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Western Pacific Trust Company (V:WP)

Business Focus: Investment Management

Sector:  Financials Industry:  Investment Management & Fund Operators
 
Company Contact
Address: 920 -789 West Pender Street
VANCOUVER BC V6C 1H2
Tel: N/A
Website: https://www.westernpacifictrust.com
IR: See website
Key People
Alison Alfer
President, Chief Executive Officer, Director
Steven O. Youngman
Deputy Chairman of the Board
Sharon Lee
Chief Financial Officer
Business Overview
Western Pacific Trust Company is a Canada-based non-deposit-taking financial company. The Company's services include Self-Administered Plans, Trust Services, Client Consulting Services, Corporate Registrar Services and Collateral Agency Services. The Company operates through the financial services industry segment. The Company also offers self-administered Tax-Free Savings Accounts (TFSA), within which clients can earn tax-free investment income. As part of its trust services, it offers strategic counsel, organizational assistance and consults with clients' legal advisors on the establishment and administration of various forms of trusts. The Company provides a range of Accounting, Administrative and Corporate Secretarial services to select clients on a fee-for-service basis. The Company provides transfer agent and registrar services to unlisted and non-reporting issuer companies. The Company acts as Collateral Agent for clients in the conduct of their bond business.
Financial Overview
For the nine months ended 30 September 2023, Western Pacific Trust Co revenues increased 37% to C$1.5M. Net income applicable to common stockholders increased from C$109K to C$294K. Revenues reflect Interest increase from C$177K to C$541K, Consulting and trust service fee income increase of 10% to C$426K, Self-Administered Plan fee income increase of less than 1% to C$518K.
Reporting Currency: Canadian Dollars
Enterprise value: $3.72M as of Sep 30, 2023
Annual revenue (TTM): $1.93M as of Sep 30, 2023
EBITDA (TTM): $0.75M as of Sep 30, 2023
Net annual income (TTM): $0.76M as of Sep 30, 2023
Free cash flow (TTM): $0.60M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,293,558 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization