western bio-energy ltd Company Information
Company Number
04622111
Next Accounts
27 days late
Industry
Production of electricity
Shareholders
gaia l.p.
Group Structure
View All
Contact
Registered Address
c/o western wood energy plant, longland lane, port talbot, SA13 2NR
Website
-western bio-energy ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTERN BIO-ENERGY LTD at £32.2m based on a Turnover of £19.5m and 1.65x industry multiple (adjusted for size and gross margin).
western bio-energy ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTERN BIO-ENERGY LTD at £38.7m based on an EBITDA of £7.6m and a 5.09x industry multiple (adjusted for size and gross margin).
western bio-energy ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTERN BIO-ENERGY LTD at £7.2m based on Net Assets of £2.7m and 2.7x industry multiple (adjusted for liquidity).
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Western Bio-energy Ltd Overview
Western Bio-energy Ltd is a live company located in port talbot, SA13 2NR with a Companies House number of 04622111. It operates in the production of electricity sector, SIC Code 35110. Founded in December 2002, it's largest shareholder is gaia l.p. with a 100% stake. Western Bio-energy Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £19.5m with high growth in recent years.
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Western Bio-energy Ltd Health Check
Pomanda's financial health check has awarded Western Bio-Energy Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £19.5m, make it larger than the average company (£1.5m)
£19.5m - Western Bio-energy Ltd
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.2%)
23% - Western Bio-energy Ltd
7.2% - Industry AVG
Production
with a gross margin of 41.9%, this company has a higher cost of product (69.2%)
41.9% - Western Bio-energy Ltd
69.2% - Industry AVG
Profitability
an operating margin of 31.1% make it less profitable than the average company (46.8%)
31.1% - Western Bio-energy Ltd
46.8% - Industry AVG
Employees
with 23 employees, this is above the industry average (3)
23 - Western Bio-energy Ltd
3 - Industry AVG
Pay Structure
on an average salary of £95.8k, the company has a higher pay structure (£71.4k)
£95.8k - Western Bio-energy Ltd
£71.4k - Industry AVG
Efficiency
resulting in sales per employee of £847k, this is more efficient (£404.5k)
£847k - Western Bio-energy Ltd
£404.5k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (15 days)
1 days - Western Bio-energy Ltd
15 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (22 days)
69 days - Western Bio-energy Ltd
22 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (12 days)
7 days - Western Bio-energy Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (10 weeks)
45 weeks - Western Bio-energy Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.1%, this is a similar level of debt than the average (90%)
86.1% - Western Bio-energy Ltd
90% - Industry AVG
WESTERN BIO-ENERGY LTD financials
Western Bio-Energy Ltd's latest turnover from March 2023 is £19.5 million and the company has net assets of £2.7 million. According to their latest financial statements, Western Bio-Energy Ltd has 23 employees and maintains cash reserves of £3.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | May 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 19,480,474 | 18,430,390 | 2,083,179 | 10,356,481 | 10,705,311 | 11,267,413 | 8,923,168 | 10,871,212 | 12,811,386 | 10,854,973 | 8,014,383 | 10,975,224 | 10,997,136 | 11,676,341 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 11,327,040 | 10,801,879 | 4,646,379 | 10,690,271 | 10,773,047 | 10,507,481 | 10,736,039 | 11,118,536 | 13,969,860 | 10,583,749 | 9,455,795 | 8,698,656 | 8,210,837 | 8,368,562 |
Gross Profit | 8,153,434 | 7,628,511 | -2,563,200 | -333,790 | -67,736 | 759,932 | -1,812,871 | -247,324 | -1,158,474 | 271,224 | -1,441,412 | 2,276,568 | 2,786,299 | 3,307,779 |
Admin Expenses | 2,096,676 | 1,003,873 | 1,198,785 | 698,634 | 640,071 | 4,085,320 | 3,049,616 | 251,779 | 226,251 | -704,163 | -915,242 | 502,041 | 590,909 | 122,635 |
Operating Profit | 6,056,758 | 6,624,638 | -3,761,985 | -1,032,424 | -707,807 | -3,325,388 | -4,862,487 | -499,103 | -1,384,725 | 975,387 | -526,170 | 1,774,527 | 2,195,390 | 3,185,144 |
Interest Payable | 1,466,656 | 1,639,396 | 1,382,267 | 1,266,088 | 4,026,834 | 3,149,453 | 2,795,874 | 2,809,969 | 3,457,902 | 3,870,188 | 3,944,358 | 3,690,866 | 3,662,554 | 3,746,879 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 925 | 55 | 0 | 0 | 5,151 |
Pre-Tax Profit | 4,590,102 | 4,985,242 | -5,144,252 | -2,298,512 | -4,734,641 | -6,474,841 | -7,658,361 | -3,309,072 | -4,842,627 | -3,029,376 | -4,470,473 | -1,916,339 | -1,467,164 | -556,584 |
Tax | 152,564 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -398,682 | -395,638 | 93,924 |
Profit After Tax | 4,742,666 | 4,985,242 | -5,144,252 | -2,298,512 | -4,734,641 | -6,474,841 | -7,658,361 | -3,309,072 | -4,842,627 | -3,029,376 | -4,470,473 | -2,315,021 | -1,862,802 | -462,660 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 4,742,666 | 4,985,242 | -5,144,252 | -2,298,512 | -4,734,641 | -6,474,841 | -7,658,361 | -3,309,072 | -4,842,627 | -3,029,376 | -4,470,473 | -2,315,021 | -1,862,802 | -462,660 |
Employee Costs | 2,202,357 | 1,045,103 | 309,942 | 374,440 | 455,026 | 356,363 | 80,390 | 0 | 0 | 0 | 0 | 0 | 0 | |
Number Of Employees | 23 | 17 | 5 | 8 | 7 | 1 | ||||||||
EBITDA* | 7,615,229 | 7,918,338 | -2,325,484 | 302,359 | 882,728 | -1,724,414 | -3,138,657 | 1,842,698 | 1,682,068 | 2,620,840 | 954,284 | 3,247,698 | 3,606,182 | 4,531,472 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | May 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 12,265,302 | 11,180,331 | 12,159,169 | 13,461,905 | 14,409,284 | 14,996,060 | 19,774,030 | 22,697,942 | 24,390,526 | 28,260,998 | 29,903,657 | 31,155,568 | 32,578,218 | 32,405,491 |
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 | 1 | 1 | 1 | 1 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 398,682 | 794,320 |
Total Fixed Assets | 12,265,302 | 11,180,331 | 12,159,169 | 13,461,905 | 14,409,284 | 14,996,060 | 19,774,030 | 22,697,942 | 24,390,527 | 28,260,999 | 29,903,658 | 31,155,569 | 32,976,900 | 33,199,811 |
Stock & work in progress | 226,554 | 228,419 | 40,913 | 141,048 | 119,489 | 23,728 | 12,690 | 91,808 | 94,515 | 259,904 | 114,643 | 193,352 | 112,476 | 115,063 |
Trade Debtors | 93,402 | 4,675,285 | 384,722 | 173,381 | 498,596 | 2,737,879 | 1,734,912 | 1,118,008 | 1,172,628 | 2,581,975 | 2,641,100 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 641,485 | 416,648 | 0 | 0 | 0 | 257,804 | 218,767 | 67,367 | 3,031,304 |
Misc Debtors | 3,227,993 | 1,037,829 | 1,552,553 | 1,608,398 | 847,568 | 789,248 | 446,811 | 289,982 | 603,274 | 465,666 | 405,123 | 3,662,310 | 3,567,276 | 3,430,474 |
Cash | 3,510,357 | 3,978,076 | 1,135,237 | 1,720,461 | 2,547,298 | 2,240,900 | 468,766 | 928,127 | 1,178,243 | 1,232,946 | 1,068,667 | 2,191,132 | 2,263,496 | 1,109,511 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 7,058,306 | 9,919,609 | 3,113,425 | 3,643,288 | 4,012,951 | 6,433,240 | 3,079,827 | 2,427,925 | 3,048,660 | 4,540,491 | 4,487,337 | 6,265,561 | 6,010,615 | 7,686,352 |
total assets | 19,323,608 | 21,099,940 | 15,272,594 | 17,105,193 | 18,422,235 | 21,429,300 | 22,853,857 | 25,125,867 | 27,439,187 | 32,801,490 | 34,390,995 | 37,421,130 | 38,987,515 | 40,886,163 |
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 | 2,169,777 | 1,608,903 | 1,998,132 | 1,349,830 | 1,114,844 | 911,299 | 1,502,497 | 821,837 | 2,041,846 | 542,284 | 621,847 | 696,643 | 1,690,135 | 547,763 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 339,252 | 7,058,525 | 4,615,690 | 2,887,357 | 2,010,912 | 1,054,381 | 1,054,381 | 1,268,571 | 1,163,132 |
other short term finances | 1,367,709 | 1,757,677 | 1,757,678 | 1,607,677 | 1,607,677 | 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 | 437,764 | 1,490,610 | 328,684 | 535,266 | 583,606 | 2,173,084 | 1,634,390 | 1,916,312 | 908,641 | 1,202,841 | 488,348 | 868,229 | 495,582 | 438,690 |
total current liabilities | 3,975,250 | 4,857,190 | 4,084,494 | 3,492,773 | 3,306,127 | 3,423,635 | 10,195,412 | 7,353,839 | 5,837,844 | 3,756,037 | 2,164,576 | 2,619,253 | 3,454,288 | 2,149,585 |
loans | 12,352,708 | 18,006,534 | 17,953,893 | 15,250,018 | 14,469,098 | 36,428,389 | 22,620,000 | 22,620,000 | 22,620,001 | 21,756,192 | 35,834,863 | 33,417,533 | 31,278,245 | 31,408,126 |
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 | 8,804,224 | 9,336,469 | 0 | 0 | 11,598,511 | 12,128,247 | 12,660,383 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 317,506 | 300,738 | 283,971 | 267,914 | 254,010 | 238,474 | 224,802 | 212,269 | 200,266 | 186,154 | 175,629 | 165,698 | 191,579 | 870,111 |
total long term liabilities | 12,670,214 | 18,307,272 | 18,237,864 | 15,517,932 | 14,723,108 | 36,666,863 | 24,844,802 | 31,636,493 | 32,156,736 | 21,942,346 | 36,010,492 | 45,181,742 | 43,598,071 | 44,938,620 |
total liabilities | 16,645,464 | 23,164,462 | 22,322,358 | 19,010,705 | 18,029,235 | 40,090,498 | 35,040,214 | 38,990,332 | 37,994,580 | 25,698,383 | 38,175,068 | 47,800,995 | 47,052,359 | 47,088,205 |
net assets | 2,678,144 | -2,064,522 | -7,049,764 | -1,905,512 | 393,000 | -18,661,198 | -12,186,357 | -13,864,465 | -10,555,393 | 7,103,107 | -3,784,073 | -10,379,865 | -8,064,844 | -6,202,042 |
total shareholders funds | 2,678,144 | -2,064,522 | -7,049,764 | -1,905,512 | 393,000 | -18,661,198 | -12,186,357 | -13,864,465 | -10,555,393 | 7,103,107 | -3,784,073 | -10,379,865 | -8,064,844 | -6,202,042 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | May 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 6,056,758 | 6,624,638 | -3,761,985 | -1,032,424 | -707,807 | -3,325,388 | -4,862,487 | -499,103 | -1,384,725 | 975,387 | -526,170 | 1,774,527 | 2,195,390 | 3,185,144 |
Depreciation | 1,558,471 | 1,293,700 | 1,436,501 | 1,334,783 | 1,590,535 | 1,600,974 | 1,723,830 | 1,809,556 | 3,066,793 | 1,645,453 | 1,480,454 | 1,473,171 | 1,410,792 | 1,346,328 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 532,245 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 152,564 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -398,682 | -395,638 | 93,924 |
Stock | -1,865 | 187,506 | -100,135 | 21,559 | 95,761 | 11,038 | -79,118 | -2,707 | 94,515 | 145,261 | -78,709 | 80,876 | -2,587 | 115,063 |
Debtors | -2,391,719 | 3,775,839 | 155,496 | 435,615 | -2,822,448 | 1,570,241 | 1,190,381 | -367,912 | 1,775,902 | -256,386 | -577,050 | -152,248 | -3,222,773 | 7,256,098 |
Creditors | 560,874 | -389,229 | 648,302 | 234,986 | 203,545 | -591,198 | 680,660 | -1,220,009 | 2,041,846 | -79,563 | -74,796 | -993,492 | 1,142,372 | 547,763 |
Accruals and Deferred Income | -1,052,846 | 1,161,926 | -206,582 | -48,340 | -1,589,478 | 538,694 | -9,086,146 | 475,426 | 10,245,110 | 714,493 | -11,978,392 | -157,089 | -475,244 | 13,099,073 |
Deferred Taxes & Provisions | 16,768 | 16,767 | 16,057 | 13,904 | 15,536 | 13,672 | 12,533 | 12,003 | 200,266 | 10,525 | 9,931 | -25,881 | -678,532 | 870,111 |
Cash flow from operations | 9,686,173 | 4,744,457 | -1,923,068 | 45,735 | 2,239,018 | -3,344,525 | -12,642,873 | 1,480,737 | 12,298,873 | 3,377,420 | -10,433,214 | 1,743,926 | 6,424,500 | 11,771,182 |
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -116,971 | -228,543 | -50,521 | -1,583,519 | -1,507,833 | |||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 1 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | -116,970 | -228,543 | -50,522 | -1,583,519 | -1,507,833 | |||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | -339,252 | -6,719,273 | 2,442,835 | 1,728,333 | 2,887,357 | 956,531 | 0 | -214,190 | 105,439 | 1,163,132 |
Other Short Term Loans | -389,968 | -1 | 150,001 | 0 | 1,607,677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -5,653,826 | 52,641 | 2,703,875 | 780,920 | -21,959,291 | 13,808,389 | 0 | -1 | 22,620,001 | -14,078,671 | 2,417,330 | 2,139,288 | -129,881 | 31,408,126 |
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 | -2,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -1,466,656 | -1,639,396 | -1,382,267 | -1,266,088 | -4,026,834 | -3,149,453 | -2,795,874 | -2,809,969 | -3,457,902 | -3,869,263 | -3,944,303 | -3,690,866 | -3,662,554 | -3,741,728 |
cash flow from financing | -7,510,450 | -1,586,756 | 1,471,609 | -485,168 | -928,861 | 1,939,663 | 10,983,430 | -1,081,637 | 16,336,690 | -3,074,847 | 9,539,292 | -1,765,768 | -3,686,996 | 23,090,148 |
cash and cash equivalents | ||||||||||||||
cash | -467,719 | 2,842,839 | -585,224 | -826,837 | 306,398 | 1,772,134 | -459,361 | -250,116 | 1,178,243 | 164,279 | -1,122,465 | -72,364 | 1,153,985 | 1,109,511 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -467,719 | 2,842,839 | -585,224 | -826,837 | 306,398 | 1,772,134 | -459,361 | -250,116 | 1,178,243 | 164,279 | -1,122,465 | -72,364 | 1,153,985 | 1,109,511 |
western bio-energy ltd Credit Report and Business Information
Western Bio-energy Ltd Competitor Analysis
Perform a competitor analysis for western bio-energy ltd by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in SA13 area or any other competitors across 12 key performance metrics.
western bio-energy ltd Ownership
WESTERN BIO-ENERGY LTD group structure
Western Bio-Energy Ltd has 2 subsidiary companies.
Ultimate parent company
GAIA LP
#0075772
1 parent
WESTERN BIO-ENERGY LTD
04622111
2 subsidiaries
western bio-energy ltd directors
Western Bio-Energy Ltd currently has 2 directors. The longest serving directors include Ms Divya Seshamani (Sep 2013) and Mr Barry Collins (Dec 2021).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Divya Seshamani | 46 years | Sep 2013 | - | Director | |
Mr Barry Collins | England | 45 years | Dec 2021 | - | Director |
P&L
March 2023turnover
19.5m
+6%
operating profit
6.1m
-9%
gross margin
41.9%
+1.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.7m
-2.3%
total assets
19.3m
-0.08%
cash
3.5m
-0.12%
net assets
Total assets minus all liabilities
western bio-energy ltd company details
company number
04622111
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
December 2002
age
23
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
CROWE U K LLP
address
c/o western wood energy plant, longland lane, port talbot, SA13 2NR
Bank
BARCLAYS BANK PLC
Legal Advisor
-
western bio-energy 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 found 7 charges/mortgages relating to western bio-energy ltd. Currently there are 1 open charges and 6 have been satisfied in the past.
western bio-energy 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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western bio-energy ltd Companies House Filings - See Documents
date | description | view/download |
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