crosswater limited

5

crosswater limited Company Information

Share CROSSWATER LIMITED
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Company Number

03619276

Registered Address

lake view house rennie drive, dartford, kent, DA1 5FU

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

 

Telephone

03458738840

Next Accounts Due

September 2024

Group Structure

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Directors

David Hance25 Years

David Button7 Years

View All

Shareholders

bathroom brands holdings uk limited 100%

crosswater limited Estimated Valuation

£99.9m

Pomanda estimates the enterprise value of CROSSWATER LIMITED at £99.9m based on a Turnover of £96.7m and 1.03x industry multiple (adjusted for size and gross margin).

crosswater limited Estimated Valuation

£179.1m

Pomanda estimates the enterprise value of CROSSWATER LIMITED at £179.1m based on an EBITDA of £18.9m and a 9.5x industry multiple (adjusted for size and gross margin).

crosswater limited Estimated Valuation

£111m

Pomanda estimates the enterprise value of CROSSWATER LIMITED at £111m based on Net Assets of £61.1m and 1.82x industry multiple (adjusted for liquidity).

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Crosswater Limited Overview

Crosswater Limited is a live company located in kent, DA1 5FU with a Companies House number of 03619276. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in August 1998, it's largest shareholder is bathroom brands holdings uk limited with a 100% stake. Crosswater Limited is a mature, large sized company, Pomanda has estimated its turnover at £96.7m with healthy growth in recent years.

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Crosswater Limited Health Check

Pomanda's financial health check has awarded Crosswater Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £96.7m, make it larger than the average company (£18.5m)

£96.7m - Crosswater Limited

£18.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.9%)

9% - Crosswater Limited

5.9% - Industry AVG

production

Production

with a gross margin of 43.2%, this company has a lower cost of product (27.5%)

43.2% - Crosswater Limited

27.5% - Industry AVG

profitability

Profitability

an operating margin of 14.1% make it more profitable than the average company (7.1%)

14.1% - Crosswater Limited

7.1% - Industry AVG

employees

Employees

with 221 employees, this is above the industry average (61)

221 - Crosswater Limited

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.7k, the company has an equivalent pay structure (£40.4k)

£33.7k - Crosswater Limited

£40.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £437.5k, this is more efficient (£336.4k)

£437.5k - Crosswater Limited

£336.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is near the average (54 days)

49 days - Crosswater Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is quicker than average (46 days)

36 days - Crosswater Limited

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 131 days, this is more than average (94 days)

131 days - Crosswater Limited

94 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (12 weeks)

20 weeks - Crosswater Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 24.6%, this is a lower level of debt than the average (51.2%)

24.6% - Crosswater Limited

51.2% - Industry AVG

crosswater 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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Crosswater Limited Competitor Analysis

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crosswater limited Ownership

CROSSWATER LIMITED group structure

Crosswater Limited has 1 subsidiary company.

Ultimate parent company

2 parents

CROSSWATER LIMITED

03619276

1 subsidiary

CROSSWATER LIMITED Shareholders

bathroom brands holdings uk limited 100%

crosswater limited directors

Crosswater Limited currently has 3 directors. The longest serving directors include Mr David Hance (Aug 1998) and Mr David Button (Aug 2016).

officercountryagestartendrole
Mr David HanceUnited Kingdom58 years Aug 1998- Director
Mr David ButtonUnited Kingdom58 years Aug 2016- Director
Mr Alan DaveyUnited Kingdom55 years Mar 2019- Director

CROSSWATER LIMITED financials

EXPORTms excel logo

Crosswater Limited's latest turnover from December 2022 is £96.7 million and the company has net assets of £61.1 million. According to their latest financial statements, Crosswater Limited has 221 employees and maintains cash reserves of £7.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jul 2011Jul 2010Jul 2009
Turnover96,677,00092,784,00069,239,00074,788,00078,811,00079,855,00068,545,00051,744,00051,579,00047,842,00038,641,00014,951,00032,945,00033,750,00023,648,000
Other Income Or Grants000000000000000
Cost Of Sales54,877,00055,827,00041,543,00044,772,00048,466,00049,045,00041,692,00031,693,00033,531,00031,077,00024,641,0009,229,00020,694,00021,385,00014,606,000
Gross Profit41,800,00036,957,00027,696,00030,016,00030,345,00030,810,00026,853,00020,051,00018,048,00016,765,00014,000,0005,722,00012,251,00012,365,0009,042,000
Admin Expenses28,157,00022,774,00020,148,00025,633,00022,806,00026,026,00017,397,00014,757,00014,149,00013,027,00010,069,0003,746,0008,451,0008,165,0005,367,000
Operating Profit13,643,00014,183,0007,548,0004,383,0007,539,0004,784,0009,456,0005,294,0003,899,0003,738,0003,931,0001,976,0003,800,0004,200,0003,675,000
Interest Payable414,000237,000270,000901,000203,00088,00082,00098,00051,00011,00014,00011,00087,00057,00076,000
Interest Receivable0101,000000000004,0000001,000
Pre-Tax Profit13,229,00014,047,0007,278,0003,482,0007,336,0004,029,00011,056,0005,196,0003,848,0003,727,0003,921,0001,965,0003,713,0004,143,0003,600,000
Tax-2,116,000-1,806,000-195,00028,000-950,000-684,000-1,642,000-789,000-768,000-749,000-748,000-413,000-1,075,000-1,066,000-983,000
Profit After Tax11,113,00012,241,0007,083,0003,510,0006,386,0003,345,0009,414,0004,407,0003,080,0002,978,0003,173,0001,552,0002,638,0003,077,0002,617,000
Dividends Paid00000006,000,00001,268,0001,835,000116,0006,500,0000600,000
Retained Profit11,113,00012,241,0007,083,0003,510,0006,386,0003,345,0009,414,000-1,593,0001,880,0001,710,0001,338,0001,436,000-3,862,0003,077,0002,017,000
Employee Costs7,440,0009,174,0007,689,0007,970,0007,917,0007,342,0007,154,0006,433,0005,683,0004,695,0003,970,0001,409,0003,145,0002,970,0001,733,000
Number Of Employees22121122323921520318817215313812811312411453
EBITDA*18,855,00019,209,00012,919,00010,491,00013,057,0009,373,00012,641,0006,527,0004,371,0004,997,0004,235,0002,083,0004,055,0004,429,0003,813,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jul 2011Jul 2010Jul 2009
Tangible Assets4,105,0003,858,0003,928,0005,067,0005,696,0005,651,0004,953,0004,718,0004,779,000626,0001,659,0001,646,0001,685,0001,820,0001,680,000
Intangible Assets1,084,0004,040,0006,995,0009,951,00013,608,00016,741,00019,867,000214,000747,0001,387,00000000
Investments & Other107,00000000000000000
Debtors (Due After 1 year)087,00089,000106,00000000000000
Total Fixed Assets5,296,0007,811,00010,834,00014,912,00019,304,00022,392,00024,820,0004,932,0005,526,0002,013,0001,659,0001,646,0001,685,0001,820,0001,680,000
Stock & work in progress19,769,00020,638,00015,810,00013,393,00012,942,00010,619,00010,371,0007,928,0006,177,0006,436,0006,579,0004,590,0004,027,0004,869,0002,890,000
Trade Debtors13,119,00012,403,00010,571,0009,244,0008,918,0009,048,0007,964,0007,872,0007,069,0007,394,0006,184,0005,171,0005,901,0004,898,0003,377,000
Group Debtors33,461,00031,345,00023,433,00014,211,00017,629,00024,229,00010,975,00086,0001,852,000586,000590,000417,00094,0002,846,0001,057,000
Misc Debtors1,697,0001,005,0001,142,000892,000920,000954,000736,000748,000300,0001,557,000947,000811,000876,000983,000874,000
Cash7,699,0004,924,0006,824,0004,184,0007,397,0005,491,0004,953,0001,950,000748,000687,0006,0001,276,00001,057,0000
misc current assets0198,000002,464,00001,682,00000000000
total current assets75,745,00070,537,00058,565,00042,137,00050,270,00050,341,00036,681,00018,584,00016,146,00016,660,00014,306,00012,265,00010,898,00014,653,0008,198,000
total assets81,041,00078,348,00069,399,00057,049,00069,574,00072,733,00061,501,00023,516,00021,672,00018,673,00015,965,00013,911,00012,583,00016,473,0009,878,000
Bank overdraft0000000001,826,000283,0000475,0000261,000
Bank loan05,913,000000334,00000001,263,0000000
Trade Creditors 5,425,0005,139,0005,675,0003,943,0004,071,0006,703,0002,441,0002,104,0001,822,0002,079,0002,018,0003,770,0003,869,0003,768,0003,551,000
Group/Directors Accounts4,604,000000000003,288,0003,512,0002,202,0002,045,0001,705,0000
other short term finances00988,0001,421,0000667,000001,591,000000000
hp & lease commitments523,000291,000222,000230,000409,000587,000714,000433,000315,000065,000252,000241,000199,000205,000
other current liabilities8,532,00016,791,00014,849,00015,036,00028,239,00037,040,00039,420,00011,739,0007,078,0003,936,0002,990,0003,128,0002,721,0003,441,0001,377,000
total current liabilities19,084,00028,134,00021,734,00020,630,00032,719,00045,331,00042,575,00014,276,00010,806,00011,129,00010,131,0009,352,0009,351,0009,113,0005,394,000
loans91,000622,00021,924,00013,240,00012,604,00011,522,0002,594,0002,606,0002,884,000000000
hp & lease commitments786,000311,00093,000174,000113,000458,0001,297,0001,303,0001,442,0000063,000172,000438,000639,000
Accruals and Deferred Income000000000000000
other liabilities0000959,000922,000000000000
provisions0000308,000258,000768,000212,0000000000
total long term liabilities877,000311,00010,962,0006,620,0007,415,0006,812,0001,681,0001,409,0001,442,0000063,000172,000438,000639,000
total liabilities19,961,00028,445,00032,696,00027,250,00040,134,00052,143,00044,256,00015,685,00012,248,00011,129,00010,131,0009,415,0009,523,0009,551,0006,033,000
net assets61,080,00049,903,00036,703,00029,799,00029,440,00020,590,00017,245,0007,831,0009,424,0007,544,0005,834,0004,496,0003,060,0006,922,0003,845,000
total shareholders funds61,080,00049,903,00036,703,00029,799,00029,440,00020,590,00017,245,0007,831,0009,424,0007,544,0005,834,0004,496,0003,060,0006,922,0003,845,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit13,643,00014,183,0007,548,0004,383,0007,539,0004,784,0009,456,0005,294,0003,899,0003,738,0003,931,0001,976,0003,800,0004,200,0003,675,000
Depreciation2,256,0002,071,0002,415,0002,989,0002,385,0001,463,000905,000700,000472,0001,046,000304,000107,000255,000229,000138,000
Amortisation2,956,0002,955,0002,956,0003,119,0003,133,0003,126,0002,280,000533,0000213,00000000
Tax-2,116,000-1,806,000-195,00028,000-950,000-684,000-1,642,000-789,000-768,000-749,000-748,000-413,000-1,075,000-1,066,000-983,000
Stock-869,0004,828,0002,417,000451,0002,323,000248,0002,443,0001,751,000-259,000-143,0001,989,000-279,000-842,0001,979,0002,890,000
Debtors3,437,0009,605,00010,782,000-3,014,000-6,764,00014,556,00010,969,000-515,000-316,0001,816,0001,322,000-2,328,000-1,856,0003,419,0005,308,000
Creditors286,000-536,0001,732,000-128,000-2,632,0004,262,000337,000282,000-257,00061,000-1,752,0002,000101,000217,0003,551,000
Accruals and Deferred Income-8,259,0001,942,000-187,000-13,203,000-8,801,000-2,380,00027,681,0004,661,0003,142,000946,000-138,000-313,000-720,0002,064,0001,377,000
Deferred Taxes & Provisions000-308,00050,000-510,000556,000212,0000000000
Cash flow from operations6,198,0004,376,0001,070,000-557,0005,165,000-4,743,00026,161,0009,657,0007,063,0003,582,000-1,714,0003,966,0005,059,000246,000-440,000
Investing Activities
capital expenditure-2,503,000-2,001,000-1,276,000-1,822,000-2,430,000-2,161,000-23,073,000-639,000-3,985,000-1,613,000-317,00067,000-120,000-369,000-1,818,000
Change in Investments107,00000000000000000
cash flow from investments-2,610,000-2,001,000-1,276,000-1,822,000-2,430,000-2,161,000-23,073,000-639,000-3,985,000-1,613,000-317,00067,000-120,000-369,000-1,818,000
Financing Activities
Bank loans-5,913,0005,913,00000-334,000334,000000-1,263,0001,263,0000000
Group/Directors Accounts4,604,0000000000-3,288,000-224,0001,310,000497,000340,0001,705,0000
Other Short Term Loans 0-988,000-433,0001,421,000-667,000667,0000-1,591,0001,591,000000000
Long term loans-531,000-21,302,0008,684,000636,0001,082,0008,928,000-12,000-278,0002,884,000000000
Hire Purchase and Lease Commitments707,000287,000-89,000-118,000-523,000-966,000275,000-21,0001,757,000-65,000-250,000-322,000-224,000-207,000844,000
other long term liabilities000-959,00037,000922,000000000000
share issue64,000959,000-179,000-3,151,0002,464,000000000-3,862,000001,828,000
interest-414,000-136,000-270,000-901,000-203,000-88,000-82,000-98,000-51,000-11,000-10,000-11,000-87,000-57,000-75,000
cash flow from financing-1,483,000-15,267,0007,713,000-3,072,0001,856,0009,797,000181,000-1,988,0002,893,000-1,563,0002,313,000-3,698,00029,0001,441,0002,597,000
cash and cash equivalents
cash2,775,000-1,900,0002,640,000-3,213,0001,906,000538,0003,003,0001,202,00061,000681,000-1,270,000219,000-1,057,0001,057,0000
overdraft00000000-1,826,0001,543,000283,0000475,000-261,000261,000
change in cash2,775,000-1,900,0002,640,000-3,213,0001,906,000538,0003,003,0001,202,0001,887,000-862,000-1,553,000219,000-1,532,0001,318,000-261,000

P&L

December 2022

turnover

96.7m

+4%

operating profit

13.6m

-4%

gross margin

43.3%

+8.55%

turnover

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

Balance Sheet

December 2022

net assets

61.1m

+0.22%

total assets

81m

+0.03%

cash

7.7m

+0.56%

net assets

Total assets minus all liabilities

crosswater limited company details

company number

03619276

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

August 1998

age

26

accounts

Full Accounts

ultimate parent company

previous names

N/A

incorporated

UK

address

lake view house rennie drive, dartford, kent, DA1 5FU

last accounts submitted

December 2022

crosswater 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 14 charges/mortgages relating to crosswater limited. Currently there are 6 open charges and 8 have been satisfied in the past.

charges

crosswater limited Companies House Filings - See Documents

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