Dropapp Limited

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dropapp limited Company Information

Company Number

10519028

Next Accounts

May 2025

Directors

Ian Campbell

Celia Campbell

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Shareholders

verdelin limited

martin hughes

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Group Structure

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Industry

Retail sale via mail order houses or via Internet

Registered Address

herschel house 58, herschel street, slough, berkshire, SL1 1PG

Website

https://dropwine.co.uk

dropapp limited Estimated Valuation

£411.6k

Pomanda estimates the enterprise value of DROPAPP LIMITED at £411.6k based on Net Assets of £186.7k and 2.21x industry multiple (adjusted for liquidity).

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Dropapp Limited is a live company located in slough, SL1 1PG with a Companies House number of 10519028. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in December 2016, it's largest shareholder is verdelin limited with a 29.3% stake. Dropapp Limited is a young, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.

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Pomanda's financial health check has awarded Dropapp Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £1m, make it larger than the average company (£336k)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (5.5%)

EXPORT

Dropapp Limited's latest turnover from August 2023 is estimated at £1 million and the company has net assets of £186.7 thousand. According to their latest financial statements, Dropapp Limited has 9 employees and maintains cash reserves of £99.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017
Turnover	1,010,212	2,114,614	3,195,676	1,935,382	248,139	428,806	486,280
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	639,733	1,313,928	2,026,264	1,258,759	150,942	266,071	300,622
Gross Profit	370,478	800,685	1,169,412	676,623	97,197	162,735	185,658
Admin Expenses	1,366,541	2,819,170	544,235	132,644	114,672	345,701	378,553
Operating Profit	-996,063	-2,018,485	625,177	543,979	-17,475	-182,966	-192,895
Interest Payable	19,350	5,813	0	0	0	0	0
Interest Receivable	4,435	610	0	22	675	664	51
Pre-Tax Profit	-1,010,978	-2,023,687	625,177	544,001	-16,800	-182,302	-192,844
Tax	0	0	-118,784	-103,360	0	0	0
Profit After Tax	-1,010,978	-2,023,687	506,393	440,641	-16,800	-182,302	-192,844
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-1,010,978	-2,023,687	506,393	440,641	-16,800	-182,302	-192,844
Employee Costs	248,150	217,885	53,677	305,988	82,887	181,361	140,187
Number Of Employees	9	8	2	12	3	6	5
EBITDA*	-775,915	-2,018,485	625,177	609,628	36,361	-140,653	-178,579

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017
Tangible Assets	27,347	39,016	113,259	124,245	52,698	62,224	17,025
Intangible Assets	316,396	129,471	0	0	83,297	79,677	65,999
Investments & Other	0	0	179,482	0	85,261	85,261	85,261
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	343,743	168,487	292,741	124,245	221,256	227,162	168,285
Stock & work in progress	28,735	162,454	0	0	46,704	45,185	96,513
Trade Debtors	80,979	276,632	428,958	159,158	4,155	9,665	0
Group Debtors	0	2,291	0	0	0	0	0
Misc Debtors	0	289,327	0	32,815	21,997	39,127	43,686
Cash	99,190	69,759	0	0	43,494	136,487	40,566
misc current assets	0	0	0	0	0	0	0
total current assets	208,904	800,463	428,958	191,973	116,350	230,464	180,765
total assets	552,647	968,950	721,699	316,218	337,606	457,626	349,050
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	119,511	230,435	158,074	223,578	63,890	67,793	53,940
Group/Directors Accounts	0	0	0	0	0	97,232	169,219
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	52,475	224,545	0	0	20,848	21,850	116,105
total current liabilities	171,986	454,980	158,074	223,578	84,738	186,875	339,264
loans	194,000	150,000	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	8,537	18,913	0	0	0
other liabilities	0	0	0	0	0	0	0
provisions	0	32,012	0	25,032	25,839	26,922	15,775
total long term liabilities	194,000	182,012	8,537	43,945	25,839	26,922	15,775
total liabilities	365,986	636,992	166,611	267,523	110,577	213,797	355,039
net assets	186,661	331,958	555,088	48,695	227,029	243,829	-5,989
total shareholders funds	186,661	331,958	555,088	48,695	227,029	243,829	-5,989

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017
Operating Activities
Operating Profit	-996,063	-2,018,485	625,177	543,979	-17,475	-182,966	-192,895
Depreciation	11,669	0	0	16,946	11,981	11,827	2,536
Amortisation	208,479	0	0	48,703	41,855	30,486	11,780
Tax	0	0	-118,784	-103,360	0	0	0
Stock	-133,719	162,454	0	-46,704	1,519	-51,328	96,513
Debtors	-487,271	139,292	236,985	165,821	-22,640	5,106	43,686
Creditors	-110,924	72,361	-65,504	159,688	-3,903	13,853	53,940
Accruals and Deferred Income	-172,070	216,008	-10,376	-1,935	-1,002	-94,255	116,105
Deferred Taxes & Provisions	-32,012	32,012	-25,032	-807	-1,083	11,147	15,775
Cash flow from operations	-469,931	-1,999,850	168,496	544,097	51,494	-163,686	-132,958
Investing Activities
capital expenditure	-395,404	-55,228	10,986	-53,899	-47,930	-101,190	-97,340
Change in Investments	0	-179,482	179,482	-85,261	0	0	85,261
cash flow from investments	-395,404	124,254	-168,496	31,362	-47,930	-101,190	-182,601
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-97,232	-71,987	169,219
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	44,000	150,000	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	865,681	1,800,557	0	-618,975	0	432,120	186,855
interest	-14,915	-5,203	0	22	675	664	51
cash flow from financing	894,766	1,945,354	0	-618,953	-96,557	360,797	356,125
cash and cash equivalents
cash	29,431	69,759	0	-43,494	-92,993	95,921	40,566
overdraft	0	0	0	0	0	0	0
change in cash	29,431	69,759	0	-43,494	-92,993	95,921	40,566

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for dropapp limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SL1 area or any other competitors across 12 key performance metrics.

DROPAPP LIMITED group structure

Dropapp Limited has 2 subsidiary companies.

Ultimate parent company

VERDELIN LIMITED

06501750

1 parent

DROPAPP LIMITED

10519028

2 subsidiaries

DUXMOOR LIMITED

08054849

AMERSHAM BROADWAY LTD

13425693

DROPAPP LIMITED Shareholders

verdelin limited	29.26%
martin hughes	11.43%
troon investments limited	9.47%
bobby watkins	8.03%
seedrs nominees limited	5.98%
colin campbell	4.64%
mickey pallett	4.56%
mcnolan ventures ltd	4.29%
mark phillips	2.83%
mr ian hugh forbes campbell	2.49%

Dropapp Limited currently has 5 directors. The longest serving directors include Mr Ian Campbell (Dec 2016) and Ms Celia Campbell (Feb 2017).

officer	country	age	start	end	role
Mr Ian Campbell	England	44 years	Dec 2016	-	Director
Ms Celia Campbell		45 years	Feb 2017	-	Director
Mr William Palmer	England	43 years	Feb 2017	-	Director
Mr Steven Scott	England	59 years	Jun 2017	-	Director
Mr Robert Watkins	England	51 years	Jan 2021	-	Director

P&L

August 2023

turnover

-52%

operating profit

-996.1k

gross margin

36.7%

-3.15%

turnover

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

Balance Sheet

August 2023

net assets

186.7k

-0.44%

total assets

552.6k

-0.43%

cash

99.2k

+0.42%

net assets

Total assets minus all liabilities

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company number

10519028

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

December 2016

ultimate parent company

VERDELIN LIMITED

previous names

N/A

address

herschel house 58, herschel street, slough, berkshire, SL1 1PG

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 dropapp limited.

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dropapp limited Company Information

dropapp limited Estimated Valuation

dropapp limited Estimated Valuation

dropapp limited Estimated Valuation

Dropapp Limited Overview

Dropapp Limited Health Check

DROPAPP LIMITED financials

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dropapp limited Ownership

dropapp limited directors

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dropapp limited Companies House Filings - See Documents