amalgamated metal corporation plc

amalgamated metal corporation plc Company Information

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Company Number

00244159

Industry

Wholesale of metals and metal ores

 

Activities of head offices

 

Directors

Geoffrey Rowan

Victor Sher

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Shareholders

amco investments limited

rulegale nominees limited

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Group Structure

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Contact

Registered Address

level 35 110 bishopsgate, london, EC2N 4AY

amalgamated metal corporation plc Estimated Valuation

£1b

Pomanda estimates the enterprise value of AMALGAMATED METAL CORPORATION PLC at £1b based on a Turnover of £996.6m and 1.05x industry multiple (adjusted for size and gross margin).

amalgamated metal corporation plc Estimated Valuation

£367.5m

Pomanda estimates the enterprise value of AMALGAMATED METAL CORPORATION PLC at £367.5m based on an EBITDA of £44.5m and a 8.25x industry multiple (adjusted for size and gross margin).

amalgamated metal corporation plc Estimated Valuation

£655.2m

Pomanda estimates the enterprise value of AMALGAMATED METAL CORPORATION PLC at £655.2m based on Net Assets of £315.8m and 2.07x industry multiple (adjusted for liquidity).

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Amalgamated Metal Corporation Plc Overview

Amalgamated Metal Corporation Plc is a live company located in london, EC2N 4AY with a Companies House number of 00244159. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in December 1929, it's largest shareholder is amco investments limited with a 88% stake. Amalgamated Metal Corporation Plc is a mature, mega sized company, Pomanda has estimated its turnover at £996.6m with healthy growth in recent years.

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Amalgamated Metal Corporation Plc Health Check

Pomanda's financial health check has awarded Amalgamated Metal Corporation Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £996.6m, make it larger than the average company (£26m)

£996.6m - Amalgamated Metal Corporation Plc

£26m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (10.9%)

8% - Amalgamated Metal Corporation Plc

10.9% - Industry AVG

production

Production

with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)

24.6% - Amalgamated Metal Corporation Plc

24.6% - Industry AVG

profitability

Profitability

an operating margin of 4.1% make it less profitable than the average company (5.3%)

4.1% - Amalgamated Metal Corporation Plc

5.3% - Industry AVG

employees

Employees

with 691 employees, this is above the industry average (75)

691 - Amalgamated Metal Corporation Plc

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £54k, the company has an equivalent pay structure (£49.5k)

£54k - Amalgamated Metal Corporation Plc

£49.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.4m, this is more efficient (£546.4k)

£1.4m - Amalgamated Metal Corporation Plc

£546.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 27 days, this is earlier than average (54 days)

27 days - Amalgamated Metal Corporation Plc

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is quicker than average (44 days)

39 days - Amalgamated Metal Corporation Plc

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 82 days, this is more than average (61 days)

82 days - Amalgamated Metal Corporation Plc

61 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (11 weeks)

36 weeks - Amalgamated Metal Corporation Plc

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 37.5%, this is a lower level of debt than the average (54.8%)

37.5% - Amalgamated Metal Corporation Plc

54.8% - Industry AVG

AMALGAMATED METAL CORPORATION PLC financials

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Amalgamated Metal Corporation Plc's latest turnover from December 2023 is £996.6 million and the company has net assets of £315.8 million. According to their latest financial statements, Amalgamated Metal Corporation Plc has 691 employees and maintains cash reserves of £138.8 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
Turnover996,564,0001,243,847,0001,168,947,000799,863,000888,816,000903,430,000843,385,000603,645,000446,901,000637,253,000750,151,000773,159,0001,254,479,0001,113,204,000675,774,000
Other Income Or Grants000000000000000
Cost Of Sales751,584,811915,169,624881,587,203622,208,764688,609,597695,481,112639,507,898457,504,105344,330,915496,554,514586,820,344605,241,382972,115,666856,789,309540,619,200
Gross Profit244,979,189328,677,376287,359,797177,654,236200,206,403207,948,888203,877,102146,140,895102,570,085140,698,486163,330,656167,917,618282,363,334256,414,691135,154,800
Admin Expenses204,198,189280,715,376243,666,797164,285,236180,860,403193,684,888190,092,102136,095,89594,017,085135,120,486152,063,656157,713,618245,103,334227,415,691122,932,800
Operating Profit40,781,00047,962,00043,693,00013,369,00019,346,00014,264,00013,785,00010,045,0008,553,0005,578,00011,267,00010,204,00037,260,00028,999,00012,222,000
Interest Payable4,0001,783,0003,490,0002,220,0003,391,0002,463,0001,848,000514,000201,000741,0001,033,000770,0001,482,000853,000661,000
Interest Receivable6,286,0000680,000786,0001,141,000929,000806,000424,000558,000879,0001,484,0001,755,0002,459,0001,260,0005,197,000
Pre-Tax Profit47,063,00046,179,00040,883,00011,910,00016,958,00011,619,00011,219,0009,203,0007,727,0005,061,00013,627,00045,017,00087,517,00031,177,00027,452,000
Tax-10,383,000-8,708,000-8,294,000-2,567,000-3,536,000-2,349,000-2,849,000-2,802,000-2,017,000-634,000701,000-7,790,000-16,580,000-8,668,000-4,810,000
Profit After Tax36,680,00037,471,00032,589,0009,343,00013,422,0009,270,0008,370,0006,401,0005,710,0004,427,00014,328,00037,227,00070,937,00022,509,00022,642,000
Dividends Paid3,130,0001,630,0001,630,0001,630,0002,959,0003,230,0003,799,0002,575,0003,130,00071,897,0003,130,00032,594,00047,473,00012,135,00023,970,000
Retained Profit30,452,00032,249,00027,768,0006,216,0009,054,0004,040,0002,443,0003,022,0002,577,000-67,470,00010,727,0003,845,00022,434,0009,345,000-1,947,000
Employee Costs37,337,00037,619,00036,199,0002,784,00029,128,00028,219,00025,610,00022,980,00023,238,00026,484,00028,565,00028,744,00050,151,00063,076,00057,609,000
Number Of Employees691720256846906496316136146756827101,0661,3411,363
EBITDA*44,536,00051,195,00046,698,00015,844,00021,546,00016,219,00015,680,00012,057,00010,326,0007,805,00013,971,00012,790,00040,888,00033,677,00016,590,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets30,853,00029,904,00029,972,00030,043,00025,990,00019,004,00017,269,00017,095,00020,681,00020,007,00044,771,00049,667,00049,755,00058,484,00056,164,000
Intangible Assets1,333,0001,583,0001,483,0001,356,0001,148,0001,234,0001,345,0001,386,0001,217,0001,409,000-367,000152,000233,000764,000822,000
Investments & Other6,267,0005,928,0004,658,0003,839,0003,804,0003,061,0003,367,0005,219,0002,817,0002,752,0002,831,0003,308,0003,826,0004,788,0002,902,000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets38,453,00037,415,00036,113,00035,238,00030,942,00023,299,00021,981,00023,700,00024,715,00024,168,00047,235,00053,127,00053,814,00064,036,00059,888,000
Stock & work in progress169,349,000155,372,000284,958,000148,841,000125,196,000164,629,000136,362,000128,561,00088,602,000124,679,000146,543,000160,805,000176,518,000177,111,000130,348,000
Trade Debtors76,207,00067,860,00074,568,00072,246,00053,839,00054,939,00064,003,00058,589,00024,850,00039,142,00044,571,00052,898,00061,011,000116,527,00073,376,000
Group Debtors88,496,000104,297,00063,958,00043,172,00038,996,00014,498,00051,624,00041,749,00031,00035,589,00063,462,00004,974,000013,501,000
Misc Debtors20,124,00019,186,00042,849,00049,895,00033,254,00061,679,00038,587,00041,660,00052,672,00016,600,00019,795,00023,844,00020,228,00021,344,00024,161,000
Cash138,759,000119,633,00072,397,00090,610,00095,768,00085,866,00058,058,00067,015,00088,392,00051,221,00071,022,000138,136,000107,596,00059,872,00086,773,000
misc current assets000000000020,0000000
total current assets492,935,000466,348,000538,730,000404,764,000347,053,000381,611,000348,634,000337,574,000254,547,000267,231,000345,413,000375,683,000370,327,000374,854,000328,159,000
total assets531,388,000503,763,000574,843,000440,002,000377,995,000404,910,000370,615,000361,274,000279,262,000291,399,000392,648,000428,810,000424,141,000438,890,000388,047,000
Bank overdraft29,817,00024,537,000134,429,000105,910,00029,218,00062,118,00045,512,00024,967,0001,530,0005,696,00023,378,0009,643,00017,680,00023,285,00011,218,000
Bank loan000000000000000
Trade Creditors 80,402,00092,989,00075,971,00045,370,00057,610,00040,693,00000052,556,00075,280,00090,341,000106,955,00078,757,000103,561,000
Group/Directors Accounts94,000298,0001,658,0001,561,000153,00080,000000048,00016,507,000101,00029,406,000449,000
other short term finances36,643,00023,249,00021,529,00016,457,00027,285,00033,429,00000000002,000,0000
hp & lease commitments00000000002,00018,00076,000366,000276,000
other current liabilities51,366,00053,464,00061,396,00021,234,00024,874,00030,803,00097,340,000108,787,00075,687,00037,985,00031,832,00047,084,00036,355,00050,269,00044,295,000
total current liabilities198,322,000194,537,000294,983,000190,532,000139,140,000167,123,000142,852,000133,754,00077,217,00096,237,000130,540,000163,593,000161,167,000184,083,000159,799,000
loans000000000005,309,0005,268,00010,000,0005,284,000
hp & lease commitments0000000000000936,0001,170,000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions804,000850,0003,063,000721,000667,000487,000422,0001,151,000787,000791,0001,046,000643,000952,0001,673,0001,511,000
total long term liabilities804,000850,00050,812,00062,882,00042,425,00046,351,00038,130,00046,134,00019,664,00021,272,0006,500,00019,688,00022,636,00019,675,00018,716,000
total liabilities199,126,000195,387,000345,795,000253,414,000181,565,000213,474,000180,982,000179,888,00096,881,000117,509,000137,040,000183,281,000183,803,000203,758,000178,515,000
net assets315,848,000292,486,000217,527,000177,954,000188,932,000173,773,000170,648,000162,698,000171,753,000163,495,000244,074,000233,119,000228,349,000223,733,000200,273,000
total shareholders funds315,848,000292,486,000217,527,000177,954,000188,932,000173,773,000170,648,000162,698,000171,753,000163,495,000244,074,000233,119,000228,349,000223,733,000200,273,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit40,781,00047,962,00043,693,00013,369,00019,346,00014,264,00013,785,00010,045,0008,553,0005,578,00011,267,00010,204,00037,260,00028,999,00012,222,000
Depreciation3,440,0003,030,0002,898,0002,404,0002,168,0001,920,0001,851,0001,965,0001,685,0002,154,0002,645,0002,528,0003,522,0004,581,0004,281,000
Amortisation315,000203,000107,00071,00032,00035,00044,00047,00088,00073,00059,00058,000106,00097,00087,000
Tax-10,383,000-8,708,000-8,294,000-2,567,000-3,536,000-2,349,000-2,849,000-2,802,000-2,017,000-634,000701,000-7,790,000-16,580,000-8,668,000-4,810,000
Stock13,977,000-129,586,000136,117,00023,645,000-39,433,00028,267,0007,801,00039,959,000-36,077,000-21,864,000-14,262,000-15,713,000-593,00046,763,000130,348,000
Debtors-6,516,0009,968,00016,062,00039,224,000-5,027,000-23,098,00012,216,00064,445,000-13,778,000-36,497,00051,086,000-9,471,000-51,658,00026,833,000111,038,000
Creditors-12,587,00017,018,00030,601,000-12,240,00016,917,00040,693,00000-52,556,000-22,724,000-15,061,000-16,614,00028,198,000-24,804,000103,561,000
Accruals and Deferred Income-2,098,000-7,932,00040,162,000-3,640,000-5,929,000-66,537,000-11,447,00033,100,00037,702,0006,153,000-15,252,00010,729,000-13,914,0005,974,00044,295,000
Deferred Taxes & Provisions-46,000-2,213,0002,342,00054,000180,00065,000-729,000364,000-4,000-255,000403,000-309,000-721,000162,0001,511,000
Cash flow from operations11,961,000168,978,000-40,670,000-65,418,00073,638,000-17,078,000-19,362,000-61,685,00043,306,00048,706,000-52,062,00023,990,00090,122,000-67,255,000-80,239,000
Investing Activities
capital expenditure00000-3,345,000-2,725,0000022,335,000-1,875,00030,869,000-3,084,000-2,862,000860,000
Change in Investments339,0001,270,000819,00035,000743,000-306,000-1,852,0002,402,00065,000-79,000-477,000-518,000-962,0001,886,0002,902,000
cash flow from investments-339,000-1,270,000-819,000-35,000-743,000-3,039,000-873,000-2,402,000-65,00022,414,000-1,398,00031,387,000-2,122,000-4,748,000-2,042,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-204,000-1,360,00097,0001,408,00073,00080,000000-48,000-16,459,00016,406,000-29,305,00028,957,000449,000
Other Short Term Loans 13,394,0001,720,0005,072,000-10,828,000-6,144,00033,429,000000000-2,000,0002,000,0000
Long term loans0000000000-5,309,00041,000-4,732,0004,716,0005,284,000
Hire Purchase and Lease Commitments000000000-2,000-16,000-58,000-1,226,000-144,0001,446,000
other long term liabilities000000000000000
share issue-7,090,00042,710,00011,805,000-17,194,0006,105,000-915,0005,507,000-12,077,0005,681,000-13,109,000228,000925,000-17,818,00014,115,000202,220,000
interest6,282,000-1,783,000-2,810,000-1,434,000-2,250,000-1,534,000-1,042,000-90,000357,000138,000451,000985,000977,000407,0004,536,000
cash flow from financing12,382,00041,287,00014,164,000-28,048,000-2,216,00031,060,0004,465,000-12,167,0006,038,000-13,021,000-21,105,00018,299,000-54,104,00050,051,000213,935,000
cash and cash equivalents
cash19,126,00047,236,000-18,213,000-5,158,0009,902,00027,808,000-8,957,000-21,377,00037,171,000-19,801,000-67,114,00030,540,00047,724,000-26,901,00086,773,000
overdraft5,280,000-109,892,00028,519,00076,692,000-32,900,00016,606,00020,545,00023,437,000-4,166,000-17,682,00013,735,000-8,037,000-5,605,00012,067,00011,218,000
change in cash13,846,000157,128,000-46,732,000-81,850,00042,802,00011,202,000-29,502,000-44,814,00041,337,000-2,119,000-80,849,00038,577,00053,329,000-38,968,00075,555,000

amalgamated metal corporation plc Credit Report and Business Information

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High Risk20 - 30
Very High Risk0 - 20
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Amalgamated Metal Corporation Plc Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for amalgamated metal corporation plc by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in EC2N area or any other competitors across 12 key performance metrics.

amalgamated metal corporation plc Ownership

AMALGAMATED METAL CORPORATION PLC group structure

Amalgamated Metal Corporation Plc has 1 subsidiary company.

Ultimate parent company

1 parent

AMALGAMATED METAL CORPORATION PLC

00244159

1 subsidiary

AMALGAMATED METAL CORPORATION PLC Shareholders

amco investments limited 88%
rulegale nominees limited 8.01%
vidacos nominees limited a/c 151158 0.86%
hsbc client holdings nominees (uk) limited a/c 771289a 0.42%
cgwl nominees limited a/c gc1 0.24%
mr martin nicholas haslam 0.22%
cheviot capital (nominees) limited 0.18%
mr david frederick george leighton 0.18%
mr jeremy grant nolan 0.17%
brewin nominees limited a/c nom 0.16%

amalgamated metal corporation plc directors

Amalgamated Metal Corporation Plc currently has 5 directors. The longest serving directors include Mr Geoffrey Rowan (Apr 1992) and Mr Victor Sher (Apr 1992).

officercountryagestartendrole
Mr Geoffrey Rowan74 years Apr 1992- Director
Mr Victor Sher77 years Apr 1992- Director
Mr Giles Robbins64 years Nov 2003- Director
Mr Hamish MichieUnited Kingdom57 years Dec 2014- Director
Mr David SherUnited Kingdom41 years Jan 2015- Director

P&L

December 2023

turnover

996.6m

-20%

operating profit

40.8m

-15%

gross margin

24.6%

-6.97%

turnover

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

Balance Sheet

December 2023

net assets

315.8m

+0.08%

total assets

531.4m

+0.05%

cash

138.8m

+0.16%

net assets

Total assets minus all liabilities

amalgamated metal corporation plc company details

company number

00244159

Type

Public limited with Share Capital

industry

46720 - Wholesale of metals and metal ores

70100 - Activities of head offices

incorporation date

December 1929

age

95

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

MOORE KINGSTON SMITH LLP

address

level 35 110 bishopsgate, london, EC2N 4AY

Bank

-

Legal Advisor

-

amalgamated metal corporation 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 did not find charges/mortgages relating to amalgamated metal corporation plc.

charges

amalgamated metal corporation plc Companies House Filings - See Documents

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