wernick refurbished buildings ltd.
wernick refurbished buildings ltd. Company Information
Company Number
03341126
Next Accounts
Sep 2025
Shareholders
wernick hire ltd
Group Structure
View All
Industry
Construction of commercial buildings
Registered Address
molineux house russell gardens, wickford, essex, SS11 8QG
Website
www.wernick.co.ukwernick refurbished buildings ltd. Estimated Valuation
Pomanda estimates the enterprise value of WERNICK REFURBISHED BUILDINGS LTD. at £13.6m based on a Turnover of £18.8m and 0.73x industry multiple (adjusted for size and gross margin).
wernick refurbished buildings ltd. Estimated Valuation
Pomanda estimates the enterprise value of WERNICK REFURBISHED BUILDINGS LTD. at £23.3m based on an EBITDA of £3.1m and a 7.6x industry multiple (adjusted for size and gross margin).
wernick refurbished buildings ltd. Estimated Valuation
Pomanda estimates the enterprise value of WERNICK REFURBISHED BUILDINGS LTD. at £15.7m based on Net Assets of £10.4m and 1.51x industry multiple (adjusted for liquidity).
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Wernick Refurbished Buildings Ltd. Overview
Wernick Refurbished Buildings Ltd. is a live company located in essex, SS11 8QG with a Companies House number of 03341126. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in March 1997, it's largest shareholder is wernick hire ltd with a 100% stake. Wernick Refurbished Buildings Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £18.8m with rapid growth in recent years.
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Wernick Refurbished Buildings Ltd. Health Check
Pomanda's financial health check has awarded Wernick Refurbished Buildings Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
3 Regular
1 Weak
Size
annual sales of £18.8m, make it larger than the average company (£12.1m)
£18.8m - Wernick Refurbished Buildings Ltd.
£12.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (7.5%)
- Wernick Refurbished Buildings Ltd.
7.5% - Industry AVG
Production
with a gross margin of 36%, this company has a lower cost of product (15.7%)
36% - Wernick Refurbished Buildings Ltd.
15.7% - Industry AVG
Profitability
an operating margin of 13.7% make it more profitable than the average company (4.5%)
13.7% - Wernick Refurbished Buildings Ltd.
4.5% - Industry AVG
Employees
with 57 employees, this is above the industry average (33)
57 - Wernick Refurbished Buildings Ltd.
33 - Industry AVG
Pay Structure
on an average salary of £43.4k, the company has a lower pay structure (£55.1k)
£43.4k - Wernick Refurbished Buildings Ltd.
£55.1k - Industry AVG
Efficiency
resulting in sales per employee of £329.6k, this is equally as efficient (£361.7k)
£329.6k - Wernick Refurbished Buildings Ltd.
£361.7k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (46 days)
45 days - Wernick Refurbished Buildings Ltd.
46 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (39 days)
52 days - Wernick Refurbished Buildings Ltd.
39 days - Industry AVG
Stock Days
it holds stock equivalent to 21 days, this is in line with average (19 days)
21 days - Wernick Refurbished Buildings Ltd.
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (21 weeks)
6 weeks - Wernick Refurbished Buildings Ltd.
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38%, this is a lower level of debt than the average (68%)
38% - Wernick Refurbished Buildings Ltd.
68% - Industry AVG
WERNICK REFURBISHED BUILDINGS LTD. financials
Wernick Refurbished Buildings Ltd.'s latest turnover from December 2023 is £18.8 million and the company has net assets of £10.4 million. According to their latest financial statements, Wernick Refurbished Buildings Ltd. has 57 employees and maintains cash reserves of £780.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 18,785,304 | 11,683,613 | 5,891,667 | 4,641,827 | 4,236,571 | 3,451,000 | 2,968,257 | 3,207,374 | 3,876,641 | 3,247,897 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 12,017,929 | 6,931,645 | 3,251,545 | 2,421,697 | 2,187,088 | 2,164,730 | 1,851,681 | 1,829,210 | 2,335,714 | 1,703,327 | |||||
| Gross Profit | 6,767,375 | 4,751,968 | 2,640,122 | 2,220,130 | 2,049,483 | 1,286,270 | 1,116,576 | 1,378,164 | 1,540,927 | 1,544,570 | |||||
| Admin Expenses | 4,187,806 | 3,331,695 | 2,037,693 | 1,616,879 | 1,335,093 | 931,003 | 879,882 | ||||||||
| Operating Profit | 2,579,569 | 1,420,273 | 602,429 | 603,251 | 714,390 | 355,267 | 236,694 | ||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 2,343,193 | ||||||||||||||
| Pre-Tax Profit | 2,579,569 | 1,258,273 | 602,429 | 603,251 | 714,390 | 355,267 | 236,694 | 344,454 | 490,760 | 595,020 | |||||
| Tax | -763,142 | -156,870 | -238,161 | -117,984 | -154,735 | -65,221 | -48,493 | -86,269 | -149,391 | -170,630 | |||||
| Profit After Tax | 1,816,427 | 1,101,403 | 364,268 | 485,267 | 559,655 | 290,046 | 188,201 | 258,185 | 341,369 | 424,390 | |||||
| Dividends Paid | 1,500,000 | 1,000,000 | |||||||||||||
| Retained Profit | 1,816,427 | 1,101,403 | 364,268 | 485,267 | 559,655 | 290,046 | 188,201 | -1,241,815 | 341,369 | -575,610 | |||||
| Employee Costs | 2,472,153 | 1,973,285 | 1,162,570 | 963,730 | 753,441 | 684,621 | |||||||||
| Number Of Employees | 57 | 46 | 37 | 34 | 34 | 36 | 40 | 41 | 35 | 29 | 31 | ||||
| EBITDA* | 3,065,811 | 1,792,915 | 902,692 | 898,530 | 874,715 | 402,700 | 291,953 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 1,557,664 | 852,071 | 440,825 | 466,409 | 597,520 | 835,985 | 802,127 | 1,056,608 | 924,743 | 1,095,508 | 810,656 | 766,226 | 908,856 | 1,115,714 | 1,251,886 |
| Intangible Assets | 292,925 | 508,925 | |||||||||||||
| Investments & Other | 100 | ||||||||||||||
| Debtors (Due After 1 year) | 7,868 | ||||||||||||||
| Total Fixed Assets | 1,850,589 | 1,361,096 | 440,825 | 466,409 | 597,520 | 835,985 | 802,127 | 1,056,608 | 924,743 | 1,095,508 | 810,656 | 766,226 | 916,724 | 1,115,714 | 1,251,886 |
| Stock & work in progress | 701,419 | 1,131,336 | 523,617 | 446,683 | 417,800 | 354,346 | 666,842 | 607,763 | 343,169 | 760,558 | 818,016 | 1,144,244 | 666,533 | 1,048,656 | 330,480 |
| Trade Debtors | 2,316,112 | 1,530,318 | 1,028,463 | 453,299 | 312,771 | 322,329 | 358,260 | 408,480 | 296,498 | 318,819 | 246,613 | 515,685 | 503,890 | 275,621 | 602,499 |
| Group Debtors | 9,031,815 | 6,834,688 | 7,350,525 | 4,968,898 | 4,687,175 | 3,427,513 | 3,215,436 | 1,681,857 | 2,036,784 | 1,274,788 | 1,170,900 | 344,005 | 687,436 | 1,852,973 | 1,677,493 |
| Misc Debtors | 2,094,643 | 6,874,709 | 1,634,231 | 694,540 | 382,232 | 309,985 | 634,788 | 1,240,008 | 839,869 | 169,319 | 192,939 | 4,440 | 9,508 | 9,158 | 4,709 |
| Cash | 780,498 | 982,861 | 489,989 | 888,263 | 479,192 | 590,316 | 298,954 | 317,752 | 800 | 44,486 | 800 | 800 | 500 | 500 | 500 |
| misc current assets | |||||||||||||||
| total current assets | 14,924,487 | 17,353,912 | 11,026,825 | 7,451,683 | 6,279,170 | 5,004,489 | 5,174,280 | 4,255,860 | 3,517,120 | 2,567,970 | 2,429,268 | 2,009,174 | 1,867,867 | 3,186,908 | 2,615,681 |
| total assets | 16,775,076 | 18,715,008 | 11,467,650 | 7,918,092 | 6,876,690 | 5,840,474 | 5,976,407 | 5,312,468 | 4,441,863 | 3,663,478 | 3,239,924 | 2,775,400 | 2,784,591 | 4,302,622 | 3,867,567 |
| Bank overdraft | 214,777 | 70,058 | 144,952 | 253,195 | 401,175 | 308,816 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,721,161 | 3,402,583 | 1,412,173 | 796,652 | 577,151 | 523,126 | 521,043 | 359,532 | 644,826 | 401,275 | 402,673 | 366,045 | 295,108 | 409,198 | 262,767 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 4,494,226 | 6,624,809 | 2,534,061 | 1,053,864 | 723,527 | 374,927 | 889,371 | 1,194,351 | 266,255 | 322,367 | 367,998 | 73,512 | 156,267 | 112,372 | 236,145 |
| total current liabilities | 6,215,387 | 10,027,392 | 3,946,234 | 1,850,516 | 1,300,678 | 898,053 | 1,410,414 | 1,553,883 | 1,125,858 | 723,642 | 840,729 | 584,509 | 704,570 | 922,745 | 807,728 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 156,438 | 100,792 | 35,995 | 35,995 | 35,995 | 59,218 | 120,921 | 105,554 | 27,242 | 67,056 | 86,067 | 108,117 | 140,541 | 198,582 | 219,913 |
| total long term liabilities | 156,438 | 100,792 | 35,995 | 35,995 | 35,995 | 59,218 | 120,921 | 105,554 | 27,242 | 67,056 | 86,067 | 108,117 | 140,541 | 198,582 | 219,913 |
| total liabilities | 6,371,825 | 10,128,184 | 3,982,229 | 1,886,511 | 1,336,673 | 957,271 | 1,531,335 | 1,659,437 | 1,153,100 | 790,698 | 926,796 | 692,626 | 845,111 | 1,121,327 | 1,027,641 |
| net assets | 10,403,251 | 8,586,824 | 7,485,421 | 6,031,581 | 5,540,017 | 4,883,203 | 4,445,072 | 3,653,031 | 3,288,763 | 2,872,780 | 2,313,128 | 2,082,774 | 1,939,480 | 3,181,295 | 2,839,926 |
| total shareholders funds | 10,403,251 | 8,586,824 | 7,485,421 | 6,031,581 | 5,540,017 | 4,883,203 | 4,445,072 | 3,653,031 | 3,288,763 | 2,872,780 | 2,313,128 | 2,082,774 | 1,939,480 | 3,181,295 | 2,839,926 |
| Dec 2023 | 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 | 2,579,569 | 1,420,273 | 602,429 | 603,251 | 714,390 | 355,267 | 236,694 | ||||||||
| Depreciation | 270,242 | 210,642 | 147,673 | 141,848 | 238,299 | 231,247 | 235,980 | 300,263 | 295,279 | 160,325 | 47,433 | 55,259 | 146,986 | 180,938 | 179,035 |
| Amortisation | 216,000 | 162,000 | |||||||||||||
| Tax | -763,142 | -156,870 | -238,161 | -117,984 | -154,735 | -65,221 | -48,493 | -86,269 | -149,391 | -170,630 | |||||
| Stock | -429,917 | 607,719 | 76,934 | 28,883 | 63,454 | -312,496 | 59,079 | 264,594 | -417,389 | -57,458 | -326,228 | 477,711 | -382,123 | 718,176 | 330,480 |
| Debtors | -1,797,145 | 5,226,496 | 3,896,482 | 734,559 | 1,322,351 | -148,657 | 878,139 | 157,194 | 1,410,225 | 152,474 | 746,322 | -344,572 | -929,050 | -146,949 | 2,284,701 |
| Creditors | -1,681,422 | 1,990,410 | 615,521 | 219,501 | 54,025 | 2,083 | 161,511 | -285,294 | 243,551 | -1,398 | 36,628 | 70,937 | -114,090 | 146,431 | 262,767 |
| Accruals and Deferred Income | -2,130,583 | 4,090,748 | 1,480,197 | 330,337 | 348,600 | -514,444 | -304,980 | 928,096 | -56,112 | -45,631 | 294,486 | -82,755 | 43,895 | -123,773 | 236,145 |
| Deferred Taxes & Provisions | 55,646 | 64,797 | -23,223 | -61,703 | 15,367 | 78,312 | -39,814 | -19,011 | -22,050 | -32,424 | -58,041 | -21,331 | 219,913 | ||
| Cash flow from operations | 773,372 | 1,947,785 | 963,857 | -64,665 | 558,924 | 226,449 | 66,079 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 59,872 | -44,766 | -16,824 | ||||||||||||
| Change in Investments | -100 | 100 | |||||||||||||
| cash flow from investments | 59,872 | -44,766 | -16,824 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 2,343,193 | ||||||||||||||
| cash flow from financing | 2,343,193 | -69,284 | -3 | 3,415,536 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -202,363 | 492,872 | -398,274 | 409,071 | -111,124 | 291,362 | -18,798 | 316,952 | -43,686 | 43,686 | 300 | 500 | |||
| overdraft | -214,777 | 214,777 | -70,058 | -74,894 | -108,243 | -147,980 | 92,359 | 308,816 | |||||||
| change in cash | -202,363 | 492,872 | -398,274 | 409,071 | -111,124 | 291,362 | -18,798 | 531,729 | -258,463 | 113,744 | 74,894 | 108,543 | 147,980 | -92,359 | -308,316 |
wernick refurbished buildings ltd. Credit Report and Business Information
Wernick Refurbished Buildings Ltd. Competitor Analysis
Perform a competitor analysis for wernick refurbished buildings ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in SS11 area or any other competitors across 12 key performance metrics.
wernick refurbished buildings ltd. Ownership
WERNICK REFURBISHED BUILDINGS LTD. group structure
Wernick Refurbished Buildings Ltd. has 1 subsidiary company.
Ultimate parent company
2 parents
WERNICK REFURBISHED BUILDINGS LTD.
03341126
1 subsidiary
wernick refurbished buildings ltd. directors
Wernick Refurbished Buildings Ltd. currently has 5 directors. The longest serving directors include Mr David Wernick (Feb 2005) and Mr John Jaggon (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Wernick | England | 68 years | Feb 2005 | - | Director |
| Mr John Jaggon | England | 56 years | Jan 2017 | - | Director |
| Mr Jonathan Wernick | England | 35 years | Jan 2021 | - | Director |
| Mr Alan Barnes | England | 60 years | Jan 2023 | - | Director |
| Mr Callum Davies | England | 36 years | Mar 2025 | - | Director |
P&L
December 2023turnover
18.8m
+61%
operating profit
2.6m
+82%
gross margin
36.1%
-11.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10.4m
+0.21%
total assets
16.8m
-0.1%
cash
780.5k
-0.21%
net assets
Total assets minus all liabilities
Similar Companies
wernick refurbished buildings ltd. company details
company number
03341126
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
incorporation date
March 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
pk accommodation limited (September 2014)
accountant
-
auditor
RICKARD LUCKIN LIMITED
address
molineux house russell gardens, wickford, essex, SS11 8QG
Bank
BARCLAYS BANK PLC
Legal Advisor
BUMMES PAULL
wernick refurbished buildings ltd. 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 2 charges/mortgages relating to wernick refurbished buildings ltd.. Currently there are 1 open charges and 1 have been satisfied in the past.
wernick refurbished buildings ltd. 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.
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wernick refurbished buildings ltd. Companies House Filings - See Documents
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