western bio-energy ltd

western bio-energy ltd Company Information

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Company Number

04622111

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

£32.2m

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

£38.7m

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

£7.2m

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

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

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

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

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

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

Employees

with 23 employees, this is above the industry average (3)

23 - Western Bio-energy Ltd

3 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £847k, this is more efficient (£404.5k)

£847k - Western Bio-energy Ltd

£404.5k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020May 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover19,480,47418,430,3902,083,17910,356,48110,705,31111,267,4138,923,16810,871,21212,811,38610,854,9738,014,38310,975,22410,997,13611,676,341
Other Income Or Grants00000000000000
Cost Of Sales11,327,04010,801,8794,646,37910,690,27110,773,04710,507,48110,736,03911,118,53613,969,86010,583,7499,455,7958,698,6568,210,8378,368,562
Gross Profit8,153,4347,628,511-2,563,200-333,790-67,736759,932-1,812,871-247,324-1,158,474271,224-1,441,4122,276,5682,786,2993,307,779
Admin Expenses2,096,6761,003,8731,198,785698,634640,0714,085,3203,049,616251,779226,251-704,163-915,242502,041590,909122,635
Operating Profit6,056,7586,624,638-3,761,985-1,032,424-707,807-3,325,388-4,862,487-499,103-1,384,725975,387-526,1701,774,5272,195,3903,185,144
Interest Payable1,466,6561,639,3961,382,2671,266,0884,026,8343,149,4532,795,8742,809,9693,457,9023,870,1883,944,3583,690,8663,662,5543,746,879
Interest Receivable00000000092555005,151
Pre-Tax Profit4,590,1024,985,242-5,144,252-2,298,512-4,734,641-6,474,841-7,658,361-3,309,072-4,842,627-3,029,376-4,470,473-1,916,339-1,467,164-556,584
Tax152,5640000000000-398,682-395,63893,924
Profit After Tax4,742,6664,985,242-5,144,252-2,298,512-4,734,641-6,474,841-7,658,361-3,309,072-4,842,627-3,029,376-4,470,473-2,315,021-1,862,802-462,660
Dividends Paid00000000000000
Retained Profit4,742,6664,985,242-5,144,252-2,298,512-4,734,641-6,474,841-7,658,361-3,309,072-4,842,627-3,029,376-4,470,473-2,315,021-1,862,802-462,660
Employee Costs2,202,3571,045,103309,942374,440455,026356,36380,390000001,507,3990
Number Of Employees23175871293240261722260
EBITDA*7,615,2297,918,338-2,325,484302,359882,728-1,724,414-3,138,6571,842,6981,682,0682,620,840954,2843,247,6983,606,1824,531,472

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020May 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets12,265,30211,180,33112,159,16913,461,90514,409,28414,996,06019,774,03022,697,94224,390,52628,260,99829,903,65731,155,56832,578,21832,405,491
Intangible Assets00000000000000
Investments & Other00000000111100
Debtors (Due After 1 year)000000000000398,682794,320
Total Fixed Assets12,265,30211,180,33112,159,16913,461,90514,409,28414,996,06019,774,03022,697,94224,390,52728,260,99929,903,65831,155,56932,976,90033,199,811
Stock & work in progress226,554228,41940,913141,048119,48923,72812,69091,80894,515259,904114,643193,352112,476115,063
Trade Debtors93,4024,675,285384,722173,381498,5962,737,8791,734,9121,118,0081,172,6282,581,9752,641,100000
Group Debtors00000641,485416,648000257,804218,76767,3673,031,304
Misc Debtors3,227,9931,037,8291,552,5531,608,398847,568789,248446,811289,982603,274465,666405,1233,662,3103,567,2763,430,474
Cash3,510,3573,978,0761,135,2371,720,4612,547,2982,240,900468,766928,1271,178,2431,232,9461,068,6672,191,1322,263,4961,109,511
misc current assets00000000000000
total current assets7,058,3069,919,6093,113,4253,643,2884,012,9516,433,2403,079,8272,427,9253,048,6604,540,4914,487,3376,265,5616,010,6157,686,352
total assets19,323,60821,099,94015,272,59417,105,19318,422,23521,429,30022,853,85725,125,86727,439,18732,801,49034,390,99537,421,13038,987,51540,886,163
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 2,169,7771,608,9031,998,1321,349,8301,114,844911,2991,502,497821,8372,041,846542,284621,847696,6431,690,135547,763
Group/Directors Accounts00000339,2527,058,5254,615,6902,887,3572,010,9121,054,3811,054,3811,268,5711,163,132
other short term finances1,367,7091,757,6771,757,6781,607,6771,607,677000000000
hp & lease commitments00000000000000
other current liabilities437,7641,490,610328,684535,266583,6062,173,0841,634,3901,916,312908,6411,202,841488,348868,229495,582438,690
total current liabilities3,975,2504,857,1904,084,4943,492,7733,306,1273,423,63510,195,4127,353,8395,837,8443,756,0372,164,5762,619,2533,454,2882,149,585
loans12,352,70818,006,53417,953,89315,250,01814,469,09836,428,38922,620,00022,620,00022,620,00121,756,19235,834,86333,417,53331,278,24531,408,126
hp & lease commitments00000000000000
Accruals and Deferred Income00000008,804,2249,336,4690011,598,51112,128,24712,660,383
other liabilities0000002,000,0000000000
provisions317,506300,738283,971267,914254,010238,474224,802212,269200,266186,154175,629165,698191,579870,111
total long term liabilities12,670,21418,307,27218,237,86415,517,93214,723,10836,666,86324,844,80231,636,49332,156,73621,942,34636,010,49245,181,74243,598,07144,938,620
total liabilities16,645,46423,164,46222,322,35819,010,70518,029,23540,090,49835,040,21438,990,33237,994,58025,698,38338,175,06847,800,99547,052,35947,088,205
net assets2,678,144-2,064,522-7,049,764-1,905,512393,000-18,661,198-12,186,357-13,864,465-10,555,3937,103,107-3,784,073-10,379,865-8,064,844-6,202,042
total shareholders funds2,678,144-2,064,522-7,049,764-1,905,512393,000-18,661,198-12,186,357-13,864,465-10,555,3937,103,107-3,784,073-10,379,865-8,064,844-6,202,042
Mar 2023Mar 2022Mar 2021Mar 2020May 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit6,056,7586,624,638-3,761,985-1,032,424-707,807-3,325,388-4,862,487-499,103-1,384,725975,387-526,1701,774,5272,195,3903,185,144
Depreciation1,558,4711,293,7001,436,5011,334,7831,590,5351,600,9741,723,8301,809,5563,066,7931,645,4531,480,4541,473,1711,410,7921,346,328
Amortisation0000000532,245000000
Tax152,5640000000000-398,682-395,63893,924
Stock-1,865187,506-100,13521,55995,76111,038-79,118-2,70794,515145,261-78,70980,876-2,587115,063
Debtors-2,391,7193,775,839155,496435,615-2,822,4481,570,2411,190,381-367,9121,775,902-256,386-577,050-152,248-3,222,7737,256,098
Creditors560,874-389,229648,302234,986203,545-591,198680,660-1,220,0092,041,846-79,563-74,796-993,4921,142,372547,763
Accruals and Deferred Income-1,052,8461,161,926-206,582-48,340-1,589,478538,694-9,086,146475,42610,245,110714,493-11,978,392-157,089-475,24413,099,073
Deferred Taxes & Provisions16,76816,76716,05713,90415,53613,67212,53312,003200,26610,5259,931-25,881-678,532870,111
Cash flow from operations9,686,1734,744,457-1,923,06845,7352,239,018-3,344,525-12,642,8731,480,73712,298,8733,377,420-10,433,2141,743,9266,424,50011,771,182
Investing Activities
capital expenditure0000001,200,082-116,971-27,457,319-2,794-228,543-50,521-1,583,519-1,507,833
Change in Investments0000000-1100100
cash flow from investments0000001,200,082-116,970-27,457,320-2,794-228,543-50,522-1,583,519-1,507,833
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000-339,252-6,719,2732,442,8351,728,3332,887,357956,5310-214,190105,4391,163,132
Other Short Term Loans -389,968-1150,00101,607,677000000000
Long term loans-5,653,82652,6412,703,875780,920-21,959,29113,808,3890-122,620,001-14,078,6712,417,3302,139,288-129,88131,408,126
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000-2,000,0002,000,0000000000
share issue000023,788,83909,336,4690-5,712,76613,916,55611,066,26500-5,739,382
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-7,510,450-1,586,7561,471,609-485,168-928,8611,939,66310,983,430-1,081,63716,336,690-3,074,8479,539,292-1,765,768-3,686,99623,090,148
cash and cash equivalents
cash-467,7192,842,839-585,224-826,837306,3981,772,134-459,361-250,1161,178,243164,279-1,122,465-72,3641,153,9851,109,511
overdraft00000000000000
change in cash-467,7192,842,839-585,224-826,837306,3981,772,134-459,361-250,1161,178,243164,279-1,122,465-72,3641,153,9851,109,511

western bio-energy ltd Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Western Bio-energy Ltd Competitor Analysis

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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 Shareholders

gaia l.p. 100%

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).

officercountryagestartendrole
Ms Divya Seshamani46 years Sep 2013- Director
Mr Barry CollinsEngland45 years Dec 2021- Director

P&L

March 2023

turnover

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 2023

net 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

GAIA LP

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

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