Westgate Property Management Company Limited

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westgate property management company limited Company Information

Live

MatureMicroDeclining

Company Number

02853960

Next Accounts

Dec 2025

Industry

Buying and selling of own real estate

Directors

Richard Ferkin

Timothy Ferkin

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Shareholders

mr richard norman ferkin

Group Structure

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Contact

Registered Address

8 winton road, cheltenham, GL51 3AY

Website

www.westgate-property.co.uk

westgate property management company limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of WESTGATE PROPERTY MANAGEMENT COMPANY LIMITED at £2.7m based on Net Assets of £1.7m and 1.61x industry multiple (adjusted for liquidity).

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Westgate Property Management Company Limited is a live company located in cheltenham, GL51 3AY with a Companies House number of 02853960. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in September 1993, it's largest shareholder is mr richard norman ferkin with a 100% stake. Westgate Property Management Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £47.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Westgate Property Management Company Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £47.5k, make it smaller than the average company (£866.7k)

Growth

3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (3.1%)

EXPORT

Westgate Property Management Company Limited's latest turnover from March 2024 is estimated at £47.5 thousand and the company has net assets of £1.7 million. According to their latest financial statements, Westgate Property Management Company Limited has 1 employee and maintains cash reserves of £196.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	47,464	1,197,474	139,691	189,254	194,008	205,704	206,017	216,237	173,485	272,415	363,705	267,701	264,859	233,421	352,820
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	34,953	879,807	103,638	146,370	153,321	154,240	154,385	164,857	128,949	208,363	288,219	210,971	208,433	188,022	289,346
Gross Profit	12,511	317,667	36,053	42,884	40,686	51,463	51,632	51,380	44,536	64,052	75,486	56,730	56,426	45,399	63,474
Admin Expenses	49,108	266,752	-73,746	-25,870	-31,530	-10,820	-26,064	-25,271	22,043	-34,275	-44,315	-3,967	-85,062	-55,224	-100,860
Operating Profit	-36,597	50,915	109,799	68,754	72,216	62,283	77,696	76,651	22,493	98,327	119,801	60,697	141,488	100,623	164,334
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	10,792	1,807
Interest Receivable	13,860	22,213	5,409	696	642	4,388	2,545	1,365	3,722	4,469	3,969	2,907	2,469	2,316	177
Pre-Tax Profit	-22,737	73,127	115,209	69,449	72,858	66,672	80,241	78,016	26,215	102,796	123,770	63,604	143,957	92,147	161,904
Tax	0	-13,894	-21,890	-13,195	-13,843	-12,668	-15,246	-15,603	-5,243	-21,587	-28,467	-15,265	-37,429	-25,801	-34,000
Profit After Tax	-22,737	59,233	93,319	56,254	59,015	54,004	64,995	62,413	20,972	81,209	95,303	48,339	106,528	66,346	127,904
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,570
Retained Profit	-22,737	59,233	93,319	56,254	59,015	54,004	64,995	62,413	20,972	81,209	95,303	48,339	106,528	66,346	100,334
Employee Costs	38,932	144,276	147,040	143,722	156,311	193,485	176,250	174,481	37,650	35,044	35,650	33,352	32,768	33,672	32,883
Number Of Employees	1	4	4	4	4	5	5	5	1	1	1	1	1	1	1
EBITDA*	-35,971	51,541	110,620	69,450	72,976	62,755	78,125	77,330	23,747	99,623	122,495	64,364	145,992	106,214	166,603

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	1,491,593	1,218,440	2,502	2,149	2,770	1,487	1,622	1,635	4,042	4,733	9,481	14,335	418,002	422,506	412,794
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	784,334	784,334	784,334	784,334	784,334	783,134	652,815	411,421	400,000	400,000	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,491,593	1,218,440	786,836	786,483	787,104	785,821	785,956	784,769	656,857	416,154	409,481	414,335	418,002	422,506	412,794
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	9,426	378,299	15,929	29,401	28,172	26,292	27,287	29,144	28,800	39,276	39,221	39,533	47,685	45,325	40,102
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	32,248	8,865	8,608	5,699	5,591	6,955	5,917	0	0	0	0	0	10,635
Cash	196,528	331,489	713,812	728,697	662,741	620,366	549,830	467,969	624,278	864,465	923,266	664,497	498,441	489,125	437,225
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	205,954	709,788	761,989	766,963	699,521	652,357	582,708	504,068	658,995	903,741	962,487	704,030	546,126	534,450	487,962
total assets	1,697,547	1,928,228	1,548,825	1,553,446	1,486,625	1,438,178	1,368,664	1,288,837	1,315,852	1,319,895	1,371,968	1,118,365	964,128	956,956	900,756
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	235,758
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,950
Trade Creditors	13,089	494,812	104,862	217,356	208,131	217,892	202,411	189,814	274,131	391,769	537,981	379,038	266,823	275,320	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	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	0	0	0
other current liabilities	0	0	56,204	41,650	40,308	41,115	41,086	38,851	43,962	0	0	0	0	0	49,711
total current liabilities	13,089	494,812	161,066	259,006	248,439	259,007	243,497	228,665	318,093	391,769	537,981	379,038	266,823	275,320	291,419
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	90,339
hp & lease commitments	0	0	0	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	0	1,722	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	5,984	96,497	0
provisions	0	0	0	0	0	0	0	0	0	0	400	1,043	1,376	0	1,927
total long term liabilities	0	0	0	0	0	0	0	0	0	0	400	1,043	7,360	98,219	92,266
total liabilities	13,089	494,812	161,066	259,006	248,439	259,007	243,497	228,665	318,093	391,769	538,381	380,081	274,183	373,539	383,685
net assets	1,684,458	1,433,416	1,387,759	1,294,440	1,238,186	1,179,171	1,125,167	1,060,172	997,759	928,126	833,587	738,284	689,945	583,417	517,071
total shareholders funds	1,684,458	1,433,416	1,387,759	1,294,440	1,238,186	1,179,171	1,125,167	1,060,172	997,759	928,126	833,587	738,284	689,945	583,417	517,071

	Mar 2024	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	-36,597	50,915	109,799	68,754	72,216	62,283	77,696	76,651	22,493	98,327	119,801	60,697	141,488	100,623	164,334
Depreciation	626	626	821	696	760	472	429	679	1,254	1,296	2,694	3,667	4,504	5,591	2,269
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-13,894	-21,890	-13,195	-13,843	-12,668	-15,246	-15,603	-5,243	-21,587	-28,467	-15,265	-37,429	-25,801	-34,000
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-368,873	330,122	9,911	1,486	4,789	-887	-3,221	1,382	-4,559	55	-312	-8,152	2,360	-5,412	50,737
Creditors	-481,723	389,950	-112,494	9,225	-9,761	15,481	12,597	-84,317	-117,638	-146,212	158,943	112,215	-8,497	275,320	0
Accruals and Deferred Income	0	-56,204	14,554	1,342	-807	29	2,235	-5,111	43,962	0	0	0	-1,722	-47,989	49,711
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-400	-643	-333	1,376	-1,927	1,927
Cash flow from operations	-148,821	41,271	-19,121	65,336	43,776	66,484	80,932	-29,083	-50,613	-68,631	252,640	169,133	97,360	311,229	133,504
Investing Activities
capital expenditure	-273,779	-1,216,564	-1,174	-75	-2,043	-337	-416	1,728	-563	3,452	2,160	400,000	0	-15,303	-415,063
Change in Investments	0	-784,334	0	0	0	0	1,200	130,319	241,394	11,421	0	400,000	0	0	0
cash flow from investments	-273,779	-432,230	-1,174	-75	-2,043	-337	-1,616	-128,591	-241,957	-7,969	2,160	0	0	-15,303	-415,063
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	-5,950	5,950
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	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	0	-90,339	90,339
Hire Purchase and Lease Commitments	0	0	0	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	-5,984	-90,513	96,497	0
share issue	273,779	-13,576	0	0	0	0	0	0	48,661	13,330	0	0	0	0	416,737
interest	13,860	22,213	5,409	696	642	4,388	2,545	1,365	3,722	4,469	3,969	2,907	2,469	-8,476	-1,630
cash flow from financing	287,639	8,637	5,409	696	642	4,388	2,545	1,365	52,383	17,799	3,969	-3,077	-88,044	-8,268	511,396
cash and cash equivalents
cash	-134,961	-382,323	-14,885	65,956	42,375	70,536	81,861	-156,309	-240,187	-58,801	258,769	166,056	9,316	51,900	437,225
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	-235,758	235,758
change in cash	-134,961	-382,323	-14,885	65,956	42,375	70,536	81,861	-156,309	-240,187	-58,801	258,769	166,056	9,316	287,658	201,467

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTGATE PROPERTY MANAGEMENT COMPANY LIMITED group structure

Westgate Property Management Company Limited has no subsidiary companies.

Ultimate parent company

WESTGATE PROPERTY MANAGEMENT COMPANY LIMITED

02853960

WESTGATE PROPERTY MANAGEMENT COMPANY LIMITED Shareholders

mr richard norman ferkin

100%

Westgate Property Management Company Limited currently has 3 directors. The longest serving directors include Mr Richard Ferkin (Sep 1993) and Mr Timothy Ferkin (Jun 2017).

officer	country	age	start	end	role
Mr Richard Ferkin	United Kingdom	71 years	Sep 1993	-	Director
Mr Timothy Ferkin	England	43 years	Jun 2017	-	Director
Mr Gregory Ferkin	England	46 years	Jun 2017	-	Director

P&L

March 2024

turnover

47.5k

-96%

operating profit

-36.6k

gross margin

26.4%

-0.64%

turnover

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

Balance Sheet

March 2024

net assets

1.7m

+0.18%

total assets

1.7m

-0.12%

cash

196.5k

-0.41%

net assets

Total assets minus all liabilities

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company number

02853960

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

September 1993

ultimate parent company

None

previous names

N/A

address

8 winton road, cheltenham, GL51 3AY

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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westgate property management company limited Company Information

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westgate property management company limited Estimated Valuation

westgate property management company limited Estimated Valuation

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