george watson (accrington) limited
george watson (accrington) limited Company Information
Company Number
00495957
Registered Address
lower grange mill, church street, accrington, lancs, BB5 2ES
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
01706217521
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mr john hoyle 63%
mrs jennifer o'connell 37%
george watson (accrington) limited Estimated Valuation
Pomanda estimates the enterprise value of GEORGE WATSON (ACCRINGTON) LIMITED at £293.5k based on a Turnover of £656.3k and 0.45x industry multiple (adjusted for size and gross margin).
george watson (accrington) limited Estimated Valuation
Pomanda estimates the enterprise value of GEORGE WATSON (ACCRINGTON) LIMITED at £0 based on an EBITDA of £-18.1k and a 3.43x industry multiple (adjusted for size and gross margin).
george watson (accrington) limited Estimated Valuation
Pomanda estimates the enterprise value of GEORGE WATSON (ACCRINGTON) LIMITED at £219.2k based on Net Assets of £427.4k and 0.51x industry multiple (adjusted for liquidity).
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George Watson (accrington) Limited Overview
George Watson (accrington) Limited is a live company located in accrington, BB5 2ES with a Companies House number of 00495957. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in May 1951, it's largest shareholder is mr john hoyle with a 63% stake. George Watson (accrington) Limited is a mature, small sized company, Pomanda has estimated its turnover at £656.3k with declining growth in recent years.
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George Watson (accrington) Limited Health Check
Pomanda's financial health check has awarded George Watson (Accrington) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £656.3k, make it smaller than the average company (£12.4m)
- George Watson (accrington) Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.1%)
- George Watson (accrington) Limited
4.1% - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (29.1%)
- George Watson (accrington) Limited
29.1% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (6.4%)
- George Watson (accrington) Limited
6.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (79)
3 - George Watson (accrington) Limited
79 - Industry AVG
Pay Structure
on an average salary of £37.9k, the company has an equivalent pay structure (£37.9k)
- George Watson (accrington) Limited
£37.9k - Industry AVG
Efficiency
resulting in sales per employee of £218.8k, this is more efficient (£145.8k)
- George Watson (accrington) Limited
£145.8k - Industry AVG
Debtor Days
it gets paid by customers after 154 days, this is later than average (63 days)
- George Watson (accrington) Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (49 days)
- George Watson (accrington) Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- George Watson (accrington) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - George Watson (accrington) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.1%, this is a lower level of debt than the average (48.6%)
10.1% - George Watson (accrington) Limited
48.6% - Industry AVG
GEORGE WATSON (ACCRINGTON) LIMITED financials
George Watson (Accrington) Limited's latest turnover from March 2023 is estimated at £656.3 thousand and the company has net assets of £427.4 thousand. According to their latest financial statements, George Watson (Accrington) Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 197,815 | 197,980 | 198,210 | 198,525 | 198,885 | 199,340 | 199,920 | 192,890 | 193,805 | 194,955 | 196,400 | 198,220 | 196,455 | 198,335 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,750 | 7,750 | 7,750 | 7,750 | 7,750 | 7,750 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,750 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 197,815 | 197,980 | 198,210 | 198,525 | 198,885 | 199,340 | 199,920 | 200,640 | 201,555 | 202,705 | 204,150 | 205,970 | 204,205 | 206,085 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,356 | 9,715 | 9,133 | 8,975 | 10,239 | 9,172 | 7,338 |
| Trade Debtors | 277,741 | 288,967 | 324,991 | 318,499 | 374,193 | 355,684 | 414,995 | 362,726 | 344,023 | 412,650 | 361,907 | 334,856 | 299,959 | 239,147 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66,261 | 141,189 | 194,888 | 237,136 | 260,583 | 293,881 | 357,409 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 277,741 | 288,967 | 324,991 | 318,499 | 374,193 | 355,684 | 414,995 | 438,343 | 494,927 | 616,671 | 608,018 | 605,678 | 603,012 | 603,894 |
| total assets | 475,556 | 486,947 | 523,201 | 517,024 | 573,078 | 555,024 | 614,915 | 638,983 | 696,482 | 819,376 | 812,168 | 811,648 | 807,217 | 809,979 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 48,205 | 41,461 | 55,077 | 53,206 | 41,216 | 31,674 | 23,441 | 13,750 | 32,063 | 24,994 | 20,545 | 22,513 | 20,266 | 23,371 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 48,205 | 41,461 | 55,077 | 53,206 | 41,216 | 31,674 | 23,441 | 13,750 | 32,063 | 24,994 | 20,545 | 22,513 | 20,266 | 23,371 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 48,205 | 41,461 | 55,077 | 53,206 | 41,216 | 31,674 | 23,441 | 13,750 | 32,063 | 24,994 | 20,545 | 22,513 | 20,266 | 23,371 |
| net assets | 427,351 | 445,486 | 468,124 | 463,818 | 531,862 | 523,350 | 591,474 | 625,233 | 664,419 | 794,382 | 791,623 | 789,135 | 786,951 | 786,608 |
| total shareholders funds | 427,351 | 445,486 | 468,124 | 463,818 | 531,862 | 523,350 | 591,474 | 625,233 | 664,419 | 794,382 | 791,623 | 789,135 | 786,951 | 786,608 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 915 | 1,150 | 1,445 | 1,820 | 0 | |||||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -9,356 | -359 | 582 | 158 | -1,264 | 1,067 | 1,834 | 7,338 |
| Debtors | -11,226 | -36,024 | 6,492 | -55,694 | 18,509 | -59,311 | 52,269 | 18,703 | -68,627 | 50,743 | 27,051 | 34,897 | 60,812 | 239,147 |
| Creditors | 6,744 | -13,616 | 1,871 | 11,990 | 9,542 | 8,233 | 9,691 | -18,313 | 7,069 | 4,449 | -1,968 | 2,247 | -3,105 | 23,371 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,750 | 7,750 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -66,261 | -74,928 | -53,699 | -42,248 | -23,447 | -33,298 | -63,528 | 357,409 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -66,261 | -74,928 | -53,699 | -42,248 | -23,447 | -33,298 | -63,528 | 357,409 |
george watson (accrington) limited Credit Report and Business Information
George Watson (accrington) Limited Competitor Analysis
Perform a competitor analysis for george watson (accrington) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BB5 area or any other competitors across 12 key performance metrics.
george watson (accrington) limited Ownership
GEORGE WATSON (ACCRINGTON) LIMITED group structure
George Watson (Accrington) Limited has no subsidiary companies.
Ultimate parent company
GEORGE WATSON (ACCRINGTON) LIMITED
00495957
george watson (accrington) limited directors
George Watson (Accrington) Limited currently has 2 directors. The longest serving directors include Mrs Jennifer O'Connell (Dec 1990) and Mr John Hoyle (Dec 1990).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Jennifer O'Connell | 77 years | Dec 1990 | - | Director | |
| Mr John Hoyle | England | 70 years | Dec 1990 | - | Director |
P&L
March 2023turnover
656.3k
+1%
operating profit
-18.1k
0%
gross margin
21.1%
+5.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
427.4k
-0.04%
total assets
475.6k
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
george watson (accrington) limited company details
company number
00495957
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
May 1951
age
73
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
lower grange mill, church street, accrington, lancs, BB5 2ES
accountant
-
auditor
-
george watson (accrington) 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 did not find charges/mortgages relating to george watson (accrington) limited.
george watson (accrington) limited Companies House Filings - See Documents
| date | description | view/download |
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