Pomanda estimates the enterprise value of WATKIN DEVELOPMENTS LIMITED at £5.2m based on a Turnover of £5.3m and 1x industry multiple (adjusted for size and gross margin).
watkin developments limitedEstimated Valuation
£17.4m
Pomanda estimates the enterprise value of WATKIN DEVELOPMENTS LIMITED at £17.4m based on an EBITDA of £2.2m and a 7.9x industry multiple (adjusted for size and gross margin).
watkin developments limitedEstimated Valuation
£51m
Pomanda estimates the enterprise value of WATKIN DEVELOPMENTS LIMITED at £51m based on Net Assets of £39m and 1.31x industry multiple (adjusted for liquidity).
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Watkin Developments LimitedOverview
Watkin Developments Limited is a live company located in bangor, LL57 4FH with a Companies House number of 03520556. It operates in the non-trading company sector, SIC Code 74990. Founded in February 1998, it's largest shareholder is
watkin property ventures investments no2 limited
with a 100% stake. Watkin Developments Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£5.3m with
declining
growth in recent years.
Pomanda's financial health check has awarded Watkin Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
1 Regular
4 Weak
Size
annual sales of £5.3m, make it larger than the average company (£3.6m)
£5.3m - Watkin Developments Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (5.1%)
-16% - Watkin Developments Limited
5.1% - Industry AVG
Production
with a gross margin of 78.3%, this company has a lower cost of product (34.3%)
78.3% - Watkin Developments Limited
34.3% - Industry AVG
Profitability
an operating margin of 41.6% make it more profitable than the average company (4.8%)
41.6% - Watkin Developments Limited
4.8% - Industry AVG
Employees
with 21 employees, this is below the industry average (43)
21 - Watkin Developments Limited
43 - Industry AVG
Pay Structure
on an average salary of £47.6k, the company has an equivalent pay structure (£40.2k)
£47.6k - Watkin Developments Limited
£40.2k - Industry AVG
Efficiency
resulting in sales per employee of £250.1k, this is more efficient (£148.6k)
£250.1k - Watkin Developments Limited
£148.6k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (41 days)
0 days - Watkin Developments Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 119 days, this is slower than average (40 days)
119 days - Watkin Developments Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 148 days, this is more than average (44 days)
148 days - Watkin Developments Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is less cash available to meet short term requirements (33 weeks)
13 weeks - Watkin Developments Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.1%, this is a lower level of debt than the average (47.6%)
26.1% - Watkin Developments Limited
47.6% - Industry AVG
WATKIN DEVELOPMENTS LIMITED financials
EXPORT
Watkin Developments Limited's latest turnover from September 2023 is £5.3 million and the company has net assets of £39 million. According to their latest financial statements, Watkin Developments Limited has 21 employees and maintains cash reserves of £939.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
5,251,728
6,423,676
4,826,881
9,003,138
2,916,400
4,783,442
3,962,729
2,914,295
14,335,792
797,425
2,364,988
13,579,694
9,790,255
1,438,470
27,086,275
Other Income Or Grants
Cost Of Sales
1,139,143
1,686,353
721,780
6,457,833
-2,116,036
2,149,311
1,599,853
246,599
8,167,601
-820,311
1,226,006
13,453,051
8,073,336
857,766
24,549,229
Gross Profit
4,112,585
4,737,323
4,105,101
2,545,305
5,032,436
2,634,131
2,362,876
2,667,696
6,168,191
1,617,736
1,138,982
126,643
1,716,919
580,704
2,537,046
Admin Expenses
1,927,652
1,860,654
1,477,596
136,741
147,138
748,199
386,243
307,211
-573,969
-1,590,572
34,979
-4,187,534
-677,624
-682,794
-131,153
Operating Profit
2,184,933
2,876,669
2,627,505
2,408,564
4,885,298
1,885,932
1,976,633
2,360,485
6,742,160
3,208,308
1,104,003
4,314,177
2,394,543
1,263,498
2,668,199
Interest Payable
1,233,473
1,097,465
1,445,819
1,457,352
1,863,400
1,470,272
878,661
812,006
870,916
594,133
634,269
1,169,932
1,244,093
1,338,781
2,228,450
Interest Receivable
16,267
12,613
7,709
21,877
2,289
4,052
9,637
27,384
23,969
32,974
22,774
511
160,560
168,332
349,799
Pre-Tax Profit
1,591,559
3,749,843
2,160,665
4,908,756
3,097,946
901,898
1,892,306
546,339
6,040,329
2,774,941
609,688
3,263,166
1,350,376
93,049
1,195,276
Tax
-415,684
-789,265
-315,323
-1,019,667
-753,073
-914,137
59,596
-160,086
-1,214,858
-423,953
-181,081
-1,135,671
-374,776
-55,782
-246,699
Profit After Tax
1,175,875
2,960,578
1,845,342
3,889,089
2,344,873
-12,239
1,951,902
386,253
4,825,471
2,350,988
428,607
2,127,495
975,600
37,267
948,577
Dividends Paid
24,870
134,870
239,105
Retained Profit
1,175,875
2,960,578
1,845,342
3,889,089
2,344,873
-12,239
1,927,032
251,383
4,586,366
2,350,988
428,607
2,127,495
975,600
37,267
948,577
Employee Costs
999,395
893,361
806,023
770,924
496,624
307,505
303,113
581,122
661,222
568,299
514,958
464,377
1,526,264
1,153,156
552,489
Number Of Employees
21
20
17
17
11
8
7
26
28
24
25
23
53
44
14
EBITDA*
2,201,617
2,893,531
2,644,335
2,422,618
4,974,429
1,938,914
1,977,867
2,361,220
6,744,667
3,222,739
1,125,171
4,505,129
2,579,843
1,446,985
2,701,237
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
71,378
73,326
80,953
90,758
92,829
1,192,132
1,234,147
1,236,698
1,360,513
1,445,643
131,089
Intangible Assets
524,185
471,298
615
1,849
2,584
3,319
7,391
11,463
520,041
587,178
23,684
Investments & Other
23,778,210
23,778,210
23,778,210
23,778,210
20,378,921
20,378,921
21,832,965
21,832,965
21,852,965
1,953,315
1,953,315
1,953,315
1,953,316
3,600
1,169,314
Debtors (Due After 1 year)
111,825
263,135
956,380
1,115,777
1,675,429
1,788,907
1,593,967
15,186,961
15,830,773
15,355,762
Total Fixed Assets
23,849,588
23,851,536
23,970,988
24,132,103
21,952,315
21,965,996
23,509,009
23,623,721
23,449,516
18,335,727
19,025,626
18,557,238
3,833,870
2,036,421
1,324,087
Stock & work in progress
463,823
465,819
981,951
1,092,176
33,289,450
30,736,141
6,099,051
5,547,816
4,658,916
31,049,642
30,015,111
30,902,403
43,533,461
53,772,357
49,923,803
Trade Debtors
11,326
34,481
26,236
47,070
438,341
293,455
157,464
110,680
188,728
749,573
59,096
55,197
790,160
260,964
203,779
Group Debtors
25,428,475
26,338,725
19,528,413
31,726,484
25,873,974
21,762,445
19,558,602
19,611,904
17,927,410
11,452,583
11,350,602
11,686,363
Misc Debtors
2,126,361
264,849
307,287
192,622
790,347
339,825
224,529
123,652
257,163
447,633
241,377
788,706
366,647
724,623
710,763
Cash
939,131
1,800,345
7,260,327
11,162,005
13,978,121
2,550,594
2,619,309
2,830,213
7,505,271
3,113,447
3,726,614
4,206,764
632,145
3,560,471
5,264,987
misc current assets
total current assets
28,969,116
28,904,219
28,104,214
44,220,357
74,370,233
55,682,460
28,658,955
28,224,265
30,537,488
35,360,295
34,042,198
35,953,070
56,774,996
69,669,017
67,789,695
total assets
52,818,704
52,755,755
52,075,202
68,352,460
96,322,548
77,648,456
52,167,964
51,847,986
53,987,004
53,696,022
53,067,824
54,510,308
60,608,866
71,705,438
69,113,782
Bank overdraft
125,708
256,402
344,974
Bank loan
975,000
975,000
975,000
975,000
975,000
975,000
975,000
975,509
1,141,063
7,355,690
1,583,516
2,009,844
10,839,527
9,264,238
8,740,535
Trade Creditors
373,341
237,526
71,197
136,607
147,935
173,462
129,405
150,838
373,965
128,334
160,764
158,255
315,314
269,428
166,168
Group/Directors Accounts
740,681
777,878
541,218
645,045
2,150,754
2,165,989
2,111,210
2,015,791
5,600,783
2,212,506
2,079,829
other short term finances
1,350,049
489,751
179,212
165,000
hp & lease commitments
3,157
32,727
47,180
34,463
36,042
other current liabilities
1,538,452
1,554,672
1,680,781
1,388,537
2,413,562
1,817,487
1,657,301
1,491,919
3,607,142
3,520,253
3,177,748
2,959,489
2,482,864
4,639,212
4,747,122
total current liabilities
3,627,474
3,545,076
3,268,196
3,145,189
7,037,300
5,621,689
5,052,128
4,799,057
10,722,953
11,004,277
4,925,185
5,160,315
13,810,593
16,676,249
16,114,670
loans
7,687,859
9,286,691
12,219,717
30,515,987
56,186,250
41,385,059
19,692,556
21,674,507
21,690,688
18,118,987
25,156,078
26,110,044
25,741,975
35,425,582
33,414,388
hp & lease commitments
3,156
40,633
41,774
45,078
Accruals and Deferred Income
917,124
802,485
1,637,276
2,246,115
2,004,869
1,349,440
1,444,520
other liabilities
provisions
2,460,400
2,056,892
1,680,771
1,630,108
1,727,632
1,615,215
1,758,837
1,809,434
80,000
total long term liabilities
10,148,259
11,343,583
13,900,488
32,146,095
57,913,882
43,000,274
21,451,393
23,483,941
22,687,812
18,921,472
26,793,354
28,359,315
27,787,477
36,816,796
34,903,986
total liabilities
13,775,733
14,888,659
17,168,684
35,291,284
64,951,182
48,621,963
26,503,521
28,282,998
33,410,765
29,925,749
31,718,539
33,519,630
41,598,070
53,493,045
51,018,656
net assets
39,042,971
37,867,096
34,906,518
33,061,176
31,371,366
29,026,493
25,664,443
23,564,988
20,576,239
23,770,273
21,349,285
20,990,678
19,010,796
18,212,393
18,095,126
total shareholders funds
39,042,971
37,867,096
34,906,518
33,061,176
31,371,366
29,026,493
25,664,443
23,564,988
20,576,239
23,770,273
21,349,285
20,990,678
19,010,796
18,212,393
18,095,126
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
2,184,933
2,876,669
2,627,505
2,408,564
4,885,298
1,885,932
1,976,633
2,360,485
6,742,160
3,208,308
1,104,003
4,314,177
2,394,543
1,263,498
2,668,199
Depreciation
16,684
16,862
16,830
14,054
9,517
1,772
10,359
17,096
123,815
118,163
116,351
29,334
Amortisation
79,614
52,982
1,234
735
735
4,072
4,072
67,137
67,137
67,136
3,704
Tax
-415,684
-789,265
-315,323
-1,019,667
-753,073
-914,137
59,596
-160,086
-1,214,858
-423,953
-181,081
-1,135,671
-374,776
-55,782
-246,699
Stock
-1,996
-516,132
-110,225
-32,197,274
2,553,309
24,637,090
551,235
888,900
-26,390,726
1,034,531
-887,292
-12,631,058
-10,238,896
3,848,554
49,923,803
Debtors
928,107
6,664,294
-12,255,550
4,170,269
4,547,540
1,895,478
-19,119
1,667,875
3,583,101
252,921
-68,419
3,590,275
273,201
-264,716
12,600,905
Creditors
135,815
166,329
-65,410
-11,328
-25,527
44,057
-21,433
-223,127
245,631
-32,430
2,509
-157,059
45,886
103,260
166,168
Accruals and Deferred Income
-16,220
-126,109
292,244
-1,025,025
596,075
160,186
165,382
-3,032,347
201,528
-492,286
-390,580
717,871
-1,500,919
-202,990
6,191,642
Deferred Taxes & Provisions
403,508
376,121
50,663
-97,524
112,417
-143,622
-50,597
1,729,434
80,000
Cash flow from operations
1,382,925
-3,627,555
14,972,284
28,296,079
-2,196,528
-25,447,170
1,598,699
-1,881,681
28,864,593
986,618
1,511,730
12,971,053
10,715,729
-2,292,365
-53,712,360
Investing Activities
capital expenditure
-26,696,874
117,180
3,003
134,125
42,268
118,411
-1,954,814
-6,680
-20,325
Change in Investments
3,399,289
-1,454,044
-20,000
19,899,650
-1
1,949,716
-1,165,714
1,169,314
cash flow from investments
-3,399,289
-25,242,830
117,180
23,003
-19,765,525
42,268
118,412
-3,904,530
1,159,034
-1,189,639
Financing Activities
Bank loans
-509
-165,554
-6,214,627
5,772,174
-426,328
-8,829,683
1,575,289
523,703
8,740,535
Group/Directors Accounts
-37,197
236,660
-103,827
-1,505,709
-15,235
54,779
95,419
-3,584,992
5,600,783
-2,212,506
132,677
2,079,829
Other Short Term Loans
-1,350,049
860,298
310,539
14,212
165,000
Long term loans
-1,598,832
-2,933,026
-18,296,270
-25,670,263
14,801,191
21,692,503
-1,981,951
-16,181
3,571,701
-7,037,091
-953,966
368,069
-9,683,607
2,011,194
33,414,388
Hire Purchase and Lease Commitments
-3,157
-32,726
-51,930
11,576
-4,883
81,120
other long term liabilities
share issue
-2,199,279
3,374,289
172,423
2,737,366
-7,780,400
70,000
-70,000
-147,613
-177,197
80,000
17,146,549
interest
-1,217,206
-1,084,852
-1,438,110
-1,435,475
-1,861,111
-1,466,220
-869,024
-784,622
-846,947
-561,159
-611,495
-1,169,421
-1,083,533
-1,170,449
-1,878,651
cash flow from financing
-2,853,235
-3,781,218
-19,838,207
-32,160,775
13,785,143
23,965,890
-2,569,430
-1,648,983
-5,669,490
-1,759,233
-2,094,515
-9,830,578
-11,569,978
1,572,242
59,583,770
cash and cash equivalents
cash
-861,214
-5,459,982
-3,901,678
-2,816,116
11,427,527
-68,715
-210,904
-4,675,058
4,391,824
-613,167
-480,150
3,574,619
-2,928,326
-1,704,516
5,264,987
overdraft
-125,708
-130,694
-88,572
344,974
change in cash
-861,214
-5,459,982
-3,901,678
-2,816,116
11,427,527
-68,715
-210,904
-4,675,058
4,391,824
-613,167
-480,150
3,700,327
-2,797,632
-1,615,944
4,920,013
watkin developments 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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watkin developments limited Ownership
WATKIN DEVELOPMENTS LIMITED group structure
Watkin Developments Limited has 1 subsidiary company.
The sole shareholder of Watkin Developments Limited is Watkin Property Ventures Investments No2 Limited.
watkin property ventures investments no2 limited
100%
watkin developments limited directors
Watkin Developments Limited currently has 4 directors.
The longest serving directors include
Mr Glyn Watkin Jones (Feb 1998) and
Mr Mark Watkin Jones (Feb 1998).
heritage holdings (north wales) limited (October 2020)
accountant
-
auditor
JACKSON STEPHEN LLP
address
unit 6 llys castan, parc menai business park, bangor, LL57 4FH
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
watkin developments 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 2 charges/mortgages relating to watkin developments limited. Currently there are 0 open charges and 2 have been satisfied in the past.
watkin developments 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.
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watkin developments limitedCompanies House Filings - See Documents
