west pharmaceutical services cornwall limited

west pharmaceutical services cornwall limited Company Information

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Company Number

00930319

Industry

Manufacture of basic pharmaceutical products

 

Shareholders

west pharmaceutical services group ltd

Group Structure

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Contact

Registered Address

c/o corporation service company, 5 churchill place, 10th floor, london, E14 5HU

west pharmaceutical services cornwall limited Estimated Valuation

£112.8m

Pomanda estimates the enterprise value of WEST PHARMACEUTICAL SERVICES CORNWALL LIMITED at £112.8m based on a Turnover of £53.6m and 2.11x industry multiple (adjusted for size and gross margin).

west pharmaceutical services cornwall limited Estimated Valuation

£61.2m

Pomanda estimates the enterprise value of WEST PHARMACEUTICAL SERVICES CORNWALL LIMITED at £61.2m based on an EBITDA of £7.2m and a 8.5x industry multiple (adjusted for size and gross margin).

west pharmaceutical services cornwall limited Estimated Valuation

£62.1m

Pomanda estimates the enterprise value of WEST PHARMACEUTICAL SERVICES CORNWALL LIMITED at £62.1m based on Net Assets of £32.8m and 1.89x industry multiple (adjusted for liquidity).

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West Pharmaceutical Services Cornwall Limited Overview

West Pharmaceutical Services Cornwall Limited is a live company located in london, E14 5HU with a Companies House number of 00930319. It operates in the manufacture of basic pharmaceutical products sector, SIC Code 21100. Founded in April 1968, it's largest shareholder is west pharmaceutical services group ltd with a 100% stake. West Pharmaceutical Services Cornwall Limited is a mature, large sized company, Pomanda has estimated its turnover at £53.6m with healthy growth in recent years.

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West Pharmaceutical Services Cornwall Limited Health Check

Pomanda's financial health check has awarded West Pharmaceutical Services Cornwall Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

9 Strong

positive_score

0 Regular

positive_score

3 Weak

size

Size

annual sales of £53.6m, make it larger than the average company (£37.1m)

£53.6m - West Pharmaceutical Services Cornwall Limited

£37.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.4%)

8% - West Pharmaceutical Services Cornwall Limited

5.4% - Industry AVG

production

Production

with a gross margin of 15.7%, this company has a higher cost of product (38.8%)

15.7% - West Pharmaceutical Services Cornwall Limited

38.8% - Industry AVG

profitability

Profitability

an operating margin of 11.2% make it more profitable than the average company (6.9%)

11.2% - West Pharmaceutical Services Cornwall Limited

6.9% - Industry AVG

employees

Employees

with 208 employees, this is above the industry average (108)

208 - West Pharmaceutical Services Cornwall Limited

108 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.8k, the company has a lower pay structure (£67.7k)

£46.8k - West Pharmaceutical Services Cornwall Limited

£67.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £257.5k, this is less efficient (£454k)

£257.5k - West Pharmaceutical Services Cornwall Limited

£454k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 30 days, this is earlier than average (56 days)

30 days - West Pharmaceutical Services Cornwall Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is quicker than average (34 days)

16 days - West Pharmaceutical Services Cornwall Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 25 days, this is less than average (104 days)

25 days - West Pharmaceutical Services Cornwall Limited

104 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 122 weeks, this is more cash available to meet short term requirements (10 weeks)

122 weeks - West Pharmaceutical Services Cornwall Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.6%, this is a lower level of debt than the average (44.6%)

21.6% - West Pharmaceutical Services Cornwall Limited

44.6% - Industry AVG

WEST PHARMACEUTICAL SERVICES CORNWALL LIMITED financials

EXPORTms excel logo

West Pharmaceutical Services Cornwall Limited's latest turnover from December 2023 is £53.6 million and the company has net assets of £32.8 million. According to their latest financial statements, West Pharmaceutical Services Cornwall Limited has 208 employees and maintains cash reserves of £19.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover53,566,00054,924,00051,456,00042,051,00056,233,00047,606,00046,333,00039,914,00029,987,00024,844,00029,690,00034,596,00033,223,00039,025,00038,633,000
Other Income Or Grants000000000000000
Cost Of Sales45,161,00043,976,00042,699,00037,733,00052,937,00043,056,00040,366,00036,428,00026,615,00022,588,00025,838,00030,210,00028,340,00035,038,00033,844,000
Gross Profit8,405,00010,948,0008,757,0004,318,0003,296,0004,550,0005,967,0003,486,0003,372,0002,256,0003,852,0004,386,0004,883,0003,987,0004,789,000
Admin Expenses2,411,0004,603,0002,784,0001,800,0001,460,0001,856,0002,484,0002,394,0002,658,0001,648,00010,322,0002,534,0002,511,0002,624,0002,072,000
Operating Profit5,994,0006,345,0005,973,0002,518,0001,836,0002,694,0003,483,0001,092,000714,000608,000-6,470,0001,852,0002,372,0001,363,0002,717,000
Interest Payable30,00032,000103,000117,000165,00035,00033,000124,00016,00033,00070,00027,00031,00022,00065,000
Interest Receivable546,00049,0002,00023,00052,00075,000106,000121,000134,000148,000169,000160,00096,0002,0009,000
Pre-Tax Profit6,510,0006,362,0005,872,0002,424,0001,723,0003,313,0003,531,0001,293,000899,000-228,000-7,266,00036,0001,763,000-441,0002,661,000
Tax-746,000-887,000-748,000-928,000-671,000-566,000-604,000-441,000-763,000-21,000806,000-787,000-638,000-243,000-1,204,000
Profit After Tax5,764,0005,475,0005,124,0001,496,0001,052,0002,747,0002,927,000852,000136,000-249,000-6,460,000-751,0001,125,000-684,0001,457,000
Dividends Paid00000000003,000,00003,600,00000
Retained Profit5,764,0005,475,0005,124,0001,496,0001,052,0002,747,0002,927,000852,000136,000-249,000-9,460,000-751,000-2,475,000-684,0001,457,000
Employee Costs9,737,0009,967,0008,631,00012,423,4126,625,0006,190,0006,212,0006,089,0005,550,0005,534,00014,745,0009,968,00010,698,00011,359,00010,356,000
Number Of Employees208215186187169161159157153154168313361416403
EBITDA*7,208,0007,281,0006,874,0003,400,0002,646,0003,557,0004,202,0001,830,0001,592,0001,607,000-5,604,0002,947,0004,663,0003,672,0004,896,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets11,405,00010,066,0008,253,0007,913,0006,579,0006,440,0006,887,0006,371,0006,093,0006,143,0006,318,0007,056,0009,700,00014,170,00015,588,000
Intangible Assets0000000000000054,000
Investments & Other000000000000000
Debtors (Due After 1 year)00000526,000995,0001,639,0001,914,0002,041,0002,436,0002,828,0002,296,00000
Total Fixed Assets11,405,00010,066,0008,253,0007,913,0006,579,0006,966,0007,882,0008,010,0008,007,0008,184,0008,754,0009,884,00011,996,00014,170,00015,642,000
Stock & work in progress3,142,0003,070,0001,520,0002,326,0001,576,0002,754,0001,609,0001,812,0001,962,0001,461,0001,521,0003,946,0002,729,0002,772,0002,982,000
Trade Debtors4,491,0005,364,0004,958,0003,989,0005,328,0005,344,0005,658,0004,279,0004,149,0003,001,0002,924,0003,730,0003,573,0004,010,0003,434,000
Group Debtors3,259,000884,0003,870,0000897,0001,305,000382,0001,256,0001,294,0001,272,000805,0001,320,0001,806,0001,396,0001,267,000
Misc Debtors402,000485,000983,0005,354,0003,491,000621,000819,000868,000739,000702,0001,274,000588,000469,000376,000405,000
Cash19,192,00019,963,00012,877,0006,286,0009,884,0008,857,0007,713,0002,750,000498,0001,439,0001,137,0001,844,0002,032,0003,777,0005,357,000
misc current assets000002,893,0003,430,0004,410,0004,018,0004,900,0004,792,0003,944,0004,085,0003,657,0003,211,000
total current assets30,486,00029,766,00024,208,00017,955,00021,176,00021,774,00019,611,00015,375,00012,660,00012,775,00012,453,00015,372,00014,694,00015,988,00016,656,000
total assets41,891,00039,832,00032,461,00025,868,00027,755,00028,740,00027,493,00023,385,00020,667,00020,959,00021,207,00025,256,00026,690,00030,158,00032,298,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 2,008,0001,368,0001,051,0001,101,0001,251,0001,018,000842,000570,000690,000842,000799,0001,108,0001,690,0001,451,0001,881,000
Group/Directors Accounts2,842,0003,754,0004,919,00003,612,0005,437,0005,919,0003,540,0001,918,0002,040,0002,729,0001,642,0001,394,0001,698,0004,863,000
other short term finances049,0000000000000000
hp & lease commitments000000000000000
other current liabilities3,283,0007,262,0004,793,0003,920,0002,025,0001,346,0001,621,0001,768,0001,501,0001,491,0001,011,0001,696,0001,953,0002,834,0002,479,000
total current liabilities8,133,00012,433,00010,763,0005,021,0006,888,0007,801,0008,382,0005,878,0004,109,0004,373,0004,539,0004,446,0005,037,0005,983,0009,223,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000005,686,0007,043,00010,177,0006,227,0007,507,0007,085,0000000
provisions921,000326,000100,0006,778,0006,510,0000000001,645,0001,737,0001,784,0000
total long term liabilities921,000326,000100,0006,778,0006,510,0005,686,0007,043,00010,177,0006,227,0007,507,0007,085,0001,645,0001,737,0001,784,0000
total liabilities9,054,00012,759,00010,863,00011,799,00013,398,00013,487,00015,425,00016,055,00010,336,00011,880,00011,624,0006,091,0006,774,0007,767,0009,223,000
net assets32,837,00027,073,00021,598,00014,069,00014,357,00015,253,00012,068,0007,330,00010,331,0009,079,0009,583,00019,165,00019,916,00022,391,00023,075,000
total shareholders funds32,837,00027,073,00021,598,00014,069,00014,357,00015,253,00012,068,0007,330,00010,331,0009,079,0009,583,00019,165,00019,916,00022,391,00023,075,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit5,994,0006,345,0005,973,0002,518,0001,836,0002,694,0003,483,0001,092,000714,000608,000-6,470,0001,852,0002,372,0001,363,0002,717,000
Depreciation1,214,000936,000901,000882,000810,000863,000719,000738,000878,000999,000866,0001,095,0002,291,0002,305,0002,163,000
Amortisation00000000000004,00016,000
Tax-746,000-887,000-748,000-928,000-671,000-566,000-604,000-441,000-763,000-21,000806,000-787,000-638,000-243,000-1,204,000
Stock72,0001,550,000-806,000750,000-1,178,0001,145,000-203,000-150,000501,000-60,000-2,425,0001,217,000-43,000-210,0002,982,000
Debtors1,419,000-3,078,000468,000-373,0001,920,000-58,000-188,000-54,0001,080,000-423,000-1,027,000322,0002,362,000676,0005,106,000
Creditors640,000317,000-50,000-150,000233,000176,000272,000-120,000-152,00043,000-309,000-582,000239,000-430,0001,881,000
Accruals and Deferred Income-3,979,0002,469,000873,0001,895,000679,000-275,000-147,000267,00010,000480,000-685,000-257,000-881,000355,0002,479,000
Deferred Taxes & Provisions595,000226,000-6,678,000268,0006,510,00000000-1,645,000-92,000-47,0001,784,0000
Cash flow from operations2,227,00010,934,000609,0004,108,0008,655,0001,805,0004,114,0001,740,000-894,0002,592,000-3,985,000-310,0001,017,0004,672,000-36,000
Investing Activities
capital expenditure-2,553,000-2,749,000-1,241,000-2,216,000-949,000-416,000-1,235,000-1,016,000-828,000-824,000-128,0001,549,0002,179,000-837,000-17,821,000
Change in Investments000000000000000
cash flow from investments-2,553,000-2,749,000-1,241,000-2,216,000-949,000-416,000-1,235,000-1,016,000-828,000-824,000-128,0001,549,0002,179,000-837,000-17,821,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-912,000-1,165,0004,919,000-3,612,000-1,825,000-482,0002,379,0001,622,000-122,000-689,0001,087,000248,000-304,000-3,165,0004,863,000
Other Short Term Loans -49,00049,0000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000-5,686,000-1,357,000-3,134,0003,950,000-1,280,000422,0007,085,0000000
share issue002,405,000-1,784,000-1,948,000438,0001,811,000-3,853,0001,116,000-255,000-122,00000021,618,000
interest516,00017,000-101,000-94,000-113,00040,00073,000-3,000118,000115,00099,000133,00065,000-20,000-56,000
cash flow from financing-445,000-1,099,0007,223,000-5,490,000-9,572,000-1,361,0001,129,0001,716,000-168,000-407,0008,149,000381,000-239,000-3,185,00026,425,000
cash and cash equivalents
cash-771,0007,086,0006,591,000-3,598,0001,027,0001,144,0004,963,0002,252,000-941,000302,000-707,000-188,000-1,745,000-1,580,0005,357,000
overdraft000000000000000
change in cash-771,0007,086,0006,591,000-3,598,0001,027,0001,144,0004,963,0002,252,000-941,000302,000-707,000-188,000-1,745,000-1,580,0005,357,000

west pharmaceutical services cornwall limited Credit Report and Business Information

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West Pharmaceutical Services Cornwall Limited Competitor Analysis

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Perform a competitor analysis for west pharmaceutical services cornwall limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.

west pharmaceutical services cornwall limited Ownership

WEST PHARMACEUTICAL SERVICES CORNWALL LIMITED group structure

West Pharmaceutical Services Cornwall Limited has no subsidiary companies.

Ultimate parent company

WEST PHARMACEUTICAL SERVICES INC

#0035847

2 parents

WEST PHARMACEUTICAL SERVICES CORNWALL LIMITED

00930319

WEST PHARMACEUTICAL SERVICES CORNWALL LIMITED Shareholders

west pharmaceutical services group ltd 100%

west pharmaceutical services cornwall limited directors

West Pharmaceutical Services Cornwall Limited currently has 5 directors. The longest serving directors include Mr Sean Parish (Mar 2014) and Mrs Kimberly MacKay (Jun 2024).

officercountryagestartendrole
Mr Sean ParishSingapore50 years Mar 2014- Director
Mrs Kimberly MacKayUnited Kingdom59 years Jun 2024- Director
Mr Shay KearnsUnited Kingdom47 years Jun 2024- Director
Mr Seamus KilbaneUnited Kingdom60 years Jun 2024- Director
Mr David GreetUnited Kingdom49 years Jun 2024- Director

P&L

December 2023

turnover

53.6m

-2%

operating profit

6m

-6%

gross margin

15.7%

-21.28%

turnover

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

Balance Sheet

December 2023

net assets

32.8m

+0.21%

total assets

41.9m

+0.05%

cash

19.2m

-0.04%

net assets

Total assets minus all liabilities

west pharmaceutical services cornwall limited company details

company number

00930319

Type

Private limited with Share Capital

industry

21100 - Manufacture of basic pharmaceutical products

incorporation date

April 1968

age

56

incorporated

UK

ultimate parent company

WEST PHARMACEUTICAL SERVICES INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

the west company (uk) limited (March 1999)

pharma-gummi (uk) limited (June 1995)

accountant

-

auditor

PKF FRANCIS CLARK

address

c/o corporation service company, 5 churchill place, 10th floor, london, E14 5HU

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

west pharmaceutical services cornwall 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 did not find charges/mortgages relating to west pharmaceutical services cornwall limited.

west pharmaceutical services cornwall limited Capital Raised & Share Issues BETA

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west pharmaceutical services cornwall limited Companies House Filings - See Documents

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