willett & son holdings limited
willett & son holdings limited Company Information
Company Number
02188952
Next Accounts
Jan 2026
Shareholders
john wright & marilyn wright
elizabeth rice & mark rice
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
51 queen square, bristol, BS1 4LJ
Website
www.willetts.co.ukwillett & son holdings limited Estimated Valuation
Pomanda estimates the enterprise value of WILLETT & SON HOLDINGS LIMITED at £26.6m based on a Turnover of £46.9m and 0.57x industry multiple (adjusted for size and gross margin).
willett & son holdings limited Estimated Valuation
Pomanda estimates the enterprise value of WILLETT & SON HOLDINGS LIMITED at £608.7k based on an EBITDA of £135.6k and a 4.49x industry multiple (adjusted for size and gross margin).
willett & son holdings limited Estimated Valuation
Pomanda estimates the enterprise value of WILLETT & SON HOLDINGS LIMITED at £5.5m based on Net Assets of £2.6m and 2.11x industry multiple (adjusted for liquidity).
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Willett & Son Holdings Limited Overview
Willett & Son Holdings Limited is a live company located in bristol, BS1 4LJ with a Companies House number of 02188952. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 1987, it's largest shareholder is john wright & marilyn wright with a 50% stake. Willett & Son Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £46.9m with declining growth in recent years.
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Willett & Son Holdings Limited Health Check
Pomanda's financial health check has awarded Willett & Son Holdings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £46.9m, make it larger than the average company (£20.8m)
£46.9m - Willett & Son Holdings Limited
£20.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (9.7%)
-4% - Willett & Son Holdings Limited
9.7% - Industry AVG
Production
with a gross margin of 2%, this company has a higher cost of product (33.4%)
2% - Willett & Son Holdings Limited
33.4% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (5.8%)
0.2% - Willett & Son Holdings Limited
5.8% - Industry AVG
Employees
with 11 employees, this is below the industry average (114)
11 - Willett & Son Holdings Limited
114 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has an equivalent pay structure (£49.1k)
£56.9k - Willett & Son Holdings Limited
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £4.3m, this is more efficient (£197.7k)
£4.3m - Willett & Son Holdings Limited
£197.7k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (45 days)
22 days - Willett & Son Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (42 days)
18 days - Willett & Son Holdings Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (46 days)
5 days - Willett & Son Holdings Limited
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (16 weeks)
3 weeks - Willett & Son Holdings Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.1%, this is a similar level of debt than the average (54.4%)
50.1% - Willett & Son Holdings Limited
54.4% - Industry AVG
WILLETT & SON HOLDINGS LIMITED financials
Willett & Son Holdings Limited's latest turnover from April 2024 is £46.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Willett & Son Holdings Limited has 11 employees and maintains cash reserves of £162.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 46,923,408 | 68,049,947 | 56,426,476 | 52,978,151 | 53,356,489 | 58,909,737 | 54,173,683 | 45,717,063 | 46,846,238 | 52,007,765 | 63,008,941 | 66,306,145 | 56,263,363 | 46,560,670 | 45,907,525 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 45,997,682 | 66,894,785 | 55,407,106 | 51,576,097 | 52,622,465 | 58,083,417 | 53,248,438 | 44,813,984 | 46,105,282 | 51,065,761 | 62,158,684 | 64,767,251 | 54,262,132 | 45,095,020 | 44,545,335 |
| Gross Profit | 925,726 | 1,155,162 | 1,019,370 | 1,402,054 | 734,024 | 826,320 | 925,245 | 903,079 | 740,956 | 942,004 | 850,257 | 1,538,894 | 2,001,231 | 1,465,650 | 1,362,190 |
| Admin Expenses | 814,213 | 937,926 | 908,418 | 1,226,698 | 860,437 | 882,580 | 881,832 | 918,449 | 868,078 | 1,016,965 | 764,331 | 1,261,650 | 1,642,314 | 1,337,375 | 1,280,501 |
| Operating Profit | 111,513 | 217,236 | 110,952 | 175,356 | -126,413 | -56,260 | 43,413 | -15,370 | -127,122 | -74,961 | 85,926 | 277,244 | 358,917 | 128,275 | 81,689 |
| Interest Payable | 18 | 1 | 15 | 20 | 26 | 145 | 261 | 7,182 | 8,660 | 8,820 | 11,354 | 13,057 | 15,462 | 15,039 | 13,417 |
| Interest Receivable | 15 | 50,746 | 48 | 63 | 366 | 366 | |||||||||
| Pre-Tax Profit | 111,495 | 217,235 | 110,937 | 175,336 | -126,424 | -56,405 | 43,152 | 28,194 | -135,782 | -83,781 | 74,572 | 264,235 | 343,518 | 113,602 | 68,637 |
| Tax | -26,471 | -42,708 | -12,630 | -16,425 | 2,452 | -3,069 | -667 | 415 | 13,806 | -18,909 | -55,776 | -62,247 | -295 | 13,365 | |
| Profit After Tax | 85,024 | 174,527 | 98,307 | 158,911 | -126,424 | -53,953 | 40,083 | 27,527 | -135,367 | -69,975 | 55,663 | 208,459 | 281,271 | 113,307 | 82,002 |
| Dividends Paid | 49,434 | 49,435 | 49,435 | 47,996 | 7,996 | 7,996 | 19,774 | 19,774 | 29,661 | 29,661 | 29,661 | 29,661 | |||
| Retained Profit | 35,590 | 125,092 | 48,872 | 110,915 | -134,420 | -61,949 | 20,309 | 7,753 | -135,367 | -99,636 | 26,002 | 178,798 | 251,610 | 113,307 | 82,002 |
| Employee Costs | 626,151 | 626,143 | 634,260 | 875,952 | 602,398 | 593,622 | 553,877 | 604,292 | 604,131 | 624,306 | 573,122 | 759,824 | 1,040,938 | 770,141 | 732,098 |
| Number Of Employees | 11 | 12 | 12 | 11 | 11 | 11 | 13 | 14 | 15 | 14 | 14 | 15 | 15 | 15 | 13 |
| EBITDA* | 135,640 | 244,253 | 141,563 | 200,993 | -99,468 | -31,541 | 76,055 | 8,815 | -102,853 | -49,451 | 122,108 | 312,773 | 388,124 | 151,430 | 110,136 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,037,079 | 1,058,131 | 1,086,632 | 723,524 | 712,469 | 737,229 | 764,104 | 659,779 | 656,789 | 675,475 | 527,512 | 544,940 | 543,355 | 506,637 | 525,248 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 395,119 | 224,801 | 21,736 | 34,699 | 149,010 | 35,501 | |||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,432,198 | 1,282,932 | 1,108,368 | 758,223 | 712,469 | 886,239 | 799,605 | 659,779 | 656,789 | 675,475 | 527,512 | 544,940 | 543,355 | 506,637 | 525,248 |
| Stock & work in progress | 633,040 | 1,572,409 | 1,384,349 | 1,768,038 | 1,254,233 | 1,660,769 | 1,396,884 | 1,603,160 | 792,247 | 1,621,724 | 2,700,013 | 2,274,567 | 1,649,938 | 1,757,295 | 995,112 |
| Trade Debtors | 2,849,349 | 3,677,533 | 4,534,803 | 4,415,505 | 4,702,465 | 4,263,199 | 5,043,578 | 4,481,395 | 4,151,854 | 3,688,280 | 4,253,504 | 5,527,434 | 4,121,578 | 3,990,071 | 3,828,537 |
| Group Debtors | 40,161 | 40,161 | |||||||||||||
| Misc Debtors | 106,730 | 90,094 | 110,376 | 122,410 | 84,946 | 122,875 | 122,525 | 82,420 | 100,478 | 117,690 | 92,385 | 119,237 | 109,260 | 77,249 | 80,698 |
| Cash | 162,391 | 41,005 | 146,026 | 40,374 | 60,166 | 70,670 | 122,096 | 142,791 | 74,441 | 47,339 | 64,327 | 86,134 | 66,148 | 201,325 | 429,690 |
| misc current assets | |||||||||||||||
| total current assets | 3,751,510 | 5,381,041 | 6,175,554 | 6,346,327 | 6,101,810 | 6,117,513 | 6,685,083 | 6,309,766 | 5,119,020 | 5,475,033 | 7,110,229 | 8,007,372 | 5,946,924 | 6,066,101 | 5,374,198 |
| total assets | 5,183,708 | 6,663,973 | 7,283,922 | 7,104,550 | 6,814,279 | 7,003,752 | 7,484,688 | 6,969,545 | 5,775,809 | 6,150,508 | 7,637,741 | 8,552,312 | 6,490,279 | 6,572,738 | 5,899,446 |
| Bank overdraft | 281,712 | 1,990,315 | 2,291,392 | 2,650,426 | 2,230,912 | 2,605,537 | 2,986,795 | 1,743,590 | 1,707,950 | 2,366,600 | 3,511,202 | 2,341,790 | 2,604,550 | 2,425,171 | |
| Bank loan | 243,445 | 287,515 | 40,000 | 40,001 | |||||||||||
| Trade Creditors | 2,283,056 | 3,233,425 | 2,909,236 | 2,701,159 | 2,522,674 | 2,730,271 | 2,565,267 | 2,183,000 | 1,850,178 | 1,963,414 | 3,081,472 | 2,669,080 | 1,883,899 | 2,140,078 | 1,944,744 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 312,482 | 766,574 | 321,108 | 486,646 | 161,440 | 279,400 | 602,275 | 280,451 | 227,084 | 296,284 | 309,520 | 436,050 | 466,505 | 244,989 | 208,894 |
| total current liabilities | 2,595,538 | 4,281,711 | 5,220,659 | 5,479,197 | 5,334,540 | 5,240,583 | 5,773,079 | 5,450,246 | 4,064,297 | 4,255,163 | 5,757,592 | 6,656,332 | 4,732,195 | 4,989,617 | 4,578,809 |
| loans | 199,375 | 247,515 | 290,160 | 331,427 | 371,359 | 450,000 | 300,000 | ||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 160,652 | 326 | 458 | 1,024 | 1,994 | 819 | |||||||||
| total long term liabilities | 160,652 | 241,094 | 55,395 | 499,840 | 522,120 | 290,618 | 332,451 | 373,353 | 450,000 | 300,819 | |||||
| total liabilities | 2,595,538 | 4,281,711 | 5,381,311 | 5,479,197 | 5,575,634 | 5,240,583 | 5,773,079 | 5,505,641 | 4,564,137 | 4,777,283 | 6,048,210 | 6,988,783 | 5,105,548 | 5,439,617 | 4,879,628 |
| net assets | 2,588,170 | 2,382,262 | 1,902,611 | 1,625,353 | 1,238,645 | 1,763,169 | 1,711,609 | 1,463,904 | 1,211,672 | 1,373,225 | 1,589,531 | 1,563,529 | 1,384,731 | 1,133,121 | 1,019,818 |
| total shareholders funds | 2,588,170 | 2,382,262 | 1,902,611 | 1,625,353 | 1,238,645 | 1,763,169 | 1,711,609 | 1,463,904 | 1,211,672 | 1,373,225 | 1,589,531 | 1,563,529 | 1,384,731 | 1,133,121 | 1,019,818 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 111,513 | 217,236 | 110,952 | 175,356 | -126,413 | -56,260 | 43,413 | -15,370 | -127,122 | -74,961 | 85,926 | 277,244 | 358,917 | 128,275 | 81,689 |
| Depreciation | 24,127 | 27,017 | 30,611 | 25,637 | 26,945 | 24,719 | 32,642 | 24,185 | 24,269 | 25,510 | 36,182 | 35,529 | 29,207 | 23,155 | 28,447 |
| Amortisation | |||||||||||||||
| Tax | -26,471 | -42,708 | -12,630 | -16,425 | 2,452 | -3,069 | -667 | 415 | 13,806 | -18,909 | -55,776 | -62,247 | -295 | 13,365 | |
| Stock | -939,369 | 188,060 | -383,689 | 513,805 | -406,536 | 263,885 | -206,276 | 810,913 | -829,477 | -1,078,289 | 425,446 | 624,629 | -107,357 | 762,183 | 995,112 |
| Debtors | -811,548 | -877,552 | 107,264 | -249,496 | 401,337 | -780,029 | 602,288 | 311,483 | 446,362 | -539,919 | -1,300,782 | 1,415,833 | 123,357 | 158,085 | 3,949,396 |
| Creditors | -950,369 | 324,189 | 208,077 | 178,485 | -207,597 | 165,004 | 382,267 | 332,822 | -113,236 | -1,118,058 | 412,392 | 785,181 | -256,179 | 195,334 | 1,944,744 |
| Accruals and Deferred Income | -454,092 | 445,466 | -165,538 | 325,206 | -117,960 | -322,875 | 321,824 | 53,367 | -69,200 | -13,236 | -126,530 | -30,455 | 221,516 | 36,095 | 208,894 |
| Deferred Taxes & Provisions | -160,652 | 160,652 | -326 | -132 | -566 | -970 | 1,994 | -819 | 819 | ||||||
| Cash flow from operations | 455,625 | 1,500,040 | 608,549 | 423,950 | -419,826 | 329,184 | 381,065 | -728,059 | 97,915 | 451,137 | 1,263,831 | -1,029,709 | 277,208 | -538,523 | -2,666,550 |
| Investing Activities | |||||||||||||||
| capital expenditure | -467 | -25,701 | -19,134 | -14,810 | -18,323 | -50,568 | -66,706 | -3,643 | -8,946 | ||||||
| Change in Investments | 170,318 | 203,065 | -12,963 | 34,699 | -149,010 | 113,509 | 35,501 | ||||||||
| cash flow from investments | -170,318 | -203,065 | 12,963 | -34,699 | 149,010 | -113,509 | -35,968 | -25,701 | -19,134 | -14,810 | -18,323 | -50,568 | -66,706 | -3,643 | -8,946 |
| Financing Activities | |||||||||||||||
| Bank loans | -243,445 | -44,070 | 287,515 | -40,000 | -1 | 40,001 | |||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -199,375 | -48,140 | -42,645 | -41,267 | -39,932 | -78,641 | 150,000 | 300,000 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -18 | -1 | -15 | -20 | -11 | -145 | -261 | 43,564 | -8,660 | -8,820 | -11,354 | -13,009 | -15,399 | -14,673 | -13,051 |
| cash flow from financing | 170,300 | 354,558 | 228,371 | 275,773 | -390,115 | 113,364 | 227,135 | -154,777 | -127,056 | 119,380 | -92,621 | -52,942 | -54,039 | 135,323 | 1,224,765 |
| cash and cash equivalents | |||||||||||||||
| cash | 121,386 | -105,021 | 105,652 | -19,792 | -10,504 | -51,426 | -20,695 | 68,350 | 27,102 | -16,988 | -21,807 | 19,986 | -135,177 | -228,365 | 429,690 |
| overdraft | -281,712 | -1,708,603 | -301,077 | -359,034 | 419,514 | -374,625 | -381,258 | 1,243,205 | 35,640 | -658,650 | -1,144,602 | 1,169,412 | -262,760 | 179,379 | 2,425,171 |
| change in cash | 403,098 | 1,603,582 | 406,729 | 339,242 | -430,018 | 323,199 | 360,563 | -1,174,855 | -8,538 | 641,662 | 1,122,795 | -1,149,426 | 127,583 | -407,744 | -1,995,481 |
willett & son holdings limited Credit Report and Business Information
Willett & Son Holdings Limited Competitor Analysis
Perform a competitor analysis for willett & son holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in BS1 area or any other competitors across 12 key performance metrics.
willett & son holdings limited Ownership
WILLETT & SON HOLDINGS LIMITED group structure
Willett & Son Holdings Limited has 2 subsidiary companies.
Ultimate parent company
WILLETT & SON HOLDINGS LIMITED
02188952
2 subsidiaries
willett & son holdings limited directors
Willett & Son Holdings Limited currently has 3 directors. The longest serving directors include Mr John Wright (May 1991) and Dr Elizabeth Rice (Nov 1995).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Wright | 79 years | May 1991 | - | Director | |
| Dr Elizabeth Rice | England | 54 years | Nov 1995 | - | Director |
| Mr Jonathan Wright | United Kingdom | 52 years | May 2012 | - | Director |
P&L
April 2024turnover
46.9m
-31%
operating profit
111.5k
-49%
gross margin
2%
+16.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
2.6m
+0.09%
total assets
5.2m
-0.22%
cash
162.4k
+2.96%
net assets
Total assets minus all liabilities
willett & son holdings limited company details
company number
02188952
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
November 1987
age
38
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2024
previous names
quayshelfco 199 limited (April 1988)
accountant
-
auditor
HAINES WATTS (WESTERN) LIMITED
address
51 queen square, bristol, BS1 4LJ
Bank
CLYDESDALE BANK
Legal Advisor
-
willett & son holdings 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 5 charges/mortgages relating to willett & son holdings limited. Currently there are 2 open charges and 3 have been satisfied in the past.
willett & son holdings 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.
Click to start generating capital raising & share issue transactions for WILLETT & SON HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
willett & son holdings limited Companies House Filings - See Documents
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