wsb coatings limited

wsb coatings limited Company Information

Share WSB COATINGS LIMITED
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Company Number

08393989

Industry

Treatment and coating of metals

 

Shareholders

michelle julie woodhouse

Group Structure

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Contact

Registered Address

lifford hall lifford lane, kings norton, birmingham, west midlands, B30 3JN

wsb coatings limited Estimated Valuation

£397.7k

Pomanda estimates the enterprise value of WSB COATINGS LIMITED at £397.7k based on a Turnover of £889.8k and 0.45x industry multiple (adjusted for size and gross margin).

wsb coatings limited Estimated Valuation

£111.1k

Pomanda estimates the enterprise value of WSB COATINGS LIMITED at £111.1k based on an EBITDA of £31.4k and a 3.53x industry multiple (adjusted for size and gross margin).

wsb coatings limited Estimated Valuation

£104.7k

Pomanda estimates the enterprise value of WSB COATINGS LIMITED at £104.7k based on Net Assets of £41k and 2.56x industry multiple (adjusted for liquidity).

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Wsb Coatings Limited Overview

Wsb Coatings Limited is a live company located in birmingham, B30 3JN with a Companies House number of 08393989. It operates in the treatment and coating of metals sector, SIC Code 25610. Founded in February 2013, it's largest shareholder is michelle julie woodhouse with a 100% stake. Wsb Coatings Limited is a established, small sized company, Pomanda has estimated its turnover at £889.8k with high growth in recent years.

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Wsb Coatings Limited Health Check

Pomanda's financial health check has awarded Wsb Coatings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £889.8k, make it smaller than the average company (£9.4m)

£889.8k - Wsb Coatings Limited

£9.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (7.5%)

18% - Wsb Coatings Limited

7.5% - Industry AVG

production

Production

with a gross margin of 28%, this company has a comparable cost of product (33.6%)

28% - Wsb Coatings Limited

33.6% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (11.4%)

0.8% - Wsb Coatings Limited

11.4% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (71)

10 - Wsb Coatings Limited

71 - Industry AVG

paystructure

Pay Structure

on an average salary of £41k, the company has an equivalent pay structure (£41k)

£41k - Wsb Coatings Limited

£41k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £89k, this is less efficient (£120.3k)

£89k - Wsb Coatings Limited

£120.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 71 days, this is near the average (61 days)

71 days - Wsb Coatings Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 201 days, this is slower than average (42 days)

201 days - Wsb Coatings Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 55 days, this is more than average (28 days)

55 days - Wsb Coatings Limited

28 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (11 weeks)

2 weeks - Wsb Coatings Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 90.4%, this is a higher level of debt than the average (55.7%)

90.4% - Wsb Coatings Limited

55.7% - Industry AVG

WSB COATINGS LIMITED financials

EXPORTms excel logo

Wsb Coatings Limited's latest turnover from February 2024 is estimated at £889.8 thousand and the company has net assets of £41 thousand. According to their latest financial statements, Wsb Coatings Limited has 10 employees and maintains cash reserves of £17.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014
Turnover889,750807,087623,486547,061436,738529,218399,631295,454263,207266,274434,664
Other Income Or Grants00000000000
Cost Of Sales641,084636,997487,454430,441320,634402,243295,407208,631186,482187,110312,465
Gross Profit248,666170,090136,032116,619116,104126,974104,22486,82376,72579,164122,199
Admin Expenses241,656164,530148,007131,974126,66990,70079,18384,49075,05694,87674,423
Operating Profit7,0105,560-11,975-15,355-10,56536,27425,0412,3331,669-15,71247,776
Interest Payable02,0142,9341,5250000000
Interest Receivable526320188369762921463523
Pre-Tax Profit7,5363,865-14,721-16,844-10,46836,33625,0492,3541,715-15,67747,799
Tax-1,884-734000-6,904-4,759-471-3430-10,994
Profit After Tax5,6523,131-14,721-16,844-10,46829,43220,2901,8831,372-15,67736,805
Dividends Paid00000000000
Retained Profit5,6523,131-14,721-16,844-10,46829,43220,2901,8831,372-15,67736,805
Employee Costs409,521427,951435,910393,717352,557462,886291,151253,608191,75097,061124,970
Number Of Employees10111211101498634
EBITDA*31,44219,157-1,205-2,0735,88852,84144,14819,7346,627-9,99553,958

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014
Tangible Assets135,301159,73385,94564,78777,90285,42098,07083,37527,73332,39235,034
Intangible Assets00000000000
Investments & Other00000000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets135,301159,73385,94564,78777,90285,42098,07083,37527,73332,39235,034
Stock & work in progress97,97483,38268,08865,85448,40749,01241,53645,44712,6932,6332,194
Trade Debtors174,158156,242127,94199,16660,11260,30157,39823,24849,98377,157132,314
Group Debtors00000000000
Misc Debtors00000000000
Cash17,1092,93213,05162,0339,71416,1073833,11613,4394,9389,075
misc current assets00000000000
total current assets289,241242,556209,080227,053118,233125,42099,31771,81176,11584,728143,583
total assets424,542402,289295,025291,840196,135210,840197,387155,186103,848117,120178,617
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 354,419332,263222,575194,947132,398136,635152,614130,70381,24895,892141,712
Group/Directors Accounts00000000000
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities00000000000
total current liabilities354,419332,263222,575194,947132,398136,635152,614130,70381,24895,892141,712
loans0040,27850,0000000000
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities29,16834,723000000000
provisions00000000000
total long term liabilities29,16834,72340,27850,0000000000
total liabilities383,587366,986262,853244,947132,398136,635152,614130,70381,24895,892141,712
net assets40,95535,30332,17246,89363,73774,20544,77324,48322,60021,22836,905
total shareholders funds40,95535,30332,17246,89363,73774,20544,77324,48322,60021,22836,905
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014
Operating Activities
Operating Profit7,0105,560-11,975-15,355-10,56536,27425,0412,3331,669-15,71247,776
Depreciation24,43213,59710,77013,28216,45316,56719,10717,4014,9585,7176,182
Amortisation00000000000
Tax-1,884-734000-6,904-4,759-471-3430-10,994
Stock14,59215,2942,23417,447-6057,476-3,91132,75410,0604392,194
Debtors17,91628,30128,77539,054-1892,90334,150-26,735-27,174-55,157132,314
Creditors22,156109,68827,62862,549-4,237-15,97921,91149,455-14,644-45,820141,712
Accruals and Deferred Income00000000000
Deferred Taxes & Provisions00000000000
Cash flow from operations19,20684,516-4,5863,9752,44519,57931,06162,6998,754-1,09750,168
Investing Activities
capital expenditure0-87,385-31,928-167-8,935-3,917-33,802-73,043-299-3,075-41,216
Change in Investments00000000000
cash flow from investments0-87,385-31,928-167-8,935-3,917-33,802-73,043-299-3,075-41,216
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans 00000000000
Long term loans0-40,278-9,72250,0000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities-5,55534,723000000000
share issue0000000000100
interest526-1,694-2,746-1,4899762921463523
cash flow from financing-5,029-7,249-12,46848,51197629214635123
cash and cash equivalents
cash14,177-10,119-48,98252,319-6,39315,724-2,733-10,3238,501-4,1379,075
overdraft00000000000
change in cash14,177-10,119-48,98252,319-6,39315,724-2,733-10,3238,501-4,1379,075

wsb coatings 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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Wsb Coatings Limited Competitor Analysis

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Perform a competitor analysis for wsb coatings limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in B30 area or any other competitors across 12 key performance metrics.

wsb coatings limited Ownership

WSB COATINGS LIMITED group structure

Wsb Coatings Limited has no subsidiary companies.

Ultimate parent company

WSB COATINGS LIMITED

08393989

WSB COATINGS LIMITED Shareholders

michelle julie woodhouse 100%

wsb coatings limited directors

Wsb Coatings Limited currently has 1 director, Ms Michelle Woodhouse serving since Feb 2013.

officercountryagestartendrole
Ms Michelle Woodhouse62 years Feb 2013- Director

P&L

February 2024

turnover

889.8k

+10%

operating profit

7k

0%

gross margin

28%

+32.61%

turnover

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

Balance Sheet

February 2024

net assets

41k

+0.16%

total assets

424.5k

+0.06%

cash

17.1k

+4.84%

net assets

Total assets minus all liabilities

wsb coatings limited company details

company number

08393989

Type

Private limited with Share Capital

industry

25610 - Treatment and coating of metals

incorporation date

February 2013

age

11

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

February 2024

previous names

N/A

accountant

LANGARD LIFFORD HALL LIMITED

auditor

-

address

lifford hall lifford lane, kings norton, birmingham, west midlands, B30 3JN

Bank

-

Legal Advisor

-

wsb coatings 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 wsb coatings limited.

wsb coatings 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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wsb coatings limited Companies House Filings - See Documents

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