westcombe developments limited
westcombe developments limited Company Information
Company Number
11235987
Next Accounts
98 days late
Shareholders
vraj pankhania
kamal pankhania
View AllGroup Structure
View All
Industry
Development of building projects
Registered Address
acre house 11/15 william road, london, NW1 3ER
Website
www.westcombehomes.comwestcombe developments limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCOMBE DEVELOPMENTS LIMITED at £4.9m based on a Turnover of £8.6m and 0.57x industry multiple (adjusted for size and gross margin).
westcombe developments limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCOMBE DEVELOPMENTS LIMITED at £3m based on an EBITDA of £668.4k and a 4.5x industry multiple (adjusted for size and gross margin).
westcombe developments limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCOMBE DEVELOPMENTS LIMITED at £0 based on Net Assets of £-131.4k and 1.41x industry multiple (adjusted for liquidity).
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Westcombe Developments Limited Overview
Westcombe Developments Limited is a live company located in london, NW1 3ER with a Companies House number of 11235987. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2018, it's largest shareholder is vraj pankhania with a 33.3% stake. Westcombe Developments Limited is a young, mid sized company, Pomanda has estimated its turnover at £8.6m with unknown growth in recent years.
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Westcombe Developments Limited Health Check
Pomanda's financial health check has awarded Westcombe Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £8.6m, make it larger than the average company (£2.2m)
- Westcombe Developments Limited
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Westcombe Developments Limited
- - Industry AVG
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- Westcombe Developments Limited
25.9% - Industry AVG
Profitability
an operating margin of 7.8% make it as profitable than the average company (8.4%)
- Westcombe Developments Limited
8.4% - Industry AVG
Employees
with 32 employees, this is above the industry average (6)
- Westcombe Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £46k, the company has an equivalent pay structure (£46k)
- Westcombe Developments Limited
£46k - Industry AVG
Efficiency
resulting in sales per employee of £267.7k, this is equally as efficient (£270.9k)
- Westcombe Developments Limited
£270.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Westcombe Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (30 days)
- Westcombe Developments Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 819 days, this is more than average (180 days)
- Westcombe Developments Limited
180 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Westcombe Developments Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.9%, this is a higher level of debt than the average (73.9%)
100.9% - Westcombe Developments Limited
73.9% - Industry AVG
WESTCOMBE DEVELOPMENTS LIMITED financials
Westcombe Developments Limited's latest turnover from March 2023 is estimated at £8.6 million and the company has net assets of -£131.4 thousand. According to their latest financial statements, we estimate that Westcombe Developments Limited has 32 employees and maintains cash reserves of £150 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| 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 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | |||||
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | |||||
| Stock & work in progress | 14,256,269 | 13,013,449 | 12,247,050 | ||
| Trade Debtors | |||||
| Group Debtors | |||||
| Misc Debtors | 13,746 | 12,398 | 41,936 | 2 | 2 |
| Cash | 150 | 162 | |||
| misc current assets | |||||
| total current assets | 14,270,165 | 13,026,009 | 12,288,986 | 2 | 2 |
| total assets | 14,270,165 | 13,026,009 | 12,288,986 | 2 | 2 |
| Bank overdraft | 127 | 147 | 126 | ||
| Bank loan | |||||
| Trade Creditors | 454,108 | 35,447 | 3,420 | ||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 6,510,655 | 5,713,479 | 5,086,810 | 3,199 | |
| total current liabilities | 6,964,890 | 5,749,073 | 5,090,356 | 3,199 | |
| loans | 7,436,722 | 7,320,473 | 7,227,350 | ||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 7,436,722 | 7,320,473 | 7,227,350 | ||
| total liabilities | 14,401,612 | 13,069,546 | 12,317,706 | 3,199 | |
| net assets | -131,447 | -43,537 | -28,720 | -3,197 | 2 |
| total shareholders funds | -131,447 | -43,537 | -28,720 | -3,197 | 2 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | 1,242,820 | 766,399 | 12,247,050 | ||
| Debtors | 1,348 | -29,538 | 41,934 | 2 | |
| Creditors | 418,661 | 32,027 | 3,420 | ||
| Accruals and Deferred Income | 797,176 | 626,669 | 5,083,611 | 3,199 | |
| 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 | 116,249 | 93,123 | 7,227,350 | ||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -12 | 162 | |||
| overdraft | -20 | 21 | 126 | ||
| change in cash | 8 | 141 | -126 |
westcombe developments limited Credit Report and Business Information
Westcombe Developments Limited Competitor Analysis
Perform a competitor analysis for westcombe developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in NW1 area or any other competitors across 12 key performance metrics.
westcombe developments limited Ownership
WESTCOMBE DEVELOPMENTS LIMITED group structure
Westcombe Developments Limited has no subsidiary companies.
Ultimate parent company
WESTCOMBE DEVELOPMENTS LIMITED
11235987
westcombe developments limited directors
Westcombe Developments Limited currently has 3 directors. The longest serving directors include Mr Kamal Pankhania (Mar 2018) and Mr Sunil Pankhania (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kamal Pankhania | United Kingdom | 47 years | Mar 2018 | - | Director |
| Mr Sunil Pankhania | United Kingdom | 42 years | Mar 2018 | - | Director |
| Mr Vraj Pankhania | United Kingdom | 74 years | May 2020 | - | Director |
P&L
March 2023turnover
8.6m
+75%
operating profit
668.4k
0%
gross margin
26%
+5.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-131.4k
+2.02%
total assets
14.3m
+0.1%
cash
150
-0.07%
net assets
Total assets minus all liabilities
Similar Companies
westcombe developments limited company details
company number
11235987
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
acre house 11/15 william road, london, NW1 3ER
Bank
-
Legal Advisor
-
westcombe developments 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 5 charges/mortgages relating to westcombe developments limited. Currently there are 5 open charges and 0 have been satisfied in the past.
westcombe developments 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.
Click to start generating capital raising & share issue transactions for WESTCOMBE DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
westcombe developments limited Companies House Filings - See Documents
| date | description | view/download |
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