West 3 Mechanical Contractors Limited

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west 3 mechanical contractors limited Company Information

Live

MatureSmallHealthy

Company Number

03218285

Next Accounts

60 days late

Industry

Plumbing, heat and air-conditioning installation

Directors

Danny Farren

Shareholders

danny farren

catherine farren

Group Structure

View All

Contact

Registered Address

18 silver street, enfield, middlesex, EN1 3EG

Website

west 3 mechanical contractors limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of WEST 3 MECHANICAL CONTRACTORS LIMITED at £2m based on a Turnover of £3.4m and 0.59x industry multiple (adjusted for size and gross margin).

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West 3 Mechanical Contractors Limited is a live company located in middlesex, EN1 3EG with a Companies House number of 03218285. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in June 1996, it's largest shareholder is danny farren with a 100% stake. West 3 Mechanical Contractors Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded West 3 Mechanical Contractors 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 Rating4out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3.4m, make it larger than the average company (£380.9k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.5%)

EXPORT

West 3 Mechanical Contractors Limited's latest turnover from February 2023 is estimated at £3.4 million and the company has net assets of £324.2 thousand. According to their latest financial statements, West 3 Mechanical Contractors Limited has 21 employees and maintains cash reserves of £279.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,437,020	4,291,826	3,176,187	2,819,647	1,693,561	2,500,525	1,671,533	1,120,839	1,608,081	3,317,616	4,675,731	5,526,144	4,640,223	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,435,206	2,989,728	2,218,143	1,909,144	1,106,297	1,664,027	1,071,674	721,131	1,029,221	2,068,037	2,842,039	3,405,147	2,726,217	0
Gross Profit	1,001,814	1,302,099	958,044	910,503	587,263	836,498	599,860	399,708	578,861	1,249,579	1,833,692	2,120,997	1,914,007	0
Admin Expenses	985,719	1,380,620	936,447	885,946	618,826	784,276	450,581	142,586	562,812	1,404,912	1,919,229	2,115,683	1,911,939	-117,684
Operating Profit	16,095	-78,521	21,597	24,557	-31,563	52,222	149,279	257,122	16,049	-155,333	-85,537	5,314	2,068	117,684
Interest Payable	14,821	3,033	1,525	376	376	0	93	97	0	0	0	0	0	0
Interest Receivable	5,788	297	125	535	1,368	1,145	184	205	73	1	3	8	8	2
Pre-Tax Profit	7,062	-81,257	20,198	24,716	-30,571	53,368	149,370	257,230	16,122	-155,332	-85,534	5,322	2,076	117,686
Tax	-1,342	0	-3,838	-4,696	0	-10,140	-29,874	-51,446	-3,386	0	0	-1,384	-581	-32,952
Profit After Tax	5,720	-81,257	16,360	20,020	-30,571	43,228	119,496	205,784	12,736	-155,332	-85,534	3,938	1,495	84,734
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	5,720	-81,257	16,360	20,020	-30,571	43,228	119,496	205,784	12,736	-155,332	-85,534	3,938	1,495	84,734
Employee Costs	704,152	592,027	413,696	453,779	413,586	202,211	172,896	178,816	415,162	855,737	1,221,542	1,627,529	1,378,266	0
Number Of Employees	21	18	13	13	12	6	5	5	12	24	36	47	43	0
EBITDA*	21,595	-77,586	22,891	26,321	-29,297	55,912	153,038	263,146	23,088	-148,023	-79,950	9,397	7,456	124,797

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	16,501	2,804	3,739	5,033	6,797	11,069	11,280	18,078	21,120	12,186	19,494	12,888	16,972	22,360
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	16,501	2,804	3,739	5,033	6,797	11,069	11,280	18,078	21,120	12,186	19,494	12,888	16,972	22,360
Stock & work in progress	85,000	145,000	139,500	137,500	72,500	85,000	63,500	60,000	30,000	0	0	0	0	0
Trade Debtors	674,307	873,932	591,800	0	0	0	0	0	328,468	553,429	742,973	849,629	669,938	313,672
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	414,251	452,205	319,470	993,227	809,624	864,946	977,548	731,816	0	0	0	0	6,741	11,702
Cash	279,155	10,233	108,549	142,231	500	364,283	93,902	53,508	28,616	500	500	727	2,456	856
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,452,713	1,481,370	1,159,319	1,272,958	882,624	1,314,229	1,134,950	845,324	387,084	553,929	743,473	850,356	679,135	326,230
total assets	1,469,214	1,484,174	1,163,058	1,277,991	889,421	1,325,298	1,146,230	863,402	408,204	566,115	762,967	863,244	696,107	348,590
Bank overdraft	219,753	0	0	0	11,150	0	0	2,985	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	662,493	848,551	557,243	727,678	369,286	781,845	531,060	286,417	156,210	322,065	489,391	600,984	539,541	250,424
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	229,451	273,826	156,094	166,952	141,898	145,795	220,961	101,618	0	0	0	0	0	0
total current liabilities	1,111,697	1,122,377	713,337	894,630	522,334	927,640	752,021	391,020	156,210	322,065	489,391	600,984	539,541	250,424
loans	33,333	43,333	50,000	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	3,746	3,746	43,525	241,194	226,590	231,382	268,843	170,189	67,689	10,000
provisions	0	0	0	0	0	0	0	0	0	0	0	1,804	2,548	3,332
total long term liabilities	33,333	43,333	50,000	0	3,746	3,746	43,525	241,194	226,590	231,382	268,843	171,993	70,237	13,332
total liabilities	1,145,030	1,165,710	763,337	894,630	526,080	931,386	795,546	632,214	382,800	553,447	758,234	772,977	609,778	263,756
net assets	324,184	318,464	399,721	383,361	363,341	393,912	350,684	231,188	25,404	12,668	4,733	90,267	86,329	84,834
total shareholders funds	324,184	318,464	399,721	383,361	363,341	393,912	350,684	231,188	25,404	12,668	4,733	90,267	86,329	84,834

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	16,095	-78,521	21,597	24,557	-31,563	52,222	149,279	257,122	16,049	-155,333	-85,537	5,314	2,068	117,684
Depreciation	5,500	935	1,294	1,764	2,266	3,690	3,759	6,024	7,039	7,310	5,587	4,083	5,388	7,113
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,342	0	-3,838	-4,696	0	-10,140	-29,874	-51,446	-3,386	0	0	-1,384	-581	-32,952
Stock	-60,000	5,500	2,000	65,000	-12,500	21,500	3,500	30,000	30,000	0	0	0	0	0
Debtors	-237,579	414,867	-81,957	183,603	-55,322	-112,602	245,732	403,348	-224,961	553,429	-106,656	172,950	351,305	325,374
Creditors	-186,058	291,308	-170,435	358,392	-412,559	250,785	244,643	130,207	-165,855	322,065	-111,593	61,443	289,117	250,424
Accruals and Deferred Income	-44,375	117,732	-10,858	25,054	-3,897	-75,166	119,343	101,618	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-1,804	-744	-784	3,332
Cash flow from operations	87,399	-88,913	-82,283	156,468	-377,931	312,493	237,918	10,177	48,808	-379,387	-86,691	-104,238	-56,097	20,227
Investing Activities
capital expenditure	-19,197	0	0	0	2,006	-3,479	3,039	-2,982	-15,973	-19,496	-12,193	1	0	-29,473
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-19,197	0	0	0	2,006	-3,479	3,039	-2,982	-15,973	-19,496	-12,193	1	0	-29,473
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	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
Long term loans	-10,000	-6,667	50,000	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	-3,746	0	-39,779	-197,669	14,604	-4,792	231,382	98,654	102,500	57,689	10,000
share issue	0	0	0	0	0	0	0	0	0	168,000	0	0	0	100
interest	-9,033	-2,736	-1,400	159	992	1,145	91	108	73	1	3	8	8	2
cash flow from financing	-19,033	-9,403	48,600	-3,587	992	-38,634	-197,578	14,712	-4,719	399,383	98,657	102,508	57,697	10,102
cash and cash equivalents
cash	268,922	-98,316	-33,682	141,731	-363,783	270,381	40,394	24,892	28,116	500	-227	-1,729	1,600	856
overdraft	219,753	0	0	-11,150	11,150	0	-2,985	2,985	0	0	0	0	0	0
change in cash	49,169	-98,316	-33,682	152,881	-374,933	270,381	43,379	21,907	28,116	500	-227	-1,729	1,600	856

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WEST 3 MECHANICAL CONTRACTORS LIMITED group structure

West 3 Mechanical Contractors Limited has no subsidiary companies.

Ultimate parent company

WEST 3 MECHANICAL CONTRACTORS LIMITED

03218285

WEST 3 MECHANICAL CONTRACTORS LIMITED Shareholders

danny farren	99.96%
catherine farren	0.04%

West 3 Mechanical Contractors Limited currently has 1 director, Mr Danny Farren serving since Oct 1999.

officer	country	age	start	end	role
Mr Danny Farren		49 years	Oct 1999	-	Director

P&L

February 2023

turnover

3.4m

-20%

operating profit

16.1k

gross margin

29.2%

-3.93%

turnover

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

Balance Sheet

February 2023

net assets

324.2k

+0.02%

total assets

1.5m

-0.01%

cash

279.2k

+26.28%

net assets

Total assets minus all liabilities

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company number

03218285

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

June 1996

ultimate parent company

None

previous names

west three fabrications (1996) limited (November 2007)

address

18 silver street, enfield, middlesex, EN1 3EG

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 2 charges/mortgages relating to west 3 mechanical contractors limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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west 3 mechanical contractors limited Company Information

west 3 mechanical contractors limited Estimated Valuation

west 3 mechanical contractors limited Estimated Valuation

west 3 mechanical contractors limited Estimated Valuation

West 3 Mechanical Contractors Limited Overview

West 3 Mechanical Contractors Limited Health Check

WEST 3 MECHANICAL CONTRACTORS LIMITED financials

west 3 mechanical contractors limited Credit Report and Business Information

West 3 Mechanical Contractors Limited Competitor Analysis

west 3 mechanical contractors limited Ownership

west 3 mechanical contractors limited directors

west 3 mechanical contractors limited company details

west 3 mechanical contractors limited Charges & Mortgages

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west 3 mechanical contractors limited Companies House Filings - See Documents