watlow limited
watlow limited Company Information
Company Number
02152272
Website
www.watlow.co.ukRegistered Address
watlow ltd robey close, linby industrial estate, linby, nottingham, NG15 8AA
Industry
Other manufacturing n.e.c.
Telephone
01159640777
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
watlow electric mpg company 100%
watlow limited Estimated Valuation
Pomanda estimates the enterprise value of WATLOW LIMITED at £14.7m based on a Turnover of £16.3m and 0.9x industry multiple (adjusted for size and gross margin).
watlow limited Estimated Valuation
Pomanda estimates the enterprise value of WATLOW LIMITED at £13.5m based on an EBITDA of £2.2m and a 6.29x industry multiple (adjusted for size and gross margin).
watlow limited Estimated Valuation
Pomanda estimates the enterprise value of WATLOW LIMITED at £56.3m based on Net Assets of £93.4m and 0.6x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Watlow Limited Overview
Watlow Limited is a live company located in linby, NG15 8AA with a Companies House number of 02152272. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in August 1987, it's largest shareholder is watlow electric mpg company with a 100% stake. Watlow Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.3m with rapid growth in recent years.
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Watlow Limited Health Check
Pomanda's financial health check has awarded Watlow Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £16.3m, make it larger than the average company (£13.3m)
£16.3m - Watlow Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 67%, show it is growing at a faster rate (2.4%)
- Watlow Limited
2.4% - Industry AVG
Production
with a gross margin of 34.4%, this company has a comparable cost of product (29.5%)
34.4% - Watlow Limited
29.5% - Industry AVG
Profitability
an operating margin of 4.3% make it less profitable than the average company (6.1%)
4.3% - Watlow Limited
6.1% - Industry AVG
Employees
with 61 employees, this is similar to the industry average (72)
61 - Watlow Limited
72 - Industry AVG
Pay Structure
on an average salary of £67.1k, the company has a higher pay structure (£40.1k)
£67.1k - Watlow Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £267.7k, this is more efficient (£176k)
£267.7k - Watlow Limited
£176k - Industry AVG
Debtor Days
it gets paid by customers after 110 days, this is later than average (56 days)
110 days - Watlow Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 258 days, this is slower than average (42 days)
258 days - Watlow Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 301 days, this is more than average (70 days)
301 days - Watlow Limited
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (12 weeks)
14 weeks - Watlow Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.8%, this is a lower level of debt than the average (50.3%)
20.8% - Watlow Limited
50.3% - Industry AVG
WATLOW LIMITED financials
Watlow Limited's latest turnover from December 2022 is £16.3 million and the company has net assets of £93.4 million. According to their latest financial statements, Watlow Limited has 61 employees and maintains cash reserves of £6.7 million 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 | 16,327,000 | 4,380,189 | 3,854,269 | 4,084,578 | 4,268,999 | 5,174,112 | 4,330,564 | 3,554,373 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 10,711,000 | 3,007,181 | 2,533,610 | 2,757,474 | 2,825,236 | 3,242,998 | 2,595,373 | 2,224,490 | ||||||
| Gross Profit | 5,616,000 | 1,311,747 | 1,389,492 | 1,373,008 | 1,320,659 | 1,327,104 | 1,443,763 | 1,931,114 | 1,735,191 | 1,329,883 | ||||
| Admin Expenses | 4,909,000 | 1,197,805 | 1,504,412 | 1,353,874 | 1,211,635 | 1,240,290 | 1,241,636 | 1,692,369 | 1,348,533 | 1,303,369 | ||||
| Operating Profit | 707,000 | 113,942 | -114,920 | 19,134 | 109,024 | 86,814 | 202,127 | 238,745 | 386,658 | 26,514 | ||||
| Interest Payable | 60,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Interest Receivable | 10,000 | 279 | 886 | 498 | 542 | 888 | 2,163 | 1,804 | 6,837 | 11,932 | ||||
| Pre-Tax Profit | 657,000 | 114,221 | -114,034 | 19,632 | 743,419 | 87,702 | 204,290 | 240,549 | 393,495 | 38,446 | ||||
| Tax | 256,000 | -5,906 | 285 | -3,612 | -24,677 | -25,305 | -56,524 | -79,036 | -115,728 | -32,883 | ||||
| Profit After Tax | 913,000 | 108,315 | -113,749 | 16,020 | 718,742 | 62,397 | 147,766 | 161,513 | 277,767 | 5,563 | ||||
| Dividends Paid | 530,000 | 0 | 0 | 0 | 1,100,000 | 350,000 | 300,000 | 0 | 700,000 | 0 | ||||
| Retained Profit | 383,000 | 108,315 | -113,749 | 16,020 | -381,258 | -287,603 | -152,234 | 161,513 | -422,233 | 5,563 | ||||
| Employee Costs | 4,094,000 | 892,110 | 923,099 | 809,630 | 868,615 | 913,980 | 1,506,776 | 1,250,960 | 1,273,706 | |||||
| Number Of Employees | 61 | 14 | 14 | 14 | 14 | 15 | 16 | 17 | 17 | 18 | 41 | 47 | 50 | |
| EBITDA* | 2,152,000 | 116,323 | -112,539 | 21,516 | 132,295 | 115,727 | 236,442 | 305,298 | 487,472 | 158,656 |
* 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 | 4,300,000 | 0 | 0 | 0 | 794 | 3,175 | 5,556 | 7,937 | 10,319 | 461,875 | 490,788 | 525,103 | 714,378 | 763,265 |
| Intangible Assets | 79,436,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,721 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 960,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 84,696,000 | 0 | 0 | 0 | 794 | 3,175 | 5,556 | 7,937 | 10,319 | 461,875 | 490,788 | 525,103 | 714,378 | 779,986 |
| Stock & work in progress | 8,856,000 | 296,463 | 233,526 | 249,116 | 262,924 | 280,791 | 256,846 | 186,221 | 155,941 | 166,842 | 206,548 | 221,276 | 294,448 | 191,280 |
| Trade Debtors | 4,945,000 | 1,089,931 | 692,538 | 1,065,004 | 409,722 | 756,939 | 668,699 | 632,976 | 671,731 | 745,511 | 750,396 | 1,118,973 | 720,113 | 409,957 |
| Group Debtors | 8,730,000 | 0 | 0 | 0 | 172,580 | 643,940 | 0 | 0 | 521 | 41,878 | 17,239 | 220,749 | 34,119 | 10,368 |
| Misc Debtors | 3,940,000 | 0 | 0 | 0 | 63,769 | 42,732 | 0 | 92,834 | 41,462 | 56,189 | 79,892 | 60,001 | 73,067 | 78,438 |
| Cash | 6,704,000 | 903,833 | 804,075 | 412,612 | 633,166 | 487,706 | 498,270 | 814,619 | 785,574 | 607,895 | 738,195 | 472,906 | 658,906 | 1,062,495 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 33,175,000 | 2,290,227 | 1,730,139 | 1,726,732 | 1,542,161 | 2,212,108 | 1,423,815 | 1,726,650 | 1,655,229 | 1,618,315 | 1,792,270 | 2,093,905 | 1,780,653 | 1,752,538 |
| total assets | 117,871,000 | 2,290,227 | 1,730,139 | 1,726,732 | 1,542,955 | 2,215,283 | 1,429,371 | 1,734,587 | 1,665,548 | 2,080,190 | 2,283,058 | 2,619,008 | 2,495,031 | 2,532,524 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,583,000 | 633,819 | 277,215 | 292,530 | 95,357 | 127,199 | 316,921 | 144,325 | 130,257 | 146,913 | 117,741 | 150,005 | 179,188 | 75,314 |
| Group/Directors Accounts | 9,543,000 | 0 | 0 | 0 | 107,622 | 740,149 | 0 | 224,118 | 181,697 | 188,415 | 154,660 | 190,180 | 204,992 | 73,313 |
| 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 | 6,225,000 | 0 | 0 | 0 | 147,880 | 127,515 | 0 | 139,660 | 142,790 | 145,737 | 122,076 | 236,936 | 223,309 | 70,282 |
| total current liabilities | 23,351,000 | 633,819 | 277,215 | 292,530 | 350,859 | 994,863 | 316,921 | 508,103 | 454,744 | 481,065 | 394,477 | 577,121 | 607,489 | 218,909 |
| 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 | 1,168,000 | 0 | 0 | 0 | 0 | 291 | 636 | 921 | 1,261 | 8,324 | 10,177 | 11,249 | 18,417 | 22,257 |
| total long term liabilities | 1,168,000 | 0 | 0 | 0 | 0 | 291 | 636 | 921 | 1,261 | 8,324 | 10,177 | 11,249 | 18,417 | 22,257 |
| total liabilities | 24,519,000 | 633,819 | 277,215 | 292,530 | 350,859 | 995,154 | 317,557 | 509,024 | 456,005 | 489,389 | 404,654 | 588,370 | 625,906 | 241,166 |
| net assets | 93,352,000 | 1,656,408 | 1,452,924 | 1,434,202 | 1,192,096 | 1,220,129 | 1,111,814 | 1,225,563 | 1,209,543 | 1,590,801 | 1,878,404 | 2,030,638 | 1,869,125 | 2,291,358 |
| total shareholders funds | 93,352,000 | 1,656,408 | 1,452,924 | 1,434,202 | 1,192,096 | 1,220,129 | 1,111,814 | 1,225,563 | 1,209,543 | 1,590,801 | 1,878,404 | 2,030,638 | 1,869,125 | 2,291,358 |
| 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 | 707,000 | 113,942 | -114,920 | 19,134 | 109,024 | 86,814 | 202,127 | 238,745 | 386,658 | 26,514 | ||||
| Depreciation | 99,000 | 0 | 0 | 794 | 2,381 | 2,381 | 2,381 | 2,382 | 23,271 | 28,913 | 34,315 | 66,553 | 84,093 | 92,962 |
| Amortisation | 1,346,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,721 | 39,180 |
| Tax | 256,000 | -5,906 | 285 | -3,612 | -24,677 | -25,305 | -56,524 | -79,036 | -115,728 | -32,883 | ||||
| Stock | 8,559,537 | 62,937 | -15,590 | -13,808 | -17,867 | 23,945 | 70,625 | 30,280 | -10,901 | -39,706 | -14,728 | -73,172 | 103,168 | 191,280 |
| Debtors | 17,485,069 | 397,393 | -372,466 | 418,933 | -797,540 | 774,912 | -57,111 | 12,096 | -129,864 | -3,949 | -552,196 | 572,424 | 328,536 | 498,763 |
| Creditors | 6,949,181 | 356,604 | -15,315 | 197,173 | -31,842 | -189,722 | 172,596 | 14,068 | -16,656 | 29,172 | -32,264 | -29,183 | 103,874 | 75,314 |
| Accruals and Deferred Income | 6,225,000 | 0 | 0 | -147,880 | 20,365 | 127,515 | -139,660 | -3,130 | -2,947 | 23,661 | -114,860 | 13,627 | 153,027 | 70,282 |
| Deferred Taxes & Provisions | 1,168,000 | 0 | 0 | 0 | -291 | -345 | -285 | -340 | -7,063 | -1,853 | -1,072 | -7,168 | -3,840 | 22,257 |
| Cash flow from operations | -9,294,425 | -750,992 | -93,117 | -13,874 | 221,717 | 185,057 | 598,646 | -295,714 | 193,101 | -396,417 | ||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 122,722 | -35,206 | -21,131 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 122,722 | -35,206 | -21,131 | ||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,543,000 | 0 | 0 | -107,622 | -632,527 | 740,149 | -224,118 | 42,421 | -6,718 | 33,755 | -35,520 | -14,812 | 131,679 | 73,313 |
| 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 | -50,000 | 279 | 886 | 498 | 542 | 888 | 2,163 | 1,804 | 6,837 | 11,932 | ||||
| cash flow from financing | 100,805,592 | 740,428 | -223,232 | 42,919 | -6,176 | 34,643 | -33,357 | -13,008 | 138,516 | 2,371,040 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 5,800,167 | 99,758 | 391,463 | -220,554 | 145,460 | -10,564 | -316,349 | 29,045 | 177,679 | -130,300 | 265,289 | -186,000 | -403,589 | 1,062,495 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 5,800,167 | 99,758 | 391,463 | -220,554 | 145,460 | -10,564 | -316,349 | 29,045 | 177,679 | -130,300 | 265,289 | -186,000 | -403,589 | 1,062,495 |
watlow limited Credit Report and Business Information
Watlow Limited Competitor Analysis
Perform a competitor analysis for watlow limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NG15 area or any other competitors across 12 key performance metrics.
watlow limited Ownership
WATLOW LIMITED group structure
Watlow Limited has 1 subsidiary company.
Ultimate parent company
WATLOW MANUFACTURING CO
#0129884
1 parent
WATLOW LIMITED
02152272
1 subsidiary
watlow limited directors
Watlow Limited currently has 2 directors. The longest serving directors include Ms Cornelia Bubestinger (Feb 2024) and Mr David McCool (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Cornelia Bubestinger | United Kingdom | 44 years | Feb 2024 | - | Director |
| Mr David McCool | United Kingdom | 61 years | Feb 2024 | - | Director |
P&L
December 2022turnover
16.3m
0%
operating profit
707k
0%
gross margin
34.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
93.4m
+55.36%
total assets
117.9m
+50.47%
cash
6.7m
+6.42%
net assets
Total assets minus all liabilities
Similar Companies
watlow limited company details
company number
02152272
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
August 1987
age
37
incorporated
UK
accounts
Group
ultimate parent company
previous names
naverne limited (October 1987)
last accounts submitted
December 2022
address
watlow ltd robey close, linby industrial estate, linby, nottingham, NG15 8AA
accountant
-
auditor
FORVIS MAZARS LLP
watlow 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 2 charges/mortgages relating to watlow limited. Currently there are 2 open charges and 0 have been satisfied in the past.
watlow limited Companies House Filings - See Documents
| date | description | view/download |
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