development procurement limited
development procurement limited Company Information
Company Number
12978690
Next Accounts
Jun 2025
Directors
Shareholders
dragoncrest limited
candover holdings limited
View AllGroup Structure
View All
Industry
Wholesale of furniture, carpets and lighting equipment
Registered Address
216 clive road, london, SE21 8BS
Website
-development procurement limited Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT PROCUREMENT LIMITED at £219.1k based on a Turnover of £827.4k and 0.26x industry multiple (adjusted for size and gross margin).
development procurement limited Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT PROCUREMENT LIMITED at £403.9k based on an EBITDA of £153.5k and a 2.63x industry multiple (adjusted for size and gross margin).
development procurement limited Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT PROCUREMENT LIMITED at £283.3k based on Net Assets of £177.8k and 1.59x industry multiple (adjusted for liquidity).
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Development Procurement Limited Overview
Development Procurement Limited is a live company located in london, SE21 8BS with a Companies House number of 12978690. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in October 2020, it's largest shareholder is dragoncrest limited with a 49% stake. Development Procurement Limited is a young, small sized company, Pomanda has estimated its turnover at £827.4k with unknown growth in recent years.
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Development Procurement Limited Health Check
Pomanda's financial health check has awarded Development Procurement Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £827.4k, make it smaller than the average company (£15.7m)
- Development Procurement Limited
£15.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Development Procurement Limited
- - Industry AVG
Production
with a gross margin of 20.6%, this company has a higher cost of product (28.4%)
- Development Procurement Limited
28.4% - Industry AVG
Profitability
an operating margin of 18.6% make it more profitable than the average company (2.2%)
- Development Procurement Limited
2.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (48)
1 - Development Procurement Limited
48 - Industry AVG
Pay Structure
on an average salary of £36.6k, the company has an equivalent pay structure (£36.6k)
- Development Procurement Limited
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £827.4k, this is more efficient (£318.4k)
- Development Procurement Limited
£318.4k - Industry AVG
Debtor Days
it gets paid by customers after 126 days, this is later than average (40 days)
- Development Procurement Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (33 days)
- Development Procurement Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Development Procurement Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Development Procurement Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39%, this is a lower level of debt than the average (69.2%)
39% - Development Procurement Limited
69.2% - Industry AVG
DEVELOPMENT PROCUREMENT LIMITED financials
Development Procurement Limited's latest turnover from September 2023 is estimated at £827.4 thousand and the company has net assets of £177.8 thousand. According to their latest financial statements, Development Procurement Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 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
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | |||
| Trade Debtors | 287,644 | 64,787 | 219,631 |
| Group Debtors | |||
| Misc Debtors | 3,626 | 3,499 | 8,759 |
| Cash | |||
| misc current assets | |||
| total current assets | 291,270 | 68,286 | 228,390 |
| total assets | 291,270 | 68,286 | 228,390 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 110,147 | 2,582 | 149,535 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | |||
| total current liabilities | 110,147 | 2,582 | 149,535 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | 3,300 | 3,000 | 2,750 |
| other liabilities | |||
| provisions | |||
| total long term liabilities | 3,300 | 3,000 | 2,750 |
| total liabilities | 113,447 | 5,582 | 152,285 |
| net assets | 177,823 | 62,704 | 76,105 |
| total shareholders funds | 177,823 | 62,704 | 76,105 |
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 222,984 | -160,104 | 228,390 |
| Creditors | 107,565 | -146,953 | 149,535 |
| Accruals and Deferred Income | 300 | 250 | 2,750 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | |||
| overdraft | |||
| change in cash |
development procurement limited Credit Report and Business Information
Development Procurement Limited Competitor Analysis
Perform a competitor analysis for development procurement 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 SE21 area or any other competitors across 12 key performance metrics.
development procurement limited Ownership
DEVELOPMENT PROCUREMENT LIMITED group structure
Development Procurement Limited has no subsidiary companies.
Ultimate parent company
DEVELOPMENT PROCUREMENT LIMITED
12978690
development procurement limited directors
Development Procurement Limited currently has 1 director, Mr Matthew Robertson serving since Oct 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Robertson | England | 47 years | Oct 2020 | - | Director |
P&L
September 2023turnover
827.4k
+332%
operating profit
153.5k
0%
gross margin
20.7%
-6.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
177.8k
+1.84%
total assets
291.3k
+3.27%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
development procurement limited company details
company number
12978690
Type
Private limited with Share Capital
industry
46470 - Wholesale of furniture, carpets and lighting equipment
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
AYAZ AND CO
auditor
-
address
216 clive road, london, SE21 8BS
Bank
-
Legal Advisor
-
development procurement 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 did not find charges/mortgages relating to development procurement limited.
development procurement 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.
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development procurement limited Companies House Filings - See Documents
| date | description | view/download |
|---|
