W&c 2023 Limited

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w&c 2023 limited Company Information

Company Number

00296591

Next Accounts

777 days late

Directors

David Fripp

Rochelle Fripp

Shareholders

d&r fripp limited

Group Structure

View All

Industry

Machining

Registered Address

office d beresford house, town quay, southampton, SO14 2AQ

Website

www.williams-eng.co.uk

w&c 2023 limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of W&C 2023 LIMITED at £1.9m based on Net Assets of £1.1m and 1.68x industry multiple (adjusted for liquidity).

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W&c 2023 Limited is a live company located in southampton, SO14 2AQ with a Companies House number of 00296591. It operates in the machining sector, SIC Code 25620. Founded in January 1935, it's largest shareholder is d&r fripp limited with a 100% stake. W&c 2023 Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded W&C 2023 Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

5 Regular

7 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£8.5m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (-0.1%)

EXPORT

W&C 2023 Limited's latest turnover from May 2021 is estimated at £1.4 million and the company has net assets of £1.1 million. According to their latest financial statements, W&C 2023 Limited has 17 employees and maintains cash reserves of £7.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,410,636	1,966,972	1,932,943	1,699,582	1,698,950	1,886,236	2,551,671	2,365,504	2,339,433	1,642,913	1,284,990	1,587,923
Other Income Or Grants
Cost Of Sales	1,037,926	1,402,054	1,394,332	1,182,988	1,194,846	1,326,977	1,793,434	1,637,101	1,617,647	1,148,775	887,132	1,065,423
Gross Profit	372,710	564,918	538,611	516,594	504,103	559,259	758,237	728,403	721,786	494,138	397,859	522,500
Admin Expenses	515,114	511,273	620,477	323,540	520,267	385,905	872,366	329,830	543,292	298,318	349,198	-251,421
Operating Profit	-142,404	53,645	-81,866	193,054	-16,164	173,354	-114,129	398,573	178,494	195,820	48,661	773,921
Interest Payable	25,011	20,396	24,378	21,629	19,509	18,629	16,043	13,084	10,561	8,113	3,848
Interest Receivable	11	8	184	165	28	34	450	448	85	75	25	12
Pre-Tax Profit	-167,404	33,257	-106,060	171,590	-35,645	154,759	-129,722	385,937	168,018	187,783	44,838	773,933
Tax		-6,319		-32,602		-30,952		-81,047	-38,644	-45,068	-11,658	-216,701
Profit After Tax	-167,404	26,938	-106,060	138,988	-35,645	123,807	-129,722	304,890	129,374	142,715	33,180	557,232
Dividends Paid
Retained Profit	-167,404	26,938	-106,060	138,988	-35,645	123,807	-129,722	304,890	129,374	142,715	33,180	557,232
Employee Costs	686,790	1,015,265	841,418	711,097	741,904	737,528	834,072	758,959	685,185	476,366	392,658	481,173
Number Of Employees	17	25	22	19	20	21	24	22	20	14	12	15
EBITDA*	-104,969	102,126	-33,312	198,891	-10,213	242,790	-41,552	484,505	271,591	296,389	106,176	838,885

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	1,742,924	1,780,751	1,417,112	619,753	610,219	667,492	710,607	769,779	681,019	752,161	483,166	443,720
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,742,924	1,780,751	1,417,112	619,753	610,219	667,492	710,607	769,779	681,019	752,161	483,166	443,720
Stock & work in progress	221,071	215,267	318,230	396,090	343,024	453,753	500,963	531,203	487,668	360,192	241,898	166,459
Trade Debtors	277,540	341,335	458,149	357,678	374,513	415,039	606,010	517,924	496,731	369,539	321,821	360,315
Group Debtors				544,238	437,496	307,596
Misc Debtors	48,488	21,305		20,572	19,713	4,108
Cash	7,557	14,954	1,709	47,322	18,861	3,558	10,101	170,029	9,203	24,764	5,226	4,869
misc current assets
total current assets	554,656	592,861	778,088	1,365,900	1,193,607	1,184,054	1,117,074	1,219,156	993,602	754,495	568,945	531,643
total assets	2,297,580	2,373,612	2,195,200	1,985,653	1,803,826	1,851,546	1,827,681	1,988,935	1,674,621	1,506,656	1,052,111	975,363
Bank overdraft	223,571	276,077	392,646	329,654	335,862	288,441	284,761	205,411	183,871	115,400	96,344
Bank loan	68,678
Trade Creditors	126,354	258,413	110,667	124,096	104,727	46,634	231,638	280,692	267,371	222,664	177,626	267,055
Group/Directors Accounts	340,762	372,762	117,477
other short term finances
hp & lease commitments	15,139	14,410	8,050	7,677	2,086	34,148	52,538	52,478	65,831	70,711	37,611
other current liabilities	88,741	86,787	239,581	83,337	69,262	144,222
total current liabilities	863,245	1,008,449	868,421	544,764	511,937	513,445	568,937	538,581	517,073	408,775	311,581	267,055
loans	251,715							3,456	9,856	15,819	22,053
hp & lease commitments	14,357	29,496	18,050	26,100		2,086	36,234	88,832	105,330	169,074	58,705
Accruals and Deferred Income
other liabilities												85,667
provisions	35,837	35,837	35,837	35,837	51,925	63,723	51,906	57,740	46,926	46,926	46,926	43,075
total long term liabilities	301,909	65,333	53,887	61,937	51,925	65,809	88,140	150,028	162,112	231,819	127,684	128,742
total liabilities	1,165,154	1,073,782	922,308	606,701	563,862	579,254	657,077	688,609	679,185	640,594	439,265	395,797
net assets	1,132,426	1,299,830	1,272,892	1,378,952	1,239,964	1,272,292	1,170,604	1,300,326	995,436	866,062	612,846	579,566
total shareholders funds	1,132,426	1,299,830	1,272,892	1,378,952	1,239,964	1,272,292	1,170,604	1,300,326	995,436	866,062	612,846	579,566

	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-142,404	53,645	-81,866	193,054	-16,164	173,354	-114,129	398,573	178,494	195,820	48,661	773,921
Depreciation	37,435	48,481	48,554	5,837	5,951	69,436	72,577	85,932	93,097	100,569	57,515	64,964
Amortisation
Tax		-6,319		-32,602		-30,952		-81,047	-38,644	-45,068	-11,658	-216,701
Stock	5,804	-102,963	-77,860	53,066	-110,729	-47,210	-30,240	43,535	127,476	118,294	75,439	166,459
Debtors	-36,612	-95,509	-464,339	90,766	104,979	120,733	88,086	21,193	127,192	47,718	-38,494	360,315
Creditors	-132,059	147,746	-13,429	19,369	58,093	-185,004	-49,054	13,321	44,707	45,038	-89,429	267,055
Accruals and Deferred Income	1,954	-152,794	156,244	14,075	-74,960	144,222
Deferred Taxes & Provisions				-16,088	-11,798	11,817	-5,834	10,814			3,851	43,075
Cash flow from operations	-204,266	289,231	651,702	39,813	-33,128	109,350	-154,286	362,865	22,986	130,347	-28,005	405,540
Investing Activities
capital expenditure	392	-412,120	-845,913	-15,371	51,322	-26,321	-13,405	-174,692	-21,955	-369,564	-96,961	-508,684
Change in Investments
cash flow from investments	392	-412,120	-845,913	-15,371	51,322	-26,321	-13,405	-174,692	-21,955	-369,564	-96,961	-508,684
Financing Activities
Bank loans	68,678
Group/Directors Accounts	-32,000	255,285	117,477
Other Short Term Loans
Long term loans	251,715						-3,456	-6,400	-5,963	-6,234	22,053
Hire Purchase and Lease Commitments	-14,410	17,806	-7,677	31,691	-34,148	-52,538	-52,538	-29,851	-68,624	143,469	96,316
other long term liabilities											-85,667	85,667
share issue					3,317	-22,119				110,501	100	22,334
interest	-25,000	-20,388	-24,194	-21,464	-19,481	-18,595	-15,593	-12,636	-10,476	-8,038	-3,823	12
cash flow from financing	248,983	252,703	85,606	10,227	-50,312	-93,252	-71,587	-48,887	-85,063	239,698	28,979	108,013
cash and cash equivalents
cash	-7,397	13,245	-45,613	28,461	15,303	-6,543	-159,928	160,826	-15,561	19,538	357	4,869
overdraft	-52,506	-116,569	62,992	-6,208	47,421	3,680	79,350	21,540	68,471	19,056	96,344
change in cash	45,109	129,814	-108,605	34,669	-32,118	-10,223	-239,278	139,286	-84,032	482	-95,987	4,869

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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W&C 2023 LIMITED group structure

W&C 2023 Limited has no subsidiary companies.

Ultimate parent company

D&R FRIPP LIMITED

09160306

1 parent

W&C 2023 LIMITED

00296591

W&C 2023 LIMITED Shareholders

d&r fripp limited

100%

W&C 2023 Limited currently has 2 directors. The longest serving directors include Mr David Fripp (Nov 1991) and Mrs Rochelle Fripp (Apr 2012).

officer	country	age	start	end	role
Mr David Fripp		63 years	Nov 1991	-	Director
Mrs Rochelle Fripp		50 years	Apr 2012	-	Director

P&L

May 2021

turnover

1.4m

-28%

operating profit

-142.4k

gross margin

26.5%

-8%

turnover

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

Balance Sheet

May 2021

net assets

1.1m

-0.13%

total assets

2.3m

-0.03%

cash

7.6k

-0.49%

net assets

Total assets minus all liabilities

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company number

00296591

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

January 1935

ultimate parent company

D&R FRIPP LIMITED

previous names

williams & co (southampton) limited (June 2023)

n.williams & co.(southampton)limited (October 1998)

address

office d beresford house, town quay, southampton, SO14 2AQ

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 8 charges/mortgages relating to w&c 2023 limited. Currently there are 2 open charges and 6 have been satisfied in the past.

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.

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w&c 2023 limited Company Information

w&c 2023 limited Estimated Valuation

w&c 2023 limited Estimated Valuation

w&c 2023 limited Estimated Valuation

W&c 2023 Limited Overview

W&c 2023 Limited Health Check

W&C 2023 LIMITED financials

w&c 2023 limited Credit Report and Business Information

W&c 2023 Limited Competitor Analysis

w&c 2023 limited Ownership

w&c 2023 limited directors

w&c 2023 limited company details

w&c 2023 limited Charges & Mortgages

w&c 2023 limited Capital Raised & Share Issues BETA

w&c 2023 limited Companies House Filings - See Documents