wheatley homes south limited
wheatley homes south limited Company Information
Company Number
SC220297
Next Accounts
Dec 2025
Shareholders
-
Group Structure
View All
Industry
Renting and operating of Housing Association real estate
Registered Address
wheatley house, 25 cochrane street, glasgow, G1 1HL
Website
http://dghp.org.ukwheatley homes south limited Estimated Valuation
Pomanda estimates the enterprise value of WHEATLEY HOMES SOUTH LIMITED at £583m based on a Turnover of £62.8m and 9.28x industry multiple (adjusted for size and gross margin).
wheatley homes south limited Estimated Valuation
Pomanda estimates the enterprise value of WHEATLEY HOMES SOUTH LIMITED at £535.7m based on an EBITDA of £33.2m and a 16.12x industry multiple (adjusted for size and gross margin).
wheatley homes south limited Estimated Valuation
Pomanda estimates the enterprise value of WHEATLEY HOMES SOUTH LIMITED at £514.6m based on Net Assets of £287.3m and 1.79x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Wheatley Homes South Limited Overview
Wheatley Homes South Limited is a live company located in glasgow, G1 1HL with a Companies House number of SC220297. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in June 2001, it's largest shareholder is unknown. Wheatley Homes South Limited is a mature, large sized company, Pomanda has estimated its turnover at £62.8m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Wheatley Homes South Limited Health Check
Pomanda's financial health check has awarded Wheatley Homes South Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £62.8m, make it larger than the average company (£1.5m)
£62.8m - Wheatley Homes South Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.2%)
9% - Wheatley Homes South Limited
5.2% - Industry AVG
Production
with a gross margin of 61.9%, this company has a comparable cost of product (61.9%)
61.9% - Wheatley Homes South Limited
61.9% - Industry AVG
Profitability
an operating margin of 33.3% make it more profitable than the average company (14.5%)
33.3% - Wheatley Homes South Limited
14.5% - Industry AVG
Employees
with 292 employees, this is above the industry average (8)
292 - Wheatley Homes South Limited
8 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has a higher pay structure (£35k)
£46.3k - Wheatley Homes South Limited
£35k - Industry AVG
Efficiency
resulting in sales per employee of £215.2k, this is more efficient (£160.7k)
£215.2k - Wheatley Homes South Limited
£160.7k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (17 days)
10 days - Wheatley Homes South Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is close to average (37 days)
35 days - Wheatley Homes South Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (145 days)
13 days - Wheatley Homes South Limited
145 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (22 weeks)
9 weeks - Wheatley Homes South Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.7%, this is a lower level of debt than the average (71.4%)
41.7% - Wheatley Homes South Limited
71.4% - Industry AVG
WHEATLEY HOMES SOUTH LIMITED financials
Wheatley Homes South Limited's latest turnover from March 2024 is £62.8 million and the company has net assets of £287.3 million. According to their latest financial statements, Wheatley Homes South Limited has 292 employees and maintains cash reserves of £5.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 62,825,000 | 55,881,000 | 54,909,000 | 48,692,000 | 48,495,000 | 49,801,000 | 46,041,000 | 44,050,000 | 44,062,000 | 38,866,000 | 36,830,000 | 34,187,000 | 31,118,000 | 28,525,000 | 29,430,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 20,919,000 | 14,173,000 | 20,713,000 | 18,569,000 | 6,021,000 | 20,689,000 | 12,520,000 | 12,636,000 | 11,493,000 | 10,114,000 | 9,499,000 | 5,968,000 | 6,000,000 | 6,098,000 | -2,263,000 |
| Interest Payable | 6,525,000 | 5,359,000 | 6,147,000 | 6,125,000 | 12,587,000 | 6,377,000 | 7,413,000 | 7,190,000 | 7,024,000 | 7,078,000 | 7,298,000 | 6,955,000 | 6,369,000 | 4,911,000 | 3,747,000 |
| Interest Receivable | 240,000 | 74,000 | 130,000 | 138,000 | 364,000 | 333,000 | 194,000 | 190,000 | 92,000 | 35,000 | 477,000 | 259,000 | 549,000 | 399,000 | 249,000 |
| Pre-Tax Profit | 14,996,000 | 8,844,000 | 14,510,000 | 12,589,000 | -6,258,000 | 14,650,000 | 6,071,000 | 5,946,000 | 4,766,000 | 2,725,000 | 2,224,000 | -1,506,000 | -332,000 | 686,000 | -6,160,000 |
| Tax | -17,000 | 25,000 | -25,000 | -30,000 | -35,000 | -26,000 | -55,000 | -57,000 | -45,000 | -3,000 | -1,000 | ||||
| Profit After Tax | 14,996,000 | 8,844,000 | 14,510,000 | 12,572,000 | -6,233,000 | 14,625,000 | 6,041,000 | 5,911,000 | 4,740,000 | 2,670,000 | 2,167,000 | -1,551,000 | -335,000 | 685,000 | -6,160,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 14,996,000 | 8,844,000 | 14,510,000 | 12,572,000 | -6,233,000 | 14,625,000 | 6,041,000 | 5,911,000 | 4,740,000 | 2,670,000 | 2,167,000 | -1,551,000 | -335,000 | 685,000 | -6,160,000 |
| Employee Costs | 13,528,000 | 12,572,000 | 14,022,000 | 13,508,000 | 9,232,000 | 7,965,000 | 7,621,000 | 8,376,000 | 8,443,000 | 8,101,000 | 7,810,000 | 7,153,000 | 7,156,000 | 6,622,000 | 6,620,000 |
| Number Of Employees | 292 | 292 | 325 | 300 | 216 | 190 | 187 | 202 | 222 | 218 | 216 | 208 | 201 | 191 | 178 |
| EBITDA* | 33,238,000 | 25,674,000 | 31,398,000 | 18,920,000 | 6,311,000 | 28,369,000 | 19,761,000 | 19,541,000 | 18,250,000 | 16,035,000 | 15,379,000 | 11,948,000 | 11,349,000 | 10,413,000 | -1,554,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 467,304,000 | 424,962,000 | 411,830,000 | 407,725,000 | 366,507,000 | 667,000 | 211,760,000 | 208,563,000 | 202,471,000 | 202,923,000 | 142,347,000 | 132,490,000 | 123,519,000 | 111,569,000 | 35,605,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 11,582,000 | 12,154,000 | 12,940,000 | 11,599,000 | 8,501,000 | 363,812,000 | 595,000 | 595,000 | 626,000 | 626,000 | |||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 478,886,000 | 437,116,000 | 424,770,000 | 419,324,000 | 375,008,000 | 364,479,000 | 212,355,000 | 209,158,000 | 203,097,000 | 203,549,000 | 142,347,000 | 132,490,000 | 123,519,000 | 111,569,000 | 35,605,000 |
| Stock & work in progress | 897,000 | 954,000 | 695,000 | 1,414,000 | 272,000 | 2,226,000 | 2,776,000 | 5,738,000 | 5,831,000 | 7,817,000 | 1,504,000 | 1,299,000 | 870,000 | 903,000 | |
| Trade Debtors | 1,831,000 | 2,092,000 | 8,765,000 | 1,549,000 | 1,630,000 | 1,203,000 | 1,203,000 | 1,190,000 | 1,265,000 | 1,145,000 | 488,000 | 498,000 | 571,000 | 596,000 | 537,000 |
| Group Debtors | 252,000 | 68,000 | 679,000 | ||||||||||||
| Misc Debtors | 5,986,000 | 6,559,000 | 1,450,000 | 2,048,000 | 1,315,000 | 2,486,000 | 3,126,000 | 2,491,000 | 1,859,000 | 3,438,000 | 3,070,000 | 3,733,000 | 1,970,000 | 5,135,000 | |
| Cash | 5,150,000 | 3,405,000 | 42,534,000 | 70,443,000 | 65,002,000 | 54,951,000 | 10,493,000 | 32,635,000 | 24,037,000 | 5,888,000 | 5,447,000 | 12,753,000 | 41,609,000 | 601,000 | 974,000 |
| misc current assets | 31,598,000 | ||||||||||||||
| total current assets | 14,116,000 | 13,078,000 | 51,994,000 | 74,856,000 | 69,631,000 | 59,695,000 | 48,556,000 | 42,689,000 | 33,624,000 | 16,709,000 | 10,877,000 | 17,620,000 | 46,783,000 | 4,070,000 | 6,646,000 |
| total assets | 493,002,000 | 450,194,000 | 476,764,000 | 494,180,000 | 444,639,000 | 424,174,000 | 260,911,000 | 251,847,000 | 236,721,000 | 220,258,000 | 153,224,000 | 150,110,000 | 170,302,000 | 115,639,000 | 42,251,000 |
| Bank overdraft | 222,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,353,000 | 967,000 | 10,047,000 | 3,752,000 | 5,831,000 | 2,379,000 | 2,005,000 | 2,310,000 | 2,681,000 | 2,924,000 | 2,958,000 | 3,814,000 | 3,880,000 | 3,958,000 | 5,852,000 |
| Group/Directors Accounts | 6,501,000 | 5,022,000 | 3,487,000 | 573,000 | 224,000 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 20,288,000 | 15,496,000 | 8,127,000 | 9,998,000 | 6,283,000 | 6,471,000 | 4,539,000 | 8,404,000 | 8,593,000 | 8,729,000 | 7,617,000 | 5,909,000 | 4,492,000 | 4,103,000 | 2,872,000 |
| total current liabilities | 29,142,000 | 21,485,000 | 21,661,000 | 14,545,000 | 12,338,000 | 8,850,000 | 6,544,000 | 10,714,000 | 11,274,000 | 11,653,000 | 10,575,000 | 9,723,000 | 8,372,000 | 8,061,000 | 8,724,000 |
| loans | 172,385,000 | 162,272,000 | 191,783,000 | 190,802,000 | 188,704,000 | 166,239,000 | 163,234,000 | 157,486,000 | 153,454,000 | 145,505,000 | 142,799,000 | 142,902,000 | 162,902,000 | 108,050,000 | 88,550,000 |
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 3,967,000 | 6,645,000 | 5,540,000 | 7,742,000 | 8,375,000 | 8,103,000 | |||||||||
| other liabilities | 62,130,000 | ||||||||||||||
| provisions | 171,000 | 88,000 | 88,000 | 492,000 | 96,000 | 95,000 | 125,000 | 125,000 | 130,000 | 130,000 | 2,000 | 1,000 | 2,000 | 1,000 | |
| total long term liabilities | 176,523,000 | 169,005,000 | 197,411,000 | 202,361,000 | 199,940,000 | 178,180,000 | 165,564,000 | 163,763,000 | 157,142,000 | 212,133,000 | 145,282,000 | 144,977,000 | 164,297,000 | 108,419,000 | 90,413,000 |
| total liabilities | 205,665,000 | 190,490,000 | 219,072,000 | 216,906,000 | 212,278,000 | 187,030,000 | 172,108,000 | 174,477,000 | 168,416,000 | 223,786,000 | 155,857,000 | 154,700,000 | 172,669,000 | 116,480,000 | 99,137,000 |
| net assets | 287,337,000 | 259,704,000 | 257,692,000 | 277,274,000 | 232,361,000 | 237,144,000 | 88,803,000 | 77,370,000 | 68,305,000 | -3,528,000 | -2,633,000 | -4,590,000 | -2,367,000 | -841,000 | -56,886,000 |
| total shareholders funds | 287,337,000 | 259,704,000 | 257,692,000 | 277,274,000 | 232,361,000 | 237,144,000 | 88,803,000 | 77,370,000 | 68,305,000 | -3,528,000 | -2,633,000 | -4,590,000 | -2,367,000 | -841,000 | -56,886,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 20,919,000 | 14,173,000 | 20,713,000 | 18,569,000 | 6,021,000 | 20,689,000 | 12,520,000 | 12,636,000 | 11,493,000 | 10,114,000 | 9,499,000 | 5,968,000 | 6,000,000 | 6,098,000 | -2,263,000 |
| Depreciation | 12,319,000 | 11,501,000 | 10,685,000 | 351,000 | 290,000 | 109,000 | 7,241,000 | 6,905,000 | 6,757,000 | 5,921,000 | 5,880,000 | 5,980,000 | 5,349,000 | 4,315,000 | 709,000 |
| Amortisation | 7,571,000 | ||||||||||||||
| Tax | -17,000 | 25,000 | -25,000 | -30,000 | -35,000 | -26,000 | -55,000 | -57,000 | -45,000 | -3,000 | -1,000 | ||||
| Stock | -57,000 | 259,000 | -719,000 | 1,142,000 | -1,954,000 | -550,000 | -2,962,000 | -93,000 | -1,986,000 | 6,313,000 | 205,000 | 429,000 | -33,000 | 903,000 | |
| Debtors | -650,000 | -46,000 | 5,766,000 | -1,358,000 | 1,839,000 | -1,171,000 | -627,000 | 560,000 | 752,000 | -922,000 | 358,000 | -736,000 | 1,738,000 | -3,106,000 | 5,672,000 |
| Creditors | 1,386,000 | -9,080,000 | 6,295,000 | -2,079,000 | 3,452,000 | 374,000 | -305,000 | -371,000 | -243,000 | -34,000 | -856,000 | -66,000 | -78,000 | -1,894,000 | 5,852,000 |
| Accruals and Deferred Income | 2,114,000 | 8,474,000 | -4,073,000 | 3,082,000 | 84,000 | 10,035,000 | -3,865,000 | -189,000 | -136,000 | 1,112,000 | 1,708,000 | 1,417,000 | 389,000 | 1,231,000 | 2,872,000 |
| Deferred Taxes & Provisions | 83,000 | -404,000 | 396,000 | 1,000 | -30,000 | -5,000 | 128,000 | 1,000 | -1,000 | 1,000 | 1,000 | ||||
| Cash flow from operations | 37,528,000 | 24,855,000 | 28,169,000 | 20,518,000 | 9,988,000 | 40,444,000 | 19,150,000 | 18,474,000 | 19,079,000 | 11,795,000 | 15,612,000 | 13,560,000 | 9,953,000 | 11,953,000 | 1,498,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -14,742,000 | -8,592,000 | -7,464,000 | -7,437,000 | -5,342,000 | -16,192,000 | -15,779,000 | -17,822,000 | -26,712,000 | -4,691,000 | |||||
| Change in Investments | -572,000 | -786,000 | 1,341,000 | 3,098,000 | -355,311,000 | 363,217,000 | -31,000 | 626,000 | |||||||
| cash flow from investments | 572,000 | 786,000 | -1,341,000 | -3,098,000 | 355,311,000 | -377,959,000 | -8,592,000 | -7,433,000 | -7,437,000 | -5,968,000 | -16,192,000 | -15,779,000 | -17,822,000 | -26,712,000 | -4,691,000 |
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,479,000 | 1,535,000 | 2,914,000 | 349,000 | 224,000 | ||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 10,113,000 | -29,511,000 | 981,000 | 2,098,000 | 22,465,000 | 3,005,000 | 5,748,000 | 4,032,000 | 7,949,000 | 2,706,000 | -103,000 | -20,000,000 | 54,852,000 | 19,500,000 | 88,550,000 |
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -62,130,000 | 62,130,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | -6,285,000 | -5,285,000 | -6,017,000 | -5,987,000 | -12,223,000 | -6,044,000 | -7,219,000 | -7,000,000 | -6,932,000 | -7,043,000 | -6,821,000 | -6,696,000 | -5,820,000 | -4,512,000 | -3,498,000 |
| cash flow from financing | 17,944,000 | -40,093,000 | -36,214,000 | 28,801,000 | 11,916,000 | 130,677,000 | 3,921,000 | 186,000 | 5,980,000 | 54,228,000 | -7,134,000 | -27,368,000 | 47,841,000 | 70,348,000 | 34,326,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,745,000 | -39,129,000 | -27,909,000 | 5,441,000 | 10,051,000 | 44,458,000 | -22,142,000 | 8,598,000 | 18,149,000 | 441,000 | -7,306,000 | -28,856,000 | 41,008,000 | -373,000 | 974,000 |
| overdraft | -222,000 | 222,000 | |||||||||||||
| change in cash | 1,745,000 | -39,129,000 | -27,687,000 | 5,219,000 | 10,051,000 | 44,458,000 | -22,142,000 | 8,598,000 | 18,149,000 | 441,000 | -7,306,000 | -28,856,000 | 41,008,000 | -373,000 | 974,000 |
wheatley homes south limited Credit Report and Business Information
Wheatley Homes South Limited Competitor Analysis
Perform a competitor analysis for wheatley homes south limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in G 1 area or any other competitors across 12 key performance metrics.
wheatley homes south limited Ownership
WHEATLEY HOMES SOUTH LIMITED group structure
Wheatley Homes South Limited has 1 subsidiary company.
Ultimate parent company
1 parent
WHEATLEY HOMES SOUTH LIMITED
SC220297
1 subsidiary
wheatley homes south limited directors
Wheatley Homes South Limited currently has 8 directors. The longest serving directors include Mr Michael Greaves - Mackintosh (Sep 2017) and Mr John Henderson (Sep 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Greaves - Mackintosh | Scotland | 33 years | Sep 2017 | - | Director |
| Mr John Henderson | Scotland | 75 years | Sep 2018 | - | Director |
| Mr John McCraw | Scotland | 77 years | Sep 2019 | - | Director |
| Mr Hugh Martin | Scotland | 60 years | Mar 2022 | - | Director |
| Ms Josephine Boaden | United Kingdom | 68 years | Sep 2022 | - | Director |
| Ms Karen Hunter | Scotland | 56 years | Mar 2023 | - | Director |
| Mr Garry Legg | Scotland | 43 years | Sep 2023 | - | Director |
| Mr Martin Dorby | Scotland | 64 years | May 2024 | - | Director |
P&L
March 2024turnover
62.8m
+12%
operating profit
20.9m
+48%
gross margin
61.9%
-0.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
287.3m
+0.11%
total assets
493m
+0.1%
cash
5.2m
+0.51%
net assets
Total assets minus all liabilities
wheatley homes south limited company details
company number
SC220297
Type
Private Ltd By Guarantee w/o Share Cap
industry
68201 - Renting and operating of Housing Association real estate
incorporation date
June 2001
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
dumfries and galloway housing partnership limited (September 2022)
accountant
-
auditor
KPMG LLP
address
wheatley house, 25 cochrane street, glasgow, G1 1HL
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
wheatley homes south 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 28 charges/mortgages relating to wheatley homes south limited. Currently there are 21 open charges and 7 have been satisfied in the past.
wheatley homes south 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 WHEATLEY HOMES SOUTH LIMITED. This can take several minutes, an email will notify you when this has completed.
wheatley homes south limited Companies House Filings - See Documents
| date | description | view/download |
|---|
