watergate developments limited
watergate developments limited Company Information
Company Number
05153399
Website
wykeland.co.ukRegistered Address
wykeland house, 47 queen street, hull, east yorkshire, HU1 1UU
Industry
Development of building projects
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
01482320968
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
wykeland ltd 100%
watergate developments limited Estimated Valuation
Pomanda estimates the enterprise value of WATERGATE DEVELOPMENTS LIMITED at £1.4m based on a Turnover of £798.4k and 1.81x industry multiple (adjusted for size and gross margin).
watergate developments limited Estimated Valuation
Pomanda estimates the enterprise value of WATERGATE DEVELOPMENTS LIMITED at £23.2k based on an EBITDA of £4.5k and a 5.2x industry multiple (adjusted for size and gross margin).
watergate developments limited Estimated Valuation
Pomanda estimates the enterprise value of WATERGATE DEVELOPMENTS LIMITED at £1.2m based on Net Assets of £800.8k and 1.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Watergate Developments Limited Overview
Watergate Developments Limited is a live company located in hull, HU1 1UU with a Companies House number of 05153399. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2004, it's largest shareholder is wykeland ltd with a 100% stake. Watergate Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £798.4k with high growth in recent years.
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Watergate Developments Limited Health Check
Pomanda's financial health check has awarded Watergate Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £798.4k, make it smaller than the average company (£1.3m)
£798.4k - Watergate Developments Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (2%)
19% - Watergate Developments Limited
2% - Industry AVG
Production
with a gross margin of 55.6%, this company has a comparable cost of product (55.6%)
55.6% - Watergate Developments Limited
55.6% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (27.3%)
0% - Watergate Developments Limited
27.3% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
- Watergate Developments Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Watergate Developments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £199.6k, this is equally as efficient (£217.4k)
- Watergate Developments Limited
£217.4k - Industry AVG
Debtor Days
it gets paid by customers after 318 days, this is later than average (28 days)
318 days - Watergate Developments Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (33 days)
41 days - Watergate Developments Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Watergate Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Watergate Developments Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.8%, this is a higher level of debt than the average (66.8%)
92.8% - Watergate Developments Limited
66.8% - Industry AVG
WATERGATE DEVELOPMENTS LIMITED financials
Watergate Developments Limited's latest turnover from March 2023 is £798.4 thousand and the company has net assets of £800.8 thousand. According to their latest financial statements, we estimate that Watergate Developments Limited has 4 employees and maintains cash reserves of £269.5 thousand 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 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 798,358 | 458,133 | 488,316 | 473,690 | 498,976 | 379,603 | 309,510 | 29,190 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 6,588 | -3,389 | -3,169 | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 797 | 130 | 0 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 96,672 | 379,995 | 251,751 | 233,238 | -324,485 | 160,969 | 595,437 | 5,791 | -3,519 | -3,169 | -7,048 | -9,478 | -13,766 | -2,678 |
| Tax | -79,069 | -165,235 | -59,518 | -47,540 | 10,682 | -63,957 | -59,005 | 29,123 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 17,603 | 214,760 | 192,233 | 185,698 | -313,803 | 97,012 | 536,432 | 34,914 | -3,519 | -3,169 | -7,048 | -9,478 | -13,766 | -2,678 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 17,603 | 214,760 | 192,233 | 185,698 | -313,803 | 97,012 | 536,432 | 34,914 | -3,519 | -3,169 | -7,048 | -9,478 | -13,766 | -2,678 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||||||||||
| EBITDA* | 6,588 | -3,389 | -3,169 |
* 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 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 35,678 | 25,407 | 33,485 | 9,851 | 17,878 | 25,905 | 19,703 | 0 | 0 | 77,380 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 9,092,096 | 8,429,518 | 8,189,597 | 6,491,992 | 5,757,097 | 6,131,875 | 5,887,884 | 5,809,027 | 579,626 | 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 | 9,127,774 | 8,454,925 | 8,223,082 | 6,501,843 | 5,774,975 | 6,157,780 | 5,907,587 | 5,809,027 | 579,626 | 77,380 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 697,015 | 522,401 | 430,052 | 49,711 | 28,268 | 191,931 | 123,220 | 7,988 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 1,082,003 | 405,539 | 405,539 | 400,539 | 7,499 | 2,169,847 | 2,167,215 | 943,032 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,847 | 14,578 | 10,478 | 28,545 | 18 | 431 | 4,634 | 1,262,416 | 53,828 | 6,733 | 69,586 | 71,882 | 147 | 0 |
| Cash | 269,463 | 769,677 | 166,063 | 919,395 | 95,915 | 295,100 | 170,041 | 57,703 | 317,684 | 2,353 | 33,931 | 0 | 10,014 | 4,238 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,063,328 | 1,712,195 | 1,012,132 | 1,398,190 | 131,700 | 2,657,309 | 2,465,110 | 2,271,139 | 371,512 | 9,086 | 103,517 | 71,882 | 10,161 | 4,238 |
| total assets | 11,191,102 | 10,167,120 | 9,235,214 | 7,900,033 | 5,906,675 | 8,815,089 | 8,372,697 | 8,080,166 | 951,138 | 86,466 | 103,517 | 71,882 | 10,161 | 4,238 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 399 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 40,358 | 56,992 | 34,926 | 678,710 | 15,839 | 27,519 | 9,167 | 3,393 | 267,391 | 0 | 4,278 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,220,722 | 8,276,810 | 7,928,061 | 6,522,643 | 5,322,806 | 7,628,008 | 7,617,125 | 8,053,405 | 762,800 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 242,000 | 156,000 | 146,000 | 146,000 | 126,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 811,551 | 742,606 | 590,110 | 259,314 | 250,421 | 483,418 | 231,230 | 74,507 | 7,000 | 5,000 | 100,604 | 75,800 | 5,000 | 5,311 |
| total current liabilities | 10,072,631 | 9,076,408 | 8,553,097 | 7,460,667 | 5,589,066 | 8,138,945 | 7,857,522 | 8,131,305 | 1,037,191 | 247,000 | 260,882 | 222,199 | 151,000 | 131,311 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 78,000 | 78,000 | 78,000 | 78,000 | 78,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 317,675 | 307,519 | 113,684 | 63,166 | 49,107 | 93,839 | 29,882 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 317,675 | 307,519 | 113,684 | 63,166 | 127,107 | 171,839 | 107,882 | 78,000 | 78,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,390,306 | 9,383,927 | 8,666,781 | 7,523,833 | 5,716,173 | 8,310,784 | 7,965,404 | 8,209,305 | 1,115,191 | 247,000 | 260,882 | 222,199 | 151,000 | 131,311 |
| net assets | 800,796 | 783,193 | 568,433 | 376,200 | 190,502 | 504,305 | 407,293 | -129,139 | -164,053 | -160,534 | -157,365 | -150,317 | -140,839 | -127,073 |
| total shareholders funds | 800,796 | 783,193 | 568,433 | 376,200 | 190,502 | 504,305 | 407,293 | -129,139 | -164,053 | -160,534 | -157,365 | -150,317 | -140,839 | -127,073 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 6,588 | -3,389 | -3,169 | |||||||||||
| Depreciation | 4,805 | 9,128 | 8,027 | 8,027 | 8,027 | 7,190 | 738 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -79,069 | -165,235 | -59,518 | -47,540 | 10,682 | -63,957 | -59,005 | 29,123 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 851,347 | 96,449 | 367,274 | 443,010 | -2,326,424 | 67,140 | 81,633 | 2,159,608 | 47,095 | -62,853 | -2,296 | 71,735 | 147 | 0 |
| Creditors | -16,634 | 22,066 | -643,784 | 662,871 | -11,680 | 18,352 | 5,774 | -263,998 | 267,391 | -4,278 | 4,278 | 0 | 0 | 0 |
| Accruals and Deferred Income | 68,945 | 152,496 | 330,796 | 8,893 | -232,997 | 252,188 | 156,723 | 67,507 | 2,000 | -95,604 | 24,804 | 70,800 | -311 | 5,311 |
| Deferred Taxes & Provisions | 10,156 | 193,835 | 50,518 | 14,059 | -44,732 | 63,957 | 29,882 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,320,388 | 218,907 | -40,198 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 662,578 | 239,921 | 1,697,605 | 734,895 | -374,778 | 243,991 | 78,857 | 5,229,401 | 579,626 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 943,912 | 348,749 | 1,405,418 | 1,199,837 | -2,305,202 | 10,883 | -436,280 | 7,290,605 | 762,800 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -242,000 | 86,000 | 10,000 | 0 | 20,000 | 126,000 |
| 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 | -78,000 | 0 | 0 | 0 | 0 | 78,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -797 | -130 | 0 | 0 | 0 | ||
| cash flow from financing | 943,912 | 348,749 | 1,405,418 | 1,121,837 | -2,305,202 | 10,883 | -436,280 | 7,289,808 | 598,670 | 86,000 | 20,000 | 1,605 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -500,214 | 603,614 | -753,332 | 823,480 | -199,185 | 125,059 | 112,338 | -259,981 | 315,331 | -31,578 | 33,931 | -10,014 | 5,776 | 4,238 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -399 | 399 | 0 | 0 |
| change in cash | -500,214 | 603,614 | -753,332 | 823,480 | -199,185 | 125,059 | 112,338 | -259,981 | 315,331 | -31,578 | 34,330 | -10,413 | 5,776 | 4,238 |
watergate developments limited Credit Report and Business Information
Watergate Developments Limited Competitor Analysis
Perform a competitor analysis for watergate developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
watergate developments limited Ownership
WATERGATE DEVELOPMENTS LIMITED group structure
Watergate Developments Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
WATERGATE DEVELOPMENTS LIMITED
05153399
3 subsidiaries
watergate developments limited directors
Watergate Developments Limited currently has 4 directors. The longest serving directors include Mr Stephen Hudson (Jun 2004) and Mr Dominic Gibbons (Sep 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Hudson | 75 years | Jun 2004 | - | Director | |
| Mr Dominic Gibbons | England | 53 years | Sep 2010 | - | Director |
| Mr David Donkin | England | 62 years | Jul 2016 | - | Director |
| Mr Jonathan Stubbs | England | 54 years | Apr 2018 | - | Director |
P&L
March 2023turnover
798.4k
+74%
operating profit
-349.6
0%
gross margin
55.7%
+1.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
800.8k
+0.02%
total assets
11.2m
+0.1%
cash
269.5k
-0.65%
net assets
Total assets minus all liabilities
Similar Companies
watergate developments limited company details
company number
05153399
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
41100 - Development of building projects
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
June 2004
age
20
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
wykeland house, 47 queen street, hull, east yorkshire, HU1 1UU
last accounts submitted
March 2023
watergate 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 3 charges/mortgages relating to watergate developments limited. Currently there are 3 open charges and 0 have been satisfied in the past.
watergate developments limited Companies House Filings - See Documents
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