miller wates (southwater) limited
miller wates (southwater) limited Company Information
Company Number
09867524
Website
-Registered Address
2 centro place, pride park, derby, derbyshire, DE24 8RF
Industry
Construction of domestic buildings
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
wates group limited 50%
miller homes holdings limited 50%
miller wates (southwater) limited Estimated Valuation
Pomanda estimates the enterprise value of MILLER WATES (SOUTHWATER) LIMITED at £0 based on a Turnover of £1.1m and -0.26x industry multiple (adjusted for size and gross margin).
miller wates (southwater) limited Estimated Valuation
Pomanda estimates the enterprise value of MILLER WATES (SOUTHWATER) LIMITED at £1.1m based on an EBITDA of £-518k and a -2.11x industry multiple (adjusted for size and gross margin).
miller wates (southwater) limited Estimated Valuation
Pomanda estimates the enterprise value of MILLER WATES (SOUTHWATER) LIMITED at £379.7k based on Net Assets of £295k and 1.29x industry multiple (adjusted for liquidity).
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Miller Wates (southwater) Limited Overview
Miller Wates (southwater) Limited is a live company located in derby, DE24 8RF with a Companies House number of 09867524. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in November 2015, it's largest shareholder is wates group limited with a 50% stake. Miller Wates (southwater) Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.
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Miller Wates (southwater) Limited Health Check
Pomanda's financial health check has awarded Miller Wates (Southwater) Limited a 2.5 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 £1.1m, make it larger than the average company (£586.8k)
£1.1m - Miller Wates (southwater) Limited
£586.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -61%, show it is growing at a slower rate (7.5%)
-61% - Miller Wates (southwater) Limited
7.5% - Industry AVG
Production
with a gross margin of -46.7%, this company has a higher cost of product (20.1%)
-46.7% - Miller Wates (southwater) Limited
20.1% - Industry AVG
Profitability
an operating margin of -47.7% make it less profitable than the average company (7.3%)
-47.7% - Miller Wates (southwater) Limited
7.3% - Industry AVG
Employees
with 5 employees, this is above the industry average (4)
- Miller Wates (southwater) Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Miller Wates (southwater) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £217.4k, this is equally as efficient (£225.7k)
- Miller Wates (southwater) Limited
£225.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Miller Wates (southwater) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 143 days, this is slower than average (29 days)
143 days - Miller Wates (southwater) Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 118 days, this is less than average (231 days)
118 days - Miller Wates (southwater) Limited
231 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Miller Wates (southwater) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.5%, this is a higher level of debt than the average (71.4%)
85.5% - Miller Wates (southwater) Limited
71.4% - Industry AVG
miller wates (southwater) limited Credit Report and Business Information
Miller Wates (southwater) Limited Competitor Analysis
Perform a competitor analysis for miller wates (southwater) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
miller wates (southwater) limited Ownership
MILLER WATES (SOUTHWATER) LIMITED group structure
Miller Wates (Southwater) Limited has no subsidiary companies.
Ultimate parent company
MILLER WATES (SOUTHWATER) LIMITED
09867524
miller wates (southwater) limited directors
Miller Wates (Southwater) Limited currently has 8 directors. The longest serving directors include Mr David Brocklebank (Nov 2015) and Mrs Julie Jackson (Dec 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Brocklebank | England | 54 years | Nov 2015 | - | Director |
| Mrs Julie Jackson | United Kingdom | 58 years | Dec 2015 | - | Director |
| Mr Ian Murdoch | Scotland | 54 years | Dec 2015 | - | Director |
| Mr David Bowen | England | 56 years | Mar 2017 | - | Director |
| Mr Michael Brayshaw | 56 years | Mar 2017 | - | Director | |
| Mrs Tracey Forbes-Taylor | 53 years | Mar 2017 | - | Director | |
| Ms Natalie Flint | England | 55 years | Mar 2017 | - | Director |
| Mr Philip Wainwright | 59 years | Sep 2020 | - | Director |
MILLER WATES (SOUTHWATER) LIMITED financials
Miller Wates (Southwater) Limited's latest turnover from December 2022 is £1.1 million and the company has net assets of £295 thousand. According to their latest financial statements, we estimate that Miller Wates (Southwater) Limited has 5 employees and maintains cash reserves of £1.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,086,870 | 9,667,435 | 11,673,355 | 18,551,423 | 24,859,209 | 1,561,767 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,594,886 | 7,140,034 | 8,943,017 | 13,833,362 | 18,621,661 | 1,181,280 | 0 |
| Gross Profit | -508,016 | 2,527,401 | 2,730,338 | 4,718,061 | 6,237,548 | 380,487 | 0 |
| Admin Expenses | 10,000 | 119,901 | 224,401 | 449,876 | 449,451 | 448,376 | 77,056 |
| Operating Profit | -518,016 | 2,407,500 | 2,505,937 | 4,268,185 | 5,788,097 | -67,889 | -77,056 |
| Interest Payable | 182 | 101 | 41,052 | 347,949 | 941,453 | 967,240 | 559,212 |
| Interest Receivable | 1,000 | 27 | 2,664 | 10,237 | 0 | 0 | 0 |
| Pre-Tax Profit | -517,198 | 2,407,426 | 2,467,549 | 3,930,473 | 4,846,644 | -1,035,129 | -636,268 |
| Tax | 98,268 | -457,411 | -468,834 | -746,876 | -594,606 | 0 | 0 |
| Profit After Tax | -418,930 | 1,950,015 | 1,998,715 | 3,183,597 | 4,252,038 | -1,035,129 | -636,268 |
| Dividends Paid | 0 | 9,000,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -418,930 | -7,049,985 | 1,998,715 | 3,183,597 | 4,252,038 | -1,035,129 | -636,268 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | |||||||
| EBITDA* | -518,016 | 2,407,500 | 2,505,937 | 4,268,185 | 5,788,097 | -67,889 | -77,056 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 519,847 | 1,162,564 | 5,102,235 | 9,933,741 | 15,203,079 | 23,947,598 | 20,283,382 |
| Trade Debtors | 0 | 0 | 0 | 309,010 | 1,365,275 | 523,761 | 0 |
| Group Debtors | 1,430,000 | 1,600,000 | 4,290,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 78,158 | 78,275 | 742,815 | 663,686 | 70,364 | 29,765 | 7,524 |
| Cash | 1,357 | 33,916 | 157,507 | 2,637,417 | 1,083,245 | 1,057,152 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,029,362 | 2,874,755 | 10,292,557 | 13,543,854 | 17,721,963 | 25,558,276 | 20,290,906 |
| total assets | 2,029,362 | 2,874,755 | 10,292,557 | 13,543,854 | 17,721,963 | 25,558,276 | 20,290,906 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 1,900,000 | 0 | 0 |
| Trade Creditors | 625,092 | 886,099 | 419,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 423,259 | 1,137,076 | 1,555,253 | 1,516,345 | 1,557,591 | 260,941 | 297,133 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 685,973 | 137,612 | 554,351 | 3,025,793 | 1,196,805 | 1,084,632 | 4,627,910 |
| total current liabilities | 1,734,324 | 2,160,787 | 2,528,604 | 4,542,138 | 4,654,396 | 1,345,573 | 4,925,043 |
| loans | 0 | 0 | 0 | 3,236,478 | 10,485,926 | 25,883,100 | 16,001,131 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 3,236,478 | 10,485,926 | 25,883,100 | 16,001,131 |
| total liabilities | 1,734,324 | 2,160,787 | 2,528,604 | 7,778,616 | 15,140,322 | 27,228,673 | 20,926,174 |
| net assets | 295,038 | 713,968 | 7,763,953 | 5,765,238 | 2,581,641 | -1,670,397 | -635,268 |
| total shareholders funds | 295,038 | 713,968 | 7,763,953 | 5,765,238 | 2,581,641 | -1,670,397 | -635,268 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -518,016 | 2,407,500 | 2,505,937 | 4,268,185 | 5,788,097 | -67,889 | -77,056 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 98,268 | -457,411 | -468,834 | -746,876 | -594,606 | 0 | 0 |
| Stock | -642,717 | -3,939,671 | -4,831,506 | -5,269,338 | -8,744,519 | 3,664,216 | 20,283,382 |
| Debtors | -170,117 | -3,354,540 | 4,060,119 | -462,943 | 882,113 | 546,002 | 7,524 |
| Creditors | -261,007 | 467,099 | 419,000 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 548,361 | -416,739 | -2,471,442 | 1,828,988 | 112,173 | -3,543,278 | 4,627,910 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 680,440 | 9,294,660 | 756,048 | 11,082,578 | 13,168,070 | -7,821,385 | -15,740,052 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | ||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | -1,900,000 | 1,900,000 | 0 | 0 |
| Group/Directors Accounts | -713,817 | -418,177 | 38,908 | -41,246 | 1,296,650 | -36,192 | 297,133 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -3,236,478 | -7,249,448 | -15,397,174 | 9,881,969 | 16,001,131 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 818 | -74 | -38,388 | -337,712 | -941,453 | -967,240 | -559,212 |
| cash flow from financing | -712,999 | -418,251 | -3,235,958 | -9,528,406 | -13,141,977 | 8,878,537 | 15,740,052 |
| cash and cash equivalents | |||||||
| cash | -32,559 | -123,591 | -2,479,910 | 1,554,172 | 26,093 | 1,057,152 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -32,559 | -123,591 | -2,479,910 | 1,554,172 | 26,093 | 1,057,152 | 0 |
P&L
December 2022turnover
1.1m
-89%
operating profit
-518k
-122%
gross margin
-46.7%
-278.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
295k
-0.59%
total assets
2m
-0.29%
cash
1.4k
-0.96%
net assets
Total assets minus all liabilities
miller wates (southwater) limited company details
company number
09867524
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
November 2015
age
9
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
2 centro place, pride park, derby, derbyshire, DE24 8RF
last accounts submitted
December 2022
miller wates (southwater) 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 4 charges/mortgages relating to miller wates (southwater) limited. Currently there are 0 open charges and 4 have been satisfied in the past.
miller wates (southwater) limited Companies House Filings - See Documents
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