woking v.e. limited

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woking v.e. limited Company Information

Share WOKING V.E. LIMITED

Company Number

03748388

Shareholders

abbeyfield ve ltd

brian henton

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Group Structure

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Industry

Other personal service activities n.e.c.

 

Registered Address

mere way, ruddington fields business park, nottingham, nottinghamshire, NG11 6NZ

woking v.e. limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of WOKING V.E. LIMITED at £2.1m based on a Turnover of £2.1m and 0.97x industry multiple (adjusted for size and gross margin).

woking v.e. limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of WOKING V.E. LIMITED at £2.4m based on an EBITDA of £381k and a 6.4x industry multiple (adjusted for size and gross margin).

woking v.e. limited Estimated Valuation

£429.7k

Pomanda estimates the enterprise value of WOKING V.E. LIMITED at £429.7k based on Net Assets of £219k and 1.96x industry multiple (adjusted for liquidity).

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Woking V.e. Limited Overview

Woking V.e. Limited is a live company located in nottingham, NG11 6NZ with a Companies House number of 03748388. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 1999, it's largest shareholder is abbeyfield ve ltd with a 50% stake. Woking V.e. Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with high growth in recent years.

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Woking V.e. Limited Health Check

Pomanda's financial health check has awarded Woking V.E. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £2.1m, make it larger than the average company (£1.2m)

£2.1m - Woking V.e. Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.9%)

17% - Woking V.e. Limited

7.9% - Industry AVG

production

Production

with a gross margin of 71.4%, this company has a lower cost of product (41.8%)

71.4% - Woking V.e. Limited

41.8% - Industry AVG

profitability

Profitability

an operating margin of 16% make it more profitable than the average company (6.4%)

16% - Woking V.e. Limited

6.4% - Industry AVG

employees

Employees

with 18 employees, this is similar to the industry average (15)

18 - Woking V.e. Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.1k, the company has an equivalent pay structure (£34.5k)

£33.1k - Woking V.e. Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £118.9k, this is equally as efficient (£104.6k)

£118.9k - Woking V.e. Limited

£104.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is near the average (31 days)

32 days - Woking V.e. Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 100 days, this is slower than average (40 days)

100 days - Woking V.e. Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 33 days, this is in line with average (40 days)

33 days - Woking V.e. Limited

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (38 weeks)

1 weeks - Woking V.e. Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 60.1%, this is a higher level of debt than the average (48%)

60.1% - Woking V.e. Limited

48% - Industry AVG

WOKING V.E. LIMITED financials

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Woking V.E. Limited's latest turnover from December 2023 is £2.1 million and the company has net assets of £219 thousand. According to their latest financial statements, Woking V.E. Limited has 18 employees and maintains cash reserves of £12 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,140,0001,878,0001,729,0001,336,0001,733,0001,751,0001,725,0001,653,0001,578,0001,400,0001,055,000997,0001,005,000951,0001,086,000
Other Income Or Grants
Cost Of Sales612,000547,000458,000401,000494,000455,000444,000434,000418,000376,000282,000272,000274,000254,000267,000
Gross Profit1,528,0001,331,0001,271,000935,0001,239,0001,296,0001,281,0001,219,0001,160,0001,024,000773,000725,000731,000697,000819,000
Admin Expenses1,185,0001,026,000931,000682,0001,004,0001,033,0001,020,000921,000888,000881,000652,000683,000666,000653,000678,000
Operating Profit343,000305,000340,000253,000235,000263,000261,000298,000272,000143,000121,00042,00065,00044,000141,000
Interest Payable1,0001,0002,0001,0002,0006,0001,000
Interest Receivable15,0002,0002,0001,0001,0001,0001,0004,0001,000
Pre-Tax Profit358,000307,000340,000253,000236,000264,000262,000298,000270,000142,000120,00042,00069,00038,000141,000
Tax-76,000-57,000-63,000-48,000-46,000-48,000-47,000-69,000-53,000-31,000-28,000-10,000-22,000-10,000-40,000
Profit After Tax282,000250,000277,000205,000190,000216,000215,000229,000217,000111,00092,00032,00047,00028,000101,000
Dividends Paid230,000230,000250,000195,000210,000230,000220,000195,000210,00085,000130,00010,00020,00050,000130,000
Retained Profit52,00020,00027,00010,000-20,000-14,000-5,00034,0007,00026,000-38,00022,00027,000-22,000-29,000
Employee Costs595,000486,000431,000394,000484,000480,000467,000406,000390,000367,000267,000303,000285,000255,000264,000
Number Of Employees18191717142122211211910101111
EBITDA*381,000348,000387,000298,000276,000310,000304,000341,000314,000182,000130,00049,00074,00055,000161,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets71,00091,000157,000171,000179,000199,000210,000219,000264,000294,00044,00025,00026,00032,00042,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)72,0001,0001,0001,000
Total Fixed Assets143,00092,000157,000171,000179,000199,000210,000220,000265,000294,00044,00025,00026,00032,00042,000
Stock & work in progress57,00054,00047,00044,00050,00044,00035,00053,00054,00056,00047,00037,00051,00047,00049,000
Trade Debtors192,00055,000136,000101,00063,00051,00056,00058,00028,00021,00014,0009,00014,0006,00012,000
Group Debtors103,000237,000232,000111,000117,000136,00081,00080,00028,00023,00056,00073,00085,00061,00089,000
Misc Debtors42,00027,00053,00031,00050,00041,00044,00043,00026,00033,00046,00050,00044,00056,00049,000
Cash12,00012,0002,0003,0005,0006,00012,00010,0002,000
misc current assets
total current assets406,000385,000470,000290,000285,000278,000228,000244,000138,000133,000163,000169,000194,000170,000199,000
total assets549,000477,000627,000461,000464,000477,000438,000464,000403,000427,000207,000194,000220,000202,000241,000
Bank overdraft
Bank loan
Trade Creditors 169,000113,000273,000166,000120,000128,00098,00064,00071,00047,00042,00038,00062,00056,00035,000
Group/Directors Accounts16,00028,00022,00026,00038,00026,00010,00013,00011,00011,0007,0007,00017,00015,0008,000
other short term finances
hp & lease commitments4,0007,00013,0008,0004,000
other current liabilities142,000167,000160,000114,000138,000109,000111,000140,00088,000116,00053,00029,00043,00034,00055,000
total current liabilities327,000308,000455,000306,000296,000263,000219,000221,000177,000187,000110,00074,000122,000105,000102,000
loans4,00012,00024,000
hp & lease commitments4,00015,00015,000
Accruals and Deferred Income3,0002,00025,00031,00046,00060,00075,00094,000107,000116,000
other liabilities
provisions1,00026,00046,000
total long term liabilities3,0002,00025,00035,00058,00084,00075,00094,000111,000132,00015,00026,00046,000
total liabilities330,000310,000480,000341,000354,000347,000294,000315,000288,000319,000125,00074,000122,000131,000148,000
net assets219,000167,000147,000120,000110,000130,000144,000149,000115,000108,00082,000120,00098,00071,00093,000
total shareholders funds219,000167,000147,000120,000110,000130,000144,000149,000115,000108,00082,000120,00098,00071,00093,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit343,000305,000340,000253,000235,000263,000261,000298,000272,000143,000121,00042,00065,00044,000141,000
Depreciation38,00043,00047,00045,00041,00047,00043,00043,00042,00033,0009,0007,0009,00011,00020,000
Amortisation6,000
Tax-76,000-57,000-63,000-48,000-46,000-48,000-47,000-69,000-53,000-31,000-28,000-10,000-22,000-10,000-40,000
Stock3,0007,0003,000-6,0006,0009,000-18,000-1,000-2,0009,00010,000-14,0004,000-2,00049,000
Debtors89,000-101,000178,00013,0002,00047,000-1,00099,0006,000-39,000-16,000-11,00020,000-27,000150,000
Creditors56,000-160,000107,00046,000-8,00030,00034,000-7,00024,0005,0004,000-24,0006,00021,00035,000
Accruals and Deferred Income-24,000-16,00040,000-39,00015,000-17,000-48,00039,000-37,000179,00024,000-14,0009,000-21,00055,000
Deferred Taxes & Provisions-1,0001,000-26,000-20,00046,000
Cash flow from operations245,000209,000290,000250,000229,000219,000262,000206,000243,000366,000136,00026,00017,00054,00058,000
Investing Activities
capital expenditure-18,00023,000-33,000-37,000-21,000-36,000-34,0002,000-12,000-300,000-23,000-6,000-3,000-1,000-4,000
Change in Investments
cash flow from investments-18,00023,000-33,000-37,000-21,000-36,000-34,0002,000-12,000-300,000-23,000-6,000-3,000-1,000-4,000
Financing Activities
Bank loans
Group/Directors Accounts-12,0006,000-4,000-12,00012,00016,000-3,0002,0004,000-10,0002,0007,0008,000
Other Short Term Loans
Long term loans-4,000-8,000-12,00024,000
Hire Purchase and Lease Commitments-4,000-7,000-17,0005,00023,000-4,0004,000
other long term liabilities
share issue122,000
interest15,0002,0001,0001,0001,000-2,000-1,000-1,0004,000-6,000
cash flow from financing3,0008,000-8,000-20,0001,00041,000-6,000-5,000-19,0008,00022,000-10,0006,000-3,000134,000
cash and cash equivalents
cash10,000-1,000-2,000-1,000-6,0002,0008,0002,000
overdraft
change in cash10,000-1,000-2,000-1,000-6,0002,0008,0002,000

woking v.e. limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Woking V.e. Limited Competitor Analysis

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Perform a competitor analysis for woking v.e. limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in NG11 area or any other competitors across 12 key performance metrics.

woking v.e. limited Ownership

WOKING V.E. LIMITED group structure

Woking V.E. Limited has no subsidiary companies.

Ultimate parent company

HAL TRUST.

#0083580

2 parents

WOKING V.E. LIMITED

03748388

WOKING V.E. LIMITED Shareholders

abbeyfield ve ltd 50%
brian henton 25%
david kam hung lam 25%

woking v.e. limited directors

Woking V.E. Limited currently has 2 directors. The longest serving directors include Mr Philip Hyde (Apr 2023) and Mr Daniel McGhee (Apr 2023).

officercountryagestartendrole
Mr Philip Hyde59 years Apr 2023- Director
Mr Daniel McGhee39 years Apr 2023- Director

P&L

December 2023

turnover

2.1m

+14%

operating profit

343k

+12%

gross margin

71.5%

+0.75%

turnover

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

Balance Sheet

December 2023

net assets

219k

+0.31%

total assets

549k

+0.15%

cash

12k

0%

net assets

Total assets minus all liabilities

woking v.e. limited company details

company number

03748388

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

April 1999

age

26

incorporated

UK

ultimate parent company

HAL TRUST.

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

UHY HACKER YOUNG

address

mere way, ruddington fields business park, nottingham, nottinghamshire, NG11 6NZ

Bank

HSBC BANK PLC

Legal Advisor

KNIGHTS PLC

woking v.e. limited 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 did not find charges/mortgages relating to woking v.e. limited.

woking v.e. limited 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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woking v.e. limited Companies House Filings - See Documents

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