westway trust
westway trust Company Information
Company Number
06475436
Next Accounts
13 days late
Shareholders
-
Group Structure
View All
Industry
Other human health activities
+3Registered Address
1 thorpe close, london, W10 5XL
Website
www.westway.orgwestway trust Estimated Valuation
Pomanda estimates the enterprise value of WESTWAY TRUST at £9.5m based on a Turnover of £6.2m and 1.54x industry multiple (adjusted for size and gross margin).
westway trust Estimated Valuation
Pomanda estimates the enterprise value of WESTWAY TRUST at £0 based on an EBITDA of £-3.6m and a 5.18x industry multiple (adjusted for size and gross margin).
westway trust Estimated Valuation
Pomanda estimates the enterprise value of WESTWAY TRUST at £123.8m based on Net Assets of £59.7m and 2.07x industry multiple (adjusted for liquidity).
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Westway Trust Overview
Westway Trust is a live company located in london, W10 5XL with a Companies House number of 06475436. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2008, it's largest shareholder is unknown. Westway Trust is a established, mid sized company, Pomanda has estimated its turnover at £6.2m with low growth in recent years.
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Westway Trust Health Check
Pomanda's financial health check has awarded Westway Trust a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £6.2m, make it larger than the average company (£657.5k)
£6.2m - Westway Trust
£657.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.6%)
1% - Westway Trust
3.6% - Industry AVG
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
56.7% - Westway Trust
56.7% - Industry AVG
Profitability
an operating margin of -65.4% make it less profitable than the average company (13.1%)
-65.4% - Westway Trust
13.1% - Industry AVG
Employees
with 38 employees, this is above the industry average (14)
38 - Westway Trust
14 - Industry AVG
Pay Structure
on an average salary of £46.1k, the company has a higher pay structure (£25.2k)
£46.1k - Westway Trust
£25.2k - Industry AVG
Efficiency
resulting in sales per employee of £162.1k, this is more efficient (£75.9k)
£162.1k - Westway Trust
£75.9k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (20 days)
7 days - Westway Trust
20 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (32 days)
28 days - Westway Trust
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Westway Trust
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 107 weeks, this is more cash available to meet short term requirements (84 weeks)
107 weeks - Westway Trust
84 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.9%, this is a lower level of debt than the average (37.2%)
3.9% - Westway Trust
37.2% - Industry AVG
WESTWAY TRUST financials
Westway Trust's latest turnover from March 2023 is £6.2 million and the company has net assets of £59.7 million. According to their latest financial statements, Westway Trust has 38 employees and maintains cash reserves of £4 million 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 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,160,000 | 6,772,000 | 5,980,000 | 6,055,000 | 8,278,000 | 6,046,000 | 7,147,000 | 8,078,000 | 8,162,000 | 7,747,488 | 7,291,340 | 7,430,414 | 7,177,257 | 6,817,983 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -3,903,000 | 886,000 | -1,223,000 | 1,458,000 | 2,326,000 | 1,166,000 | 767,000 | 202,000 | 315,000 | 18,655 | -288,077 | 115,462 | 404,565 | 111,899 |
| Tax | ||||||||||||||
| Profit After Tax | -3,903,000 | 886,000 | -1,223,000 | 1,458,000 | 2,326,000 | 1,166,000 | 767,000 | 202,000 | 315,000 | 18,655 | -288,077 | 115,462 | 404,565 | 111,899 |
| Dividends Paid | ||||||||||||||
| Retained Profit | -3,903,000 | 886,000 | -1,223,000 | 1,458,000 | 2,326,000 | 1,166,000 | 767,000 | 202,000 | 315,000 | 18,655 | -288,077 | 115,462 | 404,565 | 111,899 |
| Employee Costs | 1,750,000 | 1,828,000 | 1,779,000 | 2,256,000 | 2,016,000 | 2,134,000 | 2,957,000 | 3,479,000 | 3,548,000 | 3,520,517 | 3,119,876 | 2,898,871 | 2,786,895 | 2,937,377 |
| Number Of Employees | 38 | 57 | 67 | 73 | 48 | 49 | 84 | 113 | 118 | 114 | 109 | 98 | 95 | 87 |
| EBITDA* |
* 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 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 173,000 | 1,673,000 | 2,110,000 | 2,589,000 | 2,948,000 | 1,039,000 | 1,048,000 | 11,326,000 | 11,727,000 | 11,982,768 | 12,640,366 | 12,779,964 | 12,866,178 | 12,910,664 |
| Intangible Assets | 9,000 | 10,000 | 10,000 | 18,000 | 131,000 | 23,000 | 24,000 | 2,000 | 32,000 | 234,335 | ||||
| Investments & Other | 52,445,000 | 55,421,000 | 55,196,000 | 55,566,000 | 54,020,000 | 53,988,000 | 51,848,000 | 31,037,000 | 31,037,000 | 23,994,000 | 13,498,000 | 13,360,000 | 13,360,000 | 12,824,000 |
| Debtors (Due After 1 year) | 626,000 | 979,000 | 1,204,000 | 1,429,000 | 1,637,000 | 1,170,000 | 465,000 | |||||||
| Total Fixed Assets | 53,253,000 | 58,083,000 | 58,520,000 | 59,602,000 | 58,736,000 | 56,220,000 | 53,385,000 | 42,365,000 | 42,796,000 | 36,211,103 | 26,138,366 | 26,139,964 | 26,226,178 | 25,734,664 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 130,000 | 481,000 | 355,000 | 549,000 | 341,000 | 106,000 | 183,000 | 76,000 | 58,000 | 51,399 | 204,283 | 75,892 | 110,798 | 93,146 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 1,045,000 | 1,020,000 | 315,000 | 517,000 | 720,000 | 260,000 | 73,000 | 313,000 | 132,000 | 140,952 | 182,995 | 213,130 | 368,544 | 154,255 |
| Cash | 4,046,000 | 1,737,000 | 1,613,000 | 5,240,000 | 4,242,000 | 4,745,000 | 1,844,000 | 215,000 | 204,000 | 225,696 | 174,814 | 94,978 | 3,573,017 | 3,114,057 |
| misc current assets | 3,670,000 | 3,666,000 | 3,666,000 | 4,291,000 | 5,391,000 | 4,481,000 | 3,781,324 | 3,281,309 | 3,731,294 | |||||
| total current assets | 8,891,000 | 6,904,000 | 5,949,000 | 6,306,000 | 5,303,000 | 5,111,000 | 6,391,000 | 5,995,000 | 4,875,000 | 4,199,371 | 3,843,401 | 4,115,294 | 4,052,359 | 3,361,458 |
| total assets | 62,144,000 | 64,987,000 | 64,469,000 | 65,908,000 | 64,039,000 | 61,331,000 | 59,776,000 | 48,360,000 | 47,671,000 | 40,410,474 | 29,981,767 | 30,255,258 | 30,278,537 | 29,096,122 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 207,000 | 173,000 | 248,000 | 458,000 | 615,000 | 257,000 | 186,000 | 480,000 | 281,000 | 416,836 | 364,476 | 624,191 | 365,315 | 347,689 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,756,000 | 712,000 | 1,230,000 | 1,285,000 | 849,000 | 740,000 | 1,156,000 | 1,109,000 | 817,000 | 798,285 | 711,199 | 531,823 | 927,445 | 744,550 |
| total current liabilities | 1,963,000 | 885,000 | 1,478,000 | 1,743,000 | 1,464,000 | 997,000 | 1,342,000 | 1,589,000 | 1,098,000 | 1,215,121 | 1,075,675 | 1,156,014 | 1,292,760 | 1,092,239 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 480,000 | 498,000 | 273,000 | 224,000 | 92,000 | 177,000 | 205,000 | 212,000 | 231,000 | 43,344 | 87,017 | 47,334 | 47,329 | |
| provisions | ||||||||||||||
| total long term liabilities | 480,000 | 498,000 | 273,000 | 224,000 | 92,000 | 177,000 | 305,000 | 368,000 | 674,000 | 251,344 | 693,017 | 571,334 | 203,329 | 2,481,000 |
| total liabilities | 2,443,000 | 1,383,000 | 1,751,000 | 1,967,000 | 1,556,000 | 1,174,000 | 1,647,000 | 1,957,000 | 1,772,000 | 1,466,465 | 1,768,692 | 1,727,348 | 1,496,089 | 3,573,239 |
| net assets | 59,701,000 | 63,604,000 | 62,718,000 | 63,941,000 | 62,483,000 | 60,157,000 | 58,129,000 | 46,403,000 | 45,899,000 | 38,944,009 | 28,213,075 | 28,527,910 | 28,782,448 | 25,522,883 |
| total shareholders funds | 59,701,000 | 63,604,000 | 62,718,000 | 63,941,000 | 62,483,000 | 60,157,000 | 58,129,000 | 46,403,000 | 45,899,000 | 38,944,009 | 28,213,075 | 28,527,910 | 28,782,448 | 25,522,883 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 441,000 | 466,000 | 34,000 | 484,000 | 41,000 | 65,000 | 518,000 | 564,000 | 447,623 | 146,844 | 164,169 | 144,599 | 507,224 | |
| Amortisation | 8,000 | 19,000 | 20,000 | 11,000 | 30,000 | |||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | -679,000 | 606,000 | -621,000 | -203,000 | 1,162,000 | 815,000 | 332,000 | 199,000 | -2,351 | -194,927 | 98,256 | -190,320 | 231,941 | 247,401 |
| Creditors | 34,000 | -75,000 | -210,000 | -157,000 | 358,000 | 71,000 | -294,000 | 199,000 | -135,836 | 52,360 | -259,715 | 258,876 | 17,626 | 347,689 |
| Accruals and Deferred Income | 1,044,000 | -518,000 | -55,000 | 436,000 | 109,000 | -416,000 | 47,000 | 292,000 | 18,715 | 87,086 | 179,376 | -395,622 | 182,895 | 744,550 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -151,000 | -28,000 | -43,000 | -836,000 | -1,482,000 | -24,000 | -118,000 | -305,000 | -384,849 | -603,814 | -504,226 | -499,049 | -417,780 | |
| Change in Investments | -2,976,000 | 225,000 | -370,000 | 1,546,000 | 32,000 | 2,140,000 | 20,811,000 | 7,043,000 | 10,496,000 | 138,000 | 536,000 | 12,824,000 | ||
| cash flow from investments | 2,825,000 | -253,000 | 370,000 | -1,589,000 | -868,000 | -3,622,000 | -20,835,000 | -118,000 | -7,348,000 | -10,880,849 | -741,814 | -504,226 | -1,035,049 | -13,241,780 |
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -18,000 | 225,000 | 49,000 | 132,000 | -85,000 | -28,000 | -7,000 | -19,000 | 187,656 | -43,673 | 39,683 | 5 | 47,329 | |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | -18,000 | 225,000 | 49,000 | 132,000 | -85,000 | 834,000 | 10,952,000 | 283,000 | 6,827,647 | 10,668,606 | 12,925 | -369,995 | 2,902,329 | 25,410,984 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,309,000 | 124,000 | -3,627,000 | 998,000 | -503,000 | 2,901,000 | 1,629,000 | 11,000 | -21,696 | 50,882 | 79,836 | -3,478,039 | 458,960 | 3,114,057 |
| overdraft | ||||||||||||||
| change in cash | 2,309,000 | 124,000 | -3,627,000 | 998,000 | -503,000 | 2,901,000 | 1,629,000 | 11,000 | -21,696 | 50,882 | 79,836 | -3,478,039 | 458,960 | 3,114,057 |
westway trust Credit Report and Business Information
Westway Trust Competitor Analysis
Perform a competitor analysis for westway trust by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in W10 area or any other competitors across 12 key performance metrics.
westway trust Ownership
WESTWAY TRUST group structure
Westway Trust has no subsidiary companies.
Ultimate parent company
WESTWAY TRUST
06475436
westway trust directors
Westway Trust currently has 13 directors. The longest serving directors include Councillor Marwan Elnaghi (Jul 2019) and Mr Thomas Fitch (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Councillor Marwan Elnaghi | 67 years | Jul 2019 | - | Director | |
| Mr Thomas Fitch | England | 71 years | Nov 2019 | - | Director |
| Mr Tobias Belson | 48 years | Jan 2020 | - | Director | |
| Mr Huey Walker | 46 years | Feb 2020 | - | Director | |
| Councillor Marie-Therese Rossi | 67 years | Aug 2020 | - | Director | |
| Councillor Marie Rossi | United Kingdom | 67 years | Aug 2020 | - | Director |
| Mr Jonathan Kelly | 42 years | Jun 2021 | - | Director | |
| Miss Minal Patel | 46 years | Jul 2021 | - | Director | |
| Miss Niamh Graham | 25 years | Apr 2022 | - | Director | |
| Mr Andrew Abdulezer | 48 years | Mar 2024 | - | Director |
P&L
March 2023turnover
6.2m
-9%
operating profit
-4m
0%
gross margin
56.8%
+0.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
59.7m
-0.06%
total assets
62.1m
-0.04%
cash
4m
+1.33%
net assets
Total assets minus all liabilities
westway trust company details
company number
06475436
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
86900 - Other human health activities
85590 - Other education n.e.c.
93110 - Operation of sports facilities
incorporation date
January 2008
age
17
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
westway development trust (May 2014)
accountant
-
auditor
TC GROUP
address
1 thorpe close, london, W10 5XL
Bank
BARCLAYS BANK PLC, BARCLAYS BANK PLC, BARCLAYS BANK PLC
Legal Advisor
BATES WELLS LLP
westway trust 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 westway trust.
westway trust 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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westway trust Companies House Filings - See Documents
| date | description | view/download |
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