watkins and sole limited
watkins and sole limited Company Information
Company Number
01163741
Next Accounts
3435 days late
Shareholders
mr john edwin watkins
mrs anita mary watkins
Group Structure
View All
Industry
Operation of warehousing and storage facilities for land transport activities of division 49
Registered Address
unit 8 the aquarium, 1-7 king street, reading, RG1 2AN
Website
-watkins and sole limited Estimated Valuation
Pomanda estimates the enterprise value of WATKINS AND SOLE LIMITED at £1.7m based on a Turnover of £4.1m and 0.43x industry multiple (adjusted for size and gross margin).
watkins and sole limited Estimated Valuation
Pomanda estimates the enterprise value of WATKINS AND SOLE LIMITED at £0 based on an EBITDA of £-57k and a 3.04x industry multiple (adjusted for size and gross margin).
watkins and sole limited Estimated Valuation
Pomanda estimates the enterprise value of WATKINS AND SOLE LIMITED at £0 based on Net Assets of £-107.2k and 2.09x industry multiple (adjusted for liquidity).
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Watkins And Sole Limited Overview
Watkins And Sole Limited is a live company located in reading, RG1 2AN with a Companies House number of 01163741. It operates in the operation of warehousing and storage facilities for land transport activities sector, SIC Code 52103. Founded in March 1974, it's largest shareholder is mr john edwin watkins with a 75% stake. Watkins And Sole Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with declining growth in recent years.
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Watkins And Sole Limited Health Check
Pomanda's financial health check has awarded Watkins And Sole Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £4.1m, make it smaller than the average company (£6.2m)
£4.1m - Watkins And Sole Limited
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.7%)
-3% - Watkins And Sole Limited
2.7% - Industry AVG
Production
with a gross margin of 17.6%, this company has a higher cost of product (31.7%)
17.6% - Watkins And Sole Limited
31.7% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (4.3%)
-1.7% - Watkins And Sole Limited
4.3% - Industry AVG
Employees
with 37 employees, this is below the industry average (75)
- Watkins And Sole Limited
75 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
- Watkins And Sole Limited
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £109.7k, this is equally as efficient (£112.7k)
- Watkins And Sole Limited
£112.7k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (55 days)
2 days - Watkins And Sole Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (40 days)
18 days - Watkins And Sole Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is more than average (4 days)
9 days - Watkins And Sole Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (7 weeks)
1 weeks - Watkins And Sole Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.6%, this is a higher level of debt than the average (60.8%)
115.6% - Watkins And Sole Limited
60.8% - Industry AVG
WATKINS AND SOLE LIMITED financials
Watkins And Sole Limited's latest turnover from January 2014 is £4.1 million and the company has net assets of -£107.2 thousand. According to their latest financial statements, we estimate that Watkins And Sole Limited has 37 employees and maintains cash reserves of £17.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|
| Turnover | 4,059,795 | 4,420,500 | 4,636,700 | 4,503,500 | 4,141,100 |
| Other Income Or Grants | |||||
| Cost Of Sales | 3,345,994 | 3,289,724 | 3,411,668 | 3,353,812 | 3,064,600 |
| Gross Profit | 713,801 | 1,130,776 | 1,225,032 | 1,149,688 | 1,076,500 |
| Admin Expenses | 782,472 | 1,108,029 | 1,091,064 | 993,937 | 1,007,201 |
| Operating Profit | -68,671 | 22,747 | 133,968 | 155,751 | 69,299 |
| Interest Payable | 2,036 | 4,846 | 2,725 | 5,063 | 10,258 |
| Interest Receivable | 409 | ||||
| Pre-Tax Profit | -70,707 | 17,901 | 131,243 | 150,688 | 59,450 |
| Tax | -3,012 | -7,480 | -5,327 | -53,961 | -6,273 |
| Profit After Tax | -73,719 | 10,421 | 125,916 | 96,727 | 53,177 |
| Dividends Paid | |||||
| Retained Profit | -73,719 | 10,421 | 125,916 | 96,727 | 53,177 |
| Employee Costs | |||||
| Number Of Employees | |||||
| EBITDA* | -57,028 | 43,088 | 153,704 | 179,889 | 103,659 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|
| Tangible Assets | 54,862 | 88,105 | 108,446 | 65,234 | 23,664 |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 54,862 | 88,105 | 108,446 | 65,234 | 23,664 |
| Stock & work in progress | 84,660 | 168,508 | 54,189 | 56,364 | 60,167 |
| Trade Debtors | 22,776 | 1,660 | 1,660 | 1,660 | 1,660 |
| Group Debtors | 427,864 | 431,886 | |||
| Misc Debtors | 79,595 | 104,537 | 633,722 | 718,504 | 526,525 |
| Cash | 17,792 | 25,786 | 25,481 | 30,462 | 22,485 |
| misc current assets | |||||
| total current assets | 632,687 | 732,377 | 715,052 | 806,990 | 610,837 |
| total assets | 687,549 | 820,482 | 823,498 | 872,224 | 634,501 |
| Bank overdraft | 223,641 | 165,928 | 299,081 | 257,708 | 259,000 |
| Bank loan | |||||
| Trade Creditors | 165,323 | 185,491 | 41,584 | 73,742 | 111,891 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | 651 | 18,143 | 26,442 | 21,797 | 302 |
| other current liabilities | 395,149 | 470,543 | 355,898 | 656,271 | 529,824 |
| total current liabilities | 784,764 | 840,105 | 723,005 | 1,009,518 | 901,017 |
| loans | |||||
| hp & lease commitments | 18,868 | 26,880 | |||
| Accruals and Deferred Income | |||||
| other liabilities | 108,882 | ||||
| provisions | 9,956 | 13,829 | 16,616 | 5,615 | |
| total long term liabilities | 9,956 | 13,829 | 144,366 | 32,495 | |
| total liabilities | 794,720 | 853,934 | 867,371 | 1,042,013 | 901,017 |
| net assets | -107,171 | -33,452 | -43,873 | -169,789 | -266,516 |
| total shareholders funds | -107,171 | -33,452 | -43,873 | -169,789 | -266,516 |
| Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -68,671 | 22,747 | 133,968 | 155,751 | 69,299 |
| Depreciation | 11,643 | 20,341 | 19,736 | 24,138 | 34,360 |
| Amortisation | |||||
| Tax | -3,012 | -7,480 | -5,327 | -53,961 | -6,273 |
| Stock | -83,848 | 114,319 | -2,175 | -3,803 | 60,167 |
| Debtors | -7,848 | -97,299 | -84,782 | 191,979 | 528,185 |
| Creditors | -20,168 | 143,907 | -32,158 | -38,149 | 111,891 |
| Accruals and Deferred Income | -75,394 | 114,645 | -300,373 | 126,447 | 529,824 |
| Deferred Taxes & Provisions | -3,873 | -2,787 | 11,001 | 5,615 | |
| Cash flow from operations | -67,779 | 274,353 | -86,196 | 31,665 | 150,749 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | -17,492 | -27,167 | -3,367 | 48,375 | 302 |
| other long term liabilities | -108,882 | 108,882 | |||
| share issue | |||||
| interest | -2,036 | -4,846 | -2,725 | -5,063 | -9,849 |
| cash flow from financing | -19,528 | -140,895 | 102,790 | 43,312 | -329,240 |
| cash and cash equivalents | |||||
| cash | -7,994 | 305 | -4,981 | 7,977 | 22,485 |
| overdraft | 57,713 | -133,153 | 41,373 | -1,292 | 259,000 |
| change in cash | -65,707 | 133,458 | -46,354 | 9,269 | -236,515 |
watkins and sole limited Credit Report and Business Information
Watkins And Sole Limited Competitor Analysis
Perform a competitor analysis for watkins and sole limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.
watkins and sole limited Ownership
WATKINS AND SOLE LIMITED group structure
Watkins And Sole Limited has no subsidiary companies.
Ultimate parent company
WATKINS AND SOLE LIMITED
01163741
watkins and sole limited directors
Watkins And Sole Limited currently has 5 directors. The longest serving directors include Mrs Anita Watkins (Dec 1991) and Mr John Watkins (Dec 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Anita Watkins | 76 years | Dec 1991 | - | Director | |
| Mr John Watkins | 78 years | Dec 1991 | - | Director | |
| Mr Anthony Watkins | England | 51 years | Jan 2002 | - | Director |
| Mr Michael Higgins | England | 65 years | Jan 2002 | - | Director |
| Ms Julie Watkins | England | 57 years | Jan 2002 | - | Director |
P&L
January 2014turnover
4.1m
-8%
operating profit
-68.7k
-402%
gross margin
17.6%
-31.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2014net assets
-107.2k
+2.2%
total assets
687.5k
-0.16%
cash
17.8k
-0.31%
net assets
Total assets minus all liabilities
watkins and sole limited company details
company number
01163741
Type
Private limited with Share Capital
industry
52103 - Operation of warehousing and storage facilities for land transport activities of division 49
incorporation date
March 1974
age
51
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2014
previous names
freeman & sole motors limited (December 1979)
accountant
-
auditor
-
address
unit 8 the aquarium, 1-7 king street, reading, RG1 2AN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
watkins and sole 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 watkins and sole limited. Currently there are 1 open charges and 4 have been satisfied in the past.
watkins and sole 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 WATKINS AND SOLE LIMITED. This can take several minutes, an email will notify you when this has completed.
watkins and sole limited Companies House Filings - See Documents
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