whco9 limited
whco9 limited Company Information
Company Number
11671147
Website
-Registered Address
unit 6250 bishops court, solihull parkway, birmingham, B37 7YB
Industry
Activities of distribution holding companies
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
antonio savario thomas bucciero 63.5%
neil himsworth 18.3%
View Allwhco9 limited Estimated Valuation
Pomanda estimates the enterprise value of WHCO9 LIMITED at £157.8m based on a Turnover of £90m and 1.75x industry multiple (adjusted for size and gross margin).
whco9 limited Estimated Valuation
Pomanda estimates the enterprise value of WHCO9 LIMITED at £6.7m based on an EBITDA of £968.2k and a 6.88x industry multiple (adjusted for size and gross margin).
whco9 limited Estimated Valuation
Pomanda estimates the enterprise value of WHCO9 LIMITED at £6.6m based on Net Assets of £3.5m and 1.9x industry multiple (adjusted for liquidity).
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Whco9 Limited Overview
Whco9 Limited is a live company located in birmingham, B37 7YB with a Companies House number of 11671147. It operates in the activities of distribution holding companies sector, SIC Code 64204. Founded in November 2018, it's largest shareholder is antonio savario thomas bucciero with a 63.5% stake. Whco9 Limited is a young, large sized company, Pomanda has estimated its turnover at £90m with healthy growth in recent years.
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Whco9 Limited Health Check
Pomanda's financial health check has awarded Whco9 Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
8 Weak
Size
annual sales of £90m, make it larger than the average company (£23m)
£90m - Whco9 Limited
£23m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (9.2%)
5% - Whco9 Limited
9.2% - Industry AVG
Production
with a gross margin of 9.1%, this company has a higher cost of product (26.5%)
9.1% - Whco9 Limited
26.5% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (4.7%)
0.5% - Whco9 Limited
4.7% - Industry AVG
Employees
with 4012 employees, this is above the industry average (97)
4012 - Whco9 Limited
97 - Industry AVG
Pay Structure
on an average salary of £21.5k, the company has a lower pay structure (£40.1k)
£21.5k - Whco9 Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £22.4k, this is less efficient (£292.2k)
£22.4k - Whco9 Limited
£292.2k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (49 days)
71 days - Whco9 Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (40 days)
0 days - Whco9 Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Whco9 Limited
- - 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 - Whco9 Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83%, this is a higher level of debt than the average (59.7%)
83% - Whco9 Limited
59.7% - Industry AVG
WHCO9 LIMITED financials
Whco9 Limited's latest turnover from December 2023 is £90 million and the company has net assets of £3.5 million. According to their latest financial statements, Whco9 Limited has 4,012 employees and maintains cash reserves of £22.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 90,011,540 | 95,147,800 | 89,731,899 | 77,408,654 | 93,128,056 | 3,555,149 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 81,840,084 | 84,583,631 | 79,472,556 | 70,726,461 | 83,863,995 | 3,213,855 |
| Gross Profit | 8,171,456 | 10,564,169 | 10,259,343 | 6,682,193 | 9,264,061 | 341,294 |
| Admin Expenses | 7,727,677 | 8,349,199 | 6,956,125 | 5,896,650 | 8,237,361 | 302,349 |
| Operating Profit | 443,779 | 2,214,970 | 3,303,218 | 785,543 | 1,026,700 | 38,945 |
| Interest Payable | 343,256 | 209,977 | 109,385 | 142,951 | 309,320 | 0 |
| Interest Receivable | 939 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 101,462 | 2,004,993 | 3,193,833 | 642,592 | 717,380 | 38,945 |
| Tax | -125,752 | -481,258 | -716,424 | -250,564 | -326,429 | 0 |
| Profit After Tax | -24,290 | 1,523,735 | 2,477,409 | 392,028 | 390,951 | 38,945 |
| Dividends Paid | 1,200,000 | 3,000,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,224,290 | -1,476,265 | 2,477,409 | 392,028 | 390,951 | 38,945 |
| Employee Costs | 86,238,735 | 88,158,299 | 82,417,512 | 73,639,908 | 86,911,315 | 3,351,962 |
| Number Of Employees | 4,012 | 3,595 | 549 | 1,072 | 5,016 | 5,580 |
| EBITDA* | 968,223 | 2,674,718 | 3,982,905 | 1,528,847 | 1,882,996 | 46,324 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 195,378 | 258,069 | 219,105 | 185,046 | 237,469 | 279,492 |
| Intangible Assets | 2,231,143 | 2,678,850 | 3,126,557 | 3,716,254 | 4,364,493 | 5,188,304 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,426,521 | 2,936,919 | 3,345,662 | 3,901,300 | 4,601,962 | 5,467,796 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 17,730,983 | 17,297,565 | 16,400,635 | 15,155,231 | 15,157,946 | 18,996,454 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 229,342 | 441,128 | 208,208 | 324,198 | 463,219 | 835,502 |
| Cash | 22,073 | 273,949 | 1,058 | 515 | 197,978 | 56,882 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,982,398 | 18,012,642 | 16,609,901 | 15,479,944 | 15,819,143 | 19,888,838 |
| total assets | 20,408,919 | 20,949,561 | 19,955,563 | 19,381,244 | 20,421,105 | 25,356,634 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 607,500 | 759,375 | 607,500 |
| Trade Creditors | 112,493 | 254,438 | 5,269,069 | 6,894,403 | 187,790 | 351,464 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 7,128,055 | 6,620,197 | 5,525,687 | 2,413,743 | 6,652,415 | 8,284,973 |
| hp & lease commitments | 18,736 | 18,208 | 17,679 | 0 | 0 | 19,030 |
| other current liabilities | 9,662,240 | 9,307,297 | 2,937,234 | 5,168,991 | 8,309,446 | 10,580,482 |
| total current liabilities | 16,921,524 | 16,200,140 | 13,749,669 | 15,084,637 | 15,909,026 | 19,843,449 |
| loans | 0 | 0 | 0 | 607,500 | 1,215,000 | 2,572,500 |
| hp & lease commitments | 0 | 18,736 | 36,944 | 0 | 0 | 20,556 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 19,000 | 38,000 | 0 | 0 | 0 | 14,001 |
| total long term liabilities | 19,000 | 56,736 | 36,944 | 607,500 | 1,215,000 | 2,607,057 |
| total liabilities | 16,940,524 | 16,256,876 | 13,786,613 | 15,692,137 | 17,124,026 | 22,450,506 |
| net assets | 3,468,395 | 4,692,685 | 6,168,950 | 3,689,107 | 3,297,079 | 2,906,128 |
| total shareholders funds | 3,468,395 | 4,692,685 | 6,168,950 | 3,689,107 | 3,297,079 | 2,906,128 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 443,779 | 2,214,970 | 3,303,218 | 785,543 | 1,026,700 | 38,945 |
| Depreciation | 76,737 | 12,041 | 89,990 | 95,065 | 102,701 | 0 |
| Amortisation | 447,707 | 447,707 | 589,697 | 648,239 | 753,595 | 7,379 |
| Tax | -125,752 | -481,258 | -716,424 | -250,564 | -326,429 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 221,632 | 1,129,850 | 1,129,414 | -141,736 | -4,210,791 | 19,831,956 |
| Creditors | -141,945 | -5,014,631 | -1,625,334 | 6,706,613 | -163,674 | 351,464 |
| Accruals and Deferred Income | 354,943 | 6,370,063 | -2,231,757 | -3,140,455 | -2,271,036 | 10,580,482 |
| Deferred Taxes & Provisions | -19,000 | 38,000 | 0 | 0 | -14,001 | 14,001 |
| Cash flow from operations | 814,837 | 2,457,042 | -1,720,024 | 4,986,177 | 3,318,647 | -8,839,685 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -3,324,602 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -3,324,602 |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | -607,500 | -151,875 | 151,875 | 607,500 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 507,858 | 1,094,510 | 3,111,944 | -4,238,672 | -1,632,558 | 8,284,973 |
| Long term loans | 0 | 0 | -607,500 | -607,500 | -1,357,500 | 2,572,500 |
| Hire Purchase and Lease Commitments | -18,208 | -17,679 | 54,623 | 0 | -39,586 | 39,586 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -342,317 | -209,977 | -109,385 | -142,951 | -309,320 | 0 |
| cash flow from financing | 147,333 | 866,854 | 1,844,616 | -5,140,998 | -3,187,089 | 14,371,742 |
| cash and cash equivalents | ||||||
| cash | -251,876 | 272,891 | 543 | -197,463 | 141,096 | 56,882 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -251,876 | 272,891 | 543 | -197,463 | 141,096 | 56,882 |
whco9 limited Credit Report and Business Information
Whco9 Limited Competitor Analysis
Perform a competitor analysis for whco9 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in B37 area or any other competitors across 12 key performance metrics.
whco9 limited Ownership
WHCO9 LIMITED group structure
Whco9 Limited has 1 subsidiary company.
whco9 limited directors
Whco9 Limited currently has 3 directors. The longest serving directors include Mr Antonio Bucciero (Nov 2018) and Mr Neil Himsworth (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antonio Bucciero | United Kingdom | 55 years | Nov 2018 | - | Director |
| Mr Neil Himsworth | United Kingdom | 62 years | Dec 2018 | - | Director |
| Ms Lindsay Robinson | England | 48 years | Dec 2018 | - | Director |
P&L
December 2023turnover
90m
-5%
operating profit
443.8k
-80%
gross margin
9.1%
-18.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.5m
-0.26%
total assets
20.4m
-0.03%
cash
22.1k
-0.92%
net assets
Total assets minus all liabilities
whco9 limited company details
company number
11671147
Type
Private limited with Share Capital
industry
64204 - Activities of distribution holding companies
incorporation date
November 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DAINS AUDIT LIMITED
address
unit 6250 bishops court, solihull parkway, birmingham, B37 7YB
Bank
YORKSHIRE BANK PLC
Legal Advisor
DWF LLP
whco9 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 6 charges/mortgages relating to whco9 limited. Currently there are 1 open charges and 5 have been satisfied in the past.
whco9 limited Companies House Filings - See Documents
| date | description | view/download |
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