wernick power solutions limited
wernick power solutions limited Company Information
Company Number
11925173
Next Accounts
Sep 2025
Shareholders
s wernick & sons (holdings) limited
Group Structure
View All
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Registered Address
molineux house russell gardens, wickford, essex, SS11 8QG
Website
www.wernick.co.ukwernick power solutions limited Estimated Valuation
Pomanda estimates the enterprise value of WERNICK POWER SOLUTIONS LIMITED at £13.2m based on a Turnover of £16m and 0.83x industry multiple (adjusted for size and gross margin).
wernick power solutions limited Estimated Valuation
Pomanda estimates the enterprise value of WERNICK POWER SOLUTIONS LIMITED at £30.1m based on an EBITDA of £6.7m and a 4.5x industry multiple (adjusted for size and gross margin).
wernick power solutions limited Estimated Valuation
Pomanda estimates the enterprise value of WERNICK POWER SOLUTIONS LIMITED at £7.6m based on Net Assets of £3.5m and 2.15x industry multiple (adjusted for liquidity).
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Wernick Power Solutions Limited Overview
Wernick Power Solutions Limited is a live company located in essex, SS11 8QG with a Companies House number of 11925173. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in April 2019, it's largest shareholder is s wernick & sons (holdings) limited with a 100% stake. Wernick Power Solutions Limited is a young, mid sized company, Pomanda has estimated its turnover at £16m with rapid growth in recent years.
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Wernick Power Solutions Limited Health Check
Pomanda's financial health check has awarded Wernick Power Solutions Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £16m, make it larger than the average company (£12.9m)
£16m - Wernick Power Solutions Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (8.9%)
- Wernick Power Solutions Limited
8.9% - Industry AVG
Production
with a gross margin of 42.7%, this company has a lower cost of product (35%)
42.7% - Wernick Power Solutions Limited
35% - Industry AVG
Profitability
an operating margin of 13.2% make it as profitable than the average company (12.2%)
13.2% - Wernick Power Solutions Limited
12.2% - Industry AVG
Employees
with 69 employees, this is similar to the industry average (60)
69 - Wernick Power Solutions Limited
60 - Industry AVG
Pay Structure
on an average salary of £35.5k, the company has a lower pay structure (£44.5k)
£35.5k - Wernick Power Solutions Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £231.7k, this is equally as efficient (£222.2k)
£231.7k - Wernick Power Solutions Limited
£222.2k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (59 days)
51 days - Wernick Power Solutions Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (48 days)
82 days - Wernick Power Solutions Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is more than average (12 days)
16 days - Wernick Power Solutions Limited
12 days - 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 - Wernick Power Solutions Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (56.4%)
86% - Wernick Power Solutions Limited
56.4% - Industry AVG
WERNICK POWER SOLUTIONS LIMITED financials
Wernick Power Solutions Limited's latest turnover from December 2023 is £16 million and the company has net assets of £3.5 million. According to their latest financial statements, Wernick Power Solutions Limited has 69 employees and maintains cash reserves of £237.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 15,986,298 | 11,713,744 | 11,530,396 | ||
| Other Income Or Grants | |||||
| Cost Of Sales | 9,155,645 | 6,991,975 | 6,238,231 | ||
| Gross Profit | 6,830,653 | 4,721,769 | 5,292,165 | ||
| Admin Expenses | 4,726,901 | 3,793,830 | 3,443,192 | ||
| Operating Profit | 2,103,752 | 927,939 | 1,848,973 | ||
| Interest Payable | 152,329 | 141,839 | 122,921 | ||
| Interest Receivable | 4,251,201 | ||||
| Pre-Tax Profit | 1,951,423 | 786,100 | 1,726,052 | ||
| Tax | -579,281 | -381,844 | -540,135 | ||
| Profit After Tax | 1,372,142 | 404,256 | 1,185,917 | ||
| Dividends Paid | |||||
| Retained Profit | 1,372,142 | 404,256 | 1,185,917 | ||
| Employee Costs | 2,451,140 | 2,071,889 | 1,857,626 | ||
| Number Of Employees | 69 | 46 | 45 | 43 | 14 |
| EBITDA* | 6,679,012 | 4,726,471 | 5,294,121 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 16,581,584 | 13,297,397 | 14,699,896 | 9,905,269 | 3,375,257 |
| Intangible Assets | 2,895,421 | 643,339 | 952,141 | 1,260,943 | |
| Investments & Other | 1,733,530 | ||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 21,210,535 | 13,940,736 | 15,652,037 | 11,166,212 | 3,375,257 |
| Stock & work in progress | 408,813 | 378,782 | 191,341 | 177,351 | 103,847 |
| Trade Debtors | 2,245,987 | 1,040,249 | 737,300 | 416,063 | 217 |
| Group Debtors | |||||
| Misc Debtors | 1,049,488 | 30,567 | 173,249 | 157,348 | 3,465 |
| Cash | 237,626 | 44,443 | 150,227 | 5,574 | 49,215 |
| misc current assets | |||||
| total current assets | 3,941,914 | 1,494,041 | 1,252,117 | 756,336 | 156,744 |
| total assets | 25,152,449 | 15,434,777 | 16,904,154 | 11,922,548 | 3,532,001 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 2,060,755 | 1,096,775 | 1,591,402 | 1,290,173 | 36,983 |
| Group/Directors Accounts | 12,422,681 | 5,826,845 | 4,027,389 | 1,546,920 | 421,654 |
| other short term finances | |||||
| hp & lease commitments | 2,249,902 | 2,864,831 | 3,782,704 | ||
| other current liabilities | 2,536,106 | 1,168,665 | 689,172 | 3,849,715 | 1,176,432 |
| total current liabilities | 19,269,444 | 10,957,116 | 10,090,667 | 6,686,808 | 1,635,069 |
| loans | |||||
| hp & lease commitments | 1,817,179 | 1,827,055 | 4,567,137 | 1,543,933 | |
| Accruals and Deferred Income | |||||
| other liabilities | 4,319,599 | ||||
| provisions | 547,370 | 504,292 | 504,292 | 360,000 | 11,285 |
| total long term liabilities | 2,364,549 | 2,331,347 | 5,071,429 | 4,679,599 | 1,555,218 |
| total liabilities | 21,633,993 | 13,288,463 | 15,162,096 | 11,366,407 | 3,190,287 |
| net assets | 3,518,456 | 2,146,314 | 1,742,058 | 556,141 | 341,714 |
| total shareholders funds | 3,518,456 | 2,146,314 | 1,742,058 | 556,141 | 341,714 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 2,103,752 | 927,939 | 1,848,973 | ||
| Depreciation | 3,963,952 | 3,489,730 | 3,136,346 | 1,290,969 | 263,646 |
| Amortisation | 611,308 | 308,802 | 308,802 | 283,069 | |
| Tax | -579,281 | -381,844 | -540,135 | ||
| Stock | 30,031 | 187,441 | 13,990 | 73,504 | 103,847 |
| Debtors | 2,224,659 | 160,267 | 337,138 | 569,729 | 3,682 |
| Creditors | 963,980 | -494,627 | 301,229 | 1,253,190 | 36,983 |
| Accruals and Deferred Income | 1,367,441 | 479,493 | -3,160,543 | 2,673,283 | 1,176,432 |
| Deferred Taxes & Provisions | 43,078 | 144,292 | 348,715 | 11,285 | |
| Cash flow from operations | 6,219,540 | 3,981,785 | 1,687,836 | ||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 1,733,530 | ||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 6,595,836 | 1,799,456 | 2,480,469 | 1,125,266 | 421,654 |
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | -624,805 | -3,657,955 | 8,349,841 | -1,543,933 | 1,543,933 |
| other long term liabilities | -4,319,599 | 4,319,599 | |||
| share issue | |||||
| interest | 4,098,872 | -141,839 | -122,921 | ||
| cash flow from financing | 10,069,903 | -2,000,338 | 6,387,790 | ||
| cash and cash equivalents | |||||
| cash | 193,183 | -105,784 | 144,653 | -43,641 | 49,215 |
| overdraft | |||||
| change in cash | 193,183 | -105,784 | 144,653 | -43,641 | 49,215 |
wernick power solutions limited Credit Report and Business Information
Wernick Power Solutions Limited Competitor Analysis
Perform a competitor analysis for wernick power solutions limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in SS11 area or any other competitors across 12 key performance metrics.
wernick power solutions limited Ownership
WERNICK POWER SOLUTIONS LIMITED group structure
Wernick Power Solutions Limited has 1 subsidiary company.
Ultimate parent company
2 parents
WERNICK POWER SOLUTIONS LIMITED
11925173
1 subsidiary
wernick power solutions limited directors
Wernick Power Solutions Limited currently has 5 directors. The longest serving directors include Mr John Jaggon (Apr 2019) and Mr David Wernick (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Jaggon | England | 56 years | Apr 2019 | - | Director |
| Mr David Wernick | England | 68 years | Apr 2019 | - | Director |
| Mr Jonathan Wernick | England | 35 years | Jan 2021 | - | Director |
| Mr Michael Thistlethwaite | England | 53 years | Jan 2023 | - | Director |
| Mr Nicholas Crane | England | 51 years | Jan 2025 | - | Director |
P&L
December 2023turnover
16m
+36%
operating profit
2.1m
+127%
gross margin
42.8%
+6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.5m
+0.64%
total assets
25.2m
+0.63%
cash
237.6k
+4.35%
net assets
Total assets minus all liabilities
wernick power solutions limited company details
company number
11925173
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
April 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
RICKARD LUCKIN LIMITED
address
molineux house russell gardens, wickford, essex, SS11 8QG
Bank
-
Legal Advisor
-
wernick power solutions 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 3 charges/mortgages relating to wernick power solutions limited. Currently there are 3 open charges and 0 have been satisfied in the past.
wernick power solutions 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.
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wernick power solutions limited Companies House Filings - See Documents
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