North East Water Softeners Limited

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north east water softeners limited Company Information

Live

YoungSmallHigh

Company Number

09861737

Next Accounts

Dec 2024

Industry

Water collection, treatment and supply

Directors

Simon Boyd

Jamie Kent

View All

Shareholders

harvey water softeners limited

Group Structure

View All

Contact

Registered Address

fourth floor abbots house, abbey street, reading, berkshire, RG1 3BD

Website

http://newatersofterners.co.uk

north east water softeners limited Estimated Valuation

£570.1k

Pomanda estimates the enterprise value of NORTH EAST WATER SOFTENERS LIMITED at £570.1k based on a Turnover of £657.3k and 0.87x industry multiple (adjusted for size and gross margin).

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North East Water Softeners Limited is a live company located in reading, RG1 3BD with a Companies House number of 09861737. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in November 2015, it's largest shareholder is harvey water softeners limited with a 100% stake. North East Water Softeners Limited is a young, small sized company, Pomanda has estimated its turnover at £657.3k with high growth in recent years.

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Pomanda's financial health check has awarded North East Water Softeners Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £657.3k, make it smaller than the average company (£19.3m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (2%)

EXPORT

North East Water Softeners Limited's latest turnover from March 2023 is estimated at £657.3 thousand and the company has net assets of £134.7 thousand. According to their latest financial statements, North East Water Softeners Limited has 6 employees and maintains cash reserves of £234.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Turnover	657,300	832,435	591,277	318,939	250,860	237,401	62,979
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	590,526	736,953	524,533	292,004	216,963	209,050	50,547
Gross Profit	66,774	95,482	66,744	26,935	33,898	28,350	12,433
Admin Expenses	-28,171	73,813	27,922	25,807	42,649	30,172	-943
Operating Profit	94,945	21,669	38,822	1,128	-8,751	-1,822	13,376
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	8,730	663	0	0	0	35	17
Pre-Tax Profit	103,675	22,332	38,822	1,128	-8,751	-1,787	13,394
Tax	-19,698	-4,243	-7,376	-214	0	0	-2,679
Profit After Tax	83,977	18,089	31,446	914	-8,751	-1,787	10,715
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	83,977	18,089	31,446	914	-8,751	-1,787	10,715
Employee Costs	279,109	370,804	90,496	92,602	92,278	44,051	42,686
Number Of Employees	6	8	2	2	2	1	1
EBITDA*	107,411	21,669	38,822	1,128	-8,751	-1,822	19,547

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Tangible Assets	17,382	35,321	25,999	14,922	12,636	7,841	13,404
Intangible Assets	15,757	6,375	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	33,139	41,696	25,999	14,922	12,636	7,841	13,404
Stock & work in progress	119,171	196,816	0	0	0	0	13,423
Trade Debtors	48,760	55,543	225,946	81,893	72,207	81,215	8,408
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	234,074	176,750	0	0	0	0	13,811
misc current assets	0	0	0	0	0	0	0
total current assets	402,005	429,109	225,946	81,893	72,207	81,215	35,642
total assets	435,144	470,805	251,945	96,815	84,843	89,056	49,046
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	190,301	267,866	140,268	75,206	54,398	42,096	38,231
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	190,301	267,866	140,268	75,206	54,398	42,096	38,231
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	1,950	0
other liabilities	110,140	152,213	79,140	20,518	30,268	36,082	0
provisions	0	0	0	0	0	0	0
total long term liabilities	110,140	152,213	79,140	20,518	30,268	38,032	0
total liabilities	300,441	420,079	219,408	95,724	84,666	80,128	38,231
net assets	134,703	50,726	32,537	1,091	177	8,928	10,815
total shareholders funds	134,703	50,726	32,537	1,091	177	8,928	10,815

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Operating Profit	94,945	21,669	38,822	1,128	-8,751	-1,822	13,376
Depreciation	8,845	0	0	0	0	0	6,171
Amortisation	3,621	0	0	0	0	0	0
Tax	-19,698	-4,243	-7,376	-214	0	0	-2,679
Stock	-77,645	196,816	0	0	0	-13,423	13,423
Debtors	-6,783	-170,403	144,053	9,686	-9,008	72,807	8,408
Creditors	-77,565	127,598	65,062	20,808	12,302	3,865	38,231
Accruals and Deferred Income	0	0	0	0	-1,950	1,950	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	94,576	118,611	-47,545	12,036	10,609	-55,391	33,268
Investing Activities
capital expenditure	-3,909	-15,697	-11,077	-2,286	-4,795	5,563	-19,575
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-3,909	-15,697	-11,077	-2,286	-4,795	5,563	-19,575
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-42,073	73,073	58,622	-9,750	-5,814	36,082	0
share issue	0	100	0	0	0	-100	100
interest	8,730	663	0	0	0	35	17
cash flow from financing	-33,343	73,836	58,622	-9,750	-5,814	36,017	117
cash and cash equivalents
cash	57,324	176,750	0	0	0	-13,811	13,811
overdraft	0	0	0	0	0	0	0
change in cash	57,324	176,750	0	0	0	-13,811	13,811

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 north east water softeners limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.

NORTH EAST WATER SOFTENERS LIMITED group structure

North East Water Softeners Limited has no subsidiary companies.

Ultimate parent company

TIDE UK HOLDINGS LLC

#0133802

HARVEY WATER SOFTENERS LIMITED

01362650

2 parents

NORTH EAST WATER SOFTENERS LIMITED

09861737

NORTH EAST WATER SOFTENERS LIMITED Shareholders

harvey water softeners limited

100%

North East Water Softeners Limited currently has 3 directors. The longest serving directors include Mr Simon Boyd (Jul 2023) and Mr Jamie Kent (Jul 2023).

officer	country	age	start	end	role
Mr Simon Boyd	United Kingdom	65 years	Jul 2023	-	Director
Mr Jamie Kent	United Kingdom	40 years	Jul 2023	-	Director
Mr Anthony Jones	England	48 years	Jul 2023	-	Director

P&L

March 2023

turnover

657.3k

-21%

operating profit

94.9k

gross margin

10.2%

-11.43%

turnover

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

Balance Sheet

March 2023

net assets

134.7k

+1.66%

total assets

435.1k

-0.08%

cash

234.1k

+0.32%

net assets

Total assets minus all liabilities

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company number

09861737

Type

Private limited with Share Capital

industry

36000 - Water collection, treatment and supply

incorporation date

November 2015

ultimate parent company

TIDE UK HOLDINGS LLC

previous names

N/A

address

fourth floor abbots house, abbey street, reading, berkshire, RG1 3BD

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 1 charges/mortgages relating to north east water softeners limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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north east water softeners limited Company Information

north east water softeners limited Estimated Valuation

north east water softeners limited Estimated Valuation

north east water softeners limited Estimated Valuation

North East Water Softeners Limited Overview

North East Water Softeners Limited Health Check

NORTH EAST WATER SOFTENERS LIMITED financials

north east water softeners limited Credit Report and Business Information

North East Water Softeners Limited Competitor Analysis

north east water softeners limited Ownership

north east water softeners limited directors

north east water softeners limited company details

north east water softeners limited Charges & Mortgages

north east water softeners limited Capital Raised & Share Issues BETA

north east water softeners limited Companies House Filings - See Documents