Water Mist & Fire Engineering Limited

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water mist & fire engineering limited Company Information

Live

EstablishedSmallDeclining

Company Number

05450113

Website

http://www.wmfe.co.uk

Registered Address

invision house, wilbury way, hitchin, hertfordshire, SG4 0TY

Industry

Fire service activities

Telephone

441462646123

Next Accounts Due

February 2025

Group Structure

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Directors

Alister Sykes12 Years

Shareholders

alister sykes 42.9%

kevin sykes 42.9%

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water mist & fire engineering limited Estimated Valuation

£851.7k

Pomanda estimates the enterprise value of WATER MIST & FIRE ENGINEERING LIMITED at £851.7k based on Net Assets of £450.6k and 1.89x industry multiple (adjusted for liquidity).

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Water Mist & Fire Engineering Limited is a live company located in hitchin, SG4 0TY with a Companies House number of 05450113. It operates in the fire service activities sector, SIC Code 84250. Founded in May 2005, it's largest shareholder is alister sykes with a 42.9% stake. Water Mist & Fire Engineering Limited is a established, small sized company, Pomanda has estimated its turnover at £506.2k with declining growth in recent years.

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

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £506.2k, make it in line with the average company (£448.4k)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (8.3%)

EXPORT

Water Mist & Fire Engineering Limited's latest turnover from May 2023 is estimated at £506.2 thousand and the company has net assets of £450.6 thousand. According to their latest financial statements, Water Mist & Fire Engineering Limited has 5 employees and maintains cash reserves of £328.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	506,204	455,008	311,971	758,298	967,925	385,070	915,914	852,159	945,038	492,390	465,054	1,042,549	700,242	838,779
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	274,905	202,357	159,769	314,313	586,157	294,834	661,477	517,995	608,706	280,169	317,615	599,764	443,359	344,719
Gross Profit	231,299	252,651	152,202	443,985	381,769	90,236	254,437	334,164	336,331	212,221	147,439	442,785	256,883	494,060
Admin Expenses	282,529	134,198	152,706	103,121	250,532	143,993	278,998	354,160	346,505	237,322	85,434	436,186	275,600	354,519
Operating Profit	-51,230	118,453	-504	340,864	131,237	-53,757	-24,561	-19,996	-10,174	-25,101	62,005	6,599	-18,717	139,541
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,204	3,329	409	293	491	469	392	577	625	1,031	752	249	168	113
Pre-Tax Profit	-36,026	121,781	-95	341,157	131,728	-53,288	-24,169	-19,419	-9,549	-24,070	62,757	6,849	-18,549	139,654
Tax	0	-23,138	0	-64,820	-25,028	0	0	0	0	0	-14,434	-1,644	0	-39,103
Profit After Tax	-36,026	98,643	-95	276,337	106,700	-53,288	-24,169	-19,419	-9,549	-24,070	48,323	5,205	-18,549	100,551
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-36,026	98,643	-95	276,337	106,700	-53,288	-24,169	-19,419	-9,549	-24,070	48,323	5,205	-18,549	100,551
Employee Costs	180,583	174,588	155,351	167,595	173,946	164,313	169,921	227,423	245,005	135,456	100,087	264,274	223,217	278,140
Number Of Employees	5	5	5	5	5	5	5	5	7	4	3	9	7	8
EBITDA*	-51,230	118,453	29,053	354,281	145,579	-36,487	-2,707	-10,965	-5,085	-22,101	65,149	12,511	-13,572	146,622

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	128,922	85,490	85,936	38,975	41,091	51,024	64,293	25,964	13,673	7,089	4,861	12,265	12,801	17,471
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	128,922	85,490	85,936	38,975	41,091	51,024	64,293	25,964	13,673	7,089	4,861	12,265	12,801	17,471
Stock & work in progress	7,400	6,850	5,975	5,450	20,893	0	0	0	0	0	0	0	56,297	0
Trade Debtors	157,734	139,252	86,027	203,770	245,280	68,453	184,574	174,875	154,354	66,571	48,885	206,743	120,630	165,152
Group Debtors	924	924	924	924	924	0	0	0	0	0	0	0	0	0
Misc Debtors	13,748	39,918	18,171	12,885	36,973	15,719	28,041	24,255	0	0	0	0	0	0
Cash	328,354	347,368	318,391	498,882	87,026	43,900	143,709	170,009	60,640	189,393	222,986	77,843	21,862	45,178
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	508,160	534,312	429,488	721,911	391,096	128,072	356,324	369,139	214,994	255,964	271,871	284,586	198,789	210,330
total assets	637,082	619,802	515,424	760,886	432,187	179,096	420,617	395,103	228,667	263,053	276,732	296,851	211,590	227,801
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	10,734	12,073	8,448	122,577	87,788	7,065	148,156	135,127	125,072	149,909	138,518	206,470	126,896	123,577
Group/Directors Accounts	0	0	0	0	0	25,326	44,076	44,076	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	146,184	103,851	102,271	242,812	224,376	137,105	165,406	128,195	0	0	0	0	0	0
total current liabilities	156,918	115,924	110,719	365,389	312,164	169,496	357,638	307,398	125,072	149,909	138,518	206,470	126,896	123,577
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	0	0	0	0	0	0	0	0	0	0
provisions	29,549	17,237	16,707	7,405	8,268	4,545	4,636	5,193	1,664	1,664	2,664	3,170	2,688	3,669
total long term liabilities	29,549	17,237	16,707	7,405	8,268	4,545	4,636	5,193	1,664	1,664	2,664	3,170	2,688	3,669
total liabilities	186,467	133,161	127,426	372,794	320,432	174,041	362,274	312,591	126,736	151,573	141,182	209,640	129,584	127,246
net assets	450,615	486,641	387,998	388,092	111,755	5,055	58,343	82,512	101,931	111,480	135,550	87,211	82,006	100,555
total shareholders funds	450,615	486,641	387,998	388,092	111,755	5,055	58,343	82,512	101,931	111,480	135,550	87,211	82,006	100,555

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-51,230	118,453	-504	340,864	131,237	-53,757	-24,561	-19,996	-10,174	-25,101	62,005	6,599	-18,717	139,541
Depreciation	0	0	29,557	13,417	14,342	17,270	21,854	9,031	5,089	3,000	3,144	5,912	5,145	7,081
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-23,138	0	-64,820	-25,028	0	0	0	0	0	-14,434	-1,644	0	-39,103
Stock	550	875	525	-15,443	20,893	0	0	0	0	0	0	-56,297	56,297	0
Debtors	-7,688	74,972	-112,457	-65,598	199,005	-128,443	13,485	44,776	87,783	17,686	-157,858	86,113	-44,522	165,152
Creditors	-1,339	3,625	-114,129	34,789	80,723	-141,091	13,029	10,055	-24,837	11,391	-67,952	79,574	3,319	123,577
Accruals and Deferred Income	42,333	1,580	-140,541	18,436	87,271	-28,301	37,211	128,195	0	0	0	0	0	0
Deferred Taxes & Provisions	12,312	530	9,302	-863	3,723	-91	-557	3,529	0	-1,000	-506	482	-981	3,669
Cash flow from operations	9,214	25,203	-104,383	422,864	72,370	-77,527	33,491	86,038	-117,705	-29,396	140,115	61,107	-23,009	69,613
Investing Activities
capital expenditure	-43,432	446	-76,518	-11,301	-4,409	-4,001	-60,183	-21,322	-11,673	-5,228	4,260	-5,376	-475	-24,552
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-43,432	446	-76,518	-11,301	-4,409	-4,001	-60,183	-21,322	-11,673	-5,228	4,260	-5,376	-475	-24,552
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	-25,326	-18,750	0	44,076	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	1	0	0	0	0	0	0	0	16	0	0	4
interest	15,204	3,329	409	293	491	469	392	577	625	1,031	752	249	168	113
cash flow from financing	15,204	3,329	410	293	-24,835	-18,281	392	44,653	625	1,031	768	249	168	117
cash and cash equivalents
cash	-19,014	28,977	-180,491	411,856	43,126	-99,809	-26,300	109,369	-128,753	-33,593	145,143	55,981	-23,316	45,178
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-19,014	28,977	-180,491	411,856	43,126	-99,809	-26,300	109,369	-128,753	-33,593	145,143	55,981	-23,316	45,178

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WATER MIST & FIRE ENGINEERING LIMITED group structure

Water Mist & Fire Engineering Limited has no subsidiary companies.

Ultimate parent company

WATER MIST & FIRE ENGINEERING LIMITED

05450113

WATER MIST & FIRE ENGINEERING LIMITED Shareholders

alister sykes	42.86%
kevin sykes	42.86%
susan diane sykes	9.52%
martine harlow	4.76%

Water Mist & Fire Engineering Limited currently has 1 director, Mr Alister Sykes serving since Jun 2012.

officer	country	age	start	end	role
Mr Alister Sykes		41 years	Jun 2012	-	Director

P&L

May 2023

turnover

506.2k

+11%

operating profit

-51.2k

gross margin

45.7%

-17.71%

turnover

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

Balance Sheet

May 2023

net assets

450.6k

-0.07%

total assets

637.1k

+0.03%

cash

328.4k

-0.05%

net assets

Total assets minus all liabilities

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company number

05450113

Type

Private limited with Share Capital

industry

84250 - Fire service activities

incorporation date

May 2005

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

invision house, wilbury way, hitchin, hertfordshire, SG4 0TY

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 water mist & fire engineering limited. Currently there are 2 open charges and 0 have been satisfied in the past.

water mist & fire engineering limited Company Information

water mist & fire engineering limited Estimated Valuation

water mist & fire engineering limited Estimated Valuation

water mist & fire engineering limited Estimated Valuation

Water Mist & Fire Engineering Limited Overview

Water Mist & Fire Engineering Limited Health Check

WATER MIST & FIRE ENGINEERING LIMITED financials

water mist & fire engineering limited Credit Report and Business Information

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water mist & fire engineering limited Ownership

water mist & fire engineering limited directors

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