westcountry finance (cornwall) limited
westcountry finance (cornwall) limited Company Information
Company Number
05494105
Website
westcountryinvestments.co.ukRegistered Address
dte, 6th floor, royal exchange buildi, manchester, M2 7FE
Industry
Development of building projects
Telephone
01209500123
Next Accounts Due
September 2024
Group Structure
View All
Directors
Anthony Murtagh15 Years
Shareholders
mr anthony murtagh 100%
westcountry finance (cornwall) limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCOUNTRY FINANCE (CORNWALL) LIMITED at £162.7k based on a Turnover of £360.9k and 0.45x industry multiple (adjusted for size and gross margin).
westcountry finance (cornwall) limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCOUNTRY FINANCE (CORNWALL) LIMITED at £0 based on an EBITDA of £-10.4k and a 3.38x industry multiple (adjusted for size and gross margin).
westcountry finance (cornwall) limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCOUNTRY FINANCE (CORNWALL) LIMITED at £294.6k based on Net Assets of £225.7k and 1.31x industry multiple (adjusted for liquidity).
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Westcountry Finance (cornwall) Limited Overview
Westcountry Finance (cornwall) Limited is a live company located in manchester, M2 7FE with a Companies House number of 05494105. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2005, it's largest shareholder is mr anthony murtagh with a 100% stake. Westcountry Finance (cornwall) Limited is a established, micro sized company, Pomanda has estimated its turnover at £360.9k with declining growth in recent years.
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Westcountry Finance (cornwall) Limited Health Check
Pomanda's financial health check has awarded Westcountry Finance (Cornwall) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £360.9k, make it smaller than the average company (£2.3m)
- Westcountry Finance (cornwall) Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (1.7%)
- Westcountry Finance (cornwall) Limited
1.7% - Industry AVG
Production
with a gross margin of 25.8%, this company has a comparable cost of product (25.8%)
- Westcountry Finance (cornwall) Limited
25.8% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (9.6%)
- Westcountry Finance (cornwall) Limited
9.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Westcountry Finance (cornwall) Limited
6 - Industry AVG
Pay Structure
on an average salary of £48k, the company has an equivalent pay structure (£48k)
- Westcountry Finance (cornwall) Limited
£48k - Industry AVG
Efficiency
resulting in sales per employee of £120.3k, this is less efficient (£287.3k)
- Westcountry Finance (cornwall) Limited
£287.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Westcountry Finance (cornwall) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (30 days)
- Westcountry Finance (cornwall) Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Westcountry Finance (cornwall) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Westcountry Finance (cornwall) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.4%, this is a lower level of debt than the average (75.1%)
2.4% - Westcountry Finance (cornwall) Limited
75.1% - Industry AVG
westcountry finance (cornwall) limited Credit Report and Business Information
Westcountry Finance (cornwall) Limited Competitor Analysis
Perform a competitor analysis for westcountry finance (cornwall) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
westcountry finance (cornwall) limited Ownership
WESTCOUNTRY FINANCE (CORNWALL) LIMITED group structure
Westcountry Finance (Cornwall) Limited has no subsidiary companies.
Ultimate parent company
WESTCOUNTRY FINANCE (CORNWALL) LIMITED
05494105
westcountry finance (cornwall) limited directors
Westcountry Finance (Cornwall) Limited currently has 1 director, Mr Anthony Murtagh serving since Oct 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Murtagh | England | 63 years | Oct 2008 | - | Director |
WESTCOUNTRY FINANCE (CORNWALL) LIMITED financials
Westcountry Finance (Cornwall) Limited's latest turnover from December 2022 is estimated at £360.9 thousand and the company has net assets of £225.7 thousand. According to their latest financial statements, Westcountry Finance (Cornwall) Limited has 3 employees and maintains cash reserves of £657 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 3,488 | 4,651 | 6,201 | 68,562 | 9,450 | 12,600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 487,935 | 554,435 | 588,393 | 205,738 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 138,078 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 141,566 | 4,651 | 494,136 | 622,997 | 597,843 | 218,338 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 28,431 | 1,668,150 | 1,875,690 | 995,225 | 1,278,287 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 49,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 230,509 | 86,537 | 288,529 | 1,247,055 | 880,713 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 657 | 12,729 | 3,984 | 3,382 | 19,161 | 11,046 | 19,633 | 366,447 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 231,166 | 99,266 | 292,513 | 1,328,368 | 2,568,024 | 2,186,736 | 1,014,858 | 1,644,734 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 231,166 | 240,832 | 297,164 | 1,822,504 | 3,191,021 | 2,784,579 | 1,233,196 | 1,644,734 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 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 |
| Trade Creditors | 1,980 | 0 | 5,808 | 0 | 0 | 1,800 | 900 | 5,828 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 3,461 | 4,902 | 67,489 | 1,561,037 | 3,092,884 | 2,772,722 | 1,231,190 | 1,647,506 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,441 | 4,902 | 73,297 | 1,561,037 | 3,092,884 | 2,774,522 | 1,232,090 | 1,653,334 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,441 | 4,902 | 73,297 | 1,561,037 | 3,092,884 | 2,774,522 | 1,232,090 | 1,653,334 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 225,725 | 235,930 | 223,867 | 261,467 | 98,137 | 10,057 | 1,106 | -8,600 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 225,725 | 235,930 | 223,867 | 261,467 | 98,137 | 10,057 | 1,106 | -8,600 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 1,163 | 1,550 | 17,141 | 1,181 | 3,150 | 840 | 0 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | -28,431 | -1,639,719 | 672,925 | 880,465 | -283,062 | 1,278,287 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,894 | -63,914 | -1,008,026 | 415,842 | 880,713 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 1,980 | -5,808 | 5,808 | 0 | -900 | 900 | -4,928 | 5,828 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -1,441 | -62,587 | -1,493,548 | -1,531,847 | 1,861,694 | 1,541,532 | -416,316 | 1,647,506 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -487,935 | -66,500 | 348,697 | 382,655 | 205,738 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 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 |
| Hire Purchase and Lease Commitments | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -12,072 | 8,745 | 602 | -15,779 | -472 | -8,587 | -346,814 | 366,447 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -12,072 | 8,745 | 602 | -15,779 | -472 | -8,587 | -346,814 | 366,447 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
December 2022turnover
360.9k
-58%
operating profit
-10.4k
0%
gross margin
25.9%
+8.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
225.7k
-0.04%
total assets
231.2k
-0.04%
cash
657
-0.95%
net assets
Total assets minus all liabilities
Similar Companies
westcountry finance (cornwall) limited company details
company number
05494105
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2005
age
19
accounts
Total Exemption Full
ultimate parent company
previous names
westcountry investments (cornwall) limited (February 2020)
the mortgage group limited (November 2015)
See moreincorporated
UK
address
dte, 6th floor, royal exchange buildi, manchester, M2 7FE
last accounts submitted
December 2022
westcountry finance (cornwall) 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 did not find charges/mortgages relating to westcountry finance (cornwall) limited.
westcountry finance (cornwall) limited Companies House Filings - See Documents
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