winset ltd

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winset ltd Company Information

Share WINSET LTD

Company Number

10761851

Shareholders

lrs investments llp

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

fairchild house, redbourne avenue, london, N3 2BP

winset ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of WINSET LTD at £1.1m based on a Turnover of £1.9m and 0.58x industry multiple (adjusted for size and gross margin).

winset ltd Estimated Valuation

£709.6k

Pomanda estimates the enterprise value of WINSET LTD at £709.6k based on an EBITDA of £170.4k and a 4.16x industry multiple (adjusted for size and gross margin).

winset ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of WINSET LTD at £0 based on Net Assets of £-15.7k and 2.3x industry multiple (adjusted for liquidity).

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Winset Ltd Overview

Winset Ltd is a live company located in london, N3 2BP with a Companies House number of 10761851. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2017, it's largest shareholder is lrs investments llp with a 100% stake. Winset Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.

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Winset Ltd Health Check

Pomanda's financial health check has awarded Winset Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £1.9m, make it smaller than the average company (£3.7m)

£1.9m - Winset Ltd

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.3%)

-4% - Winset Ltd

8.3% - Industry AVG

production

Production

with a gross margin of 37.8%, this company has a comparable cost of product (37.8%)

37.8% - Winset Ltd

37.8% - Industry AVG

profitability

Profitability

an operating margin of 9.2% make it more profitable than the average company (5.7%)

9.2% - Winset Ltd

5.7% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (22)

3 - Winset Ltd

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.5k, the company has an equivalent pay structure (£46.5k)

£46.5k - Winset Ltd

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £617.3k, this is more efficient (£146.2k)

£617.3k - Winset Ltd

£146.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Winset Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (32 days)

2 days - Winset Ltd

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 559 days, this is more than average (28 days)

559 days - Winset Ltd

28 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (27 weeks)

0 weeks - Winset Ltd

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100.9%, this is a higher level of debt than the average (58.7%)

100.9% - Winset Ltd

58.7% - Industry AVG

WINSET LTD financials

EXPORTms excel logo

Winset Ltd's latest turnover from March 2024 is estimated at £1.9 million and the company has net assets of -£15.7 thousand. According to their latest financial statements, Winset Ltd has 3 employees and maintains cash reserves of £7.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Turnover1,851,9223,070,6281,724,1282,082,1224,455,6623,000,8653,043,999
Other Income Or Grants0000000
Cost Of Sales1,151,1451,893,1191,070,3381,307,6342,769,0091,871,3881,890,899
Gross Profit700,7771,177,509653,790774,4881,686,6531,129,4771,153,099
Admin Expenses530,3901,272,184509,134597,0511,447,989901,2531,067,145
Operating Profit170,387-94,675144,656177,437238,664228,22485,954
Interest Payable136,266103,43196,084133,590158,295197,43842,488
Interest Receivable4132,028757987433255
Pre-Tax Profit34,535-196,07949,33043,94680,44331,119-11,491
Tax-8,6340-9,373-8,350-15,284-5,9130
Profit After Tax25,901-196,07939,95735,59665,15925,206-11,491
Dividends Paid0000000
Retained Profit25,901-196,07939,95735,59665,15925,206-11,491
Employee Costs139,448179,061169,268161,113159,206154,396145,592
Number Of Employees3444444
EBITDA*170,387-94,675144,656177,437238,664228,22485,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets0000000
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets0000000
Stock & work in progress1,763,6481,763,6481,763,6482,057,5902,351,5312,792,4432,939,414
Trade Debtors0000000
Group Debtors0000000
Misc Debtors15,8717,97412,21017,77116,19718,02836,040
Cash7,3858,36387,070114,83881,87666,62921,986
misc current assets0000000
total current assets1,786,9041,779,9851,862,9282,190,1992,449,6042,877,1002,997,440
total assets1,786,9041,779,9851,862,9282,190,1992,449,6042,877,1002,997,440
Bank overdraft0000000
Bank loan0000000
Trade Creditors 7,72501725,44307541,777
Group/Directors Accounts579,453581,033890,11966000
other short term finances0000000
hp & lease commitments0000000
other current liabilities4,22529,35211,28330,21830,72812,6297,152
total current liabilities591,403610,385901,57435,72730,72813,3838,929
loans1,211,2501,211,250806,9252,040,0002,340,0002,850,0003,000,000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions0000000
total long term liabilities1,211,2501,211,250806,9252,040,0002,340,0002,850,0003,000,000
total liabilities1,802,6531,821,6351,708,4992,075,7272,370,7282,863,3833,008,929
net assets-15,749-41,650154,429114,47278,87613,717-11,489
total shareholders funds-15,749-41,650154,429114,47278,87613,717-11,489
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit170,387-94,675144,656177,437238,664228,22485,954
Depreciation0000000
Amortisation0000000
Tax-8,6340-9,373-8,350-15,284-5,9130
Stock00-293,942-293,941-440,912-146,9712,939,414
Debtors7,897-4,236-5,5611,574-1,831-18,01236,040
Creditors7,725-172-5,2715,443-754-1,0231,777
Accruals and Deferred Income-25,12718,069-18,935-51018,0995,4777,152
Deferred Taxes & Provisions0000000
Cash flow from operations136,454-72,542410,580466,387683,468391,748-2,880,571
Investing Activities
capital expenditure0000000
Change in Investments0000000
cash flow from investments0000000
Financing Activities
Bank loans0000000
Group/Directors Accounts-1,580-309,086890,05366000
Other Short Term Loans 0000000
Long term loans0404,325-1,233,075-300,000-510,000-150,0003,000,000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0000002
interest-135,853-101,403-95,327-133,492-158,221-197,106-42,433
cash flow from financing-137,433-6,164-438,349-433,426-668,221-347,1062,957,569
cash and cash equivalents
cash-978-78,707-27,76832,96215,24744,64321,986
overdraft0000000
change in cash-978-78,707-27,76832,96215,24744,64321,986

winset ltd 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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Winset Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for winset ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in N 3 area or any other competitors across 12 key performance metrics.

winset ltd Ownership

WINSET LTD group structure

Winset Ltd has no subsidiary companies.

Ultimate parent company

1 parent

WINSET LTD

10761851

WINSET LTD Shareholders

lrs investments llp 100%

winset ltd directors

Winset Ltd currently has 3 directors. The longest serving directors include Mr Giovanni Losi (May 2017) and Mr Melvin Robinson (May 2017).

officercountryagestartendrole
Mr Giovanni LosiUnited Kingdom76 years May 2017- Director
Mr Melvin RobinsonUnited Kingdom68 years May 2017- Director
Mr Steven SharpeUnited Kingdom57 years May 2017- Director

P&L

March 2024

turnover

1.9m

-40%

operating profit

170.4k

0%

gross margin

37.9%

-1.32%

turnover

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

Balance Sheet

March 2024

net assets

-15.7k

-0.62%

total assets

1.8m

0%

cash

7.4k

-0.12%

net assets

Total assets minus all liabilities

winset ltd company details

company number

10761851

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2017

age

8

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

fairchild house, redbourne avenue, london, N3 2BP

Bank

-

Legal Advisor

-

winset 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 3 charges/mortgages relating to winset ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

winset 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 WINSET LTD. This can take several minutes, an email will notify you when this has completed.

winset ltd Companies House Filings - See Documents

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