wmis limited
wmis limited Company Information
Company Number
01914327
Website
www.wmis.netRegistered Address
cannon place, 78 cannon street, london, EC4N 6AF
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
warner music international services ltd 100%
wmis limited Estimated Valuation
Pomanda estimates the enterprise value of WMIS LIMITED at £38.8m based on a Turnover of £56m and 0.69x industry multiple (adjusted for size and gross margin).
wmis limited Estimated Valuation
Pomanda estimates the enterprise value of WMIS LIMITED at £4.8m based on an EBITDA of £866.5k and a 5.56x industry multiple (adjusted for size and gross margin).
wmis limited Estimated Valuation
Pomanda estimates the enterprise value of WMIS LIMITED at £32.8m based on Net Assets of £12.7m and 2.57x industry multiple (adjusted for liquidity).
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Wmis Limited Overview
Wmis Limited is a live company located in london, EC4N 6AF with a Companies House number of 01914327. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 1985, it's largest shareholder is warner music international services ltd with a 100% stake. Wmis Limited is a mature, large sized company, Pomanda has estimated its turnover at £56m with healthy growth in recent years.
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Wmis Limited Health Check
Pomanda's financial health check has awarded Wmis Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £56m, make it larger than the average company (£2.9m)
£56m - Wmis Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (2.3%)
9% - Wmis Limited
2.3% - Industry AVG
Production
with a gross margin of 3.7%, this company has a higher cost of product (38.5%)
3.7% - Wmis Limited
38.5% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (6.6%)
1.6% - Wmis Limited
6.6% - Industry AVG
Employees
with 411 employees, this is above the industry average (21)
- Wmis Limited
21 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
- Wmis Limited
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £136.1k, this is equally as efficient (£136.5k)
- Wmis Limited
£136.5k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (43 days)
27 days - Wmis Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (35 days)
13 days - Wmis Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 222 days, this is more than average (30 days)
222 days - Wmis Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (27 weeks)
0 weeks - Wmis Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.6%, this is a higher level of debt than the average (62.9%)
91.6% - Wmis Limited
62.9% - Industry AVG
WMIS LIMITED financials
Wmis Limited's latest turnover from September 2022 is £56 million and the company has net assets of £12.7 million. According to their latest financial statements, we estimate that Wmis Limited has 411 employees and maintains cash reserves of £110.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 55,953,364 | 50,595,422 | 38,785,296 | 42,916,857 | 43,256,681 | 46,776,170 | 46,204,501 | 43,323,479 | 37,122,444 | 25,170,497 | 26,172,466 | 29,197,503 | 35,359,207 | 35,664,771 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 53,893,478 | 47,055,584 | 36,729,511 | 42,208,909 | 41,822,783 | 45,428,394 | 44,915,597 | 44,115,135 | 36,221,565 | 25,148,124 | 26,113,338 | 28,976,876 | 34,951,863 | 36,114,421 |
| Gross Profit | 2,059,886 | 3,539,838 | 2,055,785 | 707,948 | 1,433,899 | 1,347,776 | 1,288,905 | -791,656 | 900,879 | 22,373 | 59,127 | 220,627 | 407,343 | -449,650 |
| Admin Expenses | 1,193,426 | 2,595,078 | 1,967,114 | 267,996 | 2,604,102 | 1,897,363 | 1,002,286 | 1,451,918 | 1,844,461 | 1,494,993 | 969,957 | 1,059,737 | 1,162,220 | 1,243,493 |
| Operating Profit | 866,460 | 944,760 | 88,671 | 439,952 | -1,170,203 | -549,587 | 286,619 | -2,243,574 | -943,582 | -1,472,620 | -910,830 | -839,110 | -754,877 | -1,693,143 |
| Interest Payable | 1,899,845 | 1,296,679 | 965,909 | 932,955 | 1,107,165 | 1,462,310 | 3,267,100 | 381,046 | 501,766 | 22,708 | 19,875 | 39,637 | 48,931 | 97,993 |
| Interest Receivable | 1,363,792 | 1,086,732 | 986,570 | 1,018,018 | 1,107,165 | 490,988 | 0 | 0 | 0 | 439 | 1,236 | 0 | 0 | 0 |
| Pre-Tax Profit | 330,408 | 734,813 | 109,332 | 525,016 | -1,170,203 | -1,520,909 | -2,980,482 | -2,624,620 | -1,445,348 | -1,494,888 | -929,468 | -878,746 | -803,807 | -1,791,136 |
| Tax | -66,254 | -125,624 | -30,131 | 273,484 | -5,327 | 8,879 | -10,550 | -1,180,915 | 568,284 | 329,463 | 217,103 | 232,447 | 200,294 | 555,542 |
| Profit After Tax | 264,154 | 609,189 | 79,201 | 798,500 | -1,175,530 | -1,512,031 | -2,991,032 | -3,805,535 | -877,063 | -1,165,425 | -712,365 | -646,300 | -603,513 | -1,235,594 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 264,154 | 609,189 | 79,201 | 798,500 | -1,175,530 | -1,512,031 | -2,991,032 | -3,805,535 | -877,063 | -1,165,425 | -712,365 | -646,300 | -603,513 | -1,235,594 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||||||
| EBITDA* | 866,460 | 944,760 | 88,671 | 450,928 | -1,092,071 | -372,902 | 461,579 | -2,044,839 | -769,483 | -1,386,168 | -801,362 | -688,445 | -669,737 | -1,642,453 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 10,654 | 88,786 | 262,880 | 408,967 | 595,384 | 315,365 | 256,844 | 360,719 | 197,207 | 191,150 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 10,654 | 88,786 | 262,880 | 408,968 | 595,385 | 315,366 | 256,844 | 360,719 | 197,208 | 191,151 |
| Stock & work in progress | 32,818,792 | 25,027,534 | 11,695,937 | 14,723,315 | 15,779,988 | 16,113,824 | 16,058,555 | 13,918,042 | 11,267,964 | 6,359,622 | 4,304,400 | 3,561,721 | 4,994,688 | 7,400,177 |
| Trade Debtors | 4,165,376 | 3,024,436 | 5,159,263 | 3,224,184 | 3,439,581 | 1,467,637 | 605,768 | 697,216 | 0 | 12,824 | 131,691 | 331,355 | 676,233 | 696,214 |
| Group Debtors | 98,472,724 | 73,154,362 | 63,847,279 | 49,285,648 | 25,486,992 | 14,153,422 | 12,416,036 | 4,890,367 | 3,461,443 | 1,293,378 | 1,240,796 | 282,167 | 1,111 | 493,222 |
| Misc Debtors | 17,009,981 | 2,348,132 | 3,143,939 | 7,979,511 | 2,072,272 | 2,905,087 | 2,494,285 | 3,332,512 | 4,292,518 | 1,512,495 | 844,851 | 735,154 | 1,354,955 | 985,002 |
| Cash | 110,136 | 1,307,004 | 63,705 | 51,221 | 0 | 0 | 0 | 27,921 | 640,552 | 400,585 | 278,598 | 635,520 | 734,440 | 152,037 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 9,766 | 24,618 | 0 | 0 | 0 | 318,706 | 0 | 0 | 0 |
| total current assets | 152,577,009 | 104,861,470 | 83,910,124 | 75,263,880 | 46,778,833 | 34,649,738 | 31,599,261 | 22,866,059 | 19,662,478 | 9,578,906 | 7,119,043 | 5,545,918 | 7,761,428 | 9,726,654 |
| total assets | 152,577,009 | 104,861,470 | 83,910,124 | 75,263,880 | 46,789,488 | 34,738,524 | 31,862,142 | 23,275,027 | 20,257,863 | 9,894,272 | 7,375,887 | 5,906,637 | 7,958,636 | 9,917,805 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,968,680 | 5,861,298 | 2,977,789 | 2,471,417 | 2,019,000 | 3,006,304 | 1,493,758 | 2,384,824 | 20,169,993 | 910,333 | 1,377,618 | 214,735 | 753 | 0 |
| Group/Directors Accounts | 93,356,565 | 68,409,912 | 59,892,390 | 45,410,226 | 22,995,649 | 13,128,829 | 31,505,187 | 19,742,137 | 0 | 4,326,429 | 2,516,380 | 1,230,339 | 3,506,543 | 5,032,310 |
| other short term finances | 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 |
| other current liabilities | 28,982,963 | 6,350,025 | 9,168,388 | 14,853,196 | 10,387,996 | 6,041,019 | 5,833,479 | 4,864,909 | 0 | 3,815,647 | 1,238,800 | 1,275,185 | 751,855 | 500,274 |
| total current liabilities | 124,308,209 | 80,621,236 | 72,038,567 | 62,734,839 | 35,402,646 | 22,176,152 | 38,832,425 | 26,991,870 | 20,169,993 | 9,052,410 | 5,132,798 | 2,720,268 | 4,259,152 | 5,532,584 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 15,530,889 | 11,765,616 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,530,890 | 11,765,617 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 139,839,098 | 92,386,853 | 72,038,567 | 62,734,839 | 35,402,646 | 22,176,152 | 38,832,425 | 26,991,870 | 20,169,993 | 9,052,410 | 5,132,798 | 2,720,268 | 4,259,152 | 5,532,584 |
| net assets | 12,737,911 | 12,474,617 | 11,871,556 | 12,529,041 | 11,386,842 | 12,562,372 | -6,970,283 | -3,716,843 | 87,871 | 841,862 | 2,243,089 | 3,186,370 | 3,699,484 | 4,385,220 |
| total shareholders funds | 12,737,911 | 12,474,617 | 11,871,556 | 12,529,041 | 11,386,842 | 12,562,372 | -6,970,283 | -3,716,843 | 87,871 | 841,862 | 2,243,089 | 3,186,370 | 3,699,484 | 4,385,220 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 866,460 | 944,760 | 88,671 | 439,952 | -1,170,203 | -549,587 | 286,619 | -2,243,574 | -943,582 | -1,472,620 | -910,830 | -839,110 | -754,877 | -1,693,143 |
| Depreciation | 0 | 0 | 0 | 10,976 | 78,132 | 176,685 | 174,960 | 198,735 | 174,099 | 86,452 | 109,468 | 150,665 | 85,140 | 50,690 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -66,254 | -125,624 | -30,131 | 273,484 | -5,327 | 8,879 | -10,550 | -1,180,915 | 568,284 | 329,463 | 217,103 | 232,447 | 200,294 | 555,542 |
| Stock | 7,791,258 | 13,331,597 | -3,027,378 | -1,056,673 | -333,836 | 55,269 | 2,140,512 | 2,650,078 | 4,908,342 | 2,055,222 | 742,679 | -1,432,967 | -2,405,489 | 7,400,177 |
| Debtors | 41,121,150 | 6,376,449 | 11,661,138 | 29,490,499 | 12,472,698 | 3,010,058 | 6,595,994 | 1,166,133 | 4,935,264 | 601,359 | 868,663 | -683,624 | -142,139 | 2,174,439 |
| Creditors | -3,892,617 | 2,883,508 | 506,372 | 452,417 | -987,304 | 1,512,546 | -891,066 | -17,785,169 | 19,259,659 | -467,284 | 1,162,882 | 213,982 | 753 | 0 |
| Accruals and Deferred Income | 22,632,938 | -2,818,363 | -5,684,808 | 4,465,200 | 4,346,977 | 207,540 | 968,570 | 4,864,909 | -3,815,647 | 2,576,847 | -36,385 | 523,330 | 251,581 | 500,274 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -29,371,881 | -18,823,765 | -13,753,656 | -22,791,797 | -9,876,587 | -1,709,264 | -8,207,973 | -19,962,225 | 5,399,207 | -1,603,723 | -1,069,104 | 2,397,905 | 2,330,519 | -10,161,253 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 24,946,653 | 8,517,522 | 59,892,390 | 22,414,576 | 9,866,821 | 0 | 11,763,050 | 19,742,137 | -4,326,429 | 1,810,050 | 1,286,040 | -2,276,203 | -1,525,767 | 5,032,310 |
| Other Short Term Loans | 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 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 3,765,273 | 11,765,616 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -536,053 | -209,947 | 20,661 | 85,063 | 0 | -971,322 | -3,267,100 | -381,046 | -501,766 | -22,269 | -18,639 | -39,637 | -48,931 | -97,993 |
| cash flow from financing | 28,175,013 | 20,067,063 | 59,176,366 | 22,843,338 | 9,866,821 | 20,073,364 | 8,233,542 | 19,361,912 | -4,705,124 | 1,551,979 | 1,036,486 | -2,182,654 | -1,656,921 | 10,555,131 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,196,868 | 1,243,299 | 12,484 | 51,221 | 0 | 0 | -27,921 | -612,630 | 239,966 | 121,988 | -356,922 | -98,920 | 582,403 | 152,037 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8 | 8 | 0 | 0 |
| change in cash | -1,196,868 | 1,243,299 | 12,484 | 51,221 | 0 | 0 | -27,921 | -612,630 | 239,966 | 121,988 | -356,914 | -98,928 | 582,403 | 152,037 |
wmis limited Credit Report and Business Information
Wmis Limited Competitor Analysis
Perform a competitor analysis for wmis limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
wmis limited Ownership
WMIS LIMITED group structure
Wmis Limited has no subsidiary companies.
Ultimate parent company
ACCESS INDUSTRIES LLC
#0058130
2 parents
WMIS LIMITED
01914327
wmis limited directors
Wmis Limited currently has 4 directors. The longest serving directors include Mr Paul Robinson (Sep 2019) and Mr Paul Robinson (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Robinson | United States | 66 years | Sep 2019 | - | Director |
| Mr Paul Robinson | United States | 66 years | Sep 2019 | - | Director |
| Mr Paul Seyde | England | 45 years | Sep 2019 | - | Director |
| Mr Russell Fogden | England | 56 years | Nov 2023 | - | Director |
P&L
September 2022turnover
56m
+11%
operating profit
866.5k
-8%
gross margin
3.7%
-47.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
12.7m
+0.02%
total assets
152.6m
+0.46%
cash
110.1k
-0.92%
net assets
Total assets minus all liabilities
wmis limited company details
company number
01914327
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 1985
age
39
accounts
Full Accounts
ultimate parent company
previous names
time warner limited (June 1992)
warner music international services limited (December 1991)
See moreincorporated
UK
address
cannon place, 78 cannon street, london, EC4N 6AF
last accounts submitted
September 2022
wmis 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 wmis limited.
wmis limited Companies House Filings - See Documents
| date | description | view/download |
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