western & british art ltd

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western & british art ltd Company Information

Share WESTERN & BRITISH ART LTD

Company Number

05958566

Shareholders

giuseppe testori

carlotta testori

Group Structure

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Industry

Other retail sale not in stores, stalls or markets

 

Registered Address

24 wandsworth road, london, SW8 2JW

western & british art ltd Estimated Valuation

£606.1k

Pomanda estimates the enterprise value of WESTERN & BRITISH ART LTD at £606.1k based on a Turnover of £2m and 0.3x industry multiple (adjusted for size and gross margin).

western & british art ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of WESTERN & BRITISH ART LTD at £0 based on an EBITDA of £-50 and a 3x industry multiple (adjusted for size and gross margin).

western & british art ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of WESTERN & BRITISH ART LTD at £0 based on Net Assets of £-213.5k and 2.04x industry multiple (adjusted for liquidity).

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Western & British Art Ltd Overview

Western & British Art Ltd is a live company located in london, SW8 2JW with a Companies House number of 05958566. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in October 2006, it's largest shareholder is giuseppe testori with a 50% stake. Western & British Art Ltd is a established, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Western & British Art Ltd Health Check

Pomanda's financial health check has awarded Western & British Art Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £2m, make it smaller than the average company (£2.7m)

£2m - Western & British Art Ltd

£2.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (9.3%)

-19% - Western & British Art Ltd

9.3% - Industry AVG

production

Production

with a gross margin of 30.5%, this company has a comparable cost of product (30.5%)

30.5% - Western & British Art Ltd

30.5% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (4.2%)

0% - Western & British Art Ltd

4.2% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (17)

3 - Western & British Art Ltd

17 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.5k, the company has an equivalent pay structure (£38.5k)

£38.5k - Western & British Art Ltd

£38.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £664.3k, this is more efficient (£234k)

£664.3k - Western & British Art Ltd

£234k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 9 days, this is earlier than average (33 days)

9 days - Western & British Art Ltd

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 125 days, this is slower than average (37 days)

125 days - Western & British Art Ltd

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 286 days, this is more than average (72 days)

286 days - Western & British Art Ltd

72 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)

0 weeks - Western & British Art Ltd

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 118.6%, this is a higher level of debt than the average (62.4%)

118.6% - Western & British Art Ltd

62.4% - Industry AVG

WESTERN & BRITISH ART LTD financials

EXPORTms excel logo

Western & British Art Ltd's latest turnover from December 2023 is estimated at £2 million and the company has net assets of -£213.5 thousand. According to their latest financial statements, Western & British Art Ltd has 3 employees and maintains cash reserves of £2.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Oct 2010Oct 2009
Turnover1,992,8721,944,8361,975,1383,710,2865,446,8763,524,4244,223,8042,141,3301,677,3012,150,3922,284,9762,227,9172,739,256
Other Income Or Grants
Cost Of Sales1,384,1981,351,3371,387,6952,547,0103,650,1552,361,8342,797,2971,378,8951,103,4281,447,5021,543,3461,467,6961,799,215
Gross Profit608,674593,500587,4431,163,2761,796,7211,162,5901,426,506762,435573,873702,890741,630760,221940,041
Admin Expenses608,724611,932585,0641,130,7471,774,057921,4531,434,508772,297993,109-530,599703,673742,452714,503978,576413,037
Operating Profit-50-18,4322,37932,52922,664241,137-8,002-9,862-419,236530,599-783-82245,718-38,535-413,037
Interest Payable71884342
Interest Receivable5524271812691148191164
Pre-Tax Profit-2-18,4482,37532,53122,735241,174-8,018-9,853-419,235530,600-779-74145,808-38,519-413,033
Tax-451-6,181-4,320-45,823-111,426-11,910
Profit After Tax-2-18,4481,92426,35018,415195,351-8,018-9,853-419,235419,174-779-74133,898-38,519-413,033
Dividends Paid
Retained Profit-2-18,4481,92426,35018,415195,351-8,018-9,853-419,235419,174-779-74133,898-38,519-413,033
Employee Costs115,395109,123109,036100,863103,216588,780659,117328,250237,404285,040322,264333,657434,362
Number Of Employees3333317201079101115
EBITDA*-50-18,4322,37932,52922,664241,137-8,002-9,862-419,236530,599-783-82245,718-18,555-401,511

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Oct 2010Oct 2009
Tangible Assets19,980
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets19,980
Stock & work in progress1,087,5461,087,5461,087,5461,087,5461,242,7641,239,9671,050,590682,757441,595441,595441,595441,595546,031609,915
Trade Debtors53,17253,17251,56951,5697,4487,4487,44829,9538,243
Group Debtors
Misc Debtors5,9175,9175,3757,4264,57142193
Cash2,0881333,10680218,1023,4206,9573483971,17631,4124,8301,429
misc current assets
total current assets1,148,7231,146,6351,144,6231,149,6471,248,1371,258,0691,054,052689,907441,943449,440450,219480,455580,814619,587
total assets1,148,7231,146,6351,144,6231,149,6471,248,1371,258,0691,054,052689,907441,943449,440450,219480,455580,814639,567
Bank overdraft1212601,281
Bank loan
Trade Creditors 475,030475,030451,4211,346,6351,471,475456,940713,716294,831868,612868,612898,1071,032,3641,052,598
Group/Directors Accounts458,368629,518822,662
other short term finances
hp & lease commitments
other current liabilities887,207884,996888,006584,514146,6411,500861,176
total current liabilities1,362,2371,360,1471,339,6871,346,6351,471,4751,499,8221,491,1561,118,993861,176868,612868,612898,1071,032,3641,052,598
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities1,362,2371,360,1471,339,6871,346,6351,471,4751,499,8221,491,1561,118,993861,176868,612868,612898,1071,032,3641,052,598
net assets-213,514-213,512-195,064-196,988-223,338-241,753-437,104-429,086-419,233-419,172-418,393-417,652-451,550-413,031
total shareholders funds-213,514-213,512-195,064-196,988-223,338-241,753-437,104-429,086-419,233-419,172-418,393-417,652-451,550-413,031
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Oct 2010Oct 2009
Operating Activities
Operating Profit-50-18,4322,37932,52922,664241,137-8,002-9,862-419,236530,599-783-82245,718-38,535-413,037
Depreciation19,98011,526
Amortisation
Tax-451-6,181-4,320-45,823-111,426-11,910
Stock-155,2182,797189,377367,833241,162441,595-441,595-104,436-63,884609,915
Debtors2,145-2,05154,4244,571-42-151193-7,448-22,50521,7108,243
Creditors23,609-895,214-124,8401,014,535-256,776418,885294,831-868,612-29,495-134,257-20,2341,052,598
Accruals and Deferred Income2,211-3,010888,006-584,514437,873145,141-859,676861,176
Deferred Taxes & Provisions
Cash flow from operations2,16122-3,2292,302440,997187,076188,342-816,062345-396-783-30,31726,4923,38532,929
Investing Activities
capital expenditure-31,506
Change in Investments
cash flow from investments-31,506
Financing Activities
Bank loans
Group/Directors Accounts-458,368-171,150-193,144822,662
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue2-22
interest48-16-427138-1691148191164
cash flow from financing48-16-42-458,297-171,112-193,160822,6713-148191166
cash and cash equivalents
cash2,088-133-2,9732,304-17,30014,682-3,5376,609348-397-779-30,23626,5823,4011,429
overdraft-121-139260-1,2811,281
change in cash2,2096-3,2332,304-17,30015,963-4,8186,609348-397-779-30,23626,5823,4011,429

western & british art ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Western & British Art Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for western & british art ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SW8 area or any other competitors across 12 key performance metrics.

western & british art ltd Ownership

WESTERN & BRITISH ART LTD group structure

Western & British Art Ltd has no subsidiary companies.

Ultimate parent company

WESTERN & BRITISH ART LTD

05958566

WESTERN & BRITISH ART LTD Shareholders

giuseppe testori 50%
carlotta testori 50%

western & british art ltd directors

Western & British Art Ltd currently has 3 directors. The longest serving directors include Mr Edoardo Testori (Oct 2006) and Mr Giuseppe Testori (Jul 2019).

officercountryagestartendrole
Mr Edoardo TestoriItaly77 years Oct 2006- Director
Mr Giuseppe Testori48 years Jul 2019- Director
Ms Carlotta Testori45 years Jul 2019- Director

P&L

December 2023

turnover

2m

+2%

operating profit

-50

0%

gross margin

30.6%

+0.08%

turnover

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

Balance Sheet

December 2023

net assets

-213.5k

0%

total assets

1.1m

0%

cash

2.1k

0%

net assets

Total assets minus all liabilities

western & british art ltd company details

company number

05958566

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

October 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

testori uk ltd (March 2015)

cba testori uk ltd (October 2008)

accountant

-

auditor

-

address

24 wandsworth road, london, SW8 2JW

Bank

-

Legal Advisor

-

western & british art ltd 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 western & british art ltd.

western & british art ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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western & british art ltd Companies House Filings - See Documents

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