Pomanda estimates the enterprise value of WELCH PAYROLL SERVICES LIMITED at £14.9k based on a Turnover of £123.2k and 0.12x industry multiple (adjusted for size and gross margin).
welch payroll services limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of WELCH PAYROLL SERVICES LIMITED at £0 based on an EBITDA of £-3.2k and a 2.11x industry multiple (adjusted for size and gross margin).
welch payroll services limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of WELCH PAYROLL SERVICES LIMITED at £0 based on Net Assets of £-2.9k and 1.3x industry multiple (adjusted for liquidity).
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Welch Payroll Services LimitedOverview
Welch Payroll Services Limited is a live company located in taunton, TA2 6BJ with a Companies House number of 07264488. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in May 2010, it's largest shareholder is
welch & co (south west) limited
with a 33.4% stake. Welch Payroll Services Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£123.2k with
declining
growth in recent years.
Pomanda's financial health check has awarded Welch Payroll Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
1 Regular
7 Weak
Size
annual sales of £123.2k, make it smaller than the average company (£9.8m)
£123.2k - Welch Payroll Services Limited
£9.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.8%)
-1% - Welch Payroll Services Limited
6.8% - Industry AVG
Production
with a gross margin of 6.9%, this company has a higher cost of product (21.7%)
6.9% - Welch Payroll Services Limited
21.7% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (1.9%)
-2.6% - Welch Payroll Services Limited
1.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (61)
2 - Welch Payroll Services Limited
61 - Industry AVG
Pay Structure
on an average salary of £60.4k, the company has an equivalent pay structure (£60.4k)
£60.4k - Welch Payroll Services Limited
£60.4k - Industry AVG
Efficiency
resulting in sales per employee of £61.6k, this is less efficient (£111.3k)
£61.6k - Welch Payroll Services Limited
£111.3k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (48 days)
25 days - Welch Payroll Services Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 88 days, this is slower than average (7 days)
88 days - Welch Payroll Services Limited
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Welch Payroll Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Welch Payroll Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.5%, this is a higher level of debt than the average (79.1%)
111.5% - Welch Payroll Services Limited
79.1% - Industry AVG
WELCH PAYROLL SERVICES LIMITED financials
EXPORT
Welch Payroll Services Limited's latest turnover from December 2023 is estimated at £123.2 thousand and the company has net assets of -£2.9 thousand. According to their latest financial statements, Welch Payroll Services Limited has 2 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
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
Turnover
123,190
149,484
162,309
126,126
107,000
99,783
94,879
121,993
85,695
126,911
25,843
48,468
51,547
32,580
Other Income Or Grants
Cost Of Sales
114,667
137,992
151,650
117,491
99,283
90,879
85,300
110,689
76,136
114,438
2,013
42,705
45,910
27,817
Gross Profit
8,523
11,492
10,659
8,636
7,717
8,904
9,579
11,304
9,559
12,473
23,830
5,762
5,637
4,763
Admin Expenses
11,706
22,723
13,298
-12,498
1,380
-11,418
18,867
12,483
18,270
12,124
16,685
8,190
5,533
452
Operating Profit
-3,183
-11,231
-2,639
21,134
6,337
20,322
-9,288
-1,179
-8,711
349
7,145
-2,428
104
4,311
Interest Payable
547
534
699
368
355
Interest Receivable
4
12
18
8
23
18
10
14
8
Pre-Tax Profit
-3,183
-11,231
-3,186
20,600
5,642
19,965
-9,624
-1,171
-8,688
368
7,145
-2,418
117
4,319
Tax
-3,914
-1,072
-3,793
-73
-962
-28
-1,123
Profit After Tax
-3,183
-11,231
-3,186
16,686
4,570
16,172
-9,624
-1,171
-8,688
294
6,183
-2,418
89
3,196
Dividends Paid
6,000
Retained Profit
-3,183
-11,231
-3,186
16,686
4,570
16,172
-9,624
-1,171
-8,688
294
183
-2,418
89
3,196
Employee Costs
120,810
109,763
108,424
103,659
93,278
105,183
97,025
46,988
49,114
45,687
14,581
46,236
47,508
43,541
Number Of Employees
2
2
2
2
2
2
2
1
1
1
1
1
1
1
EBITDA*
-3,183
-11,231
-2,639
21,134
6,337
20,322
-9,288
-1,179
-8,711
349
7,145
-2,428
104
4,311
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
8,691
20,881
25,570
24,704
3,854
4,213
25,940
16,256
19,905
24,018
8,281
10,964
7,724
Group Debtors
Misc Debtors
16,367
18,948
23,144
24,499
30,355
15,377
12,933
Cash
7,337
3,100
4,243
2,287
7,047
252
1,763
2,375
3,027
misc current assets
total current assets
25,058
39,829
48,714
49,203
37,692
19,231
20,246
30,183
18,543
26,952
24,270
10,044
13,339
10,751
total assets
25,058
39,829
48,714
49,203
37,692
19,231
20,246
30,183
18,543
26,952
24,270
10,044
13,339
10,751
Bank overdraft
2,914
Bank loan
Trade Creditors
27,939
39,527
37,181
16,984
20,748
24,108
23,608
1,421
7,177
8,054
5,555
Group/Directors Accounts
13,997
other short term finances
5,420
8,000
hp & lease commitments
other current liabilities
11,869
3,063
24,401
23,887
19,799
total current liabilities
27,939
39,527
37,181
16,984
17,289
20,748
38,085
38,398
23,887
23,608
21,220
7,177
8,054
5,555
loans
17,500
17,500
hp & lease commitments
Accruals and Deferred Income
450
other liabilities
provisions
total long term liabilities
17,500
17,500
450
total liabilities
27,939
39,527
37,181
34,484
34,789
21,198
38,085
38,398
23,887
23,608
21,220
7,177
8,054
5,555
net assets
-2,881
302
11,533
14,719
2,903
-1,967
-17,839
-8,215
-5,344
3,344
3,050
2,867
5,285
5,196
total shareholders funds
-2,881
302
11,533
14,719
2,903
-1,967
-17,839
-8,215
-5,344
3,344
3,050
2,867
5,285
5,196
Dec 2023
Dec 2022
Dec 2021
Dec 2020
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
Operating Activities
Operating Profit
-3,183
-11,231
-2,639
21,134
6,337
20,322
-9,288
-1,179
-8,711
349
7,145
-2,428
104
4,311
Depreciation
Amortisation
Tax
-3,914
-1,072
-3,793
-73
-962
-28
-1,123
Stock
Debtors
-14,771
-8,885
-489
29,972
11,124
2,085
-8,794
9,684
-3,649
-4,113
15,737
-2,683
3,240
7,724
Creditors
-11,588
2,346
20,197
-3,764
-20,748
-3,360
24,108
-23,608
22,187
-5,756
-877
2,499
5,555
Accruals and Deferred Income
-450
11,419
-2,613
-21,338
514
23,887
-19,799
19,799
Deferred Taxes & Provisions
Cash flow from operations
18,047
-16,966
-15,188
8,471
2,276
-10,349
-4,783
6,777
4,489
-622
-665
1,019
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-13,997
13,997
Other Short Term Loans
5,420
-8,000
8,000
Long term loans
-17,500
17,500
17,500
Hire Purchase and Lease Commitments
other long term liabilities
share issue
300
-300
-1,700
2,000
interest
-547
-534
-695
-356
-337
8
23
18
10
14
8
cash flow from financing
-18,047
16,966
22,525
-8,656
-6,334
12,305
23
18
10
14
2,008
cash and cash equivalents
cash
7,337
-3,100
-1,143
1,956
-4,760
6,795
-1,511
-612
-652
3,027
overdraft
-2,914
2,914
change in cash
7,337
-186
-4,057
1,956
-4,760
6,795
-1,511
-612
-652
3,027
welch payroll services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for welch payroll services limited. Get real-time insights into welch payroll services limited's credit score, group structure and payment trends.
Perform a competitor analysis for welch payroll services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in TA2 area or any other competitors across 12 key performance metrics.
welch payroll services limited Ownership
WELCH PAYROLL SERVICES LIMITED group structure
Welch Payroll Services Limited has no subsidiary companies.
Ultimate parent company
WELCH PAYROLL SERVICES LIMITED
07264488
WELCH PAYROLL SERVICES LIMITED Shareholders
The largest shareholders in Welch Payroll Services Limited include Welch & Co (South West) Limited and Kenneth Reginald George Welch.
welch & co (south west) limited
33.44%
kenneth reginald george welch
33.11%
thomas robert alwyn ellis
33.11%
indiana perry
0.33%
welch payroll services limited directors
Welch Payroll Services Limited currently has 1 director, Mr Kenneth Welch serving since Mar 2012.
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 did not find charges/mortgages relating to welch payroll services limited.
welch payroll services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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welch payroll services limitedCompanies House Filings - See Documents
