worthy developments limited Company Information
Company Number
07315395
Website
-Registered Address
millennium house, severnlink distribution centre, chepstow, monmouthshire, NP16 6UN
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
christopher worthy 50%
matthew smith 40%
View Allworthy developments limited Estimated Valuation
Pomanda estimates the enterprise value of WORTHY DEVELOPMENTS LIMITED at £475.8k based on a Turnover of £1.4m and 0.35x industry multiple (adjusted for size and gross margin).
worthy developments limited Estimated Valuation
Pomanda estimates the enterprise value of WORTHY DEVELOPMENTS LIMITED at £958.7k based on an EBITDA of £248k and a 3.87x industry multiple (adjusted for size and gross margin).
worthy developments limited Estimated Valuation
Pomanda estimates the enterprise value of WORTHY DEVELOPMENTS LIMITED at £1.1m based on Net Assets of £429.5k and 2.45x industry multiple (adjusted for liquidity).
Worthy Developments Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
Worthy Developments Limited Overview
Worthy Developments Limited is a live company located in chepstow, NP16 6UN with a Companies House number of 07315395. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 2010, it's largest shareholder is christopher worthy with a 50% stake. Worthy Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Worthy Developments Limited Health Check
Pomanda's financial health check has awarded Worthy Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£5.8m)
- Worthy Developments Limited
£5.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -46%, show it is growing at a slower rate (6.2%)
- Worthy Developments Limited
6.2% - Industry AVG
Production
with a gross margin of 24%, this company has a comparable cost of product (24%)
- Worthy Developments Limited
24% - Industry AVG
Profitability
an operating margin of 18.1% make it more profitable than the average company (5.5%)
- Worthy Developments Limited
5.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (29)
5 - Worthy Developments Limited
29 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- Worthy Developments Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £273.9k, this is more efficient (£182.7k)
- Worthy Developments Limited
£182.7k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (57 days)
- Worthy Developments Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (38 days)
- Worthy Developments Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 78 days, this is more than average (12 days)
- Worthy Developments Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (19 weeks)
42 weeks - Worthy Developments Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.2%, this is a lower level of debt than the average (62.9%)
43.2% - Worthy Developments Limited
62.9% - Industry AVG
worthy developments limited Credit Report and Business Information
Worthy Developments Limited Competitor Analysis
Perform a competitor analysis for worthy developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
worthy developments limited Ownership
WORTHY DEVELOPMENTS LIMITED group structure
Worthy Developments Limited has no subsidiary companies.
Ultimate parent company
WORTHY DEVELOPMENTS LIMITED
07315395
worthy developments limited directors
Worthy Developments Limited currently has 5 directors. The longest serving directors include Mr Matthew Smith (Jul 2010) and Mr Christopher Worthy (Aug 2012).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Matthew Smith | United Kingdom | 55 years | Jul 2010 | - | Director |
Mr Christopher Worthy | Wales | 58 years | Aug 2012 | - | Director |
Mr Clive Phillips | 55 years | Jan 2013 | - | Director | |
Mrs Lisa Smith | United Kingdom | 58 years | Jan 2013 | - | Director |
Mr Neil Beatson | England | 46 years | May 2014 | - | Director |
WORTHY DEVELOPMENTS LIMITED financials
Worthy Developments Limited's latest turnover from March 2023 is estimated at £1.4 million and the company has net assets of £429.5 thousand. According to their latest financial statements, Worthy Developments Limited has 5 employees and maintains cash reserves of £269.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||
Other Income Or Grants | |||||||||||||
Cost Of Sales | |||||||||||||
Gross Profit | |||||||||||||
Admin Expenses | |||||||||||||
Operating Profit | |||||||||||||
Interest Payable | |||||||||||||
Interest Receivable | |||||||||||||
Pre-Tax Profit | |||||||||||||
Tax | |||||||||||||
Profit After Tax | |||||||||||||
Dividends Paid | |||||||||||||
Retained Profit | |||||||||||||
Employee Costs | |||||||||||||
Number Of Employees | 5 | 5 | 5 | 5 | 5 | 5 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock & work in progress | 223,541 | 1,000,413 | 2,379,987 | 1,828,983 | 699,583 | 470,946 | 435,739 | 431,028 | 401,531 | 384,175 | 357,912 | 0 | 0 |
Trade Debtors | 262,331 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,752 | 4,579 | 68,330 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 300 | 3,483 | 11,999 | 26,212 | 8,346 | 16,400 | 2,633 | 5,512 | 0 | 0 | 0 | 0 | 0 |
Cash | 269,430 | 646,547 | 13,903 | 26,561 | 169,038 | 70,189 | 13,616 | 19,655 | 38,462 | 71,357 | 4,585 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 755,602 | 1,650,443 | 2,405,889 | 1,881,756 | 876,967 | 557,535 | 451,988 | 456,195 | 444,745 | 460,111 | 430,827 | 0 | 0 |
total assets | 755,602 | 1,650,443 | 2,405,889 | 1,881,756 | 876,967 | 557,535 | 451,988 | 456,195 | 444,745 | 460,111 | 430,827 | 0 | 0 |
Bank overdraft | 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 |
Trade Creditors | 38,070 | 40,132 | 435,204 | 428,595 | 68,900 | 20,094 | 1,788 | 2,970 | 472,418 | 481,519 | 444,417 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 578,987 | 483,987 | 483,987 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 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 |
other current liabilities | 288,059 | 1,397,501 | 2,044,937 | 1,513,614 | 484,937 | 950 | 950 | 950 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 326,129 | 1,437,633 | 2,480,141 | 1,942,209 | 553,837 | 600,031 | 486,725 | 487,907 | 472,418 | 481,519 | 444,417 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 326,129 | 1,437,633 | 2,480,141 | 1,942,209 | 928,837 | 600,031 | 486,725 | 487,907 | 472,418 | 481,519 | 444,417 | 0 | 0 |
net assets | 429,473 | 212,810 | -74,252 | -60,453 | -51,870 | -42,496 | -34,737 | -31,712 | -27,673 | -21,408 | -13,590 | 0 | 0 |
total shareholders funds | 429,473 | 212,810 | -74,252 | -60,453 | -51,870 | -42,496 | -34,737 | -31,712 | -27,673 | -21,408 | -13,590 | 0 | 0 |
Mar 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | |||||||||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Tax | |||||||||||||
Stock | -776,872 | -1,379,574 | 551,004 | 1,129,400 | 228,637 | 35,207 | 4,711 | 29,497 | 17,356 | 26,263 | 357,912 | 0 | 0 |
Debtors | 259,148 | -8,516 | -14,213 | 17,866 | -8,054 | 13,767 | -2,879 | 760 | 173 | -63,751 | 68,330 | 0 | 0 |
Creditors | -2,062 | -395,072 | 6,609 | 359,695 | 48,806 | 18,306 | -1,182 | -469,448 | -9,101 | 37,102 | 444,417 | 0 | 0 |
Accruals and Deferred Income | -1,109,442 | -647,436 | 531,323 | 1,028,677 | 483,987 | 0 | 0 | 950 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||
Financing Activities | |||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | -578,987 | 95,000 | 0 | 483,987 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | -375,000 | 375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||
interest | |||||||||||||
cash flow from financing | |||||||||||||
cash and cash equivalents | |||||||||||||
cash | -377,117 | 632,644 | -12,658 | -142,477 | 98,849 | 56,573 | -6,039 | -18,807 | -32,895 | 66,772 | 4,585 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -377,117 | 632,644 | -12,658 | -142,477 | 98,849 | 56,573 | -6,039 | -18,807 | -32,895 | 66,772 | 4,585 | 0 | 0 |
P&L
March 2023turnover
1.4m
-68%
operating profit
248k
0%
gross margin
24%
-2.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
429.5k
+1.02%
total assets
755.6k
-0.54%
cash
269.4k
-0.58%
net assets
Total assets minus all liabilities
worthy developments limited company details
company number
07315395
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
July 2010
age
14
accounts
Total Exemption Full
ultimate parent company
previous names
koster uk ltd (August 2012)
incorporated
UK
address
millennium house, severnlink distribution centre, chepstow, monmouthshire, NP16 6UN
last accounts submitted
March 2023
worthy developments limited Charges & Mortgages
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 worthy developments limited.
worthy developments limited Companies House Filings - See Documents
date | description | view/download |
---|