washington worktops ltd Company Information
Company Number
12423505
Next Accounts
Oct 2025
Industry
Manufacture of other builders' carpentry and joinery
Directors
Shareholders
paul little
Group Structure
View All
Contact
Registered Address
13 elswick road, armstrong, washington, NE37 1LH
Website
washingtonworktops.co.ukwashington worktops ltd Estimated Valuation
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
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
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
2 Strong
4 Regular
6 Weak
Size
annual sales of £566.7k, make it smaller than the average company (£7.5m)
- Washington Worktops Ltd
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.8%)
- Washington Worktops Ltd
8.8% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (28.2%)
- Washington Worktops Ltd
28.2% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (5.2%)
- Washington Worktops Ltd
5.2% - Industry AVG
Employees
with 8 employees, this is below the industry average (46)
8 - Washington Worktops Ltd
46 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Washington Worktops Ltd
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £70.8k, this is less efficient (£140.1k)
- Washington Worktops Ltd
£140.1k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (49 days)
- Washington Worktops Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (40 days)
- Washington Worktops Ltd
40 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is less than average (40 days)
- Washington Worktops Ltd
40 days - Industry AVG
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
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
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 House, Pomanda Estimates
Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | |
---|---|---|---|---|
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 | 8 | 8 | 7 | 5 |
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | |
---|---|---|---|---|
Tangible Assets | 258,981 | 306,275 | 284,643 | 137,824 |
Intangible Assets | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
Total Fixed Assets | 258,981 | 306,275 | 284,643 | 137,824 |
Stock & work in progress | 30,580 | 25,165 | 33,375 | 6,250 |
Trade Debtors | 77,524 | 59,084 | 62,482 | 59,630 |
Group Debtors | 0 | 0 | 0 | 0 |
Misc Debtors | 341,927 | 357,796 | 5,116 | 11,005 |
Cash | 54,013 | 122,377 | 305,555 | 68,572 |
misc current assets | 0 | 0 | 0 | 0 |
total current assets | 504,044 | 564,422 | 406,528 | 145,457 |
total assets | 763,025 | 870,697 | 691,171 | 283,281 |
Bank overdraft | 198,992 | 227,724 | 11,229 | 2,500 |
Bank loan | 0 | 0 | 0 | 0 |
Trade Creditors | 37,172 | 22,764 | 165,568 | 27,753 |
Group/Directors Accounts | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 |
other current liabilities | 95,797 | 113,710 | 36,601 | 29,666 |
total current liabilities | 331,961 | 364,198 | 213,398 | 59,919 |
loans | 0 | 27,500 | 37,500 | 47,500 |
hp & lease commitments | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 |
provisions | 49,206 | 58,192 | 54,082 | 0 |
total long term liabilities | 49,206 | 85,692 | 91,582 | 47,500 |
total liabilities | 381,167 | 449,890 | 304,980 | 107,419 |
net assets | 381,858 | 420,807 | 386,191 | 175,862 |
total shareholders funds | 381,858 | 420,807 | 386,191 | 175,862 |
Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | |
---|---|---|---|---|
Operating Activities | ||||
Operating Profit | ||||
Depreciation | 65,196 | 77,170 | 29,741 | |
Amortisation | 0 | 0 | 0 | |
Tax | ||||
Stock | 5,415 | -8,210 | 27,125 | 6,250 |
Debtors | 2,571 | 349,282 | -3,037 | 70,635 |
Creditors | 14,408 | -142,804 | 137,815 | 27,753 |
Accruals and Deferred Income | -17,913 | 77,109 | 6,935 | 29,666 |
Deferred Taxes & Provisions | -8,986 | 4,110 | 54,082 | 0 |
Cash flow from operations | ||||
Investing Activities | ||||
capital expenditure | ||||
Change in Investments | 0 | 0 | 0 | 0 |
cash flow from investments | ||||
Financing Activities | ||||
Bank loans | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 |
Long term loans | -27,500 | -10,000 | -10,000 | 47,500 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 |
share issue | ||||
interest | ||||
cash flow from financing | ||||
cash and cash equivalents | ||||
cash | -68,364 | -183,178 | 236,983 | 68,572 |
overdraft | -28,732 | 216,495 | 8,729 | 2,500 |
change in cash | -39,632 | -399,673 | 228,254 | 66,072 |
washington worktops ltd Credit Report and Business Information
Washington Worktops Ltd Competitor Analysis
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 directors
Washington Worktops Ltd currently has 1 director, Mr Paul Little serving since Jan 2020.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paul Little | 47 years | Jan 2020 | - | Director |
P&L
January 2024turnover
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 2024net 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
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.
Click to start generating capital raising & share issue transactions for WASHINGTON WORKTOPS LTD. This can take several minutes, an email will notify you when this has completed.
washington worktops ltd Companies House Filings - See Documents
date | description | view/download |
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