watkins & sole (transport) limited
watkins & sole (transport) limited Company Information
Company Number
01652641
Next Accounts
3431 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
c/o kre corporate recovery llp, unit 8 the aquarium, 1-7 king street, reading, RG1 2AN
Website
-watkins & sole (transport) limited Estimated Valuation
Pomanda estimates the enterprise value of WATKINS & SOLE (TRANSPORT) LIMITED at £2.5m based on a Turnover of £6.1m and 0.4x industry multiple (adjusted for size and gross margin).
watkins & sole (transport) limited Estimated Valuation
Pomanda estimates the enterprise value of WATKINS & SOLE (TRANSPORT) LIMITED at £488.3k based on an EBITDA of £170.1k and a 2.87x industry multiple (adjusted for size and gross margin).
watkins & sole (transport) limited Estimated Valuation
Pomanda estimates the enterprise value of WATKINS & SOLE (TRANSPORT) LIMITED at £412.2k based on Net Assets of £197.4k and 2.09x industry multiple (adjusted for liquidity).
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Watkins & Sole (transport) Limited Overview
Watkins & Sole (transport) Limited is a live company located in 1-7 king street, RG1 2AN with a Companies House number of 01652641. It operates in the operation of warehousing and storage facilities for land transport activities sector, SIC Code 52103. Founded in July 1982, it's largest shareholder is mr john edwin watkins with a 75% stake. Watkins & Sole (transport) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with declining growth in recent years.
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Watkins & Sole (transport) Limited Health Check
Pomanda's financial health check has awarded Watkins & Sole (Transport) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
4 Regular
7 Weak
Size
annual sales of £6.1m, make it in line with the average company (£6.1m)
£6.1m - Watkins & Sole (transport) Limited
£6.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.7%)
-4% - Watkins & Sole (transport) Limited
2.7% - Industry AVG
Production
with a gross margin of 11.9%, this company has a higher cost of product (31.9%)
11.9% - Watkins & Sole (transport) Limited
31.9% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (4.3%)
0.5% - Watkins & Sole (transport) Limited
4.3% - Industry AVG
Employees
with 55 employees, this is below the industry average (75)
- Watkins & Sole (transport) Limited
75 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
- Watkins & Sole (transport) Limited
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £111.5k, this is equally as efficient (£112.7k)
- Watkins & Sole (transport) Limited
£112.7k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (55 days)
56 days - Watkins & Sole (transport) Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (40 days)
6 days - Watkins & Sole (transport) Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Watkins & Sole (transport) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (7 weeks)
2 weeks - Watkins & Sole (transport) Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.6%, this is a higher level of debt than the average (60.9%)
89.6% - Watkins & Sole (transport) Limited
60.9% - Industry AVG
WATKINS & SOLE (TRANSPORT) LIMITED financials
Watkins & Sole (Transport) Limited's latest turnover from January 2014 is £6.1 million and the company has net assets of £197.4 thousand. According to their latest financial statements, we estimate that Watkins & Sole (Transport) Limited has 55 employees and maintains cash reserves of £57.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|
| Turnover | 6,131,334 | 6,797,933 | 7,128,133 | 6,852,482 | 6,032,562 |
| Other Income Or Grants | |||||
| Cost Of Sales | 5,399,342 | 6,128,616 | 6,391,700 | 6,077,351 | 5,430,982 |
| Gross Profit | 731,992 | 669,317 | 736,433 | 775,131 | 601,580 |
| Admin Expenses | 699,071 | 663,528 | 727,578 | 763,602 | 702,437 |
| Operating Profit | 32,921 | 5,789 | 8,855 | 11,529 | -100,857 |
| Interest Payable | 30,221 | 34,702 | 48,739 | 58,930 | 115,831 |
| Interest Receivable | |||||
| Pre-Tax Profit | 2,700 | -28,913 | -39,884 | -47,401 | -216,688 |
| Tax | 18,829 | 3,568 | 8,314 | 9,954 | 45,504 |
| Profit After Tax | 21,529 | -25,345 | -31,570 | -37,447 | -171,184 |
| Dividends Paid | |||||
| Retained Profit | 21,529 | -25,345 | -31,570 | -37,447 | -171,184 |
| Employee Costs | |||||
| Number Of Employees | |||||
| EBITDA* | 170,128 | 345,770 | 339,037 | 423,715 | 329,709 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|
| Tangible Assets | 779,495 | 712,561 | 792,751 | 854,333 | 1,248,519 |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 779,495 | 712,561 | 792,751 | 854,333 | 1,248,519 |
| Stock & work in progress | |||||
| Trade Debtors | 949,242 | 918,125 | 1,039,179 | 1,011,814 | 869,126 |
| Group Debtors | 4,385 | ||||
| Misc Debtors | 112,432 | 75,821 | 97,308 | 34,889 | 50,398 |
| Cash | 57,116 | 21,053 | 44,738 | 88,443 | 120,836 |
| misc current assets | |||||
| total current assets | 1,118,790 | 1,014,999 | 1,185,610 | 1,135,146 | 1,040,360 |
| total assets | 1,898,285 | 1,727,560 | 1,978,361 | 1,989,479 | 2,288,879 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 100,684 | 89,586 | 157,065 | 62,578 | 90,508 |
| Group/Directors Accounts | 5,615 | 5,615 | 415,341 | ||
| other short term finances | 709,113 | 705,777 | 763,753 | 781,949 | 752,265 |
| hp & lease commitments | 211,224 | 166,117 | 154,233 | 291,962 | 426,823 |
| other current liabilities | 413,835 | 268,367 | 28,868 | 554,007 | 361,709 |
| total current liabilities | 1,440,471 | 1,235,462 | 1,519,260 | 1,690,496 | 1,631,305 |
| loans | |||||
| hp & lease commitments | 260,408 | 316,221 | 257,879 | 57,906 | 349,011 |
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 8,285 | 38,324 | |||
| total long term liabilities | 260,408 | 316,221 | 257,879 | 66,191 | 387,335 |
| total liabilities | 1,700,879 | 1,551,683 | 1,777,139 | 1,756,687 | 2,018,640 |
| net assets | 197,406 | 175,877 | 201,222 | 232,792 | 270,239 |
| total shareholders funds | 197,406 | 175,877 | 201,222 | 232,792 | 270,239 |
| Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 32,921 | 5,789 | 8,855 | 11,529 | -100,857 |
| Depreciation | 137,207 | 339,981 | 330,182 | 412,186 | 430,566 |
| Amortisation | |||||
| Tax | 18,829 | 3,568 | 8,314 | 9,954 | 45,504 |
| Stock | |||||
| Debtors | 67,728 | -146,926 | 94,169 | 127,179 | 919,524 |
| Creditors | 11,098 | -67,479 | 94,487 | -27,930 | 90,508 |
| Accruals and Deferred Income | 145,468 | 239,499 | -525,139 | 192,298 | 361,709 |
| Deferred Taxes & Provisions | -8,285 | -30,039 | 38,324 | ||
| Cash flow from operations | 277,795 | 668,284 | -185,755 | 440,819 | -53,770 |
| Investing Activities | |||||
| capital expenditure | 110,649 | ||||
| Change in Investments | |||||
| cash flow from investments | 110,649 | ||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | -409,726 | 415,341 | |||
| Other Short Term Loans | 3,336 | -57,976 | -18,196 | 29,684 | 752,265 |
| Long term loans | |||||
| Hire Purchase and Lease Commitments | -10,706 | 70,226 | 62,244 | -425,966 | 775,834 |
| other long term liabilities | |||||
| share issue | |||||
| interest | -30,221 | -34,702 | -48,739 | -58,930 | -115,831 |
| cash flow from financing | -37,591 | -432,178 | 410,650 | -455,212 | 1,853,691 |
| cash and cash equivalents | |||||
| cash | 36,063 | -23,685 | -43,705 | -32,393 | 120,836 |
| overdraft | |||||
| change in cash | 36,063 | -23,685 | -43,705 | -32,393 | 120,836 |
watkins & sole (transport) limited Credit Report and Business Information
Watkins & Sole (transport) Limited Competitor Analysis
Perform a competitor analysis for watkins & sole (transport) limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in RG1 area or any other competitors across 12 key performance metrics.
watkins & sole (transport) limited Ownership
WATKINS & SOLE (TRANSPORT) LIMITED group structure
Watkins & Sole (Transport) Limited has no subsidiary companies.
Ultimate parent company
WATKINS & SOLE (TRANSPORT) LIMITED
01652641
watkins & sole (transport) limited directors
Watkins & Sole (Transport) 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 Michael Higgins | England | 65 years | Jan 2002 | - | Director |
| Ms Julie Watkins | England | 57 years | Jan 2002 | - | Director |
| Mr Anthony Watkins | England | 51 years | Jan 2002 | - | Director |
P&L
January 2014turnover
6.1m
-10%
operating profit
32.9k
+469%
gross margin
12%
+21.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2014net assets
197.4k
+0.12%
total assets
1.9m
+0.1%
cash
57.1k
+1.71%
net assets
Total assets minus all liabilities
watkins & sole (transport) limited company details
company number
01652641
Type
Private limited with Share Capital
industry
52103 - Operation of warehousing and storage facilities for land transport activities of division 49
incorporation date
July 1982
age
43
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2014
previous names
N/A
accountant
-
auditor
-
address
c/o kre corporate recovery llp, unit 8 the aquarium, 1-7 king street, reading, RG1 2AN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
watkins & sole (transport) 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 6 charges/mortgages relating to watkins & sole (transport) limited. Currently there are 1 open charges and 5 have been satisfied in the past.
watkins & sole (transport) 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 & SOLE (TRANSPORT) LIMITED. This can take several minutes, an email will notify you when this has completed.
watkins & sole (transport) limited Companies House Filings - See Documents
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