dragonfly venture group ltd Company Information
Company Number
07746818
Website
-Registered Address
32 portland terrace, newcastle, NE2 1QP
Industry
Manufacture of footwear
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Christopher Maughan13 Years
Shareholders
christopher patrick maughan (as trustee of the maughan family trust) 38.9%
christopher patrick maughan 26%
View Alldragonfly venture group ltd Estimated Valuation
Pomanda estimates the enterprise value of DRAGONFLY VENTURE GROUP LTD at £123.4m based on a Turnover of £108.6m and 1.14x industry multiple (adjusted for size and gross margin).
dragonfly venture group ltd Estimated Valuation
Pomanda estimates the enterprise value of DRAGONFLY VENTURE GROUP LTD at £183.3m based on an EBITDA of £20.2m and a 9.07x industry multiple (adjusted for size and gross margin).
dragonfly venture group ltd Estimated Valuation
Pomanda estimates the enterprise value of DRAGONFLY VENTURE GROUP LTD at £335.6m based on Net Assets of £104.2m and 3.22x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Dragonfly Venture Group Ltd Overview
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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Dragonfly Venture Group Ltd Health Check
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
7 Strong
2 Regular
3 Weak
Size
annual sales of £108.6m, make it larger than the average company (£14.7m)
£108.6m - Dragonfly Venture Group Ltd
£14.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (4.6%)
15% - Dragonfly Venture Group Ltd
4.6% - Industry AVG
Production
with a gross margin of 27%, this company has a higher cost of product (33.8%)
27% - Dragonfly Venture Group Ltd
33.8% - Industry AVG
Profitability
an operating margin of 18.6% make it more profitable than the average company (6.8%)
18.6% - Dragonfly Venture Group Ltd
6.8% - Industry AVG
Employees
with 28 employees, this is below the industry average (88)
28 - Dragonfly Venture Group Ltd
88 - Industry AVG
Pay Structure
on an average salary of £80.7k, the company has a higher pay structure (£36.1k)
£80.7k - Dragonfly Venture Group Ltd
£36.1k - Industry AVG
Efficiency
resulting in sales per employee of £3.9m, this is more efficient (£128.6k)
£3.9m - Dragonfly Venture Group Ltd
£128.6k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (39 days)
36 days - Dragonfly Venture Group Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (32 days)
32 days - Dragonfly Venture Group Ltd
32 days - Industry AVG
Stock Days
it holds stock equivalent to 64 days, this is less than average (162 days)
64 days - Dragonfly Venture Group Ltd
162 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 149 weeks, this is more cash available to meet short term requirements (14 weeks)
149 weeks - Dragonfly Venture Group Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.2%, this is a lower level of debt than the average (47.1%)
26.2% - Dragonfly Venture Group Ltd
47.1% - Industry AVG
DRAGONFLY VENTURE GROUP LTD financials
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 | 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 | 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 | |||||||||||||
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 |
dragonfly venture group ltd Credit Report and Business Information
Dragonfly Venture Group Ltd Competitor Analysis
Perform a competitor analysis for dragonfly venture group ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NE2 area or any other competitors across 12 key performance metrics.
dragonfly venture group ltd Ownership
DRAGONFLY VENTURE GROUP LTD group structure
Dragonfly Venture Group Ltd has 5 subsidiary companies.
Ultimate parent company
DRAGONFLY VENTURE GROUP LTD
07746818
5 subsidiaries
dragonfly venture group ltd directors
Dragonfly Venture Group Ltd currently has 1 director, Mr Christopher Maughan serving since Aug 2011.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Christopher Maughan | 61 years | Aug 2011 | - | Director |
P&L
March 2023turnover
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 2023net assets
104.2m
+0.21%
total assets
141.2m
+0.04%
cash
106.4m
+0.11%
net assets
Total assets minus all liabilities
dragonfly venture group ltd company details
company number
07746818
Type
Private limited with Share Capital
industry
15200 - Manufacture of footwear
incorporation date
August 2011
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
dragonfly venture golden dragon limited (October 2011)
accountant
-
auditor
ROBSON LAIDLER ACCOUNTANTS LIMITED
address
32 portland terrace, newcastle, NE2 1QP
Bank
HSBC BANK PLC
Legal Advisor
-
dragonfly venture group ltd 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 dragonfly venture group ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
dragonfly venture group ltd Companies House Filings - See Documents
date | description | view/download |
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