white city acquisitions limited
white city acquisitions limited Company Information
Company Number
03169129
Website
-Registered Address
4th floor 1 ariel way, london, W12 7SL
Industry
Development of building projects
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
westfield uk acquisitions (jersey) limited 100%
white city acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of WHITE CITY ACQUISITIONS LIMITED at £124m based on a Turnover of £75.7m and 1.64x industry multiple (adjusted for size and gross margin).
white city acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of WHITE CITY ACQUISITIONS LIMITED at £0 based on an EBITDA of £-38.9m and a 12.28x industry multiple (adjusted for size and gross margin).
white city acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of WHITE CITY ACQUISITIONS LIMITED at £1.2b based on Net Assets of £950.9m and 1.31x industry multiple (adjusted for liquidity).
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White City Acquisitions Limited Overview
White City Acquisitions Limited is a live company located in london, W12 7SL with a Companies House number of 03169129. It operates in the development of building projects sector, SIC Code 41100. Founded in March 1996, it's largest shareholder is westfield uk acquisitions (jersey) limited with a 100% stake. White City Acquisitions Limited is a mature, large sized company, Pomanda has estimated its turnover at £75.7m with declining growth in recent years.
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White City Acquisitions Limited Health Check
Pomanda's financial health check has awarded White City Acquisitions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £75.7m, make it larger than the average company (£2.3m)
£75.7m - White City Acquisitions Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (1.7%)
-10% - White City Acquisitions Limited
1.7% - Industry AVG
Production
with a gross margin of 57.3%, this company has a lower cost of product (25.8%)
57.3% - White City Acquisitions Limited
25.8% - Industry AVG
Profitability
an operating margin of -51.4% make it less profitable than the average company (9.6%)
-51.4% - White City Acquisitions Limited
9.6% - Industry AVG
Employees
with 264 employees, this is above the industry average (6)
- White City Acquisitions Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- White City Acquisitions Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £286.8k, this is equally as efficient (£286.8k)
- White City Acquisitions Limited
£286.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - White City Acquisitions Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - White City Acquisitions Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - White City Acquisitions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - White City Acquisitions Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.4%, this is a lower level of debt than the average (75.1%)
17.4% - White City Acquisitions Limited
75.1% - Industry AVG
white city acquisitions limited Credit Report and Business Information
White City Acquisitions Limited Competitor Analysis
Perform a competitor analysis for white city acquisitions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
white city acquisitions limited Ownership
WHITE CITY ACQUISITIONS LIMITED group structure
White City Acquisitions Limited has 1 subsidiary company.
Ultimate parent company
UNIBAIL-RODAMCO-WESTFIELD SE
#0113775
WESTFIELD UK ACQUISITIONS (JERSEY) LTD
#0056088
2 parents
WHITE CITY ACQUISITIONS LIMITED
03169129
1 subsidiary
white city acquisitions limited directors
White City Acquisitions Limited currently has 3 directors. The longest serving directors include Mr Jonathan Hodes (Jan 2015) and Miss Amanda Beattie (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Hodes | United Kingdom | 55 years | Jan 2015 | - | Director |
| Miss Amanda Beattie | United Kingdom | 50 years | Jun 2018 | - | Director |
| Mr Scott Parsons | United Kingdom | 54 years | Apr 2020 | - | Director |
WHITE CITY ACQUISITIONS LIMITED financials
White City Acquisitions Limited's latest turnover from December 2022 is £75.7 million and the company has net assets of £950.9 million. According to their latest financial statements, we estimate that White City Acquisitions Limited has 264 employees and maintains cash reserves of £300 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 75,704,000 | 91,263,000 | 46,266,000 | 103,301,000 | 114,511,000 | 112,994,000 | 118,638,000 | 115,839,000 | 112,378,000 | 93,570,000 | 84,208,000 | 91,927,000 | 51,411,000 | -5,646,808 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 32,359,000 | 39,931,000 | 20,259,000 | 45,759,000 | 51,870,000 | 51,583,000 | 54,080,000 | 52,162,000 | 52,359,000 | 43,416,000 | 42,336,000 | 43,470,000 | 14,679,000 | 0 |
| Gross Profit | 43,345,000 | 51,332,000 | 26,007,000 | 57,542,000 | 62,641,000 | 61,411,000 | 64,558,000 | 63,677,000 | 60,019,000 | 50,154,000 | 41,872,000 | 48,457,000 | 36,732,000 | -5,646,808 |
| Admin Expenses | 82,285,000 | 103,940,000 | 460,134,000 | 182,343,000 | -2,934,000 | -118,845,000 | -8,675,000 | -154,546,000 | -148,657,000 | 1,114,000 | 2,156,000 | 1,166,000 | 1,743,000 | 2,793,333 |
| Operating Profit | -38,940,000 | -52,608,000 | -434,127,000 | -124,801,000 | 65,575,000 | 180,256,000 | 73,233,000 | 218,223,000 | 208,676,000 | 49,040,000 | 39,716,000 | 47,291,000 | 34,989,000 | -8,440,141 |
| Interest Payable | 8,851,000 | 7,529,000 | 29,178,000 | 33,988,000 | 33,191,000 | 29,697,000 | 28,572,000 | 25,844,000 | 25,428,000 | 26,252,000 | 16,632,000 | 10,699,000 | 11,140,000 | 14,996,282 |
| Interest Receivable | 4,000 | 0 | 55,000 | 238,000 | 73,000 | 57,000 | 744,000 | 138,000 | 135,000 | 662,000 | 26,000 | 57,000 | 168,000 | 142,308 |
| Pre-Tax Profit | -47,783,000 | -60,168,000 | -463,354,000 | -158,625,000 | 32,457,000 | 150,623,000 | 45,446,000 | 190,981,000 | 183,473,000 | 22,900,000 | 23,110,000 | 39,990,000 | 24,017,000 | -23,294,115 |
| Tax | 0 | 0 | -10,000 | -39,000 | 1,041,000 | 85,917,000 | 4,194,000 | -37,146,000 | -30,371,000 | -1,445,000 | -7,424,000 | -13,742,000 | -6,829,000 | 2,155,797 |
| Profit After Tax | -47,783,000 | -60,168,000 | -463,364,000 | -158,664,000 | 33,498,000 | 236,540,000 | 49,640,000 | 153,835,000 | 153,102,000 | 21,455,000 | 15,686,000 | 26,248,000 | 17,188,000 | -21,138,318 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -47,783,000 | -60,168,000 | -463,364,000 | -158,664,000 | 33,498,000 | 236,540,000 | 49,640,000 | 153,835,000 | 153,102,000 | 21,455,000 | 15,686,000 | 26,248,000 | 17,188,000 | -21,138,318 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | ||||||||||||||
| EBITDA* | -38,940,000 | -52,608,000 | -434,127,000 | -124,801,000 | 65,575,000 | 180,256,000 | 73,233,000 | 218,223,000 | 208,676,000 | 49,040,000 | 39,716,000 | 47,291,000 | 34,989,000 | -8,440,141 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,141,247,000 | 1,224,381,000 | 1,328,534,000 | 1,789,132,000 | 1,944,822,000 | 1,876,174,000 | 1,667,074,000 | 1,583,651,000 | 1,376,080,000 | 1,215,195,000 | 1,124,650,000 | 1,051,114,000 | 978,607,000 | 948,656,309 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,885,835 |
| Total Fixed Assets | 1,141,247,000 | 1,224,381,000 | 1,328,534,000 | 1,789,132,000 | 1,944,822,000 | 1,876,174,000 | 1,667,074,000 | 1,583,651,000 | 1,376,080,000 | 1,215,195,000 | 1,124,650,000 | 1,051,114,000 | 978,607,000 | 958,542,144 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 1,000 | 0 | 75,000 | 0 | 0 | 0 | 1,171,000 | 67,000 | 67,000 | 67,000 | 67,000 | 70,000 | 133,840 |
| Group Debtors | 97,000 | 105,000 | 0 | 532,000 | 0 | 0 | 13,997,000 | 23,527,000 | 23,164,000 | 24,693,000 | 14,155,000 | 14,167,000 | 14,204,000 | 16,438,524 |
| Misc Debtors | 9,948,000 | 20,416,000 | 31,056,000 | 17,960,000 | 27,774,000 | 20,062,000 | 25,006,000 | 13,627,000 | 13,245,000 | 13,683,000 | 13,852,000 | 21,186,000 | 34,854,000 | 11,644,552 |
| Cash | 300,000 | 300,000 | 300,000 | 349,000 | 408,000 | 19,103,000 | 12,664,000 | 13,742,000 | 10,059,000 | 2,079,000 | 578,000 | 4,603,000 | 6,000 | 6,304 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,345,000 | 20,822,000 | 31,356,000 | 18,916,000 | 28,182,000 | 39,165,000 | 51,667,000 | 52,067,000 | 46,535,000 | 40,522,000 | 28,652,000 | 40,023,000 | 49,134,000 | 28,223,220 |
| total assets | 1,151,592,000 | 1,245,203,000 | 1,359,890,000 | 1,808,048,000 | 1,973,004,000 | 1,915,339,000 | 1,718,741,000 | 1,635,718,000 | 1,422,615,000 | 1,255,717,000 | 1,153,302,000 | 1,091,137,000 | 1,027,741,000 | 986,765,364 |
| Bank overdraft | 0 | 0 | 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 | 0 | 0 |
| Trade Creditors | 0 | 0 | 3,000 | 0 | 841,000 | 127,000 | 53,000 | 522,000 | 21,000 | 23,000 | 20,000 | 18,000 | 0 | 0 |
| Group/Directors Accounts | 192,750,000 | 229,432,000 | 278,796,000 | 1,227,878,000 | 1,240,347,000 | 1,217,808,000 | 1,176,789,000 | 1,129,609,000 | 1,111,602,000 | 1,129,959,000 | 1,135,708,000 | 1,162,382,000 | 1,204,459,000 | 1,194,036,413 |
| other short term finances | 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 |
| other current liabilities | 7,944,000 | 10,157,000 | 15,309,000 | 24,738,000 | 17,720,000 | 16,806,000 | 10,362,000 | 15,688,000 | 7,739,000 | 3,468,000 | 3,773,000 | 2,542,000 | 3,768,000 | 0 |
| total current liabilities | 200,694,000 | 239,589,000 | 294,108,000 | 1,252,616,000 | 1,258,908,000 | 1,234,741,000 | 1,187,204,000 | 1,145,819,000 | 1,119,362,000 | 1,133,450,000 | 1,139,501,000 | 1,164,942,000 | 1,208,227,000 | 1,194,036,413 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 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 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 87,479,000 | 95,481,000 | 62,670,000 | 34,786,000 | 33,341,000 | 25,917,000 | 12,175,000 | 5,345,630 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 87,479,000 | 95,481,000 | 62,670,000 | 34,786,000 | 33,341,000 | 25,917,000 | 12,175,000 | 5,345,630 |
| total liabilities | 200,694,000 | 239,589,000 | 294,108,000 | 1,252,616,000 | 1,258,908,000 | 1,234,741,000 | 1,274,683,000 | 1,241,300,000 | 1,182,032,000 | 1,168,236,000 | 1,172,842,000 | 1,190,859,000 | 1,220,402,000 | 1,199,382,043 |
| net assets | 950,898,000 | 1,005,614,000 | 1,065,782,000 | 555,432,000 | 714,096,000 | 680,598,000 | 444,058,000 | 394,418,000 | 240,583,000 | 87,481,000 | -19,540,000 | -99,722,000 | -192,661,000 | -212,616,679 |
| total shareholders funds | 950,898,000 | 1,005,614,000 | 1,065,782,000 | 555,432,000 | 714,096,000 | 680,598,000 | 444,058,000 | 394,418,000 | 240,583,000 | 87,481,000 | -19,540,000 | -99,722,000 | -192,661,000 | -212,616,679 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -38,940,000 | -52,608,000 | -434,127,000 | -124,801,000 | 65,575,000 | 180,256,000 | 73,233,000 | 218,223,000 | 208,676,000 | 49,040,000 | 39,716,000 | 47,291,000 | 34,989,000 | -8,440,141 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | -10,000 | -39,000 | 1,041,000 | 85,917,000 | 4,194,000 | -37,146,000 | -30,371,000 | -1,445,000 | -7,424,000 | -13,742,000 | -6,829,000 | 2,155,797 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,477,000 | -10,534,000 | 12,489,000 | -9,207,000 | 7,712,000 | -18,941,000 | 678,000 | 1,849,000 | -1,967,000 | 10,369,000 | -7,346,000 | -13,708,000 | 11,025,249 | 38,102,751 |
| Creditors | 0 | -3,000 | 3,000 | -841,000 | 714,000 | 74,000 | -469,000 | 501,000 | -2,000 | 3,000 | 2,000 | 18,000 | 0 | 0 |
| Accruals and Deferred Income | -2,213,000 | -5,152,000 | -9,429,000 | 7,018,000 | 914,000 | 6,444,000 | -5,326,000 | 7,949,000 | 4,271,000 | -305,000 | 1,231,000 | -1,226,000 | 3,768,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -87,479,000 | -8,002,000 | 32,811,000 | 27,884,000 | 1,445,000 | 7,424,000 | 13,742,000 | 6,829,370 | 5,345,630 |
| Cash flow from operations | -30,676,000 | -47,229,000 | -456,052,000 | -109,456,000 | 60,532,000 | 204,153,000 | 62,952,000 | 220,489,000 | 212,425,000 | 38,369,000 | 48,295,000 | 59,791,000 | 27,732,121 | -39,041,465 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -83,134,000 | -104,153,000 | -460,598,000 | -155,690,000 | 68,648,000 | 209,100,000 | 83,423,000 | 207,571,000 | 160,885,000 | 90,545,000 | 73,536,000 | 72,507,000 | 29,950,691 | 948,656,309 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -36,682,000 | -49,364,000 | -949,082,000 | -12,469,000 | 22,539,000 | 41,019,000 | 47,180,000 | 18,007,000 | -18,357,000 | -5,749,000 | -26,674,000 | -42,077,000 | 10,422,587 | 1,194,036,413 |
| Other Short Term Loans | 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 | 0 |
| Hire Purchase and Lease Commitments | 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 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -8,847,000 | -7,529,000 | -29,123,000 | -33,750,000 | -33,118,000 | -29,640,000 | -27,828,000 | -25,706,000 | -25,293,000 | -25,590,000 | -16,606,000 | -10,642,000 | -10,972,000 | -14,853,974 |
| cash flow from financing | -52,462,000 | -56,893,000 | -4,491,000 | -46,219,000 | -10,579,000 | 11,379,000 | 19,352,000 | -7,699,000 | -43,650,000 | 54,227,000 | 21,216,000 | 13,972,000 | 2,218,266 | 987,704,078 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | -49,000 | -59,000 | -18,695,000 | 6,439,000 | -1,078,000 | 3,683,000 | 7,980,000 | 1,501,000 | -4,025,000 | 4,597,000 | -304 | 6,304 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -49,000 | -59,000 | -18,695,000 | 6,439,000 | -1,078,000 | 3,683,000 | 7,980,000 | 1,501,000 | -4,025,000 | 4,597,000 | -304 | 6,304 |
P&L
December 2022turnover
75.7m
-17%
operating profit
-38.9m
-26%
gross margin
57.3%
+1.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
950.9m
-0.05%
total assets
1.2b
-0.08%
cash
300k
0%
net assets
Total assets minus all liabilities
white city acquisitions limited company details
company number
03169129
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
serieskey limited (May 1996)
incorporated
UK
address
4th floor 1 ariel way, london, W12 7SL
last accounts submitted
December 2022
white city acquisitions 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 6 charges/mortgages relating to white city acquisitions limited. Currently there are 0 open charges and 6 have been satisfied in the past.
white city acquisitions limited Companies House Filings - See Documents
| date | description | view/download |
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