wales & west gas networks (holdings) limitedEstimated Valuation
£607.2m
Pomanda estimates the enterprise value of WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED at £607.2m based on a Turnover of £564.1m and 1.08x industry multiple (adjusted for size and gross margin).
wales & west gas networks (holdings) limitedEstimated Valuation
£3.1b
Pomanda estimates the enterprise value of WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED at £3.1b based on an EBITDA of £378.6m and a 8.24x industry multiple (adjusted for size and gross margin).
wales & west gas networks (holdings) limitedEstimated Valuation
£731.8m
Pomanda estimates the enterprise value of WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED at £731.8m based on Net Assets of £367.9m and 1.99x industry multiple (adjusted for liquidity).
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Wales & West Gas Networks (holdings) LimitedOverview
Wales & West Gas Networks (holdings) Limited is a live company located in coedkernew, NP10 8FZ with a Companies House number of 05095454. It operates in the activities of head offices sector, SIC Code 70100. Founded in April 2004, it's largest shareholder is
western gas networks limited
with a 50% stake. Wales & West Gas Networks (holdings) Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£564.1m with
healthy
growth in recent years.
Wales & West Gas Networks (holdings) Limited Health Check
Pomanda's financial health check has awarded Wales & West Gas Networks (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £564.1m, make it larger than the average company (£20.1m)
£564.1m - Wales & West Gas Networks (holdings) Limited
£20.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.9%)
7% - Wales & West Gas Networks (holdings) Limited
8.9% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
33.2% - Wales & West Gas Networks (holdings) Limited
33.2% - Industry AVG
Profitability
an operating margin of 49.5% make it more profitable than the average company (5.7%)
49.5% - Wales & West Gas Networks (holdings) Limited
5.7% - Industry AVG
Employees
with 1915 employees, this is above the industry average (113)
1915 - Wales & West Gas Networks (holdings) Limited
113 - Industry AVG
Pay Structure
on an average salary of £63.7k, the company has a higher pay structure (£48.8k)
£63.7k - Wales & West Gas Networks (holdings) Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £294.6k, this is more efficient (£196k)
£294.6k - Wales & West Gas Networks (holdings) Limited
£196k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (44 days)
1 days - Wales & West Gas Networks (holdings) Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (42 days)
14 days - Wales & West Gas Networks (holdings) Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (45 days)
4 days - Wales & West Gas Networks (holdings) Limited
45 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 52 weeks, this is more cash available to meet short term requirements (16 weeks)
52 weeks - Wales & West Gas Networks (holdings) Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.1%, this is a higher level of debt than the average (54.9%)
90.1% - Wales & West Gas Networks (holdings) Limited
54.9% - Industry AVG
WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED financials
EXPORT
Wales & West Gas Networks (Holdings) Limited's latest turnover from March 2024 is £564.1 million and the company has net assets of £367.9 million. According to their latest financial statements, Wales & West Gas Networks (Holdings) Limited has 1,915 employees and maintains cash reserves of £364.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Dec 2014
Dec 2013
Dec 2012
Mar 2012
Mar 2011
Mar 2010
Turnover
564,100,000
518,300,000
462,900,000
454,800,000
491,800,000
444,400,000
425,200,000
433,900,000
529,700,000
417,300,000
406,300,000
277,000,000
350,900,000
312,800,000
314,100,000
Other Income Or Grants
Cost Of Sales
377,010,265
346,687,474
312,527,153
311,075,850
331,892,168
301,022,403
289,618,475
294,561,580
360,004,513
288,980,018
282,400,919
192,838,931
245,152,351
217,285,113
217,500,707
Gross Profit
187,089,735
171,612,526
150,372,847
143,724,150
159,907,832
143,377,597
135,581,525
139,338,420
169,695,487
128,319,982
123,899,081
84,161,069
105,747,649
95,514,887
96,599,293
Admin Expenses
-92,010,265
-56,287,474
-15,527,153
-28,275,850
-62,992,168
-29,522,403
-17,818,475
-44,061,580
-60,804,513
-2,180,018
-2,800,919
46,361,069
43,347,649
47,514,887
48,799,293
Operating Profit
279,100,000
227,900,000
165,900,000
172,000,000
222,900,000
172,900,000
153,400,000
183,400,000
230,500,000
130,500,000
126,700,000
37,800,000
62,400,000
48,000,000
47,800,000
Interest Payable
122,500,000
141,500,000
122,300,000
127,800,000
135,400,000
145,300,000
86,700,000
88,500,000
106,500,000
119,300,000
131,400,000
95,000,000
151,500,000
132,600,000
91,600,000
Interest Receivable
16,400,000
5,100,000
4,800,000
3,500,000
2,900,000
1,500,000
400,000
700,000
1,800,000
26,300,000
25,900,000
21,400,000
23,800,000
21,700,000
17,500,000
Pre-Tax Profit
225,800,000
263,100,000
-176,900,000
40,800,000
70,300,000
-66,000,000
99,500,000
-87,100,000
130,600,000
37,500,000
21,200,000
-35,800,000
-63,400,000
-62,800,000
-26,100,000
Tax
-56,500,000
-69,900,000
-59,600,000
-17,600,000
-45,900,000
-21,900,000
46,800,000
-700,000
700,000
1,400,000
500,000
300,000
300,000
200,000
Profit After Tax
169,300,000
193,200,000
-236,500,000
23,200,000
24,400,000
-66,000,000
77,600,000
-40,300,000
129,900,000
38,200,000
22,600,000
-35,300,000
-63,100,000
-62,500,000
-25,900,000
Dividends Paid
542,800,000
44,600,000
44,400,000
44,400,000
43,500,000
41,900,000
16,400,000
30,200,000
8,600,000
Retained Profit
169,300,000
193,200,000
-236,500,000
23,200,000
24,400,000
-608,800,000
33,000,000
-84,700,000
85,500,000
-5,300,000
-19,300,000
-51,700,000
-93,300,000
-71,100,000
-25,900,000
Employee Costs
121,900,000
110,600,000
98,400,000
92,200,000
92,500,000
85,800,000
81,300,000
80,200,000
96,900,000
74,000,000
90,600,000
57,800,000
71,300,000
68,700,000
66,600,000
Number Of Employees
1,915
1,861
1,735
1,601
1,590
1,499
1,406
1,381
1,337
1,321
1,364
1,451
1,463
1,449
1,453
EBITDA*
378,600,000
315,700,000
253,800,000
254,600,000
313,400,000
265,300,000
243,000,000
271,800,000
306,100,000
192,300,000
182,500,000
93,800,000
137,100,000
120,100,000
121,500,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Dec 2014
Dec 2013
Dec 2012
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
3,042,600,000
2,876,700,000
2,767,400,000
2,708,600,000
2,641,400,000
2,581,800,000
2,522,500,000
2,480,200,000
2,419,200,000
1,356,000,000
1,365,300,000
1,350,900,000
1,350,900,000
1,359,200,000
1,361,100,000
Intangible Assets
186,700,000
187,900,000
189,500,000
183,300,000
177,200,000
179,200,000
183,100,000
189,100,000
196,400,000
Investments & Other
100,000
100,000
76,500,000
100,000
42,500,000
100,000
100,000
42,600,000
41,100,000
100,000
100,000
100,000
100,000
100,000
100,000
Debtors (Due After 1 year)
51,100,000
40,500,000
34,700,000
48,700,000
32,200,000
32,900,000
Total Fixed Assets
3,280,500,000
3,105,200,000
3,068,100,000
2,940,700,000
2,861,100,000
2,793,300,000
2,738,600,000
2,711,900,000
2,656,700,000
1,356,100,000
1,365,400,000
1,351,000,000
1,351,000,000
1,359,300,000
1,361,200,000
Stock & work in progress
4,300,000
4,200,000
4,100,000
3,800,000
3,600,000
3,100,000
3,000,000
3,100,000
3,400,000
3,500,000
3,600,000
3,100,000
4,700,000
6,400,000
3,700,000
Trade Debtors
1,600,000
2,500,000
2,100,000
2,800,000
49,200,000
37,200,000
41,700,000
40,900,000
39,400,000
39,800,000
38,100,000
34,800,000
31,900,000
29,400,000
31,200,000
Group Debtors
Misc Debtors
59,600,000
56,400,000
45,600,000
52,000,000
6,000,000
3,300,000
2,400,000
4,200,000
5,300,000
4,800,000
9,300,000
12,600,000
12,600,000
9,600,000
3,300,000
Cash
364,900,000
199,400,000
282,800,000
433,600,000
392,400,000
170,700,000
681,500,000
71,000,000
38,300,000
42,400,000
41,200,000
32,600,000
48,400,000
14,200,000
38,900,000
misc current assets
53,800,000
100,000,000
150,000,000
150,000,000
total current assets
430,400,000
262,500,000
334,600,000
492,200,000
505,000,000
214,300,000
728,600,000
119,200,000
186,400,000
90,500,000
92,200,000
233,100,000
247,600,000
59,600,000
77,100,000
total assets
3,710,900,000
3,367,700,000
3,402,700,000
3,432,900,000
3,366,100,000
3,007,600,000
3,467,200,000
2,831,100,000
2,843,100,000
1,446,600,000
1,457,600,000
1,584,100,000
1,598,600,000
1,418,900,000
1,438,300,000
Bank overdraft
Bank loan
199,700,000
Trade Creditors
15,200,000
9,500,000
14,900,000
3,800,000
11,500,000
7,200,000
6,500,000
6,700,000
5,400,000
9,000,000
8,700,000
14,000,000
15,100,000
11,900,000
10,800,000
Group/Directors Accounts
800,000
800,000
800,000
800,000
6,100,000
5,400,000
5,400,000
3,700,000
3,700,000
5,400,000
other short term finances
149,900,000
50,000,000
150,000,000
96,800,000
hp & lease commitments
700,000
700,000
700,000
600,000
600,000
700,000
1,000,000
1,100,000
900,000
other current liabilities
345,100,000
283,400,000
130,600,000
183,100,000
103,300,000
97,700,000
148,500,000
78,800,000
93,600,000
102,900,000
93,800,000
206,400,000
181,500,000
90,100,000
97,300,000
total current liabilities
361,000,000
444,300,000
197,000,000
338,300,000
116,200,000
105,600,000
258,900,000
92,000,000
305,000,000
115,600,000
106,200,000
225,800,000
196,600,000
102,000,000
108,100,000
loans
1,966,700,000
2,343,900,000
2,452,900,000
2,424,900,000
2,566,000,000
2,353,900,000
2,119,500,000
1,583,100,000
1,428,300,000
1,463,600,000
1,499,700,000
1,514,800,000
1,490,700,000
1,247,400,000
1,238,500,000
hp & lease commitments
2,300,000
2,200,000
900,000
600,000
800,000
600,000
1,200,000
1,900,000
1,200,000
Accruals and Deferred Income
25,500,000
600,000
500,000
600,000
800,000
1,300,000
other liabilities
532,100,000
836,500,000
1,166,700,000
966,200,000
977,400,000
936,500,000
874,500,000
952,600,000
782,300,000
165,700,000
128,300,000
84,700,000
81,200,000
124,600,000
65,200,000
provisions
456,200,000
426,200,000
398,600,000
305,600,000
293,600,000
243,200,000
236,400,000
211,800,000
253,900,000
31,400,000
36,400,000
40,000,000
47,800,000
54,000,000
57,200,000
total long term liabilities
2,982,000,000
3,613,500,000
4,019,100,000
3,714,300,000
3,837,800,000
3,537,900,000
3,243,100,000
2,829,800,000
2,543,500,000
1,731,700,000
1,716,300,000
1,676,900,000
1,652,400,000
1,452,400,000
1,426,300,000
total liabilities
3,343,000,000
4,057,800,000
4,216,100,000
4,052,600,000
3,954,000,000
3,643,500,000
3,502,000,000
2,921,800,000
2,848,500,000
1,847,300,000
1,822,500,000
1,902,700,000
1,849,000,000
1,554,400,000
1,534,400,000
net assets
367,900,000
-690,100,000
-813,400,000
-619,700,000
-587,900,000
-635,900,000
-34,800,000
-90,700,000
-5,400,000
-400,700,000
-364,900,000
-318,600,000
-250,400,000
-135,500,000
-96,100,000
total shareholders funds
367,900,000
-690,100,000
-813,400,000
-619,700,000
-587,900,000
-635,900,000
-34,800,000
-90,700,000
-5,400,000
-400,700,000
-364,900,000
-318,600,000
-250,400,000
-135,500,000
-96,100,000
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Dec 2014
Dec 2013
Dec 2012
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
279,100,000
227,900,000
165,900,000
172,000,000
222,900,000
172,900,000
153,400,000
183,400,000
230,500,000
130,500,000
126,700,000
37,800,000
62,400,000
48,000,000
47,800,000
Depreciation
87,400,000
79,700,000
77,900,000
73,900,000
79,800,000
79,600,000
75,600,000
74,800,000
75,600,000
61,800,000
55,800,000
56,000,000
74,700,000
72,100,000
73,700,000
Amortisation
12,100,000
8,100,000
10,000,000
8,700,000
10,700,000
12,800,000
14,000,000
13,600,000
Tax
-56,500,000
-69,900,000
-59,600,000
-17,600,000
-45,900,000
-21,900,000
46,800,000
-700,000
700,000
1,400,000
500,000
300,000
300,000
200,000
Stock
100,000
100,000
300,000
200,000
500,000
100,000
-100,000
-300,000
3,400,000
-100,000
500,000
-3,300,000
-1,700,000
2,700,000
3,700,000
Debtors
12,900,000
17,000,000
-21,100,000
48,300,000
-17,500,000
-4,300,000
31,900,000
400,000
44,700,000
-2,800,000
8,400,000
5,500,000
4,500,000
34,500,000
Creditors
5,700,000
-5,400,000
11,100,000
-7,700,000
4,300,000
700,000
-200,000
1,300,000
5,400,000
300,000
-5,300,000
2,100,000
3,200,000
1,100,000
10,800,000
Accruals and Deferred Income
61,700,000
152,800,000
-52,500,000
79,800,000
5,600,000
-50,800,000
44,200,000
10,100,000
94,200,000
9,100,000
-113,100,000
116,000,000
91,200,000
-7,700,000
98,600,000
Deferred Taxes & Provisions
30,000,000
27,600,000
93,000,000
12,000,000
50,400,000
6,800,000
24,600,000
-42,100,000
253,900,000
-5,000,000
-3,600,000
-14,000,000
-6,200,000
-3,200,000
57,200,000
Cash flow from operations
406,500,000
403,700,000
266,600,000
272,600,000
344,800,000
226,200,000
257,900,000
287,800,000
610,800,000
200,300,000
61,400,000
193,300,000
221,800,000
103,400,000
250,100,000
Investing Activities
capital expenditure
-139,200,000
-129,900,000
-133,600,000
-170,300,000
-44,900,000
-58,400,000
-50,500,000
-52,900,000
-60,300,000
-72,000,000
Change in Investments
-76,400,000
76,400,000
-42,400,000
42,400,000
-42,500,000
1,500,000
41,100,000
100,000
cash flow from investments
76,400,000
-76,400,000
42,400,000
-42,400,000
-139,200,000
-87,400,000
-135,100,000
-211,400,000
-44,900,000
-58,400,000
-50,500,000
-52,900,000
-60,300,000
-72,100,000
Financing Activities
Bank loans
-199,700,000
199,700,000
Group/Directors Accounts
-800,000
800,000
-6,100,000
700,000
5,400,000
-1,700,000
5,400,000
Other Short Term Loans
-149,900,000
99,900,000
-100,000,000
150,000,000
-96,800,000
96,800,000
Long term loans
-377,200,000
-109,000,000
28,000,000
-141,100,000
212,100,000
234,400,000
536,400,000
154,800,000
1,428,300,000
-36,100,000
-15,100,000
267,400,000
243,300,000
8,900,000
1,238,500,000
Hire Purchase and Lease Commitments
100,000
1,300,000
400,000
-200,000
100,000
-900,000
-800,000
900,000
2,100,000
other long term liabilities
-304,400,000
-330,200,000
200,500,000
-11,200,000
40,900,000
62,000,000
-78,100,000
170,300,000
782,300,000
37,400,000
43,600,000
-39,900,000
-43,400,000
59,400,000
65,200,000
share issue
888,700,000
-69,900,000
42,800,000
-55,000,000
23,600,000
7,700,000
22,900,000
-600,000
-90,900,000
-30,500,000
-27,000,000
-131,400,000
-21,600,000
31,700,000
-70,200,000
interest
-106,100,000
-136,400,000
-117,500,000
-124,300,000
-132,500,000
-143,800,000
-86,300,000
-87,800,000
-104,700,000
-93,000,000
-105,500,000
-73,600,000
-127,700,000
-110,900,000
-74,100,000
cash flow from financing
-49,600,000
-544,300,000
54,200,000
-181,800,000
145,000,000
56,500,000
491,600,000
37,900,000
2,222,200,000
-122,200,000
-105,700,000
27,900,000
50,600,000
-10,900,000
1,159,400,000
cash and cash equivalents
cash
165,500,000
-83,400,000
-150,800,000
41,200,000
221,700,000
-510,800,000
610,500,000
32,700,000
38,300,000
1,200,000
8,600,000
18,400,000
34,200,000
-24,700,000
38,900,000
overdraft
change in cash
165,500,000
-83,400,000
-150,800,000
41,200,000
221,700,000
-510,800,000
610,500,000
32,700,000
38,300,000
1,200,000
8,600,000
18,400,000
34,200,000
-24,700,000
38,900,000
wales & west gas networks (holdings) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for wales & west gas networks (holdings) limited. Get real-time insights into wales & west gas networks (holdings) limited's credit score, group structure and payment trends.
Wales & West Gas Networks (holdings) Limited Competitor Analysis
Perform a competitor analysis for wales & west gas networks (holdings) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in NP10 area or any other competitors across 12 key performance metrics.
wales & west gas networks (holdings) limited Ownership
WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED group structure
Wales & West Gas Networks (Holdings) Limited has 3 subsidiary companies.
WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED Shareholders
The largest shareholders in Wales & West Gas Networks (Holdings) Limited include Western Gas Networks Limited and West Gas Networks Limited.
western gas networks limited
50%
west gas networks limited
50%
wales & west gas networks (holdings) limited directors
Wales & West Gas Networks (Holdings) Limited currently has 11 directors.
The longest serving directors include
Mr Hing Kam (Oct 2012) and
Mr Loi Chan (Oct 2012).
wales & west gas networks (holdings) limited company details
company number
05095454
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
April 2004
age
21
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
March 2024
previous names
mgn gas networks (uk) limited (December 2012)
macquarie gas networks (uk) limited (June 2004)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
wales & west house, spooner close, coedkernew, newport, NP10 8FZ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
wales & west gas networks (holdings) limited 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 1 charges/mortgages relating to wales & west gas networks (holdings) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
wales & west gas networks (holdings) limited 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.
Click to start generating capital raising & share issue transactions for WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED. This can take several minutes, an email will notify you when this has completed.
wales & west gas networks (holdings) limitedCompanies House Filings - See Documents
