davaon limited
davaon limited Company Information
Company Number
09582340
Next Accounts
167 days late
Shareholders
heroes technology ltd
Group Structure
View All
Industry
Non-specialised wholesale trade
Registered Address
wisteria grange barn pikes end, pinner, middlesex, HA5 2EX
Website
www.davaon.infodavaon limited Estimated Valuation
Pomanda estimates the enterprise value of DAVAON LIMITED at £6.3m based on a Turnover of £16.9m and 0.37x industry multiple (adjusted for size and gross margin).
davaon limited Estimated Valuation
Pomanda estimates the enterprise value of DAVAON LIMITED at £0 based on an EBITDA of £-2.9m and a 4.63x industry multiple (adjusted for size and gross margin).
davaon limited Estimated Valuation
Pomanda estimates the enterprise value of DAVAON LIMITED at £0 based on Net Assets of £-4.8m and 2.62x industry multiple (adjusted for liquidity).
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Davaon Limited Overview
Davaon Limited is a live company located in middlesex, HA5 2EX with a Companies House number of 09582340. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in May 2015, it's largest shareholder is heroes technology ltd with a 100% stake. Davaon Limited is a established, mid sized company, Pomanda has estimated its turnover at £16.9m with rapid growth in recent years.
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Davaon Limited Health Check
Pomanda's financial health check has awarded Davaon Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £16.9m, make it in line with the average company (£14.9m)
£16.9m - Davaon Limited
£14.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 213%, show it is growing at a faster rate (4.4%)
- Davaon Limited
4.4% - Industry AVG
Production
with a gross margin of 19%, this company has a higher cost of product (27.8%)
19% - Davaon Limited
27.8% - Industry AVG
Profitability
an operating margin of -24.2% make it less profitable than the average company (5.9%)
-24.2% - Davaon Limited
5.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (40)
2 - Davaon Limited
40 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Davaon Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £8.4m, this is more efficient (£369.3k)
£8.4m - Davaon Limited
£369.3k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (53 days)
4 days - Davaon Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (35 days)
17 days - Davaon Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 156 days, this is more than average (78 days)
156 days - Davaon Limited
78 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Davaon Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 134.8%, this is a higher level of debt than the average (48.7%)
134.8% - Davaon Limited
48.7% - Industry AVG
DAVAON LIMITED financials
Davaon Limited's latest turnover from December 2022 is £16.9 million and the company has net assets of -£4.8 million. According to their latest financial statements, Davaon Limited has 2 employees and maintains cash reserves of £508.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 16,868,632 | 3,639,655 | 1,542,576 | |||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 13,661,921 | 3,047,055 | 955,349 | |||||
| Gross Profit | 3,206,711 | 592,600 | 587,227 | |||||
| Admin Expenses | 7,290,765 | |||||||
| Operating Profit | -4,084,054 | |||||||
| Interest Payable | 1,817,369 | |||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | -5,901,423 | 474,819 | 510,019 | |||||
| Tax | 72,314 | -109,668 | ||||||
| Profit After Tax | -5,829,109 | 474,819 | 400,351 | |||||
| Dividends Paid | ||||||||
| Retained Profit | -5,829,109 | 474,819 | 400,351 | |||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* | -2,887,916 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,452 | 7,450 | 7,184 | 326 | ||||
| Intangible Assets | 5,271,451 | 9,174,894 | ||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 5,271,451 | 9,174,894 | 8,452 | 7,450 | 7,184 | 326 | ||
| Stock & work in progress | 5,864,210 | 3,144,378 | 443,059 | 66,625 | 17,436 | |||
| Trade Debtors | 192,737 | 671,386 | 41,892 | 73,747 | 197,385 | 155,114 | 80,519 | 18,179 |
| Group Debtors | 1,380,915 | 54,197 | ||||||
| Misc Debtors | 459,517 | 305,536 | 145,134 | |||||
| Cash | 508,287 | 551,278 | 236,248 | 165,536 | 636 | |||
| misc current assets | ||||||||
| total current assets | 8,405,666 | 4,726,775 | 866,333 | 305,908 | 197,385 | 155,114 | 80,519 | 36,251 |
| total assets | 13,677,117 | 13,901,669 | 866,333 | 314,360 | 204,835 | 162,298 | 80,845 | 36,251 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 644,324 | 148,381 | 5,931 | 76,629 | 38,490 | 36,191 | 30,464 | 28,326 |
| Group/Directors Accounts | 17,681,248 | |||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 103,175 | 12,529,493 | 264,184 | |||||
| total current liabilities | 18,428,747 | 12,677,874 | 270,115 | 76,629 | 38,490 | 36,191 | 30,464 | 28,326 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 960 | |||||||
| other liabilities | 6,442 | 152,758 | 1,200 | |||||
| provisions | ||||||||
| total long term liabilities | 6,442 | 152,758 | 960 | 1,200 | ||||
| total liabilities | 18,435,189 | 12,830,632 | 270,115 | 76,629 | 38,490 | 37,151 | 31,664 | 28,326 |
| net assets | -4,758,072 | 1,071,037 | 596,218 | 237,731 | 166,345 | 125,147 | 49,181 | 7,925 |
| total shareholders funds | -4,758,072 | 1,071,037 | 596,218 | 237,731 | 166,345 | 125,147 | 49,181 | 7,925 |
| Dec 2022 | Dec 2021 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -4,084,054 | |||||||
| Depreciation | ||||||||
| Amortisation | 1,196,138 | 209,611 | ||||||
| Tax | 72,314 | -109,668 | ||||||
| Stock | 2,719,832 | 3,077,753 | 376,434 | 66,625 | -17,436 | 17,436 | ||
| Debtors | 1,002,050 | 957,372 | 113,279 | -123,638 | 42,271 | 74,595 | 62,340 | 18,179 |
| Creditors | 495,943 | 71,752 | -70,698 | 38,139 | 2,299 | 5,727 | 2,138 | 28,326 |
| Accruals and Deferred Income | -12,426,318 | 12,529,493 | 264,184 | -960 | 960 | |||
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | -18,467,859 | |||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 17,681,248 | |||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -146,316 | 152,758 | -1,200 | 1,200 | ||||
| share issue | ||||||||
| interest | -1,817,369 | |||||||
| cash flow from financing | 15,717,563 | 511,245 | -41,864 | |||||
| cash and cash equivalents | ||||||||
| cash | -42,991 | 385,742 | 70,712 | 165,536 | -636 | 636 | ||
| overdraft | ||||||||
| change in cash | -42,991 | 385,742 | 70,712 | 165,536 | -636 | 636 |
davaon limited Credit Report and Business Information
Davaon Limited Competitor Analysis
Perform a competitor analysis for davaon limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in HA5 area or any other competitors across 12 key performance metrics.
davaon limited Ownership
DAVAON LIMITED group structure
Davaon Limited has no subsidiary companies.
davaon limited directors
Davaon Limited currently has 3 directors. The longest serving directors include Mr Riccardo Bruni (Nov 2020) and Mr Alessio Bruni (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Riccardo Bruni | England | 36 years | Nov 2020 | - | Director |
| Mr Alessio Bruni | England | 36 years | Dec 2020 | - | Director |
| Mr Giancarlo Bruni | England | 38 years | Jul 2023 | - | Director |
P&L
December 2022turnover
16.9m
+363%
operating profit
-4.1m
0%
gross margin
19.1%
+16.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-4.8m
-5.44%
total assets
13.7m
-0.02%
cash
508.3k
-0.08%
net assets
Total assets minus all liabilities
davaon limited company details
company number
09582340
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2022
previous names
N/A
accountant
CLA EVELYN PARTNERS LIMITED
auditor
-
address
wisteria grange barn pikes end, pinner, middlesex, HA5 2EX
Bank
-
Legal Advisor
-
davaon limited 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 found 3 charges/mortgages relating to davaon limited. Currently there are 2 open charges and 1 have been satisfied in the past.
davaon limited 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 DAVAON LIMITED. This can take several minutes, an email will notify you when this has completed.
davaon limited Companies House Filings - See Documents
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