W B Power Services Limited

POWER SEARCH PRICING

SOLUTIONS

w b power services limited Company Information

Live

MatureMegaRapid

Company Number

02120023

Website

www.wbpsltd.co.uk

Registered Address

heanor gate road, heanor, derbyshire, DE75 7RJ

Industry

Manufacture of railway locomotives and rolling stock

Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

Telephone

01159444422

Next Accounts Due

January 2025

Group Structure

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Directors

Valerie Wilmott24 Years

Andrew Wilmott23 Years

View All

Shareholders

the willmot group limited 50%

the wilmott group limited 50%

w b power services limited Estimated Valuation

£171.1m

Pomanda estimates the enterprise value of W B POWER SERVICES LIMITED at £171.1m based on an EBITDA of £16.4m and a 10.42x industry multiple (adjusted for size and gross margin).

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W B Power Services Limited is a live company located in derbyshire, DE75 7RJ with a Companies House number of 02120023. It operates in the manufacture of engines and turbines, except aircraft, vehicle and cycle engines sector, SIC Code 28110. Founded in April 1987, it's largest shareholder is the willmot group limited with a 50% stake. W B Power Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £109.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded W B Power Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

1 Regular

3 Weak

Size

annual sales of £109.1m, make it larger than the average company (£14.8m)

Growth

3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (5.7%)

EXPORT

W B Power Services Limited's latest turnover from April 2023 is £109.1 million and the company has net assets of £13.8 million. According to their latest financial statements, W B Power Services Limited has 221 employees and maintains cash reserves of £20.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	109,132,696	52,250,015	44,505,607	25,743,357	21,916,430	17,239,051	15,960,973	14,731,105	12,490,391	11,821,459	10,020,162	9,221,973	8,908,907	13,430,539
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	83,578,817	36,925,563	33,703,347	18,392,917	15,287,168	11,201,205	10,880,472	10,081,556	8,821,027	8,909,454	7,376,615	6,583,406	6,362,931	10,910,646
Gross Profit	25,553,879	15,324,452	10,802,260	7,350,440	6,629,262	6,037,846	5,080,501	4,649,549	3,669,364	2,912,005	2,643,547	2,638,567	2,545,976	2,519,893
Admin Expenses	12,225,194	9,667,845	6,957,060	5,309,771	4,903,590	4,060,944	3,716,887	3,094,600	2,685,685	2,606,803	2,033,828	2,086,607	2,023,052	1,971,792
Operating Profit	13,328,685	5,656,607	3,845,200	2,040,669	1,725,672	1,976,902	1,363,614	1,554,949	983,679	305,202	609,719	551,960	522,924	548,101
Interest Payable	895,056	636,355	283,380	267,286	230,362	190,282	137,756	72,791	86,077	34,968	32,484	28,705	28,182	4,123
Interest Receivable	0	404	73	0	232	0	0	0	0	0	5	52	0	196
Pre-Tax Profit	12,433,629	5,020,656	3,561,893	1,773,383	1,495,542	1,786,620	1,225,858	1,482,158	897,602	270,234	577,240	523,307	494,742	544,174
Tax	-2,396,857	-1,152,441	-429,768	-239,602	-162,315	-266,114	-89,710	-306,206	-196,066	-67,751	-115,326	-118,060	-154,512	-152,369
Profit After Tax	10,036,772	3,868,215	3,132,125	1,533,781	1,333,227	1,520,506	1,136,148	1,175,952	701,536	202,483	461,914	405,247	340,230	391,805
Dividends Paid	3,840,548	2,112,038	1,585,804	909,866	834,098	643,540	635,639	595,615	464,265	494,391	348,219	368,154	324,220	0
Retained Profit	6,196,224	1,756,177	1,546,321	623,915	499,129	876,966	500,509	580,337	237,271	-291,908	113,695	37,093	16,010	391,805
Employee Costs	10,399,688	8,024,877	6,118,571	4,588,361	4,406,689	3,768,237	3,524,745	2,921,049	2,620,690	2,440,927	1,963,411	1,986,518	1,747,687	2,612,286
Number Of Employees	221	177	137	112	114	101	96	86	81	76	65	67	61	73
EBITDA*	16,416,962	8,191,863	5,310,201	3,138,740	2,546,739	2,758,046	1,962,386	1,910,654	1,229,733	493,874	771,715	718,619	675,387	670,296

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	31,937,994	22,073,176	19,536,189	11,105,338	9,992,640	7,301,571	6,681,494	4,194,613	2,637,124	2,324,442	1,424,096	1,427,112	1,546,684	1,128,581
Intangible Assets	151,030	0	0	0	0	0	0	0	0	0	0	3,852	7,705	11,557
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	32,089,024	22,073,176	19,536,189	11,105,338	9,992,640	7,301,571	6,681,494	4,194,613	2,637,124	2,324,442	1,424,096	1,430,964	1,554,389	1,140,138
Stock & work in progress	11,369,921	2,929,667	2,288,618	2,647,618	1,789,345	2,111,566	1,148,942	1,155,594	657,259	675,240	587,375	603,968	717,182	642,305
Trade Debtors	19,526,974	16,375,253	9,274,817	5,077,139	3,535,438	3,320,799	2,201,762	2,583,502	1,856,138	1,845,569	1,789,639	1,429,501	1,925,046	1,296,604
Group Debtors	116,208	38,105	0	27,882	0	0	0	0	0	0	0	0	0	0
Misc Debtors	799,709	503,874	582,350	478,108	1,462,816	285,566	256,653	121,482	161,949	152,485	143,017	134,118	94,312	14,997
Cash	20,341,868	7,135,420	2,236,399	1,544,148	296,443	551,238	21,973	26,797	19,265	6,530	5,257	6,254	6,897	78,324
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	52,154,680	26,982,319	14,382,184	9,774,895	7,084,042	6,269,169	3,629,330	3,887,375	2,694,611	2,679,824	2,525,288	2,173,841	2,743,437	2,032,230
total assets	84,243,704	49,055,495	33,918,373	20,880,233	17,076,682	13,570,740	10,310,824	8,081,988	5,331,735	5,004,266	3,949,384	3,604,805	4,297,826	3,172,368
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	50,003	42,728	0
Bank loan	1,561,822	240,122	363,813	402,887	500,947	516,324	456,170	230,161	93,679	95,675	25,314	14,102	13,726	0
Trade Creditors	25,902,131	14,011,564	10,390,523	6,558,339	5,955,934	3,589,235	2,187,339	2,226,682	1,298,998	1,252,044	1,131,753	860,731	1,103,176	2,102,396
Group/Directors Accounts	0	0	0	0	0	0	0	135,000	10,060	0	0	0	0	0
other short term finances	45,352	44,601	484,708	335,461	0	1,452,921	967,146	1,136,479	874,270	1,271,973	830,939	765,123	511,776	0
hp & lease commitments	3,930,080	3,373,559	2,066,132	976,164	906,069	562,330	403,243	281,645	278,682	197,958	149,765	118,786	142,586	0
other current liabilities	24,532,851	10,822,415	5,975,757	3,176,773	1,061,954	1,068,386	450,337	438,263	575,591	432,316	459,250	438,339	1,028,189	0
total current liabilities	55,972,236	28,492,261	19,280,933	11,449,624	8,424,904	7,189,196	4,464,235	4,448,230	3,131,280	3,249,966	2,597,021	2,247,084	2,842,181	2,102,396
loans	1,352,210	1,952,296	2,202,889	1,751,714	2,063,097	2,081,078	2,259,621	774,978	331,032	425,158	144,372	140,910	156,786	126,870
hp & lease commitments	8,494,317	8,659,656	5,481,443	2,868,646	2,571,949	899,909	1,086,594	893,972	594,848	376,208	177,916	285,757	389,572	0
Accruals and Deferred Income	1,549	1,549	1,549	1,549	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	290,006
provisions	4,643,575	2,246,718	1,094,277	597,248	441,083	392,417	368,281	332,000	227,000	153,000	107,000	121,674	137,000	75,000
total long term liabilities	14,491,651	12,860,219	8,780,158	5,219,157	5,076,129	3,373,404	3,714,496	2,000,950	1,152,880	954,366	429,288	548,341	683,358	491,876
total liabilities	70,463,887	41,352,480	28,061,091	16,668,781	13,501,033	10,562,600	8,178,731	6,449,180	4,284,160	4,204,332	3,026,309	2,795,425	3,525,539	2,594,272
net assets	13,779,817	7,703,015	5,857,282	4,211,452	3,575,649	3,008,140	2,132,093	1,632,808	1,047,575	799,934	923,075	809,380	772,287	578,096
total shareholders funds	13,779,817	7,703,015	5,857,282	4,211,452	3,575,649	3,008,140	2,132,093	1,632,808	1,047,575	799,934	923,075	809,380	772,287	578,096

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	13,328,685	5,656,607	3,845,200	2,040,669	1,725,672	1,976,902	1,363,614	1,554,949	983,679	305,202	609,719	551,960	522,924	548,101
Depreciation	3,088,277	2,535,256	1,465,001	1,098,071	821,067	781,144	598,772	355,705	246,054	188,672	158,144	162,806	148,611	118,343
Amortisation	0	0	0	0	0	0	0	0	0	0	3,852	3,853	3,852	3,852
Tax	-2,396,857	-1,152,441	-429,768	-239,602	-162,315	-266,114	-89,710	-306,206	-196,066	-67,751	-115,326	-118,060	-154,512	-152,369
Stock	8,440,254	641,049	-359,000	858,273	-322,221	962,624	-6,652	498,335	-17,981	87,865	-16,593	-113,214	74,877	642,305
Debtors	3,525,659	7,060,065	4,274,038	584,875	1,391,889	1,147,950	-246,569	686,897	20,033	65,398	369,037	-455,739	707,757	1,311,601
Creditors	11,890,567	3,621,041	3,832,184	602,405	2,366,699	1,401,896	-39,343	927,684	46,954	120,291	271,022	-242,445	-999,220	2,102,396
Accruals and Deferred Income	13,710,436	4,846,658	2,798,984	2,116,368	-6,432	618,049	12,074	-137,328	143,275	-26,934	20,911	-589,850	1,028,189	0
Deferred Taxes & Provisions	2,396,857	1,152,441	497,029	156,165	48,666	24,136	36,281	105,000	74,000	46,000	-14,674	-15,326	62,000	75,000
Cash flow from operations	30,052,052	8,958,448	8,093,592	4,330,928	3,723,689	2,425,439	2,134,909	1,314,572	1,295,844	412,217	581,204	321,891	-170,790	741,417
Investing Activities
capital expenditure	0	0	0	0	0	-925,278	-2,103,674	-1,282,817	69,758	-482,047	-106,129	-35,781	-63,506	-1,262,333
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-925,278	-2,103,674	-1,282,817	69,758	-482,047	-106,129	-35,781	-63,506	-1,262,333
Financing Activities
Bank loans	1,321,700	-123,691	-39,074	-98,060	-15,377	60,154	226,009	136,482	-1,996	70,361	11,212	376	13,726	0
Group/Directors Accounts	0	0	0	0	0	0	-135,000	124,940	10,060	0	0	0	0	0
Other Short Term Loans	751	-440,107	149,247	335,461	-1,452,921	485,775	-169,333	262,209	-397,703	441,034	65,816	253,347	511,776	0
Long term loans	-600,086	-250,593	451,175	-311,383	-17,981	-178,543	1,484,643	443,946	-94,126	280,786	3,462	-15,876	29,916	126,870
Hire Purchase and Lease Commitments	391,182	4,485,640	3,702,765	366,792	2,015,779	-27,598	314,220	302,087	299,364	246,485	-76,862	-127,615	532,158	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-290,006	290,006
share issue	-119,422	89,556	99,509	11,888	68,380	-919	-1,224	4,896	10,370	168,767	0	0	178,181	186,291
interest	-895,056	-635,951	-283,307	-267,286	-230,130	-190,282	-137,756	-72,791	-86,077	-34,968	-32,479	-28,653	-28,182	-3,927
cash flow from financing	99,069	3,124,854	4,080,315	37,412	367,750	148,587	1,581,559	1,201,769	-260,108	1,172,465	-28,851	81,579	947,569	599,240
cash and cash equivalents
cash	13,206,448	4,899,021	692,251	1,247,705	-254,795	529,265	-4,824	7,532	12,735	1,273	-997	-643	-71,427	78,324
overdraft	0	0	0	0	0	0	0	0	0	0	-50,003	7,275	42,728	0
change in cash	13,206,448	4,899,021	692,251	1,247,705	-254,795	529,265	-4,824	7,532	12,735	1,273	49,006	-7,918	-114,155	78,324

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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W B POWER SERVICES LIMITED group structure

W B Power Services Limited has no subsidiary companies.

Ultimate parent company

W B POWER SERVICES LIMITED

02120023

W B POWER SERVICES LIMITED Shareholders

the willmot group limited	50%
the wilmott group limited	50%

W B Power Services Limited currently has 12 directors. The longest serving directors include Ms Valerie Wilmott (Jun 2000) and Mr Andrew Wilmott (Jun 2001).

officer	country	age	start	end	role
Ms Valerie Wilmott	England	69 years	Jun 2000	-	Director
Mr Andrew Wilmott	England	47 years	Jun 2001	-	Director
Mr Christopher Wilmott	England	43 years	Jan 2011	-	Director
Mr Daniel Buttar	England	44 years	Jan 2011	-	Director
Mr David Grummitt	England	55 years	Jul 2019	-	Director
Mr Richard Carter	England	44 years	Jun 2021	-	Director
Mr Matthew Muhl	England	42 years	Jun 2021	-	Director
Mr Phil Hamblett	England	47 years	Jun 2021	-	Director
Mr David Ball	England	61 years	May 2022	-	Director
Mr Richard Betteridge	England	45 years	Jul 2022	-	Director

P&L

April 2023

turnover

109.1m

+109%

operating profit

13.3m

+136%

gross margin

23.5%

-20.16%

turnover

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

Balance Sheet

April 2023

net assets

13.8m

+0.79%

total assets

84.2m

+0.72%

cash

20.3m

+1.85%

net assets

Total assets minus all liabilities

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company number

02120023

Type

Private limited with Share Capital

industry

30200 - Manufacture of railway locomotives and rolling stock

28110 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

incorporation date

April 1987

ultimate parent company

None

previous names

wilmott brothers plant services limited (October 2003)

address

heanor gate road, heanor, derbyshire, DE75 7RJ

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 16 charges/mortgages relating to w b power services limited. Currently there are 9 open charges and 7 have been satisfied in the past.

w b power services limited Company Information

w b power services limited Estimated Valuation

w b power services limited Estimated Valuation

w b power services limited Estimated Valuation

W B Power Services Limited Overview

W B Power Services Limited Health Check

W B POWER SERVICES LIMITED financials

w b power services limited Credit Report and Business Information

W B Power Services Limited Competitor Analysis

w b power services limited Ownership

w b power services limited directors

w b power services limited company details

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