wates property services limited
wates property services limited Company Information
Company Number
01141788
Next Accounts
Sep 2025
Shareholders
wates construction ltd
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
wates house station approach, leatherhead, surrey, KT22 7SW
Website
www.wates.co.ukwates property services limited Estimated Valuation
Pomanda estimates the enterprise value of WATES PROPERTY SERVICES LIMITED at £400.1m based on a Turnover of £364.4m and 1.1x industry multiple (adjusted for size and gross margin).
wates property services limited Estimated Valuation
Pomanda estimates the enterprise value of WATES PROPERTY SERVICES LIMITED at £69.8m based on an EBITDA of £9.7m and a 7.23x industry multiple (adjusted for size and gross margin).
wates property services limited Estimated Valuation
Pomanda estimates the enterprise value of WATES PROPERTY SERVICES LIMITED at £71.9m based on Net Assets of £36.6m and 1.96x industry multiple (adjusted for liquidity).
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Wates Property Services Limited Overview
Wates Property Services Limited is a live company located in surrey, KT22 7SW with a Companies House number of 01141788. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 1973, it's largest shareholder is wates construction ltd with a 100% stake. Wates Property Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £364.4m with high growth in recent years.
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Wates Property Services Limited Health Check
Pomanda's financial health check has awarded Wates Property Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £364.4m, make it larger than the average company (£1.2m)
£364.4m - Wates Property Services Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.9%)
19% - Wates Property Services Limited
7.9% - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (41.8%)
19.8% - Wates Property Services Limited
41.8% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (6.4%)
2.4% - Wates Property Services Limited
6.4% - Industry AVG
Employees
with 1010 employees, this is above the industry average (15)
1010 - Wates Property Services Limited
15 - Industry AVG
Pay Structure
on an average salary of £56k, the company has a higher pay structure (£34.5k)
£56k - Wates Property Services Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £360.8k, this is more efficient (£104.6k)
£360.8k - Wates Property Services Limited
£104.6k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (31 days)
78 days - Wates Property Services Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (40 days)
13 days - Wates Property Services Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (40 days)
0 days - Wates Property Services Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (38 weeks)
11 weeks - Wates Property Services Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.4%, this is a higher level of debt than the average (48%)
65.4% - Wates Property Services Limited
48% - Industry AVG
WATES PROPERTY SERVICES LIMITED financials
Wates Property Services Limited's latest turnover from December 2023 is £364.4 million and the company has net assets of £36.6 million. According to their latest financial statements, Wates Property Services Limited has 1,010 employees and maintains cash reserves of £15.5 million 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 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 364,362,000 | 235,990,000 | 213,204,000 | 213,935,000 | 201,815,000 | 225,472,000 | 158,351,000 | 115,961,000 | 73,562,000 | 68,579,000 | 53,404,000 | 46,261,000 | 54,592,000 | 46,156,000 | 47,774,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 292,413,000 | 190,094,000 | 172,103,000 | 175,173,000 | 161,335,000 | 188,041,000 | 128,941,000 | 96,239,000 | 59,397,000 | 56,632,000 | 42,176,000 | 35,788,000 | 41,319,000 | 34,918,000 | 35,490,000 |
| Gross Profit | 71,949,000 | 45,896,000 | 41,101,000 | 38,762,000 | 40,480,000 | 37,431,000 | 29,410,000 | 19,722,000 | 14,165,000 | 11,947,000 | 11,228,000 | 10,473,000 | 13,273,000 | 11,238,000 | 12,284,000 |
| Admin Expenses | 63,263,000 | 41,476,000 | 37,322,000 | 36,475,000 | 33,828,000 | 31,251,000 | 24,871,000 | 17,282,000 | 11,436,000 | 8,253,000 | 7,173,000 | 6,775,000 | 9,040,000 | 8,062,000 | 9,633,000 |
| Operating Profit | 8,686,000 | 4,420,000 | 3,779,000 | 2,287,000 | 6,652,000 | 6,180,000 | 4,539,000 | 2,440,000 | 2,729,000 | 3,694,000 | 4,055,000 | 3,698,000 | 4,233,000 | 3,176,000 | 2,651,000 |
| Interest Payable | 47,000 | 7,000 | 149,000 | 265,000 | 241,000 | 169,000 | 158,000 | 76,000 | |||||||
| Interest Receivable | 322,000 | 61,000 | 27,000 | 87,000 | 37,000 | 1,000 | 5,000 | 5,000 | 97,000 | 126,000 | 111,000 | 37,000 | 6,000 | 16,000 | |
| Pre-Tax Profit | 9,038,000 | 4,383,000 | 3,866,000 | 2,122,000 | 6,518,000 | 6,010,000 | 4,371,000 | 2,287,000 | 2,658,000 | 3,791,000 | 4,181,000 | 3,809,000 | 4,270,000 | 3,182,000 | 2,667,000 |
| Tax | -1,800,000 | -232,000 | -627,000 | 78,000 | -1,326,000 | -1,308,000 | -739,000 | -143,000 | -511,000 | -709,000 | -984,000 | -954,000 | -1,033,000 | -1,031,000 | -801,000 |
| Profit After Tax | 7,238,000 | 4,151,000 | 3,239,000 | 2,200,000 | 5,192,000 | 4,702,000 | 3,632,000 | 2,144,000 | 2,147,000 | 3,082,000 | 3,197,000 | 2,855,000 | 3,237,000 | 2,151,000 | 1,866,000 |
| Dividends Paid | 3,658,000 | 2,886,000 | 3,500,000 | 902,000 | 3,356,000 | 2,465,000 | 2,557,000 | 2,284,000 | 900,000 | ||||||
| Retained Profit | 3,580,000 | 1,265,000 | 3,239,000 | 2,200,000 | 1,692,000 | 4,702,000 | 2,730,000 | -1,212,000 | -318,000 | 525,000 | 913,000 | 2,855,000 | 3,237,000 | 2,151,000 | 966,000 |
| Employee Costs | 56,604,000 | 35,774,000 | 36,324,000 | 34,050,000 | 33,835,000 | 33,417,000 | 31,575,000 | 27,003,000 | 15,674,000 | 15,227,000 | 12,892,000 | 11,594,000 | 13,524,000 | 13,460,000 | 15,142,000 |
| Number Of Employees | 1,010 | 788 | 904 | 848 | 821 | 949 | 852 | 720 | 439 | 368 | 328 | 326 | 331 | 350 | 389 |
| EBITDA* | 9,660,000 | 5,552,000 | 4,977,000 | 3,475,000 | 8,517,000 | 7,007,000 | 5,127,000 | 2,955,000 | 2,950,000 | 3,770,000 | 4,211,000 | 3,922,000 | 4,629,000 | 3,443,000 | 2,868,000 |
* 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 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,886,000 | 1,246,000 | 1,136,000 | 1,520,000 | 2,011,000 | 2,389,000 | 2,377,000 | 2,692,000 | 2,674,000 | 1,291,000 | 163,000 | 236,000 | 428,000 | 576,000 | 504,000 |
| Intangible Assets | 4,536,000 | 4,953,000 | 5,370,000 | 5,787,000 | 6,204,000 | 6,621,000 | |||||||||
| Investments & Other | 124,000 | 290,000 | 281,000 | 248,000 | 291,000 | 328,000 | 13,709,000 | 13,709,000 | 13,709,000 | 13,709,000 | 98,000 | 98,000 | |||
| Debtors (Due After 1 year) | 84,000 | 21,000 | |||||||||||||
| Total Fixed Assets | 9,630,000 | 6,510,000 | 6,787,000 | 7,555,000 | 8,506,000 | 9,338,000 | 16,086,000 | 16,401,000 | 16,383,000 | 15,000,000 | 261,000 | 334,000 | 428,000 | 576,000 | 504,000 |
| Stock & work in progress | 70,000 | 60,000 | 130,000 | 92,000 | 207,000 | 289,000 | 260,000 | 345,000 | 223,000 | 356,000 | 208,000 | 143,000 | 152,000 | 198,000 | 2,281,000 |
| Trade Debtors | 78,424,000 | 47,604,000 | 33,735,000 | 34,996,000 | 35,529,000 | 38,398,000 | 32,904,000 | 29,975,000 | 19,168,000 | 8,463,000 | 13,222,000 | 10,577,000 | 9,612,000 | 11,250,000 | 10,649,000 |
| Group Debtors | 337,000 | 6,412,000 | 3,869,000 | 4,572,000 | 3,455,000 | 3,134,000 | 6,644,000 | 12,914,000 | 12,650,000 | 8,088,000 | |||||
| Misc Debtors | 1,849,000 | 1,144,000 | 1,761,000 | 2,568,000 | 3,247,000 | 996,000 | 673,000 | 357,000 | 498,000 | 24,000 | 31,000 | 115,000 | 303,000 | 1,290,000 | 1,483,000 |
| Cash | 15,455,000 | 15,039,000 | 15,698,000 | 18,383,000 | 18,010,000 | 13,497,000 | 11,011,000 | 8,011,000 | 2,837,000 | 3,208,000 | 2,087,000 | 3,207,000 | 4,256,000 | 6,655,000 | 4,037,000 |
| misc current assets | |||||||||||||||
| total current assets | 96,135,000 | 70,259,000 | 55,193,000 | 60,611,000 | 60,448,000 | 56,314,000 | 44,848,000 | 38,688,000 | 22,726,000 | 18,695,000 | 28,462,000 | 26,692,000 | 22,411,000 | 19,393,000 | 18,450,000 |
| total assets | 105,765,000 | 76,769,000 | 61,980,000 | 68,166,000 | 68,954,000 | 65,652,000 | 60,934,000 | 55,089,000 | 39,109,000 | 33,695,000 | 28,723,000 | 27,026,000 | 22,839,000 | 19,969,000 | 18,954,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 10,865,000 | 7,349,000 | 11,006,000 | 14,085,000 | 15,136,000 | 13,201,000 | 11,874,000 | 13,243,000 | 8,183,000 | 4,636,000 | 6,390,000 | 5,653,000 | 5,024,000 | 5,861,000 | 5,766,000 |
| Group/Directors Accounts | 7,970,000 | 12,235,000 | 1,042,000 | 10,349,000 | 15,852,000 | 12,726,000 | 17,148,000 | 17,148,000 | 8,098,000 | 3,891,000 | 266,000 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 50,289,000 | 24,124,000 | 16,856,000 | 14,198,000 | 10,388,000 | 13,351,000 | 11,412,000 | 6,910,000 | 3,830,000 | 5,887,000 | 3,577,000 | 3,530,000 | 2,827,000 | 2,362,000 | 3,327,000 |
| total current liabilities | 69,124,000 | 43,708,000 | 28,904,000 | 38,632,000 | 41,376,000 | 39,278,000 | 40,434,000 | 37,301,000 | 20,111,000 | 14,414,000 | 9,967,000 | 9,183,000 | 7,851,000 | 8,223,000 | 9,359,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 923,000 | 1,221,000 | 1,709,000 | ||||||||||||
| other liabilities | 54,000 | ||||||||||||||
| provisions | 1,280,000 | 19,000 | 37,000 | 35,000 | |||||||||||
| total long term liabilities | 1,280,000 | 977,000 | 1,221,000 | 1,709,000 | 19,000 | 37,000 | 35,000 | ||||||||
| total liabilities | 69,124,000 | 43,708,000 | 30,184,000 | 39,609,000 | 42,597,000 | 40,987,000 | 40,453,000 | 37,338,000 | 20,146,000 | 14,414,000 | 9,967,000 | 9,183,000 | 7,851,000 | 8,223,000 | 9,359,000 |
| net assets | 36,641,000 | 33,061,000 | 31,796,000 | 28,557,000 | 26,357,000 | 24,665,000 | 20,481,000 | 17,751,000 | 18,963,000 | 19,281,000 | 18,756,000 | 17,843,000 | 14,988,000 | 11,746,000 | 9,595,000 |
| total shareholders funds | 36,641,000 | 33,061,000 | 31,796,000 | 28,557,000 | 26,357,000 | 24,665,000 | 20,481,000 | 17,751,000 | 18,963,000 | 19,281,000 | 18,756,000 | 17,843,000 | 14,988,000 | 11,746,000 | 9,595,000 |
| 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 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 8,686,000 | 4,420,000 | 3,779,000 | 2,287,000 | 6,652,000 | 6,180,000 | 4,539,000 | 2,440,000 | 2,729,000 | 3,694,000 | 4,055,000 | 3,698,000 | 4,233,000 | 3,176,000 | 2,651,000 |
| Depreciation | 557,000 | 715,000 | 781,000 | 771,000 | 1,448,000 | 827,000 | 588,000 | 515,000 | 221,000 | 76,000 | 156,000 | 224,000 | 396,000 | 267,000 | 217,000 |
| Amortisation | 417,000 | 417,000 | 417,000 | 417,000 | 417,000 | ||||||||||
| Tax | -1,800,000 | -232,000 | -627,000 | 78,000 | -1,326,000 | -1,308,000 | -739,000 | -143,000 | -511,000 | -709,000 | -984,000 | -954,000 | -1,033,000 | -1,031,000 | -801,000 |
| Stock | 10,000 | -70,000 | 38,000 | -115,000 | -82,000 | 29,000 | -85,000 | 122,000 | -133,000 | 148,000 | 65,000 | -9,000 | -46,000 | -2,083,000 | 2,281,000 |
| Debtors | 25,513,000 | 15,816,000 | -2,771,000 | -95,000 | -297,000 | 8,951,000 | 3,245,000 | 10,666,000 | 4,535,000 | -11,036,000 | 2,825,000 | 5,339,000 | 5,463,000 | 408,000 | 12,132,000 |
| Creditors | 3,516,000 | -3,657,000 | -3,079,000 | -1,051,000 | 1,935,000 | 1,327,000 | -1,369,000 | 5,060,000 | 3,547,000 | -1,754,000 | 737,000 | 629,000 | -837,000 | 95,000 | 5,766,000 |
| Accruals and Deferred Income | 26,165,000 | 7,268,000 | 1,735,000 | 3,512,000 | -3,451,000 | 3,648,000 | 4,502,000 | 3,080,000 | -2,057,000 | 2,310,000 | 47,000 | 703,000 | 465,000 | -965,000 | 3,327,000 |
| Deferred Taxes & Provisions | -1,280,000 | 1,280,000 | -19,000 | -18,000 | 2,000 | 35,000 | |||||||||
| Cash flow from operations | 12,018,000 | -8,095,000 | 7,019,000 | 6,224,000 | 6,054,000 | 1,675,000 | 4,343,000 | 166,000 | -438,000 | 14,505,000 | 1,121,000 | -1,030,000 | -2,193,000 | 3,217,000 | -3,253,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -549,000 | -346,000 | -244,000 | ||||||||||||
| Change in Investments | -166,000 | 9,000 | 33,000 | -43,000 | -37,000 | -13,381,000 | 13,611,000 | 98,000 | |||||||
| cash flow from investments | 166,000 | -9,000 | -33,000 | 37,000 | 12,832,000 | -346,000 | -244,000 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -4,265,000 | 11,193,000 | -9,307,000 | -5,503,000 | 3,126,000 | -4,422,000 | 9,050,000 | 4,207,000 | 3,891,000 | -266,000 | 266,000 | ||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -54,000 | 54,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | 322,000 | -47,000 | 54,000 | -122,000 | -178,000 | -204,000 | -168,000 | -153,000 | -71,000 | 97,000 | 126,000 | 111,000 | 37,000 | 6,000 | 16,000 |
| cash flow from financing | -3,943,000 | 11,146,000 | -9,307,000 | -5,571,000 | 2,948,000 | -5,144,000 | -168,000 | 8,897,000 | 4,136,000 | 3,988,000 | 126,000 | 111,000 | 42,000 | -260,000 | 8,911,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 416,000 | -659,000 | -2,685,000 | 373,000 | 4,513,000 | 2,486,000 | 3,000,000 | 5,174,000 | -371,000 | 1,121,000 | -1,120,000 | -1,049,000 | -2,399,000 | 2,618,000 | 4,037,000 |
| overdraft | |||||||||||||||
| change in cash | 416,000 | -659,000 | -2,685,000 | 373,000 | 4,513,000 | 2,486,000 | 3,000,000 | 5,174,000 | -371,000 | 1,121,000 | -1,120,000 | -1,049,000 | -2,399,000 | 2,618,000 | 4,037,000 |
wates property services limited Credit Report and Business Information
Wates Property Services Limited Competitor Analysis
Perform a competitor analysis for wates property services limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mega companies, companies in KT22 area or any other competitors across 12 key performance metrics.
wates property services limited Ownership
WATES PROPERTY SERVICES LIMITED group structure
Wates Property Services Limited has 1 subsidiary company.
Ultimate parent company
2 parents
WATES PROPERTY SERVICES LIMITED
01141788
1 subsidiary
wates property services limited directors
Wates Property Services Limited currently has 8 directors. The longest serving directors include Ms Helen Bunch (May 2011) and Mr Paul Rowan (Dec 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Helen Bunch | England | 59 years | May 2011 | - | Director |
| Mr Paul Rowan | 61 years | Dec 2015 | - | Director | |
| Mr David Morgan | 50 years | Jun 2016 | - | Director | |
| Mr Simon Potter | 62 years | Jul 2018 | - | Director | |
| Mr Philip Wainwright | United Kingdom | 60 years | Dec 2018 | - | Director |
| Mr Ben Desanges | United Kingdom | 44 years | May 2023 | - | Director |
| Mr Paul Threader | United Kingdom | 49 years | May 2023 | - | Director |
| Mr Christopher Symeonides | 60 years | Feb 2025 | - | Director |
P&L
December 2023turnover
364.4m
+54%
operating profit
8.7m
+97%
gross margin
19.8%
+1.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
36.6m
+0.11%
total assets
105.8m
+0.38%
cash
15.5m
+0.03%
net assets
Total assets minus all liabilities
wates property services limited company details
company number
01141788
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 1973
age
52
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
wates living space (maintenance) limited (May 2019)
linbrook services limited (October 2013)
See moreaccountant
-
auditor
BDO LLP
address
wates house station approach, leatherhead, surrey, KT22 7SW
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
wates property services 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 5 charges/mortgages relating to wates property services limited. Currently there are 0 open charges and 5 have been satisfied in the past.
wates property services 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.
Click to start generating capital raising & share issue transactions for WATES PROPERTY SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
wates property services limited Companies House Filings - See Documents
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