washington worktops ltd

washington worktops ltd Company Information

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Company Number

12423505

Industry

Manufacture of other builders' carpentry and joinery

 

Directors

Paul Little

Shareholders

paul little

Group Structure

View All

Contact

Registered Address

13 elswick road, armstrong, washington, NE37 1LH

washington worktops ltd Estimated Valuation

£223.6k

Pomanda estimates the enterprise value of WASHINGTON WORKTOPS LTD at £223.6k based on a Turnover of £566.7k and 0.39x industry multiple (adjusted for size and gross margin).

washington worktops ltd Estimated Valuation

£166k

Pomanda estimates the enterprise value of WASHINGTON WORKTOPS LTD at £166k based on an EBITDA of £47.2k and a 3.52x industry multiple (adjusted for size and gross margin).

washington worktops ltd Estimated Valuation

£635.8k

Pomanda estimates the enterprise value of WASHINGTON WORKTOPS LTD at £635.8k based on Net Assets of £381.9k and 1.67x industry multiple (adjusted for liquidity).

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Washington Worktops Ltd Overview

Washington Worktops Ltd is a live company located in washington, NE37 1LH with a Companies House number of 12423505. It operates in the manufacture of other builders' carpentry and joinery sector, SIC Code 16230. Founded in January 2020, it's largest shareholder is paul little with a 100% stake. Washington Worktops Ltd is a young, small sized company, Pomanda has estimated its turnover at £566.7k with high growth in recent years.

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Washington Worktops Ltd Health Check

Pomanda's financial health check has awarded Washington Worktops Ltd a 2.5 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

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

6 Weak

size

Size

annual sales of £566.7k, make it smaller than the average company (£7.5m)

£566.7k - Washington Worktops Ltd

£7.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.8%)

18% - Washington Worktops Ltd

8.8% - Industry AVG

production

Production

with a gross margin of 28.2%, this company has a comparable cost of product (28.2%)

28.2% - Washington Worktops Ltd

28.2% - Industry AVG

profitability

Profitability

an operating margin of -3.2% make it less profitable than the average company (5.2%)

-3.2% - Washington Worktops Ltd

5.2% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (46)

8 - Washington Worktops Ltd

46 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)

£33.1k - Washington Worktops Ltd

£33.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £70.8k, this is less efficient (£140.1k)

£70.8k - Washington Worktops Ltd

£140.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is near the average (49 days)

49 days - Washington Worktops Ltd

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is quicker than average (40 days)

33 days - Washington Worktops Ltd

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 27 days, this is less than average (40 days)

27 days - Washington Worktops Ltd

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (25 weeks)

8 weeks - Washington Worktops Ltd

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 50%, this is a similar level of debt than the average (53.4%)

50% - Washington Worktops Ltd

53.4% - Industry AVG

WASHINGTON WORKTOPS LTD financials

EXPORTms excel logo

Washington Worktops Ltd's latest turnover from January 2024 is estimated at £566.7 thousand and the company has net assets of £381.9 thousand. According to their latest financial statements, Washington Worktops Ltd has 8 employees and maintains cash reserves of £54 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021
Turnover566,660471,187601,632340,907
Other Income Or Grants0000
Cost Of Sales406,611339,514424,114250,684
Gross Profit160,049131,674177,51890,224
Admin Expenses178,07981,989-84,765-128,257
Operating Profit-18,03049,685262,283218,481
Interest Payable25,55014,4383,0851,525
Interest Receivable4,6307,48946834
Pre-Tax Profit-38,94942,736259,665216,990
Tax0-8,120-49,336-41,228
Profit After Tax-38,94934,616210,329175,762
Dividends Paid0000
Retained Profit-38,94934,616210,329175,762
Employee Costs265,137255,572218,887138,168
Number Of Employees8875
EBITDA*47,166126,855292,024218,481

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021
Tangible Assets258,981306,275284,643137,824
Intangible Assets0000
Investments & Other0000
Debtors (Due After 1 year)0000
Total Fixed Assets258,981306,275284,643137,824
Stock & work in progress30,58025,16533,3756,250
Trade Debtors77,52459,08462,48259,630
Group Debtors0000
Misc Debtors341,927357,7965,11611,005
Cash54,013122,377305,55568,572
misc current assets0000
total current assets504,044564,422406,528145,457
total assets763,025870,697691,171283,281
Bank overdraft198,992227,72411,2292,500
Bank loan0000
Trade Creditors 37,17222,764165,56827,753
Group/Directors Accounts0000
other short term finances0000
hp & lease commitments0000
other current liabilities95,797113,71036,60129,666
total current liabilities331,961364,198213,39859,919
loans027,50037,50047,500
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities0000
provisions49,20658,19254,0820
total long term liabilities49,20685,69291,58247,500
total liabilities381,167449,890304,980107,419
net assets381,858420,807386,191175,862
total shareholders funds381,858420,807386,191175,862
Jan 2024Jan 2023Jan 2022Jan 2021
Operating Activities
Operating Profit-18,03049,685262,283218,481
Depreciation65,19677,17029,7410
Amortisation0000
Tax0-8,120-49,336-41,228
Stock5,415-8,21027,1256,250
Debtors2,571349,282-3,03770,635
Creditors14,408-142,804137,81527,753
Accruals and Deferred Income-17,91377,1096,93529,666
Deferred Taxes & Provisions-8,9864,11054,0820
Cash flow from operations26,689-283,922417,432157,787
Investing Activities
capital expenditure-17,902-98,802-176,560-137,824
Change in Investments0000
cash flow from investments-17,902-98,802-176,560-137,824
Financing Activities
Bank loans0000
Group/Directors Accounts0000
Other Short Term Loans 0000
Long term loans-27,500-10,000-10,00047,500
Hire Purchase and Lease Commitments0000
other long term liabilities0000
share issue000100
interest-20,920-6,949-2,617-1,491
cash flow from financing-48,420-16,949-12,61746,109
cash and cash equivalents
cash-68,364-183,178236,98368,572
overdraft-28,732216,4958,7292,500
change in cash-39,632-399,673228,25466,072

washington worktops ltd 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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Washington Worktops Ltd Competitor Analysis

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Perform a competitor analysis for washington worktops ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NE37 area or any other competitors across 12 key performance metrics.

washington worktops ltd Ownership

WASHINGTON WORKTOPS LTD group structure

Washington Worktops Ltd has no subsidiary companies.

Ultimate parent company

WASHINGTON WORKTOPS LTD

12423505

WASHINGTON WORKTOPS LTD Shareholders

paul little 100%

washington worktops ltd directors

Washington Worktops Ltd currently has 1 director, Mr Paul Little serving since Jan 2020.

officercountryagestartendrole
Mr Paul Little47 years Jan 2020- Director

P&L

January 2024

turnover

566.7k

+20%

operating profit

-18k

0%

gross margin

28.3%

+1.07%

turnover

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

Balance Sheet

January 2024

net assets

381.9k

-0.09%

total assets

763k

-0.12%

cash

54k

-0.56%

net assets

Total assets minus all liabilities

washington worktops ltd company details

company number

12423505

Type

Private limited with Share Capital

industry

16230 - Manufacture of other builders' carpentry and joinery

incorporation date

January 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

washington work surfaces ltd (February 2024)

accountant

-

auditor

-

address

13 elswick road, armstrong, washington, NE37 1LH

Bank

-

Legal Advisor

-

washington worktops 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 washington worktops ltd.

washington worktops ltd 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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washington worktops ltd Companies House Filings - See Documents

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