worthy developments limited

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worthy developments limited Company Information

Share WORTHY DEVELOPMENTS LIMITED
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EstablishedSmallDeclining

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

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Directors

Matthew Smith13 Years

Christopher Worthy11 Years

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Shareholders

christopher worthy 50%

matthew smith 40%

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worthy developments limited Estimated Valuation

£475.8k

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

£958.7k

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

£1.1m

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).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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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.

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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

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £1.4m, make it smaller than the average company (£5.8m)

£1.4m - Worthy Developments Limited

£5.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -46%, show it is growing at a slower rate (6.2%)

-46% - Worthy Developments Limited

6.2% - Industry AVG

production

Production

with a gross margin of 24%, this company has a comparable cost of product (24%)

24% - Worthy Developments Limited

24% - Industry AVG

profitability

Profitability

an operating margin of 18.1% make it more profitable than the average company (5.5%)

18.1% - Worthy Developments Limited

5.5% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (29)

5 - Worthy Developments Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)

£44.7k - Worthy Developments Limited

£44.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £273.9k, this is more efficient (£182.7k)

£273.9k - Worthy Developments Limited

£182.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 69 days, this is later than average (57 days)

69 days - Worthy Developments Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (38 days)

13 days - Worthy Developments Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 78 days, this is more than average (12 days)

78 days - Worthy Developments Limited

12 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Worthy Developments Limited Competitor Analysis

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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 Shareholders

christopher worthy 50%
matthew smith 40%
clive phillips 5%
lisa smith 5%

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).

officercountryagestartendrole
Mr Matthew SmithUnited Kingdom55 years Jul 2010- Director
Mr Christopher WorthyWales58 years Aug 2012- Director
Mr Clive Phillips55 years Jan 2013- Director
Mrs Lisa SmithUnited Kingdom58 years Jan 2013- Director
Mr Neil BeatsonEngland46 years May 2014- Director

WORTHY DEVELOPMENTS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011
Turnover1,369,6314,326,65610,795,1718,542,4743,191,7662,874,8161,858,5572,391,7342,452,2172,427,2202,249,16000
Other Income Or Grants0000000000000
Cost Of Sales1,041,2943,265,8808,328,5366,519,4472,409,3342,157,9831,376,9841,762,2431,846,6181,824,5801,654,77900
Gross Profit328,3371,060,7762,466,6352,023,028782,432716,832481,573629,491605,598602,640594,38100
Admin Expenses80,316710,5062,480,4542,031,709792,703724,801484,640633,675612,138610,648608,08200
Operating Profit248,021350,270-13,819-8,681-10,271-7,969-3,067-4,184-6,540-8,008-13,70100
Interest Payable0000000000000
Interest Receivable19,4654,1282098897210421452751901100
Pre-Tax Profit267,485354,398-13,799-8,583-9,374-7,759-3,025-4,039-6,265-7,818-13,69000
Tax-50,822-67,33600000000000
Profit After Tax216,663287,062-13,799-8,583-9,374-7,759-3,025-4,039-6,265-7,818-13,69000
Dividends Paid0000000000000
Retained Profit216,663287,062-13,799-8,583-9,374-7,759-3,025-4,039-6,265-7,818-13,69000
Employee Costs223,588214,853210,359212,438212,216754,588200,128592,354586,394566,557554,12900
Number Of Employees555551851515151500
EBITDA*248,021350,270-13,819-8,681-10,271-7,969-3,067-4,184-6,540-8,008-13,70100

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011
Tangible Assets0000000000000
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets0000000000000
Stock & work in progress223,5411,000,4132,379,9871,828,983699,583470,946435,739431,028401,531384,175357,91200
Trade Debtors262,33100000004,7524,57968,33000
Group Debtors0000000000000
Misc Debtors3003,48311,99926,2128,34616,4002,6335,51200000
Cash269,430646,54713,90326,561169,03870,18913,61619,65538,46271,3574,58500
misc current assets0000000000000
total current assets755,6021,650,4432,405,8891,881,756876,967557,535451,988456,195444,745460,111430,82700
total assets755,6021,650,4432,405,8891,881,756876,967557,535451,988456,195444,745460,111430,82700
Bank overdraft0000000000000
Bank loan0000000000000
Trade Creditors 38,07040,132435,204428,59568,90020,0941,7882,970472,418481,519444,41700
Group/Directors Accounts00000578,987483,987483,98700000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities288,0591,397,5012,044,9371,513,614484,93795095095000000
total current liabilities326,1291,437,6332,480,1411,942,209553,837600,031486,725487,907472,418481,519444,41700
loans0000000000000
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities0000375,00000000000
provisions0000000000000
total long term liabilities0000375,00000000000
total liabilities326,1291,437,6332,480,1411,942,209928,837600,031486,725487,907472,418481,519444,41700
net assets429,473212,810-74,252-60,453-51,870-42,496-34,737-31,712-27,673-21,408-13,59000
total shareholders funds429,473212,810-74,252-60,453-51,870-42,496-34,737-31,712-27,673-21,408-13,59000
Mar 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011
Operating Activities
Operating Profit248,021350,270-13,819-8,681-10,271-7,969-3,067-4,184-6,540-8,008-13,70100
Depreciation0000000000000
Amortisation0000000000000
Tax-50,822-67,33600000000000
Stock-776,872-1,379,574551,0041,129,400228,63735,2074,71129,49717,35626,263357,91200
Debtors259,148-8,516-14,21317,866-8,05413,767-2,879760173-63,75168,33000
Creditors-2,062-395,0726,609359,69548,80618,306-1,182-469,448-9,10137,102444,41700
Accruals and Deferred Income-1,109,442-647,436531,3231,028,677483,9870095000000
Deferred Taxes & Provisions0000000000000
Cash flow from operations-396,581628,516-12,678232,425301,939-38,637-6,081-502,939-33,17066,5824,47400
Investing Activities
capital expenditure0000000000000
Change in Investments0000000000000
cash flow from investments0000000000000
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0000-578,98795,0000483,98700000
Other Short Term Loans 0000000000000
Long term loans0000000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities000-375,000375,00000000000
share issue000000000010000
interest19,4654,1282098897210421452751901100
cash flow from financing19,4654,12820-374,902-203,09095,21042484,13227519011100
cash and cash equivalents
cash-377,117632,644-12,658-142,47798,84956,573-6,039-18,807-32,89566,7724,58500
overdraft0000000000000
change in cash-377,117632,644-12,658-142,47798,84956,573-6,039-18,807-32,89566,7724,58500

P&L

March 2023

turnover

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 2023

net 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

None

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.

charges

worthy developments limited Companies House Filings - See Documents

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