Watrix Ltd

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watrix ltd Company Information

Live

EstablishedSmallDeclining

Company Number

05755593

Website

http://rainbow-int.co.uk

Registered Address

unit b bryant road industrial, estate, bayton road ind est, exhall, coventry, CV7 9EN

Industry

Specialised cleaning services

Telephone

02476644460

Next Accounts Due

September 2024

Group Structure

View All

Directors

Twana Bawa7 Years

Shareholders

twana faris bawa 100%

watrix ltd Estimated Valuation

£166.3k - £508.5k

The estimated valuation range for watrix ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £166.3k to £508.5k

Get a detailed valuation report, edit figures and unlock valuation multiples.

Watrix Ltd AI Business Plan

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Watrix Ltd is a live company located in exhall, CV7 9EN with a Companies House number of 05755593. It operates in the specialised cleaning services sector, SIC Code 81222. Founded in March 2006, it's largest shareholder is twana faris bawa with a 100% stake. Watrix Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Watrix Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

3 Weak

Size

annual sales of £1.2m, make it larger than the average company (£106.7k)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (8.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WATRIX LTD group structure

Watrix Ltd has no subsidiary companies.

Ultimate parent company

WATRIX LTD

05755593

WATRIX LTD Shareholders

twana faris bawa

100%

Watrix Ltd currently has 1 director, Mr Twana Bawa serving since Mar 2017.

officer	country	age	start	end	role
Mr Twana Bawa	England	49 years	Mar 2017	-	Director

EXPORT

Watrix Ltd's latest turnover from December 2022 is estimated at £1.2 million and the company has net assets of £196.2 thousand. According to their latest financial statements, Watrix Ltd has 8 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	1,176,702	1,299,456	1,382,447	1,460,930	1,090,205	233,824	194,442	123,176	88,212	126,969	327,413	197,217	408,489	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	976,591	1,082,276	1,031,137	1,002,127	800,171	93,771	130,081	85,983	69,077	97,840	216,914	129,668	267,082	0
Gross Profit	200,111	217,181	351,310	458,803	290,034	140,053	64,361	37,192	19,135	29,128	110,499	67,548	141,407	0
Admin Expenses	150,190	167,323	331,195	451,097	178,710	98,238	32,420	49,126	34,049	43,262	131,020	62,332	143,395	-87,721
Operating Profit	49,921	49,858	20,115	7,706	111,324	41,815	31,941	-11,934	-14,914	-14,134	-20,521	5,216	-1,988	87,721
Interest Payable	0	0	0	0	730	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	1	1	1	72	72	1	0
Pre-Tax Profit	49,921	49,858	20,115	7,706	110,594	41,815	31,941	-11,933	-14,913	-14,133	-20,449	5,288	-1,987	87,721
Tax	-9,485	-9,473	-3,822	-1,464	-21,013	-8,583	-6,388	0	0	0	0	-1,375	0	-24,562
Profit After Tax	40,436	40,385	16,293	6,242	89,581	33,232	25,553	-11,933	-14,913	-14,133	-20,449	3,913	-1,987	63,159
Dividends Paid	0	0	0	0	0	30,000	0	0	0	0	0	0	0	0
Retained Profit	40,436	40,385	16,293	6,242	89,581	3,232	25,553	-11,933	-14,913	-14,133	-20,449	3,913	-1,987	63,159
Employee Costs	147,441	166,000	138,361	471,426	341,246	50,236	117,136	96,319	44,450	42,861	90,683	71,596	184,893	0
Number Of Employees	8	8	6	16	12	3	4	4	2	2	4	3	8	0
EBITDA*	49,921	49,858	20,115	7,706	111,324	44,193	35,638	-7,161	-6,783	-3,963	-2,048	33,248	32,687	129,070

* 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	180,506	125,858	42,610	41,270	35,789	0	11,892	14,169	18,597	18,909	25,299	32,090	35,107	49,566
Intangible Assets	0	0	0	0	0	9,514	0	0	0	2,000	6,000	16,249	33,899	56,389
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	180,506	125,858	42,610	41,270	35,789	9,514	11,892	14,169	18,597	20,909	31,299	48,339	69,006	105,955
Stock & work in progress	0	0	0	0	0	0	56,881	26,500	11,500	18,300	21,500	22,750	101,626	49,982
Trade Debtors	437,369	483,450	541,317	378,540	281,009	35,074	47,539	22,211	24,041	23,151	57,979	31,969	35,314	57,236
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	6,830	6,903	5,895
Cash	0	0	0	0	0	0	0	14	332	222	228	28,529	136	133
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	437,369	483,450	541,317	378,540	281,009	35,074	104,420	48,725	35,873	41,673	79,707	90,078	143,979	113,246
total assets	617,875	609,308	583,927	419,810	316,798	44,588	116,312	62,894	54,470	62,582	111,006	138,417	212,985	219,201
Bank overdraft	0	0	0	0	0	21,642	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	421,706	453,575	468,579	320,755	223,985	0	85,620	57,685	34,591	30,544	64,406	68,523	149,484	124,142
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	8,583	0	0	0	0	0	0	0	0
total current liabilities	421,706	453,575	468,579	320,755	223,985	30,225	85,620	57,685	34,591	30,544	64,406	68,523	149,484	124,142
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	174	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	11,031	0	0	2,257	0	0	2,212	0	28,241
provisions	0	0	0	0	0	0	1,382	1,278	1,932	1,435	1,864	2,497	2,229	3,559
total long term liabilities	0	0	0	0	0	11,031	1,382	1,452	4,189	1,435	1,864	4,709	2,229	31,800
total liabilities	421,706	453,575	468,579	320,755	223,985	41,256	87,002	59,137	38,780	31,979	66,270	73,232	151,713	155,942
net assets	196,169	155,733	115,348	99,055	92,813	3,332	29,310	3,757	15,690	30,603	44,736	65,185	61,272	63,259
total shareholders funds	196,169	155,733	115,348	99,055	92,813	3,332	29,310	3,757	15,690	30,603	44,736	65,185	61,272	63,259

	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	49,921	49,858	20,115	7,706	111,324	41,815	31,941	-11,934	-14,914	-14,134	-20,521	5,216	-1,988	87,721
Depreciation	0	0	0	0	0	2,378	3,697	4,773	6,131	6,171	8,224	10,382	12,185	17,086
Amortisation	0	0	0	0	0	0	0	0	2,000	4,000	10,249	17,650	22,490	24,263
Tax	-9,485	-9,473	-3,822	-1,464	-21,013	-8,583	-6,388	0	0	0	0	-1,375	0	-24,562
Stock	0	0	0	0	0	-56,881	30,381	15,000	-6,800	-3,200	-1,250	-78,876	51,644	49,982
Debtors	-46,081	-57,867	162,777	97,531	245,935	-12,465	25,328	-1,830	890	-34,828	19,180	-3,418	-20,914	63,131
Creditors	-31,869	-15,004	147,824	96,770	223,985	-85,620	27,935	23,094	4,047	-33,862	-4,117	-80,961	25,342	124,142
Accruals and Deferred Income	0	0	0	0	-8,583	8,583	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-1,382	104	-654	497	-429	-633	268	-1,330	3,559
Cash flow from operations	54,648	83,248	1,340	5,481	59,778	26,537	1,580	2,109	3,671	-226	-24,728	33,474	25,969	119,096
Investing Activities
capital expenditure	-54,648	-83,248	-1,340	-5,481	-26,275	0	-1,420	-345	-5,819	219	-1,433	-7,365	2,274	-147,304
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-54,648	-83,248	-1,340	-5,481	-26,275	0	-1,420	-345	-5,819	219	-1,433	-7,365	2,274	-147,304
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	0	0	0	0	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	-174	174	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-11,031	11,031	0	-2,257	2,257	0	-2,212	2,212	-28,241	28,241
share issue	0	0	0	0	-100	-29,210	0	0	0	0	0	0	0	100
interest	0	0	0	0	-730	0	0	1	1	1	72	72	1	0
cash flow from financing	0	0	0	0	-11,861	-18,179	-174	-2,082	2,258	1	-2,140	2,284	-28,240	28,341
cash and cash equivalents
cash	0	0	0	0	0	0	-14	-318	110	-6	-28,301	28,393	3	133
overdraft	0	0	0	0	-21,642	21,642	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	21,642	-21,642	-14	-318	110	-6	-28,301	28,393	3	133

P&L

December 2022

turnover

1.2m

-9%

operating profit

49.9k

gross margin

17.1%

+1.75%

turnover

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

Balance Sheet

December 2022

net assets

196.2k

+0.26%

total assets

617.9k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

05755593

Type

Private limited with Share Capital

industry

81222 - Specialised cleaning services

incorporation date

March 2006

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

unit b bryant road industrial, estate, bayton road ind est, exhall, coventry, CV7 9EN

last accounts submitted

December 2022

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.

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watrix ltd Company Information

watrix ltd Estimated Valuation

watrix ltd Estimated Valuation

watrix ltd Estimated Valuation

Watrix Ltd AI Business Plan

Watrix Ltd Overview

Watrix Ltd Health Check

watrix ltd Credit Report and Business Information

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watrix ltd Ownership

watrix ltd directors

WATRIX LTD financials

watrix ltd company details

watrix ltd Charges & Mortgages

watrix ltd Companies House Filings - See Documents