bridgewater contracts (projects) limited
bridgewater contracts (projects) limited Company Information
Company Number
02091828
Website
www.bridgewater-group.co.ukRegistered Address
bridgewater house, parkway, trading estate, barton dock road, stretford, manchester, lancashire, M32 0TL
Industry
Other building completion and finishing
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
01618644330
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
andrew snook 29.7%
michael blenkinsop 29.7%
View Allbridgewater contracts (projects) limited Estimated Valuation
Pomanda estimates the enterprise value of BRIDGEWATER CONTRACTS (PROJECTS) LIMITED at £614.4k based on a Turnover of £2.2m and 0.29x industry multiple (adjusted for size and gross margin).
bridgewater contracts (projects) limited Estimated Valuation
Pomanda estimates the enterprise value of BRIDGEWATER CONTRACTS (PROJECTS) LIMITED at £0 based on an EBITDA of £-193k and a 3.41x industry multiple (adjusted for size and gross margin).
bridgewater contracts (projects) limited Estimated Valuation
Pomanda estimates the enterprise value of BRIDGEWATER CONTRACTS (PROJECTS) LIMITED at £876.8k based on Net Assets of £376.7k and 2.33x industry multiple (adjusted for liquidity).
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Bridgewater Contracts (projects) Limited Overview
Bridgewater Contracts (projects) Limited is a live company located in stretford, manchester, M32 0TL with a Companies House number of 02091828. It operates in the joinery installation sector, SIC Code 43320. Founded in January 1987, it's largest shareholder is andrew snook with a 29.7% stake. Bridgewater Contracts (projects) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.
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Bridgewater Contracts (projects) Limited Health Check
Pomanda's financial health check has awarded Bridgewater Contracts (Projects) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £2.2m, make it in line with the average company (£2.3m)
- Bridgewater Contracts (projects) Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (5.4%)
- Bridgewater Contracts (projects) Limited
5.4% - Industry AVG
Production
with a gross margin of 24%, this company has a comparable cost of product (24%)
- Bridgewater Contracts (projects) Limited
24% - Industry AVG
Profitability
an operating margin of -9.4% make it less profitable than the average company (5.8%)
- Bridgewater Contracts (projects) Limited
5.8% - Industry AVG
Employees
with 25 employees, this is above the industry average (12)
25 - Bridgewater Contracts (projects) Limited
12 - Industry AVG
Pay Structure
on an average salary of £37.8k, the company has an equivalent pay structure (£37.8k)
- Bridgewater Contracts (projects) Limited
£37.8k - Industry AVG
Efficiency
resulting in sales per employee of £86k, this is less efficient (£141.2k)
- Bridgewater Contracts (projects) Limited
£141.2k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (55 days)
- Bridgewater Contracts (projects) Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 120 days, this is slower than average (37 days)
- Bridgewater Contracts (projects) Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is in line with average (16 days)
- Bridgewater Contracts (projects) Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (22 weeks)
45 weeks - Bridgewater Contracts (projects) Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.9%, this is a similar level of debt than the average (69.1%)
68.9% - Bridgewater Contracts (projects) Limited
69.1% - Industry AVG
bridgewater contracts (projects) limited Credit Report and Business Information
Bridgewater Contracts (projects) Limited Competitor Analysis
Perform a competitor analysis for bridgewater contracts (projects) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bridgewater contracts (projects) limited Ownership
BRIDGEWATER CONTRACTS (PROJECTS) LIMITED group structure
Bridgewater Contracts (Projects) Limited has no subsidiary companies.
Ultimate parent company
BRIDGEWATER CONTRACTS (PROJECTS) LIMITED
02091828
bridgewater contracts (projects) limited directors
Bridgewater Contracts (Projects) Limited currently has 4 directors. The longest serving directors include Mr John Culshaw (Sep 1991) and Mr Andrew Snook (Jun 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Culshaw | 77 years | Sep 1991 | - | Director | |
| Mr Andrew Snook | 59 years | Jun 1999 | - | Director | |
| Mr Michael Blenkinsop | England | 60 years | Sep 2001 | - | Director |
| Mr Jonathan Edwards | 55 years | Oct 2011 | - | Director |
BRIDGEWATER CONTRACTS (PROJECTS) LIMITED financials
Bridgewater Contracts (Projects) Limited's latest turnover from December 2022 is estimated at £2.2 million and the company has net assets of £376.7 thousand. According to their latest financial statements, Bridgewater Contracts (Projects) Limited has 25 employees and maintains cash reserves of £723.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 3,147,645 | 9,533,940 | 6,429,880 | 6,868,552 | 6,260,369 | 8,451,410 | 8,226,696 | 7,505,193 | 7,034,531 | 8,043,337 | 8,022,700 | 4,802,580 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 3,470,869 | 9,033,952 | 5,759,509 | 6,665,751 | 6,023,923 | 7,716,965 | 7,707,412 | 6,788,107 | 6,374,001 | 7,343,299 | 7,348,027 | 4,469,676 | ||
| Gross Profit | -323,224 | 499,988 | 670,371 | 202,801 | 236,446 | 734,445 | 519,284 | 717,086 | 660,530 | 700,038 | 674,673 | 332,904 | ||
| Admin Expenses | 450,848 | 476,725 | 430,891 | 440,199 | 430,593 | 438,909 | 407,608 | 408,918 | 418,120 | 440,676 | 387,954 | 329,551 | ||
| Operating Profit | -774,072 | 23,263 | 239,480 | -237,398 | -194,147 | 295,536 | 111,676 | 308,168 | 242,410 | 259,362 | 286,719 | 3,353 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 128 | 31 | 203 | 1,349 | ||
| Interest Receivable | 438,637 | 17,039 | 21,625 | 22,494 | 23,879 | 23,156 | 18,984 | 19,596 | 21,677 | 18,703 | 18,318 | 19,501 | ||
| Pre-Tax Profit | -335,435 | 40,302 | 261,105 | -214,904 | -170,268 | 318,692 | 130,660 | 327,764 | 263,959 | 278,034 | 304,834 | 18,674 | ||
| Tax | 62,133 | -10,428 | -49,258 | 35,780 | 33,335 | -62,470 | -28,178 | -68,400 | -54,736 | -57,732 | -14,329 | 9,785 | ||
| Profit After Tax | -273,302 | 29,874 | 211,847 | -179,124 | -136,933 | 256,222 | 102,482 | 259,364 | 209,223 | 220,302 | 290,505 | 28,459 | ||
| Dividends Paid | 27,600 | 27,600 | 0 | 0 | 69,000 | 93,150 | 93,150 | 186,300 | 99,900 | 123,333 | 75,000 | 0 | ||
| Retained Profit | -300,902 | 2,274 | 211,847 | -179,124 | -205,933 | 163,072 | 9,332 | 73,064 | 109,323 | 96,969 | 215,505 | 28,459 | ||
| Employee Costs | 1,314,415 | 1,453,786 | 1,143,611 | 1,459,917 | 1,374,304 | 1,438,392 | 1,395,226 | 1,408,653 | 1,512,857 | 1,771,521 | 1,553,257 | 1,256,937 | ||
| Number Of Employees | 25 | 29 | 37 | 39 | 32 | 43 | 40 | 44 | 43 | 46 | 50 | 60 | 53 | 50 |
| EBITDA* | -740,205 | 59,878 | 275,247 | -205,717 | -167,062 | 317,171 | 138,701 | 335,081 | 263,069 | 276,759 | 295,134 | 18,867 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 20,434 | 15,618 | 28,159 | 55,763 | 83,652 | 88,570 | 104,451 | 28,910 | 29,509 | 43,110 | 45,936 | 61,759 | 32,014 | 10,681 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 92,032 | 30,768 | 55,914 | 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 |
| Total Fixed Assets | 112,466 | 46,386 | 84,073 | 55,763 | 83,652 | 88,570 | 104,451 | 28,910 | 29,509 | 43,110 | 45,936 | 61,759 | 32,014 | 10,681 |
| Stock & work in progress | 70,185 | 241,543 | 233,982 | 310,930 | 239,146 | 269,180 | 228,309 | 248,441 | 257,892 | 229,938 | 301,656 | 399,491 | 256,106 | 404,869 |
| Trade Debtors | 64,606 | 164,798 | 250,253 | 769,552 | 285,100 | 208,452 | 775,343 | 415,198 | 533,838 | 1,026,654 | 1,126,652 | 1,457,354 | 495,985 | 567,922 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 241,365 | 139,671 | 144,302 | 222,913 | 533,382 | 304,779 | 499,858 | 519,117 | 538,026 | 206,377 | 129,492 | 128,090 | 311,255 | 163,463 |
| Cash | 723,552 | 580,925 | 448,343 | 587,442 | 310,422 | 507,630 | 408,767 | 751,419 | 962,757 | 359,662 | 171,625 | 45,600 | 406,847 | 64,761 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,099,708 | 1,126,937 | 1,076,880 | 1,890,837 | 1,368,050 | 1,290,041 | 1,912,277 | 1,934,175 | 2,292,513 | 1,822,631 | 1,729,425 | 2,030,535 | 1,470,193 | 1,201,015 |
| total assets | 1,212,174 | 1,173,323 | 1,160,953 | 1,946,600 | 1,451,702 | 1,378,611 | 2,016,728 | 1,963,085 | 2,322,022 | 1,865,741 | 1,775,361 | 2,092,294 | 1,502,207 | 1,211,696 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 215,460 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 539,480 | 303,024 | 333,492 | 694,763 | 367,640 | 494,085 | 864,487 | 508,121 | 913,982 | 354,030 | 520,717 | 725,943 | 566,663 | 611,691 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 295,980 | 313,240 | 372,372 | 489,643 | 320,691 | 342,656 | 421,566 | 525,430 | 640,478 | 751,243 | 560,297 | 563,567 | 495,635 | 376,343 |
| total current liabilities | 835,460 | 616,264 | 705,864 | 1,184,406 | 688,331 | 836,741 | 1,286,053 | 1,033,551 | 1,554,460 | 1,105,273 | 1,081,014 | 1,504,970 | 1,062,298 | 988,034 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 6,203 | 9,654 | 0 | 9,681 | 2,607 | 3,707 | 5,945 | 5,388 | 7,688 | 742 | 0 |
| total long term liabilities | 0 | 0 | 0 | 6,203 | 9,654 | 0 | 9,681 | 2,607 | 3,707 | 5,945 | 5,388 | 7,688 | 742 | 0 |
| total liabilities | 835,460 | 616,264 | 705,864 | 1,190,609 | 697,985 | 836,741 | 1,295,734 | 1,036,158 | 1,558,167 | 1,111,218 | 1,086,402 | 1,512,658 | 1,063,040 | 988,034 |
| net assets | 376,714 | 557,059 | 455,089 | 755,991 | 753,717 | 541,870 | 720,994 | 926,927 | 763,855 | 754,523 | 688,959 | 579,636 | 439,167 | 223,662 |
| total shareholders funds | 376,714 | 557,059 | 455,089 | 755,991 | 753,717 | 541,870 | 720,994 | 926,927 | 763,855 | 754,523 | 688,959 | 579,636 | 439,167 | 223,662 |
| 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 | -774,072 | 23,263 | 239,480 | -237,398 | -194,147 | 295,536 | 111,676 | 308,168 | 242,410 | 259,362 | 286,719 | 3,353 | ||
| Depreciation | 10,162 | 17,316 | 33,867 | 36,615 | 35,767 | 31,681 | 27,085 | 21,635 | 27,025 | 26,913 | 20,659 | 17,397 | 8,415 | 15,514 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 62,133 | -10,428 | -49,258 | 35,780 | 33,335 | -62,470 | -28,178 | -68,400 | -54,736 | -57,732 | -14,329 | 9,785 | ||
| Stock | -171,358 | 7,561 | -76,948 | 71,784 | -30,034 | 40,871 | -20,132 | -9,451 | 27,954 | -71,718 | -97,835 | 143,385 | -148,763 | 404,869 |
| Debtors | 1,502 | -90,086 | -597,910 | 173,983 | 305,251 | -761,970 | 340,886 | -137,549 | -161,167 | -23,113 | -329,300 | 778,204 | 75,855 | 731,385 |
| Creditors | 236,456 | -30,468 | -361,271 | 327,123 | -126,445 | -370,402 | 356,366 | -405,861 | 559,952 | -166,687 | -205,226 | 159,280 | -45,028 | 611,691 |
| Accruals and Deferred Income | -17,260 | -59,132 | -117,271 | 168,952 | -21,965 | -78,910 | -103,864 | -115,048 | -110,765 | 190,946 | -3,270 | 67,932 | 119,292 | 376,343 |
| Deferred Taxes & Provisions | 0 | 0 | -6,203 | -3,451 | 9,654 | -9,681 | 7,074 | -1,100 | -2,238 | 557 | -2,300 | 6,946 | 742 | 0 |
| Cash flow from operations | -487,959 | 296,307 | -187,984 | 92,169 | -194,905 | -120,308 | 690,685 | 386,328 | 424,672 | -468,404 | 428,719 | -119,568 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -30,849 | -11,000 | -102,626 | 0 | 0 | -31,587 | -4,216 | -3,642 | -29,748 | -4,087 | ||
| Change in Investments | 61,264 | -25,146 | 55,914 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -55,914 | 0 | -30,849 | -11,000 | -102,626 | 0 | 0 | -31,587 | -4,216 | -3,642 | -29,748 | -4,087 | ||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 438,637 | 17,039 | 21,625 | 22,494 | 23,879 | 23,156 | 18,984 | 19,596 | 21,549 | 18,672 | 18,115 | 18,152 | ||
| cash flow from financing | 438,637 | 17,039 | 21,625 | 22,494 | 23,879 | 23,156 | 18,984 | 12,096 | 21,549 | 62,172 | 18,115 | 213,355 | ||
| cash and cash equivalents | ||||||||||||||
| cash | 142,627 | 132,582 | -139,099 | 277,020 | -197,208 | 98,863 | -342,652 | -211,338 | 603,095 | 188,037 | 126,025 | -361,247 | 342,086 | 64,761 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -215,460 | 215,460 | 0 | 0 |
| change in cash | 142,627 | 132,582 | -139,099 | 277,020 | -197,208 | 98,863 | -342,652 | -211,338 | 603,095 | 188,037 | 341,485 | -576,707 | 342,086 | 64,761 |
P&L
December 2022turnover
2.2m
-3%
operating profit
-203.2k
0%
gross margin
24.1%
-1.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
376.7k
-0.32%
total assets
1.2m
+0.03%
cash
723.6k
+0.25%
net assets
Total assets minus all liabilities
bridgewater contracts (projects) limited company details
company number
02091828
Type
Private limited with Share Capital
industry
43320 - Joinery installation
43390 - Other building completion and finishing
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
January 1987
age
37
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
bridgewater house, parkway, trading estate, barton dock road, stretford, manchester, lancashire, M32 0TL
last accounts submitted
December 2022
bridgewater contracts (projects) 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 16 charges/mortgages relating to bridgewater contracts (projects) limited. Currently there are 1 open charges and 15 have been satisfied in the past.
bridgewater contracts (projects) limited Companies House Filings - See Documents
| date | description | view/download |
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