wourth group limited
wourth group limited Company Information
Company Number
09369753
Website
http://langholm.comRegistered Address
woolovers house, victoria gardens, burgess hill, RH15 9NB
Industry
Activities of head offices
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
aurora bidco 2 limited 100%
wourth group limited Estimated Valuation
Pomanda estimates the enterprise value of WOURTH GROUP LIMITED at £82.1m based on a Turnover of £49.7m and 1.65x industry multiple (adjusted for size and gross margin).
wourth group limited Estimated Valuation
Pomanda estimates the enterprise value of WOURTH GROUP LIMITED at £40.2m based on an EBITDA of £3.5m and a 11.37x industry multiple (adjusted for size and gross margin).
wourth group limited Estimated Valuation
Pomanda estimates the enterprise value of WOURTH GROUP LIMITED at £3.4m based on Net Assets of £4.5m and 0.77x industry multiple (adjusted for liquidity).
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Wourth Group Limited Overview
Wourth Group Limited is a live company located in burgess hill, RH15 9NB with a Companies House number of 09369753. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2014, it's largest shareholder is aurora bidco 2 limited with a 100% stake. Wourth Group Limited is a established, large sized company, Pomanda has estimated its turnover at £49.7m with rapid growth in recent years.
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Wourth Group Limited Health Check
Pomanda's financial health check has awarded Wourth Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £49.7m, make it larger than the average company (£20.8m)
£49.7m - Wourth Group Limited
£20.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (4.7%)
36% - Wourth Group Limited
4.7% - Industry AVG
Production
with a gross margin of 39.3%, this company has a comparable cost of product (33.1%)
39.3% - Wourth Group Limited
33.1% - Industry AVG
Profitability
an operating margin of 5.5% make it as profitable than the average company (5.8%)
5.5% - Wourth Group Limited
5.8% - Industry AVG
Employees
with 207 employees, this is above the industry average (121)
207 - Wourth Group Limited
121 - Industry AVG
Pay Structure
on an average salary of £28.3k, the company has a lower pay structure (£45.8k)
£28.3k - Wourth Group Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £240.2k, this is more efficient (£188.3k)
£240.2k - Wourth Group Limited
£188.3k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (46 days)
11 days - Wourth Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (45 days)
30 days - Wourth Group Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 133 days, this is more than average (49 days)
133 days - Wourth Group Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (15 weeks)
20 weeks - Wourth Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.3%, this is a higher level of debt than the average (56.5%)
83.3% - Wourth Group Limited
56.5% - Industry AVG
WOURTH GROUP LIMITED financials
Wourth Group Limited's latest turnover from April 2023 is £49.7 million and the company has net assets of £4.5 million. According to their latest financial statements, Wourth Group Limited has 207 employees and maintains cash reserves of £8.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 49,728,000 | 57,674,000 | 45,123,000 | 19,816,000 | 15,501,000 | 16,476,000 | 20,986,000 | 18,471,976 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 30,195,000 | 38,629,000 | 27,945,000 | 12,751,000 | 9,769,000 | 10,367,000 | 14,139,000 | 13,045,265 |
| Gross Profit | 19,533,000 | 19,045,000 | 17,178,000 | 7,065,000 | 5,732,000 | 6,109,000 | 6,847,000 | 5,426,711 |
| Admin Expenses | 16,797,000 | 15,770,000 | 13,605,000 | 7,861,000 | 7,179,000 | 9,120,000 | 11,143,000 | 20,640,001 |
| Operating Profit | 2,736,000 | 3,275,000 | 3,573,000 | -796,000 | -1,447,000 | -3,011,000 | -4,296,000 | -15,213,290 |
| Interest Payable | 28,000 | 565,000 | 960,000 | 626,000 | 690,000 | 977,000 | 1,314,000 | 904,265 |
| Interest Receivable | 43,000 | 3,000 | 1,000 | 2,000 | 9,000 | 1,000 | 6,000 | 5,499 |
| Pre-Tax Profit | 2,751,000 | 2,713,000 | 2,614,000 | -1,420,000 | -2,128,000 | 3,641,000 | -5,604,000 | -16,112,056 |
| Tax | -596,000 | -496,000 | -453,000 | -129,000 | -41,000 | 120,000 | 321,000 | 22,149 |
| Profit After Tax | 2,155,000 | 2,217,000 | 2,161,000 | -1,549,000 | -2,169,000 | 3,761,000 | -5,283,000 | -16,089,907 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,155,000 | 2,217,000 | 2,161,000 | -1,549,000 | -2,169,000 | 3,761,000 | -5,283,000 | -16,089,907 |
| Employee Costs | 5,854,000 | 5,399,000 | 4,277,000 | 2,610,000 | 2,389,000 | 2,880,000 | 3,552,000 | 2,082,512 |
| Number Of Employees | 207 | 253 | 153 | 90 | 93 | 102 | 136 | 101 |
| EBITDA* | 3,536,000 | 3,995,000 | 4,705,000 | 1,598,000 | 1,060,000 | -638,000 | -2,173,000 | -11,664,713 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,666,000 | 1,652,000 | 1,665,000 | 1,597,000 | 2,176,000 | 2,567,000 | 2,708,000 | 1,776,805 |
| Intangible Assets | 1,998,000 | 1,410,000 | 1,785,000 | 694,000 | 2,343,000 | 4,218,000 | 6,092,000 | 7,965,959 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 23,000 | 51,000 | 135,000 | 197,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,687,000 | 3,113,000 | 3,585,000 | 2,488,000 | 4,519,000 | 6,785,000 | 8,800,000 | 9,742,764 |
| Stock & work in progress | 11,028,000 | 14,861,000 | 8,063,000 | 3,867,000 | 3,873,000 | 4,299,000 | 7,018,000 | 7,106,320 |
| Trade Debtors | 1,619,000 | 729,000 | 989,000 | 218,000 | 160,000 | 205,000 | 156,000 | 106,301 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,790,000 | 1,899,000 | 303,000 | 1,115,000 | 682,000 | 625,000 | 1,169,000 | 712,286 |
| Cash | 8,817,000 | 3,781,000 | 9,014,000 | 4,568,000 | 3,702,000 | 3,763,000 | 1,190,000 | 4,389,558 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,254,000 | 21,270,000 | 18,369,000 | 9,768,000 | 8,417,000 | 8,892,000 | 9,533,000 | 12,314,465 |
| total assets | 26,941,000 | 24,383,000 | 21,954,000 | 12,256,000 | 12,936,000 | 15,677,000 | 18,333,000 | 22,057,229 |
| Bank overdraft | 2,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 2,421 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,484,000 | 4,332,000 | 3,346,000 | 1,879,000 | 1,438,000 | 1,300,000 | 5,028,000 | 4,388,154 |
| Group/Directors Accounts | 13,998,000 | 13,998,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 7,478,000 | 0 | 7,478,000 | 8,433,000 | 10,294,000 | 10,294,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,432,000 | 3,694,000 | 11,002,000 | 419,000 | 3,764,000 | 3,536,000 | 4,364,000 | 3,442,561 |
| total current liabilities | 22,414,000 | 22,024,000 | 21,826,000 | 2,298,000 | 12,680,000 | 13,269,000 | 19,686,000 | 18,127,136 |
| loans | 0 | 0 | 0 | 7,478,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 3,773,000 | 0 | 0 | 0 | 0 |
| provisions | 37,000 | 24,000 | 10,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 37,000 | 24,000 | 10,000 | 11,251,000 | 0 | 0 | 0 | 0 |
| total liabilities | 22,451,000 | 22,048,000 | 21,836,000 | 13,549,000 | 12,680,000 | 13,269,000 | 19,686,000 | 18,127,136 |
| net assets | 4,490,000 | 2,335,000 | 118,000 | -1,293,000 | 256,000 | 2,408,000 | -1,353,000 | 3,930,093 |
| total shareholders funds | 4,490,000 | 2,335,000 | 118,000 | -1,293,000 | 256,000 | 2,408,000 | -1,353,000 | 3,930,093 |
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,736,000 | 3,275,000 | 3,573,000 | -796,000 | -1,447,000 | -3,011,000 | -4,296,000 | -15,213,290 |
| Depreciation | 212,000 | 178,000 | 129,000 | 104,000 | 632,000 | 499,000 | 249,000 | 131,878 |
| Amortisation | 588,000 | 542,000 | 1,003,000 | 2,290,000 | 1,875,000 | 1,874,000 | 1,874,000 | 3,416,699 |
| Tax | -596,000 | -496,000 | -453,000 | -129,000 | -41,000 | 120,000 | 321,000 | 22,149 |
| Stock | -3,833,000 | 6,798,000 | 4,196,000 | -6,000 | -426,000 | -2,719,000 | -88,320 | 7,106,320 |
| Debtors | 753,000 | 1,252,000 | -103,000 | 688,000 | 12,000 | -495,000 | 506,413 | 818,587 |
| Creditors | -1,848,000 | 986,000 | 1,467,000 | 441,000 | 138,000 | -3,728,000 | 639,846 | 4,388,154 |
| Accruals and Deferred Income | -262,000 | -7,308,000 | 10,583,000 | -3,345,000 | 228,000 | -828,000 | 921,439 | 3,442,561 |
| Deferred Taxes & Provisions | 13,000 | 14,000 | 10,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,923,000 | -10,859,000 | 12,219,000 | -2,117,000 | 1,799,000 | -1,860,000 | -708,808 | -11,736,756 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -241,000 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -241,000 | 0 | 0 | 0 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 13,998,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -7,478,000 | 7,478,000 | -7,478,000 | -955,000 | -1,861,000 | 0 | 10,294,000 |
| Long term loans | 0 | 0 | -7,478,000 | 7,478,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -3,773,000 | 3,773,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 15,000 | -562,000 | -959,000 | -624,000 | -681,000 | -976,000 | -1,308,000 | -898,766 |
| cash flow from financing | 15,000 | 5,958,000 | -5,482,000 | 3,149,000 | -1,619,000 | -2,837,000 | -1,308,093 | 29,415,234 |
| cash and cash equivalents | ||||||||
| cash | 5,036,000 | -5,233,000 | 4,446,000 | 866,000 | -61,000 | 2,573,000 | -3,199,558 | 4,389,558 |
| overdraft | 2,500,000 | 0 | 0 | 0 | 0 | 0 | -2,421 | 2,421 |
| change in cash | 2,536,000 | -5,233,000 | 4,446,000 | 866,000 | -61,000 | 2,573,000 | -3,197,137 | 4,387,137 |
wourth group limited Credit Report and Business Information
Wourth Group Limited Competitor Analysis
Perform a competitor analysis for wourth group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in RH15 area or any other competitors across 12 key performance metrics.
wourth group limited Ownership
WOURTH GROUP LIMITED group structure
Wourth Group Limited has 3 subsidiary companies.
Ultimate parent company
AURORA HOLDCO AB
#0164845
2 parents
WOURTH GROUP LIMITED
09369753
3 subsidiaries
wourth group limited directors
Wourth Group Limited currently has 3 directors. The longest serving directors include Mr Michael Lester (Jan 2018) and Mr Mark Caroe (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Lester | United Kingdom | 49 years | Jan 2018 | - | Director |
| Mr Mark Caroe | 62 years | Oct 2021 | - | Director | |
| Mr Stephen Kehl | England | 29 years | Jan 2023 | - | Director |
P&L
April 2023turnover
49.7m
-14%
operating profit
2.7m
-16%
gross margin
39.3%
+18.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
4.5m
+0.92%
total assets
26.9m
+0.1%
cash
8.8m
+1.33%
net assets
Total assets minus all liabilities
wourth group limited company details
company number
09369753
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2014
age
10
incorporated
UK
accounts
Group
ultimate parent company
previous names
woolovers group limited (April 2024)
olive topco limited (October 2018)
last accounts submitted
April 2023
address
woolovers house, victoria gardens, burgess hill, RH15 9NB
accountant
-
auditor
MOORE KINGSTON SMITH LLP
wourth 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 wourth group limited. Currently there are 4 open charges and 0 have been satisfied in the past.
wourth group limited Companies House Filings - See Documents
| date | description | view/download |
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