watford plant limited
watford plant limited Company Information
Company Number
11639750
Registered Address
printing house 66 lower road, harrow, middlesex, HA2 0DH
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Telephone
01923230303
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
jb construction group ltd 100%
watford plant limited Estimated Valuation
Pomanda estimates the enterprise value of WATFORD PLANT LIMITED at £2.7m based on a Turnover of £3.9m and 0.69x industry multiple (adjusted for size and gross margin).
watford plant limited Estimated Valuation
Pomanda estimates the enterprise value of WATFORD PLANT LIMITED at £5.3m based on an EBITDA of £1.8m and a 2.9x industry multiple (adjusted for size and gross margin).
watford plant limited Estimated Valuation
Pomanda estimates the enterprise value of WATFORD PLANT LIMITED at £2m based on Net Assets of £792.5k and 2.5x industry multiple (adjusted for liquidity).
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Watford Plant Limited Overview
Watford Plant Limited is a live company located in middlesex, HA2 0DH with a Companies House number of 11639750. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in October 2018, it's largest shareholder is jb construction group ltd with a 100% stake. Watford Plant Limited is a young, small sized company, Pomanda has estimated its turnover at £3.9m with rapid growth in recent years.
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Watford Plant Limited Health Check
Pomanda's financial health check has awarded Watford Plant Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£14.3m)
- Watford Plant Limited
£14.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (11.5%)
- Watford Plant Limited
11.5% - Industry AVG
Production
with a gross margin of 34.8%, this company has a comparable cost of product (34.8%)
- Watford Plant Limited
34.8% - Industry AVG
Profitability
an operating margin of 17.8% make it more profitable than the average company (12.2%)
- Watford Plant Limited
12.2% - Industry AVG
Employees
with 19 employees, this is below the industry average (72)
- Watford Plant Limited
72 - Industry AVG
Pay Structure
on an average salary of £44k, the company has an equivalent pay structure (£44k)
- Watford Plant Limited
£44k - Industry AVG
Efficiency
resulting in sales per employee of £203.1k, this is equally as efficient (£212.3k)
- Watford Plant Limited
£212.3k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (62 days)
- Watford Plant Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (44 days)
- Watford Plant Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Watford Plant Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (6 weeks)
4 weeks - Watford Plant Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.7%, this is a higher level of debt than the average (60.3%)
70.7% - Watford Plant Limited
60.3% - Industry AVG
WATFORD PLANT LIMITED financials
Watford Plant Limited's latest turnover from March 2024 is estimated at £3.9 million and the company has net assets of £792.5 thousand. According to their latest financial statements, we estimate that Watford Plant Limited has 19 employees and maintains cash reserves of £114.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 1,494,907 | 598,897 | 600,000 | 0 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 417,407 | 29,216 | 0 | 0 | ||
| Gross Profit | 1,077,500 | 569,681 | 600,000 | 0 | ||
| Admin Expenses | 1,061,605 | 411,282 | 212,593 | 0 | ||
| Operating Profit | 15,895 | 158,399 | 387,407 | 0 | ||
| Interest Payable | 32,479 | 15,421 | 7,345 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | -16,584 | 142,978 | 380,062 | 0 | ||
| Tax | -105,364 | -57,968 | -152,146 | 0 | ||
| Profit After Tax | -121,948 | 85,010 | 227,916 | 0 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | ||
| Retained Profit | -121,948 | 85,010 | 227,916 | 0 | ||
| Employee Costs | 0 | |||||
| Number Of Employees | ||||||
| EBITDA* | 1,061,507 | 558,306 | 569,925 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,422,827 | 1,413,985 | 2,227,024 | 1,105,863 | 800,771 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,422,827 | 1,413,985 | 2,227,024 | 1,105,863 | 800,771 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 887,500 | 226,431 | 508,460 | 120,835 | 0 | 0 |
| Group Debtors | 278,002 | 278,002 | 0 | 2 | 2 | 2 |
| Misc Debtors | 0 | 0 | 0 | 0 | 18,545 | 0 |
| Cash | 114,615 | 84,119 | 130,834 | 123,710 | 260,617 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,280,117 | 588,552 | 639,294 | 244,547 | 279,164 | 2 |
| total assets | 2,702,944 | 2,002,537 | 2,866,318 | 1,350,410 | 1,079,935 | 2 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 182,436 | 3,016 | 394,864 | 112,060 | 62,576 | 0 |
| Group/Directors Accounts | 0 | 0 | 121,998 | 22,000 | 22,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 823,886 | 823,547 | 809,161 | 513,291 | 382,436 | 0 |
| other current liabilities | 269,539 | 219,351 | 64,729 | 7,100 | 6,000 | 0 |
| total current liabilities | 1,275,861 | 1,045,914 | 1,390,752 | 654,451 | 473,012 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 469,388 | 526,211 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 969,108 | 172,917 | 226,859 | 0 |
| provisions | 165,230 | 155,649 | 315,478 | 210,114 | 152,146 | 0 |
| total long term liabilities | 634,618 | 681,860 | 1,284,586 | 383,031 | 379,005 | 0 |
| total liabilities | 1,910,479 | 1,727,774 | 2,675,338 | 1,037,482 | 852,017 | 0 |
| net assets | 792,465 | 274,763 | 190,980 | 312,928 | 227,918 | 2 |
| total shareholders funds | 792,465 | 274,763 | 190,980 | 312,928 | 227,918 | 2 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 15,895 | 158,399 | 387,407 | 0 | ||
| Depreciation | 1,128,658 | 1,164,402 | 1,045,612 | 399,907 | 182,518 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -105,364 | -57,968 | -152,146 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 661,069 | -4,027 | 387,623 | 102,290 | 18,545 | 2 |
| Creditors | 179,420 | -391,848 | 282,804 | 49,484 | 62,576 | 0 |
| Accruals and Deferred Income | 50,188 | 154,622 | 57,629 | 1,100 | 6,000 | 0 |
| Deferred Taxes & Provisions | 9,581 | -159,829 | 105,364 | 57,968 | 152,146 | 0 |
| Cash flow from operations | 1,014,317 | 506,600 | 619,956 | -2 | ||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -121,998 | 99,998 | 0 | 22,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -56,484 | 540,597 | 295,870 | 130,855 | 382,436 | 0 |
| other long term liabilities | 0 | -969,108 | 796,191 | -53,942 | 226,859 | 0 |
| share issue | ||||||
| interest | -32,479 | -15,421 | -7,345 | 0 | ||
| cash flow from financing | 1,159,580 | 61,492 | 623,950 | 2 | ||
| cash and cash equivalents | ||||||
| cash | 30,496 | -46,715 | 7,124 | -136,907 | 260,617 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 30,496 | -46,715 | 7,124 | -136,907 | 260,617 | 0 |
watford plant limited Credit Report and Business Information
Watford Plant Limited Competitor Analysis
Perform a competitor analysis for watford plant limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in HA2 area or any other competitors across 12 key performance metrics.
watford plant limited Ownership
WATFORD PLANT LIMITED group structure
Watford Plant Limited has no subsidiary companies.
watford plant limited directors
Watford Plant Limited currently has 2 directors. The longest serving directors include Mr John Barrett (Oct 2018) and Mr Brendan Barrett (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Barrett | United Kingdom | 65 years | Oct 2018 | - | Director |
| Mr Brendan Barrett | United Kingdom | 41 years | Oct 2018 | - | Director |
P&L
March 2024turnover
3.9m
+337%
operating profit
685.3k
0%
gross margin
34.8%
+1.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
792.5k
+1.88%
total assets
2.7m
+0.35%
cash
114.6k
+0.36%
net assets
Total assets minus all liabilities
watford plant limited company details
company number
11639750
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
October 2018
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
ABBOTS
auditor
-
address
printing house 66 lower road, harrow, middlesex, HA2 0DH
Bank
-
Legal Advisor
-
watford plant 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 1 charges/mortgages relating to watford plant limited. Currently there are 0 open charges and 1 have been satisfied in the past.
watford plant limited Companies House Filings - See Documents
| date | description | view/download |
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