western selection limited
western selection limited Company Information
Company Number
00234871
Next Accounts
14 days late
Shareholders
london finance & investment group plc
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
suite 1.01 central court, 25 southampton buildings, london, WC2A 1AL
Website
www.westernselection.co.ukwestern selection limited Estimated Valuation
Pomanda estimates the enterprise value of WESTERN SELECTION LIMITED at £223.3k based on a Turnover of £184k and 1.21x industry multiple (adjusted for size and gross margin).
western selection limited Estimated Valuation
Pomanda estimates the enterprise value of WESTERN SELECTION LIMITED at £2.7m based on an EBITDA of £634k and a 4.19x industry multiple (adjusted for size and gross margin).
western selection limited Estimated Valuation
Pomanda estimates the enterprise value of WESTERN SELECTION LIMITED at £18.9m based on Net Assets of £14.5m and 1.31x industry multiple (adjusted for liquidity).
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Western Selection Limited Overview
Western Selection Limited is a live company located in london, WC2A 1AL with a Companies House number of 00234871. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in November 1928, it's largest shareholder is london finance & investment group plc with a 100% stake. Western Selection Limited is a mature, micro sized company, Pomanda has estimated its turnover at £184k with rapid growth in recent years.
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Western Selection Limited Health Check
Pomanda's financial health check has awarded Western Selection Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
2 Weak
Size
annual sales of £184k, make it smaller than the average company (£4.6m)
£184k - Western Selection Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (3.7%)
49% - Western Selection Limited
3.7% - Industry AVG
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
56.7% - Western Selection Limited
56.7% - Industry AVG
Profitability
an operating margin of 344.6% make it more profitable than the average company (9.8%)
344.6% - Western Selection Limited
9.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
- Western Selection Limited
12 - Industry AVG
Pay Structure
on an average salary of £75.3k, the company has an equivalent pay structure (£75.3k)
- Western Selection Limited
£75.3k - Industry AVG
Efficiency
resulting in sales per employee of £184k, this is equally as efficient (£201.2k)
- Western Selection Limited
£201.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Western Selection Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Western Selection Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Western Selection Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 804 weeks, this is more cash available to meet short term requirements (31 weeks)
804 weeks - Western Selection Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.8%, this is a lower level of debt than the average (68.6%)
0.8% - Western Selection Limited
68.6% - Industry AVG
WESTERN SELECTION LIMITED financials
Western Selection Limited's latest turnover from June 2023 is £184 thousand and the company has net assets of £14.5 million. According to their latest financial statements, we estimate that Western Selection Limited has 1 employee and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 184,000 | 197,000 | 49,000 | 56,000 | 267,000 | 267,000 | 256,000 | 230,000 | 323,000 | 326,000 | 443,000 | 408,000 | 351,000 | 249,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 634,000 | -306,000 | 47,000 | -270,000 | 91,000 | -84,000 | 826,000 | -11,000 | 2,757,000 | 452,000 | 712,000 | 198,000 | 144,000 | 114,000 |
| Interest Payable | 2,000 | 3,000 | 30,000 | 59,000 | 52,000 | 33,000 | 9,000 | 11,000 | 23,000 | 31,000 | 34,000 | 8,000 | ||
| Interest Receivable | 14,000 | 26,000 | 26,000 | 45,000 | 41,000 | 20,000 | 14,000 | |||||||
| Pre-Tax Profit | 624,000 | -422,000 | -103,000 | -180,000 | -2,596,000 | -223,000 | 868,000 | 77,000 | 2,784,000 | 810,000 | -283,000 | -178,000 | 472,000 | 256,000 |
| Tax | -11,000 | -16,000 | -6,000 | -15,000 | -18,000 | -18,000 | -13,000 | -10,000 | -7,000 | -8,000 | -4,000 | -5,000 | ||
| Profit After Tax | 613,000 | -438,000 | -109,000 | -180,000 | -2,611,000 | -241,000 | 850,000 | 64,000 | 2,774,000 | 803,000 | -291,000 | -182,000 | 467,000 | 256,000 |
| Dividends Paid | 404,000 | 395,000 | 198,000 | 188,000 | 189,000 | 359,000 | 314,000 | 296,000 | 117,000 | |||||
| Retained Profit | 613,000 | -438,000 | -109,000 | -180,000 | -3,015,000 | -636,000 | 652,000 | -124,000 | 2,585,000 | 444,000 | -605,000 | -478,000 | 467,000 | 139,000 |
| Employee Costs | 80,000 | 84,000 | 34,000 | 34,000 | ||||||||||
| Number Of Employees | 4 | 4 | 4 | |||||||||||
| EBITDA* | 634,000 | -306,000 | 47,000 | -270,000 | 91,000 | -84,000 | 826,000 | -11,000 | 2,757,000 | 452,000 | 712,000 | 198,000 | 144,000 | 114,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,547,000 | 3,199,000 | 6,777,000 | 5,752,000 | 8,434,000 | 17,571,000 | 18,323,000 | 15,119,000 | 9,690,000 | 19,104,000 | 15,003,000 | 13,629,000 | 15,733,000 | 10,611,000 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 1,547,000 | 3,199,000 | 6,777,000 | 5,752,000 | 8,434,000 | 17,571,000 | 18,131,000 | 14,427,000 | 9,030,000 | 18,444,000 | 15,003,000 | 13,629,000 | 15,733,000 | 10,611,000 |
| Debtors (Due After 1 year) | 192,000 | 692,000 | 660,000 | 660,000 | ||||||||||
| Total Fixed Assets | 1,547,000 | 3,199,000 | 6,777,000 | 5,752,000 | 8,434,000 | 17,571,000 | 18,323,000 | 15,119,000 | 9,690,000 | 19,104,000 | 15,003,000 | 13,629,000 | 15,733,000 | 10,611,000 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 808,000 | 125,000 | ||||||||||||
| Group Debtors | 7,000 | 32,000 | 38,000 | |||||||||||
| Misc Debtors | 30,000 | 27,000 | 18,000 | 27,000 | 15,000 | 8,000 | 47,000 | 24,000 | 24,000 | 22,000 | 71,000 | 7,000 | 37,000 | |
| Cash | 1,856,000 | 1,259,000 | 26,000 | 2,475,000 | 3,093,000 | 35,000 | 78,000 | 112,000 | 3,889,000 | 328,000 | ||||
| misc current assets | 11,208,000 | 5,529,000 | 4,001,000 | |||||||||||
| total current assets | 13,094,000 | 6,815,000 | 4,045,000 | 2,502,000 | 3,115,000 | 843,000 | 118,000 | 197,000 | 3,913,000 | 24,000 | 22,000 | 71,000 | 132,000 | 365,000 |
| total assets | 14,641,000 | 10,014,000 | 10,822,000 | 8,254,000 | 11,549,000 | 18,414,000 | 18,441,000 | 15,316,000 | 13,603,000 | 19,128,000 | 15,025,000 | 13,700,000 | 15,865,000 | 10,976,000 |
| Bank overdraft | 590,000 | 129,000 | 707,000 | 797,000 | ||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 97,000 | |||||||||||||
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 120,000 | 51,000 | 84,000 | 127,000 | 123,000 | 91,000 | 99,000 | 116,000 | 93,000 | 97,000 | 98,000 | 46,000 | 41,000 | |
| total current liabilities | 120,000 | 51,000 | 84,000 | 127,000 | 123,000 | 97,000 | 91,000 | 99,000 | 116,000 | 683,000 | 226,000 | 805,000 | 843,000 | 41,000 |
| loans | 1,400,000 | 975,000 | 2,450,000 | 2,000,000 | ||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 274,000 | |||||||||||||
| total long term liabilities | 700,000 | 975,000 | 1,225,000 | 1,000,000 | 137,000 | |||||||||
| total liabilities | 120,000 | 51,000 | 784,000 | 127,000 | 123,000 | 1,072,000 | 1,316,000 | 1,099,000 | 116,000 | 820,000 | 226,000 | 805,000 | 843,000 | 41,000 |
| net assets | 14,521,000 | 9,963,000 | 10,038,000 | 8,127,000 | 11,426,000 | 17,342,000 | 17,125,000 | 14,217,000 | 13,487,000 | 18,308,000 | 14,799,000 | 12,895,000 | 15,022,000 | 10,935,000 |
| total shareholders funds | 14,521,000 | 9,963,000 | 10,038,000 | 8,127,000 | 11,426,000 | 17,342,000 | 17,125,000 | 14,217,000 | 13,487,000 | 18,308,000 | 14,799,000 | 12,895,000 | 15,022,000 | 10,935,000 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 634,000 | -306,000 | 47,000 | -270,000 | 91,000 | -84,000 | 826,000 | -11,000 | 2,757,000 | 452,000 | 712,000 | 198,000 | 144,000 | 114,000 |
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | -11,000 | -16,000 | -6,000 | -15,000 | -18,000 | -18,000 | -13,000 | -10,000 | -7,000 | -8,000 | -4,000 | -5,000 | ||
| Stock | ||||||||||||||
| Debtors | 3,000 | 9,000 | -9,000 | 5,000 | -786,000 | 576,000 | -545,000 | 93,000 | 662,000 | -49,000 | -61,000 | 95,000 | 37,000 | |
| Creditors | -97,000 | 97,000 | ||||||||||||
| Accruals and Deferred Income | 69,000 | -33,000 | -43,000 | 4,000 | 123,000 | -91,000 | -8,000 | -17,000 | 23,000 | -4,000 | -1,000 | 52,000 | 5,000 | 41,000 |
| Deferred Taxes & Provisions | -274,000 | 274,000 | ||||||||||||
| Cash flow from operations | 689,000 | -364,000 | 7,000 | -271,000 | 888,000 | -672,000 | 1,345,000 | -134,000 | 2,496,000 | 53,000 | 752,000 | 307,000 | 49,000 | 118,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -1,652,000 | -3,578,000 | 1,025,000 | -2,682,000 | -9,137,000 | -560,000 | 3,704,000 | 5,397,000 | -9,414,000 | 3,441,000 | 1,374,000 | -2,104,000 | 5,122,000 | 10,611,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -1,400,000 | 1,400,000 | -975,000 | -1,475,000 | 450,000 | 2,000,000 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -2,000 | -3,000 | -30,000 | -45,000 | -26,000 | -7,000 | 36,000 | 30,000 | -3,000 | -31,000 | -34,000 | -8,000 | 14,000 | |
| cash flow from financing | 3,945,000 | -1,039,000 | 3,417,000 | -3,149,000 | -3,921,000 | -648,000 | 2,699,000 | 2,890,000 | -7,376,000 | 3,062,000 | 2,478,000 | -1,683,000 | 3,612,000 | 10,810,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 597,000 | 1,233,000 | -2,449,000 | -618,000 | 3,058,000 | -43,000 | -34,000 | -3,777,000 | 3,889,000 | -328,000 | 328,000 | |||
| overdraft | -590,000 | 461,000 | -578,000 | -90,000 | 797,000 | |||||||||
| change in cash | 597,000 | 1,233,000 | -2,449,000 | -618,000 | 3,058,000 | -43,000 | -34,000 | -3,777,000 | 4,479,000 | -461,000 | 578,000 | 90,000 | -1,125,000 | 328,000 |
western selection limited Credit Report and Business Information
Western Selection Limited Competitor Analysis
Perform a competitor analysis for western selection limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in WC2A area or any other competitors across 12 key performance metrics.
western selection limited Ownership
WESTERN SELECTION LIMITED group structure
Western Selection Limited has no subsidiary companies.
Ultimate parent company
1 parent
WESTERN SELECTION LIMITED
00234871
western selection limited directors
Western Selection Limited currently has 2 directors. The longest serving directors include Mr Edward Beale (Oct 2008) and Mr Warwick Marshall (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Beale | 64 years | Oct 2008 | - | Director | |
| Mr Warwick Marshall | United Kingdom | 55 years | Feb 2024 | - | Director |
P&L
June 2023turnover
184k
-7%
operating profit
634k
-307%
gross margin
56.7%
-2.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
14.5m
+0.46%
total assets
14.6m
+0.46%
cash
1.9m
+0.47%
net assets
Total assets minus all liabilities
western selection limited company details
company number
00234871
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
November 1928
age
97
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
western selection p.l.c. (February 2024)
western selection and development p l c (May 1982)
accountant
-
auditor
GERALD EDELMAN LLP
address
suite 1.01 central court, 25 southampton buildings, london, WC2A 1AL
Bank
BANK OF SCOTLAND
Legal Advisor
-
western selection 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 5 charges/mortgages relating to western selection limited. Currently there are 1 open charges and 4 have been satisfied in the past.
western selection limited 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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western selection limited Companies House Filings - See Documents
| date | description | view/download |
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