wing limited

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wing limited Company Information

Share WING LIMITED

Company Number

09010093

Shareholders

little dot studios limited

william ingham

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Group Structure

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Industry

Other personal service activities n.e.c.

 

Registered Address

berkshire house, 168 - 173 high holborn, london, WC1V 7AA

wing limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of WING LIMITED at £3m based on a Turnover of £3.8m and 0.79x industry multiple (adjusted for size and gross margin).

wing limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of WING LIMITED at £5.7m based on an EBITDA of £1.1m and a 5.22x industry multiple (adjusted for size and gross margin).

wing limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of WING LIMITED at £2.1m based on Net Assets of £1.1m and 1.96x industry multiple (adjusted for liquidity).

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Wing Limited Overview

Wing Limited is a live company located in london, WC1V 7AA with a Companies House number of 09010093. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 2014, it's largest shareholder is little dot studios limited with a 75.1% stake. Wing Limited is a established, small sized company, Pomanda has estimated its turnover at £3.8m with high growth in recent years.

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Wing Limited Health Check

Pomanda's financial health check has awarded Wing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £3.8m, make it larger than the average company (£1.2m)

£3.8m - Wing Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.9%)

25% - Wing Limited

7.9% - Industry AVG

production

Production

with a gross margin of 48%, this company has a comparable cost of product (41.8%)

48% - Wing Limited

41.8% - Industry AVG

profitability

Profitability

an operating margin of 26.3% make it more profitable than the average company (6.4%)

26.3% - Wing Limited

6.4% - Industry AVG

employees

Employees

with 17 employees, this is similar to the industry average (15)

17 - Wing Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.8k, the company has a higher pay structure (£34.5k)

£48.8k - Wing Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £220.9k, this is more efficient (£104.6k)

£220.9k - Wing Limited

£104.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 77 days, this is later than average (31 days)

77 days - Wing Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (40 days)

3 days - Wing Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 41 days, this is in line with average (40 days)

41 days - Wing Limited

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (38 weeks)

52 weeks - Wing Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39%, this is a lower level of debt than the average (48%)

39% - Wing Limited

48% - Industry AVG

WING LIMITED financials

EXPORTms excel logo

Wing Limited's latest turnover from December 2023 is £3.8 million and the company has net assets of £1.1 million. According to their latest financial statements, Wing Limited has 17 employees and maintains cash reserves of £691.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019May 2019May 2018May 2017May 2016May 2015
Turnover3,755,7573,326,0302,498,6351,920,657580,5681,642,1963,496,2932,690,678922,264889,167
Other Income Or Grants
Cost Of Sales1,953,7071,653,6351,085,218420,250139,9441,326,5852,809,9632,139,628726,478693,592
Gross Profit1,802,0501,672,3951,413,4171,500,407440,624315,612686,330551,050195,786195,575
Admin Expenses814,459823,193875,548882,087530,538710,774476,406-143,485112,957113,559
Operating Profit987,591849,202537,869618,320-89,914-395,162209,924694,53582,82982,016
Interest Payable1,3567,6168,36111,6497,903
Interest Receivable4,876202464371,4051,0673861,006764
Pre-Tax Profit991,111841,586529,528606,917-97,380-393,757210,991694,92183,83582,780
Tax-233,903-162,533-103,766-123,50416,992-40,088-132,035-16,767-16,556
Profit After Tax757,208679,053425,762483,413-80,388-393,757170,903562,88667,06866,224
Dividends Paid2,509136,518
Retained Profit757,208679,053425,762480,904-216,906-393,757170,903562,88667,06866,224
Employee Costs829,940754,395838,573607,293290,947351,226412,356298,171292,001158,375
Number Of Employees1715121213131612116
EBITDA*1,086,981962,561648,012662,877-70,925-354,571288,430866,050227,750190,398

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019May 2019May 2018May 2017May 2016May 2015
Tangible Assets47,08962,522183,397256,801312,82268,19446,224104,201266,078309,922
Intangible Assets59,752
Investments & Other210210210
Debtors (Due After 1 year)
Total Fixed Assets47,089122,274183,397256,801312,82268,19446,434104,411266,288309,922
Stock & work in progress221,396175,436169,622
Trade Debtors800,640350,159361,899375,646537,144592,0171,336,5931,058,954269,160167,244
Group Debtors191,02345,413
Misc Debtors34,22853,944270,724209,87442,132
Cash691,7682,071,269921,312346,946282,319159,554215,066211,78896,957305,477
misc current assets
total current assets1,748,0322,841,8311,553,935977,8791,031,217751,5711,551,6591,270,742366,117472,721
total assets1,795,1212,964,1051,737,3321,234,6801,344,039819,7651,598,0931,375,153632,405782,643
Bank overdraft
Bank loan
Trade Creditors 17,934196,67820,24448,58459,875334,502522,415459,379246,129254,686
Group/Directors Accounts14,46416,24716,32018,322
other short term finances
hp & lease commitments52,17269,01874,86452,926
other current liabilities657,534858,398390,517222,667769,561
total current liabilities689,9321,123,495496,099364,437882,362334,502522,415459,379246,129254,686
loans
hp & lease commitments70,622134,545210,176
Accruals and Deferred Income
other liabilities200,000200,000200,000400,000
provisions10,7613,39012,4443,29311,9378,59519,59452,98261,731
total long term liabilities10,7613,39083,066137,838210,17611,937208,595219,594252,982461,731
total liabilities700,6931,126,885579,165502,2751,092,538346,439731,010678,973499,111716,417
net assets1,094,4281,837,2201,158,167732,405251,501473,326867,083696,180133,29466,226
total shareholders funds1,094,4281,837,2201,158,167732,405251,501473,326867,083696,180133,29466,226
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019May 2019May 2018May 2017May 2016May 2015
Operating Activities
Operating Profit987,591849,202537,869618,320-89,914-395,162209,924694,53582,82982,016
Depreciation39,63848,174110,14344,55718,98940,59178,506171,515144,921108,382
Amortisation59,75265,185
Tax-233,903-162,533-103,766-123,50416,992-40,088-132,035-16,767-16,556
Stock45,960175,436-169,622169,622
Debtors239,742-37,4971,69051,657-757,317-744,576277,639789,794101,916167,244
Creditors-178,744176,434-28,340-11,291-462,540-187,91363,036213,250-8,557254,686
Accruals and Deferred Income-200,864467,881167,850-546,894769,561
Deferred Taxes & Provisions7,371-9,0549,1513,293-8,5953,342-10,999-33,388-8,74961,731
Cash flow from operations195,1391,297,350691,217102,446832,188205,43422,740124,08391,761323,015
Investing Activities
capital expenditure-24,205-52,236-36,73911,464-285,587-62,561-20,529-9,638-101,077-418,304
Change in Investments-210-210210
cash flow from investments-24,205-52,236-36,73911,464-285,377-62,351-20,529-9,638-101,287-418,304
Financing Activities
Bank loans
Group/Directors Accounts-1,783-73-2,00218,322
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-52,172-87,468-69,769-53,693263,102
other long term liabilities-200,000-200,000-200,000400,000
share issue-1,500,000-398,6762
interest3,520-7,616-8,341-11,403-7,4661,4051,0673861,006764
cash flow from financing-1,550,435-95,157-80,112-46,774-343,040-198,5951,067386-198,994400,766
cash and cash equivalents
cash-1,379,5011,149,957574,36664,62767,253-55,5123,278114,831-208,520305,477
overdraft
change in cash-1,379,5011,149,957574,36664,62767,253-55,5123,278114,831-208,520305,477

wing 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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Wing Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for wing limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in WC1V area or any other competitors across 12 key performance metrics.

wing limited Ownership

WING LIMITED group structure

Wing Limited has no subsidiary companies.

Ultimate parent company

2 parents

WING LIMITED

09010093

WING LIMITED Shareholders

little dot studios limited 75.05%
william ingham 12.48%
tessa nancy ingham 12.48%

wing limited directors

Wing Limited currently has 4 directors. The longest serving directors include Mrs Tessa Ingham (Apr 2014) and Mr William Ingham (Apr 2014).

officercountryagestartendrole
Mrs Tessa InghamUnited Kingdom50 years Apr 2014- Director
Mr William InghamUnited Kingdom49 years Apr 2014- Director
Mrs Victoria TurtonEngland62 years Feb 2020- Director
Mr Kevin GibbonsUnited Kingdom45 years Feb 2020- Director

P&L

December 2023

turnover

3.8m

+13%

operating profit

987.6k

+16%

gross margin

48%

-4.58%

turnover

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

Balance Sheet

December 2023

net assets

1.1m

-0.4%

total assets

1.8m

-0.39%

cash

691.8k

-0.67%

net assets

Total assets minus all liabilities

wing limited company details

company number

09010093

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

April 2014

age

11

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

berkshire house, 168 - 173 high holborn, london, WC1V 7AA

Bank

-

Legal Advisor

-

wing 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 1 charges/mortgages relating to wing limited. Currently there are 0 open charges and 1 have been satisfied in the past.

wing 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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wing limited Companies House Filings - See Documents

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