devonshire homes (st austell) limited
devonshire homes (st austell) limited Company Information
Company Number
10481177
Website
-Registered Address
gotham house hammett square, phoenix lane, tiverton, devon, EX16 6LT
Industry
Construction of domestic buildings
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
housing growth partnership gp llp 50%
devonshire homes limited 50%
devonshire homes (st austell) limited Estimated Valuation
Pomanda estimates the enterprise value of DEVONSHIRE HOMES (ST AUSTELL) LIMITED at £6.8m based on a Turnover of £13.2m and 0.52x industry multiple (adjusted for size and gross margin).
devonshire homes (st austell) limited Estimated Valuation
Pomanda estimates the enterprise value of DEVONSHIRE HOMES (ST AUSTELL) LIMITED at £13m based on an EBITDA of £3.1m and a 4.17x industry multiple (adjusted for size and gross margin).
devonshire homes (st austell) limited Estimated Valuation
Pomanda estimates the enterprise value of DEVONSHIRE HOMES (ST AUSTELL) LIMITED at £8m based on Net Assets of £6.4m and 1.26x industry multiple (adjusted for liquidity).
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Devonshire Homes (st Austell) Limited Overview
Devonshire Homes (st Austell) Limited is a live company located in tiverton, EX16 6LT with a Companies House number of 10481177. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in November 2016, it's largest shareholder is housing growth partnership gp llp with a 50% stake. Devonshire Homes (st Austell) Limited is a young, mid sized company, Pomanda has estimated its turnover at £13.2m with high growth in recent years.
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Devonshire Homes (st Austell) Limited Health Check
Pomanda's financial health check has awarded Devonshire Homes (St Austell) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
1 Weak
Size
annual sales of £13.2m, make it larger than the average company (£432k)
£13.2m - Devonshire Homes (st Austell) Limited
£432k - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.6%)
18% - Devonshire Homes (st Austell) Limited
8.6% - Industry AVG
Production
with a gross margin of 23.5%, this company has a comparable cost of product (21.4%)
23.5% - Devonshire Homes (st Austell) Limited
21.4% - Industry AVG
Profitability
an operating margin of 23.5% make it more profitable than the average company (5.3%)
23.5% - Devonshire Homes (st Austell) Limited
5.3% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Devonshire Homes (st Austell) Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Devonshire Homes (st Austell) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £4.4m, this is more efficient (£196.9k)
£4.4m - Devonshire Homes (st Austell) Limited
£196.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Devonshire Homes (st Austell) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (30 days)
0 days - Devonshire Homes (st Austell) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 83 days, this is less than average (300 days)
83 days - Devonshire Homes (st Austell) Limited
300 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 272 weeks, this is more cash available to meet short term requirements (14 weeks)
272 weeks - Devonshire Homes (st Austell) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.3%, this is a lower level of debt than the average (71.6%)
6.3% - Devonshire Homes (st Austell) Limited
71.6% - Industry AVG
devonshire homes (st austell) limited Credit Report and Business Information
Devonshire Homes (st Austell) Limited Competitor Analysis
Perform a competitor analysis for devonshire homes (st austell) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
devonshire homes (st austell) limited Ownership
DEVONSHIRE HOMES (ST AUSTELL) LIMITED group structure
Devonshire Homes (St Austell) Limited has no subsidiary companies.
Ultimate parent company
DEVONSHIRE HOMES (ST AUSTELL) LIMITED
10481177
devonshire homes (st austell) limited directors
Devonshire Homes (St Austell) Limited currently has 3 directors. The longest serving directors include Mr Owen O'Callaghan (Nov 2016) and Mrs Jane Pearce (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Owen O'Callaghan | United Kingdom | 61 years | Nov 2016 | - | Director |
| Mrs Jane Pearce | England | 55 years | Jun 2019 | - | Director |
| Mr Angus Cook | England | 48 years | Nov 2021 | - | Director |
DEVONSHIRE HOMES (ST AUSTELL) LIMITED financials
Devonshire Homes (St Austell) Limited's latest turnover from September 2023 is £13.2 million and the company has net assets of £6.4 million. According to their latest financial statements, Devonshire Homes (St Austell) Limited has 3 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 13,246,981 | 7,299,612 | 14,238,662 | 8,157,503 | 739,007 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,133,150 | 5,584,201 | 10,929,884 | 6,943,651 | 629,524 | 0 | 0 |
| Gross Profit | 3,113,831 | 1,715,411 | 3,308,778 | 1,213,852 | 109,483 | 0 | 0 |
| Admin Expenses | 436 | 42 | 5,603 | 4,734 | 4,763 | 2,013 | 0 |
| Operating Profit | 3,113,395 | 1,715,369 | 3,303,175 | 1,209,118 | 104,720 | -2,013 | 0 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,113,395 | 1,715,369 | 3,303,175 | 1,209,118 | 104,720 | -2,013 | 0 |
| Tax | -696,794 | -325,855 | -627,668 | -229,000 | -14,327 | 342 | 0 |
| Profit After Tax | 2,416,601 | 1,389,514 | 2,675,507 | 980,118 | 90,393 | -1,671 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,416,601 | 1,389,514 | 2,675,507 | 980,118 | 90,393 | -1,671 | 0 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 3 | 3 | 2 | ||||
| EBITDA* | 3,113,395 | 1,715,369 | 3,303,175 | 1,209,118 | 104,720 | -2,013 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 2,326,251 | 7,281,461 | 9,049,449 | 11,878,369 | 11,982,924 | 7,143,096 | 0 |
| Trade Debtors | 0 | 0 | 0 | 102,980 | 0 | 0 | 0 |
| Group Debtors | 2,378,313 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 22,129 | 42,667 | 59,969 | 40,380 | 108,380 | 342 | 1 |
| Cash | 2,083,672 | 1,809,114 | 1,979,182 | 576,725 | 195,847 | 20,615 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,810,365 | 9,133,242 | 11,088,600 | 12,598,454 | 12,287,151 | 7,164,053 | 1 |
| total assets | 6,810,365 | 9,133,242 | 11,088,600 | 12,598,454 | 12,287,151 | 7,164,053 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 2,695,992 | 2,253,770 | 802,750 | 0 |
| Trade Creditors | 11,645 | 1,980 | 0 | 0 | 1,198,000 | 2,396,000 | 0 |
| Group/Directors Accounts | 0 | 4,215,717 | 5,596,632 | 7,641,406 | 7,615,315 | 3,964,972 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 386,280 | 906,061 | 1,706,019 | 1,180,305 | 1,130,442 | 2,000 | 0 |
| total current liabilities | 397,925 | 5,123,758 | 7,302,651 | 11,517,703 | 12,197,527 | 7,165,722 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 29,200 | 42,845 | 41,600 | 11,909 | 900 | 0 | 0 |
| total long term liabilities | 29,200 | 42,845 | 41,600 | 11,909 | 900 | 0 | 0 |
| total liabilities | 427,125 | 5,166,603 | 7,344,251 | 11,529,612 | 12,198,427 | 7,165,722 | 0 |
| net assets | 6,383,240 | 3,966,639 | 3,744,349 | 1,068,842 | 88,724 | -1,669 | 1 |
| total shareholders funds | 6,383,240 | 3,966,639 | 3,744,349 | 1,068,842 | 88,724 | -1,669 | 1 |
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 3,113,395 | 1,715,369 | 3,303,175 | 1,209,118 | 104,720 | -2,013 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -696,794 | -325,855 | -627,668 | -229,000 | -14,327 | 342 | 0 |
| Stock | -4,955,210 | -1,767,988 | -2,828,920 | -104,555 | 4,839,828 | 7,143,096 | 0 |
| Debtors | 2,357,775 | -17,302 | -83,391 | 34,980 | 108,038 | 341 | 1 |
| Creditors | 9,665 | 1,980 | 0 | -1,198,000 | -1,198,000 | 2,396,000 | 0 |
| Accruals and Deferred Income | -519,781 | -799,958 | 525,714 | 49,863 | 1,128,442 | 2,000 | 0 |
| Deferred Taxes & Provisions | -13,645 | 1,245 | 29,691 | 11,009 | 900 | 0 | 0 |
| Cash flow from operations | 4,490,275 | 2,378,071 | 6,143,223 | -87,435 | -4,926,131 | -4,747,108 | -1 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | -2,695,992 | 442,222 | 1,451,020 | 802,750 | 0 |
| Group/Directors Accounts | -4,215,717 | -1,380,915 | -2,044,774 | 26,091 | 3,650,343 | 3,964,972 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -4,215,717 | -2,548,139 | -4,740,766 | 468,313 | 5,101,363 | 4,767,723 | 1 |
| cash and cash equivalents | |||||||
| cash | 274,558 | -170,068 | 1,402,457 | 380,878 | 175,232 | 20,615 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 274,558 | -170,068 | 1,402,457 | 380,878 | 175,232 | 20,615 | 0 |
P&L
September 2023turnover
13.2m
+81%
operating profit
3.1m
+82%
gross margin
23.6%
+0.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
6.4m
+0.61%
total assets
6.8m
-0.25%
cash
2.1m
+0.15%
net assets
Total assets minus all liabilities
Similar Companies
devonshire homes (st austell) limited company details
company number
10481177
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
November 2016
age
8
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
gotham house hammett square, phoenix lane, tiverton, devon, EX16 6LT
last accounts submitted
September 2023
devonshire homes (st austell) 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 devonshire homes (st austell) limited. Currently there are 0 open charges and 3 have been satisfied in the past.
devonshire homes (st austell) limited Companies House Filings - See Documents
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