mere syke farm wigglesworth, skipton, north yorkshire, BD23 4SN
Website
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m j drake plumbing & heating ltdEstimated Valuation
£49.4k
Pomanda estimates the enterprise value of M J DRAKE PLUMBING & HEATING LTD at £49.4k based on a Turnover of £135.7k and 0.36x industry multiple (adjusted for size and gross margin).
m j drake plumbing & heating ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of M J DRAKE PLUMBING & HEATING LTD at £0 based on an EBITDA of £-5.3k and a 3.07x industry multiple (adjusted for size and gross margin).
m j drake plumbing & heating ltdEstimated Valuation
£52.5k
Pomanda estimates the enterprise value of M J DRAKE PLUMBING & HEATING LTD at £52.5k based on Net Assets of £19k and 2.76x industry multiple (adjusted for liquidity).
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M J Drake Plumbing & Heating LtdOverview
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
£135.7k with
declining
growth in recent years.
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
Health Rating2.5out of 5
3 Strong
1 Regular
8 Weak
Size
annual sales of £135.7k, make it smaller than the average company (£381.8k)
£135.7k - M J Drake Plumbing & Heating Ltd
£381.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (11.5%)
-6% - M J Drake Plumbing & Heating Ltd
11.5% - Industry AVG
Production
with a gross margin of 18.4%, this company has a higher cost of product (29.5%)
18.4% - M J Drake Plumbing & Heating Ltd
29.5% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (5.7%)
-6% - 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 £32.9k, the company has an equivalent pay structure (£32.9k)
£32.9k - M J Drake Plumbing & Heating Ltd
£32.9k - Industry AVG
Efficiency
resulting in sales per employee of £45.2k, this is less efficient (£115k)
£45.2k - M J Drake Plumbing & Heating Ltd
£115k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (52 days)
36 days - M J Drake Plumbing & Heating Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 183 days, this is slower than average (46 days)
183 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 (12 days)
16 days - M J Drake Plumbing & Heating Ltd
12 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 (63.8%)
75.1% - M J Drake Plumbing & Heating Ltd
63.8% - Industry AVG
M J DRAKE PLUMBING & HEATING LTD financials
EXPORT
M J Drake Plumbing & Heating Ltd's latest turnover from March 2024 is estimated at £135.7 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
135,668
174,032
189,254
165,086
210,203
346,707
312,124
425,964
178,099
43,332
113,197
Other Income Or Grants
Cost Of Sales
110,704
143,433
155,148
135,388
170,168
277,371
246,166
331,088
139,563
33,537
87,929
Gross Profit
24,965
30,599
34,107
29,698
40,036
69,337
65,958
94,876
38,536
9,795
25,268
Admin Expenses
33,155
73,117
-5,774
43,704
39,753
60,552
72,880
35,980
38,599
9,627
24,651
Operating Profit
-8,190
-42,518
39,881
-14,006
283
8,785
-6,922
58,896
-63
168
617
Interest Payable
Interest Receivable
1,838
1,119
165
7
1
31
75
26
13
Pre-Tax Profit
-6,352
-41,399
40,046
-13,999
284
8,785
-6,922
58,928
13
194
630
Tax
-7,609
-54
-1,669
-11,785
-2
-41
-145
Profit After Tax
-6,352
-41,399
32,437
-13,999
230
7,116
-6,922
47,142
10
153
485
Dividends Paid
Retained Profit
-6,352
-41,399
32,437
-13,999
230
7,116
-6,922
47,142
10
153
485
Employee Costs
98,602
67,187
67,817
65,129
69,812
69,348
67,680
66,943
35,484
34,762
35,338
Number Of Employees
3
2
2
2
2
2
2
2
1
1
1
EBITDA*
-5,281
-39,176
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 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
2,500
5,000
7,500
Investments & Other
Debtors (Due After 1 year)
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
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
Misc Debtors
10,017
6,191
2,705
Cash
49,073
20,945
31,737
12,134
1,842
24,939
5,141
5,278
misc current assets
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
Bank loan
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
13,677
other short term finances
hp & lease commitments
3,980
other current liabilities
45,294
13,808
16,569
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
hp & lease commitments
5,638
13,597
Accruals and Deferred Income
other liabilities
2,653
provisions
1,659
2,540
2,540
total long term liabilities
1,659
5,193
8,178
13,597
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
-8,190
-42,518
39,881
-14,006
283
8,785
-6,922
58,896
-63
168
617
Depreciation
2,909
3,342
4,135
5,512
1,518
2,023
2,481
Amortisation
2,500
2,500
2,500
Tax
-7,609
-54
-1,669
-11,785
-2
-41
-145
Stock
-20,500
2,889
22,261
350
-200
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
-45,294
31,486
-2,761
16,569
Deferred Taxes & Provisions
-881
2,540
Cash flow from operations
30,556
-4,946
24,381
24,987
-13,983
-2,817
-6,399
-13,229
19,723
486
25,089
Investing Activities
capital expenditure
-1,613
-964
-14,622
2,047
2,817
6,399
-11,641
-649
-19,924
Change in Investments
cash flow from investments
-1,613
-964
-14,622
2,047
2,817
6,399
-11,641
-649
-19,924
Financing Activities
Bank loans
Group/Directors Accounts
-13,677
13,677
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-9,618
-3,979
13,597
other long term liabilities
-2,653
2,653
share issue
100
-100
100
interest
1,838
1,119
165
7
1
31
75
26
13
cash flow from financing
-815
-5,846
-3,814
-73
13,778
-69
75
26
113
cash and cash equivalents
cash
28,128
-10,792
19,603
10,292
1,842
-24,939
19,798
-137
5,278
overdraft
change in cash
28,128
-10,792
19,603
10,292
1,842
-24,939
19,798
-137
5,278
m j drake plumbing & heating ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for m j drake plumbing & heating ltd. Get real-time insights into m j drake plumbing & heating ltd's credit score, group structure and payment trends.
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 Shareholders
The largest shareholders in M J Drake Plumbing & Heating Ltd include Michael John Drake and Fiona Jane Drake.
michael john drake
60%
fiona jane drake
40%
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).
43220 - Plumbing, heat and air-conditioning installation
incorporation date
April 2013
age
12
incorporated
UK
ultimate parent company
None
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.
Click to start generating capital raising & share issue transactions for M J DRAKE PLUMBING & HEATING LTD. This can take several minutes, an email will notify you when this has completed.
m j drake plumbing & heating ltdCompanies House Filings - See Documents
