westbridge furniture designs limited Company Information
Company Number
05149939
Website
www.westbridgefurniture.comRegistered Address
c/o belfield furnishings limited, hallam fields road, ilkeston, DE7 4AZ
Industry
Manufacture of other furniture
Telephone
01352714131
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
belfield group limited 100%
westbridge furniture designs limited Estimated Valuation
Pomanda estimates the enterprise value of WESTBRIDGE FURNITURE DESIGNS LIMITED at £39.1m based on a Turnover of £61m and 0.64x industry multiple (adjusted for size and gross margin).
westbridge furniture designs limited Estimated Valuation
Pomanda estimates the enterprise value of WESTBRIDGE FURNITURE DESIGNS LIMITED at £0 based on an EBITDA of £-6.5m and a 5.56x industry multiple (adjusted for size and gross margin).
westbridge furniture designs limited Estimated Valuation
Pomanda estimates the enterprise value of WESTBRIDGE FURNITURE DESIGNS LIMITED at £0 based on Net Assets of £-2.8m and 1.83x industry multiple (adjusted for liquidity).
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Westbridge Furniture Designs Limited Overview
Westbridge Furniture Designs Limited is a live company located in ilkeston, DE7 4AZ with a Companies House number of 05149939. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in June 2004, it's largest shareholder is belfield group limited with a 100% stake. Westbridge Furniture Designs Limited is a mature, large sized company, Pomanda has estimated its turnover at £61m with low growth in recent years.
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Westbridge Furniture Designs Limited Health Check
Pomanda's financial health check has awarded Westbridge Furniture Designs Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £61m, make it larger than the average company (£12.3m)
£61m - Westbridge Furniture Designs Limited
£12.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.9%)
3% - Westbridge Furniture Designs Limited
7.9% - Industry AVG
Production
with a gross margin of 19%, this company has a higher cost of product (31.3%)
19% - Westbridge Furniture Designs Limited
31.3% - Industry AVG
Profitability
an operating margin of -11.5% make it less profitable than the average company (3.7%)
-11.5% - Westbridge Furniture Designs Limited
3.7% - Industry AVG
Employees
with 653 employees, this is above the industry average (87)
653 - Westbridge Furniture Designs Limited
87 - Industry AVG
Pay Structure
on an average salary of £31.6k, the company has an equivalent pay structure (£34.2k)
£31.6k - Westbridge Furniture Designs Limited
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £93.5k, this is less efficient (£128.1k)
£93.5k - Westbridge Furniture Designs Limited
£128.1k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (44 days)
15 days - Westbridge Furniture Designs Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (39 days)
45 days - Westbridge Furniture Designs Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 35 days, this is in line with average (41 days)
35 days - Westbridge Furniture Designs Limited
41 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Westbridge Furniture Designs Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 122.2%, this is a higher level of debt than the average (60.1%)
122.2% - Westbridge Furniture Designs Limited
60.1% - Industry AVG
WESTBRIDGE FURNITURE DESIGNS LIMITED financials
Westbridge Furniture Designs Limited's latest turnover from December 2023 is £61 million and the company has net assets of -£2.8 million. According to their latest financial statements, Westbridge Furniture Designs Limited has 653 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | 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 | 61,029,000 | 67,906,000 | 76,506,000 | 55,692,000 | 86,850,000 | 90,234,000 | 98,255,000 | 90,494,000 | 69,752,000 | 59,083,000 | 52,630,000 | 45,578,000 | 40,588,000 | 44,283,000 | 43,908,859 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 49,422,000 | 54,875,000 | 60,186,000 | 49,332,000 | 69,924,000 | 73,089,000 | 80,309,000 | 73,923,000 | 56,331,000 | 48,747,000 | 43,398,000 | 37,368,000 | 32,598,000 | 35,521,000 | 34,785,338 |
Gross Profit | 11,607,000 | 13,031,000 | 16,320,000 | 6,360,000 | 16,926,000 | 17,145,000 | 17,946,000 | 16,571,000 | 13,421,000 | 10,336,000 | 9,232,000 | 8,210,000 | 7,990,000 | 8,762,000 | 9,123,521 |
Admin Expenses | 18,612,000 | 19,161,000 | 16,028,000 | 8,730,000 | 15,744,000 | 15,594,000 | 15,804,000 | 14,207,000 | 11,846,000 | 9,399,000 | 8,317,000 | 7,381,000 | 7,253,000 | 7,287,000 | 8,031,971 |
Operating Profit | -7,005,000 | -6,130,000 | 292,000 | -2,370,000 | 1,182,000 | 1,551,000 | 2,142,000 | 2,364,000 | 1,575,000 | 937,000 | 915,000 | 829,000 | 737,000 | 1,475,000 | 1,091,550 |
Interest Payable | 445,000 | 264,000 | 138,000 | 94,000 | 102,000 | 53,000 | 35,000 | 39,000 | 31,000 | 51,000 | 65,000 | 60,000 | 56,000 | 45,000 | 74,035 |
Interest Receivable | 0 | 0 | 0 | 0 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 0 | 0 | 1,000 | 3,295 |
Pre-Tax Profit | -7,450,000 | -6,394,000 | 154,000 | -2,464,000 | 1,082,000 | 1,500,000 | 2,108,000 | 2,326,000 | 1,545,000 | 887,000 | 851,000 | 769,000 | 681,000 | 1,431,000 | 1,020,810 |
Tax | -6,000 | 1,461,000 | -26,000 | 432,000 | -221,000 | -315,000 | -412,000 | -498,000 | -319,000 | -206,000 | -205,000 | -169,000 | -205,000 | -396,000 | -242,857 |
Profit After Tax | -7,456,000 | -4,933,000 | 128,000 | -2,032,000 | 861,000 | 1,185,000 | 1,696,000 | 1,828,000 | 1,226,000 | 681,000 | 646,000 | 600,000 | 476,000 | 1,035,000 | 777,953 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 2,000,000 | 2,000,000 | 3,000,000 | 0 | 0 | 800,000 | 185,000 | 0 | 0 | 1,000,000 |
Retained Profit | -7,456,000 | -4,933,000 | 128,000 | -2,032,000 | 861,000 | -815,000 | -304,000 | -1,172,000 | 1,226,000 | 681,000 | -154,000 | 415,000 | 476,000 | 1,035,000 | -222,047 |
Employee Costs | 20,664,000 | 23,338,000 | 26,949,000 | 26,498,000 | 31,727,000 | 31,130,000 | 31,786,000 | 29,365,000 | 22,485,000 | 18,731,000 | 15,638,000 | 13,515,000 | 12,311,000 | 12,151,000 | 11,762,948 |
Number Of Employees | 653 | 814 | 923 | 1,036 | 1,189 | 1,198 | 1,371 | 1,273 | 993 | 840 | 723 | 598 | 556 | 541 | 509 |
EBITDA* | -6,530,000 | -5,514,000 | 873,000 | -1,782,000 | 1,775,000 | 2,218,000 | 2,678,000 | 2,845,000 | 2,008,000 | 1,349,000 | 1,214,000 | 1,082,000 | 1,006,000 | 1,758,000 | 1,369,405 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | 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 | 1,039,000 | 1,542,000 | 2,125,000 | 2,213,000 | 2,717,000 | 3,061,000 | 3,034,000 | 3,038,000 | 2,812,000 | 2,419,000 | 1,880,000 | 987,000 | 946,000 | 1,146,000 | 964,517 |
Intangible Assets | 41,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 1,077,000 | 1,077,000 | 100,000 | 100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 2,157,000 | 2,619,000 | 2,225,000 | 2,313,000 | 2,817,000 | 3,161,000 | 3,034,000 | 3,038,000 | 2,812,000 | 2,419,000 | 1,880,000 | 987,000 | 946,000 | 1,146,000 | 964,518 |
Stock & work in progress | 4,839,000 | 6,686,000 | 8,721,000 | 9,194,000 | 9,282,000 | 10,975,000 | 8,876,000 | 7,342,000 | 5,905,000 | 5,644,000 | 4,653,000 | 3,557,000 | 3,020,000 | 2,934,000 | 3,076,106 |
Trade Debtors | 2,576,000 | 3,096,000 | 4,181,000 | 1,289,000 | 5,176,000 | 4,425,000 | 6,393,000 | 6,327,000 | 5,564,000 | 3,143,000 | 4,090,000 | 4,663,000 | 3,430,000 | 2,633,000 | 2,834,416 |
Group Debtors | 488,000 | 635,000 | 2,102,000 | 0 | 1,434,000 | 898,000 | 1,246,000 | 898,000 | 5,575,000 | 5,222,000 | 4,444,000 | 5,210,000 | 4,903,000 | 6,630,000 | 4,552,642 |
Misc Debtors | 2,605,000 | 2,963,000 | 1,556,000 | 946,000 | 1,229,000 | 1,378,000 | 1,009,000 | 1,695,000 | 883,000 | 1,088,000 | 1,095,000 | 635,000 | 404,000 | 390,000 | 370,532 |
Cash | 0 | 826,000 | 2,044,000 | 2,137,000 | 2,009,000 | 1,634,000 | 1,628,000 | 2,061,000 | 1,400,000 | 1,394,000 | 1,491,000 | 1,109,000 | 1,063,000 | 1,281,000 | 992,119 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 10,508,000 | 14,206,000 | 18,604,000 | 13,566,000 | 19,130,000 | 19,310,000 | 19,152,000 | 18,323,000 | 19,327,000 | 16,491,000 | 15,773,000 | 15,174,000 | 12,820,000 | 13,868,000 | 11,825,815 |
total assets | 12,665,000 | 16,825,000 | 20,829,000 | 15,879,000 | 21,947,000 | 22,471,000 | 22,186,000 | 21,361,000 | 22,139,000 | 18,910,000 | 17,653,000 | 16,161,000 | 13,766,000 | 15,014,000 | 12,790,333 |
Bank overdraft | 1,890,000 | 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 | 0 |
Trade Creditors | 6,195,000 | 7,106,000 | 7,471,000 | 4,011,000 | 9,554,000 | 11,302,000 | 11,338,000 | 11,004,000 | 9,734,000 | 7,363,000 | 6,848,000 | 5,375,000 | 4,067,000 | 4,865,000 | 4,279,061 |
Group/Directors Accounts | 443,000 | 5,420,000 | 1,820,000 | 2,570,000 | 0 | 0 | 0 | 38,000 | 95,000 | 49,000 | 0 | 0 | 0 | 1,097,000 | 1,096,824 |
other short term finances | 0 | 0 | 0 | 0 | 2,204,000 | 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 | 0 |
other current liabilities | 5,037,000 | 6,027,000 | 8,309,000 | 6,118,000 | 4,947,000 | 6,701,000 | 5,531,000 | 5,274,000 | 6,048,000 | 6,120,000 | 6,495,000 | 6,322,000 | 5,778,000 | 5,607,000 | 4,986,099 |
total current liabilities | 13,565,000 | 18,553,000 | 17,600,000 | 12,699,000 | 16,705,000 | 18,003,000 | 16,869,000 | 16,316,000 | 15,877,000 | 13,532,000 | 13,343,000 | 11,697,000 | 9,845,000 | 11,569,000 | 10,361,984 |
loans | 0 | 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 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | 387,000 | 0 | 0 | 0 | 0 | 0 |
provisions | 1,906,000 | 301,000 | 346,000 | 425,000 | 455,000 | 542,000 | 576,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,724 |
total long term liabilities | 1,906,000 | 301,000 | 346,000 | 425,000 | 455,000 | 542,000 | 576,000 | 0 | 45,000 | 387,000 | 0 | 0 | 0 | 0 | 17,724 |
total liabilities | 15,471,000 | 18,854,000 | 17,946,000 | 13,124,000 | 17,160,000 | 18,545,000 | 17,445,000 | 16,316,000 | 15,922,000 | 13,919,000 | 13,343,000 | 11,697,000 | 9,845,000 | 11,569,000 | 10,379,708 |
net assets | -2,806,000 | -2,029,000 | 2,883,000 | 2,755,000 | 4,787,000 | 3,926,000 | 4,741,000 | 5,045,000 | 6,217,000 | 4,991,000 | 4,310,000 | 4,464,000 | 3,921,000 | 3,445,000 | 2,410,625 |
total shareholders funds | -2,806,000 | -2,029,000 | 2,883,000 | 2,755,000 | 4,787,000 | 3,926,000 | 4,741,000 | 5,045,000 | 6,217,000 | 4,991,000 | 4,310,000 | 4,464,000 | 3,921,000 | 3,445,000 | 2,410,625 |
Dec 2023 | 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 | -7,005,000 | -6,130,000 | 292,000 | -2,370,000 | 1,182,000 | 1,551,000 | 2,142,000 | 2,364,000 | 1,575,000 | 937,000 | 915,000 | 829,000 | 737,000 | 1,475,000 | 1,091,550 |
Depreciation | 475,000 | 616,000 | 581,000 | 588,000 | 593,000 | 667,000 | 536,000 | 481,000 | 433,000 | 412,000 | 299,000 | 253,000 | 269,000 | 283,000 | 277,855 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -6,000 | 1,461,000 | -26,000 | 432,000 | -221,000 | -315,000 | -412,000 | -498,000 | -319,000 | -206,000 | -205,000 | -169,000 | -205,000 | -396,000 | -242,857 |
Stock | -1,847,000 | -2,035,000 | -473,000 | -88,000 | -1,693,000 | 2,099,000 | 1,534,000 | 1,437,000 | 261,000 | 991,000 | 1,096,000 | 537,000 | 86,000 | -142,106 | 3,076,106 |
Debtors | -1,025,000 | -1,145,000 | 5,604,000 | -5,604,000 | 1,138,000 | -1,947,000 | -272,000 | -3,102,000 | 2,569,000 | -176,000 | -879,000 | 1,771,000 | -916,000 | 1,895,410 | 7,757,590 |
Creditors | -911,000 | -365,000 | 3,460,000 | -5,543,000 | -1,748,000 | -36,000 | 334,000 | 1,270,000 | 2,371,000 | 515,000 | 1,473,000 | 1,308,000 | -798,000 | 585,939 | 4,279,061 |
Accruals and Deferred Income | -990,000 | -2,282,000 | 2,191,000 | 1,171,000 | -1,754,000 | 1,170,000 | 257,000 | -774,000 | -72,000 | -375,000 | 173,000 | 544,000 | 171,000 | 620,901 | 4,986,099 |
Deferred Taxes & Provisions | 1,605,000 | -45,000 | -79,000 | -30,000 | -87,000 | -34,000 | 576,000 | 0 | 0 | 0 | 0 | 0 | 0 | -17,724 | 17,724 |
Cash flow from operations | -3,960,000 | -3,565,000 | 1,288,000 | -60,000 | -1,480,000 | 2,851,000 | 2,171,000 | 4,508,000 | 1,158,000 | 468,000 | 2,438,000 | 457,000 | 1,004,000 | 797,812 | -424,264 |
Investing Activities | |||||||||||||||
capital expenditure | -951,000 | -1,192,000 | -294,000 | -69,000 | |||||||||||
Change in Investments | 0 | 977,000 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 |
cash flow from investments | -951,000 | -1,192,000 | -294,000 | -69,000 | |||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -4,977,000 | 3,600,000 | -750,000 | 2,570,000 | 0 | 0 | -38,000 | -57,000 | 46,000 | 49,000 | 0 | 0 | -1,097,000 | 176 | 1,096,824 |
Other Short Term Loans | 0 | 0 | 0 | -2,204,000 | 2,204,000 | 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 | 0 |
Hire Purchase and Lease Commitments | 0 | 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 | -45,000 | -342,000 | 387,000 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | -445,000 | -264,000 | -138,000 | -94,000 | -100,000 | -51,000 | -34,000 | -38,000 | -30,000 | -50,000 | -64,000 | -60,000 | -56,000 | -44,000 | -70,740 |
cash flow from financing | 1,257,000 | 3,357,000 | -888,000 | 272,000 | 2,104,000 | -51,000 | -72,000 | -140,000 | -326,000 | 386,000 | -64,000 | 68,000 | -1,153,000 | -44,449 | 3,658,756 |
cash and cash equivalents | |||||||||||||||
cash | -826,000 | -1,218,000 | -93,000 | 128,000 | 375,000 | 6,000 | -433,000 | 661,000 | 6,000 | -97,000 | 382,000 | 46,000 | -218,000 | 288,881 | 992,119 |
overdraft | 1,890,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -2,716,000 | -1,218,000 | -93,000 | 128,000 | 375,000 | 6,000 | -433,000 | 661,000 | 6,000 | -97,000 | 382,000 | 46,000 | -218,000 | 288,881 | 992,119 |
westbridge furniture designs limited Credit Report and Business Information
Westbridge Furniture Designs Limited Competitor Analysis
Perform a competitor analysis for westbridge furniture designs limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in DE7 area or any other competitors across 12 key performance metrics.
westbridge furniture designs limited Ownership
WESTBRIDGE FURNITURE DESIGNS LIMITED group structure
Westbridge Furniture Designs Limited has no subsidiary companies.
Ultimate parent company
2 parents
WESTBRIDGE FURNITURE DESIGNS LIMITED
05149939
westbridge furniture designs limited directors
Westbridge Furniture Designs Limited currently has 3 directors. The longest serving directors include Mr Stephen Olds (Sep 2008) and Mr Jon Sharrock (Sep 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Stephen Olds | England | 54 years | Sep 2008 | - | Director |
Mr Jon Sharrock | United Kingdom | 55 years | Sep 2023 | - | Director |
Mr Thomas Prestwich | 41 years | Nov 2023 | - | Director |
P&L
December 2023turnover
61m
-10%
operating profit
-7m
+14%
gross margin
19.1%
-0.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.8m
+0.38%
total assets
12.7m
-0.25%
cash
0
-1%
net assets
Total assets minus all liabilities
westbridge furniture designs limited company details
company number
05149939
Type
Private limited with Share Capital
industry
31090 - Manufacture of other furniture
incorporation date
June 2004
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
castlegate 331 limited (June 2004)
accountant
-
auditor
FORVIS MAZARS LLP
address
c/o belfield furnishings limited, hallam fields road, ilkeston, DE7 4AZ
Bank
VIRGIN MONEY
Legal Advisor
BROWNE JACOBSON LLP
westbridge furniture designs 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 12 charges/mortgages relating to westbridge furniture designs limited. Currently there are 6 open charges and 6 have been satisfied in the past.
westbridge furniture designs limited Companies House Filings - See Documents
date | description | view/download |
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