volex plc

3.5

volex plc Company Information

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Company Number

00158956

Registered Address

unit c1 antura bond close, basingstoke, hampshire, RG24 8PZ

Industry

Manufacture of other electrical equipment

 

Manufacture of electronic components

 

Telephone

-

Next Accounts Due

September 2025

Group Structure

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Directors

Nathaniel Rothschild9 Years

Jeffrey Jackson5 Years

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Shareholders

chase nominees ltd 82.8%

undisclosed 17.2%

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volex plc Estimated Valuation

£1b

Pomanda estimates the enterprise value of VOLEX PLC at £1b based on a Turnover of £690.9m and 1.46x industry multiple (adjusted for size and gross margin).

volex plc Estimated Valuation

£704.2m

Pomanda estimates the enterprise value of VOLEX PLC at £704.2m based on an EBITDA of £75.1m and a 9.38x industry multiple (adjusted for size and gross margin).

volex plc Estimated Valuation

£522.7m

Pomanda estimates the enterprise value of VOLEX PLC at £522.7m based on Net Assets of £247.7m and 2.11x industry multiple (adjusted for liquidity).

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Volex Plc Overview

Volex Plc is a live company located in hampshire, RG24 8PZ with a Companies House number of 00158956. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in September 1919, it's largest shareholder is chase nominees ltd with a 82.8% stake. Volex Plc is a mature, mega sized company, Pomanda has estimated its turnover at £690.9m with high growth in recent years.

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Volex Plc Health Check

Pomanda's financial health check has awarded Volex Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £690.9m, make it larger than the average company (£16.2m)

£690.9m - Volex Plc

£16.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (9.1%)

29% - Volex Plc

9.1% - Industry AVG

production

Production

with a gross margin of 22.2%, this company has a higher cost of product (32.6%)

22.2% - Volex Plc

32.6% - Industry AVG

profitability

Profitability

an operating margin of 7% make it as profitable than the average company (7.2%)

7% - Volex Plc

7.2% - Industry AVG

employees

Employees

with 10820 employees, this is above the industry average (90)

10820 - Volex Plc

90 - Industry AVG

paystructure

Pay Structure

on an average salary of £13.9k, the company has a lower pay structure (£48.5k)

£13.9k - Volex Plc

£48.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £63.9k, this is less efficient (£180.7k)

£63.9k - Volex Plc

£180.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 75 days, this is later than average (54 days)

75 days - Volex Plc

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 68 days, this is slower than average (37 days)

68 days - Volex Plc

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 89 days, this is in line with average (106 days)

89 days - Volex Plc

106 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)

5 weeks - Volex Plc

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 60%, this is a higher level of debt than the average (39.2%)

60% - Volex Plc

39.2% - Industry AVG

VOLEX PLC financials

EXPORTms excel logo

Volex Plc's latest turnover from March 2024 is £690.9 million and the company has net assets of £247.7 million. According to their latest financial statements, Volex Plc has 10,820 employees and maintains cash reserves of £22.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Apr 2023Mar 2023Apr 2022Mar 2022Apr 2021Mar 2021Apr 2020Mar 2020Mar 2019Apr 2018Mar 2018Apr 2017Apr 2016Apr 2015Mar 2014Mar 2013Apr 2012Mar 2012Apr 2011Feb 2011Apr 2010
Turnover690,939,369560,918,827547,119,824519,922,172467,305,000324,201,404321,288,000286,203,013314,214,000292,258,875245,246,862257,901,600243,122,100285,219,618274,602,114259,534,989276,746,798327,453,200332,649,534309,896,914315,979,000228,995,000
Other Income Or Grants00001,0000-1,00001,0000000000000000
Cost Of Sales537,430,929439,081,173428,279,464413,501,396371,655,000248,235,337246,004,000219,901,272241,424,000234,516,180202,764,549213,227,200210,906,809239,806,767228,796,939216,716,389228,100,252265,772,831269,990,363251,669,618256,570,000182,834,000
Gross Profit153,508,440121,837,653118,840,360106,420,77795,651,00075,966,06775,283,00066,301,74172,791,00057,742,69642,482,31344,674,40032,215,29145,412,85145,805,17542,818,60048,646,54661,680,36962,659,17158,227,29659,409,00046,161,000
Admin Expenses105,139,65680,086,91678,116,72171,736,74064,477,00053,502,26753,021,00053,807,22659,074,00047,538,48635,808,29237,656,00037,252,18742,744,06348,758,02545,945,91046,192,89947,110,42247,858,01543,382,24244,268,00035,912,000
Operating Profit48,368,78441,750,73740,723,63934,684,03731,174,00022,463,80022,262,00012,494,51513,717,00010,204,2106,674,0217,018,400-5,036,8962,668,788-2,952,850-3,127,3102,453,64714,569,94714,801,15614,845,05415,141,00010,249,000
Interest Payable12,716,6757,372,3427,190,9774,652,7374,182,0001,817,3181,801,0001,135,0011,246,0001,002,1991,221,7571,284,8001,443,8951,486,1091,729,0362,199,8831,181,4942,539,8433,372,3102,499,3682,205,0003,946,000
Interest Receivable984,028310,414302,777253,785183,211226,70725,058239,87121,181101,31915,21416,00014,45413,96825,942422,85482,470899,316913,588992,28477,200607,000
Pre-Tax Profit39,058,36035,542,44934,668,08030,623,46727,524,00021,477,98721,285,00011,599,38612,735,0009,138,3915,321,4155,596,000-6,466,3371,196,648-4,655,944-4,904,3391,126,51312,149,63312,342,43512,845,94013,085,0006,910,000
Tax-8,629,173-6,518,702-6,358,338-4,906,522-4,410,0006,960,6556,898,000-851,982-935,000-1,907,791-2,335,489-2,456,0001,104,603-2,990,843-2,288,735-4,288,864-1,645,318-1,283,203-1,303,566-2,314,698-2,373,000-1,631,000
Profit After Tax30,429,18829,023,74728,309,74225,716,94423,114,00028,438,64328,183,00010,747,40411,800,0007,230,6002,985,9263,140,000-5,361,734-1,794,195-6,944,679-9,193,203-518,80410,866,43111,038,86910,531,24210,712,0005,279,000
Dividends Paid04,423,40506,090,8555,474,0004,399,5904,360,0001,430,4521,570,0000000001,117,4521,645,3181,715,1531,742,371000
Retained Profit29,747,93724,134,72027,855,57519,626,08917,640,00024,039,05223,823,0009,316,95210,230,0007,230,6002,985,9263,140,000-5,361,734-1,794,195-6,944,679-10,310,656-2,164,1229,151,2789,296,49910,531,24210,712,0005,279,000
Employee Costs150,783,438109,343,474106,653,54696,438,54286,679,00070,078,98269,449,00065,998,97672,458,00057,578,54253,007,22755,742,40052,190,94760,664,28758,881,89952,505,35153,384,80457,484,82258,397,04551,139,64152,112,00039,546,000
Number Of Employees10,8207,4337,4337,1257,1256,3536,3536,3536,1586,2076,4666,4666,388197,5266,9968,5958,4018,4018,3768,3766,794
EBITDA*75,088,94159,754,77258,284,76251,772,27038,625,00032,035,98027,904,00021,347,81318,873,00014,735,3129,116,0139,586,400-953,2158,240,7265,030,8052,042,9335,929,69516,848,59517,115,96517,014,92517,113,00012,541,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Apr 2023Mar 2023Apr 2022Mar 2022Apr 2021Mar 2021Apr 2020Mar 2020Mar 2019Apr 2018Mar 2018Apr 2017Apr 2016Apr 2015Mar 2014Mar 2013Apr 2012Mar 2012Apr 2011Feb 2011Apr 2010
Tangible Assets98,175,763107,946,60960,555,59891,024,44866,150,00072,843,35256,268,00038,253,62034,807,00021,516,65116,337,01017,180,00016,658,80627,704,48524,072,24925,951,74826,336,78416,230,07816,487,6339,451,0509,275,0007,982,000
Intangible Assets220,649,45996,306,069120,051,472109,889,18098,768,00076,881,67376,191,00030,201,11233,157,00022,499,2152,381,8942,504,8002,287,5622,892,2862,767,3655,613,2044,140,4923,783,2033,843,2383,306,9823,246,0002,588,000
Investments & Other7,266,671698,4322,649,3061,268,9280000000180,80016,736000000000
Debtors (Due After 1 year)21,421,54222,505,04419,983,34719,203,113019,319,87709,831,06602,123,78201,248,0000000353,863343,410348,859203,6420213,000
Total Fixed Assets318,825,221185,162,191180,607,069183,487,014164,918,000133,660,231132,459,00061,905,80667,965,00044,015,86518,718,90419,684,80018,946,36730,596,77126,839,61331,564,95230,477,27620,013,28120,330,87012,758,03112,521,00010,570,000
Stock & work in progress131,935,50893,512,33891,211,868100,922,08790,709,00056,227,87755,723,00042,412,60746,564,00038,581,52630,951,69232,548,80027,417,26832,209,37428,171,08725,933,58825,159,96931,488,74231,988,43532,816,21532,207,00027,502,000
Trade Debtors142,002,876105,696,104103,095,905100,668,30290,481,00073,354,54172,695,00041,232,99745,269,00056,006,12642,753,13844,959,20040,660,32742,844,94842,674,62243,481,41942,712,75757,305,84458,215,22666,531,74865,097,00051,374,000
Group Debtors227,08301,286,8061,691,90401,551,11801,455,31600000000000000
Misc Debtors17,485,428010,597,22912,435,49605,990,93104,385,69506,635,2495,611,25905,860,0220006,333,8599,544,6499,696,1138,175,43608,772,000
Cash22,556,96017,460,81017,031,26124,617,20622,126,00026,730,29126,490,00023,625,12725,937,00016,425,54118,889,31119,864,00022,491,44123,853,79421,879,4998,868,92714,648,18327,560,08027,997,43012,899,69612,660,00018,220,000
misc current assets756,94512,882,198681,250338,3811,064,000300,5701,318,00001,367,0001,151,429867,2506,812,800673,2606,898,1846,106,7517,534,860827,0461,363,5211,385,159456,6150385,000
total current assets316,327,303230,172,280224,509,878242,280,687217,762,000166,215,445164,722,000114,686,997125,912,000118,799,87499,072,651104,184,80097,102,320105,806,30198,831,96185,818,79589,681,816127,262,838129,282,364120,879,712118,636,000106,253,000
total assets635,152,524415,334,471405,116,947425,767,701382,680,000299,875,676297,181,000176,592,803193,877,000162,815,739117,791,555123,869,600116,048,687136,403,072125,671,574117,383,747120,159,092147,276,119149,613,234133,637,743131,157,000116,823,000
Bank overdraft00003,802,00006,926,0000181,000251,3350004,007,4504,885,531001,516,5701,540,6361,183,91117,095,000282,000
Bank loan000000000000000000016,234,50500
Trade Creditors 100,749,37665,497,43963,886,15570,806,19264,401,00052,754,86352,281,00028,998,83031,837,00036,021,83541,217,95443,344,80038,916,69841,761,60240,366,43137,110,05942,805,17056,002,40356,437,52057,956,61556,881,00045,173,000
Group/Directors Accounts0000000000000000000000
other short term finances2,497,9181,396,8641,362,5004,314,3553,269,0006,988,4453,310,000164,5452,809,00002,127,0441,479,200546,976000734,046034,6930121,000371,000
hp & lease commitments16,122,92712,106,16111,808,3413,637,59403,339,91502,558,13900000000073,99475,168123,324064,000
other current liabilities93,104,22962,781,31261,236,84664,630,740050,359,805036,910,925029,154,09822,744,76824,676,00023,352,60422,952,81524,693,55821,805,56319,918,11326,713,88627,556,69627,443,079026,388,000
total current liabilities212,474,453141,781,779138,293,846143,388,884128,878,000113,443,031112,424,00068,632,44175,350,00065,427,27066,089,76869,500,00062,816,28068,721,86969,945,52258,915,62463,457,33284,306,85685,644,716102,941,437101,031,00072,278,000
loans241,011,278168,865,434164,711,224196,430,081047,642,240010,801,5200019,829,59220,852,80027,736,78244,735,37031,549,38659,530,44850,639,29247,331,14048,082,234398,430051,050,000
hp & lease commitments12,186,81414,899,89114,533,34314,042,805011,301,74005,400,7600000000000068,302089,000
Accruals and Deferred Income0000000000000000000000
other liabilities20,361,8191,086,4501,059,722845,95206,643,2640416,84901,666,6661,766,4511,857,600328,642304,982347,623157,597336,316446,4962,365,563000
provisions55,559,75914,899,88914,533,34112,181,709017,890,885013,365,50909,778,5096,790,4137,140,8007,615,06110,315,0698,505,0899,454,5678,695,09112,811,7869,191,13212,567,669012,720,000
total long term liabilities168,647,33992,969,11490,682,007105,997,800100,898,00051,929,20851,463,00012,500,36513,724,0006,555,92215,076,45415,854,40018,004,56427,830,20320,374,86234,650,10730,003,50930,517,96131,002,2486,483,0506,362,00031,885,000
total liabilities381,121,792234,750,893228,975,853249,386,684229,776,000165,372,239163,887,00081,132,80689,074,00071,983,19281,166,22285,354,40080,820,84496,552,07290,320,38493,565,73193,460,841114,824,817116,646,964109,424,487107,393,000104,163,000
net assets247,672,394174,840,912170,539,701170,120,971152,904,000134,503,438133,294,00095,459,997104,803,00090,832,54736,625,33338,515,20035,227,84339,851,00135,351,19023,818,01626,698,25132,451,30332,966,27124,213,25623,764,00012,660,000
total shareholders funds247,672,394174,840,913170,539,702170,120,971152,904,000134,503,437133,295,00095,459,997104,803,00090,832,54836,625,33338,515,20035,227,84339,851,00135,351,19023,818,01726,698,25132,451,30332,966,27024,213,25623,764,00012,660,000
Mar 2024Apr 2023Mar 2023Apr 2022Mar 2022Apr 2021Mar 2021Apr 2020Mar 2020Mar 2019Apr 2018Mar 2018Apr 2017Apr 2016Apr 2015Mar 2014Mar 2013Apr 2012Mar 2012Apr 2011Feb 2011Apr 2010
Operating Activities
Operating Profit48,368,78441,750,73740,723,63934,684,03731,174,00022,463,80022,262,00012,494,51513,717,00010,204,2106,674,0217,018,400-5,036,8962,668,788-2,952,850-3,127,3102,453,64714,569,94714,801,15614,845,05415,141,00010,249,000
Depreciation9,310,42310,088,4686,206,9498,290,3317,451,0005,693,2875,642,0004,648,9695,156,0002,606,0322,354,5072,476,0003,748,1934,781,9344,606,0064,301,1872,814,5291,548,1911,572,7591,923,2231,972,0002,200,000
Amortisation17,409,7347,915,56711,354,1748,797,90203,878,89404,204,32901,925,07087,48592,000335,488790,0043,377,650869,057661,519730,457742,049246,648092,000
Tax-8,629,173-6,518,702-6,358,338-4,906,522-4,410,0006,960,6556,898,000-851,982-935,000-1,907,791-2,335,489-2,456,0001,104,603-2,990,843-2,288,735-4,288,864-1,645,318-1,283,203-1,303,566-2,314,698-2,373,000-1,631,000
Stock38,423,170-7,409,749-9,710,21944,694,21034,481,12313,815,27013,310,3933,831,0817,982,4747,629,8343,534,4245,131,532-4,792,1064,038,2872,237,499773,619-6,328,773-1,327,473-827,7805,314,2154,705,00027,502,000
Debtors52,935,782-5,797,667964,47233,782,346-9,735,46943,311,39415,789,925-7,860,083-19,496,15816,400,7611,844,048-313,1493,675,401170,326-806,797-5,919,060-17,793,424-7,716,923-6,650,62814,551,8264,738,00060,359,000
Creditors35,251,936-5,308,753-6,920,03718,051,32911,646,13723,756,03323,282,170-7,023,005-4,184,835-5,196,1192,301,2554,428,102-2,844,9031,395,1713,256,372-5,695,111-13,197,233-1,954,212-1,519,09512,783,61511,708,00045,173,000
Accruals and Deferred Income30,322,917-1,849,428-3,393,89414,270,935-50,359,80513,448,880-36,910,9257,756,827-29,154,0986,409,330-607,8361,323,396399,789-1,740,7432,887,9951,887,450-6,795,773-729,193113,6171,055,079-26,388,00026,388,000
Deferred Taxes & Provisions40,659,8702,718,1802,351,632-5,709,176-17,890,8854,525,376-13,365,5093,587,000-9,778,5092,988,096-824,648-474,261-2,700,0081,809,980-949,478759,476-4,116,695244,117-3,376,537-152,331-12,720,00012,720,000
Cash flow from operations81,335,53962,003,48552,709,872-4,997,720-47,135,20723,600,261-21,292,58228,845,655-13,665,758-7,001,7672,270,8237,589,254-3,877,0292,505,6786,506,258-148,6744,296,87322,170,50018,508,7918,520,549-22,103,0007,330,000
Investing Activities
capital expenditure-141,292,701-21,343,0842,745,435-68,276,836-22,643,975-90,842,474-69,646,268-33,292,164-29,104,134-29,828,063-2,214,529-3,306,4327,566,722-9,329,095-3,258,317-6,257,920-13,940,044-9,533,897-9,887,647-4,357,903-3,923,000-12,862,000
Change in Investments6,568,239-570,4961,380,3781,268,928000000-16,736164,06416,736000000000
cash flow from investments-147,860,940-20,772,5881,365,057-69,545,764-22,643,975-90,842,474-69,646,268-33,292,164-29,104,134-29,828,063-2,197,793-3,470,4967,549,986-9,329,095-3,258,317-6,257,920-13,940,044-9,533,897-9,887,647-4,357,903-3,923,000-12,862,000
Financing Activities
Bank loans00000000000000000-16,234,505-16,234,50516,234,50500
Group/Directors Accounts0000000000000000000000
Other Short Term Loans 1,101,054-2,917,491-2,951,855-2,674,090-3,719,4456,823,9003,145,455164,5452,809,000-2,127,0441,580,068932,224546,97600-734,046734,046034,693-371,000-250,000371,000
Long term loans72,145,844-27,564,647-31,718,857148,787,841-47,642,24036,840,720-10,801,52010,801,5200-19,829,592-7,907,190-6,883,982-16,998,58813,185,984-27,981,0628,891,1563,308,15246,932,71047,683,804-50,651,570-51,050,00051,050,000
Hire Purchase and Lease Commitments1,303,6899,325,6538,661,2853,038,744-14,641,6556,682,756-7,958,8997,958,89900000000-73,994-117,632-116,45838,626-153,000153,000
other long term liabilities19,275,369240,498213,770-5,797,312-6,643,2646,226,415-416,849-1,249,817-1,666,666-99,7851,437,8091,528,95823,660-42,641190,026-178,719-110,180446,4962,365,563000
share issue43,083,545-19,414,779-27,436,84415,991,445760,56315,004,38814,012,003-4,689,5033,740,45246,976,615-1,588,436147,357738,5766,294,00618,477,8527,430,422-3,588,930-913,231-543,4841,022,014392,0007,381,000
interest-11,732,647-7,061,928-6,888,200-4,398,952-3,998,789-1,590,611-1,775,942-895,130-1,224,819-900,880-1,206,543-1,268,800-1,429,441-1,472,141-1,703,094-1,777,029-1,099,024-1,640,527-2,458,722-1,507,084-2,127,800-3,339,000
cash flow from financing125,176,854-47,392,694-60,120,701154,947,676-75,884,83069,987,568-3,795,75212,090,5143,657,96724,019,314-7,684,292-5,544,243-17,118,81717,965,208-11,016,27813,631,784-829,93028,473,31130,730,891-35,234,509-53,188,80055,616,000
cash and cash equivalents
cash5,096,150-7,156,396-7,585,945-2,113,085-4,604,2913,105,1642,864,8737,199,5869,511,459-2,463,770-3,602,130-2,627,441-1,362,3531,974,29513,010,572-5,779,256-12,911,89714,660,38415,097,734-5,320,304-5,560,00018,220,000
overdraft00003,802,00006,926,000-251,335-70,335251,33500-4,007,450-878,0814,885,5310-1,516,570332,659356,725901,91116,813,000282,000
change in cash5,096,150-7,156,396-7,585,945-2,113,085-8,406,2913,105,164-4,061,1277,450,9219,581,794-2,715,105-3,602,130-2,627,4412,645,0972,852,3768,125,041-5,779,256-11,395,32714,327,72514,741,009-6,222,215-22,373,00017,938,000

volex plc 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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Volex Plc Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for volex plc by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in RG24 area or any other competitors across 12 key performance metrics.

volex plc directors

Volex Plc currently has 6 directors. The longest serving directors include The Honourable Nathaniel Rothschild (Oct 2015) and Mr Jeffrey Jackson (Jul 2019).

officercountryagestartendrole
The Honourable Nathaniel RothschildUnited States53 years Oct 2015- Director
Mr Jeffrey JacksonUnited Kingdom72 years Jul 2019- Director
Mr Jonathan BoadenUnited Kingdom45 years Nov 2020- Director
Sir Peter WestmacottUnited Kingdom73 years Nov 2020- Director
Ms Amelia MurilloEngland49 years Jan 2021- Director
Mr John WilsonEngland48 years Oct 2023- Director

P&L

March 2024

turnover

690.9m

+23%

operating profit

48.4m

+16%

gross margin

22.3%

+2.28%

turnover

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

Balance Sheet

March 2024

net assets

247.7m

+0.42%

total assets

635.2m

+0.53%

cash

22.6m

+0.29%

net assets

Total assets minus all liabilities

volex plc company details

company number

00158956

Type

Public limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

26110 - Manufacture of electronic components

incorporation date

September 1919

age

105

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

volex group p.l.c. (August 2011)

ward & goldstoneplc (October 1984)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

unit c1 antura bond close, basingstoke, hampshire, RG24 8PZ

Bank

HSBC BANK PLC

Legal Advisor

-

volex plc 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 28 charges/mortgages relating to volex plc. Currently there are 0 open charges and 28 have been satisfied in the past.

charges

volex plc Companies House Filings - See Documents

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