Towers Watson Software Limited

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towers watson software limited Company Information

Live

MatureMegaHealthy

Company Number

03318544

Website

http://emb.co.uk

Registered Address

watson house london road, reigate, surrey, RH2 9PQ

Industry

Other software publishing

Telephone

01737241144

Next Accounts Due

September 2025

Group Structure

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Directors

Stephen Brown2 Years

Sean Morley0 Years

View All

Shareholders

willis group limited 50%

ta i limited 50%

towers watson software limited Estimated Valuation

£304.7m

Pomanda estimates the enterprise value of TOWERS WATSON SOFTWARE LIMITED at £304.7m based on an EBITDA of £27.9m and a 10.91x industry multiple (adjusted for size and gross margin).

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Towers Watson Software Limited is a live company located in surrey, RH2 9PQ with a Companies House number of 03318544. It operates in the other software publishing sector, SIC Code 58290. Founded in February 1997, it's largest shareholder is willis group limited with a 50% stake. Towers Watson Software Limited is a mature, mega sized company, Pomanda has estimated its turnover at £169.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Towers Watson Software Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £169.4m, make it larger than the average company (£5.7m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.9%)

EXPORT

Towers Watson Software Limited's latest turnover from December 2023 is £169.4 million and the company has net assets of £130.9 million. According to their latest financial statements, Towers Watson Software Limited has 340 employees and maintains cash reserves of £306 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jan 2011	Apr 2010
Turnover	169,356,227	160,416,935	139,344,627	125,873,394	118,082,581	106,708,254	95,094,655	111,287,966	47,462,175	39,983,337	36,811,180	30,864,777	9,506,306	17,189,378	16,205,377
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	45,583,526	43,177,447	38,603,861	40,198,644	38,469,742	35,605,089	30,841,976	32,716,551	14,844,705	12,571,733	10,809,780	9,105,618	2,649,367	4,720,148	4,491,995
Gross Profit	123,772,701	117,239,488	100,740,766	85,674,750	79,612,839	71,103,165	64,252,679	78,571,415	32,617,470	27,411,604	26,001,400	21,759,159	6,856,939	12,469,230	11,713,382
Admin Expenses	95,858,724	80,526,772	57,217,648	75,833,856	62,042,758	52,216,531	42,091,817	47,474,248	29,229,921	24,457,716	22,979,221	19,581,584	-1,041,627	12,506,312	12,071,694
Operating Profit	27,913,977	36,712,716	43,523,118	9,840,894	17,570,081	18,886,634	22,160,862	31,097,167	3,387,549	2,953,888	3,022,179	2,177,575	7,898,566	-37,082	-358,312
Interest Payable	0	0	0	0	0	0	154,084	1,658,527	56,017	24,843	15,739	30,858	8,126	0	0
Interest Receivable	8,186,893	1,507,173	60,966	106,906	253,726	36,265	715,129	13,982	58,002	110,667	179,218	161,160	7,961	24,095	53,398
Pre-Tax Profit	36,100,870	38,219,889	43,624,534	9,947,800	17,823,807	24,908,061	24,402,978	28,476,161	2,144,685	3,279,436	3,185,658	2,307,877	7,898,401	-227,796	-395,327
Tax	-2,117,817	-2,260,243	-2,359,740	-410,689	-3,387,978	65,648	-4,666,091	-4,700,706	-1,387,305	-223,534	-20,566	-747,301	-2,116,062	-35,537	0
Profit After Tax	33,983,053	35,959,646	41,264,794	9,537,111	14,435,829	24,973,709	19,736,887	23,775,455	757,380	3,055,902	3,165,092	1,560,576	5,782,339	-263,333	-395,327
Dividends Paid	0	0	0	0	0	56,000,000	0	0	6,192,707	0	0	0	0	0	2,548,726
Retained Profit	33,983,053	35,959,646	41,264,794	9,537,111	14,435,829	-31,026,291	19,736,887	23,775,455	-5,435,327	3,055,902	3,165,092	1,560,576	5,782,339	-263,333	-2,944,053
Employee Costs	47,697,164	37,794,689	32,716,076	29,227,162	23,961,981	19,904,014	17,069,029	18,449,043	0	0	0	0	0	645,020	771,183
Number Of Employees	340	272	225	207	182	153	145	100	393	334	307	245	2	7	7
EBITDA*	27,913,977	39,741,574	47,183,851	21,115,219	30,089,872	34,093,399	37,868,355	50,758,710	4,203,116	2,953,888	3,022,179	2,177,575	7,898,566	28,917	-263,676

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jan 2011	Apr 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	37,788	44,045
Intangible Assets	0	0	10,084,000	13,744,733	25,019,058	37,538,849	52,745,614	68,453,107	38,777,434	0	0	0	0	0	575,885
Investments & Other	0	0	3,653,163	3,653,163	3,653,163	3,653,163	8,191,640	8,191,640	45,754,781	0	50,001	50,001	50,001	0	0
Debtors (Due After 1 year)	273,575	15,204	173,293	993,150	34,235	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	273,575	15,204	13,910,456	18,391,046	28,706,456	41,192,012	60,937,254	76,644,747	84,532,215	0	50,001	50,001	50,001	37,788	619,930
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	37,257,484	33,904,264	25,726,427	30,739,915	29,094,307	27,955,654	26,740,801	17,778,249	6,549,006	6,805,742	9,039,228	9,941,614	5,001,760	3,769,464	4,018,412
Group Debtors	205,629,164	165,446,541	119,360,705	93,563,542	72,612,645	33,092,813	62,578,633	22,371,018	6,677,690	31,734,036	18,917,898	37,734,383	9,834,064	388,810	3,682,186
Misc Debtors	12,606,510	6,933,615	1,801,618	601,642	613,869	89,788	466,036	41,691	7,000	110,244	65,594	142,437	1,008,034	2,521,459	2,247,440
Cash	305,954	324,244	90,868	361,936	1,166,245	1,441,861	950,752	639,120	116,296	108,623	661,964	645,154	2,182,264	2,518,528	2,046,956
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	255,799,112	206,608,664	146,979,618	125,267,035	103,487,066	62,580,116	90,736,222	40,830,078	13,349,992	38,758,645	28,684,684	48,463,588	18,026,122	9,198,261	11,994,994
total assets	256,072,687	206,623,868	160,890,074	143,658,081	132,193,522	103,772,128	151,673,476	117,474,825	97,882,207	38,758,645	28,734,685	48,513,589	18,076,123	9,236,049	12,614,924
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,251
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,056,779	626,733	402,752	107,412	198,738	79,299	36,873	54,387	26,492	8,160	13,986	29,426	30,972	15,516	21,512
Group/Directors Accounts	18,567,389	14,606,070	7,295,847	14,466,012	17,724,538	14,811,365	32,651,486	33,122,177	66,764,966	5,852,719	3,452,829	28,185,224	1,656,373	921,925	3,096,722
other short term finances	0	0	0	0	33,680	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	0
other current liabilities	104,548,944	94,597,427	82,165,876	74,662,117	69,449,495	58,532,416	57,537,419	42,416,233	24,867,310	21,837,136	17,263,142	15,459,303	13,109,718	10,562,666	8,834,419
total current liabilities	125,173,112	109,830,230	89,864,475	89,235,541	87,406,451	73,423,080	90,225,778	75,592,797	91,658,768	27,698,015	20,729,957	43,673,953	14,797,063	11,500,107	11,955,904
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,540,835
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	118,910
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,659,745
total liabilities	125,173,112	109,830,230	89,864,475	89,235,541	87,406,451	73,423,080	90,225,778	75,592,797	91,658,768	27,698,015	20,729,957	43,673,953	14,797,063	11,500,107	14,615,649
net assets	130,899,575	96,793,638	71,025,599	54,422,540	44,787,071	30,349,048	61,447,698	41,882,028	6,223,439	11,060,630	8,004,728	4,839,636	3,279,060	-2,264,058	-2,000,725
total shareholders funds	130,899,575	96,793,638	71,025,599	54,422,540	44,787,071	30,349,048	61,447,698	41,882,028	6,223,439	11,060,630	8,004,728	4,839,636	3,279,060	-2,264,058	-2,000,725

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jan 2011	Apr 2010
Operating Activities
Operating Profit	27,913,977	36,712,716	43,523,118	9,840,894	17,570,081	18,886,634	22,160,862	31,097,167	3,387,549	2,953,888	3,022,179	2,177,575	7,898,566	-37,082	-358,312
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	12,009	22,650
Amortisation	0	3,028,858	3,660,733	11,274,325	12,519,791	15,206,765	15,707,493	19,661,543	815,567	0	0	0	0	53,990	71,986
Tax	-2,117,817	-2,260,243	-2,359,740	-410,689	-3,387,978	65,648	-4,666,091	-4,700,706	-1,387,305	-223,534	-20,566	-747,301	-2,116,062	-35,537	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	49,467,109	59,237,581	21,163,794	23,543,193	41,216,801	-28,647,215	49,594,512	26,957,262	-25,416,326	10,627,302	-19,795,714	31,974,576	5,895,820	-3,268,305	9,948,038
Creditors	1,430,046	223,981	295,340	-91,326	119,439	42,426	-17,514	27,895	18,332	-5,826	-15,440	-1,546	9,460	-5,996	21,512
Accruals and Deferred Income	9,951,517	12,431,551	7,503,759	5,212,622	10,917,079	994,997	15,121,186	17,548,923	3,030,174	4,573,994	1,803,839	2,349,585	4,275,299	1,728,247	8,834,419
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	-118,910	-118,910	118,910
Cash flow from operations	-12,289,386	-9,100,718	31,459,416	2,282,633	-3,478,389	63,843,685	-1,288,576	36,677,560	31,280,643	-3,328,780	24,585,726	-28,196,263	4,052,533	4,865,026	-1,236,873
Investing Activities
capital expenditure	0	7,055,142	0	0	0	0	0	-49,337,216	-39,593,001	0	0	0	619,930	-5,751	-17,714
Change in Investments	0	-3,653,163	0	0	0	-4,538,477	0	-37,563,141	45,754,781	-50,001	0	0	50,001	0	0
cash flow from investments	0	10,708,305	0	0	0	4,538,477	0	-11,774,075	-85,347,782	50,001	0	0	569,929	-5,751	-17,714
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	3,961,319	7,310,223	-7,170,165	-3,258,526	2,913,173	-17,840,121	-470,691	-33,642,789	60,912,247	2,399,890	-24,732,395	26,528,851	-1,440,349	-2,174,797	3,096,722
Other Short Term Loans	0	0	0	-33,680	33,680	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	-2,540,835	-2,540,835	2,540,835
Hire Purchase and Lease Commitments	0	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	0
share issue	122,884	-10,191,607	-24,661,735	98,358	2,194	-72,359	-171,217	11,883,134	598,136	0	0	0	-502,554	0	943,328
interest	8,186,893	1,507,173	60,966	106,906	253,726	36,265	561,045	-1,644,545	1,985	85,824	163,479	130,302	-165	24,095	53,398
cash flow from financing	12,271,096	-1,374,211	-31,770,934	-3,086,942	3,202,773	-17,876,215	-80,863	-23,404,200	61,512,368	2,485,714	-24,568,916	26,659,153	-4,483,903	-4,691,537	6,634,283
cash and cash equivalents
cash	-18,290	233,376	-271,068	-804,309	-275,616	491,109	311,632	522,824	7,673	-553,341	16,810	-1,537,110	135,308	471,572	2,046,956
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	-3,251	-3,251	3,251
change in cash	-18,290	233,376	-271,068	-804,309	-275,616	491,109	311,632	522,824	7,673	-553,341	16,810	-1,537,110	138,559	474,823	2,043,705

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TOWERS WATSON SOFTWARE LIMITED group structure

Towers Watson Software Limited has no subsidiary companies.

Ultimate parent company

TOWERS WATSON SOFTWARE LIMITED

03318544

TOWERS WATSON SOFTWARE LIMITED Shareholders

willis group limited	50%
ta i limited	50%

Towers Watson Software Limited currently has 3 directors. The longest serving directors include Mr Stephen Brown (Dec 2021) and Mr Sean Morley (Jul 2024).

officer	country	age	start	end	role
Mr Stephen Brown	England	53 years	Dec 2021	-	Director
Mr Sean Morley	England	57 years	Jul 2024	-	Director
Mr Nigel Walder-Davis	England	48 years	Jul 2024	-	Director

P&L

December 2023

turnover

169.4m

+6%

operating profit

27.9m

-24%

gross margin

73.1%

turnover

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

Balance Sheet

December 2023

net assets

130.9m

+0.35%

total assets

256.1m

+0.24%

cash

306k

-0.06%

net assets

Total assets minus all liabilities

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company number

03318544

Type

Private limited with Share Capital

industry

58290 - Other software publishing

incorporation date

February 1997

ultimate parent company

None

previous names

e m b software limited (March 2011)

ewb limited (May 1998)

address

watson house london road, reigate, surrey, RH2 9PQ

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 1 charges/mortgages relating to towers watson software limited. Currently there are 0 open charges and 1 have been satisfied in the past.

towers watson software limited Company Information

towers watson software limited Estimated Valuation

towers watson software limited Estimated Valuation

towers watson software limited Estimated Valuation

Towers Watson Software Limited Overview

Towers Watson Software Limited Health Check

TOWERS WATSON SOFTWARE LIMITED financials

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towers watson software limited Ownership

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