Welch & Co (south West) Limited

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welch & co (south west) limited Company Information

Live

EstablishedMicroDeclining

Company Number

07894680

Website

www.welchaccountants.com

Registered Address

2 drake house, cook way, taunton, somerset, TA2 6BJ

Industry

Accounting, and auditing activities

Telephone

01823321954

Next Accounts Due

September 2025

Group Structure

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Directors

Kenneth Welch12 Years

Shareholders

mr kenneth reginald george welch 39.3%

kenneth reginald george welch 17.9%

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welch & co (south west) limited Estimated Valuation

£454.9k

Pomanda estimates the enterprise value of WELCH & CO (SOUTH WEST) LIMITED at £454.9k based on Net Assets of £150k and 3.03x industry multiple (adjusted for liquidity).

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Welch & Co (south West) Limited is a live company located in taunton, TA2 6BJ with a Companies House number of 07894680. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in January 2012, it's largest shareholder is mr kenneth reginald george welch with a 39.3% stake. Welch & Co (south West) Limited is a established, micro sized company, Pomanda has estimated its turnover at £278.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Welch & Co (South West) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £278.8k, make it larger than the average company (£136k)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.7%)

EXPORT

Welch & Co (South West) Limited's latest turnover from December 2023 is estimated at £278.8 thousand and the company has net assets of £150 thousand. According to their latest financial statements, Welch & Co (South West) Limited has 10 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
Turnover	278,819	291,155	228,857	334,732	241,842	212,961	175,696	195,689	214,711	534,503	1,049,160	394,749
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	155,132	157,589	118,087	159,864	109,944	99,960	73,798	74,931	91,922	246,585	370,428	137,545
Gross Profit	123,687	133,566	110,770	174,869	131,898	113,001	101,898	120,758	122,790	287,918	678,732	257,205
Admin Expenses	169,708	-32,768	187,747	-82,955	1,429	72,601	181,343	91,804	122,665	311,971	677,324	257,235
Operating Profit	-46,021	166,334	-76,977	257,824	130,469	40,400	-79,445	28,954	125	-24,053	1,408	-30
Interest Payable	0	3,008	1,979	3,945	8,308	10,336	6,532	1,724	1,011	0	0	0
Interest Receivable	0	122	9	7	16	160	82	25	47	11	35	31
Pre-Tax Profit	-46,021	163,448	-78,947	253,886	122,177	30,223	-85,895	27,254	-840	-24,042	1,443	1
Tax	0	-31,055	0	-48,238	-23,214	-5,742	0	-5,178	0	0	-303	0
Profit After Tax	-46,021	132,393	-78,947	205,648	98,963	24,481	-85,895	22,076	-840	-24,042	1,140	1
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-46,021	132,393	-78,947	205,648	98,963	24,481	-85,895	22,076	-840	-24,042	1,140	1
Employee Costs	231,989	211,001	180,085	172,588	177,756	219,128	188,557	66,147	92,362	122,013	305,143	124,874
Number Of Employees	10	9	8	8	8	9	8	3	3	4	10	4
EBITDA*	-46,021	166,334	-76,977	259,247	133,427	40,400	-76,436	32,411	3,989	-19,082	7,924	3,278

* 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
Tangible Assets	35,506	37,310	6,324	38,427	8,875	11,167	9,027	10,371	11,592	14,912	19,550	18,742
Intangible Assets	0	0	20,000	0	20,000	20,000	20,000	0	0	0	0	0
Investments & Other	0	0	10,094	0	10,094	0	10,094	10,094	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	35,506	37,310	36,418	38,427	38,969	31,167	39,121	20,465	11,592	14,912	19,550	18,742
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	112,991	138,595	104,937	176,144	88,441	68,091	66,175	82,102	75,440	158,330	271,982	105,780
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	138,884	104,220	107,245	59,087	179,432	80,885	97,488	169,236	163,006	0	0	0
Cash	0	0	6,971	0	16,755	14,460	28,207	4,497	15,502	3,160	1,430	12,392
misc current assets	0	0	0	0	0	663	0	0	0	0	0	0
total current assets	251,875	242,815	219,153	235,231	284,628	164,099	191,870	255,835	253,948	161,490	273,412	118,172
total assets	287,381	280,125	255,571	273,658	323,597	195,266	230,991	276,300	265,540	176,402	292,962	136,914
Bank overdraft	0	0	0	0	17,565	34,366	29,411	24,063	31,113	0	0	0
Bank loan	0	0	13,651	0	0	0	0	0	0	0	0	0
Trade Creditors	131,544	49,020	710	80,374	3,874	0	4,705	4,356	1,440	199,203	291,721	136,813
Group/Directors Accounts	0	0	0	0	0	0	0	120,203	0	0	0	0
other short term finances	0	0	5,509	0	75,502	94,975	147,509	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	19,412	0	32,272	20,504	28,426	20,843	256,628	0	0	0
total current liabilities	131,544	49,020	39,282	80,374	129,213	149,845	210,051	169,465	289,181	199,203	291,721	136,813
loans	0	0	44,167	0	50,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	1,176	923	0	715	0	0	0	0	0	0	0	0
other liabilities	4,667	34,167	0	50,000	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	5,843	35,090	44,167	50,715	50,000	0	0	0	0	0	0	0
total liabilities	137,387	84,110	83,449	131,089	179,213	149,845	210,051	169,465	289,181	199,203	291,721	136,813
net assets	149,994	196,015	172,122	142,569	144,384	45,421	20,940	106,835	-23,641	-22,801	1,241	101
total shareholders funds	149,994	196,015	172,122	142,569	144,384	45,421	20,940	106,835	-23,641	-22,801	1,241	101

	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
Operating Activities
Operating Profit	-46,021	166,334	-76,977	257,824	130,469	40,400	-79,445	28,954	125	-24,053	1,408	-30	0
Depreciation	0	0	0	1,423	2,958	0	3,009	3,457	3,864	4,971	6,516	3,308	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-31,055	0	-48,238	-23,214	-5,742	0	-5,178	0	0	-303	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	9,060	30,633	-23,049	86,255	118,897	-14,687	-87,675	12,892	80,116	-113,652	166,202	105,780	0
Creditors	82,524	48,310	-79,664	80,374	3,874	-4,705	349	2,916	-197,763	-92,518	154,908	136,813	0
Accruals and Deferred Income	253	-18,489	18,697	-19,789	11,768	-7,922	7,583	-235,785	256,628	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	27,696	134,467	-114,895	185,339	6,958	36,718	19,171	-218,528	-17,262	2,052	-3,673	34,311	0
Investing Activities
capital expenditure	1,804	-10,986	12,103	-8,683	-666	-2,140	-21,665	-2,236	-544	-333	-7,324	-22,050	0
Change in Investments	0	-10,094	10,094	0	10,094	-10,094	0	10,094	0	0	0	0	0
cash flow from investments	1,804	-892	2,009	-8,683	-10,760	7,954	-21,665	-12,330	-544	-333	-7,324	-22,050	0
Financing Activities
Bank loans	0	-13,651	13,651	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-120,203	120,203	0	0	0	0	0
Other Short Term Loans	0	-5,509	5,509	-94,975	-19,473	-52,534	147,509	0	0	0	0	0	0
Long term loans	0	-44,167	44,167	0	50,000	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	-29,500	34,167	-50,000	50,000	0	0	0	0	0	0	0	0	0
share issue	0	-108,500	108,500	-108,500	0	0	0	108,400	0	0	0	100	0
interest	0	-2,886	-1,970	-3,938	-8,292	-10,176	-6,450	-1,699	-964	11	35	31	0
cash flow from financing	-29,500	-140,546	119,857	-157,413	22,235	-62,710	20,856	226,904	-964	11	35	131	0
cash and cash equivalents
cash	0	-6,971	6,971	-14,460	2,295	-13,747	23,710	-11,005	12,342	1,730	-10,962	12,392	0
overdraft	0	0	0	-34,366	-16,801	4,955	5,348	-7,050	31,113	0	0	0	0
change in cash	0	-6,971	6,971	19,906	19,096	-18,702	18,362	-3,955	-18,771	1,730	-10,962	12,392	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for welch & co (south west) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TA2 area or any other competitors across 12 key performance metrics.

WELCH & CO (SOUTH WEST) LIMITED group structure

Welch & Co (South West) Limited has no subsidiary companies.

Ultimate parent company

WELCH & CO (SOUTH WEST) LIMITED

07894680

WELCH & CO (SOUTH WEST) LIMITED Shareholders

mr kenneth reginald george welch	39.29%
kenneth reginald george welch	17.86%
mrs sarah elizabeth addy	17.86%
mrs amber nadine welch	17.86%
sarah elizabeth addy	3.57%
amber nadine welch	3.57%

Welch & Co (South West) Limited currently has 1 director, Mr Kenneth Welch serving since Jan 2012.

officer	country	age	start	end	role
Mr Kenneth Welch	England	72 years	Jan 2012	-	Director

P&L

December 2023

turnover

278.8k

-4%

operating profit

-46k

gross margin

44.4%

-3.3%

turnover

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

Balance Sheet

December 2023

net assets

150k

-0.23%

total assets

287.4k

+0.03%

cash

net assets

Total assets minus all liabilities

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company number

07894680

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

January 2012

ultimate parent company

None

previous names

crotalus dec 2011 limited (April 2012)

address

2 drake house, cook way, taunton, somerset, TA2 6BJ

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 & co (south west) limited.

welch & co (south west) limited Company Information

welch & co (south west) limited Estimated Valuation

welch & co (south west) limited Estimated Valuation

welch & co (south west) limited Estimated Valuation

Welch & Co (south West) Limited Overview

Welch & Co (south West) Limited Health Check

WELCH & CO (SOUTH WEST) LIMITED financials

welch & co (south west) limited Credit Report and Business Information

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welch & co (south west) limited Ownership

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