Double Brace Ltd

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double brace ltd Company Information

Live

EstablishedMicroDeclining

Company Number

08597130

Website

www.doublebrace.com

Registered Address

4 king square, bridgwater, somerset, TA6 3YF

Industry

Business and domestic software development

Telephone

01278444975

Next Accounts Due

September 2025

Group Structure

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Directors

Eric Smith11 Years

Shareholders

eric christopher smith 100%

double brace ltd Estimated Valuation

£200.6k

Pomanda estimates the enterprise value of DOUBLE BRACE LTD at £200.6k based on a Turnover of £320.1k and 0.63x industry multiple (adjusted for size and gross margin).

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Double Brace Ltd is a live company located in somerset, TA6 3YF with a Companies House number of 08597130. It operates in the business and domestic software development sector, SIC Code 62012. Founded in July 2013, it's largest shareholder is eric christopher smith with a 100% stake. Double Brace Ltd is a established, micro sized company, Pomanda has estimated its turnover at £320.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Double Brace Ltd a 3 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 Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £320.1k, make it smaller than the average company (£4.2m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (10.1%)

EXPORT

Double Brace Ltd's latest turnover from December 2023 is estimated at £320.1 thousand and the company has net assets of £37.7 thousand. According to their latest financial statements, Double Brace Ltd has 10 employees and maintains cash reserves of £79.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Jul 2014
Turnover	320,092	326,139	370,288	541,631	479,760	380,970	403,227	418,252	32,201	32,709
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	184,848	188,186	207,626	309,051	280,182	225,952	235,679	237,054	18,114	18,304
Gross Profit	135,244	137,953	162,662	232,580	199,578	155,018	167,548	181,198	14,087	14,406
Admin Expenses	233,289	136,465	92,890	216,707	174,136	145,698	136,278	181,460	16,175	9,500
Operating Profit	-98,045	1,488	69,772	15,873	25,442	9,320	31,270	-262	-2,088	4,906
Interest Payable	0	0	136	132	0	0	0	0	0	0
Interest Receivable	5,460	5,133	300	47	127	138	41	34	88	31
Pre-Tax Profit	-92,585	6,621	69,937	15,788	25,569	9,458	31,311	-228	-2,000	4,937
Tax	0	-1,258	-13,288	-3,000	-4,858	-1,797	-5,949	0	0	-1,037
Profit After Tax	-92,585	5,363	56,649	12,788	20,711	7,661	25,362	-228	-2,000	3,900
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-92,585	5,363	56,649	12,788	20,711	7,661	25,362	-228	-2,000	3,900
Employee Costs	707,381	607,633	631,659	963,462	803,784	674,157	649,640	681,959	54,707	53,767
Number Of Employees	10	9	10	16	13	11	11	12	1	1
EBITDA*	-94,830	8,299	76,443	22,575	29,540	12,265	33,838	2,804	208	7,086

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Jul 2014
Tangible Assets	2,624	6,436	7,635	11,229	7,984	5,551	2,897	4,763	5,473	7,891
Intangible Assets	0	0	0	0	0	0	0	0	0	0
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	2,624	6,436	7,635	11,229	7,984	5,551	2,897	4,763	5,473	7,891
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	14,360	44,025	59,784	72,344	66,882	37,047	58,425	43,669	8,459	8,611
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	79,734	138,653	154,654	85,672	8,495	25,318	11,571	4,811	22,714	12,308
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	94,094	182,678	214,438	158,016	75,377	62,365	69,996	48,480	31,173	20,919
total assets	96,718	189,114	222,073	169,245	83,361	67,916	72,893	53,243	36,646	28,810
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	44,434	33,543	61,665	54,594	26,565	32,344	45,547	50,953	34,081	24,264
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	0	0	0	0	0	0	0	0	0	0
total current liabilities	44,434	33,543	61,665	54,594	26,565	32,344	45,547	50,953	34,081	24,264
loans	0	0	0	4,344	0	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	14,167	24,167	34,167	40,066	0	0	0	0	0	0
provisions	396	1,098	1,298	1,947	1,290	777	212	518	565	546
total long term liabilities	14,563	25,265	35,465	46,357	1,290	777	212	518	565	546
total liabilities	58,997	58,808	97,130	100,951	27,855	33,121	45,759	51,471	34,646	24,810
net assets	37,721	130,306	124,943	68,294	55,506	34,795	27,134	1,772	2,000	4,000
total shareholders funds	37,721	130,306	124,943	68,294	55,506	34,795	27,134	1,772	2,000	4,000

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Jul 2014
Operating Activities
Operating Profit	-98,045	1,488	69,772	15,873	25,442	9,320	31,270	-262	-2,088	4,906
Depreciation	3,215	6,811	6,671	6,702	4,098	2,945	2,568	3,066	2,296	2,180
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,258	-13,288	-3,000	-4,858	-1,797	-5,949	0	0	-1,037
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-29,665	-15,759	-12,560	5,462	29,835	-21,378	14,756	35,210	-152	8,611
Creditors	10,891	-28,122	7,071	28,029	-5,779	-13,203	-5,406	16,872	9,817	24,264
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-702	-200	-649	657	513	565	-306	-47	19	546
Cash flow from operations	-54,976	-5,522	82,137	42,799	-10,419	19,208	7,421	-15,581	10,196	22,248
Investing Activities
capital expenditure	597	-5,612	-3,077	-9,947	-6,531	-5,599	-702	-2,356	122	-10,071
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	597	-5,612	-3,077	-9,947	-6,531	-5,599	-702	-2,356	122	-10,071
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	0	-4,344	4,344	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,000	-10,000	-5,899	40,066	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	100
interest	5,460	5,133	164	-85	127	138	41	34	88	31
cash flow from financing	-4,540	-4,867	-10,079	44,325	127	138	41	34	88	131
cash and cash equivalents
cash	-58,919	-16,001	68,982	77,177	-16,823	13,747	6,760	-17,903	10,406	12,308
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-58,919	-16,001	68,982	77,177	-16,823	13,747	6,760	-17,903	10,406	12,308

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DOUBLE BRACE LTD group structure

Double Brace Ltd has no subsidiary companies.

Ultimate parent company

DOUBLE BRACE LTD

08597130

DOUBLE BRACE LTD Shareholders

eric christopher smith

100%

Double Brace Ltd currently has 1 director, Mr Eric Smith serving since Jul 2013.

officer	country	age	start	end	role
Mr Eric Smith	United Kingdom	41 years	Jul 2013	-	Director

P&L

December 2023

turnover

320.1k

-2%

operating profit

-98k

gross margin

42.3%

-0.11%

turnover

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

Balance Sheet

December 2023

net assets

37.7k

-0.71%

total assets

96.7k

-0.49%

cash

79.7k

-0.42%

net assets

Total assets minus all liabilities

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company number

08597130

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

July 2013

accounts

Unaudited Abridged

ultimate parent company

None

previous names

exley and smith ltd (April 2018)

last accounts submitted

December 2023

address

4 king square, bridgwater, somerset, TA6 3YF

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 double brace ltd.

double brace ltd Company Information

double brace ltd Estimated Valuation

double brace ltd Estimated Valuation

double brace ltd Estimated Valuation

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DOUBLE BRACE LTD financials

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