welch's transport limited
welch's transport limited Company Information
Company Number
00343359
Next Accounts
Sep 2025
Shareholders
welch's group holdings ltd
Group Structure
View All
Industry
Freight transport by road
Registered Address
welch's transport ltd, moorfield road, cambridge, CB22 4PS
Website
www.welchstransport.co.ukwelch's transport limited Estimated Valuation
Pomanda estimates the enterprise value of WELCH'S TRANSPORT LIMITED at £10.1m based on a Turnover of £14.8m and 0.68x industry multiple (adjusted for size and gross margin).
welch's transport limited Estimated Valuation
Pomanda estimates the enterprise value of WELCH'S TRANSPORT LIMITED at £2.7m based on an EBITDA of £531.2k and a 5.01x industry multiple (adjusted for size and gross margin).
welch's transport limited Estimated Valuation
Pomanda estimates the enterprise value of WELCH'S TRANSPORT LIMITED at £7m based on Net Assets of £2.9m and 2.39x industry multiple (adjusted for liquidity).
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Welch's Transport Limited Overview
Welch's Transport Limited is a live company located in cambridge, CB22 4PS with a Companies House number of 00343359. It operates in the freight transport by road sector, SIC Code 49410. Founded in August 1938, it's largest shareholder is welch's group holdings ltd with a 100% stake. Welch's Transport Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.8m with healthy growth in recent years.
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Welch's Transport Limited Health Check
Pomanda's financial health check has awarded Welch'S Transport Limited a 4 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
4 Strong
3 Regular
5 Weak
Size
annual sales of £14.8m, make it larger than the average company (£10.8m)
£14.8m - Welch's Transport Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.9%)
6% - Welch's Transport Limited
8.9% - Industry AVG
Production
with a gross margin of 23.1%, this company has a comparable cost of product (22.2%)
23.1% - Welch's Transport Limited
22.2% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (5.1%)
2.3% - Welch's Transport Limited
5.1% - Industry AVG
Employees
with 141 employees, this is above the industry average (65)
141 - Welch's Transport Limited
65 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£40.8k)
£42k - Welch's Transport Limited
£40.8k - Industry AVG
Efficiency
resulting in sales per employee of £105.3k, this is less efficient (£141.4k)
£105.3k - Welch's Transport Limited
£141.4k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (52 days)
46 days - Welch's Transport Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (30 days)
21 days - Welch's Transport Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is more than average (1 days)
9 days - Welch's Transport Limited
1 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (13 weeks)
34 weeks - Welch's Transport Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.9%, this is a lower level of debt than the average (60.8%)
33.9% - Welch's Transport Limited
60.8% - Industry AVG
WELCH'S TRANSPORT LIMITED financials
Welch'S Transport Limited's latest turnover from December 2023 is £14.8 million and the company has net assets of £2.9 million. According to their latest financial statements, Welch'S Transport Limited has 141 employees and maintains cash reserves of £916.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,844,892 | 15,256,468 | 14,006,652 | 12,464,320 | 14,127,766 | 14,407,758 | 13,404,459 | 13,370,660 | 12,558,798 | 11,596,633 | 11,999,586 | 12,450,354 | 13,057,168 | 12,048,227 | 13,100,418 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 11,422,044 | 11,704,417 | 11,053,286 | 9,930,696 | 11,775,347 | 12,243,160 | 11,370,449 | 11,251,110 | 10,426,309 | 9,803,530 | 10,097,422 | 10,620,256 | 11,122,789 | 10,240,722 | 11,247,601 |
| Gross Profit | 3,422,848 | 3,552,051 | 2,953,366 | 2,533,624 | 2,352,419 | 2,164,598 | 2,034,010 | 2,119,550 | 2,132,489 | 1,793,103 | 1,902,164 | 1,830,098 | 1,934,379 | 1,807,505 | 1,852,817 |
| Admin Expenses | 3,081,323 | 2,832,466 | 2,274,381 | 2,379,892 | 2,428,878 | 2,202,262 | 2,065,413 | 1,966,797 | 1,971,362 | 1,690,948 | 1,802,459 | 1,899,902 | 1,868,062 | 1,977,952 | 2,320,539 |
| Operating Profit | 341,525 | 719,585 | 678,985 | 153,732 | -76,459 | -37,664 | -31,403 | 152,753 | 161,127 | 102,155 | 99,705 | -69,804 | 66,317 | -170,447 | -467,722 |
| Interest Payable | 723 | 3,247 | 6,969 | ||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 348,083 | 719,585 | 695,351 | 158,600 | -75,635 | -38,256 | -27,375 | 158,527 | 166,078 | 118,753 | 103,809 | -55,966 | 71,819 | -173,694 | -474,691 |
| Tax | -75,605 | -85,223 | -15,983 | 11,331 | -22,586 | 3,650 | -18,324 | -23,399 | -1,052 | 302 | 50,146 | ||||
| Profit After Tax | 272,478 | 634,362 | 679,368 | 169,931 | -98,221 | -34,606 | -45,699 | 135,128 | 165,026 | 119,055 | 103,809 | -55,966 | 71,819 | -173,694 | -424,545 |
| Dividends Paid | 250,000 | 500,000 | 500,000 | ||||||||||||
| Retained Profit | 22,478 | 134,362 | 179,368 | 169,931 | -98,221 | -34,606 | -45,699 | 135,128 | 165,026 | 119,055 | 103,809 | -55,966 | 71,819 | -173,694 | -424,545 |
| Employee Costs | 5,920,212 | 5,637,652 | 5,023,367 | 4,431,683 | 4,787,707 | 4,807,990 | 4,532,542 | 4,405,268 | 4,277,328 | 3,821,289 | 3,762,033 | 3,835,538 | 3,921,245 | 3,828,730 | 4,577,250 |
| Number Of Employees | 141 | 146 | 142 | 136 | 144 | 146 | 147 | 140 | 152 | 141 | 138 | 140 | 147 | 142 | 176 |
| EBITDA* | 531,180 | 859,837 | 795,774 | 265,240 | 14,271 | 30,788 | 30,203 | 221,558 | 300,978 | 211,423 | 241,359 | 82,420 | 234,074 | 62,721 | -39,544 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 586,012 | 294,049 | 288,564 | 385,669 | 453,632 | 339,574 | 336,924 | 360,601 | 523,000 | 607,767 | 351,624 | 383,567 | 463,474 | 631,869 | 991,253 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 402,988 | 318,730 | 318,680 | 256,746 | 271,646 | 271,896 | 273,696 | 258,255 | 174,650 | 165,450 | 133,485 | 77,060 | 34,850 | 41,850 | 14,250 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 989,000 | 612,779 | 607,244 | 642,415 | 725,278 | 611,470 | 610,620 | 618,856 | 697,650 | 773,217 | 485,109 | 460,627 | 498,324 | 673,719 | 1,005,503 |
| Stock & work in progress | 312,053 | 280,927 | 261,437 | 375,366 | 448,335 | 349,709 | 353,516 | 339,952 | 288,761 | 259,668 | 256,238 | 665,923 | 647,487 | 672,167 | 750,528 |
| Trade Debtors | 1,890,926 | 2,041,127 | 2,031,436 | 1,742,588 | 1,810,211 | 1,872,005 | 1,734,947 | 1,884,475 | 1,902,640 | 1,768,623 | 2,037,505 | 1,924,122 | 1,974,478 | 1,783,714 | 1,523,195 |
| Group Debtors | 98,545 | 374,334 | 186,863 | 29,832 | 131,991 | 239,575 | 201,085 | 118,354 | 13,128 | 84,742 | 51,082 | 37,742 | 28,447 | 14,414 | 6,274 |
| Misc Debtors | 229,474 | 213,939 | 249,210 | 262,780 | 300,556 | 274,720 | 259,995 | 244,319 | 270,303 | 216,946 | 241,606 | 236,844 | 145,382 | 94,666 | 157,721 |
| Cash | 916,186 | 1,164,855 | 1,007,329 | 1,265,984 | 495,170 | 314,922 | 666,616 | 727,136 | 585,420 | 459,316 | 571,846 | 359,899 | 196,533 | 516,681 | 640,424 |
| misc current assets | |||||||||||||||
| total current assets | 3,447,184 | 4,075,182 | 3,736,275 | 3,676,550 | 3,186,263 | 3,050,931 | 3,216,159 | 3,314,236 | 3,060,252 | 2,789,295 | 3,158,277 | 3,224,530 | 2,992,327 | 3,081,642 | 3,078,142 |
| total assets | 4,436,184 | 4,687,961 | 4,343,519 | 4,318,965 | 3,911,541 | 3,662,401 | 3,826,779 | 3,933,092 | 3,757,902 | 3,562,512 | 3,643,386 | 3,685,157 | 3,490,651 | 3,755,361 | 4,083,645 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 681,785 | 959,268 | 834,081 | 726,217 | 872,391 | 553,196 | 635,904 | 668,349 | 450,810 | 601,607 | 642,332 | 549,298 | 702,212 | 714,193 | 447,600 |
| Group/Directors Accounts | 47,038 | 127,684 | 117,049 | 99,227 | 133,292 | 347,013 | 67,411 | 509,767 | 949,159 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 642,939 | 760,200 | 676,952 | 827,929 | 560,615 | 555,035 | 598,449 | 643,107 | 711,182 | 548,895 | 703,897 | 728,790 | 605,006 | 487,198 | 468,989 |
| total current liabilities | 1,371,762 | 1,719,468 | 1,511,033 | 1,681,830 | 1,433,006 | 1,108,231 | 1,234,353 | 1,311,456 | 1,279,041 | 1,249,729 | 1,479,521 | 1,625,101 | 1,374,629 | 1,711,158 | 1,865,748 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 129,905 | 56,454 | 54,809 | 38,826 | 50,157 | 27,571 | 31,221 | 14,732 | 7,085 | 6,033 | |||||
| total long term liabilities | 129,905 | 56,454 | 54,809 | 38,826 | 50,157 | 27,571 | 31,221 | 14,732 | 7,085 | 6,033 | |||||
| total liabilities | 1,501,667 | 1,775,922 | 1,565,842 | 1,720,656 | 1,483,163 | 1,135,802 | 1,265,574 | 1,326,188 | 1,286,126 | 1,255,762 | 1,479,521 | 1,625,101 | 1,374,629 | 1,711,158 | 1,865,748 |
| net assets | 2,934,517 | 2,912,039 | 2,777,677 | 2,598,309 | 2,428,378 | 2,526,599 | 2,561,205 | 2,606,904 | 2,471,776 | 2,306,750 | 2,163,865 | 2,060,056 | 2,116,022 | 2,044,203 | 2,217,897 |
| total shareholders funds | 2,934,517 | 2,912,039 | 2,777,677 | 2,598,309 | 2,428,378 | 2,526,599 | 2,561,205 | 2,606,904 | 2,471,776 | 2,306,750 | 2,163,865 | 2,060,056 | 2,116,022 | 2,044,203 | 2,217,897 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 341,525 | 719,585 | 678,985 | 153,732 | -76,459 | -37,664 | -31,403 | 152,753 | 161,127 | 102,155 | 99,705 | -69,804 | 66,317 | -170,447 | -467,722 |
| Depreciation | 189,655 | 140,252 | 116,789 | 111,508 | 90,730 | 68,452 | 61,606 | 68,805 | 139,851 | 109,268 | 141,654 | 152,224 | 167,757 | 233,168 | 390,678 |
| Amortisation | 37,500 | ||||||||||||||
| Tax | -75,605 | -85,223 | -15,983 | 11,331 | -22,586 | 3,650 | -18,324 | -23,399 | -1,052 | 302 | 50,146 | ||||
| Stock | 31,126 | 19,490 | -113,929 | -72,969 | 98,626 | -3,807 | 13,564 | 51,191 | 29,093 | 3,430 | -409,685 | 18,436 | -24,680 | -78,361 | 750,528 |
| Debtors | -410,455 | 161,891 | 432,309 | -207,558 | -143,542 | 190,273 | -51,121 | 61,077 | 115,760 | -259,882 | 131,485 | 50,401 | 255,513 | 205,604 | 1,687,190 |
| Creditors | -277,483 | 125,187 | 107,864 | -146,174 | 319,195 | -82,708 | -32,445 | 217,539 | -150,797 | -40,725 | 93,034 | -152,914 | -11,981 | 266,593 | 447,600 |
| Accruals and Deferred Income | -117,261 | 83,248 | -150,977 | 267,314 | 5,580 | -43,414 | -44,658 | -68,075 | 162,287 | -155,002 | -24,893 | 123,784 | 117,808 | 18,209 | 468,989 |
| Deferred Taxes & Provisions | 73,451 | 1,645 | 15,983 | -11,331 | 22,586 | -3,650 | 16,489 | 7,647 | 1,052 | 6,033 | |||||
| Cash flow from operations | 513,611 | 803,313 | 434,281 | 666,907 | 383,962 | -281,800 | -11,178 | 243,002 | 167,615 | 278,483 | 587,700 | -15,547 | 109,068 | 220,280 | -1,510,527 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 84,258 | 50 | 61,934 | -14,900 | -250 | -1,800 | 15,441 | 83,605 | 9,200 | 31,965 | 56,425 | 42,210 | -7,000 | 27,600 | 14,250 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 47,038 | -127,684 | 127,684 | -117,049 | 17,822 | -34,065 | -213,721 | 279,602 | -442,356 | -439,392 | 949,159 | ||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -723 | -3,247 | -6,969 | ||||||||||||
| cash flow from financing | 46,315 | -127,684 | 127,684 | -117,049 | 17,822 | -10,235 | -213,721 | 279,602 | -442,639 | 3,584,632 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | -248,669 | 157,526 | -258,655 | 770,814 | 180,248 | -351,694 | -60,520 | 141,716 | 126,104 | -112,530 | 211,947 | 163,366 | -320,148 | -123,743 | 640,424 |
| overdraft | |||||||||||||||
| change in cash | -248,669 | 157,526 | -258,655 | 770,814 | 180,248 | -351,694 | -60,520 | 141,716 | 126,104 | -112,530 | 211,947 | 163,366 | -320,148 | -123,743 | 640,424 |
welch's transport limited Credit Report and Business Information
Welch's Transport Limited Competitor Analysis
Perform a competitor analysis for welch's transport limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in CB22 area or any other competitors across 12 key performance metrics.
welch's transport limited Ownership
WELCH'S TRANSPORT LIMITED group structure
Welch'S Transport Limited has 1 subsidiary company.
welch's transport limited directors
Welch'S Transport Limited currently has 3 directors. The longest serving directors include Mr James Welch (Apr 1992) and Mr Christopher Welch (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Welch | 65 years | Apr 1992 | - | Director | |
| Mr Christopher Welch | 40 years | Apr 2017 | - | Director | |
| Mr David Welch | 30 years | Apr 2024 | - | Director |
P&L
December 2023turnover
14.8m
-3%
operating profit
341.5k
-53%
gross margin
23.1%
-0.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.9m
+0.01%
total assets
4.4m
-0.05%
cash
916.2k
-0.21%
net assets
Total assets minus all liabilities
welch's transport limited company details
company number
00343359
Type
Private limited with Share Capital
industry
49410 - Freight transport by road
incorporation date
August 1938
age
87
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PETERS ELWORTHY & MOORE
address
welch's transport ltd, moorfield road, cambridge, CB22 4PS
Bank
BARCLAYS BANK PLC
Legal Advisor
-
welch's transport 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 10 charges/mortgages relating to welch's transport limited. Currently there are 1 open charges and 9 have been satisfied in the past.
welch's transport limited Capital Raised & Share Issues BETA
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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welch's transport limited Companies House Filings - See Documents
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