Development Direct (scotland) Limited

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development direct (scotland) limited Company Information

Live

MatureMidHealthy

Company Number

SC234824

Website

www.developmentdirect.co.uk

Registered Address

51-57 dalry road, edinburgh, EH11 2BX

Industry

Other retail sale in non-specialised stores

Telephone

01313372579

Next Accounts Due

April 2025

Group Structure

View All

Directors

Colin Wong21 Years

Ching Wong6 Years

Shareholders

bespoke property developments limited 100%

development direct (scotland) limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of DEVELOPMENT DIRECT (SCOTLAND) LIMITED at £2.3m based on a Turnover of £5.2m and 0.44x industry multiple (adjusted for size and gross margin).

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Development Direct (scotland) Limited is a live company located in edinburgh, EH11 2BX with a Companies House number of SC234824. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in July 2002, it's largest shareholder is bespoke property developments limited with a 100% stake. Development Direct (scotland) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Development Direct (Scotland) Limited a 4.5 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

Health Rating4.5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £5.2m, make it larger than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4%)

EXPORT

Development Direct (Scotland) Limited's latest turnover from July 2023 is estimated at £5.2 million and the company has net assets of £229.3 thousand. According to their latest financial statements, Development Direct (Scotland) Limited has 9 employees and maintains cash reserves of £823.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	5,246,875	19,051,017	1,229,388	4,220,764	1,447,779	7,612,664	4,227,500	4,240,978	15,445,931	13,644,206	11,233,707	7,816,285	5,491,433	3,083,342	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,021,516	11,105,937	750,642	2,381,271	802,341	4,286,587	2,417,182	2,426,924	8,762,289	7,809,304	6,606,091	4,578,615	3,187,654	1,782,829	0
Gross Profit	2,225,360	7,945,080	478,746	1,839,493	645,437	3,326,077	1,810,318	1,814,054	6,683,643	5,834,902	4,627,616	3,237,670	2,303,779	1,300,513	0
Admin Expenses	5,090,945	7,815,180	239,703	1,749,235	96,990	3,071,654	1,365,277	2,196,672	5,757,492	5,541,949	4,272,005	2,845,075	2,209,325	1,213,249	-483,939
Operating Profit	-2,865,585	129,900	239,043	90,258	548,447	254,423	445,041	-382,618	926,151	292,953	355,611	392,595	94,454	87,264	483,939
Interest Payable	0	0	0	0	0	34	65	34	0	0	0	0	0	0	0
Interest Receivable	37,515	8,621	642	1,084	8,849	4,412	1,646	2,653	2,739	2,167	2,309	1,377	684	979	626
Pre-Tax Profit	-2,828,070	138,521	239,685	91,342	557,296	258,801	446,622	-379,999	928,890	295,120	357,919	393,972	95,138	88,243	484,565
Tax	0	-26,319	-45,540	-17,355	-105,886	-49,172	-84,858	0	-185,778	-61,975	-82,321	-94,553	-24,736	-24,708	-135,678
Profit After Tax	-2,828,070	112,202	194,145	73,987	451,410	209,629	361,764	-379,999	743,112	233,145	275,598	299,419	70,402	63,535	348,887
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,828,070	112,202	194,145	73,987	451,410	209,629	361,764	-379,999	743,112	233,145	275,598	299,419	70,402	63,535	348,887
Employee Costs	171,080	168,936	158,301	157,998	160,943	1,670,575	142,797	832,045	2,913,093	2,585,941	2,149,260	1,551,069	1,104,275	652,397	0
Number Of Employees	9	9	9	9	9	98	9	52	179	158	136	97	70	42	0
EBITDA*	-2,862,789	134,283	243,633	98,994	563,049	269,791	458,488	-367,324	938,463	299,007	363,214	407,535	109,148	102,409	499,700

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	286,184	13,980	18,363	22,954	31,688	46,290	44,666	58,113	44,127	56,439	37,058	43,293	51,889	63,261	71,873
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	3,000	6,000	9,000
Investments & Other	0	0	0	0	0	0	0	50,019	439,050	50,019	50,019	50,019	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	550,308	303,224	0	0	0	0	0	0	0
Total Fixed Assets	286,184	13,980	18,363	22,954	31,688	46,290	594,974	411,356	483,177	106,458	87,077	93,312	54,889	69,261	80,873
Stock & work in progress	25,000	253,200	18,200	253,100	602,211	58,403	74,875	225,165	28,884	30,794	31,792	38,835	36,481	36,943	49,542
Trade Debtors	66,859	2,442,542	126,853	323,511	81,222	670,482	522,676	314,219	1,113,596	899,462	742,298	482,849	387,842	187,594	151,980
Group Debtors	0	0	44,224	44,224	44,224	44,224	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	2,211,816	2,001,816	858,657	826,021	91,516	487,864	0	204,385	0	132	0	138,284	0
Cash	823,669	676,941	702,468	582,401	1,584,914	774,853	989,787	327,259	733,922	361,603	505,269	418,287	132,475	141,253	250,357
misc current assets	1,750,000	0	0	0	0	30,897	0	0	0	0	0	0	0	0	0
total current assets	2,665,528	3,372,683	3,103,561	3,205,052	3,171,228	2,404,880	1,678,854	1,354,507	1,876,402	1,496,244	1,279,359	940,103	556,798	504,074	451,879
total assets	2,951,712	3,386,663	3,121,924	3,228,006	3,202,916	2,451,170	2,273,828	1,765,863	2,359,579	1,602,702	1,366,436	1,033,415	611,687	573,335	532,752
Bank overdraft	0	0	0	0	0	0	1,041	1,041	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,722,446	329,327	86,238	325,651	205,617	145,085	116,637	42,742	325,480	305,494	302,373	244,040	121,852	150,732	139,654
Group/Directors Accounts	0	0	18,484	11,306	0	26,973	0	0	0	0	0	0	0	0	33,290
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	72,068	140,060	320,297	53,520	140,187	67,881	0	0	0	0	0	0	0
total current liabilities	2,722,446	329,327	176,790	477,017	525,914	225,578	257,865	111,664	325,480	305,494	302,373	244,040	121,852	150,732	172,944
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	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	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	6,221	6,221	7,131	7,010	10,180	10,920
total long term liabilities	0	0	0	0	0	0	0	0	0	6,221	6,221	7,131	7,010	10,180	10,920
total liabilities	2,722,446	329,327	176,790	477,017	525,914	225,578	257,865	111,664	325,480	311,715	308,594	251,171	128,862	160,912	183,864
net assets	229,266	3,057,336	2,945,134	2,750,989	2,677,002	2,225,592	2,015,963	1,654,199	2,034,099	1,290,987	1,057,842	782,244	482,825	412,423	348,888
total shareholders funds	229,266	3,057,336	2,945,134	2,750,989	2,677,002	2,225,592	2,015,963	1,654,199	2,034,099	1,290,987	1,057,842	782,244	482,825	412,423	348,888

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-2,865,585	129,900	239,043	90,258	548,447	254,423	445,041	-382,618	926,151	292,953	355,611	392,595	94,454	87,264	483,939
Depreciation	2,796	4,383	4,590	8,736	14,602	15,368	13,447	15,294	12,312	6,054	7,603	11,940	11,694	12,145	12,761
Amortisation	0	0	0	0	0	0	0	0	0	0	0	3,000	3,000	3,000	3,000
Tax	0	-26,319	-45,540	-17,355	-105,886	-49,172	-84,858	0	-185,778	-61,975	-82,321	-94,553	-24,736	-24,708	-135,678
Stock	-228,200	235,000	-234,900	-349,111	543,808	-16,472	-150,290	196,281	-1,910	-998	-7,043	2,354	-462	-12,599	49,542
Debtors	-2,375,683	59,649	13,342	1,385,448	-556,624	376,227	59,193	-8,289	9,749	361,549	259,317	95,139	61,964	173,898	151,980
Creditors	2,393,119	243,089	-239,413	120,034	60,532	28,448	73,895	-282,738	19,986	3,121	58,333	122,188	-28,880	11,078	139,654
Accruals and Deferred Income	0	-72,068	-67,992	-180,237	266,777	-86,667	72,306	67,881	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-6,221	0	-910	121	-3,170	-740	10,920
Cash flow from operations	2,134,213	-15,664	112,246	-1,014,901	797,288	-197,355	610,928	-770,173	758,611	-120,398	86,042	337,798	-9,140	-73,260	313,074
Investing Activities
capital expenditure	-275,000	0	1	-2	0	-16,992	0	-29,280	0	-25,435	-1,368	-3,344	-322	-3,533	-96,634
Change in Investments	0	0	0	0	0	0	-50,019	-389,031	389,031	0	0	50,019	0	0	0
cash flow from investments	-275,000	0	1	-2	0	-16,992	50,019	359,751	-389,031	-25,435	-1,368	-53,363	-322	-3,533	-96,634
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-18,484	7,178	11,306	-26,973	26,973	0	0	0	0	0	0	0	-33,290	33,290
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	99	0	0	0	0	0	0	1
interest	37,515	8,621	642	1,084	8,849	4,378	1,581	2,619	2,739	2,167	2,309	1,377	684	979	626
cash flow from financing	37,515	-9,863	7,820	12,390	-18,124	31,351	1,581	2,718	2,739	2,167	2,309	1,377	684	-32,311	33,917
cash and cash equivalents
cash	146,728	-25,527	120,067	-1,002,513	810,061	-214,934	662,528	-406,663	372,319	-143,666	86,982	285,812	-8,778	-109,104	250,357
overdraft	0	0	0	0	0	-1,041	0	1,041	0	0	0	0	0	0	0
change in cash	146,728	-25,527	120,067	-1,002,513	810,061	-213,893	662,528	-407,704	372,319	-143,666	86,982	285,812	-8,778	-109,104	250,357

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DEVELOPMENT DIRECT (SCOTLAND) LIMITED group structure

Development Direct (Scotland) Limited has no subsidiary companies.

Ultimate parent company

BESPOKE PROPERTY DEVELOPMENTS LIMITED

SC200930

1 parent

DEVELOPMENT DIRECT (SCOTLAND) LIMITED

SC234824

DEVELOPMENT DIRECT (SCOTLAND) LIMITED Shareholders

bespoke property developments limited

100%

Development Direct (Scotland) Limited currently has 2 directors. The longest serving directors include Mr Colin Wong (Jul 2002) and Mrs Ching Wong (Mar 2018).

officer	country	age	start	end	role
Mr Colin Wong	Scotland	52 years	Jul 2002	-	Director
Mrs Ching Wong	Scotland	52 years	Mar 2018	-	Director

P&L

July 2023

turnover

5.2m

-72%

operating profit

-2.9m

gross margin

42.5%

+1.7%

turnover

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

Balance Sheet

July 2023

net assets

229.3k

-0.93%

total assets

-0.13%

cash

823.7k

+0.22%

net assets

Total assets minus all liabilities

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company number

SC234824

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

July 2002

age

accounts

Total Exemption Full

ultimate parent company

BESPOKE PROPERTY DEVELOPMENTS LIMITED

previous names

N/A

incorporated

address

51-57 dalry road, edinburgh, EH11 2BX

last accounts submitted

July 2023

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 1 charges/mortgages relating to development direct (scotland) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

development direct (scotland) limited Company Information

development direct (scotland) limited Estimated Valuation

development direct (scotland) limited Estimated Valuation

development direct (scotland) limited Estimated Valuation

Development Direct (scotland) Limited Overview

Development Direct (scotland) Limited Health Check

DEVELOPMENT DIRECT (SCOTLAND) LIMITED financials

development direct (scotland) limited Credit Report and Business Information

Development Direct (scotland) Limited Competitor Analysis

development direct (scotland) limited Ownership

development direct (scotland) limited directors

development direct (scotland) limited company details

development direct (scotland) limited Charges & Mortgages

development direct (scotland) limited Companies House Filings - See Documents