ACCOUNTS - Final Accounts
ACCOUNTS - Final Accounts
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FOR THE YEAR ENDED 31 DECEMBER 2021
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WESTERN GLOBAL LIMITED
COMPANY INFORMATION
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WESTERN GLOBAL LIMITED
CONTENTS
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WESTERN GLOBAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The principal activity of the Company during the year was the supply of liquid fuel storage solutions and handling equipment.
Western Global is the leading provider of environmentally secure, transportable, self contained tanks and dispensing equipment for the safe storage and handling of fuels, lubricants and other liquids. The group has in house design, engineering and regulatory teams with the engineering capability to develop standardised products for global markets. Western Global has sales and operating facilities in Europe and North America, with an established network of global distribution partners in other countries.
Western Global supplies products to customers across several sectors including power generation, equipment rental, fuel distribution, government & military, online retailers and resources (mining / oil & gas). The financial Key Performance Indicators (KPIs) used by the Board to monitor progress are revenue growth, gross profit margin, EBITDA, cash flow and environmental impact as they are the best indicators of performance against the Group’s strategic objective of delivering profitable growth which in turn will drive shareholder value.
The results for the period show a 59.5% increase in revenue to £35.0m. Cash balances decreased from £1.7m to £1.4m.
The growth was achieved through sales to our long standing customers and winning new customers in the UK and Europe. There was significant growth in sales to distributors of renewable fuel (HVO and Renewable diesel) that support a reduction in carbon emissions of up to 85% and improve local air quality. On 22 January 2021, the entire issued share capital of Western Global Holdings Limited, the immediate parent company, was sold, with private equity firm MML Capital Partners acquiring a majority stake The group strategy continues to focus on penetrating existing core markets with standardised product solutions. Western has long standing relationships with our customers, and the business will further develop these through customer service, regulatory knowledge and product development. As the business develops further opportunities into 2022, it will continue to focus on the following drivers of its long term sustainable growth: • Focused sales on core markets • Product rationalisation and global regulatory approvals • Development of next generation fuel storage solutions including HVO and Renewable diesel • Supply chain diversification • Lean management structure
The Company’s existing and potential customers operate in numerous countries and across numerous sectors, each of which has its own national characteristics relating to how business is regulated and conducted in terms of economic, political, judicial, administrative, taxation or other regulatory matters.
The Company could therefore be affected by any one of these factors. However, the diversification of the Company means that no customers in isolation would have a material adverse effect on the business, operating results or financial condition. The Company continues to monitor potential risks associated with the impact of Covid-19 through a strategy of ensuring employee safety; developing sales opportunities; maximising operational robustness and creating financial security. |
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WESTERN GLOBAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
The Company recognises that employees are the Company’s key asset. The business promotes the desired behaviours through our values and policies (including equality, diversity & inclusiveness, learning & development, modern slavery), supported by our leadership and global HR team.
The Directors would like to thank all employees for their efforts throughout 2021.
The Company’s financial instruments comprise cash and cash equivalents, borrowings and items such as trade payables and trade receivables which arise directly from its operations. The main purpose of these financial instruments is to provide finance for the Company’s operations.
This report was approved by the board on 27 September 2022 and signed on its behalf.
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WESTERN GLOBAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The directors present their report and the financial statements for the year ended 31 December 2021.
The profit for the year, after taxation, amounted to £799,443 (2020: £498,489).
During the year dividends of £Nil were paid (2020: £Nil).
The directors who served during the year were:
The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 requires a Strategic report to be prepared. Where mandatory disclosures in the Directors' Report are considered by the directors to be of strategic importance, these have been included within the Strategic Report rather than the Directors' Report.
After the year end, in January 2022, the group re-financed and entered into additional borrowings totaling £30,000,000 with their bank, at the same time repaying £28,900,000 of loan notes, including those issued to MML Capital Europe VII S.A.R.L.
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WESTERN GLOBAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
This report was approved by the board and signed on its behalf.
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WESTERN GLOBAL LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2021
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' Reports may differ from legislation in other jurisdictions.
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WESTERN GLOBAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTERN GLOBAL LIMITED
We have audited the financial statements of Western Global Limited (the 'Company') for the year ended 31 December 2021, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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WESTERN GLOBAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTERN GLOBAL LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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WESTERN GLOBAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTERN GLOBAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Identifying and assessing potential risks related to irregularities
The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
∙We have considered the nature of the industry and sector, control environment and business performance including the design of the Company’s bonuses.
∙We have considered the results of our enquiries of management, including the Chief Financial Officer, about their own identification and assessment of the risk of irregularities.
∙For any matters identified we have obtained and reviewed the Company’s documentation of their policies and procedures relating to:
°Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
°Detecting and responding to the risk of fraud and whether they have knowledge of actual, suspected, or alleged fraud; and,
°The internal controls established to mitigate the risks of fraud or non-compliance with laws and regulations.
∙We have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud, and incorrect recognition of revenue was identified as the greatest potential area for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company’s ability to operate or to avoid a material penalty. These included: • Data protection; • Health and safety; • Employment legislation; • Anti-bribery and corruption; • Quality management systems ISO 9001, 14001, 45001. Audit response to risks identified |
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WESTERN GLOBAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTERN GLOBAL LIMITED (CONTINUED)
We identified recognition of revenue as a key audit matter related to the potential risk of fraud, our procedures to respond to risks identified included the following:
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
∙Enquiring of management concerning actual and potential litigation claims;
∙Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement or fraud; and
∙In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation. Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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WESTERN GLOBAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTERN GLOBAL LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
10 Temple Back
BS1 6FL
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WESTERN GLOBAL LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2021
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WESTERN GLOBAL LIMITED
REGISTERED NUMBER:05425318
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on form part of these financial statements.
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WESTERN GLOBAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Western Global Limited is a limited liability company incorporated in the United Kingdom. The registered office is Western House, Broad Lane, Yate, Bristol, BS37 7LD.
2.ACCOUNTING POLICIES
The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions under FRS 101:
∙the requirements of IFRS 7 Financial Instruments: Disclosures
∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
- paragraph 73(e) of IAS 16 Property, Plant and Equipment;
- paragraph 118(e) of IAS 38 Intangible Assets;
∙the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
∙the requirements of IAS 7 Statement of Cash Flows
∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
This information is included in the consolidated financial statements of Western Global Group Limited as at 31 December 2021 and these financial statements may be obtained from Companies House.
The financial statements have been prepared on a going concern basis which assumes that the group will continue in existence for the foreseeable future. The Directors have assessed the ability of the group headed by Western Global Group Limited (the Group) and the Company to continue as a going concern and believe that the preparation of these financial statements on a going concern basis is still appropriate.
The Group’s result for the period is a net loss of £8,660k, primarily as a result of finance charges associated with shareholder debt, which is not due for repayment for more than 5 years from the balance sheet date. The Group has achieved adjusted earnings before interest, tax, depreciation, amortisation (EBITDA) and exceptional items of £14,025k and generated a positive operating cash flow of £5,987k. The Group’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group can operate within the level of its current financing, taking into consideration the refinancing that took place after the reporting date. |
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.ACCOUNTING POLICIES (continued)
A lease liability is recognised at the commencement date of a lease. The lease liability is initially recognised at the present value of the lease payments to be made over the term of the lease, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate. Lease payments comprise of fixed payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, amounts expected to be paid under residual value guarantees, exercise price of a purchase option when the exercise of the option is reasonably certain to occur, and any anticipated termination penalties. The variable lease payments that do not depend on an index or a rate are expensed in the period in which they are incurred.
Lease liabilities are measured at amortised cost using the effective interest method. The carrying amounts are remeasured if there is a change in the following: future lease payments arising from a change in an index or a rate used; residual guarantee; lease term; certainty of a purchase option and termination penalties. When a lease liability is remeasured, an adjustment is made to the corresponding right-of use asset, or to profit or loss if the carrying amount of the right-of-use asset is fully written down. Management carry out annual impairment reviews to assess the value of the asset in use, any impairment required is charged immediately to the statement of comprehensive income. |
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.ACCOUNTING POLICIES (continued)
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
A right-of-use asset is recognised at the commencement date of a lease. The right-of-use asset is measured at cost, which comprises the initial amount of the lease liability, adjusted for, as applicable, any lease payments made at or before the commencement date net of any lease incentives received, any initial direct costs incurred, and, except where included in the cost of inventories, an estimate of costs expected to be incurred for dismantling and removing the underlying asset, and restoring the site or asset.
Right-of-use assets are depreciated on a straight-line basis over the unexpired period of the lease or the estimated useful life of the asset, whichever is the shorter. Where the company expects to obtain ownership of the leased asset at the end of the lease term, the depreciation is over its estimated useful life. Right-of use assets are subject to impairment or adjusted for any remeasurement of lease liabilities. The company has elected not to recognise a right-of-use asset and corresponding lease liability for short-term leases with terms of 12 months or less and leases of low-value assets. Lease payments on these assets are expensed to profit or loss as incurred. Depreciation is provided over the life of the lease or the useful economic life of the assets, whichever is shorter. |
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.ACCOUNTING POLICIES (continued)
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.ACCOUNTING POLICIES (continued)
Financial assets and financial liabilities are initially measured at fair value.
Financial assets
All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.
Fair value through profit or loss
Financial liabilities
Fair value through profit or loss
At amortised cost
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.ACCOUNTING POLICIES (continued)
Functional and presentation currency
Transactions and balances
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.ACCOUNTING POLICIES (continued)
Depreciation Within each fixed asset class, management allocates an appropriate depreciation rate for each asset based on their assessment of the assets useful economic life and expected residual value. These vary due to the differing nature of the assets. Goodwill impairment review In confirming the appropriateness of the goodwill carrying value, the directors have performed a full impairment review on a value in use basis. This assessment has included a significant degree of estimation. However, in performing this review the directors have sought to apply a cautious approach when adopting estimates and are confident that no impairment is required. Stock and debtor provisioning The directors continuously monitor the requirement to provide against specific stock items and debtors. In establishing the requirement for a stock provision, thereby ensuring the the stock is valued at the lower of cost and net realisable value, the directors consider the age of the stock, the condition of the stock and the current market for the stock. In establishing the requirement for a debtor provision the directors consider the age of the outstanding balance, the historic payment approach of the customer and any other market conditions that may impact of the Company's ability to recover the fall outstanding balance. |
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The whole of the turnover is attributable to the principal activity of the Company.
Analysis of turnover by country of destination:
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
8.TAXATION (CONTINUED)
There are no known factors expected to materially impact future tax charges.
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10.TANGIBLE FIXED ASSETS (CONTINUED)
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Share premium account
Capital redemption reserve
Profit and loss account
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WESTERN GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The assets of the company are covered by a debenture and cross-guarantee in relation to bank loans entered into by group undertakings in favour of HSBC Corporate Trustee Company (UK) Limited as security agent.
The assets of the company are covered by a debenture and cross-guarantee in relation to other loans entered into by group undertakings in favour of MML UK Advisor LLP as security agent.
The immediate parent company is Western Global Holdings Limited, a company incorporated in the United Kingdom and registered in England in Wales.
The company that prepares the smallest consolidated financial statements that include the results and balances of Western Global Limited is Western Global Solutions Limited. The consolidated financial statements are available to the public and may be obtained from Western House, Broad Lane, Yate, Bristol, BS37 7LD. The ultimate parent company is Western Global Group Limited, a company incorporated in the United Kingdom and registered in England and Wales. Western Global Group Limited prepares the largest consolidated financial statements that include the results and balances of Western Global Holdings Limited. The consolidated financial statements are available to the public and may be obtained from Western House, Broad Lane, Yate, Bristol, BS37 7LD. The majority of Western Global Group Limited's share capital is owned by MML Capital Europe VII Equity III S.A.; a private equity fund based in Luxembourg. There is no ultimate controlling party. |
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