westfield specialty management services, ltd
westfield specialty management services, ltd Company Information
Company Number
03795969
Next Accounts
Sep 2025
Shareholders
westfield specialty ltd
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
floor 36 22 bishopsgate, london, EC2N 4BQ
Website
www.argo-int.comwestfield specialty management services, ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTFIELD SPECIALTY MANAGEMENT SERVICES, LTD at £161.3m based on a Turnover of £66m and 2.44x industry multiple (adjusted for size and gross margin).
westfield specialty management services, ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTFIELD SPECIALTY MANAGEMENT SERVICES, LTD at £0 based on an EBITDA of £-2m and a 10.21x industry multiple (adjusted for size and gross margin).
westfield specialty management services, ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTFIELD SPECIALTY MANAGEMENT SERVICES, LTD at £27.4k based on Net Assets of £21k and 1.31x industry multiple (adjusted for liquidity).
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Westfield Specialty Management Services, Ltd Overview
Westfield Specialty Management Services, Ltd is a live company located in london, EC2N 4BQ with a Companies House number of 03795969. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 1999, it's largest shareholder is westfield specialty ltd with a 100% stake. Westfield Specialty Management Services, Ltd is a mature, large sized company, Pomanda has estimated its turnover at £66m with declining growth in recent years.
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Westfield Specialty Management Services, Ltd Health Check
Pomanda's financial health check has awarded Westfield Specialty Management Services, Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £66m, make it larger than the average company (£18.9m)
£66m - Westfield Specialty Management Services, Ltd
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (10.5%)
-4% - Westfield Specialty Management Services, Ltd
10.5% - Industry AVG
Production
with a gross margin of 36.3%, this company has a comparable cost of product (36.3%)
36.3% - Westfield Specialty Management Services, Ltd
36.3% - Industry AVG
Profitability
an operating margin of -4.9% make it less profitable than the average company (4.5%)
-4.9% - Westfield Specialty Management Services, Ltd
4.5% - Industry AVG
Employees
with 184 employees, this is above the industry average (104)
184 - Westfield Specialty Management Services, Ltd
104 - Industry AVG
Pay Structure
on an average salary of £232.5k, the company has a higher pay structure (£44.7k)
£232.5k - Westfield Specialty Management Services, Ltd
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £358.8k, this is more efficient (£191k)
£358.8k - Westfield Specialty Management Services, Ltd
£191k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Westfield Specialty Management Services, Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (44 days)
28 days - Westfield Specialty Management Services, Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Westfield Specialty Management Services, Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Westfield Specialty Management Services, Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (69.6%)
99.9% - Westfield Specialty Management Services, Ltd
69.6% - Industry AVG
WESTFIELD SPECIALTY MANAGEMENT SERVICES, LTD financials
Westfield Specialty Management Services, Ltd's latest turnover from December 2023 is £66 million and the company has net assets of £21 thousand. According to their latest financial statements, Westfield Specialty Management Services, Ltd has 184 employees and maintains cash reserves of £2.1 million 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 | 66,015,000 | 60,643,000 | 88,758,000 | 75,639,000 | 76,862,000 | 64,335,000 | 53,565,000 | 45,402,000 | 45,718,000 | 40,215,000 | 37,872,000 | 31,772,000 | 31,077,000 | 23,599,000 | 25,702,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -3,955,000 | -119,000 | -9,000 | -2,000 | 1,725,000 | ||||||||||
| Tax | 913,000 | 1,956,000 | -387,000 | 502,000 | 210,000 | 360,000 | 351,000 | 131,000 | -5,000 | -52,000 | 35,000 | 81,000 | -5,000 | -356,000 | |
| Profit After Tax | -3,042,000 | 1,837,000 | -387,000 | 502,000 | 210,000 | 351,000 | 351,000 | 131,000 | -5,000 | -52,000 | 35,000 | 81,000 | -7,000 | 1,369,000 | |
| Dividends Paid | |||||||||||||||
| Retained Profit | -3,042,000 | 1,837,000 | -387,000 | 502,000 | 210,000 | 351,000 | 351,000 | 131,000 | -5,000 | -52,000 | 35,000 | 81,000 | -7,000 | 1,369,000 | |
| Employee Costs | 42,784,000 | 40,540,000 | 46,988,000 | 36,361,000 | 35,176,000 | 31,823,000 | 29,457,000 | 26,642,000 | 28,616,000 | 25,845,000 | 23,112,000 | 18,212,000 | 15,749,000 | 13,602,000 | 14,717,000 |
| Number Of Employees | 184 | 203 | 209 | 256 | 215 | 201 | 201 | 180 | 168 | 158 | 138 | 131 | 124 | 117 | 117 |
| EBITDA* |
* 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 | 660,000 | 24,000 | 30,000 | 8,218,000 | 8,747,000 | 9,124,000 | 510,000 | 693,000 | 779,000 | 748,000 | 3,887,000 | 3,955,000 | 3,088,000 | 2,547,000 | 568,000 |
| Intangible Assets | 7,787,000 | 3,011,000 | 3,497,000 | 3,653,000 | 3,066,000 | 2,406,000 | 2,912,000 | 2,850,000 | 2,475,000 | 3,049,000 | |||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 3,370,000 | 3,459,000 | 1,819,000 | 242,000 | 38,000 | 319,000 | 560,000 | 1,059,000 | 120,000 | 196,000 | |||||
| Total Fixed Assets | 11,817,000 | 6,494,000 | 5,346,000 | 12,113,000 | 11,813,000 | 11,568,000 | 3,741,000 | 4,103,000 | 4,313,000 | 3,797,000 | 3,887,000 | 3,955,000 | 3,088,000 | 2,667,000 | 764,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 12,129,000 | 4,647,000 | 21,482,000 | 32,070,000 | 46,611,000 | 26,710,000 | 16,196,000 | 11,991,000 | 9,108,000 | 9,433,000 | 11,943,000 | 4,311,000 | 1,726,000 | 508,000 | 2,479,000 |
| Misc Debtors | 5,965,000 | 3,041,000 | 1,965,000 | 2,892,000 | 2,167,000 | 3,409,000 | 2,215,000 | 1,754,000 | 2,102,000 | 1,477,000 | 879,000 | 1,206,000 | 1,067,000 | 941,000 | 623,000 |
| Cash | 2,140,000 | 5,984,000 | 8,797,000 | 2,559,000 | 1,300,000 | 402,000 | 1,054,000 | 871,000 | 2,054,000 | 2,372,000 | 941,000 | 2,173,000 | 1,466,000 | 823,000 | 2,062,000 |
| misc current assets | |||||||||||||||
| total current assets | 20,234,000 | 13,672,000 | 32,244,000 | 37,521,000 | 50,078,000 | 30,521,000 | 19,465,000 | 14,616,000 | 13,264,000 | 13,282,000 | 13,763,000 | 7,690,000 | 4,259,000 | 2,272,000 | 5,164,000 |
| total assets | 32,051,000 | 20,166,000 | 37,590,000 | 49,634,000 | 61,891,000 | 42,089,000 | 23,206,000 | 18,719,000 | 17,577,000 | 17,079,000 | 17,650,000 | 11,645,000 | 7,347,000 | 4,939,000 | 5,928,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 3,278,000 | 301,000 | 526,000 | 1,781,000 | 1,286,000 | 252,000 | 202,000 | 133,000 | 1,122,000 | 616,000 | 197,000 | 402,000 | 252,000 | 69,000 | 147,000 |
| Group/Directors Accounts | 6,073,000 | 3,602,000 | 14,651,000 | 31,767,000 | 44,200,000 | 28,240,000 | 11,765,000 | 4,956,000 | 462,000 | 1,841,000 | 5,485,000 | 4,279,000 | 2,810,000 | 2,802,000 | 1,012,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 22,679,000 | 13,200,000 | 21,187,000 | 14,473,000 | 15,294,000 | 12,696,000 | 10,689,000 | 13,431,000 | 15,794,000 | 14,554,000 | 11,895,000 | 6,839,000 | 4,195,000 | 2,059,000 | 4,753,000 |
| total current liabilities | 32,030,000 | 17,103,000 | 36,364,000 | 48,021,000 | 60,780,000 | 41,188,000 | 22,656,000 | 18,520,000 | 17,378,000 | 17,011,000 | 17,577,000 | 11,520,000 | 7,257,000 | 4,930,000 | 5,912,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 32,030,000 | 17,103,000 | 36,364,000 | 48,021,000 | 60,780,000 | 41,188,000 | 22,656,000 | 18,520,000 | 17,378,000 | 17,011,000 | 17,577,000 | 11,520,000 | 7,257,000 | 4,930,000 | 5,912,000 |
| net assets | 21,000 | 3,063,000 | 1,226,000 | 1,613,000 | 1,111,000 | 901,000 | 550,000 | 199,000 | 199,000 | 68,000 | 73,000 | 125,000 | 90,000 | 9,000 | 16,000 |
| total shareholders funds | 21,000 | 3,063,000 | 1,226,000 | 1,613,000 | 1,111,000 | 901,000 | 550,000 | 199,000 | 199,000 | 68,000 | 73,000 | 125,000 | 90,000 | 9,000 | 16,000 |
| 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 | |||||||||||||||
| Depreciation | 6,000 | 6,000 | 658,000 | 664,000 | 645,000 | 263,000 | 194,000 | 813,000 | 594,000 | 541,000 | 196,000 | 113,000 | |||
| Amortisation | 1,280,000 | 1,108,000 | 1,126,000 | 645,000 | 873,000 | 992,000 | 817,000 | ||||||||
| Tax | 913,000 | 1,956,000 | -387,000 | 502,000 | 210,000 | 360,000 | 351,000 | 131,000 | -5,000 | -52,000 | 35,000 | 81,000 | -5,000 | -356,000 | |
| Stock | |||||||||||||||
| Debtors | 10,317,000 | -14,119,000 | -9,938,000 | -13,574,000 | 18,621,000 | 11,427,000 | 4,425,000 | 2,036,000 | 1,359,000 | -1,912,000 | 7,305,000 | 2,724,000 | 1,224,000 | -1,729,000 | 3,298,000 |
| Creditors | 2,977,000 | -225,000 | -1,255,000 | 495,000 | 1,034,000 | 50,000 | 69,000 | -989,000 | 506,000 | 419,000 | -205,000 | 150,000 | 183,000 | -78,000 | 147,000 |
| Accruals and Deferred Income | 9,479,000 | -7,987,000 | 6,714,000 | -821,000 | 2,598,000 | 2,007,000 | -2,742,000 | -2,363,000 | 1,240,000 | 2,659,000 | 5,056,000 | 2,644,000 | 2,136,000 | -2,694,000 | 4,753,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 2,471,000 | -11,049,000 | -17,116,000 | -12,433,000 | 15,960,000 | 16,475,000 | 6,809,000 | 4,494,000 | -1,379,000 | -3,644,000 | 1,206,000 | 1,469,000 | 8,000 | 1,790,000 | 1,012,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 2,471,000 | -11,049,000 | -17,116,000 | -12,433,000 | 15,960,000 | 16,475,000 | 6,809,000 | 4,494,000 | -1,379,000 | -3,644,000 | 1,206,000 | 1,469,000 | 8,000 | 1,790,000 | -341,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -3,844,000 | -2,813,000 | 6,238,000 | 1,259,000 | 898,000 | -652,000 | 183,000 | -1,183,000 | -318,000 | 1,431,000 | -1,232,000 | 707,000 | 643,000 | -1,239,000 | 2,062,000 |
| overdraft | |||||||||||||||
| change in cash | -3,844,000 | -2,813,000 | 6,238,000 | 1,259,000 | 898,000 | -652,000 | 183,000 | -1,183,000 | -318,000 | 1,431,000 | -1,232,000 | 707,000 | 643,000 | -1,239,000 | 2,062,000 |
westfield specialty management services, ltd Credit Report and Business Information
Westfield Specialty Management Services, Ltd Competitor Analysis
Perform a competitor analysis for westfield specialty management services, ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2N area or any other competitors across 12 key performance metrics.
westfield specialty management services, ltd Ownership
WESTFIELD SPECIALTY MANAGEMENT SERVICES, LTD group structure
Westfield Specialty Management Services, Ltd has no subsidiary companies.
Ultimate parent company
OHIO FARMERS INSURANCE CO
#0152450
2 parents
WESTFIELD SPECIALTY MANAGEMENT SERVICES, LTD
03795969
westfield specialty management services, ltd directors
Westfield Specialty Management Services, Ltd currently has 2 directors. The longest serving directors include Mr Darren Argyle (May 2012) and Mr Graham Evans (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Argyle | England | 51 years | May 2012 | - | Director |
| Mr Graham Evans | England | 57 years | Apr 2024 | - | Director |
P&L
December 2023turnover
66m
+9%
operating profit
-3.3m
0%
gross margin
36.4%
+0.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
21k
-0.99%
total assets
32.1m
+0.59%
cash
2.1m
-0.64%
net assets
Total assets minus all liabilities
westfield specialty management services, ltd company details
company number
03795969
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
June 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
argo management services limited (February 2023)
argo management services limited (October 2009)
See moreaccountant
-
auditor
KPMG LLP
address
floor 36 22 bishopsgate, london, EC2N 4BQ
Bank
BARCLAYS BANK PLC
Legal Advisor
SIDLEY AUSTIN LLP
westfield specialty management services, 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 did not find charges/mortgages relating to westfield specialty management services, ltd.
westfield specialty management services, 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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westfield specialty management services, ltd Companies House Filings - See Documents
| date | description | view/download |
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