key west (holdings) limited
key west (holdings) limited Company Information
Company Number
08963631
Website
www.keywestholdings.co.ukRegistered Address
origin workspace limited, 40 berkeley square, bristol, BS8 1HP
Industry
Activities of head offices
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
trustees of the & key west (holdings) business settlement) 72.8%
andrew nisbet 24.3%
View Allkey west (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of KEY WEST (HOLDINGS) LIMITED at £844.9m based on a Turnover of £504.1m and 1.68x industry multiple (adjusted for size and gross margin).
key west (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of KEY WEST (HOLDINGS) LIMITED at £385m based on an EBITDA of £34.3m and a 11.24x industry multiple (adjusted for size and gross margin).
key west (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of KEY WEST (HOLDINGS) LIMITED at £677.4m based on Net Assets of £252.6m and 2.68x industry multiple (adjusted for liquidity).
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Key West (holdings) Limited Overview
Key West (holdings) Limited is a live company located in bristol, BS8 1HP with a Companies House number of 08963631. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2014, it's largest shareholder is trustees of the & key west (holdings) business settlement) with a 72.8% stake. Key West (holdings) Limited is a established, mega sized company, Pomanda has estimated its turnover at £504.1m with high growth in recent years.
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Key West (holdings) Limited Health Check
Pomanda's financial health check has awarded Key West (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £504.1m, make it larger than the average company (£21.9m)
£504.1m - Key West (holdings) Limited
£21.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7%)
16% - Key West (holdings) Limited
7% - Industry AVG
Production
with a gross margin of 39.5%, this company has a comparable cost of product (33.1%)
39.5% - Key West (holdings) Limited
33.1% - Industry AVG
Profitability
an operating margin of 5.2% make it as profitable than the average company (5.8%)
5.2% - Key West (holdings) Limited
5.8% - Industry AVG
Employees
with 2079 employees, this is above the industry average (121)
2079 - Key West (holdings) Limited
121 - Industry AVG
Pay Structure
on an average salary of £37.4k, the company has a lower pay structure (£48.4k)
£37.4k - Key West (holdings) Limited
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £242.5k, this is more efficient (£201.9k)
£242.5k - Key West (holdings) Limited
£201.9k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (45 days)
29 days - Key West (holdings) Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (42 days)
28 days - Key West (holdings) Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 110 days, this is more than average (50 days)
110 days - Key West (holdings) Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (15 weeks)
17 weeks - Key West (holdings) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.2%, this is a lower level of debt than the average (55.6%)
29.2% - Key West (holdings) Limited
55.6% - Industry AVG
KEY WEST (HOLDINGS) LIMITED financials
Key West (Holdings) Limited's latest turnover from December 2023 is £504.1 million and the company has net assets of £252.6 million. According to their latest financial statements, Key West (Holdings) Limited has 2,079 employees and maintains cash reserves of £31.4 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 504,132,000 | 499,382,000 | 430,813,000 | 320,614,000 | 426,298,000 | 408,201,000 | 388,540,000 | 328,311,000 | 261,183,000 | 226,743,019 | 194,444,191 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 304,827,000 | 297,252,000 | 266,871,000 | 204,684,000 | 269,171,000 | 251,818,000 | 243,619,000 | 206,050,000 | 163,822,000 | 138,730,423 | 116,747,431 |
| Gross Profit | 199,305,000 | 202,130,000 | 163,942,000 | 115,930,000 | 157,127,000 | 156,383,000 | 144,921,000 | 122,261,000 | 97,361,000 | 88,012,596 | 77,696,760 |
| Admin Expenses | 173,162,000 | 158,627,000 | 124,754,000 | 103,372,000 | 140,855,000 | 125,246,000 | 105,313,000 | 86,128,000 | 71,042,000 | 59,019,369 | 50,680,253 |
| Operating Profit | 26,143,000 | 43,503,000 | 39,188,000 | 12,558,000 | 16,272,000 | 31,137,000 | 39,608,000 | 36,133,000 | 26,319,000 | 28,993,227 | 27,016,507 |
| Interest Payable | 7,460,000 | 6,373,000 | 1,694,000 | 704,000 | 466,000 | 418,000 | 477,000 | 345,000 | 189,000 | 109,653 | 198,250 |
| Interest Receivable | 855,000 | 172,000 | 76,000 | 80,000 | 180,000 | 93,000 | 274,000 | 174,000 | 290,000 | 399,632 | 444,454 |
| Pre-Tax Profit | 16,336,000 | 32,298,000 | 40,493,000 | 8,686,000 | 12,601,000 | 27,538,000 | 35,632,000 | 35,387,000 | 26,420,000 | 29,283,206 | 27,262,711 |
| Tax | -6,544,000 | -8,613,000 | -8,000,000 | -5,554,000 | -2,940,000 | -5,412,000 | -7,130,000 | -7,443,000 | -5,939,000 | -6,843,072 | -6,388,156 |
| Profit After Tax | 9,792,000 | 23,685,000 | 32,493,000 | 3,132,000 | 9,661,000 | 22,126,000 | 28,502,000 | 27,944,000 | 20,481,000 | 22,440,134 | 20,874,555 |
| Dividends Paid | 0 | 8,150,000 | 20,163,000 | 0 | 0 | 84,000 | 40,000 | 1,000,000 | 1,359,000 | 0 | 0 |
| Retained Profit | 9,792,000 | 15,535,000 | 12,330,000 | 3,132,000 | 9,661,000 | 21,138,000 | 27,162,000 | 25,142,000 | 18,091,000 | 21,199,562 | 19,991,013 |
| Employee Costs | 77,790,000 | 78,958,000 | 64,190,000 | 55,613,000 | 77,375,000 | 68,945,000 | 59,464,000 | 48,411,000 | 38,473,000 | 31,501,023 | 25,263,556 |
| Number Of Employees | 2,079 | 1,891 | 1,845 | 1,939 | 2,270 | 2,215 | 1,839 | 1,643 | 1,257 | 1,049 | 888 |
| EBITDA* | 34,259,000 | 50,776,000 | 47,034,000 | 22,043,000 | 26,942,000 | 41,137,000 | 47,813,000 | 42,145,000 | 30,595,000 | 32,173,302 | 30,070,676 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 66,352,000 | 60,025,000 | 51,138,000 | 53,412,000 | 57,367,000 | 56,191,000 | 59,430,000 | 47,312,000 | 35,652,000 | 29,019,043 | 29,435,526 |
| Intangible Assets | 9,439,000 | 8,387,000 | 7,154,000 | 9,164,000 | 11,723,000 | 17,796,000 | 19,688,000 | 17,810,000 | 7,326,000 | 5,572,852 | 4,274,044 |
| Investments & Other | 87,461,000 | 81,705,000 | 83,640,000 | 75,930,000 | 71,150,000 | 56,511,000 | 40,110,000 | 28,879,000 | 3,552,000 | 0 | 0 |
| Debtors (Due After 1 year) | 985,000 | 608,000 | 467,000 | 474,000 | 1,499,000 | 1,896,000 | 1,211,000 | 497,000 | 381,000 | 198,075 | 627,738 |
| Total Fixed Assets | 164,237,000 | 150,725,000 | 142,399,000 | 138,980,000 | 141,739,000 | 132,394,000 | 120,439,000 | 94,498,000 | 46,911,000 | 34,789,970 | 34,337,308 |
| Stock & work in progress | 92,610,000 | 126,040,000 | 88,460,000 | 69,698,000 | 71,773,000 | 64,087,000 | 60,591,000 | 52,226,000 | 44,740,000 | 43,654,294 | 31,892,205 |
| Trade Debtors | 40,487,000 | 39,065,000 | 35,365,000 | 21,074,000 | 34,736,000 | 33,383,000 | 32,633,000 | 29,435,000 | 20,254,000 | 16,764,515 | 16,081,828 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 35,647,000 | 25,027,000 | 21,314,000 | 13,549,000 | 18,559,000 | 14,112,000 | 8,351,000 | 11,746,000 | 7,369,000 | 7,974,312 | 4,025,817 |
| Cash | 31,394,000 | 62,242,000 | 33,533,000 | 52,850,000 | 19,253,000 | 23,410,000 | 24,952,000 | 33,513,000 | 46,666,000 | 37,741,481 | 32,526,044 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 200,138,000 | 252,374,000 | 178,672,000 | 157,171,000 | 144,321,000 | 134,992,000 | 126,527,000 | 126,920,000 | 119,029,000 | 106,134,602 | 84,525,894 |
| total assets | 364,375,000 | 403,099,000 | 321,071,000 | 296,151,000 | 286,060,000 | 267,386,000 | 246,966,000 | 221,418,000 | 165,940,000 | 140,924,572 | 118,863,202 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 1,000 | 3,540,000 | 6,610,000 | 960,000 | 0 | 1,185,360 |
| Bank loan | 535,000 | 44,495,000 | 1,173,000 | 9,718,000 | 28,082,000 | 18,569,000 | 13,765,000 | 1,185,000 | 1,185,000 | 1,185,360 | 0 |
| Trade Creditors | 23,584,000 | 36,683,000 | 35,821,000 | 22,788,000 | 23,679,000 | 21,129,000 | 16,870,000 | 18,016,000 | 10,446,000 | 10,444,329 | 11,451,953 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 9,005,000 | 21,032,000 | 5,000,000 | 6,516,000 | 1,645,000 | 0 | 6,841,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 62,602,000 | 61,137,000 | 52,752,000 | 36,725,000 | 28,849,000 | 32,379,000 | 32,568,000 | 27,506,000 | 15,644,000 | 14,977,903 | 12,495,459 |
| total current liabilities | 95,726,000 | 163,347,000 | 94,746,000 | 75,747,000 | 82,255,000 | 72,078,000 | 73,584,000 | 53,317,000 | 28,235,000 | 26,607,592 | 25,132,772 |
| loans | 6,239,000 | 9,000 | 5,580,000 | 10,331,000 | 2,414,000 | 3,600,000 | 4,785,000 | 12,911,000 | 13,079,000 | 8,341,162 | 9,526,522 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 189,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,246,000 | 4,654,000 | 3,752,000 | 4,036,000 | 1,603,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,485,000 | 4,663,000 | 9,332,000 | 14,556,000 | 4,027,000 | 3,600,000 | 4,785,000 | 12,911,000 | 13,079,000 | 8,341,162 | 9,526,522 |
| total liabilities | 106,211,000 | 168,010,000 | 104,078,000 | 90,303,000 | 86,282,000 | 75,678,000 | 78,369,000 | 66,228,000 | 41,314,000 | 34,948,754 | 34,659,294 |
| net assets | 252,584,000 | 230,565,000 | 213,224,000 | 201,808,000 | 196,083,000 | 188,509,000 | 163,856,000 | 147,984,000 | 119,682,000 | 100,786,968 | 79,901,288 |
| total shareholders funds | 252,584,000 | 230,565,000 | 213,224,000 | 201,808,000 | 196,083,000 | 188,509,000 | 163,856,000 | 147,984,000 | 119,682,000 | 100,786,968 | 79,901,288 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 26,143,000 | 43,503,000 | 39,188,000 | 12,558,000 | 16,272,000 | 31,137,000 | 39,608,000 | 36,133,000 | 26,319,000 | 28,993,227 | 27,016,507 |
| Depreciation | 6,219,000 | 5,272,000 | 5,540,000 | 6,537,000 | 6,219,000 | 6,278,000 | 5,003,000 | 4,370,000 | 3,359,000 | 2,889,489 | 2,735,536 |
| Amortisation | 1,897,000 | 2,001,000 | 2,306,000 | 2,948,000 | 4,451,000 | 3,722,000 | 3,202,000 | 1,642,000 | 917,000 | 290,586 | 318,633 |
| Tax | -6,544,000 | -8,613,000 | -8,000,000 | -5,554,000 | -2,940,000 | -5,412,000 | -7,130,000 | -7,443,000 | -5,939,000 | -6,843,072 | -6,388,156 |
| Stock | -33,430,000 | 37,580,000 | 18,762,000 | -2,075,000 | 7,686,000 | 3,496,000 | 8,365,000 | 7,486,000 | 1,085,706 | 11,762,089 | 31,892,205 |
| Debtors | 12,419,000 | 7,554,000 | 22,049,000 | -19,697,000 | 5,403,000 | 7,196,000 | 517,000 | 13,674,000 | 3,067,098 | 4,201,519 | 20,735,383 |
| Creditors | -13,099,000 | 862,000 | 13,033,000 | -891,000 | 2,550,000 | 4,259,000 | -1,146,000 | 7,570,000 | 1,671 | -1,007,624 | 11,451,953 |
| Accruals and Deferred Income | 1,465,000 | 8,385,000 | 16,027,000 | 7,876,000 | -3,530,000 | -189,000 | 5,062,000 | 11,862,000 | 666,097 | 2,482,444 | 12,495,459 |
| Deferred Taxes & Provisions | -408,000 | 902,000 | -284,000 | 2,433,000 | 1,603,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 36,684,000 | 7,178,000 | 26,999,000 | 47,679,000 | 11,536,000 | 29,103,000 | 35,717,000 | 32,974,000 | 21,170,964 | 10,841,442 | -4,997,656 |
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -22,974,000 | -33,514,000 | -52,526,000 | -16,746,000 | -16,168,487 | -8,279,559 |
| Change in Investments | 5,756,000 | -1,935,000 | 7,710,000 | 4,780,000 | 14,639,000 | 16,401,000 | 11,231,000 | 25,327,000 | 3,552,000 | 0 | 0 |
| cash flow from investments | -5,756,000 | 1,935,000 | -7,710,000 | -4,780,000 | -14,639,000 | -39,375,000 | -44,745,000 | -77,853,000 | -20,298,000 | -16,168,487 | -8,279,559 |
| Financing Activities | |||||||||||
| Bank loans | -43,960,000 | 43,322,000 | -8,545,000 | -18,364,000 | 9,513,000 | 4,804,000 | 12,580,000 | 0 | -360 | 1,185,360 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -12,027,000 | 16,032,000 | -1,516,000 | 4,871,000 | 1,645,000 | -6,841,000 | 6,841,000 | 0 | 0 | 0 | 0 |
| Long term loans | 6,230,000 | -5,571,000 | -4,751,000 | 7,917,000 | -1,186,000 | -1,185,000 | -8,126,000 | -168,000 | 4,737,838 | -1,185,360 | 9,526,522 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -189,000 | 179,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -6,605,000 | -6,201,000 | -1,618,000 | -624,000 | -286,000 | -325,000 | -203,000 | -171,000 | 101,000 | 289,979 | 246,204 |
| cash flow from financing | -44,135,000 | 49,388,000 | -17,533,000 | -3,428,000 | 7,609,000 | -32,000 | -198,000 | 2,821,000 | 5,642,510 | -23,903 | 69,683,001 |
| cash and cash equivalents | |||||||||||
| cash | -30,848,000 | 28,709,000 | -19,317,000 | 33,597,000 | -4,157,000 | -1,542,000 | -8,561,000 | -13,153,000 | 8,924,519 | 5,215,437 | 32,526,044 |
| overdraft | 0 | 0 | 0 | 0 | -1,000 | -3,539,000 | -3,070,000 | 5,650,000 | 960,000 | -1,185,360 | 1,185,360 |
| change in cash | -30,848,000 | 28,709,000 | -19,317,000 | 33,597,000 | -4,156,000 | 1,997,000 | -5,491,000 | -18,803,000 | 7,964,519 | 6,400,797 | 31,340,684 |
key west (holdings) limited Credit Report and Business Information
Key West (holdings) Limited Competitor Analysis
Perform a competitor analysis for key west (holdings) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in BS8 area or any other competitors across 12 key performance metrics.
key west (holdings) limited Ownership
KEY WEST (HOLDINGS) LIMITED group structure
Key West (Holdings) Limited has 2 subsidiary companies.
Ultimate parent company
KEY WEST (HOLDINGS) LIMITED
08963631
2 subsidiaries
key west (holdings) limited directors
Key West (Holdings) Limited currently has 4 directors. The longest serving directors include Mr Andrew Nisbet (Mar 2014) and Mrs Anne Nisbet (Jan 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Nisbet | United Kingdom | 64 years | Mar 2014 | - | Director |
| Mrs Anne Nisbet | United Kingdom | 64 years | Jan 2015 | - | Director |
| Miss Emily Nisbet | United Kingdom | 34 years | Jan 2015 | - | Director |
| Mr Joseph Nisbet | United Kingdom | 36 years | Jan 2015 | - | Director |
P&L
December 2023turnover
504.1m
+1%
operating profit
26.1m
-40%
gross margin
39.6%
-2.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
252.6m
+0.1%
total assets
364.4m
-0.1%
cash
31.4m
-0.5%
net assets
Total assets minus all liabilities
key west (holdings) limited company details
company number
08963631
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2014
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
origin workspace limited, 40 berkeley square, bristol, BS8 1HP
Bank
-
Legal Advisor
-
key west (holdings) 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 3 charges/mortgages relating to key west (holdings) limited. Currently there are 3 open charges and 0 have been satisfied in the past.
key west (holdings) limited Companies House Filings - See Documents
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