Downs Developments Limited

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downs developments limited Company Information

Live

EstablishedSmallHigh

Company Number

08523404

Website

Registered Address

c/o nash reid accountancy, 11 nash court road, margate, kent, CT9 4DJ

Industry

Development of building projects

Telephone

Next Accounts Due

July 2024

Group Structure

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Directors

Jason Clifford11 Years

Stephen Hewitt11 Years

Shareholders

stephen george hewitt 50%

jason matthew clifford 50%

downs developments limited Estimated Valuation

£629.3k

Pomanda estimates the enterprise value of DOWNS DEVELOPMENTS LIMITED at £629.3k based on a Turnover of £2m and 0.32x industry multiple (adjusted for size and gross margin).

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Downs Developments Limited is a live company located in margate, CT9 4DJ with a Companies House number of 08523404. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2013, it's largest shareholder is stephen george hewitt with a 50% stake. Downs Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.

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Pomanda's financial health check has awarded Downs Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £2m, make it in line with the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (1.2%)

EXPORT

Downs Developments Limited's latest turnover from October 2022 is estimated at £2 million and the company has net assets of £98 thousand. According to their latest financial statements, Downs Developments Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	May 2014
Turnover	1,986,189	1,050,161	1,896,463	1,068,286	1,495,883	1,347,382	2,073	970,000	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,795,507	960,422	1,713,695	962,657	1,338,152	1,194,631	1,827	856,978	1,311
Gross Profit	190,682	89,739	182,768	105,629	157,731	152,750	246	113,022	-1,311
Admin Expenses	191,790	95,022	183,597	111,883	39,599	179,683	3,835	15,967	326
Operating Profit	-1,108	-5,283	-829	-6,254	118,132	-26,933	-3,589	97,055	-1,637
Interest Payable	0	0	0	0	0	0	0	37,000	0
Interest Receivable	0	0	0	0	0	55	128	0	0
Pre-Tax Profit	-1,108	-5,283	-829	-6,254	118,132	-26,878	-3,461	60,055	-1,637
Tax	0	0	0	0	-22,445	0	0	-12,011	0
Profit After Tax	-1,108	-5,283	-829	-6,254	95,687	-26,878	-3,461	48,044	-1,637
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	-1,108	-5,283	-829	-6,254	95,687	-26,878	-3,461	48,044	-1,637
Employee Costs	91,339	88,882	86,840	86,751	127,294	82,927	40,478	78,364	36,632
Number Of Employees	2	2	2	2	3	2	1	2	1
EBITDA*	-1,108	-5,283	-829	-6,254	118,132	-26,933	-3,589	97,055	-1,637

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	May 2014
Tangible Assets	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	234,000
Trade Debtors	949,264	572,872	862,544	411,576	528,002	495,401	200	200	209,200
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	43,646	59,118	746
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	949,264	572,872	862,544	411,576	528,002	495,401	43,846	59,318	443,946
total assets	949,264	572,872	862,544	411,576	528,002	495,401	43,846	59,318	443,946
Bank overdraft	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	178,037	2,993	151,102	151,102	72,118	14,176	943	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	12,954	492
total current liabilities	178,037	2,993	151,102	151,102	72,118	14,176	943	12,954	492
loans	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0
other liabilities	673,189	470,733	607,013	155,216	0	465,400	0	0	445,134
provisions	0	0	0	0	0	0	0	0	0
total long term liabilities	673,189	470,733	607,013	155,216	344,372	465,400	0	0	445,134
total liabilities	851,226	473,726	758,115	306,318	416,490	479,576	943	12,954	445,626
net assets	98,038	99,146	104,429	105,258	111,512	15,825	42,903	46,364	-1,680
total shareholders funds	98,038	99,146	104,429	105,258	111,512	15,825	42,903	46,364	-1,680

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	May 2014
Operating Activities
Operating Profit	-1,108	-5,283	-829	-6,254	118,132	-26,933	-3,589	97,055	-1,637
Depreciation	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-22,445	0	0	-12,011	0
Stock	0	0	0	0	0	0	0	-234,000	234,000
Debtors	376,392	-289,672	450,968	-116,426	32,601	495,201	0	-209,000	209,200
Creditors	175,044	-148,109	0	78,984	57,942	13,233	943	0	0
Accruals and Deferred Income	0	0	0	0	0	0	-12,954	12,462	492
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0
Cash flow from operations	-202,456	136,280	-451,797	189,156	121,028	-508,901	-15,600	540,506	-444,345
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0
other long term liabilities	202,456	-136,280	451,797	155,216	-465,400	465,400	0	-445,134	445,134
share issue	0	0	0	0	0	-200	0	0	-43
interest	0	0	0	0	0	55	128	-37,000	0
cash flow from financing	202,456	-136,280	451,797	155,216	-465,400	465,255	128	-482,134	445,091
cash and cash equivalents
cash	0	0	0	0	0	-43,646	-15,472	58,372	746
overdraft	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-43,646	-15,472	58,372	746

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DOWNS DEVELOPMENTS LIMITED group structure

Downs Developments Limited has no subsidiary companies.

Ultimate parent company

DOWNS DEVELOPMENTS LIMITED

08523404

DOWNS DEVELOPMENTS LIMITED Shareholders

stephen george hewitt	50%
jason matthew clifford	50%

Downs Developments Limited currently has 2 directors. The longest serving directors include Mr Jason Clifford (May 2013) and Mr Stephen Hewitt (May 2013).

officer	country	age	start	end	role
Mr Jason Clifford	England	52 years	May 2013	-	Director
Mr Stephen Hewitt	United Kingdom	51 years	May 2013	-	Director

P&L

October 2022

turnover

+89%

operating profit

-1.1k

gross margin

9.7%

+12.35%

turnover

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

Balance Sheet

October 2022

net assets

98k

-0.01%

total assets

949.3k

+0.66%

cash

net assets

Total assets minus all liabilities

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company number

08523404

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

May 2013

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

c/o nash reid accountancy, 11 nash court road, margate, kent, CT9 4DJ

last accounts submitted

October 2022

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 1 charges/mortgages relating to downs developments limited. Currently there are 1 open charges and 0 have been satisfied in the past.

downs developments limited Company Information

downs developments limited Estimated Valuation

downs developments limited Estimated Valuation

downs developments limited Estimated Valuation

Downs Developments Limited Overview

Downs Developments Limited Health Check

DOWNS DEVELOPMENTS LIMITED financials

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