Westpac Europe Limited

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westpac europe limited Company Information

Dissolved

Company Number

05660032

Next Accounts

Jan 2025

Industry

Banks

Directors

Christopher Bannister

Shareholders

westpac banking corp

Group Structure

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Contact

Registered Address

camomile court, 23 camomile street, london, EC3A 7LL

Website

www.westpac.com.au

westpac europe limited Estimated Valuation

£236.8m

Pomanda estimates the enterprise value of WESTPAC EUROPE LIMITED at £236.8m based on Net Assets of £53.3m and 4.45x industry multiple (adjusted for liquidity).

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Westpac Europe Limited is a dissolved company that was located in london, EC3A 7LL with a Companies House number of 05660032. It operated in the banks sector, SIC Code 64191. Founded in December 2005, it's largest shareholder was westpac banking corp with a 100% stake. The last turnover for Westpac Europe Limited was estimated at £6.4m.

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Pomanda's financial health check has awarded Westpac Europe Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

1 Regular

5 Weak

Size

annual sales of £6.4m, make it smaller than the average company (£49.1m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.3%)

EXPORT

Westpac Europe Limited's latest turnover from September 2023 is £6.4 million and the company has net assets of £53.3 million. According to their latest financial statements, we estimate that Westpac Europe Limited has 23 employees and maintains cash reserves of £8.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	6,363,924	2,289,938	1,928,012	5,651,150	7,588,718	6,692,542	4,796,512	3,477,517	2,079,147	539,847	2,708,646	3,430,859	6,558,022	5,633,929	9,299,464
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,522,172	2,000,632	1,902,183	5,084,897	6,664,782	6,119,482	4,637,393	3,431,198	2,035,090	468,318	1,170,040	1,675,396	4,805,086	2,139,886	0
Gross Profit	1,841,752	289,305	25,829	566,252	923,936	573,059	159,119	46,319	44,056	71,530	1,538,606	1,755,463	1,752,937	3,494,044	0
Admin Expenses	-13,172,290	-15,569,241	-16,068,958	-16,480,233	-8,078,794	-1,935,235	-3,690,402	-2,231,787	-229,850	-214,962	1,292,736	1,440,792	1,400,881	3,494,044	-522,742
Operating Profit	15,014,042	15,858,546	16,094,787	17,046,485	9,002,730	2,508,294	3,849,521	2,278,106	273,906	286,492	245,870	314,671	352,056	0	522,742
Interest Payable	0	0	0	0	0	0	0	0	0	0	1,170,040	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	1,241,254	0	0	19,866	13,705
Pre-Tax Profit	2,001,423	463,204	270,788	912,341	1,164,994	851,598	429,162	297,157	315,350	290,843	262,369	308,831	304,634	200,525	277,690
Tax	-440,281	-87,740	-49,992	-168,982	-221,971	-162,861	-78,794	-61,284	-67,244	-51,960	-78,086	-65,017	-29,043	-56,378	108,552
Profit After Tax	1,561,141	375,464	220,797	743,359	943,023	688,737	350,367	235,873	248,106	238,883	184,283	243,814	275,591	144,148	386,242
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,561,141	375,464	220,797	743,359	943,023	688,737	350,367	235,873	248,106	238,883	184,283	243,814	275,591	144,148	386,242
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Number Of Employees	23	9	9	19	26	21	17	13	8	2	11	13	24	20	0
EBITDA*	15,014,042	15,858,546	16,094,787	17,046,485	9,002,730	2,508,294	3,849,521	2,278,106	273,906	286,492	245,870	314,671	352,056	0	522,742

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	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	0	68,696,051	100,477,699	119,703,096	88,745,053	152,076,958	169,075,750	91,650,178	25,623,861	7,866,692	41,435,194	17,200,207	82,090,460	82,562,953
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	68,656,057	100,477,699	119,703,096	88,745,053	152,076,958	169,075,750	91,650,177	25,623,861	7,866,691	41,435,193	17,200,206	0	0
Debtors (Due After 1 year)	0	0	19,996	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	68,676,053	100,477,699	119,703,096	88,745,053	152,076,958	169,075,750	91,650,177	25,623,861	7,866,691	41,435,193	17,200,206	82,090,460	82,562,953
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	236,494,330	207,688,860
Group Debtors	0	0	56,657	887,155	0	280,821	224,908	2,274,638	5,177,770	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	4,253,998	477,261	3,457,949	2,721,698	0	0
Cash	8,361,394	6,969,409	6,908,848	6,582,988	5,272,161	5,704,718	9,271,725	8,007,553	8,744,009	5,746,676	6,481,134	4,177,352	5,680,908	2,464,604	5,481,855
misc current assets	123,793,376	203,943,562	197,395,434	249,324,884	165,270,041	169,843,227	120,641,830	78,232,025	232,173,443	206,258,182	127,554,348	146,016,495	193,399,380	0	0
total current assets	132,171,370	210,943,008	204,384,269	256,795,028	170,542,203	175,828,767	130,138,464	88,514,216	246,095,223	216,258,857	134,512,744	153,651,797	201,801,988	239,157,537	213,388,450
total assets	132,171,370	210,943,008	273,060,322	357,272,727	290,245,299	264,573,820	282,215,422	257,589,966	337,745,400	241,882,718	142,379,435	195,086,990	219,002,194	321,247,997	295,951,403
Bank overdraft	75,291,281	155,339,499	218,545,242	297,215,046	203,806,023	0	0	0	0	0	451,649	569,502	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	0	0	0	0	0	232,755,461	257,367,623
Group/Directors Accounts	0	0	1	1	1	210,978,691	191,162,791	148,448,657	251,023,343	164,870,774	108,906,172	159,283,607	189,243,578	0	0
other short term finances	3,334,123	3,100,940	11,664	3,005,930	0	4,847,031	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	0
other current liabilities	279,819	797,565	398,265	4,307,415	16,593,382	1,198,629	13,300,182	15,747,166	55,241,921	49,744,244	8,000,373	11,298,536	4,359,105	0	0
total current liabilities	78,905,225	159,238,005	218,955,174	304,528,394	220,399,406	217,024,353	204,462,974	164,195,824	306,265,265	214,615,021	117,358,196	171,151,646	193,602,685	291,734,896	271,526,033
loans	0	0	0	203,915	24,775,201	43,378	45,899,632	64,134,540	0	0	0	0	0	0	0
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	91,799	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	203,915	24,775,201	43,378	45,991,432	64,134,540	0	0	0	0	0	4,574,284	0
total liabilities	78,905,225	159,238,005	218,955,174	304,732,309	245,174,607	217,067,731	250,454,406	228,330,364	306,265,265	214,615,021	117,358,196	171,151,646	193,602,685	296,309,180	271,526,033
net assets	53,266,145	51,705,004	54,105,148	52,540,418	45,070,692	47,506,089	31,761,016	29,259,602	31,480,135	27,267,697	25,021,239	23,935,344	25,399,509	24,938,817	24,425,370
total shareholders funds	53,266,145	51,705,004	54,105,149	52,540,418	45,070,691	47,506,088	31,761,016	29,259,602	31,480,136	27,267,697	25,021,239	23,935,344	25,399,509	24,938,817	24,425,371

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	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	15,014,042	15,858,546	16,094,787	17,046,485	9,002,730	2,508,294	3,849,521	2,278,106	273,906	286,492	245,870	314,671	352,056	0	522,742
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-440,281	-87,740	-49,992	-168,982	-221,971	-162,861	-78,794	-61,284	-67,244	-51,960	-78,086	-65,017	-29,043	-56,378	108,552
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	-76,653	-810,502	887,155	-280,821	55,913	-2,049,730	-2,903,132	923,772	3,776,737	-2,980,688	736,251	-233,772,632	28,805,470	207,688,860
Creditors	0	0	0	0	0	0	0	0	0	0	0	0	-232,755,461	-24,612,162	257,367,623
Accruals and Deferred Income	-517,746	399,300	-3,909,150	-12,285,967	15,394,753	-12,101,553	-2,446,984	-39,494,755	5,497,677	41,743,871	-3,298,163	6,939,431	4,359,105	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	14,056,015	16,246,759	12,946,147	3,704,381	24,456,333	-9,812,033	3,373,473	-34,374,801	4,780,567	38,201,666	-149,691	6,452,834	5,699,289	-53,474,010	50,310,057
Investing Activities
capital expenditure	0	68,696,051	31,781,648	19,225,397	-30,958,043	63,331,905	16,998,792	-77,425,572	-66,026,317	-17,757,169	33,568,502	-24,234,987	64,890,253	472,493	-82,562,953
Change in Investments	0	-68,656,057	-31,821,642	-19,225,397	30,958,043	-63,331,905	-16,998,792	77,425,573	66,026,316	17,757,170	-33,568,502	24,234,987	17,200,206	0	0
cash flow from investments	0	137,352,108	63,603,290	38,450,794	-61,916,086	126,663,810	33,997,584	-154,851,145	-132,052,633	-35,514,339	67,137,004	-48,469,974	47,690,047	472,493	-82,562,953
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-1	0	0	-210,978,691	19,815,901	42,714,134	-102,574,686	86,152,569	55,964,602	-50,377,435	-29,959,971	189,243,578	0	0
Other Short Term Loans	233,183	3,089,276	-2,994,266	3,005,930	-4,847,031	4,847,031	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-203,915	-24,571,286	24,731,823	-45,856,254	-18,234,908	64,134,540	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	0
other long term liabilities	0	0	0	0	0	-91,799	91,799	0	0	0	0	0	0	0	0
share issue	0	-2,775,610	1,343,935	6,726,367	-3,378,420	15,056,335	2,151,047	-2,456,407	3,964,333	2,007,574	901,612	-1,707,979	185,101	369,299	24,039,129
interest	0	0	0	0	0	0	0	0	0	0	71,214	0	0	19,866	13,705
cash flow from financing	233,183	313,665	-1,854,246	-14,838,989	-194,472,319	-6,228,786	26,722,072	-40,896,553	90,116,902	57,972,176	-49,404,609	-31,667,950	189,428,679	389,165	24,052,834
cash and cash equivalents
cash	1,391,985	60,561	325,860	1,310,827	-432,557	-3,567,007	1,264,172	-736,456	2,997,333	-734,458	2,303,782	-1,503,556	3,216,304	-3,017,252	5,481,855
overdraft	-80,048,218	-63,205,743	-78,669,804	93,409,023	203,806,023	0	0	0	0	-451,649	-117,853	569,502	0	0	0
change in cash	81,440,203	63,266,304	78,995,664	-92,098,196	-204,238,580	-3,567,007	1,264,172	-736,456	2,997,333	-282,809	2,421,635	-2,073,058	3,216,304	-3,017,252	5,481,855

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTPAC EUROPE LIMITED group structure

Westpac Europe Limited has no subsidiary companies.

Ultimate parent company

WESTPAC BANKING CORP

#0054144

1 parent

WESTPAC EUROPE LIMITED

05660032

WESTPAC EUROPE LIMITED Shareholders

westpac banking corp

100%

Westpac Europe Limited currently has 1 director, Mr Christopher Bannister serving since Oct 2008.

officer	country	age	start	end	role
Mr Christopher Bannister	England	57 years	Oct 2008	-	Director

P&L

September 2023

turnover

6.4m

+178%

operating profit

15m

gross margin

29%

+129.07%

turnover

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

Balance Sheet

September 2023

net assets

53.3m

+0.03%

total assets

132.2m

-0.37%

cash

8.4m

+0.2%

net assets

Total assets minus all liabilities

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company number

05660032

Type

Private limited with Share Capital

industry

64191 - Banks

incorporation date

December 2005

ultimate parent company

WESTPAC BANKING CORP

previous names

jasminewood limited (January 2006)

address

camomile court, 23 camomile street, london, EC3A 7LL

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westpac europe limited Company Information

westpac europe limited Estimated Valuation

westpac europe limited Estimated Valuation

westpac europe limited Estimated Valuation

Westpac Europe Limited Overview

Westpac Europe Limited Health Check

WESTPAC EUROPE LIMITED financials

westpac europe limited Credit Report and Business Information

Westpac Europe Limited Competitor Analysis

westpac europe limited Ownership

westpac europe limited directors

westpac europe limited company details

westpac europe limited Charges & Mortgages

westpac europe limited Capital Raised & Share Issues BETA

westpac europe limited Companies House Filings - See Documents