Wmec Limited

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wmec limited Company Information

Company Number

02987469

Next Accounts

Dec 2025

Directors

Kenneth Hiscock

Sandra Hiscock

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Shareholders

kenneth hiscock

andrew vivian

Group Structure

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Industry

Manufacture of other special-purpose machinery n.e.c.

Registered Address

unit 4 woodhorn business centre, woodhorn lane, chichester, west sussex, PO20 2BX

Website

www.wmec.co.uk

wmec limited Estimated Valuation

£246.2k

Pomanda estimates the enterprise value of WMEC LIMITED at £246.2k based on a Turnover of £423.9k and 0.58x industry multiple (adjusted for size and gross margin).

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Wmec Limited is a live company located in chichester, PO20 2BX with a Companies House number of 02987469. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in November 1994, it's largest shareholder is kenneth hiscock with a 87.5% stake. Wmec Limited is a mature, micro sized company, Pomanda has estimated its turnover at £423.9k with low growth in recent years.

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Pomanda's financial health check has awarded Wmec Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £423.9k, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.4%)

EXPORT

Wmec Limited's latest turnover from March 2024 is estimated at £423.9 thousand and the company has net assets of -£15.6 thousand. According to their latest financial statements, Wmec Limited has 5 employees and maintains cash reserves of £2 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	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	423,874	338,401	556,058	384,026	464,651	520,921	513,147	444,890	412,243	440,965	688,710	789,763	685,832	550,083
Other Income Or Grants
Cost Of Sales	288,362	234,442	379,120	270,003	319,980	356,980	351,715	296,933	277,157	302,142	464,810	533,061	461,253	362,657
Gross Profit	135,512	103,959	176,938	114,022	144,671	163,940	161,432	147,957	135,086	138,823	223,900	256,703	224,579	187,426
Admin Expenses	164,200	120,334	184,858	190,924	111,845	141,343	149,622	136,689	129,397	148,006	234,557	253,086	216,540	201,501	2,281
Operating Profit	-28,688	-16,375	-7,920	-76,902	32,826	22,597	11,810	11,268	5,689	-9,183	-10,657	3,617	8,039	-14,075	-2,281
Interest Payable	6,885	6,582	4,739	1,947	1,313	2,537	2,929	1,792
Interest Receivable
Pre-Tax Profit	-35,573	-22,957	-12,659	-78,849	31,514	20,059	8,880	9,476	5,689	-9,183	-10,657	3,617	8,039	-14,075	-2,281
Tax					-5,988	-3,811	-1,687	-1,895	-1,138			-868	-2,090
Profit After Tax	-35,573	-22,957	-12,659	-78,849	25,526	16,248	7,193	7,581	4,551	-9,183	-10,657	2,749	5,949	-14,075	-2,281
Dividends Paid
Retained Profit	-35,573	-22,957	-12,659	-78,849	25,526	16,248	7,193	7,581	4,551	-9,183	-10,657	2,749	5,949	-14,075	-2,281
Employee Costs	259,969	245,043	233,175	225,252	269,383	265,327	303,050	245,571	121,051	120,269	201,772	195,619	190,093	145,807
Number Of Employees	5	5	5	5	6	6	7	6	3	3	5	5	5	4
EBITDA*	-27,643	-15,225	-6,217	-73,548	33,416	23,933	13,075	11,268	7,265	-7,957	-9,025	6,023	8,326	-13,763	-1,010

* 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	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,395	2,450	3,600	5,303	2,316	2,906	4,242	5,506	3,891	2,824	3,302	4,934	648	935	1,247
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,395	2,450	3,600	5,303	2,316	2,906	4,242	5,506	3,891	2,824	3,302	4,934	648	935	1,247
Stock & work in progress	48,612	13,042	19,187	113,166	128,361	190,371	120,000	90,791	87,422	88,520	104,475	123,996	69,725	67,936	76,961
Trade Debtors	52,490	32,038	154,651	29,545	39,080	30,510	36,543	56,451	72,996	78,031	125,001	136,882	152,384	121,483	129,437
Group Debtors
Misc Debtors	19,552	57,842	38,664	16,837	5,541	10,176	20,342	17,294
Cash	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
misc current assets
total current assets	120,656	102,924	212,504	159,550	172,984	231,059	176,887	164,538	160,420	166,553	229,478	260,880	222,111	189,421	206,400
total assets	122,051	105,374	216,104	164,853	175,300	233,965	181,129	170,044	164,311	169,377	232,780	265,814	222,759	190,356	207,647
Bank overdraft	57,849	28,679	44,758	20,660	666	42,377	32,804	57,329
Bank loan
Trade Creditors	24,135	18,471	26,039	37,895	22,139	51,809	41,083	19,323	81,443	91,060	158,595	180,972	140,666	114,212	117,428
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	42,311	15,773	69,899	8,231	18,079	30,889	14,600	7,943
total current liabilities	124,295	62,923	140,696	66,786	40,884	125,075	88,487	84,595	81,443	91,060	158,595	180,972	140,666	114,212	117,428
loans	13,378	22,500	32,500	42,500
hp & lease commitments
Accruals and Deferred Income
other liabilities									5,000	5,000	10,000	10,000	10,000	10,000
provisions
total long term liabilities	13,378	22,500	32,500	42,500					5,000	5,000	10,000	10,000	10,000	10,000	10,000
total liabilities	137,673	85,423	173,196	109,286	40,884	125,075	88,487	84,595	86,443	96,060	168,595	190,972	150,666	124,212	127,428
net assets	-15,622	19,951	42,908	55,567	134,416	108,890	92,642	85,449	77,868	73,317	64,185	74,842	72,093	66,144	80,219
total shareholders funds	-15,622	19,951	42,908	55,567	134,416	108,890	92,642	85,449	77,868	73,317	64,185	74,842	72,093	66,144	80,219

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-28,688	-16,375	-7,920	-76,902	32,826	22,597	11,810	11,268	5,689	-9,183	-10,657	3,617	8,039	-14,075	-2,281
Depreciation	1,045	1,150	1,703	3,354	590	1,336	1,265		1,576	1,226	1,632	2,406	287	312	1,271
Amortisation
Tax					-5,988	-3,811	-1,687	-1,895	-1,138			-868	-2,090
Stock	35,570	-6,145	-93,979	-15,195	-62,010	70,371	29,209	3,369	-1,098	88,520	-19,521	54,271	1,789	-9,025	76,961
Debtors	-17,838	-103,435	146,933	1,761	3,935	-16,199	-16,860	749	-5,035	78,031	-11,881	-15,502	30,901	-7,954	129,437
Creditors	5,664	-7,568	-11,856	15,756	-29,670	10,726	21,760	-62,120	-9,617	91,060	-22,377	40,306	26,454	-3,216	117,428
Accruals and Deferred Income	26,538	-54,126	61,668	-9,848	-12,810	16,289	6,657	7,943
Deferred Taxes & Provisions
Cash flow from operations	-13,173	32,661	-9,359	-54,206	43,023	-7,035	27,456	-48,922	2,643	-83,448		6,692			-89,980
Investing Activities
capital expenditure	10			-6,341			-1	-1,615	-2,643	-4,050		-6,692			-2,518
Change in Investments
cash flow from investments	10			-6,341			-1	-1,615	-2,643	-4,050		-6,692			-2,518
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-9,122	-10,000	-10,000	42,500
Hire Purchase and Lease Commitments
other long term liabilities								-5,000		5,000				10,000
share issue										82,500					82,500
interest	-6,885	-6,582	-4,739	-1,947	-1,313	-2,537	-2,929	-1,792
cash flow from financing	-16,007	-16,582	-14,739	40,553	-1,313	-2,537	-2,929	-6,792		87,500				10,000	82,500
cash and cash equivalents
cash										2					2
overdraft	29,170	-16,079	24,098	19,994	-41,711	9,573	-24,525	57,329
change in cash	-29,170	16,079	-24,098	-19,994	41,711	-9,573	24,525	-57,329		2					2

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WMEC LIMITED group structure

Wmec Limited has no subsidiary companies.

Ultimate parent company

WMEC LIMITED

02987469

WMEC LIMITED Shareholders

kenneth hiscock	87.5%
andrew vivian	12.5%

Wmec Limited currently has 3 directors. The longest serving directors include Mr Kenneth Hiscock (Nov 1994) and Mrs Sandra Hiscock (Jul 2013).

officer	country	age	start	end	role
Mr Kenneth Hiscock	England	78 years	Nov 1994	-	Director
Mrs Sandra Hiscock	England	76 years	Jul 2013	-	Director
Mrs Nicola Smith	England	47 years	Apr 2017	-	Director

P&L

March 2024

turnover

423.9k

+25%

operating profit

-28.7k

gross margin

32%

+4.07%

turnover

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

Balance Sheet

March 2024

net assets

-15.6k

-1.78%

total assets

122.1k

+0.16%

cash

net assets

Total assets minus all liabilities

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company number

02987469

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

November 1994

ultimate parent company

None

previous names

N/A

address

unit 4 woodhorn business centre, woodhorn lane, chichester, west sussex, PO20 2BX

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 1 charges/mortgages relating to wmec limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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wmec limited Company Information

wmec limited Estimated Valuation

wmec limited Estimated Valuation

wmec limited Estimated Valuation

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