witts limited
witts limited Company Information
Company Number
05569020
Website
wittstransport.comRegistered Address
heskin hall farm wood lane, heskin, preston, PR7 5PA
Industry
Other transportation support activities
Telephone
01923773232
Next Accounts Due
4 days late
Group Structure
View All
Shareholders
simon charles wallace 98%
mr simon charles wallace 1%
View Allwitts limited Estimated Valuation
Pomanda estimates the enterprise value of WITTS LIMITED at £656.8k based on a Turnover of £1.5m and 0.45x industry multiple (adjusted for size and gross margin).
witts limited Estimated Valuation
Pomanda estimates the enterprise value of WITTS LIMITED at £368.1k based on an EBITDA of £127.4k and a 2.89x industry multiple (adjusted for size and gross margin).
witts limited Estimated Valuation
Pomanda estimates the enterprise value of WITTS LIMITED at £131k based on Net Assets of £65.3k and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Witts Limited Overview
Witts Limited is a live company located in preston, PR7 5PA with a Companies House number of 05569020. It operates in the other transportation support activities sector, SIC Code 52290. Founded in September 2005, it's largest shareholder is simon charles wallace with a 98% stake. Witts Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.
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Witts Limited Health Check
Pomanda's financial health check has awarded Witts Limited a 3 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
2 Strong
3 Regular
6 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£11.1m)
- Witts Limited
£11.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8.5%)
- Witts Limited
8.5% - Industry AVG
Production
with a gross margin of 22.5%, this company has a comparable cost of product (22.5%)
- Witts Limited
22.5% - Industry AVG
Profitability
an operating margin of 6% make it as profitable than the average company (5.1%)
- Witts Limited
5.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (44)
2 - Witts Limited
44 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
- Witts Limited
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £730.4k, this is more efficient (£281.7k)
- Witts Limited
£281.7k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (50 days)
- Witts Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (38 days)
- Witts Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is more than average (5 days)
- Witts Limited
5 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Witts Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.8%, this is a higher level of debt than the average (66.9%)
90.8% - Witts Limited
66.9% - Industry AVG
WITTS LIMITED financials
Witts Limited's latest turnover from December 2022 is estimated at £1.5 million and the company has net assets of £65.3 thousand. According to their latest financial statements, Witts Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 2,038,340 | 1,914,114 | 974,553 | 1,721,144 | 917,882 | |||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 1,668,342 | 1,573,534 | 767,990 | 1,476,657 | 709,199 | |||||||||
| Gross Profit | 369,998 | 340,580 | 206,563 | 244,487 | 208,683 | |||||||||
| Admin Expenses | 220,309 | 237,051 | 160,680 | 209,884 | 144,930 | |||||||||
| Operating Profit | 149,689 | 103,529 | 45,883 | 34,603 | 63,753 | |||||||||
| Interest Payable | 0 | 7,405 | 3,199 | 0 | 0 | |||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | 149,689 | 98,987 | 42,684 | 34,603 | 63,753 | |||||||||
| Tax | -32,618 | -21,261 | -31,093 | -6,839 | -15,554 | |||||||||
| Profit After Tax | 117,071 | 77,726 | 11,591 | 27,764 | 48,199 | |||||||||
| Dividends Paid | 0 | 73,266 | 25,980 | 30,000 | 45,000 | |||||||||
| Retained Profit | 117,071 | 4,460 | -14,389 | -2,236 | 3,199 | |||||||||
| Employee Costs | 176,087 | 120,982 | ||||||||||||
| Number Of Employees | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 3 | ||||
| EBITDA* | 150,199 | 116,139 | 55,010 | 35,758 | 65,094 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 153,087 | 17,978 | 17,627 | 23,326 | 31,101 | 414 | 2,778 | 4,774 | 50,436 | 56,346 | 1,945 | 2,592 | 3,456 | 4,021 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 1,275 | 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 | 153,087 | 17,978 | 18,902 | 23,326 | 31,101 | 414 | 2,778 | 4,774 | 50,436 | 56,346 | 1,945 | 2,592 | 3,456 | 4,021 |
| Stock & work in progress | 56,142 | 61,903 | 62,428 | 65,827 | 52,205 | 40,672 | 41,770 | 35,389 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 398,849 | 257,774 | 198,551 | 201,168 | 364,107 | 273,610 | 313,501 | 198,054 | 287,808 | 235,138 | 333,224 | 330,812 | 477,903 | 247,932 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 99,234 | 93,536 | 114,692 | 79,545 | 93,127 | 106,021 | 91,502 | 72,090 | 99,152 | 12,632 | 0 | 0 | 49,000 | 0 |
| Cash | 0 | 0 | 0 | 16,110 | 62,332 | 302 | 5,090 | 2,307 | 38,394 | 12,608 | 22,267 | 100 | 100 | 5,162 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,993 | 7,668 | 0 | 0 | 0 | 0 |
| total current assets | 554,225 | 413,213 | 375,671 | 362,650 | 571,771 | 420,605 | 451,863 | 307,840 | 446,347 | 268,046 | 355,491 | 330,912 | 527,003 | 253,094 |
| total assets | 707,312 | 431,191 | 394,573 | 385,976 | 602,872 | 421,019 | 454,641 | 312,614 | 496,783 | 324,392 | 357,436 | 333,504 | 530,459 | 257,115 |
| Bank overdraft | 10,652 | 6,819 | 6,587 | 0 | 0 | 4,228 | 0 | 0 | 0 | 0 | 0 | 0 | 10,959 | 0 |
| Bank loan | 48,877 | 19,131 | 8,484 | 8,484 | 0 | 0 | 7,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,368 | 21,651 | 26,245 | 30,817 | 30,523 | 46,275 | 73,383 | 64,028 | 121,075 | 61,092 | 380,005 | 490,580 | 35,598 | 14,927 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 203,706 | 142,306 | 0 | 0 | 33,812 | 51,534 |
| hp & lease commitments | 7,223 | 7,223 | 14,286 | 14,286 | 0 | 883 | 1,795 | 2,670 | 2,670 | 9,855 | 0 | 0 | 0 | 0 |
| other current liabilities | 427,418 | 329,236 | 251,010 | 283,879 | 479,643 | 346,329 | 351,983 | 243,472 | 153,028 | 83,908 | 0 | 0 | 416,970 | 155,298 |
| total current liabilities | 509,538 | 384,060 | 306,612 | 337,466 | 510,166 | 397,715 | 434,376 | 310,170 | 480,479 | 297,162 | 380,005 | 490,580 | 497,339 | 221,759 |
| loans | 28,465 | 44,465 | 59,137 | 16,137 | 31,621 | 10,978 | 10,981 | 0 | 0 | 17,812 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 104,058 | 2,137 | 0 | 11,736 | 0 | 0 | 0 | 1,073 | 46,589 | 43,708 | 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 | 37,120 | 37,120 | 37,120 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,211 | 2,668 | 0 | 0 | 0 | 0 |
| total long term liabilities | 132,523 | 46,602 | 59,137 | 27,873 | 31,621 | 10,978 | 10,981 | 1,073 | 85,920 | 101,308 | 37,120 | 0 | 0 | 0 |
| total liabilities | 642,061 | 430,662 | 365,749 | 365,339 | 541,787 | 408,693 | 445,357 | 311,243 | 566,399 | 398,470 | 417,125 | 490,580 | 497,339 | 221,759 |
| net assets | 65,251 | 529 | 28,824 | 20,637 | 61,085 | 12,326 | 9,284 | 1,371 | -69,616 | -74,078 | -59,689 | -157,076 | 33,120 | 35,356 |
| total shareholders funds | 65,251 | 529 | 28,824 | 20,637 | 61,085 | 12,326 | 9,284 | 1,371 | -69,616 | -74,078 | -59,689 | -157,076 | 33,120 | 35,356 |
| 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 | 149,689 | 103,529 | 45,883 | 34,603 | 63,753 | |||||||||
| Depreciation | 39,924 | 4,890 | 8,467 | 7,775 | 8,188 | 2,364 | 2,388 | 510 | 12,610 | 9,127 | 647 | 864 | 1,155 | 1,341 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -32,618 | -21,261 | -31,093 | -6,839 | -15,554 | |||||||||
| Stock | -5,761 | -525 | -3,399 | 13,622 | 11,533 | -1,098 | 6,381 | 35,389 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 146,773 | 38,067 | 32,530 | -176,521 | 77,603 | -25,372 | 134,859 | -116,816 | 139,190 | -85,454 | 2,412 | -196,091 | 278,971 | 247,932 |
| Creditors | -6,283 | -4,594 | -4,572 | 294 | -15,752 | -27,108 | 9,355 | -57,047 | 59,983 | -318,913 | -110,575 | 454,982 | 20,671 | 14,927 |
| Accruals and Deferred Income | 98,182 | 78,226 | -32,869 | -195,764 | 133,314 | -5,654 | 108,511 | 90,444 | 69,120 | 83,908 | 0 | -416,970 | 261,672 | 155,298 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,211 | -457 | 2,668 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 230,194 | 84,334 | -122,966 | 32,291 | -28,167 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -1,275 | 1,275 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 29,746 | 10,647 | 0 | 8,484 | 0 | -7,215 | 7,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -203,706 | 61,400 | 142,306 | 0 | -33,812 | -17,722 | 51,534 |
| Long term loans | -16,000 | -14,672 | 43,000 | -15,484 | 20,643 | -3 | 10,981 | 0 | -17,812 | 17,812 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 101,921 | -4,926 | -11,736 | 26,022 | -883 | -912 | -1,948 | -45,516 | -4,304 | 53,563 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,120 | 0 | 0 | 37,120 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | -7,405 | -3,199 | 0 | 0 | |||||||||
| cash flow from financing | -332,426 | 31,880 | 210,483 | -17,722 | 83,691 | |||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | -16,110 | -46,222 | 62,030 | -4,788 | 2,783 | -36,087 | 25,786 | -9,659 | 22,167 | 0 | -5,062 | 5,162 |
| overdraft | 3,833 | 232 | 6,587 | 0 | -4,228 | 4,228 | 0 | 0 | 0 | 0 | 0 | -10,959 | 10,959 | 0 |
| change in cash | -3,833 | -232 | -22,697 | -46,222 | 66,258 | -9,016 | 2,783 | -36,087 | 25,786 | -9,659 | 22,167 | 10,959 | -16,021 | 5,162 |
witts limited Credit Report and Business Information
Witts Limited Competitor Analysis
Perform a competitor analysis for witts limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in PR7 area or any other competitors across 12 key performance metrics.
witts limited Ownership
WITTS LIMITED group structure
Witts Limited has no subsidiary companies.
Ultimate parent company
WITTS LIMITED
05569020
witts limited directors
Witts Limited currently has 2 directors. The longest serving directors include Mr Simon Wallace (Sep 2005) and Mr John Wallace (Sep 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Wallace | 55 years | Sep 2005 | - | Director | |
| Mr John Wallace | United Kingdom | 89 years | Sep 2005 | - | Director |
P&L
December 2022turnover
1.5m
+49%
operating profit
87.4k
0%
gross margin
22.5%
+1.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
65.3k
+122.35%
total assets
707.3k
+0.64%
cash
0
0%
net assets
Total assets minus all liabilities
witts limited company details
company number
05569020
Type
Private limited with Share Capital
industry
52290 - Other transportation support activities
incorporation date
September 2005
age
19
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
heskin hall farm wood lane, heskin, preston, PR7 5PA
accountant
-
auditor
-
witts 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 2 charges/mortgages relating to witts limited. Currently there are 2 open charges and 0 have been satisfied in the past.
witts limited Companies House Filings - See Documents
| date | description | view/download |
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