witham oil & paint (lowestoft) limited
witham oil & paint (lowestoft) limited Company Information
Company Number
02117373
Website
www.withamgroup.co.ukRegistered Address
outer circle road, lincoln, lincolnshire, LN2 4HL
Industry
Dormant Company
Telephone
01522521192
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
witham oil & paint ltd 100%
witham oil & paint (lowestoft) limited Estimated Valuation
Pomanda estimates the enterprise value of WITHAM OIL & PAINT (LOWESTOFT) LIMITED at £0 based on a Turnover of £655.4k and 0x industry multiple (adjusted for size and gross margin).
witham oil & paint (lowestoft) limited Estimated Valuation
Pomanda estimates the enterprise value of WITHAM OIL & PAINT (LOWESTOFT) LIMITED at £0 based on an EBITDA of £611.8k and a 0x industry multiple (adjusted for size and gross margin).
witham oil & paint (lowestoft) limited Estimated Valuation
Pomanda estimates the enterprise value of WITHAM OIL & PAINT (LOWESTOFT) LIMITED at £0 based on Net Assets of £273 and 0x industry multiple (adjusted for liquidity).
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Witham Oil & Paint (lowestoft) Limited Overview
Witham Oil & Paint (lowestoft) Limited is a live company located in lincolnshire, LN2 4HL with a Companies House number of 02117373. It operates in the dormant company sector, SIC Code 99999. Founded in March 1987, it's largest shareholder is witham oil & paint ltd with a 100% stake. Witham Oil & Paint (lowestoft) Limited is a mature, small sized company, Pomanda has estimated its turnover at £655.4k with declining growth in recent years.
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Witham Oil & Paint (lowestoft) Limited Health Check
Pomanda's financial health check has awarded Witham Oil & Paint (Lowestoft) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
4 Weak
Size
annual sales of £655.4k, make it smaller than the average company (£5.5m)
- Witham Oil & Paint (lowestoft) Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (4.9%)
- Witham Oil & Paint (lowestoft) Limited
4.9% - Industry AVG
Production
with a gross margin of 33.9%, this company has a comparable cost of product (33.9%)
- Witham Oil & Paint (lowestoft) Limited
33.9% - Industry AVG
Profitability
an operating margin of 91.9% make it more profitable than the average company (4.6%)
- Witham Oil & Paint (lowestoft) Limited
4.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (57)
4 - Witham Oil & Paint (lowestoft) Limited
57 - Industry AVG
Pay Structure
on an average salary of £38.5k, the company has an equivalent pay structure (£38.5k)
- Witham Oil & Paint (lowestoft) Limited
£38.5k - Industry AVG
Efficiency
resulting in sales per employee of £163.8k, this is equally as efficient (£163.8k)
- Witham Oil & Paint (lowestoft) Limited
£163.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Witham Oil & Paint (lowestoft) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Witham Oil & Paint (lowestoft) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Witham Oil & Paint (lowestoft) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Witham Oil & Paint (lowestoft) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.4%, this is a higher level of debt than the average (70.8%)
96.4% - Witham Oil & Paint (lowestoft) Limited
70.8% - Industry AVG
WITHAM OIL & PAINT (LOWESTOFT) LIMITED financials
Witham Oil & Paint (Lowestoft) Limited's latest turnover from March 2023 is estimated at £655.4 thousand and the company has net assets of £273. According to their latest financial statements, Witham Oil & Paint (Lowestoft) Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 4 | 7 | 7 | 7 | 6 | 7 | 7 | 8 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 0 | 50,189 | 64,210 | 53,060 | 69,092 | 60,390 | 74,005 | 83,905 | 105,765 | 124,856 | 136,286 | 129,948 | 138,485 | 108,900 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 50,189 | 64,210 | 53,060 | 69,092 | 60,390 | 74,005 | 83,905 | 105,765 | 124,856 | 136,286 | 129,948 | 138,485 | 108,900 |
| Stock & work in progress | 0 | 179,145 | 157,976 | 167,817 | 161,789 | 179,063 | 187,486 | 166,068 | 245,803 | 440,280 | 552,381 | 526,306 | 628,880 | 555,822 |
| Trade Debtors | 0 | 142,082 | 149,363 | 113,147 | 123,307 | 114,483 | 130,563 | 123,253 | 198,025 | 264,991 | 164,193 | 363,465 | 403,144 | 320,599 |
| Group Debtors | 7,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 10,103 | 13,249 | 10,232 | 11,683 | 8,481 | 5,917 | 7,041 | 16,190 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 465 | 6,264 | 21,877 | 14,307 | 4,758 | 20,272 | 24,326 | 21,892 | 3,928 | 6,314 | 8,840 | 419 | 20,419 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,500 | 331,795 | 326,852 | 313,073 | 311,086 | 306,785 | 344,238 | 320,688 | 481,910 | 709,199 | 722,888 | 898,611 | 1,032,443 | 896,840 |
| total assets | 7,500 | 381,984 | 391,062 | 366,133 | 380,178 | 367,175 | 418,243 | 404,593 | 587,675 | 834,055 | 859,174 | 1,028,559 | 1,170,928 | 1,005,740 |
| Bank overdraft | 0 | 66,897 | 40,859 | 170 | 1,206 | 344 | 49,122 | 518 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 403,457 | 418,184 | 420,780 | 391,559 | 354,296 | 383,333 | 235,979 | 242,589 | 785,722 | 717,560 | 759,511 | 877,648 | 634,226 |
| Group/Directors Accounts | 0 | 340,901 | 338,502 | 333,901 | 333,901 | 333,901 | 280,901 | 353,901 | 383,801 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,820 | 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 | 7,227 | 55,378 | 58,017 | 48,634 | 49,816 | 43,845 | 43,806 | 53,665 | 49,509 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 7,227 | 866,633 | 855,562 | 803,485 | 776,482 | 732,386 | 757,162 | 644,063 | 677,719 | 785,722 | 717,560 | 759,511 | 877,648 | 634,226 |
| 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 | 352 | 2,287 | 3,681 | 5,518 | 3,610 | 5,580 | 6,440 | 8,028 | 8,510 | 8,373 | 8,060 | 5,285 | 7,054 |
| total long term liabilities | 0 | 352 | 2,287 | 3,681 | 5,518 | 3,610 | 5,580 | 6,440 | 8,028 | 8,510 | 8,373 | 8,060 | 5,285 | 7,054 |
| total liabilities | 7,227 | 866,985 | 857,849 | 807,166 | 782,000 | 735,996 | 762,742 | 650,503 | 685,747 | 794,232 | 725,933 | 767,571 | 882,933 | 641,280 |
| net assets | 273 | -485,001 | -466,787 | -441,033 | -401,822 | -368,821 | -344,499 | -245,910 | -98,072 | 39,823 | 133,241 | 260,988 | 287,995 | 364,460 |
| total shareholders funds | 273 | -485,001 | -466,787 | -441,033 | -401,822 | -368,821 | -344,499 | -245,910 | -98,072 | 39,823 | 133,241 | 260,988 | 287,995 | 364,460 |
| 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 | ||||||||||||||
| Depreciation | 9,296 | 19,129 | 18,431 | 18,052 | 16,963 | 17,091 | 18,707 | 21,188 | 24,714 | 22,585 | 22,836 | 24,605 | 22,788 | 21,701 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | -179,145 | 21,169 | -9,841 | 6,028 | -17,274 | -8,423 | 21,418 | -79,735 | -194,477 | -112,101 | 26,075 | -102,574 | 73,058 | 555,822 |
| Debtors | -144,685 | -10,427 | 39,233 | -11,611 | 12,026 | -13,516 | 6,186 | -83,921 | -50,776 | 100,798 | -199,272 | -39,679 | 82,545 | 320,599 |
| Creditors | -403,457 | -14,727 | -2,596 | 29,221 | 37,263 | -29,037 | 147,354 | -6,610 | -543,133 | 68,162 | -41,951 | -118,137 | 243,422 | 634,226 |
| Accruals and Deferred Income | -48,151 | -2,639 | 9,383 | -1,182 | 5,971 | 39 | -9,859 | 4,156 | 49,509 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -352 | -1,935 | -1,394 | -1,837 | 1,908 | -1,970 | -860 | -1,588 | -482 | 137 | 313 | 2,775 | -1,769 | 7,054 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | -340,901 | 2,399 | 4,601 | 0 | 0 | 53,000 | -73,000 | -29,900 | 383,801 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,820 | 1,820 | 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 | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -465 | -5,799 | -15,613 | 7,570 | 9,549 | -15,514 | -4,054 | 2,434 | 17,964 | -2,386 | -2,526 | 8,421 | -20,000 | 20,419 |
| overdraft | -66,897 | 26,038 | 40,689 | -1,036 | 862 | -48,778 | 48,604 | 518 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 66,432 | -31,837 | -56,302 | 8,606 | 8,687 | 33,264 | -52,658 | 1,916 | 17,964 | -2,386 | -2,526 | 8,421 | -20,000 | 20,419 |
witham oil & paint (lowestoft) limited Credit Report and Business Information
Witham Oil & Paint (lowestoft) Limited Competitor Analysis
Perform a competitor analysis for witham oil & paint (lowestoft) limited by selecting its closest rivals, whether from the ACTIVITIES OF EXTRATERRITORIAL ORGANISATIONS AND BODIES sector, other small companies, companies in LN2 area or any other competitors across 12 key performance metrics.
witham oil & paint (lowestoft) limited Ownership
WITHAM OIL & PAINT (LOWESTOFT) LIMITED group structure
Witham Oil & Paint (Lowestoft) Limited has no subsidiary companies.
Ultimate parent company
2 parents
WITHAM OIL & PAINT (LOWESTOFT) LIMITED
02117373
witham oil & paint (lowestoft) limited directors
Witham Oil & Paint (Lowestoft) Limited currently has 5 directors. The longest serving directors include Mr Geoffrey Bottom (Apr 1996) and Mr Nigel Bottom (Jan 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geoffrey Bottom | 80 years | Apr 1996 | - | Director | |
| Mr Nigel Bottom | England | 49 years | Jan 2005 | - | Director |
| Mrs Joanne Welsh | 49 years | Sep 2014 | - | Director | |
| Mr Dominic Smith | 38 years | May 2020 | - | Director | |
| Mrs Alison Bottom | 57 years | Mar 2021 | - | Director |
P&L
March 2023turnover
655.4k
-48%
operating profit
602.5k
0%
gross margin
33.9%
-4.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
273
-1%
total assets
7.5k
-0.98%
cash
0
-1%
net assets
Total assets minus all liabilities
witham oil & paint (lowestoft) limited company details
company number
02117373
Type
Private limited with Share Capital
industry
99999 - Dormant Company
incorporation date
March 1987
age
37
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
united paints limited (September 1998)
united paints (1987) limited (January 1989)
last accounts submitted
March 2023
address
outer circle road, lincoln, lincolnshire, LN2 4HL
accountant
DUNCAN & TOPLIS AUDIT LIMITED
auditor
-
witham oil & paint (lowestoft) 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 4 charges/mortgages relating to witham oil & paint (lowestoft) limited. Currently there are 1 open charges and 3 have been satisfied in the past.
witham oil & paint (lowestoft) limited Companies House Filings - See Documents
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