drainworx limited
drainworx limited Company Information
Company Number
07351927
Next Accounts
May 2025
Directors
Shareholders
mr malcolm andrew caiger
Group Structure
View All
Industry
Sewerage
Registered Address
orion house bessemer road, welwyn garden city, herts, AL7 1HH
Website
http://drain-worx.co.ukdrainworx limited Estimated Valuation
Pomanda estimates the enterprise value of DRAINWORX LIMITED at £362.7k based on a Turnover of £493.9k and 0.73x industry multiple (adjusted for size and gross margin).
drainworx limited Estimated Valuation
Pomanda estimates the enterprise value of DRAINWORX LIMITED at £0 based on an EBITDA of £-27.3k and a 3.55x industry multiple (adjusted for size and gross margin).
drainworx limited Estimated Valuation
Pomanda estimates the enterprise value of DRAINWORX LIMITED at £316.4k based on Net Assets of £126.5k and 2.5x industry multiple (adjusted for liquidity).
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Drainworx Limited Overview
Drainworx Limited is a live company located in herts, AL7 1HH with a Companies House number of 07351927. It operates in the sewerage sector, SIC Code 37000. Founded in August 2010, it's largest shareholder is mr malcolm andrew caiger with a 100% stake. Drainworx Limited is a established, micro sized company, Pomanda has estimated its turnover at £493.9k with declining growth in recent years.
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Drainworx Limited Health Check
Pomanda's financial health check has awarded Drainworx Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £493.9k, make it smaller than the average company (£10.3m)
- Drainworx Limited
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.3%)
- Drainworx Limited
8.3% - Industry AVG
Production
with a gross margin of 22%, this company has a higher cost of product (29.6%)
- Drainworx Limited
29.6% - Industry AVG
Profitability
an operating margin of -5.5% make it less profitable than the average company (7%)
- Drainworx Limited
7% - Industry AVG
Employees
with 4 employees, this is below the industry average (79)
4 - Drainworx Limited
79 - Industry AVG
Pay Structure
on an average salary of £46.9k, the company has an equivalent pay structure (£46.9k)
- Drainworx Limited
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £123.5k, this is equally as efficient (£129.1k)
- Drainworx Limited
£129.1k - Industry AVG
Debtor Days
it gets paid by customers after 132 days, this is later than average (63 days)
- Drainworx Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (33 days)
- Drainworx Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Drainworx Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Drainworx Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46%, this is a lower level of debt than the average (64%)
46% - Drainworx Limited
64% - Industry AVG
DRAINWORX LIMITED financials
Drainworx Limited's latest turnover from August 2023 is estimated at £493.9 thousand and the company has net assets of £126.5 thousand. According to their latest financial statements, Drainworx Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 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 | 4 | 3 | 3 | 3 | 3 | 2 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 52,916 | 36,724 | 40,206 | 45,948 | 44,741 | 45,364 | 43,040 | 56,307 | 38,522 | 24,510 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 18,200 | 36,400 | 54,600 | 72,800 | 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 | 52,916 | 36,724 | 40,206 | 45,948 | 44,741 | 45,364 | 61,240 | 92,707 | 93,122 | 97,310 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 18,801 | 25,101 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 178,873 | 206,087 | 165,459 | 145,879 | 131,773 | 76,026 | 28,153 | 65,791 | 92,585 | 63,167 | 17,354 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,194 | 10,000 | 0 | 555 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 13,147 | 8,114 | 10,991 | 45,338 | 682 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 181,067 | 216,087 | 165,459 | 146,434 | 131,773 | 76,026 | 60,101 | 99,006 | 103,576 | 108,505 | 18,036 | 0 | 0 |
| total assets | 233,983 | 252,811 | 205,665 | 192,382 | 176,514 | 121,390 | 121,341 | 191,713 | 196,698 | 205,815 | 18,036 | 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 | 75,967 | 57,810 | 56,188 | 96,372 | 91,551 | 34,855 | 18,921 | 5,280 | 96,130 | 166,319 | 13,479 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 681 | 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 | 7,191 | 8,840 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 17,496 | 43,422 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 75,967 | 57,810 | 56,188 | 96,372 | 91,551 | 34,855 | 43,608 | 57,542 | 96,130 | 166,319 | 14,160 | 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 | 1,571 | 9,577 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 31,563 | 41,293 | 50,000 | 516 | 6,979 | 0 | 0 | 0 | 0 | 2,918 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 31,563 | 41,293 | 50,000 | 516 | 6,979 | 0 | 1,571 | 9,577 | 0 | 2,918 | 0 | 0 | 0 |
| total liabilities | 107,530 | 99,103 | 106,188 | 96,888 | 98,530 | 34,855 | 45,179 | 67,119 | 96,130 | 169,237 | 14,160 | 0 | 0 |
| net assets | 126,453 | 153,708 | 99,477 | 95,494 | 77,984 | 86,535 | 76,162 | 124,594 | 100,568 | 36,578 | 3,876 | 0 | 0 |
| total shareholders funds | 126,453 | 153,708 | 99,477 | 95,494 | 77,984 | 86,535 | 76,162 | 124,594 | 100,568 | 36,578 | 3,876 | 0 | 0 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 14,724 | 15,301 | 8,636 | 0 | |||||||||
| Amortisation | 18,200 | 18,200 | 18,200 | 0 | |||||||||
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -18,801 | -6,300 | 25,101 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -35,020 | 50,628 | 19,025 | 14,661 | 55,747 | 47,873 | -37,638 | -26,794 | 29,418 | 45,813 | 17,354 | 0 | 0 |
| Creditors | 18,157 | 1,622 | -40,184 | 4,821 | 56,696 | 15,934 | 13,641 | -90,850 | -70,189 | 152,840 | 13,479 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | -17,496 | -25,926 | 43,422 | 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 | 0 | 0 | 0 | 0 | 0 | -681 | 681 | 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 | -8,762 | -9,655 | 18,417 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -9,730 | -8,707 | 49,484 | -6,463 | 6,979 | 0 | 0 | 0 | -2,918 | 2,918 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -13,147 | 5,033 | -2,877 | -34,347 | 44,656 | 682 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -13,147 | 5,033 | -2,877 | -34,347 | 44,656 | 682 | 0 | 0 |
drainworx limited Credit Report and Business Information
Drainworx Limited Competitor Analysis
Perform a competitor analysis for drainworx limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other micro companies, companies in AL7 area or any other competitors across 12 key performance metrics.
drainworx limited Ownership
DRAINWORX LIMITED group structure
Drainworx Limited has no subsidiary companies.
Ultimate parent company
DRAINWORX LIMITED
07351927
drainworx limited directors
Drainworx Limited currently has 1 director, Mr Malcolm Caiger serving since Aug 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Malcolm Caiger | United Kingdom | 51 years | Aug 2010 | - | Director |
P&L
August 2023turnover
493.9k
-9%
operating profit
-27.3k
0%
gross margin
22%
-25.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
126.5k
-0.18%
total assets
234k
-0.07%
cash
0
0%
net assets
Total assets minus all liabilities
drainworx limited company details
company number
07351927
Type
Private limited with Share Capital
industry
37000 - Sewerage
incorporation date
August 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
orion house bessemer road, welwyn garden city, herts, AL7 1HH
Bank
-
Legal Advisor
-
drainworx 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 drainworx limited.
drainworx 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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drainworx limited Companies House Filings - See Documents
| date | description | view/download |
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