Wealden Computing Services Limited

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wealden computing services limited Company Information

Live

EstablishedSmallDeclining

Company Number

05759833

Website

www.wealden.net

Registered Address

11 bressenden place, london, SW1E 5BY

Industry

Business and domestic software development

Telephone

02083647177

Next Accounts Due

December 2024

Group Structure

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Directors

Hitesh Patel16 Years

Shareholders

red river 11 ltd 100%

wealden computing services limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of WEALDEN COMPUTING SERVICES LIMITED at £1.2m based on an EBITDA of £233.7k and a 5.33x industry multiple (adjusted for size and gross margin).

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Wealden Computing Services Limited is a live company located in london, SW1E 5BY with a Companies House number of 05759833. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 2006, it's largest shareholder is red river 11 ltd with a 100% stake. Wealden Computing Services Limited is a established, small sized company, Pomanda has estimated its turnover at £607.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Wealden Computing Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £607.6k, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (8.3%)

EXPORT

Wealden Computing Services Limited's latest turnover from March 2023 is estimated at £607.6 thousand and the company has net assets of £2.4 million. According to their latest financial statements, Wealden Computing Services Limited has 9 employees and maintains cash reserves of £151.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Turnover	607,627	629,233	964,743	979,659	1,269,305	1,232,639	1,476,016	7,392,272	7,511,341	7,793,684	7,862,338	8,455,145	8,838,843
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	175,128	167,246	252,622	242,709	313,098	296,829	344,488	1,827,733	1,909,109	1,900,171	1,888,261	2,084,360	2,068,906
Gross Profit	432,499	461,987	712,121	736,950	956,207	935,811	1,131,528	5,564,539	5,602,233	5,893,514	5,974,077	6,370,785	6,769,936
Admin Expenses	427,972	-2,519,171	340,276	406,478	792,567	755,116	961,191	5,496,616	5,491,856	5,769,029	5,938,452	6,303,485	5,784,521
Operating Profit	4,527	2,981,158	371,845	330,472	163,640	180,695	170,337	67,923	110,377	124,485	35,625	67,300	985,415
Interest Payable	11,270	3,711	3,152	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,315	368	412	3,719	5,092	1,181	778	1,532	1,283	536	242	319	110
Pre-Tax Profit	-1,428	2,977,815	369,105	334,191	168,732	181,877	171,115	69,455	111,661	125,021	35,867	67,619	985,525
Tax	0	-565,785	-70,130	-63,496	-32,059	-34,557	-34,223	-13,891	-23,449	-28,755	-8,608	-17,581	-275,947
Profit After Tax	-1,428	2,412,030	298,975	270,695	136,673	147,320	136,892	55,564	88,212	96,266	27,259	50,038	709,578
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,428	2,412,030	298,975	270,695	136,673	147,320	136,892	55,564	88,212	96,266	27,259	50,038	709,578
Employee Costs	584,239	603,856	734,633	770,047	1,233,602	1,137,124	1,079,723	3,747,084	3,758,532	3,907,906	4,016,197	4,146,048	4,393,943
Number Of Employees	9	10	13	13	21	20	20	70	70	76	77	83	90
EBITDA*	233,716	2,988,349	377,067	335,907	170,790	194,560	185,885	84,701	127,230	145,316	47,471	80,964	1,012,189

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Tangible Assets	12,275	15,805	20,774	22,736	26,115	43,585	49,265	54,187	60,515	64,907	84,221	46,037	57,227
Intangible Assets	2,030,933	2,012,797	1,277,408	567,602	0	0	1,511	3,756	2,630	487	1,256	1,113	1,685
Investments & Other	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
Total Fixed Assets	2,043,208	2,028,602	1,298,182	590,338	26,115	43,585	50,776	57,943	63,145	65,394	85,477	47,150	58,912
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	65,905	61,874	154,766	154,926	124,618	144,081	211,482	1,419,761	1,403,855	1,371,231	1,394,114	1,549,982	1,539,697
Group Debtors	707,197	734,854	738,874	1,204,668	955,341	1,017,773	1,118,318	0	0	0	0	0	0
Misc Debtors	138,345	460,446	303,510	311,022	199,790	127,773	111,501	0	0	0	0	0	0
Cash	151,877	98,263	566,862	256,945	734,752	623,018	321,822	300,607	312,023	201,319	12,918	83,780	43,941
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,063,324	1,355,437	1,764,012	1,927,561	2,014,501	1,912,645	1,763,123	1,720,368	1,715,878	1,572,550	1,407,032	1,633,762	1,583,638
total assets	3,106,532	3,384,039	3,062,194	2,517,899	2,040,616	1,956,230	1,813,899	1,778,311	1,779,023	1,637,944	1,492,509	1,680,912	1,642,550
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	9,936	9,969	3,333	0	0	0	0	0	0	0	0	0	0
Trade Creditors	125,936	223,920	90,595	150,008	113,966	115,270	54,421	733,243	781,827	721,728	665,825	851,296	862,972
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	100,000	100,000	100,000	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
other current liabilities	336,660	404,753	453,198	563,892	468,848	519,831	585,669	0	0	0	0	0	0
total current liabilities	572,532	738,642	647,126	713,900	582,814	635,101	640,090	733,243	781,827	721,728	665,825	851,296	862,972
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	113,398	223,367	387,596	0	0	0	0	8,151	15,843	23,075	29,809	60,000	60,000
provisions	0	0	0	75,502	0	0	0	0	0	0	0	0	0
total long term liabilities	113,398	223,367	387,596	75,502	0	0	0	8,151	15,843	23,075	29,809	60,000	60,000
total liabilities	685,930	962,009	1,034,722	789,402	582,814	635,101	640,090	741,394	797,670	744,803	695,634	911,296	922,972
net assets	2,420,602	2,422,030	2,027,472	1,728,497	1,457,802	1,321,129	1,173,809	1,036,917	981,353	893,141	796,875	769,616	719,578
total shareholders funds	2,420,602	2,422,030	2,027,472	1,728,497	1,457,802	1,321,129	1,173,809	1,036,917	981,353	893,141	796,875	769,616	719,578

	Mar 2023	Mar 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Operating Activities
Operating Profit	4,527	2,981,158	371,845	330,472	163,640	180,695	170,337	67,923	110,377	124,485	35,625	67,300	985,415
Depreciation	3,530	7,191	5,222	5,435	7,150	12,354	13,303	15,117	15,891	20,062	11,185	13,092	26,172
Amortisation	225,659	0	0	0	0	1,511	2,245	1,661	962	769	661	572	602
Tax	0	-565,785	-70,130	-63,496	-32,059	-34,557	-34,223	-13,891	-23,449	-28,755	-8,608	-17,581	-275,947
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-345,727	1,257,174	-473,466	390,867	-9,878	-151,674	21,540	15,906	32,624	-22,883	-155,868	10,285	1,539,697
Creditors	-97,984	223,920	-59,413	36,042	-1,304	60,849	-678,822	-48,584	60,099	55,903	-185,471	-11,676	862,972
Accruals and Deferred Income	-68,093	404,753	-110,694	95,044	-50,983	-65,838	585,669	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-75,502	75,502	0	0	0	0	0	0	0	0	0
Cash flow from operations	413,366	1,794,063	534,794	88,132	96,322	306,688	36,969	6,320	131,256	195,347	9,260	41,422	59,517
Investing Activities
capital expenditure	-243,795	-2,035,793	-713,066	-569,658	10,320	-6,674	-8,381	-11,576	-14,604	-748	-50,173	-1,902	-85,686
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-243,795	-2,035,793	-713,066	-569,658	10,320	-6,674	-8,381	-11,576	-14,604	-748	-50,173	-1,902	-85,686
Financing Activities
Bank loans	-33	9,969	3,333	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
Other Short Term Loans	0	100,000	100,000	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-109,969	223,367	387,596	0	0	0	-8,151	-7,692	-7,232	-6,734	-30,191	0	60,000
share issue	0	10,000	0	0	0	0	0	0	0	0	0	0	10,000
interest	-5,955	-3,343	-2,740	3,719	5,092	1,181	778	1,532	1,283	536	242	319	110
cash flow from financing	-115,957	339,993	488,189	3,719	5,092	1,181	-7,373	-6,160	-5,949	-6,198	-29,949	319	70,110
cash and cash equivalents
cash	53,614	98,263	309,917	-477,807	111,734	301,196	21,215	-11,416	110,704	188,401	-70,862	39,839	43,941
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	53,614	98,263	309,917	-477,807	111,734	301,196	21,215	-11,416	110,704	188,401	-70,862	39,839	43,941

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WEALDEN COMPUTING SERVICES LIMITED group structure

Wealden Computing Services Limited has no subsidiary companies.

Ultimate parent company

RED RIVER 11 LIMITED

06227358

1 parent

WEALDEN COMPUTING SERVICES LIMITED

05759833

WEALDEN COMPUTING SERVICES LIMITED Shareholders

red river 11 ltd

100%

Wealden Computing Services Limited currently has 1 director, Mr Hitesh Patel serving since Sep 2007.

officer	country	age	start	end	role
Mr Hitesh Patel		60 years	Sep 2007	-	Director

P&L

March 2023

turnover

607.6k

-3%

operating profit

4.5k

gross margin

71.2%

-3.05%

turnover

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

Balance Sheet

March 2023

net assets

2.4m

total assets

3.1m

-0.08%

cash

151.9k

+0.55%

net assets

Total assets minus all liabilities

Similar Companies

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3.5

company number

05759833

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

March 2006

accounts

Total Exemption Full

ultimate parent company

RED RIVER 11 LIMITED

previous names

N/A

last accounts submitted

March 2023

address

11 bressenden place, london, SW1E 5BY

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 wealden computing services limited. Currently there are 0 open charges and 2 have been satisfied in the past.

wealden computing services limited Company Information

wealden computing services limited Estimated Valuation

wealden computing services limited Estimated Valuation

wealden computing services limited Estimated Valuation

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WEALDEN COMPUTING SERVICES LIMITED financials

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