Westerby Trustee Services Limited

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westerby trustee services limited Company Information

Company Number

02562924

Next Accounts

4 days late

Directors

Leslie McLintic

Ian Jarvis

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Shareholders

westerby holdings ltd

l.j. mclintic

Group Structure

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Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Registered Address

the crescent king street, leicester, LE1 6RX

Website

www.westerby.co.uk

westerby trustee services limited Estimated Valuation

£9m

Pomanda estimates the enterprise value of WESTERBY TRUSTEE SERVICES LIMITED at £9m based on a Turnover of £6.3m and 1.43x industry multiple (adjusted for size and gross margin).

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Westerby Trustee Services Limited is a live company located in leicester, LE1 6RX with a Companies House number of 02562924. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in November 1990, it's largest shareholder is westerby holdings ltd with a 99.9% stake. Westerby Trustee Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Westerby Trustee Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £6.3m, make it larger than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (3.7%)

EXPORT

Westerby Trustee Services Limited's latest turnover from June 2023 is estimated at £6.3 million and the company has net assets of £2.1 million. According to their latest financial statements, Westerby Trustee Services Limited has 52 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Aug 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	6,295,869	5,175,420	4,126,463	4,297,205	4,232,592	3,754,977	3,381,369	1,292,979	839,792	1,004,251	784,822	763,569	538,994	392,804
Other Income Or Grants
Cost Of Sales	2,738,734	2,165,514	1,701,297	1,732,679	1,711,509	1,478,652	1,313,207	455,130	288,232	382,549	298,429	310,432	222,328	166,162
Gross Profit	3,557,135	3,009,906	2,425,166	2,564,527	2,521,083	2,276,326	2,068,162	837,849	551,560	621,702	486,393	453,137	316,666	226,642
Admin Expenses	2,970,114	2,785,932	2,334,658	2,502,478	2,315,972	2,033,923	1,851,163	480,799	435,786	566,687	442,118	348,811	259,941	237,228
Operating Profit	587,021	223,974	90,508	62,049	205,111	242,403	216,999	357,050	115,774	55,015	44,275	104,326	56,725	-10,586
Interest Payable
Interest Receivable	97,252	20,431	1,649	1,520	9,854	5,444	1,514	390	183	133	340	358	91	19
Pre-Tax Profit	684,273	244,405	92,157	63,569	214,964	247,847	218,512	357,440	115,956	55,148	44,614	104,684	56,816	-10,567
Tax	-171,068	-46,437	-17,510	-12,078	-40,843	-47,091	-41,517	-71,488	-23,191	-11,581	-10,261	-25,124	-14,772
Profit After Tax	513,205	197,968	74,647	51,491	174,121	200,756	176,995	285,952	92,765	43,567	34,353	79,560	42,044	-10,567
Dividends Paid
Retained Profit	513,205	197,968	74,647	51,491	174,121	200,756	176,995	285,952	92,765	43,567	34,353	79,560	42,044	-10,567
Employee Costs	3,914,425	3,255,146	2,823,021	2,823,724	2,573,977	2,355,570	2,045,992	495,186	292,809	352,126	292,432	224,397	227,124	167,137
Number Of Employees	52	44	41	41	37	35	32	8	5	6	5	4	4	3
EBITDA*	616,303	239,122	105,365	77,503	220,393	253,951	218,697	359,015	117,493	56,633	45,513	105,393	57,750	-8,678

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Aug 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	26,910	33,284	40,084	43,942	47,731	40,496	31,590	24,210	22,378	21,510	16,266	14,181	13,606	13,989
Intangible Assets	129,374	137,249
Investments & Other								555,878	364,000	236,000	232,800
Debtors (Due After 1 year)											7,137	8,222	16,735	20,499
Total Fixed Assets	156,284	170,533	40,084	43,942	47,731	40,496	31,590	580,088	386,378	257,510	256,203	22,403	30,341	34,488
Stock & work in progress
Trade Debtors	286,527	176,972	102,251	128,887	199,699	126,155	154,761	178,956	111,516	138,295	99,982	98,394	70,467	51,543
Group Debtors	67,767	110,399	21,636			4,600	4,000	4,000
Misc Debtors	211,967	173,304	171,818	98,952	142,480	109,231	69,130	39,950
Cash	2,267,915	1,622,167	1,646,852	1,651,106	1,389,856	1,237,751	939,885	271,111	41,060	31,985	21,299	114,504	28,710	7,746
misc current assets
total current assets	2,834,176	2,082,842	1,942,557	1,878,945	1,732,035	1,477,737	1,167,776	494,017	152,576	170,280	121,281	212,898	99,177	59,289
total assets	2,990,460	2,253,375	1,982,641	1,922,887	1,779,766	1,518,233	1,199,366	1,074,105	538,954	427,790	377,484	235,301	129,518	93,777
Bank overdraft
Bank loan
Trade Creditors	213,678	76,621	73,805	54,576	64,568	73,004	88,527	27,582	144,551	126,782	120,942	105,568	78,765	74,113
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	421,085	306,385	240,151	271,727	219,821	183,235	157,742	279,421
total current liabilities	634,763	383,006	313,956	326,303	284,389	256,239	246,269	307,003	144,551	126,782	120,942	105,568	78,765	74,113
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities													891	1,785
provisions	246,740	274,617	270,901	273,447	223,731	164,469	56,328	13,423	4,581	3,951	3,052	1,596	1,285	11,346
total long term liabilities	246,740	274,617	270,901	273,447	223,731	164,469	56,328	13,423	4,581	3,951	3,052	1,596	2,176	13,131
total liabilities	881,503	657,623	584,857	599,750	508,120	420,708	302,597	320,426	149,132	130,733	123,994	107,164	80,941	87,244
net assets	2,108,957	1,595,752	1,397,784	1,323,137	1,271,646	1,097,525	896,769	753,679	389,822	297,057	253,490	128,137	48,577	6,533
total shareholders funds	2,108,957	1,595,752	1,397,784	1,323,137	1,271,646	1,097,525	896,769	753,679	389,822	297,057	253,490	128,137	48,577	6,533

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Aug 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	587,021	223,974	90,508	62,049	205,111	242,403	216,999	357,050	115,774	55,015	44,275	104,326	56,725	-10,586
Depreciation	14,907	15,148	14,857	15,454	15,282	11,548	1,698	1,965	1,719	1,618	1,238	1,067	1,025	1,908
Amortisation	14,375
Tax	-171,068	-46,437	-17,510	-12,078	-40,843	-47,091	-41,517	-71,488	-23,191	-11,581	-10,261	-25,124	-14,772
Stock
Debtors	105,586	164,970	67,866	-114,340	102,193	12,095	4,985	111,390	-26,779	31,176	503	19,414	15,160	72,042
Creditors	137,057	2,816	19,229	-9,992	-8,436	-15,523	60,945	-116,969	17,769	5,840	15,374	26,803	4,652	74,113
Accruals and Deferred Income	114,700	66,234	-31,576	51,906	36,586	25,493	-121,679	279,421
Deferred Taxes & Provisions	-27,877	3,716	-2,546	49,716	59,262	108,141	42,905	8,842	630	899	1,456	311	-10,061	11,346
Cash flow from operations	563,529	100,481	5,096	271,395	164,769	312,876	154,366	347,431	139,480	20,615	51,579	87,969	22,409	4,739
Investing Activities
capital expenditure	-15,033	-145,597	-10,999	-11,665	-22,517	-20,454	-9,078	-3,797	-2,587	-6,862	-3,323	-1,642	-642	-15,897
Change in Investments							-555,878	191,878	128,000	3,200	232,800
cash flow from investments	-15,033	-145,597	-10,999	-11,665	-22,517	-20,454	546,800	-195,675	-130,587	-10,062	-236,123	-1,642	-642	-15,897
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities												-891	-894	1,785
share issue							-33,905	77,905			91,000			17,100
interest	97,252	20,431	1,649	1,520	9,854	5,444	1,514	390	183	133	340	358	91	19
cash flow from financing	97,252	20,431	1,649	1,520	9,854	5,444	-32,391	78,295	183	133	91,340	-533	-803	18,904
cash and cash equivalents
cash	645,748	-24,685	-4,254	261,250	152,105	297,866	668,774	230,051	9,075	10,686	-93,205	85,794	20,964	7,746
overdraft
change in cash	645,748	-24,685	-4,254	261,250	152,105	297,866	668,774	230,051	9,075	10,686	-93,205	85,794	20,964	7,746

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTERBY TRUSTEE SERVICES LIMITED group structure

Westerby Trustee Services Limited has no subsidiary companies.

Ultimate parent company

WESTERBY (HOLDINGS) LIMITED

02381856

1 parent

WESTERBY TRUSTEE SERVICES LIMITED

02562924

WESTERBY TRUSTEE SERVICES LIMITED Shareholders

westerby holdings ltd	99.93%
l.j. mclintic	0.07%

Westerby Trustee Services Limited currently has 4 directors. The longest serving directors include Mr Leslie McLintic (Nov 1991) and Mr Ian Jarvis (Apr 2006).

officer	country	age	start	end	role
Mr Leslie McLintic	United Kingdom	77 years	Nov 1991	-	Director
Mr Ian Jarvis	United Kingdom	60 years	Apr 2006	-	Director
Mr Stephen Harvey	United Kingdom	63 years	Oct 2012	-	Director
Sir Howard Morrison	England	75 years	Feb 2022	-	Director

P&L

June 2023

turnover

6.3m

+22%

operating profit

587k

gross margin

56.5%

-2.85%

turnover

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

Balance Sheet

June 2023

net assets

2.1m

+0.32%

total assets

+0.33%

cash

2.3m

+0.4%

net assets

Total assets minus all liabilities

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company number

02562924

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

November 1990

ultimate parent company

WESTERBY (HOLDINGS) LIMITED

previous names

westerby counselling services limited (September 1996)

primeideal limited (February 1991)

address

the crescent king street, leicester, LE1 6RX

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 257 charges/mortgages relating to westerby trustee services limited. Currently there are 236 open charges and 21 have been satisfied in the past.

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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westerby trustee services limited Company Information

westerby trustee services limited Estimated Valuation

westerby trustee services limited Estimated Valuation

westerby trustee services limited Estimated Valuation

Westerby Trustee Services Limited Overview

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WESTERBY TRUSTEE SERVICES LIMITED financials

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