watertight ltd
watertight ltd Company Information
Company Number
11736578
Registered Address
2 shaws orchard radley road, halam, newark, nottinghamshire, NG22 8FZ
Industry
Activities of production holding companies
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Directors
Andrew Critchley5 Years
Shareholders
andrew critchley 100%
watertight ltd Estimated Valuation
Pomanda estimates the enterprise value of WATERTIGHT LTD at £215.6k based on a Turnover of £174.8k and 1.23x industry multiple (adjusted for size and gross margin).
watertight ltd Estimated Valuation
Pomanda estimates the enterprise value of WATERTIGHT LTD at £3.3m based on an EBITDA of £674.5k and a 4.94x industry multiple (adjusted for size and gross margin).
watertight ltd Estimated Valuation
Pomanda estimates the enterprise value of WATERTIGHT LTD at £2.4m based on Net Assets of £1.2m and 2.04x industry multiple (adjusted for liquidity).
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Watertight Ltd Overview
Watertight Ltd is a live company located in newark, NG22 8FZ with a Companies House number of 11736578. It operates in the activities of production holding companies sector, SIC Code 64202. Founded in December 2018, it's largest shareholder is andrew critchley with a 100% stake. Watertight Ltd is a young, micro sized company, Pomanda has estimated its turnover at £174.8k with unknown growth in recent years.
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Watertight Ltd Health Check
Pomanda's financial health check has awarded Watertight Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
2 Weak
Size
annual sales of £174.8k, make it smaller than the average company (£20.3m)
- Watertight Ltd
£20.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Watertight Ltd
- - Industry AVG
Production
with a gross margin of 32.7%, this company has a comparable cost of product (32.7%)
- Watertight Ltd
32.7% - Industry AVG
Profitability
an operating margin of 384.8% make it more profitable than the average company (6.2%)
- Watertight Ltd
6.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (124)
1 - Watertight Ltd
124 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has an equivalent pay structure (£41.7k)
- Watertight Ltd
£41.7k - Industry AVG
Efficiency
resulting in sales per employee of £174.8k, this is equally as efficient (£174.8k)
- Watertight Ltd
£174.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Watertight Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Watertight Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Watertight Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 585 weeks, this is more cash available to meet short term requirements (13 weeks)
585 weeks - Watertight Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.1%, this is a lower level of debt than the average (56%)
0.1% - Watertight Ltd
56% - Industry AVG
WATERTIGHT LTD financials
Watertight Ltd's latest turnover from December 2023 is estimated at £174.8 thousand and the company has net assets of £1.2 million. According to their latest financial statements, Watertight Ltd has 1 employee and maintains cash reserves of £12 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 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 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 7,908 | 6,067 | 2,540 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 1,000 | 1,000 |
| Investments & Other | 1,117,854 | 1,117,854 | 1,107,956 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,125,762 | 1,123,921 | 1,110,496 | 1,000 | 1,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 44,000 | 35,000 | 0 | 0 |
| Group Debtors | 238 | 0 | 0 | 0 | 0 |
| Misc Debtors | 34,094 | 0 | 0 | 0 | 0 |
| Cash | 12,009 | 40,017 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 46,341 | 84,017 | 35,000 | 0 | 0 |
| total assets | 1,172,103 | 1,207,938 | 1,145,496 | 1,000 | 1,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 1,506 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 535,810 | 119,858 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,067 | 5,149 | 564,499 | 0 | 0 |
| total current liabilities | 1,067 | 542,465 | 684,357 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,067 | 542,465 | 684,357 | 0 | 0 |
| net assets | 1,171,036 | 665,473 | 461,139 | 1,000 | 1,000 |
| total shareholders funds | 1,171,036 | 665,473 | 461,139 | 1,000 | 1,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 1,668 | 818 | 562 | ||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -9,668 | 9,000 | 35,000 | 0 | 0 |
| Creditors | -1,506 | 1,506 | 0 | 0 | 0 |
| Accruals and Deferred Income | -4,082 | -559,350 | 564,499 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 9,898 | 1,107,956 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -535,810 | 415,952 | 119,858 | 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 | -28,008 | 40,017 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -28,008 | 40,017 | 0 | 0 | 0 |
watertight ltd Credit Report and Business Information
Watertight Ltd Competitor Analysis
Perform a competitor analysis for watertight ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in NG22 area or any other competitors across 12 key performance metrics.
watertight ltd Ownership
WATERTIGHT LTD group structure
Watertight Ltd has no subsidiary companies.
Ultimate parent company
WATERTIGHT LTD
11736578
watertight ltd directors
Watertight Ltd currently has 1 director, Mr Andrew Critchley serving since Dec 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Critchley | 59 years | Dec 2018 | - | Director |
P&L
December 2023turnover
174.8k
-1%
operating profit
672.8k
0%
gross margin
32.7%
-0.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.2m
+0.76%
total assets
1.2m
-0.03%
cash
12k
-0.7%
net assets
Total assets minus all liabilities
watertight ltd company details
company number
11736578
Type
Private limited with Share Capital
industry
64202 - Activities of production holding companies
incorporation date
December 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
WRIGHT VIGAR LTD
auditor
-
address
2 shaws orchard radley road, halam, newark, nottinghamshire, NG22 8FZ
Bank
-
Legal Advisor
-
watertight 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 found 1 charges/mortgages relating to watertight ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
watertight ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
