Direct Waste Management Limited

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direct waste management limited Company Information

Live

MatureSmallDeclining

Company Number

SC187186

Website

www.directwaste.com

Registered Address

damhead circle, dales industrial estate, peterhead, aberdeenshire,, AB42 3GX

Industry

Freight transport by road

Treatment and disposal of hazardous waste

Telephone

01779477311

Next Accounts Due

June 2024

Group Structure

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Directors

Brenda Horne25 Years

Jackie Horne0 Years

Shareholders

brenda horne 50%

jackie horne 50%

direct waste management limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of DIRECT WASTE MANAGEMENT LIMITED at £3m based on Net Assets of £1m and 2.98x industry multiple (adjusted for liquidity).

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Direct Waste Management Limited is a live company located in peterhead, AB42 3GX with a Companies House number of SC187186. It operates in the treatment and disposal of hazardous waste sector, SIC Code 38220. Founded in June 1998, it's largest shareholder is brenda horne with a 50% stake. Direct Waste Management Limited is a mature, small sized company, Pomanda has estimated its turnover at £948.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Direct Waste Management Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £948.3k, make it smaller than the average company (£10.5m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3.7%)

EXPORT

Direct Waste Management Limited's latest turnover from September 2022 is estimated at £948.3 thousand and the company has net assets of £1 million. According to their latest financial statements, Direct Waste Management Limited has 3 employees and maintains cash reserves of £170.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	948,297	796,391	874,925	1,299,833	1,388,489	1,489,667	1,401,904	2,936,973	4,494,764	4,000,440	2,427,147	2,655,856	1,694,094	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	703,498	603,326	679,878	1,026,897	1,094,978	1,156,847	1,099,764	2,344,394	3,565,574	3,160,428	1,910,797	2,038,541	1,283,449	0
Gross Profit	244,799	193,065	195,047	272,937	293,511	332,820	302,140	592,580	929,191	840,012	516,350	617,315	410,645	0
Admin Expenses	544,200	295,934	437,987	291,134	484,402	572,337	583,180	281,998	522,975	369,734	164,012	85,411	171,433	-808,538
Operating Profit	-299,401	-102,869	-242,940	-18,197	-190,891	-239,517	-281,040	310,582	406,216	470,278	352,338	531,904	239,212	808,538
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	5,655	5,655
Interest Receivable	3,195	134	177	1,162	858	785	1,497	3,897	4,052	3,670	2,646	1,166	315	0
Pre-Tax Profit	-296,206	-102,735	-242,763	-17,035	-190,033	-238,732	-279,543	314,479	410,268	473,948	354,984	533,070	233,872	802,883
Tax	0	0	0	0	0	0	0	-62,896	-86,156	-109,008	-85,196	-138,598	-65,484	-224,807
Profit After Tax	-296,206	-102,735	-242,763	-17,035	-190,033	-238,732	-279,543	251,583	324,112	364,940	269,788	394,472	168,388	578,076
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-296,206	-102,735	-242,763	-17,035	-190,033	-238,732	-279,543	251,583	324,112	364,940	269,788	394,472	168,388	578,076
Employee Costs	121,625	321,663	402,852	393,768	401,668	438,376	257,896	835,427	1,305,490	961,062	660,989	764,243	521,443	0
Number Of Employees	3	8	10	10	10	11	7	22	35	29	20	23	16	0
EBITDA*	-218,090	-13,445	-120,949	124,191	-23,087	-52,862	14,200	490,957	570,980	584,540	464,189	606,141	294,321	875,639

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	578,142	644,517	723,552	778,294	840,515	939,190	1,027,909	859,106	895,137	824,068	732,272	772,555	496,526	546,293
Intangible Assets	0	0	0	10,424	30,543	46,697	53,572	135,814	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	578,142	644,517	723,552	788,718	871,058	985,887	1,081,481	994,920	895,137	824,068	732,272	772,555	496,526	546,293
Stock & work in progress	15,000	15,000	15,000	15,000	60,000	60,000	79,360	110,725	110,725	67,550	32,550	2,530	0	0
Trade Debtors	178,589	127,005	98,544	245,893	225,428	205,473	177,009	438,696	747,975	820,486	391,441	547,172	370,554	382,545
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	295,002	534,645	538,444	533,328	535,667	610,564	427,625	424,026	0	0	0	0	0	2,821
Cash	170,860	113,171	155,147	199,201	110,536	118,156	509,992	687,841	870,878	750,041	718,155	340,405	126,140	0
misc current assets	0	0	0	0	0	1,040	0	0	0	0	0	0	0	0
total current assets	659,451	789,821	807,135	993,422	931,631	995,233	1,193,986	1,661,288	1,729,578	1,638,077	1,142,146	890,107	496,694	385,366
total assets	1,237,593	1,434,338	1,530,687	1,782,140	1,802,689	1,981,120	2,275,467	2,656,208	2,624,715	2,462,145	1,874,418	1,662,662	993,220	931,659
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	173,993
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	153,669	49,122	45,339	41,053	55,014	30,852	61,360	68,650	407,801	580,888	350,942	405,505	162,831	93,815
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	1,822	10,933	10,933	0	0	0	0	0	0
other current liabilities	46,092	42,239	30,411	39,382	21,795	5,500	20,711	122,877	0	0	0	0	14,065	0
total current liabilities	199,761	91,361	75,750	80,435	76,809	38,174	93,004	202,460	407,801	580,888	350,942	405,505	176,896	267,808
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	1,822	12,756	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	14,524	40,491	14,065	24,128
provisions	33,520	42,459	51,684	55,689	62,829	89,862	88,825	69,633	97,138	85,593	78,228	55,730	35,795	41,647
total long term liabilities	33,520	42,459	51,684	55,689	62,829	89,862	90,647	82,389	97,138	85,593	92,752	96,221	49,860	65,775
total liabilities	233,281	133,820	127,434	136,124	139,638	128,036	183,651	284,849	504,939	666,481	443,694	501,726	226,756	333,583
net assets	1,004,312	1,300,518	1,403,253	1,646,016	1,663,051	1,853,084	2,091,816	2,371,359	2,119,776	1,795,664	1,430,724	1,160,936	766,464	598,076
total shareholders funds	1,004,312	1,300,518	1,403,253	1,646,016	1,663,051	1,853,084	2,091,816	2,371,359	2,119,776	1,795,664	1,430,724	1,160,936	766,464	598,076

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-299,401	-102,869	-242,940	-18,197	-190,891	-239,517	-281,040	310,582	406,216	470,278	352,338	531,904	239,212	808,538
Depreciation	81,311	89,424	111,567	113,239	117,967	124,097	157,075	152,805	164,764	114,262	111,851	74,237	55,109	67,101
Amortisation	0	0	10,424	29,149	49,837	62,558	138,165	27,570	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	-62,896	-86,156	-109,008	-85,196	-138,598	-65,484	-224,807
Stock	0	0	0	-45,000	0	-19,360	-31,365	0	43,175	35,000	30,020	2,530	0	0
Debtors	-188,059	24,662	-142,233	18,126	-54,942	211,403	-258,088	114,747	-72,511	429,045	-155,731	176,618	-14,812	385,366
Creditors	104,547	3,783	4,286	-13,961	24,162	-30,508	-7,290	-339,151	-173,087	229,946	-54,563	242,674	69,016	93,815
Accruals and Deferred Income	3,853	11,828	-8,971	17,587	16,295	-15,211	-102,166	122,877	0	0	0	-14,065	14,065	0
Deferred Taxes & Provisions	-8,939	-9,225	-4,005	-7,140	-27,033	1,037	19,192	-27,505	11,545	7,365	22,498	19,935	-5,852	41,647
Cash flow from operations	69,430	-31,721	12,594	147,551	45,279	-289,587	213,389	69,535	352,618	248,798	472,639	536,939	320,878	400,928
Investing Activities
capital expenditure	-14,936	-10,389	-56,825	-60,048	-52,975	-91,061	-381,801	-280,158	-235,833	-206,058	-71,568	-350,266	-5,342	-613,394
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-14,936	-10,389	-56,825	-60,048	-52,975	-91,061	-381,801	-280,158	-235,833	-206,058	-71,568	-350,266	-5,342	-613,394
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-1,822	-10,933	-10,934	23,689	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-14,524	-25,967	26,426	-10,063	24,128
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	20,000
interest	3,195	134	177	1,162	858	785	1,497	3,897	4,052	3,670	2,646	1,166	-5,340	-5,655
cash flow from financing	3,195	134	177	1,162	-964	-10,148	-9,437	27,586	4,052	-10,854	-23,321	27,592	-15,403	38,473
cash and cash equivalents
cash	57,689	-41,976	-44,054	88,665	-7,620	-391,836	-177,849	-183,037	120,837	31,886	377,750	214,265	126,140	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	-173,993	173,993
change in cash	57,689	-41,976	-44,054	88,665	-7,620	-391,836	-177,849	-183,037	120,837	31,886	377,750	214,265	300,133	-173,993

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIRECT WASTE MANAGEMENT LIMITED group structure

Direct Waste Management Limited has no subsidiary companies.

Ultimate parent company

DIRECT WASTE MANAGEMENT LIMITED

SC187186

DIRECT WASTE MANAGEMENT LIMITED Shareholders

brenda horne	50%
jackie horne	50%

Direct Waste Management Limited currently has 2 directors. The longest serving directors include Mrs Brenda Horne (Jul 1998) and Miss Jackie Horne (Aug 2023).

officer	country	age	start	end	role
Mrs Brenda Horne		65 years	Jul 1998	-	Director
Miss Jackie Horne		36 years	Aug 2023	-	Director

P&L

September 2022

turnover

948.3k

+19%

operating profit

-299.4k

gross margin

25.9%

+6.49%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

-0.23%

total assets

1.2m

-0.14%

cash

170.9k

+0.51%

net assets

Total assets minus all liabilities

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company number

SC187186

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

38220 - Treatment and disposal of hazardous waste

incorporation date

June 1998

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

strongcore limited (August 1998)

incorporated

address

damhead circle, dales industrial estate, peterhead, aberdeenshire,, AB42 3GX

last accounts submitted

September 2022

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 6 charges/mortgages relating to direct waste management limited. Currently there are 3 open charges and 3 have been satisfied in the past.

direct waste management limited Company Information

direct waste management limited Estimated Valuation

direct waste management limited Estimated Valuation

direct waste management limited Estimated Valuation

Direct Waste Management Limited Overview

Direct Waste Management Limited Health Check

DIRECT WASTE MANAGEMENT LIMITED financials

direct waste management limited Credit Report and Business Information

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direct waste management limited Ownership

direct waste management limited directors

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direct waste management limited Companies House Filings - See Documents