westbridge furniture designs limited

2.5

westbridge furniture designs limited Company Information

Share WESTBRIDGE FURNITURE DESIGNS LIMITED
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Company Number

05149939

Registered 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

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Directors

Stephen Olds16 Years

Jon Sharrock1 Years

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Shareholders

belfield group limited 100%

westbridge furniture designs limited Estimated Valuation

£39.1m

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

£0

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

£0

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

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £61m, make it larger than the average company (£12.3m)

£61m - Westbridge Furniture Designs Limited

£12.3m - Industry AVG

growth

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

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

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

Employees

with 653 employees, this is above the industry average (87)

653 - Westbridge Furniture Designs Limited

87 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Westbridge Furniture Designs Limited

- - Industry AVG

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover61,029,00067,906,00076,506,00055,692,00086,850,00090,234,00098,255,00090,494,00069,752,00059,083,00052,630,00045,578,00040,588,00044,283,00043,908,859
Other Income Or Grants000000000000000
Cost Of Sales49,422,00054,875,00060,186,00049,332,00069,924,00073,089,00080,309,00073,923,00056,331,00048,747,00043,398,00037,368,00032,598,00035,521,00034,785,338
Gross Profit11,607,00013,031,00016,320,0006,360,00016,926,00017,145,00017,946,00016,571,00013,421,00010,336,0009,232,0008,210,0007,990,0008,762,0009,123,521
Admin Expenses18,612,00019,161,00016,028,0008,730,00015,744,00015,594,00015,804,00014,207,00011,846,0009,399,0008,317,0007,381,0007,253,0007,287,0008,031,971
Operating Profit-7,005,000-6,130,000292,000-2,370,0001,182,0001,551,0002,142,0002,364,0001,575,000937,000915,000829,000737,0001,475,0001,091,550
Interest Payable445,000264,000138,00094,000102,00053,00035,00039,00031,00051,00065,00060,00056,00045,00074,035
Interest Receivable00002,0002,0001,0001,0001,0001,0001,000001,0003,295
Pre-Tax Profit-7,450,000-6,394,000154,000-2,464,0001,082,0001,500,0002,108,0002,326,0001,545,000887,000851,000769,000681,0001,431,0001,020,810
Tax-6,0001,461,000-26,000432,000-221,000-315,000-412,000-498,000-319,000-206,000-205,000-169,000-205,000-396,000-242,857
Profit After Tax-7,456,000-4,933,000128,000-2,032,000861,0001,185,0001,696,0001,828,0001,226,000681,000646,000600,000476,0001,035,000777,953
Dividends Paid000002,000,0002,000,0003,000,00000800,000185,000001,000,000
Retained Profit-7,456,000-4,933,000128,000-2,032,000861,000-815,000-304,000-1,172,0001,226,000681,000-154,000415,000476,0001,035,000-222,047
Employee Costs20,664,00023,338,00026,949,00026,498,00031,727,00031,130,00031,786,00029,365,00022,485,00018,731,00015,638,00013,515,00012,311,00012,151,00011,762,948
Number Of Employees6538149231,0361,1891,1981,3711,273993840723598556541509
EBITDA*-6,530,000-5,514,000873,000-1,782,0001,775,0002,218,0002,678,0002,845,0002,008,0001,349,0001,214,0001,082,0001,006,0001,758,0001,369,405

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,039,0001,542,0002,125,0002,213,0002,717,0003,061,0003,034,0003,038,0002,812,0002,419,0001,880,000987,000946,0001,146,000964,517
Intangible Assets41,00000000000000000
Investments & Other1,077,0001,077,000100,000100,000100,000100,000000000001
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,157,0002,619,0002,225,0002,313,0002,817,0003,161,0003,034,0003,038,0002,812,0002,419,0001,880,000987,000946,0001,146,000964,518
Stock & work in progress4,839,0006,686,0008,721,0009,194,0009,282,00010,975,0008,876,0007,342,0005,905,0005,644,0004,653,0003,557,0003,020,0002,934,0003,076,106
Trade Debtors2,576,0003,096,0004,181,0001,289,0005,176,0004,425,0006,393,0006,327,0005,564,0003,143,0004,090,0004,663,0003,430,0002,633,0002,834,416
Group Debtors488,000635,0002,102,00001,434,000898,0001,246,000898,0005,575,0005,222,0004,444,0005,210,0004,903,0006,630,0004,552,642
Misc Debtors2,605,0002,963,0001,556,000946,0001,229,0001,378,0001,009,0001,695,000883,0001,088,0001,095,000635,000404,000390,000370,532
Cash0826,0002,044,0002,137,0002,009,0001,634,0001,628,0002,061,0001,400,0001,394,0001,491,0001,109,0001,063,0001,281,000992,119
misc current assets000000000000000
total current assets10,508,00014,206,00018,604,00013,566,00019,130,00019,310,00019,152,00018,323,00019,327,00016,491,00015,773,00015,174,00012,820,00013,868,00011,825,815
total assets12,665,00016,825,00020,829,00015,879,00021,947,00022,471,00022,186,00021,361,00022,139,00018,910,00017,653,00016,161,00013,766,00015,014,00012,790,333
Bank overdraft1,890,00000000000000000
Bank loan000000000000000
Trade Creditors 6,195,0007,106,0007,471,0004,011,0009,554,00011,302,00011,338,00011,004,0009,734,0007,363,0006,848,0005,375,0004,067,0004,865,0004,279,061
Group/Directors Accounts443,0005,420,0001,820,0002,570,00000038,00095,00049,0000001,097,0001,096,824
other short term finances00002,204,0000000000000
hp & lease commitments000000000000000
other current liabilities5,037,0006,027,0008,309,0006,118,0004,947,0006,701,0005,531,0005,274,0006,048,0006,120,0006,495,0006,322,0005,778,0005,607,0004,986,099
total current liabilities13,565,00018,553,00017,600,00012,699,00016,705,00018,003,00016,869,00016,316,00015,877,00013,532,00013,343,00011,697,0009,845,00011,569,00010,361,984
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000000045,000387,00000000
provisions1,906,000301,000346,000425,000455,000542,000576,000000000017,724
total long term liabilities1,906,000301,000346,000425,000455,000542,000576,000045,000387,000000017,724
total liabilities15,471,00018,854,00017,946,00013,124,00017,160,00018,545,00017,445,00016,316,00015,922,00013,919,00013,343,00011,697,0009,845,00011,569,00010,379,708
net assets-2,806,000-2,029,0002,883,0002,755,0004,787,0003,926,0004,741,0005,045,0006,217,0004,991,0004,310,0004,464,0003,921,0003,445,0002,410,625
total shareholders funds-2,806,000-2,029,0002,883,0002,755,0004,787,0003,926,0004,741,0005,045,0006,217,0004,991,0004,310,0004,464,0003,921,0003,445,0002,410,625
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-7,005,000-6,130,000292,000-2,370,0001,182,0001,551,0002,142,0002,364,0001,575,000937,000915,000829,000737,0001,475,0001,091,550
Depreciation475,000616,000581,000588,000593,000667,000536,000481,000433,000412,000299,000253,000269,000283,000277,855
Amortisation000000000000000
Tax-6,0001,461,000-26,000432,000-221,000-315,000-412,000-498,000-319,000-206,000-205,000-169,000-205,000-396,000-242,857
Stock-1,847,000-2,035,000-473,000-88,000-1,693,0002,099,0001,534,0001,437,000261,000991,0001,096,000537,00086,000-142,1063,076,106
Debtors-1,025,000-1,145,0005,604,000-5,604,0001,138,000-1,947,000-272,000-3,102,0002,569,000-176,000-879,0001,771,000-916,0001,895,4107,757,590
Creditors-911,000-365,0003,460,000-5,543,000-1,748,000-36,000334,0001,270,0002,371,000515,0001,473,0001,308,000-798,000585,9394,279,061
Accruals and Deferred Income-990,000-2,282,0002,191,0001,171,000-1,754,0001,170,000257,000-774,000-72,000-375,000173,000544,000171,000620,9014,986,099
Deferred Taxes & Provisions1,605,000-45,000-79,000-30,000-87,000-34,000576,000000000-17,72417,724
Cash flow from operations-3,960,000-3,565,0001,288,000-60,000-1,480,0002,851,0002,171,0004,508,0001,158,000468,0002,438,000457,0001,004,000797,812-424,264
Investing Activities
capital expenditure-13,000-33,000-493,000-84,000-249,000-694,000-532,000-707,000-826,000-951,000-1,192,000-294,000-69,000-464,483-1,242,372
Change in Investments0977,000000100,0000000000-11
cash flow from investments-13,000-1,010,000-493,000-84,000-249,000-794,000-532,000-707,000-826,000-951,000-1,192,000-294,000-69,000-464,482-1,242,373
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-4,977,0003,600,000-750,0002,570,00000-38,000-57,00046,00049,00000-1,097,0001761,096,824
Other Short Term Loans 000-2,204,0002,204,0000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000-45,000-342,000387,00000000
share issue6,679,00021,000000000000128,0000-6252,632,672
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 financing1,257,0003,357,000-888,000272,0002,104,000-51,000-72,000-140,000-326,000386,000-64,00068,000-1,153,000-44,4493,658,756
cash and cash equivalents
cash-826,000-1,218,000-93,000128,000375,0006,000-433,000661,0006,000-97,000382,00046,000-218,000288,881992,119
overdraft1,890,00000000000000000
change in cash-2,716,000-1,218,000-93,000128,000375,0006,000-433,000661,0006,000-97,000382,00046,000-218,000288,881992,119

westbridge furniture designs limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Westbridge Furniture Designs Limited Competitor Analysis

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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 Shareholders

belfield group limited 100%

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).

officercountryagestartendrole
Mr Stephen OldsEngland54 years Sep 2008- Director
Mr Jon SharrockUnited Kingdom55 years Sep 2023- Director
Mr Thomas Prestwich41 years Nov 2023- Director

P&L

December 2023

turnover

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 2023

net 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.

charges

westbridge furniture designs limited Companies House Filings - See Documents

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