bassetts (wolseley) limited
bassetts (wolseley) limited Company Information
Company Number
NI685067
Website
bassettsonline.comRegistered Address
mahon industrial estate, mahon road, portadown, armagh, BT62 3EH
Industry
Non-specialised wholesale trade
Telephone
-
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
william wilson ltd. 100%
bassetts (wolseley) limited Estimated Valuation
Pomanda estimates the enterprise value of BASSETTS (WOLSELEY) LIMITED at £55.8m based on a Turnover of £41.5m and 1.34x industry multiple (adjusted for size and gross margin).
bassetts (wolseley) limited Estimated Valuation
Pomanda estimates the enterprise value of BASSETTS (WOLSELEY) LIMITED at £36.8m based on an EBITDA of £3.5m and a 10.58x industry multiple (adjusted for size and gross margin).
bassetts (wolseley) limited Estimated Valuation
Pomanda estimates the enterprise value of BASSETTS (WOLSELEY) LIMITED at £4.8m based on Net Assets of £2.8m and 1.67x industry multiple (adjusted for liquidity).
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Bassetts (wolseley) Limited Overview
Bassetts (wolseley) Limited is a live company located in portadown, BT62 3EH with a Companies House number of NI685067. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in January 2022, it's largest shareholder is william wilson ltd. with a 100% stake. Bassetts (wolseley) Limited is a startup, large sized company, Pomanda has estimated its turnover at £41.5m with unknown growth in recent years.
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Bassetts (wolseley) Limited Health Check
Pomanda's financial health check has awarded Bassetts (Wolseley) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £41.5m, make it larger than the average company (£14.6m)
£41.5m - Bassetts (wolseley) Limited
£14.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Bassetts (wolseley) Limited
- - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (27.3%)
30.1% - Bassetts (wolseley) Limited
27.3% - Industry AVG
Profitability
an operating margin of 7.1% make it more profitable than the average company (5.4%)
7.1% - Bassetts (wolseley) Limited
5.4% - Industry AVG
Employees
with 159 employees, this is above the industry average (37)
159 - Bassetts (wolseley) Limited
37 - Industry AVG
Pay Structure
on an average salary of £39.5k, the company has an equivalent pay structure (£42.7k)
£39.5k - Bassetts (wolseley) Limited
£42.7k - Industry AVG
Efficiency
resulting in sales per employee of £260.9k, this is less efficient (£366.1k)
£260.9k - Bassetts (wolseley) Limited
£366.1k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (53 days)
47 days - Bassetts (wolseley) Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (34 days)
51 days - Bassetts (wolseley) Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 98 days, this is more than average (77 days)
98 days - Bassetts (wolseley) Limited
77 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (15 weeks)
4 weeks - Bassetts (wolseley) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.7%, this is a higher level of debt than the average (46.9%)
89.7% - Bassetts (wolseley) Limited
46.9% - Industry AVG
BASSETTS (WOLSELEY) LIMITED financials
Bassetts (Wolseley) Limited's latest turnover from July 2023 is £41.5 million and the company has net assets of £2.8 million. According to their latest financial statements, Bassetts (Wolseley) Limited has 159 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | |
|---|---|---|
| Turnover | 41,485,000 | 17,458,000 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 29,014,000 | 12,227,000 |
| Gross Profit | 12,471,000 | 5,231,000 |
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | 0 | 0 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | 1,569,000 | 644,000 |
| Tax | 726,000 | -96,000 |
| Profit After Tax | 2,295,000 | 548,000 |
| Dividends Paid | 0 | 0 |
| Retained Profit | 2,295,000 | 548,000 |
| Employee Costs | 6,288,000 | 2,677,000 |
| Number Of Employees | 159 | 164 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | |
|---|---|---|
| Tangible Assets | 1,649,000 | 1,973,000 |
| Intangible Assets | 9,067,000 | 9,513,000 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 10,716,000 | 11,486,000 |
| Stock & work in progress | 7,869,000 | 8,496,000 |
| Trade Debtors | 5,372,000 | 5,791,000 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 1,767,000 | 1,762,000 |
| Cash | 1,920,000 | 2,460,000 |
| misc current assets | 0 | 0 |
| total current assets | 16,928,000 | 18,509,000 |
| total assets | 27,644,000 | 29,995,000 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 4,077,000 | 6,679,000 |
| Group/Directors Accounts | 14,181,000 | 14,968,000 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 3,235,000 | 3,681,000 |
| total current liabilities | 21,493,000 | 25,328,000 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 3,308,000 | 4,119,000 |
| total long term liabilities | 3,308,000 | 4,119,000 |
| total liabilities | 24,801,000 | 29,447,000 |
| net assets | 2,843,000 | 548,000 |
| total shareholders funds | 2,843,000 | 548,000 |
| Jul 2023 | Jul 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 531,000 | 233,000 |
| Amortisation | 0 | 0 |
| Tax | 726,000 | -96,000 |
| Stock | -627,000 | 8,496,000 |
| Debtors | -414,000 | 7,553,000 |
| Creditors | -2,602,000 | 6,679,000 |
| Accruals and Deferred Income | -446,000 | 3,681,000 |
| Deferred Taxes & Provisions | -811,000 | 4,119,000 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | -787,000 | 14,968,000 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | 0 | 0 |
| cash flow from financing | -787,000 | 14,968,000 |
| cash and cash equivalents | ||
| cash | -540,000 | 2,460,000 |
| overdraft | 0 | 0 |
| change in cash | -540,000 | 2,460,000 |
bassetts (wolseley) limited Credit Report and Business Information
Bassetts (wolseley) Limited Competitor Analysis
Perform a competitor analysis for bassetts (wolseley) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in BT62 area or any other competitors across 12 key performance metrics.
bassetts (wolseley) limited Ownership
BASSETTS (WOLSELEY) LIMITED group structure
Bassetts (Wolseley) Limited has no subsidiary companies.
Ultimate parent company
CD&R WOLF SARL
#0148082
2 parents
BASSETTS (WOLSELEY) LIMITED
NI685067
bassetts (wolseley) limited directors
Bassetts (Wolseley) Limited currently has 4 directors. The longest serving directors include Mr Simon Gray (Jan 2022) and Mr Simon Gray (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Gray | United Kingdom | 57 years | Jan 2022 | - | Director |
| Mr Simon Gray | United Kingdom | 57 years | Jan 2022 | - | Director |
| Mr Nicky Randle | United Kingdom | 40 years | Jan 2024 | - | Director |
| Ms Nicola Thomas | United Kingdom | 48 years | Jan 2024 | - | Director |
P&L
July 2023turnover
41.5m
+138%
operating profit
3m
0%
gross margin
30.1%
+0.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
2.8m
+4.19%
total assets
27.6m
-0.08%
cash
1.9m
-0.22%
net assets
Total assets minus all liabilities
Similar Companies
bassetts (wolseley) limited company details
company number
NI685067
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
January 2022
age
2
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
DELOITTE IRELAND LLP
address
mahon industrial estate, mahon road, portadown, armagh, BT62 3EH
Bank
-
Legal Advisor
-
bassetts (wolseley) 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 4 charges/mortgages relating to bassetts (wolseley) limited. Currently there are 4 open charges and 0 have been satisfied in the past.
bassetts (wolseley) limited Companies House Filings - See Documents
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