lucy wernick & associates limited
lucy wernick & associates limited Company Information
Company Number
02814743
Next Accounts
Feb 2025
Shareholders
lucy wernick holdings ltd
Group Structure
View All
Industry
Wholesale of clothing and footwear
Registered Address
kinetic business centre, theobald street, borehamwood, WD6 4PJ
Website
lwfa.co.uklucy wernick & associates limited Estimated Valuation
Pomanda estimates the enterprise value of LUCY WERNICK & ASSOCIATES LIMITED at £95.6k based on a Turnover of £238.5k and 0.4x industry multiple (adjusted for size and gross margin).
lucy wernick & associates limited Estimated Valuation
Pomanda estimates the enterprise value of LUCY WERNICK & ASSOCIATES LIMITED at £0 based on an EBITDA of £-20.7k and a 3.8x industry multiple (adjusted for size and gross margin).
lucy wernick & associates limited Estimated Valuation
Pomanda estimates the enterprise value of LUCY WERNICK & ASSOCIATES LIMITED at £8.3k based on Net Assets of £3.9k and 2.12x industry multiple (adjusted for liquidity).
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Lucy Wernick & Associates Limited Overview
Lucy Wernick & Associates Limited is a dissolved company that was located in borehamwood, WD6 4PJ with a Companies House number of 02814743. It operated in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in May 1993, it's largest shareholder was lucy wernick holdings ltd with a 100% stake. The last turnover for Lucy Wernick & Associates Limited was estimated at £238.5k.
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Lucy Wernick & Associates Limited Health Check
Pomanda's financial health check has awarded Lucy Wernick & Associates Limited a 2 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
2 Strong
2 Regular
7 Weak
Size
annual sales of £238.5k, make it smaller than the average company (£12.4m)
- Lucy Wernick & Associates Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -48%, show it is growing at a slower rate (-2.5%)
- Lucy Wernick & Associates Limited
-2.5% - Industry AVG
Production
with a gross margin of 31.6%, this company has a comparable cost of product (31.6%)
- Lucy Wernick & Associates Limited
31.6% - Industry AVG
Profitability
an operating margin of -8.7% make it less profitable than the average company (3.3%)
- Lucy Wernick & Associates Limited
3.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (46)
3 - Lucy Wernick & Associates Limited
46 - Industry AVG
Pay Structure
on an average salary of £33.9k, the company has an equivalent pay structure (£33.9k)
- Lucy Wernick & Associates Limited
£33.9k - Industry AVG
Efficiency
resulting in sales per employee of £79.5k, this is less efficient (£248.2k)
- Lucy Wernick & Associates Limited
£248.2k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (41 days)
- Lucy Wernick & Associates Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (34 days)
- Lucy Wernick & Associates Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lucy Wernick & Associates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (19 weeks)
36 weeks - Lucy Wernick & Associates Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.6%, this is a higher level of debt than the average (59.7%)
72.6% - Lucy Wernick & Associates Limited
59.7% - Industry AVG
LUCY WERNICK & ASSOCIATES LIMITED financials
Lucy Wernick & Associates Limited's latest turnover from May 2021 is estimated at £238.5 thousand and the company has net assets of £3.9 thousand. According to their latest financial statements, Lucy Wernick & Associates Limited has 3 employees and maintains cash reserves of £7.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,536,096 | 9,105,136 | 8,161,757 | 8,605,191 | 8,633,343 | 11,032,855 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 5,019,241 | 6,573,967 | 6,131,341 | 6,294,946 | 6,705,430 | 8,135,369 | ||||||
| Gross Profit | 1,516,855 | 2,531,169 | 2,030,416 | 2,310,245 | 1,927,913 | 2,897,486 | ||||||
| Admin Expenses | 951,086 | 1,018,514 | 852,058 | 1,017,251 | 714,683 | 1,058,900 | ||||||
| Operating Profit | 565,769 | 1,512,655 | 1,178,358 | 1,292,994 | 1,213,230 | 1,838,586 | ||||||
| Interest Payable | 688 | 0 | 15 | 617 | 5,403 | 963 | ||||||
| Interest Receivable | 8,349 | 1,624 | 8,298 | 7,044 | 14,621 | 2,875 | ||||||
| Pre-Tax Profit | 573,430 | 1,514,279 | 1,186,641 | 1,299,421 | 1,222,448 | 1,840,498 | ||||||
| Tax | -120,355 | -345,882 | -284,615 | -334,084 | -338,455 | -516,712 | ||||||
| Profit After Tax | 453,075 | 1,168,397 | 902,026 | 965,337 | 883,993 | 1,323,786 | ||||||
| Dividends Paid | 450,000 | 1,275,000 | 875,000 | 975,000 | 900,000 | 1,325,000 | ||||||
| Retained Profit | 3,075 | -106,603 | 27,026 | -9,663 | -16,007 | -1,214 | ||||||
| Employee Costs | 484,130 | 491,980 | 442,475 | 416,637 | 356,494 | 374,003 | ||||||
| Number Of Employees | 3 | 8 | 9 | 10 | 10 | 9 | 11 | 12 | 11 | 10 | 9 | 10 |
| EBITDA* | 567,746 | 1,514,981 | 1,180,872 | 1,295,952 | 1,217,014 | 1,842,425 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 12,894 | 9,027 | 9,922 | 9,523 | 11,203 | 13,180 | 14,246 | 16,760 | 19,718 | 19,148 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 12,894 | 9,027 | 9,922 | 9,523 | 11,203 | 13,180 | 14,246 | 16,760 | 19,718 | 19,148 |
| Stock & work in progress | 0 | 0 | 3,388 | 6,125 | 5,202 | 3,612 | 10,913 | 8,025 | 16,618 | 37,719 | 6,260 | 0 |
| Trade Debtors | 1,703 | 310,230 | 286,742 | 294,348 | 220,043 | 175,903 | 270,162 | 952,877 | 909,680 | 794,961 | 867,959 | 1,012,889 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,320 | 27,661 | 51,691 | 61,595 | 42,966 | 40,328 | 40,075 | 83,643 | 298,454 | 99,576 | 86,636 | 112,452 |
| Cash | 7,276 | 508,135 | 1,002,483 | 465,773 | 361,612 | 196,790 | 89,781 | 272,805 | 263,809 | 455 | 18,245 | 2,607,409 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,299 | 846,026 | 1,344,304 | 827,841 | 629,823 | 416,633 | 410,931 | 1,317,350 | 1,488,561 | 932,711 | 979,100 | 3,732,750 |
| total assets | 14,299 | 846,026 | 1,357,198 | 836,868 | 639,745 | 426,156 | 422,134 | 1,330,530 | 1,502,807 | 949,471 | 998,818 | 3,751,898 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,080 | 337,552 | 217,799 | 180,473 | 198,715 | 176,277 | 166,104 | 415,196 | 350,083 | 223,716 | 436,760 | 226,067 |
| Group/Directors Accounts | 3,833 | 415,666 | 937,917 | 336,066 | 119,090 | 0 | 0 | 454,534 | 691,327 | 348,999 | 0 | 2,810,676 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,463 | 66,549 | 143,616 | 260,256 | 166,424 | 97,177 | 95,306 | 302,672 | 196,575 | 138,653 | 313,783 | 451,433 |
| total current liabilities | 10,376 | 819,767 | 1,299,332 | 776,795 | 484,229 | 273,454 | 261,410 | 1,172,402 | 1,237,985 | 711,368 | 750,543 | 3,488,176 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,860 | 2,117 | 1,344 | 1,314 | 1,250 | 1,465 | 1,944 | 2,035 | 2,342 | 2,851 | 2,291 |
| total long term liabilities | 0 | 1,860 | 2,117 | 1,344 | 1,314 | 1,250 | 1,465 | 1,944 | 2,035 | 2,342 | 2,851 | 2,291 |
| total liabilities | 10,376 | 821,627 | 1,301,449 | 778,139 | 485,543 | 274,704 | 262,875 | 1,174,346 | 1,240,020 | 713,710 | 753,394 | 3,490,467 |
| net assets | 3,923 | 24,399 | 55,749 | 58,729 | 154,202 | 151,452 | 159,259 | 156,184 | 262,787 | 235,761 | 245,424 | 261,431 |
| total shareholders funds | 3,923 | 24,399 | 55,749 | 58,729 | 154,202 | 151,452 | 159,259 | 156,184 | 262,787 | 235,761 | 245,424 | 261,431 |
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 565,769 | 1,512,655 | 1,178,358 | 1,292,994 | 1,213,230 | 1,838,586 | ||||||
| Depreciation | 0 | 2,076 | 2,275 | 1,592 | 1,751 | 1,680 | 1,977 | 2,326 | 2,514 | 2,958 | 3,784 | 3,839 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -120,355 | -345,882 | -284,615 | -334,084 | -338,455 | -516,712 | ||||||
| Stock | 0 | -3,388 | -2,737 | 923 | 1,590 | -7,301 | 2,888 | -8,593 | -21,101 | 31,459 | 6,260 | 0 |
| Debtors | -330,868 | -542 | -17,510 | 92,934 | 46,778 | -94,006 | -726,283 | -171,614 | 313,597 | -60,058 | -170,746 | 1,125,341 |
| Creditors | -335,472 | 119,753 | 37,326 | -18,242 | 22,438 | 10,173 | -249,092 | 65,113 | 126,367 | -213,044 | 210,693 | 226,067 |
| Accruals and Deferred Income | -62,086 | -77,067 | -116,640 | 93,832 | 69,247 | 1,871 | -207,366 | 106,097 | 57,922 | -175,130 | -137,650 | 451,433 |
| Deferred Taxes & Provisions | -1,860 | -257 | 773 | 30 | 64 | -215 | -479 | -91 | -307 | -509 | 560 | 2,291 |
| Cash flow from operations | 713,849 | 1,520,425 | 787,743 | 601,784 | 1,116,648 | 880,163 | ||||||
| Investing Activities | ||||||||||||
| capital expenditure | -1,260 | 0 | 0 | -6,958 | -1,091 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,260 | 0 | 0 | -6,958 | -1,091 | |||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -411,833 | -522,251 | 601,851 | 216,976 | 119,090 | 0 | -454,534 | -236,793 | 342,328 | 348,999 | -2,810,676 | 2,810,676 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 7,661 | 1,624 | 8,283 | 6,427 | 9,218 | 1,912 | ||||||
| cash flow from financing | -446,873 | -235,169 | 350,611 | 355,426 | -2,801,458 | 3,075,233 | ||||||
| cash and cash equivalents | ||||||||||||
| cash | -500,859 | -494,348 | 536,710 | 104,161 | 164,822 | 107,009 | -183,024 | 8,996 | 263,354 | -17,790 | -2,589,164 | 2,607,409 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -500,859 | -494,348 | 536,710 | 104,161 | 164,822 | 107,009 | -183,024 | 8,996 | 263,354 | -17,790 | -2,589,164 | 2,607,409 |
lucy wernick & associates limited Credit Report and Business Information
Lucy Wernick & Associates Limited Competitor Analysis
Perform a competitor analysis for lucy wernick & associates limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in WD6 area or any other competitors across 12 key performance metrics.
lucy wernick & associates limited Ownership
LUCY WERNICK & ASSOCIATES LIMITED group structure
Lucy Wernick & Associates Limited has no subsidiary companies.
Ultimate parent company
1 parent
LUCY WERNICK & ASSOCIATES LIMITED
02814743
lucy wernick & associates limited directors
Lucy Wernick & Associates Limited currently has 3 directors. The longest serving directors include Mr David Wernick (May 1993) and Ms Lucy Wernick (May 1993).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Wernick | 67 years | May 1993 | - | Director | |
| Ms Lucy Wernick | England | 64 years | May 1993 | - | Director |
| Ms Kate Cheney | England | 51 years | Nov 2006 | - | Director |
P&L
May 2021turnover
238.5k
-90%
operating profit
-20.7k
0%
gross margin
31.7%
-0.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2021net assets
3.9k
-0.84%
total assets
14.3k
-0.98%
cash
7.3k
-0.99%
net assets
Total assets minus all liabilities
lucy wernick & associates limited company details
company number
02814743
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
incorporation date
May 1993
age
32
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2021
previous names
N/A
accountant
-
auditor
-
address
kinetic business centre, theobald street, borehamwood, WD6 4PJ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
lucy wernick & 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 3 charges/mortgages relating to lucy wernick & associates limited. Currently there are 1 open charges and 2 have been satisfied in the past.
lucy wernick & 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.
Click to start generating capital raising & share issue transactions for LUCY WERNICK & ASSOCIATES LIMITED. This can take several minutes, an email will notify you when this has completed.
lucy wernick & associates limited Companies House Filings - See Documents
| date | description | view/download |
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