DRAKE & MORGAN LIMITED
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Cash
£3.9M
Latest balance sheet
Net assets
£14M
Equity attributable
Employees
507
Average over period
Profit before tax
£2.9M
Period ending 2025-03-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Insolvency history on file
Companies House holds prior insolvency events for this company. Detail and outcome on the official register.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-30
| Metric | Trend | 2024-03-31 | 2025-03-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £45,499,360 | £44,513,356 | — | |
| Operating profit | £2,858,393 | £2,513,525 | — | |
| Profit before tax | £3,094,538 | £2,859,850 | — | |
| Net profit | £3,094,538 | £2,642,396 | — | |
| Cash | £3,448,556 | £3,934,249 | — | |
| Total assets less current liabilities | £23,341,358 | £15,660,867 | — | |
| Net assets | £11,153,812 | £13,796,208 | — | |
| Equity | £11,153,812 | £13,796,208 | — | |
| Average employees | 529 | 507 | — | |
| Wages | £12,707,458 | £12,351,635 | — | |
| Directors' remuneration | £569,599 | £602,599 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-30 |
|---|---|---|---|
| Operating margin | 6.3% | 5.6% | |
| Net margin | 6.8% | 5.9% | |
| Return on capital employed | 12.2% | 16.0% | |
| Current ratio | 2.36x | 1.27x | |
| Interest cover | 5.37x | 4.87x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- DRAKE & MORGAN LIMITED 2008-03-08 → present
- THE BIG CITY BAR COMPANY LIMITED 2007-12-07 → 2008-03-08
- AVENUE SHELFCO 43 LIMITED 2007-09-25 → 2007-12-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The detailed cash flow forecasts prepared by the business, which form the basis of the covenant assessment, include reasonable potential changes to trading performance and a number of other input costs in recognition of ongoing inflationary pressures. Although it is not possible to predict all future scenarios, a sensitised cash flow forecast has also been prepared and the directors have reasonable expectations that the group has adequate resources and cash liquidity headroom to continue in operation, satisfy banking covenants and withstand potential downside scenarios for at least the next 12 months from the date of the signing of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “Following the year end, the business extended the maturity of loan notes to December 2027 and its banking facilities to December 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, David Barry | Secretary | 2021-01-11 | — | — |
| CAMPBELL, Lloyd Anthony | Director | 2015-03-17 | Nov 1949 | British |
| HOLLOWOOD, Ben James | Director | 2022-11-15 | Aug 1980 | British |
| KING, David Barry | Director | 2021-01-11 | Aug 1974 | English |
| MACLEAN, Jillian Sarah | Director | 2008-02-19 | Nov 1964 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHERRINGTON, James David | Secretary | 2014-11-18 | 2021-01-11 |
| WHEELER, Simon Charles | Secretary | 2008-02-19 | 2013-04-19 |
| MB SECRETARIES LIMITED | Corporate Secretary | 2007-09-25 | 2008-02-19 |
| ADCOCK, Simon Mark Peter | Director | 2019-11-20 | 2022-05-19 |
| BRUMBY, Mark Andrew | Director | 2010-01-14 | 2013-04-19 |
| CONNELL, John Charles | Director | 2008-02-19 | 2014-02-27 |
| ELLIS, Tamsin | Director | 2008-08-14 | 2008-11-19 |
| FEDERMAN, Raoul Grant | Director | 2011-06-14 | 2013-07-31 |
| IND, Charles Thomas Messiter | Director | 2022-06-16 | 2022-11-15 |
| MARSHALL, Claire Estelle | Director | 2008-01-07 | 2008-11-03 |
| MASTERS, Nigel | Director | 2009-05-12 | 2010-02-10 |
| PEARSON, Ron | Director | 2014-03-04 | 2019-11-20 |
| SHERRINGTON, James David | Director | 2014-11-18 | 2021-01-11 |
| WHEELER, Simon Charles | Director | 2008-02-19 | 2013-04-19 |
| MB NOMINEES LIMITED | Corporate Director | 2007-09-25 | 2008-01-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| D&M 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-13 | Active |
| Bowmark Capital Llp | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-11-13 |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-28 | AA | accounts | Accounts with accounts type full | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-16 | AA | accounts | Accounts with accounts type full | |
| 2023-11-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-03 | CVA4 | insolvency | Liquidation voluntary arrangement completion | |
| 2023-05-26 | ANNOTATION | miscellaneous | Legacy | |
| 2023-05-20 | ANNOTATION | miscellaneous | Legacy | |
| 2023-05-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-29 | AA | accounts | Accounts with accounts type full | |
| 2022-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-03 | CVA3 | insolvency | Liquidation cva supervisors abstract of receipts payments with brought down date | |
| 2022-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-21 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.