Wedge Property Company Limited(the)

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wedge property company limited(the) Company Information

Live

MatureSmallDeclining

Company Number

00493694

Website

Registered Address

123a station road east, oxted, surrey, RH8 0QE

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

01883714412

Next Accounts Due

June 2025

Group Structure

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Directors

Susan Biggart32 Years

Lise Edwards-Cave32 Years

View All

Shareholders

wedge property (holdings) ltd 100%

wedge property company limited(the) Estimated Valuation

£20.8m

Pomanda estimates the enterprise value of WEDGE PROPERTY COMPANY LIMITED(THE) at £20.8m based on Net Assets of £21m and 0.99x industry multiple (adjusted for liquidity).

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Wedge Property Company Limited(the) is a live company located in surrey, RH8 0QE with a Companies House number of 00493694. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in April 1951, it's largest shareholder is wedge property (holdings) ltd with a 100% stake. Wedge Property Company Limited(the) is a mature, small sized company, Pomanda has estimated its turnover at £543.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Wedge Property Company Limited(The) a 4.5 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

Health Rating4.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £543.2k, make it smaller than the average company (£871.3k)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (2.8%)

EXPORT

Wedge Property Company Limited(The)'s latest turnover from September 2023 is estimated at £543.2 thousand and the company has net assets of £21 million. According to their latest financial statements, Wedge Property Company Limited(The) has 5 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	543,172	538,939	436,821	803,415	435,813	471,457	378,905	355,155	674,433	19,791,008	2,129,585	1,118,151	757,127	1,429,680	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	150,018	155,824	133,948	228,791	132,328	128,364	97,724	92,943	224,053	7,189,132	737,700	380,033	254,369	456,283	0
Gross Profit	393,154	383,115	302,873	574,623	303,486	343,093	281,181	262,212	450,379	12,601,877	1,391,885	738,118	502,757	973,397	0
Admin Expenses	109,008	-2,927,712	59,052	-1,973,784	23,229	83,910	134,165	-58,367	222,447	12,377,549	1,034,692	743,114	258,149	3,694,197	-10,179,367
Operating Profit	284,146	3,310,827	243,821	2,548,407	280,257	259,183	147,016	320,579	227,932	224,328	357,193	-4,996	244,608	-2,720,800	10,179,367
Interest Payable	107,855	185,831	203,918	224,414	270,711	257,536	224,124	248,331	219,404	120,827	38,901	49,287	104,326	117,089	62,049
Interest Receivable	67,562	29,693	2,000	2,118	9,345	5,073	1,695	1,317	1,426	7,968	9,450	6,852	8,363	8,195	4,006
Pre-Tax Profit	243,853	3,154,689	41,904	2,326,111	18,891	6,720	-75,413	73,565	9,954	111,470	327,743	-47,431	148,645	-2,829,694	10,121,324
Tax	-60,963	-599,391	-7,962	-441,961	-3,589	-1,277	0	-14,713	-1,991	-23,409	-75,381	0	-38,648	0	-2,833,971
Profit After Tax	182,890	2,555,298	33,942	1,884,150	15,302	5,443	-75,413	58,852	7,963	88,061	252,362	-47,431	109,997	-2,829,694	7,287,353
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	182,890	2,555,298	33,942	1,884,150	15,302	5,443	-75,413	58,852	7,963	88,061	252,362	-47,431	109,997	-2,829,694	7,287,353
Employee Costs	161,007	182,226	170,652	194,832	200,332	164,225	155,129	157,505	131,905	3,037,127	336,685	195,042	118,264	241,563	0
Number Of Employees	5	6	6	7	7	6	6	6	5	120	14	8	5	10	0
EBITDA*	305,904	3,331,073	261,193	2,576,697	306,806	287,095	183,135	344,760	264,007	270,437	401,277	43,687	294,346	-2,671,355	10,232,900

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	54,661	72,934	41,135	48,410	44,490	66,001	69,587	96,116	61,416	96,841	81,685	21,251,077	20,501,518	19,908,078	23,516,221
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	19,867,439	21,411,926	23,425,930	22,465,529	25,192,650	25,114,536	24,952,500	24,311,500	26,741,350	25,038,836	21,900,000	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	95,000	108,000	0	0	245,000
Total Fixed Assets	19,922,100	21,484,860	23,467,065	22,513,939	25,237,140	25,180,537	25,022,087	24,407,616	26,802,766	25,135,677	22,076,685	21,359,077	20,501,518	19,908,078	23,761,221
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	48,896	49,304	32,983	90,187	20,206	37,808	23,738	15,680	73,001	2,150,554	171,726	76,347	35,755	113,266	202,052
Group Debtors	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	0	0	0	0	0	0
Misc Debtors	2,861,605	2,480,388	2,357,584	2,377,988	2,435,183	2,639,503	2,664,603	2,632,200	2,609,250	0	0	0	0	0	0
Cash	1,360,833	1,341,639	1,297,697	2,702,711	1,533,126	958,991	393,878	961,857	91,756	478,619	2,708,726	1,071,408	1,669,386	1,675,668	1,602,303
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,274,234	3,874,231	3,691,164	5,173,786	3,991,415	3,639,202	3,085,119	3,612,637	2,776,907	2,629,173	2,880,452	1,147,755	1,705,141	1,788,934	1,804,355
total assets	24,196,334	25,359,091	27,158,229	27,687,725	29,228,555	28,819,739	28,107,206	28,020,253	29,579,673	27,764,850	24,957,137	22,506,832	22,206,659	21,697,012	25,565,576
Bank overdraft	286,066	347,397	342,755	338,217	333,780	329,443	265,203	261,058	413,578	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,363	16,961	62,300	35,736	7,069	6,767	27,977	20,630	14,865	838,126	726,632	545,927	556,838	554,089	724,438
Group/Directors Accounts	6,402	6,402	306,402	306,402	1,056,402	6,402	6,402	6,402	6,402	0	0	0	0	0	0
other short term finances	0	0	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	0	0
other current liabilities	896,872	733,752	463,029	755,782	497,513	519,687	486,096	554,467	558,616	0	0	0	0	0	0
total current liabilities	1,192,703	1,104,512	1,174,486	1,436,137	1,894,764	862,299	785,678	842,557	993,461	838,126	726,632	545,927	556,838	554,089	724,438
loans	343,750	983,778	2,831,054	3,173,809	3,512,027	3,845,807	3,190,250	3,455,453	3,816,511	2,520,807	1,196,945	0	1,516,512	1,693,517	1,909,214
hp & lease commitments	0	0	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	0	0
other liabilities	0	0	0	0	0	0	0	0	0	1,052,711	712,269	2,035,733	684,606	669,284	650,612
provisions	1,687,252	1,370,175	1,450,465	1,442,681	1,748,837	1,824,961	1,858,086	1,954,106	2,226,573	0	0	0	0	0	0
total long term liabilities	2,031,002	2,353,953	4,281,519	4,616,490	5,260,864	5,670,768	5,048,336	5,409,559	6,043,084	3,573,518	1,909,214	2,035,733	2,201,118	2,362,801	2,559,826
total liabilities	3,223,705	3,458,465	5,456,005	6,052,627	7,155,628	6,533,067	5,834,014	6,252,116	7,036,545	4,411,644	2,635,846	2,581,660	2,757,956	2,916,890	3,284,264
net assets	20,972,629	21,900,626	21,702,224	21,635,098	22,072,927	22,286,672	22,273,192	21,768,137	22,543,128	23,353,206	22,321,291	19,925,172	19,448,703	18,780,122	22,281,312
total shareholders funds	20,972,629	21,900,626	21,702,224	21,635,098	22,072,927	22,286,672	22,273,192	21,768,137	22,543,128	23,353,206	22,321,291	19,925,172	19,448,703	18,780,122	22,281,312

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	284,146	3,310,827	243,821	2,548,407	280,257	259,183	147,016	320,579	227,932	224,328	357,193	-4,996	244,608	-2,720,800	10,179,367
Depreciation	21,758	20,246	17,372	28,290	26,549	27,912	36,119	24,181	36,075	46,109	44,084	48,683	49,738	49,445	53,533
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-60,963	-599,391	-7,962	-441,961	-3,589	-1,277	0	-14,713	-1,991	-23,409	-75,381	0	-38,648	0	-2,833,971
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	380,809	139,125	-77,608	12,786	-221,922	-11,030	40,461	-34,371	534,597	1,883,828	82,379	148,592	-77,511	-333,786	447,052
Creditors	-13,598	-45,339	26,564	28,667	302	-21,210	7,347	5,765	-823,261	111,494	180,705	-10,911	2,749	-170,349	724,438
Accruals and Deferred Income	163,120	270,723	-292,753	258,269	-22,174	33,591	-68,371	-4,149	558,616	0	0	0	0	0	0
Deferred Taxes & Provisions	317,077	-80,290	7,784	-306,156	-76,124	-33,125	-96,020	-272,467	2,226,573	0	0	0	0	0	0
Cash flow from operations	330,731	2,737,651	72,434	2,102,730	427,143	276,104	-14,370	93,567	1,689,347	-1,525,306	424,222	-115,816	335,958	-2,507,918	7,676,315
Investing Activities
capital expenditure	-3,485	-52,045	-10,097	-32,210	-5,038	-24,326	-9,590	-58,881	-650	-61,265	21,125,308	-798,242	-643,178	3,558,698	-23,569,754
Change in Investments	-1,544,487	-2,014,004	960,401	-2,727,121	78,114	162,036	641,000	-2,429,850	1,702,514	3,138,836	21,900,000	0	0	0	0
cash flow from investments	1,541,002	1,961,959	-970,498	2,694,911	-83,152	-186,362	-650,590	2,370,969	-1,703,164	-3,200,101	-774,692	-798,242	-643,178	3,558,698	-23,569,754
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-300,000	0	-750,000	1,050,000	0	0	0	6,402	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-640,028	-1,847,276	-342,755	-338,218	-333,780	655,557	-265,203	-361,058	1,295,704	1,323,862	1,196,945	-1,516,512	-177,005	-215,697	1,909,214
Hire Purchase and Lease Commitments	0	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	-1,052,711	340,442	-1,323,464	1,351,127	15,322	18,672	650,612
share issue	-1,110,887	-2,356,896	33,184	-2,321,979	-229,047	8,037	580,468	-833,843	-818,041	943,854	2,143,757	523,900	558,584	-671,496	14,993,959
interest	-40,293	-156,138	-201,918	-222,296	-261,366	-252,463	-222,429	-247,014	-217,978	-112,859	-29,451	-42,435	-95,963	-108,894	-58,043
cash flow from financing	-1,791,208	-4,660,310	-511,489	-3,632,493	225,807	411,131	92,836	-1,441,915	-786,624	2,495,299	1,987,787	316,080	300,938	-977,415	17,495,742
cash and cash equivalents
cash	19,194	43,942	-1,405,014	1,169,585	574,135	565,113	-567,979	870,101	-386,863	-2,230,107	1,637,318	-597,978	-6,282	73,365	1,602,303
overdraft	-61,331	4,642	4,538	4,437	4,337	64,240	4,145	-152,520	413,578	0	0	0	0	0	0
change in cash	80,525	39,300	-1,409,552	1,165,148	569,798	500,873	-572,124	1,022,621	-800,441	-2,230,107	1,637,318	-597,978	-6,282	73,365	1,602,303

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WEDGE PROPERTY COMPANY LIMITED(THE) group structure

Wedge Property Company Limited(The) has no subsidiary companies.

Ultimate parent company

WEDGE PROPERTY (INVESTMENTS) LTD

05941769

WEDGE PROPERTY (HOLDINGS) LTD

05039378

2 parents

WEDGE PROPERTY COMPANY LIMITED(THE)

00493694

WEDGE PROPERTY COMPANY LIMITED(THE) Shareholders

wedge property (holdings) ltd

100%

Wedge Property Company Limited(The) currently has 4 directors. The longest serving directors include Ms Susan Biggart (Sep 1992) and Mrs Lise Edwards-Cave (Sep 1992).

officer	country	age	start	end	role
Ms Susan Biggart	England	60 years	Sep 1992	-	Director
Mrs Lise Edwards-Cave	England	57 years	Sep 1992	-	Director
Mr Simon Biggart		60 years	Jul 1993	-	Director
Mr Nicolas Stockbridge		73 years	Mar 2008	-	Director

P&L

September 2023

turnover

543.2k

+1%

operating profit

284.1k

gross margin

72.4%

+1.82%

turnover

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

Balance Sheet

September 2023

net assets

21m

-0.04%

total assets

24.2m

-0.05%

cash

1.4m

+0.01%

net assets

Total assets minus all liabilities

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company number

00493694

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

April 1951

accounts

Total Exemption Full

ultimate parent company

WEDGE PROPERTY (INVESTMENTS) LTD

previous names

N/A

last accounts submitted

September 2023

address

123a station road east, oxted, surrey, RH8 0QE

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 9 charges/mortgages relating to wedge property company limited(the). Currently there are 4 open charges and 5 have been satisfied in the past.

wedge property company limited(the) Company Information

wedge property company limited(the) Estimated Valuation

wedge property company limited(the) Estimated Valuation

wedge property company limited(the) Estimated Valuation

Wedge Property Company Limited(the) Overview

Wedge Property Company Limited(the) Health Check

WEDGE PROPERTY COMPANY LIMITED(THE) financials

wedge property company limited(the) Credit Report and Business Information

Wedge Property Company Limited(the) Competitor Analysis

wedge property company limited(the) Ownership

wedge property company limited(the) directors

wedge property company limited(the) company details

wedge property company limited(the) Charges & Mortgages

wedge property company limited(the) Companies House Filings - See Documents