westfield specialty direct, ltd
westfield specialty direct, ltd Company Information
Company Number
04019569
Website
www.argo-global.comRegistered Address
floor 36, 22 bishopsgate, london, EC2N 4BQ
Industry
Non-life insurance
Telephone
02077127600
Next Accounts Due
16 days late
Group Structure
View All
Shareholders
westfield specialty managing agency ltd 100%
westfield specialty direct, ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTFIELD SPECIALTY DIRECT, LTD at £381.4k based on a Turnover of £653.3k and 0.58x industry multiple (adjusted for size and gross margin).
westfield specialty direct, ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTFIELD SPECIALTY DIRECT, LTD at £9.3m based on an EBITDA of £1.1m and a 8.58x industry multiple (adjusted for size and gross margin).
westfield specialty direct, ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTFIELD SPECIALTY DIRECT, LTD at £10m based on Net Assets of £6.8m and 1.48x industry multiple (adjusted for liquidity).
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Westfield Specialty Direct, Ltd Overview
Westfield Specialty Direct, Ltd is a live company located in london, EC2N 4BQ with a Companies House number of 04019569. It operates in the non-life insurance sector, SIC Code 65120. Founded in June 2000, it's largest shareholder is westfield specialty managing agency ltd with a 100% stake. Westfield Specialty Direct, Ltd is a mature, small sized company, Pomanda has estimated its turnover at £653.3k with declining growth in recent years.
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Westfield Specialty Direct, Ltd Health Check
Pomanda's financial health check has awarded Westfield Specialty Direct, Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £653.3k, make it smaller than the average company (£1.9m)
£653.3k - Westfield Specialty Direct, Ltd
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -41%, show it is growing at a slower rate (4.1%)
-41% - Westfield Specialty Direct, Ltd
4.1% - Industry AVG
Production
with a gross margin of 98.1%, this company has a comparable cost of product (98.1%)
98.1% - Westfield Specialty Direct, Ltd
98.1% - Industry AVG
Profitability
an operating margin of 166.2% make it more profitable than the average company (17.7%)
166.2% - Westfield Specialty Direct, Ltd
17.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (30)
- Westfield Specialty Direct, Ltd
30 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Westfield Specialty Direct, Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £130.7k, this is less efficient (£155.5k)
- Westfield Specialty Direct, Ltd
£155.5k - Industry AVG
Debtor Days
it gets paid by customers after 248 days, this is near the average (236 days)
248 days - Westfield Specialty Direct, Ltd
236 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Westfield Specialty Direct, Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Westfield Specialty Direct, Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1709 weeks, this is more cash available to meet short term requirements (16 weeks)
1709 weeks - Westfield Specialty Direct, Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.5%, this is a lower level of debt than the average (83.5%)
2.5% - Westfield Specialty Direct, Ltd
83.5% - Industry AVG
WESTFIELD SPECIALTY DIRECT, LTD financials
Westfield Specialty Direct, Ltd's latest turnover from December 2022 is £653.3 thousand and the company has net assets of £6.8 million. According to their latest financial statements, we estimate that Westfield Specialty Direct, Ltd has 5 employees and maintains cash reserves of £5.6 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 | 653,300 | 1,394,400 | 1,778,800 | 3,109,100 | 4,256,400 | 1,827,000 | 1,932,300 | 1,033,400 | 1,538,400 | 1,599,600 | 2,091,000 | 1,211,300 | 147,700 | 194,300 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 1,085,900 | 403,700 | 1,365,000 | 1,739,400 | 2,844,300 | 673,800 | 816,100 | -636,200 | -176,700 | 41,500 | -262,300 | -113,200 | -900 | -2,500 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900 | 2,300 |
| Interest Receivable | 2,100 | 100 | 100 | 6,900 | 10,100 | 1,300 | 900 | 2,000 | 5,500 | 7,400 | 600 | 1,400 | 900 | 2,500 |
| Pre-Tax Profit | 1,088,000 | 403,800 | 1,365,100 | 1,746,300 | 2,854,400 | 675,100 | 817,000 | -634,200 | -171,200 | 48,900 | -261,700 | -111,800 | 0 | 0 |
| Tax | -21,200 | -83,700 | -257,800 | -335,800 | -548,100 | -124,000 | 0 | 121,800 | 28,200 | -16,000 | 62,200 | 28,700 | 0 | 0 |
| Profit After Tax | 1,066,800 | 320,100 | 1,107,300 | 1,410,500 | 2,306,300 | 551,100 | 817,000 | -512,400 | -143,000 | 32,900 | -199,500 | -83,100 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,066,800 | 320,100 | 1,107,300 | 1,410,500 | 2,306,300 | 551,100 | 817,000 | -512,400 | -143,000 | 32,900 | -199,500 | -83,100 | 0 | 0 |
| Employee Costs | 0 | 0 | 0 | 0 | 655,400 | 721,100 | 855,800 | 0 | 0 | 790,200 | 1,791,500 | 1,295,600 | 272,200 | 527,200 |
| Number Of Employees | 3 | |||||||||||||
| EBITDA* | 1,085,900 | 403,700 | 1,365,000 | 1,739,400 | 2,844,300 | 673,800 | 816,100 | -636,200 | -176,700 | 41,500 | -262,300 | -113,200 | -900 | -2,500 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 86,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,200 | 82,600 | 71,100 | 67,000 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 86,100 | 71,200 | 82,600 | 71,100 | 67,000 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 445,300 | 477,000 | 647,500 | 1,277,300 | 932,300 | 798,800 | 1,166,700 | 2,024,400 | 6,601,600 | 7,544,200 | 6,259,500 | 3,836,400 | 421,400 | 300,900 |
| Group Debtors | 875,000 | 801,200 | 2,669,400 | 22,190,400 | 11,752,900 | 4,997,500 | 2,214,000 | 991,600 | 410,300 | 510,500 | 4,272,500 | 0 | 427,100 | 736,200 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,000 | 0 | 0 | 88,300 | 101,200 | 0 | 0 |
| Cash | 5,624,600 | 6,065,300 | 3,362,600 | 1,403,700 | 5,820,700 | 2,595,000 | 2,723,800 | 1,227,900 | 3,713,500 | 5,899,400 | 2,435,100 | 1,618,300 | 235,900 | 561,800 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,944,900 | 7,343,500 | 6,679,500 | 24,871,400 | 18,505,900 | 8,391,300 | 6,104,500 | 4,279,900 | 10,725,400 | 13,954,100 | 13,055,400 | 5,555,900 | 1,084,400 | 1,598,900 |
| total assets | 6,944,900 | 7,343,500 | 6,679,500 | 24,871,400 | 18,505,900 | 8,391,300 | 6,190,600 | 4,351,100 | 10,808,000 | 14,025,200 | 13,122,400 | 5,555,900 | 1,084,400 | 1,598,900 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 20,591,800 | 11,385,600 | 4,309,200 | 3,407,100 | 2,509,000 | 8,612,200 | 11,368,100 | 10,998,000 | 4,144,900 | 363,100 | 514,600 |
| Group/Directors Accounts | 171,100 | 1,636,500 | 1,292,600 | 0 | 3,769,500 | 3,431,300 | 2,683,800 | 2,647,500 | 2,488,500 | 2,741,900 | 2,307,000 | 1,281,800 | 608,100 | 982,100 |
| 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 | 0 | 0 | 0 | 0 | 481,700 | 88,000 | 88,000 | 0 | 0 | 64,900 | 0 | 112,300 | 13,200 | 2,200 |
| total current liabilities | 171,100 | 1,636,500 | 1,292,600 | 20,591,800 | 15,636,800 | 7,828,500 | 6,178,900 | 5,156,500 | 11,100,700 | 14,174,900 | 13,305,000 | 5,539,000 | 984,400 | 1,498,900 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 171,100 | 1,636,500 | 1,292,600 | 20,591,800 | 15,636,800 | 7,828,500 | 6,178,900 | 5,156,500 | 11,100,700 | 14,174,900 | 13,305,000 | 5,539,000 | 984,400 | 1,498,900 |
| net assets | 6,773,800 | 5,707,000 | 5,386,900 | 4,279,600 | 2,869,100 | 562,800 | 11,700 | -805,400 | -292,700 | -149,700 | -182,600 | 16,900 | 100,000 | 100,000 |
| total shareholders funds | 6,773,800 | 5,707,000 | 5,386,900 | 4,279,600 | 2,869,100 | 562,800 | 11,700 | -805,400 | -292,700 | -149,700 | -182,600 | 16,900 | 100,000 | 100,000 |
| 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 | 1,085,900 | 403,700 | 1,365,000 | 1,739,400 | 2,844,300 | 673,800 | 816,100 | -636,200 | -176,700 | 41,500 | -262,300 | -113,200 | -900 | -2,500 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -21,200 | -83,700 | -257,800 | -335,800 | -548,100 | -124,000 | 0 | 121,800 | 28,200 | -16,000 | 62,200 | 28,700 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 42,100 | -2,038,700 | -20,150,800 | 10,782,500 | 6,888,900 | 2,415,600 | 257,500 | -3,971,300 | -1,031,300 | -2,561,500 | 6,749,700 | 3,089,100 | -188,600 | 1,037,100 |
| Creditors | 0 | 0 | -20,591,800 | 9,206,200 | 7,076,400 | 902,100 | 898,100 | -6,103,200 | -2,755,900 | 370,100 | 6,853,100 | 3,781,800 | -151,500 | 514,600 |
| Accruals and Deferred Income | 0 | 0 | 0 | -481,700 | 393,700 | 0 | 88,000 | 0 | -64,900 | 64,900 | -112,300 | 99,100 | 11,000 | 2,200 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,022,600 | 2,358,700 | 666,200 | -654,400 | 2,877,400 | -963,700 | 1,544,700 | -2,646,300 | -1,938,000 | 3,022,000 | -209,000 | 707,300 | 47,200 | -522,800 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -86,100 | 86,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,465,400 | 343,900 | 1,292,600 | -3,769,500 | 338,200 | 747,500 | 36,300 | 159,000 | -253,400 | 434,900 | 1,025,200 | 673,700 | -374,000 | 982,100 |
| 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 | 2,100 | 100 | 100 | 6,900 | 10,100 | 1,300 | 900 | 2,000 | 5,500 | 7,400 | 600 | 1,400 | 0 | 200 |
| cash flow from financing | -1,463,300 | 344,000 | 1,292,700 | -3,762,600 | 348,300 | 748,800 | 37,300 | 160,700 | -247,900 | 442,300 | 1,025,800 | 675,100 | -374,000 | 1,082,300 |
| cash and cash equivalents | ||||||||||||||
| cash | -440,700 | 2,702,700 | 1,958,900 | -4,417,000 | 3,225,700 | -128,800 | 1,495,900 | -2,485,600 | -2,185,900 | 3,464,300 | 816,800 | 1,382,400 | -325,900 | 561,800 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -440,700 | 2,702,700 | 1,958,900 | -4,417,000 | 3,225,700 | -128,800 | 1,495,900 | -2,485,600 | -2,185,900 | 3,464,300 | 816,800 | 1,382,400 | -325,900 | 561,800 |
westfield specialty direct, ltd Credit Report and Business Information
Westfield Specialty Direct, Ltd Competitor Analysis
Perform a competitor analysis for westfield specialty direct, ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC2N area or any other competitors across 12 key performance metrics.
westfield specialty direct, ltd Ownership
WESTFIELD SPECIALTY DIRECT, LTD group structure
Westfield Specialty Direct, Ltd has no subsidiary companies.
Ultimate parent company
OHIO FARMERS INSURANCE CO
#0152450
2 parents
WESTFIELD SPECIALTY DIRECT, LTD
04019569
westfield specialty direct, ltd directors
Westfield Specialty Direct, Ltd currently has 2 directors. The longest serving directors include Mr Ryan Barnes (Oct 2016) and Ms Lucy Morrison (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ryan Barnes | England | 47 years | Oct 2016 | - | Director |
| Ms Lucy Morrison | England | 56 years | Jun 2017 | - | Director |
P&L
December 2022turnover
653.3k
-53%
operating profit
1.1m
+169%
gross margin
98.1%
+0.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.8m
+0.19%
total assets
6.9m
-0.05%
cash
5.6m
-0.07%
net assets
Total assets minus all liabilities
westfield specialty direct, ltd company details
company number
04019569
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
June 2000
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
argo direct limited (February 2023)
argo direct limited (October 2009)
accountant
-
auditor
ERNST & YOUNG LLP
address
floor 36, 22 bishopsgate, london, EC2N 4BQ
Bank
BARCLAYS BANK PLC
Legal Advisor
REYNOLDS PORTER CHAMBERLAIN LLP
westfield specialty direct, 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 direct, ltd.
westfield specialty direct, ltd Companies House Filings - See Documents
| date | description | view/download |
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