dewhirst house westgate, driffield, east yorkshire, YO25 6TH
Website
-
drifford group limitedEstimated Valuation
£179.3m
Pomanda estimates the enterprise value of DRIFFORD GROUP LIMITED at £179.3m based on a Turnover of £202.3m and 0.89x industry multiple (adjusted for size and gross margin).
drifford group limitedEstimated Valuation
£130.2m
Pomanda estimates the enterprise value of DRIFFORD GROUP LIMITED at £130.2m based on an EBITDA of £18.6m and a 7.01x industry multiple (adjusted for size and gross margin).
drifford group limitedEstimated Valuation
£68.1m
Pomanda estimates the enterprise value of DRIFFORD GROUP LIMITED at £68.1m based on Net Assets of £32.3m and 2.11x industry multiple (adjusted for liquidity).
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Drifford Group LimitedOverview
Drifford Group Limited is a live company located in east yorkshire, YO25 6TH with a Companies House number of 07998509. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2012, it's largest shareholder is
dewhirst holdco limited
with a 100% stake. Drifford Group Limited is a established,
mega sized company, Pomanda has estimated its turnover at
£202.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Drifford Group Limited 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 £202.3m, make it larger than the average company (£20.9m)
£202.3m - Drifford Group Limited
£20.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8.4%)
14% - Drifford Group Limited
8.4% - Industry AVG
Production
with a gross margin of 19.4%, this company has a higher cost of product (33.5%)
19.4% - Drifford Group Limited
33.5% - Industry AVG
Profitability
an operating margin of 7% make it more profitable than the average company (5.7%)
7% - Drifford Group Limited
5.7% - Industry AVG
Employees
with 8955 employees, this is above the industry average (115)
8955 - Drifford Group Limited
115 - Industry AVG
Pay Structure
on an average salary of £5.4k, the company has a lower pay structure (£48.7k)
£5.4k - Drifford Group Limited
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £22.6k, this is less efficient (£195.2k)
£22.6k - Drifford Group Limited
£195.2k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (44 days)
46 days - Drifford Group Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (42 days)
65 days - Drifford Group Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is less than average (47 days)
28 days - Drifford Group Limited
47 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 17 weeks, this is average cash available to meet short term requirements (16 weeks)
17 weeks - Drifford Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71%, this is a higher level of debt than the average (54.7%)
71% - Drifford Group Limited
54.7% - Industry AVG
DRIFFORD GROUP LIMITED financials
EXPORT
Drifford Group Limited's latest turnover from January 2024 is £202.3 million and the company has net assets of £32.3 million. According to their latest financial statements, Drifford Group Limited has 8,955 employees and maintains cash reserves of £17.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2024
Jan 2023
Jan 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Turnover
202,257,000
242,731,000
148,101,000
136,484,000
182,648,000
170,390,000
194,170,000
206,114,000
193,458,000
204,018,000
255,613,000
157,671,000
Other Income Or Grants
Cost Of Sales
163,046,000
210,292,000
126,809,000
121,796,000
161,173,000
153,061,000
175,116,000
189,372,000
174,099,000
181,004,000
221,061,000
137,998,000
Gross Profit
39,211,000
32,439,000
21,292,000
14,688,000
21,475,000
17,329,000
19,054,000
16,742,000
19,359,000
23,014,000
34,552,000
19,673,000
Admin Expenses
24,989,000
22,149,000
17,723,000
17,654,000
19,031,000
15,241,000
22,183,000
16,938,000
17,531,000
23,496,000
26,536,000
12,613,000
Operating Profit
14,222,000
10,290,000
3,569,000
-2,966,000
2,444,000
2,088,000
-3,129,000
-196,000
1,828,000
-482,000
8,016,000
7,060,000
Interest Payable
1,075,000
2,970,000
3,192,000
3,374,000
3,817,000
4,325,000
4,232,000
3,848,000
3,268,000
3,536,000
5,939,000
3,118,000
Interest Receivable
955,000
528,000
18,176,000
346,000
699,000
10,279
322,000
177,000
234,000
2,000
10,000
7,000
Pre-Tax Profit
14,102,000
7,848,000
29,556,000
-5,994,000
-674,000
-1,705,000
-7,039,000
-3,867,000
-1,206,000
-3,098,000
2,087,000
3,871,000
Tax
-3,668,000
-811,000
-2,217,000
-386,000
-2,405,000
-635,000
-218,000
199,000
-402,000
-523,000
-3,366,000
-2,711,000
Profit After Tax
10,434,000
7,037,000
27,339,000
-6,380,000
-3,079,000
-2,340,000
-7,257,000
-3,668,000
-1,608,000
-3,621,000
-1,279,000
1,160,000
Dividends Paid
145,000
Retained Profit
10,434,000
7,037,000
27,339,000
-6,380,000
-3,079,000
-2,340,000
-7,257,000
-3,668,000
-1,608,000
-3,759,000
-1,255,000
1,109,000
Employee Costs
48,047,000
49,647,000
36,103,000
35,165,000
43,667,000
35,120,000
39,419,000
42,541,000
39,477,000
43,854,000
43,640,000
25,085,000
Number Of Employees
8,955
10,147
9,480
8,400
9,749
9,093
11,059
12,103
12,124
14,674
15,323
13,885
EBITDA*
18,567,000
14,695,000
7,975,000
1,994,000
7,386,000
4,430,000
2,770,000
5,767,000
7,554,000
5,437,000
13,359,000
10,344,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024
Jan 2023
Jan 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Tangible Assets
8,780,000
7,217,000
5,853,000
7,085,000
8,887,000
41,163,000
10,663,000
19,283,000
17,208,000
17,662,000
18,876,000
19,580,000
Intangible Assets
25,266,000
28,274,000
31,282,000
34,290,000
37,357,000
40,365,000
43,373,000
46,382,000
49,390,000
52,456,000
55,465,000
60,400,000
Investments & Other
13,740,000
15,551,000
35,033,000
30,800,000
28,100,000
26,299,000
18,200,000
12,100,000
10,300,000
948,000
4,004,000
Debtors (Due After 1 year)
2,178,000
2,641,000
2,083,000
Total Fixed Assets
47,786,000
51,042,000
72,168,000
72,175,000
74,344,000
81,528,000
82,513,000
86,506,000
80,781,000
80,418,000
75,289,000
83,984,000
Stock & work in progress
12,616,000
22,589,000
17,221,000
13,490,000
15,487,000
15,873,000
14,877,000
24,314,000
20,863,000
18,573,000
18,601,000
27,745,000
Trade Debtors
25,497,000
23,345,000
23,403,000
14,407,000
19,569,000
17,483,000
19,222,000
14,071,000
10,210,000
19,089,000
19,953,000
28,642,000
Group Debtors
Misc Debtors
3,924,000
4,170,000
2,494,000
4,292,000
5,513,000
5,198,000
4,765,000
3,877,000
5,137,000
6,436,000
Cash
17,498,000
5,786,000
1,202,000
393,000
1,398,000
1,430,000
1,311,000
1,702,000
3,259,000
2,360,000
5,570,000
3,604,000
misc current assets
4,000,000
4,000,000
4,204,000
116,000
total current assets
63,535,000
59,890,000
44,320,000
32,582,000
41,967,000
40,700,000
44,813,000
44,968,000
38,209,000
40,022,000
49,261,000
66,427,000
total assets
111,321,000
110,932,000
116,488,000
104,757,000
116,311,000
122,228,000
127,326,000
131,474,000
118,990,000
120,440,000
124,550,000
150,411,000
Bank overdraft
222,000
338,000
1,225,000
11,580,000
1,180,000
3,208,000
1,213,000
4,740,000
868,000
689,000
Bank loan
3,000,000
6,811,000
7,241,000
8,357,000
6,852,000
3,659,000
3,024,000
3,376,000
5,486,000
Trade Creditors
29,200,000
35,504,000
31,013,000
22,322,000
31,479,000
30,772,000
34,015,000
28,069,000
35,590,000
30,404,000
40,930,000
36,862,000
Group/Directors Accounts
other short term finances
2,500,000
2,500,000
53,000
134,000
48,000
10,000
43,279,000
10,000
10,000
20,000
hp & lease commitments
other current liabilities
20,767,000
21,700,000
18,836,000
15,035,000
13,924,000
13,778,000
18,927,000
19,163,000
21,828,000
26,048,000
30,257,000
total current liabilities
52,467,000
59,704,000
53,124,000
44,506,000
53,869,000
55,105,000
57,378,000
57,066,000
102,904,000
60,006,000
71,232,000
73,314,000
loans
18,758,000
20,020,000
22,824,000
55,888,000
53,484,000
55,498,000
55,977,000
44,583,000
44,086,000
62,465,000
hp & lease commitments
Accruals and Deferred Income
931,000
981,000
other liabilities
provisions
3,211,000
2,039,000
7,201,000
3,665,000
3,284,000
4,742,000
2,753,000
7,886,000
7,749,000
5,002,000
5,948,000
total long term liabilities
26,516,000
26,282,000
33,088,000
62,286,000
58,929,000
59,721,000
62,483,000
64,514,000
7,886,000
52,332,000
49,088,000
68,413,000
total liabilities
78,983,000
85,986,000
86,212,000
106,792,000
112,798,000
114,826,000
119,861,000
121,580,000
110,790,000
112,338,000
120,320,000
141,727,000
net assets
32,338,000
24,946,000
30,276,000
-2,035,000
3,513,000
7,402,000
7,465,000
9,894,000
8,200,000
8,102,000
4,078,000
8,408,000
total shareholders funds
32,338,000
24,946,000
30,276,000
-2,035,000
3,513,000
7,402,000
7,465,000
9,894,000
8,200,000
8,102,000
4,078,000
8,408,000
Jan 2024
Jan 2023
Jan 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Operating Activities
Operating Profit
14,222,000
10,290,000
3,569,000
-2,966,000
2,444,000
2,088,000
-3,129,000
-196,000
1,828,000
-482,000
8,016,000
7,060,000
Depreciation
1,337,000
1,397,000
1,398,000
1,893,000
1,934,000
2,342,000
2,890,000
2,955,000
2,660,000
2,910,000
2,335,000
1,384,000
Amortisation
3,008,000
3,008,000
3,008,000
3,067,000
3,008,000
3,009,000
3,008,000
3,066,000
3,009,000
3,008,000
1,900,000
Tax
-3,668,000
-811,000
-2,217,000
-386,000
-2,405,000
-635,000
-218,000
199,000
-402,000
-523,000
-3,366,000
-2,711,000
Stock
-9,973,000
5,368,000
3,731,000
-1,997,000
-386,000
996,000
-9,437,000
3,451,000
2,290,000
-28,000
-9,144,000
27,745,000
Debtors
1,906,000
1,618,000
7,198,000
-6,383,000
7,599,000
-9,115,000
5,121,000
5,307,000
-2,919,000
-6,001,000
-9,988,000
35,078,000
Creditors
-6,304,000
4,491,000
8,691,000
-9,157,000
707,000
-3,243,000
5,946,000
-7,521,000
5,186,000
-10,526,000
4,068,000
36,862,000
Accruals and Deferred Income
-983,000
3,845,000
3,801,000
1,111,000
13,924,000
-13,778,000
-5,149,000
-236,000
-2,665,000
-4,220,000
-4,209,000
30,257,000
Deferred Taxes & Provisions
1,172,000
-5,162,000
3,536,000
381,000
3,284,000
-4,742,000
1,989,000
-5,133,000
137,000
2,747,000
-946,000
5,948,000
Cash flow from operations
16,851,000
10,072,000
10,857,000
2,323,000
15,683,000
-9,849,000
9,654,000
-15,682,000
10,439,000
-1,056,000
28,038,000
17,877,000
Investing Activities
capital expenditure
-29,834,000
-219,000
-2,880,000
-1,808,000
-593,000
Change in Investments
-1,811,000
-19,482,000
4,233,000
2,700,000
28,100,000
-26,299,000
8,099,000
6,100,000
1,800,000
9,352,000
-3,056,000
4,004,000
cash flow from investments
1,811,000
19,482,000
-4,233,000
-2,700,000
-28,100,000
-3,535,000
-8,318,000
-8,980,000
-1,800,000
-9,352,000
1,248,000
-4,597,000
Financing Activities
Bank loans
-3,000,000
-3,811,000
-430,000
7,241,000
-8,357,000
1,505,000
3,193,000
635,000
-352,000
-2,110,000
5,486,000
Group/Directors Accounts
Other Short Term Loans
2,447,000
53,000
-134,000
86,000
38,000
-43,269,000
43,269,000
-10,000
20,000
Long term loans
-1,262,000
-2,804,000
-33,064,000
2,404,000
53,484,000
-55,498,000
-479,000
55,977,000
-44,583,000
497,000
-18,379,000
62,465,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-3,042,000
-12,367,000
4,972,000
832,000
-810,000
2,277,000
4,828,000
5,362,000
1,706,000
7,783,000
-3,075,000
7,299,000
interest
-120,000
-2,442,000
14,984,000
-3,028,000
-3,118,000
-4,314,721
-3,910,000
-3,671,000
-3,034,000
-3,534,000
-5,929,000
-3,111,000
cash flow from financing
-4,424,000
-18,166,000
-16,866,000
-222,000
56,663,000
-65,806,721
1,982,000
17,592,000
-2,007,000
4,394,000
-29,503,000
72,159,000
cash and cash equivalents
cash
11,712,000
4,584,000
809,000
-1,005,000
-32,000
119,000
-391,000
-1,557,000
899,000
-3,210,000
1,966,000
3,604,000
overdraft
-222,000
-116,000
-887,000
-10,355,000
10,400,000
-2,028,000
1,995,000
-3,527,000
3,872,000
179,000
689,000
change in cash
11,712,000
4,806,000
925,000
-118,000
10,323,000
-10,281,000
1,637,000
-3,552,000
4,426,000
-7,082,000
1,787,000
2,915,000
drifford group limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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dewhirst house westgate, driffield, east yorkshire, YO25 6TH
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drifford 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 3 charges/mortgages relating to drifford group limited. Currently there are 2 open charges and 1 have been satisfied in the past.
drifford 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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drifford group limitedCompanies House Filings - See Documents
