Wernick Event Hire Limited

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wernick event hire limited Company Information

Company Number

04005170

Next Accounts

Sep 2025

Directors

David Wernick

John Jaggon

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Shareholders

wernick hire ltd

Group Structure

View All

Industry

Other accommodation

Registered Address

molineux house russell gardens, wickford, essex, SS11 8QG

Website

www.wernick.co.uk

wernick event hire limited Estimated Valuation

£11.2m

Pomanda estimates the enterprise value of WERNICK EVENT HIRE LIMITED at £11.2m based on Net Assets of £5.9m and 1.92x industry multiple (adjusted for liquidity).

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Wernick Event Hire Limited is a live company located in essex, SS11 8QG with a Companies House number of 04005170. It operates in the other accommodation sector, SIC Code 55900. Founded in May 2000, it's largest shareholder is wernick hire ltd with a 100% stake. Wernick Event Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Wernick Event Hire Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £2m, make it larger than the average company (£916k)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (6.4%)

EXPORT

Wernick Event Hire Limited's latest turnover from December 2023 is estimated at £2 million and the company has net assets of £5.9 million. According to their latest financial statements, Wernick Event Hire Limited has 21 employees and maintains cash reserves of £321 thousand 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	2,033,971	4,936,258	4,077,634	5,774,186	4,339,856	2,757,062	2,190,931	8,703,099	7,834,490	7,349,015	5,817,801	6,708,896	4,521,119	3,387,084	1,957,695
Other Income Or Grants
Cost Of Sales	807,177	2,248,466	2,294,797	3,446,683	2,523,217	1,556,600	1,095,238	4,769,629	5,310,496	5,052,550	3,907,861	4,500,618	2,841,263	1,930,479	970,379
Gross Profit	1,226,794	2,687,792	1,782,838	2,327,502	1,816,639	1,200,462	1,095,693	3,933,470	2,523,994	2,296,465	1,909,940	2,208,278	1,679,856	1,456,605	987,316
Admin Expenses	778,349	1,030,859	-262,390	2,423,993	1,371,016	682,974	248,797	3,611,462	2,277,287	2,091,697	1,966,640	1,887,039	1,684,980	1,231,513	888,742
Operating Profit	448,445	1,656,933	2,045,228	-96,491	445,623	517,488	846,896	322,008	246,707	204,768	-56,700	321,239	-5,124	225,092	98,574
Interest Payable								8,389	8,380	11,588	23,403	38,217	56,287	63,351	53,110
Interest Receivable	15,433	22,683	2,079	344	2,681	6,281	2,839
Pre-Tax Profit	463,877	1,679,616	2,047,307	-96,147	448,304	523,769	849,735	313,619	238,327	193,180	-80,103	283,022	-61,411	161,741	45,464
Tax	-115,969	-319,127	-388,988		-85,178	-99,516	-161,450	-56,459	-13,656	-67,910	83,675	-32,132	-73,877	-89,579	-93,443
Profit After Tax	347,908	1,360,489	1,658,319	-96,147	363,126	424,253	688,285	257,160	224,671	125,270	3,572	250,890	-135,288	72,162	-47,979
Dividends Paid
Retained Profit	347,908	1,360,489	1,658,319	-96,147	363,126	424,253	688,285	257,160	224,671	125,270	3,572	250,890	-135,288	72,162	-47,979
Employee Costs	513,447	456,461	377,519	329,756	605,838	571,486	581,299	1,393,068	1,331,589	1,265,851	2,950,098	3,375,059	915,607	691,998	514,760
Number Of Employees	21	20	17	15	27	27	28	42	42	39	141	164	31	26	25
EBITDA*	1,730,851	2,752,514	2,948,771	763,228	1,277,364	1,366,762	1,866,950	1,629,158	1,470,669	1,350,753	871,890	1,567,022	858,390	639,734	300,975

* 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	6,456,403	6,163,513	4,393,258	3,670,367	4,080,614	4,290,480	3,784,827	4,801,840	5,358,395	5,430,212	5,912,132	5,847,770	6,444,982	4,359,531	3,304,299
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	6,456,403	6,163,513	4,393,258	3,670,367	4,080,614	4,290,480	3,784,827	4,801,840	5,358,395	5,430,212	5,912,132	5,847,770	6,444,982	4,359,531	3,304,299
Stock & work in progress	30,850	54,807	37,578	21,530	25,715	63,315	286,596	24,754	29,668	31,174	26,951	34,753	26,910	24,649	33,923
Trade Debtors	138,431	474,586	356,336	560,329	289,429	163,954	119,584	332,670	307,758	231,953	178,955	526,919	181,660	47,691	99,042
Group Debtors	357,720	405,482
Misc Debtors	139,084	286,469	36,586	28,706	77,229	14,842	26,150	190,921	209,293	94,737	56,301	76,147	37,013	18,824	19,737
Cash	321,008	266,909	1,029,244	633,910	53,294	661,530	1,013,456	122,155	37,198	81,002	1,300	1,300	1,300	800	1,250
misc current assets
total current assets	987,093	1,488,253	1,459,744	1,244,475	445,667	903,641	1,445,786	670,500	583,917	438,866	263,507	639,119	246,883	91,964	153,952
total assets	7,443,496	7,651,766	5,853,002	4,914,842	4,526,281	5,194,121	5,230,613	5,472,340	5,942,312	5,869,078	6,175,639	6,486,889	6,691,865	4,451,495	3,458,251
Bank overdraft											270,861	160,640	180,141	509,476	321,572
Bank loan
Trade Creditors	299,090	478,797	355,409	350,843	394,647	258,859	385,926	248,807	250,782	313,856	308,558	402,485	144,189	91,151	123,124
Group/Directors Accounts			379,596	1,482,075	1,225,565	2,300,575	2,420,299	3,135,781	3,836,950	3,989,037	4,114,985	4,195,540	4,498,715	1,489,606	1,668,169
other short term finances
hp & lease commitments									118,692	110,303	297,414	418,664	493,764	493,755	259,664
other current liabilities	1,013,023	1,389,494	841,393	463,639	191,637	277,361	364,661	605,127	387,474	180,416	111,843	251,257	78,229	40,467	26,853
total current liabilities	1,312,113	1,868,291	1,576,398	2,296,557	1,811,849	2,836,795	3,170,886	3,989,715	4,593,898	4,593,612	5,103,661	5,428,586	5,395,038	2,624,455	2,399,382
loans
hp & lease commitments									42,964	161,665	271,968	178,228	579,270	1,048,071	441,641
Accruals and Deferred Income
other liabilities
provisions	273,509	273,509	127,127	127,127	127,127	133,147	120,561	231,744	311,729	344,751	295,470	379,108	467,481	393,604	304,025
total long term liabilities	273,509	273,509	127,127	127,127	127,127	133,147	120,561	231,744	354,693	506,416	567,438	557,336	1,046,751	1,441,675	745,666
total liabilities	1,585,622	2,141,800	1,703,525	2,423,684	1,938,976	2,969,942	3,291,447	4,221,459	4,948,591	5,100,028	5,671,099	5,985,922	6,441,789	4,066,130	3,145,048
net assets	5,857,874	5,509,966	4,149,477	2,491,158	2,587,305	2,224,179	1,939,166	1,250,881	993,721	769,050	504,540	500,967	250,076	385,365	313,203
total shareholders funds	5,857,874	5,509,966	4,149,477	2,491,158	2,587,305	2,224,179	1,939,166	1,250,881	993,721	769,050	504,540	500,967	250,076	385,365	313,203

	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	448,445	1,656,933	2,045,228	-96,491	445,623	517,488	846,896	322,008	246,707	204,768	-56,700	321,239	-5,124	225,092	98,574
Depreciation	1,282,406	1,095,581	903,543	859,719	831,741	849,274	1,020,054	1,307,150	1,223,962	1,145,985	928,590	1,245,783	863,514	414,642	202,401
Amortisation
Tax	-115,969	-319,127	-388,988		-85,178	-99,516	-161,450	-56,459	-13,656	-67,910	83,675	-32,132	-73,877	-89,579	-93,443
Stock	-23,957	17,229	16,048	-4,185	-37,600	-223,281	261,842	-4,914	-1,506	4,223	-7,802	7,843	2,261	-9,274	33,923
Debtors	-531,302	773,615	-196,113	222,377	187,862	33,062	-377,857	6,540	190,361	91,434	-367,810	384,393	152,158	-52,264	118,779
Creditors	-179,707	123,388	4,566	-43,804	135,788	-127,067	137,119	-1,975	-63,074	5,298	-93,927	258,296	53,038	-31,973	123,124
Accruals and Deferred Income	-376,471	548,101	377,754	272,002	-85,724	-87,300	-240,466	217,653	207,058	68,573	-139,414	173,028	37,762	13,614	26,853
Deferred Taxes & Provisions		146,382			-6,020	12,586	-111,183	-79,985	-33,022	49,281	-83,638	-88,373	73,877	89,579	304,025
Cash flow from operations	1,613,963	2,460,414	3,122,168	773,234	1,085,968	1,255,684	1,606,985	1,706,766	1,379,120	1,310,338	1,014,198	1,485,605	794,771	682,913	508,832
Investing Activities
capital expenditure	-1,575,296	-2,865,836	-1,626,434	-449,472	-621,875	-1,354,927	-3,041	-750,595	-1,152,145	-664,065	-992,952	-648,571	-2,942,263	-288,762	-1,779,649
Change in Investments
cash flow from investments	-1,575,296	-2,865,836	-1,626,434	-449,472	-621,875	-1,354,927	-3,041	-750,595	-1,152,145	-664,065	-992,952	-648,571	-2,942,263	-288,762	-1,779,649
Financing Activities
Bank loans
Group/Directors Accounts		-379,596	-1,102,479	256,510	-1,075,010	-119,724	-715,482	-701,169	-152,087	-125,948	-80,555	-303,175	3,009,109	-178,563	1,668,169
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments								-161,656	-110,312	-297,414	-27,510	-476,142	-468,792	840,521	701,305
other long term liabilities
share issue						-139,240				139,240	1	1	-1		361,182
interest	15,433	22,683	2,079	344	2,681	6,281	2,839	-8,389	-8,380	-11,588	-23,403	-38,217	-56,287	-63,351	-53,110
cash flow from financing	15,433	-356,913	-1,100,400	256,854	-1,072,329	-252,683	-712,643	-871,214	-270,779	-295,710	-131,467	-817,533	2,484,029	598,607	2,677,546
cash and cash equivalents
cash	54,099	-762,335	395,334	580,616	-608,236	-351,926	891,301	84,957	-43,804	79,702			500	-450	1,250
overdraft										-270,861	110,221	-19,501	-329,335	187,904	321,572
change in cash	54,099	-762,335	395,334	580,616	-608,236	-351,926	891,301	84,957	-43,804	350,563	-110,221	19,501	329,835	-188,354	-320,322

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WERNICK EVENT HIRE LIMITED group structure

Wernick Event Hire Limited has no subsidiary companies.

Ultimate parent company

WERNICK GROUP (HOLDINGS) LIMITED

03671447

WERNICK HIRE LIMITED

00633778

2 parents

WERNICK EVENT HIRE LIMITED

04005170

WERNICK EVENT HIRE LIMITED Shareholders

wernick hire ltd

100%

Wernick Event Hire Limited currently has 4 directors. The longest serving directors include Mr David Wernick (May 2005) and Mr John Jaggon (Jan 2017).

officer	country	age	start	end	role
Mr David Wernick	England	68 years	May 2005	-	Director
Mr John Jaggon	England	56 years	Jan 2017	-	Director
Mr Liam Muldoon	England	52 years	Jul 2017	-	Director
Mr Jonathan Wernick	England	35 years	Jan 2021	-	Director

P&L

December 2023

turnover

-59%

operating profit

448.4k

gross margin

60.4%

+10.77%

turnover

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

Balance Sheet

December 2023

net assets

5.9m

+0.06%

total assets

7.4m

-0.03%

cash

321k

+0.2%

net assets

Total assets minus all liabilities

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company number

04005170

Type

Private limited with Share Capital

industry

55900 - Other accommodation

incorporation date

May 2000

ultimate parent company

WERNICK GROUP (HOLDINGS) LIMITED

previous names

accommodation hire limited (October 2005)

cox accommodation limited (August 2000)

address

molineux house russell gardens, wickford, essex, SS11 8QG

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 10 charges/mortgages relating to wernick event hire limited. Currently there are 2 open charges and 8 have been satisfied in the past.

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wernick event hire limited Company Information

wernick event hire limited Estimated Valuation

wernick event hire limited Estimated Valuation

wernick event hire limited Estimated Valuation

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WERNICK EVENT HIRE LIMITED financials

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