Weatherite Contracts Limited

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weatherite contracts limited Company Information

Live

MatureMicroDeclining

Company Number

03738768

Website

www.weatherite.net

Registered Address

c/o palmer riley & co., 1st floor unit e2, fareham heigh, fareham, hampshire, PO16 8XT

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Gary Meehan25 Years

Shareholders

mr gary meehan 100%

weatherite contracts limited Estimated Valuation

£29.2k

Pomanda estimates the enterprise value of WEATHERITE CONTRACTS LIMITED at £29.2k based on a Turnover of £89.1k and 0.33x industry multiple (adjusted for size and gross margin).

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Weatherite Contracts Limited is a live company located in fareham, PO16 8XT with a Companies House number of 03738768. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in March 1999, it's largest shareholder is mr gary meehan with a 100% stake. Weatherite Contracts Limited is a mature, micro sized company, Pomanda has estimated its turnover at £89.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Weatherite Contracts Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £89.1k, make it smaller than the average company (£5.6m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (6.1%)

EXPORT

Weatherite Contracts Limited's latest turnover from March 2023 is estimated at £89.1 thousand and the company has net assets of £691. According to their latest financial statements, Weatherite Contracts Limited 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	89,135	177,847	194,562	149,853	131,175	114,189	108,222	173,555	168,031	16,989	21,753	22,725	15,088	29,159
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	77,055	153,241	168,553	128,275	112,257	96,760	90,904	144,646	142,313	14,315	18,278	18,988	12,334	23,878
Gross Profit	12,080	24,606	26,009	21,578	18,917	17,429	17,318	28,909	25,718	2,674	3,475	3,738	2,755	5,281
Admin Expenses	23,311	38,673	10,142	18,718	6,112	17,408	16,808	11,679	4,356	2,709	3,609	3,702	2,781	5,259
Operating Profit	-11,231	-14,067	15,867	2,860	12,805	21	510	17,230	21,362	-35	-134	36	-26	22
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	23	45	39	44	29
Pre-Tax Profit	-11,231	-14,067	15,867	2,860	12,805	21	510	17,262	21,128	-12	-89	74	18	51
Tax	0	0	-3,015	-543	-2,433	-4	-102	-3,452	-4,225	0	0	-19	-5	-14
Profit After Tax	-11,231	-14,067	12,852	2,317	10,372	17	408	13,810	16,903	-12	-89	55	13	37
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-11,231	-14,067	12,852	2,317	10,372	17	408	13,810	16,903	-12	-89	55	13	37
Employee Costs	89,082	85,092	82,822	84,780	83,675	81,226	80,043	39,151	31,937	36,921	36,267	35,776	34,195	34,909
Number Of Employees	2	2	2	2	2	2	2	1	1	1	1	1	1	1
EBITDA*	-11,231	-14,067	15,867	2,860	12,805	21	510	20,281	22,619	1,203	1,123	1,243	1,773	1,660

* 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	6,231	8,269	9,796	10,814	14,118	1,885	6,703	8,841	3,538	4,044	3,336	3,974	4,782	6,098
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,231	8,269	9,796	10,814	14,118	1,885	6,703	8,841	3,538	4,044	3,336	3,974	4,782	6,098
Stock & work in progress	0	0	0	0	0	0	0	0	500	500	500	500	500	500
Trade Debtors	11,630	44,391	56,516	33,494	26,054	21,584	17,372	12,127	1,594	2,731	1,213	982	206	1,136
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	153	165	165	167	153	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	12,937	710	8,391	9,659	5,825	11,670
misc current assets	0	0	0	0	0	123	111	116	0	0	0	0	0	0
total current assets	11,783	44,556	56,681	33,661	26,207	21,707	17,483	12,243	15,031	3,941	10,104	11,141	6,531	13,306
total assets	18,014	52,825	66,477	44,475	40,325	23,592	24,186	21,084	18,569	7,985	13,440	15,115	11,313	19,404
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	15,948	39,528	39,238	30,088	28,255	21,944	22,555	18,331	18,136	7,521	13,183	14,612	10,781	18,740
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	15,948	39,528	39,238	30,088	28,255	21,944	22,555	18,331	18,136	7,521	13,183	14,612	10,781	18,740
loans	0	0	0	0	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
Accruals and Deferred Income	1,375	1,375	1,250	1,250	1,250	1,200	1,200	1,198	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	1,532	420	458	239	396	480	625
total long term liabilities	1,375	1,375	1,250	1,250	1,250	1,200	1,200	2,730	420	458	239	396	480	625
total liabilities	17,323	40,903	40,488	31,338	29,505	23,144	23,755	21,061	18,556	7,979	13,422	15,008	11,261	19,365
net assets	691	11,922	25,989	13,137	10,820	448	431	23	13	6	18	107	52	39
total shareholders funds	691	11,922	25,989	13,137	10,820	448	431	23	13	6	18	107	52	39

	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	-11,231	-14,067	15,867	2,860	12,805	21	510	17,230	21,362	-35	-134	36	-26	22
Depreciation	0	0	0	0	0	0	0	3,051	1,257	1,238	1,257	1,207	1,799	1,638
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-3,015	-543	-2,433	-4	-102	-3,452	-4,225	0	0	-19	-5	-14
Stock	0	0	0	0	0	0	0	-500	0	0	0	0	0	500
Debtors	-32,773	-12,125	23,020	7,454	4,623	4,212	5,245	10,533	-1,137	1,518	231	776	-930	1,136
Creditors	-23,580	290	9,150	1,833	6,311	-611	4,224	195	10,615	-5,662	-1,429	3,831	-7,959	18,740
Accruals and Deferred Income	0	125	0	0	50	0	2	1,198	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-1,532	1,112	-38	219	-157	-84	-145	625
Cash flow from operations	-2,038	-1,527	-1,018	-3,304	12,110	-4,806	-2,143	9,301	30,108	-5,758	-694	4,195	-5,406	19,375
Investing Activities
capital expenditure	2,038	1,527	1,018	3,304	-12,233	4,818	2,138	-8,354	-751	-1,946	-619	-399	-483	-7,736
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,038	1,527	1,018	3,304	-12,233	4,818	2,138	-8,354	-751	-1,946	-619	-399	-483	-7,736
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	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	0	0
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	-13,800	-16,896	0	0	0	0	2
interest	0	0	0	0	0	0	0	0	0	23	45	39	44	29
cash flow from financing	0	0	0	0	0	0	0	-13,800	-16,896	23	45	39	44	31
cash and cash equivalents
cash	0	0	0	0	0	0	0	-12,937	12,227	-7,681	-1,268	3,834	-5,845	11,670
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-12,937	12,227	-7,681	-1,268	3,834	-5,845	11,670

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for weatherite contracts limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in PO16 area or any other competitors across 12 key performance metrics.

WEATHERITE CONTRACTS LIMITED group structure

Weatherite Contracts Limited has no subsidiary companies.

Ultimate parent company

WEATHERITE CONTRACTS LIMITED

03738768

WEATHERITE CONTRACTS LIMITED Shareholders

mr gary meehan

100%

Weatherite Contracts Limited currently has 1 director, Mr Gary Meehan serving since Mar 1999.

officer	country	age	start	end	role
Mr Gary Meehan		64 years	Mar 1999	-	Director

P&L

March 2023

turnover

89.1k

-50%

operating profit

-11.2k

gross margin

13.6%

-2.05%

turnover

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

Balance Sheet

March 2023

net assets

691

-0.94%

total assets

18k

-0.66%

cash

net assets

Total assets minus all liabilities

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company number

03738768

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

March 1999

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

c/o palmer riley & co., 1st floor unit e2, fareham heigh, fareham, hampshire, PO16 8XT

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.

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weatherite contracts limited Company Information

weatherite contracts limited Estimated Valuation

weatherite contracts limited Estimated Valuation

weatherite contracts limited Estimated Valuation

Weatherite Contracts Limited Overview

Weatherite Contracts Limited Health Check

WEATHERITE CONTRACTS LIMITED financials

weatherite contracts limited Credit Report and Business Information

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weatherite contracts limited Ownership

weatherite contracts limited directors

weatherite contracts limited company details

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