drake wealth management ltd
drake wealth management ltd Company Information
Company Number
11196498
Website
www.drakewealth.comRegistered Address
the waterfront salts mill road, shipley, BD17 7EZ
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
01138198717
Next Accounts Due
December 2025
Group Structure
View All
Directors
Adam Drake6 Years
Shareholders
adam christian drake 100%
drake wealth management ltd Estimated Valuation
Pomanda estimates the enterprise value of DRAKE WEALTH MANAGEMENT LTD at £212.8k based on a Turnover of £235k and 0.91x industry multiple (adjusted for size and gross margin).
drake wealth management ltd Estimated Valuation
Pomanda estimates the enterprise value of DRAKE WEALTH MANAGEMENT LTD at £99.1k based on an EBITDA of £27.5k and a 3.61x industry multiple (adjusted for size and gross margin).
drake wealth management ltd Estimated Valuation
Pomanda estimates the enterprise value of DRAKE WEALTH MANAGEMENT LTD at £188.1k based on Net Assets of £92.1k and 2.04x industry multiple (adjusted for liquidity).
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Drake Wealth Management Ltd Overview
Drake Wealth Management Ltd is a live company located in shipley, BD17 7EZ with a Companies House number of 11196498. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 2018, it's largest shareholder is adam christian drake with a 100% stake. Drake Wealth Management Ltd is a young, micro sized company, Pomanda has estimated its turnover at £235k with declining growth in recent years.
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Drake Wealth Management Ltd Health Check
Pomanda's financial health check has awarded Drake Wealth Management Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £235k, make it smaller than the average company (£5.1m)
- Drake Wealth Management Ltd
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.1%)
- Drake Wealth Management Ltd
6.1% - Industry AVG
Production
with a gross margin of 17.9%, this company has a higher cost of product (57.1%)
- Drake Wealth Management Ltd
57.1% - Industry AVG
Profitability
an operating margin of 11.7% make it more profitable than the average company (9.4%)
- Drake Wealth Management Ltd
9.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Drake Wealth Management Ltd
13 - Industry AVG
Pay Structure
on an average salary of £80.4k, the company has an equivalent pay structure (£80.4k)
- Drake Wealth Management Ltd
£80.4k - Industry AVG
Efficiency
resulting in sales per employee of £117.5k, this is less efficient (£230.3k)
- Drake Wealth Management Ltd
£230.3k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (31 days)
- Drake Wealth Management Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 490 days, this is slower than average (33 days)
- Drake Wealth Management Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Drake Wealth Management Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Drake Wealth Management Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.9%, this is a higher level of debt than the average (57.7%)
76.9% - Drake Wealth Management Ltd
57.7% - Industry AVG
DRAKE WEALTH MANAGEMENT LTD financials
Drake Wealth Management Ltd's latest turnover from March 2024 is estimated at £235 thousand and the company has net assets of £92.1 thousand. According to their latest financial statements, Drake Wealth Management Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 2 | 2 | 2 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 342,614 | 428,322 | 515,081 | 601,434 | 687,414 | 770,400 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 342,614 | 428,322 | 515,081 | 601,434 | 687,414 | 770,400 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 54,522 | 72,500 | 28,405 | 31,285 | 37,597 | 40,318 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,990 | 9,297 | 9,219 | 2,336 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 56,512 | 81,797 | 37,624 | 33,621 | 37,597 | 40,318 |
| total assets | 399,126 | 510,119 | 552,705 | 635,055 | 725,011 | 810,718 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 259,339 | 408,339 | 451,499 | 566,787 | 657,036 | 776,704 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 259,339 | 408,339 | 451,499 | 566,787 | 657,036 | 776,704 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,166 | 1,106 | 1,067 | 1,002 | 984 | 900 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 46,568 | 29,224 | 28,264 | 0 | 0 | 0 |
| total long term liabilities | 47,734 | 30,330 | 29,331 | 1,002 | 984 | 900 |
| total liabilities | 307,073 | 438,669 | 480,830 | 567,789 | 658,020 | 777,604 |
| net assets | 92,053 | 71,450 | 71,875 | 67,266 | 66,991 | 33,114 |
| total shareholders funds | 92,053 | 71,450 | 71,875 | 67,266 | 66,991 | 33,114 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -25,285 | 44,173 | 4,003 | -3,976 | -2,721 | 40,318 |
| Creditors | -149,000 | -43,160 | -115,288 | -90,249 | -119,668 | 776,704 |
| Accruals and Deferred Income | 60 | 39 | 65 | 18 | 84 | 900 |
| Deferred Taxes & Provisions | 17,344 | 960 | 28,264 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
drake wealth management ltd Credit Report and Business Information
Drake Wealth Management Ltd Competitor Analysis
Perform a competitor analysis for drake wealth management ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in BD17 area or any other competitors across 12 key performance metrics.
drake wealth management ltd Ownership
DRAKE WEALTH MANAGEMENT LTD group structure
Drake Wealth Management Ltd has no subsidiary companies.
Ultimate parent company
DRAKE WEALTH MANAGEMENT LTD
11196498
drake wealth management ltd directors
Drake Wealth Management Ltd currently has 1 director, Mr Adam Drake serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Drake | England | 50 years | Feb 2018 | - | Director |
P&L
March 2024turnover
235k
-9%
operating profit
27.5k
0%
gross margin
18%
-19.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
92.1k
+0.29%
total assets
399.1k
-0.22%
cash
0
0%
net assets
Total assets minus all liabilities
drake wealth management ltd company details
company number
11196498
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
February 2018
age
6
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2024
address
the waterfront salts mill road, shipley, BD17 7EZ
accountant
-
auditor
-
drake wealth management ltd 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 drake wealth management ltd.
drake wealth management ltd Companies House Filings - See Documents
| date | description | view/download |
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