west fraser europe limited
west fraser europe limited Company Information
Company Number
07886600
Website
www.norbord.co.ukRegistered Address
hill village nadder lane, south molton, devon, EX36 4HP
Industry
Manufacture of veneer sheets and wood-based panels
Telephone
01463792424
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
norbord (uk) ltd 100%
west fraser europe limited Estimated Valuation
Pomanda estimates the enterprise value of WEST FRASER EUROPE LIMITED at £306.7m based on a Turnover of £417.2m and 0.74x industry multiple (adjusted for size and gross margin).
west fraser europe limited Estimated Valuation
Pomanda estimates the enterprise value of WEST FRASER EUROPE LIMITED at £135.6m based on an EBITDA of £22.5m and a 6.02x industry multiple (adjusted for size and gross margin).
west fraser europe limited Estimated Valuation
Pomanda estimates the enterprise value of WEST FRASER EUROPE LIMITED at £603m based on Net Assets of £311.7m and 1.94x industry multiple (adjusted for liquidity).
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West Fraser Europe Limited Overview
West Fraser Europe Limited is a live company located in devon, EX36 4HP with a Companies House number of 07886600. It operates in the manufacture of veneer sheets and wood-based panels sector, SIC Code 16210. Founded in December 2011, it's largest shareholder is norbord (uk) ltd with a 100% stake. West Fraser Europe Limited is a established, mega sized company, Pomanda has estimated its turnover at £417.2m with healthy growth in recent years.
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West Fraser Europe Limited Health Check
Pomanda's financial health check has awarded West Fraser Europe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £417.2m, make it larger than the average company (£20m)
£417.2m - West Fraser Europe Limited
£20m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (12.8%)
5% - West Fraser Europe Limited
12.8% - Industry AVG
Production
with a gross margin of 12.3%, this company has a higher cost of product (28.3%)
12.3% - West Fraser Europe Limited
28.3% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (5.8%)
1.8% - West Fraser Europe Limited
5.8% - Industry AVG
Employees
with 646 employees, this is above the industry average (101)
646 - West Fraser Europe Limited
101 - Industry AVG
Pay Structure
on an average salary of £51.3k, the company has a higher pay structure (£38.4k)
£51.3k - West Fraser Europe Limited
£38.4k - Industry AVG
Efficiency
resulting in sales per employee of £645.8k, this is more efficient (£174.5k)
£645.8k - West Fraser Europe Limited
£174.5k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (49 days)
39 days - West Fraser Europe Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (34 days)
25 days - West Fraser Europe Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 40 days, this is in line with average (39 days)
40 days - West Fraser Europe Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (19 weeks)
27 weeks - West Fraser Europe Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.6%, this is a lower level of debt than the average (49.8%)
23.6% - West Fraser Europe Limited
49.8% - Industry AVG
WEST FRASER EUROPE LIMITED financials
West Fraser Europe Limited's latest turnover from December 2023 is £417.2 million and the company has net assets of £311.7 million. According to their latest financial statements, West Fraser Europe Limited has 646 employees and maintains cash reserves of £38.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 417,184,000 | 591,856,000 | 557,146,000 | 365,417,000 | 386,835,000 | 387,783,000 | 333,588,000 | 298,630,000 | 297,097,000 | 309,094,000 | 296,499,000 | 207,740,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 365,752,000 | 424,253,000 | 364,515,000 | 319,545,000 | 332,978,000 | 314,981,000 | 292,260,000 | 256,303,000 | 259,600,000 | 268,410,000 | 258,609,000 | 183,619,000 |
| Gross Profit | 51,432,000 | 167,603,000 | 192,631,000 | 45,872,000 | 53,857,000 | 72,802,000 | 41,328,000 | 42,327,000 | 37,497,000 | 40,684,000 | 37,890,000 | 24,121,000 |
| Admin Expenses | 43,993,000 | 47,340,000 | 47,367,000 | 34,772,000 | 34,682,000 | 34,300,000 | 31,295,000 | 29,344,000 | 28,436,000 | 29,055,000 | 27,866,000 | 20,434,000 |
| Operating Profit | 7,439,000 | 120,263,000 | 145,264,000 | 11,100,000 | 19,175,000 | 38,502,000 | 10,033,000 | 12,983,000 | 9,061,000 | 11,629,000 | 10,024,000 | 3,687,000 |
| Interest Payable | 834,000 | 8,360,000 | 12,769,000 | 13,275,000 | 13,507,000 | 13,227,000 | 13,077,000 | 9,895,000 | 9,668,000 | 9,597,000 | 9,851,000 | 9,198,000 |
| Interest Receivable | 408,000 | 672,000 | 36,000 | 106,000 | 679,000 | 705,000 | 522,000 | 430,000 | 432,000 | 447,000 | 827,000 | 569,000 |
| Pre-Tax Profit | 7,013,000 | 112,575,000 | 132,531,000 | -2,069,000 | 6,347,000 | 25,980,000 | -2,522,000 | 3,509,000 | -207,000 | 2,461,000 | 1,000,000 | -4,942,000 |
| Tax | -2,179,000 | -22,182,000 | -30,014,000 | -1,090,000 | -2,459,000 | -5,861,000 | 421,000 | -1,069,000 | -273,000 | -1,462,000 | -529,000 | 1,003,000 |
| Profit After Tax | 4,834,000 | 90,393,000 | 102,517,000 | -3,159,000 | 3,888,000 | 20,119,000 | -2,101,000 | 2,440,000 | -480,000 | 999,000 | 471,000 | -3,939,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,834,000 | 90,393,000 | 102,517,000 | -3,159,000 | 3,888,000 | 20,119,000 | -2,101,000 | 2,440,000 | -480,000 | 999,000 | 471,000 | -3,939,000 |
| Employee Costs | 33,149,000 | 50,401,000 | 40,412,000 | 30,305,000 | 31,523,000 | 32,615,000 | 32,061,000 | 30,440,000 | 29,950,000 | 30,393,000 | 30,234,000 | 21,305,000 |
| Number Of Employees | 646 | 763 | 712 | 654 | 681 | 735 | 754 | 748 | 754 | 772 | 780 | 779 |
| EBITDA* | 22,527,000 | 135,553,000 | 158,994,000 | 27,540,000 | 40,856,000 | 55,413,000 | 22,157,000 | 23,556,000 | 19,506,000 | 21,289,000 | 21,620,000 | 10,745,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 214,858,000 | 202,813,000 | 195,604,000 | 194,941,000 | 189,645,000 | 174,371,000 | 177,315,000 | 99,372,000 | 66,322,000 | 63,829,000 | 60,644,000 | 59,091,000 |
| Intangible Assets | 23,277,000 | 26,102,000 | 28,927,000 | 31,752,000 | 34,577,000 | 37,402,000 | 40,227,000 | 43,052,000 | 45,877,000 | 49,382,000 | 52,888,000 | 56,393,000 |
| Investments & Other | 34,201,000 | 34,201,000 | 34,201,000 | 38,193,000 | 34,201,000 | 34,201,000 | 34,201,000 | 34,201,000 | 34,201,000 | 34,201,000 | 34,201,000 | 10,625,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,608,000 | 1,608,000 |
| Total Fixed Assets | 272,336,000 | 263,116,000 | 258,732,000 | 264,886,000 | 258,423,000 | 245,974,000 | 251,743,000 | 176,625,000 | 146,400,000 | 147,412,000 | 149,341,000 | 127,717,000 |
| Stock & work in progress | 40,482,000 | 37,484,000 | 37,538,000 | 21,313,000 | 24,459,000 | 23,707,000 | 15,999,000 | 16,501,000 | 19,536,000 | 18,016,000 | 18,839,000 | 14,835,000 |
| Trade Debtors | 44,661,000 | 72,344,000 | 2,436,000 | 3,429,000 | 914,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 3,736,000 | 3,970,000 | 37,424,000 | 16,698,000 | 1,770,000 | 2,597,000 | 1,532,000 | 655,000 | 2,896,000 | 12,980,000 | 1,800,000 | 19,672,000 |
| Misc Debtors | 8,486,000 | 10,845,000 | 8,581,000 | 6,180,000 | 8,195,000 | 7,668,000 | 10,673,000 | 5,516,000 | 3,407,000 | 6,082,000 | 3,297,000 | 2,088,000 |
| Cash | 38,170,000 | 59,415,000 | 134,771,000 | 52,086,000 | 64,298,000 | 77,938,000 | 41,784,000 | 42,790,000 | 30,363,000 | 19,944,000 | 29,425,000 | 35,795,000 |
| misc current assets | 65,000 | 86,000 | 4,588,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 135,600,000 | 184,144,000 | 225,338,000 | 99,706,000 | 99,636,000 | 111,910,000 | 69,988,000 | 65,462,000 | 56,202,000 | 57,022,000 | 53,361,000 | 72,390,000 |
| total assets | 407,936,000 | 447,260,000 | 484,070,000 | 364,592,000 | 358,059,000 | 357,884,000 | 321,731,000 | 242,087,000 | 202,602,000 | 204,434,000 | 202,702,000 | 200,107,000 |
| Bank overdraft | 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 |
| Trade Creditors | 25,295,000 | 22,181,000 | 29,950,000 | 42,263,000 | 32,503,000 | 28,984,000 | 30,866,000 | 32,753,000 | 30,892,000 | 35,352,000 | 34,970,000 | 31,406,000 |
| Group/Directors Accounts | 909,000 | 1,357,000 | 16,388,000 | 93,846,000 | 19,510,000 | 18,589,000 | 15,808,000 | 5,764,000 | 6,649,000 | 2,449,000 | 3,175,000 | 3,862,000 |
| other short term finances | 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 |
| other current liabilities | 46,758,000 | 62,276,000 | 67,436,000 | 43,222,000 | 47,684,000 | 55,171,000 | 42,663,000 | 25,633,000 | 27,289,000 | 27,399,000 | 25,972,000 | 25,135,000 |
| total current liabilities | 72,962,000 | 85,814,000 | 113,774,000 | 179,331,000 | 99,697,000 | 102,744,000 | 89,337,000 | 64,150,000 | 64,830,000 | 65,200,000 | 64,117,000 | 60,403,000 |
| loans | 0 | 35,000,000 | 132,000,000 | 57,000,000 | 132,000,000 | 132,000,000 | 132,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 23,324,000 | 19,650,000 | 17,054,000 | 9,658,000 | 7,847,000 | 7,850,000 | 5,315,000 | 5,087,000 | 4,743,000 | 5,168,000 | 5,295,000 | 6,510,000 |
| total long term liabilities | 23,324,000 | 54,650,000 | 149,054,000 | 66,658,000 | 139,847,000 | 139,850,000 | 137,315,000 | 80,087,000 | 80,276,000 | 81,310,000 | 80,874,000 | 83,354,000 |
| total liabilities | 96,286,000 | 140,464,000 | 262,828,000 | 245,989,000 | 239,544,000 | 242,594,000 | 226,652,000 | 144,237,000 | 145,106,000 | 146,510,000 | 144,991,000 | 143,757,000 |
| net assets | 311,650,000 | 306,796,000 | 221,242,000 | 118,603,000 | 118,515,000 | 115,290,000 | 95,079,000 | 97,850,000 | 57,496,000 | 57,924,000 | 57,711,000 | 56,350,000 |
| total shareholders funds | 311,650,000 | 306,796,000 | 221,242,000 | 118,603,000 | 118,515,000 | 115,290,000 | 95,079,000 | 97,850,000 | 57,496,000 | 57,924,000 | 57,711,000 | 56,350,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 7,439,000 | 120,263,000 | 145,264,000 | 11,100,000 | 19,175,000 | 38,502,000 | 10,033,000 | 12,983,000 | 9,061,000 | 11,629,000 | 10,024,000 | 3,687,000 |
| Depreciation | 12,263,000 | 12,465,000 | 10,905,000 | 13,615,000 | 18,856,000 | 14,086,000 | 9,299,000 | 7,748,000 | 6,940,000 | 6,154,000 | 8,091,000 | 7,058,000 |
| Amortisation | 2,825,000 | 2,825,000 | 2,825,000 | 2,825,000 | 2,825,000 | 2,825,000 | 2,825,000 | 2,825,000 | 3,505,000 | 3,506,000 | 3,505,000 | 0 |
| Tax | -2,179,000 | -22,182,000 | -30,014,000 | -1,090,000 | -2,459,000 | -5,861,000 | 421,000 | -1,069,000 | -273,000 | -1,462,000 | -529,000 | 1,003,000 |
| Stock | 2,998,000 | -54,000 | 16,225,000 | -3,146,000 | 752,000 | 7,708,000 | -502,000 | -3,035,000 | 1,520,000 | -823,000 | 4,004,000 | 14,835,000 |
| Debtors | -30,276,000 | 38,718,000 | 22,134,000 | 15,428,000 | 614,000 | -1,940,000 | 6,034,000 | -132,000 | -12,759,000 | 12,357,000 | -16,663,000 | 23,368,000 |
| Creditors | 3,114,000 | -7,769,000 | -12,313,000 | 9,760,000 | 3,519,000 | -1,882,000 | -1,887,000 | 1,861,000 | -4,460,000 | 382,000 | 3,564,000 | 31,406,000 |
| Accruals and Deferred Income | -15,518,000 | -5,160,000 | 24,214,000 | -4,462,000 | -7,487,000 | 12,508,000 | 17,030,000 | -1,656,000 | -110,000 | 1,427,000 | 837,000 | 25,135,000 |
| Deferred Taxes & Provisions | 3,674,000 | 2,596,000 | 7,396,000 | 1,811,000 | -3,000 | 2,535,000 | 228,000 | 344,000 | -425,000 | -127,000 | -1,215,000 | 6,510,000 |
| Cash flow from operations | 38,896,000 | 64,374,000 | 109,918,000 | 21,277,000 | 33,060,000 | 56,945,000 | 32,417,000 | 26,203,000 | 25,477,000 | 9,975,000 | 36,936,000 | 36,596,000 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | -3,992,000 | 3,992,000 | 0 | 0 | 0 | 0 | 0 | 0 | 23,576,000 | 10,625,000 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -448,000 | -15,031,000 | -77,458,000 | 74,336,000 | 921,000 | 2,781,000 | 10,044,000 | -885,000 | 4,200,000 | -726,000 | -687,000 | 3,862,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -35,000,000 | -97,000,000 | 75,000,000 | -75,000,000 | 0 | 0 | 57,000,000 | 0 | 0 | 0 | 0 | 75,000,000 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | -426,000 | -7,688,000 | -12,733,000 | -13,169,000 | -12,828,000 | -12,522,000 | -12,555,000 | -9,465,000 | -9,236,000 | -9,150,000 | -9,024,000 | -8,629,000 |
| cash flow from financing | -35,854,000 | -124,558,000 | -15,069,000 | -10,586,000 | -12,570,000 | -9,649,000 | 53,819,000 | 27,564,000 | -4,984,000 | -10,662,000 | -8,821,000 | 130,522,000 |
| cash and cash equivalents | ||||||||||||
| cash | -21,245,000 | -75,356,000 | 82,685,000 | -12,212,000 | -13,640,000 | 36,154,000 | -1,006,000 | 12,427,000 | 10,419,000 | -9,481,000 | -6,370,000 | 35,795,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -21,245,000 | -75,356,000 | 82,685,000 | -12,212,000 | -13,640,000 | 36,154,000 | -1,006,000 | 12,427,000 | 10,419,000 | -9,481,000 | -6,370,000 | 35,795,000 |
west fraser europe limited Credit Report and Business Information
West Fraser Europe Limited Competitor Analysis
Perform a competitor analysis for west fraser europe limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in EX36 area or any other competitors across 12 key performance metrics.
west fraser europe limited Ownership
WEST FRASER EUROPE LIMITED group structure
West Fraser Europe Limited has no subsidiary companies.
Ultimate parent company
WEST FRASER TIMBER CO LTD
#0166672
2 parents
WEST FRASER EUROPE LIMITED
07886600
west fraser europe limited directors
West Fraser Europe Limited currently has 3 directors. The longest serving directors include Mr Alan McMeekin (Dec 2011) and Ms Robin Lampard (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan McMeekin | 56 years | Dec 2011 | - | Director | |
| Ms Robin Lampard | Canada | 57 years | May 2014 | - | Director |
| Mr Stephen Roebuck | Scotland | 68 years | Apr 2018 | - | Director |
P&L
December 2023turnover
417.2m
-30%
operating profit
7.4m
-94%
gross margin
12.4%
-56.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
311.7m
+0.02%
total assets
407.9m
-0.09%
cash
38.2m
-0.36%
net assets
Total assets minus all liabilities
west fraser europe limited company details
company number
07886600
Type
Private limited with Share Capital
industry
16210 - Manufacture of veneer sheets and wood-based panels
incorporation date
December 2011
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
norbord europe limited (July 2023)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
hill village nadder lane, south molton, devon, EX36 4HP
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
west fraser europe 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 did not find charges/mortgages relating to west fraser europe limited.
west fraser europe limited Companies House Filings - See Documents
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