wec machining ltd
wec machining ltd Company Information
Company Number
00353015
Next Accounts
Sep 2025
Shareholders
wec group holdings limited
Group Structure
View All
Industry
Machining
Registered Address
britannia house junction street, darwen, lancashire, BB3 2RB
Website
www.wec-group.comwec machining ltd Estimated Valuation
Pomanda estimates the enterprise value of WEC MACHINING LTD at £1.7m based on a Turnover of £4.1m and 0.43x industry multiple (adjusted for size and gross margin).
wec machining ltd Estimated Valuation
Pomanda estimates the enterprise value of WEC MACHINING LTD at £1.3m based on an EBITDA of £393.3k and a 3.38x industry multiple (adjusted for size and gross margin).
wec machining ltd Estimated Valuation
Pomanda estimates the enterprise value of WEC MACHINING LTD at £504.8k based on Net Assets of £300k and 1.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Wec Machining Ltd Overview
Wec Machining Ltd is a live company located in lancashire, BB3 2RB with a Companies House number of 00353015. It operates in the machining sector, SIC Code 25620. Founded in May 1939, it's largest shareholder is wec group holdings limited with a 100% stake. Wec Machining Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Wec Machining Ltd Health Check
Pomanda's financial health check has awarded Wec Machining Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £4.1m, make it smaller than the average company (£10.9m)
- Wec Machining Ltd
£10.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.7%)
- Wec Machining Ltd
4.7% - Industry AVG
Production
with a gross margin of 28%, this company has a comparable cost of product (28%)
- Wec Machining Ltd
28% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (6.2%)
- Wec Machining Ltd
6.2% - Industry AVG
Employees
with 52 employees, this is below the industry average (81)
52 - Wec Machining Ltd
81 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has an equivalent pay structure (£45.8k)
- Wec Machining Ltd
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £78.3k, this is less efficient (£149k)
- Wec Machining Ltd
£149k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (64 days)
- Wec Machining Ltd
64 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (46 days)
- Wec Machining Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (70 days)
- Wec Machining Ltd
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (12 weeks)
7 weeks - Wec Machining Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.9%, this is a higher level of debt than the average (46.8%)
91.9% - Wec Machining Ltd
46.8% - Industry AVG
WEC MACHINING LTD financials
Wec Machining Ltd's latest turnover from December 2023 is estimated at £4.1 million and the company has net assets of £300 thousand. According to their latest financial statements, Wec Machining Ltd has 52 employees and maintains cash reserves of £462.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 52 | 50 | 44 | 48 | 47 | 50 | 49 | 2 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,491,378 | 160,565 | 41,528 | 46,276 | 99,112 | 58,369 | 38,809 | 135,035 | 306,392 | 338,816 | 366,407 | ||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,491,378 | 160,565 | 41,528 | 46,276 | 99,112 | 58,369 | 38,809 | 135,035 | 306,392 | 338,816 | 366,407 | ||||
| Stock & work in progress | 201,002 | 217,733 | 314,205 | 311,736 | 347,930 | 295,808 | 349,619 | 96,809 | 78,052 | 102,460 | 166,700 | ||||
| Trade Debtors | 868,064 | 1,263,719 | 796,571 | 688,081 | 744,372 | 786,427 | 784,810 | 2,000 | 1,959 | 158,492 | 1,187,651 | 1,006,399 | 795,513 | 530,481 | 241,631 |
| Group Debtors | 546,609 | 331,210 | 455,244 | 311,971 | 289,650 | 452,014 | 68,931 | ||||||||
| Misc Debtors | 117,847 | 9,294 | 14,239 | 16,422 | 6,400 | 3,350 | 9,138 | ||||||||
| Cash | 462,455 | 57,522 | 137,990 | 103,816 | 173,488 | 140,808 | 95,440 | 1,967 | 13,685 | 80,764 | 41,727 | 220,490 | 341,353 | ||
| misc current assets | |||||||||||||||
| total current assets | 2,195,977 | 1,879,478 | 1,718,249 | 1,432,026 | 1,561,840 | 1,678,407 | 1,307,938 | 2,000 | 1,959 | 160,459 | 1,201,336 | 1,183,972 | 915,292 | 853,431 | 749,684 |
| total assets | 3,687,355 | 2,040,043 | 1,759,777 | 1,478,302 | 1,660,952 | 1,736,776 | 1,346,747 | 2,000 | 1,959 | 160,459 | 1,201,336 | 1,319,007 | 1,221,684 | 1,192,247 | 1,116,091 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 67,539 | 93,041 | 41,782 | 61,462 | 62,081 | 51,956 | 10,334 | 500 | 63,663 | 198,694 | 180,471 | 210,632 | 182,294 | ||
| Group/Directors Accounts | 1,946,018 | 1,319,934 | 2,178,031 | 1,973,273 | 2,109,763 | 1,833,588 | 1,507,767 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,015,041 | 587,375 | 307,653 | 406,271 | 243,722 | 369,713 | 193,193 | ||||||||
| total current liabilities | 3,028,598 | 2,000,350 | 2,527,466 | 2,441,006 | 2,415,566 | 2,255,257 | 1,711,294 | 500 | 63,663 | 198,694 | 180,471 | 210,632 | 182,294 | ||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 358,789 | 26,017 | 24,000 | 23,500 | 30,733 | 66,070 | |||||||||
| total long term liabilities | 358,789 | 26,017 | 24,000 | 23,500 | 30,733 | 66,070 | |||||||||
| total liabilities | 3,387,387 | 2,026,367 | 2,527,466 | 2,441,006 | 2,415,566 | 2,255,257 | 1,711,294 | 500 | 63,663 | 222,694 | 203,971 | 241,365 | 248,364 | ||
| net assets | 299,968 | 13,676 | -767,689 | -962,704 | -754,614 | -518,481 | -364,547 | 2,000 | 1,959 | 159,959 | 1,137,673 | 1,096,313 | 1,017,713 | 950,882 | 867,727 |
| total shareholders funds | 299,968 | 13,676 | -767,689 | -962,704 | -754,614 | -518,481 | -364,547 | 2,000 | 1,959 | 159,959 | 1,137,673 | 1,096,313 | 1,017,713 | 950,882 | 867,727 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 25,178 | 12,804 | 11,550 | 52,836 | 20,113 | 8,963 | 20,381 | 27,281 | 32,398 | 27,591 | 41,427 | ||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -16,731 | -96,472 | 2,469 | -36,194 | 52,122 | -53,811 | 349,619 | -96,809 | 18,757 | -24,408 | 102,460 | 166,700 | |||
| Debtors | -71,703 | 338,169 | 249,580 | -23,948 | -201,369 | 378,912 | 860,879 | 41 | -156,533 | -1,029,159 | 181,252 | 210,886 | 265,032 | 530,481 | 241,631 |
| Creditors | -25,502 | 51,259 | -19,680 | -619 | 10,125 | 41,622 | 10,334 | -500 | -63,163 | -135,031 | 18,223 | -30,161 | 210,632 | 182,294 | |
| Accruals and Deferred Income | 427,666 | 279,722 | -98,618 | 162,549 | -125,991 | 176,520 | 193,193 | ||||||||
| Deferred Taxes & Provisions | 332,772 | 26,017 | -24,000 | 500 | -7,233 | 30,733 | 66,070 | ||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 626,084 | -858,097 | 204,758 | -136,490 | 276,175 | 325,821 | 1,507,767 | ||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 404,933 | -80,468 | 34,174 | -69,672 | 32,680 | 45,368 | 95,440 | -1,967 | -11,718 | -67,079 | 39,037 | -178,763 | 220,490 | 341,353 | |
| overdraft | |||||||||||||||
| change in cash | 404,933 | -80,468 | 34,174 | -69,672 | 32,680 | 45,368 | 95,440 | -1,967 | -11,718 | -67,079 | 39,037 | -178,763 | 220,490 | 341,353 |
wec machining ltd Credit Report and Business Information
Wec Machining Ltd Competitor Analysis
Perform a competitor analysis for wec machining ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BB3 area or any other competitors across 12 key performance metrics.
wec machining ltd Ownership
WEC MACHINING LTD group structure
Wec Machining Ltd has no subsidiary companies.
Ultimate parent company
BRITANNIA METALS HOLDINGS LTD
#0041801
2 parents
WEC MACHINING LTD
00353015
wec machining ltd directors
Wec Machining Ltd currently has 2 directors. The longest serving directors include Mr James Hartley (Apr 2010) and Mr Wayne Tierney (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Hartley | 69 years | Apr 2010 | - | Director | |
| Mr Wayne Tierney | England | 62 years | May 2018 | - | Director |
P&L
December 2023turnover
4.1m
-12%
operating profit
368.1k
0%
gross margin
28.1%
+3.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
300k
+20.93%
total assets
3.7m
+0.81%
cash
462.5k
+7.04%
net assets
Total assets minus all liabilities
wec machining ltd company details
company number
00353015
Type
Private limited with Share Capital
industry
25620 - Machining
incorporation date
May 1939
age
86
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
nutter aircrafts,limited (November 2016)
accountant
PM & M SOLUTIONS FOR BUSINESS LLP
auditor
-
address
britannia house junction street, darwen, lancashire, BB3 2RB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
wec machining 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 5 charges/mortgages relating to wec machining ltd. Currently there are 0 open charges and 5 have been satisfied in the past.
wec machining 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 WEC MACHINING LTD. This can take several minutes, an email will notify you when this has completed.
wec machining ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
