Welby Limited

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welby limited Company Information

Live

MatureSmall

Company Number

01466536

Website

www.welby.co.uk

Registered Address

37 belsize avenue, london, NW3 4BN

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

02077946262

Next Accounts Due

September 2024

Group Structure

View All

Directors

Iraj Elghanian32 Years

Ilan Elghanian6 Years

Shareholders

welby london ltd 50%

welby uk ltd 50%

welby limited Estimated Valuation

£15.5m

Pomanda estimates the enterprise value of WELBY LIMITED at £15.5m based on Net Assets of £9.8m and 1.58x industry multiple (adjusted for liquidity).

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Welby Limited is a live company located in london, NW3 4BN with a Companies House number of 01466536. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 1979, it's largest shareholder is welby london ltd with a 50% stake. Welby Limited is a mature, small sized company, Pomanda has estimated its turnover at £565.8k with unknown growth in recent years.

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Pomanda's financial health check has awarded Welby Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

4 Weak

Size

annual sales of £565.8k, make it smaller than the average company (£863.9k)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Welby Limited's latest turnover from December 2022 is estimated at £565.8 thousand and the company has net assets of £9.8 million. According to their latest financial statements, Welby Limited has 3 employees and maintains cash reserves of £139.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Jun 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	565,817	1,411,324	1,386,990	0	1,109,915	1,595,297	39,617,046	1,169,971	8,425,641	4,146,238	3,682,384	8,605,835	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	168,895	444,601	429,085	0	323,545	438,376	12,961,248	428,796	3,099,450	1,510,288	1,339,446	2,980,278	0
Gross Profit	396,922	966,722	957,905	0	786,369	1,156,921	26,655,798	741,175	5,326,191	2,635,950	2,342,938	5,625,558	0
Admin Expenses	1,289,241	863,307	22,941,859	-41,403,198	-1,229,224	-500,029	25,634,932	-135,400	3,659,934	1,157,080	1,252,129	5,281,406	-5,216,511
Operating Profit	-892,319	103,415	-21,983,954	41,403,198	2,015,593	1,656,950	1,020,866	876,575	1,666,257	1,478,870	1,090,809	344,152	5,216,511
Interest Payable	537,287	355,041	345,140	190,115	1,295,347	1,254,295	1,164,256	1,050,353	1,096,106	1,116,278	1,106,262	546,816	0
Interest Receivable	2,581	34	49	300	244	132	1,153	1,034	56	13	24	30	12
Pre-Tax Profit	-1,427,026	-251,592	-22,329,044	41,213,384	720,490	402,786	-142,237	-172,744	570,208	362,605	-15,429	-202,634	5,216,522
Tax	0	0	0	-7,830,543	-136,893	-80,557	0	0	-131,148	-87,025	0	0	-1,460,626
Profit After Tax	-1,427,026	-251,592	-22,329,044	33,382,841	583,597	322,229	-142,237	-172,744	439,060	275,580	-15,429	-202,634	3,755,896
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,427,026	-251,592	-22,329,044	33,382,841	583,597	322,229	-142,237	-172,744	439,060	275,580	-15,429	-202,634	3,755,896
Employee Costs	93,415	271,164	255,858	0	213,716	292,823	5,960,769	179,667	1,121,751	577,134	518,069	1,316,560	0
Number Of Employees	3	9	9	0	8	11	224	7	46	24	22	55	0
EBITDA*	-891,966	103,864	-21,983,094	41,404,392	2,016,656	1,658,279	1,022,517	878,652	1,668,587	1,484,904	1,092,812	347,555	5,222,469

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Jun 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,410	1,763	2,212	3,072	4,265	5,328	6,657	8,308	9,083	28,160	7,894	7,217	10,620
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	13,120,000	15,220,000	15,565,000	15,150,050	53,509,181	51,949,822	51,318,622	51,206,825	49,212,158	37,556,158	37,412,158	32,361,975	28,458,211
Debtors (Due After 1 year)	3,223,870	3,395,809	317,232	21,724,219	308,688	320,890	691,453	833,775	737,555	1,125,447	1,115,263	372,842	242,775
Total Fixed Assets	16,345,280	18,617,572	15,884,444	36,877,341	53,822,134	52,276,040	52,016,732	52,048,908	49,958,796	38,709,765	38,535,315	32,742,034	28,711,606
Stock & work in progress	0	0	0	0	0	0	0	0	1,343,750	2,066,125	2,066,125	1,670,000	564,000
Trade Debtors	0	0	0	0	0	0	3,239,129	38,959	996,593	402,674	326,867	992,716	1,341,490
Group Debtors	0	0	0	516,722	0	0	0	0	0	0	0	0	0
Misc Debtors	7,236	6,665	3,082,929	3,181,215	3,557,923	4,035,300	379,137	0	0	0	0	0	0
Cash	139,070	8,393	18,633	80,072	58,962	38,581	66,976	394,125	19,432	3,043	2,198	7,226	4,637
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	686,328
total current assets	146,306	15,058	3,101,562	3,778,009	3,616,885	4,073,881	3,685,242	433,084	2,359,775	2,471,842	2,395,190	2,669,942	2,596,455
total assets	16,491,586	18,632,630	18,986,006	40,655,350	57,439,019	56,349,921	55,701,974	52,481,992	52,318,571	41,181,607	40,930,505	35,411,976	31,308,061
Bank overdraft	0	0	0	0	364,081	222,525	211,533	0	0	0	0	0	0
Bank loan	0	9,649	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	793,932	373,957	798,690	1,015,541	262,421	140,146
Group/Directors Accounts	688,060	696,060	871,300	776,439	2,743,378	422,000	0	220	0	0	0	0	0
other short term finances	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
other current liabilities	92,306	228,059	354,012	268,054	285,288	640,506	507,245	0	0	0	0	0	0
total current liabilities	780,366	933,768	1,225,312	1,044,493	3,392,747	1,285,031	718,778	794,152	373,957	798,690	1,015,541	262,421	140,146
loans	5,633,025	5,668,641	5,683,025	5,633,025	19,453,073	19,817,154	19,886,236	15,725,499	16,593,040	17,133,292	17,213,725	16,825,105	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	741,132	911,658	666,769	296,769	286,769	16,112,475
provisions	286,016	811,016	606,872	542,991	3,140,274	3,682,444	3,853,897	0	0	0	0	0	0
total long term liabilities	5,919,041	6,479,657	6,289,897	6,176,016	22,593,347	23,499,598	23,740,133	16,466,631	17,504,698	17,800,061	17,510,494	17,111,874	16,112,475
total liabilities	6,699,407	7,413,425	7,515,209	7,220,509	25,986,094	24,784,629	24,458,911	17,260,783	17,878,655	18,598,751	18,526,035	17,374,295	16,252,621
net assets	9,792,179	11,219,205	11,470,797	33,434,841	31,452,925	31,565,292	31,243,063	35,221,209	34,439,916	22,582,856	22,404,470	18,037,681	15,055,440
total shareholders funds	9,792,179	11,219,205	11,470,797	33,434,841	31,452,925	31,565,292	31,243,063	35,221,209	34,439,916	22,582,856	22,404,470	18,037,681	15,055,440

	Dec 2022	Dec 2021	Dec 2020	Jun 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-892,319	103,415	-21,983,954	41,403,198	2,015,593	1,656,950	1,020,866	876,575	1,666,257	1,478,870	1,090,809	344,152	5,216,511
Depreciation	353	449	860	1,194	1,063	1,329	1,651	2,077	2,330	6,034	2,003	3,403	5,958
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-7,830,543	-136,893	-80,557	0	0	-131,148	-87,025	0	0	-1,460,626
Stock	0	0	0	0	0	0	0	-1,343,750	-722,375	0	396,125	1,106,000	564,000
Debtors	-171,368	2,313	-22,021,995	25,422,156	-489,579	46,471	3,436,985	-861,414	206,027	85,991	76,572	-218,707	1,584,265
Creditors	0	0	0	0	0	0	-793,932	419,975	-424,733	-216,851	753,120	122,275	140,146
Accruals and Deferred Income	-135,753	-125,953	85,958	268,054	-355,218	133,261	507,245	0	0	0	0	0	0
Deferred Taxes & Provisions	-525,000	204,144	63,881	542,991	-542,170	-171,453	3,853,897	0	0	0	0	0	0
Cash flow from operations	-1,381,351	179,742	188,740	8,962,738	1,471,954	1,493,059	1,152,742	3,503,791	1,629,054	1,095,037	1,373,235	-417,463	1,753,724
Investing Activities
capital expenditure	0	0	0	-4,266	0	0	0	-1,302	16,747	-26,300	-2,680	0	-16,578
Change in Investments	-2,100,000	-345,000	414,950	15,150,050	1,559,359	631,200	111,797	1,994,667	11,656,000	144,000	5,050,183	3,903,764	28,458,211
cash flow from investments	2,100,000	345,000	-414,950	-15,154,316	-1,559,359	-631,200	-111,797	-1,995,969	-11,639,253	-170,300	-5,052,863	-3,903,764	-28,474,789
Financing Activities
Bank loans	-9,649	9,649	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-8,000	-175,240	94,861	776,439	2,321,378	422,000	-220	220	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-35,616	-14,384	50,000	5,633,025	-364,081	-69,082	4,160,737	-867,541	-540,252	-80,433	388,620	16,825,105	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-741,132	-170,526	244,889	370,000	10,000	-15,825,706	16,112,475
share issue	0	0	365,000	52,000	-695,964	0	-3,835,909	954,037	11,418,000	-97,194	4,382,218	3,184,875	11,299,544
interest	-534,706	-355,007	-345,091	-189,815	-1,295,103	-1,254,163	-1,163,103	-1,049,319	-1,096,050	-1,116,265	-1,106,238	-546,786	12
cash flow from financing	-587,971	-534,982	164,770	6,271,649	-33,770	-901,245	-1,579,627	-1,133,129	10,026,587	-923,892	3,674,600	3,637,488	27,412,031
cash and cash equivalents
cash	130,677	-10,240	-61,439	80,072	20,381	-28,395	-327,149	374,693	16,389	845	-5,028	2,589	4,637
overdraft	0	0	0	0	141,556	10,992	211,533	0	0	0	0	0	0
change in cash	130,677	-10,240	-61,439	80,072	-121,175	-39,387	-538,682	374,693	16,389	845	-5,028	2,589	4,637

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WELBY LIMITED group structure

Welby Limited has 1 subsidiary company.

Ultimate parent company

BELSIZE HOLDINGS LTD

11088810

1 parent

WELBY LIMITED

01466536

1 subsidiary

GOLDENBRIDGE HOLDINGS LIMITED

03084740

WELBY LIMITED Shareholders

welby london ltd	50%
welby uk ltd	50%

Welby Limited currently has 2 directors. The longest serving directors include Mr Iraj Elghanian (Dec 1991) and Mr Ilan Elghanian (Jun 2018).

officer	country	age	start	end	role
Mr Iraj Elghanian		78 years	Dec 1991	-	Director
Mr Ilan Elghanian	England	44 years	Jun 2018	-	Director

P&L

December 2022

turnover

565.8k

-60%

operating profit

-892.3k

gross margin

70.2%

+2.41%

turnover

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

Balance Sheet

December 2022

net assets

9.8m

-0.13%

total assets

16.5m

-0.11%

cash

139.1k

+15.57%

net assets

Total assets minus all liabilities

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company number

01466536

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

December 1979

age

accounts

Total Exemption Full

ultimate parent company

BELSIZE HOLDINGS LTD

previous names

wrenwell limited (April 1994)

incorporated

address

37 belsize avenue, london, NW3 4BN

last accounts submitted

December 2022

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 72 charges/mortgages relating to welby limited. Currently there are 35 open charges and 37 have been satisfied in the past.

welby limited Company Information

welby limited Estimated Valuation

welby limited Estimated Valuation

welby limited Estimated Valuation

Welby Limited Overview

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WELBY LIMITED financials

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welby limited Companies House Filings - See Documents