Aqua-source (s.w.) Limited

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aqua-source (s.w.) limited Company Information

Live

MatureSmallHealthy

Company Number

04888323

Next Accounts

May 2025

Industry

Test drilling and boring

Directors

David Blake

Shareholders

david mark blake

sally-ann blake

Group Structure

View All

Contact

Registered Address

c/o bishop fleming, chy nyverow newham road, truro, cornwall, TR1 2DP

Website

www.aquasourceltd.co.uk

aqua-source (s.w.) limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of AQUA-SOURCE (S.W.) LIMITED at £1.2m based on a Turnover of £3.2m and 0.37x industry multiple (adjusted for size and gross margin).

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Aqua-source (s.w.) Limited is a live company located in truro, TR1 2DP with a Companies House number of 04888323. It operates in the test drilling and boring sector, SIC Code 43130. Founded in September 2003, it's largest shareholder is david mark blake with a 60% stake. Aqua-source (s.w.) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Aqua-Source (S.W.) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£8.4m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.6%)

EXPORT

Aqua-Source (S.W.) Limited's latest turnover from August 2023 is estimated at £3.2 million and the company has net assets of £456 thousand. According to their latest financial statements, Aqua-Source (S.W.) Limited has 38 employees and maintains cash reserves of £13 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,247,114	2,991,339	2,210,954	2,259,450	1,825,704	2,525,197	2,160,532	1,966,328	1,449,696	1,778,391	1,866,873	1,473,684	1,331,414	1,252,385	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,379,797	2,075,449	1,472,645	1,487,206	1,338,265	1,806,558	1,457,506	1,340,205	892,848	1,006,412	1,091,762	942,817	843,534	839,379	0
Gross Profit	867,317	915,890	738,309	772,244	487,439	718,639	703,027	626,124	556,848	771,979	775,111	530,867	487,880	413,006	0
Admin Expenses	741,470	850,000	607,430	875,936	469,483	657,516	677,028	655,920	451,101	725,256	772,018	512,570	443,683	441,829	-242,892
Operating Profit	125,847	65,890	130,879	-103,692	17,956	61,123	25,999	-29,796	105,747	46,723	3,093	18,297	44,197	-28,823	242,892
Interest Payable	28,652	17,215	10,251	5,976	5,395	6,409	5,347	2,672	0	0	0	0	0	0	0
Interest Receivable	1	10	1	0	0	1	0	0	1	106	106	0	0	0	0
Pre-Tax Profit	97,196	48,685	120,628	-109,668	12,562	54,715	20,652	-32,468	105,748	46,829	3,199	18,297	44,197	-28,823	242,892
Tax	-24,299	-9,250	-22,919	0	-2,387	-10,396	-3,924	0	-21,149	-9,834	-736	-4,391	-11,491	0	-68,010
Profit After Tax	72,897	39,435	97,709	-109,668	10,175	44,319	16,728	-32,468	84,598	36,995	2,463	13,906	32,706	-28,823	174,882
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	72,897	39,435	97,709	-109,668	10,175	44,319	16,728	-32,468	84,598	36,995	2,463	13,906	32,706	-28,823	174,882
Employee Costs	1,560,292	1,430,753	1,220,350	1,150,875	1,052,125	1,044,880	1,201,514	1,286,695	513,077	405,501	490,682	599,528	510,003	445,362	0
Number Of Employees	38	36	35	34	33	33	36	39	15	13	14	17	16	15	0
EBITDA*	289,823	206,367	237,547	-21,853	91,895	121,292	89,977	25,699	163,201	106,171	54,046	60,365	79,807	3,886	267,758

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	729,692	661,209	429,236	352,211	315,750	244,287	262,827	242,519	212,557	229,556	212,186	186,796	138,300	141,029	118,322
Intangible Assets	0	1,500	3,000	4,500	6,000	7,500	9,000	10,500	12,000	13,500	15,000	16,500	18,000	19,500	21,000
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	729,692	662,709	432,236	356,711	321,750	251,787	271,827	253,019	224,557	243,056	227,186	203,296	156,300	160,529	139,322
Stock & work in progress	276,481	232,473	196,209	154,798	140,402	121,072	87,337	132,257	143,788	127,060	115,152	86,898	81,318	59,440	59,001
Trade Debtors	297,964	264,904	265,295	198,712	290,046	436,850	340,536	212,056	331,076	269,088	227,855	192,330	292,498	238,262	296,634
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	168,081	150,044	86,750	146,347	94,722	57,382	53,337	55,122	0	0	0	0	0	0	0
Cash	13	10	1,170	333	20	96	255	33	170	89	42,186	20	3	31	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	742,539	647,431	549,424	500,190	525,190	615,400	481,465	399,468	475,034	396,237	385,193	279,248	373,819	297,733	355,635
total assets	1,472,231	1,310,140	981,660	856,901	846,940	867,187	753,292	652,487	699,591	639,293	612,379	482,544	530,119	458,262	494,957
Bank overdraft	190,797	148,567	68,200	90,398	55,539	104,304	85,604	85,514	0	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	400,635	315,620	296,620	301,993	250,273	286,024	220,671	224,879	330,973	362,742	378,073	258,712	321,878	270,733	304,619
Group/Directors Accounts	3,788	183	2,193	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	50,204	56,576	14,776	0	32,860	16,747	20,082	4,977	0	0	0	0	0	0	0
other current liabilities	37,119	34,823	36,533	76,800	31,265	62,872	53,513	4,800	0	0	0	0	0	0	0
total current liabilities	682,543	555,769	418,322	469,191	369,937	469,947	379,870	320,170	330,973	362,742	378,073	258,712	321,878	270,733	304,619
loans	70,000	100,000	127,500	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	136,191	178,961	25,858	50,528	70,467	12,502	28,830	5,650	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	10,033	0	2,167	0	5,800	19,069	0
provisions	127,543	92,353	66,358	41,269	50,955	39,332	43,505	42,308	41,758	44,322	36,905	31,061	23,576	22,301	0
total long term liabilities	333,734	371,314	219,716	141,797	121,422	51,834	72,335	47,958	51,791	44,322	39,072	31,061	29,376	41,370	15,356
total liabilities	1,016,277	927,083	638,038	610,988	491,359	521,781	452,205	368,128	382,764	407,064	417,145	289,773	351,254	312,103	319,975
net assets	455,954	383,057	343,622	245,913	355,581	345,406	301,087	284,359	316,827	232,229	195,234	192,771	178,865	146,159	174,982
total shareholders funds	455,954	383,057	343,622	245,913	355,581	345,406	301,087	284,359	316,827	232,229	195,234	192,771	178,865	146,159	174,982

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	125,847	65,890	130,879	-103,692	17,956	61,123	25,999	-29,796	105,747	46,723	3,093	18,297	44,197	-28,823	242,892
Depreciation	162,476	138,977	105,168	80,339	72,439	58,669	62,478	53,995	55,954	57,948	49,453	40,568	34,110	31,209	24,866
Amortisation	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	0
Tax	-24,299	-9,250	-22,919	0	-2,387	-10,396	-3,924	0	-21,149	-9,834	-736	-4,391	-11,491	0	-68,010
Stock	44,008	36,264	41,411	14,396	19,330	33,735	-44,920	-11,531	16,728	11,908	28,254	5,580	21,878	439	59,001
Debtors	51,097	62,903	6,986	-39,709	-109,464	100,359	126,695	-63,898	61,988	41,233	35,525	-100,168	54,236	-58,372	296,634
Creditors	85,015	19,000	-5,373	51,720	-35,751	65,353	-4,208	-106,094	-31,769	-15,331	119,361	-63,166	51,145	-33,886	304,619
Accruals and Deferred Income	2,296	-1,710	-40,267	45,535	-31,607	9,359	48,713	4,800	0	0	0	0	0	0	0
Deferred Taxes & Provisions	35,190	25,995	25,089	-9,686	11,623	-4,173	1,197	550	-2,564	7,417	5,844	7,485	1,275	22,301	0
Cash flow from operations	292,920	141,235	145,680	91,029	123,907	47,341	49,980	384	29,003	35,282	114,736	94,881	44,622	50,234	148,732
Investing Activities
capital expenditure	-230,959	-370,950	-182,193	-116,800	-143,902	-40,129	-82,786	-83,957	-38,955	-75,318	-74,843	-89,064	-31,381	-53,916	-164,188
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-230,959	-370,950	-182,193	-116,800	-143,902	-40,129	-82,786	-83,957	-38,955	-75,318	-74,843	-89,064	-31,381	-53,916	-164,188
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	3,605	-2,010	2,193	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	-30,000	-27,500	77,500	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-49,142	194,903	-9,894	-52,799	74,078	-19,663	38,285	10,627	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-10,033	10,033	-2,167	2,167	-5,800	-13,269	19,069	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-28,651	-17,205	-10,250	-5,976	-5,395	-6,408	-5,347	-2,672	1	106	106	0	0	0	0
cash flow from financing	-104,188	148,188	59,549	-8,775	68,683	-26,071	32,938	-2,078	10,034	-2,061	2,273	-5,800	-13,269	19,069	100
cash and cash equivalents
cash	3	-1,160	837	313	-76	-159	222	-137	81	-42,097	42,166	17	-28	31	0
overdraft	42,230	80,367	-22,198	34,859	-48,765	18,700	90	85,514	0	0	0	0	0	0	0
change in cash	-42,227	-81,527	23,035	-34,546	48,689	-18,859	132	-85,651	81	-42,097	42,166	17	-28	31	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AQUA-SOURCE (S.W.) LIMITED group structure

Aqua-Source (S.W.) Limited has no subsidiary companies.

Ultimate parent company

AQUA-SOURCE (S.W.) LIMITED

04888323

AQUA-SOURCE (S.W.) LIMITED Shareholders

david mark blake	60%
sally-ann blake	40%

Aqua-Source (S.W.) Limited currently has 1 director, Mr David Blake serving since Sep 2003.

officer	country	age	start	end	role
Mr David Blake		54 years	Sep 2003	-	Director

P&L

August 2023

turnover

3.2m

+9%

operating profit

125.8k

gross margin

26.8%

-12.76%

turnover

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

Balance Sheet

August 2023

net assets

456k

+0.19%

total assets

1.5m

+0.12%

cash

+0.3%

net assets

Total assets minus all liabilities

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company number

04888323

Type

Private limited with Share Capital

industry

43130 - Test drilling and boring

incorporation date

September 2003

ultimate parent company

None

previous names

N/A

address

c/o bishop fleming, chy nyverow newham road, truro, cornwall, TR1 2DP

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 aqua-source (s.w.) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

aqua-source (s.w.) limited Company Information

aqua-source (s.w.) limited Estimated Valuation

aqua-source (s.w.) limited Estimated Valuation

aqua-source (s.w.) limited Estimated Valuation

Aqua-source (s.w.) Limited Overview

Aqua-source (s.w.) Limited Health Check

AQUA-SOURCE (S.W.) LIMITED financials

aqua-source (s.w.) limited Credit Report and Business Information

Aqua-source (s.w.) Limited Competitor Analysis

aqua-source (s.w.) limited Ownership

aqua-source (s.w.) limited directors

aqua-source (s.w.) limited company details

aqua-source (s.w.) limited Charges & Mortgages

aqua-source (s.w.) limited Companies House Filings - See Documents