direct works (clova) ltd
direct works (clova) ltd Company Information
Company Number
12471822
Website
-Registered Address
11 st. thomas court, bognor regis, PO21 4RL
Industry
Other building completion and finishing
Painting
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
laurence hill 50%
clive harrington 50%
direct works (clova) ltd Estimated Valuation
Pomanda estimates the enterprise value of DIRECT WORKS (CLOVA) LTD at £7.5k based on a Turnover of £27.6k and 0.27x industry multiple (adjusted for size and gross margin).
direct works (clova) ltd Estimated Valuation
Pomanda estimates the enterprise value of DIRECT WORKS (CLOVA) LTD at £0 based on an EBITDA of £-7.7k and a 2.84x industry multiple (adjusted for size and gross margin).
direct works (clova) ltd Estimated Valuation
Pomanda estimates the enterprise value of DIRECT WORKS (CLOVA) LTD at £0 based on Net Assets of £-7.8k and 1.95x industry multiple (adjusted for liquidity).
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Direct Works (clova) Ltd Overview
Direct Works (clova) Ltd is a live company located in bognor regis, PO21 4RL with a Companies House number of 12471822. It operates in the painting sector, SIC Code 43341. Founded in February 2020, it's largest shareholder is laurence hill with a 50% stake. Direct Works (clova) Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £27.6k with unknown growth in recent years.
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Direct Works (clova) Ltd Health Check
Pomanda's financial health check has awarded Direct Works (Clova) Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £27.6k, make it smaller than the average company (£208.3k)
- Direct Works (clova) Ltd
£208.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Direct Works (clova) Ltd
- - Industry AVG
Production
with a gross margin of 17.6%, this company has a higher cost of product (29.1%)
- Direct Works (clova) Ltd
29.1% - Industry AVG
Profitability
an operating margin of -27.7% make it less profitable than the average company (7%)
- Direct Works (clova) Ltd
7% - Industry AVG
Employees
with 1 employees, this is below the industry average (2)
1 - Direct Works (clova) Ltd
2 - Industry AVG
Pay Structure
on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)
- Direct Works (clova) Ltd
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £27.6k, this is less efficient (£103.3k)
- Direct Works (clova) Ltd
£103.3k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (50 days)
- Direct Works (clova) Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 126 days, this is slower than average (28 days)
- Direct Works (clova) Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Direct Works (clova) Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Direct Works (clova) Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9759.3%, this is a higher level of debt than the average (73.2%)
9759.3% - Direct Works (clova) Ltd
73.2% - Industry AVG
DIRECT WORKS (CLOVA) LTD financials
Direct Works (Clova) Ltd's latest turnover from February 2023 is estimated at £27.6 thousand and the company has net assets of -£7.8 thousand. According to their latest financial statements, Direct Works (Clova) Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| 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 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 81 | 241 | 217 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 81 | 241 | 217 |
| total assets | 81 | 241 | 217 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 7,905 | 398 | 2,924 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 7,905 | 398 | 2,924 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 7,905 | 398 | 2,924 |
| net assets | -7,824 | -157 | -2,707 |
| total shareholders funds | -7,824 | -157 | -2,707 |
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -160 | 24 | 217 |
| Creditors | 7,507 | -2,526 | 2,924 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
direct works (clova) ltd Credit Report and Business Information
Direct Works (clova) Ltd Competitor Analysis
Perform a competitor analysis for direct works (clova) ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in PO21 area or any other competitors across 12 key performance metrics.
direct works (clova) ltd Ownership
DIRECT WORKS (CLOVA) LTD group structure
Direct Works (Clova) Ltd has no subsidiary companies.
Ultimate parent company
DIRECT WORKS (CLOVA) LTD
12471822
direct works (clova) ltd directors
Direct Works (Clova) Ltd currently has 2 directors. The longest serving directors include Mr Clive Harrington (Feb 2020) and Mr Clive Harrington (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clive Harrington | England | 64 years | Feb 2020 | - | Director |
| Mr Clive Harrington | England | 64 years | Feb 2020 | - | Director |
P&L
February 2023turnover
27.6k
+98%
operating profit
-7.7k
0%
gross margin
17.6%
+8.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-7.8k
+48.83%
total assets
81
-0.66%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
direct works (clova) ltd company details
company number
12471822
Type
Private limited with Share Capital
industry
43390 - Other building completion and finishing
43341 - Painting
incorporation date
February 2020
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
11 st. thomas court, bognor regis, PO21 4RL
Bank
-
Legal Advisor
-
direct works (clova) 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 direct works (clova) ltd.
direct works (clova) ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
