ducales asset no. 2 limited
ducales asset no. 2 limited Company Information
Company Number
NI619032
Next Accounts
Jun 2025
Shareholders
ducales trading no.1 limited
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
16 talbot street, saint anne's square, belfast, co antrim, BT1 2NF
Website
www.ducalescapital.co.ukducales asset no. 2 limited Estimated Valuation
Pomanda estimates the enterprise value of DUCALES ASSET NO. 2 LIMITED at £3.1m based on a Turnover of £1.3m and 2.44x industry multiple (adjusted for size and gross margin).
ducales asset no. 2 limited Estimated Valuation
Pomanda estimates the enterprise value of DUCALES ASSET NO. 2 LIMITED at £5.8m based on an EBITDA of £1.2m and a 4.77x industry multiple (adjusted for size and gross margin).
ducales asset no. 2 limited Estimated Valuation
Pomanda estimates the enterprise value of DUCALES ASSET NO. 2 LIMITED at £8.8m based on Net Assets of £5m and 1.75x industry multiple (adjusted for liquidity).
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Ducales Asset No. 2 Limited Overview
Ducales Asset No. 2 Limited is a live company located in belfast, BT1 2NF with a Companies House number of NI619032. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2013, it's largest shareholder is ducales trading no.1 limited with a 100% stake. Ducales Asset No. 2 Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.
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Ducales Asset No. 2 Limited Health Check
Pomanda's financial health check has awarded Ducales Asset No. 2 Limited a 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
6 Strong
1 Regular
4 Weak
Size
annual sales of £1.3m, make it larger than the average company (£847.4k)
- Ducales Asset No. 2 Limited
£847.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.8%)
- Ducales Asset No. 2 Limited
2.8% - Industry AVG
Production
with a gross margin of 29.4%, this company has a higher cost of product (72.4%)
- Ducales Asset No. 2 Limited
72.4% - Industry AVG
Profitability
an operating margin of 94.2% make it more profitable than the average company (27.7%)
- Ducales Asset No. 2 Limited
27.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
- Ducales Asset No. 2 Limited
4 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)
- Ducales Asset No. 2 Limited
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £427.7k, this is more efficient (£180.3k)
- Ducales Asset No. 2 Limited
£180.3k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (33 days)
- Ducales Asset No. 2 Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 1295 days, this is slower than average (34 days)
- Ducales Asset No. 2 Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ducales Asset No. 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (12 weeks)
9 weeks - Ducales Asset No. 2 Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.6%, this is a lower level of debt than the average (68%)
50.6% - Ducales Asset No. 2 Limited
68% - Industry AVG
DUCALES ASSET NO. 2 LIMITED financials
Ducales Asset No. 2 Limited's latest turnover from September 2023 is estimated at £1.3 million and the company has net assets of £5 million. According to their latest financial statements, we estimate that Ducales Asset No. 2 Limited has 3 employees and maintains cash reserves of £573.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 619,245 | 554,664 | ||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | 555,170 | 254,976 | ||||||||
| Interest Payable | 138,000 | 138,000 | ||||||||
| Interest Receivable | 88 | 9 | ||||||||
| Pre-Tax Profit | 417,258 | 116,985 | ||||||||
| Tax | -24,439 | -278,026 | ||||||||
| Profit After Tax | 392,819 | -161,041 | ||||||||
| Dividends Paid | ||||||||||
| Retained Profit | 392,819 | -161,041 | ||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 3 | 1 | 1 | 1 | ||||||
| EBITDA* | 555,170 | 254,976 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||
| Intangible Assets | ||||||||||
| Investments & Other | 9,500,000 | 8,505,771 | 8,505,771 | 8,500,000 | 8,500,000 | 7,900,000 | 7,800,000 | 6,000,000 | 4,248,097 | 4,200,282 |
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 9,500,000 | 8,505,771 | 8,505,771 | 8,500,000 | 8,500,000 | 7,900,000 | 7,800,000 | 6,000,000 | 4,248,097 | 4,200,282 |
| Stock & work in progress | ||||||||||
| Trade Debtors | 74,822 | 42,378 | 219,684 | 146,579 | 9,668 | 1,561 | 1,786 | 6,087 | 8,875 | 15,018 |
| Group Debtors | ||||||||||
| Misc Debtors | ||||||||||
| Cash | 573,522 | 113,545 | 102,007 | 126,857 | 213,454 | 32,601 | 27,096 | 468,364 | 364,096 | 116,769 |
| misc current assets | ||||||||||
| total current assets | 648,344 | 155,923 | 321,691 | 273,436 | 223,122 | 34,162 | 28,882 | 474,451 | 372,971 | 131,787 |
| total assets | 10,148,344 | 8,661,694 | 8,827,462 | 8,773,436 | 8,723,122 | 7,934,162 | 7,828,882 | 6,474,451 | 4,621,068 | 4,332,069 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 3,214,237 | 3,068,639 | 3,651,665 | 3,714,624 | 3,987,313 | 3,902,664 | 3,977,260 | 4,494,139 | 4,394,364 | 4,181,156 |
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | ||||||||||
| total current liabilities | 3,214,237 | 3,068,639 | 3,651,665 | 3,714,624 | 3,987,313 | 3,902,664 | 3,977,260 | 4,494,139 | 4,394,364 | 4,181,156 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 1,921,835 | 1,500,356 | 1,475,917 | 1,197,891 | 1,043,589 | 938,947 | 873,709 | 528,804 | 166,086 | 91,842 |
| total long term liabilities | 1,921,835 | 1,500,356 | 1,475,917 | 1,197,891 | 1,043,589 | 938,947 | 873,709 | 528,804 | 166,086 | 91,842 |
| total liabilities | 5,136,072 | 4,568,995 | 5,127,582 | 4,912,515 | 5,030,902 | 4,841,611 | 4,850,969 | 5,022,943 | 4,560,450 | 4,272,998 |
| net assets | 5,012,272 | 4,092,699 | 3,699,880 | 3,860,921 | 3,692,220 | 3,092,551 | 2,977,913 | 1,451,508 | 60,618 | 59,071 |
| total shareholders funds | 5,012,272 | 4,092,699 | 3,699,880 | 3,860,921 | 3,692,220 | 3,092,551 | 2,977,913 | 1,451,508 | 60,618 | 59,071 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 555,170 | 254,976 | ||||||||
| Depreciation | ||||||||||
| Amortisation | ||||||||||
| Tax | -24,439 | -278,026 | ||||||||
| Stock | ||||||||||
| Debtors | 32,444 | -177,306 | 73,105 | 136,911 | 8,107 | -225 | -4,301 | -2,788 | -6,143 | 15,018 |
| Creditors | 145,598 | -583,026 | -62,959 | -272,689 | 84,649 | -74,596 | -516,879 | 99,775 | 213,208 | 4,181,156 |
| Accruals and Deferred Income | ||||||||||
| Deferred Taxes & Provisions | 421,479 | 24,439 | 278,026 | 154,302 | 104,642 | 65,238 | 344,905 | 362,718 | 74,244 | 91,842 |
| Cash flow from operations | 149,450 | 118,912 | ||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 994,229 | 5,771 | 600,000 | 100,000 | 1,800,000 | 1,751,903 | 47,815 | 4,200,282 | ||
| 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 | -137,912 | -137,991 | ||||||||
| cash flow from financing | -137,912 | -137,991 | ||||||||
| cash and cash equivalents | ||||||||||
| cash | 459,977 | 11,538 | -24,850 | -86,597 | 180,853 | 5,505 | -441,268 | 104,268 | 247,327 | 116,769 |
| overdraft | ||||||||||
| change in cash | 459,977 | 11,538 | -24,850 | -86,597 | 180,853 | 5,505 | -441,268 | 104,268 | 247,327 | 116,769 |
ducales asset no. 2 limited Credit Report and Business Information
Ducales Asset No. 2 Limited Competitor Analysis
Perform a competitor analysis for ducales asset no. 2 limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in BT1 area or any other competitors across 12 key performance metrics.
ducales asset no. 2 limited Ownership
DUCALES ASSET NO. 2 LIMITED group structure
Ducales Asset No. 2 Limited has no subsidiary companies.
Ultimate parent company
2 parents
DUCALES ASSET NO. 2 LIMITED
NI619032
ducales asset no. 2 limited directors
Ducales Asset No. 2 Limited currently has 3 directors. The longest serving directors include Mr Thomas Jennings Cbe (Jul 2013) and Mr Peter Jennings (Jul 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Jennings Cbe | 71 years | Jul 2013 | - | Director | |
| Mr Peter Jennings | Northern Ireland | 41 years | Jul 2013 | - | Director |
| Mr James Jennings | Northern Ireland | 42 years | Jul 2013 | - | Director |
P&L
September 2023turnover
1.3m
+107%
operating profit
1.2m
0%
gross margin
29.5%
+4.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
5m
+0.22%
total assets
10.1m
+0.17%
cash
573.5k
+4.05%
net assets
Total assets minus all liabilities
ducales asset no. 2 limited company details
company number
NI619032
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
June 2013
age
12
incorporated
UK
ultimate parent company
accounts
Audited Abridged
last accounts submitted
September 2023
previous names
moyne shelf company (no. 334) limited (July 2013)
accountant
-
auditor
-
address
16 talbot street, saint anne's square, belfast, co antrim, BT1 2NF
Bank
-
Legal Advisor
-
ducales asset no. 2 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 ducales asset no. 2 limited.
ducales asset no. 2 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 DUCALES ASSET NO. 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
ducales asset no. 2 limited Companies House Filings - See Documents
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