westshield limited
westshield limited Company Information
Company Number
01317158
Website
westshield.co.ukRegistered Address
52 chorley new road, bolton, greater manchester, BL1 4AP
Industry
Construction of other civil engineering projects n.e.c.
Telephone
01616826222
Next Accounts Due
March 2025
Group Structure
View All
Directors
Patrick Waldron24 Years
Shareholders
patrick james waldron 100%
westshield limited Estimated Valuation
Pomanda estimates the enterprise value of WESTSHIELD LIMITED at £4.1m based on a Turnover of £17.1m and 0.24x industry multiple (adjusted for size and gross margin).
westshield limited Estimated Valuation
Pomanda estimates the enterprise value of WESTSHIELD LIMITED at £0 based on an EBITDA of £-523.2k and a 3.47x industry multiple (adjusted for size and gross margin).
westshield limited Estimated Valuation
Pomanda estimates the enterprise value of WESTSHIELD LIMITED at £2.1m based on Net Assets of £1.1m and 1.83x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Westshield Limited Overview
Westshield Limited is a live company located in greater manchester, BL1 4AP with a Companies House number of 01317158. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in June 1977, it's largest shareholder is patrick james waldron with a 100% stake. Westshield Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.1m with declining growth in recent years.
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Westshield Limited Health Check
Pomanda's financial health check has awarded Westshield Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £17.1m, make it larger than the average company (£13.8m)
£17.1m - Westshield Limited
£13.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.9%)
-6% - Westshield Limited
6.9% - Industry AVG
Production
with a gross margin of 7.6%, this company has a higher cost of product (16.9%)
7.6% - Westshield Limited
16.9% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (5.3%)
-3.8% - Westshield Limited
5.3% - Industry AVG
Employees
with 37 employees, this is below the industry average (52)
37 - Westshield Limited
52 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£49.4k)
£45.4k - Westshield Limited
£49.4k - Industry AVG
Efficiency
resulting in sales per employee of £462.1k, this is more efficient (£251.1k)
£462.1k - Westshield Limited
£251.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Westshield Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (40 days)
74 days - Westshield Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Westshield Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (19 weeks)
14 weeks - Westshield Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78%, this is a higher level of debt than the average (61%)
78% - Westshield Limited
61% - Industry AVG
WESTSHIELD LIMITED financials
Westshield Limited's latest turnover from June 2023 is £17.1 million and the company has net assets of £1.1 million. According to their latest financial statements, Westshield Limited has 37 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,098,015 | 21,779,367 | 20,660,898 | 20,444,710 | 28,631,030 | 16,716,417 | 13,095,482 | 11,851,429 | 10,202,346 | 8,875,964 | 6,099,812 | 5,172,132 | 5,389,250 | 6,070,670 | 25,424,328 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 15,795,984 | 18,921,418 | 19,405,143 | 18,730,139 | 25,573,578 | 14,763,267 | 11,603,448 | 10,589,408 | 8,810,903 | 7,217,550 | 5,077,475 | 4,153,457 | 6,956,676 | 5,796,087 | 24,079,295 |
| Gross Profit | 1,302,031 | 2,857,949 | 1,255,755 | 1,714,571 | 3,057,452 | 1,953,150 | 1,492,034 | 1,262,021 | 1,391,443 | 1,658,414 | 1,022,337 | 1,018,675 | -1,567,426 | 274,583 | 1,345,033 |
| Admin Expenses | 1,958,462 | 1,895,581 | 1,802,221 | 2,388,296 | 2,782,046 | 1,673,203 | 1,182,900 | 1,037,808 | 1,085,334 | 992,717 | 1,089,588 | 972,826 | 2,787,831 | 625,336 | 2,123,920 |
| Operating Profit | -656,431 | 962,368 | -546,466 | -673,725 | 275,406 | 279,947 | 309,134 | 224,213 | 306,109 | 665,697 | -67,251 | 45,849 | -4,355,257 | -350,753 | -778,887 |
| Interest Payable | 29,200 | 29,677 | 21,665 | 16,522 | 22,618 | 33,935 | 20,953 | 58,018 | 51,083 | 48,792 | 80,566 | 76,891 | 87,031 | 40,513 | 207,972 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,491 | 0 | 3 | 0 | 6 |
| Pre-Tax Profit | -685,631 | 932,691 | -568,131 | -690,247 | 252,788 | 246,012 | 288,181 | 166,195 | 255,026 | 3,909,274 | -143,326 | -31,042 | -4,442,285 | -391,266 | -986,853 |
| Tax | -718,093 | 1,045,207 | 310,116 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,380 | 167 | 1,264 | 7,319 | 64,637 |
| Profit After Tax | -1,403,724 | 1,977,898 | -258,015 | -690,247 | 252,788 | 246,012 | 288,181 | 166,195 | 255,026 | 3,909,274 | -117,946 | -30,875 | -4,441,021 | -383,947 | -922,216 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,403,724 | 1,977,898 | -258,015 | -690,247 | 252,788 | 246,012 | 288,181 | 166,195 | 255,026 | 3,909,274 | -117,946 | -30,875 | -4,441,021 | -383,947 | -922,216 |
| Employee Costs | 1,678,467 | 2,028,171 | 2,270,880 | 2,124,321 | 2,129,217 | 1,619,562 | 1,267,455 | 984,564 | 979,020 | 989,116 | 1,105,988 | 1,681,186 | 1,180,373 | 4,928,036 | |
| Number Of Employees | 37 | 54 | 63 | 65 | 57 | 49 | 39 | 43 | 43 | 34 | 36 | 55 | 65 | 102 | |
| EBITDA* | -523,213 | 1,139,280 | -308,455 | -442,885 | 540,478 | 499,660 | 524,358 | 349,967 | 427,799 | 782,459 | 85,728 | 197,535 | -4,152,197 | -275,282 | -449,372 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 460,125 | 596,864 | 896,257 | 704,900 | 942,860 | 731,020 | 837,088 | 465,721 | 455,328 | 418,953 | 474,157 | 647,435 | 627,775 | 608,511 | 694,400 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 493,881 | 378,585 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 718,093 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 954,006 | 1,693,542 | 896,257 | 704,900 | 942,860 | 731,020 | 837,088 | 465,721 | 455,328 | 418,953 | 474,157 | 647,435 | 627,775 | 608,511 | 694,400 |
| Stock & work in progress | 0 | 0 | 113,070 | 0 | 0 | 0 | 0 | 0 | 500,000 | 500,000 | 960,215 | 2,169,941 | 2,169,941 | 2,573,865 | 3,083,154 |
| Trade Debtors | 0 | 0 | 4,494,074 | 5,325,046 | 7,284,788 | 4,403,116 | 2,555,751 | 2,654,305 | 2,045,208 | 2,767,311 | 1,131,162 | 1,062,446 | 1,269,671 | 4,798,894 | 3,717,779 |
| Group Debtors | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,144,724 | 5,330,594 | 622,296 | 557,955 | 544,942 | 341,513 | 804,173 | 191,382 | 179,078 | 190,429 | 351,405 | 249,196 | 148,632 | 255,200 | 1,883,737 |
| Cash | 1,086,571 | 681,560 | 5,678 | 2,967 | 614,621 | 642,974 | 371,197 | 96,221 | 399,494 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,231,295 | 6,012,154 | 5,235,118 | 5,885,969 | 8,444,351 | 5,387,603 | 3,731,121 | 2,941,908 | 3,123,780 | 3,457,740 | 2,442,782 | 3,481,583 | 3,588,244 | 7,627,959 | 8,684,670 |
| total assets | 5,185,301 | 7,705,696 | 6,131,375 | 6,590,869 | 9,387,211 | 6,118,623 | 4,568,209 | 3,407,629 | 3,579,108 | 3,876,693 | 2,916,939 | 4,129,018 | 4,216,019 | 8,236,470 | 9,379,070 |
| Bank overdraft | 0 | 0 | 0 | 852,184 | 17,701 | 56,971 | 95,370 | 122,342 | 0 | 1,007,945 | 1,571,437 | 496,510 | 318,914 | 525,819 | 1,281,808 |
| Bank loan | 120,876 | 120,000 | 120,000 | 0 | 0 | 0 | 0 | 0 | 567,014 | 0 | 0 | 1,951,137 | 2,228,692 | 2,558,138 | 1,941,334 |
| Trade Creditors | 3,211,701 | 4,324,670 | 4,146,606 | 3,725,894 | 6,959,212 | 4,100,149 | 2,132,891 | 1,617,086 | 1,481,466 | 1,849,740 | 941,773 | 894,466 | 739,988 | 3,432,687 | 3,845,226 |
| Group/Directors Accounts | 0 | 0 | 0 | 43,325 | 41,197 | 55,715 | 0 | 131,222 | 374,971 | 0 | 0 | 20,700 | 20,700 | 177,682 | 182,338 |
| other short term finances | 0 | 0 | 0 | 143,697 | 30,923 | 21,144 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 105,924 | 97,673 | 258,132 | 64,587 | 293,082 | 223,580 | 192,523 | 87,333 | 82,805 | 78,669 | 168,770 | 163,519 | 121,094 | 24,479 | 65,922 |
| other current liabilities | 434,019 | 221,414 | 391,462 | 611,112 | 204,779 | 147,639 | 494,860 | 516,874 | 286,726 | 434,234 | 330,825 | 345,345 | 337,015 | 352,012 | 501,779 |
| total current liabilities | 3,872,520 | 4,763,757 | 4,916,200 | 5,440,799 | 7,546,894 | 4,605,198 | 2,915,644 | 2,474,857 | 2,792,982 | 3,370,588 | 3,012,805 | 3,871,677 | 3,766,403 | 7,070,817 | 7,818,407 |
| loans | 170,500 | 290,500 | 470,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 105,434 | 177,068 | 323,948 | 323,948 | 249,844 | 334,996 | 105,177 | 124,726 | 88,733 | 99,850 | 265,526 | 280,544 | 0 | 1,944 |
| 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 | 0 | 3,290,540 | 3,340,540 | 3,461,669 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 98,207 | 98,207 | 109,204 | 114,850 | 134,434 | 159,687 | 176,916 | 186,035 |
| total long term liabilities | 170,500 | 395,934 | 647,068 | 323,948 | 323,948 | 249,844 | 634,996 | 203,384 | 222,933 | 197,937 | 3,505,240 | 3,740,500 | 3,901,900 | 176,916 | 187,979 |
| total liabilities | 4,043,020 | 5,159,691 | 5,563,268 | 5,764,747 | 7,870,842 | 4,855,042 | 3,550,640 | 2,678,241 | 3,015,915 | 3,568,525 | 6,518,045 | 7,612,177 | 7,668,303 | 7,247,733 | 8,006,386 |
| net assets | 1,142,281 | 2,546,005 | 568,107 | 826,122 | 1,516,369 | 1,263,581 | 1,017,569 | 729,388 | 563,193 | 308,168 | -3,601,106 | -3,483,159 | -3,452,284 | 988,737 | 1,372,684 |
| total shareholders funds | 1,142,281 | 2,546,005 | 568,107 | 826,122 | 1,516,369 | 1,263,581 | 1,017,569 | 729,388 | 563,193 | 308,168 | -3,601,106 | -3,483,159 | -3,452,284 | 988,737 | 1,372,684 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -656,431 | 962,368 | -546,466 | -673,725 | 275,406 | 279,947 | 309,134 | 224,213 | 306,109 | 665,697 | -67,251 | 45,849 | -4,355,257 | -350,753 | -778,887 |
| Depreciation | 133,218 | 176,912 | 238,011 | 230,840 | 265,072 | 219,713 | 215,224 | 125,754 | 121,690 | 116,762 | 152,979 | 151,686 | 203,060 | 75,471 | 329,515 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -718,093 | 1,045,207 | 310,116 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,380 | 167 | 1,264 | 7,319 | 64,637 |
| Stock | 0 | -113,070 | 113,070 | 0 | 0 | 0 | 0 | -500,000 | 0 | -460,215 | -1,209,726 | 0 | -403,924 | -509,289 | 3,083,154 |
| Debtors | -2,903,963 | 932,317 | -766,632 | -1,946,728 | 3,085,101 | 1,384,705 | 514,237 | 621,401 | -733,454 | 1,475,173 | 170,925 | -106,661 | -3,635,791 | -547,422 | 5,601,516 |
| Creditors | -1,112,969 | 178,064 | 420,712 | -3,233,318 | 2,859,063 | 1,967,258 | 515,805 | 135,620 | -368,274 | 907,967 | 47,307 | 154,478 | -2,692,699 | -412,539 | 3,845,226 |
| Accruals and Deferred Income | 212,605 | -170,048 | -219,650 | 406,333 | 57,140 | -347,221 | -22,014 | 230,148 | -147,508 | 103,409 | -14,520 | 8,330 | -14,997 | -149,767 | 501,779 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -300,000 | 201,793 | 0 | -10,997 | -5,646 | -19,584 | -25,253 | -17,229 | -9,119 | 186,035 |
| Cash flow from operations | 762,293 | 1,373,256 | 856,285 | -1,323,142 | 371,580 | 434,992 | 705,705 | 594,334 | 634,474 | 773,231 | 1,163,112 | 441,918 | -2,836,143 | 217,323 | -4,536,365 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -436,316 | -149,311 | 21,385 | 13,000 | -56,414 | -12,253 | 168,145 | 15,405 | 53,444 | ||
| Change in Investments | 115,296 | 378,585 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -115,296 | -378,585 | 0 | 0 | -436,316 | -149,311 | 21,385 | 13,000 | -56,414 | -12,253 | 168,145 | 15,405 | 53,444 | ||
| Financing Activities | |||||||||||||||
| Bank loans | 876 | 0 | 120,000 | 0 | 0 | 0 | 0 | -567,014 | 567,014 | 0 | -1,951,137 | -277,555 | -329,446 | 616,804 | 1,941,334 |
| Group/Directors Accounts | 0 | 0 | -43,325 | 2,128 | -14,518 | 55,715 | -131,222 | -243,749 | 374,971 | 0 | -20,700 | 0 | -156,982 | -4,656 | 182,338 |
| Other Short Term Loans | 0 | 0 | -143,697 | 112,774 | 9,779 | 21,144 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -120,000 | -179,500 | 470,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -97,183 | -232,093 | 46,665 | -228,495 | 143,606 | -54,095 | 335,009 | -15,021 | 40,129 | -101,218 | -160,425 | 27,407 | 377,159 | -43,387 | 67,866 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,290,540 | -50,000 | -121,129 | 3,461,669 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -29,200 | -29,677 | -21,665 | -16,522 | -22,618 | -33,935 | -20,953 | -58,018 | -51,083 | -48,792 | -76,075 | -76,891 | -87,028 | -40,513 | -207,966 |
| cash flow from financing | -245,507 | -441,270 | 427,978 | -130,115 | 116,249 | -11,171 | 182,834 | -883,802 | 931,030 | -3,440,550 | -2,258,338 | -448,168 | 3,265,372 | 528,248 | 4,278,472 |
| cash and cash equivalents | |||||||||||||||
| cash | 405,011 | 675,882 | 2,711 | -611,654 | -28,353 | 271,777 | 274,976 | -303,273 | 399,494 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | -852,184 | 834,483 | -39,270 | -38,399 | -26,972 | 122,342 | -1,007,945 | -563,492 | 1,074,927 | 177,596 | -206,905 | -755,989 | 1,281,808 |
| change in cash | 405,011 | 675,882 | 854,895 | -1,446,137 | 10,917 | 310,176 | 301,948 | -425,615 | 1,407,439 | 563,492 | -1,074,927 | -177,596 | 206,905 | 755,989 | -1,281,808 |
westshield limited Credit Report and Business Information
Westshield Limited Competitor Analysis
Perform a competitor analysis for westshield limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in BL1 area or any other competitors across 12 key performance metrics.
westshield limited Ownership
WESTSHIELD LIMITED group structure
Westshield Limited has 1 subsidiary company.
westshield limited directors
Westshield Limited currently has 1 director, Mr Patrick Waldron serving since Jan 2000.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Waldron | England | 54 years | Jan 2000 | - | Director |
P&L
June 2023turnover
17.1m
-21%
operating profit
-656.4k
-168%
gross margin
7.7%
-41.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.1m
-0.55%
total assets
5.2m
-0.33%
cash
1.1m
+0.59%
net assets
Total assets minus all liabilities
westshield limited company details
company number
01317158
Type
Private limited with Share Capital
industry
42990 - Construction of other civil engineering projects n.e.c.
incorporation date
June 1977
age
47
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
52 chorley new road, bolton, greater manchester, BL1 4AP
accountant
-
auditor
INDEPENDENT AUDITORS LLP
westshield 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 found 16 charges/mortgages relating to westshield limited. Currently there are 4 open charges and 12 have been satisfied in the past.
westshield limited Companies House Filings - See Documents
| date | description | view/download |
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