ibstock brick limited

ibstock brick limited Company Information

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Company Number

00063230

Industry

Manufacture of bricks, tiles and construction products, in baked clay

 

Shareholders

ibstock brick holding company limited

Group Structure

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Contact

Registered Address

leicester road, ibstock, leicestershire, LE67 6HS

ibstock brick limited Estimated Valuation

£314.7m

Pomanda estimates the enterprise value of IBSTOCK BRICK LIMITED at £314.7m based on a Turnover of £286.6m and 1.1x industry multiple (adjusted for size and gross margin).

ibstock brick limited Estimated Valuation

£403.7m

Pomanda estimates the enterprise value of IBSTOCK BRICK LIMITED at £403.7m based on an EBITDA of £60.4m and a 6.69x industry multiple (adjusted for size and gross margin).

ibstock brick limited Estimated Valuation

£942.1m

Pomanda estimates the enterprise value of IBSTOCK BRICK LIMITED at £942.1m based on Net Assets of £482.4m and 1.95x industry multiple (adjusted for liquidity).

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Ibstock Brick Limited Overview

Ibstock Brick Limited is a live company located in leicestershire, LE67 6HS with a Companies House number of 00063230. It operates in the manufacture of bricks, tiles and construction products, in baked clay sector, SIC Code 23320. Founded in August 1899, it's largest shareholder is ibstock brick holding company limited with a 100% stake. Ibstock Brick Limited is a mature, mega sized company, Pomanda has estimated its turnover at £286.6m with healthy growth in recent years.

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Ibstock Brick Limited Health Check

Pomanda's financial health check has awarded Ibstock Brick Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £286.6m, make it larger than the average company (£72.9m)

£286.6m - Ibstock Brick Limited

£72.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.8%)

10% - Ibstock Brick Limited

7.8% - Industry AVG

production

Production

with a gross margin of 29.3%, this company has a comparable cost of product (33%)

29.3% - Ibstock Brick Limited

33% - Industry AVG

profitability

Profitability

an operating margin of 16.3% make it as profitable than the average company (14.8%)

16.3% - Ibstock Brick Limited

14.8% - Industry AVG

employees

Employees

with 1368 employees, this is above the industry average (339)

1368 - Ibstock Brick Limited

339 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.1k, the company has a lower pay structure (£48.8k)

£20.1k - Ibstock Brick Limited

£48.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £209.5k, this is equally as efficient (£226.4k)

£209.5k - Ibstock Brick Limited

£226.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is earlier than average (37 days)

22 days - Ibstock Brick Limited

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 54 days, this is slower than average (38 days)

54 days - Ibstock Brick Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 156 days, this is more than average (115 days)

156 days - Ibstock Brick Limited

115 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)

2 weeks - Ibstock Brick Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44.4%, this is a similar level of debt than the average (43.4%)

44.4% - Ibstock Brick Limited

43.4% - Industry AVG

IBSTOCK BRICK LIMITED financials

EXPORTms excel logo

Ibstock Brick Limited's latest turnover from December 2023 is £286.6 million and the company has net assets of £482.4 million. According to their latest financial statements, Ibstock Brick Limited has 1,368 employees and maintains cash reserves of £14.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover286,618,000365,022,000280,235,000213,202,000300,465,000292,242,000265,358,000253,592,000253,343,000223,961,000192,799,000164,022,000162,574,000156,111,000125,386,000
Other Income Or Grants000000000000000
Cost Of Sales202,705,000220,749,000178,868,000189,149,000178,108,000172,873,000153,915,000149,046,000148,067,000155,472,000147,937,000128,713,000115,726,000117,239,00098,968,000
Gross Profit83,913,000144,273,000101,367,00024,053,000122,357,000119,369,000111,443,000104,546,000105,276,00068,489,00044,862,00035,309,00046,848,00038,872,00026,418,000
Admin Expenses37,300,00039,092,00033,973,00024,076,00042,658,00030,373,00037,548,0008,359,00041,892,00043,930,00038,579,00033,495,00032,838,00028,812,00026,141,000
Operating Profit46,613,000105,181,00067,394,000-23,00079,699,00088,996,00073,895,00096,187,00063,384,00024,559,0006,283,0001,814,00014,010,00010,060,000277,000
Interest Payable262,00038,000134,0001,071,00013,873,00014,614,00018,141,00021,103,00019,972,00023,487,00020,230,00020,041,00020,776,00021,486,000270,000
Interest Receivable000015,974,00015,402,00018,543,00021,540,00018,817,00020,565,00024,758,00020,878,00020,646,00018,377,000237,000
Pre-Tax Profit47,062,000106,811,00067,948,000673,00081,800,00089,836,00074,365,00098,706,00061,772,00016,414,00010,751,00010,384,00014,874,0006,803,0004,313,000
Tax-13,307,000-19,135,000-27,436,000-4,941,000-15,899,000-14,371,000-14,429,000-20,160,000-10,629,000-5,245,000-2,054,000-223,000-3,574,0001,465,0001,243,000
Profit After Tax33,755,00087,676,00040,512,000-4,268,00065,901,00075,465,00059,936,00078,546,00051,143,00011,169,0008,697,00010,161,00011,300,0008,268,0005,556,000
Dividends Paid000000000000000
Retained Profit33,755,00087,676,00040,512,000-4,268,00065,901,00075,465,00059,936,00078,546,00051,143,00011,169,0008,697,00010,161,00011,300,0008,268,0005,556,000
Employee Costs27,433,00031,124,00026,665,00037,962,00069,733,00064,580,00059,005,00061,918,00062,516,00057,933,00052,930,00051,361,00051,033,00047,149,00042,762,000
Number Of Employees1,3681,3961,4191,5301,5951,5811,4851,4491,4521,4551,4261,3851,4021,3981,409
EBITDA*60,366,000121,208,00077,213,00010,070,00094,481,000100,578,00082,846,000105,491,00072,370,00034,915,00016,227,00011,848,00024,466,00020,655,00011,400,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets288,332,000249,062,000213,989,000203,606,000198,481,000173,931,000158,577,000141,516,000105,674,000105,586,000118,182,000117,002,000111,450,000118,718,000125,199,000
Intangible Assets5,995,0008,070,0006,402,000001,124,000000000000
Investments & Other85,328,00090,690,000133,250,000119,072,000164,152,000229,607,000194,966,000148,902,000149,233,000148,902,000157,148,000157,148,000157,148,000157,148,000157,148,000
Debtors (Due After 1 year)000000000023,689,00021,793,00017,793,00017,518,00016,535,000
Total Fixed Assets379,655,000347,822,000353,641,000322,678,000362,633,000404,662,000353,543,000290,418,000254,907,000254,488,000299,019,000295,943,000286,391,000293,384,000298,882,000
Stock & work in progress86,640,00065,604,00055,249,00051,800,00068,457,00052,716,00046,375,00049,861,00049,714,00040,432,00037,723,00044,273,00041,167,00040,575,00045,713,000
Trade Debtors17,380,00041,589,00036,101,00036,028,00039,113,00042,629,00031,650,00026,007,00024,807,00025,454,00029,387,00018,472,00019,194,00013,035,00014,158,000
Group Debtors360,476,000347,363,000282,689,000263,834,000238,238,000201,997,000118,723,00070,308,00030,223,0008,378,0000150,000001,454,000
Misc Debtors9,384,0005,722,0004,809,0003,205,0002,704,0003,832,0002,176,0005,361,00012,676,00015,743,0007,822,0007,136,0003,411,0004,086,0005,005,000
Cash14,650,00035,356,00044,303,00011,626,00019,976,00024,937,00030,673,00020,752,00020,115,00040,864,00011,340,00020,762,00012,036,0008,752,0006,791,000
misc current assets0567,00000002,589,000766,0000000000
total current assets488,530,000496,201,000423,151,000366,493,000368,488,000326,111,000232,186,000173,055,000137,535,000130,871,00086,272,00090,793,00075,808,00066,448,00073,121,000
total assets868,185,000844,023,000776,792,000689,171,000731,121,000730,773,000585,729,000463,473,000392,442,000385,359,000385,291,000386,736,000362,199,000359,832,000372,003,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 30,544,00056,008,00033,981,00034,691,00040,376,00039,809,00026,379,00023,957,00017,421,00023,372,00022,297,00018,076,00016,823,00014,579,00010,250,000
Group/Directors Accounts281,657,000268,534,000262,708,000260,537,000248,707,000247,866,000228,008,000200,481,000183,084,000174,814,00000000
other short term finances0074,000000000000000
hp & lease commitments10,00098,0001,012,0001,964,0001,967,000873,000000000000
other current liabilities20,489,00030,695,00037,558,00021,711,00029,746,00031,962,00027,498,00037,443,00037,496,00022,497,00018,293,00015,361,0009,710,00012,226,00010,467,000
total current liabilities332,700,000355,335,000335,333,000318,903,000320,796,000320,510,000281,885,000261,881,000238,001,000220,683,00040,590,00033,437,00026,533,00026,805,00020,717,000
loans0000000000208,489,000220,727,000212,317,000159,628,000180,954,000
hp & lease commitments000000000000000
Accruals and Deferred Income0000000000644,000859,0001,074,0001,289,0001,504,000
other liabilities000000000000000
provisions53,077,00036,627,00041,236,00027,611,00028,001,00024,881,00016,926,0005,268,0005,722,0004,100,0002,963,0002,210,0001,919,00014,085,00015,947,000
total long term liabilities53,077,00036,627,00041,236,00027,611,00028,001,00024,881,00016,926,00019,730,0005,722,00072,999,000241,810,000259,626,000263,372,000246,305,000260,872,000
total liabilities385,777,000391,962,000376,569,000346,514,000348,797,000345,391,000298,811,000281,611,000243,723,000293,682,000282,400,000293,063,000289,905,000273,110,000281,589,000
net assets482,408,000452,061,000400,223,000342,657,000382,324,000385,382,000286,918,000181,862,000148,719,00091,677,000102,891,00093,673,00072,294,00086,722,00090,414,000
total shareholders funds482,408,000452,061,000400,223,000342,657,000382,324,000385,382,000286,918,000181,862,000148,719,00091,677,000102,891,00093,673,00072,294,00086,722,00090,414,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit46,613,000105,181,00067,394,000-23,00079,699,00088,996,00073,895,00096,187,00063,384,00024,559,0006,283,0001,814,00014,010,00010,060,000277,000
Depreciation13,753,00016,027,0009,819,00010,093,00014,782,00011,582,0008,951,0009,304,0008,986,00010,356,0009,944,00010,034,00010,456,00010,595,00011,123,000
Amortisation000000000000000
Tax-13,307,000-19,135,000-27,436,000-4,941,000-15,899,000-14,371,000-14,429,000-20,160,000-10,629,000-5,245,000-2,054,000-223,000-3,574,0001,465,0001,243,000
Stock21,036,00010,355,0003,449,000-16,657,00015,741,0006,341,000-3,486,000147,0009,282,0002,709,000-6,550,0003,106,000592,000-5,138,00045,713,000
Debtors-7,434,00071,075,00020,532,00023,012,00031,597,00095,909,00050,873,00033,970,00018,131,000-11,323,00013,347,0007,153,0005,759,000-2,513,00037,152,000
Creditors-25,464,00022,027,000-710,000-5,685,000567,00013,430,0002,422,0006,536,000-5,951,0001,075,0004,221,0001,253,0002,244,0004,329,00010,250,000
Accruals and Deferred Income-10,206,000-6,863,00015,847,000-8,035,000-2,216,0004,464,000-9,945,000-53,00014,999,0003,560,0002,717,0005,436,000-2,731,0001,544,00011,971,000
Deferred Taxes & Provisions16,450,000-4,609,00013,625,000-390,0003,120,0007,955,00011,658,000-454,0001,622,0001,137,000753,000291,000-12,166,000-1,862,00015,947,000
Cash flow from operations14,237,00031,198,00054,558,000-15,336,00032,715,0009,806,00025,165,00057,243,00044,998,00044,056,00015,067,0008,346,0001,888,00033,782,000-32,054,000
Investing Activities
capital expenditure-50,948,000-52,768,000-26,604,000-15,218,000-38,208,000-28,060,000-26,012,000-45,146,000-9,074,0002,240,000-11,124,000-15,586,000-3,188,000-4,114,000-136,322,000
Change in Investments-5,362,000-42,560,00014,178,000-45,080,000-65,455,00034,641,00046,064,000-331,000331,000-8,246,0000000157,148,000
cash flow from investments-45,586,000-10,208,000-40,782,00029,862,00027,247,000-62,701,000-72,076,000-44,815,000-9,405,00010,486,000-11,124,000-15,586,000-3,188,000-4,114,000-293,470,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts13,123,0005,826,0002,171,00011,830,000841,00019,858,00027,527,00017,397,0008,270,000174,814,00000000
Other Short Term Loans 0-74,00074,000000000000000
Long term loans000000000-208,489,000-12,238,0008,410,00052,689,000-21,326,000180,954,000
Hire Purchase and Lease Commitments-88,000-914,000-952,000-3,0001,094,000873,000000000000
other long term liabilities000000000000000
share issue-3,408,000-35,838,00017,054,000-35,399,000-68,959,00022,999,00045,120,000-45,403,0005,899,000-22,383,000521,00011,218,000-25,728,000-11,960,00084,858,000
interest-262,000-38,000-134,000-1,071,0002,101,000788,000402,000437,000-1,155,000-2,922,0004,528,000837,000-130,000-3,109,000-33,000
cash flow from financing9,365,000-31,038,00018,213,000-24,643,000-64,923,00044,518,00073,049,000-27,569,00013,014,000-58,980,000-7,189,00020,465,00026,831,000-36,395,000265,779,000
cash and cash equivalents
cash-20,706,000-8,947,00032,677,000-8,350,000-4,961,000-5,736,0009,921,000637,000-20,749,00029,524,000-9,422,0008,726,0003,284,0001,961,0006,791,000
overdraft000000000000000
change in cash-20,706,000-8,947,00032,677,000-8,350,000-4,961,000-5,736,0009,921,000637,000-20,749,00029,524,000-9,422,0008,726,0003,284,0001,961,0006,791,000

ibstock brick limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ibstock Brick Limited Competitor Analysis

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Perform a competitor analysis for ibstock brick limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in LE67 area or any other competitors across 12 key performance metrics.

ibstock brick limited directors

Ibstock Brick Limited currently has 4 directors. The longest serving directors include Mr Darren Bowkett (Jun 2013) and Mr Andrew Craddock (Jan 2014).

officercountryagestartendrole
Mr Darren BowkettUnited Kingdom57 years Jun 2013- Director
Mr Andrew Craddock54 years Jan 2014- Director
Mr Joseph HudsonEngland55 years Apr 2018- Director
Mr Christopher McLeishEngland54 years Aug 2019- Director

P&L

December 2023

turnover

286.6m

-21%

operating profit

46.6m

-56%

gross margin

29.3%

-25.93%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

482.4m

+0.07%

total assets

868.2m

+0.03%

cash

14.7m

-0.59%

net assets

Total assets minus all liabilities

ibstock brick limited company details

company number

00063230

Type

Private limited with Share Capital

industry

23320 - Manufacture of bricks, tiles and construction products, in baked clay

incorporation date

August 1899

age

126

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

ibstock building products limited (April 2000)

accountant

-

auditor

DELOITTE LLP

address

leicester road, ibstock, leicestershire, LE67 6HS

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

ibstock brick 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 3 charges/mortgages relating to ibstock brick limited. Currently there are 0 open charges and 3 have been satisfied in the past.

ibstock brick 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.

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ibstock brick limited Companies House Filings - See Documents

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