westglobe electrics limited

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westglobe electrics limited Company Information

Share WESTGLOBE ELECTRICS LIMITED

Company Number

02267378

Directors

Bruce Young

Shareholders

bruce john young

sarah anne young

Group Structure

View All

Industry

Electrical installation

 

Registered Address

bryant house bryant road, strood, rochester, kent, ME2 3EW

Website

-

westglobe electrics limited Estimated Valuation

£22.2k

Pomanda estimates the enterprise value of WESTGLOBE ELECTRICS LIMITED at £22.2k based on a Turnover of £69.6k and 0.32x industry multiple (adjusted for size and gross margin).

westglobe electrics limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WESTGLOBE ELECTRICS LIMITED at £0 based on an EBITDA of £-12k and a 3.38x industry multiple (adjusted for size and gross margin).

westglobe electrics limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WESTGLOBE ELECTRICS LIMITED at £0 based on Net Assets of £-12.8k and 2.45x industry multiple (adjusted for liquidity).

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Westglobe Electrics Limited Overview

Westglobe Electrics Limited is a live company located in rochester, ME2 3EW with a Companies House number of 02267378. It operates in the electrical installation sector, SIC Code 43210. Founded in June 1988, it's largest shareholder is bruce john young with a 75% stake. Westglobe Electrics Limited is a mature, micro sized company, Pomanda has estimated its turnover at £69.6k with declining growth in recent years.

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Westglobe Electrics Limited Health Check

Pomanda's financial health check has awarded Westglobe Electrics Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £69.6k, make it smaller than the average company (£1.8m)

£69.6k - Westglobe Electrics Limited

£1.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.7%)

-6% - Westglobe Electrics Limited

6.7% - Industry AVG

production

Production

with a gross margin of 17.1%, this company has a higher cost of product (26%)

17.1% - Westglobe Electrics Limited

26% - Industry AVG

profitability

Profitability

an operating margin of -17.2% make it less profitable than the average company (6.5%)

-17.2% - Westglobe Electrics Limited

6.5% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (15)

2 - Westglobe Electrics Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)

£42.1k - Westglobe Electrics Limited

£42.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £34.8k, this is less efficient (£136.6k)

£34.8k - Westglobe Electrics Limited

£136.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is earlier than average (59 days)

32 days - Westglobe Electrics Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 114 days, this is slower than average (43 days)

114 days - Westglobe Electrics Limited

43 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Westglobe Electrics Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Westglobe Electrics Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 304.2%, this is a higher level of debt than the average (61.5%)

304.2% - Westglobe Electrics Limited

61.5% - Industry AVG

WESTGLOBE ELECTRICS LIMITED financials

EXPORTms excel logo

Westglobe Electrics Limited's latest turnover from March 2023 is estimated at £69.6 thousand and the company has net assets of -£12.8 thousand. According to their latest financial statements, Westglobe Electrics Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover69,63273,00677,44984,57587,331203,936155,177142,641114,36967,89483,673112,447129,92246,195
Other Income Or Grants
Cost Of Sales57,71160,55164,83969,68071,518167,017126,590114,98992,92555,19867,02389,973100,65835,743
Gross Profit11,92012,45512,61014,89515,81336,91928,58727,65221,44512,69616,65022,47329,26410,451
Admin Expenses23,93213,47612,61714,70720,06033,79132,17229,00223,6081,28317,05921,90928,27011,174
Operating Profit-12,012-1,021-7188-4,2473,128-3,585-1,350-2,16311,413-409564994-723
Interest Payable
Interest Receivable35481341814
Pre-Tax Profit-12,012-1,021-7188-4,2473,128-3,585-1,315-2,11511,426-4095681,011-709
Tax-36-594-2,628-148-283
Profit After Tax-12,012-1,021-7152-4,2472,534-3,585-1,315-2,1158,798-409420728-709
Dividends Paid
Retained Profit-12,012-1,021-7152-4,2472,534-3,585-1,315-2,1158,798-409420728-709
Employee Costs84,11680,36478,68381,088120,611116,086119,44739,52439,59637,55536,33936,25435,70336,252
Number Of Employees22223331111111
EBITDA*-12,012-1,021-7188-4,2473,128-3,585-1,350-1,96711,6713801,6862,4561,247

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets5,0156,7089,01311,64514,99119,9966556308262,4313,2204,2975,594
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets5,0156,7089,01311,64514,99119,9966556308262,4313,2204,2975,594
Stock & work in progress
Trade Debtors6,26214,83918,55912,33311,18152,51634,47235,54225,96218,30120,33126,55531,1897,304
Group Debtors
Misc Debtors3351,624570
Cash13,9635,37613131,5135,510
misc current assets6005735704,372
total current assets6,26215,17420,18312,90311,78153,08935,04239,91439,92523,67720,34426,56832,70212,814
total assets6,26220,18926,89121,91623,42668,08055,03840,56940,55524,50322,77529,78836,99918,408
Bank overdraft
Bank loan
Trade Creditors 18,03910,62513,58320,8398,40944,85628,98932,43233,84015,67322,74329,34736,97819,115
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities18,03910,62513,58320,8398,40944,85628,98932,43233,84015,67322,74329,34736,97819,115
loans
hp & lease commitments
Accruals and Deferred Income1,0116248138252,0732,3454,0152,739
other liabilities9,71612,25012,84416,53220,221
provisions
total long term liabilities1,01110,34013,06382514,91718,87724,2362,739
total liabilities19,05020,96526,64621,66423,32663,73353,22535,17133,84015,67322,74329,34736,97819,115
net assets-12,788-7762452521004,3471,8135,3986,7158,8303244121-707
total shareholders funds-12,788-7762452521004,3471,8135,3986,7158,8303244121-707
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-12,012-1,021-7188-4,2473,128-3,585-1,350-2,16311,413-409564994-723
Depreciation1962587891,1221,4621,970
Amortisation
Tax-36-594-2,628-148-283
Stock
Debtors-8,912-5,0097,2801,722-41,33518,044-1,0709,5807,661-2,030-6,224-4,63423,8857,304
Creditors7,414-2,958-7,25612,430-36,44715,867-3,443-1,40818,167-7,070-6,604-7,63117,86319,115
Accruals and Deferred Income387-189-12-1,248-272-1,6701,2762,739
Deferred Taxes & Provisions
Cash flow from operations4,701841-14,5559,612369-1,313-4,682-9,5998,5394,003-1,459-3,84913,058
Investing Activities
capital expenditure5,0151,6932,3052,6323,3465,005-19,341-251,347-45-165-7,564
Change in Investments
cash flow from investments5,0151,6932,3052,6323,3465,005-19,341-251,347-45-165-7,564
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-9,716-2,53412,250-12,844-3,688-3,68920,221
share issue-22
interest35481341814
cash flow from financing-9,716-2,53412,250-12,844-3,688-3,68920,22133481341816
cash and cash equivalents
cash-13,9638,5875,363-1,500-3,9975,510
overdraft
change in cash-13,9638,5875,363-1,500-3,9975,510

westglobe electrics limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Westglobe Electrics Limited Competitor Analysis

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Perform a competitor analysis for westglobe electrics limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in ME2 area or any other competitors across 12 key performance metrics.

westglobe electrics limited Ownership

WESTGLOBE ELECTRICS LIMITED group structure

Westglobe Electrics Limited has no subsidiary companies.

Ultimate parent company

WESTGLOBE ELECTRICS LIMITED

02267378

WESTGLOBE ELECTRICS LIMITED Shareholders

bruce john young 75%
sarah anne young 25%

westglobe electrics limited directors

Westglobe Electrics Limited currently has 1 director, Mr Bruce Young serving since Dec 1991.

officercountryagestartendrole
Mr Bruce YoungEngland68 years Dec 1991- Director

P&L

March 2023

turnover

69.6k

-5%

operating profit

-12k

0%

gross margin

17.2%

+0.35%

turnover

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

Balance Sheet

March 2023

net assets

-12.8k

+15.48%

total assets

6.3k

-0.69%

cash

0

0%

net assets

Total assets minus all liabilities

westglobe electrics limited company details

company number

02267378

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

June 1988

age

37

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2023

previous names

N/A

accountant

-

auditor

-

address

bryant house bryant road, strood, rochester, kent, ME2 3EW

Bank

-

Legal Advisor

-

westglobe electrics 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 westglobe electrics limited.

westglobe electrics 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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westglobe electrics limited Companies House Filings - See Documents

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