charles wells limited

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charles wells limited Company Information

Share CHARLES WELLS LIMITED
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Company Number

00106884

Registered Address

brewpoint fairhill, cut throat lane, bedford, MK41 7FY

Industry

Public houses and bars

 

Wholesale of wine, beer, spirits and other alcoholic beverages

 
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Telephone

01234279105

Next Accounts Due

July 2025

Group Structure

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Directors

Paul Wells32 Years

Peter Wells20 Years

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Shareholders

oakley properties (bedford) limited 7.4%

thomas franey wells 6.4%

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charles wells limited Estimated Valuation

£75.4m

Pomanda estimates the enterprise value of CHARLES WELLS LIMITED at £75.4m based on a Turnover of £62.3m and 1.21x industry multiple (adjusted for size and gross margin).

charles wells limited Estimated Valuation

£82.9m

Pomanda estimates the enterprise value of CHARLES WELLS LIMITED at £82.9m based on an EBITDA of £9.1m and a 9.1x industry multiple (adjusted for size and gross margin).

charles wells limited Estimated Valuation

£165.9m

Pomanda estimates the enterprise value of CHARLES WELLS LIMITED at £165.9m based on Net Assets of £76.1m and 2.18x industry multiple (adjusted for liquidity).

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Charles Wells Limited Overview

Charles Wells Limited is a live company located in bedford, MK41 7FY with a Companies House number of 00106884. It operates in the manufacture of beer sector, SIC Code 11050. Founded in January 1910, it's largest shareholder is oakley properties (bedford) limited with a 7.4% stake. Charles Wells Limited is a mature, large sized company, Pomanda has estimated its turnover at £62.3m with high growth in recent years.

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Charles Wells Limited Health Check

Pomanda's financial health check has awarded Charles Wells Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £62.3m, make it larger than the average company (£14.8m)

£62.3m - Charles Wells Limited

£14.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7%)

17% - Charles Wells Limited

7% - Industry AVG

production

Production

with a gross margin of 35.9%, this company has a comparable cost of product (35.9%)

35.9% - Charles Wells Limited

35.9% - Industry AVG

profitability

Profitability

an operating margin of 4.6% make it as profitable than the average company (4.2%)

4.6% - Charles Wells Limited

4.2% - Industry AVG

employees

Employees

with 855 employees, this is above the industry average (51)

855 - Charles Wells Limited

51 - Industry AVG

paystructure

Pay Structure

on an average salary of £22.3k, the company has a lower pay structure (£30.5k)

£22.3k - Charles Wells Limited

£30.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £72.9k, this is less efficient (£261.4k)

£72.9k - Charles Wells Limited

£261.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is earlier than average (28 days)

15 days - Charles Wells Limited

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 28 days, this is quicker than average (44 days)

28 days - Charles Wells Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 10 days, this is less than average (36 days)

10 days - Charles Wells Limited

36 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (11 weeks)

23 weeks - Charles Wells Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.3%, this is a lower level of debt than the average (66%)

51.3% - Charles Wells Limited

66% - Industry AVG

CHARLES WELLS LIMITED financials

EXPORTms excel logo

Charles Wells Limited's latest turnover from October 2023 is £62.3 million and the company has net assets of £76.1 million. According to their latest financial statements, Charles Wells Limited has 855 employees and maintains cash reserves of £8.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Sep 2020Sep 2019Sep 2018Sep 2017Oct 2016Sep 2015Sep 2014Sep 2013Sep 2012Oct 2011Sep 2010Sep 2009
Turnover62,305,00055,242,00030,475,00038,471,00053,243,00043,013,000138,819,000193,743,000188,927,000187,088,000181,606,000189,467,000188,427,000230,735,000226,959,000
Other Income Or Grants0002,942,00000000000000
Cost Of Sales39,932,63734,626,50619,980,05643,221,00047,962,00026,726,83884,284,085117,045,256113,022,980117,218,990114,679,452118,075,785116,150,633142,940,155181,567,200
Gross Profit22,372,36320,615,49410,494,944-1,808,0005,281,00016,286,16254,534,91576,697,74475,904,02069,869,01066,926,54871,391,21572,276,36787,794,84545,391,800
Admin Expenses19,500,36317,650,49412,449,9449,976,0001,315,00011,787,16251,333,91570,623,74469,768,02060,114,01063,833,54865,662,21561,714,36777,447,84543,149,800
Operating Profit2,872,0002,965,000-1,955,000-11,784,0003,966,0004,499,0003,201,0006,074,0006,136,0009,755,0003,093,0005,729,00010,562,00010,347,0002,242,000
Interest Payable1,940,0001,532,0001,454,0001,143,0001,390,0001,573,0002,631,0002,561,0003,309,0003,202,0003,401,0003,552,0003,424,0003,515,0002,660,000
Interest Receivable18,00018,00018,00018,00018,00019,00018,00018,0004,0005,00012,00010,0009,00047,000104,000
Pre-Tax Profit1,313,0005,851,000-538,000-13,044,000894,0004,551,000-9,092,0002,997,0001,562,0008,154,0006,699,0006,483,0009,590,0009,336,0003,036,000
Tax-328,000-1,671,000502,000505,000520,000-1,107,0002,650,000276,000-1,367,000-1,247,000-174,000-495,000-1,816,000-2,326,000-1,433,000
Profit After Tax985,0004,180,000-36,000-12,539,0001,414,0003,444,000-6,442,0003,273,000195,0006,907,0006,525,0005,988,0007,774,0007,010,0001,603,000
Dividends Paid1,788,0001,438,00001,492,0002,340,0002,251,0002,141,0002,101,0002,044,0001,992,0001,992,0001,992,0001,953,0001,880,0001,805,000
Retained Profit-803,0002,742,000-22,000-14,131,000-993,0001,193,000-8,583,0001,172,000-1,849,0004,915,0004,533,0003,996,0004,675,0003,554,0001,093,000
Employee Costs19,035,00016,373,00012,730,00015,082,00014,049,00010,067,00019,955,00021,541,00019,954,00020,775,00021,312,00020,797,00020,360,00020,577,00021,331,000
Number Of Employees855821573726616365553622557481461445442473493
EBITDA*9,108,0008,019,0003,048,000-6,920,0008,434,0008,743,0009,364,00012,644,00012,803,00015,186,0009,205,00012,160,00017,433,00018,109,00015,987,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Sep 2020Sep 2019Sep 2018Sep 2017Oct 2016Sep 2015Sep 2014Sep 2013Sep 2012Oct 2011Sep 2010Sep 2009
Tangible Assets118,019,000119,072,000118,263,000124,716,000121,630,000108,691,000105,154,000124,077,000126,115,000106,829,000106,869,000115,832,000119,009,000120,624,000124,808,000
Intangible Assets6,844,0007,186,0007,021,0007,777,0009,058,0006,288,0004,210,00051,934,00050,593,00051,095,00051,260,00050,708,00029,100,00029,121,00028,924,000
Investments & Other990,0006,204,0000211,000111,0000000000000
Debtors (Due After 1 year)13,172,00014,017,00014,822,00015,589,00016,317,00017,012,00017,054,00018,172,00018,640,000578,00000001,487,000
Total Fixed Assets139,025,000146,479,000140,106,000148,293,000147,116,000131,991,000126,418,000194,183,000195,348,000158,502,000158,129,000166,540,000148,109,000149,745,000155,219,000
Stock & work in progress1,203,0001,032,000778,000435,000398,000205,000164,0008,625,0009,226,0008,213,0009,155,0009,840,0007,709,00012,834,00012,510,000
Trade Debtors2,578,0001,894,0001,717,0001,571,0002,456,0001,194,0006,416,00021,426,00025,631,00023,657,00020,141,00024,359,00019,818,00032,707,00028,706,000
Group Debtors000000000000000
Misc Debtors5,293,0004,387,0001,109,0001,499,0001,010,0001,788,0005,087,0003,438,0003,780,0003,923,0003,593,0005,927,0006,426,0005,560,0004,373,000
Cash8,127,00014,063,00016,096,00017,448,0003,863,0006,068,00016,726,0005,474,0004,759,0006,064,00012,609,0001,192,00013,208,0005,110,0002,092,000
misc current assets2,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,000
total current assets17,203,00021,380,00019,704,00020,957,0007,731,0009,259,00028,397,00038,967,00043,400,00041,861,00045,502,00041,322,00047,165,00056,215,00047,685,000
total assets156,228,000167,859,000159,810,000169,250,000154,847,000141,250,000154,815,000233,150,000238,748,000200,363,000203,631,000207,862,000195,274,000205,960,000202,904,000
Bank overdraft00000002,356,0001,683,0002,643,00001,690,0001,203,0008,081,00011,254,000
Bank loan1,000,0001,637,0001,654,00000002,000,0002,629,0005,367,0005,950,0001,500,0006,416,00000
Trade Creditors 3,163,0002,856,0001,544,0004,005,0001,818,0003,182,0005,761,0008,308,00011,894,00014,760,00012,842,0009,417,00013,176,00012,635,00011,839,000
Group/Directors Accounts000000000000000
other short term finances2,180,0001,141,0001,533,0001,856,000878,0002,321,0002,658,0001,132,000670,000100,000100,000100,000100,000100,000100,000
hp & lease commitments000000000000000
other current liabilities11,637,00012,466,00013,390,00014,829,00012,451,00012,474,00017,014,00027,694,00030,703,00028,621,00035,451,00033,277,00032,006,00035,853,00032,336,000
total current liabilities17,980,00018,100,00018,121,00020,690,00015,147,00017,977,00025,433,00041,490,00047,579,00051,491,00054,343,00045,984,00052,901,00056,669,00055,529,000
loans41,102,00043,365,00057,657,00063,281,00019,792,00019,984,00028,584,00076,802,00068,103,00049,214,00051,330,00059,133,00040,000,00043,750,00047,500,000
hp & lease commitments000000000000000
Accruals and Deferred Income0000000214,000411,000606,000803,0001,000,0001,192,0001,542,0001,742,000
other liabilities12,289,00013,173,0000018,475,000002,192,00010,923,000007,397,00010,000,00000
provisions8,730,00010,664,0004,998,0003,009,0004,143,0003,064,000120,000607,0003,669,0002,579,0002,308,0002,739,0003,122,0003,558,0003,178,000
total long term liabilities62,121,00067,202,00074,140,00086,361,00057,123,00048,027,00061,200,000125,597,000108,292,00071,083,00071,577,00087,556,00064,103,00054,690,00057,029,000
total liabilities80,101,00085,302,00092,261,000107,051,00072,270,00066,004,00086,633,000167,087,000155,871,000122,574,000125,920,000133,540,000117,004,000111,359,000112,558,000
net assets76,127,00082,557,00067,549,00062,199,00082,577,00075,246,00068,182,00066,063,00082,877,00077,789,00077,711,00074,322,00078,270,00077,918,00075,239,000
total shareholders funds76,127,00082,557,00067,549,00062,199,00082,577,00075,246,00068,182,00066,063,00082,877,00077,789,00077,711,00074,322,00078,270,00077,918,00075,239,000
Oct 2023Oct 2022Oct 2021Sep 2020Sep 2019Sep 2018Sep 2017Oct 2016Sep 2015Sep 2014Sep 2013Sep 2012Oct 2011Sep 2010Sep 2009
Operating Activities
Operating Profit2,872,0002,965,000-1,955,000-11,784,0003,966,0004,499,0003,201,0006,074,0006,136,0009,755,0003,093,0005,729,00010,562,00010,347,0002,242,000
Depreciation6,184,0004,964,0004,897,0004,774,0004,380,0004,029,0005,186,0005,721,0005,843,0005,401,0006,078,0006,404,0006,836,0007,730,00013,722,000
Amortisation52,00090,000106,00090,00088,000215,000977,000849,000824,00030,00034,00027,00035,00032,00023,000
Tax-328,000-1,671,000502,000505,000520,000-1,107,0002,650,000276,000-1,367,000-1,247,000-174,000-495,000-1,816,000-2,326,000-1,433,000
Stock171,000254,000343,00037,000193,00041,000-8,461,000-601,0001,013,000-942,000-685,0002,131,000-5,125,000324,00012,510,000
Debtors745,0002,650,000-1,011,000-1,124,000-211,000-8,563,000-14,479,000-5,015,00019,893,0004,424,000-6,552,0004,042,000-12,023,0003,701,00034,566,000
Creditors307,0001,312,000-2,461,0002,187,000-1,364,000-2,579,000-2,547,000-3,586,000-2,866,0001,918,0003,425,000-3,759,000541,000796,00011,839,000
Accruals and Deferred Income-829,000-924,000-1,439,0002,378,000-23,000-4,540,000-10,894,000-3,206,0001,887,000-7,027,0001,977,0001,079,000-4,197,0003,317,00034,078,000
Deferred Taxes & Provisions-1,934,0005,666,0001,989,000-1,134,0001,079,0002,944,000-487,000-3,062,0001,090,000271,000-431,000-383,000-436,000380,0003,178,000
Cash flow from operations5,408,0009,498,0002,307,000-1,897,0008,664,00011,983,00021,026,0008,682,000-9,359,0005,619,00021,239,0002,429,00028,673,00016,251,00016,573,000
Investing Activities
capital expenditure00000-9,205,00052,112,00000-4,667,0008,700,000-20,886,000-5,481,000-2,195,000-29,338,000
Change in Investments-5,214,0006,204,000-211,000100,000111,0000000000000
cash flow from investments5,214,000-6,204,000211,000-100,000-111,000-9,205,00052,112,00000-4,667,0008,700,000-20,886,000-5,481,000-2,195,000-29,338,000
Financing Activities
Bank loans-637,000-17,0001,654,000000-2,000,000-629,000-2,738,000-583,0004,450,000-4,916,0006,416,00000
Group/Directors Accounts000000000000000
Other Short Term Loans 1,039,000-392,000-323,000978,000-1,443,000-337,0001,526,000462,000570,00000000100,000
Long term loans-2,263,000-14,292,000-5,624,00043,489,000-192,000-8,600,000-48,218,0008,699,00018,889,000-2,116,000-7,803,00019,133,000-3,750,000-3,750,00047,500,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-884,00013,173,0000-18,475,00018,475,0000-2,192,000-8,731,00010,923,0000-7,397,000-2,603,00010,000,00000
share issue-5,627,00012,266,0005,372,000-6,247,0008,324,0005,871,00010,702,000-17,986,0006,937,000-4,837,000-1,144,000-7,944,000-4,323,000-875,00074,146,000
interest-1,922,000-1,514,000-1,436,000-1,125,000-1,372,000-1,554,000-2,613,000-2,543,000-3,305,000-3,197,000-3,389,000-3,542,000-3,415,000-3,468,000-2,556,000
cash flow from financing-10,294,0009,224,000-357,00018,620,00023,792,000-4,620,000-42,795,000-20,728,00031,276,000-10,733,000-15,283,000128,0004,928,000-8,093,000119,190,000
cash and cash equivalents
cash-5,936,000-2,033,000-1,352,00013,585,000-2,205,000-10,658,00011,252,000715,000-1,305,000-6,545,00011,417,000-12,016,0008,098,0003,018,0002,092,000
overdraft000000-2,356,000673,000-960,0002,643,000-1,690,000487,000-6,878,000-3,173,00011,254,000
change in cash-5,936,000-2,033,000-1,352,00013,585,000-2,205,000-10,658,00013,608,00042,000-345,000-9,188,00013,107,000-12,503,00014,976,0006,191,000-9,162,000

charles wells limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Charles Wells Limited Competitor Analysis

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Perform a competitor analysis for charles wells limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in MK41 area or any other competitors across 12 key performance metrics.

charles wells limited Ownership

CHARLES WELLS LIMITED Shareholders

oakley properties (bedford) limited 7.43%
thomas franey wells 6.39%
1063293 ontario limited 6.27%
t f & j a wells childrens' trust 5.76%
john hayward wells 5.42%
paul richard wells 4.87%
james michael gibson 4.77%
edward barnaby pollington milburn 4.26%
timothy wells gibson 3.84%
michael mascall wells 3.75%

charles wells limited directors

Charles Wells Limited currently has 6 directors. The longest serving directors include Mr Paul Wells (Jun 1992) and Mr Peter Wells (Jun 2004).

officercountryagestartendrole
Mr Paul Wells66 years Jun 1992- Director
Mr Peter WellsEngland54 years Jun 2004- Director
Mr Anthony FryerEngland51 years Jul 2013- Director
Mr Geoffrey WellsEngland54 years Nov 2017- Director
Mr Jonathan Webster62 years Jan 2023- Director
Mrs Danielle BekkerEngland48 years Mar 2024- Director

P&L

October 2023

turnover

62.3m

+13%

operating profit

2.9m

-3%

gross margin

36%

-3.78%

turnover

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

Balance Sheet

October 2023

net assets

76.1m

-0.08%

total assets

156.2m

-0.07%

cash

8.1m

-0.42%

net assets

Total assets minus all liabilities

charles wells limited company details

company number

00106884

Type

Private limited with Share Capital

industry

11050 - Manufacture of beer

56302 - Public houses and bars

46342 - Wholesale of wine, beer, spirits and other alcoholic beverages

incorporation date

January 1910

age

114

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

October 2023

previous names

N/A

accountant

-

auditor

MAZARS LLP

address

brewpoint fairhill, cut throat lane, bedford, MK41 7FY

Bank

HSBC BANK PLC, HSBC BANK PLC

Legal Advisor

FREETHS

charles wells 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 found 32 charges/mortgages relating to charles wells limited. Currently there are 12 open charges and 20 have been satisfied in the past.

charges

charles wells limited Companies House Filings - See Documents

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