Wessex Swim School Limited

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wessex swim school limited Company Information

Live

EstablishedSmallHigh

Company Number

06462451

Website

www.wessexswimschool.co.uk

Registered Address

46 leigh road, eastleigh, SO50 9DT

Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

Telephone

02380273657

Next Accounts Due

September 2025

Group Structure

View All

Directors

Christopher Rees16 Years

Shareholders

rees group ltd 100%

wessex swim school limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of WESSEX SWIM SCHOOL LIMITED at £2.1m based on a Turnover of £2.7m and 0.8x industry multiple (adjusted for size and gross margin).

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Wessex Swim School Limited is a live company located in eastleigh, SO50 9DT with a Companies House number of 06462451. It operates in the other sports activities sector, SIC Code 93199. Founded in January 2008, it's largest shareholder is rees group ltd with a 100% stake. Wessex Swim School Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with high growth in recent years.

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Pomanda's financial health check has awarded Wessex Swim School Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £2.7m, make it larger than the average company (£650.7k)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (8.8%)

EXPORT

Wessex Swim School Limited's latest turnover from December 2023 is estimated at £2.7 million and the company has net assets of £341 thousand. According to their latest financial statements, Wessex Swim School Limited has 114 employees and maintains cash reserves of 0 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	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,671,352	2,227,251	1,370,986	1,482,906	1,796,567	1,667,726	1,625,760	1,616,912	1,822,146	2,064,527	1,022,504	205,411	847,385	152,349	219,846
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,533,140	1,261,445	760,773	873,166	1,059,555	982,537	922,980	909,647	960,667	1,091,725	532,229	235,311	468,321	84,152	125,213
Gross Profit	1,138,212	965,807	610,213	609,740	737,012	685,189	702,781	707,265	861,479	972,802	490,275	-29,900	379,064	68,197	94,634
Admin Expenses	1,161,276	810,383	533,895	534,122	726,828	660,112	547,873	580,661	836,677	970,874	446,191	91,177	341,712	56,557	130,418
Operating Profit	-23,064	155,424	76,318	75,618	10,184	25,077	154,908	126,604	24,802	1,928	44,084	-121,077	37,352	11,640	-35,784
Interest Payable	19,100	16,694	12,355	11,655	10,930	6,771	1,984	255	56	0	0	0	0	0	0
Interest Receivable	0	0	0	0	4	13	8	46	108	130	92	0	63	9	8
Pre-Tax Profit	-42,164	138,730	63,963	63,963	-742	18,320	152,931	126,395	24,854	2,058	44,175	-121,077	37,415	11,649	-35,776
Tax	0	-26,359	-12,153	-12,153	0	-3,481	-29,057	-25,279	-4,971	-432	-10,160	13,164	-9,728	-3,262	0
Profit After Tax	-42,164	112,371	51,810	51,810	-742	14,839	123,874	101,116	19,883	1,626	34,015	-107,913	27,687	8,387	-35,776
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-42,164	112,371	51,810	51,810	-742	14,839	123,874	101,116	19,883	1,626	34,015	-107,913	27,687	8,387	-35,776
Employee Costs	3,220,391	2,574,825	1,914,042	1,868,120	2,006,836	1,841,660	1,497,567	1,476,862	1,420,703	821,523	396,485	102,534	339,656	71,688	77,469
Number Of Employees	114	95	71	75	81	77	68	66	61	31	16	4	14	3	3
EBITDA*	-11,282	163,260	78,373	78,873	16,509	30,547	161,812	132,206	32,209	4,706	46,460	-119,069	39,050	13,235	-34,581

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	3,619	5,429	5,182	3,091	3,755	1,861	450	3,154	6,056	5,496	4,901	3,109	1,767	3,054	3,081
Intangible Assets	35,916	15,888	1,200	2,400	4,500	9,300	8,100	11,700	14,400	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	39,535	21,317	6,382	5,491	8,255	11,161	8,550	14,854	20,456	5,496	4,901	3,109	1,767	3,054	3,081
Stock & work in progress	3,000	7,000	7,000	7,000	7,000	1,135	1,135	785	1,107	6,000	6,231	0	0	0	0
Trade Debtors	1	1,667	516	3,580	4,387	4,891	12,894	17,646	57,130	120,950	57,060	5,142	40,189	2,092	5,504
Group Debtors	676,175	637,782	502,127	510,945	541,528	475,408	406,883	242,654	0	0	0	0	0	0	0
Misc Debtors	0	0	87,774	65,853	8,906	10,817	10,355	3,400	120,722	0	0	9,678	8,412	18,988	0
Cash	0	0	0	177	198	896	2,609	432	6,375	36,629	15,425	21,191	24,941	306	3,188
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	679,176	646,449	597,417	587,555	562,019	493,147	433,876	264,917	185,334	163,579	78,716	36,011	73,542	21,386	8,692
total assets	718,711	667,766	603,799	593,046	570,274	504,308	442,426	279,771	205,790	169,075	83,617	39,120	75,309	24,440	11,773
Bank overdraft	84,440	63,597	72,429	44,569	176,143	48,131	52,905	8,156	1,730	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	27,237	53,685	17,196	14,914	17,591	19,147	16,988	19,718	16,616	240,949	157,117	7,348	74,911	51,729	47,449
Group/Directors Accounts	0	0	0	0	0	1,619	13,905	13,275	24,922	0	0	16,832	0	0	0
other short term finances	0	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	0
other current liabilities	165,260	68,782	126,402	153,121	209,327	167,878	205,512	209,380	214,513	0	0	122,455	0	0	0
total current liabilities	276,937	186,064	216,027	212,604	403,061	236,775	289,310	250,529	257,781	240,949	157,117	146,635	74,911	51,729	47,449
loans	100,734	98,498	116,939	161,419	0	99,578	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	100,734	98,498	116,939	161,419	0	99,578	0	0	0	0	0	0	0	0	0
total liabilities	377,671	284,562	332,966	374,023	403,061	336,353	289,310	250,529	257,781	240,949	157,117	146,635	74,911	51,729	47,449
net assets	341,040	383,204	270,833	219,023	167,213	167,955	153,116	29,242	-51,991	-71,874	-73,500	-107,515	398	-27,289	-35,676
total shareholders funds	341,040	383,204	270,833	219,023	167,213	167,955	153,116	29,242	-51,991	-71,874	-73,500	-107,515	398	-27,289	-35,676

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-23,064	155,424	76,318	75,618	10,184	25,077	154,908	126,604	24,802	1,928	44,084	-121,077	37,352	11,640	-35,784
Depreciation	1,810	2,664	855	1,155	1,525	670	3,304	2,902	3,807	2,778	2,376	2,008	1,698	1,595	1,203
Amortisation	9,972	5,172	1,200	2,100	4,800	4,800	3,600	2,700	3,600	0	0	0	0	0	0
Tax	0	-26,359	-12,153	-12,153	0	-3,481	-29,057	-25,279	-4,971	-432	-10,160	13,164	-9,728	-3,262	0
Stock	-4,000	0	0	0	5,865	0	350	-5,215	-4,893	-231	6,231	0	0	0	0
Debtors	36,727	49,032	10,039	25,557	63,705	60,984	166,432	142,750	56,902	63,890	42,240	-33,781	27,521	15,576	5,504
Creditors	-26,448	36,489	2,282	-2,677	-1,556	2,159	-2,730	-221,231	-224,333	83,832	149,769	-67,563	23,182	4,280	47,449
Accruals and Deferred Income	96,478	-57,620	-26,719	-56,206	41,449	-37,634	-3,868	209,380	214,513	0	-122,455	122,455	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	26,021	66,738	31,744	-17,720	-13,168	-69,393	-40,625	-42,459	-34,591	24,447	15,143	-17,232	24,983	-1,323	7,364
Investing Activities
capital expenditure	-30,000	-22,771	-2,946	-491	-3,419	-8,081	-600	-14,960	-22,367	-3,373	-4,168	-3,350	-411	-1,568	-4,284
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,000	-22,771	-2,946	-491	-3,419	-8,081	-600	-14,960	-22,367	-3,373	-4,168	-3,350	-411	-1,568	-4,284
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-1,619	-12,286	630	13,275	24,922	0	-16,832	16,832	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	2,236	-18,441	-44,480	161,419	-99,578	99,578	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-19,100	-16,694	-12,355	-11,655	-10,926	-6,758	-1,976	-209	52	130	92	0	63	9	8
cash flow from financing	-16,864	-35,135	-56,835	149,764	-112,123	80,534	-1,346	13,066	24,974	130	-16,740	16,832	63	9	108
cash and cash equivalents
cash	0	0	-177	-21	-698	-1,713	2,177	-36,197	-30,254	21,204	-5,766	-3,750	24,635	-2,882	3,188
overdraft	20,843	-8,832	27,860	-131,574	128,012	-4,774	44,749	8,156	1,730	0	0	0	0	0	0
change in cash	-20,843	8,832	-28,037	131,553	-128,710	3,061	-42,572	-44,353	-31,984	21,204	-5,766	-3,750	24,635	-2,882	3,188

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESSEX SWIM SCHOOL LIMITED group structure

Wessex Swim School Limited has no subsidiary companies.

Ultimate parent company

THE REES GROUP LIMITED

06494697

1 parent

WESSEX SWIM SCHOOL LIMITED

06462451

WESSEX SWIM SCHOOL LIMITED Shareholders

rees group ltd

100%

Wessex Swim School Limited currently has 1 director, Mr Christopher Rees serving since Jan 2008.

officer	country	age	start	end	role
Mr Christopher Rees	England	38 years	Jan 2008	-	Director

P&L

December 2023

turnover

2.7m

+20%

operating profit

-23.1k

gross margin

42.7%

-1.74%

turnover

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

Balance Sheet

December 2023

net assets

341k

-0.11%

total assets

718.7k

+0.08%

cash

net assets

Total assets minus all liabilities

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company number

06462451

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

January 2008

ultimate parent company

THE REES GROUP LIMITED

previous names

rees leisure limited (September 2009)

address

46 leigh road, eastleigh, SO50 9DT

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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wessex swim school limited Company Information

wessex swim school limited Estimated Valuation

wessex swim school limited Estimated Valuation

wessex swim school limited Estimated Valuation

Wessex Swim School Limited Overview

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WESSEX SWIM SCHOOL LIMITED financials

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