wesleyan financial services limited
wesleyan financial services limited Company Information
Company Number
01651212
Next Accounts
Sep 2025
Shareholders
wesleyan assurance society
Group Structure
View All
Industry
Life insurance
Registered Address
colmore circus, birmingham, B4 6AR
Website
www.wesleyan.co.ukwesleyan financial services limited Estimated Valuation
Pomanda estimates the enterprise value of WESLEYAN FINANCIAL SERVICES LIMITED at £18.8m based on a Turnover of £36.3m and 0.52x industry multiple (adjusted for size and gross margin).
wesleyan financial services limited Estimated Valuation
Pomanda estimates the enterprise value of WESLEYAN FINANCIAL SERVICES LIMITED at £0 based on an EBITDA of £-24m and a 5.46x industry multiple (adjusted for size and gross margin).
wesleyan financial services limited Estimated Valuation
Pomanda estimates the enterprise value of WESLEYAN FINANCIAL SERVICES LIMITED at £16.4m based on Net Assets of £9.9m and 1.65x industry multiple (adjusted for liquidity).
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Wesleyan Financial Services Limited Overview
Wesleyan Financial Services Limited is a live company located in birmingham, B4 6AR with a Companies House number of 01651212. It operates in the life insurance sector, SIC Code 65110. Founded in July 1982, it's largest shareholder is wesleyan assurance society with a 100% stake. Wesleyan Financial Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £36.3m with declining growth in recent years.
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Wesleyan Financial Services Limited Health Check
Pomanda's financial health check has awarded Wesleyan Financial Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £36.3m, make it larger than the average company (£1.2m)
£36.3m - Wesleyan Financial Services Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.5%)
-11% - Wesleyan Financial Services Limited
8.5% - Industry AVG
Production
with a gross margin of 3.7%, this company has a higher cost of product (99.7%)
3.7% - Wesleyan Financial Services Limited
99.7% - Industry AVG
Profitability
an operating margin of -66.2% make it less profitable than the average company (7.4%)
-66.2% - Wesleyan Financial Services Limited
7.4% - Industry AVG
Employees
with 435 employees, this is above the industry average (16)
435 - Wesleyan Financial Services Limited
16 - Industry AVG
Pay Structure
on an average salary of £78.7k, the company has a higher pay structure (£61.2k)
£78.7k - Wesleyan Financial Services Limited
£61.2k - Industry AVG
Efficiency
resulting in sales per employee of £83.4k, this is less efficient (£136.7k)
£83.4k - Wesleyan Financial Services Limited
£136.7k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (236 days)
18 days - Wesleyan Financial Services Limited
236 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is close to average (23 days)
23 days - Wesleyan Financial Services Limited
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Wesleyan Financial Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 59 weeks, this is more cash available to meet short term requirements (9 weeks)
59 weeks - Wesleyan Financial Services Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.5%, this is a lower level of debt than the average (92.6%)
51.5% - Wesleyan Financial Services Limited
92.6% - Industry AVG
WESLEYAN FINANCIAL SERVICES LIMITED financials
Wesleyan Financial Services Limited's latest turnover from December 2023 is £36.3 million and the company has net assets of £9.9 million. According to their latest financial statements, Wesleyan Financial Services Limited has 435 employees and maintains cash reserves of £11.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 36,299,000 | 40,514,000 | 50,776,000 | 51,170,000 | 52,433,000 | 50,038,000 | 58,140,000 | 58,261,000 | 56,567,000 | 55,294,000 | 49,460,000 | 54,648,000 | 41,687,000 | 36,746,238 | 40,945,875 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 34,959,000 | 35,825,000 | 41,065,000 | 41,600,000 | 44,510,000 | 44,182,000 | 42,554,000 | 40,209,000 | 39,390,000 | 40,235,000 | 41,508,000 | 37,457,000 | 33,795,000 | 28,955,254 | 27,463,773 |
| Gross Profit | 1,340,000 | 4,689,000 | 9,711,000 | 9,570,000 | 7,923,000 | 5,856,000 | 15,586,000 | 18,052,000 | 17,177,000 | 15,059,000 | 7,952,000 | 17,191,000 | 7,892,000 | 7,790,984 | 13,482,102 |
| Admin Expenses | 25,361,000 | 28,967,000 | 30,636,000 | 25,905,000 | 24,555,000 | 20,993,000 | 20,917,000 | 21,842,000 | 20,615,000 | 20,475,000 | 18,967,000 | 14,273,000 | 13,970,000 | 14,458,547 | 15,103,087 |
| Operating Profit | -24,021,000 | -24,278,000 | -20,925,000 | -16,335,000 | -16,632,000 | -15,137,000 | -5,331,000 | -3,790,000 | -3,438,000 | -5,416,000 | -11,015,000 | 2,918,000 | -6,078,000 | -6,667,563 | -1,620,985 |
| Interest Payable | |||||||||||||||
| Interest Receivable | 325,000 | 50,000 | 90,000 | 51,000 | 15,000 | 25,000 | 32,000 | 25,000 | 27,000 | 40,000 | 46,000 | 80,632 | 104,413 | ||
| Pre-Tax Profit | -23,696,000 | -24,278,000 | -20,925,000 | -16,285,000 | -16,542,000 | -15,086,000 | -5,316,000 | -3,765,000 | -3,406,000 | -5,391,000 | -10,988,000 | 2,958,000 | -6,032,000 | -6,586,931 | -1,516,572 |
| Tax | 712,000 | 1,253,000 | 868,000 | 361,000 | 1,352,000 | 97,000 | 130,000 | 594,000 | 485,000 | 108,000 | 963,000 | 1,841,100 | 2,610,709 | ||
| Profit After Tax | -22,984,000 | -23,025,000 | -20,925,000 | -15,417,000 | -16,542,000 | -14,725,000 | -3,964,000 | -3,668,000 | -3,276,000 | -4,797,000 | -10,503,000 | 3,066,000 | -5,069,000 | -4,745,831 | 1,094,137 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -22,984,000 | -23,025,000 | -20,925,000 | -15,417,000 | -16,542,000 | -14,725,000 | -3,964,000 | -3,668,000 | -3,276,000 | -4,797,000 | -10,503,000 | 3,066,000 | -5,069,000 | -4,745,831 | 1,094,137 |
| Employee Costs | 34,234,000 | 34,983,000 | 40,169,000 | 40,258,000 | 42,233,000 | 41,425,000 | 39,718,000 | 37,579,000 | 35,985,000 | 36,756,000 | 37,595,000 | 33,730,000 | 30,383,000 | 25,807,743 | 24,578,773 |
| Number Of Employees | 435 | 464 | 576 | 615 | 628 | 613 | 617 | 594 | 568 | 569 | 588 | 558 | 459 | 425 | 421 |
| EBITDA* | -24,021,000 | -24,278,000 | -20,925,000 | -16,335,000 | -16,632,000 | -15,137,000 | -5,331,000 | -3,790,000 | -3,438,000 | -5,416,000 | -11,015,000 | 2,918,000 | -6,078,000 | -6,667,563 | -1,620,985 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 4,727,000 | 3,750,000 | 124,000 | ||||||||||||
| Debtors (Due After 1 year) | 4,191,000 | 4,428,000 | 4,424,000 | 4,760,000 | 4,485,000 | 4,463,000 | 6,170,000 | ||||||||
| Total Fixed Assets | 4,191,000 | 4,428,000 | 4,424,000 | 4,760,000 | 4,485,000 | 4,463,000 | 6,170,000 | 4,727,000 | 3,750,000 | 124,000 | |||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,839,000 | 1,298,000 | 1,575,000 | 1,784,000 | 1,007,000 | 2,008,000 | 1,623,000 | 1,033,000 | 925,000 | 1,007,000 | 872,000 | 613,000 | 491,000 | 519,576 | 587,462 |
| Group Debtors | 987,000 | 42,000 | 3,581,000 | 6,230,000 | 3,354,000 | 6,280,000 | 3,346,000 | 4,350,000 | 2,178,000 | 2,167,000 | 2,289,000 | 2,694,000 | 6,868,000 | 3,915,223 | 3,783,193 |
| Misc Debtors | 1,899,000 | 1,798,000 | 1,843,000 | 1,828,000 | 1,756,000 | 173,000 | 232,000 | 288,000 | 250,000 | 1,014,000 | 760,000 | 230,000 | 187,000 | 184,171 | 250,052 |
| Cash | 11,540,000 | 26,475,000 | 15,842,000 | 23,738,000 | 22,633,000 | 22,004,000 | 11,235,000 | 10,959,000 | 16,120,000 | 16,690,000 | 16,112,000 | 16,919,000 | 9,884,000 | 20,552,298 | 24,338,063 |
| misc current assets | 3,209,000 | ||||||||||||||
| total current assets | 16,265,000 | 29,613,000 | 22,841,000 | 33,580,000 | 28,750,000 | 30,465,000 | 16,436,000 | 16,630,000 | 19,473,000 | 24,087,000 | 20,033,000 | 20,456,000 | 17,430,000 | 25,171,268 | 28,958,770 |
| total assets | 20,456,000 | 34,041,000 | 27,265,000 | 38,340,000 | 33,235,000 | 34,928,000 | 22,606,000 | 21,357,000 | 23,223,000 | 24,211,000 | 20,033,000 | 20,456,000 | 17,430,000 | 25,171,268 | 28,958,770 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,223,000 | 1,566,000 | 1,700,000 | 1,408,000 | 1,356,000 | 1,474,000 | 1,610,000 | 1,140,000 | 966,000 | 907,000 | 1,030,000 | 865,000 | 894,000 | 902,892 | 837,002 |
| Group/Directors Accounts | 2,149,000 | 14,785,000 | 4,277,000 | 1,975,000 | 1,688,000 | 1,472,000 | 1,319,000 | 1,751,000 | 1,499,000 | 1,662,000 | 974,000 | 1,157,000 | 731,040 | 1,424,292 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 5,630,000 | 5,180,000 | 4,548,000 | 4,013,000 | 5,675,000 | 5,900,000 | 4,968,000 | 4,824,000 | 3,488,000 | 7,761,000 | 4,393,000 | 4,144,000 | 4,666,000 | 6,825,403 | 6,038,450 |
| total current liabilities | 10,002,000 | 21,531,000 | 10,525,000 | 7,396,000 | 8,719,000 | 8,846,000 | 7,897,000 | 7,715,000 | 5,953,000 | 10,330,000 | 6,397,000 | 6,166,000 | 5,560,000 | 8,459,335 | 8,299,744 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 522,000 | 594,000 | 1,799,000 | 1,578,000 | 1,233,000 | 1,257,000 | 1,159,000 | 1,128,000 | 1,088,000 | 1,423,000 | 3,133,000 | 3,284,000 | 3,930,000 | 3,703,317 | 2,904,579 |
| total long term liabilities | 522,000 | 594,000 | 1,799,000 | 1,578,000 | 1,233,000 | 1,257,000 | 1,159,000 | 1,128,000 | 1,088,000 | 1,423,000 | 3,133,000 | 3,284,000 | 3,930,000 | 3,703,317 | 2,904,579 |
| total liabilities | 10,524,000 | 22,125,000 | 12,324,000 | 8,974,000 | 9,952,000 | 10,103,000 | 9,056,000 | 8,843,000 | 7,041,000 | 11,753,000 | 9,530,000 | 9,450,000 | 9,490,000 | 12,162,652 | 11,204,323 |
| net assets | 9,932,000 | 11,916,000 | 14,941,000 | 29,366,000 | 23,283,000 | 24,825,000 | 13,550,000 | 12,514,000 | 16,182,000 | 12,458,000 | 10,503,000 | 11,006,000 | 7,940,000 | 13,008,616 | 17,754,447 |
| total shareholders funds | 9,932,000 | 11,916,000 | 14,941,000 | 29,366,000 | 23,283,000 | 24,825,000 | 13,550,000 | 12,514,000 | 16,182,000 | 12,458,000 | 10,503,000 | 11,006,000 | 7,940,000 | 13,008,616 | 17,754,447 |
| Dec 2023 | 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -24,021,000 | -24,278,000 | -20,925,000 | -16,335,000 | -16,632,000 | -15,137,000 | -5,331,000 | -3,790,000 | -3,438,000 | -5,416,000 | -11,015,000 | 2,918,000 | -6,078,000 | -6,667,563 | -1,620,985 |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | 712,000 | 1,253,000 | 868,000 | 361,000 | 1,352,000 | 97,000 | 130,000 | 594,000 | 485,000 | 108,000 | 963,000 | 1,841,100 | 2,610,709 | ||
| Stock | |||||||||||||||
| Debtors | 1,350,000 | -3,857,000 | -3,179,000 | 4,000,000 | -2,322,000 | 1,553,000 | 5,700,000 | 2,318,000 | -835,000 | 267,000 | 384,000 | -4,009,000 | 2,927,030 | -1,737 | 4,620,707 |
| Creditors | 657,000 | -134,000 | 292,000 | 52,000 | -118,000 | -136,000 | 470,000 | 174,000 | 59,000 | -123,000 | 165,000 | -29,000 | -8,892 | 65,890 | 837,002 |
| Accruals and Deferred Income | 450,000 | 632,000 | 535,000 | -1,662,000 | -225,000 | 932,000 | 144,000 | 1,336,000 | -4,273,000 | 3,368,000 | 249,000 | -522,000 | -2,159,403 | 786,953 | 6,038,450 |
| Deferred Taxes & Provisions | -72,000 | -1,205,000 | 221,000 | 345,000 | -24,000 | 98,000 | 31,000 | 40,000 | -335,000 | -1,710,000 | -151,000 | -646,000 | 226,683 | 798,738 | 2,904,579 |
| Cash flow from operations | -23,624,000 | -19,875,000 | -16,698,000 | -20,732,000 | -14,677,000 | -15,435,000 | -9,034,000 | -4,461,000 | -7,022,000 | -3,554,000 | -10,651,000 | 5,838,000 | -9,983,642 | -3,173,145 | 6,149,048 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -4,727,000 | 977,000 | 3,626,000 | 124,000 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -12,636,000 | 10,508,000 | 2,302,000 | 287,000 | 216,000 | 153,000 | -432,000 | 252,000 | -163,000 | 688,000 | -183,000 | 1,157,000 | -731,040 | -693,252 | 1,424,292 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 325,000 | 50,000 | 90,000 | 51,000 | 15,000 | 25,000 | 32,000 | 25,000 | 27,000 | 40,000 | 46,000 | 80,632 | 104,413 | ||
| cash flow from financing | 8,689,000 | 30,508,000 | 8,802,000 | 21,837,000 | 15,306,000 | 26,204,000 | 4,583,000 | 277,000 | 6,869,000 | 7,465,000 | 9,844,000 | 1,197,000 | -684,656 | -612,620 | 18,189,015 |
| cash and cash equivalents | |||||||||||||||
| cash | -14,935,000 | 10,633,000 | -7,896,000 | 1,105,000 | 629,000 | 10,769,000 | 276,000 | -5,161,000 | -570,000 | 578,000 | -807,000 | 7,035,000 | -10,668,298 | -3,785,765 | 24,338,063 |
| overdraft | |||||||||||||||
| change in cash | -14,935,000 | 10,633,000 | -7,896,000 | 1,105,000 | 629,000 | 10,769,000 | 276,000 | -5,161,000 | -570,000 | 578,000 | -807,000 | 7,035,000 | -10,668,298 | -3,785,765 | 24,338,063 |
wesleyan financial services limited Credit Report and Business Information
Wesleyan Financial Services Limited Competitor Analysis
Perform a competitor analysis for wesleyan financial services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in B 4 area or any other competitors across 12 key performance metrics.
wesleyan financial services limited Ownership
WESLEYAN FINANCIAL SERVICES LIMITED group structure
Wesleyan Financial Services Limited has no subsidiary companies.
Ultimate parent company
1 parent
WESLEYAN FINANCIAL SERVICES LIMITED
01651212
wesleyan financial services limited directors
Wesleyan Financial Services Limited currently has 4 directors. The longest serving directors include Mrs Linda Wallace (Jun 2021) and Dr Harpreet Sood (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Linda Wallace | 59 years | Jun 2021 | - | Director | |
| Dr Harpreet Sood | England | 39 years | Jun 2021 | - | Director |
| Mr Ian McCaig | 61 years | Dec 2023 | - | Director | |
| Ms Rita Bajaj | 56 years | Feb 2024 | - | Director |
P&L
December 2023turnover
36.3m
-10%
operating profit
-24m
-1%
gross margin
3.7%
-68.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.9m
-0.17%
total assets
20.5m
-0.4%
cash
11.5m
-0.56%
net assets
Total assets minus all liabilities
wesleyan financial services limited company details
company number
01651212
Type
Private limited with Share Capital
industry
65110 - Life insurance
incorporation date
July 1982
age
43
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
professional affinity group services limited (January 2005)
b.m.a. services limited (March 1998)
accountant
-
auditor
ERNST & YOUNG LLP
address
colmore circus, birmingham, B4 6AR
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
wesleyan financial services 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 did not find charges/mortgages relating to wesleyan financial services limited.
wesleyan financial services limited Capital Raised & Share Issues BETA
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wesleyan financial services limited Companies House Filings - See Documents
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