West Midlands Growth Company Limited

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west midlands growth company limited Company Information

Company Number

01631329

Next Accounts

Dec 2025

Directors

Paul Thandi

Neil Rami

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Shareholders

Group Structure

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Industry

Activities of other membership organisations n.e.c.

Registered Address

11th floor the colmore building, colmore circus queensway, birmingham, B4 6AT

Website

https://wmgrowth.com/contact

west midlands growth company limited Estimated Valuation

£10.9m

Pomanda estimates the enterprise value of WEST MIDLANDS GROWTH COMPANY LIMITED at £10.9m based on a Turnover of £9.7m and 1.12x industry multiple (adjusted for size and gross margin).

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West Midlands Growth Company Limited is a live company located in birmingham, B4 6AT with a Companies House number of 01631329. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in April 1982, it's largest shareholder is unknown. West Midlands Growth Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.7m with high growth in recent years.

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

Health Rating4.5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £9.7m, make it larger than the average company (£417.9k)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.5%)

EXPORT

West Midlands Growth Company Limited's latest turnover from March 2024 is £9.7 million and the company has net assets of £639.7 thousand. According to their latest financial statements, West Midlands Growth Company Limited has 98 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	9,741,343	10,926,454	8,885,634	5,196,362	6,973,621	7,210,942	7,166,008	5,846,970	5,453,424	7,673,700	8,186,870	9,039,536	7,458,280	8,682,901	9,044,869
Other Income Or Grants
Cost Of Sales	1,179,358	1,192,140	479,390	273,385	350,978	258,429	496,371	558,137	2,584,319	3,694,977	4,185,809	4,906,564	3,997,607	4,773,405	4,710,341
Gross Profit	8,561,985	9,734,314	8,406,244	4,922,977	6,622,643	6,952,513	6,669,637	5,288,833	2,869,105	3,978,723	4,001,061	4,132,972	3,460,673	3,909,496	4,334,528
Admin Expenses	8,066,776	9,752,245	8,377,306	4,895,153	6,471,638	6,912,082	6,616,647	5,226,904	2,811,765	3,940,037	3,972,392	4,068,890	3,728,896	3,975,740	4,310,297
Operating Profit	495,209	-17,931	28,938	27,824	151,005	40,431	52,990	61,929	57,340	38,686	28,669	64,082	-268,223	-66,244	24,231
Interest Payable	2,000	26,000	88,712	85,366	94,963	42,504	12,990	15,422	17,802	20,131	115,410	120,640	96,000	20,000	72,000
Interest Receivable			60,000	59,000	59,000						87,000	83,000	88,000		42,862
Pre-Tax Profit	493,209	-43,931	226	1,458	115,042	-2,073	5,000	13,507	8,538	-12,445	259	26,442	-276,223	-86,244	-4,907
Tax															-159
Profit After Tax	493,209	-43,931	226	1,458	115,042	-2,073	5,000	13,507	8,538	-12,445	259	26,442	-276,223	-86,244	-5,066
Dividends Paid
Retained Profit	493,209	-43,931	226	1,458	115,042	-2,073	5,000	13,507	8,538	-12,445	259	26,442	-276,223	-86,244	-5,066
Employee Costs	5,815,631	5,197,484	4,280,402	1,298,199	3,086,136	2,689,195	2,703,386	2,312,123	2,015,750	2,208,944	2,525,721	2,444,560	2,489,161	1,980,514	1,965,007
Number Of Employees	98	91	75	55	58	59	58	53	45	52	60	60	68	65	63
EBITDA*	575,585	48,324	101,681	144,001	302,813	157,356	168,549	183,201	163,707	162,852	152,715	287,391	-86,483	124,532	190,893

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	419,437	453,811	84,556	97,499	178,560	310,032	398,460	454,169	460,589	566,956	713,007	833,289	978,358	245,225	421,793
Intangible Assets	399	1,712	2,536	3,809	13,727	25,700	27,375	35,031	14,851	33,684
Investments & Other
Debtors (Due After 1 year)		68,000	955,000	1,319,000	962,000	1,211,000						401,453	401,453
Total Fixed Assets	419,836	523,523	1,042,092	1,420,308	1,154,287	1,546,732	425,835	489,200	475,440	600,640	713,007	1,234,742	1,379,811	245,225	421,793
Stock & work in progress											1,409	9,781	13,949	35,345	27,675
Trade Debtors	3,154,077	984,195	938,085	845,886	444,481	861,915	1,320,508	444,463	420,623	432,211	234,038	351,621	420,594	461,535	361,717
Group Debtors
Misc Debtors	219,321	892,498	1,353,694	1,275,821	665,291	739,187	1,014,022	1,036,735	1,310,275	1,359,348	1,110,850	1,962,353	2,052,147	712,397	1,490,832
Cash	2,766,359	3,221,138	2,891,194	1,526,616	1,855,430	311,306	6,227	160,482	234,968	61,692	167,492	93,157	67,357	83,679	919,264
misc current assets
total current assets	6,139,757	5,097,831	5,182,973	3,648,323	2,965,202	1,912,408	2,340,757	1,641,680	1,965,866	1,853,251	1,513,789	2,416,912	2,554,047	1,292,956	2,799,488
total assets	6,559,593	5,621,354	6,225,065	5,068,631	4,119,489	3,459,140	2,766,592	2,130,880	2,441,306	2,453,891	2,226,796	3,651,654	3,933,858	1,538,181	3,221,281
Bank overdraft							50,229
Bank loan
Trade Creditors	177,428	861,917	1,437,775	901,583	463,631	770,090	653,397	676,643	362,823	407,498	379,393	116,604	376,726	794,150	1,263,867
Group/Directors Accounts			250,000					113,005	110,572	108,193	105,862	103,583
other short term finances				112,000	224,000	118,031	115,491						1,886,056
hp & lease commitments
other current liabilities	5,657,930	4,298,419	3,400,828	2,332,812	2,104,080	1,152,873	1,451,774	735,040	1,295,222	1,194,477	896,180	2,498,503	674,971	496,349	1,547,056
total current liabilities	5,835,358	5,160,336	5,088,603	3,346,395	2,791,711	2,040,994	2,270,891	1,524,688	1,768,617	1,710,168	1,381,435	2,718,690	2,937,753	1,290,499	2,810,923
loans					112,000	243,910	361,941	477,432	590,436	701,008	809,201	915,063	1,018,646
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	84,495	211,487		270,000	120,000	37,500
total long term liabilities	84,495	279,487	955,000	1,589,000	1,194,000	1,492,410	1,670,941	1,862,432	1,565,436	1,718,008	1,535,201	1,540,063	1,578,646	451,000	583,000
total liabilities	5,919,853	5,439,823	6,043,603	4,935,395	3,985,711	3,533,404	3,941,832	3,387,120	3,334,053	3,428,176	2,916,636	4,258,753	4,516,399	1,741,499	3,393,923
net assets	639,740	181,531	181,462	133,236	133,778	-74,264	-1,175,240	-1,256,240	-892,747	-974,285	-689,840	-607,099	-582,541	-203,318	-172,642
total shareholders funds	639,740	181,531	181,462	133,236	133,778	-74,264	-1,175,240	-1,256,240	-892,747	-974,285	-689,840	-607,099	-582,541	-203,318	-172,642

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	495,209	-17,931	28,938	27,824	151,005	40,431	52,990	61,929	57,340	38,686	28,669	64,082	-268,223	-66,244	24,231
Depreciation	79,063	64,932	71,470	106,259	136,835	108,634	107,023	105,875	106,367	124,166	124,046	223,309	181,740	190,776	166,662
Amortisation	1,313	1,323	1,273	9,918	14,973	8,291	8,536	15,397
Tax															-159
Stock										-1,409	-8,372	-4,168	-21,396	7,670	27,675
Debtors	1,428,705	-1,302,086	-193,928	1,368,935	-740,330	477,572	853,332	-249,700	-60,661	446,671	-1,370,539	-158,767	1,700,262	-678,617	1,852,549
Creditors	-684,489	-575,858	536,192	437,952	-306,459	116,693	-23,246	313,820	-44,675	28,105	262,789	-260,122	-417,424	-469,717	1,263,867
Accruals and Deferred Income	1,359,511	897,591	1,068,016	228,732	951,207	-298,901	716,734	-560,182	100,745	298,297	-1,602,323	1,823,532	178,622	-1,050,707	1,547,056
Deferred Taxes & Provisions	-126,992	211,487	-270,000	150,000	82,500	37,500
Cash flow from operations	-305,090	1,883,630	1,629,817	-408,250	1,770,391	-464,924	8,705	186,539	280,438	43,992	192,092	2,013,736	-2,004,151	-724,945	1,121,433
Investing Activities
capital expenditure							-52,194	-135,032		-11,799	-3,594	-78,240	-914,873	-15,341	-66,310
Change in Investments
cash flow from investments							-52,194	-135,032		-11,799	-3,594	-78,240	-914,873	-15,341	-66,310
Financing Activities
Bank loans
Group/Directors Accounts		-250,000	250,000				-113,005	2,433	2,379	2,331	2,279	103,583
Other Short Term Loans			-112,000	-112,000	105,969	2,540	115,491					-1,886,056	1,886,056
Long term loans				-112,000	-131,910	-118,031	-115,491	-113,004	-110,572	-108,193	-105,862	-103,583	1,018,646
Hire Purchase and Lease Commitments
other long term liabilities
share issue	-35,000	44,000	48,000	-2,000	93,000	1,103,049	76,000	-377,000	73,000	-272,000	-83,000	-51,000	-103,000	55,568	-167,576
interest	-2,000	-26,000	-28,712	-26,366	-35,963	-42,504	-12,990	-15,422	-17,802	-20,131	-28,410	-37,640	-8,000	-20,000	-29,138
cash flow from financing	-37,000	-232,000	157,288	-252,366	31,096	945,054	-49,995	-502,993	-52,995	-397,993	-214,993	-1,974,696	2,793,702	35,568	-196,714
cash and cash equivalents
cash	-454,779	329,944	1,364,578	-328,814	1,544,124	305,079	-154,255	-74,486	173,276	-105,800	74,335	25,800	-16,322	-835,585	919,264
overdraft						-50,229	50,229
change in cash	-454,779	329,944	1,364,578	-328,814	1,544,124	355,308	-204,484	-74,486	173,276	-105,800	74,335	25,800	-16,322	-835,585	919,264

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WEST MIDLANDS GROWTH COMPANY LIMITED group structure

West Midlands Growth Company Limited has 1 subsidiary company.

Ultimate parent company

WEST MIDLANDS GROWTH COMPANY LIMITED

01631329

1 subsidiary

WMGC ENTERPRISES LIMITED

10921079

WEST MIDLANDS GROWTH COMPANY LIMITED Shareholders

West Midlands Growth Company Limited currently has 19 directors. The longest serving directors include Mr Paul Thandi (Nov 2006) and Mr Neil Rami (Oct 2010).

officer	country	age	start	end	role
Mr Paul Thandi		59 years	Nov 2006	-	Director
Mr Neil Rami	England	57 years	Oct 2010	-	Director
Mr Thomas Westley	England	72 years	Jun 2017	-	Director
Mr David Hammond	England	55 years	May 2018	-	Director
Mr Timothy Johnson	England	58 years	Jun 2018	-	Director
Mr Patrick Harley	England	59 years	Dec 2019	-	Director
Ms Sally Scott	England	51 years	Jun 2020	-	Director
Ms Laura Shoaf	England	53 years	Aug 2021	-	Director
Ms Jane Whitlock	England	55 years	Sep 2021	-	Director
Mr Andrew Lovett		59 years	Jun 2022	-	Director

P&L

March 2024

turnover

9.7m

-11%

operating profit

495.2k

-2862%

gross margin

87.9%

-1.34%

turnover

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

Balance Sheet

March 2024

net assets

639.7k

+2.52%

total assets

6.6m

+0.17%

cash

2.8m

-0.14%

net assets

Total assets minus all liabilities

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company number

01631329

Type

Private Ltd By Guarantee w/o Share Cap

industry

94990 - Activities of other membership organisations n.e.c.

incorporation date

April 1982

ultimate parent company

None

previous names

marketing birmingham limited (April 2017)

birmingham marketing partnership (May 2002)

address

11th floor the colmore building, colmore circus queensway, birmingham, B4 6AT

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west midlands growth company limited Company Information

west midlands growth company limited Estimated Valuation

west midlands growth company limited Estimated Valuation

west midlands growth company limited Estimated Valuation

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WEST MIDLANDS GROWTH COMPANY LIMITED financials

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