westminster land group limited

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westminster land group limited Company Information

Share WESTMINSTER LAND GROUP LIMITED

Company Number

02376036

Directors

Gideon Wood

Philip Wood

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Shareholders

west heath ltd

whitburn ltd

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Group Structure

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Industry

Development of building projects

 +2

Registered Address

167-169 great portland street,, 5th floor, london, W1W 5PF

westminster land group limited Estimated Valuation

£85.6m

Pomanda estimates the enterprise value of WESTMINSTER LAND GROUP LIMITED at £85.6m based on a Turnover of £39.6m and 2.16x industry multiple (adjusted for size and gross margin).

westminster land group limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WESTMINSTER LAND GROUP LIMITED at £0 based on an EBITDA of £-5.5k and a 6.95x industry multiple (adjusted for size and gross margin).

westminster land group limited Estimated Valuation

£35.4m

Pomanda estimates the enterprise value of WESTMINSTER LAND GROUP LIMITED at £35.4m based on Net Assets of £20.1m and 1.75x industry multiple (adjusted for liquidity).

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Westminster Land Group Limited Overview

Westminster Land Group Limited is a live company located in london, W1W 5PF with a Companies House number of 02376036. It operates in the development of building projects sector, SIC Code 41100. Founded in April 1989, it's largest shareholder is west heath ltd with a 20% stake. Westminster Land Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £39.6m with low growth in recent years.

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Westminster Land Group Limited Health Check

Pomanda's financial health check has awarded Westminster Land Group Limited a 3.5 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

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £39.6m, make it larger than the average company (£7.8m)

£39.6m - Westminster Land Group Limited

£7.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.6%)

0% - Westminster Land Group Limited

6.6% - Industry AVG

production

Production

with a gross margin of 21.1%, this company has a higher cost of product (45.3%)

21.1% - Westminster Land Group Limited

45.3% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (14.4%)

0% - Westminster Land Group Limited

14.4% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (40)

4 - Westminster Land Group Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £43k, the company has an equivalent pay structure (£43k)

£43k - Westminster Land Group Limited

£43k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £9.9m, this is more efficient (£215.9k)

£9.9m - Westminster Land Group Limited

£215.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 128 days, this is later than average (34 days)

128 days - Westminster Land Group Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 202 days, this is slower than average (37 days)

202 days - Westminster Land Group Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Westminster Land Group Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)

0 weeks - Westminster Land Group Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.9%, this is a lower level of debt than the average (64.2%)

52.9% - Westminster Land Group Limited

64.2% - Industry AVG

WESTMINSTER LAND GROUP LIMITED financials

EXPORTms excel logo

Westminster Land Group Limited's latest turnover from March 2024 is estimated at £39.6 million and the company has net assets of £20.1 million. According to their latest financial statements, Westminster Land Group Limited has 4 employees and maintains cash reserves of £156 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Jun 2012Jun 2011Jun 2010
Turnover39,642,46834,302,08642,432,33039,379,09442,154,50939,375,72839,655,45736,586,30136,441,28543,521,12455,852,73551,125,10146,578,27741,077,550
Other Income Or Grants
Cost Of Sales31,269,46927,204,85333,889,05831,359,98933,329,57331,232,83432,113,30829,312,63729,643,94535,769,01246,397,36141,889,49438,036,54033,104,531
Gross Profit8,372,9997,097,2338,543,2728,019,1058,824,9368,142,8947,542,1497,273,6646,797,3407,752,1129,455,3749,235,6078,541,7387,973,019
Admin Expenses8,388,9854,830,6947,299,4247,105,7056,851,6407,252,7846,286,5404,949,3955,047,7224,484,4079,686,9219,593,2318,940,9249,662,212
Operating Profit-15,9862,266,5391,243,848913,4001,973,296890,1101,255,6092,324,2691,749,6183,267,705-231,547-357,624-399,186-1,689,193
Interest Payable225,000717,500894,3751,113,2501,212,375666,5631,018,128957,369497,536
Interest Receivable11,1399,5291,7024043526313,6201,7055286194852,36110,4238,281
Pre-Tax Profit-229,8471,558,568351,175-199,446761,273224,178241,1011,368,6051,252,6103,268,324-231,062-355,263-388,763-1,680,912
Tax-296,128-66,723-144,642-42,594-45,809-273,721-250,522-686,348
Profit After Tax-229,8471,262,440284,452-199,446616,631181,584195,2921,094,8841,002,0882,581,976-231,062-355,263-388,763-1,680,912
Dividends Paid
Retained Profit-229,8471,262,440284,452-199,446616,631181,584195,2921,094,8841,002,0882,581,976-231,062-355,263-388,763-1,680,912
Employee Costs172,095163,589156,206148,117149,535146,879145,904143,000140,1173,469,1744,439,4674,242,6273,900,0263,425,038
Number Of Employees444444444103137135128113
EBITDA*-5,5362,272,6181,248,474918,4961,983,154896,8881,265,0442,330,6011,756,3443,288,705-227,493-354,407-395,454-1,686,007

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Jun 2012Jun 2011Jun 2010
Tangible Assets30,97237,7472,6168,17913,27510,7899,53218,96716,64623,3728,0004,5707,7877,968
Intangible Assets
Investments & Other24,585,63623,721,03724,699,89525,307,10127,447,86829,185,66924,268,66125,401,07827,552,6359,432,1484,0002,8003,8003,700
Debtors (Due After 1 year)4,056,5393,781,7453,696,7973,612,5253,538,5193,466,901946,291944,888744,352975,672840,1931,153,4601,210,293
Total Fixed Assets28,673,14727,540,52928,399,30828,927,80530,999,66232,663,35925,224,48426,364,93328,313,6339,455,520987,672847,5631,165,0471,221,961
Stock & work in progress
Trade Debtors13,905,30613,878,58518,827,20818,982,45619,850,63018,769,04519,237,64717,089,58516,964,99413,961,35415,692,32815,083,23213,934,54311,754,499
Group Debtors
Misc Debtors3,428,893
Cash155,954268,379180,026273,813535,097168,132153,5671,294,50169,424141,702106,00087,883856,4653,312,567
misc current assets
total current assets14,061,26014,146,96419,007,23419,256,26920,385,72718,937,17719,391,21418,384,08617,034,41817,531,94915,798,32815,171,11514,791,00815,067,066
total assets42,734,40741,687,49347,406,54248,184,07451,385,38951,600,53644,615,69844,749,01945,348,05126,987,46916,786,00016,018,67815,956,05516,289,027
Bank overdraft
Bank loan
Trade Creditors 17,356,59612,652,98212,428,4996,365,4833,726,5863,540,2562,509,4682,504,1801,983,7914,706,70811,406,00010,408,6369,989,7509,933,959
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities17,356,59612,652,98212,428,4996,365,4833,726,5863,540,2562,509,4682,504,1801,983,7914,706,70811,406,00010,408,6369,989,7509,933,959
loans4,000,00010,000,00016,500,00020,000,00019,750,00016,000,00015,327,00015,308,805
hp & lease commitments
Accruals and Deferred Income
other liabilities14,318,805
provisions5,233,3443,697,6493,854,4293,943,1904,339,9584,463,8463,807,2743,999,2074,645,871
total long term liabilities5,233,3447,697,64913,854,42920,443,19024,339,95824,213,84619,807,27419,326,20719,954,67614,318,805
total liabilities22,589,94020,350,63126,282,92826,808,67328,066,54427,754,10222,316,74221,830,38721,938,46719,025,51311,406,00010,408,6369,989,7509,933,959
net assets20,144,46721,336,86221,123,61421,375,40123,318,84523,846,43422,298,95622,918,63223,409,5847,961,9565,380,0005,610,0425,966,3056,355,068
total shareholders funds20,144,46721,336,86221,123,61421,375,40123,318,84523,846,43422,298,95622,918,63223,409,5847,961,9565,380,0005,610,0425,966,3056,355,068
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-15,9862,266,5391,243,848913,4001,973,296890,1101,255,6092,324,2691,749,6183,267,705-231,547-357,624-399,186-1,689,193
Depreciation10,4506,0794,6265,0969,8586,7789,4356,3326,72621,0004,0543,2173,7323,186
Amortisation
Tax-296,128-66,723-144,642-42,594-45,809-273,721-250,522-686,348
Stock
Debtors301,515-4,863,675-70,976-794,1681,153,20322,235,9462,149,465325,127319,099722,247744,575835,4222,123,21112,964,792
Creditors4,703,614224,4836,063,0162,638,897186,3303,540,2565,288520,389-2,722,917-6,699,292997,364418,88655,7919,933,959
Accruals and Deferred Income
Deferred Taxes & Provisions1,535,695-156,780-88,761-396,768-123,8884,463,846-191,933-646,6644,645,871
Cash flow from operations5,932,2586,907,8687,226,9823,954,793747,751-13,377,550-1,116,8751,605,4783,109,677-4,819,18225,296-770,943-2,462,874-4,716,840
Investing Activities
capital expenditure-3,675-41,210937-12,344-17,567-8,653-36,372-7,484-3,551-11,154
Change in Investments864,599-978,858-607,206-2,140,767-1,737,80129,185,669-1,132,417-2,151,55718,120,4879,428,1481,200-1,0001003,700
cash flow from investments-868,274937,648608,1432,140,7671,725,457-29,203,2361,132,4172,142,904-18,120,487-9,464,520-8,6841,000-3,651-14,854
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-4,000,000-6,000,000-6,500,000-3,500,000250,00019,750,000673,00018,19515,308,805
Hire Purchase and Lease Commitments
other long term liabilities-14,318,80514,318,805
share issue-962,548-1,049,192-536,239-1,743,998-1,144,22023,664,850-814,968-1,585,83614,445,540-201,020-1,0008,035,980
interest-213,861-707,971-892,673-1,112,846-1,212,023-665,932-1,014,508-955,664-497,0086194852,36110,4238,281
cash flow from financing-5,176,409-7,757,163-7,928,912-6,356,844-2,106,24342,748,918-1,156,476-2,523,30514,938,53214,319,4041,5051,36110,4238,044,261
cash and cash equivalents
cash-112,42588,353-93,787-261,284366,965168,132-1,140,9341,225,077-72,27835,70218,117-768,582-2,456,1023,312,567
overdraft
change in cash-112,42588,353-93,787-261,284366,965168,132-1,140,9341,225,077-72,27835,70218,117-768,582-2,456,1023,312,567

westminster land group limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Westminster Land Group Limited Competitor Analysis

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Perform a competitor analysis for westminster land group limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in W1W area or any other competitors across 12 key performance metrics.

westminster land group limited Ownership

WESTMINSTER LAND GROUP LIMITED group structure

Westminster Land Group Limited has 37 subsidiary companies.

Ultimate parent company

WESTMINSTER LAND GROUP LIMITED

02376036

37 subsidiaries

WESTMINSTER LAND GROUP LIMITED Shareholders

west heath ltd 20%
whitburn ltd 20%
walsgrave ltd 20%
westerly ltd 20%
trustee of john gordon kingsleigh wood 10%
trustee of diane maureen wood 10%

westminster land group limited directors

Westminster Land Group Limited currently has 4 directors. The longest serving directors include Mr Gideon Wood (Nov 2005) and Mr Philip Wood (Sep 2013).

officercountryagestartendrole
Mr Gideon WoodEngland55 years Nov 2005- Director
Mr Philip WoodEngland60 years Sep 2013- Director
Miss Catherine WoodEngland63 years Sep 2013- Director
Mr David WoodEngland62 years Sep 2013- Director

P&L

March 2024

turnover

39.6m

+16%

operating profit

-16k

0%

gross margin

21.2%

+2.08%

turnover

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

Balance Sheet

March 2024

net assets

20.1m

-0.06%

total assets

42.7m

+0.03%

cash

156k

-0.42%

net assets

Total assets minus all liabilities

westminster land group limited company details

company number

02376036

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

41100 - Development of building projects

70100 - Activities of head offices

incorporation date

April 1989

age

36

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

March 2024

previous names

the golden square property group limited (September 1989)

locksnow limited (June 1989)

accountant

-

auditor

-

address

167-169 great portland street,, 5th floor, london, W1W 5PF

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

-

westminster land group 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 4 charges/mortgages relating to westminster land group limited. Currently there are 0 open charges and 4 have been satisfied in the past.

westminster land group 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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westminster land group limited Companies House Filings - See Documents

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