witley homes group limited
witley homes group limited Company Information
Company Number
08718629
Next Accounts
Dec 2025
Shareholders
lee frost holdings limited
lucky khera holdings limited
Group Structure
View All
Industry
Construction of domestic buildings
+2Registered Address
azzurri house, walsall business park, walsall, west midlands, WS9 0RB
Website
-witley homes group limited Estimated Valuation
Pomanda estimates the enterprise value of WITLEY HOMES GROUP LIMITED at £4.9m based on a Turnover of £3.3m and 1.5x industry multiple (adjusted for size and gross margin).
witley homes group limited Estimated Valuation
Pomanda estimates the enterprise value of WITLEY HOMES GROUP LIMITED at £0 based on an EBITDA of £-85.5k and a 4.91x industry multiple (adjusted for size and gross margin).
witley homes group limited Estimated Valuation
Pomanda estimates the enterprise value of WITLEY HOMES GROUP LIMITED at £0 based on Net Assets of £-259k and 1.55x industry multiple (adjusted for liquidity).
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Witley Homes Group Limited Overview
Witley Homes Group Limited is a live company located in walsall, WS9 0RB with a Companies House number of 08718629. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2013, it's largest shareholder is lee frost holdings limited with a 50% stake. Witley Homes Group Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with rapid growth in recent years.
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Witley Homes Group Limited Health Check
Pomanda's financial health check has awarded Witley Homes Group Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £3.3m, make it larger than the average company (£1.2m)
- Witley Homes Group Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 105%, show it is growing at a faster rate (6.9%)
- Witley Homes Group Limited
6.9% - Industry AVG
Production
with a gross margin of 40.3%, this company has a comparable cost of product (40.3%)
- Witley Homes Group Limited
40.3% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (13.9%)
- Witley Homes Group Limited
13.9% - Industry AVG
Employees
with 16 employees, this is above the industry average (4)
- Witley Homes Group Limited
4 - Industry AVG
Pay Structure
on an average salary of £41k, the company has an equivalent pay structure (£41k)
- Witley Homes Group Limited
£41k - Industry AVG
Efficiency
resulting in sales per employee of £203.5k, this is equally as efficient (£219.6k)
- Witley Homes Group Limited
£219.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Witley Homes Group Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Witley Homes Group Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 448 days, this is more than average (169 days)
- Witley Homes Group Limited
169 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Witley Homes Group Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.4%, this is a higher level of debt than the average (70.3%)
104.4% - Witley Homes Group Limited
70.3% - Industry AVG
WITLEY HOMES GROUP LIMITED financials
Witley Homes Group Limited's latest turnover from March 2024 is estimated at £3.3 million and the company has net assets of -£259 thousand. According to their latest financial statements, we estimate that Witley Homes Group Limited has 16 employees and maintains cash reserves of £6.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 3 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 86 | 129 | 192 | 287 | 429 | 641 | 957 | 1,429 | 2,133 | |
| Intangible Assets | ||||||||||
| Investments & Other | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 250,086 | 250,129 | 250,192 | 250,287 | 250,429 | 641 | 957 | 1,429 | 2,133 | |
| Stock & work in progress | 2,387,253 | 2,387,253 | 317,516 | 317,516 | 317,516 | 962,346 | 253,516 | 707,000 | 220,000 | |
| Trade Debtors | 163,200 | |||||||||
| Group Debtors | 172,500 | 172,500 | 172,500 | 172,500 | 172,500 | 200,000 | 65,379 | 130,092 | ||
| Misc Debtors | 3,118,695 | 1,523,616 | 494,995 | 494,996 | 498,137 | 261,109 | 438,512 | 32,898 | 33,120 | 1,100 |
| Cash | 6,228 | 70,166 | 1,988 | 336 | 1,086 | 408,796 | 31,873 | 2,802 | 93,462 | 52,698 |
| misc current assets | ||||||||||
| total current assets | 5,684,676 | 4,153,535 | 986,999 | 985,348 | 989,239 | 1,832,251 | 789,280 | 165,792 | 996,782 | 273,798 |
| total assets | 5,934,762 | 4,403,664 | 1,237,191 | 1,235,635 | 1,239,668 | 1,832,892 | 790,237 | 167,221 | 998,915 | 273,798 |
| Bank overdraft | 3 | |||||||||
| Bank loan | ||||||||||
| Trade Creditors | 30,000 | 900 | ||||||||
| Group/Directors Accounts | 179,937 | 179,937 | 179,937 | 179,937 | 180,037 | 180,237 | 114,309 | |||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 505,628 | 436,115 | 438,650 | 424,263 | 420,151 | 269,366 | 762,894 | 205,213 | 970,803 | 235,560 |
| total current liabilities | 685,565 | 646,052 | 618,587 | 604,200 | 600,188 | 449,603 | 877,206 | 205,213 | 970,803 | 236,460 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 5,508,168 | 3,933,020 | 777,633 | 775,133 | 769,328 | 1,505,086 | ||||
| provisions | ||||||||||
| total long term liabilities | 5,508,168 | 3,933,020 | 777,633 | 775,133 | 769,328 | 1,505,086 | ||||
| total liabilities | 6,193,733 | 4,579,072 | 1,396,220 | 1,379,333 | 1,369,516 | 1,954,689 | 877,206 | 205,213 | 970,803 | 236,460 |
| net assets | -258,971 | -175,408 | -159,029 | -143,698 | -129,848 | -121,797 | -86,969 | -37,992 | 28,112 | 37,338 |
| total shareholders funds | -258,971 | -175,408 | -159,029 | -143,698 | -129,848 | -121,797 | -86,969 | -37,992 | 28,112 | 37,338 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 43 | 63 | 95 | 142 | 212 | 316 | 472 | 704 | 1,051 | |
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | 2,069,737 | -644,830 | 708,830 | 253,516 | -707,000 | 487,000 | 220,000 | |||
| Debtors | 1,595,079 | 1,028,621 | -1 | -3,141 | 209,528 | -42,782 | 340,901 | -33,330 | 195,220 | 1,100 |
| Creditors | -30,000 | 30,000 | -900 | 900 | ||||||
| Accruals and Deferred Income | 69,513 | -2,535 | 14,387 | 4,112 | 150,785 | -493,528 | 557,681 | -765,590 | 735,243 | 235,560 |
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 250,000 | |||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -100 | -200 | 65,928 | 114,309 | ||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | 1,575,148 | 3,155,387 | 2,500 | 5,805 | -735,758 | 1,505,086 | ||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -63,938 | 68,178 | 1,652 | -750 | -407,710 | 376,923 | 29,071 | -90,660 | 40,764 | 52,698 |
| overdraft | -3 | 3 | ||||||||
| change in cash | -63,938 | 68,178 | 1,652 | -750 | -407,710 | 376,926 | 29,068 | -90,660 | 40,764 | 52,698 |
witley homes group limited Credit Report and Business Information
Witley Homes Group Limited Competitor Analysis
Perform a competitor analysis for witley homes group limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in WS9 area or any other competitors across 12 key performance metrics.
witley homes group limited Ownership
WITLEY HOMES GROUP LIMITED group structure
Witley Homes Group Limited has 8 subsidiary companies.
Ultimate parent company
WITLEY HOMES GROUP LIMITED
08718629
8 subsidiaries
witley homes group limited directors
Witley Homes Group Limited currently has 2 directors. The longest serving directors include Mr Lakhvinder Khera (Oct 2013) and Mr Lee Frost (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lakhvinder Khera | England | 50 years | Oct 2013 | - | Director |
| Mr Lee Frost | England | 40 years | Dec 2016 | - | Director |
P&L
March 2024turnover
3.3m
+222%
operating profit
-85.6k
0%
gross margin
40.4%
+0.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-259k
+0.48%
total assets
5.9m
+0.35%
cash
6.2k
-0.91%
net assets
Total assets minus all liabilities
witley homes group limited company details
company number
08718629
Type
Private limited with Share Capital
industry
41100 - Development of building projects
41202 - Construction of domestic buildings
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
3s developments ltd (July 2022)
accountant
-
auditor
-
address
azzurri house, walsall business park, walsall, west midlands, WS9 0RB
Bank
-
Legal Advisor
-
witley homes group 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 4 charges/mortgages relating to witley homes group limited. Currently there are 2 open charges and 2 have been satisfied in the past.
witley homes group 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.
Click to start generating capital raising & share issue transactions for WITLEY HOMES GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
witley homes group limited Companies House Filings - See Documents
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