wellbark property limited
wellbark property limited Company Information
Company Number
05828668
Website
-Registered Address
first floor, finchale house, belmont business park, durham, DH1 1TW
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
golftee lp4 ltd 100%
wellbark property limited Estimated Valuation
Pomanda estimates the enterprise value of WELLBARK PROPERTY LIMITED at £9 based on a Turnover of £2 and 3.76x industry multiple (adjusted for size and gross margin).
wellbark property limited Estimated Valuation
Pomanda estimates the enterprise value of WELLBARK PROPERTY LIMITED at £4.1m based on an EBITDA of £511k and a 7.98x industry multiple (adjusted for size and gross margin).
wellbark property limited Estimated Valuation
Pomanda estimates the enterprise value of WELLBARK PROPERTY LIMITED at £0 based on Net Assets of £-8.7m and 1.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Wellbark Property Limited Overview
Wellbark Property Limited is a live company located in durham, DH1 1TW with a Companies House number of 05828668. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2006, it's largest shareholder is golftee lp4 ltd with a 100% stake. Wellbark Property Limited is a established, micro sized company, Pomanda has estimated its turnover at £2.4 with declining growth in recent years.
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Wellbark Property Limited Health Check
Pomanda's financial health check has awarded Wellbark Property Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £2.4, make it smaller than the average company (£797.5k)
- Wellbark Property Limited
£797.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -98%, show it is growing at a slower rate (1.9%)
- Wellbark Property Limited
1.9% - Industry AVG
Production
with a gross margin of 75.4%, this company has a comparable cost of product (75.4%)
- Wellbark Property Limited
75.4% - Industry AVG
Profitability
an operating margin of 21325372.5% make it more profitable than the average company (37%)
- Wellbark Property Limited
37% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Wellbark Property Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)
- Wellbark Property Limited
£30.4k - Industry AVG
Efficiency
resulting in sales per employee of £2.4, this is less efficient (£168.3k)
- Wellbark Property Limited
£168.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Wellbark Property Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 620 days, this is slower than average (37 days)
- Wellbark Property Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wellbark Property Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Wellbark Property Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56574.8%, this is a higher level of debt than the average (63.2%)
56574.8% - Wellbark Property Limited
63.2% - Industry AVG
WELLBARK PROPERTY LIMITED financials
Wellbark Property Limited's latest turnover from March 2023 is estimated at £2 and the company has net assets of -£8.7 million. According to their latest financial statements, we estimate that Wellbark Property Limited has 1 employee and maintains cash reserves of £9.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Oct 2012 | Oct 2011 | Oct 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 424,012 | 1,224,218 | 1,760,896 | 1,860,624 | 1,874,592 | 1,897,137 | 2,771,135 | 2,195,908 | 2,547,910 | 2,805,013 | |||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | 351,361 | -1,623,449 | -3,439,252 | -4,608,273 | -335,821 | 1,580,916 | 2,419,647 | 1,898,467 | 2,254,883 | 2,359,176 | |||
| Interest Payable | 422,292 | 549,426 | 9,273,254 | 1,058,828 | 1,572,374 | 1,021,211 | 1,380,657 | 2,095,563 | 1,363,269 | 1,351,366 | |||
| Interest Receivable | 931 | 57,560 | 140,672 | 537 | 2,162 | 1,772 | 4,288 | 5,894 | 15,373 | 5,169 | |||
| Pre-Tax Profit | -70,000 | -2,115,315 | -12,571,834 | -5,666,564 | -1,906,033 | 561,477 | 981,758 | 517,768 | 785,235 | 882,480 | |||
| Tax | 77,861 | -77,861 | 230,264 | 7,037 | -45,906 | 5,737 | -18,656 | -39,959 | -31,858 | -279,928 | |||
| Profit After Tax | 7,861 | -2,193,176 | -12,341,570 | -5,659,527 | -1,951,939 | 567,214 | 963,102 | 477,809 | 753,377 | 602,552 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 7,861 | -2,193,176 | -12,341,570 | -5,659,527 | -1,951,939 | 567,214 | 963,102 | 477,809 | 753,377 | 602,552 | |||
| Employee Costs | 0 | 0 | 18,000 | 0 | 0 | 0 | |||||||
| Number Of Employees | |||||||||||||
| EBITDA* | 351,361 | -1,623,449 | -3,439,252 | -4,608,273 | -335,821 | 1,580,916 | 2,419,647 | 1,898,467 | 2,254,883 | 2,359,176 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Oct 2012 | Oct 2011 | Oct 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 7,279,375 | 9,193,150 | 12,905,750 | 18,230,000 | 21,860,676 | 24,311,543 | 22,525,000 | 26,565,000 | 32,787,825 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 7,279,375 | 9,193,150 | 12,905,750 | 18,230,000 | 20,387,803 | 22,694,334 | 0 | 0 | 0 | 36,617,825 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 7,279,375 | 9,193,150 | 12,905,750 | 18,230,000 | 21,860,676 | 24,311,543 | 22,525,000 | 26,565,000 | 32,787,825 | 36,617,825 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 46 | 0 | 2,813 | 14,515 | 1,867 | 907 | 19,588 | 102,613 | 27,668 | 26,841 | 58,648 |
| Group Debtors | 0 | 0 | 0 | 3,341 | 0 | 1,455,162 | 3,098,977 | 7,701,968 | 7,573,138 | 8,231,578 | 7,233,878 | 805,356 | 940,000 |
| Misc Debtors | 5,515 | 1,358 | 6,788 | 8,448 | 20,738 | 29,055 | 8,038 | 32,344 | 36,567 | 13,429 | 129,586 | 192,131 | 70,997 |
| Cash | 9,912 | 192,383 | 227,311 | 61,673 | 251,882 | 588,588 | 285,842 | 406,164 | 723,964 | 36,370 | 1,569,411 | 6,664,124 | 2,930,072 |
| misc current assets | 1 | 100,000 | 7,279,375 | 0 | 2,080,500 | 901,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,428 | 293,741 | 7,513,520 | 73,462 | 2,355,933 | 2,988,820 | 3,394,724 | 8,141,383 | 8,353,257 | 8,383,990 | 8,960,543 | 7,688,452 | 3,999,717 |
| total assets | 15,428 | 293,741 | 7,513,520 | 7,352,837 | 11,549,083 | 15,894,570 | 21,624,724 | 30,002,059 | 32,664,800 | 30,908,990 | 35,525,543 | 40,476,277 | 40,617,542 |
| Bank overdraft | 8,269,490 | 8,269,490 | 13,328,337 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 13,578,337 | 17,638,410 | 4,435,860 | 12,877,551 | 705,236 | 724,566 | 725,393 | 1,293,092 | 1,360,481 | 962,533 |
| Trade Creditors | 1 | 2,850 | 15,330 | 3,123 | 40,220 | 0 | 10,986 | 6,172 | 4,555 | 11,032 | 11,515 | 1,076 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115,409 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 458,863 | 401,974 | 369,811 | 336,194 | 385,783 | 568,212 | 9,912,361 | 1,759,253 | 1,966,937 | 543,395 | 1,045,920 | 687,593 | 696,735 |
| total current liabilities | 8,728,354 | 8,674,314 | 13,713,478 | 13,917,654 | 18,064,413 | 5,004,072 | 22,800,898 | 2,470,661 | 2,696,058 | 1,395,229 | 2,350,527 | 2,049,150 | 1,659,268 |
| loans | 0 | 0 | 0 | 0 | 0 | 30,540,000 | 0 | 34,054,407 | 35,212,883 | 14,309,685 | 15,212,698 | 19,233,245 | 20,709,632 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 114,696 | 0 | 0 | 0 | 0 | 197,756 | 179,100 | 255,648 | 223,785 |
| total long term liabilities | 0 | 0 | 0 | 0 | 57,348 | 15,270,000 | 0 | 21,200,547 | 21,629,625 | 14,507,441 | 15,391,798 | 19,488,893 | 20,933,417 |
| total liabilities | 8,728,354 | 8,674,314 | 13,713,478 | 13,917,654 | 18,121,761 | 20,274,072 | 22,800,898 | 23,671,208 | 24,325,683 | 15,902,670 | 17,742,325 | 21,538,043 | 22,592,685 |
| net assets | -8,712,926 | -8,380,573 | -6,199,958 | -6,564,817 | -6,572,678 | -4,379,502 | -1,176,174 | 6,330,851 | 8,339,117 | 15,006,320 | 17,783,218 | 18,938,234 | 18,024,857 |
| total shareholders funds | -8,712,926 | -8,380,573 | -6,199,958 | -6,564,817 | -6,572,678 | -4,379,502 | -1,176,174 | 6,330,851 | 8,339,117 | 15,006,320 | 17,783,218 | 18,938,234 | 18,024,857 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Oct 2012 | Oct 2011 | Oct 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 351,361 | -1,623,449 | -3,439,252 | -4,608,273 | -335,821 | 1,580,916 | 2,419,647 | 1,898,467 | 2,254,883 | 2,359,176 | |||
| Depreciation | 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 |
| Tax | 77,861 | -77,861 | 230,264 | 7,037 | -45,906 | 5,737 | -18,656 | -39,959 | -31,858 | -279,928 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 4,157 | -5,476 | -4,955 | -11,762 | -1,475,181 | -1,610,150 | -4,626,337 | 105,926 | -718,327 | 8,347,620 | 6,366,804 | -45,317 | 1,069,645 |
| Creditors | -2,849 | -12,480 | 12,207 | -37,097 | 40,220 | -10,986 | 4,814 | 1,617 | -6,477 | 11,032 | 10,439 | 1,076 | 0 |
| Accruals and Deferred Income | 56,889 | 32,163 | 33,617 | -49,589 | -182,429 | -9,344,149 | 8,153,108 | -207,684 | 1,423,542 | 543,395 | 358,327 | -9,142 | 696,735 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -114,696 | 114,696 | 0 | 0 | 0 | -197,756 | 197,756 | -76,548 | 31,863 | 223,785 |
| Cash flow from operations | 239,602 | -253,642 | -10,953,973 | 8,183,023 | -693,720 | 3,524,289 | -5,194,446 | -4,216,078 | 2,292,139 | 1,930,123 | |||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | -7,279,375 | -1,913,775 | -3,712,600 | -5,324,250 | -2,157,803 | -2,306,531 | 22,694,334 | 0 | 0 | -36,617,825 | 36,617,825 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | -13,578,337 | -4,060,073 | 13,202,550 | -8,441,691 | 12,172,315 | -19,330 | -827 | 725,393 | -67,389 | 397,948 | 962,533 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -115,409 | 115,409 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -30,540,000 | 30,540,000 | -34,054,407 | -1,158,476 | 20,903,198 | 14,309,685 | -4,020,547 | -1,476,387 | 20,709,632 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||||
| interest | -421,361 | -491,866 | -9,132,582 | -1,058,291 | -1,570,212 | -1,019,439 | -1,376,369 | -2,089,669 | -1,347,896 | -1,346,197 | |||
| cash flow from financing | -4,481,434 | -17,829,316 | 22,103,969 | -24,787,881 | -2,804,345 | 12,533,106 | 27,817,336 | -7,810,430 | -2,266,335 | 37,748,273 | |||
| cash and cash equivalents | |||||||||||||
| cash | -182,471 | -34,928 | 165,638 | -190,209 | -336,706 | 302,746 | -120,322 | -317,800 | 687,594 | 36,370 | -5,094,713 | 3,734,052 | 2,930,072 |
| overdraft | 0 | -5,058,847 | 13,328,337 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -182,471 | 5,023,919 | -13,162,699 | -190,209 | -336,706 | 302,746 | -120,322 | -317,800 | 687,594 | 36,370 | -5,094,713 | 3,734,052 | 2,930,072 |
wellbark property limited Credit Report and Business Information
Wellbark Property Limited Competitor Analysis
Perform a competitor analysis for wellbark property limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in DH1 area or any other competitors across 12 key performance metrics.
wellbark property limited Ownership
WELLBARK PROPERTY LIMITED group structure
Wellbark Property Limited has no subsidiary companies.
Ultimate parent company
JOLAN LTD
#0057674
2 parents
WELLBARK PROPERTY LIMITED
05828668
wellbark property limited directors
Wellbark Property Limited currently has 4 directors. The longest serving directors include Mr John Barnsley (Jul 2006) and Mr Robert Jefferson (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Barnsley | 76 years | Jul 2006 | - | Director | |
| Mr Robert Jefferson | 74 years | Apr 2015 | - | Director | |
| Mr Spencer Glanville | England | 52 years | Jul 2016 | - | Director |
| Mr Spencer Glanville | England | 52 years | Jul 2016 | - | Director |
P&L
March 2023turnover
2.4
-100%
operating profit
511k
0%
gross margin
75.5%
+1.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-8.7m
+0.04%
total assets
15.4k
-0.95%
cash
9.9k
-0.95%
net assets
Total assets minus all liabilities
wellbark property limited company details
company number
05828668
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
May 2006
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
wellbark property unlimited (May 2014)
crossco no.1 unlimited (October 2006)
accountant
-
auditor
-
address
first floor, finchale house, belmont business park, durham, DH1 1TW
Bank
-
Legal Advisor
-
wellbark property 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 27 charges/mortgages relating to wellbark property limited. Currently there are 3 open charges and 24 have been satisfied in the past.
wellbark property limited Companies House Filings - See Documents
| date | description | view/download |
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