wealth dragons group plc
wealth dragons group plc Company Information
Company Number
09896161
Next Accounts
234 days late
Shareholders
vincent wong
john lee
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
scorpio house, linford wood business park, milton keynes, MK14 6LY
Website
www.wealthdragons.comwealth dragons group plc Estimated Valuation
Pomanda estimates the enterprise value of WEALTH DRAGONS GROUP PLC at £2.7m based on a Turnover of £1.7m and 1.61x industry multiple (adjusted for size and gross margin).
wealth dragons group plc Estimated Valuation
Pomanda estimates the enterprise value of WEALTH DRAGONS GROUP PLC at £0 based on an EBITDA of £-195.9k and a 6.69x industry multiple (adjusted for size and gross margin).
wealth dragons group plc Estimated Valuation
Pomanda estimates the enterprise value of WEALTH DRAGONS GROUP PLC at £0 based on Net Assets of £-2.7m and 1.34x industry multiple (adjusted for liquidity).
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Wealth Dragons Group Plc Overview
Wealth Dragons Group Plc is a live company located in milton keynes, MK14 6LY with a Companies House number of 09896161. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2015, it's largest shareholder is vincent wong with a 39.6% stake. Wealth Dragons Group Plc is a established, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.
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Wealth Dragons Group Plc Health Check
Pomanda's financial health check has awarded Wealth Dragons Group Plc a 2 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
1 Regular
7 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£18m)
£1.7m - Wealth Dragons Group Plc
£18m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (6.4%)
-23% - Wealth Dragons Group Plc
6.4% - Industry AVG
Production
with a gross margin of 63.6%, this company has a lower cost of product (36.2%)
63.6% - Wealth Dragons Group Plc
36.2% - Industry AVG
Profitability
an operating margin of -11.7% make it less profitable than the average company (5.3%)
-11.7% - Wealth Dragons Group Plc
5.3% - Industry AVG
Employees
with 9 employees, this is below the industry average (104)
9 - Wealth Dragons Group Plc
104 - Industry AVG
Pay Structure
on an average salary of £92.5k, the company has a higher pay structure (£41.9k)
£92.5k - Wealth Dragons Group Plc
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £186.4k, this is equally as efficient (£178.7k)
£186.4k - Wealth Dragons Group Plc
£178.7k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (47 days)
20 days - Wealth Dragons Group Plc
47 days - Industry AVG
Creditor Days
its suppliers are paid after 416 days, this is slower than average (47 days)
416 days - Wealth Dragons Group Plc
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Wealth Dragons Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Wealth Dragons Group Plc
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1335.7%, this is a higher level of debt than the average (69.5%)
1335.7% - Wealth Dragons Group Plc
69.5% - Industry AVG
WEALTH DRAGONS GROUP PLC financials
Wealth Dragons Group Plc's latest turnover from December 2022 is £1.7 million and the company has net assets of -£2.7 million. According to their latest financial statements, Wealth Dragons Group Plc has 9 employees and maintains cash reserves of £8.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|
| Turnover | 1,677,328 | 2,438,886 | 3,683,132 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 610,963 | 1,210,585 | 1,909,641 | 0 | ||
| Gross Profit | 1,066,365 | 1,228,301 | 1,773,491 | 0 | ||
| Admin Expenses | 1,262,267 | 1,208,656 | 2,799,499 | 0 | ||
| Operating Profit | -195,902 | 19,645 | -1,026,008 | -184,441 | -202,500 | 0 |
| Interest Payable | 121,601 | 157,192 | 81,317 | 0 | 0 | 0 |
| Interest Receivable | 0 | 48 | 440 | 0 | 0 | 0 |
| Pre-Tax Profit | -317,503 | -137,499 | -1,106,885 | -184,441 | -202,500 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -317,503 | -137,499 | -1,106,885 | -184,441 | -202,500 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -317,503 | -137,499 | -1,106,885 | -184,441 | -202,500 | 0 |
| Employee Costs | 832,312 | 903,955 | 1,272,745 | 150,000 | 200,000 | 0 |
| Number Of Employees | 9 | 12 | 20 | 2 | 2 | |
| EBITDA* | -195,902 | 52,620 | -953,719 | -184,441 | -202,500 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 45,078 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 47,725 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 175,004 | 175,004 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 92,803 | 175,004 | 175,004 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 94,124 | 84,357 | 157,663 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 112,770 | 18,901 | 46,329 | 1,992,965 | 37,748 | 2 |
| Cash | 8,882 | 28,201 | 40,234 | 28,024 | 11,152 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 215,776 | 131,459 | 244,226 | 2,020,989 | 48,900 | 2 |
| total assets | 215,776 | 131,459 | 337,029 | 2,195,993 | 223,904 | 2 |
| Bank overdraft | 52,332 | 47,881 | 49,376 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 697,357 | 404,396 | 473,439 | 28,314 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 110,853 | 0 | 0 | 0 |
| other short term finances | 843,989 | 916,784 | 154,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 5,000 | 0 | 0 | 0 |
| other current liabilities | 1,156,344 | 1,347,247 | 200,631 | 116,846 | 251,404 | 0 |
| total current liabilities | 2,750,022 | 2,716,308 | 993,299 | 145,160 | 251,404 | 0 |
| loans | 132,139 | 142,161 | 447,006 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 7,084 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 523,943 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 132,139 | 142,161 | 978,033 | 0 | 0 | 0 |
| total liabilities | 2,882,161 | 2,858,469 | 1,971,332 | 145,160 | 251,404 | 0 |
| net assets | -2,666,385 | -2,727,010 | -1,634,303 | 2,050,833 | -27,500 | 2 |
| total shareholders funds | -2,666,385 | -2,727,010 | -1,634,303 | 2,050,833 | -27,500 | 2 |
| Dec 2022 | Dec 2021 | Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -195,902 | 19,645 | -1,026,008 | -184,441 | -202,500 | 0 |
| Depreciation | 0 | 14,073 | 24,964 | 0 | 0 | 0 |
| Amortisation | 0 | 18,902 | 47,325 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 103,636 | 103,258 | -1,788,973 | 1,955,217 | 37,746 | 2 |
| Creditors | 292,961 | 404,396 | 445,125 | 28,314 | 0 | 0 |
| Accruals and Deferred Income | -190,903 | 1,347,247 | 607,728 | -134,558 | 251,404 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -197,480 | 1,701,005 | 1,888,107 | -2,245,902 | 11,158 | -2 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | -175,004 | 0 | 175,004 | 0 |
| cash flow from investments | 0 | 0 | 175,004 | 0 | -175,004 | 0 |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 110,853 | 0 | 0 | 0 |
| Other Short Term Loans | -72,795 | 916,784 | 154,000 | 0 | 0 | 0 |
| Long term loans | -10,022 | 142,161 | 447,006 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 12,084 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -121,601 | -157,144 | -80,877 | 0 | 0 | 0 |
| cash flow from financing | 173,710 | -1,687,710 | -1,935,185 | 2,262,774 | 174,998 | 2 |
| cash and cash equivalents | ||||||
| cash | -19,319 | 28,201 | 12,210 | 16,872 | 11,152 | 0 |
| overdraft | 4,451 | 47,881 | 49,376 | 0 | 0 | 0 |
| change in cash | -23,770 | -19,680 | -37,166 | 16,872 | 11,152 | 0 |
wealth dragons group plc Credit Report and Business Information
Wealth Dragons Group Plc Competitor Analysis
Perform a competitor analysis for wealth dragons group plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in MK14 area or any other competitors across 12 key performance metrics.
wealth dragons group plc Ownership
WEALTH DRAGONS GROUP PLC group structure
Wealth Dragons Group Plc has 3 subsidiary companies.
Ultimate parent company
WEALTH DRAGONS GROUP PLC
09896161
3 subsidiaries
wealth dragons group plc directors
Wealth Dragons Group Plc currently has 2 directors. The longest serving directors include Mr Vincent Wong (Dec 2015) and Mr Klaus Schwerdtfeger (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vincent Wong | United Kingdom | 57 years | Dec 2015 | - | Director |
| Mr Klaus Schwerdtfeger | United Kingdom | 69 years | Oct 2024 | - | Director |
P&L
December 2022turnover
1.7m
-31%
operating profit
-195.9k
-1097%
gross margin
63.6%
+26.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-2.7m
-0.02%
total assets
215.8k
+0.64%
cash
8.9k
-0.69%
net assets
Total assets minus all liabilities
wealth dragons group plc company details
company number
09896161
Type
Public limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
December 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
UHY HACKER YOUNG
address
scorpio house, linford wood business park, milton keynes, MK14 6LY
Bank
BARCLAYS BANK PLC
Legal Advisor
-
wealth dragons group plc 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 wealth dragons group plc.
wealth dragons group plc 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.
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wealth dragons group plc Companies House Filings - See Documents
| date | description | view/download |
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