Watters Electrical Limited

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watters electrical limited Company Information

Live

EstablishedMidHealthy

Company Number

NI073527

Website

www.watterselectrical.co.uk

Registered Address

169 concession road, crossmaglen, newry, BT35 9JE

Industry

Retail sale of electrical household appliances in specialised stores

Telephone

02830868296

Next Accounts Due

December 2024

Group Structure

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Directors

Seamus Watters14 Years

Shareholders

seamus watters 100%

watters electrical limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of WATTERS ELECTRICAL LIMITED at £3.7m based on Net Assets of £1.5m and 2.5x industry multiple (adjusted for liquidity).

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Watters Electrical Limited is a live company located in newry, BT35 9JE with a Companies House number of NI073527. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in August 2009, it's largest shareholder is seamus watters with a 100% stake. Watters Electrical Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Watters Electrical Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £5.8m, make it smaller than the average company (£14.3m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WATTERS ELECTRICAL LIMITED group structure

Watters Electrical Limited has no subsidiary companies.

Ultimate parent company

WATTERS ELECTRICAL LIMITED

NI073527

WATTERS ELECTRICAL LIMITED Shareholders

seamus watters

100%

Watters Electrical Limited currently has 1 director, Mr Seamus Watters serving since Aug 2009.

officer	country	age	start	end	role
Mr Seamus Watters		72 years	Aug 2009	-	Director

EXPORT

Watters Electrical Limited's latest turnover from March 2023 is estimated at £5.8 million and the company has net assets of £1.5 million. According to their latest financial statements, Watters Electrical Limited has 25 employees and maintains cash reserves of £456.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	5,763,017	5,848,145	5,252,076	4,280,237	4,112,934	4,173,958	3,489,491	3,339,303	4,567,521	3,221,417	6,433,301	3,092,434	4,097,207
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,221,360	4,252,627	3,804,540	3,070,976	2,839,585	2,951,196	2,325,210	2,360,474	3,272,588	2,280,983	4,532,106	2,168,652	2,817,978
Gross Profit	1,541,657	1,595,518	1,447,536	1,209,261	1,273,349	1,222,762	1,164,281	978,829	1,294,933	940,433	1,901,195	923,781	1,279,228
Admin Expenses	1,336,932	1,437,957	1,233,438	968,437	1,109,998	1,050,254	945,671	948,850	1,249,801	910,613	1,789,380	810,883	1,042,188
Operating Profit	204,725	157,561	214,098	240,824	163,351	172,508	218,610	29,979	45,132	29,820	111,815	112,898	237,040
Interest Payable	5,809	3,826	761	4,067	6,736	5,554	8,137	5,873	4,552	9,601	12,031	7,066	84
Interest Receivable	11,256	1,416	316	271	1,437	729	294	649	718	346	0	0	0
Pre-Tax Profit	210,172	155,152	213,653	237,028	158,052	167,684	210,766	24,755	41,297	20,565	99,784	105,832	236,956
Tax	-39,933	-29,479	-40,594	-45,035	-30,030	-31,860	-42,153	-4,951	-8,672	-4,730	-23,948	-27,516	-66,348
Profit After Tax	170,239	125,673	173,059	191,993	128,022	135,824	168,613	19,804	32,625	15,835	75,836	78,316	170,608
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	170,239	125,673	173,059	191,993	128,022	135,824	168,613	19,804	32,625	15,835	75,836	78,316	170,608
Employee Costs	732,323	687,015	665,031	627,494	567,348	638,267	652,454	475,732	634,581	442,198	947,893	474,821	571,277
Number Of Employees	25	25	25	25	24	27	26	20	29	23	47	22	27
EBITDA*	239,048	191,075	243,816	258,624	177,569	191,466	229,671	40,368	58,985	39,804	120,067	123,900	245,239

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	99,368	100,541	89,155	63,149	42,655	56,873	33,181	31,168	41,557	0	24,756	33,008	24,595
Intangible Assets	0	0	0	0	0	0	0	0	0	29,952	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	99,368	100,541	89,155	63,149	42,655	56,873	33,181	31,168	41,557	29,952	24,756	33,008	24,595
Stock & work in progress	1,773,422	1,879,558	1,475,000	1,223,000	1,242,070	1,231,250	1,167,240	1,152,410	937,230	770,720	730,327	595,182	408,674
Trade Debtors	0	0	0	0	0	0	0	0	0	0	330,014	129,401	202,560
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	85,994	59,481	0	23,419	2,541	0	0	0	0	0	0	0
Cash	456,591	73,090	304,633	326,821	215,069	168,069	123,704	111,096	148,624	138,428	0	0	0
misc current assets	22,446	0	155	0	0	0	0	0	0	0	0	0	0
total current assets	2,252,459	2,038,642	1,839,269	1,549,821	1,480,558	1,401,860	1,290,944	1,263,506	1,085,854	909,148	1,060,341	724,583	611,234
total assets	2,351,827	2,139,183	1,928,424	1,612,970	1,523,213	1,458,733	1,324,125	1,294,674	1,127,411	939,100	1,085,097	757,591	635,829
Bank overdraft	0	113,355	0	24,938	108,392	91,204	79,683	180,715	0	140,055	155,370	214,808	2,593
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	745,442	640,688	654,398	438,184	461,857	450,740	394,476	379,135	754,189	458,448	604,965	293,857	462,626
Group/Directors Accounts	0	0	0	0	0	0	0	287,746	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	119,936	68,930	83,489	132,370	127,479	219,326	288,327	54,052	0	0	0	0	0
total current liabilities	865,378	822,973	737,887	595,492	697,728	761,270	762,486	901,648	754,189	598,503	760,335	508,665	465,219
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	865,378	822,973	737,887	595,492	697,728	761,270	762,486	901,648	754,189	598,503	760,335	508,665	465,219
net assets	1,486,449	1,316,210	1,190,537	1,017,478	825,485	697,463	561,639	393,026	373,222	340,597	324,762	248,926	170,610
total shareholders funds	1,486,449	1,316,210	1,190,537	1,017,478	825,485	697,463	561,639	393,026	373,222	340,597	324,762	248,926	170,610

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	204,725	157,561	214,098	240,824	163,351	172,508	218,610	29,979	45,132	29,820	111,815	112,898	237,040	0
Depreciation	34,323	33,514	29,718	17,800	14,218	18,958	11,061	10,389	0	9,984	8,252	11,002	8,199	0
Amortisation	0	0	0	0	0	0	0	0	13,853	0	0	0	0	0
Tax	-39,933	-29,479	-40,594	-45,035	-30,030	-31,860	-42,153	-4,951	-8,672	-4,730	-23,948	-27,516	-66,348	0
Stock	-106,136	404,558	252,000	-19,070	10,820	64,010	14,830	215,180	166,510	40,393	135,145	186,508	408,674	0
Debtors	-85,994	26,513	59,481	-23,419	20,878	2,541	0	0	0	-330,014	200,613	-73,159	202,560	0
Creditors	104,754	-13,710	216,214	-23,673	11,117	56,264	15,341	-375,054	295,741	-146,517	311,108	-168,769	462,626	0
Accruals and Deferred Income	51,006	-14,559	-48,881	4,891	-91,847	-69,001	234,275	54,052	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	547,005	-297,744	59,074	237,296	35,111	80,318	422,304	-500,765	179,544	178,178	71,469	-185,734	30,283	0
Investing Activities
capital expenditure	-33,150	-44,900	-55,724	-38,294	0	-42,650	-13,074	0	-25,458	-15,180	0	-19,415	-32,794	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-33,150	-44,900	-55,724	-38,294	0	-42,650	-13,074	0	-25,458	-15,180	0	-19,415	-32,794	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-287,746	287,746	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	2	0
interest	5,447	-2,410	-445	-3,796	-5,299	-4,825	-7,843	-5,224	-3,834	-9,255	-12,031	-7,066	-84	0
cash flow from financing	5,447	-2,410	-445	-3,796	-5,299	-4,825	-295,589	282,522	-3,834	-9,255	-12,031	-7,066	-82	0
cash and cash equivalents
cash	383,501	-231,543	-22,188	111,752	47,000	44,365	12,608	-37,528	10,196	138,428	0	0	0	0
overdraft	-113,355	113,355	-24,938	-83,454	17,188	11,521	-101,032	180,715	-140,055	-15,315	-59,438	212,215	2,593	0
change in cash	496,856	-344,898	2,750	195,206	29,812	32,844	113,640	-218,243	150,251	153,743	59,438	-212,215	-2,593	0

P&L

March 2023

turnover

5.8m

-1%

operating profit

204.7k

gross margin

26.8%

-1.95%

turnover

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

Balance Sheet

March 2023

net assets

1.5m

+0.13%

total assets

2.4m

+0.1%

cash

456.6k

+5.25%

net assets

Total assets minus all liabilities

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company number

NI073527

Type

Private limited with Share Capital

industry

47540 - Retail sale of electrical household appliances in specialised stores

incorporation date

August 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

169 concession road, crossmaglen, newry, BT35 9JE

last accounts submitted

March 2023

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.

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