westmorland limited

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westmorland limited Company Information

Share WESTMORLAND LIMITED
Live 
EstablishedMegaHigh

Company Number

05357857

Registered Address

rheged redhills, penrith, cumbria, CA11 0DQ

Industry

Event catering activities

 

Hotels and similar accommodation

 
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Telephone

01539624511

Next Accounts Due

April 2025

Group Structure

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Directors

Sarah Dunning19 Years

Jane Lane14 Years

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Shareholders

chapel beck limited 95%

nabil subhi khalil subuh 5%

westmorland limited Estimated Valuation

£158.1m

Pomanda estimates the enterprise value of WESTMORLAND LIMITED at £158.1m based on a Turnover of £141.7m and 1.12x industry multiple (adjusted for size and gross margin).

westmorland limited Estimated Valuation

£66.2m

Pomanda estimates the enterprise value of WESTMORLAND LIMITED at £66.2m based on an EBITDA of £9.8m and a 6.74x industry multiple (adjusted for size and gross margin).

westmorland limited Estimated Valuation

£141.1m

Pomanda estimates the enterprise value of WESTMORLAND LIMITED at £141.1m based on Net Assets of £47.8m and 2.95x industry multiple (adjusted for liquidity).

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Westmorland Limited AI Business Plan

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Westmorland Limited Overview

Westmorland Limited is a live company located in cumbria, CA11 0DQ with a Companies House number of 05357857. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in February 2005, it's largest shareholder is chapel beck limited with a 95% stake. Westmorland Limited is a established, mega sized company, Pomanda has estimated its turnover at £141.7m with high growth in recent years.

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Westmorland Limited Health Check

Pomanda's financial health check has awarded Westmorland Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

4 Regular

positive_score

1 Weak

size

Size

annual sales of £141.7m, make it larger than the average company (£1.7m)

£141.7m - Westmorland Limited

£1.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.8%)

24% - Westmorland Limited

5.8% - Industry AVG

production

Production

with a gross margin of 22.5%, this company has a higher cost of product (47%)

22.5% - Westmorland Limited

47% - Industry AVG

profitability

Profitability

an operating margin of 4.6% make it as profitable than the average company (4.3%)

4.6% - Westmorland Limited

4.3% - Industry AVG

employees

Employees

with 1159 employees, this is above the industry average (29)

1159 - Westmorland Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £18.9k, the company has an equivalent pay structure (£16.9k)

£18.9k - Westmorland Limited

£16.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £122.2k, this is more efficient (£67.4k)

£122.2k - Westmorland Limited

£67.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (13 days)

6 days - Westmorland Limited

13 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 35 days, this is close to average (32 days)

35 days - Westmorland Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 10 days, this is in line with average (10 days)

10 days - Westmorland Limited

10 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 33 weeks, this is more cash available to meet short term requirements (21 weeks)

33 weeks - Westmorland Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 50.4%, this is a lower level of debt than the average (75%)

50.4% - Westmorland Limited

75% - Industry AVG

westmorland 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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Westmorland Limited Competitor Analysis

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westmorland limited Ownership

WESTMORLAND LIMITED Shareholders

chapel beck limited 95%
nabil subhi khalil subuh 5%

westmorland limited directors

Westmorland Limited currently has 8 directors. The longest serving directors include Ms Sarah Dunning (Apr 2005) and Mrs Jane Lane (Sep 2009).

officercountryagestartendrole
Ms Sarah DunningUnited Kingdom53 years Apr 2005- Director
Mrs Jane Lane55 years Sep 2009- Director
Mr Laurence KingUnited Kingdom61 years Mar 2012- Director
Mr Nabil SubuhUnited Kingdom54 years Nov 2020- Director
Mr Nabil SubuhUnited Kingdom54 years Nov 2020- Director
Mr Henry DimblebyEngland54 years Sep 2022- Director
Mr Neil AustinEngland48 years Feb 2023- Director
Mr Richard PennycookUnited Kingdom60 years Feb 2023- Director

WESTMORLAND LIMITED financials

EXPORTms excel logo

Westmorland Limited's latest turnover from July 2023 is £141.7 million and the company has net assets of £47.8 million. According to their latest financial statements, Westmorland Limited has 1,159 employees and maintains cash reserves of £12.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jun 2021Jun 2020Jun 2019Jul 2018Jul 2017Jul 2016Jun 2015Jun 2014Jul 2013Jul 2012Jul 2011Jul 2010
Turnover141,657,000127,352,00069,392,00075,019,00095,379,00092,174,00088,293,00085,400,00063,020,00041,994,00040,624,00039,294,00038,734,00038,909,000
Other Income Or Grants00000000000000
Cost Of Sales109,848,00096,744,00052,120,00057,435,00072,529,00070,142,00066,864,00064,525,00047,964,00032,521,00027,713,00026,840,00026,081,00025,632,000
Gross Profit31,809,00030,608,00017,272,00017,584,00022,850,00022,032,00021,429,00020,875,00015,056,0009,473,00012,911,00012,454,00012,653,00013,277,000
Admin Expenses25,321,00020,601,00014,050,00014,017,00018,605,00016,003,00014,663,00013,581,00010,449,0008,086,00011,245,00011,502,00010,980,00011,487,000
Operating Profit6,488,00010,007,0003,222,0003,567,0004,245,0006,029,0006,766,0007,294,0004,607,0001,387,0001,666,000952,0001,673,0001,790,000
Interest Payable1,522,000831,000869,000920,000974,000922,000986,0001,203,0001,054,000554,000207,00095,000123,000133,000
Interest Receivable104,0005,0001,00028,00026,00017,00033,00040,00012,000026,00005,0009,000
Pre-Tax Profit5,070,0009,181,0002,354,0002,675,0003,297,0005,124,0005,813,0006,131,0003,565,000833,0001,485,000857,0001,555,0002,342,000
Tax-1,636,000-2,133,000-1,174,000-653,000-885,000-1,126,000-1,192,000-1,238,000-830,000-338,000-332,000-133,000-254,000-769,000
Profit After Tax3,434,0007,048,0001,180,0002,022,0002,412,0003,998,0004,621,0004,893,0002,735,000495,0001,153,000724,0001,301,0001,573,000
Dividends Paid0000000077,00077,000020,00043,00073,000
Retained Profit3,504,0007,109,0001,220,0002,022,0002,412,0003,998,0004,621,0004,893,0002,658,000418,0001,153,000704,0001,258,0001,500,000
Employee Costs21,896,00020,275,00015,797,00017,709,00017,794,00016,083,00014,473,00013,415,00010,060,0007,650,0006,595,0006,487,0006,620,0006,412,000
Number Of Employees1,1591,0568571,026993947912878714577507530549539
EBITDA*9,825,00013,030,0005,585,0006,010,0006,477,0007,911,0008,448,0008,828,0007,361,0002,254,0002,620,0001,921,0002,682,0002,827,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jun 2021Jun 2020Jun 2019Jul 2018Jul 2017Jul 2016Jun 2015Jun 2014Jul 2013Jul 2012Jul 2011Jul 2010
Tangible Assets74,449,00071,974,00069,676,00069,196,00067,015,00065,388,00064,260,00064,321,00064,763,00046,262,00031,827,00022,484,00021,911,00022,260,000
Intangible Assets1,221,0001,554,000-119,000-119,000-102,000-62,000-901,000-861,000-821,000-998,000-998,000-998,000-998,000-1,370,000
Investments & Other526,000369,0002,162,0001,986,0001,502,0001,409,0001,069,000859,000785,000650,000557,000646,000632,000614,000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets76,196,00073,897,00071,719,00071,063,00068,415,00066,735,00064,428,00064,319,00064,727,00045,914,00031,386,00022,132,00021,545,00021,504,000
Stock & work in progress3,143,0003,479,0002,290,0001,949,0002,504,0002,555,0002,122,0002,238,0001,839,0001,527,0001,208,0001,317,0001,358,0001,470,000
Trade Debtors2,330,0002,011,0001,096,000557,000950,000964,000800,000922,000970,000647,000312,000354,000455,000611,000
Group Debtors057,00057,000108,00054,000000000000
Misc Debtors2,151,000821,000293,0003,483,000443,000634,0002,339,0003,549,0003,465,0002,079,0001,697,0001,527,0001,732,0002,177,000
Cash12,942,00017,890,00013,034,0004,597,00011,643,00010,933,0009,541,00011,697,0008,241,0004,777,0001,844,000554,000558,0001,384,000
misc current assets00000000000000
total current assets20,566,00024,258,00016,770,00010,694,00015,594,00015,086,00014,802,00018,406,00014,515,0009,030,0005,061,0003,752,0004,103,0005,642,000
total assets96,762,00098,155,00088,489,00081,757,00084,009,00081,821,00079,230,00082,725,00079,242,00054,944,00036,447,00025,884,00025,648,00027,146,000
Bank overdraft00000000038,00001,817,00000
Bank loan1,400,0001,400,0001,076,00023,418,0001,436,0001,436,0001,436,0001,538,000200,000001,787,0001,566,0003,900,000
Trade Creditors 10,658,0009,293,0007,004,0002,820,0005,826,0005,668,0005,139,0005,945,0006,031,0003,325,0004,437,0002,794,0002,652,0003,108,000
Group/Directors Accounts699,000736,00000289,000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities7,489,0009,295,0007,225,0006,875,0007,029,0006,065,0006,364,0006,775,0006,572,0004,640,0005,480,0001,193,0001,307,0001,727,000
total current liabilities20,246,00020,724,00015,305,00033,113,00014,580,00013,169,00012,939,00014,258,00012,803,0008,003,0009,917,0007,591,0005,525,0008,735,000
loans20,200,00021,600,00022,342,000023,057,00024,492,00025,928,00030,740,00031,820,00023,742,0005,592,00002,186,0000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities5,116,0008,756,00011,207,00010,966,00010,966,00011,066,00011,492,00012,167,00014,368,0004,317,0002,357,000681,000741,0002,201,000
provisions3,192,0002,571,0002,235,0001,510,0001,160,0001,260,0001,035,000963,000547,000111,000167,000287,000466,000663,000
total long term liabilities28,508,00032,927,00035,784,00012,476,00035,183,00036,818,00038,455,00043,870,00046,735,00028,170,0008,116,000968,0003,393,0002,864,000
total liabilities48,754,00053,651,00051,089,00045,589,00049,763,00049,987,00051,394,00058,128,00059,538,00036,173,00018,033,0008,559,0008,918,00011,599,000
net assets47,825,00044,391,00037,348,00036,168,00034,246,00031,834,00027,836,00024,597,00019,704,00018,771,00018,414,00017,325,00014,769,00013,491,000
total shareholders funds47,825,00044,391,00037,348,00036,168,00034,246,00031,834,00027,836,00024,597,00019,704,00018,771,00018,414,00017,325,00014,769,00013,491,000
Jul 2023Jul 2022Jun 2021Jun 2020Jun 2019Jul 2018Jul 2017Jul 2016Jun 2015Jun 2014Jul 2013Jul 2012Jul 2011Jul 2010
Operating Activities
Operating Profit6,488,00010,007,0003,222,0003,567,0004,245,0006,029,0006,766,0007,294,0004,607,0001,387,0001,666,000952,0001,673,0001,790,000
Depreciation3,337,0003,023,0002,363,0002,426,0002,192,0001,842,0001,642,0001,534,0002,754,000867,000954,000969,0001,009,0001,037,000
Amortisation00017,00040,00040,00040,0000000000
Tax-1,636,000-2,133,000-1,174,000-653,000-885,000-1,126,000-1,192,000-1,238,000-830,000-338,000-332,000-133,000-254,000-769,000
Stock-336,0001,189,000341,000-555,000-51,000433,000-116,000399,000312,000319,000-109,000-41,000-112,0001,470,000
Debtors1,592,0001,443,000-2,702,0002,701,000-151,000-1,541,000-1,332,00036,0001,709,000717,000128,000-306,000-601,0002,788,000
Creditors1,365,0002,289,0004,184,000-3,006,000158,000529,000-806,000-86,0002,706,000-1,112,0001,643,000142,000-456,0003,108,000
Accruals and Deferred Income-1,806,0002,070,000350,000-154,000964,000-299,000-411,000203,0001,932,000-840,0004,287,000-114,000-420,0001,727,000
Deferred Taxes & Provisions621,000336,000725,000350,000-100,000225,00072,000416,000436,000-56,000-120,000-179,000-197,000663,000
Cash flow from operations7,113,00012,960,00012,031,000401,0006,816,0008,348,0007,559,0007,688,0009,584,000-1,128,0008,079,0001,984,0002,068,0003,298,000
Investing Activities
capital expenditure00-2,596,000025,000537,000-1,365,0000-19,262,000-15,300,000-10,274,000-1,546,000-1,589,000-1,682,000
Change in Investments157,000-1,793,000176,000484,00093,000340,000210,00074,000135,00093,000-89,00014,00018,000614,000
cash flow from investments-157,0001,793,000-2,772,000-484,000-68,000197,000-1,575,000-74,000-19,397,000-15,393,000-10,185,000-1,560,000-1,607,000-2,296,000
Financing Activities
Bank loans0324,000-22,342,00021,982,00000-102,0001,338,000200,0000-1,787,000221,000-2,334,0003,900,000
Group/Directors Accounts-37,000736,0000-289,000289,000000000000
Other Short Term Loans 00000000000000
Long term loans-1,400,000-742,00022,342,000-23,057,000-1,435,000-1,436,000-4,812,000-1,080,0008,078,00018,150,0005,592,000-2,186,0002,186,0000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-3,640,000-2,451,000241,0000-100,000-426,000-675,000-2,201,00010,051,0001,960,0001,676,000-60,000-1,460,0002,201,000
share issue-70,000-66,000-40,000-100,00000-1,382,0000-1,725,000-61,000-64,0001,852,00020,00011,991,000
interest-1,418,000-826,000-868,000-892,000-948,000-905,000-953,000-1,163,000-1,042,000-554,000-181,000-95,000-118,000-124,000
cash flow from financing-6,565,000-3,025,000-667,000-2,356,000-2,194,000-2,767,000-7,924,000-3,106,00015,562,00019,495,0005,236,000-268,000-1,706,00017,968,000
cash and cash equivalents
cash-4,948,0004,856,0008,437,000-7,046,000710,0001,392,000-2,156,0003,456,0003,464,0002,933,0001,290,000-4,000-826,0001,384,000
overdraft00000000-38,00038,000-1,817,0001,817,00000
change in cash-4,948,0004,856,0008,437,000-7,046,000710,0001,392,000-2,156,0003,456,0003,502,0002,895,0003,107,000-1,821,000-826,0001,384,000

P&L

July 2023

turnover

141.7m

+11%

operating profit

6.5m

-35%

gross margin

22.5%

-6.57%

turnover

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

Balance Sheet

July 2023

net assets

47.8m

+0.08%

total assets

96.8m

-0.01%

cash

12.9m

-0.28%

net assets

Total assets minus all liabilities

westmorland limited company details

company number

05357857

Type

Private limited with Share Capital

industry

56210 - Event catering activities

55100 - Hotels and similar accommodation

56102 - Unlicensed restaurants and cafes

incorporation date

February 2005

age

19

accounts

Group

ultimate parent company

previous names

crossco (855) limited (July 2005)

incorporated

UK

address

rheged redhills, penrith, cumbria, CA11 0DQ

last accounts submitted

July 2023

westmorland 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 14 charges/mortgages relating to westmorland limited. Currently there are 2 open charges and 12 have been satisfied in the past.

charges

westmorland limited Companies House Filings - See Documents

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