Weg (UK) Ltd in Redditch, B98 8YP

Description

Data updated on: 01-11-2023

Weg (UK) started its business in 1996 as a Private Limited Company under the ID 03283255. This firm has been operating for twenty eight years and the present status is active. The firm's head office is situated in Redditch at Lakeside Point. Anyone can also find the firm using the area code, B98 8YP. Despite the fact, that currently it is operating under the name of Weg (UK) Ltd, it was not always so. The company was known under the name Breamco 141 until 11th December 1996, at which point the company name got changed to Weg Electric Motors (UK). The last switch occurred on 6th January 2015. This firm's Standard Industrial Classification Code is 46690 and their NACE code stands for Wholesale of other machinery and equipment. 2022-12-31 is the last time when company accounts were filed.

The information we have describing the following enterprise's executives suggests there are four directors: Elder S., Andre R., Wilson W. and Patrick O. who became the part of the company on 31st January 2022, 1st April 2015 and 27th January 2010. Moreover, the director's duties are helped with by a secretary - Patrick O., who was officially appointed by this business in 2007.

Previous company's names
Weg (UK) Ltd 2015-01-06
Weg Electric Motors (UK) Limited 1996-12-11
Breamco 141 Limited 1996-11-25

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31
Currency

Balance Sheet
Cash Bank On Hand	43 059	284 147	214 253	369 194	258 909	808 545
Current Assets	17 868 457	15 831 687	15 620 430	17 111 068	29 515 350	31 364 339
Debtors	10 975 594	9 466 731	9 787 436	9 939 415	16 371 377	18 291 544
Net Assets Liabilities	4 747 612	4 704 569	4 913 884	6 011 994	7 251 577	8 132 431
Other Debtors	1 150	2 214	1 230	36 232	50 031
Property Plant Equipment	26 804	1 690 370	1 197 095	53 726	87 590	74 243
Total Inventories	6 849 804	6 080 809	5 618 741	6 802 459	12 885 064	12 264 250

Other Financial Data
Audit Fees Expenses	15 405	15 725	15 930	16 025	16 890	17 900
Fees For Non-audit Services					13 690	13 390
Accrued Liabilities Deferred Income	881 442	767 960	666 309	1 222 978	585 220	839 364
Accumulated Amortisation Impairment Intangible Assets				411	2 295	4 711
Accumulated Depreciation Impairment Property Plant Equipment	347 783	915 966	1 431 860	449 552	489 731	529 675
Additions Other Than Through Business Combinations Property Plant Equipment		2 231 749	89 199	183 133	76 145	26 597
Administrative Expenses	4 338 719	4 400 877	4 369 914	4 504 548	5 490 642	5 848 285
Amortisation Expense Intangible Assets				411	1 884	2 416
Amounts Owed By Group Undertakings		191 728	1 327 542		8 794	43 463
Amounts Owed By Group Undertakings Participating Interests	9 150	17 440	39 022	12 207	8 794
Amounts Owed To Group Undertakings Participating Interests	946 477	1 267 303	945 524	1 482 989	3 281 335	5 993 203
Applicable Tax Rate	19	19	19	19	19	24
Average Number Employees During Period	53	53	55	54	56	61
Bank Borrowings					17 778 940	14 070 879
Bank Borrowings Overdrafts	10 917 302	8 570 513	8 570 513	7 960 604	17 778 940	14 070 879
Carrying Amount Property Plant Equipment With Restricted Title		1 579 883	1 116 544	751 360
Corporation Tax Payable						35 431
Cost Inventories Recognised As Expense Net Write Downs Reversals	28 927 412	26 364 160	24 578 267		33 741 642	36 230 556
Cost Sales	30 276 111	27 787 937	25 668 403	25 221 331	34 518 468	36 682 210
Creditors	13 147 649	11 563 404	11 187 688	11 653 297	22 552 828	23 806 359
Current Tax For Period				574	366 941	436 519
Depreciation Expense Property Plant Equipment	17 596	29 924	36 059	35 786	42 281	39 944
Exceptional Items Free-text Comment	132 069	21 338	77 425
Finance Lease Liabilities Present Value Total		535 302	509 117	511 411	189 215	788 440
Finished Goods Goods For Resale	6 849 804	6 080 809	5 618 741	6 802 459	12 885 064	12 264 250
Fixed Assets			1 197 095	811 832	462 044	6 423 695
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities		11 928	11 928	11 928
Further Item Interest Expense Component Total Interest Expense	216 342	188 663	158 746	81 007	160 287	567 848
Further Operating Expense Item Component Total Operating Expenses					495 877	-26 557
Future Minimum Lease Payments Under Non-cancellable Operating Leases	17 164
Gross Profit Loss	3 906 579	4 558 425	4 737 533	5 695 501	7 269 381	7 876 389
Income Taxes Paid Refund Classified As Operating Activities				-574
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-333 042	241 088	-69 894	154 941
Increase Decrease In Current Tax From Adjustment For Prior Periods						-282
Increase From Amortisation Charge For Year Intangible Assets				411	1 884	2 416
Increase From Depreciation Charge For Year Property Plant Equipment		568 183	582 474	575 142	42 281	39 944
Intangible Assets				6 746	7 370	4 954
Intangible Assets Gross Cost				7 157	9 665	9 665
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		11 928	11 928	11 928	11 928	143 389
Interest Paid Classified As Operating Activities	216 342	188 663	158 746	81 007
Interest Payable Similar Charges Finance Costs	216 342	200 591	170 674	92 935	172 215	711 237
Interest Received Classified As Operating Activities	29		2 485	578
Interest Similar Expense Payable	17 996	96 449	35 489	23 732	73 965	216 040
Issue Equity Instruments	3 423 000
Key Management Personnel Compensation Total	112 500	143 098	130 372	135 555	158 337	172 587
Loans From Group Undertakings	10 917 302	8 570 513	8 570 513	7 960 604	17 778 940
Net Cash Flows From Used In Financing Activities	1 605 290	-2 882 587	-555 560	-974 127
Net Cash Flows From Used In Investing Activities	-18 019	-113 607	-6 123	-190 290
Net Cash Flows From Used In Operating Activities	-1 920 313	3 237 282	491 789	1 319 358
Net Cash Generated From Operations	-1 704 000	3 437 873	659 978	1 412 289
Net Current Assets Liabilities	4 720 808	4 268 283	4 432 742	5 457 771	6 962 522	7 557 980
Nominal Value Allotted Share Capital	6 245 321	6 245 321	6 245 321	6 245 321	6 245 321	6 245 321
Number Shares Issued Fully Paid		6 245 321	6 245 321	6 245 321	6 245 321	6 245 321
Operating Expenses Free-text Comment			77 425	146 561	495 877
Operating Profit Loss	-432 140	157 548	377 504	1 191 041	1 778 739	2 028 104
Other Creditors				1 226
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			66 580	150 705	2 102	9 000
Other Disposals Property Plant Equipment			66 580	150 705	2 102	56 932
Other Interest Receivable Similar Income Finance Income	29		2 485	578		224
Other Operating Income Format1			9 885	88
Other Taxation Social Security Payable	188 726	234 745	117 644	116 617	258 534	1 376 135
Par Value Share		1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities		535 798	555 560	538 390
Pension Other Post-employment Benefit Costs Other Pension Costs	191 695	313 961	271 757	311 239	395 413	463 898
Prepayments Accrued Income	230 541	236 033	222 531	217 907	125 830	276 572
Proceeds From Finance Leases Classified As Financing Activities				174 172
Proceeds From Issuing Shares	3 423 000
Production Average Number Employees	11	12	13	12	13	14
Profit Loss	-648 453	-43 043	209 315	1 098 110	1 239 583	880 854
Profit Loss Attributable To Owners Parent	-648 453	-43 043	209 315	1 098 110	1 239 583	880 854
Profit Loss On Ordinary Activities Before Tax	-648 453	-43 043	209 315	1 098 684	1 606 524	1 317 091
Property Plant Equipment Gross Cost	374 587	2 606 336	2 628 955	2 661 383	577 321	603 918
Purchase Intangible Assets				7 157
Purchase Property Plant Equipment	18 019	113 607	6 123	183 133
Recoverable Value-added Tax	29 242			451 459
Repayments Borrowings Classified As Financing Activities	1 817 710	2 346 789		609 909
Revenue From Sale Goods	34 182 690	32 346 362	30 405 936	30 916 832	41 787 849	44 558 599
Selling Average Number Employees	42	41	42	42	43	47
Social Security Costs	236 304	256 669	272 135	275 300	316 019	339 587
Staff Costs Employee Benefits Expense	2 630 561	2 891 756	2 910 676	2 963 938	3 421 399	3 903 364
Tax Decrease From Utilisation Tax Losses	5	46 403	106 056	279 852
Tax Expense Credit Applicable Tax Rate	-123 206	-8 178	39 770	208 750	305 240	309 516
Tax Increase Decrease From Effect Capital Allowances Depreciation	-530	-13 677	5 386	4 849	-6 355	2 931
Tax Increase Decrease From Effect Expenses Not Deductible For Tax Purposes Other Than Goodwill Amortisation Impairment	55 390	68 258	60 900	66 827	68 056	124 072
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward	68 351
Tax Tax Credit On Profit Or Loss On Ordinary Activities				574	366 941	436 237
Total Additions Including From Business Combinations Intangible Assets				7 157	2 508
Total Assets Less Current Liabilities	4 747 612	5 958 653	5 629 837	6 269 603	7 424 566	13 981 675
Total Current Tax Expense Credit				574	366 941	436 237
Total Operating Lease Payments	171 421	73 079	21 356	29 517	28 205	32 168
Trade Creditors Trade Payables	195 706	91 132	343 092	333 740	385 619	486 867
Trade Debtors Trade Receivables	10 705 511	9 019 316	8 197 111	9 221 610	16 186 722	17 971 509
Turnover Revenue	34 182 690	32 346 362	30 405 936	30 916 832	41 787 849	44 558 599
Wages Salaries	2 202 562	2 321 126	2 366 784	2 377 399	2 709 967	3 099 879
Company Contributions To Money Purchase Plans Directors	18 222	44 622	34 266	37 956	40 755	57 924
Director Remuneration	94 278	98 476	96 106	97 599	117 582	114 663
Director Remuneration Benefits Including Payments To Third Parties	112 500	143 098	130 372	135 555	158 337	172 587
Number Directors Accruing Benefits Under Money Purchase Scheme	1	1	1	1	1	1