Bright Steels Limited

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bright steels limited Company Information

Live

MatureLargeHigh

Company Number

00159061

Website

www.bright-steels.com

Registered Address

norton works, malton, north yorkshire, YO17 9BD

Industry

Cold drawing of bars

Telephone

01653694961

Next Accounts Due

September 2025

Group Structure

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Directors

Lindsay Chouler33 Years

Marianne Pratt11 Years

Shareholders

lindsay paul chouler 30.1%

annabel c. roberts 28.7%

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bright steels limited Estimated Valuation

£18.4m

Pomanda estimates the enterprise value of BRIGHT STEELS LIMITED at £18.4m based on Net Assets of £13m and 1.42x industry multiple (adjusted for liquidity).

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Bright Steels Limited is a live company located in north yorkshire, YO17 9BD with a Companies House number of 00159061. It operates in the cold drawing of bars sector, SIC Code 24310. Founded in September 1919, it's largest shareholder is lindsay paul chouler with a 30.1% stake. Bright Steels Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.1m with high growth in recent years.

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Pomanda's financial health check has awarded Bright Steels Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

7 Regular

3 Weak

Size

annual sales of £21.1m, make it in line with the average company (£24m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a similar rate (20%)

EXPORT

Bright Steels Limited's latest turnover from December 2023 is £21.1 million and the company has net assets of £13 million. According to their latest financial statements, Bright Steels Limited has 73 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	21,067,816	23,290,058	18,547,599	12,238,115	16,093,788	18,777,411	16,588,412	13,224,353	13,575,874	14,850,169	14,195,685	14,819,492	15,535,436	12,296,392	8,427,748
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	16,100,805	16,378,776	13,429,913	9,455,577	12,296,239	13,991,209	11,373,210	9,463,990	10,012,510	11,104,109	11,642,003	11,998,653	12,626,620	9,955,892	0
Gross Profit	4,967,011	6,911,282	5,117,686	2,782,538	3,797,549	4,786,202	5,215,202	3,760,363	3,563,364	3,746,060	2,553,682	2,820,839	2,908,816	2,340,500	0
Admin Expenses	4,363,237	4,712,788	3,590,057	2,735,814	3,618,191	3,674,681	3,993,730	3,304,491	3,190,419	3,317,928	2,324,115	2,384,332	1,400,420	1,511,651	588,586
Operating Profit	603,774	2,198,494	1,527,629	46,724	179,358	1,111,521	1,221,472	455,872	372,945	428,132	229,567	436,507	1,508,396	828,849	-588,586
Interest Payable	11,661	11,248	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,567	739	253	3,010	6,158	4,676	2,799	4,386	7,633	14,323	17,328	10,247	30,136	54,063	44,335
Pre-Tax Profit	605,680	2,187,985	1,527,882	49,734	185,516	1,116,197	1,224,271	441,156	512,511	442,455	246,895	446,754	1,538,532	882,912	-544,251
Tax	-145,192	-426,836	-402,824	-19,472	-28,155	-105,696	-30,074	-99,401	-38,331	-181,320	-55,937	-110,111	-357,115	-239,002	160,834
Profit After Tax	460,488	1,761,149	1,125,058	30,262	157,361	1,010,501	1,194,197	341,755	474,180	261,135	190,958	336,643	1,181,417	643,910	-383,417
Dividends Paid	405,337	405,337	555,412	135,000	525,487	585,562	585,562	360,338	300,263	270,225	320,338	450,337	420,413	375,414	165,150
Retained Profit	55,151	1,355,812	569,646	-104,738	-368,126	424,939	608,635	-18,583	173,917	-9,090	-129,380	-113,694	761,004	268,496	-548,567
Employee Costs	3,667,991	3,947,419	3,799,020	2,688,341	3,265,994	3,706,359	3,349,329	2,814,446	2,823,859	2,743,830	2,563,238	2,601,058	2,853,622	2,519,394	1,899,752
Number Of Employees	73	70	72	70	76	79	76	74	76	74	72	73	73	71	72
EBITDA*	851,598	2,431,886	1,753,367	272,393	324,081	1,326,674	1,436,625	610,137	527,210	568,634	364,149	562,945	1,617,137	944,271	-317,454

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	2,010,031	2,014,775	2,123,180	2,267,988	2,041,414	1,844,370	1,798,205	1,912,157	1,720,615	1,602,415	1,589,191	1,618,699	1,665,459	1,650,797	1,687,824
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,291,838	2,291,838	2,291,838	2,041,994	1,975,794	1,947,494	1,911,689	1,802,424	1,756,424	1,687,424	3,080	3,080	3,080	3,080	3,080
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,301,869	4,306,613	4,415,018	4,309,982	4,017,208	3,791,864	3,709,894	3,714,581	3,477,039	3,289,839	1,592,271	1,621,779	1,668,539	1,653,877	1,690,904
Stock & work in progress	7,068,515	9,924,516	8,818,067	4,298,782	4,609,093	6,625,517	5,189,073	4,294,883	4,390,214	4,615,799	4,013,568	4,755,237	6,137,147	3,959,696	3,240,536
Trade Debtors	3,733,707	4,397,001	4,081,337	2,626,308	3,130,386	3,943,176	3,163,672	2,707,235	2,470,846	3,233,906	2,747,347	2,397,178	2,975,036	3,016,938	1,801,549
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	319,482	207,157	236,226	172,000	275,203	223,492	295,420	229,138	213,208	182,277	239,859	452,308	461,075	458,898	499,723
Cash	1,549,815	670,061	1,188,396	1,610,440	1,168,055	2,186,830	1,921,384	2,265,669	1,652,252	1,735,293	1,982,066	1,361,208	933,884	2,328,190	2,655,094
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	12,671,519	15,198,735	14,324,026	8,707,530	9,182,737	12,979,015	10,569,549	9,496,925	8,726,520	9,767,275	8,982,840	8,965,931	10,507,142	9,763,722	8,196,902
total assets	16,973,388	19,505,348	18,739,044	13,017,512	13,199,945	16,770,879	14,279,443	13,211,506	12,203,559	13,057,114	10,575,111	10,587,710	12,175,681	11,417,599	9,887,806
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,126,494	4,319,939	5,204,435	1,397,946	1,176,535	3,896,208	2,095,255	1,612,233	863,919	1,468,236	874,996	763,816	1,873,170	1,600,493	873,312
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,168,377	1,581,860	1,285,002	213,336	531,914	1,031,026	787,856	756,415	507,684	980,956	574,161	572,548	935,626	810,307	347,727
total current liabilities	3,294,871	5,901,799	6,489,437	1,611,282	1,708,449	4,927,234	2,883,111	2,368,648	1,371,603	2,449,192	1,449,157	1,336,364	2,808,796	2,410,800	1,221,039
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	724,201	704,384	706,254	432,523	413,051	397,074	374,700	429,861	400,376	350,259	37,816	33,828	35,673	436,591	365,055
total long term liabilities	724,201	704,384	706,254	432,523	413,051	397,074	374,700	429,861	400,376	350,259	37,816	33,828	35,673	436,591	365,055
total liabilities	4,019,072	6,606,183	7,195,691	2,043,805	2,121,500	5,324,308	3,257,811	2,798,509	1,771,979	2,799,451	1,486,973	1,370,192	2,844,469	2,847,391	1,586,094
net assets	12,954,316	12,899,165	11,543,353	10,973,707	11,078,445	11,446,571	11,021,632	10,412,997	10,431,580	10,257,663	9,088,138	9,217,518	9,331,212	8,570,208	8,301,712
total shareholders funds	12,954,316	12,899,165	11,543,353	10,973,707	11,078,445	11,446,571	11,021,632	10,412,997	10,431,580	10,257,663	9,088,138	9,217,518	9,331,212	8,570,208	8,301,712

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	603,774	2,198,494	1,527,629	46,724	179,358	1,111,521	1,221,472	455,872	372,945	428,132	229,567	436,507	1,508,396	828,849	-588,586
Depreciation	247,824	233,392	225,738	225,669	144,723	215,153	215,153	154,265	154,265	140,502	134,582	126,438	108,741	115,422	271,132
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-145,192	-426,836	-402,824	-19,472	-28,155	-105,696	-30,074	-99,401	-38,331	-181,320	-55,937	-110,111	-357,115	-239,002	160,834
Stock	-2,856,001	1,106,449	4,519,285	-310,311	-2,016,424	1,436,444	894,190	-95,331	-225,585	602,231	-741,669	-1,381,910	2,177,451	719,160	3,240,536
Debtors	-550,969	286,595	1,519,255	-607,281	-761,079	707,576	522,719	252,319	-732,129	428,977	137,720	-586,625	-39,725	1,174,564	2,301,272
Creditors	-2,193,445	-884,496	3,806,489	221,411	-2,719,673	1,800,953	483,022	748,314	-604,317	593,240	111,180	-1,109,354	272,677	727,181	873,312
Accruals and Deferred Income	-413,483	296,858	1,071,666	-318,578	-499,112	243,170	31,441	248,731	-473,272	406,795	1,613	-363,078	125,319	462,580	347,727
Deferred Taxes & Provisions	19,817	-1,870	273,731	19,472	15,977	22,374	-55,161	29,485	50,117	312,443	3,988	-1,845	-400,918	71,536	365,055
Cash flow from operations	1,526,265	22,498	463,889	1,092,818	-129,379	1,143,455	448,944	1,380,278	419,121	668,584	1,028,942	947,092	-880,626	72,842	-4,112,334
Investing Activities
capital expenditure	0	0	0	0	0	344,500	1,000	15,029	0	-323,004	-94,105	-79,678	-115,553	-128,895	0
Change in Investments	0	0	249,844	66,200	28,300	35,805	109,265	46,000	69,000	1,684,344	0	0	0	0	3,080
cash flow from investments	0	0	-249,844	-66,200	-28,300	308,695	-108,265	-30,971	-69,000	-2,007,348	-94,105	-79,678	-115,553	-128,895	-3,080
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	1,178,615	0	0	0	0	8,850,279
interest	1,906	-10,509	253	3,010	6,158	4,676	2,799	4,386	7,633	14,323	17,328	10,247	30,136	54,063	44,335
cash flow from financing	1,906	-10,509	253	3,010	6,158	4,676	2,799	4,386	7,633	1,192,938	17,328	10,247	30,136	54,063	8,894,614
cash and cash equivalents
cash	879,754	-518,335	-422,044	442,385	-1,018,775	265,446	-344,285	613,417	-83,041	-246,773	620,858	427,324	-1,394,306	-326,904	2,655,094
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	879,754	-518,335	-422,044	442,385	-1,018,775	265,446	-344,285	613,417	-83,041	-246,773	620,858	427,324	-1,394,306	-326,904	2,655,094

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for bright steels limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in YO17 area or any other competitors across 12 key performance metrics.

BRIGHT STEELS LIMITED group structure

Bright Steels Limited has no subsidiary companies.

Ultimate parent company

BRIGHT STEELS LIMITED

00159061

BRIGHT STEELS LIMITED Shareholders

lindsay paul chouler	30.09%
annabel c. roberts	28.71%
melinda j. mcdonald	28.71%
rachael blackwell	1.25%
marianne pratt	1.25%
daniel chouler	1.25%
katie barbey	1.25%
brian shepherd	1.25%
james mcdonald	1.25%
david roberts	1.25%

Bright Steels Limited currently has 2 directors. The longest serving directors include Mr Lindsay Chouler (May 1991) and Mrs Marianne Pratt (Oct 2012).

officer	country	age	start	end	role
Mr Lindsay Chouler	United Kingdom	71 years	May 1991	-	Director
Mrs Marianne Pratt	England	43 years	Oct 2012	-	Director

P&L

December 2023

turnover

21.1m

-10%

operating profit

603.8k

-73%

gross margin

23.6%

-20.55%

turnover

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

Balance Sheet

December 2023

net assets

13m

total assets

17m

-0.13%

cash

1.5m

+1.31%

net assets

Total assets minus all liabilities

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company number

00159061

Type

Private limited with Share Capital

industry

24310 - Cold drawing of bars

incorporation date

September 1919

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2023

address

norton works, malton, north yorkshire, YO17 9BD

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 7 charges/mortgages relating to bright steels limited. Currently there are 2 open charges and 5 have been satisfied in the past.

bright steels limited Company Information

bright steels limited Estimated Valuation

bright steels limited Estimated Valuation

bright steels limited Estimated Valuation

Bright Steels Limited Overview

Bright Steels Limited Health Check

BRIGHT STEELS LIMITED financials

bright steels limited Credit Report and Business Information

Bright Steels Limited Competitor Analysis

bright steels limited Ownership

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bright steels limited company details

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bright steels limited Companies House Filings - See Documents