westminster apparel limited
westminster apparel limited Company Information
Company Number
10855678
Website
-Registered Address
buncton barn buncton lane, bolney, haywards heath, RH17 5RE
Industry
Manufacture of other wearing apparel and accessories
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
centrefire limited 70%
calibre investments limited 30%
westminster apparel limited Estimated Valuation
Pomanda estimates the enterprise value of WESTMINSTER APPAREL LIMITED at £270.8k based on a Turnover of £529.3k and 0.51x industry multiple (adjusted for size and gross margin).
westminster apparel limited Estimated Valuation
Pomanda estimates the enterprise value of WESTMINSTER APPAREL LIMITED at £46.5k based on an EBITDA of £9.2k and a 5.07x industry multiple (adjusted for size and gross margin).
westminster apparel limited Estimated Valuation
Pomanda estimates the enterprise value of WESTMINSTER APPAREL LIMITED at £0 based on Net Assets of £-42.4k and 3.83x industry multiple (adjusted for liquidity).
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Westminster Apparel Limited Overview
Westminster Apparel Limited is a live company located in haywards heath, RH17 5RE with a Companies House number of 10855678. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in July 2017, it's largest shareholder is centrefire limited with a 70% stake. Westminster Apparel Limited is a young, small sized company, Pomanda has estimated its turnover at £529.3k with low growth in recent years.
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Westminster Apparel Limited Health Check
Pomanda's financial health check has awarded Westminster Apparel Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £529.3k, make it smaller than the average company (£10.1m)
- Westminster Apparel Limited
£10.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.8%)
- Westminster Apparel Limited
3.8% - Industry AVG
Production
with a gross margin of 35.6%, this company has a comparable cost of product (35.6%)
- Westminster Apparel Limited
35.6% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (6.5%)
- Westminster Apparel Limited
6.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (37)
- Westminster Apparel Limited
37 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£34k)
- Westminster Apparel Limited
£34k - Industry AVG
Efficiency
resulting in sales per employee of £176.4k, this is equally as efficient (£180.9k)
- Westminster Apparel Limited
£180.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Westminster Apparel Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (39 days)
- Westminster Apparel Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Westminster Apparel Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Westminster Apparel Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.3%, this is a higher level of debt than the average (52.7%)
101.3% - Westminster Apparel Limited
52.7% - Industry AVG
westminster apparel limited Credit Report and Business Information
Westminster Apparel Limited Competitor Analysis
Perform a competitor analysis for westminster apparel limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
westminster apparel limited Ownership
WESTMINSTER APPAREL LIMITED group structure
Westminster Apparel Limited has 1 subsidiary company.
Ultimate parent company
CENTREFIRE LTD
#0104623
1 parent
WESTMINSTER APPAREL LIMITED
10855678
1 subsidiary
westminster apparel limited directors
Westminster Apparel Limited currently has 5 directors. The longest serving directors include Mr Jonathan Ball (Jul 2017) and Mr Derek Jacobson (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Ball | United Kingdom | 50 years | Jul 2017 | - | Director |
| Mr Derek Jacobson | United Kingdom | 44 years | Jul 2017 | - | Director |
| Mr Jon Ball | England | 50 years | Jul 2017 | - | Director |
| Mr Derek Jacobson | England | 44 years | Jul 2017 | - | Director |
| Mr James Benbow | England | 43 years | Sep 2018 | - | Director |
WESTMINSTER APPAREL LIMITED financials
Westminster Apparel Limited's latest turnover from March 2023 is estimated at £529.3 thousand and the company has net assets of -£42.4 thousand. According to their latest financial statements, we estimate that Westminster Apparel Limited has 3 employees and maintains cash reserves of £7 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| 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
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 36,051 | 36,051 | 36,051 | 36,051 | 36,051 | 36,051 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 36,051 | 36,051 | 36,051 | 36,051 | 36,051 | 36,051 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 2,451,885 | 2,457,310 | 2,238,270 | 2,088,320 | 1,838,320 | 814,000 |
| Misc Debtors | 726,335 | 501,565 | 272,160 | 219,819 | 169,305 | 40,127 |
| Cash | 7 | 7 | 7 | 29 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,178,227 | 2,958,882 | 2,510,437 | 2,308,168 | 2,007,625 | 854,127 |
| total assets | 3,214,278 | 2,994,933 | 2,546,488 | 2,344,219 | 2,043,676 | 890,178 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 90,000 | 90,000 | 90,000 | 63,000 | 46,170 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 450,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 850,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,166,674 | 2,954,765 | 2,522,359 | 2,340,386 | 1,585,288 | 36,501 |
| total current liabilities | 3,256,674 | 3,044,765 | 2,612,359 | 2,403,386 | 2,081,458 | 886,501 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,256,674 | 3,044,765 | 2,612,359 | 2,403,386 | 2,081,458 | 886,501 |
| net assets | -42,396 | -49,832 | -65,871 | -59,167 | -37,782 | 3,677 |
| total shareholders funds | -42,396 | -49,832 | -65,871 | -59,167 | -37,782 | 3,677 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 219,345 | 448,445 | 202,291 | 300,514 | 1,153,498 | 854,127 |
| Creditors | 0 | 0 | 27,000 | 16,830 | 46,170 | 0 |
| Accruals and Deferred Income | 211,909 | 432,406 | 181,973 | 755,098 | 1,548,787 | 36,501 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 36,051 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -450,000 | 450,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -850,000 | 850,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | -22 | 29 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -22 | 29 | 0 | 0 |
P&L
March 2023turnover
529.3k
-22%
operating profit
9.2k
0%
gross margin
35.7%
-1.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-42.4k
-0.15%
total assets
3.2m
+0.07%
cash
7
0%
net assets
Total assets minus all liabilities
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westminster apparel limited company details
company number
10855678
Type
Private limited with Share Capital
industry
14190 - Manufacture of other wearing apparel and accessories
incorporation date
July 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
buncton barn buncton lane, bolney, haywards heath, RH17 5RE
last accounts submitted
March 2023
westminster apparel 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 did not find charges/mortgages relating to westminster apparel limited.
westminster apparel limited Companies House Filings - See Documents
| date | description | view/download |
|---|
