Westin Drives Limited

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westin drives limited Company Information

Live

MatureSmallHealthy

Company Number

03933060

Next Accounts

Dec 2024

Industry

Repair of machinery

Wholesale of other machinery and equipment

Directors

John Eastwood

Ian Sheppard

View All

Shareholders

w s westin group ltd

Group Structure

View All

Contact

Registered Address

the courtyard, phoenix mills, huddersfield, west yorkshire, HD1 6NG

Website

www.westindrives.com

westin drives limited Estimated Valuation

£939.3k

Pomanda estimates the enterprise value of WESTIN DRIVES LIMITED at £939.3k based on a Turnover of £2m and 0.48x industry multiple (adjusted for size and gross margin).

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Westin Drives Limited is a live company located in huddersfield, HD1 6NG with a Companies House number of 03933060. It operates in the repair of machinery sector, SIC Code 33120. Founded in February 2000, it's largest shareholder is w s westin group ltd with a 100% stake. Westin Drives Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Westin Drives Limited a 2.5 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

Health Rating2.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £2m, make it smaller than the average company (£9.9m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.2%)

EXPORT

Westin Drives Limited's latest turnover from March 2023 is estimated at £2 million and the company has net assets of -£27.5 thousand. According to their latest financial statements, Westin Drives Limited has 13 employees and maintains cash reserves of £3.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,951,681	2,236,447	1,400,448	1,488,334	1,620,765	1,598,750	1,475,373	1,311,498	1,867,343	1,679,235	1,502,528	1,407,384	1,240,003	1,353,218
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,338,260	1,575,426	991,430	1,030,392	1,092,035	1,071,962	969,749	878,516	1,280,917	1,162,138	1,026,931	943,086	802,401	868,036
Gross Profit	613,421	661,021	409,019	457,942	528,730	526,788	505,624	432,982	586,426	517,098	475,597	464,297	437,602	485,181
Admin Expenses	557,459	652,709	415,319	537,481	536,858	538,555	515,372	390,977	482,514	447,571	403,241	496,487	522,112	551,476
Operating Profit	55,962	8,312	-6,300	-79,539	-8,128	-11,767	-9,748	42,005	103,912	69,527	72,356	-32,190	-84,510	-66,295
Interest Payable	19,953	10,530	6,522	14,083	22,627	14,271	4,827	345	0	6,656	12,489	8,768	5,885	2,950
Interest Receivable	84	5	1	1	2	1	0	3	4	1	1	1	3	2
Pre-Tax Profit	36,093	-2,213	-12,821	-93,621	-30,752	-26,037	-14,575	41,664	103,915	62,873	59,868	-40,957	-90,393	-69,243
Tax	-6,858	0	0	0	0	0	0	-8,333	-21,822	-14,461	-14,368	0	0	0
Profit After Tax	29,235	-2,213	-12,821	-93,621	-30,752	-26,037	-14,575	33,331	82,093	48,412	45,500	-40,957	-90,393	-69,243
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	29,235	-2,213	-12,821	-93,621	-30,752	-26,037	-14,575	33,331	82,093	48,412	45,500	-40,957	-90,393	-69,243
Employee Costs	596,434	520,634	504,370	715,716	747,327	663,747	547,191	490,261	310,049	274,709	257,647	256,383	283,288	305,918
Number Of Employees	13	12	12	16	17	16	14	13	8	7	7	7	8	9
EBITDA*	80,329	32,388	14,533	-50,383	29,370	19,984	7,994	58,635	119,588	80,708	86,136	-19,000	-70,159	-54,435

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	99,868	121,374	125,674	141,684	248,575	197,641	193,299	55,177	58,617	65,801	51,275	51,476	57,181	53,816
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	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	99,868	121,374	125,674	141,684	248,575	197,641	193,299	55,177	58,617	65,801	51,275	51,476	57,181	53,816
Stock & work in progress	159,673	118,229	78,845	80,696	97,805	79,682	73,203	81,892	86,171	91,470	94,039	88,729	94,171	88,555
Trade Debtors	307,776	375,711	220,621	163,401	198,197	244,784	227,651	174,105	434,898	349,917	349,663	341,091	262,804	281,540
Group Debtors	28,199	1,673	26,042	31,227	62,636	103,581	73,751	7,883	0	0	0	0	0	0
Misc Debtors	16,433	20,121	14,644	14,151	109,570	13,721	11,514	25,907	0	0	0	0	0	0
Cash	3,485	461	974	881	473	190	295	100	1,145	286	235	272	189	872
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	515,566	516,195	341,126	290,356	468,681	441,958	386,414	289,887	522,214	441,673	443,937	430,092	357,164	370,967
total assets	615,434	637,569	466,800	432,040	717,256	639,599	579,713	345,064	580,831	507,474	495,212	481,568	414,345	424,783
Bank overdraft	204,615	184,713	127,294	86,550	375,178	295,246	143,862	10,610	0	0	204,789	179,491	90,305	90,779
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	222,414	338,285	126,477	131,693	139,719	167,921	194,791	105,491	330,856	334,342	180,428	236,210	233,676	253,247
Group/Directors Accounts	135,619	89,528	168,138	182,487	21,013	2,815	41,621	34,118	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	8,526	11,404	11,232	10,576	24,316	14,498	14,681	10,328	0	0	0	0	0	0
other current liabilities	65,654	56,027	62,319	37,719	34,178	35,073	17,885	49,388	0	0	0	0	0	0
total current liabilities	636,828	679,957	495,460	449,025	594,404	515,553	412,840	209,935	330,856	334,342	385,217	415,701	323,981	344,026
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	6,147	14,388	25,903	24,757	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	61,459	26,509	34,632	5,236	10,063	15,313	588	1,960	40,000	40,000
provisions	0	0	0	0	9,514	14,906	23,573	6,650	0	0	0	0	0	0
total long term liabilities	6,147	14,388	25,903	24,757	70,973	41,415	58,205	11,886	10,063	15,313	588	1,960	40,000	40,000
total liabilities	642,975	694,345	521,363	473,782	665,377	556,968	471,045	221,821	340,919	349,655	385,805	417,661	363,981	384,026
net assets	-27,541	-56,776	-54,563	-41,742	51,879	82,631	108,668	123,243	239,912	157,819	109,407	63,907	50,364	40,757
total shareholders funds	-27,541	-56,776	-54,563	-41,742	51,879	82,631	108,668	123,243	239,912	157,819	109,407	63,907	50,364	40,757

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	55,962	8,312	-6,300	-79,539	-8,128	-11,767	-9,748	42,005	103,912	69,527	72,356	-32,190	-84,510	-66,295
Depreciation	24,367	24,076	20,833	29,156	37,498	31,751	17,742	16,630	15,676	11,181	13,780	13,190	14,351	11,860
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,858	0	0	0	0	0	0	-8,333	-21,822	-14,461	-14,368	0	0	0
Stock	41,444	39,384	-1,851	-17,109	18,123	6,479	-8,689	-4,279	-5,299	-2,569	5,310	-5,442	5,616	88,555
Debtors	-45,097	136,198	52,528	-161,624	8,317	49,170	105,021	-227,003	84,981	254	8,572	78,287	-18,736	281,540
Creditors	-115,871	211,808	-5,216	-8,026	-28,202	-26,870	89,300	-225,365	-3,486	153,914	-55,782	2,534	-19,571	253,247
Accruals and Deferred Income	9,627	-6,292	24,600	3,541	-895	17,188	-31,503	49,388	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-9,514	-5,392	-8,667	16,923	6,650	0	0	0	0	0	0
Cash flow from operations	-29,120	62,322	-16,760	114,351	-31,559	-54,014	-13,618	112,257	14,598	222,476	2,104	-89,311	-76,610	-171,283
Investing Activities
capital expenditure	-2,861	-19,776	-4,823	77,735	-88,432	-36,093	-155,864	-13,190	-8,492	-25,707	-13,579	-7,485	-17,716	-65,676
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,861	-19,776	-4,823	77,735	-88,432	-36,093	-155,864	-13,190	-8,492	-25,707	-13,579	-7,485	-17,716	-65,676
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	46,091	-78,610	-14,349	161,474	18,198	-38,806	7,503	34,118	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	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-11,119	-11,343	1,802	11,017	9,818	-183	4,353	10,328	0	0	0	0	0	0
other long term liabilities	0	0	0	-61,459	34,950	-8,123	29,396	-4,827	-5,250	14,725	-1,372	-38,040	0	40,000
share issue	0	0	0	0	0	0	0	-150,000	0	0	0	54,500	100,000	110,000
interest	-19,869	-10,525	-6,521	-14,082	-22,625	-14,270	-4,827	-342	4	-6,655	-12,488	-8,767	-5,882	-2,948
cash flow from financing	15,103	-100,478	-19,068	96,950	40,341	-61,382	36,425	-110,723	-5,246	8,070	-13,860	7,693	94,118	147,052
cash and cash equivalents
cash	3,024	-513	93	408	283	-105	195	-1,045	859	51	-37	83	-683	872
overdraft	19,902	57,419	40,744	-288,628	79,932	151,384	133,252	10,610	0	-204,789	25,298	89,186	-474	90,779
change in cash	-16,878	-57,932	-40,651	289,036	-79,649	-151,489	-133,057	-11,655	859	204,840	-25,335	-89,103	-209	-89,907

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTIN DRIVES LIMITED group structure

Westin Drives Limited has no subsidiary companies.

Ultimate parent company

EASTWOOD GROUP (HUDDERSFIELD) LIMITED

12117427

W. S. WESTIN GROUP LIMITED

00352890

2 parents

WESTIN DRIVES LIMITED

03933060

WESTIN DRIVES LIMITED Shareholders

w s westin group ltd

100%

Westin Drives Limited currently has 3 directors. The longest serving directors include Mr John Eastwood (Feb 2000) and Mr Ian Sheppard (Jun 2012).

officer	age	start	end	role
Mr John Eastwood	77 years	Feb 2000	-	Director
Mr Ian Sheppard	59 years	Jun 2012	-	Director
Mr Fraser Lynch	34 years	Feb 2024	-	Director

P&L

March 2023

turnover

-13%

operating profit

56k

gross margin

31.5%

+6.34%

turnover

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

Balance Sheet

March 2023

net assets

-27.5k

-0.51%

total assets

615.4k

-0.03%

cash

3.5k

+6.56%

net assets

Total assets minus all liabilities

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company number

03933060

Type

Private limited with Share Capital

industry

33120 - Repair of machinery

46690 - Wholesale of other machinery and equipment

incorporation date

February 2000

ultimate parent company

EASTWOOD GROUP (HUDDERSFIELD) LIMITED

previous names

hill, smith & westin limited (September 2005)

birdhold limited (March 2000)

address

the courtyard, phoenix mills, huddersfield, west yorkshire, HD1 6NG

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 westin drives limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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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westin drives limited Company Information

westin drives limited Estimated Valuation

westin drives limited Estimated Valuation

westin drives limited Estimated Valuation

Westin Drives Limited Overview

Westin Drives Limited Health Check

WESTIN DRIVES LIMITED financials

westin drives limited Credit Report and Business Information

Westin Drives Limited Competitor Analysis

westin drives limited Ownership

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