water solutions ireland ltd.
water solutions ireland ltd. Company Information
Company Number
NI625668
Registered Address
unit 7 carnbane business park, newry, county down, BT35 6QH
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
02830252007
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
wsi group ltd 100%
water solutions ireland ltd. Estimated Valuation
Pomanda estimates the enterprise value of WATER SOLUTIONS IRELAND LTD. at £1.4m based on a Turnover of £5.4m and 0.26x industry multiple (adjusted for size and gross margin).
water solutions ireland ltd. Estimated Valuation
Pomanda estimates the enterprise value of WATER SOLUTIONS IRELAND LTD. at £0 based on an EBITDA of £-122k and a 3.23x industry multiple (adjusted for size and gross margin).
water solutions ireland ltd. Estimated Valuation
Pomanda estimates the enterprise value of WATER SOLUTIONS IRELAND LTD. at £5.3m based on Net Assets of £2.7m and 1.94x industry multiple (adjusted for liquidity).
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Water Solutions Ireland Ltd. Overview
Water Solutions Ireland Ltd. is a live company located in county down, BT35 6QH with a Companies House number of NI625668. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 2014, it's largest shareholder is wsi group ltd with a 100% stake. Water Solutions Ireland Ltd. is a established, mid sized company, Pomanda has estimated its turnover at £5.4m with high growth in recent years.
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Water Solutions Ireland Ltd. Health Check
Pomanda's financial health check has awarded Water Solutions Ireland Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £5.4m, make it in line with the average company (£6.2m)
- Water Solutions Ireland Ltd.
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (4.5%)
- Water Solutions Ireland Ltd.
4.5% - Industry AVG
Production
with a gross margin of 13%, this company has a higher cost of product (24.2%)
- Water Solutions Ireland Ltd.
24.2% - Industry AVG
Profitability
an operating margin of -4.5% make it less profitable than the average company (5.4%)
- Water Solutions Ireland Ltd.
5.4% - Industry AVG
Employees
with 28 employees, this is similar to the industry average (31)
28 - Water Solutions Ireland Ltd.
31 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£45.4k)
- Water Solutions Ireland Ltd.
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £192k, this is equally as efficient (£182.7k)
- Water Solutions Ireland Ltd.
£182.7k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (57 days)
- Water Solutions Ireland Ltd.
57 days - Industry AVG
Creditor Days
its suppliers are paid after 175 days, this is slower than average (39 days)
- Water Solutions Ireland Ltd.
39 days - Industry AVG
Stock Days
it holds stock equivalent to 134 days, this is more than average (13 days)
- Water Solutions Ireland Ltd.
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (19 weeks)
55 weeks - Water Solutions Ireland Ltd.
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.1%, this is a lower level of debt than the average (62.6%)
46.1% - Water Solutions Ireland Ltd.
62.6% - Industry AVG
WATER SOLUTIONS IRELAND LTD. financials
Water Solutions Ireland Ltd.'s latest turnover from December 2022 is estimated at £5.4 million and the company has net assets of £2.7 million. According to their latest financial statements, Water Solutions Ireland Ltd. has 28 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 28 | 21 | 13 | 12 | 9 | 5 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 453,806 | 276,015 | 140,124 | 144,095 | 104,598 | 79,639 | 29,563 | 14,430 |
| Intangible Assets | 0 | 0 | 0 | 400 | 800 | 1,200 | 1,600 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 453,806 | 276,015 | 140,124 | 144,495 | 105,398 | 80,839 | 31,163 | 14,430 |
| Stock & work in progress | 1,720,707 | 935,452 | 531,174 | 666,282 | 266,666 | 28,850 | 82,880 | 57,526 |
| Trade Debtors | 476,196 | 958,818 | 1,017,667 | 634,756 | 466,884 | 297,615 | 305,315 | 150,823 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,413,400 | 2,113,888 | 1,338,768 | 333,723 | 448,427 | 104,746 | 45,627 | 32,743 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,610,303 | 4,008,158 | 2,887,609 | 1,634,761 | 1,181,977 | 431,211 | 433,822 | 241,092 |
| total assets | 5,064,109 | 4,284,173 | 3,027,733 | 1,779,256 | 1,287,375 | 512,050 | 464,985 | 255,522 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,248,373 | 1,338,339 | 870,653 | 651,230 | 599,694 | 59,342 | 194,202 | 231,863 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 2,710 | 1,392 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 37,001 | 27,993 | 0 |
| total current liabilities | 2,248,373 | 1,338,339 | 870,653 | 651,230 | 599,694 | 99,053 | 223,587 | 231,863 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 42,218 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 9,074 | 27,983 | 30,088 | 0 | 0 | 0 |
| provisions | 86,234 | 52,441 | 26,622 | 27,453 | 20,025 | 16,976 | 6,544 | 3,030 |
| total long term liabilities | 86,234 | 52,441 | 35,696 | 55,436 | 50,113 | 59,194 | 6,544 | 3,030 |
| total liabilities | 2,334,607 | 1,390,780 | 906,349 | 706,666 | 649,807 | 158,247 | 230,131 | 234,893 |
| net assets | 2,729,502 | 2,893,393 | 2,121,384 | 1,072,590 | 637,568 | 353,803 | 234,854 | 20,629 |
| total shareholders funds | 2,729,502 | 2,893,393 | 2,121,384 | 1,072,590 | 637,568 | 353,803 | 234,854 | 20,629 |
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 121,243 | 40,532 | 32,760 | 32,059 | 21,729 | 5,911 | 3,382 | 1,166 |
| Amortisation | 0 | 0 | 400 | 400 | 400 | 400 | 400 | 0 |
| Tax | ||||||||
| Stock | 785,255 | 404,278 | -135,108 | 399,616 | 237,816 | -54,030 | 25,354 | 57,526 |
| Debtors | -482,622 | -58,849 | 382,911 | 167,872 | 169,269 | -7,700 | 154,492 | 150,823 |
| Creditors | 910,034 | 467,686 | 219,423 | 51,536 | 540,352 | -134,860 | -37,661 | 231,863 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -37,001 | 9,008 | 27,993 | 0 |
| Deferred Taxes & Provisions | 33,793 | 25,819 | -831 | 7,428 | 3,049 | 10,432 | 3,514 | 3,030 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -2,710 | 1,318 | 1,392 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -42,218 | 42,218 | 0 | 0 |
| other long term liabilities | 0 | -9,074 | -18,909 | -2,105 | 30,088 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 299,512 | 775,120 | 1,005,045 | -114,704 | 343,681 | 59,119 | 12,884 | 32,743 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 299,512 | 775,120 | 1,005,045 | -114,704 | 343,681 | 59,119 | 12,884 | 32,743 |
water solutions ireland ltd. Credit Report and Business Information
Water Solutions Ireland Ltd. Competitor Analysis
Perform a competitor analysis for water solutions ireland ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
water solutions ireland ltd. Ownership
WATER SOLUTIONS IRELAND LTD. group structure
Water Solutions Ireland Ltd. has no subsidiary companies.
Ultimate parent company
WATER SOLUTIONS IRELAND LTD.
NI625668
water solutions ireland ltd. directors
Water Solutions Ireland Ltd. currently has 4 directors. The longest serving directors include Mr Eamon Magee (Jul 2014) and Mr Conor McKeown (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eamon Magee | Northern Ireland | 59 years | Jul 2014 | - | Director |
| Mr Conor McKeown | Northern Ireland | 44 years | Apr 2015 | - | Director |
| Mr Patrick Cunningham | Northern Ireland | 39 years | Jan 2018 | - | Director |
| Miss Caoimhe Toner | Northern Ireland | 33 years | Jan 2021 | - | Director |
P&L
December 2022turnover
5.4m
+28%
operating profit
-243.2k
0%
gross margin
13%
+3.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.7m
-0.06%
total assets
5.1m
+0.18%
cash
2.4m
+0.14%
net assets
Total assets minus all liabilities
Similar Companies
water solutions ireland ltd. company details
company number
NI625668
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
July 2014
age
10
accounts
Unaudited Abridged
ultimate parent company
previous names
newcon water solutions ltd. (July 2014)
incorporated
UK
address
unit 7 carnbane business park, newry, county down, BT35 6QH
last accounts submitted
December 2022
water solutions ireland 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 water solutions ireland ltd.. Currently there are 0 open charges and 1 have been satisfied in the past.
water solutions ireland ltd. Companies House Filings - See Documents
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