longwater (south east) limited

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longwater (south east) limited Company Information

Share LONGWATER (SOUTH EAST) LIMITED

Company Number

10066654

Directors

Neil Carter

Neil Olds

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Shareholders

longwater construction supplies limited

christopher reveley

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Group Structure

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Industry

Wholesale of wood, construction materials and sanitary equipment

 

Registered Address

william frost way, longwater business park, norwich, NR5 0JS

longwater (south east) limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of LONGWATER (SOUTH EAST) LIMITED at £2.4m based on a Turnover of £6m and 0.39x industry multiple (adjusted for size and gross margin).

longwater (south east) limited Estimated Valuation

£753.8k

Pomanda estimates the enterprise value of LONGWATER (SOUTH EAST) LIMITED at £753.8k based on an EBITDA of £201k and a 3.75x industry multiple (adjusted for size and gross margin).

longwater (south east) limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of LONGWATER (SOUTH EAST) LIMITED at £2.2m based on Net Assets of £1.1m and 2x industry multiple (adjusted for liquidity).

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Longwater (south East) Limited Overview

Longwater (south East) Limited is a live company located in norwich, NR5 0JS with a Companies House number of 10066654. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in March 2016, it's largest shareholder is longwater construction supplies limited with a 50% stake. Longwater (south East) Limited is a young, mid sized company, Pomanda has estimated its turnover at £6m with healthy growth in recent years.

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Longwater (south East) Limited Health Check

Pomanda's financial health check has awarded Longwater (South East) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

5 Regular

positive_score

5 Weak

size

Size

annual sales of £6m, make it smaller than the average company (£20.6m)

£6m - Longwater (south East) Limited

£20.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9.3%)

10% - Longwater (south East) Limited

9.3% - Industry AVG

production

Production

with a gross margin of 24.8%, this company has a comparable cost of product (24.8%)

24.8% - Longwater (south East) Limited

24.8% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (4%)

1.8% - Longwater (south East) Limited

4% - Industry AVG

employees

Employees

with 15 employees, this is below the industry average (48)

15 - Longwater (south East) Limited

48 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)

£42.9k - Longwater (south East) Limited

£42.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £400.6k, this is equally as efficient (£390.8k)

£400.6k - Longwater (south East) Limited

£390.8k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Longwater (south East) Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 83 days, this is slower than average (35 days)

83 days - Longwater (south East) Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 65 days, this is in line with average (55 days)

65 days - Longwater (south East) Limited

55 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)

0 weeks - Longwater (south East) Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63%, this is a higher level of debt than the average (44.6%)

63% - Longwater (south East) Limited

44.6% - Industry AVG

LONGWATER (SOUTH EAST) LIMITED financials

EXPORTms excel logo

Longwater (South East) Limited's latest turnover from December 2023 is estimated at £6 million and the company has net assets of £1.1 million. According to their latest financial statements, Longwater (South East) Limited has 15 employees and maintains cash reserves of £27.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017
Turnover6,009,3858,203,3274,859,4574,461,9894,596,5713,747,8242,347,6312,131,515
Other Income Or Grants00000000
Cost Of Sales4,520,7296,171,6863,615,5803,332,6443,451,3402,845,9471,767,2381,604,599
Gross Profit1,488,6552,031,6421,243,8771,129,3451,145,231901,878580,393526,915
Admin Expenses1,381,4951,850,028958,9711,135,676689,539760,760426,012593,128
Operating Profit107,160181,614284,906-6,331455,692141,118154,381-66,213
Interest Payable05,7693,79500000
Interest Receivable7,2554,3512641218607973239
Pre-Tax Profit114,415180,196281,375-6,210456,552141,915154,412-66,174
Tax-28,604-34,237-53,4610-86,745-26,964-29,3380
Profit After Tax85,811145,959227,914-6,210369,807114,951125,074-66,174
Dividends Paid00000000
Retained Profit85,811145,959227,914-6,210369,807114,951125,074-66,174
Employee Costs643,451578,612483,119448,912440,278433,959212,165170,972
Number Of Employees15141212121265
EBITDA*201,032270,316376,351102,467547,724227,149177,775-63,450

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017
Tangible Assets371,295348,824289,016327,064434,582358,401159,770117,836
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets371,295348,824289,016327,064434,582358,401159,770117,836
Stock & work in progress814,4981,019,915847,160447,616492,615304,217252,623154,011
Trade Debtors00000000
Group Debtors545,206528,108517,15500000
Misc Debtors1,279,7962,024,0991,309,3461,571,2501,579,901961,409568,309480,624
Cash27,730248,6510211,53629,504199,84112,64330,914
misc current assets00000000
total current assets2,667,2303,820,7732,673,6612,230,4022,102,0201,465,467833,575665,549
total assets3,038,5254,169,5972,962,6772,557,4662,536,6021,823,868993,345783,385
Bank overdraft00121,45500000
Bank loan00000000
Trade Creditors 1,030,3292,010,1081,093,4391,191,4341,254,147986,426647,576675,585
Group/Directors Accounts262,226300,858276,63500121,64900
other short term finances00000000
hp & lease commitments44,17347,67446,83294,14097,67298,58318,97118,565
other current liabilities504,538637,907487,468505,003386,874114,35847,27117,318
total current liabilities1,841,2662,996,5472,025,8291,790,5771,738,6931,321,016713,818711,468
loans00000000
hp & lease commitments18,40662,5793,50050,04556,399153,78464,09778,091
Accruals and Deferred Income00000000
other liabilities00000000
provisions55,54772,97641,81253,22271,67849,04330,3560
total long term liabilities73,953135,55545,312103,267128,077202,82794,45378,091
total liabilities1,915,2193,132,1022,071,1411,893,8441,866,7701,523,843808,271789,559
net assets1,123,3061,037,495891,536663,622669,832300,025185,074-6,174
total shareholders funds1,123,3061,037,495891,536663,622669,832300,025185,074-6,174
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017
Operating Activities
Operating Profit107,160181,614284,906-6,331455,692141,118154,381-66,213
Depreciation93,87288,70291,445108,79892,03286,03123,3942,763
Amortisation00000000
Tax-28,604-34,237-53,4610-86,745-26,964-29,3380
Stock-205,417172,755399,544-44,999188,39851,594252,623154,011
Debtors-727,205725,706255,251-8,651618,492393,100568,309480,624
Creditors-979,779916,669-97,995-62,713267,721338,850647,576675,585
Accruals and Deferred Income-133,369150,439-17,535118,129272,51667,08747,27117,318
Deferred Taxes & Provisions-17,42931,164-11,410-18,45622,63518,68730,3560
Cash flow from operations-25,527435,890-458,845193,077216,961180,11552,708-5,182
Investing Activities
capital expenditure-116,343-148,510-53,397-1,280-168,213-284,662-183,164-120,599
Change in Investments00000000
cash flow from investments-116,343-148,510-53,397-1,280-168,213-284,662-183,164-120,599
Financing Activities
Bank loans00000000
Group/Directors Accounts-38,63224,223276,6350-121,649121,64900
Other Short Term Loans 00000000
Long term loans00000000
Hire Purchase and Lease Commitments-47,67459,921-93,853-9,886-98,296169,29983,06896,656
other long term liabilities00000000
share issue00000060,00060,000
interest7,255-1,418-3,5311218607973239
cash flow from financing-79,05182,726179,251-9,765-219,085291,745143,100156,695
cash and cash equivalents
cash-220,921248,651-211,536182,032-170,337187,19812,64330,914
overdraft0-121,455121,45500000
change in cash-220,921370,106-332,991182,032-170,337187,19812,64330,914

longwater (south east) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Longwater (south East) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for longwater (south east) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in NR5 area or any other competitors across 12 key performance metrics.

longwater (south east) limited Ownership

LONGWATER (SOUTH EAST) LIMITED group structure

Longwater (South East) Limited has 1 subsidiary company.

Ultimate parent company

2 parents

LONGWATER (SOUTH EAST) LIMITED

10066654

1 subsidiary

LONGWATER (SOUTH EAST) LIMITED Shareholders

longwater construction supplies limited 50.01%
christopher reveley 16.67%
graham turkentine 16.67%
neil olds 16.67%

longwater (south east) limited directors

Longwater (South East) Limited currently has 4 directors. The longest serving directors include Mr Neil Carter (Mar 2016) and Mr Neil Olds (Jan 2017).

officercountryagestartendrole
Mr Neil CarterEngland57 years Mar 2016- Director
Mr Neil OldsUnited Kingdom41 years Jan 2017- Director
Mr Graham TurkentineUnited Kingdom59 years Jan 2017- Director
Mr Chris ReveleyUnited Kingdom45 years Jan 2017- Director

P&L

December 2023

turnover

6m

-27%

operating profit

107.2k

0%

gross margin

24.8%

+0.02%

turnover

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

Balance Sheet

December 2023

net assets

1.1m

+0.08%

total assets

3m

-0.27%

cash

27.7k

-0.89%

net assets

Total assets minus all liabilities

longwater (south east) limited company details

company number

10066654

Type

Private limited with Share Capital

industry

46730 - Wholesale of wood, construction materials and sanitary equipment

incorporation date

March 2016

age

9

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

MA PARTNERS AUDIT LLP

auditor

-

address

william frost way, longwater business park, norwich, NR5 0JS

Bank

-

Legal Advisor

-

longwater (south east) 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 5 charges/mortgages relating to longwater (south east) limited. Currently there are 5 open charges and 0 have been satisfied in the past.

longwater (south east) 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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longwater (south east) limited Companies House Filings - See Documents

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