westgate on sea 1 ltd
westgate on sea 1 ltd Company Information
Company Number
09826735
Next Accounts
May 2025
Directors
Shareholders
lucas design & construction ltd
Group Structure
View All
Industry
Development of building projects
Registered Address
36 a west street, reigate, surrey, RH2 9BX
Website
http://lucas-design.co.ukwestgate on sea 1 ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTGATE ON SEA 1 LTD at £6m based on a Turnover of £13.8m and 0.44x industry multiple (adjusted for size and gross margin).
westgate on sea 1 ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTGATE ON SEA 1 LTD at £0 based on an EBITDA of £-463.3k and a 3.45x industry multiple (adjusted for size and gross margin).
westgate on sea 1 ltd Estimated Valuation
Pomanda estimates the enterprise value of WESTGATE ON SEA 1 LTD at £0 based on Net Assets of £-2.7m and 1.41x industry multiple (adjusted for liquidity).
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Westgate On Sea 1 Ltd Overview
Westgate On Sea 1 Ltd is a live company located in surrey, RH2 9BX with a Companies House number of 09826735. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2015, it's largest shareholder is lucas design & construction ltd with a 100% stake. Westgate On Sea 1 Ltd is a established, mid sized company, Pomanda has estimated its turnover at £13.8m with healthy growth in recent years.
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Westgate On Sea 1 Ltd Health Check
Pomanda's financial health check has awarded Westgate On Sea 1 Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £13.8m, make it larger than the average company (£2.2m)
- Westgate On Sea 1 Ltd
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.3%)
- Westgate On Sea 1 Ltd
3.3% - Industry AVG
Production
with a gross margin of 9.8%, this company has a higher cost of product (26.8%)
- Westgate On Sea 1 Ltd
26.8% - Industry AVG
Profitability
an operating margin of -3.4% make it less profitable than the average company (7.2%)
- Westgate On Sea 1 Ltd
7.2% - Industry AVG
Employees
with 20 employees, this is above the industry average (6)
- Westgate On Sea 1 Ltd
6 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£47.1k)
- Westgate On Sea 1 Ltd
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £690.1k, this is more efficient (£270.4k)
- Westgate On Sea 1 Ltd
£270.4k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is later than average (27 days)
- Westgate On Sea 1 Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 133 days, this is slower than average (30 days)
- Westgate On Sea 1 Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Westgate On Sea 1 Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Westgate On Sea 1 Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 245.2%, this is a higher level of debt than the average (73.4%)
245.2% - Westgate On Sea 1 Ltd
73.4% - Industry AVG
WESTGATE ON SEA 1 LTD financials
Westgate On Sea 1 Ltd's latest turnover from August 2023 is estimated at £13.8 million and the company has net assets of -£2.7 million. According to their latest financial statements, we estimate that Westgate On Sea 1 Ltd has 20 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,834,251 | 2,701,361 | ||||||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 2,834,251 | 2,701,361 | ||||||
| Stock & work in progress | 1,783,938 | 3,305,097 | 1,737,670 | |||||
| Trade Debtors | 1,851,173 | 131,090 | 142,828 | 2,024,820 | ||||
| Group Debtors | ||||||||
| Misc Debtors | 345,754 | 3,018 | 329,168 | 1 | ||||
| Cash | 2,952 | 772 | ||||||
| misc current assets | ||||||||
| total current assets | 1,851,173 | 131,090 | 142,828 | 2,024,820 | 2,132,644 | 3,308,887 | 2,066,838 | 1 |
| total assets | 1,851,173 | 2,965,341 | 2,844,189 | 2,024,820 | 2,132,644 | 3,308,887 | 2,066,838 | 1 |
| Bank overdraft | 1,150,209 | 1,280,000 | 1,203,570 | |||||
| Bank loan | ||||||||
| Trade Creditors | 4,538,194 | 5,189,097 | 3,360,494 | 2,304,559 | 33,813 | 1,951 | 40,487 | |
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 1,178,545 | 881,735 | 823,130 | |||||
| total current liabilities | 4,538,194 | 5,189,097 | 3,360,494 | 2,304,559 | 2,362,567 | 2,163,686 | 2,067,187 | |
| loans | 1,150,209 | |||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | ||||||||
| total long term liabilities | 1,150,209 | |||||||
| total liabilities | 4,538,194 | 5,189,097 | 3,360,494 | 2,304,559 | 2,362,567 | 3,313,895 | 2,067,187 | |
| net assets | -2,687,021 | -2,223,756 | -516,305 | -279,739 | -229,923 | -5,008 | -349 | 1 |
| total shareholders funds | -2,687,021 | -2,223,756 | -516,305 | -279,739 | -229,923 | -5,008 | -349 | 1 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | ||||||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | -1,783,938 | -1,521,159 | 1,567,427 | 1,737,670 | ||||
| Debtors | 1,720,083 | -11,738 | -1,881,992 | 1,679,066 | 342,736 | -326,150 | 329,167 | 1 |
| Creditors | -650,903 | 1,828,603 | 1,055,935 | 2,270,746 | 31,862 | -38,536 | 40,487 | |
| Accruals and Deferred Income | -1,178,545 | 296,810 | 58,605 | 823,130 | ||||
| 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 | -1,150,209 | 1,150,209 | ||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -2,952 | 2,180 | 772 | |||||
| overdraft | -1,150,209 | -129,791 | 76,430 | 1,203,570 | ||||
| change in cash | 1,147,257 | 131,971 | -75,658 | -1,203,570 |
westgate on sea 1 ltd Credit Report and Business Information
Westgate On Sea 1 Ltd Competitor Analysis
Perform a competitor analysis for westgate on sea 1 ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in RH2 area or any other competitors across 12 key performance metrics.
westgate on sea 1 ltd Ownership
WESTGATE ON SEA 1 LTD group structure
Westgate On Sea 1 Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
WESTGATE ON SEA 1 LTD
09826735
1 subsidiary
westgate on sea 1 ltd directors
Westgate On Sea 1 Ltd currently has 1 director, Mr Michael Lucas serving since Oct 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Lucas | England | 36 years | Oct 2015 | - | Director |
P&L
August 2023turnover
13.8m
+33%
operating profit
-463.3k
0%
gross margin
9.9%
+1.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-2.7m
+0.21%
total assets
1.9m
-0.38%
cash
0
0%
net assets
Total assets minus all liabilities
westgate on sea 1 ltd company details
company number
09826735
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
October 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
36 a west street, reigate, surrey, RH2 9BX
Bank
-
Legal Advisor
-
westgate on sea 1 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 found 6 charges/mortgages relating to westgate on sea 1 ltd. Currently there are 4 open charges and 2 have been satisfied in the past.
westgate on sea 1 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 ON SEA 1 LTD. This can take several minutes, an email will notify you when this has completed.
westgate on sea 1 ltd Companies House Filings - See Documents
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