Washington Waterjet Limited

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washington waterjet limited Company Information

Live

EstablishedSmallDeclining

Company Number

06505043

Website

www.washingtonwaterjet.co.uk

Registered Address

14, sedling road, wear industrial es, washington, tyne and wear, NE38 9BZ

Industry

Machining

Telephone

01914177960

Next Accounts Due

December 2024

Group Structure

View All

Directors

Jeremy McLeod-Mackenzie1 Years

Shareholders

wanh limited 100%

washington waterjet limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of WASHINGTON WATERJET LIMITED at £3m based on Net Assets of £1.6m and 1.84x industry multiple (adjusted for liquidity).

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Washington Waterjet Limited AI Business Plan

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Washington Waterjet Limited is a live company located in washington, NE38 9BZ with a Companies House number of 06505043. It operates in the machining sector, SIC Code 25620. Founded in February 2008, it's largest shareholder is wanh limited with a 100% stake. Washington Waterjet Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Washington Waterjet Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£8.8m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (1.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WASHINGTON WATERJET LIMITED group structure

Washington Waterjet Limited has 1 subsidiary company.

Ultimate parent company

NORTHEND (HOLDINGS) LIMITED

07397196

WANH LIMITED

13866815

2 parents

WASHINGTON WATERJET LIMITED

06505043

1 subsidiary

TS & PR ENGINEERING LIMITED

12033325

WASHINGTON WATERJET LIMITED Shareholders

wanh limited

100%

Washington Waterjet Limited currently has 2 directors. The longest serving directors include Mr Jeremy McLeod-Mackenzie (May 2022) and Mr Jeremy McLeod-Mackenzie (May 2022).

officer	country	age	start	end	role
Mr Jeremy McLeod-Mackenzie	England	81 years	May 2022	-	Director
Mr Jeremy McLeod-Mackenzie	England	81 years	May 2022	-	Director

EXPORT

Washington Waterjet Limited's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of £1.6 million. According to their latest financial statements, Washington Waterjet Limited has 15 employees and maintains cash reserves of £94.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Feb 2011	Feb 2010
Turnover	1,811,764	2,616,652	2,475,741	1,828,286	2,131,605	2,067,773	1,792,075	1,562,754	2,019,514	1,895,934	1,651,077	2,084,998	926,891	647,607
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,304,775	1,867,245	1,804,392	1,299,488	1,524,966	1,441,643	1,358,533	1,206,002	1,398,304	1,298,303	1,131,299	1,435,443	641,860	438,597
Gross Profit	506,990	749,407	671,349	528,799	606,639	626,130	433,542	356,752	621,211	597,631	519,778	649,555	285,032	209,010
Admin Expenses	286,826	396,687	442,375	485,360	480,506	347,706	276,875	268,024	484,383	497,825	444,776	313,529	143,275	241,799
Operating Profit	220,164	352,720	228,974	43,439	126,133	278,424	156,667	88,728	136,828	99,806	75,002	336,026	141,757	-32,789
Interest Payable	9,986	0	0	0	0	0	303	4,033	0	36	215	507	787	459
Interest Receivable	23,915	6,301	605	628	4,831	2,485	0	0	2,028	1,420	1,133	671	184	37
Pre-Tax Profit	234,093	359,021	229,579	44,067	130,964	280,909	156,364	84,695	138,856	101,190	75,920	336,189	141,153	-33,211
Tax	-44,478	-68,214	-43,620	-8,373	-24,883	-53,373	-42,983	-12,398	-29,160	-23,274	-18,221	-87,409	-39,523	0
Profit After Tax	189,615	290,807	185,959	35,694	106,081	227,536	113,381	72,297	109,696	77,916	57,699	248,780	101,630	-33,211
Dividends Paid	0	0	0	0	0	0	50,000	100,000	0	0	0	0	0	0
Retained Profit	189,615	290,807	185,959	35,694	106,081	227,536	63,381	-27,703	109,696	77,916	57,699	248,780	101,630	-33,211
Employee Costs	622,482	603,712	587,599	575,977	621,576	578,203	605,849	595,601	653,045	650,849	547,004	636,701	294,474	198,955
Number Of Employees	15	15	15	15	17	16	17	17	19	19	16	19	9	6
EBITDA*	275,078	409,901	268,789	69,993	137,935	309,919	235,217	167,677	212,288	170,453	126,580	376,253	176,634	1,251

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Feb 2011	Feb 2010
Tangible Assets	107,113	277,154	340,417	200,232	75,174	68,884	39,513	118,063	180,373	217,274	279,461	195,878	93,383	121,975
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	200	200	200	0	0	0	245	0	0	0	0	0	0
Debtors (Due After 1 year)	0	679	679	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	107,113	278,033	341,296	200,432	75,174	68,884	39,513	118,308	180,373	217,274	279,461	195,878	93,383	121,975
Stock & work in progress	113,300	217,782	140,874	87,106	111,940	72,626	53,627	34,293	28,550	22,275	86,299	20,799	13,742	7,000
Trade Debtors	442,551	720,330	703,767	503,413	594,091	594,350	473,119	345,383	436,797	450,147	361,658	582,451	232,883	131,187
Group Debtors	1,996,795	0	9,800	9,800	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,400	28,751	151	822	679	1,879	820	2,716	0	0	0	0	0	0
Cash	94,746	1,030,659	649,496	559,755	696,579	591,728	402,158	355,294	486,943	324,224	243,608	209,775	58,518	14,907
misc current assets	0	0	0	0	0	44,578	0	0	0	0	0	0	0	0
total current assets	2,664,792	1,997,522	1,504,088	1,160,896	1,403,289	1,305,161	929,724	737,686	952,290	796,646	691,565	813,025	305,143	153,094
total assets	2,771,905	2,275,555	1,845,384	1,361,328	1,478,463	1,374,045	969,237	855,994	1,132,663	1,013,920	971,026	1,008,903	398,526	275,069
Bank overdraft	0	0	0	0	0	0	0	0	0	0	1,104	4,536	4,582	4,582
Bank loan	51,848	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	360,907	555,833	461,124	280,895	412,980	386,386	243,692	210,304	535,935	457,338	395,724	515,899	244,920	147,292
Group/Directors Accounts	0	0	0	0	636	218	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	50,780	24,739	24,131	0	0	0	0	19,167	0	0	0	0	0	0
other current liabilities	444,999	154,784	75,573	110,179	128,609	161,617	127,257	91,616	0	0	0	28,514	0	41,333
total current liabilities	908,534	735,356	560,828	391,074	542,225	548,221	370,949	321,087	535,935	457,338	396,828	548,949	249,502	193,207
loans	143,003	0	0	0	0	0	0	0	0	0	0	986	5,509	9,552
hp & lease commitments	70,306	71,142	95,909	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	19,202	89,573	167,104	112,217	55,369	84,671
provisions	16,082	24,692	35,089	2,655	4,333	0	0	0	14,916	14,095	30,345	21,368	5,210	0
total long term liabilities	229,391	95,834	130,998	2,655	4,333	0	0	0	34,118	103,668	197,449	134,571	66,088	94,223
total liabilities	1,137,925	831,190	691,826	393,729	546,558	548,221	370,949	321,087	570,053	561,006	594,277	683,520	315,590	287,430
net assets	1,633,980	1,444,365	1,153,558	967,599	931,905	825,824	598,288	534,907	562,610	452,914	376,749	325,383	82,936	-12,361
total shareholders funds	1,633,980	1,444,365	1,153,558	967,599	931,905	825,824	598,288	534,907	562,610	452,914	376,749	325,383	82,936	-12,361

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	220,164	352,720	228,974	43,439	126,133	278,424	156,667	88,728	136,828	99,806	75,002	336,026	141,757	-32,789
Depreciation	54,914	57,181	39,815	26,554	11,802	31,495	78,550	78,949	75,460	70,647	51,578	40,227	34,877	34,040
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-44,478	-68,214	-43,620	-8,373	-24,883	-53,373	-42,983	-12,398	-29,160	-23,274	-18,221	-87,409	-39,523	0
Stock	-104,482	76,908	53,768	-24,834	39,314	18,999	19,334	5,743	6,275	-64,024	65,500	7,057	6,742	7,000
Debtors	1,706,986	35,363	200,362	-80,735	-1,459	122,290	125,840	-88,698	-13,350	88,489	-220,793	349,568	101,696	131,187
Creditors	-194,926	94,709	180,229	-132,085	26,594	142,694	33,388	-325,631	78,597	61,614	-120,175	270,979	97,628	147,292
Accruals and Deferred Income	290,215	79,211	-34,606	-18,430	-33,008	34,360	35,641	91,616	0	0	-28,514	28,514	-41,333	41,333
Deferred Taxes & Provisions	-8,610	-10,397	32,434	-1,678	4,333	0	0	-14,916	821	-16,250	8,977	16,158	5,210	0
Cash flow from operations	-1,285,225	392,939	149,096	14,996	73,116	292,311	116,089	-10,697	269,621	168,078	123,940	247,870	90,178	51,689
Investing Activities
capital expenditure	115,127	6,082	-180,000	-151,612	-18,092	-60,866	0	-16,639	-38,559	-8,460	-135,161	-142,722	-6,285	-156,015
Change in Investments	-200	0	0	200	0	0	-245	245	0	0	0	0	0	0
cash flow from investments	115,327	6,082	-180,000	-151,812	-18,092	-60,866	245	-16,884	-38,559	-8,460	-135,161	-142,722	-6,285	-156,015
Financing Activities
Bank loans	51,848	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-636	418	218	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	143,003	0	0	0	0	0	0	0	0	0	-986	-4,523	-4,043	9,552
Hire Purchase and Lease Commitments	25,205	-24,159	120,040	0	0	0	-19,167	19,167	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-19,202	-70,371	-77,531	54,887	56,848	-29,302	84,671
share issue	0	0	0	0	0	0	0	0	0	-1,751	-6,333	-6,333	-6,333	20,850
interest	13,929	6,301	605	628	4,831	2,485	-303	-4,033	2,028	1,384	918	164	-603	-422
cash flow from financing	233,985	-17,858	120,645	-8	5,249	2,703	-19,470	-4,068	-68,343	-77,898	48,486	46,156	-40,281	114,651
cash and cash equivalents
cash	-935,913	381,163	89,741	-136,824	104,851	189,570	46,864	-131,649	162,719	80,616	33,833	151,257	43,611	14,907
overdraft	0	0	0	0	0	0	0	0	0	-1,104	-3,432	-46	0	4,582
change in cash	-935,913	381,163	89,741	-136,824	104,851	189,570	46,864	-131,649	162,719	81,720	37,265	151,303	43,611	10,325

P&L

March 2023

turnover

1.8m

-31%

operating profit

220.2k

gross margin

28%

-2.29%

turnover

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

Balance Sheet

March 2023

net assets

1.6m

+0.13%

total assets

2.8m

+0.22%

cash

94.7k

-0.91%

net assets

Total assets minus all liabilities

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company number

06505043

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

February 2008

age

accounts

Total Exemption Full

ultimate parent company

NORTHEND (HOLDINGS) LIMITED

previous names

washington waterjets limited (February 2008)

incorporated

address

14, sedling road, wear industrial es, washington, tyne and wear, NE38 9BZ

last accounts submitted

March 2023

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 3 charges/mortgages relating to washington waterjet limited. Currently there are 1 open charges and 2 have been satisfied in the past.

washington waterjet limited Company Information

washington waterjet limited Estimated Valuation

washington waterjet limited Estimated Valuation

washington waterjet limited Estimated Valuation

Washington Waterjet Limited AI Business Plan

Washington Waterjet Limited Overview

Washington Waterjet Limited Health Check

washington waterjet limited Credit Report and Business Information

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washington waterjet limited Ownership

washington waterjet limited directors

WASHINGTON WATERJET LIMITED financials

washington waterjet limited company details

washington waterjet limited Charges & Mortgages

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