westwood associates limited

westwood associates limited Company Information

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Company Number

02745514

Industry

Computer consultancy activities

 

Shareholders

t.j. vincent

p.e. naylor

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Group Structure

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Contact

Registered Address

ryefield court 81 joel street, northwood, middlesex, HA6 1LL

westwood associates limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of WESTWOOD ASSOCIATES LIMITED at £4.8m based on a Turnover of £6m and 0.79x industry multiple (adjusted for size and gross margin).

westwood associates limited Estimated Valuation

£124.4k

Pomanda estimates the enterprise value of WESTWOOD ASSOCIATES LIMITED at £124.4k based on an EBITDA of £22.5k and a 5.52x industry multiple (adjusted for size and gross margin).

westwood associates limited Estimated Valuation

£509.1k

Pomanda estimates the enterprise value of WESTWOOD ASSOCIATES LIMITED at £509.1k based on Net Assets of £222.7k and 2.29x industry multiple (adjusted for liquidity).

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Westwood Associates Limited Overview

Westwood Associates Limited is a live company located in middlesex, HA6 1LL with a Companies House number of 02745514. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 1992, it's largest shareholder is t.j. vincent with a 42% stake. Westwood Associates Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6m with healthy growth in recent years.

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Westwood Associates Limited Health Check

Pomanda's financial health check has awarded Westwood Associates Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £6m, make it larger than the average company (£1.3m)

£6m - Westwood Associates Limited

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (9.5%)

15% - Westwood Associates Limited

9.5% - Industry AVG

production

Production

with a gross margin of 43.9%, this company has a comparable cost of product (43.9%)

43.9% - Westwood Associates Limited

43.9% - Industry AVG

profitability

Profitability

an operating margin of 0.3% make it less profitable than the average company (6.2%)

0.3% - Westwood Associates Limited

6.2% - Industry AVG

employees

Employees

with 16 employees, this is above the industry average (12)

16 - Westwood Associates Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.7k, the company has an equivalent pay structure (£58.7k)

£58.7k - Westwood Associates Limited

£58.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £375.4k, this is more efficient (£130.8k)

£375.4k - Westwood Associates Limited

£130.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 69 days, this is near the average (62 days)

69 days - Westwood Associates Limited

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 160 days, this is slower than average (27 days)

160 days - Westwood Associates Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 20 days, this is more than average (9 days)

20 days - Westwood Associates Limited

9 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)

0 weeks - Westwood Associates Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 86.9%, this is a higher level of debt than the average (54.9%)

86.9% - Westwood Associates Limited

54.9% - Industry AVG

WESTWOOD ASSOCIATES LIMITED financials

EXPORTms excel logo

Westwood Associates Limited's latest turnover from March 2024 is estimated at £6 million and the company has net assets of £222.7 thousand. According to their latest financial statements, Westwood Associates Limited has 16 employees and maintains cash reserves of £16.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,007,1754,195,2064,178,5883,953,8024,297,5323,161,6253,966,3404,872,8214,642,7774,160,2656,111,4386,692,0964,938,8764,883,0160
Other Income Or Grants000000000000000
Cost Of Sales3,371,6792,205,8592,291,3522,026,5042,045,1421,492,1051,761,1862,058,3061,904,3911,826,3722,504,3392,658,1912,127,5941,982,3790
Gross Profit2,635,4961,989,3471,887,2361,927,2982,252,3901,669,5202,205,1542,814,5152,738,3862,333,8933,607,0994,033,9062,811,2822,900,6370
Admin Expenses2,620,7721,977,6161,913,6551,965,7622,197,3191,636,4202,105,0642,804,6052,628,4362,310,6893,642,3073,992,9072,701,0332,918,420-201
Operating Profit14,72411,731-26,419-38,46455,07133,100100,0909,910109,95023,204-35,20840,999110,249-17,783201
Interest Payable000014,59731,34934,89836,13817,318000000
Interest Receivable4871101423524495728074611154
Pre-Tax Profit15,21111,841-26,277-38,42940,4981,80165,248-26,19992,63323,277-35,14741,000110,250-17,778206
Tax-3,803-2,25000-7,695-342-12,3970-18,526-4,8880-9,840-28,6650-58
Profit After Tax11,4089,591-26,277-38,42932,8031,45952,851-26,19974,10618,389-35,14731,16081,585-17,778148
Dividends Paid000000000000000
Retained Profit11,4089,591-26,277-38,42932,8031,45952,851-26,19974,10618,389-35,14731,16081,585-17,778148
Employee Costs939,326900,953879,367823,176820,510803,259844,876886,2081,035,6121,764,7592,616,3162,785,2332,074,6152,112,3950
Number Of Employees16161717171516161830465038400
EBITDA*22,53920,196-17,182-28,28666,21045,496113,96025,520125,02039,690-21,82253,701122,880-4,53412,371

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets345,087352,902361,367370,604380,782391,191403,587417,457433,067433,408438,769418,820427,163428,315425,965
Intangible Assets000000000000000
Investments & Other0000000001,0001,0001,0001,0001,0001,000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets345,087352,902361,367370,604380,782391,191403,587417,457433,067434,408439,769419,820428,163429,315426,965
Stock & work in progress193,681291,994325,077126,201189,576105,71188,230132,45776,94289,0413,18911,2224,83421,4171,244
Trade Debtors1,146,803784,381747,043799,988935,257811,4971,091,1841,210,1741,025,978627,268919,5991,057,453744,614744,334779,206
Group Debtors000000000000000
Misc Debtors000003,7224,9314,8263,3780000011,334
Cash16,1002,4432,71435,24534,92912,93420822,5081895,48624,0013371133751,796
misc current assets000000000000000
total current assets1,356,5841,078,8181,074,834961,4341,159,762933,8641,184,5531,369,9651,106,487721,795946,7891,069,012749,561766,126793,580
total assets1,701,6711,431,7201,436,2011,332,0381,540,5441,325,0551,588,1401,787,4221,539,5541,156,2031,386,5581,488,8321,177,7241,195,4411,220,545
Bank overdraft00000478,597450,248623,541532,865000000
Bank loan000000000000000
Trade Creditors 1,478,9561,220,4131,234,4851,104,0451,274,122472,423743,435837,320636,860946,4441,195,1881,262,315982,3671,081,6691,088,995
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities00000140,416162,297147,252164,321000000
total current liabilities1,478,9561,220,4131,234,4851,104,0451,274,1221,091,4361,355,9801,608,1131,334,046946,4441,195,1881,262,315982,3671,081,6691,088,995
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000000000
total liabilities1,478,9561,220,4131,234,4851,104,0451,274,1221,091,4361,355,9801,608,1131,334,046946,4441,195,1881,262,315982,3671,081,6691,088,995
net assets222,715211,307201,716227,993266,422233,619232,160179,309205,508209,759191,370226,517195,357113,772131,550
total shareholders funds222,715211,307201,716227,993266,422233,619232,160179,309205,508209,759191,370226,517195,357113,772131,550
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit14,72411,731-26,419-38,46455,07133,100100,0909,910109,95023,204-35,20840,999110,249-17,783201
Depreciation7,8158,4659,23710,17811,13912,39613,87015,61015,07016,48613,38612,70212,63113,24912,170
Amortisation000000000000000
Tax-3,803-2,25000-7,695-342-12,3970-18,526-4,8880-9,840-28,6650-58
Stock-98,313-33,083198,876-63,37583,86517,481-44,22755,51576,94285,852-8,0336,388-16,58320,1731,244
Debtors362,42237,338-52,945-135,269120,038-280,896-118,885185,6441,029,356-292,331-137,854312,839280-46,206790,540
Creditors258,543-14,072130,440-170,077801,699-271,012-93,885200,460636,860-248,744-67,127279,948-99,302-7,3261,088,995
Accruals and Deferred Income0000-140,416-21,88115,045-17,069164,321000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations13,170-381-32,673281515,89515,676185,835-32,248-198,623-7,46356,9384,58211,21614,173309,524
Investing Activities
capital expenditure0000-730000-448,137-11,125-33,335-4,359-11,479-15,599-438,135
Change in Investments000000000000001,000
cash flow from investments0000-730000-448,137-11,125-33,335-4,359-11,479-15,599-439,135
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000131,40200000131,402
interest48711014235-14,573-31,300-34,841-36,110-17,31874611154
cash flow from financing48711014235-14,573-31,300-34,841-36,110114,0847461115131,406
cash and cash equivalents
cash13,657-271-32,53131621,99512,726-22,30022,319189-18,51523,664224-262-1,4211,796
overdraft0000-478,59728,349-173,29390,676532,865000000
change in cash13,657-271-32,531316500,592-15,623150,993-68,357-532,676-18,51523,664224-262-1,4211,796

westwood associates 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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Westwood Associates Limited Competitor Analysis

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Perform a competitor analysis for westwood associates limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in HA6 area or any other competitors across 12 key performance metrics.

westwood associates limited Ownership

WESTWOOD ASSOCIATES LIMITED group structure

Westwood Associates Limited has 1 subsidiary company.

Ultimate parent company

WESTWOOD ASSOCIATES LIMITED

02745514

1 subsidiary

WESTWOOD ASSOCIATES LIMITED Shareholders

t.j. vincent 42%
p.e. naylor 24%
r.m. horan 24%
nigel welsh 10%

westwood associates limited directors

Westwood Associates Limited currently has 5 directors. The longest serving directors include Mr Timothy Vincent (Sep 1992) and Mr Philip Naylor (Sep 1994).

officercountryagestartendrole
Mr Timothy Vincent64 years Sep 1992- Director
Mr Philip Naylor65 years Sep 1994- Director
Mr Robert Horan65 years Nov 1996- Director
Mr Paul Dwight-Moore60 years Dec 2018- Director
Mr John Maguire65 years Dec 2018- Director

P&L

March 2024

turnover

6m

+43%

operating profit

14.7k

0%

gross margin

43.9%

-7.48%

turnover

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

Balance Sheet

March 2024

net assets

222.7k

+0.05%

total assets

1.7m

+0.19%

cash

16.1k

+5.59%

net assets

Total assets minus all liabilities

westwood associates limited company details

company number

02745514

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

September 1992

age

33

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

westwood group limited (February 2005)

westwood associates limited (January 2004)

accountant

DAVID GRAHAM ASSOCIATES

auditor

-

address

ryefield court 81 joel street, northwood, middlesex, HA6 1LL

Bank

BARCLAYS BANK PLC

Legal Advisor

-

westwood associates 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 5 charges/mortgages relating to westwood associates limited. Currently there are 1 open charges and 4 have been satisfied in the past.

westwood associates 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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westwood associates limited Companies House Filings - See Documents

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