m j drake plumbing & heating ltd
m j drake plumbing & heating ltd Company Information
Company Number
08499815
Next Accounts
Dec 2025
Industry
Plumbing, heat and air-conditioning installation
Shareholders
michael john drake
fiona jane drake
Group Structure
View All
Contact
Registered Address
mere syke farm wigglesworth, skipton, north yorkshire, BD23 4SN
Website
-m j drake plumbing & heating ltd Estimated Valuation
Pomanda estimates the enterprise value of M J DRAKE PLUMBING & HEATING LTD at £61.2k based on a Turnover of £137.6k and 0.44x industry multiple (adjusted for size and gross margin).
m j drake plumbing & heating ltd Estimated Valuation
Pomanda estimates the enterprise value of M J DRAKE PLUMBING & HEATING LTD at £0 based on an EBITDA of £-5.3k and a 3.55x industry multiple (adjusted for size and gross margin).
m j drake plumbing & heating ltd Estimated Valuation
Pomanda estimates the enterprise value of M J DRAKE PLUMBING & HEATING LTD at £54.9k based on Net Assets of £19k and 2.89x industry multiple (adjusted for liquidity).
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M J Drake Plumbing & Heating Ltd Overview
M J Drake Plumbing & Heating Ltd is a live company located in north yorkshire, BD23 4SN with a Companies House number of 08499815. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in April 2013, it's largest shareholder is michael john drake with a 60% stake. M J Drake Plumbing & Heating Ltd is a established, micro sized company, Pomanda has estimated its turnover at £137.6k with declining growth in recent years.
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M J Drake Plumbing & Heating Ltd Health Check
Pomanda's financial health check has awarded M J Drake Plumbing & Heating Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £137.6k, make it smaller than the average company (£397.7k)
- M J Drake Plumbing & Heating Ltd
£397.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (11.7%)
- M J Drake Plumbing & Heating Ltd
11.7% - Industry AVG
Production
with a gross margin of 18.1%, this company has a higher cost of product (27.8%)
- M J Drake Plumbing & Heating Ltd
27.8% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (5.7%)
- M J Drake Plumbing & Heating Ltd
5.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - M J Drake Plumbing & Heating Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.3k, the company has an equivalent pay structure (£33.3k)
- M J Drake Plumbing & Heating Ltd
£33.3k - Industry AVG
Efficiency
resulting in sales per employee of £45.9k, this is less efficient (£116k)
- M J Drake Plumbing & Heating Ltd
£116k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (52 days)
- M J Drake Plumbing & Heating Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 179 days, this is slower than average (46 days)
- M J Drake Plumbing & Heating Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is more than average (11 days)
- M J Drake Plumbing & Heating Ltd
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (20 weeks)
45 weeks - M J Drake Plumbing & Heating Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.1%, this is a higher level of debt than the average (63.5%)
75.1% - M J Drake Plumbing & Heating Ltd
63.5% - Industry AVG
M J DRAKE PLUMBING & HEATING LTD financials
M J Drake Plumbing & Heating Ltd's latest turnover from March 2024 is estimated at £137.6 thousand and the company has net assets of £19 thousand. According to their latest financial statements, M J Drake Plumbing & Heating Ltd has 3 employees and maintains cash reserves of £49.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 3 | 2 | 2 | 2 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,730 | 10,026 | 13,368 | 16,539 | 7,429 | 9,476 | 12,293 | 18,692 | 4,551 | 6,069 | 7,443 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 5,000 | 7,500 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 8,730 | 10,026 | 13,368 | 16,539 | 7,429 | 9,476 | 12,293 | 18,692 | 7,051 | 11,069 | 14,943 |
| Stock & work in progress | 5,000 | 25,500 | 25,500 | 22,611 | 350 | 0 | 0 | 0 | 200 | 200 | 200 |
| Trade Debtors | 13,394 | 35,683 | 73,796 | 48,822 | 89,563 | 101,367 | 87,444 | 110,317 | 39,414 | 7,360 | 25,777 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 10,017 | 6,191 | 2,705 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 49,073 | 20,945 | 31,737 | 12,134 | 1,842 | 0 | 0 | 0 | 24,939 | 5,141 | 5,278 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 67,467 | 82,128 | 141,050 | 89,758 | 94,460 | 101,367 | 87,444 | 110,317 | 64,553 | 12,701 | 31,255 |
| total assets | 76,197 | 92,154 | 154,418 | 106,297 | 101,889 | 110,843 | 99,737 | 129,009 | 71,604 | 23,770 | 46,198 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 55,537 | 61,608 | 30,214 | 44,577 | 23,329 | 62,859 | 58,869 | 81,219 | 70,856 | 23,032 | 45,613 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 13,677 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 3,980 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 45,294 | 13,808 | 16,569 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 55,537 | 61,608 | 79,488 | 58,385 | 53,575 | 62,859 | 58,869 | 81,219 | 70,856 | 23,032 | 45,613 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 5,638 | 13,597 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 2,653 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,659 | 2,540 | 2,540 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,659 | 5,193 | 8,178 | 13,597 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 57,196 | 66,801 | 87,666 | 71,982 | 53,575 | 62,859 | 58,869 | 81,219 | 70,856 | 23,032 | 45,613 |
| net assets | 19,001 | 25,353 | 66,752 | 34,315 | 48,314 | 47,984 | 40,868 | 47,790 | 748 | 738 | 585 |
| total shareholders funds | 19,001 | 25,353 | 66,752 | 34,315 | 48,314 | 47,984 | 40,868 | 47,790 | 748 | 738 | 585 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 2,909 | 3,342 | 4,135 | 5,512 | 1,518 | 2,023 | 2,481 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 2,500 | 2,500 | 2,500 | |||
| Tax | |||||||||||
| Stock | -20,500 | 0 | 2,889 | 22,261 | 350 | 0 | 0 | -200 | 0 | 0 | 200 |
| Debtors | -22,289 | -48,130 | 28,800 | -37,255 | -9,099 | 13,923 | -22,873 | 70,903 | 32,054 | -18,417 | 25,777 |
| Creditors | -6,071 | 31,394 | -14,363 | 21,248 | -39,530 | 3,990 | -22,350 | 10,363 | 47,824 | -22,581 | 45,613 |
| Accruals and Deferred Income | 0 | -45,294 | 31,486 | -2,761 | 16,569 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -881 | 0 | 2,540 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -13,677 | 13,677 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | -9,618 | -3,979 | 13,597 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,653 | 2,653 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 28,128 | -10,792 | 19,603 | 10,292 | 1,842 | 0 | 0 | -24,939 | 19,798 | -137 | 5,278 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 28,128 | -10,792 | 19,603 | 10,292 | 1,842 | 0 | 0 | -24,939 | 19,798 | -137 | 5,278 |
m j drake plumbing & heating ltd Credit Report and Business Information
M J Drake Plumbing & Heating Ltd Competitor Analysis
Perform a competitor analysis for m j drake plumbing & heating ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in BD23 area or any other competitors across 12 key performance metrics.
m j drake plumbing & heating ltd Ownership
M J DRAKE PLUMBING & HEATING LTD group structure
M J Drake Plumbing & Heating Ltd has no subsidiary companies.
Ultimate parent company
M J DRAKE PLUMBING & HEATING LTD
08499815
m j drake plumbing & heating ltd directors
M J Drake Plumbing & Heating Ltd currently has 2 directors. The longest serving directors include Mrs Fiona Drake (Apr 2013) and Mr Michael Drake (Apr 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Fiona Drake | England | 61 years | Apr 2013 | - | Director |
| Mr Michael Drake | England | 61 years | Apr 2013 | - | Director |
P&L
March 2024turnover
137.6k
-21%
operating profit
-8.2k
0%
gross margin
18.1%
+2.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
19k
-0.25%
total assets
76.2k
-0.17%
cash
49.1k
+1.34%
net assets
Total assets minus all liabilities
m j drake plumbing & heating ltd company details
company number
08499815
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
April 2013
age
12
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
WHITEHEAD & HOWARTH
auditor
-
address
mere syke farm wigglesworth, skipton, north yorkshire, BD23 4SN
Bank
-
Legal Advisor
-
m j drake plumbing & heating 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 did not find charges/mortgages relating to m j drake plumbing & heating ltd.
m j drake plumbing & heating ltd 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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m j drake plumbing & heating ltd Companies House Filings - See Documents
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