Wetherby Building Systems Limited

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wetherby building systems limited Company Information

Live

MatureLargeRapid

Company Number

03621726

Website

http://wbs-ltd.co.uk

Registered Address

1 kid glove road, golborne enterprise park, golborne, greater manchester, WA3 3GS

Industry

Other construction installation

Telephone

01942717100

Next Accounts Due

July 2025

Group Structure

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Directors

Steven Smith25 Years

Robert Deane22 Years

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Shareholders

robert harold deane 58.6%

paul kirby 13.7%

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wetherby building systems limited Estimated Valuation

£111.4m

Pomanda estimates the enterprise value of WETHERBY BUILDING SYSTEMS LIMITED at £111.4m based on an EBITDA of £10m and a 11.11x industry multiple (adjusted for size and gross margin).

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Wetherby Building Systems Limited is a live company located in golborne, WA3 3GS with a Companies House number of 03621726. It operates in the other construction installation sector, SIC Code 43290. Founded in August 1998, it's largest shareholder is robert harold deane with a 58.6% stake. Wetherby Building Systems Limited is a mature, large sized company, Pomanda has estimated its turnover at £47.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Wetherby Building Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

2 Regular

1 Weak

Size

annual sales of £47.6m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (7.2%)

EXPORT

Wetherby Building Systems Limited's latest turnover from October 2023 is £47.6 million and the company has net assets of £20.3 million. According to their latest financial statements, Wetherby Building Systems Limited has 80 employees and maintains cash reserves of £11.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	47,629,965	41,348,606	30,287,070	20,213,904	22,468,546	19,828,910	18,863,023	24,360,351	31,884,209	53,987,529	57,648,779	61,091,983	18,493,498	13,001,317	9,356,577
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	31,259,321	27,193,162	21,027,638	13,479,482	15,056,277	12,438,146	11,860,170	16,158,620	21,188,373	39,399,069	46,305,505	45,137,293	12,705,522	8,943,616	0
Gross Profit	16,370,644	14,155,444	9,259,432	6,734,422	7,412,269	7,390,764	7,002,853	8,201,731	10,695,836	14,588,460	11,343,274	15,954,690	5,787,976	4,057,701	0
Admin Expenses	6,680,121	5,598,940	4,720,463	3,482,038	3,910,147	3,828,546	3,557,729	5,234,555	4,755,183	7,257,724	8,367,379	4,683,748	3,040,245	2,658,275	-450,805
Operating Profit	9,690,523	8,556,504	4,538,969	3,252,384	3,502,122	3,562,218	3,445,124	2,967,176	5,940,653	7,330,736	2,975,895	11,270,942	2,747,731	1,399,426	450,805
Interest Payable	2,048	178	1,944	1,761	117	67,977	0	1,084	24,168	30,164	91,677	40,923	46,652	109,503	62,868
Interest Receivable	128,483	58,443	37,461	130,332	140,889	43,398	4,366	33,366	50,622	17,522	32,849	20,919	3,143	3,830	7,094
Pre-Tax Profit	9,816,958	8,614,769	4,574,486	3,380,955	3,642,894	3,537,639	3,449,348	2,999,458	5,967,107	7,318,094	3,109,462	11,250,938	2,704,222	1,293,753	395,031
Tax	-2,229,583	-1,587,074	-839,870	-555,655	-633,080	-688,903	-612,850	-619,904	-1,202,690	-1,541,645	-671,818	-2,808,958	-738,406	-373,441	-103,744
Profit After Tax	7,587,375	7,027,695	3,734,616	2,825,300	3,009,814	2,848,736	2,836,498	2,379,554	4,764,417	5,776,449	2,437,644	8,441,980	1,965,816	920,312	291,287
Dividends Paid	4,375,717	1,332,654	4,025,252	2,216,628	1,431,579	1,172,074	909,548	4,080,755	5,349,236	4,789,594	2,458,500	818,338	489,997	493,000	20,000
Retained Profit	3,211,658	5,695,041	-290,636	608,672	1,578,235	1,676,662	1,926,950	-1,701,201	-584,819	986,855	-20,856	7,623,642	1,475,819	427,312	271,287
Employee Costs	3,919,640	3,254,282	3,085,271	2,563,653	2,413,567	2,434,722	2,098,689	3,437,729	3,039,782	3,027,333	4,435,353	3,092,198	1,777,455	1,680,666	1,614,053
Number Of Employees	80	78	73	70	69	67	70	87	89	95	105	80	60	54	47
EBITDA*	10,020,690	8,839,802	4,828,931	3,553,851	3,793,361	3,806,524	3,757,517	3,277,848	6,265,131	7,693,414	3,349,435	11,502,221	2,921,978	1,552,409	593,563

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	2,477,565	2,216,628	2,346,296	2,401,934	3,087,212	2,997,568	2,964,559	3,231,766	3,347,694	3,384,204	3,621,664	3,120,223	2,247,928	1,393,225	1,355,993
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	90,000	0	49	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	0
Total Fixed Assets	2,567,565	2,216,628	2,346,345	2,401,934	3,087,212	2,997,568	2,964,559	3,231,766	3,347,694	3,384,204	3,621,664	3,120,223	2,247,928	1,393,225	1,355,993
Stock & work in progress	4,603,197	3,201,591	3,184,745	2,065,166	2,063,649	1,174,850	851,771	1,148,012	1,207,302	1,613,420	2,424,371	2,035,217	829,252	606,856	504,482
Trade Debtors	6,420,995	8,340,633	5,875,834	5,191,292	5,311,498	3,453,298	4,029,825	4,375,314	7,277,547	10,469,875	12,628,365	22,374,066	4,772,782	2,818,151	1,828,944
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,148,814	1,647,319	1,297,618	1,345,691	2,021,957	1,196,031	355,118	284,083	401,407	694,699	1,145,754	113,956	130,177	91,717	237,969
Cash	11,426,033	10,623,868	7,130,745	7,755,523	5,275,861	6,758,040	6,034,340	9,136,160	8,798,542	9,109,299	3,105,522	8,220,541	1,432,433	643,502	94,098
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	25,599,039	23,813,411	17,488,942	16,357,672	14,672,965	12,582,219	11,271,054	14,943,569	17,684,798	21,887,293	19,304,012	32,743,780	7,164,644	4,160,226	2,665,493
total assets	28,166,604	26,030,039	19,835,287	18,759,606	17,760,177	15,579,787	14,235,613	18,175,335	21,032,492	25,271,497	22,925,676	35,864,003	9,412,572	5,553,451	4,021,486
Bank overdraft	0	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	213,000	211,093	209,147	150,000	80,961	57,919
Trade Creditors	7,788,947	8,888,351	5,221,496	4,031,321	3,018,293	2,319,715	2,186,339	3,003,407	4,359,539	7,293,075	7,631,018	17,217,027	3,620,630	2,358,212	1,567,323
Group/Directors Accounts	0	0	1,612,326	296,719	636,505	541,744	401,925	2,278,317	2,006,552	1,408,424	588,134	310,779	259,493	102,026	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	7,160	0	0	0	0	0	0	0	25,973	47,985	68,986	89,522
other current liabilities	0	0	1,570,110	1,252,857	1,603,675	1,784,859	2,315,542	3,710,643	3,782,231	4,429,415	3,309,367	6,668,046	1,552,880	966,821	569,287
total current liabilities	7,788,947	8,888,351	8,403,932	5,588,057	5,258,473	4,646,318	4,903,806	8,992,367	10,148,322	13,343,914	11,739,612	24,430,972	5,630,988	3,577,006	2,284,051
loans	0	0	0	0	0	0	0	0	0	458,594	671,593	882,696	787,500	445,981	532,625
hp & lease commitments	0	0	0	61,174	0	0	0	0	0	0	0	0	53,279	69,369	106,027
Accruals and Deferred Income	0	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	37,095	52,508	67,566	82,566
provisions	39,603	15,292	0	0	0	0	0	0	0	0	32,337	20,250	18,949	0	0
total long term liabilities	39,603	15,292	0	61,174	0	0	0	0	0	458,594	703,930	940,041	912,236	582,916	721,218
total liabilities	7,828,550	8,903,643	8,403,932	5,649,231	5,258,473	4,646,318	4,903,806	8,992,367	10,148,322	13,802,508	12,443,542	25,371,013	6,543,224	4,159,922	3,005,269
net assets	20,338,054	17,126,396	11,431,355	13,110,375	12,501,704	10,933,469	9,331,807	9,182,968	10,884,170	11,468,989	10,482,134	10,492,990	2,869,348	1,393,529	1,016,217
total shareholders funds	20,338,054	17,126,396	11,431,355	13,110,375	12,501,704	10,933,469	9,331,807	9,182,968	10,884,170	11,468,989	10,482,134	10,492,990	2,869,348	1,393,529	1,016,217

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	9,690,523	8,556,504	4,538,969	3,252,384	3,502,122	3,562,218	3,445,124	2,967,176	5,940,653	7,330,736	2,975,895	11,270,942	2,747,731	1,399,426	450,805
Depreciation	330,167	283,298	289,962	301,467	291,239	244,306	312,393	310,672	324,478	362,678	373,540	231,279	174,247	152,983	142,758
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,229,583	-1,587,074	-839,870	-555,655	-633,080	-688,903	-612,850	-619,904	-1,202,690	-1,541,645	-671,818	-2,808,958	-738,406	-373,441	-103,744
Stock	1,401,606	16,846	1,119,579	1,517	888,799	323,079	-296,241	-59,290	-406,118	-810,951	389,154	1,205,965	222,396	102,374	504,482
Debtors	-418,143	2,814,500	636,469	-796,472	2,684,126	264,386	-274,454	-3,019,557	-3,485,620	-2,609,545	-8,713,903	17,585,063	1,993,091	842,955	2,066,913
Creditors	-1,099,404	3,666,855	1,190,175	1,013,028	698,578	133,376	-817,068	-1,356,132	-2,933,536	-337,943	-9,586,009	13,596,397	1,262,418	790,889	1,567,323
Accruals and Deferred Income	0	-1,570,110	317,253	-350,818	-181,184	-530,683	-1,395,101	-71,588	-647,184	1,120,048	-3,358,679	5,115,166	586,059	397,534	569,287
Deferred Taxes & Provisions	24,311	15,292	0	0	0	0	0	0	0	-32,337	12,087	1,301	18,949	0	0
Cash flow from operations	5,732,551	6,533,419	3,740,441	4,455,361	104,750	2,132,849	1,503,193	4,309,071	5,373,459	10,322,033	-1,930,235	8,615,099	1,835,511	1,422,062	55,034
Investing Activities
capital expenditure	0	0	0	0	132,433	160,033	184,623	195,661	203,569	-138,611	-882,957	-1,113,368	-1,037,720	-200,384	-389,283
Change in Investments	90,000	-49	49	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-90,000	49	-49	0	132,433	160,033	184,623	195,661	203,569	-138,611	-882,957	-1,113,368	-1,037,720	-200,384	-389,283
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-213,000	1,907	1,946	59,147	69,039	23,042	57,919
Group/Directors Accounts	0	-1,612,326	1,315,607	-339,786	94,761	139,819	-1,876,392	271,765	598,128	820,290	277,355	51,286	157,467	102,026	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	-458,594	-212,999	-211,103	95,196	341,519	-86,644	532,625
Hire Purchase and Lease Commitments	0	0	-68,334	68,334	0	0	0	0	0	0	-25,973	-75,291	-37,091	-57,194	195,549
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-37,095	-15,413	-15,058	-15,000	82,566
share issue	0	0	-1,388,384	-1	-10,000	-75,000	-1,778,111	-1	0	0	10,000	0	0	-50,000	744,930
interest	126,435	58,265	35,517	128,571	140,772	-24,579	4,366	32,282	26,454	-12,642	-58,828	-20,004	-43,509	-105,673	-55,774
cash flow from financing	126,435	-1,554,061	-105,594	-142,882	225,533	40,240	-3,650,137	304,046	-47,012	596,556	-43,698	94,921	472,367	-189,443	1,557,815
cash and cash equivalents
cash	802,165	3,493,123	-624,778	2,479,662	-1,482,179	723,700	-3,101,820	337,618	-310,757	6,003,777	-5,115,019	6,788,108	788,931	549,404	94,098
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	802,165	3,493,123	-624,778	2,479,662	-1,482,179	723,700	-3,101,820	337,618	-310,757	6,003,777	-5,115,019	6,788,108	788,931	549,404	94,098

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WETHERBY BUILDING SYSTEMS LIMITED group structure

Wetherby Building Systems Limited has no subsidiary companies.

Ultimate parent company

WETHERBY BUILDING SYSTEMS LIMITED

03621726

WETHERBY BUILDING SYSTEMS LIMITED Shareholders

robert harold deane	58.56%
paul kirby	13.72%
steven john smith	13.72%
karen arnold	6.18%
joseph ragdale	5.31%
adam shackleton	2.47%
michelle kirby	0.01%
karen smith	0.01%

Wetherby Building Systems Limited currently has 6 directors. The longest serving directors include Mr Steven Smith (Aug 1998) and Mr Robert Deane (Feb 2002).

officer	country	age	start	end	role
Mr Steven Smith		54 years	Aug 1998	-	Director
Mr Robert Deane	United Kingdom	70 years	Feb 2002	-	Director
Mr Paul Kirby	United Kingdom	59 years	Feb 2002	-	Director
Ms Karen Arnold	United Kingdom	48 years	Sep 2004	-	Director
Mr John Armstrong		54 years	Jan 2019	-	Director
Mr Joseph Ragdale		42 years	Jan 2019	-	Director

P&L

October 2023

turnover

47.6m

+15%

operating profit

9.7m

+13%

gross margin

34.4%

+0.4%

turnover

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

Balance Sheet

October 2023

net assets

20.3m

+0.19%

total assets

28.2m

+0.08%

cash

11.4m

+0.08%

net assets

Total assets minus all liabilities

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company number

03621726

Type

Private limited with Share Capital

industry

43290 - Other construction installation

incorporation date

August 1998

age

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

1 kid glove road, golborne enterprise park, golborne, greater manchester, WA3 3GS

last accounts submitted

October 2023

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 8 charges/mortgages relating to wetherby building systems limited. Currently there are 1 open charges and 7 have been satisfied in the past.

wetherby building systems limited Company Information

wetherby building systems limited Estimated Valuation

wetherby building systems limited Estimated Valuation

wetherby building systems limited Estimated Valuation

Wetherby Building Systems Limited Overview

Wetherby Building Systems Limited Health Check

WETHERBY BUILDING SYSTEMS LIMITED financials

wetherby building systems limited Credit Report and Business Information

Wetherby Building Systems Limited Competitor Analysis

wetherby building systems limited Ownership

wetherby building systems limited directors

wetherby building systems limited company details

wetherby building systems limited Charges & Mortgages

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