waddington custot galleries limited
waddington custot galleries limited Company Information
Company Number
00872520
Website
www.waddington-galleries.comRegistered Address
11 cork street, london, W1S 3LT
Industry
Retail sale in commercial art galleries
Telephone
02078512200
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
stephane custot 100%
waddington custot galleries limited Estimated Valuation
Pomanda estimates the enterprise value of WADDINGTON CUSTOT GALLERIES LIMITED at £8.6m based on a Turnover of £18.8m and 0.46x industry multiple (adjusted for size and gross margin).
waddington custot galleries limited Estimated Valuation
Pomanda estimates the enterprise value of WADDINGTON CUSTOT GALLERIES LIMITED at £20.2m based on an EBITDA of £3.5m and a 5.73x industry multiple (adjusted for size and gross margin).
waddington custot galleries limited Estimated Valuation
Pomanda estimates the enterprise value of WADDINGTON CUSTOT GALLERIES LIMITED at £39.3m based on Net Assets of £24.6m and 1.6x industry multiple (adjusted for liquidity).
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Waddington Custot Galleries Limited Overview
Waddington Custot Galleries Limited is a live company located in london, W1S 3LT with a Companies House number of 00872520. It operates in the retail sale in commercial art galleries sector, SIC Code 47781. Founded in February 1966, it's largest shareholder is stephane custot with a 100% stake. Waddington Custot Galleries Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.8m with declining growth in recent years.
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Waddington Custot Galleries Limited Health Check
Pomanda's financial health check has awarded Waddington Custot Galleries Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £18.8m, make it larger than the average company (£10.2m)
£18.8m - Waddington Custot Galleries Limited
£10.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (2.2%)
-13% - Waddington Custot Galleries Limited
2.2% - Industry AVG
Production
with a gross margin of 40.4%, this company has a lower cost of product (26.3%)
40.4% - Waddington Custot Galleries Limited
26.3% - Industry AVG
Profitability
an operating margin of 18.7% make it more profitable than the average company (6.7%)
18.7% - Waddington Custot Galleries Limited
6.7% - Industry AVG
Employees
with 14 employees, this is above the industry average (9)
14 - Waddington Custot Galleries Limited
9 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£71.9k)
£67.9k - Waddington Custot Galleries Limited
£71.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£872.6k)
£1.3m - Waddington Custot Galleries Limited
£872.6k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (24 days)
17 days - Waddington Custot Galleries Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 129 days, this is slower than average (50 days)
129 days - Waddington Custot Galleries Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 817 days, this is more than average (246 days)
817 days - Waddington Custot Galleries Limited
246 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (23 weeks)
34 weeks - Waddington Custot Galleries Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.6%, this is a lower level of debt than the average (65.3%)
19.6% - Waddington Custot Galleries Limited
65.3% - Industry AVG
waddington custot galleries limited Credit Report and Business Information
Waddington Custot Galleries Limited Competitor Analysis
Perform a competitor analysis for waddington custot galleries limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
waddington custot galleries limited Ownership
WADDINGTON CUSTOT GALLERIES LIMITED group structure
Waddington Custot Galleries Limited has no subsidiary companies.
Ultimate parent company
WADDINGTON CUSTOT GALLERIES LIMITED
00872520
waddington custot galleries limited directors
Waddington Custot Galleries Limited currently has 2 directors. The longest serving directors include Mr Nizar Kanji (Jan 2017) and Mr Jacob Twyford (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nizar Kanji | United Kingdom | 73 years | Jan 2017 | - | Director |
| Mr Jacob Twyford | 60 years | Nov 2018 | - | Director |
WADDINGTON CUSTOT GALLERIES LIMITED financials
Waddington Custot Galleries Limited's latest turnover from December 2022 is £18.8 million and the company has net assets of £24.6 million. According to their latest financial statements, Waddington Custot Galleries Limited has 14 employees and maintains cash reserves of £4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 18,812,000 | 18,469,000 | 14,413,000 | 28,609,000 | 22,930,000 | 17,869,000 | 18,781,000 | 11,450,000 | 14,399,000 | 13,743,000 | 16,143,000 | 13,609,000 | 10,348,000 | 11,706,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,212,000 | 13,458,000 | 9,451,000 | 20,106,000 | 14,444,000 | 10,277,000 | 10,573,000 | 5,663,000 | 8,988,000 | 8,491,000 | 11,289,000 | 9,071,000 | 6,410,000 | 7,213,000 |
| Gross Profit | 7,600,000 | 5,011,000 | 4,962,000 | 8,503,000 | 8,486,000 | 7,592,000 | 8,208,000 | 5,787,000 | 5,411,000 | 5,252,000 | 4,854,000 | 4,538,000 | 3,938,000 | 4,493,000 |
| Admin Expenses | 4,078,000 | 3,726,000 | 3,271,000 | 4,437,000 | 3,972,000 | 4,191,000 | 3,503,000 | 3,582,000 | 3,943,000 | 4,102,000 | 3,153,000 | 2,889,000 | 2,687,000 | 3,458,000 |
| Operating Profit | 3,522,000 | 1,285,000 | 1,691,000 | 4,066,000 | 4,514,000 | 3,401,000 | 4,705,000 | 2,205,000 | 1,468,000 | 1,150,000 | 1,701,000 | 1,649,000 | 1,251,000 | 1,035,000 |
| Interest Payable | 53,000 | 28,000 | 6,000 | 48,000 | 106,000 | 149,000 | 212,000 | 21,000 | 30,000 | 93,000 | 174,000 | 241,000 | 291,000 | 242,000 |
| Interest Receivable | 9,000 | 1,000 | 3,000 | 19,000 | 21,000 | 4,000 | 3,000 | 18,000 | 8,000 | 16,000 | 24,000 | 20,000 | 14,000 | 32,000 |
| Pre-Tax Profit | 3,478,000 | 1,228,000 | 1,688,000 | 4,037,000 | 4,429,000 | 3,256,000 | 4,496,000 | 2,202,000 | 1,840,000 | 1,073,000 | 1,551,000 | 1,428,000 | 974,000 | 825,000 |
| Tax | -691,000 | -280,000 | -325,000 | -789,000 | -861,000 | -642,000 | -920,000 | -505,000 | -330,000 | -266,000 | -408,000 | -394,000 | -341,000 | -240,000 |
| Profit After Tax | 2,787,000 | 948,000 | 1,363,000 | 3,248,000 | 3,568,000 | 2,614,000 | 3,576,000 | 1,697,000 | 1,510,000 | 807,000 | 1,143,000 | 1,034,000 | 633,000 | 585,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 502,000 | 202,000 | 202,000 | 202,000 | 0 | 0 |
| Retained Profit | 2,787,000 | 948,000 | 1,363,000 | 3,248,000 | 3,568,000 | 2,614,000 | 3,576,000 | 1,697,000 | 1,008,000 | 605,000 | 941,000 | 832,000 | 633,000 | 585,000 |
| Employee Costs | 951,000 | 903,000 | 997,000 | 1,043,000 | 885,000 | 864,000 | 998,000 | 1,456,000 | 1,514,000 | 1,807,000 | 1,417,000 | 1,338,000 | 1,121,000 | 1,803,000 |
| Number Of Employees | 14 | 14 | 14 | 14 | 13 | 14 | 12 | 14 | 14 | 13 | 14 | 12 | 12 | 16 |
| EBITDA* | 3,522,000 | 1,285,000 | 1,760,000 | 4,139,000 | 4,614,000 | 3,472,000 | 4,767,000 | 2,263,000 | 1,515,000 | 1,190,000 | 1,730,000 | 1,734,000 | 1,320,000 | 1,108,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 37,000 | 42,000 | 82,000 | 120,000 | 171,000 | 180,000 | 195,000 | 160,000 | 165,000 | 168,000 | 150,000 | 170,000 | 154,000 | 214,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 38,000 | 38,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 183,000 | 153,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 37,000 | 42,000 | 265,000 | 273,000 | 171,000 | 180,000 | 233,000 | 198,000 | 165,000 | 168,000 | 150,000 | 170,000 | 154,000 | 214,000 |
| Stock & work in progress | 25,121,000 | 23,018,000 | 19,453,000 | 19,153,000 | 17,089,000 | 15,260,000 | 12,696,000 | 10,020,000 | 10,919,000 | 12,477,000 | 12,982,000 | 13,833,000 | 14,741,000 | 15,366,000 |
| Trade Debtors | 920,000 | 1,118,000 | 2,502,000 | 3,508,000 | 1,980,000 | 1,630,000 | 2,941,000 | 1,817,000 | 494,000 | 2,461,000 | 2,252,000 | 2,178,000 | 1,619,000 | 1,880,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 521,000 | 359,000 | 227,000 | 649,000 | 543,000 | 402,000 | 305,000 | 186,000 | 484,000 | 415,000 | 474,000 | 330,000 | 276,000 | 384,000 |
| Cash | 3,957,000 | 3,208,000 | 3,296,000 | 2,142,000 | 2,279,000 | 2,691,000 | 3,469,000 | 4,047,000 | 7,963,000 | 5,160,000 | 5,448,000 | 5,222,000 | 5,005,000 | 3,235,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,519,000 | 27,703,000 | 25,478,000 | 25,452,000 | 21,891,000 | 19,983,000 | 19,411,000 | 16,070,000 | 19,860,000 | 20,513,000 | 21,156,000 | 21,563,000 | 21,641,000 | 20,865,000 |
| total assets | 30,556,000 | 27,745,000 | 25,743,000 | 25,725,000 | 22,062,000 | 20,163,000 | 19,644,000 | 16,268,000 | 20,025,000 | 20,681,000 | 21,306,000 | 21,733,000 | 21,795,000 | 21,079,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 500,000 | 1,000,000 | 500,000 | 344,000 | 1,375,000 | 1,375,000 | 1,375,000 | 1,125,000 | 0 | 1,125,000 | 1,488,000 | 988,000 | 1,038,000 | 663,000 |
| Trade Creditors | 3,983,000 | 1,852,000 | 1,913,000 | 4,580,000 | 2,789,000 | 3,071,000 | 3,319,000 | 3,160,000 | 2,020,000 | 3,018,000 | 2,578,000 | 2,959,000 | 2,351,000 | 1,691,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 93,000 | 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 | 1,517,000 | 2,624,000 | 1,004,000 | 1,336,000 | 1,330,000 | 1,336,000 | 1,808,000 | 1,052,000 | 1,218,000 | 759,000 | 949,000 | 948,000 | 912,000 | 826,000 |
| total current liabilities | 6,000,000 | 5,476,000 | 3,417,000 | 6,260,000 | 5,494,000 | 5,782,000 | 6,502,000 | 5,430,000 | 3,238,000 | 4,902,000 | 5,015,000 | 4,895,000 | 4,301,000 | 3,180,000 |
| loans | 0 | 500,000 | 1,500,000 | 0 | 344,000 | 1,719,000 | 3,094,000 | 4,375,000 | 0 | 0 | 1,117,000 | 2,605,000 | 4,093,000 | 5,131,000 |
| 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 | 5,000 | 7,000 | 14,000 | 20,000 | 20,000 | 11,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 500,000 | 1,505,000 | 7,000 | 358,000 | 1,739,000 | 3,114,000 | 4,386,000 | 0 | 0 | 1,117,000 | 2,605,000 | 4,093,000 | 5,131,000 |
| total liabilities | 6,000,000 | 5,976,000 | 4,922,000 | 6,267,000 | 5,852,000 | 7,521,000 | 9,616,000 | 9,816,000 | 3,238,000 | 4,902,000 | 6,132,000 | 7,500,000 | 8,394,000 | 8,311,000 |
| net assets | 24,556,000 | 21,769,000 | 20,821,000 | 19,458,000 | 16,210,000 | 12,642,000 | 10,028,000 | 6,452,000 | 16,787,000 | 15,779,000 | 15,174,000 | 14,233,000 | 13,401,000 | 12,768,000 |
| total shareholders funds | 24,556,000 | 21,769,000 | 20,821,000 | 19,458,000 | 16,210,000 | 12,642,000 | 10,028,000 | 6,452,000 | 16,787,000 | 15,779,000 | 15,174,000 | 14,233,000 | 13,401,000 | 12,768,000 |
| 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 | 3,522,000 | 1,285,000 | 1,691,000 | 4,066,000 | 4,514,000 | 3,401,000 | 4,705,000 | 2,205,000 | 1,468,000 | 1,150,000 | 1,701,000 | 1,649,000 | 1,251,000 | 1,035,000 |
| Depreciation | 0 | 0 | 69,000 | 73,000 | 100,000 | 71,000 | 62,000 | 58,000 | 47,000 | 40,000 | 29,000 | 85,000 | 69,000 | 73,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -691,000 | -280,000 | -325,000 | -789,000 | -861,000 | -642,000 | -920,000 | -505,000 | -330,000 | -266,000 | -408,000 | -394,000 | -341,000 | -240,000 |
| Stock | 2,103,000 | 3,565,000 | 300,000 | 2,064,000 | 1,829,000 | 2,564,000 | 2,676,000 | -899,000 | -1,558,000 | -505,000 | -851,000 | -908,000 | -625,000 | 15,366,000 |
| Debtors | -36,000 | -1,435,000 | -1,398,000 | 1,787,000 | 491,000 | -1,214,000 | 1,243,000 | 1,025,000 | -1,898,000 | 150,000 | 218,000 | 613,000 | -369,000 | 2,264,000 |
| Creditors | 2,131,000 | -61,000 | -2,667,000 | 1,791,000 | -282,000 | -248,000 | 159,000 | 1,140,000 | -998,000 | 440,000 | -381,000 | 608,000 | 660,000 | 1,691,000 |
| Accruals and Deferred Income | -1,107,000 | 1,620,000 | -332,000 | 6,000 | -6,000 | -472,000 | 756,000 | -166,000 | 459,000 | -190,000 | 1,000 | 36,000 | 86,000 | 826,000 |
| Deferred Taxes & Provisions | 0 | -5,000 | -2,000 | -7,000 | -6,000 | 0 | 9,000 | 11,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,788,000 | 429,000 | -468,000 | 1,289,000 | 1,139,000 | 760,000 | 852,000 | 2,617,000 | 4,102,000 | 1,529,000 | 1,575,000 | 2,279,000 | 2,719,000 | -14,245,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -90,000 | -57,000 | -97,000 | -53,000 | -44,000 | -58,000 | -9,000 | -101,000 | -9,000 | -31,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -38,000 | 0 | 38,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -90,000 | -19,000 | -97,000 | -91,000 | -44,000 | -58,000 | -9,000 | -101,000 | -9,000 | -31,000 |
| Financing Activities | ||||||||||||||
| Bank loans | -500,000 | 500,000 | 156,000 | -1,031,000 | 0 | 0 | 250,000 | 1,125,000 | -1,125,000 | -363,000 | 500,000 | -50,000 | 375,000 | 663,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -93,000 | 93,000 | 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 | -500,000 | -1,000,000 | 1,500,000 | -344,000 | -1,375,000 | -1,375,000 | -1,281,000 | 4,375,000 | 0 | -1,117,000 | -1,488,000 | -1,488,000 | -1,038,000 | 5,131,000 |
| 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 | -44,000 | -27,000 | -3,000 | -29,000 | -85,000 | -145,000 | -209,000 | -3,000 | -22,000 | -77,000 | -150,000 | -221,000 | -277,000 | -210,000 |
| cash flow from financing | -1,044,000 | -527,000 | 1,653,000 | -1,404,000 | -1,460,000 | -1,520,000 | -1,333,000 | -6,442,000 | -1,147,000 | -1,557,000 | -1,138,000 | -1,759,000 | -940,000 | 17,767,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 749,000 | -88,000 | 1,154,000 | -137,000 | -412,000 | -778,000 | -578,000 | -3,916,000 | 2,803,000 | -288,000 | 226,000 | 217,000 | 1,770,000 | 3,235,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 749,000 | -88,000 | 1,154,000 | -137,000 | -412,000 | -778,000 | -578,000 | -3,916,000 | 2,803,000 | -288,000 | 226,000 | 217,000 | 1,770,000 | 3,235,000 |
P&L
December 2022turnover
18.8m
+2%
operating profit
3.5m
+174%
gross margin
40.4%
+48.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
24.6m
+0.13%
total assets
30.6m
+0.1%
cash
4m
+0.23%
net assets
Total assets minus all liabilities
Similar Companies
waddington custot galleries limited company details
company number
00872520
Type
Private limited with Share Capital
industry
47781 - Retail sale in commercial art galleries
incorporation date
February 1966
age
58
accounts
Full Accounts
ultimate parent company
previous names
waddington galleries limited (February 2011)
waddington and tooth galleries limited (December 1978)
incorporated
UK
address
11 cork street, london, W1S 3LT
last accounts submitted
December 2022
waddington custot galleries 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 13 charges/mortgages relating to waddington custot galleries limited. Currently there are 1 open charges and 12 have been satisfied in the past.
waddington custot galleries limited Companies House Filings - See Documents
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