wercs limited
wercs limited Company Information
Company Number
05876856
Website
http://electricalwaste.comRegistered Address
georgina mackie house, 141 farmer ward road, kenilworth, warwickshire, CV8 2SU
Industry
Collection of hazardous waste
Telephone
01388721000
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
electrical waste recycling group ltd 100%
wercs limited Estimated Valuation
Pomanda estimates the enterprise value of WERCS LIMITED at £1.4m based on a Turnover of £1.4m and 0.99x industry multiple (adjusted for size and gross margin).
wercs limited Estimated Valuation
Pomanda estimates the enterprise value of WERCS LIMITED at £853.5k based on an EBITDA of £140.9k and a 6.06x industry multiple (adjusted for size and gross margin).
wercs limited Estimated Valuation
Pomanda estimates the enterprise value of WERCS LIMITED at £7.5m based on Net Assets of £2m and 3.75x industry multiple (adjusted for liquidity).
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Wercs Limited Overview
Wercs Limited is a live company located in kenilworth, CV8 2SU with a Companies House number of 05876856. It operates in the collection of hazardous waste sector, SIC Code 38120. Founded in July 2006, it's largest shareholder is electrical waste recycling group ltd with a 100% stake. Wercs Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with low growth in recent years.
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Wercs Limited Health Check
Pomanda's financial health check has awarded Wercs Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£4.3m)
- Wercs Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (9.2%)
- Wercs Limited
9.2% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
- Wercs Limited
32.9% - Industry AVG
Profitability
an operating margin of 10.1% make it less profitable than the average company (15.6%)
- Wercs Limited
15.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (23)
5 - Wercs Limited
23 - Industry AVG
Pay Structure
on an average salary of £31.8k, the company has an equivalent pay structure (£31.8k)
- Wercs Limited
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £274.9k, this is more efficient (£110k)
- Wercs Limited
£110k - Industry AVG
Debtor Days
it gets paid by customers after 113 days, this is later than average (49 days)
- Wercs Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (37 days)
- Wercs Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wercs Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 153 weeks, this is more cash available to meet short term requirements (1 weeks)
153 weeks - Wercs Limited
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.4%, this is a lower level of debt than the average (61.6%)
42.4% - Wercs Limited
61.6% - Industry AVG
WERCS LIMITED financials
Wercs Limited's latest turnover from April 2023 is estimated at £1.4 million and the company has net assets of £2 million. According to their latest financial statements, Wercs Limited has 5 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,759,464 | 1,838,426 | 1,282,826 | 751,939 | 641,994 | 503,532 | 495,529 | 758,082 | 756,506 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 1,852,543 | 1,021,176 | 571,534 | 501,856 | 454,186 | 335,561 | 379,763 | 598,455 | 483,982 | |||||
| Gross Profit | 906,921 | 817,250 | 711,292 | 250,083 | 187,808 | 167,971 | 115,766 | 159,627 | 272,524 | |||||
| Admin Expenses | -221,548 | 221,975 | 198,790 | |||||||||||
| Operating Profit | 1,128,469 | 595,275 | 512,502 | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | 1,128,469 | 595,275 | 512,502 | 60,745 | 43,830 | 31,730 | 4,094 | -6,184 | -27,720 | |||||
| Tax | -104,446 | -108,447 | -97,315 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Profit After Tax | 1,024,023 | 486,828 | 415,187 | 60,745 | 43,830 | 31,730 | 4,094 | -6,184 | -27,720 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | 1,024,023 | 486,828 | 415,187 | 60,745 | 43,830 | 31,730 | 4,094 | -6,184 | -27,720 | |||||
| Employee Costs | 0 | 0 | 0 | |||||||||||
| Number Of Employees | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||||
| EBITDA* | 1,128,588 | 595,275 | 512,502 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,416 | 4,074 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,450 | 8,513 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| Total Fixed Assets | 6,416 | 4,074 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,450 | 8,513 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 425,692 | 472,547 | 282,235 | 116,752 | 39,335 | 7,938 | 15,425 | 47,438 | 26,607 | 72,553 | 21,847 | 268,360 | 349,474 | 234,862 |
| Group Debtors | 92,192 | 80,173 | 2,073,625 | 1,139,560 | 386,286 | 292,693 | 297,990 | 198,571 | 152,569 | 66,362 | 40,686 | 0 | 0 | 0 |
| Misc Debtors | 79,901 | 110,833 | 193,025 | 42,587 | 42,682 | 57,148 | 33,080 | 53,746 | 79,340 | 63,459 | 47,850 | 0 | 0 | 0 |
| Cash | 2,841,706 | 3,943,489 | 0 | 0 | 54,442 | 41,784 | 38,093 | 38,376 | 68,513 | 129,101 | 246,933 | 159,932 | 30,839 | 18,748 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,439,491 | 4,607,042 | 2,548,885 | 1,298,899 | 522,745 | 399,563 | 384,588 | 338,131 | 327,029 | 331,475 | 357,316 | 428,292 | 380,313 | 253,610 |
| total assets | 3,445,907 | 4,611,116 | 2,548,885 | 1,298,899 | 522,745 | 399,563 | 384,588 | 338,131 | 327,029 | 331,475 | 357,316 | 428,292 | 384,763 | 262,123 |
| 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 | 22,168 | 81,489 | 72,065 | 30,082 | 67,464 | 5,179 | 28,821 | 13,569 | 7,114 | 25,026 | 32,672 | 100,730 | 161,263 | 370,019 |
| Group/Directors Accounts | 82,370 | 1,825,598 | 1,025,942 | 299,280 | 0 | 0 | 0 | 0 | 0 | 0 | 3,743 | 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 | 860,764 | 570,082 | 525,829 | 103,957 | 4,888 | 4,736 | 9,949 | 10,474 | 9,921 | 12,791 | 21,059 | 0 | 0 | 0 |
| total current liabilities | 965,302 | 2,477,169 | 1,623,836 | 433,319 | 72,352 | 9,915 | 38,770 | 24,043 | 17,035 | 37,817 | 57,474 | 100,730 | 161,263 | 370,019 |
| 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 | 495,289 | 361,059 | 176,184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 495,289 | 361,059 | 176,184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,460,591 | 2,838,228 | 1,800,020 | 433,319 | 72,352 | 9,915 | 38,770 | 24,043 | 17,035 | 37,817 | 57,474 | 100,730 | 161,263 | 370,019 |
| net assets | 1,985,316 | 1,772,888 | 748,865 | 865,580 | 450,393 | 389,648 | 345,818 | 314,088 | 309,994 | 293,658 | 299,842 | 327,562 | 223,500 | -107,896 |
| total shareholders funds | 1,985,316 | 1,772,888 | 748,865 | 865,580 | 450,393 | 389,648 | 345,818 | 314,088 | 309,994 | 293,658 | 299,842 | 327,562 | 223,500 | -107,896 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,128,469 | 595,275 | 512,502 | |||||||||||
| Depreciation | 1,843 | 119 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 156 | 4,063 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -104,446 | -108,447 | -97,315 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -65,768 | -1,885,332 | 1,249,986 | 830,596 | 110,524 | 11,284 | 46,740 | 41,239 | 56,142 | 91,991 | -157,977 | -81,114 | 114,612 | 234,862 |
| Creditors | -59,321 | 9,424 | 41,983 | -37,382 | 62,285 | -23,642 | 15,252 | 6,455 | -17,912 | -7,646 | -68,058 | -60,533 | -208,756 | 370,019 |
| Accruals and Deferred Income | 290,682 | 44,253 | 421,872 | 99,069 | 152 | -5,213 | -525 | 553 | -2,870 | -8,268 | 21,059 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 134,230 | 184,875 | 176,184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,148,026 | -123,119 | -353,722 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -1,743,228 | 799,656 | 726,662 | 299,280 | 0 | 0 | 0 | 0 | 0 | -3,743 | 3,743 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| cash flow from financing | 799,656 | 123,119 | 299,280 | 0 | 0 | 0 | 0 | -3,743 | 3,743 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | -1,101,783 | 3,943,489 | 0 | -54,442 | 12,658 | 3,691 | -283 | -30,137 | -60,588 | -117,832 | 87,001 | 129,093 | 12,091 | 18,748 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,101,783 | 3,943,489 | 0 | -54,442 | 12,658 | 3,691 | -283 | -30,137 | -60,588 | -117,832 | 87,001 | 129,093 | 12,091 | 18,748 |
wercs limited Credit Report and Business Information
Wercs Limited Competitor Analysis
Perform a competitor analysis for wercs limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in CV8 area or any other competitors across 12 key performance metrics.
wercs limited Ownership
WERCS LIMITED group structure
Wercs Limited has no subsidiary companies.
Ultimate parent company
CITY ELECTRIC GROUP LTD
#0169375
2 parents
WERCS LIMITED
05876856
wercs limited directors
Wercs Limited currently has 4 directors. The longest serving directors include Mr John Allden (Apr 2009) and Mr Andrew Swift (Apr 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Allden | United Kingdom | 61 years | Apr 2009 | - | Director |
| Mr Andrew Swift | United Kingdom | 56 years | Apr 2009 | - | Director |
| Mr Shaun Donaghey | England | 61 years | Apr 2023 | - | Director |
| Mr Jeremy Saunders | England | 51 years | Apr 2023 | - | Director |
P&L
April 2023turnover
1.4m
-50%
operating profit
139.1k
0%
gross margin
32.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
2m
+0.12%
total assets
3.4m
-0.25%
cash
2.8m
-0.28%
net assets
Total assets minus all liabilities
wercs limited company details
company number
05876856
Type
Private limited with Share Capital
industry
38120 - Collection of hazardous waste
incorporation date
July 2006
age
18
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
April 2023
previous names
N/A
accountant
CROWE UK LLP
auditor
-
address
georgina mackie house, 141 farmer ward road, kenilworth, warwickshire, CV8 2SU
Bank
-
Legal Advisor
-
wercs 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 2 charges/mortgages relating to wercs limited. Currently there are 0 open charges and 2 have been satisfied in the past.
wercs limited Companies House Filings - See Documents
| date | description | view/download |
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