3 waterhouse square tenant limited
3 waterhouse square tenant limited Company Information
Company Number
09696400
Next Accounts
Sep 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
wework international limited
Group Structure
View All
Contact
Registered Address
10 york road, london, SE1 7ND
Website
https://www.wework.com3 waterhouse square tenant limited Estimated Valuation
Pomanda estimates the enterprise value of 3 WATERHOUSE SQUARE TENANT LIMITED at £48.5m based on a Turnover of £11.2m and 4.34x industry multiple (adjusted for size and gross margin).
3 waterhouse square tenant limited Estimated Valuation
Pomanda estimates the enterprise value of 3 WATERHOUSE SQUARE TENANT LIMITED at £41.4m based on an EBITDA of £4.8m and a 8.58x industry multiple (adjusted for size and gross margin).
3 waterhouse square tenant limited Estimated Valuation
Pomanda estimates the enterprise value of 3 WATERHOUSE SQUARE TENANT LIMITED at £0 based on Net Assets of £-2m and 1.71x industry multiple (adjusted for liquidity).
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3 Waterhouse Square Tenant Limited Overview
3 Waterhouse Square Tenant Limited is a live company located in london, SE1 7ND with a Companies House number of 09696400. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2015, it's largest shareholder is wework international limited with a 100% stake. 3 Waterhouse Square Tenant Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.2m with healthy growth in recent years.
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3 Waterhouse Square Tenant Limited Health Check
Pomanda's financial health check has awarded 3 Waterhouse Square Tenant Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £11.2m, make it larger than the average company (£1.1m)
£11.2m - 3 Waterhouse Square Tenant Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.6%)
6% - 3 Waterhouse Square Tenant Limited
3.6% - Industry AVG
Production
with a gross margin of 70.8%, this company has a comparable cost of product (70.8%)
70.8% - 3 Waterhouse Square Tenant Limited
70.8% - Industry AVG
Profitability
an operating margin of 6.1% make it less profitable than the average company (21.5%)
6.1% - 3 Waterhouse Square Tenant Limited
21.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - 3 Waterhouse Square Tenant Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - 3 Waterhouse Square Tenant Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £5.6m, this is more efficient (£201.3k)
£5.6m - 3 Waterhouse Square Tenant Limited
£201.3k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (33 days)
5 days - 3 Waterhouse Square Tenant Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (35 days)
4 days - 3 Waterhouse Square Tenant Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 3 Waterhouse Square Tenant Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - 3 Waterhouse Square Tenant Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.1%, this is a higher level of debt than the average (71.2%)
108.1% - 3 Waterhouse Square Tenant Limited
71.2% - Industry AVG
3 WATERHOUSE SQUARE TENANT LIMITED financials
3 Waterhouse Square Tenant Limited's latest turnover from December 2023 is £11.2 million and the company has net assets of -£2 million. According to their latest financial statements, 3 Waterhouse Square Tenant Limited has 2 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 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 11,168,881 | 10,834,984 | 9,357,676 | 15,716,076 | 15,974,598 | 12,655,681 | ||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 681,371 | 1,688,876 | 247,932 | 4,089,466 | 3,822,970 | 1,719,941 | ||
| Interest Payable | 1,534,792 | 1,523,786 | 1,793,615 | 1,953,660 | 62,330 | 319,007 | ||
| Interest Receivable | 0 | 0 | 61,754 | 31,170 | 0 | 0 | ||
| Pre-Tax Profit | -853,421 | 165,090 | -1,483,929 | 2,166,976 | 3,760,640 | 1,400,934 | ||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Profit After Tax | -853,421 | 165,090 | -1,483,929 | 2,166,976 | 3,760,640 | 1,400,934 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -853,421 | 165,090 | -1,483,929 | 2,166,976 | 3,760,640 | 1,400,934 | ||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* | 4,830,275 | 5,910,836 | 4,591,419 | 8,312,022 | 6,003,035 | 3,823,017 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,269,210 | 8,278,122 | 22,408,013 | 27,208,019 | 31,123,521 | 18,400,923 | 18,639,600 | 15,739,825 |
| Intangible Assets | 7,868,502 | 10,045,176 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 3,757 | 7,919 | 465,334 | 753,296 | 1,960,353 | 0 | 0 |
| Total Fixed Assets | 14,137,712 | 18,327,055 | 22,408,013 | 27,208,019 | 31,123,521 | 18,400,923 | 18,639,600 | 15,739,825 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 181,510 | 142,370 | 76,216 | 217,941 | 293,207 | 374,619 | 330,558 | 192,936 |
| Group Debtors | 9,167,920 | 7,524,445 | 5,897,889 | 4,756,133 | 5,422,199 | 4,961,797 | 7,648,263 | 1,494,274 |
| Misc Debtors | 1,132,051 | 702,916 | 716,010 | 2,281,678 | 1,706,612 | 2,353,583 | 2,559,434 | 2,498,540 |
| Cash | 0 | 0 | 0 | 0 | 0 | 63,303 | 1,034 | 904,955 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,481,481 | 8,369,731 | 6,690,115 | 7,255,752 | 7,422,018 | 7,753,302 | 10,539,289 | 5,090,705 |
| total assets | 24,619,193 | 26,696,786 | 29,098,128 | 34,463,771 | 38,545,539 | 26,154,225 | 29,178,889 | 20,830,530 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 44,421 | 19,114 | 589,622 | 505,473 | 119,457 | 44,538 | 7,344 | 973,706 |
| Group/Directors Accounts | 192,142 | 357,796 | 0 | 0 | 0 | 0 | 0 | 243,873 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 5,300,895 | 5,349,501 | 3,696,681 | 3,356,823 | 3,096,364 | 0 | 0 | 0 |
| other current liabilities | 2,484,525 | 2,840,747 | 5,240,929 | 4,419,995 | 4,546,512 | 7,824,231 | 5,253,350 | 2,305,627 |
| total current liabilities | 8,021,983 | 8,567,158 | 9,527,232 | 8,282,291 | 7,762,333 | 7,868,769 | 5,260,694 | 3,523,206 |
| loans | 7,107,272 | 3,834,828 | 40,245,506 | 43,823,138 | 50,499,316 | 29,598,102 | 40,870,853 | 11,286,496 |
| hp & lease commitments | 10,617,251 | 14,627,350 | 18,386,222 | 21,911,569 | 25,249,658 | 14,799,051 | 16,646,647 | 7,791,902 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 854,720 | 796,062 | 1,483,690 | 1,383,404 | 942,820 | 1,182,486 | 1,118,934 | 495,338 |
| total long term liabilities | 18,579,243 | 19,258,240 | 20,864,598 | 22,603,271 | 25,721,068 | 15,390,294 | 24,783,673 | 19,573,736 |
| total liabilities | 26,601,226 | 27,825,398 | 30,391,830 | 30,885,562 | 33,483,401 | 23,259,063 | 30,044,367 | 23,096,942 |
| net assets | -1,982,033 | -1,128,612 | -1,293,702 | 3,578,209 | 5,062,138 | 2,895,162 | -865,478 | -2,266,412 |
| total shareholders funds | -1,982,033 | -1,128,612 | -1,293,702 | 3,578,209 | 5,062,138 | 2,895,162 | -865,478 | -2,266,412 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 681,371 | 1,688,876 | 247,932 | 4,089,466 | 3,822,970 | 1,719,941 | ||
| Depreciation | 2,016,064 | 2,089,119 | 2,184,172 | 4,343,487 | 4,222,556 | 2,180,065 | 2,103,076 | 535,400 |
| Amortisation | 2,132,840 | 2,132,841 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,107,993 | 1,675,454 | -1,023,052 | -454,228 | -1,475,038 | -887,903 | 6,352,505 | 4,185,750 |
| Creditors | 25,307 | -570,508 | 84,149 | 386,016 | 74,919 | 37,194 | -966,362 | 973,706 |
| Accruals and Deferred Income | -356,222 | -2,400,182 | 820,934 | -126,517 | -3,277,719 | 2,570,881 | 2,947,723 | 2,305,627 |
| Deferred Taxes & Provisions | 58,658 | -687,628 | 100,286 | 440,584 | -239,666 | 63,552 | 623,596 | 495,338 |
| Cash flow from operations | 2,450,025 | 577,064 | 5,745,730 | 6,344,594 | 9,562,565 | 75,469 | ||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -165,654 | 357,796 | 0 | 0 | 0 | 0 | -243,873 | 243,873 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 3,272,444 | -36,410,678 | -3,577,632 | -6,676,178 | 20,901,214 | -11,272,751 | 29,584,357 | 11,286,496 |
| Hire Purchase and Lease Commitments | -4,058,705 | -2,106,052 | -3,185,489 | -3,077,630 | 13,546,971 | -1,847,596 | 8,854,745 | 7,791,902 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -1,534,792 | -1,523,786 | -1,731,861 | -1,922,490 | -62,330 | -319,007 | ||
| cash flow from financing | -2,486,707 | -39,682,720 | -11,485,669 | 32,525,695 | -13,182,677 | 37,876,222 | ||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | -63,303 | 62,269 | -903,921 | 904,955 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -63,303 | 62,269 | -903,921 | 904,955 |
3 waterhouse square tenant limited Credit Report and Business Information
3 Waterhouse Square Tenant Limited Competitor Analysis
Perform a competitor analysis for 3 waterhouse square tenant limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
3 waterhouse square tenant limited Ownership
3 WATERHOUSE SQUARE TENANT LIMITED group structure
3 Waterhouse Square Tenant Limited has no subsidiary companies.
Ultimate parent company
WEWORK INC
#0100622
2 parents
3 WATERHOUSE SQUARE TENANT LIMITED
09696400
3 waterhouse square tenant limited directors
3 Waterhouse Square Tenant Limited currently has 2 directors. The longest serving directors include Miss Robyn Bremner (Jan 2024) and Mr Claudio Saez (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Robyn Bremner | United Kingdom | 42 years | Jan 2024 | - | Director |
| Mr Claudio Saez | 54 years | Jan 2024 | - | Director |
P&L
December 2023turnover
11.2m
+3%
operating profit
681.4k
-60%
gross margin
70.8%
+0.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2m
+0.76%
total assets
24.6m
-0.08%
cash
0
0%
net assets
Total assets minus all liabilities
3 waterhouse square tenant limited company details
company number
09696400
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
July 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ww beech limited (August 2015)
accountant
-
auditor
RSM UK AUDIT LLP
address
10 york road, london, SE1 7ND
Bank
-
Legal Advisor
-
3 waterhouse square tenant 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 3 waterhouse square tenant limited.
3 waterhouse square tenant 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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3 waterhouse square tenant limited Companies House Filings - See Documents
| date | description | view/download |
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