Able Waterproofing Limited

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able waterproofing limited Company Information

Live

MatureSmallLow

Company Number

02964896

Next Accounts

Nov 2025

Industry

Roofing activities

Directors

James Foster

Simon Foster

View All

Shareholders

fosprop limited

jerry cheney

Group Structure

View All

Contact

Registered Address

3a mitcham road, croydon, surrey, CR0 3RU

Website

www.ablewaterproofing.co.uk

able waterproofing limited Estimated Valuation

£902.4k

Pomanda estimates the enterprise value of ABLE WATERPROOFING LIMITED at £902.4k based on a Turnover of £2m and 0.46x industry multiple (adjusted for size and gross margin).

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Able Waterproofing Limited is a live company located in surrey, CR0 3RU with a Companies House number of 02964896. It operates in the roofing activities sector, SIC Code 43910. Founded in September 1994, it's largest shareholder is fosprop limited with a 99.2% stake. Able Waterproofing Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with low growth in recent years.

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Pomanda's financial health check has awarded Able Waterproofing 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

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2m, make it larger than the average company (£681.5k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (14.4%)

EXPORT

Able Waterproofing Limited's latest turnover from February 2024 is estimated at £2 million and the company has net assets of £55.2 thousand. According to their latest financial statements, Able Waterproofing Limited has 4 employees and maintains cash reserves of £56.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,960,840	1,840,575	1,409,142	1,789,331	2,543,484	2,101,068	2,116,749	2,675,117	2,393,410	2,025,253	1,423,461	1,442,791	1,281,955	1,531,860	2,378,563
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,411,408	1,374,494	1,006,141	1,286,232	1,868,902	1,502,441	1,557,223	1,962,656	1,731,121	1,496,906	1,017,500	987,212	891,901	1,038,231	1,713,197
Gross Profit	549,432	466,082	403,001	503,100	674,582	598,626	559,526	712,461	662,289	528,348	405,960	455,578	390,054	493,629	665,366
Admin Expenses	477,791	492,043	317,567	505,754	562,660	714,203	578,550	711,646	617,048	502,175	406,628	527,780	357,607	460,965	612,453
Operating Profit	71,641	-25,961	85,434	-2,654	111,922	-115,577	-19,024	815	45,241	26,173	-668	-72,202	32,447	32,664	52,913
Interest Payable	53,262	12,675	8,392	4,915	2,017	0	699	2,321	1,715	0	0	3,382	7,659	4,278	0
Interest Receivable	2,741	968	12	3	37	481	422	61	22	26	7	132	128	3	3
Pre-Tax Profit	21,120	-37,668	77,053	-7,567	109,942	-115,096	-19,301	-1,445	43,549	26,199	-661	-75,452	24,916	28,389	52,915
Tax	-5,280	0	-14,640	0	-20,889	0	0	0	-8,710	-5,502	0	0	-6,478	-7,949	-14,816
Profit After Tax	15,840	-37,668	62,413	-7,567	89,053	-115,096	-19,301	-1,445	34,839	20,697	-661	-75,452	18,438	20,440	38,099
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	15,840	-37,668	62,413	-7,567	89,053	-115,096	-19,301	-1,445	34,839	20,697	-661	-75,452	18,438	20,440	38,099
Employee Costs	188,233	167,734	144,609	147,310	155,579	148,423	120,029	138,282	334,514	278,473	229,447	231,351	198,885	297,434	412,654
Number Of Employees	4	4	4	4	4	4	4	4	9	8	7	7	6	10	13
EBITDA*	83,540	-16,613	102,392	11,548	128,315	-99,184	1,728	17,989	62,415	42,067	15,226	-50,338	54,311	48,992	69,101

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	1,328,480	27,629	36,977	21,003	313,293	329,686	334,363	334,469	351,643	331,547	347,441	311,398	333,262	355,126	306,734
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,328,480	27,629	36,977	21,003	313,293	329,686	334,363	334,469	351,643	331,547	347,441	311,398	333,262	355,126	306,734
Stock & work in progress	151,300	121,300	127,250	238,750	282,580	265,087	245,004	337,778	286,264	182,560	354	1,172	11,916	26,249	24,958
Trade Debtors	41,873	88,417	128,898	65,821	189,639	31,512	65,516	103,595	57,963	59,313	189,502	172,843	190,244	195,865	303,647
Group Debtors	0	507,447	507,447	428,878	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	44,562	86,379	139,494	147,149	131,270	45,422	24,116	0	0	0	0	0	0	0	0
Cash	56,411	48,013	396	4,348	1,401	8,402	119,926	48,680	0	8,946	1,351	1,344	51,344	0	1,086
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	294,146	851,556	903,485	884,946	604,890	350,423	454,562	490,053	344,227	250,819	191,207	175,359	253,504	222,114	329,691
total assets	1,622,626	879,185	940,462	905,949	918,183	680,109	788,925	824,522	695,870	582,366	538,648	486,757	586,766	577,240	636,425
Bank overdraft	16,667	16,667	73,502	59,725	59,769	0	0	0	3,254	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	635,278	653,191	583,054	588,670	685,686	611,380	580,294	555,070	358,679	471,642	422,248	396,199	393,242	374,573	426,300
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	22,871	22,871	25,788	43,662	50,421	58,838	56,062	50,446	65,627	0	0	0	0	0	0
other current liabilities	39,979	42,273	69,168	157,581	100,096	76,733	104,315	129,949	149,910	0	0	0	0	0	0
total current liabilities	714,795	735,002	751,512	849,638	895,972	746,951	740,671	735,465	577,470	471,642	422,248	396,199	393,242	374,573	426,300
loans	833,553	80,000	83,333	41,667	0	0	0	21,502	49,500	0	0	0	104,047	131,628	0
hp & lease commitments	19,049	24,794	28,560	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	0
other liabilities	0	0	0	0	0	0	0	0	0	76,663	103,036	76,533	0	0	159,526
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	852,602	104,794	111,893	41,667	0	0	0	21,502	49,500	76,663	103,036	76,533	104,047	131,628	159,526
total liabilities	1,567,397	839,796	863,405	891,305	895,972	746,951	740,671	756,967	626,970	548,305	525,284	472,732	497,289	506,201	585,826
net assets	55,229	39,389	77,057	14,644	22,211	-66,842	48,254	67,555	68,900	34,061	13,364	14,025	89,477	71,039	50,599
total shareholders funds	55,229	39,389	77,057	14,644	22,211	-66,842	48,254	67,555	68,900	34,061	13,364	14,025	89,477	71,039	50,599

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	71,641	-25,961	85,434	-2,654	111,922	-115,577	-19,024	815	45,241	26,173	-668	-72,202	32,447	32,664	52,913
Depreciation	11,899	9,348	16,958	14,202	16,393	16,393	20,752	17,174	17,174	15,894	15,894	21,864	21,864	16,328	16,188
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,280	0	-14,640	0	-20,889	0	0	0	-8,710	-5,502	0	0	-6,478	-7,949	-14,816
Stock	30,000	-5,950	-111,500	-43,830	17,493	20,083	-92,774	51,514	103,704	182,206	-818	-10,744	-14,333	1,291	24,958
Debtors	-595,808	-93,596	133,991	320,939	243,975	-12,698	-13,963	45,632	-1,350	-130,189	16,659	-17,401	-5,621	-107,782	303,647
Creditors	-17,913	70,137	-5,616	-97,016	74,306	31,086	25,224	196,391	-112,963	49,394	26,049	2,957	18,669	-51,727	426,300
Accruals and Deferred Income	-2,294	-26,895	-88,413	57,485	23,363	-27,582	-25,634	-19,961	149,910	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	623,861	126,175	-28,768	-305,092	-56,373	-103,065	108,055	97,273	-11,702	33,942	25,434	-19,236	86,456	95,807	151,980
Investing Activities
capital expenditure	-1,312,750	0	-32,932	278,088	0	-11,716	-20,646	0	-37,270	0	-51,937	0	0	-64,720	-322,922
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,312,750	0	-32,932	278,088	0	-11,716	-20,646	0	-37,270	0	-51,937	0	0	-64,720	-322,922
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	753,553	-3,333	41,666	41,667	0	0	-21,502	-27,998	49,500	0	0	-104,047	-27,581	131,628	0
Hire Purchase and Lease Commitments	-5,745	-6,683	10,686	-6,759	-8,417	2,776	5,616	-15,181	65,627	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-76,663	-26,373	26,503	76,533	0	-159,526	159,526
share issue	0	0	0	0	0	0	0	100	0	0	0	0	0	0	12,500
interest	-50,521	-11,707	-8,380	-4,912	-1,980	481	-277	-2,260	-1,693	26	7	-3,250	-7,531	-4,275	3
cash flow from financing	697,287	-21,723	43,972	29,996	-10,397	3,257	-16,163	-45,339	36,771	-26,347	26,510	-30,764	-35,112	-32,173	172,029
cash and cash equivalents
cash	8,398	47,617	-3,952	2,947	-7,001	-111,524	71,246	48,680	-8,946	7,595	7	-50,000	51,344	-1,086	1,086
overdraft	0	-56,835	13,777	-44	59,769	0	0	-3,254	3,254	0	0	0	0	0	0
change in cash	8,398	104,452	-17,729	2,991	-66,770	-111,524	71,246	51,934	-12,200	7,595	7	-50,000	51,344	-1,086	1,086

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABLE WATERPROOFING LIMITED group structure

Able Waterproofing Limited has no subsidiary companies.

Ultimate parent company

ABLE WATERPROOFING LIMITED

02964896

ABLE WATERPROOFING LIMITED Shareholders

fosprop limited	99.21%
jerry cheney	0.79%

Able Waterproofing Limited currently has 3 directors. The longest serving directors include Mr James Foster (Sep 1994) and Mr Simon Foster (Nov 2007).

officer	country	age	start	end	role
Mr James Foster	England	76 years	Sep 1994	-	Director
Mr Simon Foster	England	58 years	Nov 2007	-	Director
Mr Jerome Cheney		67 years	Mar 2017	-	Director

P&L

February 2024

turnover

+7%

operating profit

71.6k

gross margin

28.1%

+10.65%

turnover

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

Balance Sheet

February 2024

net assets

55.2k

+0.4%

total assets

1.6m

+0.85%

cash

56.4k

+0.17%

net assets

Total assets minus all liabilities

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4.5

company number

02964896

Type

Private limited with Share Capital

industry

43910 - Roofing activities

incorporation date

September 1994

ultimate parent company

None

previous names

N/A

address

3a mitcham road, croydon, surrey, CR0 3RU

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 3 charges/mortgages relating to able waterproofing limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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.

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able waterproofing limited Company Information

able waterproofing limited Estimated Valuation

able waterproofing limited Estimated Valuation

able waterproofing limited Estimated Valuation

Able Waterproofing Limited Overview

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ABLE WATERPROOFING LIMITED financials

able waterproofing limited Credit Report and Business Information

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able waterproofing limited Ownership

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