witek spirits ltd
witek spirits ltd Company Information
Company Number
11396728
Website
-Registered Address
13 museum street, ipswich, IP1 1HE
Industry
Wholesale of wine, beer, spirits and other alcoholic beverages
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
alina gwizdala 33.3%
jozef gwizdala 33.3%
View Allwitek spirits ltd Estimated Valuation
Pomanda estimates the enterprise value of WITEK SPIRITS LTD at £77.6k based on a Turnover of £338.9k and 0.23x industry multiple (adjusted for size and gross margin).
witek spirits ltd Estimated Valuation
Pomanda estimates the enterprise value of WITEK SPIRITS LTD at £424 based on an EBITDA of £145 and a 2.92x industry multiple (adjusted for size and gross margin).
witek spirits ltd Estimated Valuation
Pomanda estimates the enterprise value of WITEK SPIRITS LTD at £0 based on Net Assets of £-16.2k and 2.39x industry multiple (adjusted for liquidity).
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Witek Spirits Ltd Overview
Witek Spirits Ltd is a live company located in ipswich, IP1 1HE with a Companies House number of 11396728. It operates in the wholesale of wine, beer, spirits and other alcoholic beverages sector, SIC Code 46342. Founded in June 2018, it's largest shareholder is alina gwizdala with a 33.3% stake. Witek Spirits Ltd is a young, micro sized company, Pomanda has estimated its turnover at £338.9k with healthy growth in recent years.
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Witek Spirits Ltd Health Check
Pomanda's financial health check has awarded Witek Spirits Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £338.9k, make it smaller than the average company (£27.6m)
- Witek Spirits Ltd
£27.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.9%)
- Witek Spirits Ltd
6.9% - Industry AVG
Production
with a gross margin of 13.2%, this company has a higher cost of product (19.4%)
- Witek Spirits Ltd
19.4% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (3.8%)
- Witek Spirits Ltd
3.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (39)
3 - Witek Spirits Ltd
39 - Industry AVG
Pay Structure
on an average salary of £50.8k, the company has an equivalent pay structure (£50.8k)
- Witek Spirits Ltd
£50.8k - Industry AVG
Efficiency
resulting in sales per employee of £113k, this is less efficient (£674.5k)
- Witek Spirits Ltd
£674.5k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (46 days)
- Witek Spirits Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is quicker than average (45 days)
- Witek Spirits Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Witek Spirits Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Witek Spirits Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 202.4%, this is a higher level of debt than the average (64%)
202.4% - Witek Spirits Ltd
64% - Industry AVG
WITEK SPIRITS LTD financials
Witek Spirits Ltd's latest turnover from June 2023 is estimated at £338.9 thousand and the company has net assets of -£16.2 thousand. According to their latest financial statements, Witek Spirits Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,395 | 1,999 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,395 | 1,999 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 16,933 |
| Trade Debtors | 14,210 | 13,354 | 17,229 | 17,467 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 197 | 201 | 188 | 162 | 795 |
| Cash | 0 | 0 | 0 | 0 | 637 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,407 | 13,555 | 17,417 | 17,629 | 18,365 |
| total assets | 15,802 | 15,554 | 17,417 | 17,629 | 18,365 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 31,649 | 31,525 | 28,056 | 26,270 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 25,482 |
| total current liabilities | 31,649 | 31,525 | 28,056 | 26,270 | 25,482 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 340 | 325 | 325 | 295 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 340 | 325 | 325 | 295 | 0 |
| total liabilities | 31,989 | 31,850 | 28,381 | 26,565 | 25,482 |
| net assets | -16,187 | -16,296 | -10,964 | -8,936 | -7,117 |
| total shareholders funds | -16,187 | -16,296 | -10,964 | -8,936 | -7,117 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | -16,933 | 16,933 |
| Debtors | 852 | -3,862 | -212 | 16,834 | 795 |
| Creditors | 124 | 3,469 | 1,786 | 26,270 | 0 |
| Accruals and Deferred Income | 15 | 0 | 30 | -25,187 | 25,482 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | -637 | 637 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -637 | 637 |
witek spirits ltd Credit Report and Business Information
Witek Spirits Ltd Competitor Analysis
Perform a competitor analysis for witek spirits ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in IP1 area or any other competitors across 12 key performance metrics.
witek spirits ltd Ownership
WITEK SPIRITS LTD group structure
Witek Spirits Ltd has no subsidiary companies.
Ultimate parent company
WITEK SPIRITS LTD
11396728
witek spirits ltd directors
Witek Spirits Ltd currently has 3 directors. The longest serving directors include Mr James Gwizdala (Jun 2018) and Mr Jozef Gwizdala (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Gwizdala | England | 64 years | Jun 2018 | - | Director |
| Mr Jozef Gwizdala | England | 25 years | Jun 2019 | - | Director |
| Mrs Alina Gwizdala | 65 years | Jun 2019 | - | Director |
P&L
June 2023turnover
338.9k
+24%
operating profit
145.3
0%
gross margin
13.2%
+9.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-16.2k
-0.01%
total assets
15.8k
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
witek spirits ltd company details
company number
11396728
Type
Private limited with Share Capital
industry
46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
incorporation date
June 2018
age
6
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
13 museum street, ipswich, IP1 1HE
accountant
GASCOYNES
auditor
-
witek spirits ltd 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 witek spirits ltd.
witek spirits ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
