walstead group limited
walstead group limited Company Information
Company Number
09927306
Next Accounts
Sep 2025
Shareholders
walstead finance limited
Group Structure
View All
Industry
Activities of head offices
Registered Address
18 westside centre, london road - stanway, colchester, essex, CO3 8PH
Website
www.walstead-group.comwalstead group limited Estimated Valuation
Pomanda estimates the enterprise value of WALSTEAD GROUP LIMITED at £387.1m based on a Turnover of £483.7m and 0.8x industry multiple (adjusted for size and gross margin).
walstead group limited Estimated Valuation
Pomanda estimates the enterprise value of WALSTEAD GROUP LIMITED at £155.1m based on an EBITDA of £24.5m and a 6.33x industry multiple (adjusted for size and gross margin).
walstead group limited Estimated Valuation
Pomanda estimates the enterprise value of WALSTEAD GROUP LIMITED at £144.9m based on Net Assets of £68.8m and 2.11x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Walstead Group Limited Overview
Walstead Group Limited is a live company located in colchester, CO3 8PH with a Companies House number of 09927306. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2015, it's largest shareholder is walstead finance limited with a 100% stake. Walstead Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £483.7m with low growth in recent years.
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Walstead Group Limited Health Check
Pomanda's financial health check has awarded Walstead Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £483.7m, make it larger than the average company (£20.2m)
£483.7m - Walstead Group Limited
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.4%)
1% - Walstead Group Limited
7.4% - Industry AVG
Production
with a gross margin of 14.6%, this company has a higher cost of product (33.7%)
14.6% - Walstead Group Limited
33.7% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (5.9%)
-0.1% - Walstead Group Limited
5.9% - Industry AVG
Employees
with 3212 employees, this is above the industry average (110)
3212 - Walstead Group Limited
110 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has a lower pay structure (£49.9k)
£32.8k - Walstead Group Limited
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £150.6k, this is less efficient (£204.7k)
£150.6k - Walstead Group Limited
£204.7k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (45 days)
13 days - Walstead Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (42 days)
50 days - Walstead Group Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (48 days)
17 days - Walstead Group Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (15 weeks)
11 weeks - Walstead Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.2%, this is a higher level of debt than the average (55.6%)
75.2% - Walstead Group Limited
55.6% - Industry AVG
WALSTEAD GROUP LIMITED financials
Walstead Group Limited's latest turnover from December 2023 is £483.7 million and the company has net assets of £68.8 million. According to their latest financial statements, Walstead Group Limited has 3,212 employees and maintains cash reserves of £27.8 million 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 | 483,747,818 | 539,336,713 | 472,891,389 | 473,403,065 | 575,764,402 | 468,650,429 | 4,998,000 | 3,024,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 413,185,936 | 455,721,885 | 387,806,145 | 386,760,503 | 490,277,730 | 396,964,366 | ||
| Gross Profit | 70,561,882 | 83,614,828 | 85,085,244 | 86,642,562 | 85,486,672 | 71,686,062 | 4,998,000 | 3,024,000 |
| Admin Expenses | 71,190,259 | 72,085,446 | 71,524,881 | 79,876,894 | 82,196,904 | 39,928,732 | -1,085,000 | 7,945,000 |
| Operating Profit | -628,377 | 11,529,382 | 13,560,363 | 6,765,668 | 3,289,768 | 31,757,330 | 6,083,000 | -4,921,000 |
| Interest Payable | 7,659,380 | 6,065,165 | 4,766,768 | 6,113,120 | 4,470,335 | 2,931,890 | 348,000 | 562,000 |
| Interest Receivable | 2,161,834 | 398,968 | 2,706 | 278,000 | ||||
| Pre-Tax Profit | -8,287,757 | 5,464,217 | 10,955,431 | 652,548 | -781,599 | 28,395,129 | 5,943,000 | -6,322,000 |
| Tax | -1,793,700 | 234,394 | 2,151,450 | 1,841,426 | 1,783,319 | -332,882 | ||
| Profit After Tax | -10,081,456 | 5,698,612 | 13,106,880 | 2,493,974 | 1,001,720 | 28,062,246 | 5,943,000 | -6,322,000 |
| Dividends Paid | ||||||||
| Retained Profit | -10,081,456 | 5,698,612 | 13,106,880 | 2,493,974 | 1,001,720 | 28,062,246 | 5,943,000 | -6,322,000 |
| Employee Costs | 105,306,292 | 102,836,007 | 104,828,213 | 97,470,730 | 119,378,332 | 101,445,196 | 4,761,000 | 2,051,000 |
| Number Of Employees | 3,212 | 3,232 | 3,276 | 3,180 | 3,602 | 2,934 | 19 | 11 |
| EBITDA* | 24,501,704 | 32,303,217 | 35,168,325 | 29,466,253 | 32,391,229 | 57,879,115 | 6,133,000 | -4,921,000 |
* 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 | 172,551,741 | 158,285,263 | 184,844,656 | 179,240,702 | 185,193,465 | 160,540,370 | 7,000 | 7,000 |
| Intangible Assets | 26,457,485 | 26,775,829 | 29,382,951 | 28,483,988 | 29,479,794 | 32,829,048 | ||
| Investments & Other | 50,500,000 | 50,500,000 | ||||||
| Debtors (Due After 1 year) | 16,469,121 | 19,884,465 | 21,259,195 | 18,728,477 | 16,057,609 | |||
| Total Fixed Assets | 199,009,226 | 185,061,092 | 192,968,411 | 188,996,212 | 198,615,649 | 193,369,418 | 50,507,000 | 50,507,000 |
| Stock & work in progress | 20,236,056 | 29,062,422 | 27,603,634 | 16,306,818 | 27,016,337 | 35,194,406 | ||
| Trade Debtors | 17,325,243 | 19,523,730 | 25,829,511 | 26,122,590 | 33,165,950 | 81,583,221 | 104,000 | |
| Group Debtors | 2,568,000 | 18,020,000 | ||||||
| Misc Debtors | 12,821,045 | 14,316,349 | 13,748,160 | 17,235,709 | 27,966,466 | 17,548,037 | 494,000 | 132,000 |
| Cash | 27,763,278 | 40,069,819 | 59,246,213 | 40,830,750 | 15,633,705 | 18,721,695 | 1,013,000 | 3,714,000 |
| misc current assets | ||||||||
| total current assets | 78,145,624 | 102,972,322 | 126,427,521 | 100,495,868 | 103,782,459 | 153,047,361 | 4,179,000 | 21,866,000 |
| total assets | 277,154,850 | 288,033,414 | 319,395,932 | 289,492,080 | 302,398,108 | 346,416,779 | 54,686,000 | 72,373,000 |
| Bank overdraft | ||||||||
| Bank loan | 15,700,000 | |||||||
| Trade Creditors | 57,471,532 | 61,003,242 | 57,576,807 | 44,331,956 | 57,233,018 | 70,072,170 | 66,000 | 595,000 |
| Group/Directors Accounts | 49,885,000 | 61,642,000 | ||||||
| other short term finances | 16,438,367 | 9,731,526 | 27,763,738 | 44,703,856 | 81,706,792 | 128,912,043 | ||
| hp & lease commitments | 10,176,211 | 8,852,131 | ||||||
| other current liabilities | 42,187,680 | 48,489,733 | 51,468,625 | 43,005,335 | 45,942,388 | 46,512,403 | 2,715,000 | 708,000 |
| total current liabilities | 126,273,793 | 128,076,635 | 136,809,174 | 132,041,150 | 184,882,201 | 245,496,617 | 52,666,000 | 78,645,000 |
| loans | 136,176,542 | 135,706,092 | 182,890,522 | 153,772,382 | 79,587,274 | 35,032,926 | ||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 1,131,244 | 975,812 | 1,057,550 | 1,344,696 | 1,620,808 | 2,002,706 | ||
| other liabilities | ||||||||
| provisions | 25,755,131 | 27,204,720 | 36,316,744 | 37,601,583 | 37,078,244 | 38,484,437 | ||
| total long term liabilities | 82,097,082 | 82,431,219 | 110,661,185 | 97,031,680 | 59,953,568 | 38,761,389 | ||
| total liabilities | 208,370,875 | 210,507,854 | 247,470,359 | 229,072,830 | 244,835,769 | 284,258,006 | 52,666,000 | 78,645,000 |
| net assets | 68,783,975 | 77,525,559 | 71,925,573 | 60,419,250 | 57,562,339 | 62,158,773 | 2,020,000 | -6,272,000 |
| total shareholders funds | 68,783,975 | 77,525,559 | 71,925,573 | 60,419,249 | 57,562,339 | 62,158,773 | 2,020,000 | -6,272,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -628,377 | 11,529,382 | 13,560,363 | 6,765,668 | 3,289,768 | 31,757,330 | 6,083,000 | -4,921,000 |
| Depreciation | 23,355,498 | 20,108,054 | 19,908,265 | 20,188,533 | 25,729,149 | 21,475,868 | 50,000 | |
| Amortisation | 1,774,582 | 665,780 | 1,699,697 | 2,512,052 | 3,372,312 | 4,645,917 | ||
| Tax | -1,793,700 | 234,394 | 2,151,450 | 1,841,426 | 1,783,319 | -332,882 | ||
| Stock | -8,826,366 | 1,458,788 | 11,296,816 | -10,709,519 | -8,178,069 | 35,194,406 | ||
| Debtors | -7,109,135 | -7,112,323 | -1,249,908 | -15,103,250 | -21,941,233 | 95,965,258 | -14,986,000 | 18,152,000 |
| Creditors | -3,531,710 | 3,426,435 | 13,244,851 | -12,901,062 | -12,839,152 | 70,006,170 | -529,000 | 595,000 |
| Accruals and Deferred Income | -6,146,621 | -3,060,630 | 8,176,144 | -3,213,165 | -951,913 | 45,800,109 | 2,007,000 | 708,000 |
| Deferred Taxes & Provisions | -1,449,589 | -9,112,024 | -1,284,839 | 523,339 | -1,406,193 | 38,484,437 | ||
| Cash flow from operations | 27,515,584 | 29,444,926 | 47,409,023 | 41,529,560 | 49,096,592 | 80,677,285 | 22,597,000 | -21,770,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -50,500,000 | 50,500,000 | ||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -15,700,000 | 15,700,000 | ||||||
| Group/Directors Accounts | -49,885,000 | -11,757,000 | 61,642,000 | |||||
| Other Short Term Loans | 6,706,841 | -18,032,212 | -16,940,118 | -37,002,936 | -47,205,251 | 128,912,043 | ||
| Long term loans | 470,450 | -47,184,430 | 29,118,140 | 74,185,108 | 44,554,348 | 35,032,926 | ||
| Hire Purchase and Lease Commitments | 1,324,080 | 8,852,131 | ||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -7,659,380 | -6,065,165 | -2,604,934 | -6,113,120 | -4,071,367 | -2,929,184 | -70,000 | -562,000 |
| cash flow from financing | 2,181,863 | -62,528,302 | 7,972,532 | 31,431,989 | -12,320,424 | 143,207,312 | -25,178,000 | 76,830,000 |
| cash and cash equivalents | ||||||||
| cash | -12,306,541 | -19,176,394 | 18,415,463 | 25,197,045 | -3,087,990 | 17,708,695 | -2,701,000 | 3,714,000 |
| overdraft | ||||||||
| change in cash | -12,306,541 | -19,176,394 | 18,415,463 | 25,197,045 | -3,087,990 | 17,708,695 | -2,701,000 | 3,714,000 |
walstead group limited Credit Report and Business Information
Walstead Group Limited Competitor Analysis
Perform a competitor analysis for walstead group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in CO3 area or any other competitors across 12 key performance metrics.
walstead group limited Ownership
WALSTEAD GROUP LIMITED group structure
Walstead Group Limited has 6 subsidiary companies.
Ultimate parent company
2 parents
WALSTEAD GROUP LIMITED
09927306
6 subsidiaries
walstead group limited directors
Walstead Group Limited currently has 9 directors. The longest serving directors include Mr Oliver JOnes (Mar 2016) and Mr Paul Utting (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Oliver JOnes | United Kingdom | 49 years | Mar 2016 | - | Director |
| Mr Paul Utting | England | 59 years | Jun 2016 | - | Director |
| Mr Paul Utting | United Kingdom | 59 years | Jun 2016 | - | Director |
| Mr Mark Scanlon | England | 63 years | Jun 2016 | - | Director |
| Mr Roy Kingston | 66 years | Jun 2016 | - | Director | |
| Ms Debrah Read | England | 58 years | Jun 2016 | - | Director |
| Mr Grzegorz Czech | England | 62 years | Apr 2023 | - | Director |
| Mr Ian Southerland | England | 46 years | Aug 2024 | - | Director |
| Mr Bruce Murray | England | 60 years | Sep 2024 | - | Director |
P&L
December 2023turnover
483.7m
-10%
operating profit
-628.4k
-105%
gross margin
14.6%
-5.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
68.8m
-0.11%
total assets
277.2m
-0.04%
cash
27.8m
-0.31%
net assets
Total assets minus all liabilities
walstead group limited company details
company number
09927306
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
wallace bidco limited (June 2016)
accountant
-
auditor
KPMG LLP
address
18 westside centre, london road - stanway, colchester, essex, CO3 8PH
Bank
-
Legal Advisor
-
walstead group 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 2 charges/mortgages relating to walstead group limited. Currently there are 0 open charges and 2 have been satisfied in the past.
walstead group 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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walstead group limited Companies House Filings - See Documents
| date | description | view/download |
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