close brothers limited
close brothers limited Company Information
Company Number
00195626
Website
www.closebrothers.comRegistered Address
10 crown place, london, EC2A 4FT
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
08081631284
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
close brothers holdings limited 100%
close brothers limited Estimated Valuation
Pomanda estimates the enterprise value of CLOSE BROTHERS LIMITED at £2.8b based on a Turnover of £1b and 2.77x industry multiple (adjusted for size and gross margin).
close brothers limited Estimated Valuation
Pomanda estimates the enterprise value of CLOSE BROTHERS LIMITED at £2.1b based on an EBITDA of £181.3m and a 11.47x industry multiple (adjusted for size and gross margin).
close brothers limited Estimated Valuation
Pomanda estimates the enterprise value of CLOSE BROTHERS LIMITED at £2.5b based on Net Assets of £1.3b and 1.91x industry multiple (adjusted for liquidity).
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Close Brothers Limited Overview
Close Brothers Limited is a live company located in london, EC2A 4FT with a Companies House number of 00195626. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 1924, it's largest shareholder is close brothers holdings limited with a 100% stake. Close Brothers Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1b with healthy growth in recent years.
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Close Brothers Limited Health Check
Pomanda's financial health check has awarded Close Brothers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £1b, make it larger than the average company (£4.7m)
£1b - Close Brothers Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.3%)
12% - Close Brothers Limited
4.3% - Industry AVG
Production
with a gross margin of 60.7%, this company has a comparable cost of product (60.7%)
60.7% - Close Brothers Limited
60.7% - Industry AVG
Profitability
an operating margin of 11.8% make it as profitable than the average company (10.9%)
11.8% - Close Brothers Limited
10.9% - Industry AVG
Employees
with 2845 employees, this is above the industry average (14)
2845 - Close Brothers Limited
14 - Industry AVG
Pay Structure
on an average salary of £75.5k, the company has an equivalent pay structure (£77.4k)
£75.5k - Close Brothers Limited
£77.4k - Industry AVG
Efficiency
resulting in sales per employee of £361.1k, this is more efficient (£223.7k)
£361.1k - Close Brothers Limited
£223.7k - Industry AVG
Debtor Days
it gets paid by customers after 1973 days, this is later than average (31 days)
1973 days - Close Brothers Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 5775 days, this is slower than average (36 days)
5775 days - Close Brothers Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Close Brothers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (39 weeks)
14 weeks - Close Brothers Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.3%, this is a higher level of debt than the average (57%)
89.3% - Close Brothers Limited
57% - Industry AVG
close brothers limited Credit Report and Business Information
Close Brothers Limited Competitor Analysis
Perform a competitor analysis for close brothers limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
close brothers limited Ownership
CLOSE BROTHERS LIMITED group structure
Close Brothers Limited has 25 subsidiary companies.
Ultimate parent company
2 parents
CLOSE BROTHERS LIMITED
00195626
25 subsidiaries
close brothers limited directors
Close Brothers Limited currently has 13 directors. The longest serving directors include Mr Michael Morgan (Nov 2010) and Mr Adrian Sainsbury (Aug 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Morgan | United Kingdom | 58 years | Nov 2010 | - | Director |
| Mr Adrian Sainsbury | England | 56 years | Aug 2013 | - | Director |
| Mr Adrian Sainsbury | United Kingdom | 56 years | Aug 2013 | - | Director |
| Mr Michael Biggs | 71 years | Mar 2017 | - | Director | |
| Ms Sally Williams | England | 57 years | Jan 2020 | - | Director |
| Ms Sally Williams | 57 years | Jan 2020 | - | Director | |
| Mr Mark Pain | England | 62 years | Jan 2021 | - | Director |
| Mr Mark Pain | 62 years | Jan 2021 | - | Director | |
| Ms Tesula Mohindra | 57 years | Jul 2021 | - | Director | |
| Mrs Patricia Halliday | 57 years | Aug 2021 | - | Director |
CLOSE BROTHERS LIMITED financials
Close Brothers Limited's latest turnover from July 2023 is £1 billion and the company has net assets of £1.3 billion. According to their latest financial statements, Close Brothers Limited has 2,845 employees and maintains cash reserves of £1.9 billion as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,027,400,000 | 817,500,000 | 762,400,000 | 735,200,000 | 748,400,000 | 706,300,000 | 686,800,000 | 692,700,000 | 663,000,000 | 613,100,000 | 570,300,000 | 522,800,000 | 470,400,000 | 391,600,000 | 423,300,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 120,700,000 | 229,400,000 | 209,500,000 | 99,500,000 | 256,000,000 | 252,400,000 | 253,300,000 | 232,800,000 | 0 | ||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 120,700,000 | 229,400,000 | 209,500,000 | 99,500,000 | 254,100,000 | 250,500,000 | 252,400,000 | 232,800,000 | 217,900,000 | 188,700,000 | 165,300,000 | 140,200,000 | 113,300,000 | 81,000,000 | 53,300,000 |
| Tax | -31,600,000 | -66,300,000 | -50,100,000 | -21,500,000 | -63,300,000 | -61,800,000 | -66,000,000 | -43,700,000 | -45,300,000 | -43,200,000 | -42,300,000 | -38,400,000 | -31,000,000 | -24,000,000 | -16,500,000 |
| Profit After Tax | 89,100,000 | 163,100,000 | 159,400,000 | 78,000,000 | 190,800,000 | 188,700,000 | 186,400,000 | 189,100,000 | 172,600,000 | 145,500,000 | 123,000,000 | 101,800,000 | 82,300,000 | 57,000,000 | 36,800,000 |
| Dividends Paid | 89,600,000 | 130,100,000 | 92,300,000 | 54,600,000 | 82,200,000 | 31,100,000 | 45,900,000 | 105,500,000 | 63,600,000 | 85,100,000 | 69,700,000 | 59,000,000 | 33,100,000 | 17,100,000 | 19,100,000 |
| Retained Profit | -500,000 | 33,000,000 | 67,100,000 | 23,400,000 | 108,300,000 | 155,700,000 | 140,200,000 | 83,800,000 | 109,000,000 | 60,100,000 | 52,400,000 | 41,300,000 | 38,300,000 | 40,500,000 | 17,300,000 |
| Employee Costs | 214,900,000 | 199,400,000 | 182,100,000 | 166,500,000 | 166,800,000 | 166,200,000 | 157,900,000 | 149,600,000 | 134,000,000 | 118,400,000 | 168,800,000 | 155,900,000 | 142,200,000 | 119,000,000 | 74,400,000 |
| Number Of Employees | 2,845 | 2,691 | 2,345 | 2,271 | 2,207 | 1,734 | 1,512 | 1,776 | 1,654 | 2 | 2 | 1,403 | 1,422 | ||
| EBITDA* | 181,300,000 | 284,100,000 | 268,700,000 | 113,700,000 | 256,000,000 | 252,400,000 | 253,300,000 | 232,800,000 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,651,900,000 | 4,590,300,000 | 340,800,000 | 346,100,000 | 292,100,000 | 259,500,000 | 240,300,000 | 229,700,000 | 180,900,000 | 186,100,000 | 139,000,000 | 114,300,000 | 88,200,000 | 69,200,000 | 58,700,000 |
| Intangible Assets | 175,000,000 | 160,500,000 | 138,700,000 | 154,100,000 | 132,800,000 | 110,400,000 | 95,000,000 | 58,700,000 | 50,100,000 | 14,800,000 | 16,600,000 | 18,400,000 | 22,900,000 | 24,700,000 | 23,200,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,826,900,000 | 4,750,800,000 | 479,500,000 | 500,200,000 | 424,900,000 | 369,900,000 | 335,300,000 | 288,400,000 | 231,000,000 | 200,900,000 | 155,600,000 | 132,700,000 | 111,100,000 | 93,900,000 | 81,900,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,554,800,000 | 5,329,500,000 | 8,986,800,000 | 8,092,700,000 | 8,028,200,000 | 7,683,500,000 | 7,191,100,000 | 6,741,000,000 | 5,935,700,000 | 5,402,800,000 | 4,836,300,000 | 4,608,600,000 | 4,362,900,000 | 4,629,900,000 | 4,808,500,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,937,000,000 | 1,254,700,000 | 1,331,000,000 | 1,375,800,000 | 1,106,400,000 | 1,140,400,000 | 805,100,000 | 847,400,000 | 1,038,000,000 | 1,171,700,000 | 935,300,000 | 706,800,000 | 594,400,000 | 452,600,000 | 1,700,000 |
| misc current assets | 135,600,000 | 132,500,000 | 154,600,000 | 136,800,000 | 152,200,000 | 134,900,000 | 118,500,000 | 99,100,000 | 82,900,000 | 81,200,000 | 88,800,000 | 84,400,000 | 93,100,000 | 89,800,000 | 113,200,000 |
| total current assets | 7,661,200,000 | 6,757,500,000 | 10,472,400,000 | 9,629,500,000 | 9,286,800,000 | 9,026,300,000 | 8,114,700,000 | 7,687,700,000 | 7,056,600,000 | 6,655,700,000 | 5,860,400,000 | 5,399,800,000 | 5,050,400,000 | 5,172,300,000 | 4,923,400,000 |
| total assets | 12,488,100,000 | 11,508,300,000 | 10,951,900,000 | 10,129,700,000 | 9,711,700,000 | 9,396,200,000 | 8,450,000,000 | 7,976,100,000 | 7,287,600,000 | 6,856,600,000 | 6,016,000,000 | 5,532,500,000 | 5,161,500,000 | 5,266,200,000 | 5,005,300,000 |
| 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 | 6,387,100,000 | 6,273,900,000 | 8,924,600,000 | 8,199,800,000 | 7,829,500,000 | 7,590,200,000 | 7,010,400,000 | 6,650,300,000 | 6,060,900,000 | 1,487,200,000 | 1,199,300,000 | 2,396,200,000 | 2,388,600,000 | 2,938,300,000 | 2,099,000,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 222,700,000 | 223,000,000 | 221,600,000 | 217,900,000 | 220,700,000 | 46,400,000 | 46,400,000 | 77,200,000 | 77,300,000 | 77,300,000 | 75,000,000 | 75,000,000 | 75,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 6,892,900,000 | 6,813,200,000 | 9,678,500,000 | 8,920,500,000 | 8,534,300,000 | 8,278,900,000 | 7,495,100,000 | 7,205,400,000 | 6,596,300,000 | 2,029,100,000 | 1,703,700,000 | 3,040,800,000 | 3,365,700,000 | 4,613,700,000 | 3,772,000,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,258,800,000 | 3,369,100,000 | 0 | 10,200,000 | 0 | 0 | 0 | 0 | 0 | 4,241,700,000 | 3,783,600,000 | 2,017,800,000 | 1,368,600,000 | 266,400,000 | 912,500,000 |
| total liabilities | 11,151,700,000 | 10,182,300,000 | 9,678,500,000 | 8,930,700,000 | 8,534,300,000 | 8,278,900,000 | 7,495,100,000 | 7,205,400,000 | 6,596,300,000 | 6,270,800,000 | 5,487,300,000 | 5,058,600,000 | 4,734,300,000 | 4,880,100,000 | 4,684,500,000 |
| net assets | 1,336,400,000 | 1,326,000,000 | 1,273,400,000 | 1,199,000,000 | 1,177,400,000 | 1,117,300,000 | 954,900,000 | 770,700,000 | 691,300,000 | 585,800,000 | 528,700,000 | 473,900,000 | 427,200,000 | 386,100,000 | 320,800,000 |
| total shareholders funds | 1,336,400,000 | 1,326,000,000 | 1,273,400,000 | 1,199,000,000 | 1,177,400,000 | 1,117,300,000 | 954,900,000 | 770,700,000 | 691,300,000 | 585,800,000 | 528,700,000 | 473,900,000 | 427,200,000 | 386,100,000 | 320,800,000 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 120,700,000 | 229,400,000 | 209,500,000 | 99,500,000 | 256,000,000 | 252,400,000 | 253,300,000 | 232,800,000 | 0 | ||||||
| Depreciation | 60,600,000 | 54,700,000 | 59,200,000 | 14,200,000 | 0 | ||||||||||
| Amortisation | |||||||||||||||
| Tax | -31,600,000 | -66,300,000 | -50,100,000 | -21,500,000 | -63,300,000 | -61,800,000 | -66,000,000 | -43,700,000 | -45,300,000 | -43,200,000 | -42,300,000 | -38,400,000 | -31,000,000 | -24,000,000 | -16,500,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 225,300,000 | -3,657,300,000 | 894,100,000 | 64,500,000 | 344,700,000 | 492,400,000 | 450,100,000 | 805,300,000 | 532,900,000 | 566,500,000 | 227,700,000 | 245,700,000 | -267,000,000 | -178,600,000 | 4,808,500,000 |
| Creditors | 113,200,000 | -2,650,700,000 | 724,800,000 | 370,300,000 | 239,300,000 | 579,800,000 | 360,100,000 | 589,400,000 | 4,573,700,000 | 287,900,000 | -1,196,900,000 | 7,600,000 | -549,700,000 | 839,300,000 | 2,099,000,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| 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 | -222,700,000 | -300,000 | 1,400,000 | 3,700,000 | -2,800,000 | 174,300,000 | 0 | -30,800,000 | -100,000 | 0 | 2,300,000 | 0 | 0 | 75,000,000 |
| 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 | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 682,300,000 | -76,300,000 | -44,800,000 | 269,400,000 | -34,000,000 | 335,300,000 | -42,300,000 | -190,600,000 | -133,700,000 | 236,400,000 | 228,500,000 | 112,400,000 | 141,800,000 | 450,900,000 | 1,700,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 682,300,000 | -76,300,000 | -44,800,000 | 269,400,000 | -34,000,000 | 335,300,000 | -42,300,000 | -190,600,000 | -133,700,000 | 236,400,000 | 228,500,000 | 112,400,000 | 141,800,000 | 450,900,000 | 1,700,000 |
P&L
July 2023turnover
1b
+26%
operating profit
120.7m
-47%
gross margin
60.8%
-2.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.3b
+0.01%
total assets
12.5b
+0.09%
cash
1.9b
+0.54%
net assets
Total assets minus all liabilities
close brothers limited company details
company number
00195626
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
February 1924
age
100
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
10 crown place, london, EC2A 4FT
last accounts submitted
July 2023
close brothers 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 6 charges/mortgages relating to close brothers limited. Currently there are 5 open charges and 1 have been satisfied in the past.
close brothers limited Companies House Filings - See Documents
| date | description | view/download |
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