westgate off-licence ltd
westgate off-licence ltd Company Information
Company Number
08543379
Next Accounts
40 days late
Shareholders
angrej sanghera
devinder sanghera
Group Structure
View All
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Registered Address
55 cowbridge road, east canton, cardiff, cf1 9ae, CF11 9AE
Website
-westgate off-licence ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTGATE OFF-LICENCE LTD at £120.7k based on a Turnover of £377.4k and 0.32x industry multiple (adjusted for size and gross margin).
westgate off-licence ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTGATE OFF-LICENCE LTD at £18.9k based on an EBITDA of £5.2k and a 3.62x industry multiple (adjusted for size and gross margin).
westgate off-licence ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTGATE OFF-LICENCE LTD at £49.1k based on Net Assets of £18.5k and 2.66x industry multiple (adjusted for liquidity).
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Westgate Off-licence Ltd Overview
Westgate Off-licence Ltd is a live company located in cardiff, CF11 9AE with a Companies House number of 08543379. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in May 2013, it's largest shareholder is angrej sanghera with a 50% stake. Westgate Off-licence Ltd is a established, micro sized company, Pomanda has estimated its turnover at £377.4k with declining growth in recent years.
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Westgate Off-licence Ltd Health Check
Pomanda's financial health check has awarded Westgate Off-Licence Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
4 Regular
7 Weak
Size
annual sales of £377.4k, make it smaller than the average company (£2.5m)
- Westgate Off-licence Ltd
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (5.4%)
- Westgate Off-licence Ltd
5.4% - Industry AVG
Production
with a gross margin of 23.4%, this company has a comparable cost of product (23.4%)
- Westgate Off-licence Ltd
23.4% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (3.4%)
- Westgate Off-licence Ltd
3.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (25)
3 - Westgate Off-licence Ltd
25 - Industry AVG
Pay Structure
on an average salary of £16.8k, the company has an equivalent pay structure (£16.8k)
- Westgate Off-licence Ltd
£16.8k - Industry AVG
Efficiency
resulting in sales per employee of £125.8k, this is equally as efficient (£123.9k)
- Westgate Off-licence Ltd
£123.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Westgate Off-licence Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (29 days)
- Westgate Off-licence Ltd
29 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is more than average (20 days)
- Westgate Off-licence Ltd
20 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (20 weeks)
12 weeks - Westgate Off-licence Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.3%, this is a similar level of debt than the average (66.7%)
62.3% - Westgate Off-licence Ltd
66.7% - Industry AVG
WESTGATE OFF-LICENCE LTD financials
Westgate Off-Licence Ltd's latest turnover from May 2023 is estimated at £377.4 thousand and the company has net assets of £18.5 thousand. According to their latest financial statements, Westgate Off-Licence Ltd has 3 employees and maintains cash reserves of £7.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 3 | 2 | 2 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,499 | 1,109 | 1,322 | 1,579 | 1,888 | 2,261 | 2,714 | 3,265 | 3,938 | 4,762 |
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 2,499 | 1,109 | 1,322 | 1,579 | 1,888 | 2,261 | 2,714 | 3,265 | 3,938 | 4,762 |
| Stock & work in progress | 38,350 | 36,850 | 37,100 | 28,475 | 27,750 | 27,000 | ||||
| Trade Debtors | 58,738 | 33,892 | 33,698 | 26,358 | 583 | 583 | ||||
| Group Debtors | ||||||||||
| Misc Debtors | 616 | 340 | 1,118 | |||||||
| Cash | 7,596 | 6,245 | 2,834 | 420 | 1,485 | 1,360 | ||||
| misc current assets | ||||||||||
| total current assets | 46,562 | 43,435 | 41,052 | 58,738 | 33,892 | 33,698 | 26,358 | 29,478 | 29,818 | 28,360 |
| total assets | 49,061 | 44,544 | 42,374 | 60,317 | 35,780 | 35,959 | 29,072 | 32,743 | 33,756 | 33,122 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 19,876 | 15,996 | 48,388 | 35,445 | 26,006 | 23,355 | 25,195 | 29,882 | ||
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 10,705 | 13,694 | 27,386 | |||||||
| total current liabilities | 30,581 | 29,690 | 27,386 | 48,388 | 35,445 | 26,006 | 23,355 | 25,195 | 29,882 | |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 30,774 | |||||||||
| provisions | ||||||||||
| total long term liabilities | 30,774 | |||||||||
| total liabilities | 30,581 | 29,690 | 27,386 | 48,388 | 30,774 | 35,445 | 26,006 | 23,355 | 25,195 | 29,882 |
| net assets | 18,480 | 14,854 | 14,988 | 11,929 | 5,006 | 514 | 3,066 | 9,388 | 8,561 | 3,240 |
| total shareholders funds | 18,480 | 14,854 | 14,988 | 11,929 | 5,006 | 514 | 3,066 | 9,388 | 8,561 | 3,240 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 700 | 213 | 673 | 824 | 1,012 | |||||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | 1,500 | -250 | 37,100 | -28,475 | 725 | 750 | 27,000 | |||
| Debtors | 276 | -778 | -57,620 | 24,846 | 194 | 7,340 | 25,775 | 583 | ||
| Creditors | 3,880 | 15,996 | -48,388 | 48,388 | -35,445 | 9,439 | 2,651 | -1,840 | -4,687 | 29,882 |
| Accruals and Deferred Income | -2,989 | -13,692 | 27,386 | |||||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | -30,774 | 30,774 | ||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 1,351 | 3,411 | 2,834 | -420 | -1,065 | 125 | 1,360 | |||
| overdraft | ||||||||||
| change in cash | 1,351 | 3,411 | 2,834 | -420 | -1,065 | 125 | 1,360 |
westgate off-licence ltd Credit Report and Business Information
Westgate Off-licence Ltd Competitor Analysis
Perform a competitor analysis for westgate off-licence ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in CF11 area or any other competitors across 12 key performance metrics.
westgate off-licence ltd Ownership
WESTGATE OFF-LICENCE LTD group structure
Westgate Off-Licence Ltd has no subsidiary companies.
Ultimate parent company
WESTGATE OFF-LICENCE LTD
08543379
westgate off-licence ltd directors
Westgate Off-Licence Ltd currently has 2 directors. The longest serving directors include Mrs Angrej Sanghera (May 2013) and Mr Devinder Sanghera (May 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Angrej Sanghera | Wales | 53 years | May 2013 | - | Director |
| Mr Devinder Sanghera | Wales | 51 years | May 2013 | - | Director |
P&L
May 2023turnover
377.4k
+19%
operating profit
4.5k
0%
gross margin
23.5%
+0.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
18.5k
+0.24%
total assets
49.1k
+0.1%
cash
7.6k
+0.22%
net assets
Total assets minus all liabilities
Similar Companies
westgate off-licence ltd company details
company number
08543379
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
May 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
55 cowbridge road, east canton, cardiff, cf1 9ae, CF11 9AE
Bank
-
Legal Advisor
-
westgate off-licence 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 westgate off-licence ltd.
westgate off-licence 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.
Click to start generating capital raising & share issue transactions for WESTGATE OFF-LICENCE LTD. This can take several minutes, an email will notify you when this has completed.
westgate off-licence ltd Companies House Filings - See Documents
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