bradford watts limited Company Information
Company Number
01791958
Next Accounts
Dec 2025
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Shareholders
david pitcher
jay taylor
View AllGroup Structure
View All
Contact
Registered Address
2 whitehall estate, flex meadow, essex, CM19 5TP
Website
www.bradfordwatts.co.ukbradford watts limited Estimated Valuation
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
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
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
5 Strong
1 Regular
5 Weak
Size
annual sales of £23m, make it larger than the average company (£7.3m)
£23m - Bradford Watts Limited
£7.3m - Industry AVG
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
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
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
with 38 employees, this is above the industry average (31)
38 - Bradford Watts Limited
31 - Industry AVG
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
resulting in sales per employee of £605.2k, this is more efficient (£194.6k)
£605.2k - Bradford Watts Limited
£194.6k - Industry AVG
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
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bradford Watts Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 22,996,743 | 17,396,980 | 11,513,044 | 18,521,438 | 13,147,890 | 13,147,002 | 8,889,782 | 9,701,276 | 7,231,999 | 7,209,522 | 5,718,736 | ||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Cost Of Sales | 21,419,824 | 16,013,932 | 10,958,913 | 16,478,910 | 11,581,384 | 11,707,023 | |||||||||
Gross Profit | 1,576,919 | 1,383,048 | 554,131 | 2,042,528 | 1,566,506 | 1,439,979 | |||||||||
Admin Expenses | 1,430,869 | 1,296,239 | 377,368 | 1,956,104 | 1,483,609 | 1,363,787 | |||||||||
Operating Profit | 146,050 | 86,809 | 176,763 | 86,424 | 82,897 | 76,192 | 16,030 | 46,079 | 45,834 | 52,097 | 89,651 | ||||
Interest Payable | 13,641 | 1,677 | 1,864 | 1,799 | 2,950 | 3,546 | 5,060 | 3,830 | 4,036 | 3,742 | 55,671 | ||||
Interest Receivable | 26,728 | 7,124 | 348 | 5,790 | 1,142 | 1,044 | 6,591 | 2,403 | 2,966 | 514 | 1,869 | ||||
Pre-Tax Profit | 159,137 | 92,256 | 175,247 | 90,415 | 81,089 | 73,690 | 17,561 | 44,652 | 44,764 | 48,869 | 35,849 | ||||
Tax | -41,695 | -36,472 | 21,256 | -34,265 | -20,095 | -52,997 | -113 | 395 | -7,706 | -13,174 | -11,561 | ||||
Profit After Tax | 117,442 | 55,784 | 196,503 | 56,150 | 60,994 | 20,693 | 17,448 | 45,047 | 37,058 | 35,695 | 24,288 | ||||
Dividends Paid | 3,005 | 4,010 | 10,010 | 10,010 | 0 | 0 | 0 | 0 | 0 | 0 | 29,855 | ||||
Retained Profit | 114,437 | 51,774 | 186,493 | 46,140 | 60,994 | 20,693 | 17,448 | 45,047 | 37,058 | 35,695 | -5,567 | ||||
Employee Costs | 2,123,267 | 1,913,260 | 2,090,613 | 2,731,745 | 1,237,330 | 1,517,715 | 1,601,927 | 1,613,569 | 1,707,595 | ||||||
Number Of Employees | 38 | 38 | 38 | 46 | 58 | 47 | 44 | 44 | 35 | 43 | 49 | 54 | 55 | ||
EBITDA* | 150,146 | 91,864 | 180,125 | 89,668 | 87,062 | 87,213 | 22,593 | 51,564 | 46,299 | 59,799 | 99,251 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 473,574 | 20,223 | 14,039 | 13,446 | 12,977 | 11,411 | 16,661 | 403,881 | 410,228 | 271,629 | 263,670 | 635,505 | 1,064,734 | 1,265,311 | 1,108,311 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 450,000 | 450,000 | 690,002 | 630,000 | 577,505 | 577,505 | 385,002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 296,773 | 294,901 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 923,574 | 470,223 | 704,041 | 940,219 | 885,383 | 588,916 | 401,663 | 403,881 | 410,228 | 271,629 | 263,670 | 635,505 | 1,064,734 | 1,265,311 | 1,108,311 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 4,301,719 | 2,802,692 | 1,536,174 | 3,106,253 | 3,678,832 | 2,926,302 | 3,159,994 | 2,427,162 | 2,031,110 | 1,267,001 | 1,224,519 | 1,614,887 | 1,494,306 | 1,368,920 | 1,268,704 |
Group Debtors | 0 | 0 | 304,951 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 2,696,493 | 1,558,548 | 1,459,432 | 174,343 | 130,772 | 0 | 0 | 97,947 | 0 | 0 | 44,384 | 44,294 | 227,453 | 82,150 | 77,863 |
Cash | 769,541 | 1,203,868 | 952,282 | 680,062 | 1,287,567 | 1,677,938 | 1,219,097 | 577,731 | 1,032,524 | 556,270 | 195,153 | 1,222,918 | 471,488 | 373,287 | 392,102 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 7,767,753 | 5,565,108 | 4,252,839 | 3,960,658 | 5,097,171 | 4,604,240 | 4,379,091 | 3,102,840 | 3,063,634 | 1,823,271 | 1,464,056 | 2,882,099 | 2,193,247 | 1,824,357 | 1,738,669 |
total assets | 8,691,327 | 6,035,331 | 4,956,880 | 4,900,877 | 5,982,554 | 5,193,156 | 4,780,754 | 3,506,721 | 3,473,862 | 2,094,900 | 1,727,726 | 3,517,604 | 3,257,981 | 3,089,668 | 2,846,980 |
Bank overdraft | 0 | 0 | 0 | 0 | 120,346 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 20,280 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 3,027,979 | 1,883,107 | 1,674,562 | 2,601,139 | 3,593,075 | 4,531,984 | 4,373,020 | 1,885,149 | 3,058,796 | 1,774,340 | 1,182,217 | 1,660,223 | 1,372,829 | 1,256,296 | 1,123,313 |
Group/Directors Accounts | 0 | 113,315 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112,285 | 0 | 0 | 236,192 | 19,457 | 19,457 | 19,457 | 19,457 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 4,263,257 | 3,149,486 | 1,964,523 | 1,397,496 | 1,562,200 | 0 | 0 | 1,162,223 | 0 | 0 | 260,994 | 586,646 | 605,826 | 487,607 | 580,639 |
total current liabilities | 7,311,516 | 5,145,908 | 3,639,085 | 3,998,635 | 5,275,621 | 4,531,984 | 4,373,020 | 3,159,657 | 3,058,796 | 1,774,340 | 1,679,403 | 2,266,326 | 1,998,112 | 1,763,360 | 1,723,409 |
loans | 271,309 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 216,324 | 212,840 | 209,407 | 206,026 |
hp & lease commitments | 0 | 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 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 121,533 | 238,860 | 0 | 0 | 0 | 0 | 0 |
provisions | 64,711 | 60,069 | 50,215 | 40,136 | 31,320 | 31,699 | 32,514 | 32,838 | 0 | 2,378 | 0 | 1,556 | 1,951 | 0 | 411 |
total long term liabilities | 336,020 | 60,069 | 50,215 | 40,136 | 31,320 | 31,699 | 32,514 | 32,838 | 121,533 | 241,238 | 0 | 217,880 | 214,791 | 209,407 | 206,437 |
total liabilities | 7,647,536 | 5,205,977 | 3,689,300 | 4,038,771 | 5,306,941 | 4,563,683 | 4,405,534 | 3,192,495 | 3,180,329 | 2,015,578 | 1,679,403 | 2,484,206 | 2,212,903 | 1,972,767 | 1,929,846 |
net assets | 1,043,791 | 829,354 | 1,267,580 | 862,106 | 675,613 | 629,473 | 375,220 | 314,226 | 293,533 | 79,322 | 48,323 | 1,033,398 | 1,045,078 | 1,116,901 | 917,134 |
total shareholders funds | 1,043,791 | 829,354 | 1,267,580 | 862,106 | 675,613 | 629,473 | 375,220 | 314,226 | 293,533 | 79,322 | 48,323 | 1,033,398 | 1,045,078 | 1,116,901 | 917,134 |
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 146,050 | 86,809 | 176,763 | 86,424 | 82,897 | 76,192 | 16,030 | 46,079 | 45,834 | 52,097 | 89,651 | ||||
Depreciation | 4,096 | 5,055 | 3,510 | 3,362 | 3,244 | 2,853 | 4,165 | 11,021 | 11,032 | 11,703 | 6,563 | 5,485 | 465 | 7,702 | 9,600 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -41,695 | -36,472 | 21,256 | -34,265 | -20,095 | -52,997 | -113 | 395 | -7,706 | -13,174 | -11,561 | ||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 2,636,972 | 1,060,683 | -276,812 | -527,136 | 1,178,203 | -233,692 | 634,885 | 493,999 | 764,109 | -1,902 | -390,278 | -62,578 | 270,689 | 104,503 | 1,346,567 |
Creditors | 1,144,872 | 208,545 | -926,577 | -991,936 | -938,909 | 158,964 | 2,487,871 | -1,173,647 | 1,284,456 | 592,123 | -478,006 | 287,394 | 116,533 | 132,983 | 1,123,313 |
Accruals and Deferred Income | 1,113,771 | 1,184,963 | 567,027 | -164,704 | 1,562,200 | 0 | -1,162,223 | 1,162,223 | 0 | -260,994 | -325,652 | -19,180 | 118,219 | -93,032 | 580,639 |
Deferred Taxes & Provisions | 4,642 | 9,854 | 10,079 | 8,816 | -379 | -815 | -324 | 32,838 | -2,378 | 2,378 | -1,556 | -395 | 1,951 | -411 | 411 |
Cash flow from operations | -265,236 | 398,071 | -419,307 | -499,888 | 757,406 | -438,369 | -392,456 | 382,356 | 4,607 | -18,338 | 445,486 | ||||
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 363,307 | 416,765 | 202,298 | -3,206 | -239,223 | ||||||
Change in Investments | 0 | -240,002 | 60,002 | 52,495 | 0 | 192,503 | 385,002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 240,002 | -52,495 | 0 | 363,307 | 416,765 | 202,298 | -3,206 | -239,223 | ||||||
Financing Activities | |||||||||||||||
Bank loans | 20,280 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -113,315 | 113,315 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -112,285 | 112,285 | 0 | -236,192 | 216,735 | 0 | 0 | 0 | 19,457 |
Long term loans | 271,309 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -216,324 | 3,484 | 3,433 | 3,381 | 206,026 |
Hire Purchase and Lease Commitments | 0 | 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 | -121,533 | -117,327 | 238,860 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 13,087 | 5,447 | -1,516 | 3,991 | -1,808 | -2,502 | 1,531 | -1,427 | -1,070 | -3,228 | -53,802 | ||||
cash flow from financing | 291,361 | -371,238 | -1,516 | 3,991 | -114,093 | -11,750 | -1,000,581 | -54,670 | -106,518 | 164,225 | 1,094,382 | ||||
cash and cash equivalents | |||||||||||||||
cash | -434,327 | 251,586 | 272,220 | -607,505 | -390,371 | 458,841 | 641,366 | -454,793 | 476,254 | 361,117 | -1,027,765 | 751,430 | 98,201 | -18,815 | 392,102 |
overdraft | 0 | 0 | 0 | -120,346 | 120,346 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -434,327 | 251,586 | 272,220 | -487,159 | -510,717 | 458,841 | 641,366 | -454,793 | 476,254 | 361,117 | -1,027,765 | 751,430 | 98,201 | -18,815 | 392,102 |
bradford watts limited Credit Report and Business Information
Bradford Watts Limited Competitor Analysis
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 directors
Bradford Watts Limited currently has 3 directors. The longest serving directors include Mr Jay Taylor (Jun 2012) and Mr Andrew Lysandrou (Nov 2013).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Jay Taylor | 47 years | Jun 2012 | - | Director | |
Mr Andrew Lysandrou | England | 54 years | Nov 2013 | - | Director |
Mr David Pitcher | England | 40 years | Jul 2017 | - | Director |
P&L
March 2024turnover
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 2024net 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
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
date | description | view/download |
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