,292	-5,304,278	-2,535,802	-3,436,013	-3,959,415	-1,800,237	-3,645,267	-2,662,274	-3,458,340	-1,571,547	-1,865,574	-3,710,380	-1,006,686
Stock	3,836,274	4,848,607	140,829	1,323,161	1,148,706	-118,323	280,727	844,420	-51,288	-951,091	214,156	861,319	1,661,952
Debtors	-7,941,713	6,892,582	5,584,091	1,295,821	-2,821,122	3,436,096	263,426	-2,283,573	-47,318	5,572,708	-151,631	-1,063,092	6,563,136
Creditors	2,218,098	2,848,265	-560,518	-9,490,820	8,366,757	-381,273	-984,248	648,608	767,628	671,899	579,612	-578,140	2,862,131
Accruals and Deferred Income	-14,428,962	4,971,520	-3,992,055	43,175,825	-5,929,284	-6,482,980	-4,257,156	5,331,632	2,071,582	-148,726	1,208,323	549,709	7,656,900
Deferred Taxes & Provisions	13,151	-37,480	-17,371	-19,254	-30,999	-31,199	-46,564	-65,616	317,873	0	0	0	0
Cash flow from operations	7,400,331	19,611,649	-301,699	43,437,841	19,244,186	-1,337,452	9,259,513	18,208,964	14,947,951	864,712	7,017,975	5,422,911	9,767,892
Investing Activities
capital expenditure	0	0	0	0	-103,853	-110,393	-65,402	-74,838	841,563	-232,444	-995,749	-3,563,193	-1,400,000
Change in Investments	-322,973	268,232	788,978	-333,436	212,104	633	-1,847,216	-66,864	993,586	225,342	1,227,305	3,117,607	1,159,410
cash flow from investments	322,973	-268,232	-788,978	333,436	-315,957	-111,026	1,781,814	-7,974	-152,023	-457,786	-2,223,054	-6,680,800	-2,559,410
Financing Activities
Bank loans	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
Other Short Term Loans	237,470	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	-34,013,850	0	0	-1,511,124	0	218,431	-1	0	-3	3,660,971
interest	2,352,450	211,733	421,999	1,382,336	1,151,266	756,113	170,297	59,015	97,351	85,306	-47,116	-10,356	2,886
cash flow from financing	2,589,920	211,733	421,999	-32,631,514	1,151,266	756,113	-1,340,827	59,015	315,782	85,305	-47,116	-10,359	3,663,857
cash and cash equivalents
cash	10,388,683	15,545,972	-565,190	11,153,479	20,282,831	-545,652	9,845,718	9,301,660	13,014,117	668,658	5,303,558	1,878,008	10,139,389
overdraft	3	8	70	74	-3	3	0	0	0	0	-204,247	204,247	0
change in cash	10,388,680	15,545,964	-565,260	11,153,405	20,282,834	-545,655	9,845,718	9,301,660	13,014,117	668,658	5,507,805	1,673,761	10,139,389

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRAGONFLY VENTURE GROUP LTD group structure

Dragonfly Venture Group Ltd has 5 subsidiary companies.

Ultimate parent company

DRAGONFLY VENTURE GROUP LTD

07746818

5 subsidiaries

W.I.P. (WORKWEAR) LIMITED

06213038

GOLDEN DRAGON FOOTWEAR LIMITED

07036378

W.I.P (WORK IN PROGRESS) LIMITED

04715981

DRAGONFLY VENTURE (TRADING) LIMITED

07482162

DRAGONFLY VENTURE (UK) LIMITED

05195337

DRAGONFLY VENTURE GROUP LTD Shareholders

christopher patrick maughan (as trustee of the maughan family trust)	38.9%
christopher patrick maughan	26%
radlett holdings limited	25.1%
jack patrick maughan	5%
joseph thomson maughan	5%

Dragonfly Venture Group Ltd currently has 1 director, Mr Christopher Maughan serving since Aug 2011.

officer	country	age	start	end	role
Mr Christopher Maughan		60 years	Aug 2011	-	Director

P&L

March 2023

turnover

108.6m

-13%

operating profit

20.2m

-30%

gross margin

27%

-10.74%

turnover

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

Balance Sheet

March 2023

net assets

104.2m

+0.21%

total assets

141.2m

+0.04%

cash

106.4m

+0.11%

net assets

Total assets minus all liabilities

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company number

07746818

Type

Private limited with Share Capital

industry

15200 - Manufacture of footwear

incorporation date

August 2011

age

accounts

Group

ultimate parent company

None

previous names

dragonfly venture golden dragon limited (October 2011)

incorporated

address

32 portland terrace, newcastle, NE2 1QP

last accounts submitted

March 2023

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 dragonfly venture group ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

dragonfly venture group ltd Company Information

dragonfly venture group ltd Estimated Valuation

dragonfly venture group ltd Estimated Valuation

dragonfly venture group ltd Estimated Valuation

Dragonfly Venture Group Ltd Overview

Dragonfly Venture Group Ltd Health Check

DRAGONFLY VENTURE GROUP LTD financials

dragonfly venture group ltd Credit Report and Business Information

Dragonfly Venture Group Ltd Competitor Analysis

dragonfly venture group ltd Ownership

dragonfly venture group ltd directors

dragonfly venture group ltd company details

dragonfly venture group ltd Charges & Mortgages

dragonfly venture group ltd Companies House Filings - See Documents