waterside commercial developments limited
waterside commercial developments limited Company Information
Company Number
09423061
Next Accounts
Jan 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
foinavon credit fund ii
matthew david swan
View AllGroup Structure
View All
Contact
Registered Address
portland house 11-13 station roa, kettering, northants, NN15 7HH
Website
-waterside commercial developments limited Estimated Valuation
Pomanda estimates the enterprise value of WATERSIDE COMMERCIAL DEVELOPMENTS LIMITED at £1.4m based on a Turnover of £419.5k and 3.42x industry multiple (adjusted for size and gross margin).
waterside commercial developments limited Estimated Valuation
Pomanda estimates the enterprise value of WATERSIDE COMMERCIAL DEVELOPMENTS LIMITED at £1.9m based on an EBITDA of £264.2k and a 7.06x industry multiple (adjusted for size and gross margin).
waterside commercial developments limited Estimated Valuation
Pomanda estimates the enterprise value of WATERSIDE COMMERCIAL DEVELOPMENTS LIMITED at £250.8k based on Net Assets of £144.4k and 1.74x industry multiple (adjusted for liquidity).
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Waterside Commercial Developments Limited Overview
Waterside Commercial Developments Limited is a live company located in northants, NN15 7HH with a Companies House number of 09423061. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 2015, it's largest shareholder is foinavon credit fund ii with a 45% stake. Waterside Commercial Developments Limited is a young, micro sized company, Pomanda has estimated its turnover at £419.5k with declining growth in recent years.
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Waterside Commercial Developments Limited Health Check
Pomanda's financial health check has awarded Waterside Commercial Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £419.5k, make it smaller than the average company (£800k)
- Waterside Commercial Developments Limited
£800k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (2.1%)
- Waterside Commercial Developments Limited
2.1% - Industry AVG
Production
with a gross margin of 72.1%, this company has a comparable cost of product (72.1%)
- Waterside Commercial Developments Limited
72.1% - Industry AVG
Profitability
an operating margin of 63% make it more profitable than the average company (28.5%)
- Waterside Commercial Developments Limited
28.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
- Waterside Commercial Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £31k, the company has an equivalent pay structure (£31k)
- Waterside Commercial Developments Limited
£31k - Industry AVG
Efficiency
resulting in sales per employee of £139.8k, this is less efficient (£174k)
- Waterside Commercial Developments Limited
£174k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (33 days)
- Waterside Commercial Developments Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (35 days)
- Waterside Commercial Developments Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Waterside Commercial Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (13 weeks)
26 weeks - Waterside Commercial Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.5%, this is a higher level of debt than the average (68.2%)
97.5% - Waterside Commercial Developments Limited
68.2% - Industry AVG
WATERSIDE COMMERCIAL DEVELOPMENTS LIMITED financials
Waterside Commercial Developments Limited's latest turnover from April 2023 is estimated at £419.5 thousand and the company has net assets of £144.4 thousand. According to their latest financial statements, we estimate that Waterside Commercial Developments Limited has 3 employees and maintains cash reserves of £216.9 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 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,390,000 | 5,390,000 | 5,390,000 | 5,438,785 | 5,438,785 | 5,385,287 | 5,138,315 | 3,428,433 | 818,108 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,390,000 | 5,390,000 | 5,390,000 | 5,438,785 | 5,438,785 | 5,385,287 | 5,138,315 | 3,428,433 | 818,108 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 53,713 | 96,374 | 18,893 | 76,419 | 56,461 | 8,963 | 0 | 0 | 319,487 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,484 | 22,378 | 9,958 | 10,172 | 9,551 | 9,121 | 36,531 | 209,362 | 0 |
| Cash | 216,887 | 215,378 | 107,521 | 94,182 | 53,889 | 59,869 | 85,185 | 80,067 | 7,500 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 290,084 | 334,130 | 136,372 | 180,773 | 119,901 | 77,953 | 121,716 | 289,429 | 326,987 |
| total assets | 5,680,084 | 5,724,130 | 5,526,372 | 5,619,558 | 5,558,686 | 5,463,240 | 5,260,031 | 3,717,862 | 1,145,095 |
| Bank overdraft | 190,000 | 190,000 | 286,652 | 289,434 | 289,434 | 289,434 | 145,984 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,720 | 996 | 6,871 | 10,316 | 361 | 24,718 | 1,032 | 6,504 | 148,495 |
| Group/Directors Accounts | 19,126 | 19,126 | 19,126 | 1,283,202 | 1,168,325 | 676,576 | 2,259,311 | 2,504,847 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80,221 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 214,083 | 228,636 | 101,988 | 101,505 | 155,344 | 312,322 | 160,521 | 32,260 | 0 |
| total current liabilities | 426,929 | 438,758 | 414,637 | 1,684,457 | 1,613,464 | 1,303,050 | 2,566,848 | 2,623,832 | 148,495 |
| loans | 2,359,167 | 2,549,167 | 2,573,346 | 2,648,750 | 2,824,586 | 3,022,136 | 2,556,267 | 1,000,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 2,749,588 | 2,593,590 | 2,437,592 | 1,133,263 | 1,000,000 | 1,000,000 | 0 | 0 | 1,000,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,108,755 | 5,142,757 | 5,010,938 | 3,782,013 | 3,824,586 | 4,022,136 | 2,556,267 | 1,000,000 | 1,000,000 |
| total liabilities | 5,535,684 | 5,581,515 | 5,425,575 | 5,466,470 | 5,438,050 | 5,325,186 | 5,123,115 | 3,623,832 | 1,148,495 |
| net assets | 144,400 | 142,615 | 100,797 | 153,088 | 120,636 | 138,054 | 136,916 | 94,030 | -3,400 |
| total shareholders funds | 144,400 | 142,615 | 100,797 | 153,088 | 120,636 | 138,054 | 136,916 | 94,030 | -3,400 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -45,555 | 89,901 | -57,740 | 20,579 | 47,928 | -18,447 | -172,831 | -110,125 | 319,487 |
| Creditors | 2,724 | -5,875 | -3,445 | 9,955 | -24,357 | 23,686 | -5,472 | -141,991 | 148,495 |
| Accruals and Deferred Income | -14,553 | 126,648 | 483 | -53,839 | -156,978 | 151,801 | 128,261 | 32,260 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | -48,785 | 0 | 53,498 | 246,972 | 1,709,882 | 2,610,325 | 818,108 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -1,264,076 | 114,877 | 491,749 | -1,582,735 | -245,536 | 2,504,847 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -80,221 | 80,221 | 0 |
| Long term loans | -190,000 | -24,179 | -75,404 | -175,836 | -197,550 | 465,869 | 1,556,267 | 1,000,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 155,998 | 155,998 | 1,304,329 | 133,263 | 0 | 1,000,000 | 0 | -1,000,000 | 1,000,000 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 1,509 | 107,857 | 13,339 | 40,293 | -5,980 | -25,316 | 5,118 | 72,567 | 7,500 |
| overdraft | 0 | -96,652 | -2,782 | 0 | 0 | 143,450 | 145,984 | 0 | 0 |
| change in cash | 1,509 | 204,509 | 16,121 | 40,293 | -5,980 | -168,766 | -140,866 | 72,567 | 7,500 |
waterside commercial developments limited Credit Report and Business Information
Waterside Commercial Developments Limited Competitor Analysis
Perform a competitor analysis for waterside commercial developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in NN15 area or any other competitors across 12 key performance metrics.
waterside commercial developments limited Ownership
WATERSIDE COMMERCIAL DEVELOPMENTS LIMITED group structure
Waterside Commercial Developments Limited has no subsidiary companies.
Ultimate parent company
WATERSIDE COMMERCIAL DEVELOPMENTS LIMITED
09423061
waterside commercial developments limited directors
Waterside Commercial Developments Limited currently has 4 directors. The longest serving directors include Mr Howard Mighell (Feb 2015) and Mr John Barrett (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Howard Mighell | England | 61 years | Feb 2015 | - | Director |
| Mr John Barrett | 61 years | Apr 2015 | - | Director | |
| Mr Damon De Laszlo | 82 years | Apr 2015 | - | Director | |
| Mr Matthew Swan | United Kingdom | 61 years | Apr 2015 | - | Director |
P&L
April 2023turnover
419.5k
-41%
operating profit
264.2k
0%
gross margin
72.1%
+0.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
144.4k
+0.01%
total assets
5.7m
-0.01%
cash
216.9k
+0.01%
net assets
Total assets minus all liabilities
waterside commercial developments limited company details
company number
09423061
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
February 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
BEWERS TURNER & CO LLP
auditor
-
address
portland house 11-13 station roa, kettering, northants, NN15 7HH
Bank
-
Legal Advisor
-
waterside commercial 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 found 6 charges/mortgages relating to waterside commercial developments limited. Currently there are 4 open charges and 2 have been satisfied in the past.
waterside commercial developments 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.
Click to start generating capital raising & share issue transactions for WATERSIDE COMMERCIAL DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
waterside commercial developments limited Companies House Filings - See Documents
| date | description | view/download |
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