wells developments ltd.
wells developments ltd. Company Information
Company Number
02947234
Next Accounts
103 days late
Shareholders
valerie diane wells
david john wells
Group Structure
View All
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
20 cadogan park woodstock, oxford, oxfordshire, OX20 1UW
Website
www.wellsdevelopments.co.ukwells developments ltd. Estimated Valuation
Pomanda estimates the enterprise value of WELLS DEVELOPMENTS LTD. at £358.6k based on a Turnover of £1.2m and 0.3x industry multiple (adjusted for size and gross margin).
wells developments ltd. Estimated Valuation
Pomanda estimates the enterprise value of WELLS DEVELOPMENTS LTD. at £0 based on an EBITDA of £-10.7k and a 2.98x industry multiple (adjusted for size and gross margin).
wells developments ltd. Estimated Valuation
Pomanda estimates the enterprise value of WELLS DEVELOPMENTS LTD. at £0 based on Net Assets of £-63.2k and 2.13x industry multiple (adjusted for liquidity).
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Wells Developments Ltd. Overview
Wells Developments Ltd. is a live company located in oxfordshire, OX20 1UW with a Companies House number of 02947234. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 1994, it's largest shareholder is valerie diane wells with a 50% stake. Wells Developments Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Wells Developments Ltd. Health Check
Pomanda's financial health check has awarded Wells Developments Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£6.5m)
- Wells Developments Ltd.
£6.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 74%, show it is growing at a faster rate (6.3%)
- Wells Developments Ltd.
6.3% - Industry AVG
Production
with a gross margin of 14%, this company has a higher cost of product (24.9%)
- Wells Developments Ltd.
24.9% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (6%)
- Wells Developments Ltd.
6% - Industry AVG
Employees
with 2 employees, this is below the industry average (29)
2 - Wells Developments Ltd.
29 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has an equivalent pay structure (£45.6k)
- Wells Developments Ltd.
£45.6k - Industry AVG
Efficiency
resulting in sales per employee of £600.7k, this is more efficient (£188.7k)
- Wells Developments Ltd.
£188.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (57 days)
- Wells Developments Ltd.
57 days - Industry AVG
Creditor Days
its suppliers are paid after 273 days, this is slower than average (39 days)
- Wells Developments Ltd.
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wells Developments Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Wells Developments Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.8%, this is a higher level of debt than the average (62.2%)
108.8% - Wells Developments Ltd.
62.2% - Industry AVG
WELLS DEVELOPMENTS LTD. financials
Wells Developments Ltd.'s latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of -£63.2 thousand. According to their latest financial statements, Wells Developments Ltd. has 2 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 | 2 | 2 | 2 | 2 | ||||||||||
| 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 | 572 | 716 | 895 | 1,622 | 2,027 | 2,222 | 1,489 | 3,758 | 4,855 | 6,279 | 7,642 | 9,927 | 9,555 | 12,059 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 714,351 | 714,229 | 724,139 | 212,500 | 162,500 | 170,000 | ||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 714,923 | 714,945 | 725,034 | 1,622 | 214,527 | 164,722 | 171,489 | 3,758 | 4,855 | 6,279 | 7,642 | 9,927 | 9,555 | 12,059 |
| Stock & work in progress | 423,329 | 351,589 | 834 | 68,000 | 77,881 | |||||||||
| Trade Debtors | 872 | 7,308 | 33,638 | 26,520 | 543,688 | 69,571 | 36,402 | 5,761 | 12,795 | 1,461 | 11,292 | 480 | 197,817 | 192,285 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 10 | 56 | ||||||||||||
| Cash | 213,052 | 332,746 | 3,594 | 31 | 44,410 | 15,219 | 206 | |||||||
| misc current assets | 141 | 68 | 47 | |||||||||||
| total current assets | 882 | 7,364 | 33,638 | 26,520 | 543,829 | 69,639 | 36,449 | 218,813 | 345,541 | 428,384 | 362,912 | 45,724 | 281,036 | 270,372 |
| total assets | 715,805 | 722,309 | 758,672 | 28,142 | 758,356 | 234,361 | 207,938 | 222,571 | 350,396 | 434,663 | 370,554 | 55,651 | 290,591 | 282,431 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 773,364 | 769,646 | 794,838 | 90,903 | 810,330 | 294,097 | 252,816 | 2,212 | 27,510 | 4,093 | 4,954 | 22,278 | 61,138 | 143,357 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | ||||||||||||||
| total current liabilities | 773,364 | 769,646 | 794,838 | 90,903 | 810,330 | 294,097 | 252,816 | 2,212 | 27,510 | 4,093 | 4,954 | 22,278 | 61,138 | 143,357 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | 5,680 | 5,180 | 4,180 | 3,180 | 2,122 | 2,122 | 2,150 | |||||||
| other liabilities | 242,865 | 322,766 | 480,579 | 369,595 | 3 | 130,785 | 7,350 | |||||||
| provisions | ||||||||||||||
| total long term liabilities | 5,680 | 5,180 | 4,180 | 3,180 | 2,122 | 2,122 | 2,150 | 242,865 | 322,766 | 480,579 | 369,595 | 3 | 130,785 | 7,350 |
| total liabilities | 779,044 | 774,826 | 799,018 | 94,083 | 812,452 | 296,219 | 254,966 | 245,077 | 350,276 | 484,672 | 374,549 | 22,281 | 191,923 | 150,707 |
| net assets | -63,239 | -52,517 | -40,346 | -65,941 | -54,096 | -61,858 | -47,028 | -22,506 | 120 | -50,009 | -3,995 | 33,370 | 98,668 | 131,724 |
| total shareholders funds | -63,239 | -52,517 | -40,346 | -65,941 | -54,096 | -61,858 | -47,028 | -22,506 | 120 | -50,009 | -3,995 | 33,370 | 98,668 | 131,724 |
| 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 | 1,097 | 1,424 | 1,754 | 2,285 | 2,981 | 3,055 | 3,903 | |||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | -423,329 | 71,740 | 350,755 | -67,166 | -9,881 | 77,881 | ||||||||
| Debtors | -6,482 | -26,274 | 7,118 | -517,168 | 474,117 | 33,169 | 30,641 | -7,034 | 11,334 | -9,831 | 10,812 | -197,337 | 5,532 | 192,285 |
| Creditors | 3,718 | -25,192 | 703,935 | -719,427 | 516,233 | 41,281 | 250,604 | -25,298 | 23,417 | -861 | -17,324 | -38,860 | -82,219 | 143,357 |
| Accruals and Deferred Income | 500 | 1,000 | 1,000 | 1,058 | -28 | 2,150 | ||||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 122 | -9,910 | 724,139 | -212,500 | 50,000 | -7,500 | 170,000 | |||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -242,865 | -79,901 | -157,813 | 110,984 | 369,592 | -130,782 | 123,435 | 7,350 | ||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -213,052 | -119,694 | 329,152 | 3,563 | -44,379 | 29,191 | 15,013 | 206 | ||||||
| overdraft | ||||||||||||||
| change in cash | -213,052 | -119,694 | 329,152 | 3,563 | -44,379 | 29,191 | 15,013 | 206 |
wells developments ltd. Credit Report and Business Information
Wells Developments Ltd. Competitor Analysis
Perform a competitor analysis for wells developments ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in OX20 area or any other competitors across 12 key performance metrics.
wells developments ltd. Ownership
WELLS DEVELOPMENTS LTD. group structure
Wells Developments Ltd. has no subsidiary companies.
Ultimate parent company
WELLS DEVELOPMENTS LTD.
02947234
wells developments ltd. directors
Wells Developments Ltd. currently has 2 directors. The longest serving directors include Mr David Wells (Jul 1994) and Ms Valerie Wells (Jul 1994).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Wells | United Kingdom | 73 years | Jul 1994 | - | Director |
| Ms Valerie Wells | United Kingdom | 67 years | Jul 1994 | - | Director |
P&L
March 2023turnover
1.2m
+4%
operating profit
-10.7k
0%
gross margin
14.1%
-1.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-63.2k
+0.2%
total assets
715.8k
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
wells developments ltd. company details
company number
02947234
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
July 1994
age
31
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
20 cadogan park woodstock, oxford, oxfordshire, OX20 1UW
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
wells developments ltd. 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 did not find charges/mortgages relating to wells developments ltd..
wells developments ltd. 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 WELLS DEVELOPMENTS LTD.. This can take several minutes, an email will notify you when this has completed.
wells developments ltd. Companies House Filings - See Documents
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