Westglobe Electrics Limited

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westglobe electrics limited Company Information

Company Number

02267378

Next Accounts

73 days late

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).

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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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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 Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	69,632	73,006	77,449	84,575	87,331	203,936	155,177	142,641	114,369	67,894	83,673	112,447	129,922	46,195
Other Income Or Grants
Cost Of Sales	57,711	60,551	64,839	69,680	71,518	167,017	126,590	114,989	92,925	55,198	67,023	89,973	100,658	35,743
Gross Profit	11,920	12,455	12,610	14,895	15,813	36,919	28,587	27,652	21,445	12,696	16,650	22,473	29,264	10,451
Admin Expenses	23,932	13,476	12,617	14,707	20,060	33,791	32,172	29,002	23,608	1,283	17,059	21,909	28,270	11,174
Operating Profit	-12,012	-1,021	-7	188	-4,247	3,128	-3,585	-1,350	-2,163	11,413	-409	564	994	-723
Interest Payable
Interest Receivable								35	48	13		4	18	14
Pre-Tax Profit	-12,012	-1,021	-7	188	-4,247	3,128	-3,585	-1,315	-2,115	11,426	-409	568	1,011	-709
Tax				-36		-594				-2,628		-148	-283
Profit After Tax	-12,012	-1,021	-7	152	-4,247	2,534	-3,585	-1,315	-2,115	8,798	-409	420	728	-709
Dividends Paid
Retained Profit	-12,012	-1,021	-7	152	-4,247	2,534	-3,585	-1,315	-2,115	8,798	-409	420	728	-709
Employee Costs	84,116	80,364	78,683	81,088	120,611	116,086	119,447	39,524	39,596	37,555	36,339	36,254	35,703	36,252
Number Of Employees	2	2	2	2	3	3	3	1	1	1	1	1	1	1
EBITDA*	-12,012	-1,021	-7	188	-4,247	3,128	-3,585	-1,350	-1,967	11,671	380	1,686	2,456	1,247

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets		5,015	6,708	9,013	11,645	14,991	19,996	655	630	826	2,431	3,220	4,297	5,594
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets		5,015	6,708	9,013	11,645	14,991	19,996	655	630	826	2,431	3,220	4,297	5,594
Stock & work in progress
Trade Debtors	6,262	14,839	18,559	12,333	11,181	52,516	34,472	35,542	25,962	18,301	20,331	26,555	31,189	7,304
Group Debtors
Misc Debtors		335	1,624	570
Cash									13,963	5,376	13	13	1,513	5,510
misc current assets					600	573	570	4,372
total current assets	6,262	15,174	20,183	12,903	11,781	53,089	35,042	39,914	39,925	23,677	20,344	26,568	32,702	12,814
total assets	6,262	20,189	26,891	21,916	23,426	68,080	55,038	40,569	40,555	24,503	22,775	29,788	36,999	18,408
Bank overdraft
Bank loan
Trade Creditors	18,039	10,625	13,583	20,839	8,409	44,856	28,989	32,432	33,840	15,673	22,743	29,347	36,978	19,115
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	18,039	10,625	13,583	20,839	8,409	44,856	28,989	32,432	33,840	15,673	22,743	29,347	36,978	19,115
loans
hp & lease commitments
Accruals and Deferred Income	1,011	624	813	825	2,073	2,345	4,015	2,739
other liabilities		9,716	12,250		12,844	16,532	20,221
provisions
total long term liabilities	1,011	10,340	13,063	825	14,917	18,877	24,236	2,739
total liabilities	19,050	20,965	26,646	21,664	23,326	63,733	53,225	35,171	33,840	15,673	22,743	29,347	36,978	19,115
net assets	-12,788	-776	245	252	100	4,347	1,813	5,398	6,715	8,830	32	441	21	-707
total shareholders funds	-12,788	-776	245	252	100	4,347	1,813	5,398	6,715	8,830	32	441	21	-707

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-12,012	-1,021	-7	188	-4,247	3,128	-3,585	-1,350	-2,163	11,413	-409	564	994	-723
Depreciation									196	258	789	1,122	1,462	1,970
Amortisation
Tax				-36		-594				-2,628		-148	-283
Stock
Debtors	-8,912	-5,009	7,280	1,722	-41,335	18,044	-1,070	9,580	7,661	-2,030	-6,224	-4,634	23,885	7,304
Creditors	7,414	-2,958	-7,256	12,430	-36,447	15,867	-3,443	-1,408	18,167	-7,070	-6,604	-7,631	17,863	19,115
Accruals and Deferred Income	387	-189	-12	-1,248	-272	-1,670	1,276	2,739
Deferred Taxes & Provisions
Cash flow from operations	4,701	841	-14,555	9,612	369	-1,313	-4,682	-9,599	8,539	4,003		-1,459	-3,849	13,058
Investing Activities
capital expenditure	5,015	1,693	2,305	2,632	3,346	5,005	-19,341	-25		1,347		-45	-165	-7,564
Change in Investments
cash flow from investments	5,015	1,693	2,305	2,632	3,346	5,005	-19,341	-25		1,347		-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	-2,534	12,250	-12,844	-3,688	-3,689	20,221
share issue								-2						2
interest								35	48	13		4	18	14
cash flow from financing	-9,716	-2,534	12,250	-12,844	-3,688	-3,689	20,221	33	48	13		4	18	16
cash and cash equivalents
cash								-13,963	8,587	5,363		-1,500	-3,997	5,510
overdraft
change in cash								-13,963	8,587	5,363		-1,500	-3,997	5,510

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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

officer	country	age	start	end	role
Mr Bruce Young	England	68 years	Dec 1991	-	Director

P&L

March 2023

turnover

69.6k

-5%

operating profit

-12k

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

net assets

Total assets minus all liabilities

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company number

02267378

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

June 1988

ultimate parent company

None

previous names

N/A

address

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

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.

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westglobe electrics limited Company Information

westglobe electrics limited Estimated Valuation

westglobe electrics limited Estimated Valuation

westglobe electrics limited Estimated Valuation

Westglobe Electrics Limited Overview

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WESTGLOBE ELECTRICS LIMITED financials

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