Devonia Sheepskins & Tannery Limited

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devonia sheepskins & tannery limited Company Information

Live

EstablishedSmallDeclining

Company Number

08432876

Website

www.devoniaproducts.co.uk

Registered Address

the tannery mardle way, buckfastleigh, devon, TQ11 0AG

Industry

Tanning and dressing of leather; dressing and dyeing of fur

Telephone

01364643355

Next Accounts Due

December 2024

Group Structure

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Directors

Geoffrey Woods11 Years

Jacinta Dean1 Years

Shareholders

susan ward 20%

jacinta dean 20%

View All

devonia sheepskins & tannery limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of DEVONIA SHEEPSKINS & TANNERY LIMITED at £5.1m based on Net Assets of £1.6m and 3.21x industry multiple (adjusted for liquidity).

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Devonia Sheepskins & Tannery Limited AI Business Plan

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Devonia Sheepskins & Tannery Limited is a live company located in devon, TQ11 0AG with a Companies House number of 08432876. It operates in the tanning and dressing of leather sector, SIC Code 15110. Founded in March 2013, it's largest shareholder is susan ward with a 20% stake. Devonia Sheepskins & Tannery Limited is a established, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Devonia Sheepskins & Tannery Limited a 4 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

Health Rating4out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£14.8m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DEVONIA SHEEPSKINS & TANNERY LIMITED group structure

Devonia Sheepskins & Tannery Limited has no subsidiary companies.

Ultimate parent company

DEVONIA SHEEPSKINS & TANNERY LIMITED

08432876

DEVONIA SHEEPSKINS & TANNERY LIMITED Shareholders

susan ward	20%
jacinta dean	20%
luca dean	20%
ottilie dean	20%
nikolai dean	20%

Devonia Sheepskins & Tannery Limited currently has 2 directors. The longest serving directors include Mr Geoffrey Woods (Mar 2013) and Mrs Jacinta Dean (Mar 2023).

officer	country	age	start	end	role
Mr Geoffrey Woods	United Kingdom	62 years	Mar 2013	-	Director
Mrs Jacinta Dean	England	50 years	Mar 2023	-	Director

EXPORT

Devonia Sheepskins & Tannery Limited's latest turnover from March 2023 is estimated at £2.3 million and the company has net assets of £1.6 million. According to their latest financial statements, Devonia Sheepskins & Tannery Limited has 26 employees and maintains cash reserves of £540.6 thousand 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
Turnover	2,311,992	2,102,710	3,133,325	2,584,549	2,974,009	3,175,172	2,707,398	1,026,387	2,059,199	3,470,910
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,936,265	1,750,641	2,501,102	2,159,661	2,506,962	2,722,125	2,365,803	895,903	1,726,824	2,984,391
Gross Profit	375,727	352,069	632,223	424,889	467,047	453,047	341,595	130,483	332,375	486,519
Admin Expenses	-185,843	-124,927	218,945	263,630	149,662	398,701	358,996	103,593	296,987	451,122
Operating Profit	561,570	476,996	413,278	161,259	317,385	54,346	-17,401	26,890	35,388	35,397
Interest Payable	0	15,663	29,623	33,550	23,992	9,343	11,659	6,618	0	0
Interest Receivable	21,574	5,922	859	632	2,444	5	3	7	7	3
Pre-Tax Profit	583,143	467,254	384,514	128,341	295,837	45,009	-29,058	20,279	35,395	35,400
Tax	-110,797	-88,778	-73,058	-24,385	-56,209	-8,552	0	-4,056	-7,433	-8,142
Profit After Tax	472,346	378,476	311,456	103,956	239,628	36,457	-29,058	16,223	27,962	27,258
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	472,346	378,476	311,456	103,956	239,628	36,457	-29,058	16,223	27,962	27,258
Employee Costs	1,075,169	1,046,263	939,623	1,028,978	1,017,188	1,017,188	676,308	126,105	299,199	450,255
Number Of Employees	26	26	26	28	28	28	20	4	9	15
EBITDA*	602,471	514,474	451,524	202,399	346,918	70,518	-3,284	44,713	53,856	46,797

* 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
Tangible Assets	739,151	648,133	512,942	333,225	256,571	57,850	65,022	68,139	76,567	37,600
Intangible Assets	0	0	0	0	0	0	2,000	4,000	6,000	8,000
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	739,151	648,133	512,942	333,225	256,571	57,850	67,022	72,139	82,567	45,600
Stock & work in progress	715,831	433,050	207,915	290,263	320,537	318,872	142,600	124,900	120,040	260,200
Trade Debtors	359,896	302,433	311,708	212,660	284,896	335,285	280,344	190,012	199,536	225,947
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	37,217	64,352	142,978	72,131	8,833	42,570	264	0	0
Cash	540,575	474,653	1,104,484	612,554	650,629	1,131	995	1,333	1,490	1,284
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,616,302	1,247,353	1,688,459	1,258,455	1,328,193	664,121	466,509	316,509	321,066	487,431
total assets	2,355,453	1,895,486	2,201,401	1,591,680	1,584,764	721,971	533,531	388,648	403,633	533,031
Bank overdraft	0	0	85,714	85,714	85,714	118,017	169,460	203,642	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	123,593	199,620	456,407	160,911	166,752	166,717	297,195	39,600	334,252	498,477
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	625,010	557,193	524,019	472,436	472,923	347,303	11,565	60,453	0	0
total current liabilities	748,603	756,813	1,066,140	719,061	725,389	632,037	478,220	303,695	334,252	498,477
loans	0	0	378,379	421,428	507,143	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	22,046	26,215	22,900	28,665	33,662	10,992	12,826	13,410	14,061	7,196
total long term liabilities	22,046	26,215	401,279	450,093	540,805	10,992	12,826	13,410	14,061	7,196
total liabilities	770,649	783,028	1,467,419	1,169,154	1,266,194	643,029	491,046	317,105	348,313	505,673
net assets	1,584,804	1,112,458	733,982	422,526	318,570	78,942	42,485	71,543	55,320	27,358
total shareholders funds	1,584,804	1,112,458	733,982	422,526	318,570	78,942	42,485	71,543	55,320	27,358

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	561,570	476,996	413,278	161,259	317,385	54,346	-17,401	26,890	35,388	35,397
Depreciation	40,901	37,478	38,246	41,140	29,533	14,172	12,117	15,823	16,468	9,400
Amortisation	0	0	0	0	0	2,000	2,000	2,000	2,000	2,000
Tax	-110,797	-88,778	-73,058	-24,385	-56,209	-8,552	0	-4,056	-7,433	-8,142
Stock	282,781	225,135	-82,348	-30,274	1,665	176,272	17,700	4,860	-140,160	260,200
Debtors	20,246	-36,410	20,422	-1,389	12,909	21,204	132,638	-9,260	-26,411	225,947
Creditors	-76,027	-256,787	295,496	-5,841	35	-130,478	257,595	-294,652	-164,225	498,477
Accruals and Deferred Income	67,817	33,174	51,583	-487	125,620	335,738	-48,888	60,453	0	0
Deferred Taxes & Provisions	-4,169	3,315	-5,765	-4,997	22,670	-1,834	-584	-651	6,865	7,196
Cash flow from operations	176,268	16,673	781,706	198,352	424,460	67,916	54,501	-189,793	55,634	58,181
Investing Activities
capital expenditure	-131,919	-172,669	-217,963	-117,794	-228,254	-7,000	-9,000	-7,395	-55,435	-57,000
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-131,919	-172,669	-217,963	-117,794	-228,254	-7,000	-9,000	-7,395	-55,435	-57,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-378,379	-43,049	-85,715	507,143	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	100
interest	21,574	-9,741	-28,764	-32,918	-21,548	-9,338	-11,656	-6,611	7	3
cash flow from financing	21,574	-388,120	-71,813	-118,633	485,595	-9,338	-11,656	-6,611	7	103
cash and cash equivalents
cash	65,922	-629,831	491,930	-38,075	649,498	136	-338	-157	206	1,284
overdraft	0	-85,714	0	0	-32,303	-51,443	-34,182	203,642	0	0
change in cash	65,922	-544,117	491,930	-38,075	681,801	51,579	33,844	-203,799	206	1,284

P&L

March 2023

turnover

2.3m

+10%

operating profit

561.6k

gross margin

16.3%

-2.94%

turnover

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

Balance Sheet

March 2023

net assets

1.6m

+0.42%

total assets

2.4m

+0.24%

cash

540.6k

+0.14%

net assets

Total assets minus all liabilities

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company number

08432876

Type

Private limited with Share Capital

industry

15110 - Tanning and dressing of leather; dressing and dyeing of fur

incorporation date

March 2013

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

the tannery mardle way, buckfastleigh, devon, TQ11 0AG

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 did not find charges/mortgages relating to devonia sheepskins & tannery limited.

devonia sheepskins & tannery limited Company Information

devonia sheepskins & tannery limited Estimated Valuation

devonia sheepskins & tannery limited Estimated Valuation

devonia sheepskins & tannery limited Estimated Valuation

Devonia Sheepskins & Tannery Limited AI Business Plan

Devonia Sheepskins & Tannery Limited Overview

Devonia Sheepskins & Tannery Limited Health Check

devonia sheepskins & tannery limited Credit Report and Business Information

Devonia Sheepskins & Tannery Limited Competitor Analysis

devonia sheepskins & tannery limited Ownership

devonia sheepskins & tannery limited directors

DEVONIA SHEEPSKINS & TANNERY LIMITED financials

devonia sheepskins & tannery limited company details

devonia sheepskins & tannery limited Charges & Mortgages

devonia sheepskins & tannery limited Companies House Filings - See Documents