Way-step Ltd

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way-step ltd Company Information

Company Number

06693829

Next Accounts

Jul 2025

Directors

Ronak Patel

Vaishali Patel

Shareholders

ronak patel

vaishali patel

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Group Structure

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Industry

Dispensing chemist in specialised stores

Registered Address

2 powys lane, southgate, london, N14 7JG

Website

dockbuilder.bmp-inc.com

way-step ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of WAY-STEP LTD at £1.2m based on an EBITDA of £278.3k and a 4.21x industry multiple (adjusted for size and gross margin).

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Way-step Ltd is a live company located in london, N14 7JG with a Companies House number of 06693829. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in September 2008, it's largest shareholder is ronak patel with a 40% stake. Way-step Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.

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

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£12.4m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (7.2%)

EXPORT

Way-Step Ltd's latest turnover from October 2023 is estimated at £1.2 million and the company has net assets of £386.3 thousand. According to their latest financial statements, Way-Step Ltd has 12 employees and maintains cash reserves of £234.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,231,222	1,640,605	995,267	755,641	1,701,269	2,765,314	2,765,061	2,840,172	1,844,052	1,138,383	1,066,730	732,194	2,731	2,905	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	836,835	1,090,817	670,353	519,625	1,169,375	1,877,713	1,871,531	1,924,167	1,290,094	791,808	734,186	512,534	1,924	2,027	0
Gross Profit	394,387	549,787	324,913	236,016	531,894	887,601	893,530	916,005	553,958	346,575	332,544	219,659	807	878	0
Admin Expenses	218,995	426,343	230,068	44,801	508,431	889,451	889,284	909,438	564,045	359,925	324,675	205,768	819	-1,361	-661
Operating Profit	175,392	123,444	94,845	191,215	23,463	-1,850	4,246	6,567	-10,087	-13,350	7,869	13,891	-12	2,239	661
Interest Payable	97,365	40,104	1,525	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,996	1,850	94	66	0	0	0	42	108	30	14	13	12	15	9
Pre-Tax Profit	87,023	85,190	93,414	191,281	23,463	-1,850	4,246	6,609	-9,979	-13,320	7,883	13,904	0	2,254	669
Tax	-21,756	-16,186	-17,749	-36,343	-4,458	0	-807	-1,322	0	0	-1,813	-3,337	0	-631	-187
Profit After Tax	65,267	69,004	75,665	154,938	19,005	-1,850	3,439	5,287	-9,979	-13,320	6,070	10,567	0	1,623	482
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	65,267	69,004	75,665	154,938	19,005	-1,850	3,439	5,287	-9,979	-13,320	6,070	10,567	0	1,623	482
Employee Costs	309,083	264,842	158,899	103,911	108,558	463,624	450,172	444,903	276,157	174,303	167,453	100,981	16,918	16,784	0
Number Of Employees	12	11	7	5	5	23	24	25	16	10	10	6	1	1	0
EBITDA*	278,325	246,636	189,912	286,282	23,463	-1,850	4,246	6,567	94,901	89,848	75,369	29,986	-12	2,309	744

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	117,713	131,346	98,451	107,518	425,853	526,021	629,731	737,871	138,133	101,303	122,501	490,886	397	397	468
Intangible Assets	745,550	834,850	135,000	221,000	0	0	0	0	651,000	287,000	369,000	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	863,263	966,196	233,451	328,518	425,853	526,021	629,731	737,871	789,133	388,303	491,501	490,886	397	397	468
Stock & work in progress	305,260	281,654	85,654	79,855	0	0	0	0	68,723	31,523	30,811	36,000	0	0	0
Trade Debtors	18,957	160,711	130,269	89,867	213,282	232,235	271,188	241,254	116,881	94,442	82,715	10,871	0	0	0
Group Debtors	0	0	100,000	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	229,477	209,061	57,018	38,185	0	0	0	0	0	0	0	0	0	0	0
Cash	234,292	108,400	56,043	132,068	0	0	0	0	33,678	9,351	2,613	2,872	2,456	2,456	3,534
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	787,986	759,826	428,984	339,975	213,282	232,235	271,188	241,254	219,282	135,316	116,139	49,743	2,456	2,456	3,534
total assets	1,651,249	1,726,022	662,435	668,493	639,135	758,256	900,919	979,125	1,008,415	523,619	607,640	540,629	2,853	2,853	4,002
Bank overdraft	0	0	0	0	0	0	0	0	0	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	333,513	300,504	129,094	216,341	617,811	755,937	896,750	978,395	1,012,971	518,196	588,798	527,956	747	747	3,519
Group/Directors Accounts	0	0	172,965	233,655	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	122,709	182,277	58,349	42,135	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	456,222	482,781	360,408	492,131	617,811	755,937	896,750	978,395	1,012,971	518,196	588,798	527,956	747	747	3,519
loans	808,729	922,210	50,000	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
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	808,729	922,210	50,000	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,264,951	1,404,991	410,408	492,131	617,811	755,937	896,750	978,395	1,012,971	518,196	588,798	527,956	747	747	3,519
net assets	386,298	321,031	252,027	176,362	21,324	2,319	4,169	730	-4,556	5,423	18,842	12,673	2,106	2,106	483
total shareholders funds	386,298	321,031	252,027	176,362	21,324	2,319	4,169	730	-4,556	5,423	18,842	12,673	2,106	2,106	483

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	175,392	123,444	94,845	191,215	23,463	-1,850	4,246	6,567	-10,087	-13,350	7,869	13,891	-12	2,239	661
Depreciation	13,633	17,042	9,067	9,067	0	0	0	0	18,988	21,198	26,500	16,095	0	70	83
Amortisation	89,300	106,150	86,000	86,000	0	0	0	0	86,000	82,000	41,000	0	0	0	0
Tax	-21,756	-16,186	-17,749	-36,343	-4,458	0	-807	-1,322	0	0	-1,813	-3,337	0	-631	-187
Stock	23,606	196,000	5,799	79,855	0	0	0	-68,723	37,200	712	-5,189	36,000	0	0	0
Debtors	-121,338	82,485	159,235	-85,230	-18,953	-38,953	29,934	124,373	22,439	11,727	71,844	10,871	0	0	0
Creditors	33,009	171,410	-87,247	-401,470	-138,126	-140,813	-81,645	-34,576	494,775	-70,602	60,842	527,209	0	-2,772	3,519
Accruals and Deferred Income	-59,568	123,928	16,214	42,135	0	0	0	0	0	0	0	0	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	327,742	247,303	-63,904	-104,021	-100,168	-103,710	-108,140	-84,981	530,037	6,807	67,743	506,987	-12	-1,094	4,076
Investing Activities
capital expenditure	0	-855,937	0	2,268	100,168	103,710	108,140	51,262	-505,818	0	-68,115	-506,584	0	1	-551
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-855,937	0	2,268	100,168	103,710	108,140	51,262	-505,818	0	-68,115	-506,584	0	1	-551
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-172,965	-60,690	233,655	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	0
Long term loans	-113,481	872,210	50,000	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	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	100	0	0	0	-1	0	-99	99	0	0	0	1
interest	-88,369	-38,254	-1,431	66	0	0	0	42	108	30	14	13	12	15	9
cash flow from financing	-201,850	660,991	-12,121	233,821	0	0	0	41	108	-69	113	13	12	15	10
cash and cash equivalents
cash	125,892	52,357	-76,025	132,068	0	0	0	-33,678	24,327	6,738	-259	416	0	-1,078	3,534
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	125,892	52,357	-76,025	132,068	0	0	0	-33,678	24,327	6,738	-259	416	0	-1,078	3,534

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WAY-STEP LTD group structure

Way-Step Ltd has no subsidiary companies.

Ultimate parent company

WAY-STEP LTD

06693829

WAY-STEP LTD Shareholders

ronak patel	40%
vaishali patel	40%
vinaben patel	10%
r.k. patel	10%

Way-Step Ltd currently has 2 directors. The longest serving directors include Ronak Patel (Sep 2008) and Mrs Vaishali Patel (Nov 2013).

officer	country	age	start	end	role
Ronak Patel		41 years	Sep 2008	-	Director
Mrs Vaishali Patel		38 years	Nov 2013	-	Director

P&L

October 2023

turnover

1.2m

-25%

operating profit

175.4k

gross margin

32.1%

-4.41%

turnover

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

Balance Sheet

October 2023

net assets

386.3k

+0.2%

total assets

1.7m

-0.04%

cash

234.3k

+1.16%

net assets

Total assets minus all liabilities

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2.5

company number

06693829

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

September 2008

ultimate parent company

None

previous names

N/A

address

2 powys lane, southgate, london, N14 7JG

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 5 charges/mortgages relating to way-step ltd. Currently there are 5 open charges and 0 have been satisfied in the past.

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way-step ltd Company Information

way-step ltd Estimated Valuation

way-step ltd Estimated Valuation

way-step ltd Estimated Valuation

Way-step Ltd Overview

Way-step Ltd Health Check

WAY-STEP LTD financials

way-step ltd Credit Report and Business Information

Way-step Ltd Competitor Analysis

way-step ltd Ownership

way-step ltd directors

way-step ltd company details

way-step ltd Charges & Mortgages

way-step ltd Capital Raised & Share Issues BETA

way-step ltd Companies House Filings - See Documents