M J Drake Plumbing & Heating Ltd

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m j drake plumbing & heating ltd Company Information

Live

EstablishedMicroDeclining

Company Number

08499815

Website

Registered Address

mere syke farm wigglesworth, skipton, north yorkshire, BD23 4SN

Industry

Plumbing, heat and air-conditioning installation

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Fiona Drake11 Years

Michael Drake11 Years

Shareholders

michael john drake 60%

fiona jane drake 40%

m j drake plumbing & heating ltd Estimated Valuation

£115.1k

Pomanda estimates the enterprise value of M J DRAKE PLUMBING & HEATING LTD at £115.1k based on a Turnover of £231.4k and 0.5x industry multiple (adjusted for size and gross margin).

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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 £231.4k with declining growth in recent years.

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Pomanda's financial health check has awarded M J Drake Plumbing & Heating Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £231.4k, make it smaller than the average company (£399.4k)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.5%)

EXPORT

M J Drake Plumbing & Heating Ltd's latest turnover from March 2023 is estimated at £231.4 thousand and the company has net assets of £25.4 thousand. According to their latest financial statements, M J Drake Plumbing & Heating Ltd has 2 employees and maintains cash reserves of £20.9 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	231,414	345,099	317,434	344,777	551,177	527,670	719,859	293,794	68,927	185,534
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	167,323	241,762	225,699	235,443	359,625	348,150	455,716	188,166	43,733	115,451
Gross Profit	64,091	103,337	91,735	109,334	191,552	179,520	264,144	105,629	25,193	70,082
Admin Expenses	106,600	63,456	105,741	109,051	182,767	186,442	205,248	105,692	25,025	69,465
Operating Profit	-42,509	39,881	-14,006	283	8,785	-6,922	58,896	-63	168	617
Interest Payable	10	0	0	0	0	0	0	0	0	0
Interest Receivable	1,119	165	7	1	0	0	31	75	26	13
Pre-Tax Profit	-41,399	40,046	-13,999	284	8,785	-6,922	58,928	13	194	630
Tax	0	-7,609	0	-54	-1,669	0	-11,785	-2	-41	-145
Profit After Tax	-41,399	32,437	-13,999	230	7,116	-6,922	47,142	10	153	485
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-41,399	32,437	-13,999	230	7,116	-6,922	47,142	10	153	485
Employee Costs	66,756	65,900	64,865	68,927	172,940	167,541	232,717	106,254	34,597	70,537
Number Of Employees	2	2	2	2	5	5	7	3	1	2
EBITDA*	-39,167	44,016	-8,494	283	8,785	-6,922	58,896	3,955	4,691	5,598

* 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	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	2,500	5,000	7,500
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	10,026	13,368	16,539	7,429	9,476	12,293	18,692	7,051	11,069	14,943
Stock & work in progress	25,500	25,500	22,611	350	0	0	0	200	200	200
Trade Debtors	26,661	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
Misc Debtors	9,022	10,017	6,191	2,705	0	0	0	0	0	0
Cash	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
total current assets	82,128	141,050	89,758	94,460	101,367	87,444	110,317	64,553	12,701	31,255
total assets	92,154	154,418	106,297	101,889	110,843	99,737	129,009	71,604	23,770	46,198
Bank overdraft	189	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	34,416	30,214	44,577	23,329	62,859	58,869	81,219	70,856	23,032	45,613
Group/Directors Accounts	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
hp & lease commitments	3,980	3,980	0	0	0	0	0	0	0	0
other current liabilities	23,023	45,294	13,808	16,569	0	0	0	0	0	0
total current liabilities	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
hp & lease commitments	2,653	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
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	2,540	2,540	0	0	0	0	0	0	0	0
total long term liabilities	5,193	8,178	13,597	0	0	0	0	0	0	0
total liabilities	66,801	87,666	71,982	53,575	62,859	58,869	81,219	70,856	23,032	45,613
net assets	25,353	66,752	34,315	48,314	47,984	40,868	47,790	748	738	585
total shareholders funds	25,353	66,752	34,315	48,314	47,984	40,868	47,790	748	738	585

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	-42,509	39,881	-14,006	283	8,785	-6,922	58,896	-63	168	617
Depreciation	3,342	4,135	5,512	0	0	0	0	1,518	2,023	2,481
Amortisation	0	0	0	0	0	0	0	2,500	2,500	2,500
Tax	0	-7,609	0	-54	-1,669	0	-11,785	-2	-41	-145
Stock	0	2,889	22,261	350	0	0	-200	0	0	200
Debtors	-48,130	28,800	-37,255	-9,099	13,923	-22,873	70,903	32,054	-18,417	25,777
Creditors	4,202	-14,363	21,248	-39,530	3,990	-22,350	10,363	47,824	-22,581	45,613
Accruals and Deferred Income	-22,271	31,486	-2,761	16,569	0	0	0	0	0	0
Deferred Taxes & Provisions	0	2,540	0	0	0	0	0	0	0	0
Cash flow from operations	-9,106	24,381	24,987	-13,983	-2,817	-6,399	-13,229	19,723	486	25,089
Investing Activities
capital expenditure	0	-964	-14,622	2,047	2,817	6,399	-11,641	0	-649	-19,924
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-964	-14,622	2,047	2,817	6,399	-11,641	0	-649	-19,924
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	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
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-2,985	-3,979	13,597	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	100	0	0	-100	0	0	100
interest	1,109	165	7	1	0	0	31	75	26	13
cash flow from financing	-1,876	-3,814	-73	13,778	0	0	-69	75	26	113
cash and cash equivalents
cash	-10,792	19,603	10,292	1,842	0	0	-24,939	19,798	-137	5,278
overdraft	189	0	0	0	0	0	0	0	0	0
change in cash	-10,981	19,603	10,292	1,842	0	0	-24,939	19,798	-137	5,278

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 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 Shareholders

michael john drake	60%
fiona jane drake	40%

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 2023

turnover

231.4k

-33%

operating profit

-42.5k

gross margin

27.7%

-7.51%

turnover

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

Balance Sheet

March 2023

net assets

25.4k

-0.62%

total assets

92.2k

-0.4%

cash

20.9k

-0.34%

net assets

Total assets minus all liabilities

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company number

08499815

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

April 2013

ultimate parent company

None

previous names

N/A

address

mere syke farm wigglesworth, skipton, north yorkshire, BD23 4SN

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 Company Information

m j drake plumbing & heating ltd Estimated Valuation

m j drake plumbing & heating ltd Estimated Valuation

m j drake plumbing & heating ltd Estimated Valuation

M J Drake Plumbing & Heating Ltd Overview

M J Drake Plumbing & Heating Ltd Health Check

M J DRAKE PLUMBING & HEATING LTD financials

m j drake plumbing & heating ltd Credit Report and Business Information

M J Drake Plumbing & Heating Ltd Competitor Analysis

m j drake plumbing & heating ltd Ownership

m j drake plumbing & heating ltd directors

m j drake plumbing & heating ltd company details

m j drake plumbing & heating ltd Charges & Mortgages

m j drake plumbing & heating ltd Companies House Filings - See Documents