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Western Pacific Trust Company (V:WP)

Business Focus: Investment Management

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEDAR
Company Contact
Address: 789 Pender St W Suite 920
Tel: N/A
IR: See website
Key People
J. Cowan McKinney
Independent Chairman of the Board
Steven O. Youngman
Deputy Chairman of the Board
Alison Alfer
President, Chief Executive Officer, Director
Business Overview
Western Pacific Trust Company (WPTC) is a Canada-based non-deposit taking financial company. The Company's services include self-administered plans, trust services, client consulting services and transfer agency services. The Company operates through the financial services industry segment. WPTC offers self-administered tax-free savings accounts (TFSA), within which clients can earn tax-free investment income. As part of its trust services, WPTC offers strategic counsel, organizational assistance and consults with clients' legal advisors in 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. Its services are provided through its subsidiary, WP Private Equity Transfers Inc. (WPPET).
Financial Overview
For the fiscal year ended 31 December 2019, Western Pacific Trust Co revenues increased 16% to C$1.1M. Net income applicable to common stockholders totaled C$80K vs. loss of C$28K. Revenues reflect Self-Administered Plan fee income increase of 15% to C$859K, Interest increase of 18% to C$175K, Consulting and trust service fee income increase of 22% to C$53K. Net Income reflects Share-based payments decrease of 31% to C$4K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $3.09M as of Dec 31, 2019
Annual revenue (TTM): $1.09M as of Dec 31, 2019
EBITDA (TTM): $0.18M as of Dec 31, 2019
Net annual income (TTM): $0.08M as of Dec 31, 2019
Free cash flow (TTM): $0.15M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 25,018,558 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization