west & coe limited
west & coe limited Company Information
Company Number
01663282
Next Accounts
Sep 2025
Industry
Funeral and related activities
Shareholders
j.m. gillanders
edward jeremy west
View AllGroup Structure
View All
Contact
Registered Address
620 rainham road south, dagenham, essex, RM10 8YP
west & coe limited Estimated Valuation
Pomanda estimates the enterprise value of WEST & COE LIMITED at £9.8m based on a Turnover of £15.1m and 0.65x industry multiple (adjusted for size and gross margin).
west & coe limited Estimated Valuation
Pomanda estimates the enterprise value of WEST & COE LIMITED at £6.2m based on an EBITDA of £1.4m and a 4.36x industry multiple (adjusted for size and gross margin).
west & coe limited Estimated Valuation
Pomanda estimates the enterprise value of WEST & COE LIMITED at £26.6m based on Net Assets of £9.6m and 2.77x industry multiple (adjusted for liquidity).
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West & Coe Limited Overview
West & Coe Limited is a live company located in essex, RM10 8YP with a Companies House number of 01663282. It operates in the funeral and related activities sector, SIC Code 96030. Founded in September 1982, it's largest shareholder is j.m. gillanders with a 70.1% stake. West & Coe Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.1m with declining growth in recent years.
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West & Coe Limited Health Check
Pomanda's financial health check has awarded West & Coe Limited a 4.5 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
2 Regular
5 Weak
Size
annual sales of £15.1m, make it larger than the average company (£1.9m)
£15.1m - West & Coe Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.2%)
- West & Coe Limited
4.2% - Industry AVG
Production
with a gross margin of 35.8%, this company has a higher cost of product (62.9%)
35.8% - West & Coe Limited
62.9% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (14.5%)
1.9% - West & Coe Limited
14.5% - Industry AVG
Employees
with 105 employees, this is above the industry average (15)
105 - West & Coe Limited
15 - Industry AVG
Pay Structure
on an average salary of £49.7k, the company has a higher pay structure (£32.6k)
£49.7k - West & Coe Limited
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £144.3k, this is more efficient (£124.6k)
£144.3k - West & Coe Limited
£124.6k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is near the average (21 days)
20 days - West & Coe Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (27 days)
12 days - West & Coe Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (5 days)
2 days - West & Coe Limited
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (17 weeks)
17 weeks - West & Coe Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.1%, this is a lower level of debt than the average (44.5%)
24.1% - West & Coe Limited
44.5% - Industry AVG
WEST & COE LIMITED financials
West & Coe Limited's latest turnover from December 2023 is £15.1 million and the company has net assets of £9.6 million. According to their latest financial statements, West & Coe Limited has 105 employees and maintains cash reserves of £800.2 thousand 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 | 15,149,594 | 14,704,680 | 15,126,539 | 15,172,514 | 13,368,023 | 12,528,402 | 12,316,381 | 11,104,624 | 10,127,495 | 9,414,347 | 8,504,155 | 7,374,110 | 6,780,255 | 6,608,598 | 6,663,462 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 9,723,065 | 9,229,792 | 9,284,375 | 9,155,545 | 7,989,764 | 7,725,746 | 7,630,810 | 6,580,629 | 5,848,361 | 5,446,765 | 4,873,888 | 4,169,136 | |||
| Gross Profit | 5,426,529 | 5,474,888 | 5,842,164 | 6,016,969 | 5,378,259 | 4,802,656 | 4,685,571 | 4,523,995 | 4,279,134 | 3,967,582 | 3,630,267 | 3,204,974 | |||
| Admin Expenses | 5,134,671 | 4,572,595 | 4,308,211 | 4,230,422 | 4,395,632 | 3,847,538 | 3,873,643 | 3,556,698 | 2,895,834 | 2,691,924 | 2,581,137 | 2,642,321 | |||
| Operating Profit | 291,858 | 902,293 | 1,533,953 | 1,786,547 | 982,627 | 955,118 | 811,928 | 967,297 | 1,383,300 | 1,275,658 | 1,049,130 | 562,653 | 534,138 | 501,492 | 458,641 |
| Interest Payable | 9,663 | 9,466 | 10,623 | 9,480 | 23,228 | 9,582 | 9,450 | 10,388 | 9,450 | 11,952 | 130 | 0 | 0 | 0 | |
| Interest Receivable | 71,652 | 63,926 | 57,382 | 38,857 | 36,408 | 16,931 | 832 | 5,085 | 5,477 | 2,870 | 803 | 1,372 | 1,289 | 1,056 | 7,531 |
| Pre-Tax Profit | 353,847 | 2,168,783 | 1,580,712 | 1,815,924 | 995,807 | 996,467 | 831,310 | 961,994 | 1,391,327 | 1,289,099 | 1,049,803 | 304,625 | 535,427 | 502,548 | 466,172 |
| Tax | -493,903 | -365,457 | -430,233 | -486,525 | -277,476 | -253,886 | -216,378 | -237,724 | -314,442 | -303,889 | -260,323 | -130,610 | -139,366 | -180,835 | -164,966 |
| Profit After Tax | -140,056 | 1,803,326 | 1,150,479 | 1,329,399 | 718,331 | 742,581 | 614,932 | 724,270 | 1,076,885 | 985,210 | 789,480 | 174,015 | 396,061 | 321,713 | 301,206 |
| Dividends Paid | 300,000 | 300,000 | 400,000 | 400,000 | 300,000 | 300,000 | 300,000 | 500,000 | 300,000 | 300,000 | 300,000 | 380,000 | 0 | 300,000 | 300,000 |
| Retained Profit | -440,056 | 1,503,326 | 750,479 | 929,399 | 418,331 | 442,581 | 314,932 | 224,270 | 776,885 | 685,210 | 489,480 | -205,985 | 396,061 | 21,713 | 1,206 |
| Employee Costs | 5,215,070 | 4,743,071 | 4,789,746 | 4,569,845 | 4,140,311 | 3,727,693 | 3,604,575 | 3,339,953 | 2,788,628 | 2,559,089 | 2,128,935 | 2,115,776 | 2,045,830 | 1,890,551 | 2,205,260 |
| Number Of Employees | 105 | 124 | 110 | 100 | 115 | 201 | 97 | 86 | 77 | 69 | 62 | 54 | 64 | 64 | 63 |
| EBITDA* | 1,409,254 | 1,960,734 | 2,420,012 | 2,705,047 | 1,742,415 | 1,636,144 | 1,441,621 | 1,482,544 | 1,769,847 | 1,761,449 | 1,521,151 | 978,904 | 943,599 | 880,283 | 937,759 |
* 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 | 5,200,798 | 5,444,645 | 4,312,913 | 4,457,775 | 4,639,780 | 3,729,991 | 3,463,633 | 3,177,119 | 2,426,435 | 2,521,994 | 2,864,620 | 2,694,049 | 2,680,313 | 2,749,511 | 2,747,241 |
| Intangible Assets | 2,804,032 | 3,351,059 | 2,093,574 | 2,475,589 | 2,851,410 | 1,540,147 | 1,765,807 | 1,983,418 | 314,759 | 357,020 | 399,281 | 196,667 | 0 | 20,293 | 44,643 |
| Investments & Other | 1,607,412 | 600,000 | 497,400 | 239,000 | 239,000 | 239,000 | 205,000 | 177,000 | 177,000 | 165,000 | 0 | 372,479 | 481,902 | 481,902 | 481,902 |
| Debtors (Due After 1 year) | 1,021,916 | 962,827 | 903,737 | 641,526 | 708,034 | 591,578 | 201,249 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,634,158 | 10,358,531 | 7,807,624 | 7,813,890 | 8,438,224 | 6,100,716 | 5,635,689 | 5,337,537 | 2,918,194 | 3,044,014 | 3,263,901 | 3,263,195 | 3,162,215 | 3,251,706 | 3,273,786 |
| Stock & work in progress | 70,980 | 96,785 | 94,103 | 101,598 | 102,394 | 77,229 | 69,459 | 77,849 | 74,960 | 73,297 | 75,237 | 68,155 | 80,488 | 63,142 | 53,224 |
| Trade Debtors | 846,718 | 893,079 | 815,400 | 743,823 | 827,063 | 794,626 | 884,242 | 872,336 | 801,102 | 768,280 | 692,696 | 561,693 | 631,481 | 616,196 | 533,768 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99,494 | 59,494 | 20,000 | 76,923 |
| Misc Debtors | 292,795 | 223,439 | 117,359 | 116,288 | 149,404 | 123,069 | 79,227 | 72,083 | 76,081 | 60,638 | 70,784 | 26,379 | 61,641 | 51,659 | 50,443 |
| Cash | 800,181 | 822,576 | 1,693,324 | 1,251,958 | 342,525 | 794,332 | 707,935 | 724,534 | 2,645,346 | 1,774,788 | 831,837 | 92,660 | 316,675 | 381,955 | 133,755 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,010,674 | 2,035,879 | 2,720,186 | 2,213,667 | 1,421,386 | 1,789,256 | 1,740,863 | 1,746,802 | 3,597,489 | 2,677,003 | 1,670,554 | 848,381 | 1,149,779 | 1,132,952 | 848,113 |
| total assets | 12,644,832 | 12,394,410 | 10,527,810 | 10,027,557 | 9,859,610 | 7,889,972 | 7,376,552 | 7,084,339 | 6,515,683 | 5,721,017 | 4,934,455 | 4,111,576 | 4,311,994 | 4,384,658 | 4,121,899 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 190,869 | 222,263 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 330,299 | 644,740 | 207,193 | 173,808 | 141,598 | 138,125 | 116,956 | 80,556 | 63,686 | 33,678 | 32,462 | 27,065 | 21,551 | 43,100 | 17,080 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,499 | 3,499 | 3,499 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 2,050,215 | 1,289,100 | 1,363,373 | 1,653,639 | 2,465,444 | 929,320 | 879,272 | 946,325 | 625,402 | 651,857 | 555,380 | 522,635 | 522,373 | 738,369 | 500,085 |
| total current liabilities | 2,380,514 | 1,933,840 | 1,570,566 | 1,827,447 | 2,607,042 | 1,067,445 | 996,228 | 1,026,881 | 689,088 | 685,535 | 587,842 | 549,700 | 547,423 | 975,837 | 742,927 |
| loans | 315,000 | 315,000 | 315,000 | 315,000 | 315,000 | 315,000 | 315,000 | 315,000 | 315,000 | 315,000 | 315,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 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 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 352,324 | 108,520 | 108,520 | 101,865 | 83,722 | 72,012 | 72,390 | 64,456 | 57,863 | 43,635 | 39,976 | 59,719 | 56,429 | 96,740 | 88,604 |
| total long term liabilities | 667,324 | 423,520 | 423,520 | 416,865 | 398,722 | 387,012 | 387,390 | 379,456 | 372,863 | 358,635 | 354,976 | 59,719 | 56,429 | 96,740 | 88,604 |
| total liabilities | 3,047,838 | 2,357,360 | 1,994,086 | 2,244,312 | 3,005,764 | 1,454,457 | 1,383,618 | 1,406,337 | 1,061,951 | 1,044,170 | 942,818 | 609,419 | 603,852 | 1,072,577 | 831,531 |
| net assets | 9,596,994 | 10,037,050 | 8,533,724 | 7,783,245 | 6,853,846 | 6,435,515 | 5,992,934 | 5,678,002 | 5,453,732 | 4,676,847 | 3,991,637 | 3,502,157 | 3,708,142 | 3,312,081 | 3,290,368 |
| total shareholders funds | 9,596,994 | 10,037,050 | 8,533,724 | 7,783,245 | 6,853,846 | 6,435,515 | 5,992,934 | 5,678,002 | 5,453,732 | 4,676,847 | 3,991,637 | 3,502,157 | 3,708,142 | 3,312,081 | 3,290,368 |
| 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 | 291,858 | 902,293 | 1,533,953 | 1,786,547 | 982,627 | 955,118 | 811,928 | 967,297 | 1,383,300 | 1,275,658 | 1,049,130 | 562,653 | 534,138 | 501,492 | 458,641 |
| Depreciation | 570,369 | 593,091 | 504,044 | 534,615 | 498,254 | 452,366 | 400,766 | 401,226 | 344,286 | 443,530 | 452,021 | 412,918 | 389,168 | 354,441 | 328,488 |
| Amortisation | 547,027 | 465,350 | 382,015 | 383,885 | 261,534 | 228,660 | 228,927 | 114,021 | 42,261 | 42,261 | 20,000 | 3,333 | 20,293 | 24,350 | 150,630 |
| Tax | -493,903 | -365,457 | -430,233 | -486,525 | -277,476 | -253,886 | -216,378 | -237,724 | -314,442 | -303,889 | -260,323 | -130,610 | -139,366 | -180,835 | -164,966 |
| Stock | -25,805 | 2,682 | -7,495 | -796 | 25,165 | 7,770 | -8,390 | 2,889 | 1,663 | -1,940 | 7,082 | -12,333 | 17,346 | 9,918 | 53,224 |
| Debtors | 82,084 | 242,849 | 334,859 | -182,864 | 175,228 | 344,555 | 220,299 | 67,236 | 48,265 | 65,438 | 75,914 | -65,050 | 64,761 | 26,721 | 661,134 |
| Creditors | -314,441 | 437,547 | 33,385 | 32,210 | 3,473 | 21,169 | 36,400 | 16,870 | 30,008 | 1,216 | 5,397 | 5,514 | -21,549 | 26,020 | 17,080 |
| Accruals and Deferred Income | 761,115 | -74,273 | -290,266 | -811,805 | 1,536,124 | 50,048 | -67,053 | 320,923 | -26,455 | 96,477 | 32,745 | 262 | -215,996 | 238,284 | 500,085 |
| Deferred Taxes & Provisions | 243,804 | 0 | 6,655 | 18,143 | 11,710 | -378 | 7,934 | 6,593 | 14,228 | 3,659 | -19,743 | 3,290 | -40,311 | 8,136 | 88,604 |
| Cash flow from operations | 1,549,550 | 1,713,020 | 1,412,189 | 1,640,730 | 2,815,853 | 1,100,772 | 990,615 | 1,519,081 | 1,423,258 | 1,495,414 | 1,196,231 | 934,743 | 444,270 | 935,249 | 664,204 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -712,224 | -698,156 | -2,879,858 | -248,527 | -223,333 | -316,522 | -1,038,251 | -315,806 | -349,899 | -1,060,005 |
| Change in Investments | 1,007,412 | 102,600 | 258,400 | 0 | 0 | 34,000 | 28,000 | 0 | 12,000 | 165,000 | -372,479 | -109,423 | 0 | 0 | 481,902 |
| cash flow from investments | -1,007,412 | -102,600 | -258,400 | 0 | 0 | -746,224 | -726,156 | -2,879,858 | -260,527 | -388,333 | 55,957 | -928,828 | -315,806 | -349,899 | -1,541,907 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,499 | 0 | 0 | 3,499 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 315,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 61,989 | 54,460 | 46,759 | 29,377 | 13,180 | 7,349 | -8,618 | -5,303 | -3,973 | -9,082 | 673 | 1,372 | 1,056 | 7,531 | |
| cash flow from financing | 61,989 | 54,460 | 46,759 | 29,377 | 13,180 | 7,349 | -8,618 | -5,303 | -3,973 | -9,082 | 315,673 | -2,127 | 1,056 | 3,300,192 | |
| cash and cash equivalents | |||||||||||||||
| cash | -22,395 | -870,748 | 441,366 | 909,433 | -451,807 | 86,397 | -16,599 | -1,920,812 | 870,558 | 942,951 | 739,177 | -224,015 | -65,280 | 248,200 | 133,755 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -190,869 | -31,394 | 222,263 |
| change in cash | -22,395 | -870,748 | 441,366 | 909,433 | -451,807 | 86,397 | -16,599 | -1,920,812 | 870,558 | 942,951 | 739,177 | -224,015 | 125,589 | 279,594 | -88,508 |
west & coe limited Credit Report and Business Information
West & Coe Limited Competitor Analysis
Perform a competitor analysis for west & coe limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in RM10 area or any other competitors across 12 key performance metrics.
west & coe limited Ownership
WEST & COE LIMITED group structure
West & Coe Limited has 5 subsidiary companies.
Ultimate parent company
WEST & COE LIMITED
01663282
5 subsidiaries
west & coe limited directors
West & Coe Limited currently has 2 directors. The longest serving directors include Ms Jennifer Gillanders (Nov 1991) and Mr Edward West (Nov 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Jennifer Gillanders | 67 years | Nov 1991 | - | Director | |
| Mr Edward West | England | 68 years | Nov 1991 | - | Director |
P&L
December 2023turnover
15.1m
+3%
operating profit
291.9k
-68%
gross margin
35.9%
-3.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.6m
-0.04%
total assets
12.6m
+0.02%
cash
800.2k
-0.03%
net assets
Total assets minus all liabilities
west & coe limited company details
company number
01663282
Type
Private limited with Share Capital
industry
96030 - Funeral and related activities
incorporation date
September 1982
age
42
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
west & coe (funeral) services limited (January 1986)
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
620 rainham road south, dagenham, essex, RM10 8YP
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
west & coe 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 8 charges/mortgages relating to west & coe limited. Currently there are 5 open charges and 3 have been satisfied in the past.
west & coe limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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west & coe limited Companies House Filings - See Documents
| date | description | view/download |
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