Westward Energy Limited

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westward energy limited Company Information

Dissolved

Company Number

05532471

Website

www.westwardservices.com

Registered Address

26-28 southernhay east, exeter, EX1 1NS

Industry

Non-trading company

Telephone

01392215567

Next Accounts Due

September 2024

Group Structure

View All

Directors

Peter Mares19 Years

Shareholders

peter charles mares 100%

westward energy limited Estimated Valuation

£27.5k

Pomanda estimates the enterprise value of WESTWARD ENERGY LIMITED at £27.5k based on a Turnover of £56.7k and 0.49x industry multiple (adjusted for size and gross margin).

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Westward Energy Limited is a dissolved company that was located in exeter, EX1 1NS with a Companies House number of 05532471. It operated in the non-trading company sector, SIC Code 74990. Founded in August 2005, it's largest shareholder was peter charles mares with a 100% stake. The last turnover for Westward Energy Limited was estimated at £56.7k.

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Pomanda's financial health check has awarded Westward Energy 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

Health Rating1.5out of 5

1 Strong

3 Regular

7 Weak

Size

annual sales of £56.7k, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (3.7%)

EXPORT

Westward Energy Limited's latest turnover from September 2019 is estimated at £56.7 thousand and the company has net assets of -£11.8 thousand. According to their latest financial statements, Westward Energy Limited has 1 employee and maintains cash reserves of £22 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	56,668	106,060	115,703	106,564	149,990	193,014	142,054	107,127	148,590	244,338	172,583
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	38,447	72,540	78,693	72,369	100,090	130,689	93,539	72,739	100,843	167,462	95,614
Gross Profit	18,220	33,519	37,010	34,195	49,900	62,325	48,515	34,388	47,747	76,876	76,969
Admin Expenses	32,085	41,946	35,380	10,017	70,094	76,741	46,943	15,814	68,803	62,819	50,785
Operating Profit	-13,865	-8,427	1,630	24,178	-20,194	-14,416	1,572	18,574	-21,056	14,057	26,184
Interest Payable	82	0	77	77	0	0	0	0	0	454	0
Interest Receivable	23	39	8	3	0	42	44	2	9	8	0
Pre-Tax Profit	-13,924	-8,388	1,560	24,104	-20,194	-14,374	1,616	18,576	-21,047	13,611	26,184
Tax	0	0	-296	-4,821	0	0	-372	-4,458	0	-3,811	-6,737
Profit After Tax	-13,924	-8,388	1,264	19,283	-20,194	-14,374	1,244	14,118	-21,047	9,800	19,447
Dividends Paid	0	0	0	0	0	0	0	0	0	0	18,000
Retained Profit	-13,924	-8,388	1,264	19,283	-20,194	-14,374	1,244	14,118	-21,047	9,800	1,447
Employee Costs	35,191	69,030	66,129	66,414	64,778	64,707	63,752	31,911	62,643	63,036	0
Number Of Employees	1	2	2	2	2	2	2	1	2	2	0
EBITDA*	-13,865	586	3,890	31,861	-11,397	-8,419	8,170	26,021	-12,301	24,815	33,372

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	28,940	36,798	17,559	20,126	26,099	13,996	15,916	19,261	24,536	13,906
Intangible Assets	0	0	0	0	2,600	5,200	7,800	10,400	13,000	15,600	18,200
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	28,940	36,798	17,559	22,726	31,299	21,796	26,316	32,261	40,136	32,106
Stock & work in progress	0	4,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	10,401	9,907
Trade Debtors	167	5,361	6,743	3,607	12,855	26,221	15,271	9,608	14,478	37,307	24,149
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,776	12,463	12,287	22,197	6,469	0	0	15,950	8,769	0	4,313
Cash	22	6,075	4,221	2,418	0	0	16,859	715	273	3,279	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,965	27,899	29,251	34,222	25,324	32,221	38,130	32,273	29,520	50,987	38,369
total assets	6,965	56,839	66,049	51,781	48,050	63,520	59,926	58,589	61,781	91,123	70,475
Bank overdraft	2,427	0	0	2,476	0	0	0	0	0	0	13,958
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,533	3,732	8,121	7,869	46,431	36,112	33,633	29,226	41,348	44,323	11,855
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	4,352
other current liabilities	11,802	26,083	19,087	24,951	0	0	0	0	0	0	19,889
total current liabilities	18,762	29,815	27,208	35,296	46,431	36,112	33,633	29,226	41,348	44,323	50,054
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	19,398	21,334	4,296	8,326	11,171	0	4,063	8,862	13,486	0
provisions	0	5,499	6,992	2,938	3,325	6,075	1,757	2,008	2,397	3,093	0
total long term liabilities	0	24,897	28,326	7,234	11,651	17,246	1,757	6,071	11,259	16,579	0
total liabilities	18,762	54,712	55,534	42,530	58,082	53,358	35,390	35,297	52,607	60,902	50,054
net assets	-11,797	2,127	10,515	9,251	-10,032	10,162	24,536	23,292	9,174	30,221	20,421
total shareholders funds	-11,797	2,127	10,515	9,251	-10,032	10,162	24,536	23,292	9,174	30,221	20,421

	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-13,865	-8,427	1,630	24,178	-20,194	-14,416	1,572	18,574	-21,056	14,057	26,184
Depreciation	0	9,013	2,260	5,083	6,197	3,397	3,998	4,847	6,155	8,158	4,588
Amortisation	0	0	0	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600
Tax	0	0	-296	-4,821	0	0	-372	-4,458	0	-3,811	-6,737
Stock	-4,000	-2,000	0	0	0	0	0	0	-4,401	494	9,907
Debtors	-10,881	-1,206	-6,774	6,480	-6,897	10,950	-10,287	2,311	-14,060	8,845	28,462
Creditors	801	-4,389	252	-38,562	10,319	2,479	4,407	-12,122	-2,975	32,468	11,855
Accruals and Deferred Income	-14,281	6,996	-5,864	24,951	0	0	0	0	0	-19,889	19,889
Deferred Taxes & Provisions	-5,499	-1,493	4,054	-387	-2,750	4,318	-251	-389	-696	3,093	0
Cash flow from operations	-17,963	4,906	8,810	6,562	3,069	-12,572	22,241	6,741	2,489	27,337	20,010
Investing Activities
capital expenditure	28,940	-1,155	-21,499	-2,516	-224	-15,500	-2,078	-1,502	-880	-18,788	-39,294
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	28,940	-1,155	-21,499	-2,516	-224	-15,500	-2,078	-1,502	-880	-18,788	-39,294
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-4,352	4,352
other long term liabilities	-19,398	-1,936	17,038	-4,030	-2,845	11,171	-4,063	-4,799	-4,624	13,486	0
share issue	0	0	0	0	0	0	0	0	0	0	18,974
interest	-59	39	-69	-74	0	42	44	2	9	-446	0
cash flow from financing	-19,457	-1,897	16,969	-4,104	-2,845	11,213	-4,019	-4,797	-4,615	8,688	23,326
cash and cash equivalents
cash	-6,053	1,854	1,803	2,418	0	-16,859	16,144	442	-3,006	3,279	0
overdraft	2,427	0	-2,476	2,476	0	0	0	0	0	-13,958	13,958
change in cash	-8,480	1,854	4,279	-58	0	-16,859	16,144	442	-3,006	17,237	-13,958

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTWARD ENERGY LIMITED group structure

Westward Energy Limited has no subsidiary companies.

Ultimate parent company

WESTWARD ENERGY LIMITED

05532471

WESTWARD ENERGY LIMITED Shareholders

peter charles mares

100%

Westward Energy Limited currently has 1 director, Mr Peter Mares serving since Aug 2005.

officer	country	age	start	end	role
Mr Peter Mares		75 years	Aug 2005	-	Director

P&L

September 2019

turnover

56.7k

-47%

operating profit

-13.9k

gross margin

32.2%

+1.74%

turnover

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

Balance Sheet

September 2019

net assets

-11.8k

-6.55%

total assets

-0.88%

cash

-1%

net assets

Total assets minus all liabilities

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company number

05532471

Type

Private limited with Share Capital

industry

74990 - Non-trading company

incorporation date

August 2005

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2019

address

26-28 southernhay east, exeter, EX1 1NS

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 westward energy limited.

westward energy limited Company Information

westward energy limited Estimated Valuation

westward energy limited Estimated Valuation

westward energy limited Estimated Valuation

Westward Energy Limited Overview

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WESTWARD ENERGY LIMITED financials

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