Wrengate Limited

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wrengate limited Company Information

Live

MatureSmallHealthy

Company Number

01172978

Website

www.wrengate.co.uk

Registered Address

10 riverview the embankment, vale road, heaton mersey, cheshire, SK4 3GN

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

Telephone

01614381050

Next Accounts Due

January 2025

Group Structure

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Directors

Ronald Musry48 Years

Alan Musry18 Years

Shareholders

wrengate holdings ltd 100%

wrengate limited Estimated Valuation

£33.6m

Pomanda estimates the enterprise value of WRENGATE LIMITED at £33.6m based on Net Assets of £19.7m and 1.71x industry multiple (adjusted for liquidity).

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Wrengate Limited is a live company located in heaton mersey, SK4 3GN with a Companies House number of 01172978. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 1974, it's largest shareholder is wrengate holdings ltd with a 100% stake. Wrengate Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Wrengate Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £3.5m, make it smaller than the average company (£18.9m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (7.8%)

EXPORT

Wrengate Limited's latest turnover from April 2023 is estimated at £3.5 million and the company has net assets of £19.7 million. According to their latest financial statements, Wrengate Limited has 6 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,466,304	3,309,242	2,972,503	2,900,302	3,059,293	4,290,676	4,356,418	325,812	412,894	70,957,131	26,323,585	11,872,418	23,760,569	35,267,938
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,259,334	2,158,451	1,986,799	1,910,018	2,035,557	2,875,592	2,884,990	218,034	280,006	48,631,231	18,163,468	8,007,478	16,020,269	12,274,177
Gross Profit	1,206,970	1,150,792	985,704	990,284	1,023,736	1,415,084	1,471,428	107,777	132,888	22,325,899	8,160,117	3,864,941	7,740,300	22,993,761
Admin Expenses	875,623	1,000,847	1,535,957	330,707	643,283	449,595	227,497	-431,253	-4,547,556	22,078,347	8,124,920	3,545,396	24,888,211	19,282,133
Operating Profit	331,347	149,945	-550,253	659,577	380,453	965,489	1,243,931	539,030	4,680,444	247,552	35,197	319,545	-17,147,911	3,711,628
Interest Payable	51,250	67,500	61,000	61,000	67,500	65,000	31,250	0	0	0	0	0	19,248	599,073
Interest Receivable	56,044	9,402	869	1,108	13,731	8,826	4,607	17,442	14,139	3,417	3,993	11,639	35,734	285,707
Pre-Tax Profit	336,141	91,847	-610,384	599,685	326,684	909,315	1,217,288	556,473	4,694,583	250,968	39,190	331,184	-17,131,425	2,990,569
Tax	-84,035	-17,451	0	-113,940	-62,070	-172,770	-231,285	-111,294	-938,916	-52,703	-9,014	-79,484	0	-1,499,375
Profit After Tax	252,106	74,396	-610,384	485,745	264,614	736,545	986,003	445,178	3,755,666	198,265	30,176	251,700	-17,131,425	1,491,194
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	1,384,263
Retained Profit	252,106	74,396	-610,384	485,745	264,614	736,545	986,003	445,178	3,755,666	198,265	30,176	251,700	-17,131,425	-1,766,366
Employee Costs	254,475	235,739	188,758	184,242	108,117	103,047	98,511	98,512	98,036	15,138,046	5,983,155	2,677,838	5,566,927	13,014,937
Number Of Employees	6	6	5	5	3	3	3	3	3	470	187	84	172	31,359
EBITDA*	331,632	150,287	-549,840	660,076	381,839	974,322	1,255,362	550,603	4,698,621	268,685	57,694	343,670	-17,121,027	5,086,069

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,489	1,774	2,116	2,529	3,028	4,414	14,246	24,677	34,429	3,207,081	1,651,288	1,673,786	1,697,912	21,972,959
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	8,005,816	8,005,816	8,377,991	8,475,291	8,596,916	8,596,916	8,596,916	2,856,058	2,856,058	2,906,057	2,906,057	2,906,057	2,906,059	5,224,738
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	1,926,872	9,598,016	8,392,719	3,268,187	0
Total Fixed Assets	8,007,305	8,007,590	8,380,107	8,477,820	8,599,944	8,601,330	8,611,162	2,880,735	2,890,487	8,040,010	14,155,361	12,972,562	7,872,158	27,197,697
Stock & work in progress	3,493,664	3,316,456	2,978,153	2,588,183	2,587,064	2,582,636	2,569,980	0	0	0	0	0	0	6,659,151
Trade Debtors	4,689	63,966	2,513	2,513	46,407	0	0	0	0	12,552,905	3,275,994	1,354,459	4,107,336	3,419,944
Group Debtors	16,066,096	11,872,531	14,670,738	14,166,975	11,108,141	10,799,189	6,774,724	14,872,321	11,713,304	0	0	0	0	0
Misc Debtors	4,737,865	5,592,216	3,449,930	3,170,763	2,844,549	3,322,961	6,126,284	5,475,043	4,216,495	0	0	0	0	7,226,424
Cash	1,227,849	1,409,523	1,097,734	640,817	1,575,755	2,085,731	1,444,660	2,240,565	4,736,324	919,192	447,425	1,149,599	3,506,152	10,787,514
misc current assets	464,766	1	1	1	1	1	2	2	2	205,592	201,813	201,813	200,002	4,359,337
total current assets	25,994,929	22,254,693	22,199,069	20,569,252	18,161,917	18,790,518	16,915,650	22,587,931	20,666,125	13,677,689	3,925,232	2,705,871	7,813,490	32,452,370
total assets	34,002,234	30,262,283	30,579,176	29,047,072	26,761,861	27,391,848	25,526,812	25,468,666	23,556,612	21,717,699	18,080,593	15,678,433	15,685,648	59,650,067
Bank overdraft	0	0	0	0	0	0	1,000,000	0	0	0	0	0	0	0
Bank loan	0	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	0	0	0	0	0	0	0	407,166
Trade Creditors	70,199	64,655	62,411	57,171	60,233	13,723	48,405	33,153	75,224	6,923,756	5,010,216	2,638,232	2,897,147	4,526,355
Group/Directors Accounts	7,720,990	6,846,231	7,539,211	6,249,151	4,327,651	5,468,788	4,067,809	6,169,413	5,512,475	0	0	0	0	0
other short term finances	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
other current liabilities	6,552,534	2,944,992	2,645,545	1,798,357	1,917,329	1,717,303	1,955,109	1,796,614	944,605	0	0	0	0	3,755,456
total current liabilities	14,343,723	10,855,878	11,247,167	9,104,679	7,305,213	8,199,814	7,071,323	7,999,180	6,532,304	6,923,756	5,010,216	2,638,232	2,897,147	8,688,977
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	185,076
hp & lease commitments	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
other liabilities	0	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	669,755
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	2,079,009
total liabilities	14,343,723	10,855,878	11,247,167	9,104,679	7,305,213	8,199,814	7,071,323	7,999,180	6,532,304	6,923,756	5,010,216	2,638,232	2,897,147	10,767,986
net assets	19,658,511	19,406,405	19,332,009	19,942,393	19,456,648	19,192,034	18,455,489	17,469,486	17,024,308	14,793,943	13,070,377	13,040,201	12,788,501	36,523,561
total shareholders funds	19,658,511	19,406,405	19,332,009	19,942,393	19,456,648	19,192,034	18,455,489	17,469,486	17,024,308	14,793,943	13,070,377	13,040,201	12,788,501	36,523,561

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	331,347	149,945	-550,253	659,577	380,453	965,489	1,243,931	539,030	4,680,444	247,552	35,197	319,545	-17,147,911	3,711,628
Depreciation	285	342	413	499	1,386	8,833	11,431	11,573	18,177	21,133	22,497	24,125	26,884	1,374,441
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-84,035	-17,451	0	-113,940	-62,070	-172,770	-231,285	-111,294	-938,916	-52,703	-9,014	-79,484	0	-1,499,375
Stock	177,208	338,303	389,970	1,119	4,428	12,656	2,569,980	0	0	0	0	0	-6,659,151	6,659,151
Debtors	3,279,937	-594,468	782,930	3,341,154	-123,053	1,221,142	-7,446,356	4,417,565	1,450,022	1,605,767	3,126,832	2,371,655	-3,270,845	10,646,368
Creditors	5,544	2,244	5,240	-3,062	46,510	-34,682	15,252	-42,071	-6,848,532	1,913,540	2,371,984	-258,915	-1,629,208	4,526,355
Accruals and Deferred Income	3,607,542	299,447	847,188	-118,972	200,026	-237,806	158,495	852,009	944,605	0	0	0	-3,755,456	3,755,456
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	-669,755	669,755
Cash flow from operations	403,538	690,692	-870,312	-2,918,171	684,930	-704,734	6,074,200	-3,168,318	-3,594,244	523,755	-706,168	-2,366,384	-13,245,450	-4,767,259
Investing Activities
capital expenditure	0	0	0	0	0	999	-1,000	-1,821	3,154,475	-1,576,926	1	1	20,248,163	-1,109,453
Change in Investments	0	-372,175	-97,300	-121,625	0	0	5,740,858	0	-49,999	0	0	-2	-2,318,679	5,224,738
cash flow from investments	0	372,175	97,300	121,625	0	999	-5,741,858	-1,821	3,204,474	-1,576,926	1	3	22,566,842	-6,334,191
Financing Activities
Bank loans	-1,000,000	0	0	0	0	1,000,000	0	0	0	0	0	0	-407,166	407,166
Group/Directors Accounts	874,759	-692,980	1,290,060	1,921,500	-1,141,137	1,400,979	-2,101,604	656,938	5,512,475	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	-185,076	185,076
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	-1,525,301	1,525,301	0	0	-6,603,635	38,289,927
interest	4,794	-58,098	-60,131	-59,892	-53,769	-56,174	-26,643	17,442	14,139	3,417	3,993	11,639	16,486	-313,366
cash flow from financing	-120,447	-751,078	1,229,929	1,861,608	-1,194,906	2,344,805	-2,128,247	674,380	4,001,313	1,528,718	3,993	11,639	-7,179,391	38,568,803
cash and cash equivalents
cash	-181,674	311,789	456,917	-934,938	-509,976	641,071	-795,905	-2,495,759	3,817,132	471,767	-702,174	-2,356,553	-7,281,362	10,787,514
overdraft	0	0	0	0	0	-1,000,000	1,000,000	0	0	0	0	0	0	0
change in cash	-181,674	311,789	456,917	-934,938	-509,976	1,641,071	-1,795,905	-2,495,759	3,817,132	471,767	-702,174	-2,356,553	-7,281,362	10,787,514

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WRENGATE LIMITED group structure

Wrengate Limited has 10 subsidiary companies.

Ultimate parent company

WRENGATE HOLDINGS LIMITED

07421322

1 parent

WRENGATE LIMITED

01172978

10 subsidiaries

PAN WORLD COTTONS LIMITED

13898184

AVENMILE LIMITED

10394861

BPG HOMES LTD

15522024

HALLOWHILL LTD

14025350

OVERBRIDGE TRADES LIMITED

05279450

POWER COTTON LIMITED

00814654

HA1 DEVELOPMENTS LIMITED

12063140

M.& N.TEXTILES LIMITED

00633335

ATTARKA LIMITED

13974697

MUSRY HOLDINGS LIMITED

01173713

WRENGATE LIMITED Shareholders

wrengate holdings ltd

100%

Wrengate Limited currently has 2 directors. The longest serving directors include Mr Ronald Musry (Nov 1975) and Mr Alan Musry (May 2006).

officer	country	age	start	end	role
Mr Ronald Musry	United Kingdom	88 years	Nov 1975	-	Director
Mr Alan Musry	United Kingdom	60 years	May 2006	-	Director

P&L

April 2023

turnover

3.5m

+5%

operating profit

331.3k

gross margin

34.9%

+0.13%

turnover

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

Balance Sheet

April 2023

net assets

19.7m

+0.01%

total assets

34m

+0.12%

cash

1.2m

-0.13%

net assets

Total assets minus all liabilities

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company number

01172978

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

June 1974

age

accounts

Small Company

ultimate parent company

WRENGATE HOLDINGS LIMITED

previous names

N/A

incorporated

address

10 riverview the embankment, vale road, heaton mersey, cheshire, SK4 3GN

last accounts submitted

April 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.

We found 2 charges/mortgages relating to wrengate limited. Currently there are 0 open charges and 2 have been satisfied in the past.

wrengate limited Company Information

wrengate limited Estimated Valuation

wrengate limited Estimated Valuation

wrengate limited Estimated Valuation

Wrengate Limited Overview

Wrengate Limited Health Check

WRENGATE LIMITED financials

wrengate limited Credit Report and Business Information

Wrengate Limited Competitor Analysis

wrengate limited Ownership

wrengate limited directors

wrengate limited company details

wrengate limited Charges & Mortgages

wrengate limited Companies House Filings - See Documents