westcountry solar solutions limited

westcountry solar solutions limited Company Information

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Company Number

07690167

Industry

Production of electricity

 

Shareholders

aviva investors pip solar pv no1 ltd

Group Structure

View All

Contact

Registered Address

80 fenchurch street, london, EC3M 4AE

westcountry solar solutions limited Estimated Valuation

£211.4k

Pomanda estimates the enterprise value of WESTCOUNTRY SOLAR SOLUTIONS LIMITED at £211.4k based on a Turnover of £166.7k and 1.27x industry multiple (adjusted for size and gross margin).

westcountry solar solutions limited Estimated Valuation

£215.1k

Pomanda estimates the enterprise value of WESTCOUNTRY SOLAR SOLUTIONS LIMITED at £215.1k based on an EBITDA of £56.3k and a 3.82x industry multiple (adjusted for size and gross margin).

westcountry solar solutions limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WESTCOUNTRY SOLAR SOLUTIONS LIMITED at £0 based on Net Assets of £-750.1k and 2.8x industry multiple (adjusted for liquidity).

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Westcountry Solar Solutions Limited Overview

Westcountry Solar Solutions Limited is a live company located in london, EC3M 4AE with a Companies House number of 07690167. It operates in the production of electricity sector, SIC Code 35110. Founded in July 2011, it's largest shareholder is aviva investors pip solar pv no1 ltd with a 100% stake. Westcountry Solar Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £166.7k with declining growth in recent years.

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Westcountry Solar Solutions Limited Health Check

There is insufficient data available to calculate a health check for Westcountry Solar Solutions Limited. Company Health Check FAQs

Health Check Image
Health Rating0out of 5
positive_score

0 Strong

positive_score

0 Regular

positive_score

9 Weak

size

Size

annual sales of £166.7k, make it smaller than the average company (£1.7m)

£166.7k - Westcountry Solar Solutions Limited

£1.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (10.8%)

-10% - Westcountry Solar Solutions Limited

10.8% - Industry AVG

production

Production

with a gross margin of 51.6%, this company has a higher cost of product (71.7%)

51.6% - Westcountry Solar Solutions Limited

71.7% - Industry AVG

profitability

Profitability

an operating margin of 4.2% make it less profitable than the average company (51.4%)

4.2% - Westcountry Solar Solutions Limited

51.4% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (3)

1 - Westcountry Solar Solutions Limited

3 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Westcountry Solar Solutions Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £166.7k, this is less efficient (£445.4k)

£166.7k - Westcountry Solar Solutions Limited

£445.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Westcountry Solar Solutions Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is quicker than average (21 days)

11 days - Westcountry Solar Solutions Limited

21 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Westcountry Solar Solutions Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)

0 weeks - Westcountry Solar Solutions Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 178.3%, this is a higher level of debt than the average (89.8%)

178.3% - Westcountry Solar Solutions Limited

89.8% - Industry AVG

WESTCOUNTRY SOLAR SOLUTIONS LIMITED financials

EXPORTms excel logo

Westcountry Solar Solutions Limited's latest turnover from December 2023 is £166.7 thousand and the company has net assets of -£750.1 thousand. According to their latest financial statements, we estimate that Westcountry Solar Solutions Limited has 1 employee and maintains cash reserves of £503 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012
Turnover166,734206,896197,124229,907223,203245,48522,2779,1092,203,9541,699,0051,706,4862,796,625
Other Income Or Grants000000000000
Cost Of Sales80,632106,895118,541203,094167,316146,28410,8304,1421,074,590763,674852,9331,461,121
Gross Profit86,102100,00178,58326,81355,88799,20111,4464,9671,129,364935,331853,5531,335,504
Admin Expenses79,15379,24171,330102,30120,68295,887-33,95650,7111,070,198940,158866,2691,620,586
Operating Profit6,94920,7607,253-75,48835,2053,31445,402-45,74459,166-4,827-12,716-285,082
Interest Payable150,505249,206145,09774,41198,789148,76587,50091,00091,00091,00091,00045,500
Interest Receivable0000001376696301541,2341,175
Pre-Tax Profit-143,556-228,446-137,844-3,999-64,613-145,451-41,961-136,075-31,204-95,673-102,482-329,407
Tax29,07241,01920,92318,96700000000
Profit After Tax-114,484-187,427-116,92114,968-64,613-145,451-41,961-136,075-31,204-95,673-102,482-329,407
Dividends Paid000000000000
Retained Profit-114,484-187,427-116,92114,968-64,613-145,451-41,961-136,075-31,204-95,673-102,482-329,407
Employee Costs00000061,69159,607388,773351,000298,167458,768
Number Of Employees111111117658
EBITDA*56,25083,10093,40419,628134,434141,985111,28020,134129,23464,96757,076-263,130

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012
Tangible Assets654,257703,558765,898852,0491,059,6691,159,4471,298,1181,363,9961,429,8751,583,3051,653,0991,716,459
Intangible Assets000000000000
Investments & Other000000000000
Debtors (Due After 1 year)000000000000
Total Fixed Assets654,257703,558765,898852,0491,059,6691,159,4471,298,1181,363,9961,429,8751,583,3051,653,0991,716,459
Stock & work in progress000000000000
Trade Debtors0000002,291445178,012128,396132,456178,896
Group Debtors102,169135,53158,04135,1335,1450000000
Misc Debtors201,31764,99738,99132,43738,73459,974135,849136,8040000
Cash503187,495149,04768,613197,332122,21756,41753,463213,99638,08523,699469,898
misc current assets000000000000
total current assets303,989388,023246,079136,183241,211182,191194,557190,712392,008166,481156,155648,794
total assets958,2461,091,5811,011,977988,2321,300,8801,341,6381,492,6751,554,7081,821,8831,749,7861,809,2542,365,253
Bank overdraft000000000000
Bank loan0000001,400,0001,400,0000000
Trade Creditors 2,4582,3176,1826,33112,53424,2448332,510380,049276,748240,543694,060
Group/Directors Accounts75,680183,42797,52643,39935,35814,500000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities28,11020,02521,87023,51222,81320,047228,044246,4390000
total current liabilities106,248205,769125,57873,24270,70558,7911,628,8771,648,949380,049276,748240,543694,060
loans1,602,1281,521,4581,334,6181,246,2881,576,4411,564,500001,400,0001,400,0001,400,0001,400,000
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities000000000000
provisions000000000000
total long term liabilities1,602,1281,521,4581,334,6181,246,2881,576,4411,564,500001,400,0001,400,0001,400,0001,400,000
total liabilities1,708,3761,727,2271,460,1961,319,5301,647,1461,623,2911,628,8771,648,9491,780,0491,676,7481,640,5432,094,060
net assets-750,130-635,646-448,219-331,298-346,266-281,653-136,202-94,24141,83473,038168,711271,193
total shareholders funds-750,130-635,646-448,219-331,298-346,266-281,653-136,202-94,24141,83473,038168,711271,193
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012
Operating Activities
Operating Profit6,94920,7607,253-75,48835,2053,31445,402-45,74459,166-4,827-12,716-285,082
Depreciation49,30162,34086,15195,11699,229138,67165,87865,87870,06869,79469,79221,952
Amortisation000000000000
Tax29,07241,01920,92318,96700000000
Stock000000000000
Debtors102,958103,49629,46223,691-16,095-78,166891-40,76349,616-4,060-46,440178,896
Creditors141-3,865-149-6,203-11,71023,411-1,677-377,539103,30136,205-453,517694,060
Accruals and Deferred Income8,085-1,845-1,6426992,766-207,997-18,395246,4390000
Deferred Taxes & Provisions000000000000
Cash flow from operations-9,41014,91383,0749,400141,58535,56590,317-70,203182,919105,232-350,001252,034
Investing Activities
capital expenditure000112,50454900183,3620-6,432-1,738,411
Change in Investments000000000000
cash flow from investments000112,50454900183,3620-6,432-1,738,411
Financing Activities
Bank loans00000-1,400,00001,400,0000000
Group/Directors Accounts-107,74785,90154,1278,04120,85814,500000000
Other Short Term Loans 000000000000
Long term loans80,670186,84088,330-330,15311,9411,564,5000-1,400,0000001,400,000
Hire Purchase and Lease Commitments000000000000
other long term liabilities000000000000
share issue00000000000600,600
interest-150,505-249,206-145,097-74,411-98,789-148,765-87,363-90,331-90,370-90,846-89,766-44,325
cash flow from financing-177,58223,535-2,640-396,523-65,99030,235-87,363-90,331-90,370-90,846-89,7661,956,275
cash and cash equivalents
cash-186,99238,44880,434-128,71975,11565,8002,954-160,533175,91114,386-446,199469,898
overdraft000000000000
change in cash-186,99238,44880,434-128,71975,11565,8002,954-160,533175,91114,386-446,199469,898

westcountry solar solutions limited 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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Westcountry Solar Solutions Limited Competitor Analysis

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Perform a competitor analysis for westcountry solar solutions limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other micro companies, companies in EC3M area or any other competitors across 12 key performance metrics.

westcountry solar solutions limited Ownership

WESTCOUNTRY SOLAR SOLUTIONS LIMITED group structure

Westcountry Solar Solutions Limited has no subsidiary companies.

Ultimate parent company

2 parents

WESTCOUNTRY SOLAR SOLUTIONS LIMITED

07690167

WESTCOUNTRY SOLAR SOLUTIONS LIMITED Shareholders

aviva investors pip solar pv no1 ltd 100%

westcountry solar solutions limited directors

Westcountry Solar Solutions Limited currently has 3 directors. The longest serving directors include Mr Charles Herriott (Mar 2021) and Mrs Jolanta Touzard (Dec 2022).

officercountryagestartendrole
Mr Charles HerriottEngland38 years Mar 2021- Director
Mrs Jolanta TouzardUnited Kingdom48 years Dec 2022- Director
Ms Deborah BirdUnited Kingdom49 years Oct 2024- Director

P&L

December 2023

turnover

166.7k

-19%

operating profit

6.9k

-67%

gross margin

51.7%

+6.84%

turnover

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

Balance Sheet

December 2023

net assets

-750.1k

+0.18%

total assets

958.2k

-0.12%

cash

503

-1%

net assets

Total assets minus all liabilities

westcountry solar solutions limited company details

company number

07690167

Type

Private limited with Share Capital

industry

35110 - Production of electricity

incorporation date

July 2011

age

14

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

crossco (1244) limited (August 2011)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

80 fenchurch street, london, EC3M 4AE

Bank

-

Legal Advisor

-

westcountry solar solutions 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 1 charges/mortgages relating to westcountry solar solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.

westcountry solar solutions limited 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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westcountry solar solutions limited Companies House Filings - See Documents

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