destination skin group limited
destination skin group limited Company Information
Company Number
07798135
Next Accounts
307 days late
Shareholders
lasercare clinics (harrogate) limited
Group Structure
View All
Industry
Specialist medical practice activities
+1Registered Address
c/o harveys insolvency & turnaro, 2 old bath road, newbury, berkshire, RG14 1QL
Website
www.destinationskin.comdestination skin group limited Estimated Valuation
Pomanda estimates the enterprise value of DESTINATION SKIN GROUP LIMITED at £2.7m based on a Turnover of £4.9m and 0.55x industry multiple (adjusted for size and gross margin).
destination skin group limited Estimated Valuation
Pomanda estimates the enterprise value of DESTINATION SKIN GROUP LIMITED at £0 based on an EBITDA of £-95k and a 4.01x industry multiple (adjusted for size and gross margin).
destination skin group limited Estimated Valuation
Pomanda estimates the enterprise value of DESTINATION SKIN GROUP LIMITED at £0 based on Net Assets of £-1.3m and 2.3x industry multiple (adjusted for liquidity).
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Destination Skin Group Limited Overview
Destination Skin Group Limited is a live company located in newbury, RG14 1QL with a Companies House number of 07798135. It operates in the specialists medical practice activities sector, SIC Code 86220. Founded in October 2011, it's largest shareholder is lasercare clinics (harrogate) limited with a 100% stake. Destination Skin Group Limited is a established, small sized company, Pomanda has estimated its turnover at £4.9m with healthy growth in recent years.
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Destination Skin Group Limited Health Check
Pomanda's financial health check has awarded Destination Skin Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £4.9m, make it larger than the average company (£510.1k)
£4.9m - Destination Skin Group Limited
£510.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.5%)
6% - Destination Skin Group Limited
4.5% - Industry AVG
Production
with a gross margin of 44.1%, this company has a comparable cost of product (47.9%)
44.1% - Destination Skin Group Limited
47.9% - Industry AVG
Profitability
an operating margin of -13.8% make it less profitable than the average company (13.3%)
-13.8% - Destination Skin Group Limited
13.3% - Industry AVG
Employees
with 89 employees, this is above the industry average (13)
89 - Destination Skin Group Limited
13 - Industry AVG
Pay Structure
on an average salary of £17.9k, the company has a lower pay structure (£25.6k)
£17.9k - Destination Skin Group Limited
£25.6k - Industry AVG
Efficiency
resulting in sales per employee of £55.1k, this is equally as efficient (£58.3k)
£55.1k - Destination Skin Group Limited
£58.3k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (29 days)
80 days - Destination Skin Group Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 179 days, this is slower than average (29 days)
179 days - Destination Skin Group Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is more than average (13 days)
30 days - Destination Skin Group Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (99 weeks)
1 weeks - Destination Skin Group Limited
99 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 129%, this is a higher level of debt than the average (29%)
129% - Destination Skin Group Limited
29% - Industry AVG
DESTINATION SKIN GROUP LIMITED financials
Destination Skin Group Limited's latest turnover from August 2022 is £4.9 million and the company has net assets of -£1.3 million. According to their latest financial statements, Destination Skin Group Limited has 89 employees and maintains cash reserves of £158 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,900,000 | 3,588,000 | 3,713,000 | 4,152,000 | 6,544,000 | 7,491,057 | 7,494,143 | 7,462,825 | 8,402,205 | 7,954,525 | 7,624,626 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 2,741,000 | 2,464,000 | 2,487,000 | 2,259,000 | 3,705,000 | 3,898,136 | 4,140,497 | 4,383,714 | 4,827,379 | 4,632,506 | 5,511,050 |
| Gross Profit | 2,159,000 | 1,124,000 | 1,226,000 | 1,893,000 | 2,839,000 | 3,592,921 | 3,353,646 | 3,079,111 | 3,574,826 | 3,322,019 | 2,113,576 |
| Admin Expenses | 2,836,000 | 2,499,000 | 2,908,000 | 2,778,000 | 4,854,000 | 4,101,508 | 4,152,903 | 5,002,652 | 5,083,048 | 5,032,305 | 5,318,326 |
| Operating Profit | -677,000 | -1,375,000 | -1,682,000 | -885,000 | -2,015,000 | -508,587 | -799,257 | -1,923,541 | -1,508,222 | -1,710,286 | -3,204,750 |
| Interest Payable | 12,000 | 19,000 | 46,973 | 68,606 | 91,194 | 71,331 | 41,029 | 43,565 | |||
| Interest Receivable | 1,000 | 49 | 46 | 57 | 2 | ||||||
| Pre-Tax Profit | -677,000 | -1,375,000 | -1,682,000 | -897,000 | -2,033,000 | -555,560 | -867,814 | -2,014,689 | -1,579,496 | -1,751,315 | -3,248,313 |
| Tax | -296,000 | 296,000 | 185,000 | 95,491 | 136,937 | 315,134 | 199,058 | 129,085 | |||
| Profit After Tax | -677,000 | -1,375,000 | -1,978,000 | -601,000 | -1,848,000 | -460,069 | -730,877 | -1,699,555 | -1,380,438 | -1,622,230 | -3,248,313 |
| Dividends Paid | |||||||||||
| Retained Profit | -677,000 | -1,375,000 | -1,978,000 | -601,000 | -1,848,000 | -460,069 | -730,877 | -1,699,555 | -1,380,438 | -1,622,230 | -3,248,313 |
| Employee Costs | 1,596,000 | 1,621,000 | 1,844,000 | 1,602,000 | 2,875,000 | 2,784,515 | 2,896,032 | 3,164,845 | 3,320,118 | 3,501,146 | 4,136,646 |
| Number Of Employees | 89 | 71 | 86 | 97 | 116 | 115 | 119 | 135 | 148 | 177 | 183 |
| EBITDA* | -95,000 | -821,000 | -1,075,000 | -511,000 | -1,367,000 | 183,323 | -164,311 | -1,212,446 | -745,646 | -758,274 | -2,180,278 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 490,000 | 697,000 | 939,000 | 1,204,000 | 1,225,000 | 1,283,272 | 1,517,897 | 1,478,652 | 1,941,645 | 1,339,026 | 1,884,418 |
| Intangible Assets | 2,254,000 | 2,532,000 | 2,767,000 | 3,051,000 | 3,240,000 | 4,379,713 | 4,725,076 | 5,070,439 | 5,534,192 | 5,895,852 | 6,262,049 |
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 2,744,000 | 3,229,000 | 3,706,000 | 4,255,000 | 4,465,000 | 5,662,985 | 6,242,973 | 6,549,091 | 7,475,837 | 7,234,878 | 8,146,467 |
| Stock & work in progress | 229,000 | 273,000 | 202,000 | 207,000 | 217,000 | 237,601 | 262,567 | 294,128 | 335,332 | 387,512 | 367,630 |
| Trade Debtors | 1,083,000 | 4,000 | 92,000 | 81,000 | 121,015 | 126,407 | 129,374 | 125,909 | 162,074 | 168,376 | |
| Group Debtors | 432,000 | 185,000 | 95,491 | 136,937 | 315,700 | 180,890 | 129,389 | ||||
| Misc Debtors | 357,000 | 262,000 | 363,000 | 743,000 | 546,000 | 683,522 | 506,276 | 425,419 | 535,725 | 475,175 | 394,754 |
| Cash | 158,000 | 162,000 | 175,000 | 178,000 | 252,000 | 181,967 | 222,706 | 381,899 | 258,931 | 162,812 | 356,531 |
| misc current assets | |||||||||||
| total current assets | 1,827,000 | 1,129,000 | 744,000 | 1,220,000 | 1,281,000 | 1,319,596 | 1,254,893 | 1,546,520 | 1,436,787 | 1,316,962 | 1,287,291 |
| total assets | 4,571,000 | 4,358,000 | 4,450,000 | 5,475,000 | 5,746,000 | 6,982,581 | 7,497,866 | 8,095,611 | 8,912,624 | 8,551,840 | 9,433,758 |
| Bank overdraft | 49,155 | ||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 1,348,000 | 267,000 | 517,000 | 344,000 | 346,000 | 366,653 | 266,950 | 315,125 | 392,453 | 234,036 | 350,088 |
| Group/Directors Accounts | 2,233,000 | 1,953,000 | 579,000 | 582,000 | 966,000 | 226,457 | 211,497 | 646,248 | 181,288 | 166,328 | 151,369 |
| other short term finances | |||||||||||
| hp & lease commitments | 65,000 | 151,094 | 196,226 | 154,030 | 135,903 | 104,143 | 184,983 | ||||
| other current liabilities | 2,205,000 | 2,502,000 | 2,343,000 | 1,710,000 | 1,776,000 | 1,735,381 | 1,701,213 | 2,119,785 | 2,389,208 | 2,738,041 | 3,330,808 |
| total current liabilities | 5,786,000 | 4,722,000 | 3,439,000 | 2,636,000 | 3,153,000 | 2,479,585 | 2,375,886 | 3,235,188 | 3,098,852 | 3,291,703 | 4,017,248 |
| loans | 2,450,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | ||||||
| hp & lease commitments | 59,000 | 121,793 | 280,708 | 238,274 | 392,068 | 7,995 | 112,138 | ||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 112,000 | 286,000 | 286,000 | 136,000 | |||||||
| total long term liabilities | 112,000 | 286,000 | 286,000 | 136,000 | 59,000 | 121,793 | 2,730,708 | 1,738,274 | 1,892,068 | 1,507,995 | 1,612,138 |
| total liabilities | 5,898,000 | 5,008,000 | 3,725,000 | 2,772,000 | 3,212,000 | 2,601,378 | 5,106,594 | 4,973,462 | 4,990,920 | 4,799,698 | 5,629,386 |
| net assets | -1,327,000 | -650,000 | 725,000 | 2,703,000 | 2,534,000 | 4,381,203 | 2,391,272 | 3,122,149 | 3,921,704 | 3,752,142 | 3,804,372 |
| total shareholders funds | -1,327,000 | -650,000 | 725,000 | 2,703,000 | 2,534,000 | 4,381,203 | 2,391,272 | 3,122,149 | 3,921,704 | 3,752,142 | 3,804,372 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -677,000 | -1,375,000 | -1,682,000 | -885,000 | -2,015,000 | -508,587 | -799,257 | -1,923,541 | -1,508,222 | -1,710,286 | -3,204,750 |
| Depreciation | 284,000 | 269,000 | 323,000 | 185,000 | 303,000 | 346,547 | 289,583 | 356,991 | 400,916 | 581,776 | 652,430 |
| Amortisation | 298,000 | 285,000 | 284,000 | 189,000 | 345,000 | 345,363 | 345,363 | 354,104 | 361,660 | 370,236 | 372,042 |
| Tax | -296,000 | 296,000 | 185,000 | 95,491 | 136,937 | 315,134 | 199,058 | 129,085 | |||
| Stock | -44,000 | 71,000 | -5,000 | -10,000 | -20,601 | 237,601 | 262,567 | -41,204 | -52,180 | 19,882 | 367,630 |
| Debtors | 746,000 | 327,000 | -468,000 | 23,000 | -88,028 | 900,028 | 769,620 | 27,969 | 75,886 | 203,508 | 563,130 |
| Creditors | 1,081,000 | -250,000 | 173,000 | -2,000 | -20,653 | 366,653 | 266,950 | -77,328 | 158,417 | -116,052 | 350,088 |
| Accruals and Deferred Income | -297,000 | 159,000 | 633,000 | -66,000 | 40,619 | 1,735,381 | 1,701,213 | -269,423 | -348,833 | -592,767 | 3,330,808 |
| Deferred Taxes & Provisions | -174,000 | 150,000 | 136,000 | ||||||||
| Cash flow from operations | -187,000 | -1,310,000 | 58,000 | -160,000 | -1,053,405 | 1,243,219 | 908,602 | -1,230,828 | -760,710 | -1,561,398 | 569,858 |
| Investing Activities | |||||||||||
| capital expenditure | -111,922 | -31,296 | -117,728 | -322,598 | -40,002 | -112,390 | |||||
| Change in Investments | |||||||||||
| cash flow from investments | -111,922 | -31,296 | -117,728 | -322,598 | -40,002 | -112,390 | |||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 280,000 | 1,374,000 | -3,000 | -384,000 | 739,543 | 226,457 | 211,497 | 464,960 | 14,960 | 14,959 | 151,369 |
| Other Short Term Loans | |||||||||||
| Long term loans | 2,450,000 | 1,500,000 | |||||||||
| Hire Purchase and Lease Commitments | -124,000 | -148,887 | 272,887 | 476,934 | -135,667 | 415,833 | -184,983 | 297,121 | |||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -12,000 | -18,000 | -46,973 | -68,557 | -91,148 | -71,274 | -41,029 | -43,563 | |||
| cash flow from financing | 280,000 | 1,374,000 | -3,000 | 250,000 | 573,453 | 5,293,643 | 6,192,023 | 1,138,145 | 1,909,519 | 1,358,947 | 8,957,612 |
| cash and cash equivalents | |||||||||||
| cash | -4,000 | -13,000 | -3,000 | -74,000 | 70,033 | 181,967 | 222,706 | 122,968 | 96,119 | -193,719 | 356,531 |
| overdraft | -49,155 | 49,155 | |||||||||
| change in cash | -4,000 | -13,000 | -3,000 | -74,000 | 70,033 | 181,967 | 222,706 | 122,968 | 145,274 | -242,874 | 356,531 |
destination skin group limited Credit Report and Business Information
Destination Skin Group Limited Competitor Analysis
Perform a competitor analysis for destination skin group limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in RG14 area or any other competitors across 12 key performance metrics.
destination skin group limited Ownership
DESTINATION SKIN GROUP LIMITED group structure
Destination Skin Group Limited has no subsidiary companies.
Ultimate parent company
2 parents
DESTINATION SKIN GROUP LIMITED
07798135
destination skin group limited directors
Destination Skin Group Limited currently has 3 directors. The longest serving directors include Mr Darren Grassby (May 2019) and Mr Jeremy Richardson (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Grassby | England | 49 years | May 2019 | - | Director |
| Mr Jeremy Richardson | England | 54 years | Feb 2024 | - | Director |
| Mr Harvey Ainley | England | 58 years | Feb 2024 | - | Director |
P&L
August 2022turnover
4.9m
+37%
operating profit
-677k
-51%
gross margin
44.1%
+40.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
-1.3m
+1.04%
total assets
4.6m
+0.05%
cash
158k
-0.02%
net assets
Total assets minus all liabilities
destination skin group limited company details
company number
07798135
Type
Private limited with Share Capital
industry
86220 - Specialist medical practice activities
86900 - Other human health activities
incorporation date
October 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2022
previous names
rm & ds 1 limited (March 2012)
accountant
-
auditor
GRANT THORNTON UK LLP
address
c/o harveys insolvency & turnaro, 2 old bath road, newbury, berkshire, RG14 1QL
Bank
SANTANDER UK PLC
Legal Advisor
KATTEN MUCHIN ROSENMAN UK LLP SHOOSMITHS
destination skin group 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 7 charges/mortgages relating to destination skin group limited. Currently there are 3 open charges and 4 have been satisfied in the past.
destination skin group 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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destination skin group limited Companies House Filings - See Documents
| date | description | view/download |
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