Westlab Ltd

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westlab ltd Company Information

Live

MatureMidHealthy

Company Number

05214492

Website

www.westlabsalts.co.uk

Registered Address

unit 57 dunsfold park, stovolds hill, cranleigh, surrey, GU6 8TB

Industry

Other human health activities

Telephone

01932808764

Next Accounts Due

September 2024

Group Structure

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Directors

Robert Nugent9 Years

Sean Daly1 Years

Shareholders

lowry trading limited 72.1%

sean daly 7.1%

View All

westlab ltd Estimated Valuation

£4.9m

Pomanda estimates the enterprise value of WESTLAB LTD at £4.9m based on a Turnover of £11.7m and 0.42x industry multiple (adjusted for size and gross margin).

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Westlab Ltd AI Business Plan

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Westlab Ltd is a live company located in cranleigh, GU6 8TB with a Companies House number of 05214492. It operates in the other human health activities sector, SIC Code 86900. Founded in August 2004, it's largest shareholder is lowry trading limited with a 72.1% stake. Westlab Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £11.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Westlab Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

0 Regular

7 Weak

Size

annual sales of £11.7m, make it larger than the average company (£839.5k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTLAB LTD group structure

Westlab Ltd has 1 subsidiary company.

Ultimate parent company

THE SCOTT FLETCHER 2008 DISCRETIONARY

#0102759

LOWRY TRADING LTD

06438997

2 parents

WESTLAB LTD

05214492

1 subsidiary

SPL COBHAM LIMITED

09337483

WESTLAB LTD Shareholders

lowry trading limited	72.05%
sean daly	7.08%
chris britton	5.26%
scott fletcher	4.1%
rob nugent	3.39%
richard bohan	3.39%
nigel hargreaves	2.12%
penny hamilton	1.01%
dominion pension trust	0.68%
lowry trading ltd	0.5%

Westlab Ltd currently has 2 directors. The longest serving directors include Mr Robert Nugent (Nov 2014) and Mr Sean Daly (Nov 2022).

officer	country	age	start	end	role
Mr Robert Nugent	England	41 years	Nov 2014	-	Director
Mr Sean Daly	England	31 years	Nov 2022	-	Director

EXPORT

Westlab Ltd's latest turnover from December 2022 is £11.7 million and the company has net assets of £256.5 thousand. According to their latest financial statements, Westlab Ltd has 58 employees and maintains cash reserves of £15 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	11,656,191	14,336,822	12,698,580	9,404,203	8,094,998	7,869,485	6,595,881	15,095,533	10,668,619	6,822,642	2,022,927	1,411,314	708,587	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,928,124	10,906,490	9,026,437	6,285,416	5,582,482	4,984,910	4,321,939	9,477,881	6,661,674	4,167,545	1,175,498	808,368	392,596	0
Gross Profit	2,728,067	3,430,332	3,672,143	3,118,787	2,512,516	2,884,575	2,273,942	5,617,652	4,006,945	2,655,096	847,429	602,946	315,991	0
Admin Expenses	3,485,184	5,529,181	2,857,537	2,485,130	2,617,775	2,743,534	3,042,536	5,111,720	4,232,653	2,645,996	843,508	626,889	330,918	-2,388
Operating Profit	-757,117	-2,098,849	814,606	633,657	-105,259	141,041	-768,594	505,932	-225,708	9,100	3,921	-23,943	-14,927	2,388
Interest Payable	131,589	234,885	420,758	453,448	51,130	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	657	3	6	22	38	30	10
Pre-Tax Profit	-888,706	-2,333,734	393,848	180,209	-502,214	141,041	-768,594	506,589	-225,705	9,106	3,943	-23,905	-14,897	2,399
Tax	58,699	143,894	-111,564	-89,016	85,706	0	91,929	-101,318	0	-2,094	-946	0	0	-672
Profit After Tax	-830,007	-2,189,840	282,284	91,193	-416,508	141,041	-676,665	405,271	-225,705	7,012	2,997	-23,905	-14,897	1,727
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-830,007	-2,189,840	282,284	91,193	-416,508	141,041	-676,665	405,271	-225,705	7,012	2,997	-23,905	-14,897	1,727
Employee Costs	1,934,739	1,888,710	1,528,347	1,128,479	1,087,402	1,040,234	645,486	8,443,050	5,903,929	3,831,619	1,137,412	777,075	408,970	0
Number Of Employees	58	68	59	50	50	49	31	395	275	179	54	37	20	0
EBITDA*	-509,902	-1,755,429	1,128,089	1,096,256	309,698	425,094	-627,411	530,483	-200,873	19,591	11,319	-17,944	-12,052	4,380

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	301,667	494,932	635,201	430,575	567,138	900,837	751,878	189,459	56,321	90,205	16,141	23,182	6,813	1,734
Intangible Assets	43,921	58,919	33,929	26,145	44,448	49,768	0	0	0	0	0	0	0	0
Investments & Other	376,272	376,272	2,379,091	1,908,751	0	0	0	52,000	52,000	52,000	22,000	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	721,860	930,123	3,048,221	2,365,471	611,586	950,605	751,878	241,459	108,321	142,205	38,141	23,182	6,813	1,734
Stock & work in progress	1,693,377	1,891,503	1,530,798	1,644,043	1,354,940	1,381,368	527,113	270,130	145,007	105,007	52,977	40,694	38,705	8,000
Trade Debtors	1,424,983	2,386,081	3,127,694	2,180,310	2,320,095	2,061,036	1,207,819	1,082,879	720,410	473,195	132,995	99,786	56,826	12,889
Group Debtors	107,217	3,093	313,169	61,184	330,189	307,292	558,573	0	0	0	0	0	0	0
Misc Debtors	455,855	375,719	251,284	336,172	736,185	532,571	418,260	0	0	0	85,044	26,728	16,393	0
Cash	14,979	89,612	163,682	26,960	352,475	39,905	167,902	262,362	312	961	1,444	7,434	7,945	4,136
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,696,411	4,746,008	5,386,627	4,248,669	5,093,884	4,322,172	2,879,667	1,615,371	865,729	579,163	272,460	174,642	119,869	25,025
total assets	4,418,271	5,676,131	8,434,848	6,614,140	5,705,470	5,272,777	3,631,545	1,856,830	974,050	721,368	310,601	197,824	126,682	26,759
Bank overdraft	187,340	19,979	860,859	782,253	0	0	0	0	0	0	0	0	0	0
Bank loan	107,142	0	813,050	1,071,982	379,021	72,284	23,405	0	0	0	0	0	0	0
Trade Creditors	2,012,576	2,732,471	2,637,417	993,949	738,349	1,220,934	765,450	990,912	624,570	271,403	113,788	90,497	45,690	24,032
Group/Directors Accounts	400,000	0	3,522,989	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	834,148	0	0	0	0	0	0	0	0
hp & lease commitments	135,141	107,105	134,395	293,721	229,000	150,395	86,706	0	0	0	0	0	0	0
other current liabilities	837,440	905,045	600,072	677,797	1,549,165	1,115,643	1,692,194	0	0	0	0	0	0	0
total current liabilities	3,679,639	3,764,600	8,568,782	3,819,702	2,895,535	3,393,404	2,567,755	990,912	624,570	271,403	113,788	90,497	45,690	24,032
loans	482,144	696,429	0	3,195,114	3,199,903	1,639,710	1,150,551	0	0	0	0	0	0	0
hp & lease commitments	0	129,198	183,381	192,692	323,907	532,190	346,823	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
other liabilities	0	0	0	29,314	0	0	0	623,051	304,640	179,420	133,288	81,092	85,852	0
provisions	0	0	22,945	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	482,144	825,627	206,326	3,417,120	3,523,810	2,171,900	1,497,374	623,051	304,640	179,420	133,288	81,092	85,852	0
total liabilities	4,161,783	4,590,227	8,775,108	7,236,822	6,419,345	5,565,304	4,065,129	1,613,963	929,210	450,823	247,076	171,589	131,542	24,032
net assets	256,488	1,085,904	-340,260	-622,682	-713,875	-292,527	-433,584	242,867	44,840	270,545	63,525	26,235	-4,860	2,727
total shareholders funds	256,488	1,085,904	-340,260	-622,682	-713,875	-292,527	-433,584	242,867	44,840	270,545	63,525	26,235	-4,860	2,727

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-757,117	-2,098,849	814,606	633,657	-105,259	141,041	-768,594	505,932	-225,708	9,100	3,921	-23,943	-14,927	2,388
Depreciation	228,217	330,297	300,861	444,296	414,957	284,053	141,183	24,551	24,835	10,491	7,398	5,999	2,875	1,992
Amortisation	18,998	13,123	12,622	18,303	0	0	0	0	0	0	0	0	0	0
Tax	58,699	143,894	-111,564	-89,016	85,706	0	91,929	-101,318	0	-2,094	-946	0	0	-672
Stock	-198,126	360,705	-113,245	289,103	-26,428	854,255	256,983	125,123	40,000	52,030	12,283	1,989	30,705	8,000
Debtors	-776,838	-927,254	1,114,481	-808,803	485,570	716,247	1,101,773	362,469	247,215	255,156	91,525	53,295	60,330	12,889
Creditors	-719,895	95,054	1,643,468	255,600	-482,585	455,484	-225,462	366,342	353,167	157,615	23,291	44,807	21,658	24,032
Accruals and Deferred Income	-67,605	304,973	-77,725	-871,368	433,522	-576,551	1,692,194	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-22,945	22,945	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-263,739	-667,904	1,603,977	911,172	-112,801	-1,266,475	-427,506	307,915	-134,921	-132,074	-70,144	-28,421	-81,429	6,851
Investing Activities
capital expenditure	-38,952	-228,141	-525,893	-307,733	-75,938	-482,780	-703,602	-157,689	9,049	-84,555	-357	-22,368	-7,954	-3,726
Change in Investments	0	-2,002,819	470,340	1,908,751	0	0	-52,000	0	0	30,000	22,000	0	0	0
cash flow from investments	-38,952	1,774,678	-996,233	-2,216,484	-75,938	-482,780	-651,602	-157,689	9,049	-114,555	-22,357	-22,368	-7,954	-3,726
Financing Activities
Bank loans	107,142	-813,050	-258,932	692,961	306,737	48,879	23,405	0	0	0	0	0	0	0
Group/Directors Accounts	400,000	-3,522,989	3,522,989	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-834,148	834,148	0	0	0	0	0	0	0	0
Long term loans	-214,285	696,429	-3,195,114	-4,789	1,560,193	489,159	1,150,551	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-101,162	-81,473	-168,637	-66,494	-129,678	249,056	433,529	0	0	0	0	0	0	0
other long term liabilities	0	0	-29,314	29,314	0	0	-623,051	318,411	125,220	46,132	52,196	-4,760	85,852	0
share issue	591	3,616,004	138	0	-4,840	16	214	-207,244	0	200,008	34,293	55,000	7,310	1,000
interest	-131,589	-234,885	-420,758	-453,448	-51,130	0	0	657	3	6	22	38	30	10
cash flow from financing	60,697	-339,964	-549,628	197,544	847,134	1,621,258	984,648	111,824	125,223	246,146	86,511	50,278	93,192	1,010
cash and cash equivalents
cash	-74,633	-74,070	136,722	-325,515	312,570	-127,997	-94,460	262,050	-649	-483	-5,990	-511	3,809	4,136
overdraft	167,361	-840,880	78,606	782,253	0	0	0	0	0	0	0	0	0	0
change in cash	-241,994	766,810	58,116	-1,107,768	312,570	-127,997	-94,460	262,050	-649	-483	-5,990	-511	3,809	4,136

P&L

December 2022

turnover

11.7m

-19%

operating profit

-757.1k

-64%

gross margin

23.5%

-2.18%

turnover

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

Balance Sheet

December 2022

net assets

256.5k

-0.76%

total assets

4.4m

-0.22%

cash

15k

-0.83%

net assets

Total assets minus all liabilities

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company number

05214492

Type

Private limited with Share Capital

industry

86900 - Other human health activities

incorporation date

August 2004

age

accounts

Full Accounts

ultimate parent company

THE SCOTT FLETCHER 2008 DISCRETIONARY

previous names

N/A

incorporated

address

unit 57 dunsfold park, stovolds hill, cranleigh, surrey, GU6 8TB

last accounts submitted

December 2022

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 5 charges/mortgages relating to westlab ltd. Currently there are 1 open charges and 4 have been satisfied in the past.

westlab ltd Company Information

westlab ltd Estimated Valuation

westlab ltd Estimated Valuation

westlab ltd Estimated Valuation

Westlab Ltd AI Business Plan

Westlab Ltd Overview

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westlab ltd Credit Report and Business Information

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westlab ltd Ownership

westlab ltd directors

WESTLAB LTD financials

westlab ltd company details

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westlab ltd Companies House Filings - See Documents