speedo international limited
speedo international limited Company Information
Company Number
00227323
Website
www.speedo.comRegistered Address
8 manchester square, london, W1U 3PH
Industry
Manufacture of other wearing apparel and accessories
Wholesale of clothing and footwear
Telephone
02074970950
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
pentland group limited 100%
speedo international limited Estimated Valuation
Pomanda estimates the enterprise value of SPEEDO INTERNATIONAL LIMITED at £100.2m based on a Turnover of £106.5m and 0.94x industry multiple (adjusted for size and gross margin).
speedo international limited Estimated Valuation
Pomanda estimates the enterprise value of SPEEDO INTERNATIONAL LIMITED at £92.8m based on an EBITDA of £9.1m and a 10.2x industry multiple (adjusted for size and gross margin).
speedo international limited Estimated Valuation
Pomanda estimates the enterprise value of SPEEDO INTERNATIONAL LIMITED at £92.3m based on Net Assets of £32.5m and 2.84x industry multiple (adjusted for liquidity).
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Speedo International Limited Overview
Speedo International Limited is a live company located in london, W1U 3PH with a Companies House number of 00227323. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in January 1928, it's largest shareholder is pentland group limited with a 100% stake. Speedo International Limited is a mature, mega sized company, Pomanda has estimated its turnover at £106.5m with declining growth in recent years.
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Speedo International Limited Health Check
Pomanda's financial health check has awarded Speedo International Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
3 Weak
Size
annual sales of £106.5m, make it larger than the average company (£12.6m)
£106.5m - Speedo International Limited
£12.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.8%)
-2% - Speedo International Limited
1.8% - Industry AVG
Production
with a gross margin of 38.9%, this company has a comparable cost of product (33.2%)
38.9% - Speedo International Limited
33.2% - Industry AVG
Profitability
an operating margin of 8.3% make it more profitable than the average company (4.7%)
8.3% - Speedo International Limited
4.7% - Industry AVG
Employees
with 468 employees, this is above the industry average (43)
- Speedo International Limited
43 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Speedo International Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £227.6k, this is equally as efficient (£240.9k)
- Speedo International Limited
£240.9k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (45 days)
41 days - Speedo International Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 153 days, this is slower than average (38 days)
153 days - Speedo International Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 151 days, this is more than average (121 days)
151 days - Speedo International Limited
121 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Speedo International Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.6%, this is a similar level of debt than the average (63.9%)
69.6% - Speedo International Limited
63.9% - Industry AVG
speedo international limited Credit Report and Business Information
Speedo International Limited Competitor Analysis
Perform a competitor analysis for speedo international limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
speedo international limited Ownership
SPEEDO INTERNATIONAL LIMITED group structure
Speedo International Limited has no subsidiary companies.
Ultimate parent company
PENTLAND GROUP HOLDINGS LTD
#0135486
2 parents
SPEEDO INTERNATIONAL LIMITED
00227323
speedo international limited directors
Speedo International Limited currently has 4 directors. The longest serving directors include Mr Andrew Rubin (Sep 1997) and Mr Robert Rubin Obe (Mar 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Rubin | England | 59 years | Sep 1997 | - | Director |
| Mr Robert Rubin Obe | 86 years | Mar 2000 | - | Director | |
| Mr Andrew Long | United Kingdom | 53 years | Dec 2005 | - | Director |
| Mr Chirag Patel | England | 46 years | Oct 2020 | - | Director |
SPEEDO INTERNATIONAL LIMITED financials
Speedo International Limited's latest turnover from December 2022 is £106.5 million and the company has net assets of £32.5 million. According to their latest financial statements, we estimate that Speedo International Limited has 468 employees and maintains cash reserves of £100 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 106,500,000 | 82,000,000 | 66,800,000 | 114,900,000 | 111,100,000 | 107,100,000 | 109,400,000 | 106,700,000 | 107,600,000 | 104,100,000 | 97,000,000 | 95,600,000 | 87,300,000 | 77,200,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 65,100,000 | 50,700,000 | 43,100,000 | 68,100,000 | 62,100,000 | 55,600,000 | 55,200,000 | 56,000,000 | 55,300,000 | 54,000,000 | 54,700,000 | 55,000,000 | 47,400,000 | |
| Gross Profit | 41,400,000 | 31,300,000 | 23,700,000 | 46,800,000 | 49,000,000 | 51,500,000 | 54,200,000 | 50,700,000 | 52,300,000 | 50,100,000 | 42,300,000 | 40,600,000 | 39,900,000 | |
| Admin Expenses | 32,600,000 | 24,600,000 | 21,400,000 | 33,300,000 | 34,300,000 | 44,200,000 | 47,000,000 | 46,300,000 | 48,000,000 | 45,300,000 | 39,000,000 | 38,100,000 | 22,100,000 | |
| Operating Profit | 8,800,000 | 6,700,000 | 2,300,000 | 13,500,000 | 14,700,000 | 7,300,000 | 7,200,000 | 4,400,000 | 4,300,000 | 4,800,000 | 3,300,000 | 2,500,000 | 17,800,000 | -2,600,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 8,800,000 | 7,700,000 | -3,900,000 | 13,500,000 | 15,400,000 | 11,600,000 | 7,500,000 | 5,300,000 | 7,200,000 | 5,600,000 | 3,300,000 | 3,200,000 | 18,800,000 | -1,900,000 |
| Tax | -2,500,000 | -1,200,000 | -1,300,000 | -2,400,000 | -2,800,000 | -1,500,000 | -1,400,000 | -800,000 | -300,000 | -300,000 | -1,100,000 | 0 | 0 | -100,000 |
| Profit After Tax | 6,300,000 | 6,500,000 | -5,200,000 | 11,100,000 | 12,600,000 | 10,100,000 | 6,100,000 | 4,500,000 | 6,900,000 | 5,300,000 | 2,200,000 | 3,200,000 | 18,800,000 | -2,000,000 |
| Dividends Paid | 0 | 1,000,000 | 0 | 18,000,000 | 8,000,000 | 7,200,000 | 4,000,000 | 6,000,000 | 1,500,000 | 5,000,000 | 5,000,000 | 3,000,000 | 9,000,000 | 0 |
| Retained Profit | 6,300,000 | 5,500,000 | -5,200,000 | -6,900,000 | 4,600,000 | 2,900,000 | 2,100,000 | -1,500,000 | 5,400,000 | 300,000 | -2,800,000 | 200,000 | 9,800,000 | -2,000,000 |
| Employee Costs | 0 | 0 | 11,500,000 | 13,100,000 | 13,600,000 | 13,400,000 | 12,200,000 | 11,100,000 | 10,300,000 | 10,200,000 | 9,800,000 | |||
| Number Of Employees | 204 | 225 | 214 | 221 | 199 | 215 | 204 | 190 | 192 | |||||
| EBITDA* | 9,100,000 | 7,000,000 | 2,900,000 | 13,900,000 | 15,200,000 | 7,500,000 | 7,300,000 | 4,500,000 | 4,500,000 | 4,900,000 | 3,400,000 | 2,700,000 | 17,900,000 | -2,400,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 600,000 | 400,000 | 400,000 | 800,000 | 700,000 | 400,000 | 100,000 | 100,000 | 100,000 | 300,000 | 700,000 | 800,000 | 1,000,000 | 600,000 |
| Intangible Assets | 0 | 0 | 0 | 100,000 | 100,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 7,200,000 | 7,200,000 | 7,200,000 | 13,400,000 | 8,300,000 | 8,300,000 | 8,300,000 | 8,300,000 | 8,300,000 | 8,300,000 | 8,300,000 | 8,300,000 | 8,300,000 | 8,300,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,800,000 | 7,600,000 | 7,600,000 | 14,300,000 | 9,100,000 | 8,900,000 | 8,400,000 | 8,400,000 | 8,400,000 | 8,600,000 | 9,000,000 | 9,100,000 | 9,300,000 | 8,900,000 |
| Stock & work in progress | 27,100,000 | 7,400,000 | 13,200,000 | 16,900,000 | 15,000,000 | 15,500,000 | 12,700,000 | 10,900,000 | 11,600,000 | 13,600,000 | 8,700,000 | 10,400,000 | 10,800,000 | 9,100,000 |
| Trade Debtors | 12,100,000 | 8,700,000 | 5,600,000 | 15,500,000 | 14,800,000 | 14,600,000 | 15,800,000 | 14,100,000 | 13,400,000 | 8,700,000 | 10,600,000 | 11,800,000 | 8,900,000 | 11,700,000 |
| Group Debtors | 57,200,000 | 44,200,000 | 29,600,000 | 13,900,000 | 14,700,000 | 6,300,000 | 28,400,000 | 22,800,000 | 500,000 | 800,000 | 5,000,000 | 9,100,000 | 400,000 | 600,000 |
| Misc Debtors | 2,500,000 | 5,800,000 | 2,600,000 | 4,900,000 | 4,500,000 | 1,400,000 | 1,200,000 | 900,000 | 800,000 | 900,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 |
| Cash | 100,000 | 600,000 | 0 | 1,000,000 | 100,000 | 100,000 | 0 | 0 | 15,200,000 | 4,800,000 | 0 | 0 | 17,100,000 | 24,800,000 |
| misc current assets | 0 | 0 | 0 | 0 | 100,000 | 200,000 | 200,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 99,000,000 | 66,700,000 | 51,000,000 | 52,200,000 | 49,200,000 | 38,100,000 | 58,300,000 | 48,800,000 | 41,500,000 | 28,800,000 | 25,300,000 | 33,300,000 | 38,200,000 | 47,200,000 |
| total assets | 106,800,000 | 74,300,000 | 58,600,000 | 66,500,000 | 58,300,000 | 47,000,000 | 66,700,000 | 57,200,000 | 49,900,000 | 37,400,000 | 34,300,000 | 42,400,000 | 47,500,000 | 56,100,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 3,200,000 | 4,300,000 | 0 | 0 | 0 | 1,900,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 27,400,000 | 9,600,000 | 3,000,000 | 2,500,000 | 2,400,000 | 2,400,000 | 2,900,000 | 2,900,000 | 2,300,000 | 2,400,000 | 1,000,000 | 1,500,000 | 1,600,000 | 1,300,000 |
| Group/Directors Accounts | 38,300,000 | 28,600,000 | 26,300,000 | 29,600,000 | 19,800,000 | 10,700,000 | 29,000,000 | 20,500,000 | 16,000,000 | 7,800,000 | 7,200,000 | 9,800,000 | 18,600,000 | 37,100,000 |
| other short term finances | 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 |
| other current liabilities | 8,600,000 | 9,900,000 | 8,600,000 | 8,500,000 | 3,300,000 | 5,500,000 | 5,700,000 | 5,900,000 | 6,500,000 | 7,300,000 | 6,800,000 | 7,100,000 | 5,400,000 | 5,600,000 |
| total current liabilities | 74,300,000 | 48,100,000 | 37,900,000 | 40,600,000 | 25,500,000 | 18,600,000 | 40,800,000 | 33,600,000 | 24,800,000 | 17,500,000 | 15,000,000 | 20,300,000 | 25,600,000 | 44,000,000 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 200,000 | 600,000 | 400,000 | 400,000 | 300,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 200,000 | 600,000 | 400,000 | 400,000 | 300,000 | 0 | 0 | 0 | 0 |
| total liabilities | 74,300,000 | 48,100,000 | 37,900,000 | 40,600,000 | 25,500,000 | 18,800,000 | 41,400,000 | 34,000,000 | 25,200,000 | 17,800,000 | 15,000,000 | 20,300,000 | 25,600,000 | 44,000,000 |
| net assets | 32,500,000 | 26,200,000 | 20,700,000 | 25,900,000 | 32,800,000 | 28,200,000 | 25,300,000 | 23,200,000 | 24,700,000 | 19,600,000 | 19,300,000 | 22,100,000 | 21,900,000 | 12,100,000 |
| total shareholders funds | 32,500,000 | 26,200,000 | 20,700,000 | 25,900,000 | 32,800,000 | 28,200,000 | 25,300,000 | 23,200,000 | 24,700,000 | 19,600,000 | 19,300,000 | 22,100,000 | 21,900,000 | 12,100,000 |
| 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 | 8,800,000 | 6,700,000 | 2,300,000 | 13,500,000 | 14,700,000 | 7,300,000 | 7,200,000 | 4,400,000 | 4,300,000 | 4,800,000 | 3,300,000 | 2,500,000 | 17,800,000 | -2,600,000 |
| Depreciation | 300,000 | 300,000 | 500,000 | 300,000 | 400,000 | 200,000 | 100,000 | 100,000 | 200,000 | 100,000 | 100,000 | 200,000 | 100,000 | 200,000 |
| Amortisation | 0 | 0 | 100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,500,000 | -1,200,000 | -1,300,000 | -2,400,000 | -2,800,000 | -1,500,000 | -1,400,000 | -800,000 | -300,000 | -300,000 | -1,100,000 | 0 | 0 | -100,000 |
| Stock | 19,700,000 | -5,800,000 | -3,700,000 | 1,900,000 | -500,000 | 2,800,000 | 1,800,000 | -700,000 | -2,000,000 | 4,900,000 | -1,700,000 | -400,000 | 1,700,000 | 9,100,000 |
| Debtors | 13,100,000 | 20,900,000 | 3,500,000 | 300,000 | 11,700,000 | -23,100,000 | 7,600,000 | 23,100,000 | 4,300,000 | -6,200,000 | -6,300,000 | 12,600,000 | -3,000,000 | 13,300,000 |
| Creditors | 17,800,000 | 6,600,000 | 500,000 | 100,000 | 0 | -500,000 | 0 | 600,000 | -100,000 | 1,400,000 | -500,000 | -100,000 | 300,000 | 1,300,000 |
| Accruals and Deferred Income | -1,300,000 | 1,300,000 | 100,000 | 5,200,000 | -2,200,000 | -200,000 | -200,000 | -600,000 | -800,000 | 500,000 | -300,000 | 1,700,000 | -200,000 | 5,600,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -9,700,000 | -1,400,000 | 2,400,000 | 14,600,000 | -1,000,000 | 25,600,000 | -3,700,000 | -18,700,000 | 1,000,000 | 7,800,000 | 9,500,000 | -7,900,000 | 19,300,000 | -18,000,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -6,200,000 | 5,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,300,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,700,000 | 2,300,000 | -3,300,000 | 9,800,000 | 9,100,000 | -18,300,000 | 8,500,000 | 4,500,000 | 8,200,000 | 600,000 | -2,600,000 | -8,800,000 | -18,500,000 | 37,100,000 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -200,000 | -400,000 | 200,000 | 0 | 100,000 | 300,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 9,700,000 | 2,300,000 | -3,300,000 | 9,800,000 | 8,900,000 | -18,700,000 | 8,700,000 | 4,500,000 | 8,000,000 | 900,000 | -2,600,000 | -18,500,000 | 51,200,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | -500,000 | 600,000 | -1,000,000 | 900,000 | 0 | 100,000 | 0 | -15,200,000 | 10,400,000 | 4,800,000 | 0 | -17,100,000 | -7,700,000 | 24,800,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -3,200,000 | -1,100,000 | 4,300,000 | 0 | 0 | -1,900,000 | 1,900,000 | 0 | 0 |
| change in cash | -500,000 | 600,000 | -1,000,000 | 900,000 | 0 | 3,300,000 | 1,100,000 | -19,500,000 | 10,400,000 | 4,800,000 | 1,900,000 | -19,000,000 | -7,700,000 | 24,800,000 |
P&L
December 2022turnover
106.5m
+30%
operating profit
8.8m
+31%
gross margin
38.9%
+1.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
32.5m
+0.24%
total assets
106.8m
+0.44%
cash
100k
-0.83%
net assets
Total assets minus all liabilities
Similar Companies
speedo international limited company details
company number
00227323
Type
Private limited with Share Capital
industry
14190 - Manufacture of other wearing apparel and accessories
46420 - Wholesale of clothing and footwear
incorporation date
January 1928
age
96
accounts
Full Accounts
ultimate parent company
previous names
speedo (europe) limited (January 1996)
robert shaw & company,limited (December 1977)
incorporated
UK
address
8 manchester square, london, W1U 3PH
last accounts submitted
December 2022
speedo international 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 12 charges/mortgages relating to speedo international limited. Currently there are 4 open charges and 8 have been satisfied in the past.
speedo international limited Companies House Filings - See Documents
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