writtle holdings limited

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writtle holdings limited Company Information

Share WRITTLE HOLDINGS LIMITED

Company Number

05226380

Shareholders

r.t.t. essex

vss structured capital - annex fund l.p.

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

30 park street, london, SE1 9EQ

writtle holdings limited Estimated Valuation

£110.5m

Pomanda estimates the enterprise value of WRITTLE HOLDINGS LIMITED at £110.5m based on a Turnover of £73.5m and 1.5x industry multiple (adjusted for size and gross margin).

writtle holdings limited Estimated Valuation

£44.7m

Pomanda estimates the enterprise value of WRITTLE HOLDINGS LIMITED at £44.7m based on an EBITDA of £4.1m and a 11.01x industry multiple (adjusted for size and gross margin).

writtle holdings limited Estimated Valuation

£41.6m

Pomanda estimates the enterprise value of WRITTLE HOLDINGS LIMITED at £41.6m based on Net Assets of £19.5m and 2.13x industry multiple (adjusted for liquidity).

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Writtle Holdings Limited Overview

Writtle Holdings Limited is a live company located in london, SE1 9EQ with a Companies House number of 05226380. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2004, it's largest shareholder is r.t.t. essex with a 16.8% stake. Writtle Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £73.5m with low growth in recent years.

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Writtle Holdings Limited Health Check

Pomanda's financial health check has awarded Writtle Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £73.5m, make it larger than the average company (£4.8m)

£73.5m - Writtle Holdings Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.6%)

3% - Writtle Holdings Limited

6.6% - Industry AVG

production

Production

with a gross margin of 54.9%, this company has a lower cost of product (38.3%)

54.9% - Writtle Holdings Limited

38.3% - Industry AVG

profitability

Profitability

an operating margin of 2.2% make it less profitable than the average company (5.7%)

2.2% - Writtle Holdings Limited

5.7% - Industry AVG

employees

Employees

with 765 employees, this is above the industry average (27)

765 - Writtle Holdings Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.6k, the company has an equivalent pay structure (£54k)

£45.6k - Writtle Holdings Limited

£54k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £96k, this is less efficient (£171.4k)

£96k - Writtle Holdings Limited

£171.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 77 days, this is later than average (42 days)

77 days - Writtle Holdings Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 63 days, this is slower than average (32 days)

63 days - Writtle Holdings Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 20 days, this is less than average (33 days)

20 days - Writtle Holdings Limited

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 22 weeks, this is average cash available to meet short term requirements (22 weeks)

22 weeks - Writtle Holdings Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 42.5%, this is a lower level of debt than the average (62.5%)

42.5% - Writtle Holdings Limited

62.5% - Industry AVG

WRITTLE HOLDINGS LIMITED financials

EXPORTms excel logo

Writtle Holdings Limited's latest turnover from December 2023 is £73.5 million and the company has net assets of £19.5 million. According to their latest financial statements, Writtle Holdings Limited has 765 employees and maintains cash reserves of £6.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover73,456,00077,169,00067,933,00066,891,00078,413,00070,922,00065,821,00072,196,00083,120,00083,115,00088,559,00088,865,00062,892,00035,607,74626,672,555
Other Income Or Grants
Cost Of Sales33,164,00035,334,00028,519,00026,516,00032,468,00026,290,00023,959,00027,226,00034,617,00032,595,00037,363,00037,116,00027,983,00018,411,24513,706,883
Gross Profit40,292,00041,835,00039,414,00040,375,00045,945,00044,632,00041,862,00044,970,00048,503,00050,520,00051,196,00051,749,00034,909,00017,196,50112,965,672
Admin Expenses38,698,00039,629,00034,221,00036,802,00040,436,00037,924,00036,401,00035,636,00044,595,00045,568,00046,110,00046,893,00031,328,00015,156,85611,669,397
Operating Profit1,594,0002,206,0005,193,0003,573,0005,509,0006,708,0005,461,0009,334,0003,908,0004,952,0005,086,0004,856,0003,581,0002,039,6451,296,275
Interest Payable17,00012,00016,00024,000123,000101,000305,000327,000350,000639,000581,000449,490510,484
Interest Receivable127,00046,00014,0004,00021,00014,000200173
Pre-Tax Profit1,704,0002,240,0005,191,0003,553,0005,386,0006,729,0005,475,0009,233,0003,608,0004,625,0005,927,0003,599,0003,000,0001,609,680795,826
Tax-646,000-349,000-758,000-1,029,000-1,012,000-1,524,000-1,066,000-1,065,000-833,000-908,000-1,832,000-1,168,000-889,000-556,226-208,478
Profit After Tax1,058,0001,891,0004,433,0002,524,0004,374,0005,205,0004,409,0008,168,0002,775,0003,717,0004,095,0002,431,0002,111,0001,053,454587,348
Dividends Paid3,873,0005,549,0005,648,0001,292,0005,164,0002,898,000966,0004,312,000704,000609,000527,000475,000254,000221,349421,073
Retained Profit-3,186,000-4,299,000-2,344,000342,000-1,442,0001,332,0003,044,0003,594,0001,269,0002,116,0002,566,000759,0001,098,000357,728-248,453
Employee Costs34,917,00035,042,00032,341,00032,107,00033,688,00029,388,00028,433,00033,593,00036,629,00038,367,00040,268,00037,162,00025,608,00014,059,73510,879,714
Number Of Employees765711667697684587583737840886942837617374303
EBITDA*4,062,0006,081,0007,724,0006,179,0007,839,0008,520,0007,308,00011,594,0006,538,0007,485,0007,717,0007,235,0005,224,0003,153,7652,268,100

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets6,592,0004,667,0004,547,0005,401,0006,329,0003,937,0004,119,0003,981,00011,471,0008,660,0008,473,00010,539,00012,172,0008,276,1688,039,842
Intangible Assets5,236,0006,262,0007,809,0008,131,0009,381,0008,930,0009,649,00010,019,00011,076,00011,807,00013,435,00012,724,00013,859,0002,771,4832,316,840
Investments & Other220,000551,000498,000498,000433,000100,00023,00010,000171394,437
Debtors (Due After 1 year)4,0004,0004,000124,000122,000120,000120,000124,000126,000
Total Fixed Assets11,828,00010,929,00012,356,00013,532,00015,714,00013,091,00014,323,00014,622,00023,167,00021,020,00022,128,00023,410,00026,167,00011,047,82210,751,119
Stock & work in progress1,818,0001,886,0001,806,0001,694,0001,952,0002,532,0001,696,0001,444,0001,716,0001,844,0002,000,0002,170,0002,041,0001,330,741602,930
Trade Debtors15,498,00015,513,00014,654,00015,454,00019,605,00015,349,00015,072,00014,551,00017,956,00018,082,00016,902,00019,211,00017,311,0007,290,3166,662,125
Group Debtors
Misc Debtors3,435,0004,104,0003,442,0003,396,0003,925,0003,427,0003,922,0003,590,0004,105,0006,437,0006,909,0004,759,0003,731,0001,503,961742,994
Cash6,942,00012,203,00015,413,00015,418,0008,942,00012,236,00010,872,0007,041,0003,061,0003,614,0002,783,0001,390,0001,429,000903,837558,744
misc current assets180,000
total current assets27,693,00033,706,00035,315,00035,962,00034,424,00033,544,00031,562,00026,626,00026,838,00030,157,00028,594,00027,530,00024,512,00011,028,8558,566,793
total assets39,521,00044,635,00047,671,00049,494,00050,138,00046,635,00045,885,00041,248,00050,005,00051,177,00050,722,00050,940,00050,679,00022,076,67719,317,912
Bank overdraft15,000679,0003,653,0004,453,0002,155,0002,620,00032,53393,967
Bank loan1,949,0001,687,000295,527327,590
Trade Creditors 5,743,0006,385,0005,972,0005,222,0006,857,0004,361,0004,682,0003,836,0006,599,0005,922,0005,768,0007,156,0006,610,0003,660,1062,219,637
Group/Directors Accounts
other short term finances1,484,000911,0001,379,0002,517,0001,192,7021,715,744
hp & lease commitments174,000121,000204,000195,000187,000446,000302,000433,000409,000481,000441,707294,917
other current liabilities9,999,0009,984,0009,960,00011,518,00011,234,00010,358,00010,782,00010,664,00011,010,00011,824,00012,970,00011,894,00014,294,0004,325,7853,466,446
total current liabilities15,916,00016,490,00016,136,00016,950,00018,278,00014,719,00015,464,00014,500,00020,218,00022,612,00025,003,00026,080,00025,692,0009,948,3608,118,301
loans3,873,0004,532,0003,726,0005,555,0007,425,0003,433,1563,741,125
hp & lease commitments166,000125,00076,000280,000476,000855,000286,000372,000490,000683,000866,316407,062
Accruals and Deferred Income
other liabilities13,000129,00075,980
provisions699,000878,0001,069,000233,000135,000152,000156,00059,000328,000197,000141,000
total long term liabilities865,0001,003,0001,145,000513,000611,000152,000156,00059,0005,056,0005,015,0004,239,0006,058,0008,237,0004,375,4524,148,187
total liabilities16,781,00017,493,00017,281,00017,463,00018,889,00014,871,00015,620,00014,559,00025,274,00027,627,00029,242,00032,138,00033,929,00014,323,81212,266,488
net assets19,487,00023,486,00026,948,00029,036,00028,192,00029,252,00028,188,00024,927,00021,485,00020,601,00018,625,00015,580,00014,821,0006,354,5105,681,000
total shareholders funds19,487,00023,486,00026,948,00029,036,00028,192,00029,252,00028,188,00024,927,00021,485,00020,601,00018,625,00015,580,00014,821,0006,354,5105,681,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,594,0002,206,0005,193,0003,573,0005,509,0006,708,0005,461,0009,334,0003,908,0004,952,0005,086,0004,856,0003,581,0002,039,6451,296,275
Depreciation1,399,0001,323,0001,307,0001,467,0001,407,0001,093,0001,128,0001,543,0001,899,0001,800,0001,923,0001,882,0001,491,000965,868885,168
Amortisation1,069,0002,552,0001,224,0001,139,000923,000719,000719,000717,000731,000733,000708,000497,000152,000148,25286,657
Tax-646,000-349,000-758,000-1,029,000-1,012,000-1,524,000-1,066,000-1,065,000-833,000-908,000-1,832,000-1,168,000-889,000-556,226-208,478
Stock-68,00080,000112,000-258,000-580,000836,000252,000-272,000-128,000-156,000-170,000129,000710,259727,811602,930
Debtors-684,0001,521,000-754,000-4,684,0004,754,000-218,000733,000-3,918,000-2,456,000708,000-163,0002,926,00012,373,7231,389,1587,405,119
Creditors-642,000413,000750,000-1,635,0002,496,000-321,000846,000-2,763,000677,000154,000-1,388,000546,0002,949,8941,440,4692,219,637
Accruals and Deferred Income15,00024,000-1,558,000284,000876,000-424,000118,000-346,000-814,000-1,146,0001,076,000-2,400,0009,968,215859,3393,466,446
Deferred Taxes & Provisions-179,000-191,000836,00098,000-17,000-4,00097,000-269,000131,00056,000141,000
Cash flow from operations3,362,0004,377,0007,636,0008,839,0006,008,0005,629,0006,318,00011,341,0008,283,0005,089,0006,047,0001,158,0004,169,1272,780,378-262,344
Investing Activities
capital expenditure-1,003,000-1,766,0006,496,000-5,021,000-1,526,000-103,000374,000-2,006,000-714,741-185,756
Change in Investments-220,000-331,00053,00065,000333,00077,00013,0009,829-394,266394,437
cash flow from investments220,000-672,000-1,819,0006,496,000-5,086,000-1,859,000-180,000361,000-2,015,829-320,475-580,193
Financing Activities
Bank loans-1,949,000262,0001,391,473-32,063327,590
Group/Directors Accounts
Other Short Term Loans -1,484,000573,000-468,000-1,138,0002,517,000-1,192,702-523,0421,715,744
Long term loans-3,873,000-659,000806,000-1,829,000-1,870,0003,991,844-307,9693,741,125
Hire Purchase and Lease Commitments94,000-34,000-195,000-188,000663,000-1,301,000713,000-217,000-94,000-265,000-144,023606,044701,979
other long term liabilities-13,000-116,00053,02075,980
share issue-813,000837,000256,000502,000382,000-268,000217,000-152,000-385,000-140,000479,0007,368,490315,7825,929,453
interest110,00034,000-2,000-20,000-123,00021,00014,000-101,000-305,000-327,000-350,000-639,000-581,000-449,290-510,311
cash flow from financing-609,000837,00059,000294,000922,000-247,000231,000-6,911,000-63,000-346,000-4,894,000-111,00010,887,102-314,55811,905,580
cash and cash equivalents
cash-5,261,000-3,210,000-5,0006,476,000-3,294,0001,364,0003,831,0003,980,000-553,000831,0001,393,000-39,000525,163345,093558,744
overdraft-15,00015,000-679,000-2,974,000-800,0002,298,000-465,0002,587,467-61,43493,967
change in cash-5,261,000-3,210,00010,0006,461,000-3,294,0001,364,0003,831,0004,659,0002,421,0001,631,000-905,000426,000-2,062,304406,527464,777

writtle holdings 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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Writtle Holdings Limited Competitor Analysis

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Perform a competitor analysis for writtle holdings limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.

writtle holdings limited Ownership

WRITTLE HOLDINGS LIMITED group structure

Writtle Holdings Limited has 6 subsidiary companies.

WRITTLE HOLDINGS LIMITED Shareholders

r.t.t. essex 16.82%
vss structured capital - annex fund l.p. 11.12%
trustee of the charlemagne 2005 employee benefit trust-sub trust 01 6.48%
a.v. skeggs 5.09%
the writtle holdings ltd employee share ownership trust 4.86%
c.s. alexander 3.7%
a. sutcliffe 3.2%
r.e. fowler 3.06%
a.m. jenks 2.56%
l.a.l. essex 2.51%

writtle holdings limited directors

Writtle Holdings Limited currently has 8 directors. The longest serving directors include Mr Robert Essex (Oct 2004) and Mr Andrew Sutcliffe (Nov 2007).

officercountryagestartendrole
Mr Robert Essex64 years Oct 2004- Director
Mr Andrew Sutcliffe62 years Nov 2007- Director
Mr Alan WrightEngland65 years Jul 2009- Director
Mr Graeme Harris58 years Sep 2011- Director
Mr David Powell73 years Apr 2012- Director
Mr Matthew Gilmore51 years Jan 2017- Director
Ms Tracy Scutt58 years Mar 2018- Director
Mr Richard SaysellUnited Kingdom55 years Jan 2023- Director

P&L

December 2023

turnover

73.5m

-5%

operating profit

1.6m

-28%

gross margin

54.9%

+1.18%

turnover

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

Balance Sheet

December 2023

net assets

19.5m

-0.17%

total assets

39.5m

-0.11%

cash

6.9m

-0.43%

net assets

Total assets minus all liabilities

writtle holdings limited company details

company number

05226380

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 2004

age

21

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

cherrybeck limited (November 2007)

accountant

-

auditor

MOORE KINGSTON SMITH LLP

address

30 park street, london, SE1 9EQ

Bank

-

Legal Advisor

-

writtle holdings 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 4 charges/mortgages relating to writtle holdings limited. Currently there are 4 open charges and 0 have been satisfied in the past.

writtle holdings 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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writtle holdings limited Companies House Filings - See Documents

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