watts truck & van limited
watts truck & van limited Company Information
Company Number
02041427
Next Accounts
Sep 2025
Industry
Sale of other motor vehicles
Shareholders
wt & v ltd
Group Structure
View All
Contact
Registered Address
althorpe house high street, lydney, gloucestershire, GL15 5DD
Website
http://www.wattstvc.co.ukwatts truck & van limited Estimated Valuation
Pomanda estimates the enterprise value of WATTS TRUCK & VAN LIMITED at £31.3m based on a Turnover of £45.5m and 0.69x industry multiple (adjusted for size and gross margin).
watts truck & van limited Estimated Valuation
Pomanda estimates the enterprise value of WATTS TRUCK & VAN LIMITED at £33.4m based on an EBITDA of £4.2m and a 8.01x industry multiple (adjusted for size and gross margin).
watts truck & van limited Estimated Valuation
Pomanda estimates the enterprise value of WATTS TRUCK & VAN LIMITED at £28.8m based on Net Assets of £9.3m and 3.09x industry multiple (adjusted for liquidity).
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Watts Truck & Van Limited Overview
Watts Truck & Van Limited is a live company located in gloucestershire, GL15 5DD with a Companies House number of 02041427. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in July 1986, it's largest shareholder is wt & v ltd with a 100% stake. Watts Truck & Van Limited is a mature, large sized company, Pomanda has estimated its turnover at £45.5m with high growth in recent years.
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Watts Truck & Van Limited Health Check
Pomanda's financial health check has awarded Watts Truck & Van Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £45.5m, make it larger than the average company (£33.1m)
£45.5m - Watts Truck & Van Limited
£33.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (10.5%)
21% - Watts Truck & Van Limited
10.5% - Industry AVG
Production
with a gross margin of 14.5%, this company has a comparable cost of product (14.1%)
14.5% - Watts Truck & Van Limited
14.1% - Industry AVG
Profitability
an operating margin of 7.3% make it more profitable than the average company (3.8%)
7.3% - Watts Truck & Van Limited
3.8% - Industry AVG
Employees
with 107 employees, this is above the industry average (65)
107 - Watts Truck & Van Limited
65 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£42.5k)
£40.6k - Watts Truck & Van Limited
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £424.8k, this is less efficient (£548.2k)
£424.8k - Watts Truck & Van Limited
£548.2k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is near the average (17 days)
20 days - Watts Truck & Van Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (44 days)
21 days - Watts Truck & Van Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 106 days, this is more than average (84 days)
106 days - Watts Truck & Van Limited
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (8 weeks)
23 weeks - Watts Truck & Van Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.9%, this is a lower level of debt than the average (69.5%)
54.9% - Watts Truck & Van Limited
69.5% - Industry AVG
WATTS TRUCK & VAN LIMITED financials
Watts Truck & Van Limited's latest turnover from December 2023 is £45.5 million and the company has net assets of £9.3 million. According to their latest financial statements, Watts Truck & Van Limited has 107 employees and maintains cash reserves of £3.5 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 45,458,000 | 42,731,000 | 35,513,000 | 25,857,000 | 34,187,000 | 31,710,000 | 25,647,000 | 28,126,000 | 19,858,000 | 20,879,000 | 18,218,000 | 15,141,000 | 17,640,000 | 15,366,000 | 17,101,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 38,888,000 | 37,314,000 | 30,632,000 | 22,102,000 | 30,209,000 | 28,356,000 | 22,883,000 | 24,749,000 | 15,757,000 | 16,728,000 | 14,724,000 | 12,312,000 | 14,834,000 | 12,584,000 | 14,155,000 |
| Gross Profit | 6,570,000 | 5,417,000 | 4,881,000 | 3,755,000 | 3,978,000 | 3,354,000 | 2,764,000 | 3,377,000 | 4,101,000 | 4,151,000 | 3,494,000 | 2,829,000 | 2,806,000 | 2,782,000 | 2,946,000 |
| Admin Expenses | 3,243,000 | 3,044,000 | 2,793,000 | 2,704,000 | 2,264,000 | 3,061,000 | 4,046,000 | 4,061,000 | 3,879,000 | 2,566,000 | 2,973,000 | 2,728,000 | 2,786,000 | ||
| Operating Profit | 3,327,000 | 2,373,000 | 2,088,000 | 1,051,000 | 500,000 | 316,000 | 55,000 | 90,000 | -385,000 | 263,000 | -167,000 | 54,000 | 160,000 | ||
| Interest Payable | 143,000 | 100,000 | 72,000 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 6,000 | 15,000 | 18,000 | 18,000 |
| Interest Receivable | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 0 | 0 | 0 | 0 | 1,000 |
| Pre-Tax Profit | 3,224,000 | 2,273,000 | 2,016,000 | 1,051,000 | 618,000 | 575,000 | 250,000 | 316,000 | 55,000 | 78,000 | -385,000 | 257,000 | -182,000 | 36,000 | 143,000 |
| Tax | -980,000 | -481,000 | -423,000 | -146,000 | 111,000 | -92,000 | -63,000 | 0 | 0 | 0 | 0 | 2,000 | -1,000 | -2,000 | 0 |
| Profit After Tax | 2,244,000 | 1,792,000 | 1,593,000 | 905,000 | 729,000 | 483,000 | 187,000 | 316,000 | 55,000 | 78,000 | -385,000 | 259,000 | -183,000 | 34,000 | 143,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,244,000 | 1,792,000 | 1,593,000 | 905,000 | 729,000 | 483,000 | 187,000 | 316,000 | 55,000 | 78,000 | -385,000 | 259,000 | -183,000 | 34,000 | 143,000 |
| Employee Costs | 4,344,000 | 3,729,000 | 3,421,000 | 3,596,000 | 3,677,000 | 3,226,000 | 2,996,000 | 2,797,000 | 2,778,000 | 2,795,000 | 3,080,000 | 2,102,000 | 2,188,000 | 2,067,000 | 2,305,000 |
| Number Of Employees | 107 | 95 | 95 | 97 | 110 | 120 | 102 | 100 | 108 | 102 | 110 | 72 | 86 | 90 | 92 |
| EBITDA* | 4,166,000 | 2,998,000 | 2,865,000 | 1,892,000 | 706,000 | 517,000 | 425,000 | 342,000 | -149,000 | 384,000 | -82,000 | 135,000 | 274,000 |
* 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,500,000 | 2,339,000 | 1,931,000 | 2,057,000 | 2,664,000 | 2,434,000 | 677,000 | 683,000 | 389,000 | 864,000 | 548,000 | 531,000 | 283,000 | 124,000 | 133,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,500,000 | 2,339,000 | 1,931,000 | 2,057,000 | 2,664,000 | 2,434,000 | 677,000 | 683,000 | 389,000 | 864,000 | 548,000 | 531,000 | 283,000 | 124,000 | 133,000 |
| Stock & work in progress | 11,387,000 | 10,236,000 | 5,042,000 | 5,545,000 | 5,419,000 | 4,661,000 | 4,726,000 | 3,224,000 | 3,986,000 | 4,073,000 | 4,814,000 | 3,232,000 | 1,988,000 | 5,814,000 | 1,093,000 |
| Trade Debtors | 2,602,000 | 1,398,000 | 2,444,000 | 1,850,000 | 1,136,000 | 2,014,000 | 2,407,000 | 2,714,000 | 2,360,000 | 2,017,000 | 1,969,000 | 1,846,000 | 1,486,000 | 1,552,000 | 1,492,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,000 | 0 |
| Misc Debtors | 682,000 | 752,000 | 576,000 | 381,000 | 481,000 | 221,000 | 149,000 | 167,000 | 134,000 | 165,000 | 198,000 | 113,000 | 51,000 | 408,000 | 26,000 |
| Cash | 3,501,000 | 1,000 | 1,909,000 | 157,000 | 1,000 | 588,000 | 127,000 | 1,000 | 1,000 | 1,000 | 1,000 | 3,000 | 1,000 | 238,000 | 1,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,172,000 | 12,387,000 | 9,971,000 | 7,933,000 | 7,037,000 | 7,484,000 | 7,409,000 | 6,106,000 | 6,481,000 | 6,256,000 | 6,982,000 | 5,194,000 | 3,526,000 | 8,029,000 | 2,612,000 |
| total assets | 20,672,000 | 14,726,000 | 11,902,000 | 9,990,000 | 9,701,000 | 9,918,000 | 8,086,000 | 6,789,000 | 6,870,000 | 7,120,000 | 7,530,000 | 5,725,000 | 3,809,000 | 8,153,000 | 2,745,000 |
| Bank overdraft | 260,000 | 728,000 | 0 | 0 | 492,000 | 0 | 0 | 495,000 | 497,000 | 269,000 | 524,000 | 838,000 | 1,319,000 | 550,000 | 540,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,323,000 | 2,711,000 | 2,059,000 | 1,946,000 | 1,599,000 | 4,766,000 | 5,042,000 | 3,220,000 | 3,663,000 | 3,550,000 | 3,596,000 | 1,596,000 | 1,661,000 | 6,663,000 | 1,148,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 1,359,000 | 630,000 | 895,000 | 1,338,000 | 2,016,000 | 2,001,000 | 1,781,000 | 167,000 | 49,000 | 0 |
| other short term finances | 3,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 268,000 | 260,000 | 260,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 |
| other current liabilities | 1,657,000 | 833,000 | 1,275,000 | 1,071,000 | 995,000 | 647,000 | 826,000 | 778,000 | 287,000 | 255,000 | 457,000 | 673,000 | 84,000 | 130,000 | 318,000 |
| total current liabilities | 7,740,000 | 4,272,000 | 3,334,000 | 3,285,000 | 3,346,000 | 7,032,000 | 6,498,000 | 5,388,000 | 5,785,000 | 6,090,000 | 6,578,000 | 4,888,000 | 3,231,000 | 7,392,000 | 2,018,000 |
| loans | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 555,000 | 815,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 598,000 | 364,000 | 270,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,598,000 | 3,364,000 | 3,270,000 | 3,000,000 | 3,555,000 | 815,000 | 0 | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 |
| total liabilities | 11,338,000 | 7,636,000 | 6,604,000 | 6,285,000 | 6,901,000 | 7,847,000 | 6,498,000 | 5,388,000 | 5,785,000 | 6,090,000 | 7,078,000 | 4,888,000 | 3,231,000 | 7,392,000 | 2,018,000 |
| net assets | 9,334,000 | 7,090,000 | 5,298,000 | 3,705,000 | 2,800,000 | 2,071,000 | 1,588,000 | 1,401,000 | 1,085,000 | 1,030,000 | 452,000 | 837,000 | 578,000 | 761,000 | 727,000 |
| total shareholders funds | 9,334,000 | 7,090,000 | 5,298,000 | 3,705,000 | 2,800,000 | 2,071,000 | 1,588,000 | 1,401,000 | 1,085,000 | 1,030,000 | 452,000 | 837,000 | 578,000 | 761,000 | 727,000 |
| 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 3,327,000 | 2,373,000 | 2,088,000 | 1,051,000 | 500,000 | 316,000 | 55,000 | 90,000 | -385,000 | 263,000 | -167,000 | 54,000 | 160,000 | ||
| Depreciation | 839,000 | 625,000 | 777,000 | 841,000 | 842,000 | 502,000 | 206,000 | 201,000 | 370,000 | 252,000 | 236,000 | 121,000 | 85,000 | 81,000 | 114,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -980,000 | -481,000 | -423,000 | -146,000 | 111,000 | -92,000 | -63,000 | 0 | 0 | 0 | 0 | 2,000 | -1,000 | -2,000 | 0 |
| Stock | 1,151,000 | 5,194,000 | -503,000 | 126,000 | 758,000 | -65,000 | 1,502,000 | -762,000 | -87,000 | -741,000 | 1,582,000 | 1,244,000 | -3,826,000 | 4,721,000 | 1,093,000 |
| Debtors | 1,134,000 | -870,000 | 789,000 | 614,000 | -618,000 | -321,000 | -325,000 | 387,000 | 312,000 | 15,000 | 208,000 | 422,000 | -440,000 | 459,000 | 1,518,000 |
| Creditors | -388,000 | 652,000 | 113,000 | 347,000 | -3,167,000 | -276,000 | 1,822,000 | -443,000 | 113,000 | -46,000 | 2,000,000 | -65,000 | -5,002,000 | 5,515,000 | 1,148,000 |
| Accruals and Deferred Income | 824,000 | -442,000 | 204,000 | 76,000 | 348,000 | -179,000 | 48,000 | 491,000 | 32,000 | -202,000 | -216,000 | 589,000 | -46,000 | -188,000 | 318,000 |
| Deferred Taxes & Provisions | 234,000 | 94,000 | 270,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,571,000 | -1,503,000 | 2,743,000 | 1,429,000 | 1,336,000 | 940,000 | 345,000 | 820,000 | -155,000 | -756,000 | -865,000 | 280,000 | -871,000 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -1,359,000 | 729,000 | -265,000 | -443,000 | -678,000 | 15,000 | 220,000 | 1,614,000 | 118,000 | 49,000 | 0 |
| Other Short Term Loans | 3,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 3,000,000 | 0 | 0 | 0 | 0 | -500,000 | 500,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | -268,000 | -547,000 | -260,000 | 1,075,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,000 | 12,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -103,000 | -100,000 | -72,000 | 0 | 0 | 0 | 0 | 0 | 0 | -12,000 | 0 | -6,000 | -15,000 | -18,000 | -17,000 |
| cash flow from financing | 3,397,000 | -100,000 | -340,000 | -547,000 | 1,381,000 | 1,804,000 | -265,000 | -443,000 | -678,000 | 3,000 | 720,000 | 1,608,000 | 103,000 | 19,000 | 579,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,500,000 | -1,908,000 | 1,752,000 | 156,000 | -587,000 | 461,000 | 126,000 | 0 | 0 | 0 | -2,000 | 2,000 | -237,000 | 237,000 | 1,000 |
| overdraft | -468,000 | 728,000 | 0 | -492,000 | 492,000 | 0 | -495,000 | -2,000 | 228,000 | -255,000 | -314,000 | -481,000 | 769,000 | 10,000 | 540,000 |
| change in cash | 3,968,000 | -2,636,000 | 1,752,000 | 648,000 | -1,079,000 | 461,000 | 621,000 | 2,000 | -228,000 | 255,000 | 312,000 | 483,000 | -1,006,000 | 227,000 | -539,000 |
watts truck & van limited Credit Report and Business Information
Watts Truck & Van Limited Competitor Analysis
Perform a competitor analysis for watts truck & van limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in GL15 area or any other competitors across 12 key performance metrics.
watts truck & van limited Ownership
WATTS TRUCK & VAN LIMITED group structure
Watts Truck & Van Limited has no subsidiary companies.
Ultimate parent company
2 parents
WATTS TRUCK & VAN LIMITED
02041427
watts truck & van limited directors
Watts Truck & Van Limited currently has 2 directors. The longest serving directors include Mr John Thurston (Apr 2008) and Mr Simon Griffin (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Thurston | 84 years | Apr 2008 | - | Director | |
| Mr Simon Griffin | 62 years | May 2015 | - | Director |
P&L
December 2023turnover
45.5m
+6%
operating profit
3.3m
+40%
gross margin
14.5%
+14.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.3m
+0.32%
total assets
20.7m
+0.4%
cash
3.5m
+3500%
net assets
Total assets minus all liabilities
watts truck & van limited company details
company number
02041427
Type
Private limited with Share Capital
industry
45190 - Sale of other motor vehicles
incorporation date
July 1986
age
38
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
December 2023
previous names
watts truck & van (cardiff) limited (October 2012)
cardiff truck centre limited (October 2010)
accountant
-
auditor
GRIFFITHS MARSHALL
address
althorpe house high street, lydney, gloucestershire, GL15 5DD
Bank
-
Legal Advisor
-
watts truck & van 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 8 charges/mortgages relating to watts truck & van limited. Currently there are 0 open charges and 8 have been satisfied in the past.
watts truck & van 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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watts truck & van limited Companies House Filings - See Documents
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