welch & co (south west) limited Company Information
Company Number
07894680
Website
www.welchaccountants.comRegistered Address
2 drake house, cook way, taunton, somerset, TA2 6BJ
Industry
Accounting, and auditing activities
Telephone
01823321954
Next Accounts Due
September 2025
Group Structure
View All
Directors
Kenneth Welch12 Years
Shareholders
mr kenneth reginald george welch 39.3%
kenneth reginald george welch 17.9%
View Allwelch & co (south west) limited Estimated Valuation
Pomanda estimates the enterprise value of WELCH & CO (SOUTH WEST) LIMITED at £184.9k based on a Turnover of £278.8k and 0.66x industry multiple (adjusted for size and gross margin).
welch & co (south west) limited Estimated Valuation
Pomanda estimates the enterprise value of WELCH & CO (SOUTH WEST) LIMITED at £0 based on an EBITDA of £-46k and a 3.76x industry multiple (adjusted for size and gross margin).
welch & co (south west) limited Estimated Valuation
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).
Edit your figures and get a professional valuation report.
Welch & Co (south West) Limited Overview
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.
Upgrade for unlimited company reports & a free credit check
Welch & Co (south West) Limited Health Check
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
4 Strong
1 Regular
5 Weak
Size
annual sales of £278.8k, make it larger than the average company (£136k)
- Welch & Co (south West) Limited
£136k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.7%)
- Welch & Co (south West) Limited
7.7% - Industry AVG
Production
with a gross margin of 44.4%, this company has a higher cost of product (73.6%)
- Welch & Co (south West) Limited
73.6% - Industry AVG
Profitability
an operating margin of -16.5% make it less profitable than the average company (14.2%)
- Welch & Co (south West) Limited
14.2% - Industry AVG
Employees
with 10 employees, this is above the industry average (3)
10 - Welch & Co (south West) Limited
3 - Industry AVG
Pay Structure
on an average salary of £23.2k, the company has an equivalent pay structure (£23.2k)
- Welch & Co (south West) Limited
£23.2k - Industry AVG
Efficiency
resulting in sales per employee of £27.9k, this is less efficient (£76.1k)
- Welch & Co (south West) Limited
£76.1k - Industry AVG
Debtor Days
it gets paid by customers after 147 days, this is later than average (92 days)
- Welch & Co (south West) Limited
92 days - Industry AVG
Creditor Days
its suppliers are paid after 309 days, this is slower than average (27 days)
- Welch & Co (south West) Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Welch & Co (south West) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Welch & Co (south West) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.8%, this is a lower level of debt than the average (58.3%)
47.8% - Welch & Co (south West) Limited
58.3% - Industry AVG
WELCH & CO (SOUTH WEST) LIMITED financials
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 | May 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 10 | 9 | 8 | 8 | 8 | 9 | 8 | ||||||
EBITDA* |
* 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 | May 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0 |
Intangible Assets | 0 | 0 | 20,000 | 0 | 20,000 | 20,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 10,094 | 0 | 10,094 | 0 | 10,094 | 10,094 | 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 | 35,506 | 37,310 | 36,418 | 38,427 | 38,969 | 31,167 | 39,121 | 20,465 | 11,592 | 14,912 | 19,550 | 18,742 | 0 |
Stock & work in progress | 0 | 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 | 0 |
Group Debtors | 0 | 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 | 0 |
Cash | 0 | 0 | 6,971 | 0 | 16,755 | 14,460 | 28,207 | 4,497 | 15,502 | 3,160 | 1,430 | 12,392 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 663 | 0 | 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 | 0 |
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 | 0 |
Bank overdraft | 0 | 0 | 0 | 0 | 17,565 | 34,366 | 29,411 | 24,063 | 31,113 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 13,651 | 0 | 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 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120,203 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 5,509 | 0 | 75,502 | 94,975 | 147,509 | 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 | 0 | 0 | 19,412 | 0 | 32,272 | 20,504 | 28,426 | 20,843 | 256,628 | 0 | 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 | 0 |
loans | 0 | 0 | 44,167 | 0 | 50,000 | 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 | 1,176 | 923 | 0 | 715 | 0 | 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 | 0 |
provisions | 0 | 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 | 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 | 0 |
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 | 0 |
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 | 0 |
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 | |||||||||||||
Depreciation | 0 | 1,423 | 2,958 | 3,009 | 3,457 | 3,864 | 4,971 | 6,516 | 3,308 | ||||
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Tax | |||||||||||||
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 | |||||||||||||
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
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 | |||||||||||||
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 | |||||||||||||
interest | |||||||||||||
cash flow from financing | |||||||||||||
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 |
welch & co (south west) limited Credit Report and Business Information
Welch & Co (south West) Limited Competitor Analysis
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 Ownership
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 directors
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 2023turnover
278.8k
-4%
operating profit
-46k
0%
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 2023net assets
150k
-0.23%
total assets
287.4k
+0.03%
cash
0
0%
net assets
Total assets minus all liabilities
welch & co (south west) limited company details
company number
07894680
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
January 2012
age
12
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
crotalus dec 2011 limited (April 2012)
accountant
WELCH & CO (SOUTH WEST) LIMITED
auditor
-
address
2 drake house, cook way, taunton, somerset, TA2 6BJ
Bank
-
Legal Advisor
-
welch & co (south west) 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 welch & co (south west) limited.
welch & co (south west) limited Companies House Filings - See Documents
date | description | view/download |
---|