We Clean Limited

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we clean limited Company Information

Live

MatureMidLow

Company Number

04707623

Website

www.wecleanltd.com

Registered Address

rubery house, the avenue rubery, birmingham, west midlands, B45 9AL

Industry

Building and industrial cleaning activities (other than window cleaning, specialised cleaning and furnace and chimney cleaning services) n.e.c.

Telephone

01214536191

Next Accounts Due

April 2025

Group Structure

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Directors

David Harker21 Years

Paul Concannon20 Years

Shareholders

paul spencer concannon 23%

david john harker 23%

View All

we clean limited Estimated Valuation

£499.9k - £7.1m

The estimated valuation range for we clean limited, derived from financial data as of July 2023 and the most recent industry multiples, is between £499.9k to £7.1m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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We Clean Limited is a live company located in birmingham, B45 9AL with a Companies House number of 04707623. It operates in the other building and industrial cleaning activities sector, SIC Code 81229. Founded in March 2003, it's largest shareholder is paul spencer concannon with a 23% stake. We Clean Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.3m with low growth in recent years.

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Pomanda's financial health check has awarded We Clean Limited a 3.5 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 Rating3.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £12.3m, make it larger than the average company (£222.6k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WE CLEAN LIMITED group structure

We Clean Limited has no subsidiary companies.

Ultimate parent company

WE CLEAN LIMITED

04707623

WE CLEAN LIMITED Shareholders

paul spencer concannon	23%
david john harker	23%
mirella harker	22%
kirsty concannon	22%
spephen rawlings	5%
timothy martin byng	5%

We Clean Limited currently has 2 directors. The longest serving directors include Mr David Harker (Mar 2003) and Mr Paul Concannon (Jul 2003).

officer	country	age	start	end	role
Mr David Harker		65 years	Mar 2003	-	Director
Mr Paul Concannon	United Kingdom	53 years	Jul 2003	-	Director

EXPORT

We Clean Limited's latest turnover from July 2023 is estimated at £12.3 million and the company has net assets of £711.1 thousand. According to their latest financial statements, We Clean Limited has 579 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	12,275,278	9,991,460	9,614,917	11,017,466	12,945,445	7,972,732	7,170,904	2,909,320	3,299,657	2,633,019	2,332,531	2,166,264	2,307,108	1,954,070	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,370,629	6,517,283	5,621,735	7,114,926	8,406,984	4,715,396	4,236,506	1,753,582	2,189,878	1,288,312	1,172,927	1,121,626	1,231,706	1,112,759	0
Gross Profit	5,904,649	3,474,177	3,993,182	3,902,541	4,538,461	3,257,336	2,934,398	1,155,738	1,109,779	1,344,707	1,159,605	1,044,638	1,075,402	841,311	0
Admin Expenses	5,895,316	3,413,587	3,743,930	3,819,121	4,527,334	3,259,435	2,965,456	1,154,546	1,116,386	1,347,022	1,149,101	1,017,970	1,049,902	802,526	-376,055
Operating Profit	9,333	60,590	249,252	83,420	11,127	-2,099	-31,058	1,192	-6,607	-2,315	10,504	26,668	25,500	38,785	376,055
Interest Payable	0	1,813	1,525	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	57,705	13,336	1,008	779	3,949	2,195	1,145	2,109	2,054	2,207	2,374	2,194	1,947	1,482	485
Pre-Tax Profit	67,039	72,114	248,735	84,199	15,077	96	-29,913	3,301	-4,553	-108	12,878	28,862	27,447	40,267	376,540
Tax	-16,760	-13,702	-47,260	-15,998	-2,865	-18	0	-660	0	0	-2,962	-6,927	-7,136	-11,275	-105,431
Profit After Tax	50,279	58,412	201,475	68,201	12,212	78	-29,913	2,641	-4,553	-108	9,916	21,935	20,311	28,992	271,109
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	50,279	58,412	201,475	68,201	12,212	78	-29,913	2,641	-4,553	-108	9,916	21,935	20,311	28,992	271,109
Employee Costs	8,089,499	9,067,231	10,033,494	9,388,326	11,503,161	7,738,895	5,791,236	2,774,972	1,233,125	809,662	1,136,735	1,130,140	1,262,405	1,206,702	0
Number Of Employees	579	550	513	545	534	444	396	85	50	51	41	36	36	45	0
EBITDA*	141,071	184,512	344,171	162,624	76,272	62,098	42,725	76,834	61,987	47,094	52,817	72,304	72,129	80,689	415,680

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	340,392	256,602	296,193	204,861	175,672	108,057	129,594	144,989	175,524	176,194	86,241	76,375	87,916	112,186	102,058
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	4,526	3,429	857	0	0	0	0	0	0	0	0
Total Fixed Assets	340,392	256,602	296,193	204,861	180,198	111,486	130,451	144,989	175,524	176,194	86,241	76,375	87,916	112,186	102,058
Stock & work in progress	19,246	14,983	12,675	15,628	14,023	12,928	11,273	13,845	12,762	4,654	4,310	4,104	4,215	3,425	3,200
Trade Debtors	919,822	795,126	698,771	562,050	718,315	686,592	503,737	434,775	455,912	348,508	329,835	269,452	359,135	224,133	202,169
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	21,598	215,983	384,652	371,481	29,299	21,632	22,030	17,541	0	0	0	0	0	0	0
Cash	1,270,955	1,037,255	1,096,543	919,580	638,353	414,842	463,152	452,702	391,017	430,462	452,312	497,211	380,260	398,690	193,943
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,231,621	2,063,347	2,192,641	1,868,739	1,399,990	1,135,994	1,000,192	918,863	859,691	783,624	786,457	770,767	743,610	626,248	399,312
total assets	2,572,013	2,319,949	2,488,834	2,073,600	1,580,188	1,247,480	1,130,643	1,063,852	1,035,215	959,818	872,698	847,142	831,526	738,434	501,370
Bank overdraft	0	0	9,167	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	0
Trade Creditors	504,528	427,841	454,993	354,329	495,364	335,061	305,400	209,122	587,997	489,851	474,990	477,453	476,355	399,367	197,005
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	25,525	0	40,456	43,824	19,879	13,133	14,144	0	0
other current liabilities	1,270,733	1,143,597	1,237,336	1,231,658	685,170	565,857	444,253	476,149	0	0	0	0	0	0	0
total current liabilities	1,775,261	1,571,438	1,701,496	1,585,987	1,180,534	900,918	775,178	685,271	628,453	533,675	494,869	490,586	490,499	399,367	197,005
loans	0	0	40,833	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	22,919	11,979	38,997	51,999	16,706	6,795	10,322	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	34,686	54,637	91,953	58,762	41,258	15,922	0	0	0	0	0	0	0	25,132	22,279
provisions	50,979	33,066	52,156	27,930	25,676	10,132	12,116	16,259	20,063	21,889	8,760	7,314	10,193	13,734	10,877
total long term liabilities	85,665	87,703	184,942	86,692	66,934	26,054	35,035	28,238	59,060	73,888	25,466	14,109	20,515	38,866	33,156
total liabilities	1,860,926	1,659,141	1,886,438	1,672,679	1,247,468	926,972	810,213	713,509	687,513	607,563	520,335	504,695	511,014	438,233	230,161
net assets	711,087	660,808	602,396	400,921	332,720	320,508	320,430	350,343	347,702	352,255	352,363	342,447	320,512	300,201	271,209
total shareholders funds	711,087	660,808	602,396	400,921	332,720	320,508	320,430	350,343	347,702	352,255	352,363	342,447	320,512	300,201	271,209

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	9,333	60,590	249,252	83,420	11,127	-2,099	-31,058	1,192	-6,607	-2,315	10,504	26,668	25,500	38,785	376,055
Depreciation	131,738	123,922	94,919	79,204	65,145	64,197	73,783	75,642	68,594	49,409	42,313	45,636	46,629	41,904	39,625
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-16,760	-13,702	-47,260	-15,998	-2,865	-18	0	-660	0	0	-2,962	-6,927	-7,136	-11,275	-105,431
Stock	4,263	2,308	-2,953	1,605	1,095	1,655	-2,572	1,083	8,108	344	206	-111	790	225	3,200
Debtors	-69,689	-72,314	149,892	181,391	40,487	185,029	74,308	-3,596	107,404	18,673	60,383	-89,683	135,002	21,964	202,169
Creditors	76,687	-27,152	100,664	-141,035	160,303	29,661	96,278	-378,875	98,146	14,861	-2,463	1,098	76,988	202,362	197,005
Accruals and Deferred Income	127,136	-93,739	5,678	546,488	119,313	121,604	-31,896	476,149	0	0	0	0	0	0	0
Deferred Taxes & Provisions	17,913	-19,090	24,226	2,254	15,544	-1,984	-4,143	-3,804	-1,826	13,129	1,446	-2,879	-3,541	2,857	10,877
Cash flow from operations	411,473	100,835	280,540	371,337	326,985	24,677	31,228	172,157	42,795	56,067	-11,751	153,390	2,648	252,444	312,762
Investing Activities
capital expenditure	-215,528	-84,331	-186,251	-108,393	-132,760	-42,660	-58,388	-45,107	-67,924	-139,362	-52,179	-34,095	-22,359	-52,032	-141,683
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-215,528	-84,331	-186,251	-108,393	-132,760	-42,660	-58,388	-45,107	-67,924	-139,362	-52,179	-34,095	-22,359	-52,032	-141,683
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-40,833	40,833	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-48,444	36,465	-67,474	-16,370	59,238	16,657	-4,538	24,466	0	0
other long term liabilities	-19,951	-37,316	33,191	17,504	25,336	15,922	0	0	0	0	0	0	-25,132	2,853	22,279
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	57,705	11,523	-517	779	3,949	2,195	1,145	2,109	2,054	2,207	2,374	2,194	1,947	1,482	485
cash flow from financing	37,754	-66,626	73,507	18,283	29,285	-30,327	37,610	-65,365	-14,316	61,445	19,031	-2,344	1,281	4,335	22,864
cash and cash equivalents
cash	233,700	-59,288	176,963	281,227	223,511	-48,310	10,450	61,685	-39,445	-21,850	-44,899	116,951	-18,430	204,747	193,943
overdraft	0	-9,167	9,167	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	233,700	-50,121	167,796	281,227	223,511	-48,310	10,450	61,685	-39,445	-21,850	-44,899	116,951	-18,430	204,747	193,943

P&L

July 2023

turnover

12.3m

+23%

operating profit

9.3k

gross margin

48.2%

+38.34%

turnover

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

Balance Sheet

July 2023

net assets

711.1k

+0.08%

total assets

2.6m

+0.11%

cash

1.3m

+0.23%

net assets

Total assets minus all liabilities

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company number

04707623

Type

Private limited with Share Capital

industry

81229 - Building and industrial cleaning activities (other than window cleaning, specialised cleaning and furnace and chimney cleaning services) n.e.c.

incorporation date

March 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

rubery house, the avenue rubery, birmingham, west midlands, B45 9AL

last accounts submitted

July 2023

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 we clean limited.

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