Pomanda estimates the enterprise value of WESTBANK GROUP LIMITED at £100.7m based on a Turnover of £120.4m and 0.84x industry multiple (adjusted for size and gross margin).
westbank group limitedEstimated Valuation
£63m
Pomanda estimates the enterprise value of WESTBANK GROUP LIMITED at £63m based on an EBITDA of £11.4m and a 5.55x industry multiple (adjusted for size and gross margin).
westbank group limitedEstimated Valuation
£95.2m
Pomanda estimates the enterprise value of WESTBANK GROUP LIMITED at £95.2m based on Net Assets of £50.4m and 1.89x industry multiple (adjusted for liquidity).
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Westbank Group LimitedOverview
Westbank Group Limited is a live company located in belfast, BT3 9JU with a Companies House number of NI021953. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in September 1988, it's largest shareholder is
james wallace mcconachie
with a 81% stake. Westbank Group Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£120.4m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Westbank Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £120.4m, make it larger than the average company (£7.9m)
£120.4m - Westbank Group Limited
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (7.6%)
43% - Westbank Group Limited
7.6% - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (29.6%)
21% - Westbank Group Limited
29.6% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (6.1%)
9% - Westbank Group Limited
6.1% - Industry AVG
Employees
with 206 employees, this is above the industry average (15)
206 - Westbank Group Limited
15 - Industry AVG
Pay Structure
on an average salary of £48.4k, the company has an equivalent pay structure (£57.1k)
£48.4k - Westbank Group Limited
£57.1k - Industry AVG
Efficiency
resulting in sales per employee of £584.3k, this is more efficient (£398.5k)
£584.3k - Westbank Group Limited
£398.5k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (53 days)
92 days - Westbank Group Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 91 days, this is slower than average (30 days)
91 days - Westbank Group Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 106 days, this is more than average (74 days)
106 days - Westbank Group Limited
74 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 9 weeks, this is less cash available to meet short term requirements (19 weeks)
9 weeks - Westbank Group Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.1%, this is a similar level of debt than the average (53.1%)
53.1% - Westbank Group Limited
53.1% - Industry AVG
WESTBANK GROUP LIMITED financials
EXPORT
Westbank Group Limited's latest turnover from August 2023 is £120.4 million and the company has net assets of £50.4 million. According to their latest financial statements, Westbank Group Limited has 206 employees and maintains cash reserves of £8.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Turnover
120,373,289
94,486,466
66,058,951
40,921,980
29,828,463
27,902,860
26,826,612
27,406,557
26,270,657
25,047,317
21,778,660
20,282,485
15,921,015
13,033,142
Other Income Or Grants
Cost Of Sales
95,101,630
75,056,788
52,852,220
32,153,825
22,676,459
20,500,036
19,181,796
20,285,104
18,860,282
18,045,349
15,992,404
15,069,491
11,698,114
9,356,965
Gross Profit
25,271,659
19,429,678
13,206,731
8,768,155
7,152,004
7,402,824
7,644,816
7,121,453
7,410,375
7,001,968
5,786,256
5,212,994
4,222,901
3,676,177
Admin Expenses
14,472,614
11,449,523
7,197,545
5,841,149
4,995,557
5,499,985
5,848,701
4,603,016
4,791,848
5,141,901
4,088,761
3,936,472
3,270,295
846,817
Operating Profit
10,799,045
7,980,155
6,009,186
2,927,006
2,156,447
1,902,839
1,796,115
2,518,437
2,618,527
1,860,067
1,697,495
1,276,522
952,606
2,829,360
Interest Payable
828,018
303,750
133,995
194,483
138,288
127,472
121,862
89,041
128,061
104,975
104,538
109,928
100,358
96,953
Interest Receivable
26,474
35,299
11,518
9,022
6,542
224
307
1,169
1,104
2,779
2,980
Pre-Tax Profit
12,183,038
8,962,014
6,681,936
3,348,112
2,563,026
4,326,118
2,158,657
2,974,897
3,178,305
2,243,447
2,227,693
1,937,882
1,461,710
4,083,103
Tax
-1,921,766
-1,363,273
-750,064
-373,186
-276,710
-222,854
-233,288
-472,236
-545,805
-423,966
-451,433
-404,964
-434,084
-336,616
Profit After Tax
10,261,272
7,598,741
5,931,872
2,974,926
2,286,316
4,103,264
1,925,369
2,502,661
2,632,500
1,819,481
1,776,260
1,532,918
1,027,626
3,746,487
Dividends Paid
262,000
40,000
42,176
Retained Profit
10,261,272
7,598,741
6,134,475
2,771,970
2,013,446
4,534,426
2,283,476
1,991,200
1,996,219
1,290,032
1,263,081
1,224,223
849,040
3,581,012
Employee Costs
9,973,178
8,502,986
6,442,913
4,144,387
3,144,161
3,410,539
3,283,937
2,878,202
3,006,482
2,766,564
2,436,645
2,277,551
1,957,244
1,771,392
Number Of Employees
206
201
200
99
96
123
82
50
101
101
91
80
77
72
EBITDA*
11,351,190
8,405,499
6,385,253
3,254,693
2,370,252
2,142,284
2,122,653
2,686,455
2,802,890
2,012,823
1,839,626
1,406,412
1,054,098
2,926,428
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Tangible Assets
17,488,168
14,400,572
10,977,840
17,755,112
6,973,707
5,596,942
4,925,849
4,843,976
4,912,384
4,463,065
3,710,666
3,525,918
1,789,246
1,323,561
Intangible Assets
5,392,617
1,617,358
1,690,566
56,000
16,713
41,709
66,705
91,701
116,697
141,694
Investments & Other
16,175,650
20,087,507
19,313,457
5,266,877
5,084,219
4,255,022
4,288,938
2,470,582
2,572,626
2,405,135
2,365,647
2,331,906
2,154,837
769,952
Debtors (Due After 1 year)
Total Fixed Assets
39,056,435
36,105,437
31,981,863
23,077,989
12,057,926
9,851,964
9,214,787
7,314,558
7,501,723
6,909,909
6,143,018
5,949,525
4,060,780
2,235,207
Stock & work in progress
27,852,361
20,204,414
11,726,595
9,858,953
4,000,191
3,371,589
2,989,124
2,576,544
2,715,911
1,883,936
2,144,701
1,664,340
1,856,091
1,498,614
Trade Debtors
30,427,688
20,525,408
17,935,961
8,682,666
7,254,811
7,438,924
7,418,259
8,014,774
6,228,871
5,977,217
5,865,252
5,432,890
4,974,449
3,637,295
Group Debtors
37,656
478,544
88,000
88,000
30,000
135,000
157,500
284,353
348,750
Misc Debtors
2,279,586
2,179,759
2,347,332
3,303,873
10,613,594
9,980,570
9,080,295
7,763,891
5,446,211
3,020,890
1,599,452
861,469
652,349
1,764,440
Cash
8,067,583
2,853,125
2,388,773
1,856,906
1,848,362
2,706,919
355,122
1,769,739
52,583
265,909
1,591,222
879,942
623,020
344,029
misc current assets
545
total current assets
68,664,874
46,241,795
34,398,661
23,790,398
23,804,958
23,498,002
19,842,800
20,124,948
14,473,576
11,147,952
11,335,627
8,996,141
8,390,262
7,593,128
total assets
107,721,309
82,347,232
66,380,524
46,868,387
35,862,884
33,349,966
29,057,587
27,439,506
21,975,299
18,057,861
17,478,645
14,945,666
12,451,042
9,828,335
Bank overdraft
7,856,402
4,036,372
3,785,443
2,080,101
2,546,917
2,613,584
3,461,951
4,320,949
2,538,002
1,946,802
3,414,781
2,705,171
2,741,858
1,660,167
Bank loan
3,014,137
3,033,006
145,109
125,486
Trade Creditors
23,844,178
17,408,730
13,197,932
5,683,284
4,323,697
4,562,926
4,327,205
4,805,256
3,501,527
3,468,674
3,381,799
3,247,719
2,615,048
2,402,363
Group/Directors Accounts
100,000
100,000
2,828,483
2,532,100
634,027
594,002
604,002
693,480
731,328
251,620
66,965
32,179
other short term finances
hp & lease commitments
32,576
61,562
62,417
17,749
38,450
58,262
74,880
86,739
109,442
75,765
79,803
70,623
51,475
34,157
other current liabilities
8,726,038
4,521,395
3,773,668
2,807,800
2,095,715
2,064,593
1,876,330
1,306,692
1,259,172
1,426,163
812,265
872,256
826,708
467,970
total current liabilities
43,573,331
29,161,065
23,647,943
13,121,034
9,638,806
9,893,367
10,344,368
11,213,116
8,139,471
6,917,404
7,940,268
6,895,769
6,447,163
4,722,322
loans
13,029,103
12,564,188
9,332,236
5,067,937
1,874,659
1,329,293
1,107,856
321,683
293,963
346,077
483,317
674,596
131,851
319,219
hp & lease commitments
31,111
81,569
9,334
27,081
65,533
100,494
78,453
119,706
82,899
62,527
63,531
66,807
14,032
Accruals and Deferred Income
other liabilities
75,132
1,132,710
provisions
629,119
188,764
181,845
20,546
14,371
4,107
16,570
44,051
60,032
53,509
32,116
23,882
25,436
20,142
total long term liabilities
13,658,222
12,784,063
9,670,782
6,230,527
1,916,111
1,398,933
1,224,920
444,187
473,701
482,485
577,960
762,009
224,094
353,393
total liabilities
57,231,553
41,945,128
33,318,725
19,351,561
11,554,917
11,292,300
11,569,288
11,657,303
8,613,172
7,399,889
8,518,228
7,657,778
6,671,257
5,075,715
net assets
50,386,071
37,661,244
29,300,692
23,553,116
21,009,674
19,206,869
14,206,340
12,282,879
10,374,264
8,306,390
6,876,284
5,676,934
4,435,350
3,586,771
total shareholders funds
50,386,071
37,661,244
29,300,692
23,553,116
21,009,674
19,206,869
14,206,340
12,282,879
10,374,264
8,306,390
6,876,284
5,676,934
4,435,350
3,586,771
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Operating Activities
Operating Profit
10,799,045
7,980,155
6,009,186
2,927,006
2,156,447
1,902,839
1,796,115
2,518,437
2,618,527
1,860,067
1,697,495
1,276,522
952,606
2,829,360
Depreciation
519,138
392,337
359,900
327,687
213,805
239,445
326,538
151,305
159,367
127,760
117,135
104,894
76,495
72,071
Amortisation
33,007
33,007
16,167
16,713
24,996
24,996
24,996
24,996
24,997
24,997
Tax
-1,921,766
-1,363,273
-750,064
-373,186
-276,710
-222,854
-233,288
-472,236
-545,805
-423,966
-451,433
-404,964
-434,084
-336,616
Stock
7,647,947
8,477,819
1,867,642
5,858,762
628,602
382,465
412,580
-139,367
831,975
-260,765
480,361
-191,751
357,477
1,498,614
Debtors
9,561,219
2,900,418
8,208,754
-5,881,866
536,911
920,940
719,889
4,073,583
2,706,975
1,398,403
1,147,845
540,708
160,666
5,750,485
Creditors
6,435,448
4,210,798
7,514,648
1,359,587
-239,229
235,721
-478,051
1,303,729
32,853
86,875
134,080
632,671
212,685
2,402,363
Accruals and Deferred Income
4,204,643
747,727
965,868
712,085
31,122
188,263
569,638
47,520
-166,991
613,898
-59,991
45,548
358,738
467,970
Deferred Taxes & Provisions
440,355
6,919
161,299
6,175
10,264
-12,463
-27,481
-15,981
6,523
21,393
8,234
-1,554
5,294
20,142
Cash flow from operations
3,300,704
629,433
4,200,608
4,982,458
730,186
1,027,546
821,002
-384,729
-1,409,480
1,173,385
-157,690
1,329,156
678,588
-1,768,812
Investing Activities
capital expenditure
-506,715
-408,411
9,309
-624,146
-899,871
-306,005
-1,846,234
-1,731,666
-92,073
Change in Investments
-3,911,857
774,050
14,046,580
182,658
829,197
-33,916
1,818,356
-102,044
167,491
39,488
33,741
177,069
1,384,885
769,952
cash flow from investments
3,911,857
-774,050
-14,046,580
-182,658
-829,197
-472,799
-2,226,767
111,353
-791,637
-939,359
-339,746
-2,023,303
-3,116,551
-862,025
Financing Activities
Bank loans
-18,869
3,033,006
-145,109
19,623
125,486
Group/Directors Accounts
-2,728,483
296,383
1,898,073
40,025
-10,000
-89,478
-37,848
731,328
-251,620
251,620
-66,965
34,786
32,179
Other Short Term Loans
Long term loans
464,915
3,231,952
4,264,299
3,193,278
545,366
221,437
786,173
27,720
-52,114
-137,240
-191,279
542,745
-187,368
319,219
Hire Purchase and Lease Commitments
-60,097
-51,313
116,903
-38,448
-58,264
-51,579
10,182
-63,956
70,484
16,334
8,176
15,872
70,093
48,189
other long term liabilities
-75,132
-1,057,578
1,132,710
share issue
2,463,555
761,811
-386,899
-228,528
-210,641
466,103
-360,015
-82,585
71,655
140,074
-63,731
17,361
-461
5,759
interest
-801,544
-268,451
-133,995
-194,483
-126,770
-118,450
-115,320
-88,817
-127,754
-103,806
-103,434
-107,149
-97,378
-96,953
cash flow from financing
2,047,960
3,903,390
3,099,113
5,762,602
189,716
507,511
231,542
-245,486
693,599
-336,258
-98,648
256,755
-160,705
433,879
cash and cash equivalents
cash
5,214,458
464,352
531,867
8,544
-858,557
2,351,797
-1,414,617
1,717,156
-213,326
-1,325,313
711,280
256,922
278,991
344,029
overdraft
3,820,030
250,929
1,705,342
-466,816
-66,667
-848,367
-858,998
1,782,947
591,200
-1,467,979
709,610
-36,687
1,081,691
1,660,167
change in cash
1,394,428
213,423
-1,173,475
475,360
-791,890
3,200,164
-555,619
-65,791
-804,526
142,666
1,670
293,609
-802,700
-1,316,138
westbank group limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for westbank group limited. Get real-time insights into westbank group limited's credit score, group structure and payment trends.
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westbank group limited Ownership
WESTBANK GROUP LIMITED group structure
Westbank Group Limited has 3 subsidiary companies.
The largest shareholders in Westbank Group Limited include James Wallace Mcconachie and Robert Martyn Mcconachie.
james wallace mcconachie
81.01%
robert martyn mcconachie
18.99%
westbank group limited directors
Westbank Group Limited currently has 2 directors.
The longest serving directors include
Mr James McConachie (Sep 1988) and
Mr Robert McConachie (Jan 2017).
46180 - Agents specialised in the sale of other particular products
incorporation date
September 1988
age
37
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
August 2023
previous names
westbank business park limited (January 2023)
accountant
-
auditor
DNTCA LIMITED
address
c/o park electrical services, 84 dargan road, belfast, BT3 9JU
Bank
DANSKE BANK
Legal Advisor
-
westbank group 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 7 charges/mortgages relating to westbank group limited. Currently there are 3 open charges and 4 have been satisfied in the past.
westbank group 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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westbank group limitedCompanies House Filings - See Documents
