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 limitedEstimated 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 limitedEstimated 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 LimitedOverview
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.
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 Rating4.5out of 5
6 Strong
2 Regular
4 Weak
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
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
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
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
with 765 employees, this is above the industry average (27)
765 - Writtle Holdings Limited
27 - Industry AVG
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
resulting in sales per employee of £96k, this is less efficient (£171.4k)
£96k - Writtle Holdings Limited
£171.4k - Industry AVG
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
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
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
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
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
EXPORT
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 House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
73,456,000
77,169,000
67,933,000
66,891,000
78,413,000
70,922,000
65,821,000
72,196,000
83,120,000
83,115,000
88,559,000
88,865,000
62,892,000
35,607,746
26,672,555
Other Income Or Grants
Cost Of Sales
33,164,000
35,334,000
28,519,000
26,516,000
32,468,000
26,290,000
23,959,000
27,226,000
34,617,000
32,595,000
37,363,000
37,116,000
27,983,000
18,411,245
13,706,883
Gross Profit
40,292,000
41,835,000
39,414,000
40,375,000
45,945,000
44,632,000
41,862,000
44,970,000
48,503,000
50,520,000
51,196,000
51,749,000
34,909,000
17,196,501
12,965,672
Admin Expenses
38,698,000
39,629,000
34,221,000
36,802,000
40,436,000
37,924,000
36,401,000
35,636,000
44,595,000
45,568,000
46,110,000
46,893,000
31,328,000
15,156,856
11,669,397
Operating Profit
1,594,000
2,206,000
5,193,000
3,573,000
5,509,000
6,708,000
5,461,000
9,334,000
3,908,000
4,952,000
5,086,000
4,856,000
3,581,000
2,039,645
1,296,275
Interest Payable
17,000
12,000
16,000
24,000
123,000
101,000
305,000
327,000
350,000
639,000
581,000
449,490
510,484
Interest Receivable
127,000
46,000
14,000
4,000
21,000
14,000
200
173
Pre-Tax Profit
1,704,000
2,240,000
5,191,000
3,553,000
5,386,000
6,729,000
5,475,000
9,233,000
3,608,000
4,625,000
5,927,000
3,599,000
3,000,000
1,609,680
795,826
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 Tax
1,058,000
1,891,000
4,433,000
2,524,000
4,374,000
5,205,000
4,409,000
8,168,000
2,775,000
3,717,000
4,095,000
2,431,000
2,111,000
1,053,454
587,348
Dividends Paid
3,873,000
5,549,000
5,648,000
1,292,000
5,164,000
2,898,000
966,000
4,312,000
704,000
609,000
527,000
475,000
254,000
221,349
421,073
Retained Profit
-3,186,000
-4,299,000
-2,344,000
342,000
-1,442,000
1,332,000
3,044,000
3,594,000
1,269,000
2,116,000
2,566,000
759,000
1,098,000
357,728
-248,453
Employee Costs
34,917,000
35,042,000
32,341,000
32,107,000
33,688,000
29,388,000
28,433,000
33,593,000
36,629,000
38,367,000
40,268,000
37,162,000
25,608,000
14,059,735
10,879,714
Number Of Employees
765
711
667
697
684
587
583
737
840
886
942
837
617
374
303
EBITDA*
4,062,000
6,081,000
7,724,000
6,179,000
7,839,000
8,520,000
7,308,000
11,594,000
6,538,000
7,485,000
7,717,000
7,235,000
5,224,000
3,153,765
2,268,100
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
6,592,000
4,667,000
4,547,000
5,401,000
6,329,000
3,937,000
4,119,000
3,981,000
11,471,000
8,660,000
8,473,000
10,539,000
12,172,000
8,276,168
8,039,842
Intangible Assets
5,236,000
6,262,000
7,809,000
8,131,000
9,381,000
8,930,000
9,649,000
10,019,000
11,076,000
11,807,000
13,435,000
12,724,000
13,859,000
2,771,483
2,316,840
Investments & Other
220,000
551,000
498,000
498,000
433,000
100,000
23,000
10,000
171
394,437
Debtors (Due After 1 year)
4,000
4,000
4,000
124,000
122,000
120,000
120,000
124,000
126,000
Total Fixed Assets
11,828,000
10,929,000
12,356,000
13,532,000
15,714,000
13,091,000
14,323,000
14,622,000
23,167,000
21,020,000
22,128,000
23,410,000
26,167,000
11,047,822
10,751,119
Stock & work in progress
1,818,000
1,886,000
1,806,000
1,694,000
1,952,000
2,532,000
1,696,000
1,444,000
1,716,000
1,844,000
2,000,000
2,170,000
2,041,000
1,330,741
602,930
Trade Debtors
15,498,000
15,513,000
14,654,000
15,454,000
19,605,000
15,349,000
15,072,000
14,551,000
17,956,000
18,082,000
16,902,000
19,211,000
17,311,000
7,290,316
6,662,125
Group Debtors
Misc Debtors
3,435,000
4,104,000
3,442,000
3,396,000
3,925,000
3,427,000
3,922,000
3,590,000
4,105,000
6,437,000
6,909,000
4,759,000
3,731,000
1,503,961
742,994
Cash
6,942,000
12,203,000
15,413,000
15,418,000
8,942,000
12,236,000
10,872,000
7,041,000
3,061,000
3,614,000
2,783,000
1,390,000
1,429,000
903,837
558,744
misc current assets
180,000
total current assets
27,693,000
33,706,000
35,315,000
35,962,000
34,424,000
33,544,000
31,562,000
26,626,000
26,838,000
30,157,000
28,594,000
27,530,000
24,512,000
11,028,855
8,566,793
total assets
39,521,000
44,635,000
47,671,000
49,494,000
50,138,000
46,635,000
45,885,000
41,248,000
50,005,000
51,177,000
50,722,000
50,940,000
50,679,000
22,076,677
19,317,912
Bank overdraft
15,000
679,000
3,653,000
4,453,000
2,155,000
2,620,000
32,533
93,967
Bank loan
1,949,000
1,687,000
295,527
327,590
Trade Creditors
5,743,000
6,385,000
5,972,000
5,222,000
6,857,000
4,361,000
4,682,000
3,836,000
6,599,000
5,922,000
5,768,000
7,156,000
6,610,000
3,660,106
2,219,637
Group/Directors Accounts
other short term finances
1,484,000
911,000
1,379,000
2,517,000
1,192,702
1,715,744
hp & lease commitments
174,000
121,000
204,000
195,000
187,000
446,000
302,000
433,000
409,000
481,000
441,707
294,917
other current liabilities
9,999,000
9,984,000
9,960,000
11,518,000
11,234,000
10,358,000
10,782,000
10,664,000
11,010,000
11,824,000
12,970,000
11,894,000
14,294,000
4,325,785
3,466,446
total current liabilities
15,916,000
16,490,000
16,136,000
16,950,000
18,278,000
14,719,000
15,464,000
14,500,000
20,218,000
22,612,000
25,003,000
26,080,000
25,692,000
9,948,360
8,118,301
loans
3,873,000
4,532,000
3,726,000
5,555,000
7,425,000
3,433,156
3,741,125
hp & lease commitments
166,000
125,000
76,000
280,000
476,000
855,000
286,000
372,000
490,000
683,000
866,316
407,062
Accruals and Deferred Income
other liabilities
13,000
129,000
75,980
provisions
699,000
878,000
1,069,000
233,000
135,000
152,000
156,000
59,000
328,000
197,000
141,000
total long term liabilities
865,000
1,003,000
1,145,000
513,000
611,000
152,000
156,000
59,000
5,056,000
5,015,000
4,239,000
6,058,000
8,237,000
4,375,452
4,148,187
total liabilities
16,781,000
17,493,000
17,281,000
17,463,000
18,889,000
14,871,000
15,620,000
14,559,000
25,274,000
27,627,000
29,242,000
32,138,000
33,929,000
14,323,812
12,266,488
net assets
19,487,000
23,486,000
26,948,000
29,036,000
28,192,000
29,252,000
28,188,000
24,927,000
21,485,000
20,601,000
18,625,000
15,580,000
14,821,000
6,354,510
5,681,000
total shareholders funds
19,487,000
23,486,000
26,948,000
29,036,000
28,192,000
29,252,000
28,188,000
24,927,000
21,485,000
20,601,000
18,625,000
15,580,000
14,821,000
6,354,510
5,681,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
1,594,000
2,206,000
5,193,000
3,573,000
5,509,000
6,708,000
5,461,000
9,334,000
3,908,000
4,952,000
5,086,000
4,856,000
3,581,000
2,039,645
1,296,275
Depreciation
1,399,000
1,323,000
1,307,000
1,467,000
1,407,000
1,093,000
1,128,000
1,543,000
1,899,000
1,800,000
1,923,000
1,882,000
1,491,000
965,868
885,168
Amortisation
1,069,000
2,552,000
1,224,000
1,139,000
923,000
719,000
719,000
717,000
731,000
733,000
708,000
497,000
152,000
148,252
86,657
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
-68,000
80,000
112,000
-258,000
-580,000
836,000
252,000
-272,000
-128,000
-156,000
-170,000
129,000
710,259
727,811
602,930
Debtors
-684,000
1,521,000
-754,000
-4,684,000
4,754,000
-218,000
733,000
-3,918,000
-2,456,000
708,000
-163,000
2,926,000
12,373,723
1,389,158
7,405,119
Creditors
-642,000
413,000
750,000
-1,635,000
2,496,000
-321,000
846,000
-2,763,000
677,000
154,000
-1,388,000
546,000
2,949,894
1,440,469
2,219,637
Accruals and Deferred Income
15,000
24,000
-1,558,000
284,000
876,000
-424,000
118,000
-346,000
-814,000
-1,146,000
1,076,000
-2,400,000
9,968,215
859,339
3,466,446
Deferred Taxes & Provisions
-179,000
-191,000
836,000
98,000
-17,000
-4,000
97,000
-269,000
131,000
56,000
141,000
Cash flow from operations
3,362,000
4,377,000
7,636,000
8,839,000
6,008,000
5,629,000
6,318,000
11,341,000
8,283,000
5,089,000
6,047,000
1,158,000
4,169,127
2,780,378
-262,344
Investing Activities
capital expenditure
-1,003,000
-1,766,000
6,496,000
-5,021,000
-1,526,000
-103,000
374,000
-2,006,000
-714,741
-185,756
Change in Investments
-220,000
-331,000
53,000
65,000
333,000
77,000
13,000
9,829
-394,266
394,437
cash flow from investments
220,000
-672,000
-1,819,000
6,496,000
-5,086,000
-1,859,000
-180,000
361,000
-2,015,829
-320,475
-580,193
Financing Activities
Bank loans
-1,949,000
262,000
1,391,473
-32,063
327,590
Group/Directors Accounts
Other Short Term Loans
-1,484,000
573,000
-468,000
-1,138,000
2,517,000
-1,192,702
-523,042
1,715,744
Long term loans
-3,873,000
-659,000
806,000
-1,829,000
-1,870,000
3,991,844
-307,969
3,741,125
Hire Purchase and Lease Commitments
94,000
-34,000
-195,000
-188,000
663,000
-1,301,000
713,000
-217,000
-94,000
-265,000
-144,023
606,044
701,979
other long term liabilities
-13,000
-116,000
53,020
75,980
share issue
-813,000
837,000
256,000
502,000
382,000
-268,000
217,000
-152,000
-385,000
-140,000
479,000
7,368,490
315,782
5,929,453
interest
110,000
34,000
-2,000
-20,000
-123,000
21,000
14,000
-101,000
-305,000
-327,000
-350,000
-639,000
-581,000
-449,290
-510,311
cash flow from financing
-609,000
837,000
59,000
294,000
922,000
-247,000
231,000
-6,911,000
-63,000
-346,000
-4,894,000
-111,000
10,887,102
-314,558
11,905,580
cash and cash equivalents
cash
-5,261,000
-3,210,000
-5,000
6,476,000
-3,294,000
1,364,000
3,831,000
3,980,000
-553,000
831,000
1,393,000
-39,000
525,163
345,093
558,744
overdraft
-15,000
15,000
-679,000
-2,974,000
-800,000
2,298,000
-465,000
2,587,467
-61,434
93,967
change in cash
-5,261,000
-3,210,000
10,000
6,461,000
-3,294,000
1,364,000
3,831,000
4,659,000
2,421,000
1,631,000
-905,000
426,000
-2,062,304
406,527
464,777
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 Ownership
WRITTLE HOLDINGS LIMITED group structure
Writtle Holdings Limited has 6 subsidiary companies.
The largest shareholders in Writtle Holdings Limited include R.T.T. Essex and Vss Structured Capital - Annex Fund L.P..
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).
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 limitedCompanies House Filings - See Documents
