dart leasing & finance limited
dart leasing & finance limited Company Information
Group Structure
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Industry
Renting and leasing of passenger air transport equipment
Registered Address
low fare finder house, leeds bradford airport,, leeds, west yorkshire, LS19 7TU
Website
https://www.jet2plc.comdart leasing & finance limited Estimated Valuation
Pomanda estimates the enterprise value of DART LEASING & FINANCE LIMITED at £182.1m based on a Turnover of £44.3m and 4.11x industry multiple (adjusted for size and gross margin).
dart leasing & finance limited Estimated Valuation
Pomanda estimates the enterprise value of DART LEASING & FINANCE LIMITED at £391.5m based on an EBITDA of £44.3m and a 8.84x industry multiple (adjusted for size and gross margin).
dart leasing & finance limited Estimated Valuation
Pomanda estimates the enterprise value of DART LEASING & FINANCE LIMITED at £90.3m based on Net Assets of £42m and 2.15x industry multiple (adjusted for liquidity).
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Dart Leasing & Finance Limited Overview
Dart Leasing & Finance Limited is a live company located in leeds, LS19 7TU with a Companies House number of 10646029. It operates in the renting and leasing of air passenger transport equipment sector, SIC Code 77351. Founded in March 2017, it's largest shareholder is jet2 plc with a 100% stake. Dart Leasing & Finance Limited is a young, large sized company, Pomanda has estimated its turnover at £44.3m with declining growth in recent years.
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Dart Leasing & Finance Limited Health Check
Pomanda's financial health check has awarded Dart Leasing & Finance Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 0 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
0 Weak
Size
annual sales of £44.3m, make it larger than the average company (£4m)
£44.3m - Dart Leasing & Finance Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a faster rate (-4%)
-2% - Dart Leasing & Finance Limited
-4% - Industry AVG
Production
with a gross margin of 65.5%, this company has a comparable cost of product (65.5%)
65.5% - Dart Leasing & Finance Limited
65.5% - Industry AVG
Profitability
an operating margin of 59.8% make it more profitable than the average company (43.9%)
59.8% - Dart Leasing & Finance Limited
43.9% - Industry AVG
Employees
with 51 employees, this is above the industry average (3)
- Dart Leasing & Finance Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Dart Leasing & Finance Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £869.6k, this is equally as efficient (£885.9k)
- Dart Leasing & Finance Limited
£885.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Dart Leasing & Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Dart Leasing & Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Dart Leasing & Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (3 weeks)
46 weeks - Dart Leasing & Finance Limited
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.7%, this is a similar level of debt than the average (98.8%)
92.7% - Dart Leasing & Finance Limited
98.8% - Industry AVG
DART LEASING & FINANCE LIMITED financials
Dart Leasing & Finance Limited's latest turnover from March 2024 is £44.3 million and the company has net assets of £42 million. According to their latest financial statements, we estimate that Dart Leasing & Finance Limited has 51 employees and maintains cash reserves of £106.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 44,347,135 | 42,392,703 | 44,391,576 | 46,474,099 | 41,642,035 | 42,149,139 | 20,141,729 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 26,528,650 | 25,504,504 | 26,694,640 | 28,009,946 | 25,194,207 | 27,581,748 | 13,086,276 |
| Interest Payable | 18,537,582 | 17,197,033 | 17,435,674 | 20,217,157 | 21,506,870 | 23,390,964 | 9,173,637 |
| Interest Receivable | 6,504,428 | 3,161,002 | 481,355 | 837,961 | 2,985,518 | 2,571,600 | 122,366 |
| Pre-Tax Profit | 14,495,496 | 11,468,473 | 9,740,321 | 8,630,750 | 6,672,856 | 6,762,384 | 4,035,006 |
| Tax | -3,414,579 | -5,346,302 | -13,589,581 | -1,471,198 | -4,655,032 | 1,137,337 | 246,283 |
| Profit After Tax | 11,080,917 | 6,122,171 | -3,849,260 | 7,159,552 | 2,017,824 | 7,899,722 | 4,281,289 |
| Dividends Paid | |||||||
| Retained Profit | 11,080,917 | 6,122,171 | -3,849,260 | 7,159,552 | 2,017,824 | 7,899,722 | 4,281,289 |
| Employee Costs | |||||||
| Number Of Employees | |||||||
| EBITDA* | 44,270,683 | 42,317,008 | 44,311,614 | 46,390,385 | 41,565,540 | 42,073,217 | 19,869,114 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 204,350,919 | 132,846,113 | 430,318,264 | 468,864,484 | 435,925,733 | 457,474,253 | 486,232,187 |
| Intangible Assets | 252,100,522 | 261,783,362 | |||||
| Investments & Other | 6,789,039 | 75,694 | 79,171 | 82,885 | 74,267 | 75,171 | 77,447 |
| Debtors (Due After 1 year) | 428,311 | 828 | |||||
| Total Fixed Assets | 463,240,481 | 394,705,170 | 430,825,746 | 468,948,197 | 436,000,000 | 457,549,425 | 486,309,634 |
| Stock & work in progress | |||||||
| Trade Debtors | |||||||
| Group Debtors | 8,414,957 | 1,351,436 | 707,003 | 917,192 | 1,259,114 | 11,100,526 | |
| Misc Debtors | 938,611 | 1,145,257 | 70,461 | 3,714,048 | 4,562,198 | 9,461,023 | 10,923,946 |
| Cash | 106,792,067 | 116,495,345 | 123,583,248 | 147,483,630 | 132,529,521 | 124,698,188 | 84,076,053 |
| misc current assets | 2,827,189 | 5,815,608 | |||||
| total current assets | 110,557,868 | 131,871,168 | 125,005,146 | 151,904,683 | 138,008,912 | 135,418,327 | 106,100,527 |
| total assets | 573,798,350 | 526,576,338 | 555,830,892 | 620,852,880 | 574,008,912 | 592,967,752 | 592,410,161 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 3,759 | ||||||
| Group/Directors Accounts | 72,306,411 | 53,700,704 | 42,827,963 | 43,197,679 | 27,607,130 | 16,182,064 | 6,431,227 |
| other short term finances | 12,130,043 | 9,143,138 | 9,881,244 | 10,089,515 | 7,994,058 | 8,029,016 | 5,924,721 |
| hp & lease commitments | 33,044,432 | 35,870,108 | 37,952,656 | 32,429,341 | 31,592,276 | 30,722,393 | 29,739,002 |
| other current liabilities | 2,797,668 | 2,755,279 | 2,268,228 | 3,147,119 | 3,235,796 | 3,468,390 | 3,173,017 |
| total current liabilities | 120,278,556 | 101,469,230 | 92,930,093 | 88,863,655 | 70,429,261 | 58,405,623 | 45,267,968 |
| loans | 119,965,937 | 56,565,740 | 70,161,507 | 138,049,730 | 98,158,930 | 93,591,671 | 76,016,109 |
| hp & lease commitments | 222,777,988 | 279,021,270 | 325,920,354 | 339,249,896 | 368,297,066 | 401,765,015 | 442,916,666 |
| Accruals and Deferred Income | |||||||
| other liabilities | 22,405,514 | ||||||
| provisions | 68,809,325 | 61,411,702 | 48,853,614 | 43,147,119 | 36,251,021 | 29,091,182 | |
| total long term liabilities | 411,553,251 | 396,998,713 | 444,935,476 | 520,446,747 | 502,707,018 | 524,447,869 | 541,338,290 |
| total liabilities | 531,831,807 | 498,467,943 | 537,865,569 | 609,310,402 | 573,136,279 | 582,853,492 | 586,606,258 |
| net assets | 41,966,543 | 28,108,395 | 17,965,323 | 11,542,478 | 872,633 | 10,114,260 | 5,803,903 |
| total shareholders funds | 41,966,543 | 28,108,395 | 17,965,323 | 11,542,478 | 872,633 | 10,114,260 | 5,803,903 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 26,528,650 | 25,504,504 | 26,694,640 | 28,009,946 | 25,194,207 | 27,581,748 | 13,086,276 |
| Depreciation | 6,889,713 | 5,817,879 | 17,616,974 | 18,380,439 | 16,371,333 | 14,491,468 | 6,782,838 |
| Amortisation | 10,852,320 | 10,994,625 | |||||
| Tax | -3,414,579 | -5,346,302 | -13,589,581 | -1,471,198 | -4,655,032 | 1,137,337 | 246,283 |
| Stock | |||||||
| Debtors | -8,621,603 | 7,710,005 | -2,571,671 | -1,057,511 | -5,240,747 | -11,304,335 | 22,024,473 |
| Creditors | -3,759 | 3,759 | |||||
| Accruals and Deferred Income | 42,389 | 487,051 | -878,891 | -88,677 | -232,594 | 295,373 | 3,173,017 |
| Deferred Taxes & Provisions | 7,397,623 | 12,558,088 | 5,706,495 | 6,896,098 | 7,159,839 | 29,091,182 | |
| Cash flow from operations | 56,917,719 | 42,305,840 | 38,121,308 | 52,784,119 | 49,074,741 | 83,905,202 | 1,263,941 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 6,713,345 | -3,476 | -3,715 | 8,619 | -904 | -2,276 | 77,447 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 18,605,707 | 10,872,741 | -369,716 | 15,590,550 | 11,425,065 | 9,750,837 | 6,431,227 |
| Other Short Term Loans | 2,986,905 | -738,106 | -208,271 | 2,095,457 | -34,958 | 2,104,295 | 5,924,721 |
| Long term loans | 63,400,197 | -13,595,767 | -67,888,223 | 39,890,800 | 4,567,259 | 17,575,562 | 76,016,109 |
| Hire Purchase and Lease Commitments | -59,068,958 | -48,981,632 | -7,806,227 | -28,210,105 | -32,598,066 | -40,168,260 | 472,655,668 |
| other long term liabilities | -22,405,514 | 22,405,514 | |||||
| share issue | |||||||
| interest | -12,033,154 | -14,036,031 | -16,954,319 | -19,379,196 | -18,521,352 | -20,819,364 | -9,051,271 |
| cash flow from financing | 16,667,929 | -62,457,895 | -82,954,651 | 13,497,799 | -46,421,503 | -57,551,809 | 575,904,582 |
| cash and cash equivalents | |||||||
| cash | -9,703,278 | -7,087,903 | -23,900,383 | 14,954,109 | 7,831,333 | 40,622,135 | 84,076,053 |
| overdraft | |||||||
| change in cash | -9,703,278 | -7,087,903 | -23,900,383 | 14,954,109 | 7,831,333 | 40,622,135 | 84,076,053 |
dart leasing & finance limited Credit Report and Business Information
Dart Leasing & Finance Limited Competitor Analysis
Perform a competitor analysis for dart leasing & finance limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in LS19 area or any other competitors across 12 key performance metrics.
dart leasing & finance limited Ownership
DART LEASING & FINANCE LIMITED group structure
Dart Leasing & Finance Limited has 1 subsidiary company.
Ultimate parent company
1 parent
DART LEASING & FINANCE LIMITED
10646029
1 subsidiary
dart leasing & finance limited directors
Dart Leasing & Finance Limited currently has 2 directors. The longest serving directors include Mr Gary Brown (Mar 2017) and Mr Christopher Essex (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Brown | England | 59 years | Mar 2017 | - | Director |
| Mr Christopher Essex | United Kingdom | 62 years | Mar 2024 | - | Director |
P&L
March 2024turnover
44.3m
+5%
operating profit
26.5m
+4%
gross margin
65.6%
-1.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
42m
+0.49%
total assets
573.8m
+0.09%
cash
106.8m
-0.08%
net assets
Total assets minus all liabilities
dart leasing & finance limited company details
company number
10646029
Type
Private limited with Share Capital
industry
77351 - Renting and leasing of passenger air transport equipment
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
KPMG LLP
address
low fare finder house, leeds bradford airport,, leeds, west yorkshire, LS19 7TU
Bank
BARCLAYS BANK PLC
Legal Advisor
HERBERT SMITH FREEHILLS LLP NORTON ROSE FULLBRIGHT LLP
dart leasing & finance 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 43 charges/mortgages relating to dart leasing & finance limited. Currently there are 25 open charges and 18 have been satisfied in the past.
dart leasing & finance 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 DART LEASING & FINANCE LIMITED. This can take several minutes, an email will notify you when this has completed.
dart leasing & finance limited Companies House Filings - See Documents
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