bradford watts limited

bradford watts limited Company Information

Share BRADFORD WATTS LIMITED
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Company Number

01791958

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

 

Shareholders

david pitcher

jay taylor

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Group Structure

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Contact

Registered Address

2 whitehall estate, flex meadow, essex, CM19 5TP

bradford watts limited Estimated Valuation

£9.5m

Pomanda estimates the enterprise value of BRADFORD WATTS LIMITED at £9.5m based on a Turnover of £23m and 0.41x industry multiple (adjusted for size and gross margin).

bradford watts limited Estimated Valuation

£574.4k

Pomanda estimates the enterprise value of BRADFORD WATTS LIMITED at £574.4k based on an EBITDA of £150.1k and a 3.83x industry multiple (adjusted for size and gross margin).

bradford watts limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of BRADFORD WATTS LIMITED at £2.4m based on Net Assets of £1m and 2.27x industry multiple (adjusted for liquidity).

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Bradford Watts Limited Overview

Bradford Watts Limited is a live company located in essex, CM19 5TP with a Companies House number of 01791958. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in February 1984, it's largest shareholder is david pitcher with a 33.3% stake. Bradford Watts Limited is a mature, large sized company, Pomanda has estimated its turnover at £23m with high growth in recent years.

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Bradford Watts Limited Health Check

Pomanda's financial health check has awarded Bradford Watts Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £23m, make it larger than the average company (£7.3m)

£23m - Bradford Watts Limited

£7.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (11%)

26% - Bradford Watts Limited

11% - Industry AVG

production

Production

with a gross margin of 6.9%, this company has a higher cost of product (25.4%)

6.9% - Bradford Watts Limited

25.4% - Industry AVG

profitability

Profitability

an operating margin of 0.6% make it less profitable than the average company (6.5%)

0.6% - Bradford Watts Limited

6.5% - Industry AVG

employees

Employees

with 38 employees, this is above the industry average (31)

38 - Bradford Watts Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.9k, the company has an equivalent pay structure (£49k)

£55.9k - Bradford Watts Limited

£49k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £605.2k, this is more efficient (£194.6k)

£605.2k - Bradford Watts Limited

£194.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 68 days, this is later than average (54 days)

68 days - Bradford Watts Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 51 days, this is slower than average (36 days)

51 days - Bradford Watts Limited

36 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Bradford Watts Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (21 weeks)

5 weeks - Bradford Watts Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 88%, this is a higher level of debt than the average (60.1%)

88% - Bradford Watts Limited

60.1% - Industry AVG

BRADFORD WATTS LIMITED financials

EXPORTms excel logo

Bradford Watts Limited's latest turnover from March 2024 is £23 million and the company has net assets of £1 million. According to their latest financial statements, Bradford Watts Limited has 38 employees and maintains cash reserves of £769.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover22,996,74317,396,9809,391,98311,513,04418,521,43819,637,28113,147,89013,147,00216,340,9349,359,7178,889,7829,701,2767,231,9997,209,5225,718,736
Other Income Or Grants000000000000000
Cost Of Sales21,419,82416,013,9327,089,93510,958,91316,478,91014,679,60311,581,38411,707,02312,132,2977,054,7076,614,1487,140,4735,246,8175,091,0194,048,529
Gross Profit1,576,9191,383,0482,302,048554,1312,042,5284,957,6781,566,5061,439,9794,208,6372,305,0102,275,6342,560,8031,985,1822,118,5031,670,207
Admin Expenses1,430,8691,296,2391,807,584377,3681,956,1044,654,6491,483,6091,363,7874,129,2202,259,9732,259,6042,514,7241,939,3482,066,4061,580,556
Operating Profit146,05086,809494,464176,76386,424303,02982,89776,19279,41745,03716,03046,07945,83452,09789,651
Interest Payable13,6411,67701,8641,79902,9503,54607,6765,0603,8304,0363,74255,671
Interest Receivable26,7287,1246,1213485,79010,8641,1421,0443,9721,8796,5912,4032,9665141,869
Pre-Tax Profit159,13792,256500,585175,24790,415313,89381,08973,69083,38939,23917,56144,65244,76448,86935,849
Tax-41,695-36,472-95,11121,256-34,265-59,640-20,095-52,997-16,678-8,240-113395-7,706-13,174-11,561
Profit After Tax117,44255,784405,474196,50356,150254,25360,99420,69366,71130,99917,44845,04737,05835,69524,288
Dividends Paid3,0054,010010,01010,01000000000029,855
Retained Profit114,43751,774405,474186,49346,140254,25360,99420,69366,71130,99917,44845,04737,05835,695-5,567
Employee Costs2,123,2671,913,2601,637,9282,090,6132,731,7451,975,6211,798,9841,762,1583,725,8502,078,6931,237,3301,517,7151,601,9271,613,5691,707,595
Number Of Employees383838465847444496553543495455
EBITDA*150,14691,864497,974180,12589,668305,88287,06287,21390,44956,74022,59351,56446,29959,79999,251

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets473,57420,22314,03913,44612,97711,41116,661403,881410,228271,629263,670635,5051,064,7341,265,3111,108,311
Intangible Assets000000000000000
Investments & Other450,000450,000690,002630,000577,505577,505385,00200000000
Debtors (Due After 1 year)000296,773294,9010000000000
Total Fixed Assets923,574470,223704,041940,219885,383588,916401,663403,881410,228271,629263,670635,5051,064,7341,265,3111,108,311
Stock & work in progress000000000000000
Trade Debtors4,301,7192,802,6921,536,1743,106,2533,678,8322,926,3023,159,9942,427,1622,031,1101,267,0011,224,5191,614,8871,494,3061,368,9201,268,704
Group Debtors00304,951000000000000
Misc Debtors2,696,4931,558,5481,459,432174,343130,7720097,9470044,38444,294227,45382,15077,863
Cash769,5411,203,868952,282680,0621,287,5671,677,9381,219,097577,7311,032,524556,270195,1531,222,918471,488373,287392,102
misc current assets000000000000000
total current assets7,767,7535,565,1084,252,8393,960,6585,097,1714,604,2404,379,0913,102,8403,063,6341,823,2711,464,0562,882,0992,193,2471,824,3571,738,669
total assets8,691,3276,035,3314,956,8804,900,8775,982,5545,193,1564,780,7543,506,7213,473,8622,094,9001,727,7263,517,6043,257,9813,089,6682,846,980
Bank overdraft0000120,3460000000000
Bank loan20,28000000000000000
Trade Creditors 3,027,9791,883,1071,674,5622,601,1393,593,0754,531,9844,373,0201,885,1493,058,7961,774,3401,182,2171,660,2231,372,8291,256,2961,123,313
Group/Directors Accounts0113,3150000000000000
other short term finances0000000112,28500236,19219,45719,45719,45719,457
hp & lease commitments000000000000000
other current liabilities4,263,2573,149,4861,964,5231,397,4961,562,200001,162,22300260,994586,646605,826487,607580,639
total current liabilities7,311,5165,145,9083,639,0853,998,6355,275,6214,531,9844,373,0203,159,6573,058,7961,774,3401,679,4032,266,3261,998,1121,763,3601,723,409
loans271,3090000000000216,324212,840209,407206,026
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000000121,533238,86000000
provisions64,71160,06950,21540,13631,32031,69932,51432,83802,37801,5561,9510411
total long term liabilities336,02060,06950,21540,13631,32031,69932,51432,838121,533241,2380217,880214,791209,407206,437
total liabilities7,647,5365,205,9773,689,3004,038,7715,306,9414,563,6834,405,5343,192,4953,180,3292,015,5781,679,4032,484,2062,212,9031,972,7671,929,846
net assets1,043,791829,3541,267,580862,106675,613629,473375,220314,226293,53379,32248,3231,033,3981,045,0781,116,901917,134
total shareholders funds1,043,791829,3541,267,580862,106675,613629,473375,220314,226293,53379,32248,3231,033,3981,045,0781,116,901917,134
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit146,05086,809494,464176,76386,424303,02982,89776,19279,41745,03716,03046,07945,83452,09789,651
Depreciation4,0965,0553,5103,3623,2442,8534,16511,02111,03211,7036,5635,4854657,7029,600
Amortisation000000000000000
Tax-41,695-36,472-95,11121,256-34,265-59,640-20,095-52,997-16,678-8,240-113395-7,706-13,174-11,561
Stock000000000000000
Debtors2,636,9721,060,683-276,812-527,1361,178,203-233,692634,885493,999764,109-1,902-390,278-62,578270,689104,5031,346,567
Creditors1,144,872208,545-926,577-991,936-938,909158,9642,487,871-1,173,6471,284,456592,123-478,006287,394116,533132,9831,123,313
Accruals and Deferred Income1,113,7711,184,963567,027-164,7041,562,2000-1,162,2231,162,2230-260,994-325,652-19,180118,219-93,032580,639
Deferred Taxes & Provisions4,6429,85410,0798,816-379-815-32432,838-2,3782,378-1,556-3951,951-411411
Cash flow from operations-265,236398,071330,204-419,307-499,888638,083757,406-438,369591,740383,909-392,456382,3564,607-18,338445,486
Investing Activities
capital expenditure00-4,103002,397383,055-4,674-149,631-19,662363,307416,765202,298-3,206-239,223
Change in Investments0-240,00260,00252,4950192,503385,00200000000
cash flow from investments0240,002-64,105-52,4950-190,106-1,947-4,674-149,631-19,662363,307416,765202,298-3,206-239,223
Financing Activities
Bank loans20,28000000000000000
Group/Directors Accounts-113,315113,3150000000000000
Other Short Term Loans 000000-112,285112,2850-236,192216,73500019,457
Long term loans271,309000000000-216,3243,4843,4333,381206,026
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000-121,533-117,327238,86000000
share issue100,000-490,000000000147,5000-1,002,523-56,727-108,881164,072922,701
interest13,0875,4476,121-1,5163,99110,864-1,808-2,5023,972-5,7971,531-1,427-1,070-3,228-53,802
cash flow from financing291,361-371,2386,121-1,5163,99110,864-114,093-11,75034,145-3,129-1,000,581-54,670-106,518164,2251,094,382
cash and cash equivalents
cash-434,327251,586272,220-607,505-390,371458,841641,366-454,793476,254361,117-1,027,765751,43098,201-18,815392,102
overdraft000-120,346120,3460000000000
change in cash-434,327251,586272,220-487,159-510,717458,841641,366-454,793476,254361,117-1,027,765751,43098,201-18,815392,102

bradford watts limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Bradford Watts Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for bradford watts limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in CM19 area or any other competitors across 12 key performance metrics.

bradford watts limited Ownership

BRADFORD WATTS LIMITED group structure

Bradford Watts Limited has no subsidiary companies.

Ultimate parent company

BRADFORD WATTS LIMITED

01791958

BRADFORD WATTS LIMITED Shareholders

david pitcher 33.28%
jay taylor 33.28%
andrew lysandrou 33.28%
john malcolm bradford 0.17%

bradford watts limited directors

Bradford Watts Limited currently has 3 directors. The longest serving directors include Mr Jay Taylor (Jun 2012) and Mr Andrew Lysandrou (Nov 2013).

officercountryagestartendrole
Mr Jay Taylor47 years Jun 2012- Director
Mr Andrew LysandrouEngland54 years Nov 2013- Director
Mr David PitcherEngland40 years Jul 2017- Director

P&L

March 2024

turnover

23m

+32%

operating profit

146.1k

+68%

gross margin

6.9%

-13.75%

turnover

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

Balance Sheet

March 2024

net assets

1m

+0.26%

total assets

8.7m

+0.44%

cash

769.5k

-0.36%

net assets

Total assets minus all liabilities

bradford watts limited company details

company number

01791958

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

February 1984

age

41

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

March 2024

previous names

tringreen limited (April 1984)

accountant

-

auditor

BRACEY'S ACCOUNTANTS (AUDIT) LTD

address

2 whitehall estate, flex meadow, essex, CM19 5TP

Bank

-

Legal Advisor

-

bradford watts 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 10 charges/mortgages relating to bradford watts limited. Currently there are 2 open charges and 8 have been satisfied in the past.

bradford watts 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.

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bradford watts limited Companies House Filings - See Documents

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