cdw limited

2.5

cdw limited Company Information

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Company Number

02465350

Registered Address

3rd floor one new change, london, EC4M 9AF

Industry

Other information service activities n.e.c.

 

Telephone

02077916000

Next Accounts Due

September 2025

Group Structure

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Directors

Christina Corley6 Years

Malcolm Pape3 Years

View All

Shareholders

kelway holdings ltd 100%

cdw limited Estimated Valuation

£2b

Pomanda estimates the enterprise value of CDW LIMITED at £2b based on a Turnover of £1.1b and 1.78x industry multiple (adjusted for size and gross margin).

cdw limited Estimated Valuation

£522.5m

Pomanda estimates the enterprise value of CDW LIMITED at £522.5m based on an EBITDA of £73.3m and a 7.13x industry multiple (adjusted for size and gross margin).

cdw limited Estimated Valuation

£708.7m

Pomanda estimates the enterprise value of CDW LIMITED at £708.7m based on Net Assets of £259.9m and 2.73x industry multiple (adjusted for liquidity).

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Cdw Limited Overview

Cdw Limited is a live company located in london, EC4M 9AF with a Companies House number of 02465350. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in January 1990, it's largest shareholder is kelway holdings ltd with a 100% stake. Cdw Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.1b with healthy growth in recent years.

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Cdw Limited Health Check

Pomanda's financial health check has awarded Cdw Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £1.1b, make it larger than the average company (£1.1m)

£1.1b - Cdw Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.4%)

4% - Cdw Limited

7.4% - Industry AVG

production

Production

with a gross margin of 18.2%, this company has a higher cost of product (70.1%)

18.2% - Cdw Limited

70.1% - Industry AVG

profitability

Profitability

an operating margin of 6.1% make it as profitable than the average company (6%)

6.1% - Cdw Limited

6% - Industry AVG

employees

Employees

with 1687 employees, this is above the industry average (20)

1687 - Cdw Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £74.2k, the company has a higher pay structure (£33.9k)

£74.2k - Cdw Limited

£33.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £667.3k, this is more efficient (£71.7k)

£667.3k - Cdw Limited

£71.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 145 days, this is later than average (35 days)

145 days - Cdw Limited

35 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 25 days, this is quicker than average (32 days)

25 days - Cdw Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 21 days, this is more than average (13 days)

21 days - Cdw Limited

13 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (78 weeks)

5 weeks - Cdw Limited

78 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 54.6%, this is a higher level of debt than the average (33%)

54.6% - Cdw Limited

33% - Industry AVG

CDW LIMITED financials

EXPORTms excel logo

Cdw Limited's latest turnover from December 2023 is £1.1 billion and the company has net assets of £259.9 million. According to their latest financial statements, Cdw Limited has 1,687 employees and maintains cash reserves of £29.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,125,800,0001,298,600,0001,090,100,000990,600,000972,400,000881,055,264719,413,133648,633,545425,712,526587,994,392522,987,873345,565,635350,420,059244,445,890164,206,265
Other Income Or Grants000000000000000
Cost Of Sales921,100,0001,096,900,000921,600,000814,000,000801,800,000722,839,702588,483,384526,676,182345,254,339488,344,561438,631,655287,730,153292,899,787197,126,980132,030,292
Gross Profit204,700,000201,700,000168,500,000176,600,000170,600,000158,215,562130,929,749121,957,36380,458,18799,649,83184,356,21857,835,48257,520,27247,318,91032,175,973
Admin Expenses136,400,000128,700,000110,200,000116,900,000115,100,000102,833,28292,706,04381,460,34197,093,05470,840,36068,423,54849,121,23745,617,77238,867,07924,957,638
Operating Profit68,300,00073,000,00058,300,00059,700,00055,500,00055,382,28038,223,70640,497,022-16,634,86728,809,47115,932,6708,714,24511,902,5008,451,8317,218,335
Interest Payable0000070,519127,953348,956332,070309,661288,476511,406862,592302,842176,028
Interest Receivable000100,000300,000107,4477,35939,07613,6833,9731,004013,94014,2126,474
Pre-Tax Profit68,300,00073,000,00058,300,00059,800,00055,800,00055,419,20838,103,11240,187,142-16,953,25428,503,78315,645,1988,202,83911,053,8488,163,2017,048,781
Tax-16,100,000-13,600,000-9,400,000-11,000,000-8,800,000-7,388,041-9,368,034-5,340,1155,506,787-7,102,254-4,191,942-2,413,411-2,662,096-2,497,355-1,943,591
Profit After Tax52,200,00059,400,00048,900,00048,800,00047,000,00048,031,16728,735,07834,847,027-11,446,46721,401,52911,453,2565,789,4288,391,7525,665,8465,105,190
Dividends Paid0055,300,00040,000,00037,000,00032,000,00020,000,00032,000,0000000001,502,813
Retained Profit52,200,00059,400,000-6,400,0008,800,00010,000,00016,031,1678,735,0782,847,027-11,446,46721,401,52911,453,2565,789,4288,391,7525,665,8463,602,377
Employee Costs125,100,000135,100,000126,000,00093,000,000103,600,00094,189,14480,945,93669,279,48654,125,76765,070,09963,054,61546,111,72744,939,42429,233,43120,042,143
Number Of Employees1,6871,7051,6011,3831,3461,2501,0861,047959933922809742408331
EBITDA*73,300,00078,500,00064,500,00065,400,00061,900,00061,758,10843,772,88044,767,128-13,612,59432,428,72218,853,11411,240,72014,008,7769,585,0117,928,657

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets4,300,0005,600,0007,600,00010,300,0008,800,00010,109,59810,938,6416,845,0347,131,8556,757,7295,922,4585,456,3265,527,4053,638,8471,484,605
Intangible Assets3,500,0004,900,0005,800,0005,800,0004,900,0004,976,5696,046,2556,914,9257,637,8917,826,9988,096,2325,649,3532,945,8562,750,8062,909,704
Investments & Other000000000000000
Debtors (Due After 1 year)30,900,00013,100,0009,900,0001,300,0001,200,0001,194,123000020,736,95919,151,55922,030,62915,802,3926,324,369
Total Fixed Assets38,700,00023,600,00023,300,00017,400,00014,900,00016,280,29016,984,89613,759,95914,769,74614,584,72734,755,64930,257,23830,503,89022,192,04510,718,678
Stock & work in progress54,900,00072,200,00065,000,00038,700,00031,500,00033,060,41223,267,48818,416,90514,072,18116,697,37816,991,56915,652,86113,570,32113,298,8887,434,410
Trade Debtors448,500,000264,800,000186,300,000183,000,000207,200,000172,497,181150,884,275151,549,859116,141,488102,664,26492,589,39161,534,35061,131,75039,765,76135,094,820
Group Debtors0163,700,00083,100,00072,500,00076,600,00063,629,60367,820,32057,194,43858,950,18139,601,33200000
Misc Debtors050,400,00060,600,00059,300,00046,000,00042,770,50153,182,05040,325,11861,321,23639,552,01827,356,92920,987,80516,538,49611,788,04411,335,852
Cash29,700,00026,400,00032,300,00065,900,00047,600,00027,356,32114,645,17022,963,0828,358,37429,856,5222,867,635232,954641,72011,797,4038,076,568
misc current assets00000000000000100,000
total current assets533,100,000577,500,000427,300,000419,400,000408,900,000339,314,018309,799,303290,449,402258,843,460228,371,514139,805,52498,407,97091,882,28776,650,09662,041,650
total assets571,800,000601,100,000450,600,000436,800,000423,800,000355,594,308326,784,199304,209,361273,613,206242,956,241174,561,173128,665,208122,386,17798,842,14172,760,328
Bank overdraft000000000001,935,303237,66610,895,1443,718,831
Bank loan000000000000000
Trade Creditors 63,700,000376,200,000183,300,000157,600,000150,600,000117,636,57763,216,17380,765,08366,573,42086,080,98050,770,68642,222,12441,206,11738,921,65033,830,695
Group/Directors Accounts7,000,00004,100,0008,000,0009,300,0007,397,6188,715,2115,928,02160,832,9040000925,627902,229
other short term finances00000000005,996,0714,757,29716,130,477248,1600
hp & lease commitments300,0000500,00000154,306320,220696,876953,713726,602998,080962,061766,7626,98337,094
other current liabilities223,900,0000100,300,000105,000,000104,900,000119,236,031134,960,864110,529,39833,775,38887,368,35870,750,35644,138,97234,918,84027,692,43021,177,779
total current liabilities294,900,000376,200,000288,200,000270,600,000264,800,000209,320,501207,212,468197,919,378162,135,425174,175,940128,515,19394,015,75793,259,86278,689,99459,666,628
loans000000000000431,319657,4160
hp & lease commitments0200,000500,000000154,306172,823850,199862,502575,710909,522808,44600
Accruals and Deferred Income15,100,00014,200,00010,100,0008,500,00010,600,0000000000000
other liabilities0000000002,124,10700000
provisions1,900,0001,900,0001,500,0001,500,0001,000,000862,740919,000641,598758,8311,040,0431,076,288799,203735,252735,1850
total long term liabilities17,000,00016,300,00012,100,00010,000,00011,600,0009,134,4691,073,306814,4211,609,0304,026,6521,651,9981,708,7251,975,0171,392,6010
total liabilities311,900,000392,500,000300,300,000280,600,000276,400,000218,454,970208,285,774198,733,799163,744,455178,202,592130,167,19195,724,48295,234,87980,082,59559,666,628
net assets259,900,000208,600,000150,300,000156,200,000147,400,000137,139,338118,498,425105,475,562109,868,75164,753,64944,393,98232,940,72627,151,29818,759,54613,093,700
total shareholders funds259,900,000208,600,000150,300,000156,200,000147,400,000137,139,338118,498,425105,475,562109,868,75164,753,64944,393,98232,940,72627,151,29818,759,54613,093,700
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit68,300,00073,000,00058,300,00059,700,00055,500,00055,382,28038,223,70640,497,022-16,634,86728,809,47115,932,6708,714,24511,902,5008,451,8317,218,335
Depreciation2,800,0003,300,0004,100,0003,900,0004,900,0004,445,3343,805,2242,982,8132,148,0302,628,4312,493,5142,285,8461,898,006974,282555,412
Amortisation2,200,0002,200,0002,100,0001,800,0001,500,0001,930,4941,743,9501,287,293874,243990,820426,930240,629208,270158,898154,910
Tax-16,100,000-13,600,000-9,400,000-11,000,000-8,800,000-7,388,041-9,368,034-5,340,1155,506,787-7,102,254-4,191,942-2,413,411-2,662,096-2,497,355-1,943,591
Stock-17,300,0007,200,00026,300,0007,200,000-1,560,4129,792,9244,850,5834,344,724-2,919,388-294,1911,338,7082,082,540271,4335,864,4787,434,410
Debtors-12,600,000152,100,00023,800,000-14,900,00050,908,5928,204,76322,817,23012,656,51095,729,62641,134,33539,009,5651,972,83932,344,67814,601,15652,755,041
Creditors-312,500,000192,900,00025,700,0007,000,00032,963,42354,420,404-17,548,91014,191,66315,802,73435,310,2948,548,5621,016,0072,284,4675,090,95533,830,695
Accruals and Deferred Income224,800,000-96,200,000-3,100,000-2,000,000-3,736,031-15,724,83324,431,46676,754,010-36,974,96816,618,00226,611,3849,220,1327,226,4106,514,65121,177,779
Deferred Taxes & Provisions0400,0000500,000137,260-56,260277,402-117,233-317,457-36,245277,08563,95167735,1850
Cash flow from operations-600,0002,700,00027,600,00067,600,00033,116,47275,011,69113,896,991113,254,219-122,405,73636,378,3759,749,93015,072,020-11,758,487-1,037,187804,089
Investing Activities
capital expenditure-2,300,000-2,600,000-3,500,000-8,100,000-5,013,833-4,477,099-8,774,111-3,260,319-3,773,329-4,185,288-5,833,455-5,158,893-4,189,884-3,128,524-5,104,631
Change in Investments000000000000000
cash flow from investments-2,300,000-2,600,000-3,500,000-8,100,000-5,013,833-4,477,099-8,774,111-3,260,319-3,773,329-4,185,288-5,833,455-5,158,893-4,189,884-3,128,524-5,104,631
Financing Activities
Bank loans000000000000000
Group/Directors Accounts7,000,000-4,100,000-3,900,000-1,300,0001,902,382-1,317,5932,787,190-54,904,88360,832,904000-925,62723,398902,229
Other Short Term Loans 00000000-5,996,071-5,996,0711,238,774-11,373,18015,882,317248,1600
Long term loans00000000000-431,319-226,097657,4160
Hire Purchase and Lease Commitments100,000-800,0001,000,0000-154,306-320,220-395,173-934,213230,12215,314-297,793296,3751,568,225-30,11137,094
other long term liabilities0000000002,124,10700000
share issue-900,000-1,100,000500,0000260,6622,609,7464,287,785-7,240,21676,921,236-1,041,86200009,491,323
interest000100,000300,00036,928-120,594-309,880-318,387-305,688-287,472-511,406-848,652-288,630-169,554
cash flow from financing6,200,000-6,000,000-2,400,000-1,200,0002,308,7381,008,8616,559,208-63,389,192131,669,804-5,204,200653,509-12,019,53015,450,166610,23310,261,092
cash and cash equivalents
cash3,300,000-5,900,000-33,600,00018,300,00020,243,67912,711,151-8,317,91214,604,7085,490,73926,988,8872,634,681-408,766-11,155,6833,720,8358,076,568
overdraft0000000000-1,935,3031,697,637-10,657,4787,176,3133,718,831
change in cash3,300,000-5,900,000-33,600,00018,300,00020,243,67912,711,151-8,317,91214,604,7085,490,73926,988,8874,569,984-2,106,403-498,205-3,455,4784,357,737

cdw limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cdw Limited Competitor Analysis

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Perform a competitor analysis for cdw limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in EC4M area or any other competitors across 12 key performance metrics.

cdw limited Ownership

CDW LIMITED group structure

Cdw Limited has no subsidiary companies.

Ultimate parent company

CDW CORP

#0099683

2 parents

CDW LIMITED

02465350

CDW LIMITED Shareholders

kelway holdings ltd 100%

cdw limited directors

Cdw Limited currently has 7 directors. The longest serving directors include Ms Christina Corley (Mar 2018) and Mr Malcolm Pape (Dec 2020).

officercountryagestartendrole
Ms Christina CorleyUnited States56 years Mar 2018- Director
Mr Malcolm PapeIreland45 years Dec 2020- Director
Mr James HuppUnited Kingdom49 years Jan 2021- Director
Mr Peter LocyUnited States43 years Jun 2022- Director
Mr Thomas NesbitEngland47 years Nov 2022- Director
Ms Penelope WilliamsUnited Kingdom58 years Nov 2022- Director
Mrs Lorraine Van BartholdUnited Kingdom38 years May 2023- Director

P&L

December 2023

turnover

1.1b

-13%

operating profit

68.3m

-6%

gross margin

18.2%

+17.06%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

259.9m

+0.25%

total assets

571.8m

-0.05%

cash

29.7m

+0.13%

net assets

Total assets minus all liabilities

cdw limited company details

company number

02465350

Type

Private limited with Share Capital

industry

63990 - Other information service activities n.e.c.

incorporation date

January 1990

age

34

incorporated

UK

ultimate parent company

CDW CORP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

kelway limited (March 2016)

kelway (uk) limited (August 2013)

See more

accountant

-

auditor

ERNST & YOUNG LLP

address

3rd floor one new change, london, EC4M 9AF

Bank

BARCLAYS BANK PLC

Legal Advisor

-

cdw 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 7 charges/mortgages relating to cdw limited. Currently there are 0 open charges and 7 have been satisfied in the past.

charges

cdw limited Companies House Filings - See Documents

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