Wessington Group Limited

POWER SEARCH PRICING

SOLUTIONS

wessington group limited Company Information

Live

MatureMidHealthy

Company Number

03741435

Website

www.wessingtongroup.com

Registered Address

4 comet house calleva park, aldermaston, berkshire, RG7 8JA

Industry

Wholesale of chemical products

Telephone

01189573300

Next Accounts Due

September 2024

Group Structure

View All

Directors

Joseph Norman25 Years

Peter Norman21 Years

Shareholders

joseph james norman 51%

peter harry norman 49%

wessington group limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of WESSINGTON GROUP LIMITED at £6.1m based on a Turnover of £13.5m and 0.45x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Wessington Group Limited is a live company located in berkshire, RG7 8JA with a Companies House number of 03741435. It operates in the wholesale of chemical products sector, SIC Code 46750. Founded in March 1999, it's largest shareholder is joseph james norman with a 51% stake. Wessington Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.5m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Wessington Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £13.5m, make it smaller than the average company (£21.1m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.4%)

EXPORT

Wessington Group Limited's latest turnover from December 2022 is estimated at £13.5 million and the company has net assets of £1.5 million. According to their latest financial statements, Wessington Group Limited has 7 employees and maintains cash reserves of £153.4 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	13,532,698	11,058,841	8,113,615	9,038,669	8,316,089	6,017,834	5,714,919	6,089,405	7,365,840	5,675,157	7,315,805	6,122,327	4,935,333	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,903,678	8,930,162	6,593,013	7,331,741	6,824,289	4,955,400	4,600,022	4,926,963	6,001,312	4,642,079	6,014,078	5,006,581	4,022,541	0
Gross Profit	2,629,020	2,128,678	1,520,602	1,706,928	1,491,800	1,062,434	1,114,897	1,162,441	1,364,528	1,033,078	1,301,727	1,115,746	912,792	0
Admin Expenses	2,141,594	2,085,857	1,443,101	1,503,229	1,291,762	1,021,419	999,285	1,040,972	1,235,899	1,025,272	1,314,535	1,044,924	761,772	-438,128
Operating Profit	487,426	42,821	77,501	203,699	200,038	41,015	115,612	121,469	128,629	7,806	-12,808	70,822	151,020	438,128
Interest Payable	46,394	13,513	7,337	3,649	16,868	21,746	20,456	15,771	0	0	0	0	0	0
Interest Receivable	7,432	793	309	2,123	4,135	2,900	1,294	2,479	1,417	1,149	1,357	1,476	1,188	526
Pre-Tax Profit	448,464	30,100	70,473	202,173	187,305	22,169	96,450	108,178	130,046	8,955	-11,451	72,297	152,208	438,654
Tax	-85,208	-5,719	-13,390	-38,413	-35,588	-4,212	-19,290	-21,635	-27,310	-2,060	0	-18,797	-42,618	-122,823
Profit After Tax	363,256	24,381	57,083	163,760	151,717	17,957	77,160	86,542	102,736	6,895	-11,451	53,500	109,590	315,831
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	363,256	24,381	57,083	163,760	151,717	17,957	77,160	86,542	102,736	6,895	-11,451	53,500	109,590	315,831
Employee Costs	444,229	393,971	391,041	392,156	381,166	361,500	358,960	551,010	581,569	374,116	515,152	516,055	464,445	0
Number Of Employees	7	7	7	7	7	7	7	11	12	8	11	11	10	0
EBITDA*	487,426	42,821	77,501	203,699	202,021	42,998	117,815	123,668	128,845	8,022	-12,579	71,674	151,873	439,508

* 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	499	0	0	0	0	1,983	3,966	6,169	435	651	867	1,096	1,948	2,801
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	30,769	30,769	30,769	30,769	30,769	30,769	30,769	30,769	30,769	30,769	30,769	30,769	30,769	30,769
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	31,268	30,769	30,769	30,769	30,769	32,752	34,735	36,938	31,204	31,420	31,636	31,865	32,717	33,570
Stock & work in progress	1,206,396	1,350,150	1,101,001	1,238,287	790,987	1,002,468	886,927	804,079	771,192	676,595	635,018	853,097	704,648	612,873
Trade Debtors	3,174,928	2,046,289	1,331,088	1,412,797	1,636,439	821,502	925,398	761,915	1,004,783	716,318	966,288	587,914	559,634	788,093
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	217,208	69,357	86,770	82,665	44,463	0	8,629	172,992	0	0	0	0	0	0
Cash	153,440	271,248	362,901	255,065	310,977	791,753	368,113	667,150	324,586	242,175	217,377	325,278	264,934	210,370
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,751,972	3,737,044	2,881,760	2,988,814	2,782,866	2,615,723	2,189,067	2,406,136	2,100,561	1,635,088	1,818,683	1,766,289	1,529,216	1,611,336
total assets	4,783,240	3,767,813	2,912,529	3,019,583	2,813,635	2,648,475	2,223,802	2,443,074	2,131,765	1,666,508	1,850,319	1,798,154	1,561,933	1,644,906
Bank overdraft	411,720	35,000	82,429	108,117	0	499,789	169,315	485,264	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,706,889	1,802,341	1,235,982	1,405,996	1,314,517	1,004,814	979,869	966,681	1,289,564	927,043	1,122,749	1,064,133	882,412	1,088,975
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	370,574	99,671	102,698	171,133	328,541	125,012	69,715	62,386	0	0	0	0	0	0
total current liabilities	2,489,183	1,937,012	1,421,109	1,685,246	1,643,058	1,629,615	1,218,899	1,514,331	1,289,564	927,043	1,122,749	1,064,133	882,412	1,088,975
loans	265,000	265,000	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	510,000	410,000	310,000	260,000	260,000	260,000	264,000	265,000	265,000	265,000	260,000	255,000	254,000	240,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	775,000	675,000	360,000	260,000	260,000	260,000	264,000	265,000	265,000	265,000	260,000	255,000	254,000	240,000
total liabilities	3,264,183	2,612,012	1,781,109	1,945,246	1,903,058	1,889,615	1,482,899	1,779,331	1,554,564	1,192,043	1,382,749	1,319,133	1,136,412	1,328,975
net assets	1,519,057	1,155,801	1,131,420	1,074,337	910,577	758,860	740,903	663,743	577,201	474,465	467,570	479,021	425,521	315,931
total shareholders funds	1,519,057	1,155,801	1,131,420	1,074,337	910,577	758,860	740,903	663,743	577,201	474,465	467,570	479,021	425,521	315,931

	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	487,426	42,821	77,501	203,699	200,038	41,015	115,612	121,469	128,629	7,806	-12,808	70,822	151,020	438,128
Depreciation	0	0	0	0	1,983	1,983	2,203	2,199	216	216	229	852	853	1,380
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-85,208	-5,719	-13,390	-38,413	-35,588	-4,212	-19,290	-21,635	-27,310	-2,060	0	-18,797	-42,618	-122,823
Stock	-143,754	249,149	-137,286	447,300	-211,481	115,541	82,848	32,887	94,597	41,577	-218,079	148,449	91,775	612,873
Debtors	1,276,490	697,788	-77,604	-185,440	859,400	-112,525	-880	-69,876	288,465	-249,970	378,374	28,280	-228,459	788,093
Creditors	-95,452	566,359	-170,014	91,479	309,703	24,945	13,188	-322,883	362,521	-195,706	58,616	181,721	-206,563	1,088,975
Accruals and Deferred Income	270,903	-3,027	-68,435	-157,408	203,529	55,297	7,329	62,386	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-555,067	-346,503	40,552	-162,503	31,746	116,012	37,074	-121,475	80,994	18,649	-114,258	57,869	39,376	4,694
Investing Activities
capital expenditure	-499	0	0	0	0	0	0	-7,933	0	0	0	0	0	-4,181
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	30,769
cash flow from investments	-499	0	0	0	0	0	0	-7,933	0	0	0	0	0	-34,950
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	0	215,000	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	100,000	100,000	50,000	0	0	-4,000	-1,000	0	0	5,000	5,000	1,000	14,000	240,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-38,962	-12,720	-7,028	-1,526	-12,733	-18,846	-19,162	-13,292	1,417	1,149	1,357	1,476	1,188	526
cash flow from financing	61,038	302,280	92,972	-1,526	-12,733	-22,846	-20,162	-13,292	1,417	6,149	6,357	2,476	15,188	240,626
cash and cash equivalents
cash	-117,808	-91,653	107,836	-55,912	-480,776	423,640	-299,037	342,564	82,411	24,798	-107,901	60,344	54,564	210,370
overdraft	376,720	-47,429	-25,688	108,117	-499,789	330,474	-315,949	485,264	0	0	0	0	0	0
change in cash	-494,528	-44,224	133,524	-164,029	19,013	93,166	16,912	-142,700	82,411	24,798	-107,901	60,344	54,564	210,370

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for wessington group limited. Get real-time insights into wessington group limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for wessington group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

WESSINGTON GROUP LIMITED group structure

Wessington Group Limited has no subsidiary companies.

Ultimate parent company

WESSINGTON GROUP LIMITED

03741435

WESSINGTON GROUP LIMITED Shareholders

joseph james norman	51%
peter harry norman	49%

Wessington Group Limited currently has 2 directors. The longest serving directors include Mr Joseph Norman (Mar 1999) and Mr Peter Norman (Nov 2002).

officer	country	age	start	end	role
Mr Joseph Norman		85 years	Mar 1999	-	Director
Mr Peter Norman	England	56 years	Nov 2002	-	Director

P&L

December 2022

turnover

13.5m

+22%

operating profit

487.4k

gross margin

19.5%

+0.93%

turnover

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

Balance Sheet

December 2022

net assets

1.5m

+0.31%

total assets

4.8m

+0.27%

cash

153.4k

-0.43%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

delplast company ltd.

biachem limited

complete pool controls limited

mouldlife limited

riverside aromatics limited

company number

03741435

Type

Private limited with Share Capital

industry

46750 - Wholesale of chemical products

incorporation date

March 1999

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

4 comet house calleva park, aldermaston, berkshire, RG7 8JA

last accounts submitted

December 2022

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 1 charges/mortgages relating to wessington group limited. Currently there are 1 open charges and 0 have been satisfied in the past.

wessington group limited Company Information

wessington group limited Estimated Valuation

wessington group limited Estimated Valuation

wessington group limited Estimated Valuation

Wessington Group Limited Overview

Wessington Group Limited Health Check

WESSINGTON GROUP LIMITED financials

wessington group limited Credit Report and Business Information

Wessington Group Limited Competitor Analysis

wessington group limited Ownership

wessington group limited directors

wessington group limited company details

wessington group limited Charges & Mortgages

wessington group limited Companies House Filings - See Documents