E. J. Watts Pipeworks Limited

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e. j. watts pipeworks limited Company Information

Live

MatureSmallHealthy

Company Number

00556626

Website

www.ejwatts.co.uk

Registered Address

industrial estate, faldo road, barton-le-cley, bedford, MK45 4RJ

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01582881601

Next Accounts Due

June 2025

Group Structure

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Directors

Paul Taverner16 Years

Victoria Taverner10 Years

Shareholders

paul taverner 28.9%

laurence wells 24.5%

View All

e. j. watts pipeworks limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of E. J. WATTS PIPEWORKS LIMITED at £1.1m based on a Turnover of £2.1m and 0.54x industry multiple (adjusted for size and gross margin).

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E. J. Watts Pipeworks Limited is a live company located in barton-le-cley, MK45 4RJ with a Companies House number of 00556626. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 1955, it's largest shareholder is paul taverner with a 28.9% stake. E. J. Watts Pipeworks Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded E. J. Watts Pipeworks Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £2.1m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.6%)

EXPORT

E. J. Watts Pipeworks Limited's latest turnover from September 2023 is estimated at £2.1 million and the company has net assets of £66.8 thousand. According to their latest financial statements, E. J. Watts Pipeworks Limited has 24 employees and maintains cash reserves of £24.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,084,125	2,192,000	1,904,593	1,600,597	2,587,498	2,681,016	2,636,333	1,897,866	2,612,851	1,822,683	2,999,737	5,161,946	3,905,955	2,867,238	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,474,608	1,534,210	1,357,974	1,124,080	1,819,038	1,883,530	1,821,090	1,303,920	1,776,869	1,274,510	2,091,850	3,618,310	2,723,219	1,969,481	0
Gross Profit	609,518	657,790	546,618	476,517	768,460	797,486	815,243	593,946	835,982	548,173	907,886	1,543,636	1,182,736	897,757	0
Admin Expenses	669,617	621,395	513,757	535,307	882,615	792,279	836,546	593,104	797,424	533,704	664,806	1,781,732	1,456,678	972,920	-905,246
Operating Profit	-60,099	36,395	32,861	-58,790	-114,155	5,207	-21,303	842	38,558	14,469	243,080	-238,096	-273,942	-75,163	905,246
Interest Payable	8,951	8,779	7,440	3,813	0	0	0	0	15,880	15,880	0	0	0	0	0
Interest Receivable	1,598	932	43	37	327	472	222	304	1,155	1,413	857	329	104	311	276
Pre-Tax Profit	-67,452	28,548	25,464	-62,565	-113,828	5,679	-21,081	1,146	23,833	3	243,938	-237,767	-273,838	-74,852	905,522
Tax	0	-5,424	-4,838	0	0	-1,079	0	-229	-4,766	-1	-56,106	0	0	0	-253,546
Profit After Tax	-67,452	23,124	20,626	-62,565	-113,828	4,600	-21,081	917	19,066	2	187,832	-237,767	-273,838	-74,852	651,976
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-67,452	23,124	20,626	-62,565	-113,828	4,600	-21,081	917	19,066	2	187,832	-237,767	-273,838	-74,852	651,976
Employee Costs	944,684	904,762	1,200,841	927,471	1,058,333	1,155,242	991,538	559,798	702,157	503,535	810,302	1,347,653	1,040,344	838,661	0
Number Of Employees	24	25	34	26	30	34	30	17	22	16	26	44	35	29	0
EBITDA*	-25,049	63,560	62,585	-19,961	-69,140	45,862	20,482	42,792	76,305	47,566	278,754	-211,417	-247,250	-50,866	922,715

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	239,724	210,923	234,638	257,532	295,416	273,380	291,097	307,598	293,442	269,379	301,497	228,754	232,740	209,016	144,729
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	239,724	210,923	234,638	257,532	295,416	273,380	291,097	307,598	293,442	269,379	301,497	228,754	232,740	209,016	144,729
Stock & work in progress	408,646	470,014	450,514	268,050	271,864	300,957	235,239	146,998	229,923	162,316	81,000	86,302	82,882	71,110	58,167
Trade Debtors	327,823	383,452	191,688	215,623	499,513	521,285	611,698	529,691	647,441	456,098	576,314	1,125,822	977,239	793,833	703,521
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	157,103	136,409	158,530	221,508	0	0	0	0	0	0	0	59	0	0	0
Cash	24,257	39,651	43,218	42,704	31,324	55,987	69,924	107,447	135,567	326,316	238,830	104,084	27,623	14,010	110,465
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	917,829	1,029,526	843,950	747,885	802,701	878,229	916,861	784,136	1,012,931	944,730	896,144	1,316,267	1,087,744	878,953	872,153
total assets	1,157,553	1,240,449	1,078,588	1,005,417	1,098,117	1,151,609	1,207,958	1,091,734	1,306,373	1,214,109	1,197,641	1,545,021	1,320,484	1,087,969	1,016,882
Bank overdraft	25,038	25,038	25,038	8,154	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	0
Trade Creditors	204,872	336,506	194,757	137,410	431,373	388,337	406,646	235,234	437,614	331,550	932,832	1,469,502	1,007,198	495,578	328,806
Group/Directors Accounts	0	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	0
hp & lease commitments	7,823	6,600	7,200	10,200	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	394,259	277,244	215,443	171,403	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	631,992	645,388	442,438	327,167	431,373	388,337	406,646	235,234	437,614	331,550	932,832	1,469,502	1,007,198	495,578	328,806
loans	43,817	68,856	93,894	116,846	0	0	0	0	0	488,610	0	0	0	0	0
hp & lease commitments	24,091	1,100	7,700	14,900	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	0
other liabilities	390,893	390,893	423,468	456,042	513,717	496,417	539,057	573,164	586,340	130,596	1,458	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	5,267	26,100
total long term liabilities	458,801	460,849	525,062	587,788	513,717	496,417	539,057	573,164	586,340	619,206	1,458	0	0	5,267	26,100
total liabilities	1,090,793	1,106,237	967,500	914,955	945,090	884,754	945,703	808,398	1,023,954	950,756	934,290	1,469,502	1,007,198	500,845	354,906
net assets	66,760	134,212	111,088	90,462	153,027	266,855	262,255	283,336	282,419	263,353	263,351	75,519	313,286	587,124	661,976
total shareholders funds	66,760	134,212	111,088	90,462	153,027	266,855	262,255	283,336	282,419	263,353	263,351	75,519	313,286	587,124	661,976

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-60,099	36,395	32,861	-58,790	-114,155	5,207	-21,303	842	38,558	14,469	243,080	-238,096	-273,942	-75,163	905,246
Depreciation	35,050	27,165	29,724	38,829	45,015	40,655	41,785	41,950	37,747	33,097	35,674	26,679	26,692	24,297	17,469
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,424	-4,838	0	0	-1,079	0	-229	-4,766	-1	-56,106	0	0	0	-253,546
Stock	-61,368	19,500	182,464	-3,814	-29,093	65,718	88,241	-82,925	67,607	81,316	-5,302	3,420	11,772	12,943	58,167
Debtors	-34,935	169,643	-86,913	-62,382	-21,772	-90,413	82,007	-117,750	191,343	-120,216	-549,567	148,642	183,406	90,312	703,521
Creditors	-131,634	141,749	57,347	-293,963	43,036	-18,309	171,412	-202,380	106,064	-601,282	-536,670	462,304	511,620	166,772	328,806
Accruals and Deferred Income	117,015	61,801	44,040	171,403	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	-5,267	-20,833	26,100
Cash flow from operations	56,635	72,543	63,583	-76,325	24,761	51,169	21,646	40,858	-81,347	-514,817	240,847	98,825	63,925	-8,182	262,387
Investing Activities
capital expenditure	-63,851	-3,450	-6,830	-945	-67,051	-22,938	-25,284	-56,106	-61,810	-979	-108,417	-22,693	-50,416	-88,584	-162,198
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-63,851	-3,450	-6,830	-945	-67,051	-22,938	-25,284	-56,106	-61,810	-979	-108,417	-22,693	-50,416	-88,584	-162,198
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-25,039	-25,038	-22,952	116,846	0	0	0	0	-488,610	488,610	0	0	0	0	0
Hire Purchase and Lease Commitments	24,214	-7,200	-10,200	25,100	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-32,575	-32,574	-57,675	17,300	-42,640	-34,107	-13,176	455,744	129,138	1,458	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	-7,353	-7,847	-7,397	-3,776	327	472	222	304	-14,725	-14,467	857	329	104	311	276
cash flow from financing	-8,178	-72,660	-73,123	80,495	17,627	-42,168	-33,885	-12,872	-47,591	603,281	2,315	329	104	311	10,276
cash and cash equivalents
cash	-15,394	-3,567	514	11,380	-24,663	-13,937	-37,523	-28,120	-190,749	87,486	134,746	76,461	13,613	-96,455	110,465
overdraft	0	0	16,884	8,154	0	0	0	0	0	0	0	0	0	0	0
change in cash	-15,394	-3,567	-16,370	3,226	-24,663	-13,937	-37,523	-28,120	-190,749	87,486	134,746	76,461	13,613	-96,455	110,465

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for e. j. watts pipeworks limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in MK45 area or any other competitors across 12 key performance metrics.

E. J. WATTS PIPEWORKS LIMITED group structure

E. J. Watts Pipeworks Limited has no subsidiary companies.

Ultimate parent company

E. J. WATTS PIPEWORKS LIMITED

00556626

E. J. WATTS PIPEWORKS LIMITED Shareholders

paul taverner	28.9%
laurence wells	24.5%
anthony taverner	24.5%
kelly clark	4.42%
aaron taverner	4.42%
tate taverner	4.42%
georgia irving	4.42%
jane irving	4.42%

E. J. Watts Pipeworks Limited currently has 2 directors. The longest serving directors include Mr Paul Taverner (Jan 2008) and Mrs Victoria Taverner (Jan 2014).

officer	country	age	start	end	role
Mr Paul Taverner		59 years	Jan 2008	-	Director
Mrs Victoria Taverner		51 years	Jan 2014	-	Director

P&L

September 2023

turnover

2.1m

-5%

operating profit

-60.1k

gross margin

29.3%

-2.54%

turnover

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

Balance Sheet

September 2023

net assets

66.8k

-0.5%

total assets

1.2m

-0.07%

cash

24.3k

-0.39%

net assets

Total assets minus all liabilities

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company number

00556626

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

October 1955

accounts

Total Exemption Full

ultimate parent company

None

previous names

e. j. watts limited (October 1996)

e. j. watts pipeworks limited (October 1996)

last accounts submitted

September 2023

address

industrial estate, faldo road, barton-le-cley, bedford, MK45 4RJ

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 2 charges/mortgages relating to e. j. watts pipeworks limited. Currently there are 2 open charges and 0 have been satisfied in the past.

e. j. watts pipeworks limited Company Information

e. j. watts pipeworks limited Estimated Valuation

e. j. watts pipeworks limited Estimated Valuation

e. j. watts pipeworks limited Estimated Valuation

E. J. Watts Pipeworks Limited Overview

E. J. Watts Pipeworks Limited Health Check

E. J. WATTS PIPEWORKS LIMITED financials

e. j. watts pipeworks limited Credit Report and Business Information

E. J. Watts Pipeworks Limited Competitor Analysis

e. j. watts pipeworks limited Ownership

e. j. watts pipeworks limited directors

e. j. watts pipeworks limited company details

e. j. watts pipeworks limited Charges & Mortgages

e. j. watts pipeworks limited Companies House Filings - See Documents