W.e.c. (leeds) Ltd

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w.e.c. (leeds) ltd Company Information

Live

MatureSmallDeclining

Company Number

03674162

Website

http://rhinoflex.co.uk

Registered Address

unit 5 graphite way, rossington, park, hadfield, derbyshire, sk131qg, SK13 1QG

Industry

Other manufacturing n.e.c.

Telephone

01457855463

Next Accounts Due

February 2025

Group Structure

View All

Directors

Glenn Felton25 Years

Shareholders

lyndsey jane felton 50%

glenn felton 50%

w.e.c. (leeds) ltd Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of W.E.C. (LEEDS) LTD at £1.9m based on Net Assets of £924k and 2.05x industry multiple (adjusted for liquidity).

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W.e.c. (leeds) Ltd is a live company located in derbyshire, SK13 1QG with a Companies House number of 03674162. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 1998, it's largest shareholder is lyndsey jane felton with a 50% stake. W.e.c. (leeds) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded W.E.C. (Leeds) Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£14m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.5%)

EXPORT

W.E.C. (Leeds) Ltd's latest turnover from May 2023 is estimated at £1.1 million and the company has net assets of £924 thousand. According to their latest financial statements, W.E.C. (Leeds) Ltd has 10 employees and maintains cash reserves of £358 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,137,882	1,155,740	1,333,564	1,175,648	1,299,238	1,401,294	1,136,218	1,316,936	1,196,448	870,454	881,288	727,810	1,147,271	830,163
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	806,500	809,024	957,056	830,798	908,708	979,206	769,349	890,599	820,481	593,805	600,052	493,135	777,100	555,722
Gross Profit	331,382	346,716	376,508	344,850	390,531	422,089	366,869	426,338	375,967	276,649	281,236	234,675	370,171	274,441
Admin Expenses	160,918	197,870	235,547	310,281	322,796	388,577	245,773	404,883	344,187	291,368	261,163	241,355	354,448	-143,161
Operating Profit	170,464	148,846	140,961	34,569	67,735	33,512	121,096	21,455	31,780	-14,719	20,073	-6,680	15,723	417,602
Interest Payable	2,501	3,417	1,525	0	0	0	1,316	1,368	0	440	1,481	2,672	4,385	2,755
Interest Receivable	18,273	4,314	298	180	1,280	830	340	474	447	457	411	404	391	186
Pre-Tax Profit	186,236	149,743	139,735	34,749	69,015	34,342	120,121	20,560	32,226	-14,702	19,003	-8,947	11,728	415,033
Tax	-46,559	-28,451	-26,550	-6,602	-13,113	-6,525	-22,823	-4,112	-6,445	0	-4,371	0	-3,049	-116,209
Profit After Tax	139,677	121,292	113,185	28,147	55,902	27,817	97,298	16,448	25,781	-14,702	14,632	-8,947	8,679	298,824
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	139,677	121,292	113,185	28,147	55,902	27,817	97,298	16,448	25,781	-14,702	14,632	-8,947	8,679	298,824
Employee Costs	404,662	424,092	402,280	400,458	430,864	454,740	335,704	332,344	293,722	221,203	217,979	187,814	275,081	233,631
Number Of Employees	10	11	11	11	12	13	10	10	9	7	7	6	9	8
EBITDA*	205,122	165,028	159,589	56,479	93,776	48,479	135,810	45,242	52,093	5,009	39,003	11,111	35,941	439,754

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	501,557	294,681	259,021	277,650	299,560	260,522	254,198	266,701	273,099	285,938	296,814	308,837	322,649	336,647
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	501,558	294,682	259,022	277,651	299,561	260,523	254,199	266,702	273,100	285,939	296,815	308,838	322,650	336,648
Stock & work in progress	52,000	46,000	53,000	54,000	51,000	53,000	39,000	47,000	43,000	41,000	37,500	36,213	37,500	33,700
Trade Debtors	239,587	261,296	301,170	253,589	279,122	294,228	265,196	294,265	248,301	167,235	182,021	149,625	249,817	176,613
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,963	17,242	2,214	4,409	10,510	4,423	7,171	8,680	0	0	0	0	0	0
Cash	358,030	454,095	408,764	188,010	172,733	168,665	163,171	109,078	80,447	98,190	84,527	79,808	81,911	74,525
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	651,580	778,633	765,148	500,008	513,365	520,316	474,538	459,023	371,748	306,425	304,048	265,646	369,228	284,838
total assets	1,153,138	1,073,315	1,024,170	777,659	812,926	780,839	728,737	725,725	644,848	592,364	600,863	574,484	691,878	621,486
Bank overdraft	0	0	0	0	0	0	0	17,300	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	94,122	77,082	160,549	114,440	175,352	220,131	174,012	231,699	271,593	224,485	197,172	167,693	257,055	176,748
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	112,090	138,714	141,441	101,877	101,427	89,115	113,242	106,736	0	0	0	0	0	0
total current liabilities	206,212	215,796	301,990	216,317	276,779	309,246	287,254	355,735	271,593	224,485	197,172	167,693	257,055	176,748
loans	0	47,638	50,000	0	0	0	0	24,806	0	0	13,530	32,044	50,165	84,765
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	16,409	0	0	0	0	0	0	44,519	63,825	69,200	69,200	69,200	52,352
provisions	22,891	9,114	9,114	11,461	14,413	5,761	3,468	4,467	4,467	5,566	7,771	6,989	7,953	8,795
total long term liabilities	22,891	73,161	59,114	11,461	14,413	5,761	3,468	29,273	48,986	69,391	90,501	108,233	127,318	145,912
total liabilities	229,103	288,957	361,104	227,778	291,192	315,007	290,722	385,008	320,579	293,876	287,673	275,926	384,373	322,660
net assets	924,035	784,358	663,066	549,881	521,734	465,832	438,015	340,717	324,269	298,488	313,190	298,558	307,505	298,826
total shareholders funds	924,035	784,358	663,066	549,881	521,734	465,832	438,015	340,717	324,269	298,488	313,190	298,558	307,505	298,826

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	170,464	148,846	140,961	34,569	67,735	33,512	121,096	21,455	31,780	-14,719	20,073	-6,680	15,723	417,602
Depreciation	34,658	16,182	18,628	21,910	26,041	14,967	14,714	23,787	20,313	19,728	18,930	17,790	20,218	22,152
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-46,559	-28,451	-26,550	-6,602	-13,113	-6,525	-22,823	-4,112	-6,445	0	-4,371	0	-3,049	-116,209
Stock	6,000	-7,000	-1,000	3,000	-2,000	14,000	-8,000	4,000	2,000	3,500	1,287	-1,287	3,800	33,700
Debtors	-36,988	-24,846	45,386	-31,634	-9,019	26,284	-30,578	54,644	81,066	-14,786	32,396	-100,192	73,204	176,613
Creditors	17,040	-83,467	46,109	-60,912	-44,779	46,119	-57,687	-39,894	47,108	27,313	29,479	-89,362	80,307	176,748
Accruals and Deferred Income	-26,624	-2,727	39,564	450	12,312	-24,127	6,506	106,736	0	0	0	0	0	0
Deferred Taxes & Provisions	13,777	0	-2,347	-2,952	8,652	2,293	-999	0	-1,099	-2,205	782	-964	-842	8,795
Cash flow from operations	193,744	82,229	171,979	15,097	67,867	25,955	99,385	49,328	8,591	41,403	31,210	22,263	35,353	298,775
Investing Activities
capital expenditure	-241,534	-51,842	1	0	-65,079	-21,291	-2,211	-17,389	-7,474	-8,852	-6,907	-3,978	-6,220	-358,799
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	1
cash flow from investments	-241,534	-51,842	1	0	-65,079	-21,291	-2,211	-17,389	-7,474	-8,852	-6,907	-3,978	-6,220	-358,800
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	-47,638	-2,362	50,000	0	0	0	-24,806	24,806	0	-13,530	-18,514	-18,121	-34,600	84,765
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-16,409	16,409	0	0	0	0	0	-44,519	-19,306	-5,375	0	0	16,848	52,352
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	15,772	897	-1,227	180	1,280	830	-976	-894	447	17	-1,070	-2,268	-3,994	-2,569
cash flow from financing	-48,275	14,944	48,773	180	1,280	830	-25,782	-20,607	-18,859	-18,888	-19,584	-20,389	-21,746	134,550
cash and cash equivalents
cash	-96,065	45,331	220,754	15,277	4,068	5,494	54,093	28,631	-17,743	13,663	4,719	-2,103	7,386	74,525
overdraft	0	0	0	0	0	0	-17,300	17,300	0	0	0	0	0	0
change in cash	-96,065	45,331	220,754	15,277	4,068	5,494	71,393	11,331	-17,743	13,663	4,719	-2,103	7,386	74,525

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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W.E.C. (LEEDS) LTD group structure

W.E.C. (Leeds) Ltd has no subsidiary companies.

Ultimate parent company

W.E.C. (LEEDS) LTD

03674162

W.E.C. (LEEDS) LTD Shareholders

lyndsey jane felton	50%
glenn felton	50%

W.E.C. (Leeds) Ltd currently has 1 director, Mr Glenn Felton serving since Nov 1998.

officer	country	age	start	end	role
Mr Glenn Felton		67 years	Nov 1998	-	Director

P&L

May 2023

turnover

1.1m

-2%

operating profit

170.5k

gross margin

29.2%

-2.92%

turnover

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

Balance Sheet

May 2023

net assets

924k

+0.18%

total assets

1.2m

+0.07%

cash

358k

-0.21%

net assets

Total assets minus all liabilities

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company number

03674162

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

November 1998

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 5 graphite way, rossington, park, hadfield, derbyshire, sk131qg, SK13 1QG

last accounts submitted

May 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 2 charges/mortgages relating to w.e.c. (leeds) ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

w.e.c. (leeds) ltd Company Information

w.e.c. (leeds) ltd Estimated Valuation

w.e.c. (leeds) ltd Estimated Valuation

w.e.c. (leeds) ltd Estimated Valuation

W.e.c. (leeds) Ltd Overview

W.e.c. (leeds) Ltd Health Check

W.E.C. (LEEDS) LTD financials

w.e.c. (leeds) ltd Credit Report and Business Information

W.e.c. (leeds) Ltd Competitor Analysis

w.e.c. (leeds) ltd Ownership

w.e.c. (leeds) ltd directors

w.e.c. (leeds) ltd company details

w.e.c. (leeds) ltd Charges & Mortgages

w.e.c. (leeds) ltd Companies House Filings - See Documents