Westbuild Homes Limited

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westbuild homes limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

01232282

Website

www.westbuildhomes.co.uk

Registered Address

4 mount ephraim road, tunbridge wells, kent, TN1 1EE

Industry

Construction of domestic buildings

Telephone

01189701159

Next Accounts Due

September 2024

Group Structure

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Directors

Guy West14 Years

Shareholders

guy st.john west 100%

westbuild homes limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of WESTBUILD HOMES LIMITED at £2.2m based on Net Assets of £1.5m and 1.45x industry multiple (adjusted for liquidity).

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Westbuild Homes Limited is a live company located in kent, TN1 1EE with a Companies House number of 01232282. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in November 1975, it's largest shareholder is guy st.john west with a 100% stake. Westbuild Homes Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Westbuild Homes Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £1.8m, make it larger than the average company (£629.5k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.4%)

EXPORT

Westbuild Homes Limited's latest turnover from December 2022 is estimated at £1.8 million and the company has net assets of £1.5 million. According to their latest financial statements, Westbuild Homes Limited has 9 employees and maintains cash reserves of £397.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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
Turnover	1,801,316	2,118,627	1,856,679	1,817,284	2,255,043	2,484,134	2,007,500	960,995	9,473,078	3,965,010	1,527,950	5,985,315	6,180,617
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,442,605	1,728,402	1,508,155	1,456,172	1,775,041	1,943,265	1,559,620	753,906	7,436,105	3,142,108	1,217,486	4,742,685	4,898,510
Gross Profit	358,712	390,225	348,523	361,112	480,002	540,869	447,880	207,088	2,036,973	822,902	310,463	1,242,630	1,282,107
Admin Expenses	390,202	339,900	409,476	-258,154	473,893	572,982	138,386	67,966	1,722,556	811,851	168,203	1,271,584	1,283,806
Operating Profit	-31,490	50,325	-60,953	619,266	6,109	-32,113	309,494	139,122	314,417	11,051	142,260	-28,954	-1,699
Interest Payable	34,580	28,125	27,450	36,821	105,671	66,300	22,813	23,725	0	0	0	0	0
Interest Receivable	8,669	195	220	2,076	1,132	1,105	454	1,053	1,254	1,491	1,586	1,420	996
Pre-Tax Profit	-57,401	22,395	-88,183	584,521	-98,430	-97,308	287,135	116,450	315,671	12,542	143,846	-27,534	-703
Tax	0	-4,255	0	-111,059	0	0	-57,427	-23,290	-66,291	-2,885	-34,523	0	0
Profit After Tax	-57,401	18,140	-88,183	473,462	-98,430	-97,308	229,708	93,160	249,380	9,657	109,323	-27,534	-703
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-57,401	18,140	-88,183	473,462	-98,430	-97,308	229,708	93,160	249,380	9,657	109,323	-27,534	-703
Employee Costs	389,303	374,062	522,126	477,008	576,498	593,894	644,936	122,972	852,133	417,635	189,054	744,920	654,613
Number Of Employees	9	9	13	11	13	15	16	3	22	11	5	21	19
EBITDA*	-23,495	59,239	-50,212	632,056	20,502	-19,066	333,359	149,580	327,896	20,998	152,985	-13,168	20,159

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	Nov 2009
Tangible Assets	26,283	33,289	36,081	45,010	54,753	60,676	70,375	35,062	44,995	58,139	31,742	52,052	67,354	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,194,921	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,221,204	33,289	36,081	45,010	54,753	60,676	70,375	35,062	44,995	58,139	31,742	52,052	67,354	0
Stock & work in progress	19,040	1,092,899	832,206	1,159,879	2,991,128	2,633,784	64,084	1,557,514	928,318	1,681,901	586,952	2,552,119	2,093,930	0
Trade Debtors	0	0	0	0	0	0	0	20,368	730,650	36,482	73,979	55,394	41,929	100
Group Debtors	2,654,897	224,760	1,091,084	1,565,632	698,810	559,998	905,430	381,657	0	0	0	0	0	0
Misc Debtors	31,761	40,846	63,025	44,544	25,538	48,532	28,397	33,562	0	0	0	0	0	0
Cash	397,641	97,751	57,904	382,021	171,614	130,204	311,859	51,033	370,291	131,392	464,871	169,618	398,344	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,103,339	1,456,256	2,044,219	3,152,076	3,887,090	3,372,518	1,309,770	2,044,134	2,029,259	1,849,775	1,125,802	2,777,131	2,534,203	100
total assets	5,324,543	1,489,545	2,080,300	3,197,086	3,941,843	3,433,194	1,380,145	2,079,196	2,074,254	1,907,914	1,157,544	2,829,183	2,601,557	100
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	5,833	0	1,031,000	330,000	0	730,000	0	0	0	0	0	0
Trade Creditors	236,843	237,490	188,866	156,804	88,669	118,434	94,587	115,830	914,710	780,853	174,474	1,207,320	1,252,160	0
Group/Directors Accounts	1,629,908	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	60,000	1,650,000	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	2,534	7,572	7,572	13,135	6,675	0	0	0	0	0	0
other current liabilities	152,602	112,846	133,115	216,855	88,760	85,786	131,812	122,640	0	0	0	0	0	0
total current liabilities	2,019,353	350,336	327,814	376,193	1,276,001	2,191,792	239,534	975,145	914,710	780,853	174,474	1,207,320	1,252,160	0
loans	728,000	0	894,167	0	0	60,000	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	2,534	10,107	17,679	5,563	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	1,029,760	260,291	0	1,871,667	2,187,896	597,752	450,975	662,741	815,670	1,035,263	901,884	1,650,000	1,350,000	0
provisions	6,059	8,146	5,687	8,411	8,059	7,760	8,866	2,364	3,651	955	0	0	0	0
total long term liabilities	1,763,819	268,437	899,854	1,880,078	2,198,489	675,619	477,520	670,668	819,321	1,036,218	901,884	1,650,000	1,350,000	0
total liabilities	3,783,172	618,773	1,227,668	2,256,271	3,474,490	2,867,411	717,054	1,645,813	1,734,031	1,817,071	1,076,358	2,857,320	2,602,160	0
net assets	1,541,371	870,772	852,632	940,815	467,353	565,783	663,091	433,383	340,223	90,843	81,186	-28,137	-603	100
total shareholders funds	1,541,371	870,772	852,632	940,815	467,353	565,783	663,091	433,383	340,223	90,843	81,186	-28,137	-603	100

	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	Nov 2009
Operating Activities
Operating Profit	-31,490	50,325	-60,953	619,266	6,109	-32,113	309,494	139,122	314,417	11,051	142,260	-28,954	-1,699	0
Depreciation	7,995	8,914	10,741	12,790	14,393	13,047	23,865	10,458	13,479	9,947	10,725	15,786	21,858	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-4,255	0	-111,059	0	0	-57,427	-23,290	-66,291	-2,885	-34,523	0	0	0
Stock	-1,073,859	260,693	-327,673	-1,831,249	357,344	2,569,700	-1,493,430	629,196	-753,583	1,094,949	-1,965,167	458,189	2,093,930	0
Debtors	2,421,052	-888,503	-456,067	885,828	115,818	-325,297	498,240	-295,063	694,168	-37,497	18,585	13,465	41,829	100
Creditors	-647	48,624	32,062	68,135	-29,765	23,847	-21,243	-798,880	133,857	606,379	-1,032,846	-44,840	1,252,160	0
Accruals and Deferred Income	39,756	-20,269	-83,740	128,095	2,974	-46,026	9,172	122,640	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,087	2,459	-2,724	352	299	-1,106	6,502	-1,287	2,696	955	0	0	0	0
Cash flow from operations	-1,333,666	713,608	679,126	1,663,000	-479,152	-2,286,754	1,265,553	-885,370	457,573	-432,005	1,032,198	-529,662	-863,440	-100
Investing Activities
capital expenditure	-989	-6,122	-1,812	-3,047	-8,470	-3,348	-59,178	-525	-335	-36,344	9,585	-484	-89,212	0
Change in Investments	2,194,921	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,195,910	-6,122	-1,812	-3,047	-8,470	-3,348	-59,178	-525	-335	-36,344	9,585	-484	-89,212	0
Financing Activities
Bank loans	0	-5,833	5,833	-1,031,000	701,000	330,000	-730,000	730,000	0	0	0	0	0	0
Group/Directors Accounts	1,629,908	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-60,000	-1,590,000	1,650,000	0	0	0	0	0	0	0	0
Long term loans	728,000	-894,167	894,167	0	-60,000	60,000	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-2,534	-7,572	-7,573	-13,135	18,576	12,238	0	0	0	0	0	0
other long term liabilities	769,469	260,291	-1,871,667	-316,229	1,590,144	146,777	-211,766	-152,929	-219,593	133,379	-748,116	300,000	1,350,000	0
share issue	728,000	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-25,911	-27,930	-27,230	-34,745	-104,539	-65,195	-22,359	-22,672	1,254	1,491	1,586	1,420	996	0
cash flow from financing	3,829,466	-667,639	-1,001,431	-1,449,546	529,032	2,108,447	-945,549	566,637	-218,339	134,870	-746,530	301,420	1,350,996	100
cash and cash equivalents
cash	299,890	39,847	-324,117	210,407	41,410	-181,655	260,826	-319,258	238,899	-333,479	295,253	-228,726	398,344	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	299,890	39,847	-324,117	210,407	41,410	-181,655	260,826	-319,258	238,899	-333,479	295,253	-228,726	398,344	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTBUILD HOMES LIMITED group structure

Westbuild Homes Limited has 3 subsidiary companies.

Ultimate parent company

WESTBUILD HOMES LIMITED

01232282

3 subsidiaries

WESTBUILD LIMITED

07019191

WESTBUILD (READING) LIMITED

01922498

FIRST WEST HOMES LTD

14229847

WESTBUILD HOMES LIMITED Shareholders

guy st.john west

100%

Westbuild Homes Limited currently has 1 director, Mr Guy West serving since Nov 2009.

officer	country	age	start	end	role
Mr Guy West		50 years	Nov 2009	-	Director

P&L

December 2022

turnover

1.8m

-15%

operating profit

-31.5k

gross margin

20%

+8.12%

turnover

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

Balance Sheet

December 2022

net assets

1.5m

+0.77%

total assets

5.3m

+2.57%

cash

397.6k

+3.07%

net assets

Total assets minus all liabilities

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company number

01232282

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

November 1975

accounts

Total Exemption Full

ultimate parent company

None

previous names

west homes limited (October 1997)

west new homes (yateley) limited (February 1983)

last accounts submitted

December 2022

address

4 mount ephraim road, tunbridge wells, kent, TN1 1EE

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 89 charges/mortgages relating to westbuild homes limited. Currently there are 1 open charges and 88 have been satisfied in the past.

westbuild homes limited Company Information

westbuild homes limited Estimated Valuation

westbuild homes limited Estimated Valuation

westbuild homes limited Estimated Valuation

Westbuild Homes Limited Overview

Westbuild Homes Limited Health Check

WESTBUILD HOMES LIMITED financials

westbuild homes limited Credit Report and Business Information

Westbuild Homes Limited Competitor Analysis

westbuild homes limited Ownership

westbuild homes limited directors

westbuild homes limited company details

westbuild homes limited Charges & Mortgages

westbuild homes limited Companies House Filings - See Documents