Watford Plumbers Limited

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watford plumbers limited Company Information

Live

EstablishedMicroDeclining

Company Number

07598186

Next Accounts

Jan 2025

Industry

Plumbing, heat and air-conditioning installation

Directors

Neil O'Sullivan

William Kelly

Shareholders

william joseph kelly

neil christopher o'sullivan

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Group Structure

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Contact

Registered Address

6 bridge place, watford, WD17 2JH

Website

www.watfordplumbers.com

watford plumbers limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of WATFORD PLUMBERS LIMITED at £2m based on Net Assets of £696.6k and 2.89x industry multiple (adjusted for liquidity).

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Watford Plumbers Limited is a live company located in watford, WD17 2JH with a Companies House number of 07598186. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in April 2011, it's largest shareholder is william joseph kelly with a 50% stake. Watford Plumbers Limited is a established, micro sized company, Pomanda has estimated its turnover at £424.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Watford Plumbers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £424.8k, make it in line with the average company (£425.8k)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (5.5%)

EXPORT

Watford Plumbers Limited's latest turnover from April 2023 is estimated at £424.8 thousand and the company has net assets of £696.6 thousand. According to their latest financial statements, Watford Plumbers Limited has 6 employees and maintains cash reserves of £512.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Turnover	424,819	1,548,165	1,093,153	1,165,482	1,393,840	769,297	661,335	284,488	207,281	108,951	81,522	14,293
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	308,522	1,086,645	775,968	800,839	913,479	512,741	427,799	185,083	136,174	69,258	50,467	8,920
Gross Profit	116,298	461,520	317,185	364,643	480,361	256,556	233,536	99,405	71,107	39,693	31,054	5,373
Admin Expenses	170,806	101,480	329,285	474,297	52,017	21,909	228,699	85,552	73,874	38,236	30,733	-3,428
Operating Profit	-54,508	360,040	-12,100	-109,654	428,344	234,647	4,837	13,853	-2,767	1,457	321	8,801
Interest Payable	221	88	61	62	34	0	0	0	0	0	0	0
Interest Receivable	19,587	2,214	139	151	1,616	566	78	337	263	164	102	20
Pre-Tax Profit	-35,142	362,165	-12,022	-109,565	429,926	235,214	4,915	14,190	-2,504	1,620	423	8,821
Tax	0	-68,811	0	0	-81,686	-44,691	-934	-2,838	0	-340	-97	-2,117
Profit After Tax	-35,142	293,354	-12,022	-109,565	348,240	190,523	3,981	11,352	-2,504	1,280	326	6,704
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-35,142	293,354	-12,022	-109,565	348,240	190,523	3,981	11,352	-2,504	1,280	326	6,704
Employee Costs	196,614	104,712	97,693	67,175	70,003	68,603	199,106	106,496	69,752	35,316	34,643	34,746
Number Of Employees	6	3	3	2	2	2	6	3	2	1	1	1
EBITDA*	-50,080	369,991	-4,220	-109,654	428,344	234,647	4,837	13,853	-2,767	1,457	321	8,801

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Tangible Assets	38,548	39,805	42,183	18,882	0	0	0	0	0	0	0	0
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	38,548	39,805	42,183	18,882	0	0	0	0	0	0	0	0
Stock & work in progress	13,700	8,669	99,254	193,704	0	0	0	0	0	0	0	0
Trade Debtors	71,147	441,223	208,838	150,894	438,161	146,128	103,156	36,048	25,974	8,268	4,135	1,713
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	176,027	149,548	83,337	189,230	17,668	0	0	0	0	0	0	0
Cash	512,100	409,632	180,839	96,688	204,464	226,473	0	62,226	72,638	32,746	32,746	8,105
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	772,974	1,009,072	572,268	630,516	660,293	372,601	103,156	98,274	98,612	41,014	36,881	9,818
total assets	811,522	1,048,877	614,451	649,398	660,293	372,601	103,156	98,274	98,612	41,014	36,881	9,818
Bank overdraft	2,669	1,644	978	1,011	1,011	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	35,311	269,334	119,819	62,952	18,907	0	82,017	0	0	32,604	29,751	3,014
Group/Directors Accounts	0	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
hp & lease commitments	798	4,309	4,250	0	0	0	0	0	0	0	0	0
other current liabilities	76,117	40,402	46,000	121,509	80,373	160,839	0	0	0	0	0	0
total current liabilities	114,895	315,689	171,047	185,472	100,291	160,839	82,017	0	0	32,604	29,751	3,014
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	1,419	4,989	13,489	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	81,016	92,706	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	1,419	4,989	13,489	0	0	0	81,016	92,706	0	0	0
total liabilities	114,895	317,108	176,036	198,961	100,291	160,839	82,017	81,016	92,706	32,604	29,751	3,014
net assets	696,627	731,769	438,415	450,437	560,002	211,762	21,139	17,258	5,906	8,410	7,130	6,804
total shareholders funds	696,627	731,769	438,415	450,437	560,002	211,762	21,139	17,258	5,906	8,410	7,130	6,804

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Operating Activities
Operating Profit	-54,508	360,040	-12,100	-109,654	428,344	234,647	4,837	13,853	-2,767	1,457	321	8,801
Depreciation	4,428	9,951	7,880	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-68,811	0	0	-81,686	-44,691	-934	-2,838	0	-340	-97	-2,117
Stock	5,031	-90,585	-94,450	193,704	0	0	0	0	0	0	0	0
Debtors	-343,597	298,596	-47,949	-115,705	309,701	42,972	67,108	10,074	17,706	4,133	2,422	1,713
Creditors	-234,023	149,515	56,867	44,045	18,907	-82,017	82,017	0	-32,604	2,853	26,737	3,014
Accruals and Deferred Income	35,715	-5,598	-75,509	41,136	-80,466	160,839	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	90,178	237,086	119,537	-102,472	-24,602	225,806	18,812	941	-53,077	-163	24,539	7,985
Investing Activities
capital expenditure	-3,171	-7,573	-31,181	-18,882	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,171	-7,573	-31,181	-18,882	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-4,930	-3,511	-4,250	13,489	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-81,016	-11,690	92,706	0	0	0
share issue	0	0	0	0	0	100	-100	0	0	0	0	100
interest	19,366	2,126	78	89	1,582	566	78	337	263	164	102	20
cash flow from financing	14,436	-1,385	-4,172	13,578	1,582	666	-81,038	-11,353	92,969	164	102	120
cash and cash equivalents
cash	102,468	228,793	84,151	-107,776	-22,009	226,473	-62,226	-10,412	39,892	0	24,641	8,105
overdraft	1,025	666	-33	0	1,011	0	0	0	0	0	0	0
change in cash	101,443	228,127	84,184	-107,776	-23,020	226,473	-62,226	-10,412	39,892	0	24,641	8,105

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WATFORD PLUMBERS LIMITED group structure

Watford Plumbers Limited has no subsidiary companies.

Ultimate parent company

WATFORD PLUMBERS LIMITED

07598186

WATFORD PLUMBERS LIMITED Shareholders

william joseph kelly	50%
neil christopher o'sullivan	26%
catriona o'sullivan	24%

Watford Plumbers Limited currently has 2 directors. The longest serving directors include Mr Neil O'Sullivan (Apr 2011) and Mr William Kelly (Apr 2011).

officer	country	age	start	end	role
Mr Neil O'Sullivan	England	41 years	Apr 2011	-	Director
Mr William Kelly	England	40 years	Apr 2011	-	Director

P&L

April 2023

turnover

424.8k

-73%

operating profit

-54.5k

gross margin

27.4%

-8.17%

turnover

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

Balance Sheet

April 2023

net assets

696.6k

-0.05%

total assets

811.5k

-0.23%

cash

512.1k

+0.25%

net assets

Total assets minus all liabilities

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company number

07598186

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

April 2011

ultimate parent company

None

previous names

N/A

address

6 bridge place, watford, WD17 2JH

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watford plumbers limited Company Information

watford plumbers limited Estimated Valuation

watford plumbers limited Estimated Valuation

watford plumbers limited Estimated Valuation

Watford Plumbers Limited Overview

Watford Plumbers Limited Health Check

WATFORD PLUMBERS LIMITED financials

watford plumbers limited Credit Report and Business Information

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