westec holding company limited
westec holding company limited Company Information
Company Number
03871242
Website
www.westec.co.ukRegistered Address
200 london road, burgess hill, west sussex, RH15 9RD
Industry
Activities of head offices
Telephone
01444257757
Next Accounts Due
September 2024
Group Structure
View All
Directors
Hubert Ermer5 Years
Shareholders
dr johannes heidenhain gmbh 100%
westec holding company limited Estimated Valuation
Pomanda estimates the enterprise value of WESTEC HOLDING COMPANY LIMITED at £40.5m based on a Turnover of £34.3m and 1.18x industry multiple (adjusted for size and gross margin).
westec holding company limited Estimated Valuation
Pomanda estimates the enterprise value of WESTEC HOLDING COMPANY LIMITED at £51.2m based on an EBITDA of £6.3m and a 8.14x industry multiple (adjusted for size and gross margin).
westec holding company limited Estimated Valuation
Pomanda estimates the enterprise value of WESTEC HOLDING COMPANY LIMITED at £33.5m based on Net Assets of £43.8m and 0.77x industry multiple (adjusted for liquidity).
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Westec Holding Company Limited Overview
Westec Holding Company Limited is a live company located in west sussex, RH15 9RD with a Companies House number of 03871242. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 1999, it's largest shareholder is dr johannes heidenhain gmbh with a 100% stake. Westec Holding Company Limited is a mature, large sized company, Pomanda has estimated its turnover at £34.3m with low growth in recent years.
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Westec Holding Company Limited Health Check
Pomanda's financial health check has awarded Westec Holding Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £34.3m, make it larger than the average company (£20.1m)
£34.3m - Westec Holding Company Limited
£20.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a similar rate (3%)
3% - Westec Holding Company Limited
3% - Industry AVG
Production
with a gross margin of 29.6%, this company has a comparable cost of product (33.2%)
29.6% - Westec Holding Company Limited
33.2% - Industry AVG
Profitability
an operating margin of 12.2% make it more profitable than the average company (6%)
12.2% - Westec Holding Company Limited
6% - Industry AVG
Employees
with 187 employees, this is above the industry average (118)
187 - Westec Holding Company Limited
118 - Industry AVG
Pay Structure
on an average salary of £46.8k, the company has an equivalent pay structure (£45.7k)
£46.8k - Westec Holding Company Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £183.2k, this is equally as efficient (£186.9k)
£183.2k - Westec Holding Company Limited
£186.9k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (47 days)
16 days - Westec Holding Company Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (45 days)
20 days - Westec Holding Company Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (50 days)
75 days - Westec Holding Company Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 165 weeks, this is more cash available to meet short term requirements (15 weeks)
165 weeks - Westec Holding Company Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.4%, this is a lower level of debt than the average (57.3%)
8.4% - Westec Holding Company Limited
57.3% - Industry AVG
WESTEC HOLDING COMPANY LIMITED financials
Westec Holding Company Limited's latest turnover from December 2022 is £34.3 million and the company has net assets of £43.8 million. According to their latest financial statements, Westec Holding Company Limited has 187 employees and maintains cash reserves of £12.9 million 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 | 34,256,808 | 28,009,547 | 23,601,327 | 31,313,907 | 36,523,712 | 34,031,016 | 31,777,329 | 27,566,723 | 28,582,588 | 24,125,367 | 25,356,772 | 26,092,865 | 16,742,680 | 11,302,482 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 24,113,880 | 18,836,943 | 15,917,031 | 22,010,750 | 24,697,350 | 24,038,116 | 20,961,935 | 22,918,158 | 21,362,122 | 19,480,984 | 20,999,463 | 20,027,704 | 13,620,466 | 10,237,784 |
| Gross Profit | 10,142,928 | 9,172,604 | 7,684,296 | 9,303,157 | 11,826,362 | 9,992,900 | 10,815,394 | 4,648,565 | 7,220,466 | 4,644,383 | 4,357,309 | 6,065,161 | 3,122,214 | 1,064,698 |
| Admin Expenses | 5,958,463 | 5,442,083 | 5,101,974 | 7,160,339 | 9,100,455 | 9,052,288 | 8,656,381 | 7,962,407 | 7,307,966 | 3,949,561 | 4,412,032 | 3,882,989 | 3,589,752 | 3,408,762 |
| Operating Profit | 4,184,465 | 3,730,521 | 2,582,322 | 2,142,818 | 2,725,907 | 940,612 | 2,159,013 | -3,313,842 | -87,500 | 694,822 | -54,723 | 2,182,172 | -467,538 | -2,344,064 |
| Interest Payable | 0 | 0 | 0 | 36,370 | 113,410 | 165,104 | 308,820 | 380,813 | 100,947 | 64,213 | 91,055 | 62,571 | 152,968 | 219,734 |
| Interest Receivable | 38,681 | 2,022 | 3,093 | 9,587 | 5,365 | 2,117 | 1,191 | 3,499 | 1,701 | 897 | 6,204 | 5,952 | 7,914 | 13,826 |
| Pre-Tax Profit | 4,223,146 | 3,732,543 | 2,585,415 | 2,116,035 | 2,617,862 | 777,625 | 1,851,384 | -3,691,156 | -186,746 | 631,506 | -139,574 | 2,125,553 | -612,592 | -1,660,972 |
| Tax | -600,610 | -203,853 | -423,388 | -449,536 | -505,595 | -319,206 | -314,938 | -108 | 97,172 | -124,846 | -104,676 | -304,661 | 8,343 | 0 |
| Profit After Tax | 3,622,536 | 3,528,690 | 2,162,027 | 1,666,499 | 2,112,267 | 458,419 | 1,536,446 | -3,691,264 | -89,574 | 506,660 | -244,250 | 1,820,892 | -604,249 | -1,660,972 |
| Dividends Paid | 300,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,322,536 | 1,528,690 | 2,162,027 | 1,666,499 | 2,112,267 | 458,419 | 1,536,446 | -3,691,264 | -89,574 | 506,660 | -244,250 | 1,820,892 | -604,249 | -1,660,972 |
| Employee Costs | 8,757,621 | 8,006,638 | 7,889,636 | 8,789,066 | 9,759,392 | 10,906,514 | 9,951,074 | 10,546,262 | 9,011,303 | 7,331,942 | 7,272,072 | 6,846,781 | 5,257,410 | 5,119,641 |
| Number Of Employees | 187 | 163 | 186 | 217 | 256 | 254 | 250 | 262 | 238 | 211 | 233 | 234 | 183 | 160 |
| EBITDA* | 6,282,911 | 6,329,126 | 5,039,417 | 5,032,773 | 6,818,825 | 5,065,316 | 5,793,911 | 154,656 | 2,159,121 | 1,496,564 | 654,815 | 2,850,769 | 274,048 | -1,426,686 |
* 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 | 18,717,125 | 20,448,897 | 22,648,785 | 24,358,171 | 24,833,544 | 26,665,090 | 26,835,660 | 25,700,672 | 25,273,804 | 7,662,801 | 6,196,949 | 5,831,708 | 5,347,096 | 5,517,300 |
| Intangible Assets | 1 | 1 | 1 | 1 | 548,875 | 2,254,686 | 3,960,498 | 5,666,309 | 7,372,120 | 1,086,505 | 1,270,140 | 1,453,775 | 1,637,410 | 1,821,045 |
| Investments & Other | 376 | 376 | 376 | 376 | 376 | 376 | 376 | 376 | 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 |
| Total Fixed Assets | 18,717,502 | 20,449,274 | 22,649,162 | 24,358,548 | 25,382,795 | 28,920,152 | 30,796,534 | 31,367,357 | 32,645,924 | 8,749,306 | 7,467,089 | 7,285,483 | 6,984,506 | 7,338,345 |
| Stock & work in progress | 4,973,940 | 3,391,060 | 2,914,432 | 4,430,699 | 4,915,457 | 4,081,823 | 3,902,046 | 3,799,233 | 4,142,906 | 3,712,513 | 3,516,742 | 5,644,568 | 3,113,368 | 1,586,695 |
| Trade Debtors | 1,557,112 | 1,259,636 | 1,050,569 | 1,271,173 | 1,492,455 | 1,570,693 | 1,832,633 | 1,393,024 | 1,425,585 | 3,801,968 | 1,872,147 | 2,125,996 | 1,868,167 | 1,370,298 |
| Group Debtors | 7,529,337 | 1,034,236 | 2,409,923 | 2,695,058 | 2,065,803 | 14,441 | 80,933 | 127,994 | 171,453 | 0 | 247,778 | 976,647 | 542,262 | 9,474 |
| Misc Debtors | 2,135,737 | 1,489,316 | 1,330,728 | 880,503 | 2,253,633 | 2,112,477 | 2,295,946 | 2,937,453 | 2,757,853 | 0 | 627,309 | 511,413 | 377,952 | 242,171 |
| Cash | 12,876,899 | 19,017,951 | 13,555,203 | 8,581,547 | 8,335,858 | 9,161,825 | 6,617,092 | 11,686,626 | 7,631,625 | 7,618,329 | 3,613,403 | 3,294,548 | 1,865,886 | 2,174,373 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 29,073,025 | 26,192,199 | 21,260,855 | 17,858,980 | 19,063,206 | 16,941,259 | 14,728,650 | 19,944,330 | 16,129,422 | 15,132,810 | 9,877,379 | 12,553,172 | 7,767,635 | 5,383,011 |
| total assets | 47,790,527 | 46,641,473 | 43,910,017 | 42,217,528 | 44,446,001 | 45,861,411 | 45,525,184 | 51,311,687 | 48,775,346 | 23,882,116 | 17,344,468 | 19,838,655 | 14,752,141 | 12,721,356 |
| Bank overdraft | 0 | 0 | 0 | 0 | 62,791 | 215,503 | 0 | 27,453 | 0 | 0 | 0 | 1,186,848 | 0 | 2,600,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,326,953 | 978,282 | 337,441 | 384,688 | 1,315,324 | 1,386,620 | 879,330 | 1,125,713 | 1,694,416 | 876,570 | 986,997 | 1,770,914 | 692,510 | 411,002 |
| Group/Directors Accounts | 977,542 | 972,838 | 530,564 | 648,317 | 3,251,789 | 6,065,160 | 12,681,896 | 23,873,954 | 12,985,956 | 648,024 | 2,623,562 | 3,254,374 | 3,429,851 | 30,301 |
| 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 | 1,731,049 | 1,557,906 | 1,438,255 | 1,742,793 | 2,040,866 | 2,531,164 | 3,759,413 | 5,616,468 | 9,733,111 | 3,908,587 | 2,791,634 | 2,439,994 | 1,264,147 | 810,171 |
| total current liabilities | 4,035,544 | 3,509,026 | 2,306,260 | 2,775,798 | 6,670,770 | 10,198,447 | 17,320,639 | 30,643,588 | 24,413,483 | 5,433,181 | 6,402,193 | 8,652,130 | 5,386,508 | 3,851,474 |
| loans | 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 |
| Accruals and Deferred Income | 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 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,035,544 | 3,509,026 | 2,306,260 | 2,775,798 | 6,670,770 | 10,198,447 | 17,320,639 | 30,643,588 | 24,415,983 | 5,433,181 | 6,402,193 | 8,652,130 | 5,386,508 | 3,851,474 |
| net assets | 43,754,983 | 43,132,447 | 41,603,757 | 39,441,730 | 37,775,231 | 35,662,964 | 28,204,545 | 20,668,099 | 24,359,363 | 18,448,935 | 10,942,275 | 11,186,525 | 9,365,633 | 8,869,882 |
| total shareholders funds | 43,754,983 | 43,132,447 | 41,603,757 | 39,441,730 | 37,775,231 | 35,662,964 | 28,204,545 | 20,668,099 | 24,359,363 | 18,448,935 | 10,942,275 | 11,186,525 | 9,365,633 | 8,869,882 |
| 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 | 4,184,465 | 3,730,521 | 2,582,322 | 2,142,818 | 2,725,907 | 940,612 | 2,159,013 | -3,313,842 | -87,500 | 694,822 | -54,723 | 2,182,172 | -467,538 | -2,344,064 |
| Depreciation | 2,098,446 | 2,598,605 | 2,457,095 | 2,341,081 | 2,387,107 | 2,418,893 | 1,929,087 | 1,762,687 | 921,354 | 618,107 | 525,903 | 484,962 | 557,951 | 712,292 |
| Amortisation | 0 | 0 | 0 | 548,874 | 1,705,811 | 1,705,811 | 1,705,811 | 1,705,811 | 1,325,267 | 183,635 | 183,635 | 183,635 | 183,635 | 205,086 |
| Tax | -600,610 | -203,853 | -423,388 | -449,536 | -505,595 | -319,206 | -314,938 | -108 | 97,172 | -124,846 | -104,676 | -304,661 | 8,343 | 0 |
| Stock | 1,582,880 | 476,628 | -1,516,267 | -484,758 | 833,634 | 179,777 | 102,813 | -343,673 | 430,393 | 195,771 | -2,127,826 | 2,531,200 | 1,526,673 | 1,586,695 |
| Debtors | 7,438,998 | -1,008,032 | -55,514 | -965,157 | 2,114,280 | -511,901 | -248,959 | 103,580 | 552,923 | 1,054,734 | -866,822 | 825,675 | 1,166,438 | 1,621,943 |
| Creditors | 348,671 | 640,841 | -47,247 | -930,636 | -71,296 | 507,290 | -246,383 | -568,703 | 817,846 | -110,427 | -783,917 | 1,078,404 | 281,508 | 411,002 |
| Accruals and Deferred Income | 173,143 | 119,651 | -304,538 | -298,073 | -490,298 | -1,228,249 | -1,857,055 | -4,116,643 | 5,824,524 | 1,116,953 | 351,640 | 1,175,847 | 453,976 | 810,171 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,500 | 2,500 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,817,763 | 7,417,169 | 5,836,025 | 4,804,443 | 2,803,722 | 4,357,275 | 3,521,681 | -4,293,205 | 7,917,847 | 1,127,739 | 3,112,510 | 1,443,484 | -1,675,236 | -3,414,151 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -571,038 | -2,218,325 | -3,063,238 | -5,399,711 | -20,524,915 | -1,718,785 | -731,855 | -850,959 | -375,091 | -305,020 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 376 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -571,038 | -2,218,325 | -3,063,238 | -5,400,087 | -20,524,915 | -1,718,785 | -731,855 | -850,959 | -375,091 | -305,020 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,704 | 442,274 | -117,753 | -2,603,472 | -2,813,371 | -6,616,736 | -11,192,058 | 10,887,998 | 12,337,932 | -1,975,538 | -630,812 | -175,477 | 3,399,550 | 30,301 |
| Other Short Term Loans | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 38,681 | 2,022 | 3,093 | -26,783 | -108,045 | -162,987 | -307,629 | -377,314 | -99,246 | -63,316 | -84,851 | -56,619 | -145,054 | -205,908 |
| cash flow from financing | -2,656,615 | 444,296 | -114,660 | -2,630,255 | -2,921,416 | 220,277 | -5,499,687 | 10,510,684 | 18,238,688 | 4,961,146 | -715,663 | -232,096 | 4,354,496 | 10,355,247 |
| cash and cash equivalents | ||||||||||||||
| cash | -6,141,052 | 5,462,748 | 4,973,656 | 245,689 | -825,967 | 2,544,733 | -5,069,534 | 4,055,001 | 13,296 | 4,004,926 | 318,855 | 1,428,662 | -308,487 | 2,174,373 |
| overdraft | 0 | 0 | 0 | -62,791 | -152,712 | 215,503 | -27,453 | 27,453 | 0 | 0 | -1,186,848 | 1,186,848 | -2,600,000 | 2,600,000 |
| change in cash | -6,141,052 | 5,462,748 | 4,973,656 | 308,480 | -673,255 | 2,329,230 | -5,042,081 | 4,027,548 | 13,296 | 4,004,926 | 1,505,703 | 241,814 | 2,291,513 | -425,627 |
westec holding company limited Credit Report and Business Information
Westec Holding Company Limited Competitor Analysis
Perform a competitor analysis for westec holding company limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in RH15 area or any other competitors across 12 key performance metrics.
westec holding company limited Ownership
WESTEC HOLDING COMPANY LIMITED group structure
Westec Holding Company Limited has 3 subsidiary companies.
Ultimate parent company
DR JOHANNES HEIDENHAIN STIFTUNG GMBH
#0087655
DR JOHANNES HEIDENHAIN GMBH
#0004349
2 parents
WESTEC HOLDING COMPANY LIMITED
03871242
3 subsidiaries
westec holding company limited directors
Westec Holding Company Limited currently has 1 director, Dr Hubert Ermer serving since Feb 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Hubert Ermer | 57 years | Feb 2019 | - | Director |
P&L
December 2022turnover
34.3m
+22%
operating profit
4.2m
+12%
gross margin
29.7%
-9.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
43.8m
+0.01%
total assets
47.8m
+0.02%
cash
12.9m
-0.32%
net assets
Total assets minus all liabilities
Similar Companies
westec holding company limited company details
company number
03871242
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
November 1999
age
25
incorporated
UK
accounts
Group
ultimate parent company
previous names
plancross limited (November 1999)
last accounts submitted
December 2022
address
200 london road, burgess hill, west sussex, RH15 9RD
accountant
-
auditor
FRIEND JAMES LIMITED
westec holding company 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 westec holding company limited.
westec holding company limited Companies House Filings - See Documents
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